Guerrero recently completed a 5,387.8m drill program that targeted three priority areas of the property. Drilling highlights included: 26.98 metres (m) grading 1.07 g/t gold and 0.29 g/t silver, including a zone of 6.85m grading 2.78 g/t gold and 0.92 g/t silver; 1.68m grading 0.83 g/t gold and 3.10 g/t silver (see Guerrero's news release dated January 26, 2015). Work completed to date over the property includes geological mapping and prospecting, 298 rock samples, 187 stream sediment samples and 390 soil samples. In addition, a VTEM airborne magnetic and electromagnetic survey of 1,403 line kilometres was completed in September 2012. A follow-up airborne gradiometer magnetic survey of 2,052 line kilometers was completed in January 2015.

The Biricu Project is under option to Guerrero from Alamos Gold pursuant to an option agreement December 22, 2011, which gives Guerrero the right to earn a 100% interest in the Biricu Project by making cash and share payments (previously completed by Guerrero) and incurring exploration expenditures of CDN$4,000,000 by December 22, 2015 ($3,153,831 completed by Guerrero to date). In addition, the option agreement provides for Alamos to be granted a 2% NSR royalty and, if a bankable feasibility study is prepared for the Biricu Project, to receive a payment equal to CDN$10.00 per ounce of gold resources defined in such study.

Steve Maynard, the Vice President Exploration of Minaurum and a Qualified Person as defined by National Instrument 43-101, has reviewed and approved, but has not verified, the technical data in this release due to the technical data having been prepared by Guerrero.