Ardent Mines Limited announced the expansion of its mining interests in Brazil with the purchase of Gold Hills Mining Ltd. The firm announced it had reached an agreement upon binding and exclusive terms to acquire Gold Hills Mining Ltda., a Brazilian corporation with mineral rights on four properties located in Northeastern Brazil. Gold Hills Mining Ltd’s four properties make up a total area of approximately 3,500 Ha. Post the takeover, the properties will be collectively known as the "Serra do Ouro" project, said Ardent Mines.

According to Ardent Mines, the Gold Hills properties are in a gold bearing shear zone that hosts a 14 km trend of highly mineralized veins. Some of the areas have gold grades in the 10 gr/MT range, with underground galleries (built by the CPRM, an agency of Brazil's Ministry of Mines), shafts, and gold-bearing tailings with average grades in the 1-3 gr/MT range. The properties are however yet to be fully evaluated, said the firm. Gold Hills has secured all mineral rights, and has conducted preliminary geochemical and geophysical work on this area.

Ardent Board Member Mr. Luciano de Freitas Borges said the Geology of the area has very high potential. In addition to historical information derived from prior gold production developed by artisanal miners as well as exploration work previously undertaken by the Brazilian Government, recent geochemical and airborne geophysical surveys provide strong indications that the main vein zone may contain over 1 million ounces of gold and possibly more, said Borges.

The geophysical data also strongly suggests the existence of ancillary veins parallel to the already identified main gold bearing zone with the same geophysical signature, reiterated Mr. Borges.

The Gold Hills properties are located in the Brazilian States of Paraiba and Pernambuco. Under the terms of the deal, Ardent will engage in a new survey drilling program during the first 12 to 15 months after the closing of the acquisition, which is expected to occur in March of 2011.

Mr. Leonardo Riera, Ardent's Chief Executive Officer, commented that the acquisition of these valuable mineral rights, where gold extraction was previously performed, is a unique and extraordinary opportunity for Ardent Mines.  He added that the firm intends to continue its efforts to identify and acquire other valuable assets for its shareholders.

Ardent is an exploration stage company, and is presently researching and negotiating acquisitions, acquiring financing and assembling staff.

19 Jan 2011.