Maria: Mineral Concessions

The property is comprised of 4 contiguous claims located in the municipality of Cadereyta, state of Querétaro, Mexico under exclusive contract to Galena Mining’s wholly owned subsidiary Norma Mines. The San Juan Nepomuceno claim (#170052), which is an exploitation claim covers an area of 14 hectares. The San Juan 2 claim (#214737) which is an exploration claim and covers an area of 43.1004 hectares. The San Juan 3 claim (#215627) which is an exploration claim covers an area of 142 hectares. And finally the San Juan 4 claim (#211604) which is an exploration claim that covers an area of 94.9979 hectares. The total covered area is 354.510 hectares of which 266.41 hectares are of the exploration type and 88.09 hectares are of the exploitation type.

Vendor
The owner of the concession is Sr. Vincente Arreguin Vega. Norma Mines has a contract for these concessions with Mr Arreguin. We have until January 09 to explore the area, to that date no payment is made. The end of January a payment of $1m is required if project continues, and a yearly payment of $1m in January of 2010 and 2011 to complete the buyout of the property.

Surface Rights
The surface belongs to both Mr Arreguin and the community, we have had meetings with both the community and the mayor of the municipality, all these approaches have been cordial and we see no problems in the future. The community has given us access to water for the exploration process.