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Message: 3 properties

Looks like we have been very busy on 3 properties in Peru so far in 2011! This didn,t come out good, but for anyone interested, check the most recent MD&A and you will see what I am saying.

Cueva Blanca Tesoro Vilcoro Other

Total Properties PERU PERU PERU PERU Total

$ $ $ $ $ $ $

Annual property and

83,872

- 43,162 2 2,709 15,707 2,294 31,194

maintenance payments

Assays

-

- - - - - -

General (other)

135,913

- 58,179 6 6,881 10,308 545 (119,741)

Legal

-

- - - - - 5,100

Mapping, compilation and sundry

5,175

1,125 450 3 ,600 - - -

Mobilization and camp costs

180,380

- - 1 80,380 - - 319,723

Professional fees and wages

201,022

17,000 47,618 1 06,997 29,303 104 417,684

Telecommunications and shipping

61,829

- 15,916 4 0,062 5,851 - 110,631

668,191 18,125 165,325 4 20,629 61,169 2,943

764,591

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