"We have carried out a review of Merit and its assets.
We are now confident that Merit's mining team will develop Greenwood to production in a timely manner, and that further exploration efforts will continue to expand the company's deposits."
Fred Sveinson, CEO of Merit Mining Corp. stated, "With solid financial backing from Wega as a strategic investor, Merit is now in an excellent position to develop Greenwood to production by early 2008, and to advance its other projects rapidly with aggressive exploration programs."
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE: Merit Mining Corp.
Fred Sveinson, President & CEO, Merit Mining Corp. at (604) 694-2344;
Lars Marius Furu, CEO, Wega Mining ASA at 011 47 9018 8289;
For Investor Relations information contact: MarketSmart at (604) 261-4466 or 1-877-261-4466
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