Update for the 4th Quarter 2011 (www.cerrossands.com)

We have had our first visitor from Mexico. They are considering a channel parcel. We envision 2012 to be a very good year for Cerros Sands.

Maintenance continues year round. The contractor selected for our annual road maintenance for 2012 will be touching up our roads once his schedule opens up.

The planting of vegetables has continued and recent pictures include squash actually growing up into nearby trees. There are many more then we can possibly utilize, so many have been given away and some sold at the market in Corozal.

Construction

Our Entry: With the rains expected to subside shortly, excavation of our ponds and landscaping on the entry will be continued.

The Residences: We have received from the Central Building Authority, our No Objection to Proposed Development as well as our Permit to Commence Building Works. This is the formal approval allowing construction of The Residences.

Additional workers have been hired and specialty crews for large concrete pours have been contacted. Keep in mind these structures will be steel reinforced poured-in-place concrete.

Single Family Homes: Plans for a very large seafront home are in still in the architectural stage. The pilings are in place.

Four other owners are working on their designs. One will be coming down in January to continue work with their architect and have selected another parcel for a family member that will also be visiting the same time in January.

Designs for a channel-front home are being reviewed. This will be 1400-1500 of interior square footage and will include a berth suitable for a 35-40 foot yacht. This home will be available for purchase.

Business Opportunities

The Resort Parcel with the Restaurant and Bar is available for lease or sale. A Channel parcel is included to enhance this opportunity with water-sports, tours and overnight berthing. Any interested parties may contact us any time. We are working on Casita designs for overnight accommodations at this location.