The following is a portfolio of independent technical reports on the El Valle-Boinás/Carlés project conducted prior to Orvana’s acquisition of the properties in September 2009 and subsequently re-issued to Orvana in November 2009.  These reports were prepared in compliance with the requirements of National Instrument 43-101 of the Canadian Securities Administrators entitled “Standards of Disclosure of Mineral Projects.

• July 2010 - NI-43-101 Technical Report dated 30, April 2010
• April 2010 - Technical Report for the El Valle, Carlés, La Brueva, and Godán Gold Deposits
• April 2009 – NI 43-101-compliant Technical Report “Technical Report, Preliminary Assessment of El Valle Gold Project, prepared by Scott Wilson Ltd.
•  November 2008 - NI 43-101-compliant Technical Report “Technical Report, El Valle, Carlés, La Brueva, and Godán Gold Deposits, prepared by Ore Reserves Engineering.
•  January, 2008 - NI 43-101-compliant Technical Report “Technical Report, El Valle, Carlés, La Brueva, and Godán Gold Deposits, prepared by Ore Reserves Engineering.