MANUELITO MINERALS S.A

IOCG MINING PROJECT

Location

Location: Punitaqui From Santiago (RM): 480km From Smelter ENAMI DELTA (IV Region): 100km From Coquimbo (nearest harbor):

170kms From Smelter Enami Paipote (III

region): 490kms

Mineral Resources. September 2012

Drill Hole Database 27000m of drilling (DDH & RC) +60kms of geophysics Detailed geochemistry, mapping and sampling (from

certified labs)

Geological Interpretation and 3D Geological Model

Integration of the Structural Geology – Complex Fault System

Domain Definition Technical report compliant to NI 43-101

Mineral Resources

Drill Hole Database

Mineral Resources

Integration of the Structural Geology

Mineral Resources

Domaining

Mineral Resources

Block Modeling

Conclusions

The Manuelito Minerals property represents a reasonable copper-iron-silver project. Exploration drilling to date has defined a mineralized copper-iron-silver zone at Manuelito’s main target Dos Amigos and also in an area of approximately 4500 hectares extending through a vertical elevation of 900 meters. The deposit remains open at depth and along the NS long axis of the mineralized trend. The boundaries of the Dos Amigos (main target) have been only partially defined and possibility to increase the mineral resource remains open especially with the primary target La Porrita.

Infill drilling in Dos Amigos and La Porrita could help the project to become a world class deposit with a potential of 200-250 million tons.

The Dos Amigos deposit is estimated to host a measured, indicated and inferred Mineral Resources of 67 million tones averaging 0.53% TCu, 9.2% Fe and 1.4 g/t Ag at 0.3% TCu cutoff.

The change of the mineral resources is explained by the combination of upgrading of a large portion of Inferred resource and definitions of additional resources due to an improved geological and structural interpretation.

The variography produced using data from MANSA’ drill holes, show good continuity down the hole and limited continuity across and perpendicular to the strike and it is mainly due to the need of infill drilling. Ordinary kriging was used to interpolate total copper, soluble copper, iron, vanadium, and silver grades in blocks of 5 x 5 x 5 meters

Mining potential of new targets of Western belt within the mining property of Manuelito Minerals S. A.

La Porrita (100+Mtons - @0.5+ TCu%) Dos Amigos (130+Mtons - @0.53 TCu%) South Zone (290+Mtons - @0.45 TCu%) Central Zone (160+Mtons - @0.45 TCu%)

Total mining potential of the Western mineralized belt:

Oxide ore 20+Mtons 0.5%TCuSulphide ore 600+ Mtons 0.45% TCu

Cross section W-E over the Dos Amigos mine

MANUELITO MINERALS S.A STRATEGIC PLAN 2012-2014

Cross section N-S over the Dos Amigos mine