Stockguru.com: Wits Basin Precious Minerals Inc. is in the StockGuru Spotlight for June 23, 2009

DALLAS, TEXAS : StockGuru announces that Wits Basin Precious Minerals Inc. (OTCBB: WITM)is in the StockGuru Spotlight. Wits Basin is a minerals exploration and development company. We own a past producing gold mine in Colorado known as the Bates-Hunter Mine, a 35% equity interest in Kwagga Gold (Barbados) Limited, which holds rights to the FSC gold project located in South Africa, a 50% equity interest in China Global Mining Resources (BVI) which owns an iron ore mine and processing plant in China, and certain rights in the Vianey silver project in Mexico. We do not claim to have any mineral reserves at the Bates-Hunter Mine, the FSC or the Vianey properties.

On Monday, the company out out news announcing the following information regarding the development of its business. The Company announced today that project investments to date by strategic partners to the Company relating to opportunities in the People's Republic of China have cumulatively exceeded $60 million. The Company has been diligently working to maximize its opportunities in China through its joint venture China Global Mining Resources as described in the previously released shareholder letter dated May 26, 2009.

Shares for Wits Basin Precious Minerals Inc. (OTCBB: WITM) were up during the late afternoon of trading on MOnday and closed slightly higher at closing.

To view our StockGuru Spotlight on Wits Basin Precious Minerals Inc. (OTCBB: WITM), please visit:

http://www.stockguru.com

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