NEW YORK (Commodity Online): Trilliant Exploration Corp. (TTXP.OB-OTC), a fully operational and producing gold mining company with concessions in Southern Ecuador, announced on Wednesday that its fully owned Ecuadorian operating subsidiary Ayapambagold S.A has signed a Letter of Intent (LOI) with publicly traded, GB Global AG of Switzerland, (35K.Frankfurt) to purchase a 100% stake in GB Global's Compania Minera Santafemining S.A (Santa Fe). Terms of then acquisition have not been released at this time.

Compania Minera Santafemining located in the El Oro Province, Ecuador, has been in operation for since 2007. Santa Fe, which processes rock and sand tailings, is currently being retrofitted to process 150 tons of rock per day.

"We see Santa Fe as a key building block in El Oro province. The acquisition of Santa Fe's processing facilities combined with Muluncaygold will help us quickly move our Ecuadorian operations to full capacity and Trilliant expects to be operating at a combined 200 tons per day very soon," announced William Lieberman, Chief Executive Officer of Trilliant Exploration. "Trilliant will be in full compliance with the new mining laws of Ecuador which come into effect in February of 2010 and maintain that Mining companies be operating at a minimum of 100 tons per day by that time. Trilliant Exploration plans to be a very positive example for foreign investors into the mineral rich country of Ecuador," he added.
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Trilliant Exploration Corporation is a producing mineral exploration and development Company with its Administrative offices located in New York and principle operating concessions in Southern Ecuador, South America. The Company is engaged in gold mining and related activities, including exploration and acquisition of gold-bearing properties, the extraction and processing of ore, and reclamation of mining properties.

Trilliant Exploration is currently exploring new opportunities in El Oro province and is continuing its upgrade of Muluncaygold Corp S.A. The Company is well on track to ramp up its ore processing capacity to 200 tons-per-day by the third quarter of 2009 and plans to reach its goal of 750 tons-per-day within the next 18 months.

The company's Muluncay Gold Project currently processes rock at 50 tons-per-day producing an average of 6 to 8 grams of gold per ton from its concessions located in the center of the Portovelo-Zaruma mining camp. The Portovelo-Zaruma region has conservatively produced 4.5 million ounces of gold since 1905. (Courtesy: PRNewswire)