ClaimClaim

Area Area

Has.Has.

BaceracBacerac

48,51048,510

ArechuyvoArechuyvo

36,304 36,304

Cusihuiriachic Cusihuiriachic

11,81411,814

MaguarichicMaguarichic

12,933 12,933

OriboOribo

11,649 11,649

BolívarBolívar

21,552 21,552

BatopilasBatopilas

45,319 45,319

Melchor OcampoMelchor Ocampo

46,79646,796

TOTALTOTAL

234,877234,877

DIA BRAS & EXMIN CLAIMS

Maguarichic, Arechuyvo, Batopilas, Moris, Oribo, Melchor Ocampo regional.

Cusi (Promontorio, San Juan), Melchor Ocampo (Las Coloradas),

Bacerac (San Patricio)

Cusi (Santa Eduviges)

BolívarPilot-mining operations

Development projects

Advanced exploration prospects

Target definition exploration prospects

Early exploration prospects

Bolivar (La Cascada, Reyna de Oro), Cusi (La India, San Nicolas, San Rafael),

Bacerac (Huachineras)

GALLO SUPERIOR

GALLO INFERIOR

MINERALIZATION  Tonnes Au Ag Cu Zn

    gr/Tonne gr/Tonne % %

INDICATED            El Gallo                    1,518,002  0.37  37 1.70 1.40  La Increíble                       396,159  0.01       100 4.50 1.70  Others                       715,385  0.12  12 0.63 6.33  2,629,546 0.25 40 1.83 2.79 INFERRED            El Gallo                    1,986,663          0.30          43       2.05           -     La Increíble                       361,250            -          100      4.50        1.70   Others                       395,810          0.12          15       0.80        6.69  2,743,723 0.23 46 2.19 3.61

TOTAL 5,373,269 0.24 43 2.02 3.21

           Potential North Area, Banda Fault, Americanos.  

BOLÍVAR MILLCapacity                           1,000  Tonnes/Day    

                        350,000  Tonnes/Year    Op. Time 15 years      

           

The Company has not completed a feasibility study and accordingly there is no assurance that the stated objectives will be met, nor that the operations will be profitable

* Non-GAAP Measure. Cash operating cost is calculated using tonnes processed 

  2008   2009   2010   2011

  Real   Real   Forecast   Forecast

Tonnes processed 126,489   89,577   114,828   280,000

Daily throughput 361   256   328   800

Copper grade 1.65%   1.81%   1.66%   1.80%

Zinc grade 8.00%   10.06%   10.43%   4.00%

Copper recovery 83.40%   86.31%   87%   87%

Zinc recovery 87.15%   87.64%   89%   89%Copper concentrate production DMT 6,454   5,069   5,371   14,307

Zinc concentrate production DMT 15,355   13,696   16,477   15,430Total production of copper (pounds) 3,854,688   3,080,400   3,252,345   8,673,912

Total production of zinc (pounds) 19,077,613   17,407,600   21,130,557   19,730,026

Operating cash costs/DMT* $115.51   $91.10   $84.74   $51.00Average price of copper per pound, $US $3.15   $2.33   $2.67   $2.50

Average price of zinc per pound, $US $0.85   $0.75   $0.86   $0.80

MINERALIZATIONVein Tonnes Au Ag Cu Pb Zn

    gr/Tonne gr/Tonne % % % INDICATED              San Antonio                         37,253      0.06         351      0.06      0.28      0.18   San Antonio A                           9,253          -           344          -        2.96      0.32   San Bartolo                           6,673      0.02         224      0.12      0.37      0.74   Santa Marina Alto                         27,521      0.08         296      0.08      0.33      0.30   Santa Marina                          11,909      0.08         210      0.07      0.34      0.18   Promontorio                         24,771      0.01         483      0.08      0.17      0.14   V. Del Contacto                         10,208          -           504          -        0.44      0.34   El Gallo                         26,848      0.04         320      0.01      0.07      0.10   El Gallo Back                         12,346      0.12         308      0.02      0.19      0.13   166,782 0.05 347 0.05 0.40 0.22 INFERRED              San Antonio                         12,320      0.15         452      0.15      0.28      0.18   San Bartolo                           7,206      0.08         176      0.07      0.39      0.59   Santa Marina Alto                         11,809      0.08         401      0.08      0.51      0.52   Santa Marina                          66,094      0.37         273      0.08      0.63      0.49   V. del Contacto                           6,105          -           535          -        0.41      0.42   103,535 0.27 317 0.08 0.55 0.46

TOTAL 270,318 0.13 336 0.06 0.45 0.31

             POTENTIAL

Zone Tons Ag            gr/Ton          San Juan                          50,000       300           Promontorio                        500,000       350           Santa Eduwiges                        150,000       350           La Gloria                        200,000       300           Los Tajos                        200,000       300           La India                        500,000       350                      

MALPASO MILL

Capacity      200 Tonnes/Day       70,000 Tonnes/Year      

Op. Time           4 years                     

The Company has not completed a feasibility study and accordingly there is no assurance that the stated objectives will be met, nor that the operations will be profitable

* Non-GAAP Measure. Cash operating cost is calculated using tonnes processed 

  2008R   2009R   2010E   2011E

  April-Dec   June-Dec        

Tonnes processed 11,378   6,232   34,120   70,000

Daily throughput 43   36   97   200

Lead grade 3.01%   0.90%   0.55%   0.70%

Silver g/t 2,022   283   359   365

Silver recovery 62.04%   64.26%   85%   85%Lead concentrate production DMT 304   139   1,163   2,097

Silver production (ounces) 68,967   36,489   327,361   686,190

       

Operating cash costs/DMT* $178.41   $157.14   $52.90   $52.90

Average price of lead per pound, $US $0.83   $0.96   $0.82   $0.80

Average price of silver per onze, $US $14.13   $16.34   $15.27   $15.00

Currently processing material from Bolivar at average rate

of 270 tpd

Currently processing material from Cusi at average rate of

1,500 – 2,600 tonnes per month

Cyanide vat leach circuit/Merrill Crowe for recovery of

precious metals

80-85% silver recovery by combined flotation and

cyanidation methods

Dia Bras obtained recoveries of 87.5% Copper and 89%

Zinc in 2009

Aerial view of the mill Flotation plant Cyanidation plant

Pending.

LA CASCADA – EL SAUZAL TRENDLA CASCADA – EL SAUZAL TREND

Dia Bras – Operating Performance

    2007 2008   2009   2010E   2011E

    CA$ CA$   CA$   CA$   CA$

Sales   24,056,537 21,306,788  17,037,002  24,078,513  40,210,017

Sales expenses and mineral transportation   9,160,863 7,092,672  4,882,707  6,608,731  4,302,085

Operating expenses Bolivar   9,011,119 8,745,062  5,327,976  5,988,562  13,480,208

Operating expenses Cusi   4,956,348 2,463,196  _    1,799,784  3,692,405

Administration expenses and others   5,613,356 5,068,334  3,766,674  2,547,424  2,093,200

Total cost   28,741,686 23,369,264  13,977,357  16,944,500  23,567,898

Cash flow from operating activities   - 4,685,149 -2,062,476  3,059,645  7,134,012  16,642,119

Exploration Bolivar & Cusi, Regional (incl. EXMIN)     -5,183,496  -1,552,582  -5,073,643  -6,279,600

Property payments DBM & EXMIN   -1,408,958 -851,791  -1,590,553  -2,014,705  -1,874,461

Development Bolivar, Cusi, Other   -12,518,506 -995,385  -1,260,497  -3,834,337  _

MRI settlements and debts   1,319,695 -1,987,358  -2,284,649  -2,557,890  -104,660

Use of proceeds   -12,607,769 -9,018,210  -6,688,281  -13,480,575  -8,258,721

Bolivar Mill   _ _  -153,630  -8,887,832  -3,139,800

Cyanidation plant   _ _  -492,300  _   _

Equity Completed   1,488,813 2,044,000  12,418,005  20,362,494  _

Warrants to be exercised   _ _   _   6,612,500  10,022,146

Debt   _ 2,012,000  _   2,616,500  _

Net Cash flow   - 15,804,105 -7,024,686  8,143,439  14,357,099  15,265,744Cash flow from operating activities excludes changes in non-cash working capital itemsPrice assumptions: 2010 (US$: Zn $0.86/lb, Cu 2.67/lb, Ag 15.00/oz), 2011 (US$: Zn $0.80/lb, Cu $2.50, Ag 15.00/oz)