Silver Mountain Resources Inc. announced the signing of a 20 year surface use agreement with the Community of Castovirreyna. This agreement fully covers the Reliquias Mine area and specifically allows the Company to carry out all surface exploration and mine development activities ? including building tailings disposal facilities, concentrator plants, waste disposal faicilities and underground developments needed to operate an underground mine.

The agreement entails Silver Mountain making annual payments and providing social and economic support to the Community of Castrovirreyna, in exchange for the right to carry out all mineral exploration and explotation activities allowed under peruvian regulations on Community-owned land.