CABORCA

Reported that it has decided not to pursue this property.

Reported that drill testing of the anomalies was unsuccessful in locating porphyry copper-gold mineralization. Plans are being made to reduce or eliminate the large concession of the joint venture.

Reported that a total of twenty eight reverse circulation drill holes were completed that tested four target areas and included sections below the contact with overlying andesitic volcanic layer. The best result, from the Coronela-showings area, was 3.1 meters of 2.3 g/t gold. A number of holes returned broad sections of low gold grades, but only three of the holes returned +1 g/t results. The company considers these results below its current threshold to move the project to a more advanced stage of testing at this time. There is scope for more work at Daniel, including initial drill testing of mineralized zones and targeting programs over the northern extension of the system that was staked by the company in late 2007, and the concessions will be maintained in good standing for possible future programs or joint venture.