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mjkiii

10/30/12 5:09 PM

#18103 RE: Implanting #18102

First N.I.43-101 actually from Petaquilla concession.

Did you notice that this Pamilla deposit is on the Belencillo concession that Inmet tried to take away from us. You can bet that they knew about the gold, silver, and copper there. The October 22, 2012 DRM non-appeal-able ruling confirmed our rights. This is the first N.I. 43-101 actually on a deposit that we own from our concessions, and not one of Inmet's where all our other reserves and actually our processing Molejon Plant is located.

Remember all the controversy two years ago when people kept saying we did not own the gold on Inmet's property? All the time Molejon itself and all of our reserves were right in the middle of Inmet's concession. Anyone who actually had ever gone to the mine knew that you had to pass over Minera-Panama placard bridges and through MPSA armed guarded check points. "Never confuse the board experts with the facts" was the big joke around the break room in Penonome for months!! Every ounce of gold and silver we have processed since the beginning has been from Inmet's concession!! Lata is another that is coming up pretty soon!! High grade ore and nice deposit...thank you MPSA for the exploration, we will take it now...

Then there was the CMR controversy....we did not own LP, they did. After all their BOD said so and even sold some bonds for development cap/ex. Wonder how that is going??? Never mind that everyone in Spain from the King to Christopher Columbus said it was our property. The clueless knew better.

Be advised, that unless it is someone on the ground and involved the information you get is generally clueless. Not talking about analysis of the facts, but the facts themselves. Even in Panama there is a lot of disinformation purposely disseminated by bias press. You have to know the players and be able to read the cards to play the game.

Hearing is over, but neither side seems to be talking??? Had hoped we would hear something after the market closed. Any day you can release data on 500,000oz. of AuEq. is a good day. Even if we lose one-half moving up to P&P that is still a lot of money!!