Batero Gold Corp. provided an update on the La Cumbre Project, which is part of the Batero-Quinchia project 100% owned by the Company and located in the department of Risaralda, Colombia. Minera Quinchia is currently conducting all the studies required by the environmental authority- ANLA to file the Environmental Impact Assessment (EIA) and obtain the environmental license. The volume of oxide, transition and primary material to be treated is 15,000 tonnes/day. An engineering study of the DMO (Deposit of Organic Material) and DMI (Deposit of Inert Material) in the Paramillo area, as well as geotechnical studies, and designs for hydraulic works in the pit area were carried out by the consulting firm R&DC. Together with TARMA BULK - PERU it was decided to select the overland conveyor with energy regeneration alternative as a result of a study for mineral transport between project components. This study forms part of the larger ongoing pre-feasibility study. ANDES - PERU carried out the geotechnical characterization and a permeability study of oxide and transition material, which allowed Minera Quinchia to establish the best binder doses for a 5m high leaching column. Minera Quinchia also plans to undertake leaching tests in Colombia using 10m high columns with oxide, mixed and primary materials to increase the engineering for the next phases. Metallurgical tests were carried out at METTS - PERU laboratories where the oxide and the mixed material between oxide and transition material were analyzed. Results indicate a recovery between 89.7% and 92.4% with gold values of 1.381g/t and 1.45g/t. SGS - PERU laboratories has developed Acid Rock Drainage (ARD) tests with the pit material. Coal Support, a Colombian consulting firm, is working on an update of the PTO (Plan de Trabajo y Obras) document that covers the footprint of the project. This document is 80% complete. Minera Quinchía completed the vibrations and explosives study, and a study of energy supply and demand. Servicios Geográficos y Ambientales SAG has advanced the environmental zoning, and impact identification possibly generated by the Project, as well as the biotic, abiotic, and archeologic characterization, which is in its final phase. The Company started the Prior Consultation process with the indigenous parties located inside the Project's area of influence, advancing the pre-consultation process and the methodology path with the Embera Chami community. The Interior Ministry is the guarantor of the due process. Minera Quinchía keeps a good relationship with the communities inside the project's area of influence, developing social programs focused on the five strategic action lines: Education, Institutional Strengthening, Health, Culture, Heritage and Social Infrastructure Development. Based on the new Project scope and the location of the proposed mining infrastructure, the Company acquired 20 new surface properties covering 50Ha in the last year.