As previously released, the National Commission of Energy approved the Chiligatoro Project with an initial capacity of 5.2 mega-watts with consideration for increased capacity based on final plant design and SERNA approval.

MINE expects to receive increased capacity approval after submission of the Final Design.

* The NCE Approval defined an initial capacity of 5.2 mega-watts per hour, which equates to 45,552 mega-watts per year, and a term of 30 years for a total of 1.37 million mega-watts over the term of the agreement.

* MINE is also negotiating for a "First Right of Refusal" for renewal and allowances for all generation, sales and transmission of energy from the Chiligatoro Project.

* The approval's "Transmission Clause" provides MINE with the ability to charge transmission fees from other operators through the MINE owned transmission lines.

This project could position MINE as one of the big players in Latin America's renewable energy market.  The important part about that is that all of these players, stand to see major investment dollars coming their way!

Energy sales rates are defined by National Decree and are based on season and peak hours.

All electricity sales are paid in US Dollars for the life of the Contract. Electricity prices currently range from US$93 to US$109 per mega-watt hour of energy delivered.

SERNA and Empresa Nacional de Energia Electrica, Honduras National Electric Company ("ENEE") will further define energy sales (rates) and stipulations in the Operations Contract which is being negotiated by MINE.

Based on the current Marginal Energy rates and Honduran Clean Energy incentives as defined by National Decree, MINE expects to receive a sales mega-watt-hour rate at the higher end of the range!

MINE CEO and President V. Scott Vanis stated, "We are extremely honored to be invited to discuss our Chiligatoro Hydro-Electric Project and the future of our Company with the Honduran administration. Minerco is in a unique position to assist the Honduran government in bringing clean, renewable, alternative energy solutions, specifically hydro-electric and wind powered projects to the country."

"We are excited and proud to work with this administration to make the goal of cost effective, clean, renewable energy a reality for Honduras. This is another milestone for Minerco and we couldn't be more enthusiastic."

There are 15 carbon emission reduction projects registered in Honduras through SERNA. 

The combined projects reported a reduction of 293,427 tons of carbon dioxide emissions in 2009!

What makes MINE so unique is that the company has direct contact with the Honduran Government!

Last month MINE made a huge news splash with the announcement that they appointed Marco Rodriguez to the Board of Directors.

Mr. Rodriguez currently holds rights to 75 mega-watts of clean energy in Honduras!!!

He has worked in countries such as Chile, Colombia, Costa Rica, Guatemala, El Salvador and Honduras. He has extensive energy project experience in design, logistics, construction, government protocol and community relations in Latin America.

Mr. Rodriguez served as an energy adviser to previous Honduran administrations. His invaluable expertise and experience has been retained by the current Honduran administration in the same capacity.

He participated in the special commission that submitted a new mining law to the Honduran Government that attracted more than $200 million in investment for the sector from overseas companies!!

Currently, government policies and renewable energy legislation play a vital role in the development of renewable energy sources. Countries in the Latin American region are aware of this and have enacted favorable policies to encourage investment in non-conventional energy sources such as wind, solar and biomass.

Take a look of what the region's going to need to spend over the next 2 decades:

According to the Economic Commission for Latin America and the Caribbean, countries in this region would require an investment of $572 billion in the electricity sector between 2007 and 2030 to meet the energy demand.

You can see why renewable energy sources are so important to these regions. But don't just look at dollars and cents, look at the benefits!

The benefits of renewable energy extend to stimulating the economy and creating job opportunities. The money that is invested in renewable energy is typically spent on materials and staff that build and maintain equipment instead of importing energy.

The economic benefits of hydroelectric power are favorable in comparison to other power systems by the low maintenance and operational requirements of hydroelectric systems.

To see the success that's obtainable in this industry, you need to look no further than Green Mountain Energy Company:

* In 2008, the company generated a record $400 million in annual revenue, and despite the recession

* The company put up sales numbers during the first quarter of 2009 that surpassed those from the previous year.

* Began offering green power very regionally -- now is the largest seller of renewable energy.

We believe that with the recent heavier trading volume, the impressive news releases and their strong management team, MINE could break out quickly! 

Here is a summary of some of the key reasons that we believe in MINE:

* MINE is getting very strong interest from the Honduran Government!

* Demand for renewable energy around the world and in this specific region is growing at an intense rate!

* Bloomberg estimates that renewable energy investment spending may rise up to $200 billion this year, up from $162 billion in 2009!

* New Energy Finance estimates that governments in the U.S., China, Europe and other regions have already earmarked $184 billion for clean energy projects, two-thirds of which is expected to be spent through 2011!   

MINE has a strong management team, one member of which is a legend in the Energy and Mining Industry with over 17 years of experience!

Today more than one quarter of the electricity used around the world is generated with hydroelectric power!

With a life-span of 50 to 100 years, hydroelectric power stations have a longer lifespan compared to other types of power plant such as a nuclear power plant with a lifespan of only 30 to 40 years!

An independent research provider, Venture Research, issued a report on MINE with a $0.41 Price Target!!

You can read the report here:
http://www.claymahaffey.com/pdfs/report-MINED-0527-2010.pdf