We did it and we are on our way to gold!

After three failed attempts between October 2019 and November 2020, our team closed the sale of the Honduran Mining Corporations with their lands and mineral concessions on November 8, 2021 for 2.98% Net Smelter Royalty for the life of the two mines.

OverSeas Holdings, S.A.

Management Team

All are bilingual residents with decades of leadership experience in Central America

O. LYNN JUSTICE

Executive Director of OverSeas Holdings, S.A..

Lynn was born in Milan, Indiana, Graduated in Economics from Indiana University, plus two semesters of study and research at the University of Puerto Rico. He is a seasoned bilingual executive with over 50 years of Director level management experience in renowned international companies and organizations. He has a strong background in project development, marketing, finance, aviation and mining. Area Manager for NCH Industrial Chemical group of Irving, Texas; Founder and Director of Equity Laboratories in five countries in Central and South America; Director of Temporal Affairs for The Church of Jesus Christ of Latter Day Saints in Uruguay and Central America; Executive Director and co-founder of MAPEME Mining group in Honduras; Equity American School and Equity Foundation and serves on the board of Overseas Holdings, S.A.

BONITA JUSTICE

Director of Equity American School

Bonita was born in Ohio, USA, a Graduate in Elementary Education from Warren Wilson University, founder and Director of EQUITY AMERICAN SCHOOL of Guatemala for over 37 years; Co-founder of Equity Foundation, MAPEME Mining Group, OverSeas Holdings, S.A. and serves on the board of Overseas Holdings, S.A

MAURICIO CHIQUIN

Exploration Geologist Consultant

Mauricio was born in Guatemala, graduating as geologist from the San Carlos National University, Guatemala, and The University of New Mexico, Albuquerque; He was professor and director of the School of Geology at the San Carlos National University; gold prospector in Sierra Pacifico-Radius Gold, Inc.; senior geologist in Skye Resources, Inc; senior geologist for Nichromet Extraction, Inc.; mine & resource geologist for Rocas El Tambor; exploration manager for Tikal Minerals-Mayan Iron, Inc.; founder and general manager for Guaxilán, S.A.; and is founder and general manager for Merendon Chortis, S.A.

JORGE ROBERTO GARCIA

Corporate Group Operations & Legal Director

Jorge was born in Guatemala and completed his pensum in Law at the San Carlos National University of Guatemala. He has experience in the creation of mercantile companies in Guatemala and Honduras, as well as in business administration. He has worked with the Equity Group for more than 27 years, where he has also collaborated in the creation of Equity American School, Equity Foundation, MAPEME Mining Group, Overseas Holdings, SA and serves on the board of Overseas Holdings, S.A.

updated 05/24/21

DEVELOPMENT READY GOLD MINE OPPORTUNITY
IN HONDURAS

WITH A BUY-IN / EARN IN OPPORTUNITY TO OWN UP TO 100% OF AN ADVANCED, NEAR TERM MINING PROJECT

ASSET SNAPSHOT

Yuscaran Ag/Au Project

530,000 ozs. of gold equivalent in Historical Reserve (1.51 million tons at 10.9 g/t AuEq 1)
12,985m drilling completed
In development 24-36 months to production (250tpd, expandable to 1,000tpd mine for 8+ years life-of-mine)
Expected cash flow US$8 million/year
Expected AISC ~US$600/oz
Easier permitting due to strong community support and underground mining method.

1 AuEq – Gold metal with silver reported in gold equivalent

Base Case Valuation of the

Finca San Luis y Finca el Mango Concession

The Guayabillas Vein is set to yield revenue in a short term:

GUAYABILLAS SAN LUIS-MANGO CONCESSION

8+ year mine life
Small scale start of 250tpd – easier permitting
100k in payable AuEq. oz and 40M in Ag oz
Price assumptions: $1,600/oz Au, $21.00/oz Ag
Life of Mine (LOM) EBITDA 65 million
Capital Investment 6 to 8 million USD
24-36 months construction window
NPV 8% $33 million

ANNUAL

AVERAGES

12k payable AuEq oz and 4.8M in Ag oz
$19 million net revenue
EBITDA $9 million

SENSITIVITY

NPV 8%

$1,600 Au & $19 Ag - $33 million
$1,700 Au & $20 Ag - $37 million
$1,800 Au & $21 Ag - $41 million

Yuscaran – High Grade, Silver/Gold

Historical silver-gold mining; 1744 to early 1900’s

MAPEME Corporation holds 100 % of two mineral concessions.
The following information applies only to the Finca San Luis y Finca El Mango Concession.
12,985m of drilling completed intersecting multiple, near surface, vertical epithermal veins:
- 14 intersections 0.98m average width, 10.9 g/t gold, 1,723 g/t silver (30 g/t AuEq)
- 59 intersections 0.93m average width, 5.4 g/t gold, 797 g/t silver (15 g/t AuEq)
- 125 intersections 1.00m average width, 2.6 g/t gold, 399 g/t silver (7.3 g/t AuEq)
Easy route to underground production at a small scale 250tpd~12koz/yr AuEq (4,3koz Au & 640koz Ag)
Strong Community & government support

	Tonnes	Grade-Au Equivalent g/t	Total Ounces Gold Equiv. Ag:Au = 70:1*
Probable Reserve	1,060,000	10.9	372,000
Possible Reserve	450,000	10.9	158,000
Total	1,510,000	10.9	530,000

United Nations reserve calculation for the Guayabillas vein; Ag:Au values as of 12/23/20 *

Three Reports of Gold Ore Exploration Findings at the Completion of their project in 2004; Reports rendered by Bob Wasylyshyn, President and Director of the Board.

Gold Ore Report
2003-10-1

Gold Ore Report
2004-07-1

Gold Ore Report
2004-08-1

Honduras

A peaceful people of noble heritage, with strong ties to their neighboring countries and the U.S.

The mining industry presently represents 3% of GDP (2019)
S&P Honduras’ credit rating BB- with a stable outlook.
Honduras passed a new mining law in 2015, with amendments added in late 2018. The law strikes a good balance of protection for investor-developers and the Honduran society.
Taxes are limited to a 25% Corporate Rate, a 5% Net Smelter Royalty and a yearly $10 per concession hectare cannon tax .
Business friendly jurisdiction with a long history of mining. Over 40 years of democracy with a stable democratic constitution.
Native indigenous people that habitat native lands represent less than 5% of the Honduran population. In all of Central America, except Guatemala, the indigenous natives were almost totally integrated with the European settlers, resulting in a mostly mestizo-ladino population.
Honduras has a clear policy and a peaceful history in protecting native indigenous peoples and their lands, none of which are nearby in the El Paraiso department, where the mine is located.
The mine is located near the town of Yuscaran, approximately one-hour drive from Tegucigalpa (the capital of Honduras), on an asphalted two lane highway. Yuscaran is an historical mining community and its people are supportive of new mining activity.

A Glimpse of the Honduran
Social-Political Panorama

Yuscarán Area Geological Map

Geological map of the area with (Finca San Luis y Finca El Mango) magenta line and (Ora) gold line, overlain.

Yuscarán Area Concessions, Vein and Fault Map

Identified Veins shown in red lines, faults show in gray lines with MAPEME’s Monserrat and Guayabillas vein concessions overlain.

Surface map of the area with both concessions overlain on underlying veins and faults. The veins show on the Ora Concession (in gold lines) were worked in the late 1800s through the early 1900s; The viens in the Finca San Luis y Finca el Mango Concession (in Magenta lines) were defined by explorations between 1986 & 2004.

Area Map Depicting Both Concessions and Drilled Veins

Identified Veins shown in red, with drill holes as blue dots, drill length and direction with black lines

This figure depicts both concessions. The western side depicts the 300 Hectare Ora Concession outlined in gold. The Eastern side shows the 1,000 Hectare Finca San Luis y Finca El Mango concession outlined in magenta, depicting mineral veins and drill holes on the Guayabillas system which resulted from an exploratory campaign between 1985 and 1989 by the United Nations and a second campaign between 1998 and 2004 by Breakwater & Gold Ore Resources.

Yuscaran – High Grade, Silver/Gold (100% held)

Guayabillas Vein System
Development plan:
1st gold pour expected in 2024

This view is looking NW over Guayabillas-Yuscaran trends showing silver grades from exploration program and surface geology, vein outcrops & historical workings overlaid on topography.

Guayabillas Drill Zone Accessible From Finca San Luis Property

Identified Veins in red, drill holes as blue tags, drill length & direction in yellow lines. Green dashed line is SW area of Finca San Luis.

Yuscarán Area Geological Map

Geological map of the area with (Finca San Luis y Finca El Mango) magenta line and (Ora) gold line, overlain.

Yuscarán Area Concessions, Vein and Fault Map

Identified Veins shown in red lines, faults show in gray lines with MAPEME’s Monserrat and Guayabillas vein concessions overlain.

Surface map of the area with both concessions overlain on underlying veins and faults. The veins show on the Ora Concession (in gold lines) were worked in the late 1800s through the early 1900s; The viens in the Finca San Luis y Finca el Mango Concession (in Magenta lines) were defined by explorations between 1986 & 2004.

Area Map Depicting Both Concessions and Drilled Veins

Identified Veins shown in red, with drill holes as blue dots, drill length and direction with black lines

This figure depicts both concessions. The western side depicts the 300 Hectare Ora Concession outlined in gold. The Eastern side shows the 1,000 Hectare Finca San Luis y Finca El Mango concession outlined in magenta, depicting mineral veins and drill holes on the Guayabillas system which resulted from an exploratory campaign between 1985 and 1989 by the United Nations and a second campaign between 1998 and 2004 by Breakwater & Gold Ore Resources.

Yuscaran – High Grade, Silver/Gold (100% held)

Guayabillas Vein System
Development plan:
1st gold pour expected in 2024

This view is looking NW over Guayabillas-Yuscaran trends showing silver grades from exploration program and surface geology, vein outcrops & historical workings overlaid on topography.

Yuscarán Area Concessions, Vein and Fault Map

Identified Veins shown in red lines, faults show in gray lines with MAPEME’s Monserrat and Guayabillas vein concessions overlain.

Surface map of the area with both concessions overlain on underlying veins and faults. The veins show on the Ora Concession (in gold lines) were worked in the late 1800s through the early 1900s; The viens in the Finca San Luis y Finca el Mango Concession (in Magenta lines) were defined by explorations between 1986 & 2004.

Area Map Depicting Both Concessions and Drilled Veins

Identified Veins shown in red, with drill holes as blue dots, drill length and direction with black lines

This figure depicts both concessions. The western side depicts the 300 Hectare Ora Concession outlined in gold. The Eastern side shows the 1,000 Hectare Finca San Luis y Finca El Mango concession outlined in magenta, depicting mineral veins and drill holes on the Guayabillas system which resulted from an exploratory campaign between 1985 and 1989 by the United Nations and a second campaign between 1998 and 2004 by Breakwater & Gold Ore Resources.

Yuscarán Area Concessions, Vein and Fault Map

Identified Veins shown in red lines, faults show in gray lines with MAPEME’s Monserrat and Guayabillas vein concessions overlain.

Surface map of the area with both concessions overlain on underlying veins and faults. The veins show on the Ora Concession (in gold lines) were worked in the late 1800s through the early 1900s; The viens in the Finca San Luis y Finca el Mango Concession (in Magenta lines) were defined by explorations between 1986 & 2004.

Area Map Depicting Both Concessions and Drilled Veins

Identified Veins shown in red, with drill holes as blue dots, drill length and direction with black lines

This figure depicts both concessions. The western side depicts the 300 Hectare Ora Concession outlined in gold. The Eastern side shows the 1,000 Hectare Finca San Luis y Finca El Mango concession outlined in magenta, depicting mineral veins and drill holes on the Guayabillas system which resulted from an exploratory campaign between 1985 and 1989 by the United Nations and a second campaign between 1998 and 2004 by Breakwater & Gold Ore Resources.

Yuscarán Area Concessions, Vein and Fault Map

Identified Veins shown in red lines, faults show in gray lines with MAPEME’s Monserrat and Guayabillas vein concessions overlain.

Surface map of the area with both concessions overlain on underlying veins and faults. The veins show on the Ora Concession (in gold lines) were worked in the late 1800s through the early 1900s; The viens in the Finca San Luis y Finca el Mango Concession (in Magenta lines) were defined by explorations between 1986 & 2004.

Area Map Depicting Both Concessions and Drilled Veins

Identified Veins shown in red, with drill holes as blue dots, drill length and direction with black lines

This figure depicts both concessions. The western side depicts the 300 Hectare Ora Concession outlined in gold. The Eastern side shows the 1,000 Hectare Finca San Luis y Finca El Mango concession outlined in magenta, depicting mineral veins and drill holes on the Guayabillas system which resulted from an exploratory campaign between 1985 and 1989 by the United Nations and a second campaign between 1998 and 2004 by Breakwater & Gold Ore Resources.

Yuscarán Area Concessions, Vein and Fault Map

Identified Veins shown in red lines, faults show in gray lines with MAPEME’s Monserrat and Guayabillas vein concessions overlain.

Surface map of the area with both concessions overlain on underlying veins and faults. The veins show on the Ora Concession (in gold lines) were worked in the late 1800s through the early 1900s; The viens in the Finca San Luis y Finca el Mango Concession (in Magenta lines) were defined by explorations between 1986 & 2004.

Area Map Depicting Both Concessions and Drilled Veins

Identified Veins shown in red, with drill holes as blue dots, drill length and direction with black lines

This figure depicts both concessions. The western side depicts the 300 Hectare Ora Concession outlined in gold. The Eastern side shows the 1,000 Hectare Finca San Luis y Finca El Mango concession outlined in magenta, depicting mineral veins and drill holes on the Guayabillas system which resulted from an exploratory campaign between 1985 and 1989 by the United Nations and a second campaign between 1998 and 2004 by Breakwater & Gold Ore Resources.

UPDATED CONCESSIONS STATUS FOR THE MAPEME MINING COMPANY
As of May 22, 2021

Between 2017 and 2019, Mango Propiedad Exploraciones y Minerales. S.A. de C.V. (MAPEME) made considerable strides in developing a program for exploration and exploitation of a near term Gold-Silver mining project and reactivation of a former Gold-Silver project in the Yuscaran area of Honduras.
On March 5, 2019, (MAPEME) received official notification of approval from the Honduran Mining Authority, INHGEOMIN, for their Finca San Luis y Finca El Mango gold-silver concession which overlies the Guayabillas Vein, consisting of 1,000 Has.
Our Technical Department team reviewed the history of a nearby inactive Gold-Silver mine tunnels to the Northwest of the Guayabillas veins, that had been actively mined from the 19th through the early 20th century. Our team concluded that the area had good potential for development under improved modern mining technology.
MAPEME developed and presented a 300 hectare concession application for the new area under the name “Ora” in July, 2020. The application was officially accepted by INHGEOMIN on September 24, 2020. Cannon for 2020 and 2021 were paid and approval of the Ora Concession was approved in June 2021. With this, MAPEME’s total concessions in the Yuscarán area total 1,300 Hectares.

Press Articles

El Heraldo

Press article, 1989

La Tribuna

Press article, 1989

Tiempo

Press article, 1989

La Tribuna

Press article, 1989

1/1

Contact

Overseas Holdings, S.A.

We did it and we are on our way to gold!

OverSeas Holdings, S.A.

DEVELOPMENT READY GOLD MINE OPPORTUNITY IN HONDURAS

WITH A BUY-IN / EARN IN OPPORTUNITY TO OWN UP TO 100% OF AN ADVANCED, NEAR TERM MINING PROJECT

ASSET SNAPSHOT

Yuscaran Ag/Au Project

Base Case Valuation of the

Finca San Luis y Finca el Mango Concession

The Guayabillas Vein is set to yield revenue in a short term:

GUAYABILLAS SAN LUIS-MANGO CONCESSION

ANNUAL

AVERAGES

SENSITIVITY

NPV 8%

Yuscaran – High Grade, Silver/Gold

Historical silver-gold mining; 1744 to early 1900’s

Three Reports of Gold Ore Exploration Findings at the Completion of their project in 2004; Reports rendered by Bob Wasylyshyn, President and Director of the Board.

Honduras

A peaceful people of noble heritage, with strong ties to their neighboring countries and the U.S.

A Glimpse of the Honduran Social-Political Panorama

UPDATED CONCESSIONS STATUS FOR THE MAPEME MINING COMPANY As of May 22, 2021

Press Articles

CONTACT

DEVELOPMENT READY GOLD MINE OPPORTUNITY
IN HONDURAS

A Glimpse of the Honduran
Social-Political Panorama

UPDATED CONCESSIONS STATUS FOR THE MAPEME MINING COMPANY
As of May 22, 2021