Wall Street News Alert: Market Watch: SAEI -- April 8, 2010

   Wall Street News Alert's "stocks to watch" this morning are: Supatcha Resources Inc. (OTCBB: SAEI), EOG Resources, Inc. (NYSE: EOG), Nucor Corp. (NYSE: NUE) and Eldorado Gold Corp. (NYSE: EGO).

Yesterday after the markets closed, Supatcha Resources Inc. (OTCBB: SAEI) issued a press release announcing that it has executed an agreement with Melco Investments, Ltd. ("MIL"), providing for a $10,000,000 financing. This financing is in the form of a convertible debenture with terms stipulating an interest rate of 8% and a loan repayment term of 24 months from the date of execution of the agreement, by way of cash or through the conversion of shares of Supatcha Resources stock. The repayment terms of the financing are amenable to the Company's property development schedule and to future financings plans to retire the debt.

The securities potentially offered to the investor, under the terms of the financing will not be registered under the Securities Act of 1933 as amended (the "Act"), and may not be offered or sold in the United States absent of registration, or an applicable exemption from registration, under the Act. The monies from this financing will be utilized to cover operational and development costs at Supatcha's Barlevskoye and Vynohradiv Gold Mines. The funds provided will also be a contingency for costs that may arise in the first few months of the Company's aggressive development and exploration program. Additionally, the availability of these funds will provide the Company with the necessary capital cost commitments and general working capital in the near term.

"We are very pleased to have concluded this financing with Melco Investments and are appreciative of the 24 month timeline of the funds. While we may not require the use of the entire $10,000,000 that this financing provides," stated Mr. Nikolae Yagodka, CFO of Supatcha, "its availability will help to ensure that the mine acquisition, development and exploration programs at the Barlevskoye and Vynohradiv mines will proceed in a smooth and timely fashion."

"These funds will allow us to immediately commence with implementation of our operating strategy. The financial commitment afforded by this financing is an indication of confidence in the future success of our projects and will be significant to the growth of the Company," stated Mr. Nikolae Yagodka, Chief Financial Officer. "The exercise price of the convertible notes at between $2.10 and $2.50 per share also demonstrates the lender's confidence in the Ukrainian Gold team to provide results through the Company's programs," added Mr. Yagodka.

The company has just previously reported that it has signed a definitive agreement to acquire a 90% interest in the Barlevskoye and Vynohradiv Gold licenses in Southwestern Ukraine from arm's length third parties. Supatcha will pay $7,500,000 and will issue 500,000 common shares, in consideration for 90% of the issued and outstanding shares of Poltavas Capital Management Ltd., a BVI Company which on closing, will own all of the outstanding shares of Zolotivorota ("Golden Gate"), a Ukraine company which holds the rights to the properties by way of two Special Permissions issued by the Ministry of Environmental Protection.

The stock closed yesterday at $1.75 a share.

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EOG Resources, Inc. (NYSE: EOG) up 6.5% on 8.2 million shares traded.

EOG Resources, Inc. is one of the largest independent (non-integrated) oil and natural gas companies in the United States with proved reserves in the United States, Canada, Trinidad, the United Kingdom and China.

Nucor Corp. (NYSE: NUE) down 0.06% on 6.4 million shares traded.

Nucor and affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada.

Eldorado Gold Corporation (NYSE: EGO) up 7% on 7.9 million shares traded.

Eldorado Gold Corporation is a gold producing and exploration company actively growing businesses in China, Turkey, Brazil, Greece and the surrounding regions.

Market Commentary:

The Federal Reserve said Wednesday that borrowing declined by $11.5 billion in February. The decline was the 12th decrease in the past 13 months as consumers slash borrowing in the face of a deep economic recession and high unemployment. Economists had expected a small $500 million gain in February.

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