Bolivar Goldfields has signed a toll processing agreement to process 7,500 tonnes of tailings located on mining
concession LF8-16171, located in the jurisdiction of San Martin de Loba, Department of Bolivar, Colombia.
In addition, Bolivar Goldfields will provide financing to rehabilitate three mines and to construct a 60 tonne/day beneficiary
plant on the concession. In consideration of providing this financing at competitive interest rates, Bolivar Goldfields
will receive a life of mine production toll processing agreement on this concession.