Argentina/Chile

Josemaria

The Josemaría Project is a large copper-gold porphyry system discovered by the Company in 2003. Josemaria has a 43-101 compliant inferred resource of 460 million tonnes at 0.39% TCu and 0.30 g/t Au at a 0.30% Cu cutoff.

43-101 Technical Report

The Josemaria Project is located in northern San Juan Province, northwest Argentina.

The Company holds a 100% interest. Japan Oil, Gas and Metals National Corporation ("JOGMEC") has an option to acquire a 40% interest by making a total of $6.13 million in exploration expenditures over a period of three years.

Maps and Photos