Newport Beach, CA June 12, 2008 - Private equity firm ClearLight Partners announced today that it has acquired Gold Canyon Mining and Construction, a leading provider of construction and contract mining services in the western United States. The Company will continue to be managed by its existing management team. ClearLight Partners provided equity and mezzanine financing in the transaction, while Wells Fargo Foothill provided senior financing. Gold Canyon’s management team will also have a significant equity stake in the Company.

Gold Canyon operates principally in Nevada, Arizona, Idaho, and New Mexico. Gold Canyon’s contract services include mine site development, the movement of ore and waste rock within the mine, and mine site reclamation. Gold Canyon customers include many of the world’s largest multi-national gold and copper mining companies. Gold Canyon began operations in 2003 as the Mining Division of American Asphalt and Grading. “We are pleased to have ClearLight as our new partner and look forward to working with them to grow our company and continue to serve our mining customers,” said Kerry Bjornson, CEO of Gold Canyon Mining Services.

Michael Kaye, Managing Partner at ClearLight, stated “We are pleased to be able to serve as partners to Kerry Bjornson and his able team. We are confident they will be able to strengthen their leadership position within this important industry.”

About Gold Canyon Mining and Construction

Gold Canyon is a leading provider of construction and contract mining services to mining companies in the Western United States.