Mensa Mining Corp (EQBM)

[Vasco da Gama]

ABOUT LAST PR…

1 - executives are pleased to announce the completion of a joint venture agreement between Actel/Aikete Limited and First Union Kreditanstalt S.A

2 - according to Mrs. M. J. Majoie Hui, President of Actel/Aikete, Ltd.

3 - "Our company, Actel/Aikete Limited, has been heavily investing in China, especially in a mining waste recycling facility in Dalian.

4 - The Dalian facility has a registered capital of US$10.7 million.

5 - The facilities comprehend 5.4 million tons of tailings, 11 accessory buildings, and a 40,000 square feet 100' tall factory; with all the necessary infrastructure, such as electricity, water, roads, dams, etc.

6 - "The joint venture capital brought by SOMA will allow us to expand the facility and to install additional production lines.

7 - The principal production is precious metal oxides in semi-refined form, such as palladium, iridium, rhodium, etc....

8 - "The contract was signed at the end of March and additional details for funding are being worked out at the present time.

9 - SOMA has made multiple transfers, to date, of their total contractually committed funding in excess of three million dollars (US)."

10 - The due diligence has been completed by SOMA and the property has received Chinese Government environmental approvals.

11 - The property is currently owned by D.A.K., a privately owned Chinese resource corporation held by H.M.H. of Hong Kong.

12 - Once the agreements are finalized and executed, SOMA will own 49% of all operations and mineral rights upon completion of funding.

13 - Significant deposits of gold, platinum, palladium, rhodium and copper have been identified in the mine and mine tailings.

14 - Monthly revenues of $1.6 million and annual revenues of $19.2 million are projected within one year of closing.

15 - The Dalian acquisition covers the mineral rights to 220,000 square meters of land leased from the government for 25 years with 15 years remaining, with right of renewal.

16 - The property includes 5.2 million tons of mine tailings plus infrastructure in place including roads, electricity, water, fencing, storm sewer, transportation and one operating production line. To date $7 million has been invested in the project by H.M.H. and D.A.K.

17 - Once the acquisition is complete SOMA plans to increase production to three lines, within the first year.

18 - The company will utilize D.A.K.'s environmentally friendly leaching process to extract the mineral deposits.