Trilliant Exploration Corp. announced that it is pleased that Ecuadorian President Rafael Correa appointed Germanico Pinto to the cabinet and welcomes him to his new role as the Oil And Mining Minister of Ecuador.

“Minister Pinto will play a crucial role in helping mining companies, including Trilliant, and we look forward to working with the Ministry in every possible way. As a good standing tax payer in Ecuador we are committed to the long term of building the Mining sector of the country and we see this as a very positive step moving forward,” said William Lieberman, President of Trilliant Exploration.

The Ecuadorian government has said the new mining law approved early this year will open the door to a potentially lucrative and underdeveloped industry in the country and that the country’s mineral potential could amount around $110 billion.

Trilliant Exploration is currently exploring new opportunities in El Oro province and is continuing its upgrade of Muluncaygold Corp S.A. The company’s concessions are located in the centre of the Portovelo-Zaruma mining camp, which region has conservatively produced 4.5 million ounces of gold since 1905.