Survey Report :: Oroco Resource Corp.

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Company Fact Sheet

Date of Report:		July 29
Company Name:		Oroco Resource Corp.
Stock Symbol:		OCO
Exchange:		Venture
Company Website:		www.orocoresourcecorp.com


Section A. Financial
1. When was the Company incorporated?		2006
2. Nature of current operations:		Exploration
3. Shares outstanding:		27,593,521
4. Shares fully diluted:		35,145,281
5. Options outstanding (grouped in reverse order by date):
	1 (most recent)	2	3	4
Number	2,685,000
Price	$0.55
Expiry	3/2013
6. Warrants outstanding, excluding brokers' warrants (in reverse order by date):
	1 (most recent)	2	3	4
Number	4,000,000
Price	$0.90
Expiry	9/2009
7. Financings in the past 24 months:
	1 (most recent)	2	3	4
Number of shares	8,000,000	300,000	930,000	1,660,000
Price of shares	$0.55	$0.35	$0.35	$0.35
Number of warrants (excluding brokers' warrants)	4,000,000
Exercise price of warrants	$0.90
8. Total number of shareholders:		less than 500
9. Insider holdings:
Number of shares		4,450,000
Number of options		1,900,000
Number of warrants
10. Is there a share-based incentive plan?		Yes
11. If yes, detail:	Rolling stock option plan for 10% of the issued and outstanding shares
12. Is there a Shareholders' Rights Plan in place?		No
13. Does a larger unrelated mining company hold greater than 5% of common shares, or is a joint venture with a larger company now in place?		No
14. Cash and short-term investments on hand ($):		$1,900,000
15. Book value of ABCP ($):
16. How many geologists (full-time equivalent) are engaged		3
by the company?

Section B. On the subject of the lead geologist:
1. Name:		Ken Thorsen
2. Is this a Qualified person as defined in terms of NI 43-101?		Yes
3. Years of experience in the field:		20+
4. Has this person played a key role in advancing a project from early exploration to:
a) historic (non-compliant) resource, pre-NI 43-101		Yes
If yes, detail:	Leinster Ni Mine, Australia South Bay Mine, Ontario Estrades Mine Quebec San Nicolas, Mexico Los Filos, Mexico
b) NI 43-101 resource estimate		Yes
If yes, detail, if different from above:	Taylor mine, Nevada
c) joint venture with or buyout by a larger mining company		Yes
If yes, detail, if different from above:		21 years with Teck - Various JVs Miranda Mining, Director Aurea Mining, Director Fury Exploration, Director
d) an operating mine		Yes
If yes, detail, if different from above:

Section C. On the subject of the lead executive responsible for financing:
1. Name:		Stephen Leahy
2. Years of experience in the field:		20+
3. Total funds ($CAD) raised for this company:		5m-9.9m
4. Total funds ($CAD) raised in the mining sector:		50m+
5. Names of all Investment Bankers involved in financing this company in the past 13 months:		Cal Everett, PI Financial

Section D. Property #1
1. Name of the property:		Cerro Prieto
2. Location:		Mexico
3. Key resource targets (up to four):	Gold	Silver	Lead	Zinc
4. Is there paved road access to the property?		No
5. Distance to the nearest major city:		20-49.9 km.
6. Distance to the nearest adequate power grid:		<5 km.
7. Distance to the nearest adequate water supply:		<5 km.
8. Distance to the nearest adequate labour supply:		10-19.9km.
9. Distance to the nearest rail suitable for transport:		20-49.9 km.
10. Distance to the nearest port suitable for transport:		50 km.+
11. Distance to the nearest protected wildlife refuge:		50 km.+
12. Distance to the nearest tourist resort:		50 km.+
13. What is the mean elevation (msl) of the property?		500-999m.
14. Has this property been meaningfully mined before?		Yes
15. If yes, please describe any remaining usable infrastructure:	Underground workings including haulage ways of several hundred metres, a decline of similar lenght, etc. No surface infrastructure remains.
16. Is this property currently an operating mine?		No
17. If no, distance to the nearest mine for target metals:		20-49.9 km.
18. Name of that mine and operator:		We are not aware of a nearby polymetallic mine. The formerly operating Santa Gertrudis gold mine is approximetaly 20 km north of Cerro Prieto. Hochschild Mining is developing a polymetallic deposit, The San Felipe, 35 km to the SE.
19. Is there a NI 43-101 compliant resource report for the property?		No
20. If yes, please describe the key report estimates:
21. If no, distance to nearest property with NI 43-101		20-49.9 km.
compliant resource report.
22. Name of that property and operator:		La Mercedes, Yamana Gold

23. Is the property owned outright by the company?		Yes
24. If no, has the company secured mineral rights?
25. If no, has the company secured surface rights?
26. Does the company have permitting to explore the property?		Yes
27. Does the company have permitting to mine the property?		No
28. Total metres of drilling now completed:		1-4,999
29. Total metres of drilling planned for next 12 months:		10,000-19,999
30. Number of drilling rigs now on the property:		1
31. Number of new rigs planned for next 12 months:		3
32. Number of months/yr. this property is open to exploration:		12
33. Number of months/yr. this property is open to mining:		12
34. Exploration budget on this property for next 12 months:		$4,000,000
35. Has metallurgical testing been completed in support of the case		Yes
for successful recovery of target metals for this deposit?

For this property, describe up to the three best drilling results:
Hole number 1
36. Name	CP002
Start of mineralization in metres from the surface	220.6
	Mineralized Metres	Metal	Grade	Measure
37. - 40.	11.2	Silver	361.80	gpt
		Lead	2.40	%
		Zinc	4.76	%
Hole number 2
41. Name	CP003
Start of mineralization in metres from the surface	194.0
	Mineralized Metres	Metal	Grade	Measure
42. - 45.	8.0	Gold	6.05	gpt
			0.36	%
			1.12	%
Hole number 3
46. Name	CP005
Start of mineralization in metres from the surface	58.5
	Mineralized Metres	Metal	Grade	Measure
47. - 50.	5.6	Gold	11.93	gpt
		Silver	10.20	gpt
		Zinc	0.29	%
51. Website link to detailed drilling results:

Section E. Property #2
1. Name of the property:		Xochipala
2. Location:		Mexico
3. Key resource targets (up to four):	Gold	Silver
4. Is there paved road access to the property?		Yes
5. Distance to the nearest major city:		<5 km.
6. Distance to the nearest adequate power grid:		<5 km.
7. Distance to the nearest adequate water supply:		<5 km.
8. Distance to the nearest adequate labour supply:		<5 km.
9. Distance to the nearest rail suitable for transport:		10-19.9km.
10. Distance to the nearest port suitable for transport:		50 km.+
11. Distance to the nearest protected wildlife refuge:		50 km.+
12. Distance to the nearest tourist resort:		50 km.+
13. What is the mean elevation (msl) of the property?		200-499m.
14. Has this property been meaningfully mined before?		No
15. If yes, please describe any remaining usable infrastructure:
16. Is this property currently an operating mine?		No
17. If no, distance to the nearest mine for target metals:		<5 km.
18. Name of that mine and operator:		Los Filos-Bermejal, Goldcorp.
19. Is there a NI 43-101 compliant resource report for the property?		No
20. If yes, please describe the key report estimates:
21. If no, distance to nearest property with NI 43-101		<5 km.
compliant resource report:
22. Name of that property and operator:		Los Filos-Bermejal, Goldcorp.
23. Is the property owned outright by the company?		Yes
24. If no, has the company secured mineral rights?		Yes
25. If no, has the company secured surface rights?		Yes
26. Does the company have permitting to explore the property?		Yes
27. Does the company have permitting to mine the property?		No
28. Total metres of drilling now completed:
29. Total metres of drilling planned for next 12 months:
30. Number of drilling rigs now on the property:
31. Number of new rigs planned for next 12 months:
32. Number of months/yr. this property is open to exploration:		12
33. Number of months/yr. this property is open to mining:		12
34. Exploration budget on this property for next 12 months:		$50,000
35. Has metallurgical testing been completed in support of the case		No
for successful recovery of target metals for this deposit?

For this property, describe up to the three best drilling results:
Hole number 1
36. Name	na
Start of mineralization in metres from the surface
37. - 40.	Mineralized Metres	Metal	Grade	Measure



Hole number 2
41. Name	na
Start of mineralization in metres from the surface
42. - 45.	Mineralized Metres	Metal	Grade	Measure



Hole number 3
46. Name	na
Start of mineralization in metres from the surface
47. - 50.	Mineralized Metres	Metal	Grade	Measure



51. Website link to detailed drilling results:

Additional comments provided by the Company
Oroco Resource Corp., was listed on the TSX.V (OCO)following its IPO and started trading on March 18 of this year. Oroco commenced exploration immediately following the IPO. Phase 1 exploration includes 6,000 metres of diamond drilling from surface which commenced on April 21. All holes drilled to date have hit the targeted zone and mineralized intersections range from 12 metres to >50 metres true thickness. The goal of the Phase 1 program is to confirm the historical results of Morgain Minerals who in 1999 calculated a 8.5 million ton polymetallic resource grading 4.4 Au g/t Eq. based on a 23 hole reverse circulation drill program confined to the area of historical workings within just 725 metres of strike length and to no greater depth than 300 metres from surface. Oroco controls a total of 6.5 km of strike length of the structure hosting the historical mine and resource. Phase two will test along strike and to depth where mineralization is open. The near vertical shear zone hosting the mineralization has been mapped on surface for several km north and south of the historical workings. Oroco's exploration program is being overseen by company director and former Teck-Cominco Exploration president Ken Thorsen.