MINING TENEMENT INFORMATION

Tenement No.

MPSA-001-90-CAR

Tenement Name

Mineral Production Sharing Agreement

Mineral(s)

Gold, Copper

Location

Mankayan, Benguet

Area (hectares)

948.97

Status of Operation

Commercial

Project Name

Holder

Lepanto Consolidated Mining Co. and Far Southeast Gold Resources

Office

21st Flr., BA-Lepanto Bldg.

8747 Paseo de Roxas, Makati City

Tel:

815-9447

Fax:

Contact Person

Felipe U. Yap

Acting Resident Manager