The Company is engaged in the business of exploration

and development of mining projects, presently focusing

our management and financial resources on the Brisas

Project, located in Bolivar State, Venezuela. We have

no commercial production at this time. We have not

recorded revenue or cash flows from mining operations

and have experienced losses from operations for each

of the last five years, a trend we expect to continue until

Brisas is fully constructed and put into commercial

production or an alternative project is acquired. The

Company’s overall results of operations are a product

of operating expenses, primarily related to the

development of Brisas, net of income on invested cash.

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