TREASURE HUNTING BUSINESS PLAN

   1.   Executive Summary

   The purpose of this business plan is to secure financing for the last stages of the
“Extraction Phase” of an on-going treasure hunting operation. The initial phase of
the operation was started in July of 1997 – the detection and mapping of the
treasure site. Such site, as detected, is 75 feet long and 35 feet wide on ground
surface. These measurements were obtained using two kinds of detector – a highly
computerized American-made “discriminating” detector and a powerful German-
made “Stick Detector”. The site then was mapped and the following important
boundaries occurred: The site is 35 feet from a major river to the east, and to the
west, the other end of the rectangular site lies at the foot of the small hill
(approximately 120 feet high). The site is along the way of the “flood flow” of
rainwater from the top of the hill to the foot of the hill. Again, it is rectangular in
size from east to west.

   Markers that abound throughout the length and width of the small hills (south to
north) were analyzed and carefully noted. And after due deliberation, the group
decided to begin the extraction operation in December of the same year. With a
backhoe tractor and an electric jackhammer, we began the operation. From 1997 to
2000, we were only operational during the summer season. We usually stop
operating during the rainy seasons, from June to February, due to the dangers of
flooding in the site.

   One of the primary reasons why we have not completed the task is the incredible
complexity of the engineering feat that the Japanese invested on the site. Just to
show how much difficulty we have encountered, and that, even with mechanized
equipment, we literally worked “snail-paced”, the following are what we
encountered as we went down deep into what we believe is a cement bunker at the
52nd feel level. From the ground level, we encountered 12 feet of soil. Then it is
followed by 12 feet of cement made of large and medium stones firmly bonded
together by what our engineers believe to be manganese chemicals. Then we
encountered 4 feet of a combination of small pebbles, sand and soil all of which were
moist, and on these levels, red ants, slender looking frogs and green snakes were
seen and disappeared as quickly as they appeared into the moist sand and soil. Then
came another 12 feet of cement this time made of fine sand and very tough. Then we
encountered again a combination of soil, sand and small pebbles that are moist and
we were at the 8th feet of this location when we stopped operation. All in all, we have
gone down to the 48th feet level. We believe that we are just 4 feet away from the
rooftop of a concrete bunker. We also believe that this concrete bunker has a ceiling,
flooring and wall thickness of four feet. Its chamber is believed to be 12 feet high.
Consequently, we have the following measurements in linear feet: 12, 12, 4, 12, 12, 4,
12, 4. This site has a remarkable resemblance to that found and excavated by the
late President Ferdinand Marcos at Lake Caliraya in the Province of Laguna.
Remember, also, that the site is just 35 feet from a river to the east, and at the 48 th
feet level (when we stopped operation), there was no well water. We dug two
experimental holes around 35 feet from the site to the north, and at 14 feet level, the
hole was filled with well water. Two of our members are engineers. Both confirmed
that the site is man-made, and that it is extremely impossible that well water is not
present in our hole (which is moist but dry) at the 48th feet level. Our hole is 6 feet in

   Presently, the site is well secure as it is located in a privately owned land. Also the
hole is covered by floodwaters coming from the top of the small hill and from the
river especially during the rainy season. Whatever treasure present below is
untouched and well preserved by the cooling effect of the water.

   As we dug down, the two detectors were occasionally brought down at various
levels to confirm whether we were on target to the treasures below. In every such
time, the detectors confirmed the presence of the treasure with a loud booming
sound as far as the computerized detector was concerned, and a strong downward
motion as far as the stick detector was concerned. There were no other metallic
items present anywhere in the hole.

   The Philippine laws allow the exploration, finding and extraction of buried
treasures. Under the Civil Laws of the Philippines, all buried treasures found in
private properties belong to the owner of the land and to the treasure hunter if the
latter is different from the owner. Their contract would cover all their relations
regarding the sharing of the find. The Philippine Government will only share by
way of pertinent taxes and fees. Whether the gold bullion would be sold or retained
in deposit will be decided by the owner and by the treasure hunter. Our treasure site
belongs to a private person with whom this treasure hunter has an exclusive

   The gold bullion in such treasure site has a ready international market, and at
this writing, the price of gold is at U.S.$400.00/per troy ounce. Many countries,
especially in the Middle East, will purchase the gold bullion we expect to extract
from the treasure site. Gold is an acceptable hedge again inflation and recession and
against high crude oil prices. Many countries would like to have gold as the
foundation of their national currency. The Philippine Government is always
amenable to an arrangement that shares the find belonging to foreign parties (such
as investors) may be transported by such foreign parties to a country of their choice.
Or they may accept payment in any acceptable foreign currency i.e. U.S. dollars,
Japanese yen, English pound, Euro dollars, Chinese Yuan, etc…

   Whatever shares the owner of the treasure site and this treasure hunter will
acquire will remain in the Philippines to be invested in multinational banks and in
Philippine Treasury Bonds so that such financial shares will be used in the economic
programs of the private investors and by the National, Local and Provincial
Government and by various national economic agencies. The owner of the site and
this treasure hunter will also engage in investing in sound economic operations
particularly in agricultural and aqua-cultural activities that will provide decent and
sustainable livelihood to 40 million Filipinos living under the poverty line. We will
strive to provide them all the opportunities to improve their financial and social
status, and to provide them such purchasing power that will, in the long run, help
jumpstart the economic recovery of the Philippines.

   The extraction of such treasures then will have a tremendous positive impact on
the lives of 70 million Filipinos, forty per cent of which have been living in utter
poverty and misery with no hope for, and vision of, the future.


   This treasure hunter is inspired by the tremendous accomplishments of the great
American treasure hunter, the late Mel fisher. For 16 years, he tirelessly hunted for
the sunken Spanish galleon – Our Lady of Atocha. Looking for treasures in the open
seas is a hundred times more difficult than hunting for treasures on land. Mr. Fisher
has to endure so much countless years of seemingly fruitless searches, impossible
barriers and obstacles, and personal heartache in his unwavering pursuit of his
vision – the treasure of Our Lady of Atocha.

   And among the strong features of this great treasure hunter that I took into
consideration is his concept of operational planning. He made researches about his
objective. And based on his studies and facts gathered, he made plans and
implemented them to the letter. He never wavered in his decision. He never lost faith
in what he was doing and in what he believed in.

    In our treasure hunting operation, we initially had an exhaustive gathering of
facts – historical facts and testimonies of old timers who were living during the time
the alleged treasure was being buried. Then there was a careful perusal of the
markers left by the Japanese engineering battalion in the proposed site. Finally, our
reliable treasure hunting detectors went to work and gave us the necessary
confirmation of facts we have analyzed. The detectors made the odds more than
50/50% in our favor of finding a treasure trove. We analyzed all the data gathered,
and after we were completely satisfied that the presence of a great bulk of treasure
is present in the pinpointed site, we made the operational plan, and set a date for an
immediate implementation.

   Our group envisioned a rare opportunity that presents itself to us. It is an
opportunity not only for present generation of Filipinos to benefit from history but
to let history guide the future of the Filipino people. Here is a bulk of treasure
created out of the chaos of World War II and left as a legacy for the people who
suffered so much in such arena of violence. It is therefore our mission to recover
such treasure so that its value would enhance the lives of the present generations of


   The expected products that we may get in this treasure site are varied. The
reason for this is that this site is a big site – 75 feet x 35 feet rectangular on the
ground surface. It may include gold bars of different shapes, weight and markings.
It may also include valuable gems or stones and large assortments of jewelry.
Remember that the Japanese Imperial Army looted all the countries that they
conquered in Southeast Asia. And they were about to bring back all the loot to
Japan when General McArthur suddenly launched his liberation attacks on the
Japanese forces in the Far East. The Japanese ships bearing the loot were not safe
from the attacking planes and submarines of the U.S. Armed Forces. The Japanese
then had to unload these treasures in various parts of the Philippines and buried
them there. The main bulk though was brought to the Island of Luzon.

    However, it is believed that the looted treasures were intentionally divided into
many parts of diverse sizes and value. But the greatest bulk was assigned to Gen.
Tomoyuki Yamashita. The latter also subdivided what was entrusted to him, and
ordered the many “divided parts” buried in so many places in the Island of Luzon.
It is believed further that the “biggest part” was buried within the “Triangular Area
of Defense” that Gen. Yamashita created in Northern Luzon for his “last stand”
against the advancing allies. Testimonies of “old timers” – natives that were engaged
in hunting wild animals for food for days on ends during the war has told us that
this “biggest part” of the Yamashita Treasure was buried for more than seven days
– 24 hours a day. Trucks and carts of treasures entered the burial site with captured
natives or actual prisoners of war. Unfortunately, these natives and prisoners of war
never came out of the site. They were executed to keep the place a secret.
Unfortunately again, the old timers cannot pinpoint the general site anymore. All
they can say is that “the site is surrounded by small to high hills and thickly forested
all around”. This was in 1945.

    Another product that we can have out of this operation is to make the treasure
site a “Historical World War II Heritage Park” – a tourist attraction that will
attract foreign and domestic visitors to the site.


   As previously stated, there is a ready market for whatever articles of wealth can
be found in this treasure site. Gold bars and antique jewelry together with gems and
valuable stones are in demand the world over. Gold is the most sought foundation of
any nation’s currency strength. It is also the most preferred investment of oil rich
countries or oil rich individuals. Gold bars are traded internationally on a daily
basis and its price at present is at around U.S.$400.00 per troy ounce. Its prices do
not fluctuate erratically on excessive downtrends or up trends. There is a huge
world market for this product, and such market can sustain a good amount of gold
sales everyday.


  The operations, as previously stated, started in July of 1997 with the “Detection
and Mapping” operations. After a positive result was acquired, our group sat down
and formulated an “Operational Plan”. The Plan includes the “Extraction Phase”,
“Transport and Warehousing Phase”, “Marketing Phase”, “Financing Phase” and
“Organizational & Security Phase”.

   Based on the Plan, we will hire people to manage the different phases as they
come into effect. The “Organizational Phase” came into existence and provided us
with people to operate the first phase of the “Operational Plan” – the “Extraction
Phase”. Presently, we are still in the “Extraction Phase”.

   Herewith is a brief summary of our “Operational Plan”. At the extraction phase,
we will dig for the treasure as deep as we can. Once we penetrate what we expect is
the roof of the concrete bunker at the 52nd feet level, we will send several people
down to confirm the finding and “map out” the bunker to at least determine
quantitatively the possible content of the bunker. Once the finding is confirmed, a
dozen bars of different sizes will be brought up for testing (assaying). We will know
then the purity of the gold bars.

   The “Proper Philippine Government Authorities” will be immediately notified
and invited to view the findings. More military and police security will be requested
which will surely be given to us. I, as the General Manager of the entire operation,
will arrange with the Philippine Authorities for the transport and warehousing of
the treasure to the Central Bank Depository Building. We will have our own
auditors at the treasure site to check the items being loaded into the trucks. Copies
of receipts will be given to respective supervisors present in each truck. The convoys
of trucks will leave early morning to arrive at the Central Bank Depository Building
by noon. Upon arrival, the Central Bank Auditors and our auditors will monitor
and check the unloading of the treasure items and will certify the numbers and
nature of items delivered. This will go on until the last item would have been
delivered. Jewelry, gems and valuable stones may be delivered and safely stored at
some other places.

   We will then make arrangements with the Philippine Government for the sale of
the treasure finds in part or in whole. We will also offer the Philippine Government
30% of the total find in lieu of taxes and fees that may be imposed on our treasure
find and on the members of the treasure group.

   The financial projection is for a 30 days activity that will cover only the
resumption of the “Extraction Phase” of the operation. Should there be a
confirmation of the treasure find, the subsequent activities such as “Transport and
Warehousing Phase”, “Marketing Phase” and others will be financed by a line of
credit from multinational banks in the Philippines. Our security for such line of
credit will be a corresponding amount of gold bars deposited in those banks
granting us the line of credit.

   We are then requesting any possible “Angel Investor” for the amount of one
hundred fifty thousand U.S. dollars (U.S.$150,000.00) to finance the resumption of
the “Extraction Phase” of our treasure hunting operation. This amount will cover a
thirty days operation within which time we will be able to confirm the existence or
non-existence of the treasure find.

    For and in consideration of such amount, the undersigned offers, as financial
returns to the “Angel Investor”, one hundred fifty million U.S. dollars
(U.S.$150,000,000.00) or 10% of the total find whichever is lower. It is understood,
however, that should the site be proven negative, the “Angel Investor” shall hold the
undersigned free from any liability (civil and criminal) whatsoever.

  Daly City, California, United States of America, this 5th day of August, 2005.

                                     Manuel L. Manguera
                                     11 Wakefield Avenue
                                     Daly City, Ca 94015
                                      Tele/fax: 650-754-9742

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