Ann: Drilling set to commence at Cangallo, page-22

Quick re-cap

• Into the third full week of drilling at Balladonia now, nearing the halfway mark of the 7000 metre campaign with assays due late May early June unless something significant surfaces in the interim.

• Government approvals due this quarter on the other two large scale high potential Peru projects.

• While Cangallo is looking well primed and on track for the mid May RC campaign.

"Access and drill site preparation has been completed for a 5000 metre RC drilling campaign beginning middle of May, with a total of 20 drill pads approved"

"We are very excited about commencing Stage 2 of our drilling program, which we think will
add significantly to the copper intersections reported from the maiden drilling program and
further enhance the size potential for this new porphyry copper-gold discovery."





“The team in Peru has been working hard to be ready for when the drill rig arrives on site.

“Stage 2 drilling has been designed to help locate the centre of the porphyry system and the
possible presence of a supergene blanket, both of which hold excellent potential to contain
high copper grades.
“Success will create significant value for our shareholders and mark a transformative period
for the Company.

We look forward to keeping the market updated on the commencement of
drilling.”