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To: maxncompany who wrote (88794)	8/17/2007 2:31:23 PM
From: Rocket Red	Respond to of 312606

Pediment drills 91.44 m of 1.47 g/t Au on Los Planes 2007-08-17 13:29 ET - News Release Shares issued 29,160,968 PEZ Close 2007-08-15 C$ 1.77 Mr. Gary Freeman reports WIDE CROSS SECTION OF LOS PLANES GOLD MINERALIZATION INDICATED WITH 3 NEW DRILL HOLES: PLRC-4 WITH 91.44 METRES OF 1.47 G/T GOLD, PLRC- 3 WITH 64.01 METRES OF 1.48 G/T GOLD PLRC-2 WITH 36.58 METRES OF 1.66 G/T GOLD Pediment Exploration Ltd. has released the second group of assay results from its reverse circulation (RC) drill testing program at the Los Planes target which is located within the San Antonio gold project in Baja, Calif., Sur, Mexico. Analytical results have been received from the remaining three drill holes of the first seven completed. All three were drilled at an angle of 45 degrees to cross the Los Planes shear system and are located in Section N39650 which has an east-west orientation. Previously reported PLRC-1 with 83.82 metres of 1.47 grams per tonne (g/t) gold is also located in this section. The significance of the results from these assays is the intercepts show a nearly complete cross-section through the mineralized shear zone that has a downdip length of approximately 300 metres with gold mineralization. A broader zone of mineralization is also indicated by the drill phase in progress. The presented new drills results table shows all of the new results received from the RC drilling program. PRESENTED NEW RESULTS DRILLS RESULTS Drill hole From (m) To (m) Length (m) Au (g/t) Comments PLRC-04 57.3024 80.1624 22.860 1.154 Mixed zone including 58.8264 60.3504 1.524 7.090 and 106.0704 124.3584 18.288 0.664 Mixed zone and 125.8824 135.0264 9.144 0.255 Sulphide zone and 136.5504 177.6984 41.148 2.268 Sulphide zone including 138.0744 144.1704 6.096 5.615 PLRC-03 42.0624 49.6824 7.620 0.430 Oxide zone and 55.7784 90.8304 35.052 2.241 Oxide zone including 58.8264 66.4464 7.620 4.506 and 95.4024 116.7384 21.336 0.617 Mixed zone PLRC-02 43.5864 74.0664 30.480 1.774 Oxide zone including 45.1104 46.6344 1.524 6.135 including 63.3984 64.9224 1.524 3.740 and 104.5464 110.6424 6.096 1.078 Oxide zone Please click on the links below to view the updated drill plan and cross section. pedimentexploration.com pedimentexploration.com Observations from further drilling Los Planes mineralization has to date been traced for approximately 1,000 metres of strike, and remains open. Los Planes is located about 1,000 metres north of the historic Las Colinas resource and both the eastern (up-dip) and western (downdip) boundaries of the system are still to be determined. The strike length of the system has been extended by two additional drill holes, PLRC-9 and PLRC-10 located on trend 100 and 200 metres north from the area of PLRC-7, that contain intervals of sulphide mineralization. Drill hole PLRC-13 was completed at a site 250 metres east of PLRC-5 and penetrated 60 metres of tertiary sand-gravel cover followed by a zone of both oxide and sulphide mineralization. This indicates a basin fault in this area has dropped an up-dip portion of the system into a separate fault block that extends the target area to the east. A review of the geophysical data in this area suggests less cover to the north of PLRC-13, and this area will be drill tested. Samples from the 10 additional RC drill holes that have now been completed have been shipped to ALS Chemex facilities. Assay results from these will be released once they have been compiled. Sampling Each 1.5-metre-long section of material from the reverse circulation drill is collected and split on site, with one-half retained at the project and the balance shipped to the ALS Chemex preparatory facility in Hermosillo, Sonora, Mexico. The ALS Chemex lab weighs received material, and a part is ground to a pulp fraction and shipped to the Vancouver, B.C., laboratory facility. Analyses are performed for gold by fire assay with AA finish, with over limit (plus 10 g/t gold) reassayed by fire assay with a gravimetric finish. Vice-president, exploration, Mel Herdrick, MSc, is a qualified person as defined by National Instrument (NI) 43-101 and has approved the information contained in this release. The project supervisor is geologist Pedro Teran, BSc. We seek Safe Harbor.