Ruth Cruz Santos acquired LRE Exploration LLC from Laredo Resources Corp. on September 10, 2012. In exchange for this assignment of membership interests, Ruth Cruz Santos agreed to assume and cancel all liabilities relating to Laredo's former business of exploring certain mining claims located in Elko County, Nevada. In addition, Ruth Cruz agreed to release all liability under certain promissory notes due and owing to her.

Ruth Cruz Santos completed the acquisition of LRE Exploration LLC from Laredo Resources Corp. on September 10, 2012.