Located in the Kuskokwim Gold district of western Alaska, Iliamna is a copper-gold porphyry target with immense size potential. Geocom can earn a net 52.5% interest in the project by making certain expenditures on the property, a majority of which has already been expended. In 2003, Geocom drilled two discovery holes that intersected highly anomalous gold and copper in intrusive and metamorphic rocks. The geologic environment encountered and style of mineralization are indicative of a gold-enriched porphyry copper deposit, similar to the Pebble deposit, presently undergoing development fifty miles to the east of Iliamna. The Pebble deposit contains, at last count, 26.5 million ounces of gold and 16.5 billion pounds of copper. If a similar deposit were delineated at Iliamna, the impact on Geocom's asset value would be significant.

As of May 2004, the Company conducted detailed geophysical studies as preparation for extensive continued drilling in August 2004.

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Originally held as a mineral reserve by the Argentine government, La Carolina was acquired by joint venture agreement. Located in the San Luis Province, in northwest Argentina, the project is accessible via paved road and can be operated year round. Geocom can earn a 75% net interest in the project by exploring and developing the multiple targets presently existing on the project. Several holes drilled in the early 1980's encountered potentially economic gold over mineable widths, but were never followed by additional exploration. Because the project potential was restricted by its mineral reserve status, little modern work has been conducted. Recent work by Geocom has delineated numerous gold targets in addition to the known anomalies, and it is expected that other targets yet to be identified will serve to provide a million ounce plus property potential for gold.

The results of field programs in 2003 and early 2004 have resulted in solid confirmation of existing known gold targets, and the delineation of four new gold targets not found during previous exploration. As at June 24, 2004 four diamond drill holes were completed. Visual inspection of core confirms the Company's structural analysis of ore occurrence. Mineralization appears to be hosted by large, regional shear zones, providing significant gold resource potential.

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Located in Zapallar mining district of northern Chile, Geocom staked and owns 100% of the Santa Rosa property, which was previously held by Lac Minerals. Numerous small mines and prospects cover the project, including large zones of mineralized and silicified breccias. Copper and gold are anomalous in multiple target zones, which the company is presently developing to drill stage. Rock chip sample results range up to 3.12ppm gold, 45.4ppm silver, 7700ppm copper, and significant lead and zinc.

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Located also in the Zapallar district, the Marcelita property was staked by the Company to cover an area of intensely altered volcanic rocks in a complex geologic setting involving multiple mineralizing events. Copper and gold are contained in hydrothermal breccias, quartz-tourmaline breccias, and other settings potentially indicative of a high-level porphyry copper deposit. Gold values in samples range up to 1.97ppm and copper grades up to 4.2%. The Company plans to finish mapping and sampling, followed by a drill program in late 2004.

In early 2005, the Company successfully concluded lengthy negotiations to acquire the right to earn a majority interest in a large land position covering two former producing gold mines, the Merceditas and the Chululera, plus district-scale exploration potential.,. Additionally, the property has extensive prospect activity, ranging from small trenches and pits to several small adits and substantial glory holes. Despite its previous production history and evidence of widespread gold occurrences, the property has been only casually explored by mining companies like Amax, Rio Tinto, Rio Algom, and Chevron, and has not been subjected to detailed evaluation or drilling.

Gold mineralization at Escorpion occurs within a regional and wide north-northeast-trending shear zone that appears to localize many phases of intrusive rocks (as dikes, sills, and small intrusive bodies) hosted by sedimentary and volcanic rocks. The entire complex has been subjected to multiple hydrothermal events involving silicification, sulfide emplacement, argillic alteration, intense limonitic alteration, and widespread quartz stockworks. Gold has a strong association with silver, arsenic, antimony, lead, cadmium, and molybdenum. In the Chululera area, previous samples have returned gold values averaging 4.23 grams per tonne (0.124 ounces per ton) with high-grade values to 15.10 grams per tonne (0.44 ounces per ton) in a 2 to 10 meter thick zone that is 50 meters wide and 200 meters long (6.5 to 33 feet thick, 164 feet wide by 656 feet in length). At Merceditas, samples collected from workings average 1.46 grams per tonne (0.043 ounces per ton) from a flat lying zone extending 100 m (328 feet) along strike with thicknesses of 40-50meters (131-164 feet). Both zones appear to be open along strike and at depth.

Escorpion is located approximately 318 kilometers (191 miles) north of Santiago, in Region IV of Coquimbo, Chile. The property is situated in the coast ranges of Chile, and is accessible via excellent paved and gravel roads. Numerous dirt roads traverse the majority of the property itself. The Escorpion comprises 159 hectares (about 393 acres), covering nearly 5 square kilometers (about 1.8 square miles).

The Company is pleased to add Escorpion to its Chile portfolio. Escorpion's bulk tonnage gold potential in an area that is accessible year-round validates our continued emphasis on Chile as a premier venue for gold and copper exploration and timely development to production. Furthermore, this property, terms of agreement, and our partner fit with our strategy to acquire and develop high quality exploration properties while developing partnerships capable of taking a property to production.

Field exploration has been initiated with the intent to prepare the project for drilling in mid 2005.

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The Company staked six claims that provide a 100% interest in 680 hectares (1,680 acres) in northern Chile that comprise the Cucaracha Project. Geocom personnel staked the claims to cover several sediment hosted copper and gold occurrences.

Sedimentary rocks host copper and gold mineralization where favorable strata are intruded by an igneous pluton. Small mines are developed in stratabound gold-copper mineralized horizons and within intrusive hosted veins and stockwork.

The project is accessible via paved roads, and can be operated year round. The Company is presently negotiating acquisition of additional contiguous lands with local claim owners. Upon consolidation of the land package, a multi-disciplinary exploration program will be implemented to evaluate existing targets and to delineate concealed targets.

Rock samples collected by Geocom geologists reported gold values up to 3.19 grams per tonne and copper values up to 1.63% within contact metamorphosed sedimentary rocks. Rock chip samples from stockwork and veins in the diorite intrusive yield gold values up to 1.74 grams per tonne. Only a small area of the sedimentary strata and intrusive rocks has been prospected. Geocom geologists consider the property to have excellent exploration potential on a district-level scale for bulk mineable gold as well as copper deposits.

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Geocom maintains an active program of property identification and acquisition in Chile and Argentina, Nevada and Alaska, and elsewhere in the world, based on the premise of prospective geology, exploration potential, security of tenure, and interest of major mining companies in the areas where Geocom works.

Management believes that the Iliamna project represents a new discovery in Alaska. The success at the nearby Pebble deposit is a template for the continuing exploration and development of the Iliamna project. The development of the La Carolina project in Argentina represents the potential to build a multi-million ounce gold project that would be of interest to a major mining company. The Company elected to enter Chile and establish development programs before the recent runup in gold and copper prices. The acquisition of three high-potential projects, coupled with an active exploration and acquisition program, provide the basis for development of a substantial base metal and precious metal property portfolio in an area that will gain substantial and strategic importance as the Asian markets develop and require additional raw materials.