BLUE CARIBOU

Mega Precious Metals reported that a step-out hole at the Blue Caribou Copper Zone in Nunavut has extended the deposit to depth of at least 225 metres. Hole BC09-34 intersected 4.2m of 3.0% copper, 0.06% molybdenite, 40.23 g/t silver, and 0.26 g/t gold at 700m down dip or 225m below surface. At 175m below surface, 400 meters to the west of hole BC09-34, at the western edge of the resource projection, hole BC09-33 intersected 5.8m of 1.19% copper, 0.02% molybdenite, 21.37g/t silver, and 0.08 g/t gold. These grades are consistent with and represent the down dip extension of previously reported inferred resources.

Mega Silver announced NI 43-101 compliant inferred resource estimate based on the results of the 32 diamond drill hole program completed in 2008 on its Blue Caribou Copper Deposit. The program successfully delineated an estimated inferred mineral resource of 2.77 million tonnes at a weighted average grade of 2.82% copper, 0.06% Molybdemun, 31.26 g/t silver and 0.20 g/t gold using a 1% cut-off grade for the copper and using a minimum true width of 2 metres. The resource was manually calculated using a longitudinal block section method which was duplicated and verified by a polygonal method

Skybridge Development announced results from eight final holes on its Blue Caribou Copper deposit located in Nunavut, Canada. Hole BC08-28 intersected 4.0 meters grading 4.35% copper, 0.025% molybdenum, 28.53 g/t silver. The current series of holes extends the deposit dimensions to a drill indicated strikelength of 900.0 m and open at a depth of 200.0 m down dip.