Piedmont Mining Company Reports on Annual Meeting of Stockholders

RENO, Nev.--(Business Wire)--
Piedmont Mining Company, Inc. (OTC BB: PIED) held its annual
meeting of stockholders on Monday, August 25, 2008 in Sacramento,
California. Proxies representing approximately 63% of the outstanding
shares were returned and voted at the meeting. Accordingly, a quorum
was established for the transaction of business.

More than 99.6% of the proxies returned voted in favor of the five
Directors standing for re-election, an overwhelming show of support
for management. Likewise, more than 99.6% of the proxies returned also
voted in favor of the appointment of Dale Matheson Carr-Hilton LaBonte
LLP as the Company's independent registered public accounting firm for
its next fiscal year.

Since two-thirds of the shareholders were required to vote in
favor of reincorporating the Company in Nevada and proxies
representing only 63% of the shares were returned, the Company will
remain a North Carolina corporation.

The currently depressed market conditions for junior gold stocks
were discussed as well as the acute shortage of physical gold and
silver.

Piedmont is an exploration-stage company, exploring for gold and
silver in Nevada. It has entered into agreements with experienced and
respected exploration groups on 7 properties in Nevada. It
participates through funding exploration costs utilizing highly
skilled people only on an as needed basis thus minimizing G&A costs.
It can drop properties that don't meet expectations. The Company's
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. and are based on current
expectations. Words such as expects, anticipates, intends, plans,
believes, estimates and similar words and expressions are intended to
identify such forward-looking statements that involve risks difficult
to evaluate. Actual results can vary due to many factors such as
changes in metal prices, business conditions, the competitive
environment, laws and regulations; problems encountered in exploration
and obtaining permits; 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
www.piedmontmining.com
or
Investor Relations:
Maria Da Silva, 877-261-4466

Copyright Business Wire 2008