| Property Locations |
| Location Name: | *Anderson Mountain Property | Area Name: | *Bonnifield District |
| Effective Date: | 10/Jun/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Nov/2001 | Phone: | (not available) |
| Address: | Alaska USA North America
| Fax: | (not available) |
| Description: | Agr. with Atna Res. whereby Grayd granted Atna an option to earn a 50% interest. became 100% in 1999 |
 |
| Location Name: | *Boundary Property | Area Name: | * |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Aug/2000 | Phone: | (not available) |
| Address: | Alaska USA North America | Fax: | (not available) |
| Description: | Property Acquisition agreement with Pacific Alaska Resource Corporation. VSE Notice 98/04/06. |
 |
| Location Name: | *CAT Property | Area Name: | * |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Aug/2000 | Phone: | (not available) |
| Address: | Alaska USA North America | Fax: | (not available) |
| Description: | Property Acquisition agreement with Pacific Alaska Resource Corporation. VSE Notice 98/04/06. |
 |
| Location Name: | *Delta Property | Area Name: | *Near Tok, Alaska |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 9/Feb/2012 | Phone: | (not available) |
| Address: | Alaska USA North America
| Fax: | (not available) |
| Description: | |
 |
| Location Name: | *Delta Property | Area Name: | *Near Tok, Alaska |
| Effective Date: | 14/Sep/1998 | Location Ownership Percent: | 27 |
| Expiry Date: | 2/Oct/1998 | Phone: | (not available) |
| Address: | Alaska USA North America
| Fax: | (not available) |
| Description: | Joint venture with American Copper & Nickel Company, Inc, a wholly owned subsid of Inco, U.S. |
 |
| Location Name: | *Dorset Property | Area Name: | *Baie Verte |
| Effective Date: | 30/Aug/2002 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Nov/2003 | Phone: | (not available) |
| Address: | Newfoundland Canada North America
| Fax: | (not available) |
| Description: | |
 |
| Location Name: | *Dry Creek Property | Area Name: | *Bonnifield District |
| Effective Date: | 10/Jun/1999 | Location Ownership Percent: | 100 |
| Expiry Date: | 1/Nov/2001 | Phone: | (not available) |
| Address: | Alaska USA North America | Fax: | (not available) |
| Description: | Agr. with Atna Res. whereby Grayd has granted Atna an option to earn a 50% interest, became 100% |
 |
| Location Name: | *Duncan Canal Claims (DC Property) | Area Name: | * |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 1/Jan/2001 | Phone: | (not available) |
| Address: | Alaska USA North America | Fax: | (not available) |
| Description: | Property Acquisition Agreement with Pacific Northwest Resources Company. VSE Notice 98/04/06. |
 |
| Location Name: | *Eagle Summit Property | Area Name: | *Close proximity to Circle, Alaska |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Aug/2000 | Phone: | (not available) |
| Address: | Alaska USA North America | Fax: | (not available) |
| Description: | Property Acquisition agreement with Pacific Alaska Resource Corporation. VSE Notice 98/04/06. |
 |
| Location Name: | *Fosters Creek Zone | Area Name: | * |
| Effective Date: | 13/Aug/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Sep/1998 | Phone: | (not available) |
| Address: | Alaska USA North America
| Fax: | (not available) |
| Description: | |
 |
| Location Name: | *Glacier Creek Property - Inmet Properties | Area Name: | Bonnifield District |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 40 |
| Expiry Date: | | Phone: | (not available) |
| Address: | Alaska USA North America | Fax: | (not available) |
| Description: | Underlying agreement with Inmet Mining (60%). Agreement with Pacific Alaska. VSE Notice 98/04/06. |
 |
| Location Name: | *Glenwood Property | Area Name: | *Botwood Basin/Gonder Area |
| Effective Date: | 20/May/2002 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Nov/2003 | Phone: | (not available) |
| Address: | Newfoundland Canada North America
| Fax: | (not available) |
| Description: | |
 |
| Location Name: | *GL Property | Area Name: | * |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Aug/2000 | Phone: | (not available) |
| Address: | Alaska USA North America | Fax: | (not available) |
| Description: | Property Acquisition agreement with Pacific Alaska Resource Corporation. VSE Notice 98/04/06. |
 |
| Location Name: | *Kiss Property | Area Name: | * |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Aug/2000 | Phone: | (not available) |
| Address: | Alaska USA North America
| Fax: | (not available) |
| Description: | Property Acquisition agreement with Pacific Alaska Resource Corporation. VSE Notice 98/04/06. |
 |
| Location Name: | *La India Project | Area Name: | *Mulatus Mining District |
| Effective Date: | 10/Jun/2004 | Location Ownership Percent: | 100 |
| Expiry Date: | 9/Feb/2012 | Phone: | (not available) |
| Address: | Sonora Mexico North America
| Fax: | (not available) |
| Description: | |
 |
| Location Name: | *LT Property | Area Name: | * |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Aug/2000 | Phone: | (not available) |
| Address: | Alaska USA North America | Fax: | (not available) |
| Description: | Property Acquisition agreement with Pacific Alaska Resource Corporation. VSE Notice 98/04/06. |
 |
| Location Name: | *MXH Property | Area Name: | * |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Aug/2000 | Phone: | (not available) |
| Address: | Alaska USA North America | Fax: | (not available) |
| Description: | Property Acquisition Agreement with Pacific Northwest Resources Company. VSE Notice 98/04/06. |
 |
| Location Name: | *PIT Property | Area Name: | * |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 1/Jan/2001 | Phone: | (not available) |
| Address: | Alaska USA North America | Fax: | (not available) |
| Description: | Property Acquisition Agreement with Pacific Northwest Resources Company. VSE Notice 98/04/06. |
 |
| Location Name: | *Seel Property | Area Name: | *Tahsla Lake, Canada |
| Effective Date: | 31/Jan/2003 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Jul/2008 | Phone: | (not available) |
| Address: | British Columbia Canada North America
| Fax: | (not available) |
| Description: | |
 |
| Location Name: | *Sheep Creek | Area Name: | * |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 1/Jan/2000 | Phone: | (not available) |
| Address: | Alaska USA North America
| Fax: | (not available) |
| Description: | |
 |
| Location Name: | *VABM Property | Area Name: | * |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Aug/2000 | Phone: | (not available) |
| Address: | Alaska USA North America | Fax: | (not available) |
| Description: | Property Acquisition Agreement with Pacific Northwest Resources Company. VSE Notice 98/04/06. |
 |
| Location Name: | *WF (WT) Property | Area Name: | * |
| Effective Date: | 6/Jan/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 31/Aug/2000 | Phone: | (not available) |
| Address: | Alaska USA North America | Fax: | (not available) |
| Description: | Property Acquisition agreement with Pacific Alaska Resource Corporation. VSE Notice 98/04/06. |
 |
| Location Name: | *White Gold Property | Area Name: | *TOK Mining District (Delta Mineral Belt) |
| Effective Date: | 4/Jun/1998 | Location Ownership Percent: | 100 |
| Expiry Date: | 30/Nov/2003 | Phone: | (not available) |
| Address: | Alaska USA North America
| Fax: | (not available) |
| Description: | |