Red Mountain – Alaska, USA

The Red Mountain Property is considered to be prospective for volcanogenic massive sulphide (“VMS”) mineralization occurring in the Bonnifield District, located in the western extension of the Yukon Tanana terrane. Two advanced VMS prospects (Dry Creek and West Tundra Flats) have been the focus of exploration and drilling at the Property, in addition to at least 20 other early-stage exploration VMS prospects, and at least one prospect (Sheep Creek prospect) considered to be a sedimentary-hosted exhalative (“SEDEX”) base metals deposit type.