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Marlin Project Montana Exploradora de Guatemala, S.A. June 1, 2005

Marlin Project Montana Exploradora de Guatemala, S.A. June 1, 2005. San Miguel Ixtahuacán and Sipacapa are two of the ten poorest municipalities. 70,000, predominately indigenous Mam & Sipacapense peoples. Annual migration to coast or Chiapas. Need for non-farm rural employment.

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Marlin Project Montana Exploradora de Guatemala, S.A. June 1, 2005

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  1. Marlin Project Montana Exploradora de Guatemala, S.A.June 1, 2005

  2. San Miguel Ixtahuacán and Sipacapa are two of the ten poorest municipalities. 70,000, predominately indigenous Mam & Sipacapense peoples. Annual migration to coast or Chiapas. Need for non-farm rural employment. What are the development options? Marlin Project & Development

  3. Exploration began in 1996. The Environmental Impact & Social Study according to MARN (Ministry of Environment) regulations. EIA&S contained consultation and review. Exploitation license - 2003. Compliant - ILO 169 & IFC safeguards. Social license is not a formal document. Permits & Licenses

  4. CRG employees from the surrounding communities and San Marcos. Liaison with neighboring communities. Provide information about Marlin. Listen to the communities and respond to questions and proposals. Community Relations Group

  5. Community Relations Group

  6. Local Communities at Marlin XEABAJ COMUDES SIPACAPA CONSEJO MUN SIPACAPA CENTRO DE SALUD

  7. 209 Community Visits to talk with 12,913 persons. 260 Visits to Marlin by 4,439 persons. 16 trips to the San Martin Mine in Honduras by 202 persons. [2003 through March/April 2005] Sharing Information

  8. Low cost, efficient mining process with international standards. Transparency. Corporate Responsibility. Environmental Stewardship. Sustainable Development. Montana Exploradora Values

  9. Publicly released the 2004 Environmental and Social Performance Annual Monitoring Report (AMR) to the IFC on the internet. All taxes & royalties publicly disclosed. Glamis Gold is traded on the Toronto and New York stock exchanges and meets all Canadian and U.S. disclosure requirements. Transparency

  10. Working with CentraRSE, Guatemala and BSR -Business for Social Responsibility. Employee well-being and success. Respectful relationship with neighbors. Formulation of Standards and Code of Ethics with CentraRSE and other companies. Corporate Responsibility

  11. Internationally approved Environmental Impact and Social Study. Compliance with international and national environmental standards. The MARN does a quarterly inspection. Internal and IFC audits. Support for environmental monitoring at different levels: internal, international, national and local. Environmental Stewardship

  12. 85% of the water is recycled from tailings impoundment. 15% is make-up water from 1,000 foot deep well. Community water sources not related to Marlin well. Environment - Water

  13. The Marlin Project follows the International Cyanide Code. Cyanide recycled in a two-part closed circuit. INCO Cyanide destruction technology before discharge to tailings. Environment - Cyanide

  14. $14 million+ over the mine’s life in royalties. $54 million in income taxes starting 2008. $ 6 million in property & social security taxes. $4.8 million payroll in 2004; 84% goes to Guatemala residents. $33 million to Guatemalan companies (‘04). $500 million+ project expenditures in Guatemala during the Marlin Project. Royalties, Taxes, & Expenditures

  15. Meetings - Local Communities EL TRIUNFO CANOJ CARRIZAL SIPACAPA SAN JOSÉ IXCANICHE

  16. Community Projects • Potable Water. • Principal roads, bridges & community roads. • Social Infrastructure Projects • 8 teachers 2004, 37 teachers in 2005. • Adult literacy. • 70 Student scholarships in 2004. • Teaching materials. • 2003 through March 2005 = Q/. 5,922,473. (~ US $780,000)

  17. Montana Exploradora intends to create a $5 million trust fund. The use of the annual interest from the trust fund will benefit the San Marcos Department. The mechanisms for operation are under discussion. San Marcos Projects

  18. Montana is committed to a community-centered, participatory sustainable development plan. Montana plans to commit resources to a sustainable development plan contingent on commitments by other stakeholders. Stakeholders Process

  19. Fundación Sierra Madre • Non-Profit NGO. • Created by Citizens Development Corps (CDC) and Montana Exploradora, S.A. • Works in San Miguel Ixtahuacán & Sipacapa. • $400,000 annually from Montana. • FSM will receive Marlin Project lands.

  20. Citizens Development Corps Glamis Gold & Montana Exploradora Integrated Community Development Program (ICDP) APROSAMI FAFIDESS Fundacion Sierra Madre IFC (Grant) Other NGOs Project Concern International INTECAP (Guatemala government training institute) Economic Opportunity & Micro-finance Health Training Agroforestry Municipal Strengthening

  21. Increase information sharing with neighboring communities. Additional information for NGOs and other stakeholders outside of area. Opportunities for Dialogue. Stakeholders Process. Working to Improve

  22. Montana Exploradora Employees

  23. Sierra Madre and Cuchamatanes Dawn for a Bright Future

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