The Piedra Iman Project is located in Chinandega Province of northwestern Nicaragua. It is a Cordilleran Style Iron Oxide Gold Deposit that was originally drilled by Noranda in the early 1970’s before the outbreak of conflict in Nicaragua. Noranda’s drilling and underground sampling intersected significant widths of copper mineralization including DDH-851 (36.6 meters at 1.13% Copper). Recent horizontal saw-cut channel sampling conducted by Royal Road has returned results including 20 meters at 1.2% copper and 8 meters at 1.1% copper and 1.1 grams per tonne gold. In 2017, Royal Road conducted a 9-hole, shallow reverse-circulation drilling program at the project which returned best intersections of PI-006; 8 meters at 9.3 grams per tonne gold and 31 meters at 0.5% copper, PI-008; 103 meters at 0.36% copper and PI-007, 40 meters at 0.38% copper. The Company has now re-opened the historic exploration adit at the project and is completing underground saw-cut channel sampling.