Gitennes Exploration, Inc. filed its Annual on Mar 01, 2013 for the period ending Dec 31, 2012. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Gitennes Exploration, Inc. has been advised by AndeanGold Ltd. of the results from a surface channel sampling programme completed over the Candual, La Mariscala East, and La Mariscala South Veins on the Company's Urumalqui Silver-Gold Project in Peru. These veins are located south of the Urumalqui Vein, the principal vein on the Project, which was the focus of AndeanGold's 2010 - 2012 exploration activities. AndeanGold is exploring Urumalqui under the terms of two agreements. The results are for recently released channel samples collected at 25 metre-spaced intervals. The samples were taken utilizing a portable rock saw. These structures had not been previously sampled in detail. The Candual Vein is a 1,000 metre-long zone of quartz veining, brecciation and silicification. The West and East segments are separated by a ravine. The trench assay results have highlighted an area of interest covering an approximate 550 metre length comprising of the eastern 375 metre-long end Candual West outcrop and the continuing western 175 metres end of the Candual East outcrop. The La Mariscala East Vein also exhibits quartz veining, brecciation and silicified wall rock and has been trenched over a length of 225 metres. This is a second target of strong interest. The vein appears to extend a further 400 metres to the west, and AndeanGold is attempting to negotiate access to this area with the surface owners. Additional trenching, channel and outcrop sampling is reportedly underway at the eastern end of the vein and on newly exposed veins and breccia zones between the La Mariscala East and Candual East Veins. The overall gold and silver assay values of the trenches from the La Mariscala South Vein outcrop (approximately 450 metres in length) were relatively low, except for the results noted.

Gitennes Exploration, Inc. reported unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported loss of CAD 68,251 against CAD 171,332 a year ago. For nine months, the company reported loss of CAD 32,078 against CAD 857,468 or CAD 0.01 basic and diluted loss per share a year ago. Cash flow from operating activities was CAD 8,536 against negative cash flow from operating activities of CAD 689,306 a year ago.