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Pele Mountain Engages Advisor for Strategic Process to Separate Gold Assets from Eco Ridge Mine Rare Earths and Uranium Project

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Symbol: GEM Listing: TSX Venture Exchange Common Shares Outstanding: 133,938,746 TORONTO, July 21, 2011 /PRNewswire/ - Pele Mountain Resources Inc. (TSXV: GEM)( OTCQX: GOLDF) ("Pele" or the "Company") announced today that it has engaged Foundation Opportunities Inc. ("FOI") of Toronto,

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