Palmarejo Silver and Gold Corporation
TSX VENTURE : PJO

Palmarejo Silver and Gold Corporation

October 21, 2005 08:56 ET

Palmarejo Gold Corporation Updated Technical Report

LONGUEUIL, QUEBEC--(CCNMatthews - Oct. 21, 2005) - Palmarejo Gold Corporation (TSX VENTURE:PJO) is pleased to announce that a Technical Report for its Palmarejo Gold/Silver Project in Chihuahua State, Mexico has been filed on SEDAR (www.sedar.com) to support the updated resource estimate announced on September 20, 2005.

The Technical Report was prepared by Michael M. Gustin of Mine Development Associates, Inc. of Reno, Nevada in compliance with National Instrument 43-101. It will also be available on the Company's web site (www.palmarejogold.com).

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

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