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Mosquito Consolidated Announces Forest Service Issues Key Environmental Permit for CuMo Mineral Exploration

14.02.2011  |  Business Wire


The U.S. Forest Service announced today that it approved the request of
Mosquito Consolidated Gold Mines Limited, operating through its Nevada
subsidiary, Mosquito Mining Corp., to proceed with further exploration
activities on its mining claims in Boise County, Idaho, USA. Mosquito′s
claims have been shown to contain molybdenum, copper, and other metals.
The Forest Service signed a Decision Notice on February 11, 2011
approving a Plan of Operations for temporary road construction and
drilling activity in the Boise National Forest between Idaho City and
Garden Valley. The project, known as CuMo, is designed to determine
whether there is sufficient mineralization and adequate geological
characteristics to support a mine.


The Decision Notice completed action on an application for the
exploration activity filed by Mosquito on February 14, 2007. In the
intervening years, the Forest Service solicited public input and
undertook extensive environmental review culminating in the issuance of
an Environmental Assessment ('EA?) and a Finding of No Significant
Impact ('FONSI?). Last month, the U.S. Fish and Wildlife Service issued
its concurrence with the Forest Service′s Biological Assessment ('BA?)
finding that the exploration project is not likely to adversely affect
endangered or threatened species.


'We are pleased with the extraordinarily high level of effort the Forest
Service put into its rigorous environmental review. They left no stone
unturned and held us to the highest standards. That fits perfectly with
this Company′s commitment to environmental excellence,? said Shaun
Dykes, Exploration Manager of Mosquito and CuMo Project Manager.


The permit approval will allow Mosquito to build up to 10.2 miles of
temporary roads and drill up to 259 small-diameter exploratory holes
from 137 drill sites over a five-year period. The actual amount of road
and drill hole construction will depend on results encountered as the
exploration proceeds. Mosquito stated that it expects that the actual
road miles and number of drill holes will be substantially less than the
upper limit described in the EA.


The exploratory drilling will take place approximately 14 miles
northwest of Idaho City in an area already disturbed by mining activity.
Mosquito will post a bond sufficient to ensure reclamation of the
temporary roads and drill pads at the end of the project.


Mosquito announced that it intends to complete the approved exploration
activity on an expedited basis with the goal of completing a Feasibility
Study within two to three years.


Dykes emphasized that the information from the exploration activity will
enable the Company to assess the ultimate scope of the reserves and, if
they warrant actual mining, to determine a possible development plan.


Mosquito will be contracting with local providers to undertake the
technical support for the CuMo project. 'This is not a get in and get
out undertaking. If a mine is shown to be feasible after we complete
this exploration project, we anticipate undertaking environmental
measures to address the legacy of past mine activity by others. We will
help to improve this environmentally disturbed area, while bringing
hundreds of jobs to the nearby communities of Idaho City and Garden
Valley,? said Mr. Dykes.


'Obtaining this environmental permit for the CuMo exploration project is
a significant milestone for our Company. I would like to thank all of
the people on our team and in the community that have worked tirelessly
for four years to achieve this. The information gained from this
exploration phase will allow us to assess the situation and, we hope,
move forward to a Feasibility Study for the mine itself. This is good
news indeed for our shareholders,? stated Brian McClay, President of
Mosquito.


The CuMo project is named for the elements copper ('Cu?) and molybdenum
('Mo?). Molybdenum is rapidly becoming a critical metal in the
development of green technology and alternative energy. Two of the most
beneficial usages of molybdenum are in the cleaning of fossil fuels,
like diesel and gasoline, and in desalination plants for the delivery of
safe drinking water. Molybdenum is used principally as an alloying agent
in steel, cast iron, and super alloys to enhance hardening ability,
strength, toughness, wear, and corrosion resistance. Molybdenum plays a
significant role in contemporary industrial technology, which
increasingly requires materials that are serviceable under high stress,
expanded temperature ranges, and highly corrosive environments.
Moreover, molybdenum finds significant usage as a refractory metal in
numerous chemical applications, including catalysts, lubricants, and
pigments.


Mosquito has developed a new website specifically related to CuMo
exploration. It is located at www.cumoproject.com.


The Decision Notice / Finding of No Significant Impact ('DN/FONSI?)
together with the final Environmental Assessment are posted on the
Forest Service′s website at www.fs.usda.gov/boise.
Click 'Cumo Minerals Exploration Project.?


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 Canadian mining
exploration and development Company with a diverse portfolio of high
potential precious and base metals projects located in economically
sound and politically stable environments in North America. The
Company′s name derives from Mosquito Creek Gold Mining Limited which was
the Company′s name from 1971 to 1987.


Mosquito maintains low-cost operations, is well financed, and has little
debt. The stock is listed on the Toronto Stock Exchange ? Venture
(TSX-V) under the trading symbol MSQ. Mosquito holds four molybdenum
exploratory projects in the United States. In addition, the Company is
diversified with multi-element projects including significant gold
interests.


Mosquito′s primary focus is developing its Idaho-based CuMo project, an
exploratory effort that could involve one of the world′s largest
molybdenum deposits?a strategic metal that is proving to be instrumental
in pushing the limits of performance and tolerance in ecological,
high-temperature, corrosive, and other precision applications in science
and industry worldwide. 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.

Mosquito Consolidated Gold Mines Ltd.

Brian Mcclay, President

Tel:
604-689-7902

Fax: 604-689-7816



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