On November 23, 2006, Olympus entered into an agreement, subject to completion of due diligence, whereby the Company and Philippine interests associated with the Company can earn a 60% interest in the Capcapo Gold property located in the Northern Philippines.

• 42 sq km Capcapo located within the northern position of the Baguio Mankayan gold district.
• Recorded gold production and existing resources from Baguio Mankayan gold district in excess of 60M oz.

Potential Geological Target Range - 3-7M oz. Au.