SUMMARY

• LOCATION…………………………LANDER COUNTY, NEVADA

• PROJECT……………………………OPEN PIT GOLD MINE

• MINE LIFE………………………….10 YEARS

• ANNUAL PRODUCTION……..…..4.8 MILLION TONS OF ORE

• 283,500 OUNCES OF GOLD

• STRIPPING RATIO…………………2.5:1

• PROCESS……………………………HEAP LEACHING

• RECOVERY…………………………74%

• PROJECT COST…………………….$73.2 MILLION

• BANK LOAN……………………….$36.6 MILLION AT 6% OF INTEREST

• PRESENT VALUE………………….$10.8 MILLION

• INTERNAL RATE OF RETURN…..24%

• CASH COST PER OUNCE…………$165

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