HAWK RESOURCES LIMITED. — Interim / Quarterly Report 2019

Feb 23, 2020

December 2019 Quarterly Activities Report

COMPANY ACTIVITIES

• Earn-in and Joint Venture Agreement executed with Kennecott Exploration Company, a member company of the Rio Tinto Group

• IP survey at the White Mountain project planned

• Operating expenditures significantly reduced while the Company evaluated new acquisition opportunities

Alderan Resources Limited (ASX: AL8) (“Alderan” or “the Company”) is pleased to report on its activities for the Quarter ending 31 December 2019.

Kennecott Earn-in and Joint Venture for Frisco

As announced on 18 November 2019, Alderan executed a strategically important agreement for the earn-in and joint venture over its Frisco Project with Kennecott Exploration Company, a member of the Rio Tinto Group.

The earn-in agreement provides Kennecott the option to sole fund a three-stage earn-in totalling US$30 million for up to an undivided 70% interest. Kennecott also has the right to elect to form a joint venture at any time following the satisfaction of the initial earn-in stage as previously detailed.

Kennecott is required to maintain the Frisco Project in good standing and meet all required annual claim and lease fees, which removes project maintenance costs from Alderan.

On-going Exploration and Planned Work at White Mountain

Alderan has field reviewed the regional setting and project scale geology at White Mountain. The Project sits on a crustal scale ENE striking structure, and occurs on a western edge of a 15 kilometer diameter circular feature defined best in the regional aeromagnetics. The epithermal system is characterised by:

• Approximately 5km strike length of sinter terrace development, with associated development of chalcedony, native sulphur, alunite and massive calcite;

• The upper level is a preserved epithermal system and similar styles of mineralisation at this level show subdued Au at surface;

• However low level Au Ag anomalism in sampling at surface nearby is encourgaing;

• Significant dimensions of mapped structure provides space for commercial quantities of mineralisation; and

• The intersection of major NS and ENE structures coincides with the most intense alteration.

Alderan is targeting narrow vein targets (structure) OR larger bulk tonnage if the permeable units MARKET DATA exist within the boiling zone .

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==> picture [590 x 87] intentionally omitted <==

==> picture [517 x 314] intentionally omitted <==

The above image of the regional aeromagnetics, shows the major ENE trending crustal scale structure (black dashed), and the main circular structural feature. White Mountain occurs on the intersection of the western edge of the circular feature, and the major crustal structure.

Alderan will now complete an IP survey during the next quarter over the most intensely altered portion of the project, to define low suphidation Au-Ag drill targets.

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==> picture [590 x 87] intentionally omitted <==

==> picture [517 x 313] intentionally omitted <==

The geological map above of the White Mountain Prospect shows intensely chalcedonic-silic-clay alteration (red), to lesser altered silicic-clay (green).

==> picture [517 x 313] intentionally omitted <==

The image above shows the main structural elements at White Mountain (thick black dashed line), MARKET DATA on top of the regional aeromagnetics (reduced ot the pole, first vertical derivative). Old workings ASX Code: AL8

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and geological notes are shown by the red triangles. The proposed deep looking spectral IP survey will be completed in the shaded rectangular areas.

Business Development

Alderan has been actively evaluating other copper and gold opportunities and targets in the western USA.

Cost Reduction Program

As announced in the prior quarterly report, the Company continued to reduce its overhead costs to preserve its cash reserves. Cash outflows from operations (excluding exploration expenditure) in the current quarter was reduced by approximately 50% compared to the previous quarter.

This announcement was authorised for release by the Board of Alderan Resources Limited

ENDS

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Dr. M. Abzalov, who is a Competent Person according to the JORC 2012 Code. Dr. M. Abzalov is a Fellow of the AusIMM. He has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and the activity he has undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves’. Dr. M.Abzalov is employed as a director of Alderan Resources Limited.

Dr. M. Abzalov consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.

ALDERAN RESOURCES LIMITED

Ground Floor, 16 Ord Street, West Perth, 6005, WA

www.alderanresources.com.au

p: +61 8 9482 0560

Please direct enquiries to:

Peter Williams

Managing Director

info@alderanresources.com.au

Forward Looking Statement

Statements contained in this release, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of Alderan Resources Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those MARKET DATA expressed or implied by these forward-looking statements depending on a variety of factors. ASX Code: AL8

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Details of Mining Tenements Held at 31 December 2019

Unpatented Mining Claims Volantis Resources Corp

Claim Name	Serial No.	Beaver Co Document No.
AW 1	437250	264029
AW 2	437251	264030
AW 3	437252	264031
AW 4	437253	264032
AW 5	437254	264033
AW 6	437255	264034
AW 7	437256	264035
AW 8	437257	264036
AW 9	437258	264037
AW 10	437259	264038
AW 11	437260	264039
AW 12	437261	264040
AW 13	437262	264041
AW 14	437263	264042
AW 15	437264	264043
AW 16	437265	264044
AW 17	437266	264045
AW 18	437267	264046
AW 19	437268	264047
AW 20	437269	264048
AW 21	437270	264049
AW 22	437271	264050
AW 23	437272	264051
AW 24	437273	264052
AW 25	437274	264053
AW 26	437275	264054
AW 27	437276	264055
AW 28	437277	264056
AW 29	437278	264057
AW 30	437279	264058
AW 31	437280	264059
CT 1	426677	258648
CT 2	426678	258649
CT 3	426679	258650
CT 4	426680	258651

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	CT 5	426681	258652
	CT 6	426682	258653
	CT 7	426683	258654
	CT 8	426684	258655
	CT 9	426685	258656
	CT 10	426686	258657
	CT 11	426687	258658
	CT 12	426688	258659
	CT 13	426689	258660
	CT 14	426690	258661
	CT 15	426691	258662
	CT 16	426692	258663
	CT 17	426693	258664
	CT 18	426694	258665
	CT 19	426695	258666
	CT 20	426696	258667
	CT 21	426697	258668
	CT 22	426698	258669
	CT 23	426699	258670
	CT 24	426700	258671
	CT 25	426701	258672
	CT 26	426702	258673
	CT 27	426703	258674
	CT 28	426704	258675
	CT 29	426705	258676
	CT 30	426706	258677
	CT 33	426709	258680
	CT 34	426710	258681
	CT 35	426711	258682
	CT 36	426712	258683
	CT 37	426713	258684
	CT 38	426714	258685
	CT 39	426715	258686
	CT 40	426716	258687
	CT 41	426717	258688
	CT 42	426718	258689
	CT 43	426719	258690
	CT 44	426720	258691
	CT 45	426721	258692
	CT 46	426722	258693
	SF 82	426723	258694
	CT 47	426967	258845
	CT 48	426968	258846
	CT 49	426969	258847
	CT 50	~~MARK~~ ~~ASX Co~~ 426970	~~T DATA~~ ~~de: AL8~~ 258848

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	CT 51	426971	258849
	CT 52	426972	258850
	CT 53	426973	258851
	CT 54	426974	258852
	CT 55	426975	258853
	CT 56	426976	258854
	CT 57	426977	258855
	CT 58	426978	258856
	CT 59	426979	258857
	CT 60	426980	258858
	CT 61	426981	258859
	CT 62	426982	258860
	CT 63	426983	258861
	CT 64	426984	258862
	CT 65	426985	258863
	CT 66	426986	258864
	CT 67	426987	258865
	CT 68	426988	258866
	CT 69	426989	258867
	CT 70	426990	258868
	CT 71	426991	258869
	CT 72	426992	258870
	CT 73	426993	258871
	CT 74	426994	258872
	CT 75	426995	258873
	CT 76	426996	258874
	CT 77	426997	258875
	CT 101	434804	261072
	CT 102	434805	261073
	CT 103	434806	261074
	CT 104	434807	261075
	CT 105	434808	261076
	CT 106	434809	261077
	CT 107	434810	261078
	CT 108	434811	261079
	CT 109	434812	261080
	CT 110	434813	261081
	CT 111	434814	261082
	CT 112	434815	261083
	CT 113	434816	261084
	CT 114	434817	261085
	CT 115	434818	261086
	CT 116	434819	261087
	CT 117	434820	261088
	CT 118	~~MARK~~ ~~ASX Co~~ 434821	~~T DATA~~ ~~de: AL8~~ 261089

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	CT 119	434822	261090
	CT 120	434823	261091
	CT 121	434824	261092
	CT 122	434825	261093
	CT 123	434826	261094
	CT 124	434827	261095
	CT 125	434828	261096
	CT 126	434829	261097
	CT 127	434830	261098
	CT 128	434831	261099
	CT 129	434832	261100
	CT 130	434833	261101
	CT 131	434834	261102
	CT 132	434835	261103
	NW 101	434836	261104
	NW 102	434837	261105
	NW 103	434838	261106
	NW 104	434839	261107
	NW 105	434840	261108
	NW 106	434841	261109
	NW 107	434842	261110
	NW 108	434843	261111
	NW 109	434844	261112
	NW 110	434845	261113
	NW 111	434846	261114
	NW 112	434847	261115
	NW 113	434848	261116
	NW 114	434849	261117
	NW 115	434850	261118
	NW 116	434851	261119
	NW 117	434852	261120
	NW 118	434853	261121
	NW 119	434854	261122
	NW 120	434855	261123
	NW 121	434856	261124
	NW 122	434857	261125
	NW 123	434858	261126
	NW 124	434859	261127
	NW 125	434860	261128
	NW 126	434861	261129
	NW 127	434862	261130
	NW 128	434863	261131
	NW 129	434864	261132
	NW 130	434865	261133
	NW 131	~~MARK~~ ~~ASX Co~~ 434866	~~T DATA~~ ~~de: AL8~~ 261134

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	NW 132	434867	261135
	NW 133	434868	261136
	NW 134	434869	261137
	NW 135	434870	261138
	NW 136	434871	261139
	NW 137	434872	261140
	NW 138	434873	261141
	NW 139	434874	261142
	NW 141	434875	261143
	NW 142	434876	261144
	LIR 31	434877	261145
	NW 1	428552	259870
	NW 2	428553	259871
	NW 3	428554	259872
	NW 4	428555	259873
	NW 5	428556	259874
	NW 6	428557	259875
	NW 7	428558	259876
	NW 8	428559	259877
	NW 9	428560	259878
	NW 10	428561	259879
	NW 11	428562	259880
	NW 12	428563	259881
	NW 13	428564	259882
	NW 14	428565	259883
	NW 15	428566	259884
	NW 16	428567	259885
	CT 78	428568	259886
	SF 82	428569	259887
	SF 83	428570	259888
	SF 84	428571	259889
	SF 85	428572	259890
	NW 17	435319	261331
	NW 18	435320	261332
	SF 1	426435	258176
	SF 2	426436	258177
	SF 3	426437	258178
	SF 4	426438	258179
	SF 5	426439	258180
	SF 6	426440	258181
	SF 7	426441	258182
	SF 8	426442	258183
	SF 9	426443	258184
	SF 10	426444	258185
	SF 11	~~MARK~~ ~~ASX Co~~ 426445	~~T DATA~~ ~~de: AL8~~ 258186

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	SF 12	426446	258187
	SF 13	426447	258188
	SF 14	426448	258189
	SF 15	426449	258190
	SF 16	426450	258191
	SF 17	426451	258192
	SF 18	426452	258193
	SF 19	426453	258194
	SF 20	426454	258195
	SF 21	426455	258196
	SF 22	426456	258197
	SF 23	426457	258198
	SF 24	426458	258199
	SF 25	426459	258200
	SF 26	426460	258201
	SF 27	426461	258202
	SF 28	426463	258269
	SF 29	426464	258270
	SF 30	426465	258271
	SF 31	426466	258272
	SF 32	426467	258273
	SF 33	426468	258274
	SF 34	426469	258275
	SF 35	426470	258276
	SF 36	426471	258277
	SF 37	426472	258278
	SF 38	426473	258279
	SF 39	426474	258280
	SF 40	426475	258281
	SF 41	426476	258282
	SF 42	426477	258283
	SF 43	426478	258284
	SF 44	426479	258285
	SF 45	426480	258286
	SF 46	426481	258287
	SF 47	426482	258288
	SF 48	426483	258289
	SF 49	426484	258290
	SF 50	426485	258291
	SF 51	426486	258292
	SF 52	426487	258293
	SF 53	426488	258294
	SF 54	426489	258295
	SF 55	426490	258296
	SF 56	~~MARK~~ ~~ASX Co~~ 426491	~~T DATA~~ ~~de: AL8~~ 258297

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	SF 57	426492	258298
	SF 58	426493	258299
	SF 59	426494	258300
	SF 60	426495	258301
	SF 61	426496	258302
	SF 62	426497	258303
	SF 63	426498	258304
	SF 64	426499	258305
	SF 65	426500	258306
	SF 66	426501	258307
	SF 67	426502	258308
	SF 69	426503	258309
	SF 70	426504	258310
	SF 71	426505	258311
	SF 72	426506	258312
	SF 73	426507	258313
	SF 74	426508	258314
	SF 75	426509	258315
	SF 76	426510	258316
	SF 77	426511	258317
	SF 78	426512	258318
	SF 79	426513	258319
	SF 80	426514	258320
	SF 81	426515	258321
	WC 1	437525	264251
	WC 2	437526	264252
	WC 3	437527	264253
	WC 4	437528	264254
	WC 5	437529	264255
	WC 6	437530	264256
	WC 7	437531	264257
	WC 8	437532	264258
	WC 9	437533	264259
	WC 10	437534	264260
	WC 11	437535	264261
	WC 12	437536	264262
	WC 13	437537	264263
	WC 14	437538	264264
	WC 15	437539	264265
	WC 16	437540	264266
	WC 17	437541	264267
	WC 18	437542	264268
	WC 19	437543	264269
	WC 20	437544	264270
	WC 21	~~MARK~~ ~~ASX Co~~ 437545	~~T DATA~~ ~~de: AL8~~ 264271

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	WC 22	437546	264272
	WC 23	437547	264273
	WC 24	437548	264274
	WC 25	437549	264275
	WC 26	437550	264276
	WC 27	437551	264277
	WC 28	437552	264278
	WC 29	437553	264279
	WC 30	437554	264280
	WC 31	437555	264281
	WC 32	437556	264282
	WC 33	437557	264283
	WC 34	437558	264284
	WC 35	437559	264285
	WC 36	437560	264286
	WC 37	437561	264287
	WC 38	437562	264288
	WC 39	437563	264289
	WC 40	437564	264290
	WC 41	437565	264291
	WC 42	437566	264292
	WC 43	437567	264293
	WC 44	437568	264294
	WC 45	437569	264295
	WC 46	437570	264296
	WC 47	437571	264297
	WC 48	437572	264298
	WC 49	437573	264299
	WC 50	437574	264300
	WC 51	437575	264301
	WC 52	437576	264302
	WC 53	437577	264303
	WC 54	437578	264304
	WC 55	437579	264305
	WC 56	437580	264306
	WC 57	437581	264307
	WC 58	437582	264308

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Unpatented Mining Claims Valyrian Resources Corp

		Star Range Group	Star Range Group
Claim Name	Serial No.		Beaver Co. Document No.
SR 109	436723		263169
SR 110	436724		263170
SR 111	436725		263171
SR 112	436726		263172
SR 113	436727		263173
SR 114	436728		263174
SR 115	436729		263175
SR 116	436730		263176
SR 117	436731		263177
SR 118	436732		263178
SR 119	436733		263179
SR 120	436734		263180
SR 121	436735		263181
SR 122	436736		263182
SR 123	436737		263183
SR 124	436738		263184
SR 125	436739		263185
SR 126	436740		263186
SR 127	436741		263187
SR 128	436742		263188
SR 156	436770		263216
SR 158	436772		263218
SR 160	436774		263220
SR 162	436776		263222
SR 181	436795		263241
SR 182	436796		263242
SR 183	436797		263243
SR 184	436798		263244
SR 185	436799		263245
SR 186	436800		263246
SR 187	436801		263247
SR 188	436802		263248
SR 189	436803		263249
SR 190	436804		263250
SR 191	436805		263251
SR 192	436806		263252
SR 193	436807		263253
SR 194	436808		263254
SR 195	436809		263255
SR 196	436810		263256
SR 197	MARKE 436811		T DATA 263257
	~~ASX Co~~		~~de: AL8~~

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	SR 198	436812	263258
	SR 199	436813	263259
	SR 200	436814	263260
	SR 221	436835	263281
	SR 223	436837	263283
	SR 224	436838	263284
	SR 225	436839	263285
	SR 231	436845	263291
	SR 232	436846	263292
	SR 233	436847	263293
	SR 234	436848	263294
	SR 235	436849	263295
	SR 236	436850	263296
	SR 237	436851	263297
	SR 238	436852	263298
	SR 239	436853	263299
	SR 240	436854	263300
	SR 245	436859	263305
	SR 246	436860	263306
	SR 247	436861	263307
	SR 248	436862	263308
	SR 249	436863	263309
	SR 250	436864	263310
	SR 251	436865	263311
	SR 252	436866	263312
	SR 253	436867	263313
	SR 254	436868	263314
	SR 257	436871	263317
	SR 259	436873	263319
	SR 261	436875	263321
	SR 262	436876	263322
	SR 263	436877	263323
	SR 264	436878	263324
	SR 265	436879	263325

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Elephant Canyon Group

Claim Name	Serial No.	Beaver Co. Document No.
ECR20	438373	264591
ECR39	438392	264610
ECR41	438394	264612
ECR53	438406	264624
ECR54	438407	264625
ECR55	438408	264626
ECR58	438411	264629
ECR60	438413	264631
ECR65	438418	264636
ECR66	438419	264637
ECR67	438420	264638
ECR68	438421	264639
ECR97	438450	264668
ECR225	438578	264796
ECR227	438580	264798
ECR229	438582	264800
ECR231	438584	264802
ECR233	438586	264804
ECR235	438588	264806
ECR237	438590	264808
ECR251	438604	264822
ECR253	438606	264824
ECR265	438618	264836
ECR266	438619	264837
ECR267	438620	264838
ECR268	438621	264839
ECR269	438622	264840
ECR270	438623	264841
ECR271	438624	264842
ECR272	438625	264843
ECR273	438626	264844
ECR274	438627	264845
ECR275	438628	264846
ECR276	438629	264847
ECR277	438630	264848
ECR278	438631	264849
ECR282	438635	264853
ECR283	438636	264854

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	Claim Name	Serial No.		Beaver Co. Document No.
	CM25	435719		262148
	CM26	435720		262149
	CM27	435721		262150
	CM28	435722		262151
	CM29	435723		262152
	CM30	435724		262153
	CM31	435725		262154
	CM32	435726		262155
	CM33	435727		262156
	CM34	435728		262157
	CM39	435733		262162
	CM40	435734		262163
	CM41	435735		262164
	CM42	435736		262165
	CM43	435737		262166
	CM44	435738		262167
	CM45	435739		262168
	CM50	435744		262173
	CM51	435745		262174
	CM52	435746		262175
	CM53	435747		262176
	CM54	435748		262177
	CM68	435762		262191
	CM69	435763		262192
	CM70	435764		262193
	CM71	435765		262194
	CM72	435766		262195
	CM73	435767		262196
	CM74	435768		262197
	CM75	435769		262198
	CM89	435783		262212
	CM90	435784		262213
	CM91	435785		262214
	CM92	435786		262215
	CM93	435787		262216
	CM94	435788		262217
	CM95	435789		262218
	CM101	435795		262224
	CM102	435796		262225
	CM109	435803		262232
	CM110	435804		262233
	CM111	435805		262234
	CM112	MARKE 435806		T DATA 262235

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	CM118	435812	262241
	CM119	435813	262242
	CM126	435820	262249
	CM127	435821	262250
	CM128	435822	262251
	CM129	435823	262252
	CM130	435824	262253
	CM131	435825	262254
	CM132	435826	262255

		White Mountain Group	White Mountain Group
Claim Name	Serial No.		Beaver Co. Document No.
WM 1	UMC 442729		267521
WM 2	UMC 442730		267522
WM 3	UMC 442731		267523
WM 4	UMC 442732		267524
WM 5	UMC 442733		267525
WM 6	UMC 442734		267526
WM 7	UMC 442735		267527
WM 8	UMC 442736		267528
WM 9	UMC 442737		267529
WM 10	UMC 442738		267530
WM 11	UMC 442739		267531
WM 12	UMC 442740		267532
WM 13	UMC 442741		267533
WM 14	UMC 442742		267534
WM 15	UMC 442743		267535
WM 16	UMC 442744		267536
WM 17	UMC 442745		267537
WM 18	UMC 442746		267538
WM 19	UMC 442747		267539
WM 20	UMC 442748		267540
WM 21	UMC 442749		267541
WM 22	UMC 442750		267542
WM 23	UMC 443915		267930
WM 24	UMC 443916		267931
WM 25	UMC 443917		267932
WM 26	UMC 443918		267933
WM 27	UMC 443919		267934
WM 28	UMC 443920		267935
WM 29	UMC 443921		267936
WM 30	UMC 443922		267937
WM 31	UMC 443923		267938
WM 32	UMC 443924		267939
WM 33	~~MARK~~ UMC 443925		~~T DATA~~ 267940
WM 34	ASX Co UMC 443926		de: AL8 267941

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	WM 35	UMC 443927	267942
	WM 36	UMC 443928	267943
	WM 37	UMC 443929	267944
	WM 38	UMC 443930	267945
	WM 39	UMC 443931	267946
	WM 40	UMC 443932	267947
	WM 41	UMC 443933	267948
	WM 42	UMC 443934	267949
	WM 43	UMC 443935	267950
	WM 44	UMC 443936	267951
	WM 45	UMC 443937	267952
	WM 46	UMC 443938	267953
	WM 47	UMC 443939	267954
	WM 48	UMC 443940	267955
	WM 49	UMC 443941	267956
	WM 50	UMC 443942	267957
	WM 51	UMC 443943	267958
	WM 52	UMC 443944	267959
	WM 53	UMC 443945	267960
	WM 54	UMC 443946	267961
	WM 55	UMC 443947	267962
	WM 56	UMC 443948	267963
	WM 57	UMC 443949	267964
	WM 58	UMC 443950	267965
	WM 59	UMC 443951	267966
	WM 60	UMC 443952	267967
	WM 61	UMC 443953	267968
	WM 62	UMC 443954	267969
	WM 63	UMC 443955	267970
	WM 64	UMC 443956	267971
	WM 65	UMC 443957	267972
	WM 66	UMC 443958	267973
	WM 67	UMC 443959	267974
	WM 68	UMC 443960	267975
	WM 69	UMC 443961	267976
	WM 70	UMC 443962	267977
	WM 71	UMC 443963	267978
	WM 72	UMC 443964	267979
	WM 73	UMC 443965	267980
	WM 74	UMC 443966	267981
	WM 75	UMC 443967	267982
	WM 76	UMC 443968	267983
	WM 77	UMC 443969	267984
	WM 78	UMC 443970	267985
	WM 79	UMC 443971	267986
	WM 80	MARKE UMC 443972	T DATA 267987

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	WM 81	UMC 443973	267988
	WM 82	UMC 443974	267989
	WM 83	UMC 443975	267990
	WM 84	UMC 443976	267991
	WM 85	UMC 443977	267992
	WM 86	UMC 443978	267993
	WM 87	UMC 443979	267994
	WM 88	UMC 443980	267995
	WM 89	UMC 443981	267996
	WM 90	UMC 443982	267997
	WM 91	UMC 443983	267998
	WM 92	UMC 443984	267999
	WM 93	UMC 443985	276800
	WM 94	UMC 443986	276801
	WM 95	UMC 443987	276802

Utah State Lease for Metalliferous Minerals (ML53495)

Lessee Effective Term Rent Premises Acres Date Valyrian 1 10 USD$1 T28S, R11W, SLB&M 817.08 Resources November per Sec. 27: E2NE4 Corp. 2017 acre T28S, R12W, SLB&M Sec. 2: Lots 1(24.31), 2 (24.28), 3 (24.26), 4 (24.23), 5 (40.00), 6 (40.00), 7 (40.00), 8 (40.00), S2N2, S2 (ALL)

Patented Mining Claims Valyrian Resources Corp.

Claim Name	Survey Number	Sec	Twn	Rng	Interest*
Copper King	5242	5,6,8	28S	11W	50%
Copper King # 2	5242	5,6,8	28S	11W	50%
Copper Queen	5242	5,6,8	28S	11W	50%
Copper Queen # 2	5242	5,6,8	28S	11W	50%
Copper Queen # 3	5242	5,6,8	28S	11W	50%
Copper Mountain	5242	5,6,8	28S	11W	50%
Copper Mountain # 2	5242	5,6,8	28S	11W	50%
Copper Head # 1	5242	5,6,8	28S	11W	50%
Copper Head # 2	5242	5,6,8	28S	11W	50%
Bear	5242	5,6,8	28S	11W	50%
Bear # 2	5242	5,6,8	28S	11W	50%
Moccasin	5242	5,6,8	28S	11W	50%

• Valyrian Resources Corp holds an Option to Purchase a 50% interest in the Patented Claims from the Rosemary D. Bowman Trust

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