* Provides corporate update
* Says approved an exploration budget of approximately cdn$17.0m for 2009
* Says continues to evaluate a number of strategic alternatives
* Says informed Fresnillo Plc co has created independent committee to identify
and retain valuator
* Says valuator to prepare valuation of co as required under applicable
securities legislation
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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