ZEOTECH LIMITED — Capital/Financing Update 2012

Aug 15, 2012

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16 August 2012

New Exploration Targets Identified at Rasuhuilca Project, Peru

Emerging Gold-Silver Project set to grow following re-interpretation of new vein systems

Perth-based exploration company Laconia Resources Limited ( ASX: LCR ) (“ the Company ” or " Laconia ") is pleased to provide the following update on activities at its 100% owned Rasuhuilca gold-silver project in Peru. Highlights

• Review of surface and underground channel sampling data reveals extension of high-grade silver zone at the Rasuhuilca vein, including:

• 1.5 m @ 11.68 g/t Gold and 236.74 g/t Silver

• 1 m @ 3.64 g/t Gold and 330.19 g/t Silver

• 2 m @ 1.14 g/t Gold and 1,622.43 g/t Silver at surface

• Underground development from the main Rasuhuilca vein has been established[1] to test new zone with underground drilling

• New exploration targets identified from historical exploration undertaken at the Marcelita veins and Elsa Breccia, 4.5 km South East of the Rasuhuilca vein system. Historical results

include :

• 1.5 m @ 14.76 g/t gold and 208 g/t silver from Elsa Breccia

• 1.5 m @ 22.80 g/t gold and 45.20 g/t silver from Elsa Breccia

• 3.5 m @ 6.53 g/t gold and 244.66 g/t silver from Veta Marcelita 2

• 2,200 metre underground diamond drilling program scheduled to commence in Quarter 4, subject to permitting

• Rasuhuilca Project has an existing Inferred Resource estimate[2] of; 360,000t @ 1.97g/t Au and 179g/t Ag

• Ongoing assessment of 2008 Feasibility Study – to be updated following results of underground diamond drilling program

1 Refer Figure 6

2 Refer to ASX announcement 25 January 2012.

Laconia has recently identified a range of additional target areas which warrant follow up exploration, through a comprehensive review of all existing and available data including high grade rock chip samples, channel sampling at surface and underground adits. Throughout the review, which is ongoing, specific emphasis is being placed on the potential expansion of the existing resource at Rasuhuilca and the surrounding project area.

The acquisition of the Rasuhuilca project[3] was completed in June 2012. Rasuhuilca is an advanced, high grade gold and silver project which contains existing development levels and cross-cuts (Figures 1 & 2), and has outstanding near-term development potential. It is the Company’s intention to rapidly bring the underground mine into production.

Rasuhuilca Deposit Exploration Potential

The western high-grade silver zone at the Rasuhuilca deposit lies 110 metres west of the main body of mineralisation. Underground development from the main Rasuhuilca underground workings are already established (4890 Level), providing a location to drill test this western zone (refer to Figure1). Significant results are presented in Table 1. Complete assay results are presented in Appendix 1.

The high-grade silver zone at the west end of the Rasuhuilca Deposit has to date been subject to surface sampling and a single underground adit development. Only a small part of the zone has been tested sufficiently for inclusion in the existing inferred resource.

Abundant silver at surface demonstrates potential for a silver rich body extending to depth. This depth potential beneath the known mineralisation remains untested (refer to Figure 1).

The Company believes that historic channel sampling at 4890 Level did not return any high grade silver and gold results, as it failed to intersect the surface and adit mineralisation, which may plunge to the south. (Similar to the main Rasuhuilca mineralised body 110m to the east, Figure 6).

3 Refer to ASX announcement 1 June 2012.

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Table 1: Significant surface and channel sampling intersections Rasuhuilca West zone.

	Location	Easting	Northing	Elevation	Length	Au	Ag
					(m)	(g/t)	(g/t)
Rasuhuilca West 631463.41 8416744.21 4961.85					2	0.6	400.05
Rasuhuilca West 631462.56 8416738.64 4966.72					2	0.41	393.7
Rasuhuilca West 631458.51 8416746.4 4960.36					2	0.6	422.28
Rasuhuilca West 631477.98 8416739.33 4964.78					2	1.14	1622.43
Rasuhuilca West 631522.59 8416704.86 5005.45					6	0.57	260.35
Rasuhuilca West 631517.15 8416723.67 4986.06					7	2.03	196.85
Rasuhuilca West 631493.67 8416729.58 4973.77					6	0.67	247.65
4962 Adit 631483.36 8416744.04 4962					1	5.23	1108.94
4962 Adit 631483.38 8416743.06 4962					1	5.73	616.77
4962 Adit 631482.34 8416738.95 4962					1	3.64	330.19
4962 Adit 631482.22 8416737.9 4962					1	8.72	193.13
4962 Adit 631484.53 8416711.91 4962					1.5	11.68	236.74
4962 Adit 631484.28 8416736.11 4962					1	3.05	190.02
4962 Adit 631485.67 8416716.84 4962					1	2.31	763.18
4962 Adit 631486.39 8416712.9 4962					1	0.78	451.68
4962 Adit 631483.38 8416716.7 4962					1	0.37	513.98
4962 Adit 631484.05 8416712.74 4962					1	9.41	448.56

Note 1: Sample results are compiled as weighted averages. Sample ID shown is for the first sample in the sequence. Samples were collected by Buenaventura between 1997 and 1999, and assayed at Intertek Bondar Clegg Bolivia. Gold (Au) was analysed by AAS with Fire Assay checks on 50 g aliquots to 2 ppb detection limits and AAS was used for Silver (Ag). All assays are available with original lab certificates from Intertek Bondar Clegg in Bolivia. Normal lab QAQC was done, and show no issues in quality. Note 2: Coordinate system used is PSAD56/UTM zone 18S EPSG 24878

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Figure 1: Rasuhuilca West Zone Target and existing development

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Figure 2: Significant Results from surface sampling above 4962 Level Rasuhuilca West zone

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Additional High Grade Gold Silver Veins at Marcelita

The Marcelita vein system and underground development is located 4.5 km to the South East of the Rasuhuilca vein system.

Laconia’s review of the existing prospects at Marcelita has indicated a vein system which demonstrates a strike extent of 710 metres. To date, only 66 surface samples have been collected and assayed for gold and silver. Of the 66 samples collected, 44 samples contained gold greater than 1 g/t and/or silver greater than 60 g/t. A further 480 metre strike of veining exists in the area, which has not been surface sampled to date.

The review so far confirms considerable potential exists for gold-rich oxide material amenable to bulk mining techniques and the potential for deeper plunging shoots of sulphide material with gold and silver credits. Significant samples are presented in Table 2 and all results are presented in Appendix 2.

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Figure 3: Significant surface sampling results Marcelita Vein system and Elsa Breccia

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The Company’s exploration plan for the Marcelita area will focus on targeting oxide material to determine if there are quantities of gold mineralisation amenable to bulk mining techniques close to surface. In addition, the potential for deeper high grade shoots of silver and gold mineralisation focussed around the intersection or close occurrence of faults and veins will be evaluated.

Zones of breccia will also be targeted as the regional geology of the Rasuhuilca Project implies potential for the presence of mineralised phreatic breccias, with a significant vertical component.

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Figure 4: Marcelita vein system location relative to existing Rasuhuilca Resource

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Table 2: Significant surface sampling results Marcelita and Elsa Breccia

	Au Ag
Sample ID Prospect Easting Northing Elevation Length
	(g/t) (g/t)
23885 Elsa Breccia 632595.0 8415082.0 4769 1.5	22.80 45.20
23887 Elsa Breccia 632596.0 8415072.0 4769 1.5	14.76 208.00
23865 Veta Marcelita 632467.0 8415045.0 4717 1.4	5.48 117.50
29006 Veta Marcelita 632447.5 8415118.7 4704 0.9	3.49 819.40
23872 Veta Marcelita 1 632547.5 8415259.6 4708 1	4.88 105.50
23903 Veta Marcelita 2 632727.7 8415271.5 4807 3.50	6.53 244.66
23917 Veta Marcelita 2 632747.2 8415125.1 4825 3.60	17.31 7.17
23933 Veta Marcelita 2 632751.4 8415050.8 4820 0.60	0.13 2078.62

Note 1: Sample results are compiled as weighted averages. Sample ID shown is for the first sample in the sequence. Samples were collected by Buenaventura between 1997 and 1999, and assayed at Intertek Bondar Clegg Bolivia. Gold (Au) was analysed by AAS with Fire Assay checks on 50 g aliquots to 2 ppb detection limits and AAS was used for Silver (Ag). All assays are available with original lab certificates from Intertek Bondar Clegg in Bolivia. Normal lab QAQC was done, and show no issues in quality. Note 2: Coordinate system used is PSAD56/UTM zone 18S EPSG 24878

Background to the exploration of the Marcelita Vein System

The Marcelita Prospect contains three mineralised silicified vein systems Veta Marcelita, Veta Marcelita 1 and Veta Marcelita 2, and one mineralised breccia Elsa Breccia (Figure 3 – prospect location plans). The Marcelita area was subject to exploration by Buenaventura from 1997 – 2003. Initial exploration consisted of surface sampling, followed by development of the 4710 adit that drives 300 metres along the Veta Marcelita 2 system. Historic resource estimates for Veta Marcelita 2 were not performed to the standard required for JORC reporting, and therefore need to be re-evaluated, possibly after collection of further data.

Geology

The Marcelita system is a silica-barite-gold-silver vein system that strikes north-south. There are numerous cross-cutting fault structures ranging from east-west orientation to southeast-northwest orientation. The veins range from stringer zones to greater than 1.5 metres width, and contain plunging shoots of high grade (> 30 g/t) gold mineralisation, as shown by historic exploration adit development, and small-scale mining operations by previous owners.

At the surface the mineralisation is hosted by oxidised rock, where sulphides are now weathered to hematite, jarosite and limonite/goethite. Supergene enhancement has increased the gold content and depleted the

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silver content in the oxide zone. At depth the veins contain abundant sulphides, and are more silver-rich. The extent of the mineralisation at depth is more constrained due to the lack of supergene dispersal through oxidation.

Historic work at Marcelita 2 has identified an oxide zone extending from surface to 50 to 70 metres depth, which is gold-rich and silver-depleted. Below the oxide zone there is a sulphide zone that is richer in silver than in gold.

Mineralisation occurs as shoots within the veins, and is most intense where the vein is intersected or paralleled by a fault.

Exploration Targets

To date only Veta Marcelita 2 has been subject to extensive evaluation in the form of exploration adits. Surface sampling of all the veins has been conducted, and results indicate that Veta Marcelita, Veta Marcelita 1 and the Elsa Breccia are also mineralised at surface. Table 2 demonstrates the rock chip samples from the surface sampling campaigns that contain greater than 1 g /t of gold, or greater than 60 g /t of silver. Figure 3 shows the location of surface rock chip samples, with ranges shown for gold (g/t) and silver (g/t) respectively. From these plans it is clear that there are high silver values found in surface samples at Veta Marcelita, and high gold values in surface samples from the Elsa Breccia.

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Figure 5: Veta Marcelita 2 Portal

Phase 1 Diamond Drilling Program To Commence In August 2012

Laconia plans to commence its first phase of drilling at the Rasuhuilca Project in August 2012. The initial phase of drilling will be a 2,200 metre underground diamond drilling program, designed to test mineralisation between the existing mine levels, thus validating the existing resource model. The Company believes potential exists to grow the resource base and has therefore planned extensional exploration drilling on the Rasuhuilca vein.

A contract to complete a Category One DIA (Environmental Impact Declaration) application has been awarded to environmental consultants Ximena Mining in Peru. The assessment is underway and is expected to be completed in four weeks. Tenders have been called for from Peruvian underground drilling specialists and drilling will commence after the necessary drilling permits have been granted by the Peruvian Government.

Feasibility Study To Be Reviewed

A Feasibility Study was completed at the Rasuhuilca project in June 2008. Laconia is planning to update and re-affirm the Feasibility Study results with a view to bringing the project into production as a high grade, small tonnage mining operation. The Company’s strategy is to utilise the potential revenues from the project to unlock the major exploration upside, and thereby increase the current resource base.

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Relatively small scale, low tonnage, high grade underground gold and silver mining operations are common in the Peruvian mining industry and are a core business for a number of successful Peruvian based international companies The Rasuhuilca project is located in a region where major mining companies such as Xstrata and BHP Billiton are operating, with Xstrata planning to start production at the nearby Las Bambas project in 2013. Also In the same region is Hochschild Mining Plc’s (LON: HOC) major silver and gold operations. Hochschild has Reserves and Resources exceeding 186 million silver ounces and 1.1 million gold ounces[4] .

Rasuhuilca Project Exploration Potential

The Rasuhuilca Project is situated on the collapsed rim of the Rasuhuilca strato-volcano within a highly visible zone of secondary potassic alteration. Laconia aims to target the following mineralisation styles:

• The network of outcropping gold-silver veins in lower temperature acidic outflow zones (silica-alunitesulphide alteration);

• Large-scale, sub-horizontal disseminated gold-silver mineralisation within outflow zones;

• High-grade bonanza gold veins beneath the acidic outflow zones;

• Copper-gold mineralisation within buried intrusive stocks, or gold-silver-zinc mineralisation in skarns surrounding buried intrusive stocks.

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Figure 6: Long Section of Rasuhuilca Resource model with current and planned development.

4 Refer Hochschild Mining PLC Annual Report 2011.

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The Rasuhuilca Project

The Rasuhuilca Project is located in the Andean volcanic arc of southern Peru (see Figure 3, Project location plan) and comprises four concessions (Patacancha No. 1 to 4) over a total area of 2,765 hectares. These concessions cover a large part of an extensive high-sulphidation alteration system. The best known mineralised body in the project is the Rasuhuilca zone, which has been explored by underground development. Average grades from underground channel sampling are approximately 2 g/t Au and 185 g/t Ag.

The Project has an Inferred Resource estimate[5 ] of; 360,000t @ 1.97g/t Au and 179g/t Ag (at a 2.5 g/t AuEq cut-off[6] ). The Resource statement is based on historical data. Independent sampling and drilling will be completed to confirm the tenor of the historic data and it is envisaged the Resource category and size will be upgraded, so that it can be used as the basis for mine planning activities.

Access to the project is via sealed highways through Nasca and Puquio, then minor roads. The final stage of approach to the project is via tracks from the nearby village of Chipao. Laconia plans to improve project access, and a short runway airstrip may also be constructed on the project area. There is a ready workforce, with prior experience in exploration and mining operations, in the nearby villages of Chipao and Andamarca.

*ENDS***

For further information please contact:

Ian Stuart Sam Burns Managing Director Media and Investor Relations Laconia Resources Six Degrees Investor Relations P: +61 8 9486 1599 M: 0400 164 067 E: istuart@laconia.com.au E: sam.burns@sdir.com.au www.laconia.com.au

5 Refer to ASX announcement 25 January 2012.

6 All cut offs based on an Xg/t Au Eq are conceptual in nature only. There has been insufficient metallurgical test work to date to determine eventual metallurgical recoveries and it is uncertain that the conceptual cut offs used below will be appropriate following further metallurgical test work.

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Competent Persons Statement

A review of available data was conducted by Mr Vincent Algar. Mr Vincent Algar who is a member of the Australasian Institute of Mining and Metallurgy has compiled the information within this presentation that relates to mineralisation and exploration. Mr Algar is a Non-Executive Director and consultant of Laconia Resources Limited and has sufficient experience relevant to the style of mineralisation and type of deposits under consideration and to the activity currently being undertaken to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and consents to the inclusion of this information in the form and context in which it appears in this report.

A review of available data was conducted by Mr Michael Andrew, a Principal of Optiro Pty Ltd. Mr Michael Andrew who is a member of the Australasian Institute of Mining and Metallurgy has compiled the information within this presentation that relates to Mineral Resources or Ore Reserves. Mr Andrew is a full time employee of Optiro Pty Ltd and has sufficient experience relevant to the style of mineralisation and type of deposits under consideration and to the activity currently being undertaken to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves and consents to the inclusion of this information in the form and context in which it appears in this report.

About Laconia Resources

Laconia Resources is a Perth-based emerging precious and base metals exploration and development Company with a South American focus. The recently acquired Rasuhuilca gold-silver development project in Peru complements the Company’s existing portfolio of precious and base metal projects in Western Australia. A Feasibility Study was completed at Rasuhuilca 2008 and Laconia aims to bring it into production as a highgrade, small-tonnage operation, and utilise the project’s revenues to unlock its exploration upside.

In Western Australia, the Company has a portfolio of advanced mineral projects in the Murchison and Pilbara regions, across 35 granted tenements covering an approximate 955km2. The company has reported resources in accordance with the JORC code at its projects at Lennons Find, (Cu-Ag-Pb-Zn-Au), and most recently at Rasuhuilca in Peru (Au-Ag). The Company is focused on targeted exploration of its project areas, and further definition and expansion of its Resource base at its advanced projects.

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Figure 7: Location plan, Rasuhuilca Project, Peru.

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Appendix 1: Surface and channel sampling Rasuhuilca Project

	Location	Easting	Northing	Elevation	Length	Au	Ag
					(m)	(g/t)	(g/t)
13127	Rasuhuilca West	631464.06	8416748.23	4958.71	2	0	193.68
13128	Rasuhuilca West	631463.7	8416746.19	4960.39	2	0.13	117.47
13129	Rasuhuilca West	631463.41	8416744.21	4961.85	2	0.6	400.05
13130	Rasuhuilca West	631463.13	8416742.17	4963.6	2	0.41	212.73
13131	Rasuhuilca West	631462.85	8416740.33	4965.4	2	0.6	107.95
13132	Rasuhuilca West	631462.56	8416738.64	4966.72	2	0.41	393.7
13133	Rasuhuilca West	631458.51	8416746.4	4960.36	2	0.6	422.28
13134	Rasuhuilca West	631458.23	8416744.35	4962.26	2	0.41	158.75
13135	Rasuhuilca West	631457.91	8416742.31	4964.21	2	0.51	247.65
14151	Rasuhuilca West	631478.83	8416745.19	4960.82	2	0.6	215.9
14152	Rasuhuilca West	631478.55	8416743.35	4962	2	0.38	317.5
14153	Rasuhuilca West	631478.26	8416741.37	4963.37	2	0.89	327.02
14154	Rasuhuilca West	631477.98	8416739.33	4964.78	2	1.14	1622.43
14155	Rasuhuilca West	631477.63	8416737.35	4966.23	2	0.38	168.28
14156	Rasuhuilca West	631477.35	8416735.38	4967.52	2	0.22	133.35
14157	Rasuhuilca West	631477.06	8416733.4	4969.15	2	0.29	327.02
14158	Rasuhuilca West	631476.71	8416731.42	4971.18	2	0.57	107.95
14159	Rasuhuilca West	631476.43	8416729.52	4973.76	2	0.29	60.33
14160	Rasuhuilca West	631476.07	8416727.61	4977.05	2	0.73	142.88
14161	Rasuhuilca West	631475.79	8416725.57	4980.33	2	1.21	61.91
14162	Rasuhuilca West	631475.51	8416723.45	4983.57	2	0.32	231.78
14163	Rasuhuilca West	631485.27	8416733.57	4968.33	2	0.29	127
14164	Rasuhuilca West	631484.91	8416731.74	4969.65	1.8	0.7	314.32
14165	Rasuhuilca West	631484.7	8416729.76	4971.36	1.9	0.48	180.98
14166	Rasuhuilca West	631484.35	8416728.07	4974.02	1.8	0.64	209.55
14167	Rasuhuilca West	631484.21	8416726.3	4976.88	1.8	0.6	127
14168	Rasuhuilca West	631483.78	8416724.47	4979.78	1.9	0.41	152.4
14169	Rasuhuilca West	631483.57	8416722.77	4982.43	1.7	0.7	209.55
14170	Rasuhuilca West	631483.36	8416721.08	4984.98	1.8	1.05	50.8
17A	Rasuhuilca West	631522.59	8416704.86	5005.45	6	0.57	260.35
18A	Rasuhuilca West	631517.15	8416723.67	4986.06	7	2.03	196.85
18B	Rasuhuilca West	631518.21	8416730.45	4979.66	3	1.56	311.15
19B	Rasuhuilca West	631509.09	8416725.12	4981.99	6.5	0.19	66.67
21C	Rasuhuilca West	631493.67	8416729.58	4973.77	6	0.67	247.65
26A	Rasuhuilca West	631450.33	8416711.65	5003.41	4.8	1.24	9.53
13678	4962 Adit	631483.27	8416745.53	4962	0.5	1.21	105.91
13679	4962 Adit	631483.3	8416745.09	4962	1	2.21	221.17
13680	4962 Adit	631483.36	8416744.04	4962	1	5.23	1108.94

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13681	4962	Adit	631483.38	8416743.06	4962	1	5.73	616.77
13682	4962	Adit	631483.49	8416742.07	4962	1	2.46	224.28
13683	4962	Adit	631483.72	8416741.04	4962	1	3.36	264.78
13684	4962	Adit	631483.9	8416740.12	4962	1	2.15	165.1
13685	4962	Adit	631484.06	8416739.07	4962	1	1.56	74.76
13686	4962	Adit	631484.19	8416738.04	4962	1	1.71	183.79
13687	4962	Adit	631484.21	8416737.05	4962	1	2.87	383.15
13688	4962	Adit	631481.53	8416745.94	4962	1	1.31	43.61
13689	4962	Adit	631481.69	8416744.96	4962	1	1.18	43.61
13690	4962	Adit	631481.67	8416743.92	4962	1	3.77	283.47
13691	4962	Adit	631481.55	8416742.92	4962	1	2.74	133.95
13692	4962	Adit	631481.66	8416741.93	4962	1	2.21	121.49
13693	4962	Adit	631481.98	8416740.92	4962	1	1.87	84.11
13694	4962	Adit	631482.2	8416739.98	4962	1	1.87	165.1
13695	4962	Adit	631482.34	8416738.95	4962	1	3.64	330.19
13696	4962	Adit	631482.22	8416737.9	4962	1	8.72	193.13
13697	4962	Adit	631482.22	8416736.89	4962	1	3.68	109.03
13721	4962	Adit	631482.84	8416728.98	4962	1	1.87	118.37
13722	4962	Adit	631482.81	8416728	4962	1	1.12	158.87
13723	4962	Adit	631482.83	8416726.99	4962	1	1.59	37.38
13724	4962	Adit	631482.97	8416725.98	4962	1	5.95	15.58
13725	4962	Adit	631483.08	8416725	4962	1	1	59.19
13726	4962	Adit	631483.21	8416723.99	4962	1	1.18	214.94
13728	4962	Adit	631483.37	8416721.99	4962	1	1.12	15.58
13729	4962	Adit	631483.37	8416720.99	4962	1	1.37	12.46
13730	4962	Adit	631483.36	8416720	4962	1	1.65	24.92
13731	4962	Adit	631484.6	8416729.12	4962	1	2.27	84.11
13732	4962	Adit	631484.71	8416728.14	4962	1	1.09	124.6
13735	4962	Adit	631485	8416725.14	4962	1	0.03	190.02
13740	4962	Adit	631485.54	8416720.16	4962	1	0.03	137.06
13761	4962	Adit	631482.38	8416735.97	4962	1	2.21	199.36
13762	4962	Adit	631482.51	8416734.96	4962	1	2.31	158.87
13763	4962	Adit	631482.6	8416733.98	4962	1	1.37	133.95
13764	4962	Adit	631482.76	8416732.97	4962	1	0.5	202.48
13765	4962	Adit	631484.28	8416736.11	4962	1	3.05	190.02
13766	4962	Adit	631484.34	8416735.08	4962	1	2.18	236.74
13767	4962	Adit	631484.46	8416734.14	4962	1	0.31	193.13
13768	4962	Adit	631484.55	8416733.11	4962	1	0.22	186.9
13771	4962	Adit	631482.7	8416729.99	4962	1	0.12	124.6
14545	4962	Adit	631482.63	8416711.86	4962	1.5	1.78	193.13
14546	4962	Adit	631484.53	8416711.91	4962	1.5	11.68	236.74
14601	4962	Adit	631484.78	8416708.59	4962	1.5	1.12	18.69
14603	4962	Adit	631485	8416706.85	4962	1.5	1.5	37.38

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14653	4962	Adit	631485.67	8416716.84	4962	1	2.31	763.18
14654	4962	Adit	631485.71	8416715.88	4962	1	0.9	305.27
14655	4962	Adit	631485.89	8416714.82	4962	1	0.59	68.53
14657	4962	Adit	631486.39	8416712.9	4962	1	0.78	451.68
14658	4962	Adit	631486.5	8416711.91	4962	1	0.97	149.52
14659	4962	Adit	631486.43	8416710.93	4962	1	1.59	143.29
14663	4962	Adit	631486.76	8416706.94	4962	1	3.4	271.01
14664	4962	Adit	631483.38	8416716.7	4962	1	0.37	513.98
14665	4962	Adit	631483.58	8416715.69	4962	1	0.62	224.28
14666	4962	Adit	631483.76	8416714.68	4962	1	1.21	233.63
14667	4962	Adit	631483.87	8416713.7	4962	1	0.69	152.64
14668	4962	Adit	631484.05	8416712.74	4962	1	9.41	448.56
14669	4962	Adit	631484.01	8416711.71	4962	1	2.21	80.99
14678	4962	Adit	631484.77	8416706.78	4962	1	1.31	149.52
14818	4962	Adit	631485.6	8416717.94	4962	1	0.19	137.06
14819	4962	Adit	631483.31	8416718.76	4962	1	0.09	127.72
14820	4962	Adit	631483.31	8416717.73	4962	1	0.03	165.1

Note 1: Sample results are compiled as weighted averages. Sample ID shown is for the first sample in the sequence. Samples were collected by Buenaventura between 1997 and 1999, and assayed at Intertek Bondar Clegg Bolivia. Gold (Au) was analysed by AAS with Fire Assay checks on 50 g aliquots to 2 ppb detection limits and AAS was used for Silver (Ag). All assays are available with original lab certificates from Intertek Bondar Clegg in Bolivia. Normal lab QAQC was done, and show no issues in quality. Note 2: Coordinate system used is PSAD56/UTM zone 18S EPSG 24878

Appendix 2: Surface sampling Marcelita and Elsa Breccia

Sample	ID	Prospect	Easting	Northing	Elevation	Length	Au (g/t)	Ag (g/t)
23885		Elsa Breccia	632595.0	8415082.0	4769	1.5	22.80	45.20
23886		Elsa Breccia	632597.0	8415082.0	4770	1.5	2.16	85.30
23887		Elsa Breccia	632596.0	8415072.0	4769	1.5	14.76	208.00
23888		Elsa Breccia	632598.0	8415072.0	4770	1.5	2.36	34.50
23889		Elsa Breccia	632602.0	8415072.0	4771	1.5	9.56	145.50
23890		Elsa Breccia	632596.0	8415060.0	4768	1.5	1.05	8.60
23892		Elsa Breccia	632600.0	8415060.0	4770	1.5	1.00	35.80
23895		Elsa Breccia	632606.0	8415060.0	4772	1.5	5.79	17.50
23896		Elsa Breccia	632608.0	8415060.0	4772	1.5	5.25	47.50
23897		Regional	632640.0	8415133.0	4785	1.5	1.05	16.00
23861		Veta Marcelita	632458.0	8415086.0	4712	0.65	0.27	207.00
23863		Veta Marcelita	632460.0	8415086.0	4713	1.1	1.01	40.90
23864		Veta Marcelita	632459.0	8415075.0	4713	1.2	2.59	268.90
23865		Veta Marcelita	632467.0	8415045.0	4717	1.4	5.48	117.50
29001		Veta Marcelita	632450.0	8415163.8	4699	1	0.89	117.10

==> picture [595 x 74] intentionally omitted <==

16

29002	Veta Marcelita		632451.0	8415148.8	4702	1.2	0.69	229.00
29003	Veta Marcelita		632451.0	8415144.5	4703	1.1	0.31	84.10
29005	Veta Marcelita		632450.0	8415134.7	4703	0.8	0.57	61.20
29006	Veta Marcelita		632447.5	8415118.7	4704	0.9	3.49	819.40
29007	Veta Marcelita		632448.5	8415118.9	4705	1.2	0.65	181.60
29008	Veta Marcelita		632450.5	8415119.1	4706	1	0.38	249.00
29009	Veta Marcelita		632451.0	8415107.6	4708	1	0.30	171.30
29010	Veta Marcelita		632464.0	8415089.0	4714	1.3	1.14	40.50
29013	Veta Marcelita		632486.0	8415050.0	4726	0.9	1.01	86.70
29014	Veta Marcelita		632489.0	8415048.0	4728	1.2	2.50	284.00
29015	Veta Marcelita		632502.0	8415043.0	4731	1.15	0.65	180.10
29016	Veta Marcelita		632500.0	8415041.0	4730	1.1	2.05	71.60
29017	Veta Marcelita		632498.0	8415039.0	4729	0.95	3.84	143.90
29018	Veta Marcelita		632495.0	8415037.0	4727	0.85	1.38	89.30
23872	Veta Marcelita	1	632547.5	8415259.6	4708	1	4.88	105.50
23873	Veta Marcelita	1	632549.2	8415242.8	4718	1	4.39	37.50
23876	Veta Marcelita	1	632553.0	8415193.0	4741	1	2.69	51.50
23877	Veta Marcelita	1	632551.6	8415148.6	4742	1	0.27	64.10
23878	Veta Marcelita	1	632549.6	8415148.7	4741	1	0.20	70.40
23881	Veta Marcelita	1	632546.5	8415092.1	4750	0.4	0.06	83.00
23903	Veta Marcelita	2	632727.7	8415271.5	4807	3.50	6.53	244.66
23904	Veta Marcelita	2	632731.3	8415243.2	4815	2.40	7.03	28.63
23907	Veta Marcelita	2	632732.6	8415209.8	4823	0.50	1.24	2.55
23909	Veta Marcelita	2	632734.0	8415196.5	4827	1.00	2.35	6.24
23914	Veta Marcelita	2	632743.6	8415141.3	4826	0.50	10.96	17.58
23917	Veta Marcelita	2	632747.2	8415125.1	4825	3.60	17.31	7.17
23921	Veta Marcelita	2	632748.2	8415108.8	4824	0.70	7.13	8.51
23926	Veta Marcelita	2	632752.4	8415096.5	4823	1.50	1.13	98.54
23933	Veta Marcelita	2	632751.4	8415050.8	4820	0.60	0.13	2078.62

Note 1: Sample results are compiled as weighted averages. Sample ID shown is for the first sample in the sequence. Samples were collected by Buenaventura between 1997 and 1999, and assayed at Intertek Bondar Clegg Bolivia. Gold (Au) was analysed by AAS with Fire Assay checks on 50 g aliquots to 2 ppb detection limits and AAS was used for Silver (Ag). All assays are available with original lab certificates from Intertek Bondar Clegg in Bolivia. Normal lab QAQC was done, and show no issues in quality. Note 2: Coordinate system used is PSAD56/UTM zone 18S EPSG 24878

==> picture [595 x 74] intentionally omitted <==

17