Cleveland Mining Co Ltd

David Mendelawitz, Managing Director of Cleveland Mining (ASX:CDG) updates shareholders on the continued trading suspension and next steps for Cleveland Mining.

Cleveland Mining Company Ltd (ASX:CDG) is pleased to provide details of a small private placement made to existing sophisticated shareholders. $AU1.075M was raised through the issue of 17.9M shares @ $0.06 per share. The placement was co-ordinated by the Company, thus keeping costs to a minimum.

ASX-listed Cleveland Mining (ASX:CDG) aims to build a 5 million tonne per annum iron ore operation in northern Brazil after signing an Option Agreement over the Ferradura iron ore project. A review of existing drilling information by mining consulting group SRK confirmed the project's potential to hold a mineral resource of several hundred million tonnes of hematite and magnetite mineralisation.

Cleveland Mining Company Limited (ASX:CDG) is pleased to announce the results of recent drilling at the O Capitão Gold Project targeting the Dona Maria Garimpo. The Company has discovered significant gold-bearing mineralisation located less than 10 kilometres from Cleveland's Premier Gold Project.

Cleveland Mining Company Limited (ASX:CDG) is pleased to announce the appointment of Mr. Russell Scrimshaw to the Board as a Non-Executive Director. It is anticipated that Mr Scrimshaw's extensive experience in both mining and finance will greatly contribute to the Company's immediate activities and its long-term development.

Australian Market Report of March 18, 2011 includes: Cleveland Mining Company Limited (ASX:CDG) has signed a binding Letter of Intent to acquire and develop the El Chapo de Canela gold project in central Chile; RMG Limited (ASX:RMG) has acquired Kamarga Zinc project; Gold Road Resources Limited (ASX:GOR) Yamarna Project exceeds 1 million ounces of gold; Coalworks Limited (ASX:CWK) has completed Phase 1 drilling at Ferndale Coal Project.