YAMIRI GOLD AND ENERGY INC.

Yamiri Gold and Energy Inc. entered into an agreement to sell its 79.5% interest in its subsidiary Yacimientos Mineros Riojanos S.A. to Jorge Gamarci, the company's Chairman and CEO, for a total purchase price of $677,268. The company has also agreed with Endeavour Financial to convert US$344,000 of the US$430,000 bridge loan advanced by Endeavour last year into units of the company at a price of $0.05 per unit, resulting in the issuance of approximately 7,568,000 units to Endeavour.