Hidalgo Mining International, Inc. (HMIT) Announces Release of Financial Statements for FY 2008

NEW YORK, NY, Jun 10 (MARKET WIRE) --
Hidalgo Mining International Inc. (www.hidalgominingint.com) (PINKSHEETS:
HMIT), an innovative mining company headquartered in Port Washington,
N.Y., announced today that the Company has released their financial
statements for FY 2008. The consolidated financial statements have been
prepared by an independent CPA Firm and reported to Pink Sheets for
uploading and disclosure. The updated information is currently reflected
on the Pink Sheets website, www.pinksheets.com.

HMIT is currently working towards receiving a strong opinion letter from
the Company's legal counsel, which will qualify HMIT for "Current
Information" status eligibility with Pink Sheets. This will represent an
upward move to the second-highest level possible by Pink Sheets.

President Mark D. Klok commented, "These events mark a significant
milestone in HMIT's growth as a publicly traded company, while also
providing increased disclosure of management's continued efforts to build
the long-term viability of the company. We are pleased that we have now
taken the necessary steps to enhance our financial reporting, as well as
increased transparency to our shareholders."

DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

This release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such forward-looking
statements are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Statements in this news release
other than statements of historical fact are "forward-looking statements"
that are based on current expectations and assumptions. Forward-looking
statements involve risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by the statements,
including, but not limited to, the following: the ability of Hidalgo
Mining International to provide for its obligations, to provide working
capital needs from operating revenues, to obtain additional financing
needed for any future acquisitions, to meet competitive challenges and
technological changes, and other risks. Hidalgo Mining International
undertakes no duty to update any forward-looking statement(s) and/or to
conform the statement(s) to actual results or changes in Hidalgo Mining
International's expectations.

Contact:
Mark Daniel Klok
Hidalgo Mining International
(305) 778-8360
http://www.hidalgominingint.com/

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