Cline Mining Corporation T.CMK

Dream Target / Drilling Soon

[Mine_Professor]

Cline stated in its recent annual report; it plans to drill the following targets as shown in the press release below. This drilling should start soon.

 

Do not be scared by the big boys playing with the stock price, because they own over 50% of Cline. They need an exit plan, and they will not get it by selling Cline down. This tells you they are trying to buy more shares.

 

When you get scared, just remember the recent take over of Quinto Mining by Consolidated Thompson for $150 million, on an indicated recourse of 300 million tonnes of Iron and (LOL) at the price manipulation.

We also own many other significant projects. If you deduct cash in the bank, from market cap, Cline is selling for $20 million. (LOL) dirt cheap. Lossan has over 200 million tons of coal.

You have to be crazy to sell, just because the big boys are putting large blocks on the ask side. 

If this type of price action scares you, I recommend you buy mutual funds to protect your family money. 

You have to realize the big boys are on the bid and the ask and they squeeze are scare you with the help of posters who make scary comments.

Cline is probably worth twice as much as Quito. This indicates Cline is worth over $3.50 per share. Relax are time will come when the big boys are ready to exit at $3 per share.

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CLINE IDENTIFIES NEW HIGH DENSITY GRAVITY ZONES ON BEKISOPA IRON

PROPERTIES IN MADAGASCAR      Sudbury, Ontario, July 30, 2007.

Cline Mining Corporation (“Cline” or the “Company”) (TSX: CMK) is

pleased to announce the results of the work carried out by Dr. Allan Spector on recently acquired iron

properties in southern Madagascar.

The Company, through its subsidiary Iron Ore Corporation of Madagascar SARL (“IOCM”), owns the

Bekisopa iron ore property in south Madagascar and has been evaluating other iron prospects and related

development opportunities in conjunction with its strategic partners, Mitsui Matsushima and ThyssenKrupp.

The original Bekisopa permit covers an area of 25 square kilometres and has an extensive database of earlier

exploration and test work prepared separately by BRGM, the French Government exploration company, the

United Nations (Development Program) and the Government of Madagascar. The Company has recently

acquired the exclusive exploration rights (Autorisation Exclusive De Reservation De Perimetre Minier) from

the Madagascar Government covering an additional area of approximately 2,900 square kilometres to the

west and south of the Bekisopa iron deposit, the objective being to increase the existing resources to the level

of a world scale iron ore mine.

In June 2007 the Company completed an extensive investigation of geophysical airborne and ground surveys

of areas west and south of Bekisopa to identify prospective geophysical features. Dr. Allan Spector, a

Qualified Person for the purposes of National Instrument 43-101, carried out the ground geophysical

investigations on the identified airborne anomalies and has now presented his report (the “Spector Report”).

Dr. Spector carried out 21 detailed gravity and magnetometer surveys on approximately 60 km of lines.

Four prospective anomalies were located. Beki 2 and Beki 3 are in the neighbourhood, parallel to, but

separated from the historic Bekisopa iron deposit (Beki 1).

The Spector Report states that “The results shown (in Figure 5) demonstrate that the observed gravity features

can be attributed to 3 high density zones, Beki 1, Beki 2 and Beki 3 each having a density contrast of 1.5gm/cc (iron formation versus quartzite) and each having a thickness of 50m. The bodies may be composed of varying blends of magnetite and non-magnetic hematite. Beki 3 is blind, iron formation is not evident at surface. The bodies are structurally controlled by a synformal structure. The gravity data was used to estimate total mass;

Beki 1 = 575 million tons

Beki 2 = 575 million tons (assuming strike length of 5000m)

Beki 3 = 575 million tons (assuming strike length of 5000m)
Total  =  1,725 million tons

Adopting the 150m level as the cut-off for open pit mining, the estimated total mass of the combined

deposits is estimated to be 560 million tons.

The other geophysical prospects, zones C and F which lie 20 and 25 km southwest of Bekisopa, are described

as follows:

 

“2.9 Zone C

The data shown in Figure 4.9 appears to indicate a prospective iron zone, 3000nT magnetic relief and 1 mgal

gravity anomaly. Thin bedded iron formation is observed in outcrop.”

“2.10 Zone F

A very prospective zone is indicated by the data in Figure 4.10; a 3 mgal gravity anomaly associated with 4500 nT relief. The geophysical features are strikingly similar to that observed over Bekisopa, i.e. a synformal structure.”

Summary and recommendations of the Spector Report:

“In the Bekisopa Area we have identified 4 new iron prospects, Beki 2, Beki 3, Zone C and Zone F. These prospects  merit drill testing to determine their economic significance.”

The Company proposes to carry out the recommended drilling and exploration on its new Bekisopa area

properties.

With respect to the original Bekisopa iron ore deposit owned by the Company (referred to as Beki 1 in the

Spector Report), the data base reports the iron formations as being primarily magnetite with iron grades

across the deposit at between 25 per cent and 65 per cent, averaging 45 per cent and the alluvial lateritic

surface part of the deposit at grades of between 40 per cent and 65 per cent iron. The results reported

include extractions in the order of 70 per cent by magnetic separation with an additional flotation unit. The

United Nations data indicates that the resource tonnage of the deposit could approach 150 million tonnes,

amenable to extraction by open pit methods.

The Company cautions that the resources referred to above are historical in nature, were compiled prior to

the adoption of NI 43-101 and therefore are not compliant with NI 43-101 requirements. While the

Company believes these historical results provide an indication of the potential of the property and are

relevant to ongoing exploration, the Company has not independently analyzed the findings of the reports and

no reliance should be placed on the findings of such reports.

The technical information contained in this News Release has been prepared and approved by Dr. Allan

Spector a Qualified Person for the purposes of National Instrument 43-101.

Cline Mining Corporation is a mine development company focused on the exploration and development of

uranium and iron-ore in Madagascar, gold in Canada and metallurgical coal in Canada for the international

seaborne coal trade market.

CLINE MINING CORPORATION