São Luis Mining, Inc. focuses on bringing diamonds and precious metals to market. The Company participates in diamond and precious metals mining and exploration. Its strategy is to seek out and acquire mineral assets in North and South America. São Luis Mining has acquired the rights to a 35% joint venture interest that operates a producing diamond mine in Brazil and an option to acquire a 65% interest in a second diamond property. The Company continues to pursue both undeveloped and in production mineral assets.

Investment Highlights

Property

São Luis River Basin Diamond Project- Brazil

São Luis Mining Inc. has entered into an agreement to acquire a 35% Joint Venture Interest with SL Mineradora Ltda in its São Luis River Basin diamond mining operation. The Company has also entered into an Option Agreement, which provides for the Company to acquire a 65% joint venture interest in another undeveloped SLML diamond property of São Luis's choice.

The São Luis River Basin Diamond Project is located in the state of Mato Grosso in Brazil, approximately 30 kilometers from the town of Juina. The 1,889 hectare (4,666 acres) property has been in production since 2000 and has produced over 175,000 carats. The Department of Natural Mineral Production (DNPM) has documented 119,334 carats of diamonds that were produced from this property in 2004 and 2005.

The majority of the Company's investment in the joint venture will be used for additional mining equipment and the improvements to the mines infrastructure. The additional equipment will include two more flow sort diamond sorters. The mine currently has one flow sort working at full capacity which limits the quantity of diamonds that are produced. São Luis Mining believes that the addition of two more diamond sorters and the other planned improvements to the mining operation will increase production of the mine three fold within six months.

Markets

Diamond Market

The World Diamond Council says: Rough diamond mining companies produce annually some 114 million carats of rough, worth some $6.8-$7 billion, providing meaningful livelihood to some 2 million people working in the various stages of mining, processing, distributing and retailing, enabling the annual sale of some 67 million pieces of diamond jewellery worldwide. With new mines coming on-stream, others being expanded and some being closed, it is expected that by the year 2005 world production may increase to over 120 million carats worth some $8.9-$9.2 billion.

Gold Market

The recent unsteadiness of the markts has created fear in the international markets that the commodity industry has peaked. However, the strong demands for gold and metal will allow the prices to continue on a long term upward cycle.

Marketing

The Company has an existing mature distribution network for the production of its properties. These include buyers in the United States, Belgium, Israel, India, and the Republic of South Africa.
 

Recent News and Press Releases

Sao Luis Mining Names Jack Lake Its President and Board Chairman (June 14, 2006)

SmallCap Sentinel: Gold and Diamond Stock Investment Commentary Made Available (June 7, 2006)

Sao Luis Mining, Inc. Announces Joint Venture (June 6, 2006)

SAO LUIS MINING, INC. Announces Effective Date for Forward Split (May 30, 2006)

Sao Luis Mining Company Announces Forward Split (May 26, 2006)

Management Team

Jack Lake - Chairman & President

Lalit Kothari - Director

Carmine J. Bua, Esq. - Legal

Contacts

São Luis Mining, Inc.
Hughes Center
3960 Howard Hughes Parkway, Suite 500
Las Vegas, NV 89109
Phone: (702) 990-3797
Fax: (702) 990-3501
info@iceminers.com
 

FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Sao Luis Mining Inc. current expectations about its future results, performance, prospects and opportunities. Sao Luis Mining Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Sao Luis Mining Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

Disclaimer

AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Sao Luis Mining Inc. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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