U.S. Forest Service Rejects Appeal
of Environmental Assessment Permit
Vancouver, Canada, May 17, 2011. -
Mosquito Consolidated Gold Mines (TSX.V: MSQ; US OTCQX: MQCMF -
"Mosquito" or the "Company") today announced that the U.S.
Forest Service, Intermountain Region, has rejected the appeal of the
Environmental Assessment for the CuMo Exploration
Project. This decision provides authorization for Mosquito to begin its
exploratory drilling program in early June 2011 on National Forest land about
14 miles northwest of Idaho City, Idaho.
"We are pleased to be able to move forward with the exploration,"
said Shaun Dykes, CuMo project manager. "It will
provide valuable information about the nature of the mineral deposit and also
create at least 50 jobs in the Boise County area throughout the summer. The
Forest Service's environmental specialists and their consultants have done a
very thorough job on the Environmental Assessment. This analysis has reaffirmed
that the proposed activities would have no significant impact on the
environment, including water resources in the region."
According to Mr. Dykes, "The exploration will be carried out to comply
with all of the Forest Service's protective requirements. If exploration
someday leads to mine development, we intend to carry out substantial
restoration work on lands that were already heavily mined in past years by
other companies."
Last month, Mosquito announced that the Company's preliminary site exploration
has determined the potential for six billion tons of rock containing
molybdenum, copper, silver and tungsten. This resource estimate, if confirmed
by future scientific measurements through exploratory drilling, would be one of
the largest concentrations of combined minerals of this type in the world.
CuMo's exploration is expected to begin in June 2011
on approximately 2,900 acres of the Boise National Forest. The exploration will
involve construction of up to 10.2 miles of temporary roads and up to 137 drill
sites.
Since the summer of 2010, when the Environmental Assessment was released for
public comment, the CuMo project team has held onsite
information sessions with environmental groups, conducted public hearings and
established a website for project updates at www.cumoproject.com. Mosquito pledges to continue to
work with community, civic and environmental groups to carry out its
exploration project within the spirit and letter of the environmental laws. If
the exploration proves the feasibility of a mine, the Company will continue to
work with all stakeholders to develop a sustainable and potentially beneficial
economic project that will bring prosperity for many years to come to the
region.
Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., Exploration
Manager and Director of Mosquito is the designated qualified person for the CuMo Project, and prepared the technical information
contained in this news release.
On Behalf of the Board
MOSQUITO CONSOLIDATED GOLD MINES LTD.
Brian McClay
President
About Mosquito Consolidated Gold Mines
Mosquito Consolidated Gold Mines Limited is a mining exploration and
development company with a diverse portfolio of high potential precious and
base metals projects, located in low political risk environments in North
America. The Company's primary focus is developing its Idaho-based CuMo project, one of the world's largest molybdenum
deposits. For more information about the company, please visit www.mosquitogold.com and www.cumoproject.com
THIS NEWS RELEASE WAS PREPARED BY
MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX-VENTURE
EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
This news release includes certain statements that express management's
expectation or estimates of future performance and may be deemed
"forward-looking statements". These forward-looking statements
include plans, estimates, forecasts and statements as to management's
expectations regarding the CuMo Project. These
forward-looking statements involve assumptions, risks and uncertainties and
actual results may vary materially. For these reasons shareholders should not
place undue reliance on such forward-looking information.
United States residents are cautioned that some of the information that may be
published by Mosquito may not be consistent with United States Securities and
Exchange Commission disclosure rules and may be materially different from what
the Company is permitted to disclose in the United States and therefore United
States residents should not rely on such information.