Gold in Morocco

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• Managem, through its subsidiary, Akka Gold Mining Company, started producing gold from the Iourirn gold deposits, 280 kilometers south-east of Agadir, in 2001.

• Sanu Resources Ltd (SNU.V)has been granted thirteen exploration licenses in four blocks covering 52 square kilometers in the Nador-Al Hoceima area of north-eastern Morocco. The staked areas cover four distinct Miocene alkalic volcanic centers with significant areas of pyritic mineralization, argillic alteration and silicification and the possibility of epithermal gold deposits.

• Office National de Hydrocarbeure et Des Mines, the Moroccan governments' exploration and mining agency, owns the Tafrent deposit with a current published resource of 5,6 million tonnes at an average grade of 1,22 grams per tonne gold.

• Odyssey Resources Ltd (TSXv: ODX) is exploring is the Talouine gold property, located in the southern Anti Atlas, west and on strike of the Tafrent gold deposit. The property consists of three exploration licenses for a total of 48 square kilometres. It is also investigating the Tizintfirst copper-gold property, which comprises of a single, 16 square kilometre exploration license hosting a gold and copper bearing gossan.