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Island Copper Project Resource

NI 43-101 Compliant Resource Estimate

    Resource Grade Contained Metal
  Tonnes
M		 Copper
%		 Gold
g/t		 Cu Eq
%		 Copper
M lb		 Gold
M oz
Measured 39 0.29 0.31 0.48 251 0.4
Indicated 192 0.27 0.31 0.47 1,140 1.9
M + I 231 0.28 0.31 0.47 1,430 2.3
Inferred 53 0.28 0.38 0.52 326 0.6

Notes:

Technical Report: April 2005 - Qualified Persons: G. Giroux P. Eng. & D. Pawliuk P.Geo. - Total copper Cut-off: 0.20% - Cu Eq Metal prices: US$0.80/lb copper, US$350/oz gold - No discount for metallurgical recovery in contained metal figures

Updated: July 8, 2010