some points from the MD&ACatarina Mine Area An additional 140 channel samples were collected from the previously flooded western extension of the main level early in the third quarter. Results are pending. Sampling is also planned for accessible parts of the -50 level. Results are expected to be available by the end of the third quarter of 2013. El Tecolote – Copper Gold Silver The Carmelita vein system has now been traced for over 100 metres along strike at surface where recent sampling returned numerous high-grade gold and silver values including 27.7 g/t gold and 641 g/t silver over 0.7 metres in addition to 24.0 g/t gold and 333 g/t silver over 0.8 metres, 12.5 g/t gold and 512 g/t silver over 0.7 metres and 8.0 g/t gold and 172 g/t silver over 1.1 metres obtained from earlier sampling. A recently completed detailed ground magnetic survey over the Carmelita vein suggests that the structure hosting the vein may have strike length of 550 metres. In the San Eusebio area, the San Eusebio, Veta Grande and Kassandra vein systems have been traced for an aggregate strike length of over one kilometre. Highlights of recent sampling include 5.7 g/t gold and 48 g/t silver over 1.00 metre from the San Eusebio system and 1.9 g/t gold and 21 g/t silver over 6.00 metres from the Veta Grande system. In the La Fundición area, mineralization has been traced for an aggregate strike length of over 1,500 metres in the Asunción-Venado and Victoria vein systems. Highlights include 10.3 g/t gold and 28 g/t silver over 1.00 metre and 2.4 g/t gold and 25 g/t silver over 3.50 metres from the Asunción-Venado vein system, and 8.1 g/t gold and 20 g/t silver over 0.80 metres from the Victoria vein system. In the third quarter of 2013, Soltoro will continue exploration and, at the same time, will apply for an environmental permit with a view to drilling in early 2014. El Santuario Gold Project No field work was completed at the El Santuario project in the second quarter of 2013. Soltoro is seeking a joint venture partner to move the project forward. Gavilán Lead-Zinc-Silver Project At this time, 218 rock samples were collected from the property with four samples from a potential skarn target returning between 200 g/t silver and 367 g/t silver with lead, zinc and copper values in excess of one percent. During the second quarter of 2013, these results were evaluated and a report was being prepared for delivery in the third quarter. Optioned Property -La Tortuga Concessions In the second quarter of 2013, Gold Reserve continued soil sampling, trenching and mapping programs on the property. An airborne geophysical survey was also completed in the third quarter by Gold Reserve with drilling planned in 2013 to initially test four mineralized zones on the property.