Pursuant to a settlement agreement between Trio, Journey Resources Corp., Sultana Resources LLC, Zico LLC and the underlying owners of the Empire property, Trio and the owners have agreed to mutually dismiss the Empire Mine litigation which had been ongoing since June 2006. The lawsuits were dismissed with prejudice by the US District Court of Idaho, and are fully and finally settled. All underlying agreements have been annulled, and Trio has released any claim of interest it has in and to the Empire Mine property.

As part of the settlement, Zico has agreed to make a cash payment of CDN$1,000,000 to Journey on or before July 3, 2008 in consideration for 100% of Trio’s and Journey’s work product relating to the Empire Mine; subject to satisfactory due diligence by Zico. Upon receipt of Zico’s payment, Trio and Journey will release their interest in all adjoining claims held by Journey/Trio, and to the entire work product produced by both Trio and Journey. Journey has agreed to pay Trio a total of CDN$100,000 upon receipt of Zico’s payment.