Westminster Project Combined annual report for the period 25 October 2009 to 24 October 2010 A 25952, A 26500 and A 26558

Abstract

Exploration carried out on the tenements in the year ended 24 October 2010 included: Data Compilation, mapping, RC Drilling on A 25952 and rehabilitation activities. The Westminster Project remains high prospective to host significant ore grade copper and gold mineralization. A review of the geophysical data base suggests the strike length of the mineralized shear alteration zone corridor is now estimated to be 2.2km in length. A series of lines of mineralization have been identified along the strike length of the Westminster Project area. Twenty two (22) reverse circulation (RC) holes were completed for 2873m. Drilling and analysis of the data has identified six lines of mineralization (A,C, D, E, F, G,). High grade (>5ppmAu) drill intersections returned during the reporting period include: 2m at 26.2ppmAu from 46m, in 09WMRC031, 1m at 23.6ppmAu from 91m, 1m at 6.61ppmAu from 97m, 1m at 5.53ppmAu from 86m, in 10WMRC047, 1m at 5.22ppmAu from 54m and 6m at 3.25%Cu from 54m in 09WMRC021. Drilling along Line 'F' has defined significant near surface gold mineralization. Detailed assessment of the constraints on the geometry of the systems was completed to interpret the location of potential high grade target zones.