SPAIN 2013

Mineral Exploración Network

Why SpainWhy Spain??• Prospective geological situationProspective geological situation

• Landscape conditions allow quick prospectingLandscape conditions allow quick prospecting

• Excellent infrastructureExcellent infrastructure

• Possibility to work during winter and use MEN Possibility to work during winter and use MEN Finland human and technical resources all year Finland human and technical resources all year aroundaround

Project Extremadura Area of interest is located on the intersection of NW striking

regional thrust zone and corridor of faults of SW orientation.

• Pro Mining Government• Quick and transparent licence application process• Easy available geological information

Project Extremadura

Long mining history starting from prehistoric time till the middle of 20th centaury

Augustobriga - Talavera la Vieja

Project Extremadura

Augustobriga - Talavera la Vieja

Project Extremadura

Project licenses

1

2

3

4

5

1 – Trojillo – Logrosan, prospecting license, 945 sq. km.

2 – Maria – exploration license, 78 sq. km.

3 – Antonio – exploration license, 85 sq. km.

License Applications:

4 – Berzocana – exploration license, 84 sq. km.

5 – St. Cristobal – exploration license, 63,7 sq. km.

Total: 1.255,7 sq.km.

Project area is located in inner zone of multistage volcanogenic ring complex active from pre Cambrian till Tertiary period

Radiometric survey -Potassium Magnetic survey vertical component

Project Extremadura

Project Extremadura

Exploration model

Historical mines:

• "El Aguijón. Operational 1850-1950. Zn, Pb, Ag, Au

• "La Favorita": Cu, Py, P • "El Aguijoncillo": Mining stopped in

1904. Sb, Cu, Au.• "El Piojo": Mining stopped in 1876.

Zn, Pb.• "El Serranillo": Mining stopped in

1970. As, Sn, Mo. • “La Costanaza”: Operational in

1907-1946. Phosphorous. 6

Project Extremadura

By 30th of November following work was done:

• Stream sediments sampling - 3014 samples• Soil sampling - 17053 samples• Magnetic survey - 680 line km• Pan concentrates - 69 samples

MEN Finland had started full scale prospecting in September 2013

Project Extremadura

Project Extremadura

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Results of soil sampling and ground magnetic survey,Logrosan area.

Detai

led a

rea

Project Extremadura

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Project Extremadura

Project Extremadura

Our plans

Minimum Maximum

• Finalize stream sediment sampling on existing licenses

• Carry out magnetic survey and soil sampling on selected targets

• Limited trenching

Minimum +

• Expand ground holding• Intensive trenching• Verification drilling• Resource drilling

Spring 2014 2014 - 1 M Euro – 25% of the project

2015 - 2 M Euro – 25% of the project

By own financial resources With JV partner investment