War Eagle Mountain Geologic Summary: SFMI provides the following summary by Barrett Cupp, Senior Geologist at Kinross Gold, Co.:

"The War Eagle-Florida-Delamar Mountain trend is an east to west continuum with very tight high grade silver and gold mineralization to the east (War Eagle Mountain) and increasing volume and decreasing grade to the west (DeLamar Mountain). DeLamar Mountain, the western most of the three, has been successfully open-pit mined since 1977. During that period, close to 100 million tons of material has been excavated, including over 15 million tons of ore. Collectively, past underground mining and modern open pit techniques have produced approximately 67 million ounces of silver and 1 million ounces of gold. DeLamar Mountain is owned by Kinross Gold, Co., (NYSE: KGC). In its’ first year of operation, the DeLamar Mine recorded the highest tonnage of Ore ever produced in the Company’s history, at the time, producing 39,542 oz of Gold and 1,899,520 oz of Silver. Ore mineralogy found within the veins on War Eagle Mountain is identical to the regimes found on the other two mountains. The only key difference is the country rock or precursor host rock. The granodiorite core on War Eagle (Granite) contains the veins whereas the extrusive volcanics predominately host the mineralization on the other two mountains. This means that the shafts on War Eagle Mountain are more stable, with minimal need to shore the walls with timber. Based upon records from the 1800s, and records of the current open- pit mining operations on Florida and DeLamar, mineral ore from War Eagle Mountain was obtained in greater amounts from far less material moved. The veins of War Eagle Mountain were of far higher value per ton than any other mining operation in the Silver City Mining District and some have speculated that they are more valuable per ton than the historically famous Comstock mother-lode. Should exploration be initiated on War Eagle Mountain, I would fully expect them to encounter high grade silver and gold mineralization. The veins in the Mountain have not been fully exploited with respect to length or depth. My experiences at Florida and DeLamar Mountains dictate that any new exploration ventures should be focused on the War Eagle Mountain if a large scale project is the desired goal in this mining district. “No other property holds the promise of silver and gold than War Eagle”.