Mosquito Starts Metalurgical Testing at Cumo: Financial News

VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Oct 29, 2007 -- Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., Exploration Manager and Director of Mosquito (CDNX:MSQ.V - News) and Mosquito's qualified person under National Instrument 43-101 has informed the board that SGS (Lakefield) of North Vancouver have been selected to perform metallurgical testing on the three different mineralized zones at Pine tree. A total of 115 one quarter core samples will be collected from hole 27,28 and 29 and submitted to SGS. The samples represent the current average grade of the three different zones from all the drill holes namely:

 

Copper - silver zone       0.031% Mos2, 0.17% Copper and 4.20 grams Ag/T
Copper - molybdenum zone   0.068% Mos2, 0.12% Copper and 2.85 grams Ag/T
Molybdenum zone            0.177% MoS2, 0.03% Copper and 1.08 Grams Ag/T

In addition to copper, molybdenum and silver, concentrates and products will be analyzed for other significant metals including Rhenium, gallium and tungsten

SGS will perform the following studies and test work on each of the three different mineral zones (copper-silver, copper-molybdenite, and molybdenite) at Cumo:

 

SAG/ball milling benchmarking
Mineralogy
Flotation - including rougher and cleaner and lock cycle testing
Environmental including acid base accounting and tailings test

The program will take approximately 14 weeks to complete from the time of delivery of the samples and should give Mosquito an excellent idea of the expected metal recoveries, the type of concentrate products and the payable metals for the project.

It is anticipated that the results of the metallurgical test work and the upcoming 43-101 resource calculation will be used in a scoping study, which will be initiated in the spring of 2008. This study will outline the preliminary economics involved in the mining of the CUMO deposit and be used to control future drilling programs.

Currently Mosquito has two drills on the CUMO property: hole 30-07 drilled 575 feet south east of hole 19 (641.9 meters (2106 feet) grading 0.102%MoS2) has been completed to a depth of 2416 feet. It intersected molybdenum bearing mineralization from 148 feet to 2387 feet. Samples from the hole are currently being cut and should be delivered to the assay lab shortly.

The drill is currently moving to hole 33-07 located 560 feet south of the recently announced hole 31-07 (see news release October 16,2007). Hole 32-07, located on the same site as hole 28-06, orientated to the south, is currently at a depth of 1087 feet with a target depth of approximately 1800 feet.

In other news, diamond drilling as resumed on the Pine Tree property in Nevada. Currently there are two diamond drills on the property: Hole PT07-12 is currently at a depth of 1040 feet drilling to 2300 feet and hole PT07-13 is at a depth of 178 feet drilling to approximately 1800 feet.

Hole PT07-12 is a 550 foot step out from the last announced drill hole PT07-11 (384.8 meters (1259.5 feet) grading 1.01% Cu Eq.) (see news release July 10, 2007), it intersected the first molybdenum bearing vein at 635 feet. Hole PT07-13 is located a further 1000 feet north of hole PT07-12 and will be the first hole in what is locally known as Breccia valley, a very interesting area of what is interpreted to be a large area of degassing, resulting from hydrothermal fluids altering the limestone that hosts the Pine tree Deposit.

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

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.