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EL RAYOA Unique Primary Silver Depositin J alisco, Mexico

by: Steven T. Priesmeyer, Simon Meldrum, ManuelAragn Arreola and Patrick Toth

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This presentation contains projections and forward looking information that involve various risks

and uncertainties regarding future events. Such forward-looking information can include without

limitation statements based on current expectations involving a number of risks and

uncertainties and are not guarantees of future performance of the Corporation. These risks and

uncertainties could cause actual results and the Corporations plans and objectives to differ

materially from those expressed in the forward looking information. Actual results and future

events could differ materially from anticipated in such information. These and all subsequent

written and oral forward-looking information are based on estimates and opinions of

management on the dates they are made and expressly qualified in their entirety by this notice.

The Corporation assumes no obligation to update forward-looking information should

circumstances or managements estimates or opinions change.

Disclaimer

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Slide 6

Soltoro

Projects

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Puerto Vallarta

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El Rayo Primary Silver Project: History

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Discovered by theSpanish in 1546;worked sporadicallyuntil 1970

National Mining

Reserve from 1970 to1981

Acquired by SummexMines Ltd in 1990s

Staked by Soltoro in

2005; drillingunderway by 2007

312 drill holes totaling53,205 m

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El Rayo Primary Silver Project:

Mexican Silver Belt

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Located in beltprospective forepithermal deposits

First Majestics SanMartin Mine innorthern J alisco

Soltoro has acquiredseven of 12 historicmining districts in

J alisco State

Jalisco

underexplored;currently undergoingan explorationrenaissance

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El Rayo Primary Silver Project:Regional Activity

Soltoro Partners

Argentum Silver

Gold Reserve

Active Exploration Companies

Cayden Resources/

Grupo Mexico

Golden Minerals

Endeavour Silver

Silver Predator

Santana Minerals

Minera Atengo

First Majestic

Cliffs/Riverside

IOCG Alliance

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El Rayo Primary Silver Project: M&I in-pit 77.4M oz resource

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Las Bolas Deposit59 million oz. Ag

Highway Zone Deposit5.4 mill ion oz. Ag

Sacramento-El Ocote-Nueva Suerte Mines

La Soledad Deposit13 million oz. Ag

El Rayo Au Deposi t

Catarina Mine

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El Rayo Primary Silver Project: Geology

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Structures within Magnetics

North-northeast-trendingstructures

(Las Bolas)

East-west-trending structures(La Soledad)

Northwest-trending structures(Catarina & El Rayo Au)

Northeast-trending structures

Main district located atintersection of NNE, E-W & NWstructures

Deposit Area

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Las Bolas Deposit

Favorabletopography,access andinfrastructure

1,200 m of strikelength

Fault blocksgenerally down-dropped to the

north

Las Bolas Deposit

Matachines Mine

La Soledad Deposi t La Soledad Fault

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Deep

mineralization

(late)

1500

1400

1300

1200

Hanging

Wall Ag-Zn

Shallow

mineralization

(early)

Footwall mimetite- bearing

quartz vein-breccia and

rhyodacitic dikes

Envelope

of quartz

veining

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Las Bolas Geochemistry Section 30775

Ag

Pb

Zn

Mo

0 100

metres

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QUILA GOLD

COPPER PROJECTEl Rayo Primary Silver Project:

Las Bolas Longitudinal Section (looking NW)

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Ag-H

Ag

Cu

AsPlume 3 Plume 1

Plume 4

Plume 2

NESW

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Las Bolas Mineralogy

Gangue Mineralogy

Abundant

Quartz (SiO2)

Specularite (Fe2O3)

Common

Mimetite (Pb5(AsO4)3Cl)

Vanadinite (Pb5(VO4)3Cl)

Minor

Calcite (CaCO3)Barite (BaSO4)

Sulphide Mineralogy

Abundant

Acanthite (Ag2S)

Mckinstryi te (AgCu)2S

Aguilari te (Ag4SeS)

Minor

Galena (PbS)

Sphalerite (ZnS)

Chalcopyrite (CuFeS2)

Pyrite (FeS2)

Hawleyite (CdS)

Greenockite (CdS)

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Ray12-152

At 286 m depth:100 g/t Ag & 0.07% Pb

Ray12-152

At 321 m depth:535 g/t Ag & 22.7% Pb


Las Bolas Mineralization

3 cm

3 cm

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Early, highertemperature Pb-As-V-Ag-Mo event

Later, lower temperatureAg-Pb-Zn event

Later event coincidentwith brecciation ofearlier mimetite-bearingmineralization and re-

cementation by silicaand specularite


Las Bolas Mineralization History

3 cm

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Las Bolas Alteration

From earliest to latest:

Propylitic alteration (epidote-chlorite-quartz) bordered by sub-

propylitic alteration (smectite-chlorite-calcite) along veins

Sericite alteration of plagioclase

Hematite alteration of Fe-bearing minerals

Argillic and minor advanced argillic (dickite filling open spaces)

Carbonate alteration closely associated with late cross-cutting

andesite dikes

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Las Bolas Hematite Alteration

Specularite inveinlets

Earthy hematite

replacing olivine,

pyroxene,magnetite,

ilmenite and

chlorite

Pervasive

replacement of

groundmass by

earthy hematite

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Catarina-style: Low Sulphidation EpithermalQuartz-carbonate gangue; very minor hematite;

Fe as pyrite; no associated mimetite orvanadinite

Ag-Pb-Zn sulfides common with lesser sulfosalts

Pb, Cu, Zn, Mo, Bi , AgAu


Styles of Epithermal Mineralization

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Las Bolas-Style: Low Sulphidation Epithermal

Quartz-specularite gangue with mimetite andvanadinite

Ag as Ag sulfides with traces of Pb-Zn-Cu sulfides

Hematite alteration common

Ag, Pb,As, Sb, Ba, VCu, Zn

3 cm

3 cm

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Las Bolas Geochemistry

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Anomalous ElementsAg

As (at depth)

Sb

Pb

Ba

KMinor Mo (at depth) Cu, Zn and V

Depleted Elements

Na

Ca

MgP

Ag

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As Sb

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QUILA GOLD

COPPER PROJECTEl Rayo Primary Silver Project:


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Ba K

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Contrasting Epithermal Mineralization

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TYPICALLOW SULPHIDATION EPITHERMAL

LAS BOLAS-TYPELOW SULPHIDATION EPITHERMAL

Host Rocks andesite to rhyolite olivine basalt, basaltic andesite

Igneous Association felsic intrusions, domes rhyodacite domes, dikes

Geochemical Signature Au, Ag, Pb, Zn, Cu, Mo, As, Sb, Hg Au, Ag, Pb, Zn, Cu, Mo, As, Sb, Hg, Ba, V

Ore Minerals

electrum, acanthite, Ag-sulfosalts,sphalerite, galena, tetrahedrite-tennantite, chalcopyrite, selenides,tellurides

acanthite, mckinstryite, aguilarite, galena,sphalerite

Sulphide Abundance

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El Rayo Measured & Indicated in-pit resource of77.4 mill ion ounces of silver;

59 million ounces occur in the Las Bolas deposit

Multi-event low sulphidation system consisting of stockwork and vein-breccia

Silver mineralization related to quartz-specularite and specularite veinlets

Low total sulphide; trace amounts of Pb, Zn and Cu sulphidesGangue mineralogy dominated by quartz and specularite with mimetite and

vanadinite

Alteration consists of propylitic, sericitic, hematitic and argillic alteration along

with limited silicification

Two distinct events: higher temperature Pb-As-V-Ag-Mo followed by lower

temperature Ag-Pb-Zn

El Rayo Primary Silver Project: Summary

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El Rayo Primary Silver Project: Where to Next?

Continue to expand resource at Las Bolas Northeast and

La Soledad West

Define sulphide-rich mineralization at depth at Las Bolas

Refine interpretation of fault offsets in order to locate additional resource;

detailed structural analysis

Expand existing Au resource in El Rayo zone

Indicated: 380,000 tonnes @ 1.85 g/t Au containing 22,600 oz. Au

Inferred: 365,000 tonnes @ 1.61 g/t Au containing 18,900 oz. Au

Follow-up regional geophysical and geochemical anomalies

Increase understanding of district-scale mineralization Why two distinct styles of mineralization?

o Isotopic study

o Age dating

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Thanks

Soltoro Ltd: 20 Adelaide Street East, Suite 400

Toronto, ON M5C 2T6

Tel: 416 987 0722

Adding Resources Adds Value !

SOLTORO FUNDING GOES INTO THE GROUND!

www.soltoro.com

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Pdac 2013 El Rayo