Our success in 2009 was defined by three key events:

1) Exploration drilling on our wholly-owned Trinidad property near Mazatlan continued to generate outstanding assays over long intervals. The success of this program in 2009 will contribute to an increase in the company’s gold resource base.

2) We raised nearly C$15 million to fund exploration in 2010 and beyond.

3) Consolidated a strategic, contiguous property position along a northwest-trending structural corridor, which has the potential to host significant new gold discoveries. The total land package now exceeds 2,500 square kilometres, and is wholly-owned by the company.

Outstanding Drill Results at Trinidad
The 2009 drill program produced a number of high-grade intervals, including:

• Hole 15: 5.3 g/t gold over 65.9 metres
• Hole 16: 3.4 g/t gold over 60.6 metres
• Hole 19: 6.3 g/t gold over 30.0 metres
• Hole 20: 5.3 g/t gold over 13.4 metres and 4.1 g/t gold over 13.0 metres
• Hole 22: 8.6 g/t gold over 20.9 metres
• Hole 25: 3.6 g/t gold over 81.8 metres
• Hole 27: 5.2 g/t gold over 18.7 metres
• Hole 34A: 8.7 g/t gold over 34.5 metres