Properties

Stormy Mountain Molybdenum Property, Yukon Territory

In February 2005, the Company acquired a 100% interest in 20 mining claim units located in the Pelly Mountains of south central Yukon Territory, referred to as the Stormy Mountain Molybdenum Property. In consideration, the Company had paid $75,000 in cash and issued 2,000,000 common shares from the Treasury to the Vendors. The Property was subject to a 2% Net Smelter Royalty (“NSR”) with the Company having the right to purchase 1% of the NSR for $1,000,000 from the Vendors.

The Property consists of 20 staked quartz claims covering approximately 2,500 acres (1,000 hectares). Past work indicates that Stormy Mountain has good potential for the discovery of zones containing high grade (> 0.5%) molybdenum and tungsten. Molybdenum and tungsten are both strategic metals which are used to create speciality steel products. These metals add strength and hardness to steel for uses such as oil/gas pipelines. Prices for molybdenum appear to be recovering after having experienced a decline over the past 12 months. The Company is planning an exploration program, to include drilling. Preliminary consulting work has commenced. During the past year, the Company paid additional staking cost of $7,158 to maintain the property in good standing.

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