when they get the 13 mil they start, continued exploration, and production.

During the fiscal year ended November 30, 2010, the Company spent $121,000 (2009: $121,000) on mineral rights and $439,000 (2009: $869,000) on the mineral exploration and drilling program. In addition, the Company has spent $664,000 (2009: $1,495,000) on other operating activities. The Company has been reviewing its budgets for its current business needs and its further exploration and early stage production at its Nolan Creek property in Alaska. Our plan of mining operations in Alaska anticipates that we will need to raise and expend approximately $10,560,000 during fiscal year 2011. We will also need to raise and spend approximately $3,000,000 on general and administrative costs during fiscal year 2011.

The Company is currently seeking capital to place the Nolan mine into the development and production phase.