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Tuesday, 12/15/2009 7:35:49 PM

Tuesday, December 15, 2009 7:35:49 PM

Post# of 72313
Ecuador Poised for Exceptional Growth in Mining Sector

Elray Resources, Inc. Well-Positioned With Its Picacho Property in South-Eastern Ecuador

Rochester, New York 12/15/2009 02:45 AM GMT (TransWorldNews)

Elray Resources, Inc. (OTC:ELRA) has entered into a Letter of Intent to acquire an exploration property. The property is named Picacho and is located in the El Oro Province in Ecuador. The area is well k known for its gold production.

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