MINES CONDOR DORADO LTD - MINING SOLUTIONS

Condor entered into an agreement in January 2008 with a private Peruvian company to acquire a 65% interest in the Condor de Oro gold and copper prospect in northern Peru. This agreement was amended in February 2009, and the Company can now purchase an 85% interest in the project, with the vendor's 15% interest a carried and non-contributing interest. The Company will fund all of the Vendor's cost to commencement of commercial production, such costs to be repaid with interest from the Vendor's share of the production revenues. On the completion and publication of a feasibility study on the project, the vendor will receive 1 million shares of the Company.