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Gold And Silver Mining Of Nevada, Inc., Finds Further Gold From Ore Samples From Initial Testing Of Latest Announced 31 Claims Assays

Top Quote Our ore processor recently supplied additional further confirmation of Gold and Silver being found in each samples tested and now several samples retested. This now demonstrates that we have further good results from the initial 7 claims areas we tested showing positive Gold and silver in each of 7dore results. End Quote
  • (1888PressRelease) August 20, 2014 - Las Vegas, NV - Gold & Silver Mining of Nevada, Inc. (PINK SHEETS: CJTF), a junior mining company in Nevada, announces additional confirmation of significant gold and silver in new mining claims.

    We have a good range of recovery from several of the claims as listed recently of between 5.27 grams of gold to 10.4 grams of gold per ton made from 714 pounds of concentrate from initial 1 ton test placer ore collected.

    The company and partners are now moving to begin a larger collection of sample placer ore amounts to widen our field of results.

    These gold values are verified by an experienced third party processor we have been using and our new claims in central Nevada will now follow a faster program to develop a inferred resource base for full scale operation.

    N. Fred Anderson of CJT Mining, Inc and Brian R. Collins of Collins Mining, each 50% co owners of the claims were both in the field and assisted in the sampling. CJT Mining, Inc. is a wholly owned subsidiary of Gold and Silver Mining of Nevada, Inc. (Stock symbol CJTF).

    We are very pleased with initial results said both owners of claims in our newest co-owned site. Anytime you can get approx 1/3 to 1/2 an ounce of gold from a 1 ton sample test collected in concentrate you are doing very well. With 31 claims and easy access to all we feel the area will be very rewarding.

    Update regarding the Note Receivable. On June 2, 2014 we announced information regarding a $12.5 million note receivable due in February 2015 with scheduled payments to start in approximately 90 days. The accountants and lawyers are working to pin down the exact timing of the scheduled payment dates. The important thing to announce here is that the due date for the note is Feburary 2015 any payments made after February 2015 would be late. We believe that the payments can all be made on time.

    Visit to our web site at http://www.goldandsilvermining.com and OTC Markets (CJTF) news and note the other news releases about production for 2014 as well (http://www.otcmarkets.com/stock/CJTF/quote).

    About Gold and Silver Mining of Nevada, Inc.
    We are a Gold and Silver Mining company focused on developing and bringing into production mining properties in Nevada, Arizona and California that are ready to come into production in the near future.

    For more information, please visit our web site and/or call N. Fred Anderson at: 801-679-3945.

    Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. This news release may contain forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. The risks and uncertainties to which forward looking statements are subject include, but are not limited to, the effect of government regulation, competition and other material risks.

    Contact:
    Gold and Silver Mining of Nevada, Inc.
    Investor Relations:
    N. Fred Anderson 801-679-3945

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