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BOLEO PROPERTY

Ownership: Baja Mining owns 100% interest

Location:

Baja California Sur, Mexico

Size:

Approximately 22km long and 16km wide

Resource:

277.2 million tonnes Measured & Indicated (1.77% copper equivalent)
253.2 million tonnes Inferred (1.29% copper equivalent)



The Boleo Project is an advanced stage polymetallic (copper, cobalt, zinc, manganese) project located on tidewater on the east coast of the Baja Peninsula near Santa Rosalia, Baja Sur, Mexico. Boleo is one of the largest copper deposits in development in North America.  

Baja recently completed a Definitive Feasibility Study (DFS) on the project and is now in a position to fast-track development to achieve production in mid-2009.  The DFS is a compilation of the results of two test mining programs, two process pilot campaigns, and a +38,000 metre in-fill drill program completed on the Boleo project.

Baja is proceeding with construction financing and off-take arrangements and expect to have these completed by September 2007.

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