Mr. Tim Coughlin reports

ROYAL ROAD AND MINEROS S.A TERMINATE JOINT VENTURE AND RIGHTS-RELATED AGREEMENTS IN NICARAGUA, ARGENTINA, AND AT ROYAL ROAD'S GNM PROPERTY IN COLOMBIA

Royal Road Minerals Ltd. has agreed to terminate all agreements governing joint exploration activities and underlying rights with and between Mineros SA and related subsidiaries in Nicaragua, Argentina and Colombia.

The effect of these terminations are full and final, and such that Mineros shall withdraw its 50-per-cent contractual interest in the company's Guintar-Niverengo-Margaritas (GNM) properties in Antioquia, Colombia, and Royal Road shall retain 100 per cent of those properties, and that Royal Road shall withdraw its contractual interests in the exploration strategic alliance in Nicaragua underlying properties and royalty rights, and Mineros (through its subsidiary Hemco Nicaragua SA) shall retain 100 per cent. Mineros and Royal Road have also agreed to annul a co-operation agreement concerning Mineros's Gualcamayo gold project in Argentina.

We seek Safe Harbor.