Eric Sprott Sees US$2,000/oz Gold and US$50/oz Silver in 2011

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Nothing short of global stability and rational central bank behavior will change the bullish opinion on gold and silver of Eric Sprott, Chief Investment Officer and CEO of Sprott Asset Management. Gold closed on April 8, 2011 at new all time high of US$1,474.52/oz and silver closed at a 31-year high of US$40.91/oz.

Chief Investment Officer and CEO of Sprott Asset Management, Eric Sprott, was quoted this week saying "$2,000 gold and $50 silver are possible in 2011" and stated nothing short of "global stability and rational central bank behavior" would change his bullish opinion on the precious metals. Sprott did not offer specific equity investment vehicles to capitalize on however Market Equities Research Group offers below some possible ways for exposure to precious metals including a review of Canamex Resources Corp. a unique Canadian-based mineral exploration mining company with a large tonnage gold project in Nevada with an historic (non 43-101 compliant) resource estimate of 383,000 oz Gold.

A full review of Canamex is available at http://www.miningmarketwatch.net/csq.htm online.

Simple ways to gain exposure to precious metals are to buy a senior producer focused ETF such as Market Vectors-Gold Miners (GDX), Global X Silver Miners ETF (SIL), or a junior focused ETF such as Market Vectors Junior Gold (&Silver) Miners ETF (GDXJ). However the problem with these ETFs is that they funnel attention to a select few companies whereas there is a large universe of fast growing gold and silver stocks that offer exceptional risk-reward scenarios. One such company that appears poised for upside share price appreciation in 2011 is Canamex Resources Corp. with only ~39M shares outstanding and trading under CDN$0.25. Canamex's Bruner Gold Project in Nevada is a large tonnage gold project with an historic (non 43-101 compliant) resource estimate of 383,000 oz Gold, similar in style to Kinross & Barrick's nearby Round Mountain Mine which has produced over 10,000,000 ounces gold in the last 20 years via low cost open pit bulk mining heap leach operation.

Recent drilling and hydrometallurgical testing on Canamex's Bruner deposit affirms the belief that with continued success there exists the potential to conceivably emulate Round Mountain. The recent exploration efforts by Canamex on Bruner are part of a process of bringing current the historic (non NI 43-101 compliant) resource estimate of 383,000 oz Gold established in 1991, since that time an additional 86 holes have been drilled within and along strike of the resource area.

Like the Round Mountain Mine deposit Canamex's Bruner deposit material is low grade but as demonstrated in recent "bottle roll" tests is leachable with average gold recoveries in excess of 90%. Historic production at Canamex's Bruner includes ~100,000 ounces at an average grade of 0.56 opt gold. CSQ.V definitely confirmed the potential at Bruner in its last round of drilling with intercepts of over 300 feet of low grade in one hole with a five foot veinlet averaging close to 10 g/t gold with decent silver grades too. The deposit also appears to be open ended with oxidization occurring to at least 800 feet beneath the surface. In short, Bruner appears to be a significant deposit.

New President Joins Canamex Resources:
Successful investors will acknowledge the old adage "it is necessary to have the right people at the top to unleash a company's potential". Such is the reasoning for the appointment of Greg Hahn, a Certified Professional Geologist and a geological engineer with more than 35 years of experience in exploration and mine development, as the new President and CEO of Canamex. The Bruner gold project is now considered such a solid gold prospect for Canamex that it strategically forms a baseline project that can be expanded upon and act as a backstop while it juxtaposes exploration efforts on a possible second front (we note that Canamex is actively vetting highly prospective prospects in South America) and Mr. Hahn is certainly one of the most talented people in the business able to unleash Canamex's potential. Mr. Hahn has a curriculum vitae that reveals a track record of repeated successes;

He is a principal of Greg Hahn Consulting, LLC, a mining and geological consulting firm. Mr. Hahn was a founding director and shareholder of Marathon PGM Corp. in 2003, which was sold in November 2010 to Stillwater Mining Company for $170 million, and director, Interim President & CEO of Metalline Mining Company, where he was co-lead director on structuring a merger with a Vancouver-based entrepreneurial and mineral exploration group that resulted in an increase in Metalline's market cap from $20 million pre-merger a year and a half ago to +$140 million today. From 1995 to 2007, Mr. Hahn was President, Chief Executive Officer and a director of Constellation Copper Corporation, where he was instrumental in bringing the Lisbon Valley copper mine through permitting, engineering, financing, construction, and initial operation. Prior to Mr. Hahn's position with Constellation Copper Corp., he was Vice President for St. Mary Minerals Inc. for four years, examining investment opportunities in Latin America, and Chief Geological Engineer for CoCa Mines Inc. for five years, where he helped construct and operate two open pit heap leach gold and silver mines in the 1980s. He spent ten years previously with Noranda Inc. as an exploration and pre-development geologist. Mr. Hahn received a B.A. in Earth Sciences from Dartmouth College and an M.S. in Geology and Geological Engineering from Michigan Tech.

A full review of Canamex is available at http://www.miningmarketwatch.net/csq.htm online.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.

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ALFRED SEUNG
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