PROSPER, Texas, June 2, 2006 (PRIMEZONE) -- Brian Dean, Publisher of OTCPicks.com, announced today that the website has initiated Profile Coverage of Sao Luis Mining, Inc. (Pink Sheets:SAOL). Says Mr. Dean, "The Sao Luis River Basin Diamond Project is located in the state of Mato Grosso in Brazil, approximately 30 kilometers from the town of Juina. The 1,889 hectare (4,666 acres) property has been in production since 2000 and has produced over 175,000 carats. The Department of Natural Mineral Production (DNPM) has documented 119,334 carats of diamonds that were produced from this property in 2004 and 2005."
To view the OTCPicks.com Company Profile for Sao Luis Mining, Inc., please visit: http://www.otcpicks.com/profiles/saol/index.php.
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About Sao Luis Mining, Inc.
Sao Luis Mining, Inc. (Pink Sheets:SAOL) focuses on bringing diamonds and precious metals to market. The Company participates in diamond and precious metals mining and exploration. Its strategy is to seek out and acquire mineral assets in North and South America. Sao Luis Mining has acquired the rights to a 35% joint venture interest that operates a producing diamond mine in Brazil and an option to acquire a 65% interest in a second diamond property. The Company continues to pursue both undeveloped and in production mineral assets.
About OTCPicks.com
OTCPicks.com is an Internet destination for investors seeking information on smallcap and microcap companies. The web site features companies in Profile Campaigns, Executive Interviews and Research Reports authored by our financial writers. We publish our Daily Market Movers Digest Newsletter to opt-in investor members. This is also sent out on the M2 Presswire several times daily highlighting hot OTC and OTCBB stocks. To feature a company on OTCPicks.com, please contact our publisher, Brian Dean at 972-546-3740, or via email at publisher@otcpicks.com.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Disclosure: OTCPicks.com has been compensated up to six thousand dollars by a third party for SAOL advertising and promotional service. OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.