Item 7.01 Regulation FD Disclosure

On July 29, 2009, we entered into an agreement with Sunergy Inc. for the final terms for the sale of the Nyinahin Mining Concession to Sunergy. Pursuant to the agreement with our company, as amended, the outstanding consideration payable by Sunergy consisted of $237,500, which was due on April 30, 2009. In full and final satisfaction of all amounts, we have agreed to accept 2,000,000 restricted shares of common stock of Sunergy. The result is that Sunergy will have provided a total share and cash consideration of $1,012,500 for the acquisition of the Concession, given the amounts previously provided.