Location: The Cerro Blanco property is located in southwestern Guatemala near the town of Asuncion Mita, a community of approximately 15,000 people. The 100% owned property was acquired by Glamis in 1998 as part of the Mar-West Resources Inc. acquisition. Cerro Blanco is considered to be a classic hot springs gold deposit with typical bonanza-type gold mineralization.

Initial exploration work and much of the 3,700 meters of drilling was geared to defining a heap leach open pit deposit. However, subsequent drilling identified a number of narrower high-grade intercepts and Glamis has since changed its focus to potential development as an underground deposit with possible operating synergies with the Marlin project to the northwest.

In the second half of 2002, the Company commenced Phase 2 of a diamond drill program to verify and extend previously discovered high-grade mineralization. A total of six holes were completed by year end. Data from Phase2 and earlier work is currently being analyzed before completing the program in 2003.

Depending on the results of the latest program, Glamis will continue to test for potential expansions of the underground mineralization and, if successful, will study potential operating synergies with the Marlin project.

UPDATED Septempber 26, 2005
Drillhole Collar Location Map (updated Dec. 1, 2005)
Drillhole Assay Database (updated Dec. 1, 2005)

Measured and Indicated Resource
as of December 31, 2005

Measured and Indicated Resources, for purposes of determining a reasonable expectation of eventual economic extraction, are estimated using a $500 per ounce gold price.