New Assays For Sherman Area And Balance Of Initial Assays For Wayka System

VANCOUVER - Lucky Minerals Inc. has received the balance of assays from the initial prospecting at Wayka, a gold bearing epithermal system. In addition, assay results from 16 samples were received from the Sherman area. All this activity is focused within its 100% owned Fortuna Property. Fortuna comprises approximately 55,000 hectares in a known mineralized district in southern Ecuador.

CEO, Francois Perron, said, "Our recent field work at Wayka has proven to be very interesting. The initial samples were sent for rush turnaround and the balance of the results confirm that our work at Wayka is only just beginning. The current assays, when combined with the initial results are indicating a strong surface expression of an epithermal high sulphidation system. At present, 28 samples are pending assays from ALS Chemex. We continue to prioritize this target and have recently deployed a team into the southern area. Wayka remains open in all directions and we expect Terraspec alteration analysis to guide our efforts towards identifying feeder zones which potentially contain higher gold content.

The second exploration team revisited the Sherman prospect to complete sampling in an area the team is now referring to as ‘Macuche'. While still early, indications are that we have identified an area approximately 30 m by 30 m where 9 samples all returned anomalous gold; up to 2.19 g/t gold. Systematic sampling and a thorough review of the surrounding geology are planned as this area is now offering potential for bulk tonnage targets."

Lucky's exploration team has continued with geological mapping and sampling at Wayka. Recently a total of 15 rock sample assays were received from ALS Chemex Labs. This batch of samples represents the balance from a larger group of samples which included 12 samples previously sent as "rush" to ALS Chemex. These samples returned up to 2.90 g/t gold. Geological mapping and sampling continues at Wayka and there are strong indications that the alteration and mineralization footprint is expanding. In addition, exploration teams are conducting field work in the southern area and samples have been sent to ALS Chemex for analysis.

Exploration teams are focused on gathering samples to further our understanding and expand the known footprint of the mineralized system. Samples are being submitted approximately every two weeks for prep work, and the analytical work will be completed in Lima, Peru. Present work is focused on surface exploration which includes sampling and mapping. This will be followed by trenching leading to scout drilling. Teraspec analysis is being conducted on samples and should provide the basis for alteration mapping which in turn will be utilized Lucky's exploration team continued follow-up geological work at Sherman. A total of 16 rock sample assays have been received from ALS Chemex Labs.

Fieldwork in Macuche has identified an area of mineralization of approximately 30 m by 30 m and sampling has confirmed potential for a bulk mining target. As this is an area at an early exploration stage, geological work will continue to better identify the extent of this mineralized area. Prospecting work will include geological mapping to determine rock and alteration types. At this time, mineralization has been observed to be related to silica-pyrite stockwork type veinlets in a strongly altered (sericitic) rock.

Present work at El Garo continues. El Garo is a large epithermal system with outcrops of dacite and vuggy silica. This system is less than 8 km north of Wayka. Due to a lack of outcrop, a soil sampling program was initiated last year and is in the process of being completed. Results from this program will be combined with trenching. A drilling program continues to be planned for El Garo.