Nueva Escondida Property

Signed on July 12th 2010, allowing Bowmore to earn a 50% interest in the “extended” Nueva Escondida property.
Terms : – Cash payments totaling $200,000 plus 150,000 shares and $800,000 of work commitment over 24 months.
Amex is the operator during the earn-in period.
JV formation; if Bowmore complies with the terms of the OA.