Mr. Darrell Rader reports

MINAURUM RECEIVES REPORT FROM DR. JAMES FRANKLIN ON THE SANTA MARTA VMS PROJECT

Minaurum Gold Inc. has released the results of a review and report by Dr. James Franklin on its 100-per-cent-controlled Santa Marta project in Oaxaca, Mexico. Dr. Franklin is a geologist with more than 40 years of research and exploration experience on both active and ancient volcanogenic massive sulphide (VMS) systems along with numerous discoveries to his credit. Since his retirement as chief geoscientist of the Geological Survey of Canada, he has been a consultant as well as an adjunct professor at Queen's University, and at Laurentian and Ottawa Universities. Dr. Franklin is a fellow of the Royal Society of Canada, and is a past president of the Geological Association of Canada and of the Society of Economic Geologists.

Dr. Franklin visited the Santa Marta project and reviewed key outcrops, and geological and geochemical data collected by Minaurum. The purpose of his review was to assess the prospectivity of the project. In his report he concluded:

"Santa Marta appears to have all of the classic features of highly productive VMS systems, such as the semi-continuous deposit set at Flin Flon comprised of the Main Mine, Calinan and Triple 7. The stringer zone at Santa Marta has undergone slight oxidative weathering and already has supported a small historic mining operation. The massive oxide zone appears to have been largely not explored; we saw evidence of only two drill holes, and there are no records of what these intersected."

Dr. Franklin's comments and observations may be summarized as follows:

1. The occurrence consists of two parts: a major stringer zone of vein and disseminated copper capped by a laterally extensive silica-oxide zone that is weathered massive sulphide mineralization. The silica-oxide zone forms a prominent ridge.
2. The stringer zone is exposed both laterally and vertically for several hundred metres along strike, and extends into the footwall for at least 100 metres. The mineralization is copper rich, chlorite dominated, and has excellent potential to extend both along strike and to depth.
3. The massive oxide-silica zone that overlies the stringer zone was traced for over 700 m along strike. It appears to have an average thickness of about 75 m to 100 m.
4. The massive oxide zone comprises about 60 per cent to 80 per cent goethite-hematite and 20 per cent to 40 per cent silica, with traces of chalcopyrite and pyrite casts.
5. The silica and iron contents of the massive oxide zone are the expected result of oxidation of massive sulphide mineralization.

"We're excited to receive Dr. Franklin's review of the Santa Marta project," commented Darrell Rader, Minaurum's president and chief executive officer. "His comments and recommendations will be incorporated into a 3,000 m drill program currently being permitted."

Qualified person

Stephen Maynard, MS, CPG, vice-president of exploration for the company, qualified person as defined in National Instrument 43-101, approved the preparation of the technical information in this release.

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