"The Company has been focused on the exploration of its mineral properties in Mexico since March 31, 2004. Recently, difficult market conditions for venture companies and the decline in silver prices have prevented access to new capital for further development of our properties and the Board of Directors of the Company have concluded that it was unsustainable to maintain our interests in Mexico. Accordingly, as recommended by the Board of Directors the Company has sold its Mexican subsidiaries to Cane Resources, a Mexican corporation

Effective July 29, 2014, the Company completed a share consolidation in which 1 post consolidation common share replaced ten pre-consolidation common shares. As such, all current and comparative share capital amounts have been restated to account for the 10 to 1 common share consolidation unless otherwise noted.

Subsequent to disposal of its Mexico properties, management is planning to focus on resource projects within Canada. The company plans to pursue in partnership, subsurface rights for mineral, oil, coal and other commodities in partnership with Aboriginal shareholders and landowners. Financing will be required for the future acquisition and development of any new projects."