announcement out - 3 fold increase in s.verde!, page-7

AGREEMENT WITH MAJOR
COPPER MINER BRINGS
THREE FOLD INCREASE TO
THE RIO VERDE PROJECT
The Company is very pleased to announce the closure on a transaction
which provides Avanco 100% of an extensive tenement package adjacent
to the Rio Verde Project. The new tenure hosts an extremely prospective
14km long copper trend which clearly justifies a significant increase and
widening of the Rio Verde drill programme. Additional rigs have been
sourced and are mobilising.
HIGHLIGHTS
 Transaction completed for 100% interest in an extensive land
package which secures additional ground along strike from
the Rio Verde Project.
 The new tenements include an extremely prospective 14km
long anomalous copper trend hosting immediate and high
priority drill targets.
 The potential for a large discovery is underscored by Xstrata
Copper (Xstrata) who have elected to carry an ?option? to
?back-in? and form a joint-venture with Avanco.
 New tenure is adjacent to Rio Verde and comprises:
 Three exploration licenses for a total of 16,000ha
 Two exploration applications for a total of 10,000ha
 The three fold increase in the Rio Verde land holding
increases Avanco?s total copper footprint to a massive
38,800ha (approximately 388sq km?s).
 Three rigs are currently drilling at Rio Verde and Serra Verde
with another mobilising in the coming days. The ramp-up is
ongoing with a total of six rigs expected before the end of May
2011.