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Haynes Capital Corp. to Represent Dahabu Resources' Tanzanian Gold Properties.


DAR-ES-SALAAM, Tanzania -- Haynes Capital Corp. today announced that it has signed an exclusive agreement with Dahabu Resources and Mining Co. Ltd. (DREMCO) to represent Dahabu in negotiations for its Tanzanian gold properties, including the "Makongolosi A" property in the Lupa Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. . Haynes Capital's services will include assisting DREMCO in financing, acquisition, mergers, or joint venture activities.

"Tanzania is one of the most exciting gold exploration areas in the world, and we are very excited to team up with DREMCO, which has both extensive local knowledge and very interesting prospecting licenses," commented Richard Gallo of Haynes Capital Corp.

The "Makongolosi A" property is a 50sq km area located in the Lupa Goldfields, the second largest gold field in Tanzania, and is near the Saza mine which was recently acquired by Helio Resources (TSX-V:HRC HRC Human Rights Campaign
HRC Human Rights Council (UN)
HRC Human Rights Commission
HRC Hard Rock Cafe
HRC Hillary Rodham Clinton (democratic senator/presidential candidate; former first lady) 
). Independent consulting geologists have confirmed samples ranging up to 102g/t Au in the property. The Lupa Goldfields site is now becoming a major target for exploration. More information on the property can be found at: www.tanzania.haynescapital.com/makongolosi

"The Lupa Goldfields have significant potential, as shown by the amount of attention the area is getting from numerous gold exploration companies. Working closely with Haynes Capital, we are confident we will be able to secure the resources needed to develop these properties to their full potential," commented Mr. Jason Kessi, President of DREMCO.

DREMCO is a Tanzanian company operating since 1996 that focuses on developing gold resources in the Lupa Goldfields in Tanzania's Mbeya Region Mbeya is one of Tanzania's 26 administrative regions. The regional capital is Mbeya. It is bordered to the northwest by Tabora Region, to the northeast by Singida Region, to the East by Iringa Region, to the South by Zambia and Malawi and to the West by Rukwa Region. . Previous production of gold in the area totaled over 800,000 oz. to 1966 when mining ceased due to an extended experiment with a centrally planned economy planned economy neconomía planificada

planned economy néconomie planifiée

planned economy n
, which lasted until the 1980s. Since then, dramatic changes in government policy and the reintroduction of market principles have resulted in the rapid development of the industry. Tanzania, even though only partially explored, is already the third largest producer of gold in Africa.

AngloGold Ashanti (NYSE NYSE

See: New York Stock Exchange
:AU), Barrick Gold/Placer Dome (NYSE:ABX ABX Antibiotics
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ABX Albury, New South Wales, Australia - Albury (Airport Code)
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), and Resolute (ASX ASX

See: Australian Stock Exchange
:RSG RSG Revenue Support Grant (UK)
RSG Recovery Storage Group (Microsoft Exchange)
RSG Ready, Set, Go!
RSG Regional Support Group
RSG Research Study Group (NATO) 
), amongst others, have established major operations in the country. In five years, the value of the country's gold production increased more than 20-fold to $650 million per year. The newly elected President of Tanzania, President Jakaya Kikwete, himself a former mining minister, has pledged to continue to develop the mining industry in the country.

About Haynes Capital Corp

Haynes Capital Corp. assists clients in accessing capital and investment opportunities. Services include corporate finance strategies, investor awareness programs, strategic business development, and financial market intelligence. More information can be found at www.haynescapitalcorp.com
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Publication:Business Wire
Date:Apr 19, 2006
Words:427
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