BAITIMIR

Reported that the 2006 trenching program intercepted significant mineralization including 10 metres grading 1.06% copper and 88 metres grading 0.47% copper.

The company announced that the data they have compiled enables them to develop a targeted plan for the next phase of exploration which will include a staged drilling program planned for 2007.

The 2005 exploration program included included 6 km2 of alteration mapping, 2,059 soil geochemical samples covering an area of 4.3 km2, a ground magnetic survey covering an area of 4.3 km2, Induced Polarization and Chargeability geophysics covering an area of 4.3 km2, and 1,785 metres of drilling consisting of 15 core holes ranging in depth from 72.5 m to 175 m. Results of the drilling program found that the thickness of the copper intervals vary from 10.5 m to 83.5 m and the oxide copper grades vary from 0.1% to 3.52%. Gold grades in the in the ten holes averaged approximately 0.25 g/t.