Increased Resource Estimate For Bilbao Property

 

TORONTO - Xtierra Inc. reported that it has received a new independent resource estimate, compliant with National Instrument 43-101, for the Bilbao zinc-lead-silver-copper-gold deposit located in Zacatecas, Mexico.

The new resource estimate shows a 169% increase from the November 2008 estimate in the Indicated resources to 9.68 million tonnes and an increase of 68% in the Inferred resources to 4.04 million tonnes.

In the Indicated category, sulphide ore types represent 35%, mixed oxide

and sulphide ore types represent 22% and oxide ore types represent 44% of the

total Indicated resource. For the purpose of determining resources at various

cutoff grades, zinc equivalent values were determined, based on the average

LME metal prices during the months of October to December 2009.

The company’s address is 220 Bay Street, Suite 700 Toronto, ON M5J 2W4, (416) 362-8243, fax: (416) 368-5344, email: [email protected].