McFauld's VMS Project Update

UC Resources has announced the acquisition of 37 contiguously staked claims consisting of 499 units totalling approximately 7984 hectares or nearly 80 square kilometres in the McFaulds Camp, Ring of Fire area.

UC Resources has advised Spider and KWG that it has expended in excess of $1.0 million on the subject properties that, if approved, would constitute completion of UC's second year earn-in approximately five months ahead of schedule. UC's interest in the subject claims, once approved, would then be adjusted to reflect a 25% interest, leaving Spider and KWG with an aggregate 75% interest in the subject properties.

Drilling has resumed on the McFaulds property in Northern Ontario. The current drill program will be concentrated near the location of drill hole UC-08-04 (assay results are pending), where volcanogenic massive sulphide style mineralization was noted, which is in proximity to two gold discovery holes drilled by Noront Resources Ltd.