Topacio Gold Project Update

TOPACIO GOLD PROJECT - OVL holds option to acquire 100% * ORO VERDE • 2.7 million tonnes at 3.9g/t Au (340,000 oz Au) - Inferred Mineral Resource (NI 43-101) 1 This is a foreign estimate and is not reported in accordance with the JORC Code. A Competent Person has not done sufficient work to classify the estimate as mineral resource in accordance with the JORC Code. It is uncertain that following evaluation and further exploration work that the estimates will be able to be reported as mineral resources in accordance with the JORC Code • Option to Purchase Agreement commenced in February 2015 2 years 7 months into the 3 year Option Agreement . Very attractive option conditions for a 340,000oz resource with excellent upside: . US$2m spend over 3 years • 6 x US$40,000 payments each 6 months to Vendor [exceeded] [completed] • US$1.5m to acquire 100% . Plus either i) 2% royalty, or ii) US$1/oz Au (in measured and indicated resources) 00 8

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