Welcome to Golden Reign Resources

Golden Reign Resources Ltd. (TSX.V: GRR) is a Canadian based mineral exploration and development company focused on further gold exploration, while moving toward production of its 100% owned flagship San Albino Gold Project (located in northern Nicaragua - Central America's largest country.)

Initial PEA results accelerates the process of reaching a positive production decision

The Company is pleased to report key information from a Preliminary Economic Assessment ("PEA") for its San Albino Gold Project. The PEA study was prepared by P&E Mining Consultants Inc.

PEA Results for San Albino Gold Project Indicates All-In Sustaining Cash Costs of US$460 Oz Gold and Average Grade of 8.03 G/T AUEQ

Kim Evans, Golden Reign President and CEO states, "Our San Albino Gold Deposit is a low tonnage, high-margin gold project with a robust estimated average mined grade of 8.02 g/t gold equivalent. Our strategy is to establish a financeable, low-cost, profitable cornerstone operation at San Albino -- an area that represents only 2% of our landholdings." Read more >
Golden Reign Resources Ltd. (TSX.V: GRR) is a Canadian based mineral exploration and development company focused on further gold exploration, while moving toward production of its 100% owned flagship San Albino Gold Project (located in northern Nicaragua - Central America's largest country.)

Initial PEA results accelerates the process of reaching a positive production decision

The Company is pleased to report key information from a Preliminary Economic Assessment ("PEA") for its San Albino Gold Project. The PEA study was prepared by P&E Mining Consultants Inc.

PEA Results for San Albino Gold Project Indicates All-In Sustaining Cash Costs of US$460 Oz Gold and Average Grade of 8.03 G/T AUEQ

Kim Evans, Golden Reign President and CEO states, "Our San Albino Gold Deposit is a low tonnage, high-margin gold project with a robust estimated average mined grade of 8.02 g/t gold equivalent. Our strategy is to establish a financeable, low-cost, profitable cornerstone operation at San Albino -- an area that represents only 2% of our landholdings."

Our strategy, which is now well advanced to being realized, is to establish a financeable, low cost, profitable cornerstone operation at San Albino - an area that represents only 2% of our landholdings - with the aim of self-funding exploration and growing our operations in a non-diluting manner, through free cash flow. Golden Reign's vision is to replicate the success of the San Albino mine development throughout our highly prospective 138 sqkm land package."

PEA Highlights Under Gold Stream No Gold Stream
Financial Highlights (@ US$1,250/oz gold price):    
After-tax and royalties Internal Rate of Return (IRR) 37.5% 47.8%
After-tax Net Present Value (NPV)    
     @ 5% discount $ 105.8 M $ 129.0 M
     @ 8% discount $ 63.3 M $ 80.0 M
     @ 10% discount $ 46.4 M $ 60.3 M
Payback period 2.2 years 1.7 years
Life of Mine (LOM) After-tax Free Cash Flow (FCF) $ 291.6 M $ 338.6 M
Average annual After-tax FCF $ 9.4 M $ 10.9 M
Mine Plan Highlights:    
Initial capital expenditures, including $2.3 million contingency (20%) $ 13.9  M $13.9 M
Average mined diluted grade 8.02 g/t AuEq 8.02 g/t AuEq
Production Highlights (250 tpd plant):    
All-in sustaining cost AuEq $ 460 $462
Cash costs AuEq $ 424 $426
LOM gold production AuEq 676,800 oz 676,800 oz
Average annual gold payable production AuEq 21,800 oz 21,800 oz

To review the Project Sensitivities and Scalability tables go here
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