Pediment Exploration Ltd (TSXV: PEZ; OTCBB: PEZFF) was featured in the December 2008 issue of Lawrence Roulston's "Resource Opportunities" letter. Please read his comments on Pediment:
"Pediment has focused its efforts on its two main projects ? the San Antonio gold project in Baja California Sur and the La Colorada gold-silver project in Sonora State, both in western Mexico. At San Antonio, an initial inferred resource estimate in June 2008 outlined 1.45 million ounces of gold in the Los Planes and Las Colinas zones of the property. Some recent holes drilled in the 500 meter zone that lies between the Los Planes and Las Colinas zones hit good gold mineralization, suggesting that there may be tonnage potential within that intervening zone. Drilling continues intended to upgrade and expand the resource.
Pediment has contracted an engineering firm to begin work on an economic assessment for the project. Last year, Pediment acquired an option on the past-producing La Colorada project and has been steadily compiling the historic data that is available. The project has a historic resource in the range of 600,000 ounces of gold and Pediment hopes to upgrade and expand that resource.
Pediment has $20 million in cash, which makes up two-thirds of its current market capitalization. The resources and expansion potential of San Antonio and La Colorada are being given little credit while the company?s extensive list of additional exploration projects are being given zero value. The completion of an economic study for San Antonio should help investors appreciate the value of the company.?
As the year of 2008 comes to an end we would like to thank all its supporters and we wish you a happy and prosperous new year. The Company is confident it will be able to continue to build on last year's successes with Pediment?s fundamentals remaining strong; having an established gold resource in the ground and being well funded which will be key for 2009.
Please call us at 604-682-4418 should you have any questions, or would like more information about the company. You can also visit us at www.pedimentexploration.com .
Neither Lawrence Roulston nor his publication, ?Resource Opportunities? are under contract to or otherwise affiliated with Pediment; Pediment has not paid any compensation to Lawrence Roulston or, ?Resource Opportunities? for the above-noted report. The views expressed by Lawrence Roulston in ?Resource Opportunities? and elsewhere are his independent views, and may not be aligned with the views of Pediment. For more information on Lawrence Roulston, his newsletter and how to subscribe, please see: www.resourceopportunities.com. Investors are encouraged to contact an independent registered investment dealer if they require any assistance with their investment decisions.
Thank you,
Michael Rapsch
Michael Rapsch
Investor Relations
(TSX-V: PEZ, Frankfurt: P5E)
#720 - 789 West Pender Street
Vancouver, B.C., V6C 1H2
P: 604-682-4418
F: 604-669-0384
Website: www.pedimentexploration.com
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