GEOGRACE RESOURCES PHILIPPINES, INC - Philippines

GEOGRACE Resources Philippines, Inc. (GEO) was incorporated as La Suerte Gold Mining Corporation on April 20, 1970 primarily to engage in the mining business. In 1995, the stockholders of La Suerte approved the realignment of the company's main business activities from that of a mining company to that of an investment holding company, and the change in the company's name from La Suerte Gold Mining Corporation to Global Equities, Inc. In 2006, the company changed its corporate name to GEOGRACE Resources Philippines, Inc., and shifted its primary purpose back to mining and exploration of mineral resources. As of December 31, 2008, GEO entered into two (2) operating agreements covering operating mining claims with valid and subsisting Mineral Production and Sharing Agreements and a number  

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of heads of agreement to acquire rights to explore, develop and operate mining claims. At present, the company is operating the Ayungon mining claim in Ayungon, Negros Oriental, and the Isabela mining claim in Dinapigue, Isabela. Source: SEC Form 17-A (2008)