Los Cerros Limited updated the market on recent drilling from the Tesorito Gold Porphyry, a near surface gold porphyry discovery, which is part
of the Company's 100% owned Quinchia Gold Project in Risaralda ­ Colombia. Drill holes TS-DH52 and '53 have again returned remarkably strong and wide gold zones for a porphyry system, further expanding the central high grade surface zone, potentially forming an economically appealing starter pit. Results include: 100m @ 1.01g/t Au from surface in TS-DH52 including 31m @ 1.72g/t Au from surface. 88m @ 1.02g/t Au from surface in TS-DH53 including 26m @ 1.93g/t Au from surface. As anticipated, the recent southern drilling campaign (holes TS-DH47 to '50; TS-DH54 to '55; TS-DH58
to `59) has effectively defined the southern margin to gold mineralisation of interest. Drill assays
reported extensive intercepts of 0.2 to 0.4g/t Au, indicative of waning influence of the high grade
porphyry intrusive core as drilling moves further south, away from the core. Results of note from the
southern campaign include: 18.4m @ 0.74g/t Au from 9.6m in TS-DH47; 6m @ 1.03g/t Au from surface within 70.9m @ 0.6g/t Au in TS-DH48; 380m @ 0.28g/t Au from surface in TS-DH49; 138m @ 0.43g/t Au from 19.5m including 26.5m @ 0.60g/t Au from 19.5m in TS-DH55; 137.2m @ 0.55g/t Au from 10m including 38m @ 0.76g/t Au from 74m in TS-DH59. The first hole (TS-DH56) of a program to test an IP anomaly on the northern edge of existing Tesorito
drilling produced low grade mineralisation in andesite country rock before crossing the Marmato Fault at 351m without explaining the cause of the IP
anomaly. This anomalous zone has not been fully tested and follow up drilling is underway to further
test the anomaly.