War Eagle drills La Fortuna

Reverse-circulation drilling on the Mexican silver-gold project La Fortuna has identified two mineralized zones, the Central and the Northwest.

War Eagle Mining (VSE) drilled 29 holes totalling 8,750 ft. and, in the process, outlined a preliminary resource in the two zones at 17.5 million tons grading 21.5 oz. silver and 0.093 oz. gold per ton.

War Eagle can acquire a full interest in the property, situated in Sonora state, through its 99%-owned Mexican subsidiary Minera Aguila Canadiense, for US$2.6 million plus a 2% net smelter return royalty not to exceed US$1.8 million.

A follow-up diamond drill program is planned for the next phase of exploration.

Selected assay results include:

Hole Interval Width Silver Gold

(ft.) (ft.) (oz./t) (oz./t)

Central Zone

26 220-270 50 19.07 0.051

27 150-290 140 18.20 0.047

Northwest Zone

28 370-400 30 32.30 0.073

29 200-220 20 20.95 0.065

330-360 30 30.43 0.077

30 130-180 50 7.42 0.435

230-250 20 30.65 0.093

31 210-250 40 25.19 0.082