5/2/2007 LONGUEUIL, QUEBEC, May 2, 2007 (CCNMatthews via COMTEX...

5/2/2007

LONGUEUIL, QUEBEC, May 2, 2007 (CCNMatthews via COMTEX News Network) --
Palmarejo Silver and Gold Corporation (TSX VENTURE:PJO) (the "Company") announced today that it has requested that the TSX Venture Exchange halt trading in its common shares and warrants (PJO.WT) effective at the opening of trading on May 2, 2007. The Company confirms that it is in negotiations with respect to a potential business combination transaction. There can be no assurance that such negotiations will result in the announcement or consummation of a transaction.

SOURCE: Palmarejo Silver and Gold Corporation