Mr. Norm Brewster reports

HISPANIA ACQUIRES OTERO PROPERTY IN CASTILLE Y LEON, SPAIN

Hispania Resources Inc. completed on Nov. 10 the acquisition of the Otero property, after a period of negotiation and execution with the vendor. The acquisition of the Otero concession located in Castille y Leon, Spain.

• The property is officially known as C.E. Segovian Oeste (no registro minero de Segovia 864-A-11, also known as Otero) and consists of five square kilometres (500 hectares) made up of 16 mining claims. The property has a mining history dating back to Roman times with many features consisting of mineral operating work sites and drill evidences readily available.
• Hispania acquired the Otero property through the liquidation of Siemcalsa, a former mineral enterprise owned by the administration of Castille y Leon. Hispania was able to proceed quickly and won the bid for Otero at a price of just under $1-million.

"We are extremely happy to have acquired a property of the quality of Otero. I personally have known about the property for some time, and was pleased to know that Siemcalsa was open to receiving offers on it late last year," commented Norm Brewster, chief executive officer of Hispania. Hispania completed diligence and negotiations over the past nine months and has now acquired the property formally. "The Otero property has the capability to be an incredible opportunity, as evidenced by its history, dating back to the Roman periods. We look forward to working on this copper-, zinc-, silver-rich property and working with our local stakeholders in Spain who are supportive of our acquisition," commented Mr. Brewster.

The Otero property hosts a copper-tin-zinc-gold-tungsten polymetallic Skarn deposit.

The base is a high-temperature calcic skarn strongly retrograded by tectonic effects.

There is additional potential for up to 10 million tonnes.

The property has a mining permit good until 2042. Work carried out by a combination of former owners, Siemcalsa being the final one, shows that the deposit will be accessed by a surface ramp as follows.

• The deposit will be accessed by a ramp;
• Ramp length 2,700 metres;
• Slope 13.5 per cent;
• Portal ramp at 1,068 m elevation for operating the central zone of the deposit between 1,050 m and 700 m elevation.

Metallurgical work carried out by Charter showed good recoveries of Cu (88 per cent), Zn (89.7 per cent), Ag (68.1 per cent) and WO3 (tungsten trioxide) by flotation. Scheelite is recovered by flotation of sulphide tails with finer grinds.

Hispania has shared data on Otero with a Canadian geology company which can conclude a National Instrument 43-101 shortly, after an additional visit to Spain, as needed.

The highlights for Otero are:

• Siemcalsa has been the only owner of the exploration rights good until 2042, Hispania has now purchased them. A permit of this nature generally would take three to five years to procure;
• Cu-Sn-Zn-Ag-W polymetallic skarn deposit;
• Multidisciplinary mining research (cartography, geochemical, geophysics test etc.) supplemented with 133 diamond drill holes on a 40 by 40 m grid;
• It has a consistent and coherent 3-D geological model with tabular morphology. The deposit has a N135 degree E general orientation and a dip of 35 to 40 degrees to the southwest;
• There are six mineralized levels of different entity but extensive continuity. The mineralized levels have been correlated over 2,065 m to 610 m depth;
• The deposit is open to the west, in depth and regionally. There are eight other mineralized skarns in the area.

About Hispania Resources Inc.

Hispania Resources is a mineral exploration company focused on mining opportunities in Spain. Hispania is currently focused on developing the long-term mining potential of its core asset, the zinc-, copper-, lead-enriched Puebla de la Reina (PBR) property in the low-risk and historic mining district of Extremadura in southwest Spain. The management of Hispania contains industry veterans who have more than 120 years of mineral exploration and production experience in multiple jurisdictions and have successfully managed multiple international mining companies. This includes in Spain, where some of the team was responsible for the founding and building of Iberian Minerals, with the continued support of the local and regional governments, including the well-developed and sophisticated transportation and mining infrastructure.

We seek Safe Harbor.