CANPLATS RESOURCES CORPORATION

Canplats Resources Corporation announced the completion of a positive preliminary assessment on the 100%-owned Camino Rojo gold project located in Zacatecas state, Mexico. The preliminary assessment supports open-pit, heap-leach mining of oxide and transitional mineralization at the Represa deposit. The study does not examine the extensive sulphide mineralization that exists at Camino Rojo. Base case ultimate pit contains 1.71 million ounces gold and 34.2 million ounces silver (74.9 million tonnes grading 0.71 g/t Au and 14.2 g/t Ag) with a low strip ratio of 0.7 to 1. Average annual production is estimated at 122,300 ounces of gold and 902,100 ounces of silver over a 10.4 year mine life at a net cash operating cost of US$340 per ounce of gold (including silver credits). Initial capital costs are estimated at US$133.8 million. A pre-tax internal rate of return of 32.5% is expected and the project has a net present value of US$194.9 million at a 5% discount rate, increasing to 65.7% IRR and a US$477.2 million NPV at current metal prices of US$1,036 per ounce gold and US$17.19 per ounce silver.