From Animas Resources:

(1)At the October 25, 2011's Special Meeting, the shareholders of Animas Resources approved the $3.4 million private placement by Ernesto Echavarria at $0.20 per Unit with each Unit consists of one common share and one warrant. Thus far, 6 million common shares and 6 million warrants were issued for the $1.2 million financing received.

(2)286,248 agent's warrant consists of one common share and one-half of one non-transferable common share purchase warrant at a price of $0.55 per share expiring November 4, 2012. 105,000 agent's warrant consists of one common share and one-half of one non-transferable common share purchase warrant at a price of $0.30 per share expiring June 17, 2013.

(3)1 million shares are granted when 1.6 million ounces 43-101 compliant resource is achieved and 1 million shares granted when 2.6 million ounce 43-101 compliant resource is achieved.

(4)To achieve the fully diluted number, excluding the 11 million common shares and 11 million warrants associated with the remaining $2.2 million financing from Ernesto Echavarria, the Company will have raised an additional $6,520,969 from options, warrants and agent's warrants being exercised and have a 2.6 million ounce NI 43-101 compliant resource report.