New Oroperu Resources Inc. is a junior exploration company based in Vancouver, B.C., which owns the Tres Cruces gold project in Peru.The Tres Cruces is a 100% Company-owned project, subject to 1½% NSR royalty and subject to an option agreement with Minera Barrick Misquichilca S.A., a subsidiary of Barrick Gold Corporation (“Barrick”). Under the terms of the agreement, in order to exercise its option Barrick must pay for all expenditures up to a production decision. To maintain the option Barrick must pay US$250,000.00 to the Company by May 31st each year until a production decision is made. The Company retains a 30% interest and its share of production costs are financed by Barrick. Additionally, under the agreement New Oroperu retains a 2% NSR royalty of which US$1,000,000 is to be paid in advance at the time of a production decision.

The mineral resource contains silver (Ag) values which report in the metallurgical work but are not included in the estimate due to incomplete assay data in the block model. Based on 43,200 Ag assay intervals, the overall Ag to the Au ratio is 3:1 and 2:1 for gold values at 0.6 g/t Au cut-off.The Tres Cruces project is a 100% company owned project subject to a 1.5% NSR royalty and subject to an option agreement with Barrick. Under the terms of the agreement, in order to exercise the option Barrick must pay for all expenditures up to a production decision. Oroperu retains a 30% interest and Oroperu's share of production costs are financed by Barrick. Additionally Oroperu retains a 2% NSR royalty of which US$1,000,000 is to be paid in advance at the time of a production decision. To maintain the option Barrick must pay US$250,000 to Oroperu on May 31st each year until a production decision is made.