• High-grade copper - silver discovery: 100% ownership in 7,060 ha property
• Drilling to date on the project totals 4925m in thirty holes (2006/ 2007/ 2011) which intersected high-grade copper-silver and confirmed significant mineralization
• Cocha South is a 1.7km southeast-trending belt of copper-silver mineral occurrences; the main control appears to be a favorable geologic contact located approximately 23 km east of the city of Huancayo with road access; exploration can be carried out on a year-round basis

Exploration History

The project has had three drill programs totalling over 4,900 m of diamond drilling in thirty holes in 2006, 2007 and 2011. Drill highlights to date have included:

• Phase I*
• 2.67% Cu & 24.1g/t Ag over 30m
• 1.93% Cu & 17.0 g/t Ag over 18m
• 0.8% Cu & 10.8 g/t Ag over 13m
• 0.82% Cu & 9.2 g/t Ag over 12m

• Phase II*
• 3.61% Cu & 38.2 g/t Ag over 38m
• 0.27% Cu & 2.8 g/t Ag over 29m
• 0.21% Cu & 6.6 g/t Ag over 14m

• Phase III**
• 0.45% Cu & 12.2 g/t Ag over 28.35m
• 0.30% Cu & 9.0 g/t Ag over 35.8m
• 0.20% Cu & 7.0 g/t Ag over 50.8m

See Cocha NI 43-101 Technical Report at left for further project information on Phase I and II.

* For full details see Panthera Exploration Inc.'s January 11, 2008 News Release
** See Golden Alliance Resources Corporation's April 12, 2011 News Release for details of the 2010-2011 drilling program. News Release