CEO, Jens Biertumpel visits with drill operator at Taber property in March, 2006.

Taber Area Farm-in Summary

Sonora Gold & Silver Corp. has entered into a joint venture with Magnum Energy Inc. and a private exploration and production company (the "Farmor") to farm-in on an initial package of six drilling opportunities in the Taber Area of Southern Alberta.

The Farmor has extensive experience operating oil and gas activities in Southern Alberta, and will operate the drilling, completion, equipping and tie-in of these wells along with follow up pool development activities.

Four of the locations can be considered as medium-risk exploration prospects, one of the locations can be considered as a lower risk exploration prospect, and one of the locations can be considered as a lower risk development prospect. Most of the drilling locations have potential to encounter both oil and gas, and they have been selected using 3D and 2D seismic data in conjunction with detailed geological interpretation. Targeted primary and secondary zones include the Sawtooth, Lower Mannville, Glauconitic, Upper Mannville and Bow Island in all of the prospects, with shallower potential zones including the Barons, Second White Specks, Medicine Hat and Milk River available for earning in some of the prospects. Most of these prospective zones have been proven productive for oil and/or gas in the immediate area.

The deeper wells are expected to TD at ~ 1000 metres and the shallower wells will TD at ~ 700m.

Upon exploration success, all of these prospects would have follow up pool development drilling opportunities in which Sonora Gold & Silver Corp. will have earned a 25% working interest. There is established gas infrastructure in the area that is expected to be within economic tie-in distance for successful gas wells, and successful oil wells can likely be placed on production shortly after completion through single well battery facilities.