The mineral resources outlined and tabulated below provide longer term development potential.

Reforma, Naranjo, El Rey, and El Largo Deposits Mineral Resources as of September 2005
Category	Cut-off GMV US$/t1	Tonnes (000's)	Au (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)
Indicated	90	11,209	2.67	166	0.67	1.44	4.66
Inferred	90	1,510	1.98	119	0.88	0.79	3.65
Qingping Deng, CPG, of Behre Dolbear & Company (USA) Inc., is the independent qualified person responsible for the resource estimates. 1Gross Metal Value per tonne (GMV/t) is the sum of the metal grade multiplied by the following metal prices: US$0.51/lb for Zn; US$1.00/lb for Cu; US$0.25/lb for Pb; US$375/oz for Au and US$5.50/oz for Ag.