Outlook

The Company's focus in the next quarter would be receipt and assessment of the results of the 2015 exploration programs. These results would be used to assess the next phase of work and expenditures required to advance the projects. Major activities going forward include working with Teck to advance the optimization studies at Schaft Creek, completion of the PEA at the Van Dyke ISL copper project and continuing the work necessary to incorporate the legacy and current data into the project database at the Eaglehead project with Carmax. The working capital position of the company is such that, the Company should not require additional working capital to continue as a going concern, for the next year.