Properties

• Chorrillos Silver Project consists of 2 separate optioned properties (Gonalbert and Felicidad) and three large staked properties (CSB-1, CSB-2, CSB-13) located in southern Bolivia approximately 15 km and 20 km south of Eloro Resources Iska Iska silver-polymetallic discovery
• Cartier Silver’s 98%-own Bolivian Subsidiary, Mineral Cartier Bolivia S.R.L. has the right to acquire a 100% interest in the two optioned properties in the Chorrillos Silver Project by making staged payments totalling US$4.5 million to the vendors and title holders over 5 years
• Neither of the optioned properties have ever been drilled

Property Geology

• The Chorrillos Project area is predominantly underlain by Ordovician basement sediments that have been intruded by a Tertiary-age volcanic complex of dacites, rhyodacites, tuffs and epiclastic sediments
• Alteration and mineralization are widespread at both properties characteristic of intermediate to high sulphidation epithermal systems
• Mineralization occurs in veins, stockworks and as disseminations in all rock types with extensive argillic and silicic alteration
• The epithermal systems are high-level reflected in the predominance of silver in galena veins
• However, tin mineralization has been reported in the valley suggesting that the overall epithermal system may be zoned

Gonalbert Mining Area

• Consists of 10 grids covering 2.5 km² located 20 km southeast of Iska Iska
• Small artisanal mine recovering high grade silver from a galena vein. Production reported to be 20 tpd at ~200 g Ag/t
• Property is underlain by Miocene-age dacitic domes and dikes which have intruded basement Ordovician sediments
• Widespread alteration and sulphide mineralization
• Mineralization likely part of an extensive intermediate to high-sulphidation epithermal system

Felicidad Mining Area

• Consists of 4 grids covering 1 km² located 5 km northwest of the Gonalbert mining area
• Main structural feature on property is a conical hill, highly leached and oxidized
• The conical hill is known by the locals as as “Pequeño Cerro Rico” or Small Rich Hill
• Past artisanal mining excavated silver-rich galena veins and vein breccias.  Reported grades ~230 g Ag/t
• Geologically is similar to Gonalbert mining area with a prominent oxidized cap