ELGIN MINING INC. TO COMMENCE TRADING ON THE TSX VENTURE EXCHANGE

TORONTO, Nov. 3 /CNW/ - Elgin Mining Inc. ("Elgin" or the "Company") is pleased to announce that the TSX Venture Exchange (the "TSXV") today issued a bulletin announcing the listing of the common shares of Elgin effective at the opening of trading on Thursday, November 4, 2010.  As previously announced, Elgin's common shares will be de-listed from the Toronto Stock Exchange concurrent therewith.  The Company's common shares will be listed on the TSXV under its current symbol "ELG". 

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.

FORWARD-LOOKING STATEMENTS

Certain information set forth in this press release contains "forward-looking statements", and "forward-looking information" under applicable securities laws.  Except for statements of historical fact, certain information contained herein constitutes forward-looking information which includes the commencement of trading of Elgin's shares on the TSXV and management's assessment of Elgin's future plans and are based on Elgin's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect.  Some of this forward-looking information may be identified by words such as "intends", "expects" "anticipates", "believes", "projects", "plans", and similar expressions.  These statements are not guarantees of future performance and undue reliance should not be placed on them.  Such forward-looking information necessarily involve known and unknown risks and uncertainties, which may cause Elgin's actual performance and results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking information.  There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.  Elgin undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws.  The reader is cautioned not to place undue reliance on forward-looking information.

Neither the TSX Venture Exchange nor its regulation services provided (as that term is defined in the policies of the TSX Venture Exchange) Accepts responsibility for the adequacy or accuracy of this release.

For further information: