Markray Announces That It Has Made a Record Increase in Its Gold Production

CAMBRIDGE, Mass., Feb. 21, 2012 /PRNewswire/ -- Markray Corp (RVBR.PK) announced today that it has increased its gold production in the last quarter by 48%. This is in addition to the significant increase in production reflected in the previous quarterly report ending August 31, 2011.

The process to increase production was not difficult due to the fact that the rare  earth minerals have been previously mined and have been stockpiled awaiting separation and processing. There are no expensive mining procedures that have to be executed before attaining the minerals. No dangerous operations with explosives nor costly construction of underground galleries are required.

''This increase was expected following the application for permission to increase production'' states Olga Smolnikova, president. ''We added equipment and the team worked longer hours to obtain these results'' she added.

Olga Smolnikova confirms ''Our goal is to increase production to 200,000 ounces of gold per year and then double this amount with additional equipment.''

The current value of the reserves to be processed are:

About Markray

Markray is in the business of extracting  precious metals from stockpiles of raw material.  A geological audit of its current reserves concludes that there are the following minerals in the stockpile currently being processed:

The company plans to acquire additional facilities to increase its reserves. Each facility shall be processed by a unique modular plant. 

Contact:

Andrei Smirnoff
[email protected]

Forward-Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include the fluctuations in the price of gold and in the event of severe weather conditions. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE Markray Corp

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