I had some questions for Elmer so I sent off this email. His response is in the brackets.

Hello Elmer Stewart,

Up until the latest Joint Venture meeting, it was expected that the Geological Model for the Schaft Creek deposit would be completed by the end of this year. The latest news release mentions how a discovery of a large deposit north of the site has changed all that.

(the operator of the Schaft Creek JV did locate a large zone of copper-gold mineralization exposed on surface. The approximate measurements of this zone is 1,300m by 900m. This is good in that it confirms the potential of the Schaft Creek project to host additional deposits in addition to Schaft Creek and Discovery zone. The discovery of this zone of mineralization does not affect the other aspects of the work underway at Schaft Creek)

To have completed this model in 2014, it would have to be determined whether or not 171 million tons of rock was considered to be waste or to be mined.

(The geological model would be used for several purposes such as; extent of alteration, structural controls on mineralization, potential for extensions of the mineralization and metallurgical characteristics. The 171 million tonnes of inferred resource inside the pit shell had to be reported as waste due to reporting requirements under NI43-101. This reporting would not be affected to any great extent by the geological model. Reporting requirements pursuant to NI43-101 does not allow the inclusion of inferred resources when reporting reserves, hence the classification as waste.)

Does the new discovery change the timeline on re-evaluating this area? Can we still expect to know the answers to this question this year?

(The recent news release set out the progress to date and the indication of additional work in 2015 by the JV. It is important that all aspects of the project are optimized before any major decisions are made. The decisions to be made and amount of capital involved mandate that the JV optimize all aspects of the project and identify if possible ways in which to reduce the capital exposure and enhance the economics. This work takes time and we would need to see the progress made by the Operator over the next few months to be able to answer your question . I plan to make another release after the next JV meeting subject to regulatory reporting requirements)

Thank you for your time

XXXXX