The Company has completed its planned drilling programs on Taca Taca and on the other concessions in which it has an

interest. The Company announced the results of the PEA in April 2013 and anticipates completing the NI-43-101 technical

report related to the PEA by May 24, 2013.

The Company is continuing its strategic review process and continues to have discussions with a number of mining companies.

The Company also continues to monitor current market conditions and is focussing on management of its available cash.