Annual exploration report EL 25311 for period ending 21 December 2010 Pine Creek East Project

Abstract

Territory Uranium Company Ltd applied for EL 25311 primarily to explore for vein-hosted U mineralisation and secondly to evaluate the potential for other types of economic mineralization such as Au. Work during Year 2, Year three and Year four of tenure consisted of field reconnaissance and drilling of two prospects, Nags Head/Pony Tail and the Bonrook Alluvial prospect. In year 3 TUC, after reviewing its tenement commitments, has chosen to sell this tenement, as part of a package, to Anhui Geology and Mining Investment Ltd. This sale was established as a direct result of attending the Ministers delegation to China in 2008. Work done during Year 4 of tenure consisted of field reconnaissance and a geophysical program which focused on all blocks. The primary data was obtained and the detailed treating and discussing had been taking.