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/ CORRECTION - Michigan Gold Releases Probable Zinc (Zn) Reserves of the Anita Mine

Posted on: Monday, 5 June 2006, 12:01 CDT

In the news release, "Michigan Gold Releases Probable Zinc (Zn) Reserves of the Anita Mine" issued earlier today by Michigan Gold Mining Investments, Inc.(PINKSHEETS: MGGV), we are advised by the company that the 2nd sentence of the 3rd paragraph should read "The average tonne from the Anita ore body over the 227,000 MT defined ore body would contain 125 lbs. of Zinc or approximately $187.50 per Metric Tonne. " rather than "The average tonne from the Anita ore body over the 227,000 MT defined ore body would contain 125 lbs. of Lead or approximately $187.50 per Metric Tonne." as originally issued, and the word "orebody" should be "ore body" throughout the release. Complete corrected text follows.

06/05/2006 -- Michigan Gold Mining Investments, Inc. (PINKSHEETS: MGGV) is pleased to announce the probable Zinc (Zn) reserves in the Anita mine.

As reported by Professional Engineer Mauro Espinoza Aguayo (June, 2006), "Contiguous with the silver in the 227,000 Metric Tons of ore, 3,182, 200 probable reserves of silver and 15,911 Metric Tonnes of Lead (Pb), there is an addition to the above minerals, a 13,638 Metric Tonnes deposit of probable Zinc reserves. This translates into 5.8% Zinc over the 227,000 ore deposit at the Anita mine."

Zinc currently trades at approximately $1.50 per pound. The average tonne from the Anita ore body over the 227,000 MT defined ore body would contain 125 lbs. of Zinc or approximately $187.50 per Metric Tonne.

President and CEO Ben Fuschino asserted, "This Zinc deposit puts an exclamation point on an already extremely rich ore body. This added value to the Anita ore body is quite exciting for us here at Michigan Gold."

Further, Mr. Fuschino added, "Explosive growth in the Far East economies has ensured solid demand for lead and Zinc as well as other industrial metals.

Other sections of the 325-hectare property (approximately 810 acres) have been unexplored. At the present time, MGGV has a geologist on the property. The geologist is compiling a report on how best to test these unexplored areas.

Michigan Gold anticipates total probable reserves of various precious and industrial metals in the Anita Mine to be significantly viable.

The Anita Mine is situated in the southern part of Peru, three miles SW from the Barrick's gold mine, Arequipa.

About Michigan Gold Mining Investments, Inc.

Michigan Gold Mining Investments, Inc. is an American junior mineral exploration company presently in the process of developing mineral assets in North and South America. Michigan Gold currently retains a one hundred percent (100%) title to a Platinum/Palladium prospect in Northern Ontario, named the 'Deadmoose Lake' property.

Michigan Gold also holds an option on the Anita Mine in Peru. This mine is expected to have workable deposits of precious and industrial metals. Michigan Gold is now in the process of defining these potential deposits.

Michigan Gold is committed to the accumulation and development of unhedged precious and industrial metal deposit sites in both North and South America.

The company is of the opinion that the bull market in metals is a trend that will continue over a generation. The current low levels in Global Inventory in most metals and, most importantly, longer-term strategic considerations originating from high-growth oriented economies in China, India and other Eastern nations has placed extreme pressure on pricing in the metals markets. These factors, coupled with the weakness of the US Dollar due to the USA's large budget and current account deficits, may support historically high dollar prices in metals for many years to come.

Major metals miners have hedged most producing properties and cannot strongly benefit from rising price trends over the near term. This places junior miners in a very advantageous position. As properties are proven and production is ascertained to be feasible, the ability of Michigan Gold Mining Investments to profit from these historically high metals prices should come to fruition.

Michigan Gold Investments, Inc. (PINKSHEETS: MGGV) is listed on the OTC market and has commenced the process of becoming a full reporting US company.

Forward-Looking Statement

The information contained herein regarding risks and uncertainties, which may differ materially from those set forth in these statements, in addition to the economic, competitive, governmental, technological and other factors, constitutes a "forward-looking statement" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, the Private Securities Litigation Reform Act of 1995. While the Company believes that the assumptions underlying such forward-looking information are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the forward-looking information will prove to be accurate. Accordingly, there may be differences between the actual results and the predicted results, and actual results may be materially higher or lower than those indicated in the forward-looking information contained herein.

 Contact: Investor Relations 989-509-5908  

SOURCE: Michigan Gold Mining Investments, Inc.

Source: MARKET WIRE

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