June 17, 2010-- The development of a solar-electric power plant in south central New Mexico is gaining
momentum with the formal addition of Reno, NV based Remote Energy Solutions (RES) to guide the project
through feasibility into construction. It was announced last week that RES is now a management partner and
minority owner of Warm Springs Renewable Energy Corporation (WSREC), the New Mexico company that
will own and operate the plant.

 

RES specializes in renewable energy development and energy management, including efficiency and
distributed generation for the mining sector. As part of the agreement with WSREC, RES will coordinate
permitting, interconnection/transmission studies, stakeholder engagement, technology selection and
financing for the solar plant. As lead to the development of the project, RES President Ann Carpenter has
been appointed as Chief Operating Officer for WSREC.

 

The announcement was made by Mercator Gold, a British company listed on the London Stock Exchange
that will not only hold a 70% interest in the proposed solar plant through WSREC, but which also has a
substantial interest in the planned development of a copper-molybdenum-gold-silver mine nearby. This
mine, to be operated by New Mexico Copper Corporation (NMCC), is currently in feasibility studies and
when open would potentially be a large, stable consumer of energy. In this scenario, the use of solar energy
will decrease the proposed mine’s dependency on energy from fossil fuels and reduce its carbon footprint.

 

“This project has potential to change the way mines look at energy consumption.” states Carpenter.
“It’s perhaps never been so timely for the aggressive incorporation of sustainable innovations in energy
generation. With this current project, the scale of electricity savings alone for mining operations has
the potential to be very significant, not to mention the creation of jobs and reduction of green house gas
emissions.”

Renewable energy facilities in proximal locations to mining operations optimize a mine’s extensive
infrastructure, transmission paths and road access. The generation of renewable energy has present benefit
of lowering costs, reducing greenhouse gas emissions and averting proposed carbon-related penalties under
legislation. RES foresees that the development of renewable energy at mine sites offers a sustainable plan
for the use of the land after the lifespan of mining activity has commenced.

 

On behalf of WSREC, RES plans to also develop the option of selling Renewable Energy Credits (RECs).
This approach anticipates increased demand for RECs to fulfill green energy regulatory requirements within
the Renewable Portfolio Standard (RPS) system.

 

Permitting for the development of the plant is targeted for completion by the end of 2010, with construction
targeted to commence during 2011 subject to ongoing feasibility work. Current plans are for power
generation capacity of 20MW; however the plant may grow to 80MW if market conditions are favorable.