SPIUS PROJECT JV

The Property is in southwestern British Columbia (Figure 4.1), approximately 10 km east- northeast of Boston Bar and 40 km southwest of Merritt, BC, in the New Westminster and Nicola Mining Divisions. The Property is centered at approximately 49o55’05” N latitude and 121o16’01” W longitude on NTS map sheet 92H/14. The Property comprises 7 mineral claims covering 2,205.5 ha. Pacific Ridge is the recorder owner of a 100% interest in the claims while the beneficial owners are John A. Chapman (25%), Gerald G. Carlson (25% - held on behalf of KGE Management Ltd.), Christopher R. Paul (25%) and Michael A. Blady (25%) (the “Vendors”) (Table 4.1 and Figure 4.2).