San Sebastian Gold Mine

MODESTO GOLD MINE

Property Description	Modesto Mine is located near the city of Paisnal and about 19 miles north of San Salvador, the capital city.
Nature of Interest	Land ownership only through the Company’s Chairman.
Date Interest was Acquired	September 1993
Cost of Interest	No cost for interest.
Amount of Funds to Make Property Operational	Not applicable.
Date Mine will be Operational	Not applicable.

Modesto Mine Location
The Modesto Mine is located due north of the town of El Paisnal, approximately 19 miles north of the capital city, San Salvador, in the Republic of El Salvador, Central America.

Modesto Mine Present Status
The Joint Venture suspended exploration activities at this site in July 1997 as the Government of El Salvador awarded the concession of the property to another mining company. The Company believes that, through its Chairman, it owns the title to key property; therefore permission from the Company will be required before entry can be made by others.