Drilling Intersects 0.11%Mo Over 524 Meters at the Lone Pine Property, B.C.

NI 43-101 Resource:

Measured + Indicated 110,340,000 tonnes Grading 0.083% Molybdenum

Ideal location with established infrastructure

The Property has access to an existing infrastructure including:

• Highway 16;
• Natural gas pipeline;
• Major hydro power transmission line and transformer sub-station;
• Located only 15 kilometers from the CN rail line in Houston, BC.

The Lone Pine Property consists of 7 mineral claims covering 1051 hectares, which are approximately 15 kilometers north-northwest of Houston, BC, and are situated in the Omineca Mining Division. Exploration or mining activities have been conducted on and around the area of the Lone Pine Claims since early in the last century, with a considerable amount of geological, geophysical, and geochemical work having been done on the Property since 1976. The Company is extremely pleased with the initial results on the first phase of drilling as significant molybdenum mineralization was intersected in all holes over such a large area, 1,200m by 1,000m, indicating a large geological system favorable for molybdenum deposition.

Drill hole BD-09-51 was located at the eastern margin of the granite intrusive intersecting strongly sheared volcanic and granitic intrusive stratigraphy followed by hornfelsed volcanics. Over limit assay results have been received from BD-09-51 within hornfelsed volcanics reporting 1.3% zinc and 396gmt silver over 2.0m within a 4.0m interval reporting 0.013% Mo. The remaining six drill holes (BD-09-52 to BD-09-57) were collared within the quartz feldspar intrusive granite, with drill hole azimuths oriented in an east-west direction. Re-analysis of over limit base and precious metal results from quartz vein intervals have been received reporting 529gmt silver over 2.0m within the quartz feldspar granite and 2.12% copper, 9.03% zinc and 303gmt silver over 0.5m at the granite intrusive contact in BD-09-53. Over limit results from BD-09-54 report 1.66% copper, 4.02% lead, 5.00% zinc and 2,400gmt silver over 0.4m within hornfelsed volcanics.

Grouse Mountain Update

The Company conducted a geochemical survey on the Grouse Mountain Property in August and September of 2009. A grid was established on the southwest-facing slope of Grouse Mountain, which is down slope of known showings and zones of mineralization. The geochemical grid was oriented perpendicular to the average trend of the mineralized zones, grid lines were established 200m apart and soil samples were collected at 50m intervals. A total of 356 soil samples and 6 rock samples were collected and submitted for analysis. Following the completion of the soil geochemical sampling program, geological mapping was completed over the gridded area to identify favorable settings for hosting structurally controlled copper, zinc, silver mineralization and to extend the property geology underlying the soil geochemical grid.