CREATING VALUE THROUGH DISCOVERY IN SOUTH AMERICA Picha Project Copper-Silver-Lead-Zinc Available for Option Contract 1 General Setting • Located in NE Moquegua, 120 km ENE of Arequipa • 3,000 ha in five mining concessions • Elevations range from 4,000 m to Chucapaca 6.1 M oz gold 4,300 m • 15 km ENE of Buenaventura´s Chucapaca 6.1 M oz gold resource discovery 2 Access • Flight Lima-Juliaca (2 hours) • Juliaca to Puno 45 km on paved road (0.75 hours) • Puno to Jesus Maria 90 km on a reasonably maintained gravel road (3 hours) Access trail through the Jesus Maria village 3 Historic Exploration Activities • Mapping and sampling since 1996 • IP and magnetic survey 2011 • Drill permit for 20 platforms IP Survey 4 Geology Lithologies • Early Miocene andesitic and basaltic lavas, tuffs and agglomerates (Tacaza Formation) • Late Miocen lake sediments interbedded with acid and intermediate volcanics (Maure Maure Formation (whitish) overlying Tacaza Formation Formation) 5 Geology 6 Alteration 7 Mineralization Geochemical sampling • Silver to 880 g/t • Copper to 3.24 % • Lead to 26.76 % • Zinc to 1.08 % • Principal minerals: malachite, azurite, crisocola, galena and sphalerite Trench sampling 8 Silver Geochemical Sampling 9 Copper Geochemical Sampling 10 Lead Geochemical Sampling 11 Zinc Geochemical Sampling 12 Mineralization Hydrothermal breccia - Cobremani prospect, andesite clasts in quartz and crisocola matrix 13 Mineralization Oxide stockwork veining in andesite - Cobremani prospect 14 Six Artesanal and Colonial Mineworkings Fundición Tomillo 15 Geophysics – Chargeability / Resistivity at 200 m Depth 4 km x 1.5 km chargeability anomaly, indicating extensive sulphide presence at depth 16 ef Exploration Potential • Discovery of Chucapaca style polymetallic precious metal – base metal breccias and associated mantos, stockworks and veins within and adjacent to the extensive chargeability anomaly 17