HispanicBusiness

BOISE, IDAHO -- (Marketwire) -- 02/07/13 -- The leadership team of the Boise National Forest (BNF) and Board of Directors of American CuMo Mining Corporation's (CuMoCo) (TSX VENTURE: MLY)(OTCQX: MLYCF) exploration team have responded to the Federal District Court's August 29, 2012, Memorandum of Decision and Order. The Boise National Forest will prepare a supplemental Environmental Assessment (EA) to undertake further analysis concerning groundwater hydrology relating to drilling explorations of CuMoCo at its CuMo Mineral Project, in remote Boise County.

On August 29, 2012, Federal District Court Judge, Edward Lodge, required that the Forest Service further clarify groundwater hydrology testing reported in the 2011 EA. Judge Lodge's decision was the result of a lawsuit brought by environmental groups challenging the agency's EA process and its Finding of No Significant Impact. Judge Lodge ruled in favor of the Forest Service regarding four of the five claims made by the environmental groups, and called for supplemental documentation on groundwater impact only.

"While the EA did include groundwater data related to the CuMo Project exploration, it needed to be presented in a more comprehensive manner," said Shaun Dykes, Chief Executive Officer of CuMoCo. "We look forward to providing additional information concerning the groundwater testing and to proceeding further with the Project."

The Forest Service will supplement the 2011 EA to include a detailed subsection discussing and analyzing the groundwater hydrology. The subsection will include evidence that supports the Decision Notice and Finding of No Significant Impact study previously issued by the Forest Service in 2011.

"CuMoCo is committed to a strong working relationship with the Forest Service and the communities of Idaho to advance this vital exploration program with our industry-leading environmental practices," said Dykes.

The CuMo exploration team has maintained best management practices with respect to groundwater, hydrogeology and environmental protection in conducting its federally approved activities on private and public lands during a successful exploration program in 2012. Exploration data is a critical determinant in assessing the financial investment needed to advance the Project.

"With the cooperation of the Forest Service, best management practices and vital support of the community, the CuMo Project should be able to progress. As CuMoCo works through these environmental assessments, I believe we will be able to reach our goal of bringing thousands of jobs to Idaho and billions of dollars of construction and development spending to the area," Dykes said.

ABOUT AMERICAN CUMO MINING CORPORATION

American CuMo Mining Corporation is a mining exploration and development company with a diverse portfolio of high potential precious and base metals projects, located in low political risk environments in North America.

The Company's primary focus is developing its Idaho-based CuMo Project, one of the world's largest