HASBROUCK HEIGHTS, N.J., September 5, 2013 - (ACCESSWIRE) - All Grade Mining (OTCBB: HYII), a development-stage company focused on the extraction of iron ore, today announced that the Company has finalized the acquisition of the Plateada Copper Sulfide Project, a 90 hectare property located approximately 55 kms southeast of Ovalle, Chile in the commune of Combarabala.

All Grade Mining decided to acquire the Plateada Project from its primary contractor, Foreign Commerce Consulting, after the property produced 500 tons per month of high grade copper sulfide and superficial copper oxides while showing a considerable presence of other trace elements such as gold and silver over the past two years.

Management anticipates the Plateada project will become cash flow positive within seven to nine months. Upon initial production of the Plateada Project, All Grade Mining will actively seek to contract services from a third party mill previously utilized by Foreign Commerce, whereby the Company can produce pure concentrate from mined copper sulfide. This would generate additional cash flow by eliminating significant transportation and production costs.

Within approximately 90 days, the Company expects to receive all necessary sales permits from Enami, the National Mining Corporation of Chile. During this period, geologists and engineers will perform detailed technical evaluation of the project to determine the most effective way to expand and excavate the property. Following the technical evaluation process, All Grade Mining will solicit, evaluate and select the necessary contactors to begin working closely on the project with the team previously employed by FCCS.

Gary Kouletas, CEO of All Grade Mining, commented, "We are very excited to finalize the acquisition of the Plateada Project and will immediately begin all of the evaluation and permitting processes necessary to begin producing copper sulfide and other precious metals that we believe are abundant on this property. All Grade Mining will continually update shareholders on milestones reached for this project as we expect it will become cash flow positive within the next three quarters."

About All Grade Mining, Inc.

All Grade Mining is a development-stage company whose mission is to acquire mining concessions in all phases, all sizes and all minerals. The Company is currently focused on the extraction of iron ore in South America, primarily in Chile and has established an experienced team of executives and mining professionals to lead its exploration and excavation efforts.

For more information please visit:  http://www.allgrademining.com/

Safe Harbor Statement This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. Theseforward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: 888-959-7095 ir@allgrademining.com

Source: All Grade Mining