Independent Technical Report 43-101. Magdalena-Tubutama Exploration Concessions / Независимый технический отчет 43-101. Концессии на геологоразведку Магдалена-Тубутама

Bacanora Minerals Ltd. (Bacanora), a Calgary based capital pool company, has agreed to acquire all the shares of Mineramex Limited, which indirectly owns the Magdalena and Tubutama Concessions, as a Qualifying Transaction as defined by the TSX Venture Exchange (the Exchange or TSX-V). MineTech International Limited (MineTech) was commissioned by Bacanora to conduct an independent review of the Magdalena and Tubutama Concessions to meet the TSX-V requirements for the purchase of these Concessions from Mineramex. The Concessions are held by two wholly-owned subsidiaries of Mineramex - Minerales Industriales Tubutama, S.A. de C.V. (MIT), which owns the Tubutama Concessions, and Minera Sonora Borax, S.A. de C.V. (MSB), which owns the Magdalena Concessions. In 2008, the Magdalena Concessions were acquired from Minera Santa Margarita S.A. de C.V. (MSM), a Mexico registered subsidiary of Rio Tinto Group.<...>