VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 7, 2008) - In regards to recent comments published by news media agencies, Baja Mining Corp. (the "Company") (TSX:BAJ) clarifies that it is in confidential discussions with a number of industry partners in regard to the funding of the El Boleo Project, Santa Rosalia, Baja California Sur, Mexico. Other than the transactions that have already been announced by the Company to date, no further financial agreements have been entered into at this time.
ON BEHALF OF THE BOARD OF DIRECTORS OF BAJA MINING CORP.
JOHN W. GREENSLADE, PRESIDENT
John Greenslade, President
Some of the statements contained in this release are forward-looking statements, such as statements that describe the Company's expectation of completion of construction financing and other statements. Since forward-looking statements are not statements of historical fact and address future events, conditions and expectations, forward-looking statements by their nature inherently involve unknown risks, uncertainties, assumptions and other factors well beyond the Company's ability to control or predict. Actual results and developments may differ materially from those contemplated by such forward-looking statements. Material factors that could cause actual revenues to differ materially from those contained in such forwarding-looking statements include (i) fluctuations on the prices of copper, cobalt, zinc and manganese, (ii) interpretation of contract terms, (iii) accuracy of the Company's and consultants' projections, (iv) the Company's ability to finance, receive permits for, obtain equipment, construct and develop the El Boleo Project, (v) the effects of weather; operating hazards; adverse geological conditions and global warming, (vi) impact of availability of labor, materials and equipment; and (vii) changes in governmental laws, regulations, economic conditions or shifts in political attitudes or stability.
These forward-looking statements represent the Company's views as of the date of this release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Baja Mining Corp.
(604) 629-5228 (FAX)