- Roughly 5,500 meters of drilling from January 2012 to the end of April 2012.

- Aproximately $2 million spent in that same time period, $1 million to go.

Once the last $1 million has been spent CCY needs to find $6 million (has this been paid for already as per CCY presentation?) from somewhere to obtain a 60% interest in La Verde. Where is that money coming from? Once the 60% interest is earned - what next? Has this been priced into CCY already?

As of April 30, 2012:

"Catalyst has to date completed 33,890 meters of drilling on the La Verde property, 152 kilometres of IP and has now spent approximately $9,000,000."

As of January 2012:

http://www.catalystcopper.com/sites/default/files/corporate_presentations/CATALYST%20COPPER%20CORP.%20Fact%20Sheet%202012.pdf

"Required exploration work under the agreement includes 30,000 meters of core drilling and 200 line kilometres of geophysical surveys ("Induced Polarization" or "I.P."). To date approximately US$7 - 7.4 million (subject to fianl confirmation with Teck) has been spent which has included 154 line km of I.P. and 28,193 meters of drilling."