ITEA

Announced that the company was not conducting any exploration work for the time being.

Reported that it has finished conducting geochemical soil sampling and mapping program on the Northern section of the Itea property. The soil and rock sampling program, increased the exploration footprint of the mineralized structures at Itea to approximately 2.5 km and has a width up to 650 meters. Geophysical survey have identified a number of significant NE-SW trending chargeability anomalies coincident with the old workings, as well as a number of strong chargeability anomalies both to immediate NE and SW of these workings that coincide with anomalous soil samples.

Reported that the holes encountered up to 30 metres of silicified, pyritic sericite schist, however assay gold results received to date are low grade. Despite these initial results there remains considerable exploration potential at Itea.