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Message: Aurelian

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News - PLE Ecuad. concessions in good standing !

in response to Re: Aurelian by opgtrader

posted on Jan 25, 08 10:46AM

Plexmar's Ecuadorian concessions in good standing

2008-01-25 15:27 ET - News Release

Mr. Guy Bedard reports

PLEXMAR RESOURCES INC.: ECUADOR CONCESSIONS IN GOOD STANDING

All of Plexmar Resources Inc.'s 24 concessions in Ecuador are in good standing. "For the past few months, the government of Ecuador has been reviewing all mining concessions titles. They specifically targeted concessions owners who have not made their yearly patent payments and may have their titles revoked as stated in the mining law. All patent payments on Plexmar concessions have been made," says Guy Bedard, president and chief executive officer.

Plexmar has optioned up to a 60-per-cent interest of the Escondida project to Escondoro Resources Inc. as outlined in news release in Stockwatch dated Sept. 19, 2007.

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