NEW YORK, Jan. 19, 2005 (PRIMEZONE) -- Mayfair Mining & Minerals, Inc. (OTCBB:MFMM)(the "Company") is pleased to announce that it has acquired Mayfair Mining & Minerals (UK) Ltd., a U.K. corporation, as a wholly owned subsidiary. The subsidiary corporation, which has no assets or liabilities, was acquired from Clive de Larrabeiti, President of the Company, for US$150, the actual cost of forming the corporation. The Company owns 100% of the issued and outstanding shares of the subsidiary.
The Company anticipates utilizing Mayfair Mining & Minerals (UK) Ltd. as a joint venture, project acquisition and management vehicle for the Company.
The Company is also pleased to announce that it has reached agreement with the Nyendwa Family of Kafue, Zambia, and its related corporate entities, to form a joint venture to explore and, if indicated, develop the Family's potential gold and platinum-bearing properties, located in the Funswe River and Nansenga Stream areas of Zambia and their amethyst mine, located in the Mapatizya constituency of the Kalomo District of Zambia.
On behalf of the Board of Directors,
Eur. Ing. Dr. Michael Harold Smith, FIMM, C.Eng. Director.
Forward-Looking Statements
Some of the information in this communication may contain projections or other forward-looking statements regarding future events or the future financial performance of Mayfair Mining and Minerals, Inc. The reader is cautioned that the assumptions and projections used in the preparation of these forward-looking statements are subjective and involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in such forward-looking statements, or could substantially and negatively impact the extent to which a particular projection is realized, if at all. To the extent applicable and available by law, as regards forward-looking statements, Mayfair Mining and Minerals, Inc., relies upon, incorporates by reference herein and claims the safe-harbor provisions of any and all federal, state and provincial laws, rules and regulations, specifically including those related to securities and investments.