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The Las Palmeras License # 4395 is located in Segovia, Antioquia adjacent to the Frontino Gold Belt reserve. Las Palmeras has five veins on the property and a mining engineering plan in place. The mine has three main shafts dug. The main shaft is level and goes north 110 meters and then bears a 120 degree turn to the W- NW. The rails are in place to allow extraction of up to 20 tons daily of ore and waste rock. The second shaft is underneath the main shaft with 3 older vertical shafts below and at present is used as a fresh water depository. The first vein location is the main level horizontal north-south tunnel graded out at 17.5 grams of gold per ton at a width of 45 cm. At the bottom of the first vertical shaft or "clavada" a high grade ore vein has been discovered and ranges from 15cm to 30 cm with a grade of 9.3 grams of gold per ton and 101.7 grams of silver per ton. Ore samples range from 5 grams per ton to 30 grams per ton. Silver content is very high with a range of 50 grams per ton to 205 grams per ton. All samples have been certified by three independent laboratories; Metalquim and Analquimcos located in Medellin and El Guamo located Segovia Antioquia Colombia. The company has built two covered mine shafts with one inclined shaft at a 45 degrees. Other infrastructure build outs include; powder keg storage unit, office building, a covered area for the winch, ventilators and electric compressor. The concession has three major north-south veins and two east-west veins located in the license area and an engineered mining plan in place. It has access to fresh water and is hooked up to the electric grid at 240 volts connected to a tri-phase 75 KVA transformer with 700 meters of high tension electric lines installed and 6 wooden 10 meter poles . A meter box is in place with 3 phase electric hookups and harness into the mine shaft. Veins that are in the license as per April 2011 Drill hole results indicate over 160,000 Oz AU inferred gold resources and 640

A recent survey conducted in Australia shows that although their mining sector is enjoying a boom, services sector is in an opposite condition. Most of the contraction was caused by a decline in new orders among the various players in the services sector while sales and prices also fell. Just 2 out of 9 sub-sectors (namely, personal and recreational services and finance and insurance) included in the survey has grown during the month. The increased activity in the mining sector is not positively affecting the remaining sectors of the local market. The chief executive of the Australian Industry Group (AI Group) said that the contraction in the services industry just shows how narrow is its base of development in the broad market. Several stability in financial states abroad in a period of few months will be favorable for allowing consumer and business confidence to improve, resulting in a gradual increase in spending. More than half of the world's mining acquisitions in 2011 has involved projects located in US, Australia and Canada. Other buyers include China, India, Russia and Brazil, all of which increased their acquisitions by 42% since 2006. In terms of gold, the average deal is valued at USD 41 million where a premium is almost 50%. Propelling the lucrative market is Australia with 15%, United States with 14% and Canada with 49%. Considering the bigger picture of the industry, PwC seems to be expecting that this year will see record M&A valuations and volumes in the mining sector worldwide. According to the company, sovereign wealth funds tend to have more advantage in winning transactions because of their low cost of capital. PwC is assuming that non-miners like sovereign wealth funds, large pension funds and private equity might reassess their approach to the industry and begin to participate more in M&A.