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Friday, 04/11/2014 4:46:59 PM

Friday, April 11, 2014 4:46:59 PM

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Company History

2013
• Preliminary Economic Assessment filed on SEDAR for Boa Fé and Montemor Projects
• Signs MOU with Star Mining on newly awarded Borba License
• Announces the execution of a binding letter of intent to purchase the Passa Frio property
• Updated Resource Estimate for the Chaminé and Casas Novas gold deposits and Initial Resource Estimate for the Banhos, Bracos and Ligeiro gold deposits within the Company’s 100% owned Boa Fé EML
• Initial Resource Estimate for the Monfurado gold deposit within the Company’s 100% owned Montemor exploration license
• Awarded 2 Experimental Mining Licenses: Tabuaço EML & Santo António EML
• Awarded 2 additional Exploration Concessions: Borba EC & Cercal EC
• Receives positive metallurgical results from testwork performed on representative samples taken from the Tabuaço Tungsten Project
• Announces closing of $2.7 million on second tranche of private placement

2012
• Richard Quesnel is elected to the Board of Directors
• Updated NI 43-101 Resource Estimate for Colt’s 100% Tabuaço Tungsten Project
• Signs JV Agreement with Contécnica – Consultoria Técnica for its Penedono Gold Project
• Initial NI 43-101 Resource Estimate for the Chaminé and Casas Novas deposits within its 100% Boa Fé Gold Project
• Donald Ziraldo leaves the Board of Directors and becomes Managing Director of QSPA
• J. Wayne Murton, a professional geologist, is elected to the Board of Directors
• Completion of 2012 AGM, where shareholders re-elected Messrs. Jean Depatie, James Ladner, Donald J.P. Ziraldo, Nikolas Perrault, Aurelio Useche, David A. Johnson, and Declan Costelloe as Directors of the Board
• Announces closing of $8.7 million financings
• Announce that 13.4 million share purchase warrants exercised into an equivalent number of common shares of the Company for total proceeds of approximately $6 million
• Continues to strengthen its operations team

2011
• Submits the Initial NI 43-101 Resource Estimate for its 100% Tabuaço Tungsten Project
• Earns 100% of the Mining License for the Boa Fé Shear Zone Gold Project
• Experimental Mining License approved for Boa Fé Gold Project
• Completes Acquisition of Key Surface Rights for its Tabuaço Tungsten Project
• Announces $16.6 million bought deal public offering
• Announces NI 43-101 Technical Report on exploration of the Montemor Gold Project
• Appoints Jean Depatie as Non-Executive Chairman of the Board of Directors
• Appoints Declan Costelloe as Executive Vice President and Chief Operating Officer
• Receives NI 43-101 Technical Report on Santa Margarida do Sado Concession
• Listed on the TSX Venture Exchange under stock symbol GTP
• Contracted SRK Consulting to design and implement a comprehensive work program to advance gold and tungsten properties

2010
• Announces Definition Drilling Program on the Tabuaço Tungsten Project
• Announces Trenching and Drilling Program on the Turgueira Gold Prospect, Penedono Concession
• Announces closing of Private Placement
• Becomes 51% owner and operator of the Montemor Gold Project
• Appoints Declan Costelloe to the Board of Directors
• Re-appoints Board of Directors at AGM
• Announces closing of private placements of $3.5 million
• Announces Metallurgical Program for the Tabuaço Tungsten Project
• Listed on the OTCQX
• Signs Agreement on Advanced Stage Montemor Gold Project
• Appoints Donald J.P. Ziraldo to the Board of Directors
• Appoints James Ladner to the Board of Directors
• Completes closing of a Non-Brokered Private Placement financing announced

2009
• Acquires 100% of Santa Margarida do Sado concession located on the Iberian Pyrite Belt
• Focused drilling on Penedono Gold concession
• Initial drilling on Armamar-Meda tungsten concession
• Listed on the Frankfurt Exchange under symbol P01

2008
• Establishes a new management team
• Strengthens technical team
• Head office moved from Vancouver to Montreal
• Production of NI 43-101 Technical Reports for Portugal properties
• Acquires 4 regional properties in Gaspésie, Quebec
• Engages in surface exploration and conclusive diamond drilling program at the Penedono gold property
• Engaged in surface exploration at Armamar-Meda tungsten property

2007
• Commenced trading on the Canadian National Stock Exchange
• Acquires Penedono gold concession in Portugal
• Acquires Armamar-Meda tungsten concession in Portugal
• Acquires 67% of the Extra High gold concession property in B.C., Canada