Company Information for Genco Resources Ltd

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Company Statement

Genco Resources Ltd. is a publicly traded junior silver mining company. Genco's core assets are multiple mining sites including the La Guitarra Mine located in the company's wholly-owned Temascaltepec Mining District of central Mexico. This district is part of the Sierra Madre silver and gold Metallogenic Province that has historically produced some of the world's most exceptional mines. La Guitarra Mine produces precious metals from a classic epithermal vein system, part of a mineralized corridor which extends 15 kilometers in length and averages 4 kilometers in width. The corridor includes exceptionally high "bonanza" grades and multiple bulk tonnage targets.

Genco is committed to both enhancing shareholder value and fully realizing the vast potential of the Temascaltepec Mining District to create one of the premier Silver Mining Companies in the World.

Current Operations

Operations:
La Guitarra Mine
San Rafael Mine
Mina el Rincon
Temascaltepec
Mina de Agua

Exploration:
Nazareno Development

Genco Resources has completed over 55,000 meters of exploration and infill drilling on its wholly owned Temascaltepec Mining District in Mexico. Upon the completion of this initial drill program the company embarked upon a second phase II drill program of 50,000 meters.

The Initial drilling program increased Reserves 57% and increased Resources-280%, an astonishing accomplishement. Results of the initial programs caused your Board of Directors to initiate a full feasability study for a Major Mine Expansion. Following conclusion of the study futher information will become available.

Current Objectives include:
1.Near Mine exploration and Development.
2.Continued Drilling to upgrade Resources to Reserves to more accurately determine mining methods and mine planning.
3.Acceleration of Underground Mine development to Increase Production-both to fully utilize the current mill capacity but augment and enhance the interim operations.
4.Establish new production centers to provide head-end ore.
5.Test Underground Bulk Mining Methods to Lower Mining Costs
6.Complete Feasibility Study.

Upon the completion of the feasability study additional information will become available. Through ownership of a vast land package consisting of 397 square kilometers, Genco controls the Temascaltecpec Mining District. This district is located in the Southeastern end of the Historic and prolific Sierra Madre Occidental Belt in Mexico. The district hosts well known, mineralized polymetalic low-sulphidation epithermal vein systems. The Silver-gold mineralization is hosted in veins which vary in width from less than one meter to over 25 meters. There are in excess of 100 veins identified on the property with four main vein trends: La Guitarra, Mina de Agua, Nazareno/El Colosso, and El Rincon. The main vein trends in addition to numerous vein occurances are distributed over a 15-kilometer-long by 4-kilometer-wide section. In this section only 5% of the known (100+) veins have been explored using modern methods.

Gold and silver mineralization in the Temascaltepec district was first discovered by Spanish miners in the mid 1500s and by the 18th century, the district was one of Mexico's largest silver producers. Historical reports indicate that Mina de Agua mine produced 10% of Mexico's mineral wealth while in production. The mine was know for bonaza-type grades, recorded at several kilograms of silver and several tens of grams of gold per tonne.

Current Mining Operations.
La Guiterra-San Rafael is a trackless underground mining operation. Consisting of six main haulage levels developed within the La Guitarra section of the mine. With the discovery of San Rafael a new ramp was driven from the lowest portal level of La Guiterra to San Rafael. Modern operations began in the early 1990's employing a cut and fill operation, with stope access via ramps from the four main haulage levels, spaced =/- 70 meters apart. Scoop trams muck the ore from the cut and fill operations and ore is transported to surface utilizing 14 tonne standard dump trucks. Backfilling of stopes subsequently occurs.

Current Milling Operations.
Milling operations combine two stage crushing followed by milling. Milling circuits are comprised of multiple ball malls running in parallel. The crushed and milled ore is then sujected to a three-stage floatation circuit to produce a silver concentrate. Average recovies for silver is 88% and 86% for gold.

In the third quarter of 2007, Genco appointed Kappes Cassiday and Associates as lead engineering firm for the feasability study for a combined milling and heap-leach operation with substancially increased combined capacity.

Geographical Spread

The Temascaltepec Mining District and La Guitarra mine are located approximately 80kms south-west of Mexico City, Mexico.

Board of Directors and Key Management

Board of Directors
Robert Gardner	Chairman
Greg Liller	President
Gordon Blankstein	Board Member
Richard Hughes	Board Member
Leslie Goodman	Board Member
Brian Smith	Board Member
Eduardo Luna	Board Member
James Anderson	Co-Chairman
James McDonald	Board Member
Charles E. Schroeder, III	Board Member
Wayne Moorhouse	Chief Financial Officer

Company Address Suite 550-999 West Hastings Vancouver, British Columbia, Canada V6C 2W2 Telephone: (604) 682-2205 Facsimile: (604) 682-2235 Email: info[at]gencoresources.com Website: http://www.gencoresources.com

Capital Shares Outstanding 40,850,624 Options 2,821,998 Warrants 3,733,333 Fully Diluted 47,125,056

Annual General Meeting TBA

Year End December 31st

Major Shareholders

Insider Holdings 8,900,000

Institutional Holdings 7,500,000

Related News

28/08/08 - Genco Mounted A Tricky Balancing Act During A Recent Proxy Dispute, But Now It’s Back To The Business Of Mining Silver
08/04/08 - Genco Looking To Expand Tenfold

Most Recent Statement

29/09/08 - Genco's Feasibility Study Nears Completion
24/09/08 - Genco Grants Payment Extension To Andover
07/07/08 - Genco La Guitarra Feasibility Study on Schedule
07/07/08 - Genco La Guitarra Feasibility Study on Schedule
17/06/08 - Incumbent Genco Board receives institutional support
17/06/08 - Genco Increases Mining Reserves by 76% and Measured and Indicated Resources by 751%