Pucara Resources Corp. announced the execution of a joint venture agreement with IAMGOLD Peru S.A., a wholly owned subsidiary of IAMGOLD Corporation, for the exploration of the Company's Santo Tomas Project (now known as the Los Tambos Gold Project), and to provide an update on Pucara's corporate activities and exploration programs. Los Tambos, which encompasses Pucara's Santo Tomas property is located in the Ayacucho Region of southern Peru. Pucara geologists have identified a high sufidation, gold bearing system, which hosts a large alteration footprint coincident with an extensive resistivity (IP) anomaly in the northern part of the property supported by rock chip geochemistry up to 2.0 g/t gold. The IAMGOLD exploration team is assessing this and other targets on the property to finalize a drilling program expected to commence in 2018 -2019 once permits and approvals are granted. The Los Tambos property has recently been expanded and now covers 7,600 hectares. Pucara has established strong, positive community relations with the local communities. Pursuant to the joint venture agreement IAMGOLD may earn a 60% interest in the property by spending USD 4.0 million for project work and making USD 500,000 in payments to Pucara over the next 4 years. Upon vesting, IAMGOLD has the option to earn an additional 10% interest over two years by producing a one million ounce gold equivalent resource as defined within NI 43-101, and to pay Pucara the equivalent of USD 2.00 per ounce of gold equivalent for the total resource defined by the NI 43-101 compliant resource estimate. Pucara's Guadalupe Project in central Peru contains a copper-zinc volcanogenic massive sulfide (VMS) target. Guadalupe is an advanced exploration property optioned to Nexa Resources SA (previously Compañía Minera Milpo SAA). A 2018 drilling program is currently underway by Nexa. Pursuant to the option agreement, Nexa has the right to buy 100% of the project in 2019 with Pucara receiving a payment and a retained NSR royalty.