Bimini Capital Management to Broadcast Second Quarter Earnings Conference Call on the Internet

VERO BEACH, Fla.--(BUSINESS WIRE)--Bimini Capital Management, Inc. (Other OTC: BMNM-PK) (“Bimini Capital” or the “Company”), a real estate investment trust (REIT), today announced that it will provide an online Web simulcast of its second quarter 2008 earnings conference call on Tuesday, August 12, 2008. The Company will release financial results for the second quarter and six months ended June 30, 2008, prior to the call.

The live broadcast of Bimini Capital's earnings conference call will begin at 8:30 a.m. E.T. on Tuesday, August 12. An online replay will be available approximately two hours following the conclusion of the live broadcast and will continue for 48 hours. A link to these events will be available at the Company's website www.biminicapital.com. Those persons without Internet access may listen to the live call by dialing (800) 257-1836 or (303) 262-2191, confirmation code: 11118490.

About Bimini Capital Management

Bimini Capital Management, Inc. is a REIT that invests primarily in, but is not limited to, residential mortgage-related securities issued by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Government National Mortgage Association (Ginnie Mae). Its objective is to earn returns on the spread between the yield on its assets and its costs, including the interest expense on the funds it borrows.

Statements herein relating to matters that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The reader is cautioned that such forward-looking statements are based on information available at the time and on management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in such forward-looking statements. Important factors that could cause such differences are described in Bimini Capital Management, Inc.'s filings with the Securities and Exchange Commission, including Bimini Capital Management, Inc.'s most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. Bimini Capital Management, Inc. assumes no obligation to update forward-looking statements to reflect subsequent results, changes in assumptions or changes in other factors affecting forward-looking statements.

Bimini Capital Management, Inc.
Robert E. Cauley, 772-231-1400
President & Chief Executive Officer
www.biminicapital.com