Three Types Of Gold Veins Found By Elra At Picacho Property

Elray Resources Identifies Three Types of Gold Veins at Picacho Property in Ecuador

Elray Resources, Inc. (OTCBB:ELRA), a global exploration and production mining company with a portfolio of valuable properties, is pleased to provide the following information on the three main types of gold veins that have been identified to date in the district:

1. Veins of quartz with pyrite disseminated, clorite of lesser importance with stripes, bands and patches.

2. Veins of quartz with abundant pyrite and little calcopyrite, the lead ore and esphalerite are present as bands, patches and thick

disseminations.

3. Carbonate veins with a thick gangue of calcite and calcite-quartz, at times with lead ore, esphalerite and thick clorite located at one side

of pyrite.

Ecuador's mineral wealth is second only to its oil wealth. Until now, mining has been relatively scarce in Ecuador because most mining potential resided in the ecologically sensitive and remote Amazon rainforest. Recent new mining laws have opened the door for foreign companies to allow for sustainable, environmentally controlled exploration and development of globally accepted mining standards.

About Elray Resources, Inc.

Elray Resources, Inc. is a junior exploration and development Corporation which has successfully accumulated a portfolio of highly prospective, heavily mineralized mining tenements in South East Asia and South America. Elray Resources, Inc.'s primary objectives are to source projects, conduct geological assessments and seek Joint Venture partners to develop the properties.

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by: Bill Pennyman

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