PRIVATE PLACEMENT

The Company is pleased to announce it has arranged a non-brokered private placement of up to 2. million units at a price of $0.12 per unit, for total gross proceeds of up to $240,000 subject to regulatory and all other required approvals. Each unit will consist of one common share and one non-transferable common share purchase warrant, each two (2) warrants will be exercisable at $0.15 for one (1) common share until one year after the closing. The issuance will comply with the hold periods and legending requirements as required by section 5.3 of TSX Venture Policy 3.2.

The Company is well funded, has no debt and management continues to actively review business opportunities to increase shareholder value in Alaska, USA, Mexico and elsewhere. Funds will be used on existing properties and as general working capital or as otherwise allowed by the TSX.