In a previous news release (December 19, 2013) TLCX management had announced a successful completion of an Option Agreement with Advandtel Dominicana SRL, (ADSA) wherein ADSA had agreed that, based on a combination of cash and treasury shares of TLCX, TLCX could acquire a 100% working interest in the (previously Majugual) 8,000 acre Angelica Concession, subject to approval from the Director General of Mining (DGM) and shareholders of TLCX and Tashota Resources Inc. The concession in question was held initially by Energold Drilling which had optioned the property to ADSA.

On April 25, 2014 Energold was advised by the DGM that the DGM was not renewing the option to Energold Drilling. Energold reapplied for consideration from the DGM but was notified that the concession would not be renewed. On July 16, 2014 ADSA management directly applied to the DGM for the concession. ADSA presently is waiting on the results of its application, and is hopeful that the new registration will be granted, at which point TLCX will reopen negotiations with ADSA to acquire the Concession.

Recently, due to the development of a new Ministry of Mines (MOM) in the Dominican Republic, the government has taken a renewed interest in the mining sector with a view to improving the issuing of new licenses for mineral exploration. Unfortunately this approach has resulted in many concessions not being renewed, or delayed due to the integration of the MOM and the DGM offices. Although ADSA is hopeful that the concession will be granted, there is no guarantee that such grant will be provided by the DGM.