Highlights:

1. A total field airborne magnetic survey (approximately 2,500 line kms) has been completed for a distance of 7 kms to the north and 17 kms to the south of the area surveyed in 2011. The survey is expected to cover a portion of the recently announced Jay/Scotch option,
2. The data from the 2011 and 2012 airborne magnetic surveys will be merged into one map and submitted to Mira Geosciences Limited for interpretation,
3. Seven mineral tenures have been acquired at the north end of the Schaft Creek project. One of these mineral tenures covers the interpreted northern extension of the Schaft Creek Mineral Trend, and
4. Diamond drilling of the Discovery Zone (DDH CF422-2011) located approximately 1,200m northwest of the Schaft Creek deposit is expected to commence in early June, subject to snow conditions.