Field Exploration Update And Discovery of New Quartz Veins At Fortuna Property

VANCOUVER - Lucky Minerals Inc. reported that a system of quartz veins have been discovered in the Fortuna 3 and 4 concessions. The Fortuna Property in its entirety comprises approximately 55,000 hectares in a well-known mineralized zone in southern Ecuador.

CEO, Adrian Rothwell, said, "The identification of another target zone proximal to the El Buitre porphyry is testament to the quality of this project and represents a proof of concept on Fortuna as a potential host of epithermal gold mineralization. Congratulations to the team and a big thanks for their hard work and relentless belief in this project."

Fortuna 3 and 4: Reconnaissance work completed by Lucky's team has identified two sets of quartz veins in Fortuna 3 and 4. The majority of these veins are of quartz; some contain tourmaline and others mainly quartz and iron oxides, and also fine disseminated pyrite. The widths of these veins range from 0.40 m to 2.0 m. The Lucky exploration team has traversed the northern area of Fortuna 1. The El Garo epithermal alteration zone was extended to an area of approximately 1.6 km x 0.8 km and remains open in all directions. Permitting for the planned soil grid sampling program over an area of approximately 4 km x 2 km is complete and work will begin next week. The results of the soil sampling program will assist in outlining anomalous areas where hand trenching will be completed. El Garo is characterized by vuggy silica, hydrothermal breccias with a silica matrix, jarosite, alunite and advanced argillic alteration, all typical of epithermal gold systems.

Thirteen rock specimens were sent for Terraspec analyses and returned minerals such as alunite (both Na and K types), silica, pyrophyllite, dickite and smectite. All these minerals are typical of alteration zones associated with precious metal epithermal systems.

Early field work appears to indicate that the volcanics in this area are mostly horizontal (flat lying) to sub horizontal. If confirmed, the El Garo epithermal target may be comprised of "stacked lithocaps" in which the more porous volcanics would be better receptors for gold mineralization. Lithocaps are horizontal to sub horizontal blankets of residual quartz and advanced argillic alteration of hypogene origin, occurring over intrusions. To advance exploration work in this area, Lucky has started the permitting process for initial trenching and scout drilling.