SREH secures Canadian mining company with operations in Central and South America
TORONTO, ONTARIO- December 16, 2010- Strategic Rare Earth Metals, Inc. (pinksheets: SREH) announces today that it has acquired Nicaragua Gold Corp., a Canadian gold exploration and mining company with primary operations focused in Nicaragua and South America.

Operations in Nicaragua are taking place in the country’s RAAN (North Atlantic Autonomous Region), specifically along the border of what has been named the Golden Triangle of Nicaragua, a sector renown for prolific gold production. The region includes the three districts of Bonanza, Rosita and Suina, adjacent to the Risco de Oro Mine, where neighboring companies, Yamana and Calibre Mining are currently working.

As reported in an article earlier this year, the country’s mining industry looked to double its gold exports in 2010, its main destinations being the United States and Canada. The Central Bank of Nicaragua revealed that in 2009 the...