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The Green Baron Report

Thursday, July 1st, 2010

NEWS ALERT

Green Baron “Stock Pick” (SLGX) Readies for Airborne Geophysical Survey

 Natural Resource Development

Sillenger Exploration Corp. (SLGX)

 New Website at www.Sillenger.com

The Green Baron Report Identified Sillenger Exploration to be the Next Major Resource Stock; We Believe SLGX Management has Identified the Right Opportunities at the Right Time in Africa, & Predict Huge Gains in SLGX

The Green Baron Report stated to members in our May 6th report, “SLGX should provide triple digit returns over the near term, and many times that over the long-term". Today's press release is further confirmation that SLGX is right on track to reach our expectations.

The purpose of doing an airborne geophysical survey of this magnitude is to provide the Government of Equatorial Guinea and Sillenger with a detailed geological mapping of Rio Muni and a portion of its continental shelf, to enable the country to unlock its vast mineral wealth by developing its mining industry. This survey will create one of the most current, extensive, and sophisticated geological databases in all of Africa, if not the world.

SLGX is a fully reporting Company that currently trades on The Bulletin Board.  Although an operating company since 2007, the focus of the company has now shifted and significant changes are taking place.  SLGX stock is represented by a growing list of market makers and typically trades with a spread of .05 per share. The majority of stock is controlled by insiders and investors we are confident have a long-term investment horizon.  There are 40,811,000 shares outstanding.
 

Sillenger Readies for Airborne Geophysical Survey

Thursday July 1, 2010, 8:00 am

TORONTO--(Marketwire - 07/01/10) - Sillenger Exploration Corp. ("Sillenger") (OTCQB: SLGX) (Pinksheets:SLGX - News) and its airborne survey partner, Fugro Airborne Surveys, recently conducted a joint-reconnaissance flight of the Rio Muni area of the Republic of Equatorial Guinea to see the region firsthand, and to get a better sense of the size and scope of the survey. It is expected that all the necessary Government permits and procedures will be in place within the next week to enable Fugro Airborne Surveys to establish their base of operations at the airport at Bata, in Rio Muni. Fugro personnel currently stationed in Equatorial Guinea are organizing pre-survey strategy, planning and logistics. The survey aircraft is expected to arrive in Bata by mid-July, and once final equipment configuration is completed, the survey is expected to commence during the third week of July.

Fugro will be using a specially modified De Havilland DH7 (Dash-7) fixed-wing multi-system platform. The system will employ a high-sensitivity Magnetometer for magnetics, a Gamma-ray Spectrometer for radiometrics, and Fugro's new MEGATEM® 30 channel multicoil Electromagnetic system, one of the world's most powerful and sophisticated EM systems in existence today. This multi-system provides excellent effective depth of examination and mapping for locating deep targets of all resource types. The airborne geophysical survey will cover 69,000 line kilometers at a 400-metre spacing, covering over 6.6 million acres of landmass.

The purpose of doing an airborne geophysical survey of this magnitude is to provide the Government of Equatorial Guinea and Sillenger with a detailed geological mapping of Rio Muni and a portion of its continental shelf, to enable the country to unlock its vast mineral wealth by developing its mining industry. This survey will create one of the most current, extensive, and sophisticated geological databases in all of Africa, if not the world. The database will identify the locations and types of likely resource deposits -- minerals and metals, diamonds, rare earths, oil and gas, and groundwater, offshore oil and gas -- and is a critical element of the CLP Claims Licensing Program®. The CLP will not only provide expedient fast-track regulatory efficiency, but it may provide precise locations of actual drill targets, which may further help reduce some of the costs and risks for the exploration companies, and help to facilitate effective investment decisions.

About Sillenger Exploration Corp.

Sillenger is a natural resource development company dedicated to bringing a progressive, creative and proprietary approach to natural resource exploration. It is dedicated to bringing a progressive, creative and proprietary approach to natural resource exploration.

The Sillenger CLP Claims Licensing Program® is a turnkey process used in partnership with Governments to improve the way their natural resources are managed. The Company's Government partners provide a "fast-track" to expediting all necessary permits, licenses, legal, and other bureaucratic documentation and procedures that exploration and extraction companies would require in order to begin their work programs in these countries.

The Company believes there is a strong indication that the Republic of Equatorial Guinea, which is a major offshore oil producer, is potentially rich with gold, diamonds, and other precious resources. The West Africa region hosts a number of major base metals mines extracting copper, zinc, bauxite, and iron ore. Recent exploration activity has led to the discovery of rare element strategic minerals such as uranium, tantalum, gallium and lithium.

Forward-Looking Statements

Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or Sillenger Exploration Corp.'s future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of Sillenger Exploration Corp. and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995.

Contact:

Sillenger Exploration Corp
Email: info@sillenger.com
Website:
www.sillenger.com


Investor Relations:
Telephone: 310-860-5686
Drew Farion
drewfarion@sillenger.com


MJW Communications
Marjorie Wallens
416-961-5924
mwallens@mjwcommunications.com

 

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