Mosquito Reports 2192 Feet Grading 1.58% Copper Equivalent

VANCOUVER, BC - Mosquito Consolidated Gold Mines Limited reported excellent results from the fourth hole of the 2008 diamond drilling program for its Idaho-based CUMO molybdenum/copper project. The program is under the direction of Mosquito's Senior Geologist and Director, Dr. Matt Ball, Ph.D., P.Geo.
Hole 40-08 is an angle hole (-70) drilled to a depth of 686.4 meters (2252 feet), bearing 225 degrees azimuth from the same site as hole 28. The hole is designed to fill in a gap in the resource between holes 13 and 17 and to cross the Cricket Gulch fault (figure 1). Hole 40-08 intersected molybdenum bearing mineralization from 18.3m (60 feet) to 684.4m (2252 feet). Assay results returned include:
Hole 40-08       686.4 meters (2192.0 feet) grading 0.114% MoS2 
                 (1.58% Cu Eq.,  0.140% MoS2 Eq., 2.52 lbs MoO3 Eq/t)
Including        634 meters (1690 feet) grading 0.129% MoS2 
                 (1.74% Cu Eq.,  0.154% MoS2 Eq., 2.77 lbs MoO3 Eq/t)
The entire core for Hole 40-08 was sampled and cut in half using a diamond saw. Half the core was sent for analysis and the other half has been kept and stored at the core facility located on site. Following cutting, the samples were delivered directly by Mosquito personnel to either ALS Chemex or SGS Labs. They were first analyzed for 47 elements using a four (4) acid digestion with analysis by Inductively Coupled Argon Plasma Optical Mass Spectrometer (ICP-MS). Copper and Molybdenum bearing samples were then checked by using a larger five gram sample and analyzed using pressed powder pellet X-Ray Fluorescence Spectroscopy (XRF). In addition, duplicates, blanks, and standards were analyzed to ensure analytical accuracy and reproducibility. All rejects are being kept for further analysis and for use in metallurgical testing.
As with previous holes, the drilling of Hole 40-08 has confirmed the presence of three distinct metal zones within the CUMO deposit. This zonation was not recognized by the previous operators. The zones consist of a copper-silver upper zone, a transitional copper-molybdenum zone and a lower molybdenum zone.
The current CUMO inferred resource contains 2.89 billion pounds of molybdenum oxide (MoO3), 3.41 billion lbs of copper (Cu), 149.8 million ounces of silver (Ag) and 185.3 million lbs of tungsten (W) in 1.83 billion metric tonnes (2.01 billion tons).
The 2008 program is expected to complete fourteen holes, with the results being used to expand the existing 43-101 resource and to convert the majority of the current inferred resource to measured and indicated. The new resource calculation is expected in early 2009.
The company's address is Suite 100, 1616 West 3rd Avenue, Vancouver, BC V6J 1K2, (604) 689-7902, fax: (604) 689-7816.