Palmarejo Silver and Gold Corporation
TSX VENTURE : PJO

Palmarejo Silver and Gold Corporation

November 15, 2005 09:10 ET

Reminder: Palmarejo Gold Warrants to Expire November 21, 2005

LONGUEUIL, QUEBEC--(CCNMatthews - Nov. 15, 2005) - Palmarejo Gold Corporation reminds Warrantholders that its Warrants issued upon the closing on March 21, 2005 of the business combination transaction involving the Corporation will expire on November 21, 2005. On September 22, 2005, the Corporation announced its decision to exercise its right to call the warrants. Each Warrant entitles its holder to purchase one common share of the Corporation at a price of Cdn $1.50.

To exercise their Warrants, Warrantholders must submit their exercise form along with payment of the exercise price to Palmarejo Gold Corporation, 1111 St-Charles St. West, Suite 650, East Tower, Longueuil, Quebec, Canada J4K 5G4, Attention of: Corporate Secretary.

Palmarejo Gold Corporation is a gold and silver exploration company with projects in Mexico. Additional information on the Corporation and its projects is available on SEDAR (www.sedar.com) and on the Corporation's website (www.palmarejogold.com).

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

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