Update From Trinidad Site (9/29)


As of September 29, 2009

Taunus

* Total diamond drill holes completed: 27 (5,800m drilled to date) - click here to view drill hole location map.

* Hole 09TR027: (completed) - objective is to extend the high-grade gold zone south of hole 19 (30m @ 6.3 g/t gold), and to define shape and controls of the zone. Total depth: 327m

* Hole 09TR028: (ongoing) - objective is to test the down-dip extension of mineralization in hole 08TR014 (7.8m @ 5.3 g/t gold and 7m @ 9.7 g/t gold). The targets are predicted between 220-275 metres depth. Total planned depth is 300m.

* Hole 09TR029: (ongoing) - objective is to test a geophysical anomaly (similar to what is observed in the New Discovery Zone). This hole is a 300-metre step-out located on trend to the north between Bocas and the New Discovery Zone. Total planned depth is 250m.

* Assays pending for hole 27. Current turn-around time for completing a drill hole and reporting assays is taking 6 to 8 weeks - with ongoing initiatives taking place to improve it.


Trinidad District

* Surface exploration ongoing at El Habal prospect (located 15 km west-northwest of Taunus) including mapping and sampling in an area that previously reported an RC drill hole interval (40 metres below surface) of 1.3 g/t gold over 261 metres (not NI-43-101 compliant); drill targets are being prioritized.
* Surface exploration on-going on the remainder of the Trinidad property including prospecting, mapping, sampling and trenching in various areas to identify and prioritize drill targets. Drill-testing is planned during the dry season - latter part of Q4 and early 2010.