BIGORNE GOLD EXLORATION APPLICATION

Bigorne Gold Exploration Application

The Bigorne Gold Exploration Application (“Bigorne”) is an exploration/concession application made by Indice directly with the Portuguese Government Mining Division. Bigorne is situated in northern-central part of Portugal and covers an area of 24 km². The main prospect includes a wide sheeted vein system, oriented N-S to NNE-SSW, hosted in Variscan granites from a suite of syn-to pos-tectonic intrusions.

A total of 15 historical holes have been drilled in several sections of the shear corridor with an indication of a bulk mineable potential as suggested by some of the best intercepts including:

• 2m grading 1.10 g/t Au from 35m, Including 10m grading 2 g/t Au in hole BI-1;
• 13m grading 1.66 g/t Au from 53m, including 6m grading 2.32 g/t Au in hole BI-3;
• 27m grading 1.0 g/t Au from 36m, including 5m grading 1.53 g/t Au in hole BI-4 and
• 13m grading 1.61 g/t including 4m grading 2.48 g/t Au from 39m in hole BI-5.