Corporate and Exploration Update

April 2009

DISCLAIMER

This presentation contains projections and forward looking information that involve risks and uncertainties regarding future events. Such forward-looking information can include without limitation statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Corporation. These risks and uncertainties could cause actual results and the Corporation’s plans and objectives to differ materially from those expressed in the forward-looking information. Actual results and future events could differ materially from anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Corporation assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

Company

Overview

• Four projects with known economic mineralization and potential for hosting multi-million ounces deposits

• Well-established projects pipeline in one of the most promising gold-silver belts

• Highly experienced management and technical teams with great knowledge on how to do business in Mexico

• Aggressive exploration program to do our first NI 43-101 compliant reserve estimation at Cieneguita by 2Q 2009

• Cash flow from Cieneguita by 2Q 2009 to supplement funding exploration work and acquire new attractive opportunities/projects

• Strategy to grow by establishing a projects pipeline with the goal of drilling two new projects per year

Investment Highlights

• Flagship project: Cieneguita, a new Au and polymetallic discovery in the Sierra Madre Occidental

• NI 43-101 compliant inferred resource estimation completed: 15.25 million tons with 2.62 g/t Au equivalent – 1’268,412 million ounces Au Eq. (considering only 50 out of 100 completed drillholes)

• Hole CI-21 intersected 111.50 meters of 1.23 g/t Au, 99.59 g/t Ag, 0.45% Pb and 0.73% Zn

• Hole CI-30 intersected 94.0 m of 1.21 g/t Au, 79.81 g/t Ag, 0.0.78% Pb and 1.19% Zn

• Fully funded JV agreement with Minera Rio Tinto (MRT) to put Cieneguita into production by 2Q 2009

Strengths

Overall Objective

• Create wealth to Mexoro shareholders by growing cash flow, expanding existing drilled resources and drilling new discoveries

Strategic Operational Focus – Mexico

• Begin 200 tonnes per day gold-silver production from Cieneguita by 2Q 2009

• Systematic exploration of project portfolio – 4 active projects

• Drilling to commence during second quarter 2009 – 2 projects

• Complete Infill drilling and reserve estimation complying with NI 43-101 – Cieneguita project

• Complete audit processes and move to the Toronto Stock Exchange

• Identify new properties and acquisition opportunities in the most attractive mineralized belts

Joint Ventures – Mexico

• Fully funded JV agreement in place for the future development of:

Cieneguita project in Chihuahua, Mexico - Minera Rio Tinto (MRT)

Our Growth Strategy

Share Structure

Capital Structure:

• Trading symbol: OTCBB: MXOM

• Issued and Outstanding: 33.944 million

• Current share price: $0.35

• Market Capitalization $11.88 million

• CUSIP#: 593054 10 9

• State of Incorporation: Colorado, USA

• Auditors: Myler & Company LLC

• Transfer Agent: Corporate Stock Transfer

Share Holder Breakdown:

• Institutional 10%

• Management 15%

• Retail 75%

Status & Next Exploration Stage

Projects, Exploration and New Opportunities

Projects Location

Sierra Madre Occidental Gold-Silver Belt:

• Over 40 million ounces of gold and more than 2 billion ounces of silver has been produced

• More than 20 million ounces of gold have been discovered since 1992

• The largest epithermal precious metal province in the world and host a majority of Mexico’s gold and silver deposits

Cieneguita Gold-Silver Project

Key Project Characteristics:

• Located ~20 km from Gold Corp’s El Sauzal mine (2.1 Moz Au)

• Mineralization extends 900 meters along strike, is up to 300 meters wide and still remains open to the southwest and to depth

• 100 holes completed for a total of 20,215.01 meters of drilling

• Analysis results completed and received for 54 holes (CI-01 to CI-54)

• Broad mineralization intercepts including:

CI-21: 111.5m with 1.2 g/t Au, 99.6 g/t Ag, 0.45% Pb & 0.73% Zn

CI-30: 94m with 1.21 g/t Au, 79.81 g/t Ag, 0.7% Pb & 1.19% Zn

CI-34: 55m with 3.99 g/t Au, 75.36 g/t Ag

CI-35: 31m with 1.72 g/t Au, 67.36 g/t Ag, 0.56% Pb & 0.72% Zn

CI-46: 23m with 8.93 g/t Au & 63.39 g/t Ag

CI-47: 48.8m with 0.86 g/t Au, 166.9 g/t Ag, 0.52% Pb & 1.1% Zn

CI-67*: 24.0m with 1.53 g/t Au and 107.36 g/t Ag

CI-69*: 15.0m with 0.95 g/t Au and 510.2 g/t Ag, including: 4.5m @ 1.41 g/t Au and 1,072 g/t Ag

• Exploration ongoing; infill drilling program has been designed to expand inferred resources

*Drillholes released on 23 March 2009

Cieneguita Gold-Silver Project

Resource and Potential:

• NI 43-101 compliant inferred resource estimate completed: 15.249 million tons with 2.62 g/t Au equivalent (1.28 million ounces of Au Eq.)

• Resources estimation considered 50 out of 100 holes. Excellent potential to increase resources significantly

• Large, outcropping and near-surface open pit gold-silver resource with upside laterally and with depth

• Infill drilling displays excellent continuity of mineralization and overall grades

• Excellent infrastructure: highway and power, located close to a town site in a mining-friendly state

• Excellent potential for additional discoveries: Piedras Blancas

Cieneguita Project – Mexoro & MRT

• Mexoro-MRT JV Agreement

•25:75 partnership to mine first 15 meters

•$1’000,000 placement

•$3’000,000 investment to put Cieneguita into Production

•$5’000,000 investment to take Cieneguita through the Feasibility stage

•60:40 Partnership to mine the complete Cieneguita deposit after $5M investment

• Infill drilling to commence 15 April 2009 with further exploration plan for 2Q 2009

• Feasibility study to commence during 2Q 2009

• Projected Cash injection to Mexoro from operation in Cieneguita – US$500,000 per month starting June 2009

Cieneguita Gold-Silver Project

Exploration and Future Potential

Piedra Blanca Target:

• New identified area 500 meters to the south of the Cieneguita deposit

• It is exhibiting intense alteration characterized by quartz-sericite-pyrite assemblages. Areas with intense fracturing and stockworks where limonites dominated by goethite and hematite are common

• Assay results from surface sampling have returned values ranging from 0.30 to 4.04 g/t Au and 100 to 8900 ppm Cu

• Mineralization extends at least 700 x 300 meters and is located in the intersection of main structures

Next Exploration Stage:

• Complete mapping and sampling program at 1:1000 scale

• Define and drill targets by 3Q 2009

Guazapares Silver-Gold Project

Key Elements and Achievements:

• Mapping-sampling program identified 3 main targets: San Antonio, San Francisco and El Cantilito

• Silver-gold rich veins are exposed over 2 km and open along strike. The entire mineralization system is partially tested

• Mineralization occurs spatially associated to rhyolite-dacite domes

• Gold and silver mineralization occur in hydrothermal breccias and quartz veins along faults and in adjacent quartz veinlet stockworks

• 31 holes completed for 4,680.86 meters of drilling on the 3 targets in two different stages. Drilling highlights include:

GU-10: 13.75 m with 2.75 g/t Au Eq

­ Including: 5.82 m with 5.46 g/t Au Eq

GU-11: 17.89 m with 2.58 g/t Au eq

­ Including: 4.91 m with 4.72 g/t Au Eq

GU-13: 9.0 m with 3.63 g/t Au Eq

­ Including: 2.75 meters with 7.93 g/t Au Eq

GU-16: 18.92 m with 4.33 g/t Au Eq

­ Including: 7.74 m with 9.10 g/t Au Eq

Guazapares Silver-Gold Project

Next Exploration Stage – 2009:

• Mapping and drilling results are providing the evidence to highlight the great potential of the Guazapares project. Activities for next exploration stage will include:

• Mapping-sampling the entire concessions

• Define and drill targets on the Montaña de Oro and Blanquita targets

• Define and drill targets on the extension further west of the San Antonio and El Cantilito mineralized structures

• Define and drill targets on the central portion of the project, where all mineralized structures intersect

Sahuayacan Gold-Siler Project

Key Elements and Achievements:

• Mapping and sampling program identified 4 targets: Santo Niño, Santa Teresa, La Cumbre y Cerro Cacho

• Mineralization tends to cluster along Santo Niño and Santa Teresa veins. La Cumbre is a disseminated mineralization

• 13 holes completed for 2,100 meters of drilling. Drilling highlights include:

• SA-01: 7.50 meters with 2.56 g/t Au and 11 meters with 2.24 g/t Au

• SA-12: 7.50 meters with 56.01 g/t Au and 283.22 g/t Ag

• SA-05: 4.5 meters with 1.77 g/t Au (from surface)

Sahuayacan Gold-Silver Project

Next Exploration Stage – 2009:

• Mapping-sampling along La Cumbre-Santa Teresa Trend

• ASTER image analysis to identify additional alteration-mineralization areas along the semi-circular feature passing through La Cumbre and Santa Teresa

• Identify drilling targets on La Cumbre and Santa Teresa

• Identify drilling targets on the Cerro Cacho target which is the northern extension of the Santo Niño mineralized structure

• Commence a 4,000 to 6,000 meters exploration program aimed to define the potential of the project

Encino Gordo Project

Main Features:

• Geology shows porphyries intruding volcanic rocks (dacite and andesite)

• Alteration zones exhibit potassic alteration assemblages grading outward to quartz-sericite and propylitic alteration

• Multiple events of veining including: quarzt+chalcopyrite, quartz+pyrite, quartz+chalcopyrite+pyrite veins

• Coincident copper and gold geochemical anomalies spatially associated to a potassic alteration core

• Geology, mineralization and alteration assemblages suggest the presence of a porphyry-style mineralization system

Encino Gordo Project

Next Exploration Stage (2009):

• Stream sediment sampling covering the entire concessions

• Geological mapping and geochemical sampling on:

Anomaly N (similar environment to Palmarejo)

Elyka Structure (mineralized over 2 km long)

• Geophysical survey

• Identify additional drilling targets and commence drilling

New Targets Generation Program

Generation Program – 2009:

• Aggressive new targets generation program designed to feed pipeline at 2 new drill- or near-to-drill targets per year

• Focus on the Sierra Madre, Mesa Central and Southern Mexico

• 4 projects in the Sierra Madre

• Cash injection from Cieneguita production to advance projects and acquire attractive opportunities/projects

Summary

• Company is well established and organized to do a quality exploration work in Mexico

• Advancing properties through exploration with in-house technical knowledge

• One mine in production Creating value through joint venture with high-quality teams:

JV agreement to put Cieneguita into production by 2Q 2009

Cieneguita production will provide the necessary work capital to advance projects and acquire new attractive opportunities/projects

• Potential for significant new discoveries: Piedra Blanca

• Aggressive targets generation program designed acquire and drill 2 new properties per year

• Currently undervalue relative to peer group