RECENT NEWS

12.06.11 - Ecuador's President says $3-billion worth of stalled mining contracts will be signed within a matter of days.
12.01.11 - Formula Resources to Establish Copper Subsidiary
12.01.11 - FORMULA RESOURCES GRÜNDET EINE KUPFER-TOCHTERGESELLSCHAFT
11.28.11 - Formula Resources is currently negotiating to acquire a significant copper project in Ecuador.
10.10.11 - Formula Resources continues with sampling and early stage work in Ecuador.
10.3.11 - Formula Resources signs agreement to purchase gold project in Ecuador.

MINING RESOURCES

       Of the 8 top gold producers in the 
       world, 6 are below their production 
       capacity irrespective of 
       increasing prices.

Exploration & Reclamation

Gold and Silver have proved to be excellent investments over the last few years, moving from $275 to over $1,700 for gold and from $4 to $35 for silver, with much more possible growth to come. FORMULA RESOURCES has been able to secure or negotiate properties with a high degree of potential. Areas of focus in parts of Ecuador have already shown to be probable producers. So far this year, gold and silver have shown their relative strength in a market where currency devaluation is a real possibility, and therein lies the opportunity. Increased demand in Asia is also a strong indicator that high prices are most likely here to stay. Therefore, the company has decided to work in areas where stable costs, which are low relative to North America, contribute to the company’s likelihood of success and profitability.

FORMULA RESOURCES is very excited to have acquired a 144 has. property in Ecuador. Preliminary work has already begun and the company looks forward to analyzing these results shortly.

FORMULA RESOURCES also believes in employing ethical business practices and engaging with communities, businesses and governments and to operate in work areas with integrity.