Los Cerros Limited announced that the The first drillhole at Ceibal (CEDDH01) has delivered promising visuals and prompted the transfer of a second rig to the target. CEDDH01 ended at 500m downhole depth having passed through andesites, breccias and diorites analogous to the Tesorito South porphyry suite. On the back of encouraging visuals from CEDDH01 drill core, Los Cerros Limited (Los Cerros or the Company), has re-directed a second rig to fast-track the investigation of the exciting, new Ceibal porphyry target within the 100% owned Quinchia Gold Project in Colombia. CEDDH01, the first hole ever drilled at Ceibal, entered andesite at surface which bears considerable similarities to the andesite that forms part of the mineralised suite at Tesorito. The entire 500m down- hole length remained in andesites, diorites and magmatic breccias visually similar to Tesorito drill core. The hole ended at 500m (EOH) in andesite with low vein density, suggesting a transition out of the zone of interest, which is consistent with a decrease in surface geochemistry anomalism directly above EOH. Whilst assay results are not expected until mid-June, the Company is sufficiently enthused by the geological comparisons to the Tesorito South porphyry suite to direct a second rig to Ceibal. Holes CEDDH02 and CEDDH03 are each on drill lines of ~100m spacings east of CEDDH01. Ceibal is ~1km south west of the Company's Tesorito South porphyry discovery and forms part of a cluster of porphyry targets within a few kilometres of the Miraflores Gold Deposit. Ceibal comprises a substantial, 800m x 600m gold, copper and molybdenum, surface soil and rock chip geochemistry anomaly on the shoulder of an air magnetic anomaly. Ceibal's surface anomaly is broadly comparable in size and tenor to that of Tesorito and, like Tesorito, Ceibal is located within the Marmato Fault Corridor at a structural dilation or "jog" and on a NW trending cross cutting structure. To date, Tesorito South has delivered 10 drill holes grading ~1g/t gold for more than 200m with mineralisation starting from near surface.