STUMP LAKE PROPERTY

On May 10, 2002, the Company entered into an option agreement (as amended) with Braniff Gold Corp. to acquire an undivided 100% right, title, and interest in the property which is comprised of three mineral claims and three reverted crown grants located in British Columbia, Canada. To earn this interest, the Company paid $350,000, issued 200,000 common shares, and incurred exploration expenditures of $100,000. The optionor retains a 3% net smelter royalty