Superjack and Nash

The Company received payments of 300,000 CNX shares and $100,000 cash on closing the sale of the Superjack and Nash projects to Callinex Mines Inc.  SLAM to receive an additional $375,000 in cash and/or shares over a 3-year period plus  $125,000 in cash or shares upon completion of a Preliminary Economic Assessment on the Nash property.

The Company retains a 1% NSR royalty on the Superjack and Nash projects subject to a buy back of 0.5% NSR for $500,000.  The royalty will increase by 0.25% NSR when zinc prices exceed US $1.25 per pound and an additional 0.25% NSR when zinc rises above US $1.50 per pound.

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