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Introduction

The main transaction occuring in 2006 was the option agreement entered into where the Company could earn a 100% in a number of favorable mining projects in Mexico. Temoris has the sole right to exercise this option which is more fully described in the 2006 Management Discussion & Analysis. The creation of its Mexican subsidiary, Minera Temex S.A, has become fully operational since April, 2007, which will help ensure the smooth functioning of the Company’s Mexican operations.

Sample results obtained on the Mapimi property is still of great interest to the Company and as such we remain confident that the acquisition will increase shareholder value. In this regard, the Company’s 2005 business model to redirect the Company towards the precious metals sector in the future is on track.

In other areas, The Company is currently working on having its shares list on the TSX Venture Exchange.

Many other developments are unfolding and, if finalized, should have a positive impact on shareholder value.

Jean Labrecque
President and Chief Executive Officer