Chester Mining Company Acquires 50% Interest in Tesorito Project in Mexico

  
    
  
  
    
      Chris England, President of Chester Mining Company (“Chester”) 
      (Pink Sheets:CHMN) is pleased to announce that the Chester has signed an 
      agreement to acquire a 50% interest in the Tesorito project from 
      Sterling Mining Company (“Sterling”) 
      (OTC: SLRM).
    
    
      The Tesorito project area encompasses 287.2 acres; is accessible by 
      paved highway; is located near the historic Malagros property in the 
      state of Zacatecas, Mexico and includes the El Tesorito Mine. The main 
      silver vein at El Tesorito Mine is traceable on the surface for 1100 
      metres (3600 ft). It is 2.5 metre (8.2 feet) wide widening to 5.0 metre 
      (16.4 feet) at a depth of 80 metres (262 feet) as indicated by surface 
      trenches, shafts and limited workings. There are two 800 metre (2520 
      feet) deep shafts located at either end of the 1100 metre main vein. The 
      mineral inventory, estimated by prior operators, is historical in nature 
      and requires further verification in order for it to be relied upon.
    
    
      Mr. England stated, “The Tesorito project 
      represents an excellent exploration opportunity especially in view of 
      the fact that the property has not been explored using modern methods. 
      Initially, we intend to conduct a program of diamond drilling, mapping 
      and sampling to identify additional exploration targets and better 
      define the current resource.”
    
    
      Chester Mining acquired its 50% interest in the project for US $1.2 
      million, which has been paid through the issuance of 600,000 restricted 
      shares of Chester Mining Company common stock to Sterling.
    
    
      About Chester Mining Company.
    
    
      Chester Mining Company, founded in 1900, is a unique silver royalty and 
      exploration company whose primary asset is the Chester property which 
      has been leased to Sterling Mining Company (OTCBB: SRLM) as part of that 
      Company’s Sunshine Mine property. Chester 
      Mining Company has approximately 2.9 million shares outstanding, 
      positive working capital and no debt.
    
    
      For further information visit the Company’s 
      website at www.chestermining.com 
      or contact: