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Genco Resources completes $25 million private placement

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Haywood Securities Inc.

On July 16, 2007 Genco Resources Ltd. announced that it had completed a private placement of 6,666,666 Units for gross proceeds of $25 million. The Agents were Haywood Securities Inc. and Salman Partners Inc. The net proceeds of the placement will be used for exploration of Genco's mining concessions covering the Temascaltepec Mining District in Mexico, development at its La Guitarra mining complex, capital investments at La Guitarra and general working capital. Haywood Securities was advised in this transaction by Blair Horn, Darrell Podowski and Benjamin Lee of Fasken Martineau.



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