VIRGINIA CITY, Nev., May 20, 2011 /PRNewswire/ -- Comstock Mining Inc. (the "Company") (OTCBB: LODE) announced today that it will hold its 2011 Annual Meeting of Stockholders on Thursday, June 23, 2011, at the Gold Hill Hotel in Gold Hill, Nevada. The meeting will begin at 9:30 a.m. with an expected duration of two hours. Additionally, the company will hold informational presentation sessions and mine tours on June 22, 2011, at Gold Hill Hotel and its holdings in the Comstock Lode District. Events will begin each day at 8:00 a.m. and details will be made available on our website. Shareholders planning to attend are required to register online at http://www.comstockmining.com/investors/investor-relations The record date for the Annual Meeting will be June 7, 2011. Only stockholders of record at the close of business on June 7, 2011, may vote at the meeting. The company anticipates making its proxy statement available to these stockholders in June 2011, which will include the time and location of the Annual Meeting, as well as a description of the matters to be considered. About Comstock Mining Inc. Comstock Mining Inc. is a Nevada-based gold and silver mining company with extensive, contiguous property in the Comstock District. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and brought the exploration project into test mining production. The Company continues acquiring additional properties in the district, expanding its footprint and creating opportunities for exploration and mining. The goal of its strategic plan is to deliver stockholder value by validating qualified resources (at least measured and indicated) and reserves (probable and proven) of 3,250,000 gold equivalent ounces by 2013, and commencing commercial mining and processing operations in 2011, with annual production rates of 20,000 gold equivalent ounces. Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities.
In trading on Tuesday, shares of Comstock Mining Inc entered into oversold territory, changing hands as low as $0.92 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.