Pachamama Resources Ltd. emerged as a spin-out from Mansfield Minerals Inc. on a one share for one share basis. Mansfield shareholders approved the transaction as a plan of arrangement in October 2008 and the Company came to trade as PMA on the TSX-Venture Exchange on November 28th, 2008. Pachamama is well-financed and led largely by the same team that has managed Mansfield since 1994.

The Company's main asset is a 50% interest in the Rio Grande property, a large copper-gold system located in western Salta province, northwestern Argentina. Antares Minerals Inc. is the joint venture partner and holds the operatorship. Work to date on Rio Grande has established several zones of high-grade copper-gold mineralization as well as a recently discovered zone of molybdenum mineralization which warrants further drilling. The focus of the Company will be to advance the understanding of the deposit's metallurgy, rock mechanics, size and grade distribution and geology with the objective of calculating an initial inferred resource.

The Company also inherited a portfolio of early stage properties in the re-organization. Pachamama will continue generating grass-roots opportunities and look for farm-in opportunities in Argentina as well as seek to farm out projects from its existing portfolio. Given the current market conditions, the Company's priority is to limit large cash outlays at this time.