HispanicBusiness

About Atala Resources

Atala's main asset is an option agreement (the "Option Agreement") with Renaissance Gold Inc. ("RenGold") to earn 70% ownership of the Meridiano and Covadonga properties, early stage gold exploration projects located about 20 km apart in north-central Santa Cruz Province, Argentina, near the centre of the Deseado Massif, an important new precious metals province. The projects consist of four properties together totalling approximately 14,780 hectares and have good access and proximity to infrastructure, including AngloGold Ashanti's major Cerro Vanguardia Mine, the region's flagship and largest gold-silver operation. As at August 31, 2012 (as per unaudited annual financial statements), Atala had $23,914 in cash and cash equivalents, $142,693 in mineral properties and deferred exploration expenses, $31,685 in current liabilities and no long-term liabilities. It's share capital is comprised of an unlimited amount of common shares of which a total of 12,891,667 shares are presently issued and outstanding.

At the request of Atala and Brionor, a technical report (the "Report") has been prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") on both the Meridiano and Covadonga properties. Both Meridiano and Covadonga are exploration-stage properties and neither property contains a Mineral Resource or Reserve as defined NI 43-101. The Report was prepared by Mel Klohn, P. Geo. (Spokane, Washington), an independent qualified person under NI 43-101 and has been submitted to the TSX Venture Exchange (the "Exchange") for review. The Report will be filed by Brionor on SEDAR (www.sedar.com) concurrently with the completion of the Acquisition.

Option Agreement

Pursuant to the Option Agreement, Atala can earn 70% ownership of the Meridiano and Covadonga properties by making minimum staged annual expenditures totalling Cdn$4.8 million per property over a 6-year period ($100,000 in year 1, $200,000 in year 2, $500,000 in year 3, $1 million in year 4 and 5 and $2 million in year 6), making staged annual payments totalling US$400,000 to RenGold over the same 6-year period (of which an amount of $25,000 has already been paid to RenGold, and an amount of US$50,000 is payable in year 1, an amount of US$75,000 in year 2 and an amount of US$250,000 in year 6), making staged annual payments totalling US$500,000 over a 4-year period for an underlying agreement to complete outright purchase of the properties with the underlying claim owner (of which an amount of $40,000 has already been paid, and an amount of US$80,000 is payable by December 1, 2013, an amount of US$100,000 by December 1, 2014 and an amount of US$280,000 by January 12, 2016), and by solely funding additional expenditures totalling Cdn$10 million and the delivery of bankable feasibility study within 7 years (with provisions available for a 5-year extension provided than an additional amount of Cdn$100,000 is paid to RenGold and an additional $1 million in expenditures are incurred for each year the option is extended). The current claim owner will aslo retain a 2% net smelter return royalty which may be purchase at any time for US$800,000.

Upon having completed the option, the parties will form a joint venture which will be governed by the terms of a joint venture agreement. In the context of the Acquisition, the Company confirms that it is dealing at arm's length with RenGold and the underlying claim owner.