The Project is located just 15 km due south of the Pierina Au Mine owned by Barrick Gold Corp in central Perú which has produced over 10 million ounces of Au since commercial production in 1999 (Figure 1). As with Pierina, these prospects are situated along the Cordillera Negra and associated with Miocene aged volcanic and volcanoclastic rocks forming part of the Tertiary Volcanic Arc which is known to host several large Miocene aged epithermal Au deposits including Newmont’s (Minas Buenaventura-Sumitomo) Yanacocha and Minas Congas deposits as well as several large Miocene aged porphyry Cu-Mo-(+Au) deposits including Chinalco’s Toromocho, Southern Copper’s Michiquillay and Rio Tinto’s (First Quantum Minerals) La Granja deposits

Figure 1: Location map showing the Alto Ruri concessions relative to Barrick Gold’s Pierina gold mine.

Notes:

1.Rio Maranon Minerals S.A.C., in 2011, reanalyzed portions of the drill core from the eight (8) diamond drill holes completed by Compañía de Minas Buenaventura (“Buenaventura”) at Alto Ruri in 1997. These gold assay results, and drill logs were used to calculate gold assay intervals for hole AR-001. The Company considers these historical drill results relevant it suggest the exploration potential of the Alto Ruri gold prospects. Any future exploration work by the Company's will include the verification of the historical data through drilling.

2.The original source of the historical assay results in RC drill hole 003-Q is from a 2011 technical report prepared by Rio Marañon Minerals S.A.C. The information suggests that porphyry Au-Cu-Mo mineralization may be present in this area. The rock chip and geochemical sample reject materials from 003-Q are no longer available for re-assaying purposes. For that reasons, the historical Au assay results from RC drill hole 003-Q have not been verified by the Company.

Buenaventura in 1997 who completed a two-stage, 12-hole drill program that included eight (8) NQ core and a four (4) reverse circulation drill holes totalling 2254.5 m. GlobeTrotters’ then subsidiary Rio Marañon Minerals S.A.C. re-analysed portions of the core from the eight (8) diamond drill holes in 2011 with hole 001-97 returning significant Au values averaging 2.55 g/t Au over 131 m starting from surface, including 54 m of 5.39 g/t Au1 (Tables 1 and 2). The Au mineralization is associated with the vuggy silica replacement of quartz-clay altered volcanoclastic rocks typical of high sulphidation epithermal Au alteration (Figure 2) but true widths are unknown.

Table 1: Assay results from diamond drill hole 001-97 at Alto Ruri.

Table 2: Reported drill hole collar information (WGS84 Zone 18S).

Notes:

1.Rio Maranon Minerals S.A.C., in 2011, reanalyzed portions of the drill core from the eight (8) diamond drill holes completed by Compañía de Minas Buenaventura (“Buenaventura”) at Alto Ruri in 1997. These gold assay results, and drill logs were used to calculate gold assay intervals for hole AR-001. The Company considers these historical drill results relevant it suggest the exploration potential of the Alto Ruri gold prospects. Any future exploration work by the Company's will include the verification of the historical data through drilling.

Notes:

1.The source of the historical data is from a 2011 technical report prepared by Rio Marañon Minerals S.A.C.

Notes:

1.The source of the historical data is from a 2011 technical report prepared by Rio Marañon Minerals S.A.C.

Notes:

1.Rio Maranon Minerals S.A.C., in 2011, reanalyzed portions of the drill core from the eight (8) diamond drill holes completed by Compañía de Minas Buenaventura (“Buenaventura”) at Alto Ruri in 1997. These gold assay results, and drill logs were used to calculate gold assay intervals for hole AR-001. The Company considers these historical drill results relevant it suggest the exploration potential of the Alto Ruri gold prospects. Any future exploration work by the Company's will include the verification of the historical data through drilling.

2.The original source of the historical data is from a 2011 technical report prepared by Rio Marañon Minerals S.A.C.

The Cerro Quillo prospect was drill tested by Anglo American Exploration Perú S.A. in 2004 who completed a nine (9) hole drill program for a total of 2684.90 m.  The holes were drilled in the vicinity of the Cerro Quillo Porphyry Complex located three (3) km to the west of Alto Ruri. The historical assay results from hole 003-Q returning 200 m of 0.49 g/t Au, 0.09% Cu, and 0.007% Mo but true widths are unknown (Table 1). The Cerro Quillo Porphyry Complex is a series of mineralized diorite porphyry dikes intruding Miocene aged intermediate to felsic volcanic and volcanoclastic rocks. The system is potassic altered with secondary biotite alteration, A-type and B-type veins, and local magnetite stringers overprinted by a larger 2.5 km x 1.5 km phyllic-argillic alteration zone comprised of pervasive sericite-clay alteration, D-type veins and locally disseminated tourmaline.

• Cerro Quillo Porphyry Au-Cu-Mo Project– Drilled by Anglo American 2004
  • 9 holes for a total of 2684.9 m.
  • 003-Q returned best results of 200 m of 0.49 g/t Au, 0.09% Cu, 0.007% Mo.

Table 1 : Reported drill hole collar information (WGS84 Zone 18S).