Pachamama Resources Ltd.
TSX : PMA

April 30, 2009 09:01 ET

Pachamama Resources Ltd.: More Drill Results From Rio Grande

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 30, 2009) - Pachamama Resources Ltd. ("Pachamama" or the "Company") (TSX VENTURE:PMA)announces the results from the final twelve holes (6,523 m) of the 2008 drilling program at the Rio Grande copper-gold project, northwestern Argentina. The holes were drilled in the Discovery, North, and #7 zones to offset previously identified mineralization in these areas. All twelve holes intersected zones of significant grade copper-gold mineralization and confirm the presence and continuity of mineralization in the Discovery and North zones. The more significant intercepts from the twelve holes reported in this release are as follows:

- RGA-08-66: 111 m with 0.39% Cu, 0.39 g/t Au and 5.4 g/t Ag

-- includes 17 m with 0.55% Cu, 0.68 g/t Au and 6.5 g/t Ag

- RGA-08-69: 166 m with 0.35% Cu, 0.44 g/t Au and 5.6 g/t Ag

-- includes 30 m with 0.63% Cu, 0.79 g/t Au and 12.1 g/t Ag

- RGA-08-73: 59 m with 0.54% Cu, 0.59 g/t Au and 7.3 g/t Ag

-- includes 16 m with 0.75% Cu, 0.97 g/t Au and 7.3 g/t Ag

- RGA-08-74: 44 m with 0.68% Cu, 0.75 g/t Au and 6.4 g/t Ag

- RGA-08-77: 69 m with 0.43% Cu, 0.57 g/t Au and 4.2 g/t Ag

-- includes 25 m with 0.62% Cu, 0.83 g/t Au and 7.6 g/t Ag

Note: intervals have been rounded to the nearest metre.

Please see Table 1 below for a complete summary of the new results and refer to the Company's website at www.pachamamaresources.com for drill-hole location maps and additional information.

John M. Leask, President and CEO of Pachamama Resources Ltd., commented as follows:

"The 2008 drill results from Rio Grande continue to expand and define the zone of mineralization at the project. Two distinct possibilities are emerging for economic success at Rio Grande; the first being an open-pit, near surface resource and the second being a deep high-grade, bulk mineable underground deposit. To determine the likelihood of either, or a combination of, these two scenarios, metallurgical tests as well as deeper drilling will be required."



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Table 1
Highlights of Drilling Results at Rio Grande to April 30, 2009
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Drill Hole Copper Gold Silver
Number Zone Interval Length (%) (g/t) (g/t)
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127-145 m 18 m 0.31 0.34 3.9
237-247 m 10 m 0.29 0.22 4.2
RGA-08-66 North 253-267 m 14 m 0.22 0.20 2.4
275-386 m 111 m 0.39 0.39 5.4
incl. 327-344 m 17 m 0.55 0.68 6.5
715-727 m 12 m 0.37 0.39 7.7
---------------------------------------------------------------------------
RGA-08-67 #7 19-47 m 28 m 0.21 0.38 5.3
113-128 m 15 m 0.33 0.19 3.5
---------------------------------------------------------------------------
4-50 m 46 m 0.34 0.17 2.9
RGA-08-68 #7 68-127 m 59 m 0.35 0.19 3.7
166-190 m 24 m 0.34 0.45 3.7
---------------------------------------------------------------------------
111-277 m 166 m 0.35 0.44 5.6
incl. 155-185 m 30 m 0.63 0.79 12.1
RGA-08-69 North 297-371 m 74 m 0.31 0.32 3.2
incl. 347-357 m 10 m 0.57 0.67 5.6
423-443 m 20 m 0.24 0.24 2.8
---------------------------------------------------------------------------
55-79 m 24 m 0.29 0.14 7.9
RGA-08-70 #7 113-129 m 16 m 0.23 0.05 4.6
143-153 m 10 m 0.29 0.18 2.2
171-187 m 16 m 0.31 0.40 5.1
---------------------------------------------------------------------------
RGA-08-71 #7 311-344 m 33 m 0.17 0.25 18.7
373-386 m 13 m 0.26 0.19 4.3
---------------------------------------------------------------------------
355-362 m 7 m 0.57 1.32 33.0
RGA-08-72 Discovery 380-411 m 31 m 0.21 0.39 5.3
586-612 m 26 m 0.23 0.30 14.1
---------------------------------------------------------------------------
163-216 m 53 m 0.37 0.35 3.3
230-246 m 16 m 0.36 0.19 3.0
252-271 m 19 m 0.39 0.38 4.9
RGA-08-73 North 278-303 m 25 m 0.32 0.30 4.6
414-451 m 37 m 0.39 0.37 6.5
incl. 421-434 m 13 m 0.61 0.57 8.2
457-516 m 59 m 0.54 0.59 7.3
500-516 m 16 m 0.75 0.97 7.3
---------------------------------------------------------------------------
48-84 m 36 m 0.31 0.35 2.5
100-144 m 44 m 0.68 0.75 6.4
RGA-08-74 Discovery incl. 102-122 m 20 m 0.96 1.10 7.6
168-182 m 14 m 0.32 0.06 2.2
188-219 m 31 m 0.31 0.16 3.9
---------------------------------------------------------------------------
RGA-08-75 Discovery 220-232 m 12 m 0.29 0.44 5.1
---------------------------------------------------------------------------
RGA-08-76 Discovery 7-26 m 19 m 0.56 0.37 7.1
91-149 m 58 m 0.28 0.33 2.4
---------------------------------------------------------------------------
18-87 m 69 m 0.43 0.57 4.2
incl. 18-56 m 38 m 0.35 0.47 2.4
RGA-08-77 Discovery incl. 62-87 m 25 m 0.62 0.83 7.6
169-186 m 17 m 0.42 0.66 4.5
205-217 m 12 m 0.30 0.39 5.7
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Note: intervals have been rounded to the nearest metre.


Reported mineralized intervals represent down-hole lengths and do not represent true thicknesses. The mineralized zones at Rio Grande are generally tabular bodies that form an annular sheet that dips at approximately 70-90 degrees inward. True thicknesses of the mineralization are estimated to be approximately 40-60% of the down-hole intercept lengths. The cut-off utilized for calculating significant intervals was 0.2% Cu and/or 0.2 g/t Au.

Discussion of Results

The twelve drill holes presented in this release were drilled as 75-100 m offsets to previously completed drill holes at the Discovery, North, and #7 target zones at the Rio Grande project. The holes are typically drilled at inclinations of minus 60-70 degrees to traverse the defined zones of mineralization and are aligned to form drill fences spaced at 75-100 m intervals along strike. All significant mineralized intervals from the drill holes are listed in Table 1 above (please refer to the Company's website at www.pachamamaresources.com for drill-hole location maps and additional information).

The holes intersected a complex sequence of intermediate composition dikes and sub-volcanic intrusive rocks with variable degrees of potassic, calcic, and propylitic alteration and local late-mineral to post-mineral dikes of intermediate composition. Copper-gold mineralization encountered in the holes consists of predominantly oxide minerals with only traces of chalcopyrite present at the upper levels and increasing amounts of partially oxidized chalcopyrite deeper in the holes. The deepest intercepts (typically below 400 m depth) consist of chalcopyrite-magnetite-pyrite. The level of complete to partial oxidation in the North and #7 zones varies from 360-460 m deep and in the lower elevation Discovery zone varies from 200-400 m deep.

Copper-gold mineralization encountered in the holes in the Discovery and North zones was of similar grades and thicknesses to previous holes in these areas. Drilling at the #7 zone along the western margin of the Rio Grande system intersected copper-gold mineralization but of lower grade than encountered in limited previous drilling in this area. Additional drilling will be warranted to further characterize the #7 zone and the connection to the northeast to the North zone.

Security - Chain of Custody and Quality Control

Antares' security, chain of custody and quality control is described on their website and can be reviewed at: http://www.antaresminerals.com/BestPractices/SamplingMethodologies/tabid/88/Default.aspx.

This news release has been reviewed by John M. Leask, P.Eng., President and CEO of the Company, and a Qualified Person ("QP") as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

About Pachamama Pachamama is a mining exploration company formed as a spin-out of Mansfield Minerals Inc. in November 2008. The mineral assets of Mansfield, with the exception of the Lindero gold deposit, were transferred to Pachamama together with certain cash and investments. The Company is currently focused on the Rio Grande copper-gold project in northwestern Argentina. Antares and Pachamama each own an undivided 50% interest in the Rio Grande project.

On behalf of the Board of Directors,

John M. Leask., President & CEO

Caution Regarding Forward-Looking Statements

Caution Regarding Forward-Looking Statements - This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf.

Mineral resources do not have demonstrated economic viability and future in-fill drilling and scoping, pre-feasibility and feasibility studies will determine what percentage of the inferred resource can be placed into the mineable category. The Company is not aware of any environmental, permitting, legal, title, taxation, socio-political, marketing or other issue which may materially affect this estimate of mineral resources.

The TSX Venture does not accept responsibility for the adequacy or accuracy of this release.

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