Carmen Copper Corporation (“Carmen Copper”) is a wholly-owned subsidiary of Atlas Consolidated Mining and Development Corporation (“Atlas Mining”). Carmen Copper has an operating agreement with Atlas Mining and it has exclusive operating rights over the in situ mineral resources and ore reserves of Carmen, Lutopan and Biga mineral deposits, collectively known as Toledo copper mine covering 1,674 hectares. This is part of the Atlas mineral property covering 5,218 hectares, consisting of 3,284 hectares Atlas-owned mining claims and 1,934 hectares of mining claims belonging to claim-owners who have valid operating agreements with Atlas. Carmen Copper resumed the Toledo mining operation in September 2007.