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The Los Calatos project has the potential to be a world-class copper mine, which, against a global backdrop of diminishing long life copper projects in mining friendly jurisdictions, should command significant strategic interest. The completion of the transaction with the CD Capital Resource III Fund, and the funds raised, will assist in advancing the project closer to production. Further, with the acquisition of the Miraflores gold project in Colombia, the Company is poised to complete a Feasibility Study on the project in mid-2017 with a planned gold production rate of 50,000 ounces per annum.

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