Mosquito Consolidated Gold Mines Limited Announces Agreement With SMH Capital Inc.

VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: MSQ) announces today that it has entered into a formal agreement with SMH Capital Inc., the broker-dealer subsidiary of Sanders Morris Harris Group (NASDAQ: SMHG) to participate in the SMH Capital Market & Liquidity Services program designed to provide high-quality, small-cap companies with access to a broader potential investor base.

Mosquito, an exploration mining company, is among the first corporations to benefit from the new SMH Capital program which will provide in-depth communication with the investment community, trading monitoring, capital-markets advice, in-depth qualitative reports and monitor Mosquito's shareholder base.

The relationship with SMH Capital will be incorporated into a program of investor awareness and project financing of the portfolio of properties currently under development by Mosquito.

This Press Release is subject to Regulatory approval.

On Behalf of the Board Mosquito Consolidated Gold Mines Limited

Brian McClay, President

About Mosquito Consolidated Gold Mines Limited

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, the world's largest un-mined open pit molybdenum deposit, and its Nevada-based Pine Tree copper-molybdenum-silver project. For more information, please visit www.mosquitogold.com.

About SMH Capital Investment Banking

SMH Capital Investment Banking Group is a division of SMH Capital Inc. (member FINRA/SIPC) the broker-dealer and largest subsidiary of Sanders Morris Harris Group (NASDAQ: SMHG). SMH Capital Investment Banking Group is a full-service investment bank providing middle-market companies with private placements and public offerings of equity and debt securities, as well as financial-advisory services in connection with mergers and acquisitions, restructuring and recapitalizations. SMH Capital Investment Banking Group provides a full spectrum of investment banking services, including raising capital, research coverage, creating liquidity, trading and market making, merger and acquisition advisory services, sales support, and investor conferences. For more information go to www.smhib.com.

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.

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.

Contacts: Mosquito Consolidated Gold Mines Limited Brian McClay President (604) 689-7902 (604) 689-7816 (FAX) Website:www.mosquitogold.com

American Cumo Mining Corporation (TSXV:MSQ)
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