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Exploration projects:

La Casita Project

On May 13, 2008, the Company entered into a formal Purchase and Sale Agreement (the “Property Agreement”) to acquire from Grupo the “La Casita” mineral property, formerly known as El Rodeo property (“the Acquisition”) in the State of Durango, Mexico.

The Company is keeping the property under care and maintenance.  The conclusions from earlier exploration programs on the property indicated that further exploration would be merited.

The Company is analyzing different possibilities for this property, as well as considering other mineral properties as possible acquisition targets