ELGIN MINING ANNOUNCES NEW CHIEF FINANCIAL OFFICER

TORONTO, Nov. 25 /CNW/ - Elgin Mining Inc. (TSX-V: ELG) (formerly Phoenix Coal Inc.) ("Elgin" or the "Company") is pleased to announce the appointment of Brian Morales as Chief Financial Officer, succeeding the Company's current Chief Financial Officer, Dustin Angelo, who will be resigning from the Company effective November 30, 2010. 

Elgin's Board of Directors wishes to thank Mr. Angelo for his contributions to Elgin, especially during the Company's transition out of the coal business and the relocation of the Company's headquarters to Toronto.  The Board wishes Mr. Angelo well in his future professional and personal endeavours.

Prior to joining Elgin, Mr. Morales held a finance position with Kinross Gold Corporation and prior to that he was employed in equity research with Credit Suisse Securities (Canada) Inc., covering the precious metals sector.  Mr. Morales holds a Bachelor of Business Administration from York University and is a Canadian Chartered Accountant.

About Elgin Mining Inc. (formerly Phoenix Coal Inc.)
Elgin Mining Inc. is located in Toronto, Ontario and is currently evaluating the potential acquisition of assets in the global natural resource sector.  For additional information, visit www.elginmining.com.

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