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  Pediment Exploration Ltd.  
TICKER:  PEZ:TSX-V; PEZFF:OTCBB; P5E:FSE
DESCRIPTION:  Pediment Exploration Ltd., a junior gold explorer, has been exploring in Sonora, and Baja California Sur, Mexico for the past two and a half years. In the Baja, the company is currently developing a gold resource with an extended drill program, and in Sonora Pediment, is focused on the recent acquired La Colorada project, a past producer.

Listen to Jay Taylor talk about Pediment Exploration on the Korelin Economic Report.

WEBSITE:  http://www.pedimentexploration.com
Pediment Announces Acquisition of El Triunfo Mineral Reserve (8/28/08)   MD&A 12/31/07   Financial Stmt 12/31/07 Company Presentation 4/08 Financial Stmt 9/30/07   MD&A 9/30/07

The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates.
The Gold Report "Several key developments have occurred recently for Pediment. All are very positive for the company in my opinion. First the company has added a key member (Chester Miller) to their board, who has a ton of experience at developing a resource like the San Antonio discovery. Chester was part of the El Dorado story and was also a founder and developer of Glamis Gold. If you remember, Glamis Gold was eventually purchased by Goldcorp. This type of situation (San Antonio and La Colorado) is right up Mr. Miller’s area of expertise that should be very influential in moving these resources into the development stage. To have someone of Chester’s background and experience come on board shows a very strong vote of confidence in the projects. He is a very welcome addition to the team.

San antonio Project: To date on, we have drilled 37,000 meters and currently have a resource calculation of 1.45 million ounces. As the 43-101 is updated later this fall with all the drill holes, we should easily see a number that is near the 2 million ounce range. For investors who may be worried about the current share
price, stop your worrying and buy more shares at these ridiculous levels. Do you know how rare it is to identify, drill, and discover a two million ounce gold project within two years that is in a friendly jurisdiction? More importantly, they have spent only $3.50 an ounce to discover these ounces! This is outrageously successful compared to other junior companies.

Since inception of the company, they have raised $33 million dollars and still have $18 million in the bank. Over $11 million of that $33 million went into exploration. A total of 200 drill holes have been drilled thus far at San Antonio. The 1.45 million gold ounces stated in the 43-101 only include 75 of those holes. 60 to 70 more holes will be released in the next few weeks which should continue to add to the 43-101. My guess is that some of these holes will connect the Las Colinas and Los Planos zones
which will be very important for project economics. The company only has 36 million shares outstanding with a fully diluted position of 41 million shares at this point. They have no need to raise funds at this point and have another $800,000 coming in this fall
from warrants that are in the money. The remaining warrants are out of the money at the moment so the company is in excellent shape. If that is not enough, the company should be making plenty of news regarding their La Colorado project which has been a past producer twice in its long history. Chester Miller was involved at La Colorado
when it was last in production and knows this project first hand. I am very optimistic that Pediment can put this project on a fast-track to production once again and begin generating a significant cash flow and profit from operations. I expect to see a flurry of news coming from PEZ in the near future regarding their intentions at La Colorado.
All in all, I am very excited about the prospects for the company as our market makes the turn and heads for higher ground. I see PEZ making a new high as that happens.
Pediment is a STRONG BUY at current levels." (8/08)
    -   Mining Speculator

The Gold Report "Pediment Exploration received “excellent” results from metallurgical testing of samples from the Los Planes zone of its San Antonio gold project in the Baja California Sur. Results indicate that the gold can be recovered by cyanide leaching. Drilling continues at the project to further expand and to upgrade the 1.32 million ounce gold resource that was estimated in June. Work is now being done to determine the best mining and extraction processes for the project. A preliminary economic assessment is expected later this year. Work is also underway on several other exploration projects in Mexico." (8/08)
    -   Resource Opportunities

The Gold Report "Pediment Exploration Ltd. reported results from bottle roll testing of its initial set of nine composite samples of its Los Planes gold zone. Samples were grouped and composited for the Company by SGS Laboratories to test "high", "median" and "low" gold grade material from each of oxide, oxide-sulphide mix, and sulphide ore types. The average gold recovery for all nine composites after 96 hours of testing was 78.5%, with a variance from 88.6% for high-grade oxidized material to 67.7% for high-grade sulphide material. The Company considers these to be excellent initial results. Concurrently with the on-going definition and exploratory drill testing at San Antonio, a sampling program will be undertaken to optimize potential mining and extraction processes based on gold recovery by cyanide leaching." (7/10/08)
    -   CNNMoney.com

The Gold Report "Pediment Exploration yesterday said it has received a preliminary mineral resource for its 100% owned San Antonio gold project in Mexico, which estimates 1.45 million inferred gold ounces. Its shares surged 9% to $1.63." (6/16/08)
    -   stockhouse.com

The Gold Report "Despite establishing a substantial gold resource at San Antonio and positing quality assays from the Los Planes zone, Pediment's share price remains mired in the summer doldrums. Given the inherent value in the ground at San Antonia, I expect this situation to turn around in the broader market over the next few months. A strong buy under C$$1.60." (7/08)
    -   Gold Newsletter




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