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 Siribaya Project Update

June 22, 2010:

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 About Merrex
Management

Gregory Isenor, P.Geo, President & Chief Executive Officer

Mr. Isenor is 58 years of age, a professional geologist and businessman. He holds a Bachelor of Science degree (1970) from Acadia University and is a member of the Association of Professional Geologists of Nova Scotia.

During the preceding five years, Mr. Isenor was President and Director of Jilbey Gold Exploration Ltd. until its takeover by High River Gold Mines Ltd. in August 2005. Prior thereto Mr. Isenor was an independent consulting geologist. As a consulting geologist he worked in numerous parts of the world including Canada, the United States, Australia, New Zealand, Asia and Africa.

John Cumming, Vice-President and General Counsel

Mr. Cumming is 55 years of age, a corporate and securities lawyer and businessman. He holds Bachelor of Arts (1974) and Bachelor of Laws (1977) degrees from the University of British Columbia and a Masters in Laws (1993) degree from King’s College, University of London where he graduated with a specialty in corporate and commercial law. Mr. Cumming has been active in the public securities markets and in the resource sector since 1978.

During the preceding five years, Mr. Cumming worked as director and general counsel to Yaletown Entertainment Corp., a public corporation active in television production, and was co-executive producer of over 150 episodes of Yaletown’s television productions. Mr. Cumming also serves as President and Director of ComWest Enterprise Corp., formerly Chatworth Resources Inc., a public corporation that was active in diamond exploration. ComWest is no longer involved in the resource sector and now carries on business in the publication industry.

Jean-Marc Gagnon, Exploration Manager, Mali

Mr. Gagnon has held a variety of geology and engineering roles within the mining sector since 1980. His specific area of expertise in managing drilling programs with Africa and South Africa, with emphasis on diamond drilling and ore reserves calculations. Most recently, Mr. Gagnon has operated his own consulting practices, prior to which he was General Manager and Consultant to a number of international mining companies, including Emerging Africa Gold, Major Drilling International and Golden Star Resources Ltd. Mr. Gagnon is a Geological Engineer, a member of the Ordre des Ingénieurs du Québec, and holds his MBA designation (1999) from Université Laval.

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