The Auripamba project comprises 5 concessions located in the Provinces of Bolivar, Los Rios and Guayas in central Ecuador. The property consists of two separate concession blocks: Auripamba East and the Auripamba West. The eastern block covers an area of 13,650 hectares with the western block covering an area of 9800 hectares. The concessions are adjacent to Amlatminas's S.A. highly prospective Curipamba project.

Details of the 100-per-cent purchase agreements are as follows: $5,000 US (reimbursement of costs) and 650,000 shares paid over two years. The schedule of share payments are as follows: 450,000 shares of the company's capital stock on TSX-Venture approval and an additional 200,000 shares payable in 4 installments of 50,000 shares each to be paid every 6 months for two years.



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News Release - November 8, 2006