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LAVERY, DE BILLY ADVISES STINGRAY RESOURCES INC. ON A $50M DEAL

August 15, 2007

Stingray Resources Inc. has conducted a prospectus financing for more than $50M. The proceeds from the financing enabled it to fund the entire acquisition of the El Pilar project, purchased from Xstrata plc. Stingray Resources Inc. is a Canadian mining exploration company that concentrates its activities in Mexico.

Michel Blouin and Sébastien Vézina advised this client with respect to the financing and acquisition while Philip Nolan and Luc Pariseau reviewed the tax aspects of the acquisition of El Pilar.

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