Properties: Mina Santa Rosa

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The Santa Rosa Mine was opened for commercial production by Greenstone Resources Ltd. in 1996 and operated through 1998. The Santa Rosa gold deposit is located near the village of Caazas in Veraguas Province, Panama, approximately 300 kilometres southwest of Panama City Access to the site is via paved road from the paved Pan American Highway. These roads are suitable for the transportation of major project components. The Santa Rosa project (the "Santa Rosa Mine") has two components: the Santa Rosa deposit and the Alto de la Mina ("ADLM") deposit. Project feasibility was completed in October 1993 for gold production by open pit mining methods. Construction of the project occurred during 1994 and 1995. Commercial production at Santa Rosa was achieved in the second quarter of 1996.