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News


CEDAR MOUNTAIN SELLS CEDAR CREEK PROPERTY, FOCUSES ON ALASKA


June 16, 2010

Edmonton, Alberta.  Cedar Mountain Exploration Inc. (“Cedar”) is pleased to announce that it has sold its 100% interest in two mineral claims totalling 1,453 hectares located in south central British Columbia and commonly known as the “Cedar Creek Property” to Spanish Mountain Gold Ltd. (TSXV:SPA) for the sum of $500,000 cash.

Proceeds from the sale will fund Cedar’s exploration of its Kelly Creek gold project located on the Seward Peninsula in Alaska’s gold prolific Nome mining district.  Kelly Creek is a drill-permitted early-stage gold exploration property comprising 32,640 acres (13,209 hectares).  Historic results indicate the presence of a sediment-hosted gold deposit which has historically recorded placer gold production in excess of 5 million ounces. Please refer to Cedar’s announcements of March 26 and April 8, 2010 for more information on the project.

Cedar is a member of the Discovery Group of Companies: www.discoveryexp.com

For more information contact:

Charles Chebry, B.Sc., CMA
Chief Executive Officer
Cedar Mountain Exploration Inc.
Tel: (403) 283-0001
Email: [email protected]
David Clarke, M.Sc., P.Geol.
Vice President, Exploration
Cedar Mountain Exploration Inc.
Tel: (604) 805-1998
Email: [email protected]

Website: www.cedarmountainexp.com

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.