TELEGRAPH MINE

THE TELEGRAPH MINE

PROJECT OVERVIEW:

–.21 oz Au/ton average (510,440 tons measured ore after dilution surface exposed and to a depth of 250′)

–107,192 measured oz Au, NPV $48,427,617(at $1,350 per oz Au)

-Low sulphidation epithermal boiling deposit

-Mineralization consistent to a depth of 1500′-Vein is traceable along strike for 3200′ (mineralized throughout length)

–3 patented claims, 5 unpatented claims

VEIN DRILLING AVERAGES:

TELEGRAPH CLAIM

-64 drill intercepts

-.51 oz Au/ton average width 8′

TELEGRAPH SOUTH CLAIM

-23 drill intercepts

-.45 oz Au/ton, average width 5′