Micon International Ltd. (“Micon”) was retained to prepare a NI 43-101 Property of Merit report in support of the recently signed option agreement with Teck Resources Limited’s Mexican subsidiary Minera Torre de Oro, S.A. de C.V. (“Teck”) whereby Catalyst’s Mexican subsidiary Minera Hill 29, S.A. de C.V. (“Catalyst”) can acquire a majority interest in La Verde.

In the NI 43-101 technical report, Micon states it is of the opinion the La Verde property is a Property of Merit and recommends a success contingent phased exploration program. The Phase One program includes a deep level IP survey, 5,000 meters of confirmation drilling, block model creation, mineral resource estimation, and the generation of a technical report. Phase Two would involve both drill definition of the known zones and step-out drilling to test numerous geophysical and geochemical anomalies immediately adjacent to the La Verde East and West Hill zones. Phase Two includes 25,000 meters of drilling that would culminate in a second mineral resource estimate and technical report.