Dear shareholder,

Thank you for your inquiry. The company drilled approximately 28,000 meters in 2008, and continues to move towards a resource calculation to be completed in the second quarter of 2009. The company anticipates drilling another 15-22,000 meters during the first half of 2009, and can accelerate during the first half of the year as they have just recently added an RC rig.

The company continues to focus on defining the Animas/Del Norte area, and is moving along strike to the east and west to the Panteleona and San Francisco targets. Assay results will be released as they are received.

Regards,

AGORACOM Investor Relations