Luminex Resources Corp. announced positive results from its metallurgical test program at the Los Cuyes deposit. The Cuyes West high-grade area, a portion of the Los Cuyes deposit within Condor North, yielded excellent metallurgical recoveries.

Additionally, low-grade material and breccia material from Los Cuyes were tested and also demonstrated strong recoveries. C. H. Plenge & CIA S.A. has completed a program of investigative metallurgical work using three representative samples from the Los Cuyes deposit at the Condor project. An equal weight composite of these same samples was also prepared for use in preliminary tests.

Hole ore cyanidation of the three samples indicated that 90.9% and 33.6% of the gold and silver could be extracted using standard leaching conditions. Hole ore cyanidation test work was completed at a primary grind size of 75 microns, comparable to the flotation test work. Preliminary flotation test work to evaluate the option of recovering lead and zinc values was also completed in this test work program and indicates that zinc could possibly be recovered as a by-product to the process.

Additional test work is required to fully evaluate the requirements to recover zinc into a saleable concentrate. Test Work Description and Results: Two key process options were evaluated in the Plenge test work program: (i) the option of producing a bulk sulphide flotation concentrate for subsequent cyanide leaching to recover precious metals; and (ii) whole ore leaching of the Los Cuyes material for the recovery of precious metals. Flotation results are summarized below and show that about 12.5% of the mass is expected to be recovered as arough flotation concentrate.

This process option has the potential to reduce the size of the cyanide leaching facility, as well as allow for efficient re-grinding of concentrates for enhanced precious metal recoveries and better management of the leaching process. Hole ore cyanidation leach test (CIL) work was completed on the three Cuyes West samples, results of which are shown to be slightly lower than flotation recoveries to a bulk sulphide concentrate. The results confirm that leaching of a flotation concentrate is a viable option.

Additional metallurgical work is recommended to potentially increase the precious metals recoveries when leaching concentrates as it is expected that fine grinding will enhance extractions. Subsequent optimization test work will inform the approach to processing the Cuyes West materials. Head assays and selected tails were also submitted to SGS Peru for QA/QC.

Assay results between the two testing facilities were consistent. A good reconciliation was found between the calculated head grades and the assay head grades. (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; and (including adverse weather conditions; and (ii) all of these results were reported in the Plenge test work was completed in this test work program.

The results were reported in the Pl Challenge test work program: (i), and (ii) whole ore cyanidation leach test was completed at a primary grind of 75 microns and precious metal recoveries and precious metal recoveries.