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Converge Global Annual Review and 2010 First Quarter Plans


Published on 2009-12-22 06:10:06 - Market Wire
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TORONTO, CANADA--(Marketwire - Dec. 22, 2009) - Converge Global, Inc. (the "Company") (PINK SHEETS:CVRG) released today its Annual Review in brief and 2010 first quarter plans.

Cornelia Volino, President of Converge Global, Inc. stated "This has been a very exciting and ambitious year for the Company as we redirected our focus towards the resources sector." Ms. Volino further stated "In 2010, we look forward to strengthening and further developing our mining and exploration projects, identifying expansion and diversification opportunities for our mining portfolio, and increasing shareholder value."

2009 Annual Review

- Acquired 100% ownership of the Eagle Nest Mining Property in La Paz County, Arizona and increased interest from 4 original claims to 25 total claims. Assay and concentration tests continue to support additional exploration, diamond-drilling program activities and further development.

- Acquired 100% interest in the Golden Teacup project in Cairo and Alma Townships, Ontario, Canada including 6 claims and a total of 2,680 acres West of Kirkland Lake

- Acquired 100% interest in the Golden Twist property claims in Powell Township, Larder Lake Mining Division, Ontario, Canada consisting of 7 claims

- Completed merger with Sparrowtech Resources, Inc.

- Established Advisory Board for Mining Operations and strengthened industry alliances

- Engaged Geological Engineer for Eagle Nest Mining Property

- Increased communications through online presence and investor relations support

2010 First Quarter Plans

- January 2010

Eagle Nest Mining Property:

-- Receive and review results of additional independent assay and concentration tests

-- Determine potential of pilot concentration processing program

-- Receive and review final Geological Report from Warren Hawkins, P. Eng. of Hawk Exploration Consultants

-- Identify potential diamond-drilling program and file permit applications as warranted

- February 2010

-- File Annual Report on Pink Sheets and upgrade listing status

-- Review exploration options for Golden Teacup project and Golden Twist property claims

-- Review and further develop corporate website

- March 2010

-- Eagle Nest Mining Property: Commence diamond-drilling program and pilot concentration processing program as warranted

-- Identify and explore potential additional acquisition and exploration opportunities

-- Expand Advisory Board as needed

About Converge Global, Inc. [ www.convergeglobalinc.com ]

Converge Global, Inc. is a junior mining company engaged in the acquisition, exploration and development of mining properties in North America containing principally gold as well as other precious metals.

Safe Harbor

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Converge Global, Inc. with members of its management team as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contributing Sources