Eurotin Inc. provided the resource update on its Oropesa tin (Sn) project, located in SW Spain. At a 0.3% cut-off, the updated Mineral Resource contains 7.44 million tones at 0.52% Sn (38,430 tones of contained tin) and 2.14 million tones at 0.53% Sn (22,261 tones of contained tin) in the Indicated and Inferred classification categories, respectively. At a 0.1% Sn cut off, the updated Mineral Resource contains 54,690 and 16,078 tones of contained tin in the Indicated and Inferred classification categories, respectively, compared to 28,764 and 22,871 tones of contained tin in the Indicated and Inferred classification categories, respectively, in the October 2012 Mineral Resource.

This represents an aggregate increase of 37% in contained tin. At a 0.1% cut-off, the average grade has increased to 0.37% Sn from 0.32% Sn and 0.26% Sn in each of the Indicated and Inferred classification categories, respectively. Resource confirms the positive open pit potential of the Oropesa tin deposit.

The updated Oropesa Mineral Resource Estimate was completed by SRK Consulting (UK) Ltd. (SRK) and has been restricted to all classified material within 200 meters from the topographic surface and above a marginal cut-off grade of 0.1% Sn. This represents the material which has a reasonable prospect for eventual economic extraction by open pit mining methods. At a 0.1% Sn cut off, the updated Mineral Resource contains 70,768 tones of contained tin in the combined Indicated and Inferred classification categories, compared to 51,635 tones of contained tin in the combined Indicated and Inferred classification categories in the October 2012 Mineral Resource.

This represents an increase of 37% in contained tin. The principal reasons for the significant increase of contained tin, plus the increase in the amount of material in the Indicated Resource category in the new resource, are: The inclusion of results from an additional 36 holes drilled in 2012 and 2013; and a re-interpretation of the lithological and structural controls on the tin mineralization that has resulted in a more selective and tighter control on the mineralization domains created. This has resulted in a reduction in the amount of diluting material from within the mineralization domains and has improved the overall continuity of the interpretation.