Dear shareholder,

Thank you for your inquiry. The property is located 16 miles southeast of Ely, Nevada adjacent to the Taylor Springs Mine, consisting of 58 unpatented claims. During the fiscal year the Company identified four gold bearing targets on the Ridgetop property, and the additional staking of 27 more unpatented claims at Ridgetop, bringing the total to 42 claims and the acquisition of the Jo property consisting of 17 unpatented claims containing possible silver and gold targets. The Company’s 2006 exploration fieldwork indentified three strongly anomalous gold target-North RT Target anomalous surface gold values up to 0.67 grams per ton occurring in fault-controlled brecciated jasperoids along strike length over 500 meters. East RT Target anomalous gold values up to 0.74 grams per ton in jasperoids at Pilot Shale Guilmette Limestone contact and along a cross – cutting shear zone measuring 150 meters x 60 meters, open to the north and south. SRT East Target occurring along a strike length of over 1,100 meters having significant gold mineralization with values up to 1.03 grams per ton.

Regards,

AGORACOM Investor Relations