The approval from local communities surrounding the Chiligatoro Project is another important and necessary step in the process in obtaining Congressional approval for the Project. For a step by step look at the approval process in Honduras, visit http://www.minercoresources.com/process.php.

The communities of Itibuca, Rio Grande, Planes and Togopala formally submitted their approval in an open Town Hall Meeting to the Itibuca Municipal Council on July 15, 2010. The Municipal Council granted its formal approval for the Chiligatoro Project. This is further evidence that Minerco has the right strategy for developing Clean Energy Projects in the region. Surrounding communities, specifically Rio Grande, are directly affected by all aspects of the development, construction and operations of the Project, as such, it is Minerco’s goal to insure a positive impact to all the surrounding communities both for the immediate present and into the future.

As previously released, the Environmental Impact Study and Water Contract for the Chiligatoro Project have been submitted to Secretaria de Recursos Naturales y Ambiente (“SERNA”), Honduras’s Natural Resources and Environmental Ministry. The Honduran National Commission of Energy has approved and SERNA has signed the 30 Year Operations Contract for the Chiligatoro Project.

“We are both excited and honored that the communities directly affected by our Chiligatoro Project have given their formal approval. This is another important step for Minerco in realizing its vision to provide clean, green power in Honduras and throughout the region. We look forward to working with the communities as we move forward with the Chiligatoro and future Projects,” said V. Scott Vanis, Minerco’s President and CEO.