Latin American Expertise
Fortuna's key strength is industry expertise in Latin America. Management's knowledge of regional mining, business practices, exploration, geology and regulatory environments has allowed Fortuna to identify and seize opportunities within the region. We are aggressively pursuing and evaluating further accretive acquisitions throughout the Americas.

Two Key Assets
The 100%-owned Caylloma Ag-Zn-Pb-Cu Mine is located in the mineral-rich Caylloma Mining District in the southern highlands of Arequipa, Peru. It is a high grade epithermal vein system with significant untested potential within its over 10,000 hectare land package. Fortuna operates the mine at over 1,200 tpd and is working on the permitting to further increase throughput to 1,500 tpd. Exploration activities include testing of high grade silver and base metal targets within the Caylloma Mining District and evaluation of surrounding properties to identify opportunities warranting more advanced exploration and development.

The 100% owned San Jose Ag-Au Project is a low sulphidation epithermal system located within the Taviche Mining District located in southern Oaxaca, Mexico. On April 26th, 2010 a positive pre-feasibility study (PFS) was published which sets the basis of construction of the Company's second mine, a 1,500 tpd underground silver-gold mine. The PFS indicates an after-tax internal rate of return of 18% and an NPV of US$ 36 million at a discount rate of 8%. Construction activities have started and are on schedule and budget for completion and commissioning of the mine in the third quarter of 2011. Once in operation at a rate of 1,500 tpd, the San Jose Mine will deliver 5 million silver equivalent ounces annually at a cash cost of US$ 6.20 per ounce.

Rapid Growth
Fortuna is a growth oriented silver and base metal producer focused on mining opportunities in Latin America. Since opening the Caylloma Mine in Peru, The Company has become one of Latin America's fastest-growing silver producers. Our second asset, the San Jose Project, will triple the Company's silver equivalent production when it opens in the third quarter of 2011. We remain focused on our goal of building the foundations of a leading silver miner in Latin America, a region where management holds relevant expertise and experience and where we are pursuing additional accretive acquisition opportunities.