Tahoe Resources Inc. (Tahoe) is engaged in the exploration and development of mineral properties in the United States for the mining of precious metals. Its flagship Escobal project is located in southeastern Guatemala approximately 70 kilometers from Guatemala City. As of December 31, 2011, Tahoe�s Escobal Project was in the exploration phase. The Escobal Project is a pre-development silver project located in southeastern Guatemala, demonstrating silver, gold, lead, and zinc mineralization (the Escobal Project). All identified mineral resources for the Escobal Project are located on the Oasis concession, one of three exploration concessions, which comprise the Project. As of December 31, 2011, 21 drill holes totaling approximately 4,942 meters were completed for the purpose of collecting metallurgical test samples. The Margarito zone was discovered during the year ended December 31, 2011, through drilling in the area west of the Central zone resource.