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 June 01, 2009
Mosquito Engages Engineering Firm for CUMO Preliminary Economic Assessment
 Vancouver, June 1, 2009 - Mosquito Consolidated Gold Mines Limited (Mosquito -- TSX Venture: MSQ) is pleased to announce that it has engaged Ausenco Minerals of Vancouver to produce a 43-101 compliant Preliminary Economic Assessment for its Idaho-based CUMO molybdenum/copper project.

The Ausenco group of companies, headquartered in Brisbane, Australia with an office in Vancouver, British Columbia, provide world-leading engineering, project management and operations solutions to global resource, energy and process infrastructure industries. The company has a workforce in excess of 2,500 people in more than 30 offices across 13 countries.

The purpose of the preliminary economic assessment is to provide an independent economic analysis that will outline several possible options in regard to the further development of the CUMO project. The work will consider four different mining and treatment rates: 50,000,100,000, 150,000 and 200,000 tons per day, when developing preliminary pit designs, scoping-level tailings disposal and waste rock sites, power and water requirements, housing and access, mine scheduling, order of magnitude mine plant and tailings, capital cost and operating costs. Results will be published as a series of tables and graphs for various metals prices and mining rates outlining potential capital and operating costs, net present values (NPV), internal rate of return, payback periods and cost per pound of product.

Recommendations will be included as to what is considered the optimum starting mine and processing rate for the deposit. In addition, the results of this study will aid in establishing the economic viability of the CUMO project and will be used to determine the additional drilling required to enable the calculation of a mineable measured and indicated reserve that would support a minimum mine life of 40 years. Once this drilling is complete and the reserve calculated a full feasibility analysis can commence.

CUMO mineral deposit currently contains a NI 43-101 compliant, 1.3 Billion tons indicated and 2.25 Billion tons inferred of open-pit accessible multi-element mineralization. This includes: in the indicated category 1.8 Billion pounds of 'moly' (molybdenum oxide), 2.1 Billion pounds of copper, 90.8 Million ounces of silver and 123.5 Million pounds of tungsten, with an additional, in the inferred category, 2.3 Billion pounds of 'moly' (molybdenum oxide), 3.3 Billion pounds of copper, 143.8 Million ounces of silver and 158.9 Million pounds of tungsten.


Mr. Shaun M. Dykes, M.Sc. (Eng), P.Geo., Exploration Manager and Director of Mosquito is the designated qualified person for the CUMO Project, and prepared the technical information contained in this news release.

On Behalf of the Board
MOSQUITO CONSOLIDATED GOLD MINES LTD.


Brian McClay
President


About Mosquito Consolidated Gold Mines

Mosquito Consolidated Gold Mines Limited 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 and Australia. The Company's primary focus is developing its Idaho-based CUMO project, one of the world's largest molybdenum deposits, and its Nevada-based Pine Tree copper-molybdenum-silver project. For more information, please visit www.mosquitogold.com



THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX-VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release includes certain statements that express management's expectation or estimates of future performance and may be deemed "forward-looking statements". These forward-looking statements include plans, estimates, forecasts and statements as to management's expectations regarding the CUMO Project. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially. For these reasons shareholders should not place undue reliance on such forward-looking information.

United States residents are cautioned that some of the information that may be published by Mosquito may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information.
 
 

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