PATERSON, N.J., July 11, 2008 (PRIME NEWSWIRE) -- Quest Minerals & Mining Corp.
(OTCBB:QMNM) (Frankfurt:QMNB), a Kentucky based operator of energy and mineral
related properties, is very pleased to announce that its contract mining group,
Whitestar Mining, LLC., is in the process of taking the initial steps necessary
to open the Cedar Grove mines. Representatives from both Quest and Whitestar
plan to convene over the weekend to finalize all terms of the mining agreement.
Whitestar CEO Dan Hampton has agreed to begin the initial phases of licensing
including the preparation of relevant state and federal paperwork. "The Cedar
Grove mine is in far better shape than our Pond Creek location prior to its
rehabilitation. While it took five months to rehabilitate Pond Creek, we
anticipate bringing Cedar Grove online in a far timelier manner. With production
now running smoothly at Pond Creek, we are able to shift our focus towards
bringing Cedar Grove into production mode. In addition, the mining conditions at
the new site are ideal. The seam is 50 inches in height and very little rehab
work is expected to be required prior to begin mining. I know that Cedar Grove
will be a great mine," Said Whitestar CEO Dan Hampton.
Eugene J.Chiaramonte Jr. President of Quest Minerals and Mining Corp. stated, "I
am extremely pleased with Whitestar's ability to produce coal at our Pond Creek
location and have absolute confidence in their ability to bring our Cedar Grove
property online in the near future. Initial reports reveal that the Cedar Grove
mines house a higher quality, higher value Met coal than what is currently being
prospected at Pond Creek. In response to this finding, I am very excited about
the opportunity to bring this mine into full production and enter into a new and
lucrative segment of the coal market by doing so."
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and
mineral related properties in the southeastern part of the United States. Quest
focuses its efforts on properties that produce quality compliance blend coal.
For more information on Quest Minerals & Mining Corp., please visit our website
at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Although Quest believes the expectations reflected in such forward-looking
statements are based on reasonable assumptions, it can give no assurances that
its expectations will be achieved. Factors that could cause actual results to
differ from expectations include, but are not limited to, lack of revenue
producing operations, lack of working capital, debt obligations, judgments and
lien claims against Quest and certain of its assets, difficulties in refinancing
short term debt, difficulties identifying and acquiring complementary
businesses, fluctuations in coal, oil & gas, and other energy prices, general
economic conditions in markets in which Quest does business, extensive
environmental and workplace regulation by federal and state agencies, other
general risks related to its common stock, and other uncertainties and business
issues that are detailed in its filings with the Securities and Exchange
Commission.
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CONTACT: Outcast Communications
Investor Relations
Keith Reinhardt
858-509-9900, ext. 13
