Maguarichic Property

The Maguarichic property is host to epithermal hot spring gold prospects. In November 2010, Fresnillo, Plc. (“Fresnillo”), and the Company reached an amicable agreement whereby Fresnillo gave up its 30% interest in all of Maguarichic, and the Company transferred approximately 30% of the land concessions it held in the western section of the concessions to Fresnillo. The Company now holds 100% direct interest in its remaining Maguarichic Property.