Property Holdings

On November 1, 2010, the Company announced that it had reached a settlement of its lawsuit, in U.S. District Court in Reno, Nevada, against the Estate of Nadean Bedford (the “Estate”), and certain of the Estate’s remaining beneficiaries.  The Estate was the underlying owner of the Company’s Simon Mine property.  Pursuant to the terms of the settlement, the Company acquired sole and exclusive ownership of 100% of the right, title and interest in and to the Simon Mine property.  The Company holds 20 patented and 83 unpatented claims.