Advanced Exploration Projects in Colombia with Social & Environmental Commitments

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Manizales North

The Manizales North project totals 10,091 hectares in three license applications with defined technical studies. Registration in the Colombian National Registry is pending. The project is located 20 kilometers north of Manizales in the Department of Caldas. The property is adjacent to the Middle Cauca Porphyry Belt on the Western Craton Edge.

During the year ended March 31 2011, the Company conducted field reconnaissance and sampling programs and compiled a report of the findings, confirming the presence of mineralizing events with copper and gold content. The project area also has a number of magnetic anomaly exploration targets. The Company is currently conducting a three month field program of mapping and sampling utilizing a team of students from University of Manizales. The Company is discussing options for joint venture partners on the project.