Property and Location

The Santo Domingo project consists of two mining concessions totaling 135 ha and is located 90 km northwest of Guadalajara, Mexico. Santo Domingo has excellent infrastructure with all weather road access and a high voltage transmission line that runs through the property. Water is also available from the Santiago River which flows through the property.

The Santo Domingo Project has the potential to contain 300 million ounces of silver. The project is located in a similar setting to a number of 100 million ounce plus silver-gold deposits in Mexico.

Recent Developments and Proposed Exploration Program

Three holes were drilled in 2006, (please see Press Releases section for details) and a new drill rig and equipment was purchased in 2007 for use on the Santo Domingo Property. Our drilling program has recommenced on the Santo Domingo project. A minimum of 4,000 metres is planned for the drilling program. Drilling will concentrate on delineating the ore grade mineralized silver, gold, lead and zinc zones encountered in the previous drill holes and in adits.

Goals of the drilling program will be to:

• Confirm the at-depth extension of the La Rayas zone, which was previously intersected in the 1999 drilling program
• Qualify the potential grade and size of the La Rayas zone
• Evaluate the newly discovered Guadalupe zone