VANCOUVER, BRITISH COLUMBIA - Mineral Mountain Resources Ltd. (TSX VENTURE:MMV - News; “the “Company”) announces that, further to its news release dated September 28, 2010 with respect to the option granted to the Company to acquire up to a 75% interest in Shotgun Exploration’s 100% owned Straw Lake Beach Gold Mine Property, the Company has agreed to pay a finder’s fee consisting of 150,000 common shares of the Company at a deemed price of $0.50 per share, subject to the acceptance of the TSX Venture Exchange.
About Mineral Mountain
Mineral Mountain intends to become a significant explorer and developer of precious metals with a particular focus on gold, silver and base metals. The Company’s business model is based on a strong management, a strong technical team, on the ability to raise the funds necessary to properly explore its projects and on establishing strategic partnerships. Our mandate is to explore in politically safe countries where infrastructure plays a significant role in reducing overall exploration and future development costs. Presently, Mineral Mountain has over $4 million in its treasury.
Mineral Mountain has now identified three major gold projects that meet the Company’s objectives. In south eastern British Columbia, the Company has identified the 60,600-hectare Kootenay Arc Project as having a geological environment that could host hypogene, sediment hosted precious metal deposits similar to those found in the Carlin Trend of Nevada. To date, several kilometre-scale gold and silver anomalies have been defined by prospecting and systematic soil and stream sediment sampling within the project area. The 90 km2 Golden Harp option in the emerging Shining Tree mining camp and the Straw Lake Beach Mine Property both are considered to have excellent bulk tonnage gold potential.
On behalf of the Board of Directors of Mineral Mountain Resources Ltd.
Nelson W. Baker, President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Mineral Mountain Resources Ltd.