Swingplane Ventures Inc. (fka SWVI)

[Forthefourkids]

On May 13, 2013, a default notice was issued to Swingplane from the Optionors. The Company has been in touch with the Optionors and a trip to Chile by representatives of the Company and Mid Americas has been set for May 23, 2013 in order to work out a go forward plan for the project. If the Optionors and the Company cannot reach an agreement by June13, 2013, then Mid Americas will have lost all rights and interest in and to the Property.

As of the date of this filing, the Company has had communications with potential joint venture partners who have expressed a serious interest in funding the further exploration and development of the Algarobbo property. No formal agreements can be entered into without the approval of the Optionors and a renegotiation of the current terms of the existing Option Agreement. All agreements will require a property visit by the interested parties. The Company also expects to meet with AMEC when in Chile to review a draft of their report and hopes to have a finalized report by May 31, 2013.