Batopilas

[Overview]

The La Verde concessions cover part of a regional scale structural zone that extends several kilometres northnorthwest from the historic Tres Hermanos mine.The area is known for producing high grade gold and copper ore from several mines along the southern part of the structural zone.

On September 24, 2009, EXMIN agreed to sell a small part of the Batopilas land package and a part of its Moris project to Caza Gold, a private company spun off from Canarc Resource Corp., for a payment of 400,000 shares of Caza, and EXMIN retained a 1.0% NSR on the Moris project, capped at US$1,000,000. The concessions and areas listed above are net of these sales