Solvista Appoints New President and CEO - Seite 2

About the Caramanta Project

The Caramanta project is currently under option to IAMGOLD Corporation (IAMGOLD) as a result of a $36 million earn-in option agreement (the "Agreement") completed in December 2013 and approved by the TSX-V in March 2014. Under the terms of the Agreement, IAMGOLD has agreed to complete a minimum of US$2,500,000 in exploration expenditures and will have the right to earn up to a 70% interest in the Caramanta project (the "Project"), located in Colombia's Mid-Cauca Belt, by completing the following steps:

• IAMGOLD can earn an initial 51% interest in the Project by investing a total of US$18,000,000 (including the US$2,500,000 firm commitment described above) in qualifying expenditures, which will include US$900,000 of cash payments to Solvista, over a maximum five-year period commencing on December 16, 2013; and
  
  
• IAMGOLD can earn an additional 19% interest in the Project, for a total 70% interest, by investing a further US$18,000,000 in qualifying expenditures over a maximum three-year period following the completion of the initial 51% earn-in.
  
  

Subject to the satisfaction of the aforementioned conditions, and upon completion of IAMGOLD's 51% or 70% earn-in, as IAMGOLD may elect, Solvista and IAMGOLD would enter into a joint venture to hold and advance the Project.

The Project is located at the centre of the Middle Cauca Belt, one of the most prolific gold districts in Colombia, with production dating back to pre-colonial times. It has also been the focus of intense exploration over the past five years with a number of new discoveries including La Colosa (Anglogold Ashanti), a porphyry-gold deposit with a JORC-compliant Inferred Resource of 24.15 Moz Au at 0.94 g/t Au. Directly south of the Project is Gran Colombia Gold's Marmato Project with a National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") compliant measured and indicated resources of 11.8 Moz Au at 0.9 g/t Au and 80 Moz Ag at 6.1 g/t Ag, and Inferred Resources of 2.6 Moz Au at 1.02 g/t Au and 9 Moz Ag at 3.7 g/t Ag. To the north is Sunward Resources' Titiribí deposit where a NI 43-101-compliant Measured and indicated resource of 6.2 Moz AuEq at 0.50 g/t and inferred resource of 6.5 Moz AuEq at 0.53 g/t have been announced.