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LATIN AMERICA: Feasibility studies to be completed by the second half of 2007 could lead to $2,...

PROJECT OVERVIEW

Canada-based FALCONBRIDGE LTD. is currently involved in 2 mine development project feasibility studies that are scheduled for completion by the second half of 2007. One project, the El Morro copper/gold property is in Chile while the other involves the El Pachon copper/molybdenum mine in Argentina.

According to Aaron Regent, FALCONBRIDGE President, his company will be in a position to decide which undertaking will go first as soon as the studies are completed. In any case, the company plans to increase its copper production output from the

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