Red 5 Joint Venture in which significant gold intercepts from the latest drilling program at the Endeavour Prospect were achieved. The results from the 20 hole drill program, which included 17 reverse circulation for 706 metres and 3 diamond core holes for 141 metres include a suite of narrow vein, high gold grades of up to 124.4 grams per tonne which support historical and earlier work conducted on the prospect. The Company views it had earned in excess of a 70% interest in the Red 5 JV Tenements, but this is disputed by Red 5.

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