Bilbao Zinc Project and La Laguna Silver Project - Mexico

In August 2007 PRRF entered into an agreement with AIM-listed Minco Plc to finance feasibility studies and development of the Bilbao Zinc Project and the Laguna Silver tailings recovery Project in Zacatecas, Mexico.  As a result of this transaction, these projects are now held by TSX-V listed Xtierra Inc.