APOLLYON VALLEY

At the Apollyon Mine soil sampling results show coincident and strong Pb-Zn-As-Cu (Au) anomalism over a strike length of approximately 1.5 kilometres. At the Imperial Mine results show coincident and strong Pb-Zn-As-Cu (Au) anomalism over the three northernmost sampling lines. assay results confirmed the previous Niton analyser results. These anomalies now represent prime targets for drill testing. Further soil sampling and in-fill Niton sampling is planned to better define the Niton generated geochemical anomalies at Apollyon Valley, Allendale, Copper King, Wolseley, Speedwell and Big Aller. RAB drilling will be conducted at selected targets generated by this program. (Oct29/08)

Has completed a major assessment of the Niton XRF assay dataset which now consists of analyses from over 110,000 individual sites. The Niton programme has been conducted on a nominal grid of 40 x 400 metres, with higher density infill sampling (as close as 10 x 100 metres) over areas of particular interest.

Conventional soil geochemical sampling was taking place on anomalous areas previously defined by the NITON XRF analyzer. Following the completion of geochemical sampling utilizing a Niton XRF portable infield analyser on more than 100,000 sites, joint venturer CBH has isolated seven key target zones that show strongly anomalous lead-zinc values. These zones are being considered for drill testing, however, prior to the commencement of drilling and during the next two quarters, CBH will refine the delineation and categorization of anomalies using conventional (and more accurate) soil geochemical analyses for lead and zinc as well as key indicator elements. (Jan/08)