Mosquito Consolidated Gold Mines Limited Joins OTCQX

NEW YORK - April 7, 2011 (via Thenewswire.ca) - OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world's largest electronic marketplace for broker-dealers to trade unlisted stocks, today announced that Mosquito Consolidated Gold Mines Limited (TSX.V: MSQ; OTCQX: MQCMF), a Canadian natural resource exploration and development company, is now trading on the OTC market's highest tier, OTCQX®.

Mosquito Consolidated began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.

"OTCQX companies demonstrate their commitment to providing superior information to investors and maintaining the highest quality standards," said R. Cromwell Coulson, President and Chief Executive Officer of OTC Markets Group. "We are pleased to welcome Mosquito Consolidated to OTCQX."

Berenbaum Weinshienk PC will serve as Mosquito Consolidated Gold's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on OTCQX requirements and compliance with U.S. securities laws.


About Mosquito Consolidated Gold Mines Limited

Mosquito Consolidated Gold Mines Limited (TSX.V: MSQ; OTCQX: MQCMF) trades in the United States on OTCQX under the symbol "MQMCF". Mosquito Consolidated Gold Mines Limited is a Canadian natural resource exploration and development company with a diverse portfolio of precious and base metals projects in North America. Mosquito Consolidated owns a 100% interest in Kirkness Diamond Drilling Inc. of Carson City, Nevada.


About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink™ (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

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 and Australia. The Company's primary focus is developing its Idaho-based CUMO project, one of the world's largest molybdenum deposits, and its Nevada-based Pine Tree copper-molybdenum-silver project. For more information, please visit www.mosquitogold.com



THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. 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

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


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