Boleo Project and Baja Corporate Update - Seite 2

Cinto Colorado

The Company is pleased to report that it has effectively completed its legal due diligence pertaining to title, licenses and environmental issues relating to the Cinto Colorado project. With due diligence relating to title, licences and environmental standing now completed with positive results, it is Baja's intention to focus its efforts on progressing aspects of the pre-feasibility study, including a controlled sampling program and further metallurgical testing of the tailings and slags.

SEC De-registration and Suspension of Reporting Obligations

The Company believes that the costs associated with continuing the registration of its common shares under the United States Securities Exchange Act of 1934, as amended (the "Exchange Act") outweigh any benefits to the Company of maintaining such registration. Therefore, the Company has filed a Form 15 with the United States Securities and Exchange Commission (the "SEC") to terminate the registration of its common shares under Section 12(g) of the Exchange Act, and suspending its reporting obligations under Section 15(d).

The Form 15 is subject to a 90-day review period by the SEC following which, if not rejected, the Company common shares will automatically cease to be registered under Section 12(g) of the Exchange Act. Suspension of the Company's reporting obligations under Section 15(d) was effective pursuant to statute at the beginning of this fiscal year and will continue for each subsequent fiscal year provided the Company continues to meet certain criteria at the beginning of each such fiscal year regarding the number of holders of record of the common shares. As a result of the filing of a Form 15, the Company's obligation to file reports with the SEC is immediately suspended.

The Company will continue to meets its Canadian continuous disclosure obligations through filings with the applicable Canadian securities regulators, which can be found under its profile at www.sedar.com. The termination of the registration of Baja's common shares and the suspension of SEC reporting obligations will not have an impact on the trading of the Company's securities on the TSX-V. The Company's securities will also remain quoted on the OTC market.

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This press release contains forward-looking statements or forward-looking information (forward-looking statements). These statements can be identified by expressions of belief, expectation or intention, as well as those statements that are not historical fact. Forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements contained in this press release are based on our current estimates, expectations and projections, which the company believes are reasonable as of the current date. Actual results could differ materially from those anticipated or implied in the forward-looking statements and as a result undue reliance should not be placed on forward-looking information. Additional risks and uncertainties can be found in the company's reporting documents filed on SEDAR (www.sedar.com), including its Management Discussion and Analysis and Annual Information Form. Forward-looking statements are given only as at the date of this press release and the company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Baja Mining Corp.
Tom Ogryzlo
Interim CEO
604-685-2323
[e-mail]