Hummingbird Resources plc announced that Pasofino Gold Ltd. has released its independent Preliminary Economic Assessment for the Dugbe Gold Project. The PEA has been prepared in accordance with NI 43-101 by DRA Projects (Pty) Ltd. a wholly owned subsidiary of DRA Global Ltd. as lead consultant and assisted by SRK Consulting Ltd. (UK) and Epoch Resources (Pty) Ltd. Pasofino has an earn-in agreement for a 49% stake in the Project, with Hummingbird maintaining a controlling interest of 51%. For further details on the option and earn-in agreement with Pasofino. Key Aspects Which Enhance The Quality Of The Project Include: 74 km by road from the port of Greenville to the Dugbe Project; Tuzon and Dugbe F deposits 4 km apart serviced by a central processing plant; USD 0.18/kWh estimated mine life power costs; Constructive relationship with the Government of Liberia.