News

Acero-Martin buys La Mamita concession

January 28, 2005

The TSX Venture Exchange has accepted for filing an agreement, dated Dec. 24, 2004, between the company, Canper Exploraciones S.A.C. (a subsidiary of the company), Trivello Ventures Inc. (a private British Columbia company) and Manuel Alejandro Vega Ching (as trustee to Trivello Ventures Inc.), pursuant to which the company has acquired from Trivello Ventures Inc., a 100-per-cent interest to certain Peruvian mining rights known as the La Mamita concession.

The consideration payable by the company comprises $25,000 (U.S.) and 25,000 common shares.

There is no finder's fee payable in connection with this transaction.

There were no insiders or pro groups participating. The company is at arm's length to the vendor.