Ann: Pacifico Signs Option to Acquire Major Gold-Copper Project, page-7

Acquisition Terms

Should Pacifico elect to exercise the Option, Pacifico will pay to the Vendor a total of US$250,000 and 20,000,000 fully paid ordinary shares in the issued capital of Pacifico. On or before the exercise of the Option, should the gold price on the London Metals Exchange reach US$1,500/ounce, Pacifico will issue the Vendors an additional 10,000,000 fully paid ordinary shares in the issued capital of the Company at the time of exercise of the option.

Payments on definition of Resources

The Vendor shall receive A$1,000,000 in cash upon the delineation of a JORC 500,000 oz Au equivalent Indicated Resource. In addition, the Vendor shall receive A$3,000,000 in cash upon the completion of a bankable feasibility study confirming >1,000,000 oz Au equivalent Indicated Resource.

Lots of cash moving offshore for this deal

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