Table 5: La Preciosa Mineral Resources, Effective Date of June 26, 2013
Mineral Resources   Short Tons   Average Grades (oz/t)   Contained Ounces (000)
(000) Ag   Au Ag   Au
Measured 12,664 2.78 0.005 35,194 68.3
Indicated 44,576 2.49 0.005 110,979 209.3
Total Measured and Indicated 57,240 2.55

146,173 277.7
Inferred 19,504 1.93 0.003 37,726 60.3

Footnotes to the Mineral Resources:

1. Metal prices used for estimation of Mineral Resources were $27.45 per troy ounce of silver and $1,508 per troy ounce of gold.

2. There are no Mineral Reserves presently at La Preciosa.

3. A Net Smelter Return (NSR) cutoff of $20.43/tonne ($18.54/short ton) was used, based on the following parameters:
        NSR =  

[(Ag price per ounce -refining charge) x plant recovery x payable recovery] +
[(Au price per ounce -refining charge) x plant recovery x payable recovery]

4. Rounding of short tons, grades and troy ounces, as required by reporting guidelines, may result in apparent differences between tons, grades and contained metal contents.

5. The NI 43-101-compliant Technical Report, disclosing the results of the PEA, will be filed on later this month.

6. Inferred Mineral Resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be considered for estimation of Mineral Reserves.

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