RFI Receives Operations Update.HAMILTON, Bermuda -- Resource Finance & Investment Limited ("RFI (Radio Frequency Interference) High-frequency electromagnetic waves that emanate from electronic devices such as chips. RFI - Radio Frequency Interference ")(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :RFIVF) is pleased to announce it has received a comprehensive review of the status and progress achieved on the Oregon Mineral Sands project to November 30. The report was released on December 5th by Industrial Minerals Corporation Ltd to the Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. ("ASX ASX See: Australian Stock Exchange ") The full press release can be obtained at http://www.industrialmineralscorp.com.au/ The report covers the work undertaken during the year with respect to market development for some of the minerals expected to be produced from the project, pilot plant commissioning, contracting of main plant engineering and current timeline for estimated main plant completion. Industrial Minerals Corporation Ltd was listed on the ASX in November 2006 and trades under the symbol "IDM (1) See identity management. (2) (Integrated Device Manufacturer) A company that performs every step of the chip-making process, including design, manufacture, test and packaging. Examples of IDMs are Intel, AMD, Motorola, IBM, TI and Lucent. ". RFI owns approximately 55% (fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. ) of IDM together with approximately 31% of Cadillac Mining ("CQX-TSX.V") and 100% of Dynamex Corporation. These ownership interests respectively provide RFI with a participation in Industrial Minerals development (USA), precious metal exploration (Canada) and a zinc zinc, metallic chemical element; symbol Zn; at. no. 30; at. wt. 65.38; m.p. 419.58°C;; b.p. 907°C;; sp. gr. 7.133 at 25°C;; valence +2. Zinc is a lustrous bluish-white metal. It is found in Group 12 of the periodic table. focused exploration program (USA). Legal Notice Regarding Forward Looking Statement This press release contains "forward looking statements" including forward looking statements as that term is defined in Section 27A of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. Statements in this press release which are not purely historical are forward looking statements and include any statements regarding beliefs, expectation or intentions concerning the future. Forward looking statements in this press release include, but are not limited to statements regarding the Corporation's anticipation that the Mineral Claims will prove to be economically viable on a going forward basis, and the Company's anticipation that it can successfully raise the capital necessary to acquire and exploit the Mineral Claims, with or without an equity offering. It is important to note that the Corporation's actual outcomes may differ materially from those in forward looking statements contained in this press release. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations and intentions will prove to be accurate. Readers should refer to the risks disclosures in the Company's public filings with the Securities and Exchange Commission. |
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