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Dominion Minerals Corp. (OTCBB: DMNME) is a United States based copper and gold exploration and development company focused primarily on its Cerro Chorcha Copper Project located in Panama and its gold/copper ventures in China. Cerro Chorcha is a large porphyry copper, gold, silver project located in the Chiriqui and Bocas Del Toro Provinces. Presently, the project hosts an Indicated mineral resource of 117.4 million tonnes grading 0.51% Cu, 0.07 g/t Au and 1.7 g/t Ag, and, in addition, an Inferred mineral resource of further 84.5 million tonnes grading 0.46% Cu, 0.07 g/t Au and 1.9 g/t Ag (using a 0.2% Cu cut-off grade). This represents total in-situ metal of 2.17 billion lbs of Copper, 449,000 oz. of Gold and 11.58 million oz. of Silver. The high-grade zone described above is located in the central portion of the concession and has been singled out using a 0.65% Cu cut-off grade. The deposit is open ended both at depth and extremities and the Company expect the deposit to continue to expand exponentially as the company conducts further drilling.

Using a long term price of $1.50 for copper and $650.00 for gold, Dominion has “in house” revenue potential of over $3.0 billion in copper and $290 million in gold less production cost of 30-45% of revenues. Dominion has always used long term copper and gold prices when looking at the viability of mining at Cerro Chrocha. In its early stage NPV models, Dominion has used a copper price of $1.40 per lb and a gold price of $600 per oz. Therefore, the recent decline in the commodity prices has not effected the viability of the project or the Company’s objectives.

** Does not include $10.0 million raise which closed 7/14/08.

Capital - On July 14, 2008 Dominion announced that it has successfully raised US$10,046,400 through a private placing of 21,840,000 units consisting of 21,840,000 common shares, 10,920,000 warrants exercisable at $0.46 and 3,283,000 warrants exercisable at $0.50. The maturity date of the first warrant will be 23 calendar days following the publication of a second independent resource statement for the Company's Cerro Chorcha copper project to National Instrument 43-101 standard following this transaction. The second warrants are exercisable for a six month period upon exercise in full of all the first warrants and will have a term of six months. This capital raising is occurring in two tranches, with the first tranche representing 85% of the proceeds and a second tranche, for the balance, within the 90 days of July 10, 2008. This capital raise last summer gives Dominion a significant advantage over many of the junior mining companies that now need to raise capital in a difficult market.

Strategy - Dominion Minerals are discovery driven explorers. The Company's exploration objective is to establish itself within highly-prospective orogenic and metallogenic districts. Dominion Minerals seeks to achieve this by developing multiple win-win relationships with preferred local partners for mineral exploration and production within the most exciting emerging market on the planet. In addition to its world class asset in Panama, the Company views several areas in China as future world-class mining districts. Dominion's strategy is to form an excellent portfolio of projects at various stages of development. The Company will only select mineral properties that fulfill sound geologic criteria and the latest innovative concepts. Dominion Minerals intends to rapidly assess and advance the best projects to the production phase.

Fairfax Recommendation - Dominion was recently written about by John Meyer of Fairfax I.S. PLC, who is London’s No1 ranked analyst for smaller mining companies. He has been top-ranked by either fund managers or companies since 1988. Meyer is recognised for his frank advice and his consistency of research. He draws on a broad range of experience, including work in economics, practical mining experience and training in industry. Meyer stated, ”The new NI 43-101 resource incorporates recent drilling and upgrades some 60% of mineralization into the resource. The new resource stands at 117.4mt grading 0.51% copper and 0.07 g/t please 1.7 g/t silver using a 0.2% Cu cut-off. A further 84.5mt is inferred at 0.46% copper, 0.07 g/t gold and 1.9 g/t silver. We like the project for its location in Panama and its proximity to coastal waters. The deposit is not easy to access at present but is relatively close to roads and power. Management estimate a generous $100m for a road into the site. A high-grade zone is important for early cash flow from the development of this type of mining opportunity. The updated resource confirms the presence 24.1mt grading 0.97% copper, 0.16 g/t gold and 3.1 g/t silver. The team led by Jim Gorman, formerly of Nikanor and First Quantum is leading the development of a feasibility study on the property with a new drilling campaign just starting and a further update to the resource expected in H1 2009.”

Meyer further states, “It is hoped that the project will support 100mt of ore grading over 1% copper equivalent including the gold grades. Cerro Chorcha lies near by Cerro Colorado which is known to be one of the world’s largest undeveloped copper porphyry deposits. Cerro Chorcha is a mid-sized project which could see the development of a relatively low capital cost project over the next few years. The project would suit a mid tier base metals miner and with a proven resource and feasibility study could sell for an acceptable valuation. Management are looking to develop a mid-scale mining plan for the resource. The project appears to host potential for a high-grade ‘fast-track’ open pit to accelerate the return of cash flow. The pit would have a very low initial waste to ore ratio and could return grades of over 1% to 2% or even 1.3% copper in the early years judging by some early drilling. Dominion Minerals is currently earning its way into 62.5% of the resource following the investment of $12.9m and further investment to the completion of the bankable feasibility study (BFS). We are encouraged by the release of the updated drilling and resource calculation and we look forward to the further development of an initial mine plan and scoping study.”

Cerro Chorcha Project in Panama

The Cerro Chorcha Project is located 40 kilometres from the Cerro Colorado Deposit - 1.7 billion tonnes at 0.64% copper, and 150 kilometres from the Petaquilla Deposit - 1.1 billion tonnes at 0.5% copper & 0.09 grams of gold per tonne. Petaquilla Minerals, Inmet and Teck will be investing $1.7 billion in the Petaquilla Deposit to produce 9.4 billion pounds of copper, 1.37 million ounces of gold, 24.1 million ounces of silver and 131.1 million pounds of molybdenum over 23 years. Cerro Chorcha is Panama’s 3^rd most significant copper deposit.

• Only 35km west of Cerro Colorado, one of the world’s largest undeveloped porphyry copper deposit
  • Owned by the Panamanian government
  • Expected to be put out for tender
  • Anyone looking at Colorado will want Chorcha
  • Owner of Chorcha has the chance to take “first crack” at Colorado Relationships matter: Ngobe, Bellhaven, etc.
• Signed exploration agreement and strong relationship with the Ngobe tribe
• Close to port infrastructure - proximity to David, Panama’s 3^rd largest city, a major port

Panama's mining sector has the potential for substantial growth and it is one of the most promising new areas of the economy. Mining investments are aided by a favorable mining law, which encourages foreign investment. One of the largest copper projects in Panama is Cerro Petaquilla, 120 kilometres west of Panama City and close to the Caribbean coast. The Petaquilla Project is protected by a special investment agreement which became a law, entered and approved by the government of Panama, and contemplating multiple tax and investment incentives for this project.

On March 6, 2007, Dominion signed an Exploration and Development Agreement with Bellhaven Copper and Gold, Inc. for collaboration on the highly prospective Cerro Chorcha Copper Project in Panama. Under the agreement, Dominion has the option to acquire up to a 75% interest in Cuprum Resource Corporation ("Cuprum"), a wholly owned subsidiary of Bellhaven, which owns 100% of the Cerro Chorcha Project. Upon completion of all commitments detailed below, Dominion will have an effective 65% interest in the Cerro Chorcha Project. Dominion has agreed to make the following payments and expenditures:

• Pay $500,000 to Bellhaven (paid) and issue 4 million common (restricted) shares of Dominion (4 million shares issued in escrow to be released over a 3-year period);
• Pay to Bellhaven an additional $1.5 million over the next three years on the anniversary date of March 7th (the first tranche has been paid);
• Spend a total of $15 million in exploration and development work over the next 36 months including $2 million within 12 months, an additional $7 million within 24 months and an additional $6 million by the end of 36 months (to date $3.5m has been spent).

In September 2008, Dominion announced an update to the April 2006 NI 43-101 compliant technical report and mineral resource estimate for the Cerro Chorcha porphyry copper project in Panama. Based on the new resource estimate, the Cerro Chorcha project hosts a porphyry copper deposit with an Indicated mineral resources of 117.4 million tonnes grading 0.51% Cu, 0.07 g/t Au and 1.7 g/t Ag, and an additional Inferred mineral resource of 84.5 million tonnes grading 0.46% Cu, 0.07 g/t Au and 1.9 g/t Ag, using a 0.2% Cu cut-off grade. This represents an increase in total in-situ copper to 2.17 billion lbs (52% increase from previous estimates), and gold to 449,000 oz (75% increase from previous estimates). The presence of silver mineralization has been confirmed and quantified for the first time as part of this NI 43-101 report. Importantly, the update NI 43-101 technical report also confirms the presence of a large area hosting high-grade copper-gold-silver mineralization in the central portion of Cerro Chorcha.

October 13, 2008 Update – The Company announced that Dominion and Bellhaven have signed a drilling contract with Exploraciones y Triturados del Pacifico, S.A. de C.V. ("Extripasa") of Mexico. As part of this contract, Extripasa will conduct 10,300 meters of diamond drilling across 26 holes using two large (LF-90) drill rigs. The drilling campaign has three main objectives: to delineate the recently confirmed high-grade zone at depth; to test the extent of the high-grade mineralization laterally; to explore untested promising targets within the Cerro Chorcha concession which lie adjacent to the known high-grade mineralization. Extripasa agreed to be paid on a cost-per-meter-drilled basis.

Extripasa hired under a full service contract

Throughout the drilling campaign, Extripasa will also act as turn-key contractor providing ancillary items and services, including two large helicopters, construction of helipads, transportation of all equipments and personnel, fuel, personnel for the camp, management of the camp and Cerro Chorcha site, transportation of core to the labs and additional incidentals. Extripasa's performance under the contract will be overseen by Dominion and Bellhaven personnel in Panama.

Drilling strategy for 2008/09 campaign finalised

The updated NI 43-101 technical report (press release September 4, 2008) confirmed the presence of a large area hosting high-grade copper-gold-silver mineralization in the central portion of Cerro Chorcha. (The report confirms that the high-grade zone alone already has an Indicated mineral resource of 24.1 million tonnes grading 0.97% copper, 0.16 g/t gold and 3.1 g/t silver, and an Inferred mineral resource of further 13.3 million tonnes grading 0.86% copper, 0.16 g/t gold and 3.2 g/t silver, using a 0.65% copper cut-off grade, and that the mineralization remains open at depth and in multiple directions.)

In line with the independent recommendations contained in this report, the 2008/2009 drilling program has three principal objectives:

• High grade zone - deep drilling: All holes drilled to date (vertical depth of 230 meters), appear to indicate potential for the significant extension of the high-grade zone at further depth. This potential will be further investigated in a deep drilling campaign (up to 600 meters depth) consisting of 13 holes totalling approximately 6,550 meters within the high-grade zone alone.
• Step-out drilling - A "step-out" drill program of 9 holes totalling 2,850 meters to further expand and define the high-grade mineralization at Chorcha which remains open in almost every direction.
• Promising drill targets - Based on geological, geochemical and aeromagnetic data, several anomalous target areas within Cerro Chorcha remain untested which are adjacent to known high-grade mineralized areas. The JV Partners wish to investigate those as part of this drilling campaign in a targeted exercise comprising 4 holes, totalling 1,000 meters.

Preparation of 2009 Pre-Feasibility Study has commenced

In parallel to preparing the imminent drilling program, the JV Partners have over the past two months also commenced initial preparations for a Pre-Feasibility Study. In this context, the JV Partners entered into discussions with several world-class consulting companies with a strong presence in South America. During the remainder of 2008, the JV Partners expect to select the preferred consultants for several key workstreams, including assay laboratories, metallurgical test work (flotation), ore resource calculation, mine planning and an environmental base line study.

Dominion and Bellhaven also have a signed exploration agreement with the local indigenous people, the Ngöbé people. The annual exploration expenditure was recently negotiated and stands at $287,800. This exploration agreement is the first of its kind in the area and allows Dominion and Bellhaven to conduct exploration while contributing to local social programs. The agreement also provides continuity agreements beyond exploration into extraction.

Past Exploration of Cerro Chorcha Project

Between 1969 and 2006, at least $5.3 million has been spent on the exploration and development of the Cerro Chorcha Project.

Asarco Exploration Company of Canada Ltd. ("Asarco") discovered the Guariviara Zone of the Cerro Chorcha Project in 1969 during a regional stream sediment program. By 1976, Asarco had conducted sampling (over 400 samples collected and assayed), mapping, and trenching, successfully outlining porphyry copper mineralization grading greater than 0.2% copper over an area of 600 by 300 metres. Mineralization intervals ranged from 12 metres to as much as 95 metres of copper grading 0.34% to 2.05% copper.

In 1997 and 1998, Cyprus Mineral de Panama ("Cyprus") obtained an option on the property and expanded the grids, refined the geology of the deposit, mapped and sampled outlying zones, conducted airborne radiometric and magnetic surveys and drilled an additional 9 diamond drill holes totalling 1,271 metres. The drilling extended the northern and southern limits of the mineralization. After Cyprus left Panama, the concessions remained dormant until they were officially cancelled April 15, 2004.

In summary, the database for the Cerro Chorcha Project includes 3,350 stream sediment, soil and rock samples and 4,268 samples of split diamond drill core from 7,036 metres of drilling in 35 diamond drill holes. Drilling was conducted on the main Chorcha body.

In 2005/2006, Bellhaven collected continuous, one-metre channel samples from a northeast striking zone of quartz-magnetite stockwork which had been recently exposed near the centre of the deposit. In March 2006, Bellhaven reported results from two trenches in the stockwork zone which returned an average grade of 1.89% copper, 1.44 grams of gold per tonne, and 23.28 grams of silver per tonne over a total of 61 meters.

Subsequent investigation of the area has revealed two structurally controlled stockwork districts within the main porphyry body, one striking Northeast-Southwest ("NE zone") and another striking North-South. Additional trench results from the NE striking zone and the North-South striking zone included a continuous 166 metres of 0.63 grams of gold per tonne, 0.56% copper and 6.61 grams of silver from the NE zone and 86 metres of 1.15 grams of gold per tonne, 0.23% copper and 16.61 grams of silver per tonne from the North-South zone.

Panama - The Cerro Chorcha Project was discovered in 1969 by Asarco Exploration Company of Canada Ltd. ("Asarco"). Between 1969 and 2006, at least $5.3 million was spent on the exploration and development of the Cerro Chorcha Project including 7,036 metres of drilling in 35 holes. Dominion believes there is the potential for at least 800 million tonnes of mineralization in multiple lenses in the current project with further potential to discover multiple mineralized zones from the many available targets within the 242 square kilometre concession as is typical of the Panamanian copper deposits. Dominion and Bellhaven also have a signed an exploration agreement with the local indigenous people, the Ngöbé. This exploration agreement is the first of its kind in the area and allows Dominion and Bellhaven to conduct exploration while contributing to local social programs. The agreement also provides for continuity agreements beyond exploration into extraction.

• Panama economy grew strongly¹: GDP growth: 7-7.5% p.a. since 2004
  • GDP growth expected to remain robust (7% est.) Mainly service-based economy (c. 75% of GDP)
  • Mining currently represents only 1% of GDP - expected to grow exponentially
• Panama provides important incentives for foreign investors
  • US dollar-based economy — Panama has the right to use the dollar as its par-value currency
  • Investment stability law guaranteeing foreign investors “equal rights”
  • Most flexible company laws, acting as tax haven for foreign trusts, etc.
  • Simplicity for structuring mergers, acquisitions or joint-ventures
  • High percentage of labour force is literate and bilingual (Spanish/English)
  • Government strongly incentivises foreign direct investment into the resource sector
• Panama -a new mining frontier
  • Very rich mineral endowment in copper and gold
  • Excellent strategic location for shipping of materials with water proximity and port access to the West and the East
  • Favourable mining legislation to increase economic contribution from Panama’s vast unrealised resource wealth
  • Strong growth in exploration & development investments for copper and gold
  • Petaquilla’s Molejon Gold property expected to enter production in Q1 2008

Dominion’s China Projects

China's mining industry employs more than 20 million workers in over 10,000 state-owned mines and 100,000 other mines, the latter mostly operated by small independents. Nonetheless, the country's mining sector remains largely underdeveloped with state-owned mining enterprises in particular needing foreign investment, technology and management expertise to modernize. In the past few years the Central government has taken an aggressive approach to developing the nation's mining industry which included the following measures: implementation of a new mineral law under the Ministry of Land & Resources; privatization of the mining sector; deregulation of the mining sector, particularly the gold industry and streamlining of permitting and approval processes.

Dominion also has a comprehensive Joint Venture Agreement with the Tianjin Institute of Geology and Mineral Resources ("TIGMR"), one of the most prestigious and largest government run geological institutes in China. Dominion owns a 70% interest in a joint venture company which will have projects in Inner Mongolia and the Xinjiang autonomous regions as well as potentially world-class copper-gold targets in the Tien Shan Belt. Dominion will be initially focussing on four key copper/gold targets with exciting potential.

Dominion also has an exploration and production joint venture in Shandong Province, China which has a 2,000 year history of mining and is known for its rich gold deposits. Shandong Province is responsible for approximately 25% of China's total gold output and hosts 40% of the country's proven gold reserve. In 2006, Shandong Province produced 1.14 million ounces of gold. Named as "Gold Capital of China" by the State Gold Association, Shandong Province is estimated to have reserves of 34 million ounces of gold.

TIGMR Agreement

In late 2006, Dominion Minerals Corp. signed a comprehensive Joint Venture Agreement with the Tianjin Institute of Geology and Mineral Resources ("TIGMR"). TIGMR is one of, if not, the most prestigious and largest government run geological institute in China. For a 30% interest in the Joint Venture Company - "Empire (Tianjin) Resources Co., Ltd.", TIGMR will contribute "Cooperation Area Licenses" and mineral data. Dominion will contribute $1 million representing a 70% interest in the JV co. Dominion's 70% interest is in place at this time. The Joint Venture Agreement includes properties that may contain world-class copper/gold deposits.

Dominion has also signed a Joint Venture Agreement with Diying (Tianjin) Mining Science and Technology Development Co., Ltd. ("Diying"), a 100% wholly-owned subsidiary of TIGMR, to jointly explore mineral properties solely and/or jointly held by TIGMR as well as newly identified mineral zones. Under the terms of the Agreements, Dominion and Diying will form Empire (Tianjin) Resources Co., Ltd. ("Tianjin"). Dominion owns 70% of Tianjin. Tianjin will explore for and develop metals and other mineral products as well as provide mining and exploration consulting services. Diying has been given the sole and full authority and rights for all the exploration licenses that TIGMR holds. Under the terms of the Agreement, Tianjin has the first rights of refusal for all the licensed exploration areas. The formation of Tianjin allows Dominion to expedite the exploration process with TIGMR.

Management

Pini Althaus, Chairman & Chief Executive Officer, has many years of experience with public companies, including in the mining industry. Mr. Althaus recently served as Chief Operating Officer for Golden River Resources Corporation (NASDAQ-OTC: GORV) from October 2003 to April 2006. He previously served as Director of Investor Relations & Business Development for Tahera Diamond Corporation (TSX: TAH). From 2000 to 2003 Mr. Althaus was the Director of Business Development for Ambient Corporation (OTC-BB: ABTG) which provides power line communications technology, and played a major role in successful fundings of Ambient. Mr. Althaus has lived and worked in China, providing consulting services to North American companies conducting mining and exploration activities in China. Mr. Althaus has developed key relationships with government and local personnel in the exploration and mining industry. Mr. Althaus was educated in Melbourne, Australia at the Yeshivah College and graduated from College in Israel and New York. Mr Althaus' family have been involved in the mining and exploration sector in Australia for more than 25 years, and have been responsible for some of Australia's most notable gold discoveries.

Chaim Lebovits - President and Board Member – Formerly of ACC Holdings International, Mr. Lebovits has been at the forefront of investments into mining and natural resources in emerging markets, especially the African region, for a number of years. During this time, Mr. Lebovits led and negotiated many successful transactions with and on behalf of various African governments and international mining businesses.

James Gorman, Chief Operating Officer & Managing Director - Cerro Chorcha,James (Jim) Gorman graduated as a mining engineer from Strathclyde University and is a registered professional engineer. He has 39 years of professional production, technical and executive management experience in the mining industry. Prior to his tenures at Nikanor and First Quantum (see above), James held multiple senior executive management positions including, amongst others, 20 years of work experience RTZ (Rio Tinto Zinc), ultimately as Director of Palabora Mining in South Africa. Mr. Gorman was also a Director of the Copper Institute in New York and has previously also been a mining consultant with SRK Consulting.

H.E. Ambassador Daniel "Danny" Ayalon – Board - Mr. Ayalon is the former Ambassador of the State of Israel to the United States. He was appointed to the position in 2002 by former Prime Minister Ariel Sharon. Before taking on this responsibility, Mr. Ayalon had served as Chief Foreign Policy Advisor to Prime Minister Ariel Sharon and as Deputy Foreign Policy Adviser to two previous Prime Ministers. He served in New York from 1993-1997 as the Director of the Bureau of Israel's Ambassador to the UN and as Deputy Chief of Mission in Panama from 1991-1992. Before his entrance into Israel's Foreign Service, Mr. Ayalon was a senior finance executive in Israel's leading international trading company. While in Panama, Mr. Ayalon was responsible for political, economic, media and cultural ties between Panama and Israel. Mr. Ayalon is presently the President of Hod Ayalon Ltd, Senior International Consultant at Gravitas International Consultants, Vice Chairman of Israel-America Chamber of Commerce, a Board member of America-Israel Friendship League and Co-Chairman of Nefesh B'nefesh.

Diego E. Roca, Chief Financial Officer, has over 15 years of experience in financial management, operations, public (SEC) filings, cash management and internal controls including 9 years (until 2004) with Digitec 2000, Inc., where he began as Digitec's Controller, progressing to Chief Operating Officer and Senior Vice President and Chief Financial Officer. From November 2004 until February 2007, Mr. Roca served as a consultant to various companies, including working with Dominion Minerals on a part-time basis. Mr. Roca joined Dominion Minerals full-time in March 2007 as Chief Financial Officer. Mr. Roca received a Bachelor of Science degree in Accounting from Queens College in 1992.

David Cadwell, Chief Geologist, brings a wealth of experience to Dominion, having held management positions within leading mining companies including Asarco, Gold Fields, Anaconda, Northern Peru and Outokumpu for c. 40 years. Mr. Cadwell’s vast experience is directly relevant to Cerro Chorcha, given that Mr. Cadwell spent the majority of his career overseeing porphyry copper deposits in Latin America. Mr. Cadwell joins Dominion just as the Chorcha 2008/2009 drilling campaign is about to commence.

Bruce W. Minsky, Director, General Counsel/Corporate Secretary, is a graduate of Boston University (B.A., 1985), Southwestern University School of Law (J.D., 1988), and Boston University Ð Morin Center for Banking Law Studies (LLM in American Banking, 1989). Mr. Minsky is the managing partner of Law Offices of Bruce W. Minsky, P.C., a private law firm specializing in individual business/in-house legal counselling. Prior to that, Mr. Minsky was Vice-President/House Counsel for Banco Popular North America, a multi-billion dollar domestic bank, from 1991 to 2004, and a trial/litigation/appellate associate of business matters at Quirk & Bakalor, P.C. from 1989 to 2001. Mr. Minsky has years of experience in the gamut of legal services ranging from Consumer/Commercial finance products/services, Corporate Governance, Real Estate, Business/Portfolio transactions, as well as acquisitions matters, to Advertising, Technology, Marketing, Labor, SEC, Finance and Tax scenarios, along with an array of Operational, Compliance and Regulatory oversights.

Prospects for the Future

• Strong Balance Sheet with $10 million of new money coming in July 2008.
• Strong resource base on massive resource area
• 57.5% attributable to Dominion (62.5% attributable upon BFS) pursuant to existing earn-in agreement with Bellhaven
• Cerro Chorcha historical resource estimate of 266mt @ 0.49% Cu & 0.057 g/t Au containing 3.1 billion lbs Cu Equivalent^1,2, with a reserve of 47mt @ 0.71% Cu²
• Board and management team with exceptional, relevant and proven track record, including the recent addition of James Gorman as COO and Managing Director Cerro Chorcha
• Cerro Chorcha located 35 km west of Cerro Colorado, one of the world’s largest undeveloped porphyry copper deposit
• Existing agreement and long-standing relationship with the Ngöbé (indigenous population) – Cerro Chorcha and Cerro Colorado, both fall within their area of entitlement

Valuation

In building a business model, Dominion build their models with a long term Gold price of $600-650 (current price is $880) and a long term copper price of $1.40-1.60 (current price $2.60). There are two financial plays here for Dominion:

1. The stock price.
2. The price that a major will pay to buy Dominion’s assets.

Peer Groups

1. Exploration companies: porphyry copper projects, South America

2. Development companies: advanced porphyry copper projects, South America and Central Africa

3. Global copper producers, e.g. Antofagasta, etc.

Based on the long term price of $1.50 for copper and $650.00 for gold, Dominion has “in house” revenue potential of over $3.0 billion in copper and $290 million in gold less production cost of 30-45% of revenues. These numbers are simply derived from current studies and not from any future resource discovery. With this in mind, the current target stock price of $1.10 is very supportable as Dominion is discovered in the marketplace.

Update on Tuesday, April 21, 2009 at 10:14AM by Editor

Dominion (OTCBB: DMNME) Purchases 100% of Cerro Chorcha Copper Project fromBellhaven

April 21, 2009 - Dominion has purchased Cuprum Resources Corp., the Company that owns 100% of the Cerro Chorcha Concession, from Bellhaven, thereby purchasing 100% of the Cerro Chorcha Copper Project. Dominion purchased Cuprum for a sum of US$2,500,000 and 6 million shares of Dominion. This includes the US$1,000,000 previously paid and 4 million shares previously issued by Dominion to Bellhaven under the Exploration and Development Agreement between the parties.

Dominion Press Release

Update on Wednesday, June 3, 2009 at 1:38PM by Editor

NEW YORK, June 2 2009 / -- Dominion Minerals Corporation (OTC BB: DMNM) Chairman’s Letter to Shareholders is reproduced below:

Dear Dominion Shareholder,

To ensure that you remain well informed of our progress, as the Chairman & Chief Executive Officer of Dominion Minerals Corp, I would like to provide you with the following update which outlines Dominion's recent achievements, major highlights and key near-term objectives. The Board and I plan to provide you with regular communications going forward.

Acquisition of the Cerro Chorcha Copper Project

On April 20, 2009 Dominion announced that it had purchased Cuprum Resources Corp., the Company that owns 100% of the Cerro Chorcha Concession, from Bellhaven Copper & Gold, Inc., thereby acquiring 100% of the Cerro Chorcha Copper Project for a sum of US$2,500,000 and 6 million shares of Dominion common stock.

We believe that this purchase will be accretive to Dominion and is likely to create significant value for our shareholders in the future.

Cerro Chorcha Project Update

In September 2008 a new NI 43-101 compliant technical report and mineral resource estimate was released showing a substantial increase of the resource estimates at Cerro Chorcha. Based on the new resource estimate, Cerro Chorcha’s porphyry copper deposit hosts an Indicated and Inferred mineral resource of 201.9 million tonnes at higher copper and gold grades which is higher than previously reported using the same 0.2% Cu cut-off grade. Overall, the resource upgrade represents:

• A 50% increase in Indicated and Inferred resources compared to previous estimate of 133.7 million tonnes of Indicated only
• Total in-situ copper of 2.17 billion lbs – 52% increase from previous estimate
• Total in-situ gold of 449,000 oz – 75% increase from previous estimate
• Silver mineralization confirmed and quantified for the first time
• Resource category upgraded to Indicated for 60% of the mineralization

Importantly, the updated NI 43-101 report also confirmed that the presence of a large area hosting high-grade copper-gold-silver mineralization in the central portion of Cerro Chorcha has been confirmed. This high-grade zone has an Indicated mineral resource of 24.1 million tonnes grading 0.97% copper, 0.16 g/t gold and 3.1 g/t silver, and, in addition, an Inferred mineral resource of 13.3 million tonnes grading 0.86% copper, 0.16 g/t gold and 3.2 g/t silver, using a 0.65% copper cut-off grade. The mineralization remains open at depth and in multiple directions, and all holes drilled to date appear to indicate potential for the significant extension of the high-grade zone. This will be investigated further in our 2009 drilling campaign comprising 26 holes over a total of 10,300 meters. Included in our planned 2009 campaign will be an area of deep drilling consisting of 13 holes totalling c. 6,550 meters.

The NI 43-101 report also confirmed that Cerro Chorcha gold grades can be significant and tend to correlate well with high-grade copper mineralization. Gold values were consistently assayed for in all drill holes. Previous trench results returned average grades of 0.66 g/t Gold and 9.72 g/t Silver over a trench length of 585 meters. Considering the meaningful intersects encountered at several holes drilled to date, Dominion believes copper and gold grades may increase as the high-grade zone is explored at further depth.

2009 Drilling Campaign

Preparation is now complete and the drilling equipment is on site to begin the 2009 drilling campaign. There will be a total of 26 holes over a total of 10,300 meters drilled. Additional capital is now required by the Company in order to proceed and complete this drilling campaign. This drilling campaign has three principal objectives:

• High-Grade Zone - deep drilling: All holes drilled to date (vertical depth of 230 meters), appear to indicate potential for the significant extension of the High-Grade Zone at further depth. This potential will be further investigated in a deep drilling campaign (up to 600 meters depth) consisting of 13 holes totaling approximately 6,550 meters within the high-grade zone alone.
• Step-out drilling: A "step-out" drill program of 9 holes totaling 2,850 meters to further expand and define the high-grade mineralization at Chorcha which remains open in almost every direction.
• Promising drill targets: Based on geological, geochemical and aeromagnetic data, several anomalous target areas within Cerro Chorcha remain untested which are adjacent to known high-grade mineralized areas. Those will be investigated as part of this drilling campaign in a targeted exercise comprising 4 further holes, totaling another 1,000 meters.

Dominion believes that this phase of the Drilling Program will allow for an upgrade and significant increase of the mineral resource in the High-Grade Zone which currently remains open at depth and in multiple directions. The High-Grade Zone could then be large enough to represent a mineable deposit in its own right, with very attractive economics as a stand-alone mine. Meanwhile the remainder of the large Cerro Chorcha concession can be developed in parallel.

Following the completion of the 2009 drilling campaign in Q4 2009 we anticipate an updated NI 43-101 resource estimate (by SRK) to be published.

TSX-V Listing Application

The Company has applied to list on the TSX Venture Exchange (TSX-V). We are in the final phase of our listing application process and hope to be listed on the TSX-V in Q3 2009.

The TSX Venture Exchange is Canada’s premier equity markets tailored to small and mid-cap companies.

The Canadian Capital Markets operate within a world class financial services environment and are traded during North American business hours by a vibrant institutional and retail investor base.

Many U.S. mining companies list on this highly liquid yet regulated exchange that is designed to meet the needs of smaller cap companies. Listing on the TSX-V can be a very effective strategy for managed growth while leveraging the liquidity of both the Canadian and U.S. marketplaces.

Our Future

In parallel to preparing the 2009 drilling program, Dominion has over the past months also commenced initial preparations for a Pre-Feasibility Study (PFS). In this context, Dominion has entered into discussions with several world-class consulting companies with a strong presence in South America. During the early part of 2009, it is expected that the preferred consultants for several key workstreams, including assay laboratories, metallurgical test work (flotation), ore resource calculation, mine planning and an environmental base line study, will be selected.

These companies have all committed to carry out the PFS and work with us in the development of the project. We have received written proposals from them for the work required. The time line given to complete the PFS approximately 9 months from the commencement date.

On the infrastructure side, Cerro Chorcha has certain distinct advantages over other projects of its size and scale. For example, Cerro Chorcha has a port nearby, access to a hydro-electric plant in the vicinity of the deposit, access to water readily available and major roads in and around the concession. As a result, the combination of limited capital being required for major infrastructure build-out, and the unique benefits of the High-grade zone put Cerro Chorcha, a prize asset in Panama, an attractive and democratic economy, into a position where it can continue to be developed at maximum pace even in less certain times for development companies in the natural resources sector.

In Summary

I remain more convinced than ever of the extraordinary opportunities before us. The Dominion team has continued to work tirelessly towards proving up an economically viable copper/gold project that we anticipate will create enormous future shareholder value. We remain on target to achieve our key milestones.

I continue to be impressed by the scope of the opportunity we have before us and by the compelling nature of our ownership position of Cerro Chorcha. The exceptional depth of talent that we have assembled within our company and that we continue to add to the Management team remains critical to attaining our goals.

We have much work ahead of us, but I believe that we are in a very strong position to capitalize on our opportunity as we continue on the path ahead.

Thank you for your continued solid support, particularly in this very challenging market.

Yours sincerely,

Pini Althaus
CHAIRMAN & CEO