To: marcos who wrote (59917 ) 6/9/2008 2:43:03 PM From: Amark$p Respond to of 78411 Minefinders Corporation, Ltd. Dolores Gold-Silver Project, Mexico Technical Report 3/25/08 All claims, license fees and taxes for property owned or under the control of Minefinders have been fully paid and are up to date. All concessions have been converted to exploitation status. Minefinders reports that surface right agreements have been negotiated with Ejido Huizopa, and certain individual members of the Ejido to allow Minefinders access and the right to carry out exploration activities up to and including all mining operations. (An "ejido" is a uniquely Mexican institution set up by the government during a period of land reform. It is a rural agricultural cooperative having well-defined property rights.) A new contract with the Ejido, signed in November 2006, terminates the old contract of 1997. The new agreement grants Minefinders irrevocable use of land for the mine and roads for a term of 15 years with a right to extend for 15 more years. Principal differences from the earlier contract are increased cash payments, and other benefits to the Ejido that include construction of schools, clinics, sports fields and other infrastructure. Minefinders also agrees to provide preferential hiring for jobs and training to members of the Ejido. The area containing the Dolores Resource as well as the land on which leach pads and processing plant lies within the limits of land held by Minefinders. Lic. Victor Garcia Jimenez, from the law firm of Garcia-Jimenez & Asociados, has searched his records as well as those of the Mexican Director of Mines, and determined that the concessions are valid and that Minefinders is the legal titleholder. The claims are on file in the Municipality of Madera, State of Chihuahua, Mexico. CMD reports that the Dolores property is not subject to any environmental liabilities. The village of Dolores presently occupies an area directly over the southern end of the mineral resource. An agreement between Minefinders and Ejido Huizopa calls for relocation of the village. At the time of writing, the construction of the new town is complete. Many people continue to reside in the original town of Dolores, however 12 families have moved to the new town. Another 12 families have moved to Madera, the municipal capital, and CMD is working with the balance of families to facilitate the evacuation of the area within the pit. Minefinders has the land necessary for the current waste dump location and negotiations continue for additional land that may be needed for the future expansion of waste dumps. The company expects to complete the negotiations in 2008 _____________ As of May 8th: Local residents continued to relocate to the new village with 24 families relocated to date and 11 families in the process of moving in addition to the 49 families that have relocated outside of the immediate area. Classes have commenced for 22 students at the new Dolores school;