Piedmont Mining Company Announces New Advisory Board Member

RENO, Nev.--(Business Wire)--
Piedmont Mining Company, Inc. (OTC BB: PIED) today announced that
V. Richard Rabbito will be joining the Company's new Advisory Board.
Mr. Rabbito has had more than 30 years of business experience,
primarily in Paris, London and New York, specializing in the funding,
growth and development of companies and businesses.

As Managing Director of The Overseas Development and Finance
Group, Mr. Rabbito focuses on the growth and development of small
public and private companies. Working with an extensive client base in
Europe and the U.S., he arranges financing, increases investor
awareness and facilitates cross-border relationships and strategic
alliances for clients.

From 1986 to 1999, Mr. Rabbito was with APR Associates, a
financial consulting firm, where he was responsible for new business
development, mergers and acquisitions and project financing. Prior to
that he was President of RJR International, an oil and ship consulting
firm, where he negotiated financings for shipping and petroleum
companies worldwide and cultivated an extensive network of
international clients. He was also involved with merchant banking, new
business ventures and was active with the N.Y. Futures Exchange.

From 1975 to 1980 he was with the French firm of Worms & Cie in
Paris, where he worked with their petroleum and shipping divisions and
subsequently built their U.S. operations. He expanded their European
client base and was involved in the purchase and sale of oil tankers
and the negotiation of petroleum contracts. From 1973 to 1975 he was
working with Lazard Freres where he was responsible for new business
development and worked with the Firm's major oil and shipping company
clients in Tokyo and London.

Mr. Rabbito is a member of the Harvard Business Investment Group
and the Financial Analysts and Money Managers Society and is connected
with various foreign consulates to augment business relationships.

Piedmont is an exploration-stage company, exploring for gold and
silver in Nevada. It has entered into agreements with experienced
exploration groups on 7 properties in Nevada. The Company had net
operating loss carry forwards of approximately $14,900,000 at December
31, 2007. Its Common Stock is traded on the OTC Bulletin Board under
the symbol: PIED.

FORWARD-LOOKING STATEMENTS: "Safe Harbor" Statement under the
Private Securities Litigation Reform Act of 1995: Statements relating
to the company's business activities and other statements in this
press release are forward-looking statements within the meaning of the
Securities Litigation Reform Act of 1995. Such statements are based on
current expectations and projections about the Company's business.
Words such as expects, anticipates, intends, plans, believes,
estimates and similar words and expressions are intended to identify
such forward-looking statements. These statements involve risks and
uncertainties that are difficult to evaluate. Actual results can vary
materially from the description herein due to many factors including
changes in metals prices; changes in business conditions; changes in
laws and regulations; unexpected difficulties in exploration and
obtaining permits; changes in the competitive environment;
technological advances; shortages of skilled workers, drill rigs and
equipment; the need for additional capital and other risks listed in
the Company's Securities and Exchange Commission filings under "risk
factors" and elsewhere. Forward-looking statements speak only as of
the date they were made. The Company does not undertake any obligation
to update forward-looking statements.

Piedmont Mining Company, Inc.
Robert M. Shields, Jr., 212-734-9848
or
Susan Hahn, 212-986-6286 (IR)
www.piedmontmining.com

Copyright Business Wire 2008