Cerro de Pasco Resources Ongoing Assay Results at Quiulacocha Indicate Consistency at Depth and Laterally

Cerro de Pasco Resources Ongoing Assay Results at Quiulacocha Indicate

Consistency at Depth and Laterally

MONTRÉAL, December 3, 2024 (GLOBE NEWSWIRE) - Cerro de Pasco Resources Inc.

(CSE: CDPR) (OTCQB: GPPRF) (FRA: N8HP) (“CDPR” or the “Company”) is pleased to

report that the 40-hole drill program at its Quiulacocha Tailings Project (“TSF Project”) in

Central Peru has been successfully completed, providing more than 1,000 samples of

which 177 have been assayed to date , including the SPT04 drillhole released on

October 15.

Key Highlights

• 177 assay samples from nine drill holes, equivalent to 15% of the current drill

program, indicate an average silver grade of 1.72 ounces per tonne (oz/t) of silver

(53.64 g/t Ag), 37% higher than t he average of shallow auger samples reported by

Brophy (2012) in the north and central sections of the TSF.

• Results indicate that the metal content is consistent at depth and laterally across 400

and 600 meters of the drilled area assayed to date (Figure 2).

• Gallium, a critical mineral used in high-performance microchips for advanced military

technologies, is present with an average grade of 34.61 g/t in these 177 samples,

reaching a maximum of 144 g/t, increasing towards the center of the TSF.

Figure 1: 40-hole Quiulacocha Drill Program showing drillholes with completed assays

CDPR's CEO, Guy Goulet commented:

"These results are highly encouraging and exceed our initial projections, particularly

regarding silver continuity and grade. In addition to zinc, lead, silver, copper, and gold,

the detection of elements like gallium and indium—critical for advanced 5G technologies,

robotics, and nuclear medicine —presents the potential for valuable by -product metal

credits in the planned concentrates.

Representative composite samples will now undergo metallurgical testing to support

further studies. These findings will inform our planning for an extended drilling campaign,

set to commence in the second quarter of 2025, focusing on the remaining tailings."

Assay Results

Inspectorate Services Perú S.A.C., a Peruvian subsidiary of Bureau Veritas, released the

assay results of 177 samples from nine drillholes, including the SPT04 drillhole released

on October 15, distributed across the northern and central areas of the polymetallic

tailings ( Ag-Zn-Pb; Figure 1). These assays, equivalent to 15% of the current drilling

program, show average grades of 1.72 oz/t Ag (53.64 g/t Ag), 1.56% Zn, and 0.77% Pb

(Table 1).

The results from each drillhole show that the metal content is continuous at depth. T he

plots covering 400 and 600 meters across the drilled area, show the lateral continuity of

Ag, Zn, and Pb grades (Figure 2). The predominant silver grades are in the range of 1.40

to 1.80 oz/t, with slightly higher grades occurring in the northeastern portion of the drilling

area, closer to the Excelsior stockpile.

These assay results are derived from a combination of multi -element ICP (detecting 60

elements), Atomic Absorption (for determining upper limits of metals Zn, Pb, and Cu),

and Fire Assay for Au. The assay results for each of the nine drillholes are presented in

Table 2 to Table 10.

The Iron results also indicate consistent presence of pyrite throughout the deposit. Pyrite

(indicatively 50% of the tailings) may represent a valuable by-product for the project. The

upcoming metallurgical test work program will also evaluate the potentia l for pyrite

recovery, including likely grades, by-products and impurities.

Figure 2: Silver grade across 400 meters of the Quiulacocha tailings

Table 1. Statistical summary of assay results from 177 samples, nine drillholes

Ag (oz/t) Ag (g/t) % Zn % Pb % Cu Au (g/t) Ga (g/t) In (g/t) % Fe

Mean 1.72 53.64 1.56 0.77 0.07 0.07 34.61 18.37 29.78

Median 1.66 51.66 1.54 0.66 0.06 0.04 28.27 19.14 29.15

St. Dev 0.36 11.11 0.56 0.35 0.05 0.09 22.05 4.21 3.24

Minimum 1.12 34.88 0.25 0.36 0.01 0.01 0.00 2.32 19.02

Maximum 3.29 102.36 3.57 2.25 0.27 0.57 144.00 28.08 37.74

Samples 177 177 177 177 177 177 177 177 177

Table 2. Assay results, Drillhole SPT03A

Drillhole: SPT03A

From To Ag (oz/t) Ag (g/t) % Zn % Pb % Cu Au (g/t) Ga (g/t) In (g/t) % Fe

0 1 2.39 74.34 0.38 0.69 0.02 0.08 31.67 8.16 31.83

1 2 1.31 40.75 1.25 0.48 0.03 0.03 22.56 16.45 29.15

2 3 1.31 40.75 1.15 0.44 0.03 0.03 26.19 14.42 29.91

3 4 1.45 45.10 0.92 0.38 0.02 0.02 19.26 13.12 31.85

4 5 1.58 49.14 1.18 0.44 0.03 0.02 23.37 14.63 31.74

5 6 1.92 59.72 2.07 0.76 0.05 0.03 32.61 19.59 31.64

6 7 2.01 62.52 2.62 0.97 0.04 0.03 22.30 20.59 29.97

7 8 2.30 71.54 3.01 1.24 0.05 0.05 15.09 18.34 34.26

8 9 2.53 78.69 3.57 1.21 0.07 0.03 15.03 21.05 34.63

9 10 2.56 79.62 3.51 1.29 0.08 0.04 15.17 24.56 36.00

10 11 2.00 62.21 2.45 0.83 0.06 0.04 17.94 23.38 34.10

11 12 1.84 57.23 1.68 0.63 0.06 0.05 13.24 16.33 34.27

12 13 1.78 55.36 1.39 0.53 0.05 0.03 19.92 14.62 32.25

13 14 2.00 62.21 1.90 0.65 0.05 0.04 17.06 16.07 32.46

14 15 1.67 51.94 1.31 0.58 0.06 0.01 20.68 13.94 31.52

15 16 1.53 47.59 1.20 0.73 0.08 0.05 28.91 16.14 26.58

Mean 1.89 58.67 1.85 0.74 0.05 0.04 21.31 16.96 32.01

Table 3. Assay results, Drillhole SPT04

Drillhole: SPT04

From To Ag (oz/t) Ag (g/t) % Zn % Pb % Cu Au (g/t) Ga (g/t) In (g/t) % Fe

0 1 2.97 92.38 0.34 1.37 0.02 0.08 72.95 23.28 22.59

1 2 2.11 65.63 1.13 0.69 0.03 0.04 25.33 19.71 33.41

2 3 1.72 53.50 1.57 0.54 0.02 0.02 9.79 20.23 35.23

3 4 1.92 59.72 2.29 0.59 0.03 0.03 19.54 20.55 36.75

4 5 1.80 55.99 1.97 0.54 0.03 0.02 19.55 18.80 36.36

5 6 1.87 58.16 1.83 0.58 0.04 0.03 21.76 19.21 35.02

6 7 2.61 81.18 2.44 0.91 0.05 0.03 17.18 22.53 34.71

7 8 2.28 70.92 2.58 0.79 0.05 0.04 19.53 20.55 34.32

8 9 1.96 60.96 2.98 0.78 0.06 0.03 15.76 20.81 37.74

9 10 1.91 59.41 2.39 0.59 0.05 0.04 12.64 16.06 35.32

10 11 1.95 60.65 2.60 0.69 0.06 0.04 15.71 18.48 34.19

11 12 1.71 53.19 1.58 0.73 0.06 0.05 27.85 16.28 33.02

12 13 1.59 49.45 1.44 0.69 0.06 0.05 27.17 13.48 29.81

13 14 1.74 54.12 1.37 1.18 0.09 0.06 50.23 20.46 31.62

14 15 1.68 52.25 1.60 0.97 0.09 0.08 41.54 18.65 32.57

15 16 1.64 51.01 1.58 0.81 0.11 0.12 30.66 18.41 32.93

16 17 1.65 51.32 1.68 0.69 0.18 0.21 22.97 16.75 31.78

17 18 1.70 52.88 1.46 0.89 0.27 0.22 0.00 9.12 20.60

18 19 1.53 47.59 1.34 0.64 0.12 0.11 30.83 15.30 28.06

Mean 1.91 59.49 1.80 0.77 0.07 0.07 25.32 18.35 32.42

Table 4. Assay results, Drillhole SPT05

Drillhole: SPT05

From To Ag (oz/t) Ag (g/t) % Zn % Pb % Cu Au (g/t) Ga (g/t) In (g/t) % Fe

0 1 3.29 102.33 0.33 1.37 0.01 0.09 48.24 5.50 19.85

1 2 2.77 86.16 0.62 0.88 0.01 0.06 28.76 9.82 27.02

2 3 2.60 80.87 0.86 0.86 0.01 0.06 34.33 15.62 27.86

3 4 1.68 52.25 1.50 0.45 0.02 0.03 18.84 15.87 33.21

4 5 1.55 48.21 1.49 0.42 0.02 0.03 15.49 15.14 33.38

5 6 1.60 49.77 1.50 0.45 0.02 0.02 20.16 14.55 32.21

6 7 1.94 60.34 1.90 0.54 0.05 0.03 16.43 18.05 32.28

7 8 2.15 66.87 2.31 0.63 0.06 0.04 20.09 21.14 32.47

8 9 2.10 65.32 2.17 0.63 0.05 0.03 15.97 20.15 32.35

9 10 1.87 58.16 2.32 0.59 0.05 0.03 13.24 19.51 32.40

10 11 1.83 56.92 2.09 0.62 0.06 0.04 13.83 17.62 31.59

11 12 1.48 46.03 1.47 0.51 0.05 0.04 12.06 15.09 31.31

12 13 1.49 46.34 1.42 0.85 0.09 0.04 31.56 18.43 30.72

13 14 1.53 47.59 1.19 0.67 0.07 0.05 25.05 15.08 32.08

14 15 1.75 54.43 1.55 1.75 0.11 0.07 60.47 26.44 28.94

15 16 1.71 53.19 2.30 1.53 0.13 0.16 48.62 24.68 29.25

16 17 1.63 50.70 1.80 0.73 0.12 0.14 19.96 17.99 32.15

17 18 1.63 50.70 1.95 0.71 0.14 0.17 13.66 20.21 31.83

18 19 1.73 53.81 1.76 0.51 0.22 0.29 22.08 17.65 29.53

19 20 1.82 56.61 1.53 0.43 0.27 0.45 23.80 15.64 27.95

Mean 1.91 59.33 1.60 0.76 0.08 0.09 25.13 17.21 30.42

Table 5. Assay results, Drillhole SPT06

Drillhole: SPT06

From To Ag (oz/t) Ag (g/t) % Zn % Pb % Cu Au (g/t) Ga (g/t) In (g/t) % Fe

0 1 2.46 76.51 0.36 1.00 0.02 0.07 36.46 13.26 26.86

1 2 2.11 65.63 0.31 0.99 0.02 0.06 39.02 19.16 26.79

2 3 1.51 46.97 1.13 0.51 0.02 0.04 22.26 19.81 28.17

3 4 1.46 45.41 1.29 0.44 0.02 0.03 19.57 17.34 32.50

4 5 1.58 49.14 1.17 0.47 0.02 0.03 24.78 16.82 29.33

5 6 1.71 53.19 1.08 0.57 0.04 0.03 22.89 17.78 28.41

6 7 1.92 59.72 1.55 0.60 0.05 0.03 28.94 19.45 32.86

7 8 1.97 61.27 1.75 0.57 0.05 0.03 25.24 19.18 32.50

8 9 1.85 57.54 1.61 0.57 0.05 0.03 24.70 18.91 29.17

9 10 1.69 52.56 1.57 0.57 0.05 0.03 24.28 17.43 29.42

10 11 1.75 54.43 1.80 0.60 0.05 0.03 13.94 17.68 28.11

11 12 1.80 55.99 1.93 0.57 0.05 0.04 13.36 17.66 27.51

12 13 1.76 54.74 1.56 1.75 0.12 0.05 71.19 8.20 26.16

13 14 1.57 48.83 1.48 0.72 0.06 0.04 28.77 16.68 27.74

14 15 1.53 47.59 1.73 0.99 0.07 0.08 39.61 20.48 29.48

15 16 1.71 53.19 1.83 1.60 0.12 0.09 60.65 8.52 26.85

16 17 1.53 47.59 1.58 0.84 0.10 0.13 34.78 22.76 27.89

17 18 1.72 53.50 2.10 0.84 0.14 0.15 32.68 21.63 29.41

18 19 1.50 46.66 1.74 0.51 0.20 0.34 19.61 17.56 26.54

19 20 1.65 51.32 1.67 0.49 0.23 0.39 19.75 16.01 27.33

20 21 1.81 56.30 1.91 0.51 0.23 0.32 18.75 17.46 27.62

Mean 1.74 54.19 1.48 0.75 0.08 0.10 29.58 17.32 28.60

Table 6. Assay results, Drillhole SPT07

Drillhole: SPT07

From To Ag (oz/t) Ag (g/t) % Zn % Pb % Cu Au (g/t) Ga (g/t) In (g/t) % Fe

0 1 1.28 39.81 1.17 0.59 0.03 0.04 26.71 17.62 28.02

1 2 1.36 42.30 1.49 0.68 0.03 0.04 38.85 18.89 28.54

2 3 1.30 40.43 1.08 0.47 0.02 0.03 23.98 17.45 28.73

3 4 1.26 39.19 0.92 0.44 0.02 0.03 29.57 17.67 28.11

4 5 1.22 37.95 0.97 0.40 0.02 0.03 25.49 16.10 29.66

5 6 1.42 44.17 1.08 0.45 0.03 0.04 26.29 17.68 32.52

6 7 1.76 54.74 1.14 0.50 0.03 0.03 27.38 15.84 33.28

7 8 1.72 53.50 1.13 0.62 0.05 0.03 42.97 19.81 28.64

8 9 1.77 55.05 1.45 0.70 0.06 0.03 40.32 21.04 27.80

9 10 1.96 60.96 1.72 0.60 0.06 0.04 30.32 21.89 29.33

10 11 1.76 54.74 1.46 0.61 0.06 0.03 31.08 17.84 28.56

11 12 1.57 48.83 1.27 0.52 0.04 0.04 28.27 17.32 28.23

12 13 1.48 46.03 1.37 0.81 0.08 0.03 36.12 21.39 27.34

13 14 1.66 51.63 1.50 0.75 0.07 0.04 31.92 18.11 28.98

14 15 1.68 52.25 1.58 0.55 0.05 0.03 20.08 17.29 29.28

15 16 1.58 49.14 1.14 1.23 0.08 0.07 40.45 21.06 27.14

16 17 1.60 49.77 1.35 0.97 0.08 0.06 39.23 20.57 27.84

17 18 1.77 55.05 1.63 1.41 0.11 0.08 44.90 23.47 27.59

18 19 1.44 44.79 2.02 0.79 0.08 0.12 26.67 20.79 28.66

19 20 1.30 40.43 1.55 0.57 0.10 0.15 21.08 16.21 26.03

20 21 1.60 49.77 2.16 0.56 0.20 0.20 22.85 21.20 26.82

21 22 1.60 49.77 1.94 0.49 0.22 0.34 22.43 19.18 26.34

22 23 1.55 48.21 1.45 0.75 0.07 0.05 30.16 19.33 27.99

23 24 1.74 54.12 2.25 0.58 0.22 0.24 19.99 21.17 28.52

Mean 1.56 48.44 1.45 0.67 0.08 0.08 30.30 19.12 28.50

Table 7. Assay results, Drillhole SPT25

Drillhole: SPT25

From To Ag (oz/t) Ag (g/t) % Zn % Pb % Cu Au (g/t) Ga (g/t) In (g/t) % Fe

0 1 1.85 57.54 0.31 1.06 0.03 0.06 78.08 22.70 23.25

1 2 1.20 37.32 0.99 0.79 0.03 0.04 60.31 21.16 28.69

2 3 1.33 41.37 0.95 0.50 0.02 0.04 38.35 19.85 31.48

3 4 2.01 62.52 1.94 0.68 0.03 0.03 12.77 21.65 31.39

4 5 2.49 77.45 2.42 0.82 0.04 0.04 17.64 20.87 33.84

5 6 2.53 78.69 2.52 0.80 0.04 0.05 19.57 20.45 35.06

6 7 2.03 63.14 2.71 0.77 0.04 0.03 19.20 20.10 33.95

7 8 1.99 61.90 2.68 0.68 0.05 0.03 19.09 19.61 35.13

8 9 1.54 47.90 1.74 0.62 0.06 0.04 23.60 15.65 28.91

9 10 1.65 51.32 1.89 0.56 0.06 0.03 19.44 14.91 31.74

10 11 1.68 52.25 1.78 0.66 0.06 0.03 24.28 16.26 32.19

11 12 1.60 49.77 1.54 0.65 0.06 0.04 18.69 15.65 32.93

12 13 1.50 46.66 1.53 0.92 0.07 0.07 35.53 17.56 32.18

13 14 1.58 49.14 1.66 0.84 0.08 0.09 32.13 15.91 34.51

14 15 1.42 44.17 1.32 0.71 0.08 0.08 28.22 16.54 31.73

Mean 1.76 54.74 1.73 0.74 0.05 0.05 29.79 18.59 31.80

Table 8. Assay results, Drillhole SPT26

Drillhole: SPT26

From To Ag (oz/t) Ag (g/t) % Zn % Pb % Cu Au (g/t) Ga (g/t) In (g/t) % Fe

0 1 3.02 93.93 0.25 2.25 0.02 0.07 144.00 22.48 19.02

1 2 2.44 75.89 0.57 1.82 0.09 0.06 129.00 19.36 24.79

2 3 1.62 50.39 1.25 0.66 0.03 0.03 54.72 18.00 32.32

3 4 1.93 60.03 1.67 0.63 0.04 0.03 33.40 21.94 32.74

4 5 1.73 53.81 1.87 0.56 0.03 0.03 13.60 21.36 29.92

5 6 2.35 73.09 2.87 0.72 0.04 0.03 25.04 18.28 32.04

6 7 2.09 65.01 2.30 0.63 0.05 0.03 19.84 24.63 34.65

7 8 2.05 63.76 2.02 0.58 0.05 0.03 21.88 23.75 35.00

8 9 1.67 51.94 1.81 0.59 0.06 0.03 19.16 20.13 31.22

9 10 1.92 59.72 1.86 0.63 0.06 0.03 16.28 20.98 34.41

10 11 1.51 46.97 1.71 0.64 0.06 0.03 11.08 19.78 31.62

11 12 1.53 47.59 1.54 0.54 0.05 0.04 5.04 18.77 32.92

12 13 1.61 50.08 1.19 0.55 0.05 0.04 23.04 17.93 34.22

13 14 1.77 55.05 1.37 1.21 0.09 0.07 56.92 22.52 33.29

Mean 1.95 60.52 1.59 0.86 0.05 0.04 40.93 20.71 31.30

Table 9. Assay results, Drillhole SPT28

Drillhole: SPT28

From To Ag (oz/t) Ag (g/t) % Zn % Pb % Cu Au (g/t) Ga (g/t) In (g/t) % Fe

0 1 1.28 39.81 0.96 0.51 0.03 0.03 39.18 18.66 29.31

1 2 1.33 41.37 1.35 0.85 0.03 0.03 50.47 23.47 26.86

2 3 1.50 46.66 1.42 1.32 0.03 0.17 67.11 23.83 26.22

3 4 1.44 44.79 0.88 0.57 0.03 0.03 44.62 20.24 29.13

4 5 1.37 42.61 0.91 0.53 0.03 0.03 42.72 18.92 28.83

5 6 1.51 46.97 1.36 0.56 0.04 0.03 36.79 19.68 32.13

6 7 1.48 46.03 1.27 0.51 0.03 0.03 34.36 18.33 28.78

7 8 1.74 54.12 1.58 0.55 0.05 0.04 39.51 19.14 28.80

8 9 1.62 50.39 1.52 0.62 0.05 0.03 37.82 17.92 29.37

9 10 1.62 50.39 1.47 0.84 0.07 0.03 45.57 23.36 27.77

10 11 1.66 51.63 1.62 0.72 0.06 0.03 45.53 19.65 27.51

11 12 1.49 46.34 1.41 0.80 0.07 0.03 40.54 19.48 27.63

12 13 1.54 47.90 1.50 0.69 0.06 0.03 46.14 19.54 26.73

13 14 1.82 56.61 1.73 1.63 0.11 0.04 77.87 4.76 27.73

14 15 1.54 47.90 1.49 0.87 0.07 0.05 43.30 22.52 28.26

15 16 1.52 47.28 1.34 0.91 0.08 0.06 42.35 20.90 28.79

16 17 1.86 57.85 1.52 1.58 0.10 0.06 56.24 3.84 29.47

17 18 1.25 38.88 1.47 0.56 0.10 0.13 28.63 18.23 27.72

18 19 1.39 43.23 1.67 0.62 0.11 0.12 32.01 19.68 28.66

19 20 1.50 46.66 2.03 0.57 0.16 0.17 29.29 19.64 27.51

20 21 1.47 45.72 1.67 0.49 0.17 0.27 26.70 15.93 27.84

21 22 1.43 44.48 1.70 0.50 0.14 0.19 26.99 17.57 29.00

22 23 1.39 43.23 1.71 0.48 0.16 0.24 28.10 17.08 26.79

23 24 1.49 46.34 1.64 0.36 0.24 0.53 27.32 15.22 25.54

24 25 2.00 62.21 1.58 0.41 0.25 0.57 27.48 16.00 26.63

Mean 1.53 47.58 1.47 0.72 0.09 0.12 40.67 18.14 28.12

Table 10. Assay results, Drillhole SPT31

Drillhole: SPT31

From To Ag (oz/t) Ag (g/t) % Zn % Pb % Cu Au (g/t) Ga (g/t) In (g/t) % Fe

0 1 1.24 38.57 0.93 0.77 0.03 0.03 79.89 3.24 24.82

1 2 1.77 55.05 0.57 1.44 0.05 0.05 98.55 4.12 24.01

2 3 1.77 55.05 0.98 1.43 0.05 0.05 109.00 2.32 25.95

3 4 1.57 48.83 0.87 0.64 0.04 0.02 71.15 24.56 28.06

4 5 1.28 39.81 0.76 0.45 0.03 0.03 51.87 20.87 28.66

5 6 1.13 35.15 0.78 0.56 0.03 0.03 56.36 20.84 27.31

6 7 1.65 51.32 1.46 0.76 0.06 0.03 55.99 23.32 27.02

7 8 1.73 53.81 1.19 0.69 0.06 0.03 53.85 20.50 29.55

8 9 1.58 49.14 1.31 0.83 0.07 0.03 71.69 21.88 24.94

9 10 1.71 53.19 1.24 0.63 0.06 0.03 55.70 20.66 27.78

10 11 1.62 50.39 1.36 0.78 0.06 0.03 56.32 21.21 26.70

11 12 1.69 52.56 1.27 0.58 0.05 0.04 33.24 14.69 33.54

12 13 1.63 50.70 1.71 1.87 0.09 0.05 97.69 21.48 26.70

13 14 1.71 53.19 1.74 1.81 0.10 0.05 77.74 19.56 26.46

14 15 1.74 54.12 1.86 2.16 0.11 0.06 112.00 28.08 26.50

15 16 1.43 44.48 1.59 0.77 0.08 0.08 31.16 19.31 28.69

16 17 1.49 46.34 1.70 1.21 0.13 0.08 61.19 22.72 27.82

17 18 1.23 38.26 1.30 0.72 0.10 0.09 55.23 21.53 27.04

18 19 1.12 34.84 1.06 0.58 0.08 0.11 32.34 19.14 26.61

19 20 1.40 43.54 1.50 0.82 0.08 0.07 37.21 22.13 27.90

20 21 1.47 45.72 1.66 0.82 0.12 0.07 39.06 24.32 29.15

21 22 1.41 43.86 1.51 0.74 0.10 0.08 43.96 22.03 28.68

22 23 1.41 43.86 1.62 0.70 0.13 0.10 34.82 23.14 27.12

Mean 1.51 47.03 1.30 0.95 0.07 0.05 61.57 19.20 27.44

Drill Program

CDPR engaged Ingetrol Comercial S.A.C., a subsidiary of Grupo Ingetrol (Chile), and

ConeTec Peru, a subsidiary of the ConeTec Group (Canada). The campaign utilizes

percussion and sonic drilling techniques to ensure the most accurate results.

On October 23 rd, the Company completed the last of 40 drillholes, ahead of the rainy

season, collecting more than 1,000 samples over a significant portion of the Quiulacocha

tailings deposit. The s amples were safely transported to the laboratory in freezer

containers and are currently under analysis.

Laboratory Testing

All samples are stored and transported to Lima in freezer containers to prevent oxidation

and preserve sample integrity.

The samples are dried and tested at the Inspectorate Services Lab (Bureau Veritas) in

Lima. Following geochemical and mineralogical testing, representative composites from

select samples will be sent to Bureau Veritas Antofagasta (Chile) for advanced

metallurgical test work program.

This extensive laboratory program will determine the mineral resource estimate and

evaluate potential metallurgical methods for metal and pyrite recovery of the Quiulacocha

tailings.