The undersigned prepared this technical report titled “Technical Report on the Suriloma Gold-Silver Property, Department of La Libertad, Peru” and dated February 27 2013, in support of the public disclosure of technical aspects of the Suriloma Property by Darwin Resources Corp. The format and content of the report are intended to conform to Form 43-101F1 of National Instrument 43-101 of the Canadian Securities Administrators.

The undersigned consents to the public filing of the Technical Report entitled “Technical Report on the Suriloma Gold-Silver Property, Department of La Libertad, Peru” .

Effective Date: February 27, 2013

Signed on February 27, 2013 by

(Signed by Dr. Graham D Carman) (signed copy on file)

Graham Carman, FAusIMM, Ph.D., B.Sc.(Hons.)

For Bluerock Geological Pty Ltd

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Table of Contents

The Suriloma property is located in the Department of La Libertad in Peru, 60km northeast of the city of Trujillo at 7° 49.2’ South and 78° 33.2’ West between 3200-3900 metres in elevation. The property lies  within a mineral belt containing several world-class gold deposits. Suriloma is 30km west of Barrick’s  Lagunas Norte mine (2011 production: 763,000 oz gold) and 50km west of Rio Alto’s La Arena gold mine (2012 production: 212,000 oz gold – Rio Alto Mining website, 2013). The Shahuindo gold-silver deposit in  the Department of Cajamarca is located 50km to the north (4 Moz gold endowment: Sulliden Gold Corporation, 2012). The huge Yanacocha gold deposit (70 Moz gold endowment: Teal and Benavides, 2010) lies 100km to the north.

Darwin Resources Corp. (“Darwin” or “The Company”) acquired the Suriloma mineral concessions during 2012, following a target generation exercise by the Company which identified the area as a target for epithermal gold - silver mineralization. Surface mapping and sampling has now identified gold and silver mineralization at a number of specific target areas at the property. This report discloses technical aspects of the property including significant exploration results to date, and outlines the basis of a future exploration program including a proposed drill program and budget.

Darwin entered into three separate agreements to earn a 100% interest in three mineral concessions at Suriloma during the period from July to September 2012. Pursuant to these agreements, Darwin can earn 100% interest in the mineral concessions by making staged payments over 3 years for a total of US$800,000. A residual 2% net smelter return (NSR) can be bought at any time on all three claims for a total of US$1.3 million. Two other concessions are 100% owned by Darwin. The Suriloma property consists of a continuous mineral concession package totalling 2,070 hectares. No past drilling is known on the property. No Mineral Resource or Mineral Reserve is known.

Two styles of mineralization occur on the property:

-Stockwork gold mineralization; 

-Quartz vein silver - gold - base metal mineralization; 

Mineralization is hosted by Calipuy Group volcanic rocks of mid-Tertiary age, and Goyllarisquizga Group quartz sandstones of Cretaceous age. The mineralization occurs over a discontinuous strike length of 7 kilometres, and over a vertical interval of some 700 metres between 3,200 metres and 3,900 metres elevation. The style of mineralization is identified as intermediate sulfidation epithermal to mesothermal vein type. Old artisanal mine workings for silver and antimony veins are present in the area.

Seven (7) target areas for gold and silver mineralization have been identified at Suriloma. Darwin has collected around 650 surface samples, most of which are continuous channel samples averaging 2m in length.

The La Puerta target is the principal gold oxide target hosted by epithermal quartz stockwork mineralization within andesite host rocks associated with argillic (illite ± smectite) alteration. A total of 309  channel samples were collected and assayed from 24 channels dug perpendicular to the strike of the gold structure over a 1km length. An epithermal gold stockwork zone has been identified in two sub-parallel mineralized zones with a combined width of up to 60 metres. Highlights of the channel sampling from the La Puerta area include 29 metres @ 1.6g/t gold + 4.5g/t silver, 26 metres @ 1.28g/t gold + 0.5g/t silver, and 16 metres @ 2.2g/t gold + 2g/t silver. The average grade of all 309 channel samples, including unmineralized samples, is

0.90 g/t  gold (ranging from  <0.005 to 12.8  g/t  Au) and 15 g/t silver  (ranging from <0.2 to 171 g/t  Ag). The

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samples are anomalous in arsenic, and there is a strong positive correlation between gold and arsenic. Base metal values in the stockwork are low. Gold mineralization is related to the density of quartz stockwork veinlets, and is disseminated in the hydrothermally altered rocks. The stockwork mineralization is believed  to have formed at around 160 to 200 °C in a shallow epithermal environment based on the clay mineralogy. Outcrops of the stockwork are now oxidised containing no sulfide. The western end of the mineralized structure at La Puerta is interpreted to lie beneath shallow post-mineral volcanic cover.

The stockwork mineralization at the La Puerta target has the potential to host a large tonnage, low grade, oxide gold deposit. The intial conceptual target has a strike length of 1,000 metres, a depth potential of 200 metres (i.e., to the base of the mineralized volcanic unit) and width of 50+ metres. Potential exists for the gold mineralization to extend into the Mesozoic sediments that underlie the volcanic host rocks.

Other gold stockwork targets at Suriloma include the Inmaculada and Santa Felicita areas. At Santa Felicita gold mineralization is hosted in quartz sandstones, with reconnaissance samples grading up to 4.4 g/t gold in hydrothermal breccia. Further work is required to define the exploration potential at these areas. Quartz sandstones are the host of major gold deposits in the La Libertad region of Peru, including Lagunas Norte and La Arena, so these targets warrant further work.

A metallurgical cyanide leach test of representative material from surface samples at La Puerta grading 1.48 g/t gold returned a gold recovery of 90.7% gold from a cyanide bottle roll test within a 24 hour period, with cyanide consumption of 0.4 kg/t. This was a highly favourable result, indicating the vast majority of gold mineralization in surface outcrops is easily leachable with low cyanide consumption. It is noted that this was a preliminary metallurgical test from surface mineralization, and is not necessarily representative of mineralization in the sub-surface. Further metallurgical testing is recommended once drill cores are available.

Silver - gold - base metal quartz veins that vary in width from <1 metre to 4 metres occur at several areas on the property including Surupampa, La Puerta, Edelmira, Mina Leje, and Guadalupe. These veins commonly have small old artisanal workings developed along them, and can contain significant base metals and silver- antimony sulfosalts and/or stibnite while gold grades are variable from low to high. A vein at Surupampa returned the highest gold values yet at the property, 0.3 metres @ 132g/t gold + 45 g/t silver from a narrow oxidised quartz vein. A quartz vein at La Puerta returned a channel result of 2 metres @ 658 g/t silver + 1.33 g/t gold + 0.2% antimony with coarse-grained stibnite. Sulfide mineralization in the veins typically comprises around 10% by volume as pyrite, stibnite, sphalerite, galena, and silver-antimony sulfosalt minerals including polybasite. The vein gangue is mostly crystalline and drusy-textured quartz. The quartz - base metal sulfide veins are interpreted to have formed under high temperature intermediate sulfidation epithermal conditions or mesothermal conditions (250 to 300 °C). The presence of copper sulfosalts (including bournonite) and tin sulfide (stannite) in some of the quartz veins suggests a nearby mineralizing intrusion.

An exploration program is recommended including at least 2,000 metres of diamond drilling at the La Puerta area, focussing on the oxide gold potential and the epithermal stockwork mineralization. Darwin has an approval pending for a 12 platform drill program at La Puerta.  The Company expects the drill approvals to  be granted by calendar Q2 2013. Land access agreements have been signed with individual landholders for this proposed program. The drill program is estimated to cost US$761,000 including contingencies.

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The Suriloma mining concessions are situated in the District and Province of Otuzco in the Department of La Libertad in northern Peru, approximately 80 kilometres by road east of the city of Trujillo - Figure 1. The property consists of five contiguous mineral concessions covering 2,070 hectares (ha) including concession overlaps (the ‘Property’). Three of the mineral concessions are held under three separate option  agreements with individual concession holders, on which Darwin Resources Corp (‘Darwin’, the ‘Company’ or the ‘Issuer’) has the right to acquire 100% ownership of the mineral rights.  Darwin Peru SAC, a wholly  owned Peruvian subsidiary of Darwin, is party to the legal agreements. Two other concessions are 100% owned by Darwin Peru SAC. Darwin is a TSX Venture Exchange reporting public company.

The author has visited the property on four occasions from 5 to 7 May 2012, 28 to 30 June 2012, 18 to 21 September 2012, and 20 to 22 February 2013, accompanied by Company staff and/or consultants of the Company. Several rock samples were collected during these visits by the author.

The purpose of this technical report (the ‘report’) is to disclose technical aspects of the Suriloma gold-silver property and outline a proposed work program including drilling. This report has been prepared by Dr. Graham Carman (PhD, FAusIMM) in compliance with the disclosure requirements of the Canadian National Instrument 43-101. Dr. Carman (the ‘author’) meets the criteria of Qualified Person. The author is a full-time employee of the Company and is not considered ‘independent’ based on the definition in Section 1.5 of National Instrument 43-101. The author has reviewed available exploration results and prepared the Report in accordance with the formatting requirements of National Instrument 43-101 (‘NI 43-101’) and Form 43- 101F1 (Standards of Disclosure for Mineral Properties). This report is intended to be read in its entirety.

The author has compiled Darwin’s available geological and geochemical data on the property as of the date of this Report. Sources of data used include in-house reports and accompanying maps, sections and tables prepared by Darwin’s staff; geochemical datasets provided by the Company and the laboratory; mineralogical reports by independent consultants of samples collected by the Company; papers in the public domain on the geology and mineralization of northern Peru; and various maps, press releases and papers found on the Internet. References have been made to third party documents  where  appropriate, to the best of the author’s knowledge.

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Figure 1. Location Map of the Suriloma project with selected large gold deposits of northern Peru

This report has been compiled based on field observations by the author and with reference to ‘in-house’ Darwin geological reports made available to the author by professional geologists of the Company. The author has visited the property on four occasions, and has been involved in the collection of surface samples. The information, conclusions, opinions and recommendations are based upon:

Information available to the author at the time of the preparation of this report; 

Data, reports and other information provided by Darwin Resources Corp. and other sources; 

Assumptions, conditions and qualifications as set forth in this report; and 

The author’s knowledge of the subject of economic geology gained over years of experience. 

Mr. Rolando Ligarda, Exploration Manager South America for Darwin, accompanied the author during his property examinations and provided commentary on the geology at the property and the exploration results. Mr. Luis Giraldo, Project Geologist, compiled the bulk of the geochemical data and supervised the collection of the channel samples at the La Puerta area. Mr. Edgardo Guizado, Geological Consultant, supervised the mapping and sampling at the Edelmira, Santa Felicita and Surupampa areas. Mr. Georg  Winkelmann, General Manager of Darwin in Peru, provided the property ownership information relating to the mineral concessions and of the mineral rights in Peru. The available information is believed to be of good quality,  and there is no reason to consider any of the information to be inaccurate.

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The Suriloma property is located at 7° 49.2’ South and 78° 33.2’ West between 3200m and 3900m elevation in the District and Province of Otuzco, Department of La Libertad, Peru (Figure 1). In UTM coordinates the property is centered at approximately 770000E, 9135000N (PSAD56 zone17S datum). Access is via a  bitumen road from the coastal city of Trujillo to the town of Otuzco 60km to the east. From Otuzco, access  to the property is via a gravel road heading northwards approximately 20 km from Otuzco.

The Suriloma property consists of five contiguous mineral concessions namely Surupampa III 2009, Santa Felicita 2, Edelmira, Colquiloma 1, and Colquiloma 2, which cover a total of 2,070 hectares (ha). Figure 2 shows a map of these concessions, and Table 1 documents the relevant concession information.

Table 1. Claim Details

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Figure 2. Suriloma Mineral Concession Map

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The General Mining Law of Peru is administered by the Ministerio de Energia y Minas. The Mining Law defines and regulates different categories of mining activity, according to the stage of development. Details of the Mining Law were consolidated in the ‘Single Revised Text of the General Mining Law’ of 1992 (Government document D.S. No. 014-92-EM). In summary, ownership of mineral claims is controlled by mining concessions that are established under UTM coordinates (PSAD zones 17, 18, or 19 S). New concessions have a maximum size of 1,000 ha and a minimum of 100 ha, with vertices to the nearest 1,000m UTM coordinate. Concessions that pre-date the new law are based on the ‘punto de partida’ system and can be of any orientation with metre coordinates of vertices given to 3 decimal places. If the old concessions overlap with new concessions granted in the graticular system, the old concession has priority.

Mining concessions are irrevocable as long as the required annual maintenance fees (‘derecho de vigencia’) are paid by 30 June each year and cannot be more than 2 years in arrears, otherwise the concessions will extinguish. The annual fee for metallic mineral concessions is US$3/ha for each concession that is either granted or under application (‘petitorio’). The concession holder must sustain a minimum level of annual commercial production no later than by the expiration of the tenth year, equivalent to one Taxation Unit (currently 3,700 Peruvian soles or approximately CDN $1,450) per year and per hectare. Otherwise, starting the first half of the eleventh year following the granting of the mining concession, the titleholder shall pay a penalty equal to 10% of the required minimum annual production per hectare and per year, until the minimum annual production has been met. The penalty must be paid in addition to the annual rental fee. If the required minimum annual production has not been met by the expiration of the fifteenth year following the granting of the mining concession granted, the mining concession will extinguish. An additional non- renewable term of up to a maximum of five years validity can be granted if the breach of the minimum annual production is caused by force majeure or by any fact not attributable to the titleholder, properly supported and approved by the competent authority. Also, the titleholder may be granted an additional non- renewable term of up to a maximum of five years validity, by paying the penalty and crediting investments in mining and / or basic infrastructure for public use, equivalent to not less than ten times the amount of the penalty which he/she is liable. In either case, if the failure continues until the twentieth year following the granting of the mining concession, it will expire.

For mining concessions granted before 2008, the former ruling on minimum annual production applies, whereby the holder must sustain a commercial annual production greater than US$100/ha in gross sales before the end of the sixth year following the granting of the concession. If the concession has not been put into production within a six year period, the annual rental increases from the first semester of the seventh year to US$9 (US$3 for derecho de vigencia, plus a US$6 penalty), until the minimum production level is met. If, by the start of the twelfth year from granting a concession, the minimum production level is not been achieved, the annual rental increases to US$23/ha (US$3 for derecho de vigencia, plus a US$20 penalty). A concession holder can, however, be exonerated from paying penalties if he/she can demonstrate that at least ten times the penalty for the total concession was invested during the previous year. The investment must be documented and it must be accompanied by a copy of the relevant annual tax statement (‘declaración jurada de impuesto a la renta’) and payment of the annual fees.

The holder of a mining concession must operate their concession in compliance with applicable safety and environmental regulations, and in so doing take all necessary steps to avoid damage to third parties. The

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concession holder must at all times, allow free access to their concessions by those authorities responsible for assessing whether the concession holder is meeting their obligations by law.

The issue of land tenure continues to be of importance in Peru, as the owner of surface rights can prevent exploration activities from proceeding. The Government requires a concession holder to either make an appropriate agreement with the surface rights owner for access to a property, or purchase the surface rights, prior to any significant exploration activity proceeding, including drilling. If the titleholder is unable to reach an agreement on the use of surface ground, it can apply for initiation of an easement to the Government. Holders of mining concessions are protected under the Peruvian Constitution and Civil Code. A Peruvian mining concession is a property-related right, distinct and independent from the ownership of land on which it is located, even when both belong to the same person. The rights granted by a mining concession are defensible against third parties, are transferable and chargeable, and may be the subject of any transaction or contract.

All transactions and contracts relating to a mining concession need to be registered with the Public Registry of Mining (Registro Publico de Mineria) in the event of subsequent disputes in law. The two option agreements relating to the granted concessions are registered in the Public Registry of Mining in Trujillo, whilst the Letter of Intent has been signed before a notary in Trujillo and will be registered as soon as the concession title is granted.

Darwin does not control the surface rights on any of the concessions at Suriloma. All surface rights are held by individual land holders. Darwin is progressing with the necessary permits to undertake drilling activities.

Environmental issues related to industrial activities in Peru are governed by the Ministerio del Ambiente (MINAM). The Dirección General de Asuntos Ambientales of the Ministerio de Energía y Minas is the enforcing agency for mining. The General Law of Environmental Law no. 28611 of 2005 is the relevant law. Specific environmental regulations for mining exploration are contained in the Decreto Supremo 020-2008- EM. The Decreto Supremo 020-2012 establishes that an approved Environmental Impact Study (DIA) for category I drilling, an approved water permit, and the agreement with the registered owners of the surface ground must be exhibited to obtain the authorization required prior to the application for a Permit to Initiate Activities (PIA). The final PIA approval generally takes 2-3 months after the application is presented.

For more details see: http://www.minem.gob.pe/area.php?idSector=4&idArea=56&idTitular=614&idMenu=sub611&idCateg=334

The property is located in northern Peru in the Province of Otuzco, Department of La Libertad. Access is via a bitumen road from Trujillo to the town of Otuzco, located 60km to the northeast of Trujillo and about 90 minutes by vehicle along a well formed bitumen highway. From Otuzco access to the property is via a gravel road heading northwards approximately 20km by road to the project, which takes 60 minutes.

Trujillo is the third largest city in Peru and hosts an international airport with several flights a day to Lima and to other cities in Peru. The Pacific Ocean port of Salaverry is located about 15km south of Trujillo city.  Otuzco is a moderate-sized town about 10km in a straight line south of the property, with a population of around 12,000. Darwin currently is renting space in Otuzco as a base for the Company.

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There are four communities located within the property - Figure 3. The La Libertad village is located 2km  east of the centre of the property. The Tambillo village is located 2km to the north. Surupampa village is located 3km to the northwest. Pango is located 5km to the south. The property area is generally used for cropping of potatoes, wheat and other cash crops by the local inhabitants. Farm animals include pigs, sheep, goats, llamas, chickens, horses, and donkeys. Houses are scattered around the property area.

The physiography of the Suriloma property is mountainous with the property located on the edge of a ridge between two large river systems. The Moche River drains south and west through the town of Otuzco to the coastal city of Trujillo, while the larger Chicama River drains north and northwest before turning west to the coast. Elevations within the property range from 2,900m to 4,000m with moderate to strong relief. The  areas of known gold mineralization occur from elevations of about 3,200m to 3,900m.

Vegetation consists mostly of grasses with sporadic eucalyptus trees and low perennial shrubs. The local climate is typical of a western Andes environment with cooler dry winters (April to June), and mild wet summers (December to March). Daytime temperatures range from 8 to 25 °C during the year. Exploration work can proceed on a year-round basis, although care must be taken on wet tracks during the summer.

The closest permanent water source is the river Moche (15km by road). While there is a good road access to the property, access within and between the prospects is limited. There is electricity to the nearest village 2km from the property. There appears to be adequate space to construct a mine, mill and suitable tailings ponds and waste dump sites, but these considerations are beyond the scope of this report.

The Suriloma property area was highlighted by a generative targeting study by Darwin geologists in early 2012. A site visit and preliminary assays returned encouraging results. This work led to return visits with more detailed sampling and mapping, and ultimately the negotiation and completion of the option agreements. No mineral resources or reserves exist on the property. To the knowledge of Darwin, no drilling or modern systematic exploration including extensive outcrop sampling or ground geophysics, appears to have taken place.

Small old mining pits up to a few metres deep have been developed on various silver - gold - base metal quartz veins at La Puerta and Inmaculada. The La Puerta workings exploited stibnite (antimony), whereas Inmaculada workings probably exploited gold - silver mineralization, with the quantity of material mined estimated to be less than 100 tonnes based on the small size of the stockpiles.

The Edelmira area has a number of quartz veins ranging between 0.2 and 4 metres in width exploited for silver at an artisanal scale during early 20^th Century times up to 1956. Some of the small scale workings may be much older. Some veins are currently being worked at an artisanal scale, in part by local landholders. In 1982 the Peruvian state-owned Banco Minero, based on a request by the current owner of the Edelmira concession, reviewed the economic potential of the veins from oxidised and mixed sulfide samples of underground workings (Banco Minero, 1982). Of the six veins described in the Banco Minero report, the Giuliana vein was described as having the potential for 10,000 tonnes of ore grading 340 g/t silver, 5.5% Pb and 4.6% Zn (no strike length was defined). Banco Minero recommended re-opening and re-sampling of the old mines to expose primary sulfides, but this work was not completed.

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Figure 3. Suriloma Community and Infrastructure Map

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Northern Peru has a history of gold mining dating back to Inca times. Extensive modern exploration has taken place since the late 1980s, with the discovery of the Yanacocha deposit (2009 production: 2.1 million oz gold – Buenaventura website 2011) in the Department of Cajamarca, 100km north of Suriloma – see Figure 1.

Several large gold deposits occur within a 50km radius of Suriloma in the Department of La Libertad, where the Suriloma property is located. These include the Lagunas Norte gold mine operated by Barrick with 14 Moz contained gold (Barrick Gold Corporation, 2011); the La Arena gold mine with oxide Reserves + Resources of 2.3 Moz gold (Rio Alto Mining website, 2012), and the Shahuindo gold-silver oxide heap leach project currently in feasibility with oxide Reserves of 1.0 Moz gold and 11 Moz silver (Defilippi et al., 2012). Old silver mining districts within 50km radius of Suriloma include Salpo, with estimated past production of 100 Moz silver and 1Moz gold (Hollister and Entwistle, 1977), and the historic silver-base metals vein deposits of Quiruvilca.

Despite being located in a heavily mineralized gold-silver belt, the Suriloma property had seen very little modern exploration prior to Darwin’s exploration activities.

The Suriloma property straddles a regional northwest-southeast trending Andean boundary between Mesozoic sedimentary rocks of Jurassic-Cretaceous age, and volcanic rocks of the Middle Tertiary  (Oligocene- mid Miocene). Mesozoic rocks lie to the north of the boundary, with Calipuy Group volcanic rocks to the south. Figure 4 shows the regional geology of the area and some of the important gold deposits in the region.

The following descriptions of the rock formations in the region are sourced largely from Navarro et al. (2010).

The basement rocks in the region belong to the Chicama Group of Jurassic age, consisting of deformed laminated lutites with interbedded sandstones and minor coal measures. Chicama Group sediments outcrop some 15km to the south and west of the project and are discussed no further here.

Middle to Upper Cretaceous age Goyllarisquizga Group rocks outcrop in the north and west of the property. Goyllarisquizga Group consists of a number of conformable, tightly folded sedimentary formations being from oldest to youngest: Chimu Formation, Santa-Carhuaz Formations, and Farrat Formation. Chimu Formation consists of quartzose sandstone (quartzite) with interbedded lutite. The Santa and Carhuaz Formations consist predominantly of impure limestone and lutite with minor sandstone. The Farrat Formation consists of interbedded quartzose sandstone and lutite. At the Suriloma property, Goyllarisquizga Group rocks are undifferentiated quartz sandstone sedimentary units which outcrop below approximately 3,250m elevation in the north and west of the property. The specific sedimentary formation name is not known at this time.

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Regionally the Goyllarisquizga Group is unconformably overlain by limestone formations of upper Cretaceous age (Chulec and Pariatambo Formations) which outcrop some 20km north of the property and are discussed no further here. The Tablachaca Formation (also known as Huaylillas Formation) consists of red sandstone and conglomerate (‘red beds’) of late Cretaceous to early Tertiary age, forming a discordant contact above the folded Goyllarisquizga Group rocks within the project area.

The Coastal Batholith is a 50km-wide granodiorite batholith that extends continuously throughout the coastal belt of Peru for 1500km. The Coastal Batholith is of Upper Cretaceous to Lower Tertiary age. The closest outcrops of granodiorite lie 15km west of the property, and are discussed no further here.

The Calipuy Group, the dominant outcropping rock unit in the project area, is a thick (700m to >1500m) sequence of andesite and dacite pyroclastic flows (‘tuffs’) and lavas. The contact with the underlying Mesozoic sediments is discordant and/or faulted. Dating and stratigraphic classification of Calipuy Group volcanics in the region by Ingemmet (Rivera et al., 2005; Navarro et al., 2010), has designated four main eruptive stages each characterized by calc-alkaline andesite and minor dacite volcanics from Eocene to Miocene as follows (Ma = million years ago); Stage 1 (40Ma to 28Ma); Stage 2 (28Ma to 24Ma); Stage 3 (24Ma to 17Ma); and Stage 4 (17Ma to 10Ma). Calipuy Group rocks within the property are part of the Urpillao-Rushos eruption centres younger than about 24Ma, corresponding to Stage 3 of Navarro et al. (2010). The eroded Urpillao and Rushos volcanoes are believed to have been connected strata-volcanoes. A single K-Ar age date of 24 ± 1.0 Ma (i.e. Oligocene) was obtained from a diorite intrusive cutting the basal units (Stewart et al., 1974).

It is interpreted that the Calipuy Group volcanic rocks have infilled a fault-controlled basin that thickens rapidly to the south. To the north of the property, Calipuy Group rocks were probably thinly deposited and have now been eroded - see Figure 4.

Mineralization at Suriloma is hosted by Calipuy Group volcanic rocks and underlying undifferentiated Goyllarisquizga Group sedimentary rocks. Darwin Resources has mapped the property at a 1:5,000 scale, from which a simplified 1:25,000 scale geological map is presented in Figure 5. A stratigraphic column of the local geology is presented in Figure 6. All mapped units pre-date the gold mineralization except for andesite domes, dikes and sills which are believed to post-date mineralization.

Undifferentiated Goyllarisquizga Group rocks consist of quartz sandstone and siltstone sedimentary units which outcrop below approximately 3,250m elevation in the north and west of the property. These rocks appear to be tightly folded. The sedimentary rocks host gold mineralization at the Santa Felicita and Mina Leje areas.

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Figure 4. Regional Geology Map

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The Calipuy Group has a maximum thickness of 700m at the Suriloma property. The volcanic sequence has been subdivided by Darwin geologists into four mappable, relatively flat lying, laterally continuous units - see stratigraphic column (Figure 6). The dip of the sequence is 10 to 20 degrees to the southwest.  From oldest  to youngest the four units are:

1.Lower Andesite consists of purple-green coloured andesite pyroclastic flow units with minor epiclastic sandstones. The Lower Andesite sequence is up to 300m thick, with its base at about 3,300m elevation. The pyroclastic flows consist of both heterolithic and monolithic tuffs with sub- rounded to sub-angular andesite clasts up to 10cm in diameter within an andesite matrix. The Lower Andesite is an important host for the gold mineralization at the La Puerta and Inmaculada areas. 

2.Dacite consists of pale pink - cream - green coloured crystal and lithic tuffs (i.e., pyroclastic flows) with abundant 10-30% quartz phenocrysts. The lithic clasts are up to 5cm in diameter enclosed in a dacite volcanic matrix. The pyroclastic flows contain abundant flattened pumice clasts (“fiamme”). The base of the Dacite contains a quartz latite unit with approximately 5% quartz and abundant fiamme. The Dacite unit is 200m to 250m thick with its base between 3,450m and 3,600m elevation, and has been eroded from the eastern part of the property. Dacite hosts silver - gold - base metal quartz veins at Edelmira. 

3.Limestone - Chert unit is a sedimentary horizon between 10m and 30m thick consisting of limestone layers with lenses of chert, interbedded with epiclastic volcanics including sandstone and conglomerate commonly in a calcareous matrix. This unit is a key stratigraphic marker. 

4.Upper Andesite consists of brown-purple coloured andesite pyroclastic flows including lithic tuffs with clasts up to 10cm diameter in an andesite matrix, interbedded with thinner units of quartz latite containing approximately 5% quartz. Flattened pumice (‘fiamme’) is common throughout. This unit  is up to 150m thick in the Edelmira area, and has been eroded from the eastern part of the property. A volcanic conglomerate debris flow unit occurs towards the top with rounded clasts up to 1m in diameter. The Upper Andesite hosts silver-gold-base metal vein mineralization in the Edelmira area. 

Pebble dikes between 1m and 10m across containing rounded to sub-rounded clasts of quartzite, siltstone, andesite and dacite in a rock flour clay matrix have been mapped cutting the Lower Andesite, Dacite and Upper Andesite units. The pebble dikes contain low levels of gold mineralization, and are interpreted as a precursor to the gold mineralization.

Small bodies of andesite displaying sub-horizontal ‘flow-banding’ textures are mapped in several locations on some of the highest hills on the property. These andesites are interpreted to be the remnants of volcanic domes and/or sills that were emplaced after the mineralization. An andesite dome is interpreted to  shallowly cover the gold mineralization at the western end of the La Puerta area.

Andesite dikes 1m to 5m across have been observed cutting the Upper Andesite, and are interpreted to be of a similar age to the andesite domes (i.e., post-mineral).

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Figure 5. Local Geology Map of Suriloma

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Figure 6. Stratigraphic Column of Local Geology

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Two general styles of mineralization have been recognized at Suriloma by the Darwin geological team. These are (1) stockwork gold mineralization, and (2) quartz vein silver - gold - base metal mineralization. These styles are described in detail below.

Surface geochemical results from Darwin’s rock sampling at the property are summarized in geochemical maps for gold, silver, copper and zinc (Figures 7 to 10). Other geochemical maps summarizing results for arsenic, mercury, antimony, tin, bismuth, and lead are provided as Appendix 1. The full geochemical database of approximately 630 samples is provided as Appendix 2.

Quartz veinlet mineralization referred to as “stockwork” type, is the most important mineralization style in terms of bulk mineable gold potential at Suriloma. Gold mineralization is spatially  associated with the  quartz veinlets but also is disseminated within the altered rock. Stockwork gold mineralization is known at the La Puerta and Inmaculada areas hosted within the Lower Andesite, and in quartz sandstones at Santa Felicita associated with hydrothermal breccia. Gold mineralization of stockwork type is typically accompanied by arsenic anomalism, believed to be arsenopyrite and/or arsenian pyrite but now oxidized at surface. Silver mineralization is typically low in the stockwork (Ag:Au ratio typically <5:1), while base metals (copper, lead, zinc) are weak to not anomalous.

See Section 7.4 for a detailed description of the stockwork gold mineralization at each of the target areas.

Quartz veins containing silver - gold - base metal mineralization occur throughout the property, and are concentrated in the Edelmira area where a swarm of sub-parallel veins have been worked in the past as small-scale artisanal mines. The Edelmira veins are <1m to 4m across, and contain up to 10 volume %  sulfides including pyrite, galena, sphalerite, stibnite, and various sulfosalts of silver-lead (including bournonite) and silver-bismuth minerals. The veins at Edelmira are also highly anomalous in mercury (Hg).

Copper mineralization associated with elevated levels of tin occurs in some of the quartz veins at the western end of the Edelmira area. The copper mineralization is due to the presence of copper-silver-zinc sulfosalt minerals, including polybasite. Minor tin mineralization occurs as stannite.

See Section 7.4 for a detailed description of the quartz-sulfide vein mineralization at each of the target areas.

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Figure 7. Gold Geochemistry Map

25

Figure 8. Silver Geochemistry Map

26

Figure 9. Copper Geochemistry Map

27

Figure 10. Zinc Geochemistry Map

28

Figure 11. Suriloma Target Map

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Sulfides are rarely seen in outcrops at La Puerta. ‘Boxwork’ textures reflect the surface weathering and oxidation of sulfide minerals.

The average grade of all 309 channel samples at La Puerta is 0.90 g/t gold (ranging from <0.005 to 12.8 g/t Au) and 15 g/t silver (ranging from <0.2 to 171 g/t Ag), including samples which are unmineralized. There is a strong positive correlation between gold and arsenic in general. The average arsenic value in the channel samples from La Puerta is 3,950ppm arsenic. Other gold pathfinder metals such as antimony, barium, and mercury are mildly anomalous at the La Puerta area (average of 365ppm Sb, 157ppm Ba, 1.5ppm Hg). Base metals such as copper, lead, and zinc are considered weak to not anomalous in the La Puerta channel samples as a whole (average 22ppm Cu, 125ppm Pb, 128ppm Zn).

Plate 1. Stockwork mineralization at the La Puerta area

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Plate2. Stockwork at La Puerta showing veinlets trending 060 degrees with associated argillic hydrothermal alteration

A silver - gold - stibnite (- base metal) quartz vein between 1m to 3m wide outcrops at La Puerta trending northwest-southeast over 400m strike length. This vein was exploited for stibnite at a small scale during  the 1970s. The vein is discordant to the stockwork mineralization, and is interpreted by the author to pre- date the stockwork mineralization. The quartz vein has a number of old artisanal workings developed along it, and contains up to 10 volume % sulfide (including pyrite, arsenopyrite, stibnite, sphalerite, galena, and marcasite) encapsulated in the quartz. Antimony occurs as coarse-grained stibnite. Sulfosalt minerals were not observed. Highlights of the silver - gold – antimony – base metal channel results are shown in Table 4.

Table 4. Significant channel results from the La Puerta gold – silver – base metal quartz vein

A sericite alteration halo several metres wide occurs with a bright bottle-green clay mineral that is possibly paragonite.

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The Santa Felicita area is prospective for stockwork gold mineralization hosted by quartz sandstones of the Goyllarisguizga Group. Exploration to date is preliminary, with only 30 surface samples approximately collected. Mineralization occurs at about 3,200 metres elevation. A photograph of hydrothermal breccia containing gold mineralization with strong sericite alteration in the sandstone is shown in Plate 3. These samples are also anomalous in arsenic, and appear to have similar geochemistry to the stockwork samples from La Puerta, including low values of silver and base metals.

Plate 3. Hydrothermal breccia in quartz sandstone at Santa Felicita. The outcrop returned 4.4 g/t gold.

Silver - gold - base metal quartz veins also occur in Dacite and Lower Andesite at Santa Felicita. Channel samples grade up to 261 g/t silver and 0.1 g/t gold over 2 metres in this area.

The Surupampa area is prospective for high-grade gold-silver vein mineralization cutting the Lower Andesite. A total of 23 rock samples have been collected to date from outcropping veins.  The highest  grade gold sample on the property taken by Darwin was at Surupampa returning 0.3m @ 132 g/t gold and 45 g/t silver (average of original sample and field duplicate) from an oxidised quartz vein outcrop in a road cut. Most of the other samples collected from this area are anomalous in gold ranging from 0.1 to 1.4g/t gold.

A small artisanal mine is currently active in one location in the Surupampa area.

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The Inmaculada area is prospective for gold, located about 1km west of La Puerta. Gold mineralization is hosted by the Lower Andesite. Only reconnaissance exploration has been carried out to date.

The Inmaculada stockwork is exposed over 400m of strike length in outcrops up to 5m wide. The structure consists of gossanous quartz stockwork with argillic alteration. Small old mine workings have been developed on the structure at two locations. Eleven channel and dump samples average 3.44 g/t gold (ranging from 0.005 to 11.9 g/t Au) and 17 g/t silver (ranging from 0.4 to 122 g/t Ag).

A narrow quartz-sulfide vein less than 1 metre wide cuts siltstone at Mina Leje – see Plate 4. It is currently being exploited by a small number of artisanal miners. A channel sample 0.15m across returned 10.2 g/t gold and 269 g/t silver. The Mina Leje quartz vein contains significant pyrite and arsenopyrite (>20% by volume). Further work is required to determine if bulk mineable mineralization may exist.

Plate 4. Mina Leje area showing current artisanal mine working developed on the vein

The Edelmira area is prospective for silver- gold -base metal mineralization associated with a swarm of sub- parallel quartz veins striking approximately east-west. The veins outcrop discontinuously over several hundred metres, are south-dipping at between 45 and 75 degrees, and range from <1 to 4 metres wide. The veins are hosted within the Dacite and Upper Andesite units. The veins are exposed over 300m of vertical relief from 3500 to 3800m elevation – see channel sample map of Edelmira in Figure 13.

The veins at Edelmira are characterized by sulfide minerals which make up about 10% of the veins by volume in quartz gangue. Sulfide minerals are exposed in mine dumps or in shallow workings and include pyrite, sphalerite, galena, stibnite, various sulfosalts including bournonite (a Cu-Pb-Sb-S mineral) and polybasite (a Cu-Zn-Ag-Sb-S mineral). Silver also occurs with complex bismuth - antimony sulfosalt minerals identified in mineral studies (see Section 9.4). The gangue consists of quartz with minor manganese oxide,

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possibly after Mn-carbonate. The quartz is crystalline and drusy. Bladed quartz “lattice” texture is common in samples, interpreted as a replacement of original bladed calcite.

Seven sub-parallel vein structures have been mapped and sampled by the Darwin geological team at Edelmira. The names used for the veins are those used in old reports (e.g., Banco Minero, 1982) – see Figure 13. Alteration halos around the veins consisting of sericite alteration which can extend up to 15 metres either side of the vein in the widest of cases, although the alteration zones appear weakly mineralized.

A total of 112 channel samples have been collected by Darwin at Edelmira – Figure 13. The highlights of the channel sampling are presented in Table 5. Approximately 50 rock samples were collected from old mine dumps and outcrops, these results are included in the Appendix 2.

The most important veins are the Giuliana vein exposed over approximately 1.5km of strike, the Petronila- Rocio, Judith, and the Anita vein exposed for about 1km of strike. A typical outcrop of Giuliana vein is shown in Plate 5. The Giuliana, Petronila and Judith samples are predominantly channel samples taken perpendicular to strike from inside the old workings which have exposed sulfides. The Anita samples are from oxidised surface outcrops or oxidised mineralization in small shallow workings.

Table 5. Significant channel results of the silver - gold - base metal veins at Edelmira

The Petronila-Rocio vein contains copper mineralization associated with the sulfosalt minerals polybasite and bournonite. Copper is positively correlated with tin (Sn), with samples grading up to 0.045% Sn – see Table 5. The tin mineral has been identified as stannite (a sulfide of tin). The high levels of copper and tin indicate relatively hot formation temperatures for these veins, and suggest a mineralizing intrusion is nearby.

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Plate 5. Outcrop of the Giuliana vein dipping 60 degrees southwards, Edelmira area

The Guadalupe vein occurs 1.5km south of the La Puerta area along a sub-parallel structure that is poorly exposed. Colloform banded quartz float occurs over a strike length of approximately 400 metres. Ten samples of the Guadalupe vein contain anomalous to high levels of silver averaging 68 g/t Ag (ranging from

0.2 to 409 g/t Ag) while gold values average 0.04 g/t Au (ranging from 0.008 to 0.16 g/t Au).

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Hydrothermal alteration associated with quartz stockwork is typically argillic (i.e., clay dominant) with minor silicification in areas of intense stockwork veining. The argillic alteration may extend several metres into the unmineralized host rock, while the clay mineralogy changes with decreasing distance from the mineralization.

Clay minerals were identified in 20 channel samples from La Puerta using a Terraspec Portable Infrared Mineral Analyzer (PIMA) (Ligarda, 2013) in samples independently analysed for gold – see Table 6. The dominant clays at La Puerta based on the PIMA results are illite, montmorillonite (either smectite or mixed- layer illite-smectite), kaolinite, minor dickite and paragonite (a sodium muscovite). Mixed-layer illite- smectite clays, if present, were not able to be distinguished from the end member clays in the PIMA analysis. The predominant clays analysed in the PIMA at La Puerta are shown in Figure 14.

Illite-predominant samples are generally associated with higher-grade gold mineralization in the quartz stockwork (Table 6, Figure 14). Montmorillonite is the other most common clay mineral  identified.  Samples that contain predominantly montmorillonite without illite have low gold values, and are generally located beyond the stockwork in relatively impermeable, weakly mineralized areas.

Other clays present in the PIMA analyses include kaolinite, dickite, and paragonite. Kaolinite is interpreted as a low-temperature supergene alteration overprint. Dickite occurs in a few samples commonly with illite, and likely formed at higher temperatures associated with the epithermal mineralization at La Puerta. Chlorite and minor calcite are present as a propylitic alteration halo at the La Puerta area, but chlorite was not identified in the PIMA study.

Illite is known to form above about 160 °C in active geothermal systems of New Zealand (Ji and Browne, 2000). On the other hand, montmorillonite (smectite) and mixed-layer illite-smectite clays form between 100 and 200 °C in geothermal systems (Harvey and Browne, 1991). Hence samples containing illite and montmorillonite at La Puerta are interpreted to have formed in the epithermal temperature range of about 160-200 °C. The montmorillonite samples (without illite) were likely formed at lower temperatures on the edge of the system, consistent with the lower gold grades.

Table 6. PIMA results of clay minerals from samples at Suriloma ranked in decreasing abundance (Ligarda, 2013)

SAMPLE

AreaMineral 1Mineral 2Mineral 3Mineral 4Style 

Gold g/t

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Hydrothermal alteration associated with silver - gold - base metal quartz veins is sericite dominant. Sericitic alteration haloes occur up to a few metres from the veins, with the intensity of alteration diminishing with distance from the vein.

Muscovite (a well-crystallized version of sericite) was confirmed by PIMA results in three samples from Edelmira and La Puerta. The sericite (muscovite) is interpreted to have formed at a higher temperature than illite alteration areas associated with the stockwork mineralization consistent with fluid inclusion evidence (see Section 9.5).

At this early stage in the exploration, the structural controls to the gold and silver mineralization at Suriloma are poorly known. The Company’s interpretations of the structural controls are largely  conceptual.

The main structural features are faults that trend WNW-ESE and E-W. These faults are believed to have been the main pathways for the mineralizing gold-silver bearing fluids at Suriloma. These faults are interpreted as transpressional structures (or ‘thrust’ faults) along which hydrothermal fluids have permeated and deposited gold by processes including hydrothermal brecciation, boiling, and mixing with cooler fluids. Areas where the structures have widened to disseminated zones with abundant quartz stockwork veinlets (e.g. La Puerta) are interpreted as dilational fault bends (or ‘jogs’) where hydrothermal activity has been concentrated.

Another important consideration is that the geological contact between Mesozoic sedimentary rocks and the Tertiary volcanic rocks was an important reactive boundary for precious metal hydrothermal fluids. The strongest mineralization to date occurs in the rocks that straddle the regional sediment – volcanic boundary (e.g., Lagunas Norte, La Arena).

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The region of northern Peru has several world-class epithermal gold deposits largely discovered during the last 20 years. Epithermal deposits in northern Peru include Yanacocha (70 Moz gold endowment – Teal and Benavides, 2010), Lagunas Norte (14 Moz Au – Barrick Gold Corporation, 2011), La Arena (6 Moz – Rio Alto website, 2013) and Pierina (10 Moz Au). The Fruta del Norte gold deposit (6.1 Moz Au & 10 Moz Ag - Henderson, 2009) lies in southeastern Ecuador.

In general, epithermal deposits are formed within 1km of the surface, with or without the association with magmas, and typically accompanied by fracturing of the host rocks (e.g. Hedenquist and Henley, 1985; Henley, 1985). The classification of epithermal deposits favored by this author is a subdivision into high-, intermediate-, and low sulfidation types based on the sulfide minerals present (after Sillitoe and Hedenquist, 2003). High sulfidation deposits are typically located close to the tops of volcanic centres where they are hosted within the volcanic rocks themselves (e.g., Yanacocha, Pierina) or by Mesozoic sedimentary rocks typically quartzites (e.g., Lagunas Norte, La Arena). Gold mineralization in high sulfidation deposits in this region is typically associated with vuggy silica alteration (Navarro, 2007). This style of alteration is not observed at Suriloma.

Low sulfidation vein deposits occur with banded chalcedonic quartz and sometime with K-feldspar (adularia) and calcite (Sillitoe and Hedenquist, 2003). Economic vein deposits are typically of a low overall tonnage but can contain bonanza grade ore. Sulfide content of the ores is dominated by pyrite-marcasite and is typically less than 2 volume % (Sillitoe, 1993). This style of mineralization does not occur at Suriloma. A nearby low sulfidation occurrence at Urumalqui about 30km south of Suriloma has an Inferred Mineral Resource of 1.9 Mt tonnes grading 171 g/t Ag and 1.38 g/t Au (Kaye et al., 2011).

The gold stockwork and sulfide vein mineralization at Suriloma is typical of many characteristics of the intermediate sulfidation deposit type. Characteristics of these deposits are discussed in more detail below.

In Peru, intermediate sulfidation deposits include Shahuindo (4 Moz Au + 70 Moz Ag – Sulliden Gold Corporation, 2012) located 50km north of Suriloma in the Department of Cajamarca, while the old mining district of Salpo (estimated 1 Moz Au + 100 Moz Ag mined - Hollister and Entwistle, 1977) is located 20km south of Suriloma in the Department of La Libertad. These deposit types are characterised by quartz - carbonate veins and stockworks with sulfides of an intermediate sulfidation state occurring with base metals. Sulfide minerals include sulfosalts of antimony and/or arsenic (e.g., tetrahedrite-tennantite), together with galena, sphalerite, and minor chalcopyrite (Sillitoe and Hedenquist, 2003). Arsenopyrite may also occur. The deposits show a range of precious metal - base metal ratios, from very low base metal content to silver - base metal and base metal - silver deposits (Albinson et al., 2001). The quartz veins are typically crystalline and can include manganese - bearing carbonates and silicates (Sillitoe, 1993). Some intermediate sulfidation deposits show a spatial association with porphyry gold or copper systems, for example in the Hualgayoc Department of Cajamarca, Peru.

Other regional intermediate sulfidation deposits include the Quiruvilca silver district, located 33km east of Suriloma, an old mine exploited by the early Spanish miners. The Tres Cruces gold prospect located 5km from Quiruvilca is an intermediate sulfidation epithermal gold system hosted by hydrothermal breccias, quartz stockworks and disseminations within volcanic rocks and intrusions (Heyl and Livingstone, 1999).

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A generalized geological model for Suriloma is shown in Figure 15. The model infers that intermediate sulfidation mineralization occurred beneath an argillic ‘lithocap’, but above and to the side of a buried intrusion yet to be identified. The argillic lithocap at Suriloma is interpreted to have largely been eroded.

Figure 15. Genetic model for Suriloma mineralization (modified from Sillitoe, 2010)

Exploration by Darwin Resources Corp at Suriloma has included geological mapping and surface sampling, gold metallurgical tests of surface samples from La Puerta, mineralogical studies, PIMA clay analyses, and fluid inclusion studies of vein samples. These activities are described below.

Mapping has been carried out over most of the property by Darwin geologists at a scale of 1:5,000. A geological map of the property is presented in Figure 5. The geology is described in section 7.2.

A total number of 578 rock surface samples have been collected from outcrops and old mine dumps at the property by the Darwin team. Of these samples, a total of 463 are channel samples, 49 are non-selective outcrop rock chip samples, 37 are selective rock chip samples, 24 are mine dump or stockpile samples, and 5 are float samples. The sample types are described below.

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Quality control samples were inserted at random into the batches that went to the laboratory for assay. Quality control samples represent 49 samples, or 7.8% of the Suriloma geochemical database. Field duplicates represent 13 samples in the database. Known standards in the database are 24  in number.  Blank samples were 12 in number.

‘Channel’ samples are the most reliable sample types taken because they are considered representative of the in situ mineralization over a specified continuous outcrop interval, using a hammer and chisel. Each sample was typically 2m in length, up to 0.3m in depth (depending on depth of soil cover), and collected approximately perpendicular to the dominant vein direction. Channel sampling was restricted to surface exposures where there is little or no soil cover, in cases where soil cover was greater than about 0.3m thick no sample was taken. Whenever possible, channel samples were collected continuously without interruption over intervals of metres to tens of metres, however in most cases channel samples are interrupted due to the presence of deep soil. Channel samples represent approximately 80% of  the samples collected by Darwin at Suriloma.

‘Rock chip’ or ‘outcrop’ samples are either selective or non-selective samples taken at random or over semi-continuous intervals over outcrop widths of <1 to 5m across. These samples are believed to be generally indicative of the outcrop, but are not considered as representative as channel samples. These represent approximately 15% of the samples in the database.

‘Dump’ samples are selective rocks taken from mine dumps or stockpiles, so the exact location of the in situ mineralization may not be known. These samples can be highly selective, so do not necessarily represent the typical grades of the mineralized rock but could be ‘high-graded’. These samples represent approximately 4% of the samples collected.

‘Float’ samples are rock samples that are not in situ and may be transported a distance (often unknown) to the place of sampling. These samples represent less than 1% of the total samples taken.

Results of surface rock chip and channel sampling at each of the target areas are described in Section 7.4.

A bottle-roll leach metallurgical test was carried out on a composite sample from a 10m-long continuous channel sample from the La Puerta area at Certimin SA Lima. See Section 13 for details of these results.

A petrographic study of two vein samples from La Puerta was carried out by Geo Services Alberto Aranda

E.I.R.L (Aranda, 2012). The aim was to identify the sulfide minerals in samples from the principal quartz - sulfide vein from the La Puerta area. Sulfides recognised were stibnite, arsenopyrite, sphalerite, galena, pyrite, and marcasite (in order of decreasing abundance). Coarse grained stibnite was recognized as a late sulfide phase replacing sphalerite.

An additional petrographic study was made of two samples by Panda Geoscience Ltd (White, 2012) comprising of quartz vein material from La Puerta, and a quartz - sulfide vein from Edelmira (the Petronila

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vein). The La Puerta stockwork sample contained arsenopyrite overgrowing pyrite in a quartz vein, with rare sphalerite. No other sulfides were recognized.

The Petronila vein quartz-sulfide sample contained a number of intergrown sulfide species, several of which were unidentified by petrographic analysis. The sample was then sent for analysis on the JEOL 8600 electron microprobe at Otago University New Zealand. Sulfide minerals identified using a qualitative technique on the microprobe were pyrite, galena, bournonite (Cu-Pb-Sb sulfosalt), polybasite (Cu-Zn-Ag-Sb sulfosalt), stannite (tin sulfide), sphalerite, and several complex silver – bismuth sulfosalts.

Samples of two vein specimens from La Puerta and Edelmira were submitted to Panda Geoscience Ltd, Auckland New Zealand, to determine formation temperatures of the veins (White, 2012). Thin sections of the samples where doubly polished to 0.2mm thick. The fluid inclusion samples were the same samples sent for microprobe analysis.

Fluid inclusion homogenization temperatures from 9 individual primary fluid inclusions in the Edelmira sample were found to cover a wide range of temperatures from 164-281°C, in some cases reflecting variable liquid to vapor ratios in these inclusions – see Plate 6. The median homogenization temperature was 196°C. The inclusions were interpreted by Panda Geoscience to have trapped two-phase (i.e., boiling) fluids during the formation of the quartz veins, in which case those inclusions may have been trapped at about 200°C. Evidence of boiling in fluid inclusions during vein formation is consistent with other boiling evidence (including ‘lattice texture’ where quartz has replaced bladed calcite). The high temperature samples may also have recorded a higher temperature event.

The same Edelmira sample was analysed by BISA Laboratory Lima for fluid inclusion heating and freezing measurements, and found homogenization temperatures in 26 inclusions ranging from 282-350°C, while freezing measurements found salinities of around 10 weight % NaCl equivalent.

The differences in the homogenization temperatures and textures are interpreted as evidence of two distinct hydrothermal stages in the mineralization at Suriloma; a high temperature 250-300°C stage, and a lower temperature 160-200°C stage.

The author interprets that silver - gold - base metal quartz vein mineralization was associated with high temperature fluids at 250-300°C. A later, lower temperature epithermal stage associated with boiling fluids at around 200°C overprinted the high temperature stage at both Edelmira and La Puerta. This interpretation is consistent with the sulfide mineralogy in the veins (i.e., dominated by silver and base metals), which most likely formed under relatively high formation temperature conditions, and PIMA clay analyses from the stockwork mineralization at La Puerta indicating lower epithermal temperatures of around 160-200°C.

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Plate 6. Photomicrograph of primary 2-phase fluid inclusions from Edelmira – field of view 0.25mm.

No drilling has been carried out at the Suriloma property by Darwin or any previous explorer. It is the Company’s intention to begin a drill program at La Puerta by calendar Q2 2013. Access agreements have been signed by landholders and drill permits are pending.

An initial drill program of 2,000m in approximately 12 diamond drill holes (minimum 150m drill hole depths) is recommended. This proposed program is discussed in more detail under Recommendations (Section 26).

Rock samples of surface outcrops collected in the field were generally 2.5-3.5 kg each. The geology of each sample is described by a Company geologist, UTM coordinates are noted, samples are bagged and labelled, and a batch of samples is then sent by 3^rd party transport to Lima. Sample preparation and assaying of all samples was conducted by Certimin S.A., an independent commercial laboratory in Lima, Peru, using certified standards and approved methodologies.

Certimin is an ISO 9001:2008 accredited laboratory, having received ISO 17025 accreditations for specific laboratory procedures with the Canadian Association for Laboratory Accreditation Inc. (CALA). As part of their ISO 17025 accreditation, Certimin participate in a number of international proficiency tests, such as those managed by CANMET and Geostats. Both of these agencies circulate samples for analysis twice a  year and evaluate the performance of participating laboratories.

The sample preparation used for all rock samples is method G0640. Samples are heated to 60°C to remove moisture, then dried. The entire sample is then crushed using a primary crusher (100% sample reduced to 6mm or less) and then a secondary crusher (100% sample reduced to 1.7mm or 10 mesh). The sample is then 1/8 split to approximately 400g and pulverised to approximately 90% passing 75 microns (200 mesh)

46

for geochemical analyses and stored (“pulps”). The 7/8 sample reject is stored in the original sample  bag for a period of at least 3 months (“coarse rejects”).

Gold was analysed by fire assay at Certimin using a 50g aliquot with an atomic absorption finish (method G0107). If the grade of the sample supersedes 10g/t Au, the sample is re-assayed with a gravimetric finish (method G0014). Silver and other trace and major element analyses were carried out using ICP-AES using an aqua regia digestion (method G0146). Over limits for silver (>100 ppm) were fire assayed with a gravimetric finish (method G0001). Over limits for copper, lead, zinc, arsenic and antimony (>1% for each) were re-assayed with an AAS finish (methods G0038, G0076, G0387, G0342, and G0086 respectively). Mercury was analyzed by AAS-FIMS with aqua regia digestion using the cold vapor technique (method G0137).

The author has reviewed all the documents, assay results, plans and sections prepared by the Darwin geological team. Thirteen days were spent by the author in the field examining surface geology, observing the sampling process, assisting with sample collection and mapping, and reviewing maps prepared by Darwin geologists on the Suriloma project.

The digital data available to the author consists of geochemical assays and geological maps. These data are believed by the author to be authentic and of good quality. Observations made by the author on site corroborate with the data that has been presented by Darwin’s geologists. The author has seen the original digital files from Certimin, and has compared these files to the database provided by Darwin with no differences noted. Although digital data can be subject to modification by anyone who has access to it or the motivation to do so, the author believes that any manipulation of the data is highly improbable.

The author made a visit to Certimin on 26 June 2012, and was provided a tour of the sample preparation, gold fire assay and ICP analytical facilities. Based on these observations author believes that the Certimin laboratory is a high class commercial laboratory that meets world standards.

Darwin has implemented a system of quality control of samples sent to Certimin Laboratory, including the insertion of known standards and field duplicates into each batch submitted. The total of samples and Darwin control samples sent to the laboratory are shown in Table 7 below. Results of field duplicates, standards and blank samples inserted into the sample batches are presented below. These results indicate that the quality of the results are within limits of acceptable errors for all sample types, and provide confidence in the validity of results obtained.

The results of the quality control samples are considered acceptable, within analytical variation.

Table 7. Suriloma geochemical samples and Quality Control samples

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Field duplicates were inserted into all batches of samples sent to the laboratory. The results of the field duplicates are shown for gold and silver in Figure 16. In general, the correlation between the original sample and the duplicate sample analyses are extremely high for both gold and silver. Two of the 13 duplicate samples are beyond the 20% differential. This difference may be a function of sampling variability in the field rather than variability at the laboratory.

A total of 10 blank samples were inserted into the sample batches. Gold analyses of the blanks are presented graphically in Figure 17. The results are considered acceptable.

A total of 22 internal standard samples were inserted by Darwin into the sample batches sent to the laboratory, with three different standards used (OREAS 52c, OREAS 54Pa, OREAS 62d). The results for gold are presented graphically in Figure 18. Assay results from Certimin are within 1-2 standard deviations of the mean, and are considered acceptable.

Figure 16. Graphic of field duplicates with results of gold and silver

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Figure 17. Graphic of blank samples for gold

STANDARD: OREAS 22b (BLANK)

Limite < 25 ppb Au

50

40

30

20

Au ppb

Limite Au

10

0

-10

SAMPLES

Au ppb

Figure 18. Graphic of gold standard samples inserted by Darwin

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A bottle-roll gold leach test was carried out at Certimin using a composite sample from a 10 metre continuous channel sample of outcropping quartz stockwork mineralization from the La Puerta area (Certimin, 2013). The sample is considered typical of the grade of the outcropping oxidized mineralization. The composite sample was made up of five 2m continuous samples each weighing about 3.2 kg. A 2.2 kg subsample of each original sample was split, homogenized and combined into a single 11kg bulk sample for leach testing. The head-grade of the bulk sample was 1.485 g/t Au.

Two cyanide leach bottle roll tests were carried out over a 72 hour period on a 1.5kg sample split, using a 100% minus 1.7mm size fraction, and a 90% minus 75 micron size fraction. The cyanide concentration used was 500ppm NaCN, with a pH of 10.5 and 11. The gold extraction tests, summarized in Table 8, recovered 90.7% of the total gold in both samples, indicating the vast majority of the gold in these outcrops is leachable while the cyanide consumption was low.

Table 8. Summary of gold extraction results from metallurgical leach tests

A 90.7% gold recuperation level in this initial test of surface mineralization is considered highly encouraging. It is noted that Mineral Reserves or Resources have not been defined at Suriloma, and that the preliminary gold extraction test results from surface outcrops are not necessarily representative of gold mineralization in the sub-surface. More metallurgical testing is recommended once drill core is available.

At this time, there are no known Mineral Resource estimates or Mineral Reserves on the Suriloma property.

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Not applicable to this report.

Not applicable to this report.

Not applicable to this report.

Not applicable to this report.

Not applicable to this report.

A Declaration of Environmental Impact (DIA) for stage 1 drilling allowing a program of up to 12 drill platforms at the La Puerta area, was submitted to the relevant authorities in Peru in early February 2013. Permits are pending as of the date of this report.

Landholder access agreements have been signed with landholders at the La Puerta area to enable this drill program to be completed.

Not applicable to this report.

Not applicable to this report.

Not applicable to this report.

There is no other current data or information that is applicable to this property or the report.

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The Suriloma gold-silver property is situated on a regional east-west trending geological structure in a highly prospective region of northern Peru, within 50km of several multi-million ounce gold deposits including Lagunas Norte, La Arena and Shahuindo. Seven target areas have been identified by Darwin Resources Corp. for gold and silver potential at the property. It is the author’s belief that these targets are significantly under-explored.

Two styles of intermediate sulfidation mineralization have been identified at Suriloma: (1) epithermal stockwork gold mineralization and (2) silver-gold-base metal quartz veins. The principal initial exploration target for Darwin is the stockwork gold epithermal mineralization at the La Puerta area.

La Puerta has the potential to host a large, low grade, gold deposit based on the surface results.  In outcrops strong oxide gold mineralization is exposed over a strike length of at about 1000 metres, and over widths of about 50 metres. The contact between volcanic and Mesozoic sedimentary rocks is interpreted  to be 200-250 metres below the surface, and it is believed that the underlying sediments could also host gold mineralization. The base of the initial prospective target, therefore, is 200 to 250 metres, however the prospective target could potentially extend much deeper – see Figure 19 for a conceptual model.

Oxide gold mineralization at surface appears to have favourable cyanide leach characteristics based on preliminary metallurgical test work with a head grade of 1.5 g/t gold. However, more detailed metallurgical testing is needed once drill core is available to test gold recoveries from sub-surface samples.

Figure 19. Conceptual model for stockwork epithermal mineralization at La Puerta

The stockwork and hydrothermal breccia zones at Santa Felicita require further exploration including mapping and sampling, to determine the full potential of this area prior to drilling. The bonanza grade gold

- silver veins at Surupampa also offer high-grade bonanza potential.

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Silver - gold - base metal quartz veins at Suriloma offer additional potential but at this stage should be lower in priority. The presence of base metal mineralization in veins including copper and tin at Edelmira points to a higher temperature mineralizing source, possibly a nearby porphyry intrusion.

Recommendations of future work are as follows:

The Company should carry out a 2,000 metre diamond drill program at La Puerta to test oxide stockwork gold mineralization to at least 150m depth in a minimum of 12 drill holes along the central part of the prospect – see Figure 20; 

Metallurgical test work is required to determine gold recovery from drill cores; 

Geophysical exploration at La Puerta is recommended, including Induced Polarization and magnetics, to assist in the targeting deep drill holes; 

Proper ealuation of the sediment hosted gold at Santa Felicita and bonanza veins at Surupampa ; 

Pending success in the initial drill holes, expansion of any drill program should occur accordingly. 

A proposed initial drill program to test the La Puerta area was submitted to the appropriate authorities in Peru in February 2013, with the Environmental Impact Statement (DIA). The proposed drill program is shown in Figure 20. The author supports the initial drill program and proposed budget.

As of the end of November 2012, a total of $129,423 had been spent by Darwin at Suriloma and capitalized on the Company’s books. This value does not include amounts paid for mineral concession acquisitions or option payments to purchase any mining concessions.

The proposed budget for the initial drilling program of 2,000 metres is presented in Table 9.

Table 9. Budget ($US) for Initial Drill Program at La Puerta

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Appendix 1. Geochemical maps of Suriloma including arsenic, antimony, mercury, bismuth, lead, tin.

Appendix 2. Darwin Resources Corp. Rockchip Geochemical Database

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