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TULKS HILL BASE METAL PROJECT

The Tulks Hill deposit is 100% owned by Buchans Resources. The deposit is a volcanogenic massive sulphide deposit located approximately 40 km to the south-west of Buchans and to the south-west of the company’s Tulks North property. The resource at Tulks Hill is estimated to be approximately 431,000 tonnes at an average grade of 0.89% Cu, 3.97% Zn, 1.61% Pb, 35.09 g/t Ag, and 1.17 g/t Au.

SCOTT WILSON RPA MINERAL RESOURCE ESTIMATE OF THE T3 LENS,JUNE 2008Tulks Hill DepositMineral Resources Above the AditSCOTT WILSON RPA MINERAL RESOURCE ESTIMATE OF THE T3 LENS,JUNE 2008Tulks Hill DepositMineral Resources Above the AditSCOTT WILSON RPA MINERAL RESOURCE ESTIMATE OF THE T3 LENS,JUNE 2008Tulks Hill DepositMineral Resources Above the AditSCOTT WILSON RPA MINERAL RESOURCE ESTIMATE OF THE T3 LENS,JUNE 2008Tulks Hill DepositMineral Resources Above the AditSCOTT WILSON RPA MINERAL RESOURCE ESTIMATE OF THE T3 LENS,JUNE 2008Tulks Hill DepositMineral Resources Above the AditSCOTT WILSON RPA MINERAL RESOURCE ESTIMATE OF THE T3 LENS,JUNE 2008Tulks Hill DepositMineral Resources Above the AditSCOTT WILSON RPA MINERAL RESOURCE ESTIMATE OF THE T3 LENS,JUNE 2008Tulks Hill DepositMineral Resources Above the AditSCOTT WILSON RPA MINERAL RESOURCE ESTIMATE OF THE T3 LENS,JUNE 2008Tulks Hill DepositMineral Resources Above the Adit
ZoneCategoryTonnes% Cu% ZnGrade% Pbg/t Agg/t Au
2Indicated290,0000.915.032.0038.811.24
3Indicated30,0000.522.671.5361.520.59
TotalIndicated320,0000.874.811.9640.941.18
Mineral Resources Below the Adit and ElsewhereMineral Resources Below the Adit and ElsewhereMineral Resources Below the Adit and ElsewhereMineral Resources Below the Adit and ElsewhereMineral Resources Below the Adit and ElsewhereMineral Resources Below the Adit and ElsewhereMineral Resources Below the Adit and ElsewhereMineral Resources Below the Adit and Elsewhere
ZoneCategoryTonnes% Cu% ZnGrade% Pbg/t Agg/t Au
1Indicated4,0000.791.090.4126.190.31
2Indicated44,0000.761.770.5619.532.76
3Indicated5,0000.522.461.3957.950.66
4Indicated58,0001.121.420.6015.090.06
TotalIndicated111,0000.941.550.6018.241.15