Esperanza's Resources and Reserves

1 - San Luis Reserves

• Reserve estimate prepared by: Steve L. Milne, P.E. an independent Qualified Person as defined by NI 43-101 of Milne & Associates, Inc. Tucson, AZ (August 2009)
• Reserves estimated using a gold price of $800/oz, a silver price of $12.50/oz, metallurgical recoveries of 94.0% for gold, 90.0% for silver, and operating costs of $160.83/ore-tonne to determine a break-even cut-off grade of 6.9 g/t Au-equivalent.
• Gold-Equivalent values based on a Ag:Au price ratio of 56:1
• Esperanza currently controls 30% of the San Luis Project.

2 - San Luis Resources

• Proven and Probable reserves at San Luis are included within this resource.
• Gold-Equivalent values based on a Ag:Au price ratio of 56:1
• Esperanza currently controls 30% of the San Luis Project.

3 - Cerro Jumil Resources

• Measured and Indicated Resource at Cerro Jumil, based on 0.3 g/t Au-Eq cut-off and Ag:Au metal recovery ration of 0.62. Resource estimate prepared by Dean D. Turner, P. Geologist an independent Qualified Person as defined by NI 43-101 of Exploration Geotechnologies, Inc. , Littleton, CO (September 2010)
• Esperanza currently controls 100% of the Cerro Jumil Project.

4 - Cerro Jumil – Silver Zone Resources

• Separate Silver Resources at Cerro Jumil estimated utilizing a 25 g/t Ag cut-off.
• Esperanza currently controls 100% of the Cerro Jumil Project.