CHIMBUZA

Ecuador’s Constitutional Assembly passed a Constituent Mandate resolution pertaining to mining which effectively creates a force majeure therefore Oromonte has taken action to mitigate the risks to the Company by reducing its holdings in Ecuador to its most promising properties and anomalous areas, funding its operations on an asneeded basis, and cutting staff and exploration expenditures until there is a more stable mining environment. Given the force majeure created by the Mining Mandate, the Company has instructed its legal counsel to notify the seller of its Chimbuza Property that no further payments will be made for the property at least until the current mining moratorium is concluded.

Work was halted until the environmental report has been reviewed and approved by government.

Announced new results from the project. These included 7.0 m of 1.42 g/t Au hosted by a brecciated, altered and mineralized volcanic lithology from the Tunnel Showing. Also 3.0 m of 1.08 g/t Au, 30.5 g/t Ag and 0.2% Cu, 7 m with 0.39 g/t Au, 15.6 g/t Ag and 0.16% Cu and 3 m with 0.86 g/t Au and 6.8 g/t Ag were obtained from the Vivanco Showing.