N@N

Spectrum Announces Possibility of High Grade Gold Deposits

^{Published on 2010-10-13 06:11:20 - Market Wire}
 

AUSTIN, Texas--([ BUSINESS WIRE ])--Spectrum Acquisition Holdings, Inc. (Pink Sheets: SPAH), a growing mining exploration, technology and services organization, announces the possibility of high grade gold deposits on its Graham Gulch Gold Mines.

Spectrum Acquisition Holdingsa™ subsidiary Avalon Perspectives LTD, LCC recently purchased The Graham Gulch Gold Mines in Siskiyou County, California. Since the purchase various evaluations of the land have been made and will continue to be made. The land looks very promising and there seems to be a good possibility of potential high grade deposits.

Spectrum Acquisition Holdings CEO Dale Henry comments, aThe Salmon River is one of the richest river systems in America. Quite a bit of mining has been done in this region and still is being done, with enormous success. Lode veins have been mined here till 1940, and have been known to have high grade pockets. World War II put a financial damper on the world, and they stopped mining this region shortly there after. Luckily for us this means little prospecting has been done since the 1940s, leaving untapped veins for us to explore.a

About Spectrum Acquisition Holdings, Inc. (SPAH.PK)

Spectrum Acquisition Holdings is executing a three-pronged strategy for growth. The Company is acquiring interests in high quality, low-risk gold projects with past production and sizeable resources. Spectrum is developing technology solutions to enable more sustainable, smaller footprint mineral exploration, production and processing. Spectrum is also pursuing acquisitions of mining sector service companies including operators, mine site service providers, equipment manufacturers, geology firms and technology developers.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. SPAH has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect SPAHa™s current beliefs and are based upon information currently available to it.

Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the SPAHa™s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. SPAH undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.