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Brookbank

The Company retains a 21-26% Joint Venture interest in over 600 gold mining claims in the prolific Beardmore-Geraldton gold belt held by operator Greenstone Gold Mines

SUMMARY OF BROOKBANK JV AGREEMENT

Metalore initially discovered the Brookbank main gold zone (within an 18 leased claim block) in the mid-1980s and subsequently acquired the majority of the present-day claim position. Currently, the Company retains a 1% NSR on the main gold-bearing property of 18 leased claims. Combined, the Brookbank Properties have a NI 43-101 compliant resource estimated by Scott Wilson Roscoe Postle Associates Inc. (March 2009) containing 376,200 ounces of Indicated and 236,300 ounces of Inferred resources as seen in the table below:

In their Dec 14, 2012, technical report, Micon International Limited gave the following In-pit and Underground classification tables for the Brookbank Resource

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