Vecino Ventures S.A. entered into a binding letter of intent to acquire Remedios Gold S.A.S and Remedios Gold Holdings S.A. and Nueva Grande S.A.S. from Wolverine Minerals Corp. (TSXV:WLV) in assumption of debt on December 23, 2015. Vecino Ventures S.A. signed a definitive agreement to acquire Remedios Gold S.A.S and Remedios Gold Holdings S.A. and Nueva Grande S.A.S. from Wolverine Minerals Corp. (TSXV:WLV) on February 16, 2016. As a part of consideration, Vecino Ventures will assume and be responsible for all liabilities of Remedios Gold S.A.S and Remedios Gold Holdings S.A. and Nueva Grande S.A.S. The closing is subject to certain conditions precedent, including the execution of a formal definitive agreement and approval of the TSX Venture Exchange.

Vecino Ventures S.A. completed the acquisition of Remedios Gold S.A.S and Remedios Gold Holdings S.A. and Nueva Grande S.A.S. from Wolverine Minerals Corp. (TSXV:WLV) on February 16, 2016.