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<DIV><FONT face=Arial size=2>Company: Sao Luis Mining, Inc.</FONT></DIV><FONT
face=Arial size=2>
<DIV><BR>Exchange & Symbol: Other OTC: SAOL.PK</DIV>
<DIV><BR>Shares Outstanding: 44,833,400</DIV>
<DIV><BR>Current Price: $0.75 !UP BY 0.50 IN A WEEK!</DIV>
<DIV><BR>Targeted 10 Day Price: $2.25</DIV>
<DIV><BR>Industry: Diamond Mining & Precious Mineral Exploration</DIV>
<DIV><BR>Website: <A href="http://www.icemining.com">www.icemining.com</A>
</DIV>
<DIV><BR>RECOMMENDATION: STRONG BUY</DIV>
<DIV> </DIV>
<DIV><BR>SAO LUIS MINING, INC. ESTABLISHES MAJOR FOOTHOLD IN THE DIAMOND MINING
INDUSTRY</DIV>
<DIV><BR>Sao Luis Mining, Inc. is well positioned to become a major supplier of
diamonds to the international diamond cutting centers and diamond dealers
worldwide. The prices for diamonds continue to rise. The demand surpasses the
supply and recent studies have shown that this shortage will continue to grow.
Due to civil unrest in many of the producing African countries, international
mining companies from around the world are aggressively seeking the acquisition
of producing properties in Brazil. <BR>The initial phase of the Company’s
business plan strategy is the final acquisition of the 35% joint venture
interest with SL Mineradora LTDA in its Sao Luis River Basin diamond mining
operation, as well as securing the 65% option for an additional SL Mineradora
property. This will insure the position of Sao Luis Mining becoming a dominant
player in the region and allow the Company to continue to focus on maximizing
shareholder value. <BR>The properties are part of a 30,000 hectare (74,000 acre)
diamond mining portfolio located in Juina, Mato Grosso, Brazil. The exploration
rights are presently held by SL Mineradora LTDA., the joint venture partner. The
Company plans to reinvest profits from revenues into additional properties from
the SL Mineradora portfolio.<BR>The Sao Luis River Basin Project is located in
the state of Mato Grosso in Brazil, approximately 30 kilometers from the town of
Juina. The joint venture property covers an area of 1889 hectares (4,666 acres)
and has produced hundreds of thousands of carats of diamonds since production
commenced in 2000. The Department of Natural Mineral Production (DNPM) has
documented that 119,334 carats of diamonds were produced from this property in
2004 and 2005. <BR>The majority of the Company’s investment in the joint venture
will be used for additional mining equipment and improvements to the mine’s
infrastructure. These planned improvements to the mining operation should
increase production three fold within 6 months.<BR>The property has had
extensive geological surveys, the most recent being in 2005. The report stated
that the estimated resource of the area, involving only the first level of
sedimentary deposits, which includes gravels mineralized with diamonds, totaled
over 12,695,000 carats with an estimated wholesale value of $320 million. These
numbers represent only a portion of the diamond gravels on the property and are
expected to at least double after the additional geological testing that will
accompany the expansion of the existing mining operation.<BR>Sao Luis Mining,
Inc. will market the diamonds from the joint venture. The Company has an
existing distribution network for the production of its properties. These
include buyers in the United States, China, Belgium, Israel, India, and the
Republic of South Africa. Numerous international buyers have already contacted
the Company to purchase the production.</DIV>
<DIV><BR>Visit the website at <A
href="http://www.icemining.com">www.icemining.com</A> and see the actual photos
of the mine’s operation. </FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2><FONT size=1>All material herein was prepared by MG
Capital Partners. (MG) based upon information believed to be reliable. The
information contained herein is not guaranteed by MG to be accurate, and should
not be considered to be all-inclusive. The companies that are discussed in this
opinion have not approved the statements made in this opinion. This opinion
contains forward-looking statements that involve risks and uncertainties. This
material is for informational purposes only and should not be construed as an
offer or solicitation of an offer to buy or sell securities. MG is not a
licensed broker, broker dealer, market maker, investment banker, investment
advisor, analyst or underwriter. Please consult a broker before purchasing or
selling any securities mentioned herein. MG has been compensated by a 3rd party,
who also intends to sell shares into the market; for the preparation and
dissemination of this opinion. MG has been compensated 16,500 free trading
shares for SAOL. MG intends to sell its shares. MG has sold
approximately 15,000 SAOL shares to date. MG's affiliates, officers,
directors and employees may also have bought or may buy the shares discussed in
this opinion and may profit in the event those shares rise in value. MG will not
advise as to when it decides to sell and does not and will not offer any opinion
as to when others should sell; each investor must make that decision based on
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