Ann: First Chuscal Drill Hole Completed, page-47

Commenting on the recent results, managing director Jason Stirbinskis said,

“This is a remarkably strong result on our first hole given the extent of the mineralisation encountered from surface, and it has proven very illuminating, greatly improving our understanding of the geology.‘’After outstanding drill success last year at the nearby Tesorito porphyry discovery, including a best result of 253.1 metres at 1.01 g/t gold from surface, including a higher grade zone of 64 metres at 1.67 g/t gold, and now hitting this wide interval at Chuscal, we believe we are in enviable porphyry territory."

‘’It remains early days into our drilling at Chuscal, but this first intersection has certainly provided very strong encouragement about what Chuscal could be when you consider the sheer scale of the gold anomaly at surface, the impressive widths of mineralisation encountered and its location in the heart of the Mid-Cauca belt, which is already host to several multi-million ounce porphyry and epithermal deposits."

‘’When compared to other global porphyry systems and recent discoveries, this early result reaffirms our view that our Quinchia Project and Chuscal in particular, have great potential”.