Ardent Mines Limited has acquired Gold Hills Mining Ltda., a Brazilian corporation which owns mineral rights on four properties located in Northeastern Brazil, comprising a total area of approximately 3,500 Hectares.

The properties are collectively known as the “Serra do Ouro” project.  The Gold Hills properties are located in Teixeira County, in the State of Paraiba, and Itapetim County, in the State of Pernambuco.

Under the agreement for the acquisition, Ardent Mines has acquired 100% of all the issued and outstanding equity interests of Gold Hills.  The Company plans to commence an exploration campaign at the Gold Hills properties as soon as reasonably possible.

The properties for which Gold Hills owns mineral rights were previously explored by the CPRM, an agency of the Brazilian Government.  The highlight of these properties is a highly mineralized vein of over 13 kilometers in length, where the CPRM identified intersections with gold grades of up to 10 g/t.

These observations have been confirmed in the sample analysis and other geological work conducted by Gold Hills.

Ardent Mines has also retained SRK Consulting (SRK) to conduct a technical analysis on the Gold Hills properties. SRK has completed a preliminary analysis of the available data for Gold Hills as well as a visit of the property in mid-April.

The preliminary assessment of SRK is consistent with the conclusions reached by Ardent Mines’ geologists on the merits of the project and the potential gold content of the property.

Mr. Leonardo Riera, Ardent Mines’ President and CEO commented that the acquisition represents a significant step for Ardent Mines. Ardent Mines believes its shareholders will greatly benefit from the acquisition of the asset, mineral rights that could serve as the key first step in the Company’s creation of a thriving junior mining company, said Riera.

Riera further reiterated that it’s also reassuring to know that the views of its geologists, as well as those of a highly reputable firm of the caliber of SRK, coincide on the potential of Gold Hills.  Riera said the successful international mining companies have also acquired mining rights to large areas around the Gold Hills property.

Mr. Luciano Borges, a seasoned geologist, former National Secretary of Mines of Brazil, and member of Ardent’s Board of Directors, has been appointed as the new President of Gold Hills Mining.

Ardent Mines is positioning itself to develop mining operations throughout the world, with a strong emphasis on Latin America.  

10th May 2011