As of September 14, 2009

Taunus

• Total diamond drill holes completed: 26 (5,115m drilled to date) - click here to view drill hole location map
• Hole 09TR025: (completed depth 287m) - objective was: (i) to extend high-grade zone (>5 g/t gold) 50 metres west of holes 12/15/16; (ii) to show continuity with the gold zone in diamond hole 19, and (iii) define high-grade shape as well a predictive geology model. The mineralized zone was predicted to be intersected from 151m to 233m with an average of 3.6 g/t gold. All three objectives were reached.
• Hole 09TR026: (lost at 264m) - objective was to follow-up testing another high-grade target 200 metres south of the area of holes 12/15/16, about 35m north of hole 20 (12.9m @ 4.1 g/t gold and 13.4m @ 5.3 g/t gold) which confirmed high-grade mineralization at depth in this area. 09TR026 was lost within 5 metres of reaching its target near vertical mineralization at the southern end of the pit. This target will be re-drilled.
• Hole 09TR027: (lost at 74m) - objective was to extend the high grade zone over 100 metres south of hole 19 (30m @ 6.3 g/t gold), and to define the shape and controls of the zone. Total planned depth was 325m. It is currently being re-drilled as 09TR027A.
• Hole 09TR027A: (current depth 126m) - objective is as stated for 09TR027 hole. Total planned depth is 325m.
• Hole 08TR028: (just starting) - 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). This mineralization in the centre of the zone is believed to be near vertical. The expected targets are respectively 75m and 125m below the two mineralized zones in hole 14. Total planned depth is 300m.
• Processing of geophysical test-lines over the new discovery zone area was completed. Results are encouraging and we will now proceed with the full survey.
• Next drill press release will report assays for for hole 27A to 29. An exploration target identified by the geophysics located 300 metres north of the main mineralized zone in Bocas will be drilled next. 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.