Mr. Carl Nurmi reports

PELANGIO REFLECTS ON THE PASSING OF DIRECTOR THOR EATON

Thor Eaton, a member of Pelangio Exploration Inc.'s board of directors, has passed away.

"We are deeply saddened by the death of Thor Eaton," commented Carl Nurmi, chairman of the company's board of directors. "He provided the board of directors with invaluable advice and counsel and he will be greatly missed. We extend our deepest condolences to Thor's family."

Mr. Eaton served as president of Notae Investments Ltd. since January, 1998, and he has sat on the boards of several publicly traded companies in the mining sector, including Excellon Resources Inc. and West Timmins Mining. Mr. Eaton created the Thor E. and Nicole Eaton Family Charitable Foundation in June, 1999, which contributes to the livelihood of hospitals, environmental groups and Canadian cultural institutions (such as the Royal Ontario Museum, St. Michael's Hospital, the National Ballet of Canada and the Atlantic Salmon Association).