The Jasper Property is comprised of 82 contiguous mineral claim units, totaling approximately 2050 hectares, located west of Cowichan Lake on west-central Vancouver Island, British Columbia. The claim units consist of three former Minfile occurrences known as the Jasper, Tam and Pan-Easy Prospects. The claims are are all in good standing until October 30, 2010. The Corporation optioned the Jasper Property in 1995 and acquired a 100% interest in December 1996.

The following conclusions were reached in a Technical Report based on the results of historical exploration programs and the programs conducted by the Corporation:

• A major north-south structure transacts Vancouver Island and is readily apparent on Land sat and DEM Hillshade imagery. Four Mile Creek and the Jasper Property underlie a portion of the structure.

• A major pyritic, argillic hydrothermal alteration zone is present along the fault structure in Four Mile Creek and trends to the north towards Jasper Creek.

• At least eight areas within the alteration zone contain massive sulphide showings.

• Most showings are exposed in logging road cuts.

• Highly anomalous poly-metallic soil geochemical anomalies were reported from grid soil sampling conducted on the Property prior to logging. Recent soil grids established after logging at the J-Branch Main Showing and Pan Road Showing areas also returned highly anomalous results.

• At the J-Branch Main Showing, massive sulphide lenses are hosted in chloritized mafic volcanics. The sulphide lenses are concordant with the local volcanic stratigraphy. The intermediate and mafic volcanics are subaqueous as they contain (minor) intercalated argillite beds. The massive sulphide lenses contain coarse angular massive sulphide and wallrock volcanic breccia fragments hosted in a fine sulphide matrix. Soil grid geochemical anomalies indicate the mineralization trends to the northwest and to the south towards the Pan showing areas. Test geophysical surveys were useful to help define drill targets at the J-Branch Main Showing and elsewhere on the grid.

• At the Pan Road Showings, both stringer style and strata bound mineralization outcrops in road cuts. Some of the massive sulphide mineralization is capped by a barite and chert exhalite horizon. Highly anomalous poly-metallic soil geochemical anomalies are present in the covered hillside upslope from the feeder zone style mineralization.

• The Jasper Property is at an early stage of exploration. Additional surface work followed by possible trenching and "discovery" diamond drilling is required prior to the establishment of an economic resource.