CHEYENNE, WY, Nov. 21 /PRNewswire-FirstCall/ -- Equitable Mining Corp. (EQUITABLE), a resource company trading on Frankfurt Exchange: E5W and as EQBM on PinkSheets.com today passed a resolution by the board of directors regarding the dividend, warrants of SOMA Petroleum Limited (SOMA) payable to EQUITABLE shareholders of record date December 1, 2006. The dividend will comprise of 1 common share of SOMA Petroleum Limited for every 50 shares of EQUITABLE owned by the holder, along with 1 warrant expiring on January 11th, 2007 and a second warrant expiring on February 10th, 2007 all subject to a four (4) month hold exercisable as determined by the board of directors and an evaluation. SOMA Petroleum along with EQUITABLE are currently reviewing finalization of several key and strategic deals related to the resources market. SOMA is expecting to file for a listing on an exchange prior to November 30th, 2006. About EQUITABLE Equitable Mining Corporation is a rapidly expanding company focused on acquiring, exploring, developing and extracting mineral rights worldwide. Projects include the Bonanza Property in Canada's high-yield Red Lake Gold Camp, an acquisition in progress in Colombia, a memorandum of understanding for a precious metals mine in China, and ongoing acquisition programs in mineral-rich areas of North America, South America and Australasia. The company is leveraging its deep industry expertise and extensive contacts to recruit mining industry veterans and expand its search for quality gold and other precious metals-bearing properties in the Americas and Australasia. For more information visit http://www.equitablelifeinvestments.com/. Information presented in this newsletter contain "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "projects," "foresee," "expects," "will," "anticipates," "estimates," "believes," "understands" or that by statements indicating certain actions "may," "could," or "might" occur. DATASOURCE: Equitable Mining Corp. CONTACT: Larry Skolnik, (416) 410-3995

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