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Island Copper Project Snapshot

Based on Technical Report - April 2005
OWNERSHIP 100%
DEPOSIT TYPE Porphyry
PRIMARY METALS Gold, copper, molybdenum and rhenium
MINE TYPE Open Pit
LOCATION Vancouver Island, 25 km west of Port Hardy, British Columbia
INFRASTRUCTURE 29 km from infrastructure of former BHP Island Copper Mine
Tide water port & high voltage power
STATUS Evaluating exploration options

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$2.00/lb copper, US$875.00/oz gold - No discount for metallurgical recovery in contained metal figures

Updated: July 8, 2010