Mosquito Consolidated Gold Mines Limited - Mosquito Completes NI 43-101 Resource on CUMO Deposit of 2.89 Billion Pounds of Molybdenum Oxide

3.41 Billion Pounds of Copper and 149.8 Million Ounces of Silver

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 10, 2008) - Mosquito Consolidated Gold Mines Limited (TSX VENTURE: MSQ) -

Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., Exploration Manager and Director of Mosquito and Mosquito´s able being beneath National Instrument 43-101 is admiring to address the after-effects of a new 43-101 adjustable absolute mineral ability appraisal for the CUMO porphyry molybdenum-copper bead amid in Idaho. Giroux Consulting, an independent, internationally accustomed mineral industry consultant, affected the estimate. Results are a cogent advance on the celebrated ability originally affected in 1981 by AMAX and covers alone a allocation of the mineralizing arrangement articular to date.

The NI 43-101 adding confirms that the CUMO bead contains:

2.89 billion pounds of molybdenum oxide(MoO3),

3.41 billion lbs of Copper (Cu),

149.8 actor ounces of argent (Ag) and

185.3 actor lbs of tungsten(W)

within an accepted Mineral Resource of 2.01 billion bags (1.83 billion metric tons).

The 2.01 billion ton mineral ability is disconnected into two apparatus based on blow grades:

See addendum

It should be noted, Mosquito´s appraisal after-effects aswell announce the attendance of cogent quantities of Rhenium and Gallium, which due to the abridgement of actual assays could not be estimated at this time.
Importantly, the Giroux appraisal aswell shows the attendance of college brand assets in the capital Cu-Mo and Mo zones:

See addendum

These higher-grade assets will potentially facilitate accelerated accretion of basic costs during the aboriginal years of a accessible all-embracing mining operation.
Giroux Consultants were called to complete the 43-101 adjustable ability appraisal at CUMO, because of their all-encompassing plan on ample burden accessible pit and underground accessible primary molybdenum projects throughout the world. A abstruse address account the ability appraisal will be filed on SEDAR aural the next 45 days. The specific breakdown of Inferred Mineral Resources for the CUMO bead aloft capricious absolute grades is archival in Table 1.

Giroux´s appraisal is based on assignment amount appraisal after-effects from 4,959.2 meters (16,270.2 feet) of conduct in 8 holes completed by Mosquito in 2006 and 2007 and 10,980.7 meters (36,025.8 feet) in 22 design assignment holes completed by AMAX amid 1971 and 1981. Due to mineral zonation the bead was breach into three mineral zones: a Cu-Ag area abreast apparent allocation bottomward into a Cu-Mo area and assuredly into a Mo zone. Cu and argent were accomplished aural the Cu-Ag and Cu-Mo Domains while MoS2 and W were accomplished in the Cu-Mo and Mo domains. The brand administration for anniversary capricious was advised in anniversary area with aberrant top grades capped. Uniform 20 ft. composites were formed that accustomed the boundaries of the 3 brand zones. Semi variograms were run for anniversary capricious and isotropic models were fit to the data. Grades for anniversary capricious were amid into 50 x 50 x 50 ft. blocks by accustomed kriging. Specific gravities were acquired from assignment amount and boilerplate ethics were activated to anniversary domain.

Mosquito has embodied that the CUMO ability consists of about 20% of a abundant beyond mineralized arrangement covered by the acreage (also accepted by AMAX in 1981). This is aswell accepted by Giroux´s ability adding in that the accepted geological block archetypal absolute about 50% of the mineralizing arrangement has a absolute of 264,510 blocks in the Cu-Ag zone, 255,668 in the Cu-Mo and 189,914 in the Mo zone. Giroux affected 71,218 blocks (27%) in Cu-Ag, 106,344 blocks (42%) in Cu-Mo and 98,532 blocks (52%) in the MO area for a absolute of 39% of the blocks in the geologic archetypal or 19.5% of mineralized system. A ample allocation of the 2008 assignment affairs will be focused on conduct in the areas of the adventitious blocks (see absorbed figure).

To appearance Figure 1 "2008 43-101 Resource Calculation Area (20% of the Total Defined Mineralized Zone" amuse bang on: media3.marketwire.com/docs/msq0310.jpg

CUMO is agreeably amid in southwestern Idaho in an abundantly logged, celebrated gold placer and lode mining area, readily accessible from adjacent above centers of Idaho City and Boise.

Mineralization consists of copper, molybdenum, silver, tungsten, rhenium and gallium. As a aftereffect of the multi-element attributes of the mineralization, Mosquito absitively to cover both a chestnut and molybdenum agnate for the ability table. Both equivalents are appropriate as the bead is benumbed as declared in antecedent columnist releases and in the ability tables. See addendum below table for account of the adding of chestnut agnate (Cu Equiv.), MoS2 agnate (MoS2 Equiv.). The attendance of the by-product elements copper, silver, tungsten, rhenium, and gallium are actual cogent in agreement of the development of the property.

CUMO has an accomplished agreement for actual low amount open-pit mining. The blubbery mineralization is actual connected with about no centralized decay and is assiduous over a ample across barometer 2 km by 3 km. Mineralization begins appropriate at the basement apparent which is covered alone by a attenuate band of dissipate and broken bedrock alignment from 4 to 20 meters thick, advertence the bead will accept an almighty low band ratio. The bead is currently 500-600 meters blubbery and accessible to the south, east and west.

Immediate affairs for the CUMO bead are, to advance the assignment ambit for analogue of abstinent and adumbrated resources, complete the advancing metallurgical analysis work, complete the ecology appraisal for the conduct permit, abide conduct to ascertain the abounding admeasurement of the bead and aggrandize the college brand area encountered in the 2007 southernmost drilling, complete a basic sizing/scoping abstraction that will facilitate the alpha of ecology abject band abstracts for the abundance allowing action and aggregate engineering abstracts for specific mine, comminute and basement design.

Dr. Matt Ball, Ph.D., P.Geo., a able Person (NI 43-101), a Director and Senior Geologist of Mosquito is authoritative the analysis affairs at CUMO, including the above ascendancy and affirmation program. Logging and sampling is completed at Mosquito´s defended ability at Garden Valley, Idaho. The absolute HQ bore amount was sampled and cut in bisected application a design saw. Half the amount is beatific for analysis, the added bisected has been kept and stored at the amount facility. Following acid the samples are delivered anon by Mosquito cadre to ALS Chemex in Elko, Nevada, a absolutely accepted analytic laboratory. They are aboriginal analyzed for 47 elements application a four (4) acerbic assimilation with appraisal by Inductively Coupled Argon Plasma Optical Mass Spectrometer (ICP-MS). Copper and Molybdenum address samples are again arrested by application a beyond 5 gram sample and analyzed application apprenticed crumb pellet X-Ray Fluorescence Spectroscopy (XRF). In accession duplicates, blanks, and standards are analyzed to ensure analytic accurateness and reproducibility. All rejects are accepting kept for added appraisal and for use in metallurgical testing.

Drill aperture area maps, an outline of the CUMO bead and mineralized zone, and a complete blueprint of cogent intersections from the CUMO assignment programs to date may be begin on Mosquito´s web website at www.mosquitogold.com.

Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., Exploration Manager and Director of Mosquito is the appointed able being for the CUMO Project, and able the abstruse advice absolute in this account release.

On Behalf of the Board

MOSQUITO CONSOLIDATED GOLD MINES LTD.

Brian McClay, President

This account absolution was able by administration who takes abounding albatross for its contents.

Annex: www.directnewsroom.de/servlets/LoadBinaryServlet/2290225/...

The TSX Venture Exchange does not access albatross for the adequacy or accurateness of this release.

Contacts:
Mosquito Consolidated Gold Mines Limited
Brian McClay
President
(604) 689-7902
(604) 689-7816 (FAX)
Website: www.mosquitogold.com

The advertisement was broadcast by Hugin.
The issuer is alone amenable for the agreeable of this announcement.