Math Option

• 100% Uravan – acquired from ESO Uranium in February 2011.

•  Project area adjoins the OR project on the north and is located along the NE extension of the Cable Bay structural corridor, and east of Pasfield Lake, Athabasca Basin.

• Surface geochemical program completed in July 2011, resulting in 612 samples collect from three surface media: B/C horizon soils, spruce/pine vegetation and tree-cores

• Data analysis identified anomalous trends, consisting of radiogenic Pb isotopic compositions in soil horizons and tree-cores that correlate with associated pathfinder elements and regional magnetic data.

• An airborne ZTEM survey completed over the MATH project in 2009 by ESO Uranium.

• The interpretation of the ZTEM airborne geophysical survey displays a strong NE-SW trending EM conductor (the “Pasfield Conductor”) that coincides with a linear low magnetic susceptibility feature. The Pasfield Conductor and low magnetic feature form a corridor that transects the Math project and extends to the SW onto the OR project.

• In 2011 specific surface geochemical targets that correlate with the Pasfield conductor were tested with one (1) diamond drill-holes (OR11-07) in combination with the OR drilling; OR11-06 totalled 719 meters drilled.

• Follow-up drilling is proposed for 2012