good car modification

"Lukas Lundin looks like missing from our Lithium and REE fever: we can hardly call it an "exposure" via his holdings in Canada Zinc Metals CZX.v after investing in TNR Gold TNR.v"

"We expect Lukas Lundin to storm the junior space back with his troops. He was out of the picture for a while and put his exploration ambitions on hold consolidating Canadian Gold Hunters CGH.to, Suramina Resources and Sanu Resources. He has grown up fast first in size of the controlled assets and status of Major League by Lundin Mining and then was hit with problems followed - he was busy saving them after the crash. But now we have a few signs of his team coming back into the junior M&A market space and we would like to speculate whether it could lead to any catalyst in juniors we are following."

With this Global Exploration vehicle of Lukas Lundin group it is easier to tell where they do not have projects than where they have. NGEx Resources presented in South and North Americas and in Africa.

In Argentina Company has a few J/V deals and properties with TNR Gold TNR.v. Results from Jose Maria will be important for Batidero property under option from TNR Gold.

NGEx has recently raised capital and the most important news is that Lukas Lundin has increased his position in the company via his family investment vehicle Zebra Holdings. We are always following smart money and companies where insiders are holding a significant stake and are increasing their positions.

"TNR Gold investor acquires five million more units
2009-12-23 18:44 ET - News Release
Mr. Kirill Klip reports
TNR EARLY WARNING REPORT
Kirill Klip has acquired through a private placement, directly or indirectly, five million units at a price of 30 cents per unit of TNR Gold Corp. Each unit consists of one common share and one-half common share purchase warrant. Each whole warrant entitles Mr. Klip to purchase an additional common share at a price of 40 cents, up to and including Dec. 17, 2011. The common shares of TNR are listed on the TSX Venture Exchange. Assuming full exercise of the warrants, Mr. Klip would hold a 22.46-per-cent interest in TNR.
As stated in Stockwatch on Feb 25, 2009, Mr. Klip owned, or exercised control or direction over, an aggregate of 14,250,500 common shares, 975,000 warrants and 950,000 stock options, and a $150,000 principal amount debenture and associated warrants. Assuming conversion of the $150,000 principal amount debenture and exercise of the associated warrants, together with Mr. Klip's warrants and stock options, TNR had 85,486,983 common shares outstanding of which Mr. Klip would exercise control or direction of a 25.94-per-cent interest."

Now with recent news in Lithium sector Argentina promise the hot Summer in that part of the world, but do not discount solid Gold and Copper and we are looking for the results from announced exploration programs.






NGEx Announces Updates on South American and Eritrean Drill Programs

Follow the money: we always add - Smart Money. Lukas Lundin is building his global Exploration Play. We have our Junior Mining Economics in action. We have wrote before about our expectations of Sanu Resources SNU.v to be taken out by Canadian Gold Hunters CGH.to - our list of Juniors Top Picks 2009 is getting smaller! It is time to buy assets at still distressed valuations, later with Gold over 1000 USD/oz, Silver above 15 USD/oz and Copper solidly above USD 2.0/lb will be the time to strike J/V deals and sell in the Seller's market, when everybody will be thinking: how on earth we can get this kind of valuations before. But it is the future and it is not for certain - that is why Lukas Lundin is buying again at cents per dollar in our second chance of Junior Mining Investment cycle. We follow his touch and legacy. Our other juniors from the Top Picks 2009 are in the game with bold moves into Gold, Lithium and REE.

Lukas H. Lundin
"Chairman
Born in 1958, Lukas Lundin was raised in Stockholm, Sweden and educated at the Ecole Internationale de Genève in Switzerland. In 1981, Mr. Lundin graduated from the New Mexico Institute of Mining and Technology (engineering).At age 25 Mr. Lundin headed International Petroleum Corporation's extensive and rapidly growing international operations and was based in the Company's technical office in Dubai, U.A.E. for over 12 years. From 1990 to June 1995, Mr. Lundin was President of International Musto Exploration Limited and was responsible for Musto's acquisition of the Bajo de la Alumbrera deposit. Bajo de la Alumbrera was the subject of a $500 million takeover by Rio Algom and North Limited and is now one of the largest gold/copper producers in the world. Mr. Lundin was also responsible for Argentina Gold and the discovery of the multi-million ounce Veladero gold deposit. Veladero was the subject of a $300 million takeover by Homestake in 1999. In addition, Mr. Lundin was a senior Director of Lundin Oil AB and was instrumental in the $480 million takeover of Lundin Oil by Talisman Energy in 2001. Mr. Lundin is currently a Director of a number of publicly traded resource companies. Mr. Lundin has been a director of Canadian Gold Hunter since June 1995.A world traveler and motorcycle racing enthusiast, Mr. Lundin has twice completed the grueling 10,000 kilometre Dakar race across the Sahara Desert. He has climbed Mount Kilimanjaro, Mont Blanc and the Matterhorn. In the winter, he can be found helicopter skiing in Whistler and in summer, dirt bike racing with his four boys in Baja, California and has been a director of Canadian Gold Hunter since June 1995 and is now Chairman of the Board."

"Reuters: Says Sanu to operate as its subsidiary

* Sanu shares up 21 percent

July 2 (Reuters) - Gold miner Canadian Gold Hunter Corp (CGH.TO) said it agreed to acquire Sanu Resources Ltd (SNU.V) in an all-stock deal to expand its gold and base metal exploration and production activities to Africa.
Canadian Gold Hunter said it will issue 0.5725 of its shares for each Sanu share. Based on Canadian Gold Hunter's prior closing price of 36.5 Canadian cents, the deal values Sanu at about 21 Canadian cents a share, a premium of 27 percent to its previous close.
Shares of Sanu rose 21 percent to 20 Canadian cents Thursday morning on the Toronto Venture Exchange. Canadian Gold Hunter shares were down 4 percent on the Toronto Stock Exchange.
Sanu will be a wholly owned subsidiary of Canadian Gold Hunter after the deal closes, which is expected to occur by the end of August.
Former shareholders of Sanu will hold about 17.8 percent of Canadian Gold Hunter following the deal.
Canadian Gold Hunter, which has projects in Canada, Mexico and South America, said Sanu has projects in African nations like Eritrea, Republic of Congo and Burkina Faso.
For the alerts, please double click [ID:nWNAB4038] (Reporting by Arup Roychoudhury in Bangalore; Editing by Deepak Kannan)"

Press Release
Source: Canadian Gold Hunter Corp., Sanu Resources Ltd.
On Thursday July 2, 2009, 8:48 am EDT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2009) - Canadian Gold Hunter Corp. (TSX:CGH - News; "Canadian Gold Hunter") and Sanu Resources Ltd. (TSX VENTURE:SNU - News; "Sanu") are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") to effect a business combination between the two companies pursuant to a plan of arrangement under the Canada Business Corporations Act.
Pursuant to the Arrangement Agreement, Canadian Gold Hunter will acquire all of the issued and outstanding shares of Sanu on the basis of 0.5725 shares of Canadian Gold Hunter for each one Sanu share (the "Exchange Ratio"). All outstanding Sanu options will be exchanged for replacement options of Canadian Gold Hunter, the number and exercise price of which will be determined using the Exchange Ratio. The transaction values the Sanu shares at $0.233 per share, representing a 25% premium to the 20 day volume weighted average closing price of Sanu. Upon completion of the transaction, Sanu will be a wholly-owned subsidiary of Canadian Gold Hunter and it is estimated that Canadian Gold Hunter will have 134,161,066 shares outstanding. Former shareholders of Sanu will hold approximately 17.8% of the outstanding shares of Canadian Gold Hunter. The transaction is expected to close by the end of August, 2009.
Full details of the transaction, including the terms of the Arrangement Agreement, will be included in a management information circular which is expected to be mailed to shareholders of Sanu on or about July 22, 2009. Sanu plans to hold a special meeting of shareholders to approve the transaction and related matters on or about August 17, 2009. The transaction is subject to all requisite regulatory and court approvals as well as shareholder approval of the transaction by at least 66 2/3% of the votes cast by Sanu shareholders present in person or represented by proxy at the meeting.
The transaction has been approved by the board of directors of Sanu (with interested directors abstaining) following the unanimous recommendation of a special committee comprising Sanu's independent directors. The board of directors of Sanu recommends that their shareholders vote in favour of the transaction.
Benefits of the Business Combination
- Sanu brings to the transaction a strong portfolio of gold and base metal exploration projects in Africa. Sanu's most advanced project is the Hambok deposit in Eritrea with an NI 43-101 indicated resource (at a 0.75% zinc cutoff) of 10.7 million tonnes grading 0.98% copper, 2.25% zinc, 6.84 g/t silver, 0.20 g/t gold containing 231.1 million pounds of copper, 530.7 million pound of zinc, 2.3 million ounces of sliver, 68.8 thousand ounces of gold. There is an additional inferred resource (at a 0.75% zinc cutoff) of 17.0 million tonnes of 0.85% copper, 1.74% zinc, 5.89 g/t silver, 0.19 g/t gold containing, 318.5 million pounds of copper, 652.1 million pounds of zinc, 3.2 million ounces of sliver, and 103.8 thousand ounces of gold. Please see the NI 43-101 Technical Report on the Hambok Deposit, dated January 23, 2009 and filed at www.sedar.com for details. Hambok is located 15 kilometres from the Bisha deposit being developed by Nevsun Resources and the Eritrean Government. Additional projects include carbonate-hosted copper/lead/zinc exploration in the Republic of Congo; greenstone-hosted gold exploration in Burkina Faso; as well as volcanogenic massive sulphide copper/zinc exploration in Eritrea.
- Canadian Gold Hunter holds a large, diversified portfolio of exploration projects in Canada, Mexico, Argentina, Chile, Colombia and Peru. Projects range from grass roots to advanced resource definition stage, including the Josemaria copper/gold porphyry project with a 43-101 inferred resource of 460 million tonnes grading 0.39% copper and 0.30 g/t gold at a 0.3% TCu cut-off, containing 3.9 billion pounds of copper and 4.4 million ounces of gold. (Please see news release dated December 5, 2007 for complete information). Canadian Gold Hunter's local South American exploration team has a strong track record of success including the discovery of the Veladero gold deposit, now owned by Barrick Gold, as well as the initial recognition and development of the Bajo de la Alumbrera gold mine, now owned by Gold Corp., Xstrata and Yamana.
- Combining the two companies will create one of the strongest exploration vehicles in the industry; worldwide exploration with the backing of the Lundin Group.
In connection with the proposed business combination, Dundee Securities Corporation provided financial advice and a fairness opinion to the special committee of the board of directors of Sanu.
ON BEHALF OF THE BOARD OF CANADIAN GOLD HUNTER
Lukas H. Lundin, Chairman
ON BEHALF OF THE BOARD OF SANU RESOURCES LTD.
Paul Conibear, Chairman"