Mr. Richard Wilson reports

REPORT ON ANNUAL GENERAL MEETING SHARE CONSOLIDATION NOT PROCEEDING

At Baroyeca Gold & Silver Inc.'s annual general meeting held Dec. 18, 2012, Richard Wilson, Douglas Eacrett, William Carr and Bruno Mosimann were re-elected as directors for the ensuing year, the auditor was reappointed and the stock option plan was approved.

The special resolution proposing a consolidation of the company's shares on a one-new-for-five-old basis was defeated with proxies representing over 80 per cent of the eligible votes at the meeting voting against the consolidation.