Currently to date there is a 50% Joint Venture between Jaguar Resources and Saturn Minerals on the following properties.

EP72-Bannock Creek.....&.....EP71-Little Swan

First to be drilled....

EP72-Bannock Creek and the validation of the Company’s exploration model has resulted in Saturn selecting this prospect as the Company’s first exploration well which will be drilled and completed conventionally to a depth of less than 1000 meters. Permitting and licensing for a well at this location is underway.

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Bayhorse Silver has a 50% interest with Saturn on the EP71-Little Swan property only, Saturn has received final work permits to complete the seismic program on Petroleum Exploration Permit 71 (the “Little Swan Property”). The Company has retained GeoStrata Resources Inc. of Calgary to complete the seismic program and has mobilized a work crew to commence work on the Little Swan.