SPRINGER MINING COMPANY, NEVADA

Springer is located in Pershing County between Winnemucca and Lovelock, Nevada and is accessible by paved road. The mine and mill were originally constructed by General Electric in the late 1970's. The mill facility has been maintained on care and maintenance continually with major renovation conducted between 2007 and 2012.

In 2012, EMC Metals Corp. demonstrated that the Springer project was and is a viable tungsten business to restart, with the issuance of a new and larger NI 43-101 tungsten resource, along with a Preliminary Economic Assessment ("PEA").

Asset Highlights

-- Underground mine and surface mill facility

-- NI 43-101 Resource established and PEA completed

-- Mine/mill sized for 1,200 tpd - production capacity of 146,000 MTU WO3 p.a

-- Located in a historic tungsten-producing district, with excellent infrastructure in place

-- Environmental and operating permits largely in place to re-start facility

-- Strong tungsten price, permitting status, and refurbished mill supports a 12 month, time-to- cash restart

Springer is a former tungsten production facility consisting of a 1,360-ft vertical shaft and underground workings, a 1,200 ton per day mill with automated rod/ball mill grinding and flotation circuits, plus all water rights, and virtually all permits necessary for operation of the facility. The original construction cost for the asset in 1981 was $71 million, and EMC has invested approximately $20 million in mill and site refurbishment and upgrading/automation in the last 4 years. The NI 43-101 five-year resource estimate represents start-up production volumes and a considerably larger historic resource estimate was in place at the time of construction and ownership by GE/Utah International Inc.

On September 20, 2012, EMC announced the results of a positive, National Instrument (NI) 43-101 compliant Preliminary Economic Assessment ("PEA"). The PEA was prepared for EMC by Associated Geosciences LTD. of Calgary, Alberta, Canada, and Practical Mining LLC. of Elko, Nevada, USA, both independent mining industry consultants.

Highlights from the PEA/Resource Update*:

-- Project restart is economic, feasible, and supported by existing tungsten prices, based on a five year NI 43-101 production resource

-- Five-year mine life NPV of $22.8 million (8% discount, constant dollar, after tax)

-- IRR of 47% on restart capital of $30 million

-- Indicated resource increase of 81,000 tons (+29.6 %) over previous resource estimate

-- Inferred resource increase of 837,600 tons (+76.3 %) over previous resource estimate

-- New resource added on western side of the property, no previous resource estimate; and

-- Average annual tungsten (WO3) production of 134,960 MTU (total 674,790 MTU)

* Based on the technical report entitled "Preliminary Economic Assessment of the Springer Tungsten Mine, Pershing County, Nevada, USA" prepared for EMC Metals Corp. by Associated Geosciences Ltd. of Alberta, Canada. Resource estimates have an effective date of August 20, 2012. To the best of the Company's knowledge, information, and belief, there is no new material scientific or technical information that would make the disclosure of the mineral resources and results of the preliminary economic assessment inaccurate or misleading. The preliminary economic assessment is preliminary in nature, that it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. Michael Maslowski, a qualified person under NI 43-101, reviewed the report on behalf of AMB.

CARLIN VANADIUM, NEVADA

AMB also agreed to acquire the Carlin Vanadium property under the terms of the LOI with EMC. One of the largest known primary vanadium resources in the United States, the Carlin Vanadium property consists of 72 unpatented mineral claims covering 1,149 acres (~578 hectares). The property is located along the Carlin gold trend 10 km southwest of Newmont's Carlin Operations, approximately 10 km west of Newmont's Rain Deposit (gold), and 15 miles from the community of Carlin, Nevada. Mineralization is hosted within a 50 ft thick horizon of black shales within the Devonian Woodruff Formation, which consists of dark grey to black siliceous mudstones, and chert with lesser amounts of shale, siltstone, dolomitic siltstone, and calcareous sandstone. The Woodruff formation is unconformably overlain by shallow dipping Permian-Pennsylvanian siltstones, shales, conglomerates, and carbonates of the Chainman and Diamond Peak Formations. Anomalous gold has been encountered in limited surface exploration of the upper plate.

EMC Metals received a technical report prepared pursuant to NI 43-101 from SRK Consulting (US), Inc. entitled "NI 43-101 Technical Report on Resources - EMC Metals Corp. - Carlin Vanadium Project -Carlin, Nevada" with an effective date of April 9, 2010. The technical report disclosed a resource estimate including an inferred resource of 25.4 million tonnes, grading 0.51% V2O5, containing 289 million pounds of V2O5, at 0.3% cut-off grade. To the best of the Company's knowledge, information, and belief, there is no new material scientific or technical information that would make the disclosure of the mineral resources and results of the preliminary economic assessment inaccurate or misleading.

COPPER KING PROJECT, NEVADA

AMB also agreed to acquire the Copper King Property, Nevada, located in Pershing County, Nevada, under the terms of the LOI with EMC. The Copper King Property is comprised of 8 Lode mineral claims. A historic resource is reported of 500,000 tons of 0.45% WO3 (Nevada Bureau of Mines, Bulletin 105, 1988). A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and the Company is not treating the historical estimate as current mineral resources or mineral reserves.

OTHER PROVISIONS

The Agreement provides for the transaction to close within 90 days.

In connection with the transaction, AMB received a loan from an insider in the amount of US$2.5 million. The loan is unsecured and repayable in 120 days.

The technical content of this news release has been reviewed and approved by Michael Maslowski BSc, CPG, the Company's Chief Operating Officer and a Qualified Person as defined by National Instrument 43-101