SOURCE: Enterayon, Inc.

July 05, 2006 17:33 ET

Enterayon Updates Horseshoe Property Exploration Progress

SKIPPACK, PA -- (MARKET WIRE) -- July 5, 2006 -- Enterayon, Inc. (PINKSHEETS: ETYN) announced today that its Horseshoe exploration program is proceeding on schedule. Initial reports from the field have been very positive, and over 40 samples have been expedited to the lab for a preliminary assessment. One adit that had been obstructed for decades was uncovered, and the crew reports several large grab samples with significant mineralization were obtained for analysis. In addition, the High Grade showing is now completely exposed, and lab results on those initial chip samples should also be available shortly.

The Horseshoe Property is located about 12 kilometers south of the town of Stewart and consists of five contiguous staked claims composed of 52 units that cover approximately 1,400 hectares. To date, three zones of gold-silver mineralization have been identified within the claim area associated within strataform, siliceous sulphide-rich beds.

In addition to a concentrated 1200-foot diamond drilling program in the previously identified target zones, an extensive property-wide aerial geophysical survey is currently being planned for mid-July to identify additional deposits within the claim areas.

The exploration program is scheduled to extend at least through the month of July 2006, weather-permitting. Should circumstances warrant, the company is prepared to extend the program's duration. Results of the program are anticipated to be announced before the end of Q3 2006.

Mr. Warner Gruenwald, chief geologist and principal of Geoquest Consulting Ltd, is the Qualified Person (QP) as defined by National Instrument 43-101.

About Enterayon, Inc.

Enterayon, Inc. engages in the exploration, acquisition, development, and mining of precious metal and other mineral properties. The company conducts various phases of mining, including early stage exploration, exploration drilling, development drilling, feasibility studies and permitting, construction, and operation of mining properties.

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although Enterayon, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by Enterayon, Inc. or any other person that the objective and plans of Enterayon, Inc. will be achieved.

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