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Rio Alto Intersects 78 Meters of 1.34 Grams Per Tonne Gold at La Colorada

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The 30 RC drill holes were over the La Colorada West Zone as illustrated in the Maps 2 and 4. The drill hole assay results are set out in Table 3.

The most significant drill holes were CO-R12-001, CO-R12-002, CO-R12-003, CO-R12-005 and CO-012-018. These holes had continuous gold intercepts of 30m to 120m with grades ranging from 0.1gpt gold to 10.3gpt gold and including several meters with more than 3.0 gpt gold. Generally, the other holes intercepted low-grade gold mineralization (Map 4).

     ------------------------------------------------------------------     HOLE                FROM          TO       INTERVAL       Au (g/t)     ------------------------------------------------------------------     CO-R12-001             0          82             82           0.46     ------------------------------------------------------------------                            0          12             12           1.26     ------------------------------------------------------------------                           60          70             10           0.94     ------------------------------------------------------------------     CO-R12-002            14          92             78           1.34     ------------------------------------------------------------------                           32          40              8           2.57     ------------------------------------------------------------------                           52          62             10           2.23     ------------------------------------------------------------------                          114         120              6           0.56     ------------------------------------------------------------------     CO-R12-003             0          30             30           0.94     ------------------------------------------------------------------                            6          14              8           2.97     ------------------------------------------------------------------     CO-R12-004             6          20             14            0.2     ------------------------------------------------------------------                           30          74             44           0.37     ------------------------------------------------------------------     CO-R12-005             6          20             14           0.44     ------------------------------------------------------------------                           36         116             80           0.29     ------------------------------------------------------------------                          210         240             30           0.17     ------------------------------------------------------------------     CO-R12-006             6          20             14           0.34     ------------------------------------------------------------------     CO-R12-007            58          86             28           0.21     ------------------------------------------------------------------     CO-R12-008            68          76              8           0.15     ------------------------------------------------------------------                          224         232              8           0.14     ------------------------------------------------------------------     CO-R12-009           108         118             10           0.14     ------------------------------------------------------------------     CO-R12-010             0          32             32           0.29     ------------------------------------------------------------------                           48          68             20           0.19     ------------------------------------------------------------------                          208         218             10           0.15     ------------------------------------------------------------------     CO-R12-011             0          14             14           0.17     ------------------------------------------------------------------                           20          32             12           0.11     ------------------------------------------------------------------                           50          62             12            0.3     ------------------------------------------------------------------     CO-R12-012           196         202              6           0.26     ------------------------------------------------------------------     CO-R12-013           202         216             14           0.12     ------------------------------------------------------------------     CO-R12-014              No significant Au mineralization     ------------------------------------------------------------------     CO-R12-015            22          32             10           0.22     ------------------------------------------------------------------     CO-R12-016              No significant Au mineralization     ------------------------------------------------------------------     CO-R12-017           188         204             16           0.21     ------------------------------------------------------------------     CO-R12-018             2          86             84           1.16     ------------------------------------------------------------------                            6          12              6          10.30     ------------------------------------------------------------------                          172         186             14           0.15     ------------------------------------------------------------------     CO-R12-019             0          22             22           0.37     ------------------------------------------------------------------                           32          52             20           0.12     ------------------------------------------------------------------                           58          64              6            0.3     ------------------------------------------------------------------     CO-R12-019            98         102              4           0.44     ------------------------------------------------------------------                          108         118             10           0.22     ------------------------------------------------------------------     CO-R12-020              No significant Au mineralization     ------------------------------------------------------------------     CO-R12-021              No significant Au mineralization     ------------------------------------------------------------------     CO-R12-022              No significant Au mineralization     ------------------------------------------------------------------     CO-R12-023              No significant Au mineralization     ------------------------------------------------------------------     CO-R12-024              No significant Au mineralization     ------------------------------------------------------------------     CO-R12-025              No significant Au mineralization     ------------------------------------------------------------------     CO-R12-026              No significant Au mineralization     ------------------------------------------------------------------     CO-R12-027              No significant Au mineralization     ------------------------------------------------------------------     CO-R12-028              No significant Au mineralization     ------------------------------------------------------------------     CO-R12-029              No significant Au mineralization     ------------------------------------------------------------------     CO-R12-030              No significant Au mineralization     ------------------------------------------------------------------                                   Table 3

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