DUTCHESS JV/TICK HILL

Goldminco Corporation announced assay results from Temora Project drilling completed at the Yiddah, Chicane, Kangaroo Hill and Dam porphyry copper-gold prospects, New South Wales, Australia. Highlights include hole TYSD013 (Yiddah) which intersected 96.0 m grading 0.33% copper, 0.13 g/t gold, 76.0 g/t silver from 240.0 m. Also, the Company reported drill results at its Tick Hill Project (Spring Creek prospect) located in NW Queensland. Highlights include hole SCRC003 which intersected 4.0 m grading 1.24% copper, 0.12 g/t gold from 60.0 m.

Goldminco announced an update on it’s recent exploration activities at the Tick Hill, Blayney and Temora projects in Australia. Highlights on the Tick Hill Project include the delineation of a 1 km x 200 m copper/gold/cobalt soil geochemical anomaly at the Spring Creek prospect. On the Blayney Project, a strong IP chargeability anomaly associated with a resistivity high was identified at the Bluebird prospect and an IP survey targeting structurally controlled copper/gold mineralised systems below the Tertiary basalt cover was commenced. On the Temora Project, an 8,000 m drill program is planned.

Assay results were received for a program of 6 x 200 m RC drill holes DURC0052-57), designed to test for potentially economic mineralisation associated with geochemical soil anomalies identified in the previous quarter. Holes DURC0052 - DURC0054 were drilled to test the soil anomaly overlying the Central Lode. These holes intercepted a consistent mafic mineralized lode 70 – 80 m down hole. Copper grades in this lode show an increase in tenor to the north toward DURC0052. Holes DURC0055 and DURC0056 were drilled to test a soil anomaly overlying the Perecles lode. A narrow mineralised zone was intercepted in DURC0055, drilled under the peak of the anomaly, with no significant mineralisation intercepted in the southern hole (DURC0056). Hole DURC0057 was drilled to test a moderate soil anomaly in the vicinity of the poorly exposed Macgregor lodes. A significant intercept of 11 m @ 2.71% Cu was intercepted from 86 m down hole.