On 18 December 2012 the Board
of Directors agreed to issue 25,000 common shares to a note holder that was entitled to this amount of shares based on the terms
pursuant to a note payable of $30,000, still outstanding as of 30 September 2012. Note holder was originally entitled to 250,000
common shares pre 1,000:1 stock split (250 shares post split). This will be accounted for in the financial statements to reflect
an additional 24,750 common shares to be issued.
On December 27, 2012 the Company
entered into a share exchange agreement with Arriba Resources Inc., (Arriba), a company incorporated under the federal
laws of Canada, and its shareholders. Pursuant to the terms of the share exchange agreement, we agreed to acquire all of the issued
and outstanding shares of Arribas common stock in exchange for the issuance by our company of 4,179,852 shares of our common
stock to the shareholders of Arriba.