SUREFIRE RESOURCES NL — Regulatory Filings 2012

Dec 17, 2012

18 December 2012

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ASX Announcement

Gold-Silver Mutnovskaya project

Black Ridge Mining NL ( ASX:BRD ) (“ Black Ridge” or “ the Company” ) is pleased to announce it has secured due diligence rights in the Mutnovskaya gold-silver epithermal deposit (“the Project”).

• Project location

• Kamchatka Peninsula (Far East Russia)

• 90km from the port city of Petropavlovsk-Kamchatsky

• 2km from underutilised geothermal power station

• Due diligence is expected to be completed during the 1[st] Quarter 2013 upon which formal documentation will be entered into.

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Figure 1: Location

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Level 1, 47 Ord Street, West Perth WA 6005

T : +61 8 9322 7822 F : +61 8 9322 7823 E : admin@blackridgemining.com

W : www.blackridgemining.com

Mutnovskaya Project, Kamchatka, Eastern Russia

The Project is located in the South-eastern tip of the Kamchatka Peninsula only 5km away from the Sea of Okhotsk and is reasonably well served by infrastructure.

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The main access for land freight to the project area will be from the port facilities at Petropavlovsk-Kamchatsky (the capital city of Kamchatka) which is located only 60km to the north of the project area. PetropavlovskKamchatsky town and Mutnovskaya are connected by a combined tar-gravel allseason road for a total distance of 90km. The nearest village to the license area is Thermal some 45km to the north and is served by a gravel all-season road.

Figure 2: All-season road

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A distinct advantage of the project location is its proximity to the Upper-Mutnovskaya Geothermal Station, which is only 2km to the west. The project already has secured a contract to draw power for running all mining operations, but at present the power output of the station is only 50% of capacity, giving the project potential access to extra power if demand so requires.

Figure 3: Geo-thermal Power Station

The Project Licence (PTR 10691 BR) was issued by the Administration of Utilisation of Natural Resource of Kamchatka Krai on 24 February 1997 and the Ministry of Natural Resource of the Russian Federation.

The Project has received a State approved TEO (which is broadly the Russian equivalent of a PreFeasibility Study) and includes the environmental approvals for the development of an underground, high-grade gold-silver mine with a 9 year mine life.

An existing database of completed exploration sampling that includes 4,553 trench samples and 40 diamond drill holes totaling 9,232m.

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Level 1, 47 Ord Street, West Perth WA 6005

T : +61 8 9322 7822 F : +61 8 9322 7823 E : admin@blackridgemining.com W : www.blackridgemining.com

STUART THIRD Company Secretary Quest Minerals Limited

Disclaimer

The initial documents and geological records were originally recorded in the Russian language, written in the Cyrillic alphabet and translated to English by Mr Vladislav Trashliev who is a member of the South African Council for Natural Scientific Professions (“SACNASP"). Mr Vladislav Trashliev is an employee of Gemcom Pty Ltd. He has sufficient experience that is relevant to the project under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Vladislav Trashliev has consented to the inclusion of this information in the form and context in which it appears.

The reports from the Russian authorities were prepared by informed individuals, who may or may not be considered qualified persons under the definition of JORC.

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Level 1, 47 Ord Street, West Perth WA 6005

T : +61 8 9322 7822 F : +61 8 9322 7823 E : admin@blackridgemining.com W : www.blackridgemining.com