Mr. Robert Eadie reports

CORTEZ COMPLETES CONSTRUCTION AND BEGINS TESTING OF ALTIPLANO PROCESSING PLANT

Cortez Gold Corp. has completed construction of its gold and silver processing plant in Matehuala, Mexico, which is owned by the company's Mexican subsidiary, Altiplano Goldsilver SA de CV.

The company is currently conducting test runs at the plant, calibrating all equipment and training personnel on every aspect of plant safety and operations. It is anticipated that the dry runs and all testing at the facility will be completed by mid-January, after which the Altiplano plant will open its doors to the numerous small miners and ore suppliers which have been looking for alternative processing options.

"We have been fortunate in having patient shareholders and investors who understand our vision," said Robert Eadie, president of Cortez Gold. "We are establishing a gold and silver processing plant centrally located in a historic mining district in Mexico that is home to numerous mining operations -- all connected by good transportation infrastructure. We are looking forward to an exciting year!"