Trulan Resources Inc. report that it has entered into a Letter Of Intent with a privately held South American mining concern to ultimately acquire gold, platinum and industrial minerals deposits in Chile. The Project, which covers a large land area, has been previously explored and tested by the Vendor to the point where a substantial data package has been compiled and a preliminary report was written and provided to Trulan which outlines the potential of numerous deposits on the property. The report states that the Indicated Ore reserves, thus far, are in excess of 160 Million Metric Tons and are predominantly comprised of Iron, Gold, Platinum and other valuable industrial minerals.

Each of the deposits has been delineated to the point where they conform to SEC Industry Guide 7: Description of Property by Issuers Engaged or to be Engaged in Significant Mining Operations, and the ore bodies described in the report fall within the 'Indicated' category. The deposits remain open and have not been fully tested to determine their final depth. Further drilling will determine the ultimate size and long term economic potential of the ore bodies.

Given the geologic nature of the IGP deposits in general, the Project does not require extensive and expensive ongoing exploration or development. The ore bodies are considered to be clean, which is to say that there are no contaminants or overburden of any consequence on the Project deposits. The company's mission is the exploration and development of mining properties whose economic potential is considered to be extensive, while requiring minimal infrastructure and operational costs, that can be advanced in an environmentally responsible manner.