Mr. Michael Wood reports

SENDERO RESOURCES COMMENCES DRILLING AT PENAS NEGRAS

Sendero Resources Corp. has commenced drilling at its 100-per-cent-owned Penas Negras project on the Vicuna belt in La Rioja, Argentina.

Highlights:

• Diamond drilling has commenced for an initial program of 4,500 metres.
• Four priority drill-ready porphyry/epithermal copper-gold targets have been selected for initial drill testing: La Pena, Tamberias, La Ollita and Cerro Verde South.
• Drilling has commenced at La Pena with two planned holes at approximately 500 metres each.
• A recent detailed ground magnetic survey at La Pena confirmed the large magnetic anomaly centred on the known porphyry and highlights a satellite magnetic anomaly to the north.
• Many of the key geological, geochemical and geophysical features seen at other deposits in the Vicuna belt, such as Filo del Sol and Josemaria deposits, are replicated in Sendero's priority drill targets.

Sendero executive chairman Michael Wood commented: "Drilling has commenced on schedule, and we are very excited to be drilling and now be able to gain a greater understanding of the multiple copper-gold porphyry and epithermal targets we have on the Penas Negras project. We are starting at La Pena, where the ground magnetics has confirmed in more detail the scale of the magnetic anomaly and also the potential for a satellite porphyry intrusive to the north."

La Pena ground magnetics

La Pena is ranked as Sendero's highest-priority target. It has many typical features of Andean copper-gold porphyry deposits. The mineralized system is exposed at an optimum level of erosion, just above the interpreted high-grade copper-gold zone. Favourable features of the exposed diorite porphyry are intense potassic alteration, stockwork magnetite-quartz veining, and the presence of copper sulphides and oxides. Two initial holes are programmed at La Pena.

The recently completed detailed ground magnetic survey has confirmed the same shape and size of the strong magnetic response seen in historical airborne magnetic data centred on the known porphyry intrusive. The large discrete magnetic anomaly with potassic alteration measures approximately 800 metres long and 500 metres wide. Another magnetic anomaly located about 1,000 metres to the north opens the possibility of a satellite porphyry system.

Continuing work program

Regarding the recently completed geophysical surveys from the other priority targets, the company is awaiting results and will provide updates once all the information is received and processed for each target. Ground magnetics and induced polarization surveys have been completed at Tamberias and La Ollita and ground magnetics are being conducted at Cerro Verde South.

About Sendero Resources Corp.

The company is focused on copper-gold exploration at its 100-per-cent-owned Penas Negras project in the Vicuna belt in Argentina. The Penas Negras project has similar geological characteristics to other deposits in the Vicuna belt and a cluster of porphyry and epithermal targets have been identified on the project. The company, through its wholly owned subsidiary, Barton SAS, is the holder of 10 granted mining concessions covering 120 square kilometres in the province of La Rioja, Argentina. The company has an experienced management and exploration team that will use its expertise and operational knowledge to advance the multiple targets across the project.

Qualified person

David Royle, FAusIMM (CP), supervised the preparation of and approved the scientific and technical information pertaining to the Penas Negras project contained in this presentation. Mr. Royle is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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