Salvadoran joint venture extended

Drilling on El Dorado, a gold project in El Salvador, continues to extend the Nueva Esperanza vein discovery.

The project is being explored under a joint venture among three companies: Mirage Resources (VSE), which has a half interest, and Bethlehem Resources (TSE) and Dejour Mines (TSE), each of which have 25%.

Hole K93-12, which intersected 4.55 metres grading 19.4 grams gold and 176.4 grams silver per tonne, extends the vein a further 50 metres south of Holes K93-7 and 8.

The joint venture has two rigs on the property and reports that Holes K93-15 and 16 both intersected excellent widths of the vein, about 100 metres below Holes K93-6 and K93-10.

Two shallow holes, K93-11 and 13, were also drilled on the vein called Los Jobos, parallel and about 100 metres east of Nueva Esperanza. Drilling with two rigs, surface mapping and trenching will continue until mid-December and resume in January with a third drill rig.

Results to date are as follows:

Hole Interval Width Gold Silver

(m) (m) (g per tonne) (g per tonne)

K93-1 172.15-183.35 11.2 17.4 135.1

K93-2 276.89-281.80 4.91 26.5 121.5

K93-3 191.50-195.71 4.21 8.39 25.68

K93-4 155.20-158.77 3.57 4.74 28.27

K93-5 35.00-39.85 4.85 6.1 34.6

K93-6 42.15-51.85 9.70 11.3 81.1

K93-7 25.70-31.55 5.85 2.5 12.2

K93-8* 35.35-41.15 4.8 2.6 10.5

K93-9 36.55-39.75 3.20 6.3 33.2

K93-10 35.50-37.85 2.35 7.9 64.4

K93-11 58.15-61.75 3.60 5.7 53.0

K93-12 52.05-56.60 4.55 19.4 176.4

K93-13 no significant results

* less than 30% core recovery as a result of fault zone