Please see the technical report entitled "Updated Technical Report and Preliminary Economic Assessment for the Black Butte Copper Project, Montana" dated July 12, 2013 (the "PEA"), which is available on SEDAR, for more information. The PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. This is not an offer of any securities.