SGS Geostat International completed a National Instrument 43-101 standards of disclosure for mineral project compliant resource evaluation effective September 25, 2008. Total undiluted resources from the Bolivar project have increased 26% to a total of 1,188,800 tonnes at 1.26% Cu, 2.35% Zn, 0.28 g/t Au and 30.7 g/t Ag in the Measured and Indicated categories and 55% to 6,290,100 tonnes at 1.18% Cu, 0.99% Zn, 0.30 g/t Au and 26.4g/t Ag in the Inferred Resources category, all at a 2.5% CuEq cut-off for the Upper Skarn and 1% CuEq cut-off for the Lower Skarn and other zones compared with the previous resources of March 2008.

Bolivar Resources
The following text is based on a report dated April 17, 2008, and updated on February 6, 2009, prepared by Yann Camus (the "Bolivar Report") A copy of the Bolivar Report is available on SEDAR at www.sedar.com.


Resources of the Bolivar Project (*)
Calculated by Yann Camus, Eng., SGS Geostat Ltd.
Resources situation on the 2008-09-25
Prices used for calculation are Cu: 2.00 $/lb, Zn: 1.00 $/lb, Au: 500 $/oz, Ag: 10 $/oz

Table 1
TOTAL Measured resources of the Bolivar Project

Cutoff on the %Cueq Classification Tonnes SG (t/m3) % Cu % Zn Au (g/t)  Ag (g/t)  % Fe 1.00 Measured 331,100 3.32 1.16 2.09 0.29 28.3 11.4 Metal weight       8,470,000 lbs 15,230,000 lbs 3,130 oz 300,000 oz   1.25 Measured 265,900 3.33 1.27 2.49 0.30 31.3 11.7 Metal weight       7,450,000 lbs 14,580,000 lbs 2,590 oz 270,000 oz   1.50 Measured 199,400 3.35 1.37 3.21 0.32 34.4 10.9 Metal weight       6,020,000 lbs 14,090,000 lbs 2,040 oz 220,000 oz   Table 2 TOTAL Indicated resources of the Bolivar Cutoff on the %Cueq Classification Tonnes SG (t/m3) % Cu % Zn Au (g/t)  Ag (g/t)  % Fe 1.00 Indicated 857,700 3.33 1.30 2.45 0.27 31.6 11.0 Metal weight       24,540,000 lbs 46,360,000 lbs 7,490 oz 870,000 oz   1.25 Indicated 673,200 3.35 1.44 3.04 0.29 35.7 11.3 Metal weight       21,340,000 lbs 45,060,000 lbs 6,350 oz 770,000 oz   1.50 Indicated 539,000 3.37 1.56 3.69 0.32 39.3 11.0 Metal weight       18,510,000 lbs 43,890,000 lbs 5,490 oz  680,000 oz   Table 3 TOTAL Measured+Indicated resources of the Bolivar
Cutoff on the %Cueq Classification Tonnes SG (t/m3) % Cu % Zn Au (g/t)  Ag (g/t)  % Fe 1.00 Measured + Indicated 1,188,800 3.33 1.26 2.35 0.28 30.7 11.1 Metal weight       33,010,000 lbs 61,590,000 lbs 10,620 oz 1,170,000 oz   1.25 Measured + Indicated 939,100 3.34 1.39 2.88 0.30 34.5 11.4 Metal weight       28,790,000 lbs 59,640,000 lbs 8,950 oz 1,040,000 oz   1.50 Measured + Indicated 738,400 3.36 1.51 3.56 0.32 38.0 11.0 Metal weight       24,530,000 lbs 57,990,000 lbs 7,520 oz 900,000 oz   Table 4 TOTAL Inferred resources of the Bolivar Project
Cutoff on  the %Cueq	Classification	Tonnes	SG (t/m3)	% Cu	% Zn	Au (g/t)	Ag (g/t)	% Fe
1.00	Inferred	6,290,100	3.28	1.18	0.99	0.30	26.4	15.1
Metal weight				163,080,000 lbs	137,090,000 lbs	61,220 oz	5,340,000 oz
1.25	Inferred	4,506,000	3.29	1.34	1.22	0.33	30.9	15.3
Metal weight				133,470,000 lbs	121,650,000 lbs	48,140 oz	4,470,000 oz
1.50	Inferred	3,337,600	3.30	1.48	1.52	0.35	35.0	15.2
Metal weight				108,760,000 lbs	112,010,000 lbs	37,590 oz	3,750,000 oz

Notes:

1. CIM Definitions were followed for the resource estimate.
2. A minimum width of 2 m was used for a mineralized zone.
3. Densities of mineralized rock are indicated in the tables.

Readers are cautioned that Inferred resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, as part of a preliminary assessment, and for the economic part of this preliminary assessment, inferred resources can be included. Some mining dilution has been added. Mineral resources that are not mineral reserves have not demonstrated economic viability.