XPEDRA RESOURCES LIMITED — Capital/Financing Update 2012

Jan 17, 2012

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ASX Release

18 January 2012

VOYAGER RESOURCES LIMITED ACN 076 390 451

Level 1 / 33 Richardson Street WEST PERTH Australia

Tel: +61 8 9200 6264 Fax: +61 8 9200 4469

Contact: Kell Nielsen (Managing Director)

EXCEPTIONAL DISCOVERIES CONTINUE AT KM

Voyager Resources is extremely pleased to announce a further discovery at its KM Copper Porphyry Project (“Project”), in the South Gobi Region of southern Mongolia.

Initial assay results have been received from the first diamond drill hole completed on the Aranjin Discovery. This result along with previously announced intersections from Cughur and Gaans Discoveries sees Voyager Resources continuing to drill some of the best copper mineralisation reported in Mongolia, external to the Giant Oyu Tolgoi Copper Deposit.

The first assays from drilling at the Aranjin Discovery, the third shallow hydrothermal breccia discovery at the KM Project has returned an outstanding result:

• 168 metres at 0.74% copper and 5.4 g/t silver from 76 metres (KM0124D), including:

 36 metres at 2.07% copper and 16.2 g/t silver from 86 metres In addition to this, further results have now been received from drilling completed at the Cughur and Gaans Discoveries. These results continue to confirm the KM Copper Project as the major new high grade copper discovery in Mongolia, and include:

Cughur:

E-mail: info@voyagerresources.net

Directors / Officers: Matthew Wood Kell Nielsen George Tumur Timothy Flavel Nick Lindsay

• 115 metres at 1.5% copper and 2.9 g/t silver from 26 metres (KM0057RCD)

• 58 metres at 1.2% copper and 4.3 g/t silver from 36 metres (KM0055RC)

• 52 metres at 1.5% copper and 3.6 g/t silver from 28 metres (KM0064RCD)

Gaans:

• 72 metres at 1.2% copper and 8.8 g/t silver from 14 metres (KM0083D)

Issued Capital: Approximately 1,339 million shares

• 64 metres at 0.8% copper and 3.3 g/t silver from 2 metres and 32 metres at 1.2% copper and 3.3 g/t silver from 124 metres (KM0091RCD)

Approximately 102.5 Million VORA Options

ASX Symbols : VOR, VOROA

It has been deduced that a porphyry stock or cluster of porphyry stocks, exists at the KM Copper Project which act as feeders to these shallow hydrothermal breccias. Voyager recently commenced a separate drill programme aimed at identifying the porphyry stock or stocks.

Voyager has placed an Exploration Target* of between 50 and 150 million tonnes at between 0.8 and 1.5% copper on the hydrothermal breccias at the KM Copper Project. This Exploration Target does not include the larger Copper Porphyry Stock targets.

Mineralisation has also been intersected in drilling on a further two hydrothermal breccia prospects, namely Gaans North and Zam Daguukh and a sheeted vein system at the Elstei Prospect.

Voyager has completed 173 RC drill holes, 48 diamond core drill holes and 19 diamond core drill tails on the project. Ongoing exploration and drilling continues to strengthen Voyager’s belief that the KM Copper Project is an exceptional porphyry copper project.

Hydrothermal Breccia Copper Sulphide Mineralisation

Voyager believes that significant mineralisation intersected in drilling conducted to date at Cughur, Gaans, Aranjin, Gaans North and Zam Daguukh indicates the presence of a deeper mineralised porphyry copper system.. The porphyry system has been partly unrooted by weathering and erosion, partially exposing the hydrothermal breccias and an extensive and intense porphyry alteration system near Cughur.

These magmatic hydrothermal breccias are formed by the overpressured release of fluids rich in copper ± gold ± silver, and are believed to have formed during an emplacement of a copper porphyry system at depth. Hydrothermal breccias are usually pipe like in dimensions that form irregular bodies. They are common to many giant porphyry copper systems including El Teniente, Los Bronces-Rio Blanco and Los Sulfatos (all greater than five billion ton deposits).

In addition to Cughur, Gaans, Aranjin, Gaans North and Zam Daguukh, Voyager has identified numerous occurrences (greater than 20) of outcropping and subcropping mineralised hydrothermal breccia’s at surface (Figure 2) that penetrate the more spatially distributed “Mega Breccia” complex that has been previously outlined.

Voyager has placed a combined Exploration Target* on these hydrothermal breccia’s of 50 to 150 million tonnes at a grade of 0.8% to 1.5% copper, representative of the multiple occurrences identified to date and completed drilling intersecting substantial widths of greater than 100 metres at Cughur, Gaans and Aranjin.

KM Copper Project

(Voyager 80%)

Summary

Voyager Resources has continued with an aggressive exploration programme at the KM Copper Porphyry Project in the South Gobi region of Mongolia. Voyager currently has three diamond core rigs operating on site, having recently suspended the RC drilling rigs due to reduced air drilling capacity caused by the colder winter conditions.

Two of the diamond core rigs are now focused on drilling for two individually targeted copper porphyry stocks, whilst the third diamond rig continues to operate on the shallow high grade hydrothermal breccia systems of Cughur, Gaans, Aranjin, Gaans North and Zam

Daguukh prospects. This will facilitate planning for the recommencement of RC drilling in March and assist with the calculation of initial resources before the end of June, 2012.

Drilling continues to intersect some of the best copper mineralisation reported in Mongolia outside of the giant Oyu Tolgoi deposits (approximately 3.75 billion tonnes at 0.98% copper and 0.38 g/t gold**) with results to date remaining highly encouraging from the discoveries of Cughur and Gaans and now Aranjin. In addition, broad intersections of copper mineralisation have been identified in recent drilling at the two additional prospects of Gaans North and Zam Daguukh, plus the sheeted vein system at Elstei.

Delayed analytical results from the sample backlog at the laboratory are expected to be cleared over the coming weeks with approximately 50% of the completed drill holes to date remaining outstanding..

Aranjin Prospect

The Aranjin prospect is located approximately one kilometre to the northeast of the Cughur Discovery. The prospect comprises four large outcrops of quartz tourmaline breccia where rock chip sampling has returned up to 2% copper.

Aranjin is located on the same interpreted structure as Cughur.

Aranjin – Chalcopyrite Mineralisation (KM0124D-98m)

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To date Voyager has completed 29 RC holes, 3 diamond holes and 3 RC holes that have been diamond tailed. Drilling at Aranjin has intersected some of the widest intersections of mineralised hydrothermal breccia reported to date on the KM Project, including:

• 168 metres at 0.74% copper and 5.4 g/t silver from 76 metres (KM0124D), including:

• 36 metres at 2.07% copper and 16.2 g/t silver from 86 metres

Further drilling has also intersected broad copper mineralisation, with analytical results pending. This includes:

• 103 metres from 63 metres at (KMR0015RCD)

Cughur Prospect

To date Voyager has completed 41 RC holes, 12 diamond core holes and 16 diamond core tailed RC holes.

Drilling continues in a limited capacity at the Cughur Discovery. This is mainly due to recent slow turnaround of analytical samples and the success of drilling at Gaans and Aranjin.

Voyager has received further analytical results from Cughur, although a backlog of 11 holes remains.

Results include:

• 58 metres at 1.2% copper and 4.3 g/t silver from 36 metres (KM0055RC)

• 115 metres at 1.5% copper and 2.9 g/t silver from 22 metres (KM0057RCD)

• 82 metres at 0.7% copper and 2.9 g/t silver from 32 metres (KM0058RCD)

• 80 metres at 0.6% copper and 2.1 g/t silver from 44 metres (KM0059RCD)

• 56 metres at 0.6% copper and 2.7 g/t silver from 40 metres (KM0060RC)

• 52 metres at 1.5% copper and 3.6 g/t silver from 28 metres (KM0064RCD)

• 72 metres at 0.6% copper and 0.9 g/t silver from 28 metres (KM0065RC)

• 78 metres at 0.5% copper and 1.4 g/t silver from 54 metres (KM0072RC)

Past reported results at Cughur include:

• 68 metres at 1.4% copper and 5.4 g/t silver from 14 metres (KM0011RCD)

• 118 metres at 2.4% copper and 13.1 g/t silver from 14 metres, including

• 86 metres at 3.1% copper and 9.5 g/t silver from 14 metres (KM0012RCD)

• 130 metres at 0.9% copper and 2.5 g/t silver from 22 metres (KM0042RCD)

• 75 metres at 2.4% copper and 5.7 g/t silver from 48 metres (KM0050RCD)

• 34 metres at 3.4% copper and 14.7 g/t silver from 92 metres (KM0053RCD)

• 58 metres at 1.2% copper and 4.3 g/t silver from 36 metres (KM0055RC)

Gaans Prospect

The Gaans Discovery is located approximately 2.5 kilometres east of the previously reported Cughur Discovery and is believed to be hosted in a similar magmatic hydrothermal breccia as Cughur. To date Voyager has completed 26 RC holes, 15 diamond holes and 5 RC holes with diamond core tail at Gaans. Partial assay results have been returned for one diamond hole and two RC holes. These results have been highly encouraging returning:

• 52 metres at 0.7% copper and 5.6 g/t silver from 28 metres (KM0076D)

• 34 metres at 0.5% copper and 4.9 g/t silver from 14 metres (KM0078D)

• 26 metres at 0.8% copper and 12.5 g/t silver from 34 metres (KM0081D)

• 72 metres at 1.2% copper and 8.8 g/t silver from 14 metres (KM0083D)

• 64 metres at 0.8% copper and 3.3 g/t silver from 2 metres and

• 32 metres at 1.2% copper and 3.3 g/t silver from 124 metres (KM0091RCD)

Past reported results at Gaans include:

• 46 metres at 1.1% copper and 14.1 g/t silver from 16 metres (KM0068D)

• 40 metres at 0.84% copper and 4.4 g/t silver from 20 metres (KM0074RC)

Diamond core drilling has identified significant brecciation though no strong visual indications of this exist at surface. The Gaans Prospect appears to be well outlined by a significant low in the ground magnetics which is believed to have been caused by magnetite destruction as a result of the alteration and mineralisation process.

Mineralisation at Gaans comprises copper sulphides, namely chalcopyrite and chalcocite occurring with bornite, tetrahedrite, and pyrite. Tourmaline is a common accessory mineral and replaces the matrix of the diorite in some holes that the breccia has been intruded in to. Matrix replacement and magmatic brecciation textures suggest that the mineralisation is contemporaneous with the emplacement or cooling of the diorite.

Alteration at Gaans provides a significant vector to the larger porphyry system at KM, with rocks occurring proximal to the system being rich in magnetite and magnetite destruction occurring within the altered and mineralised areas.

KM Copper Project Background

The KM Copper Gold Project is located in the Edrene Island Arc Terrain, which is one of a number of tectonic terrains that extend across the Gobi and southern regions of Mongolia, which have been proven to host a number of mineralised porphyry systems, including the giant Oyu Tolgoi Deposit.

Although limited exploration has been conducted over the project to date, results have been highly encouraging and support Voyager’s belief that KM has the potential to host a significant copper porphyry system.

The Cughur, Gaans and now the Aranjin copper discoveries are an exceptional result for Voyager shareholders and rates as some of the best copper drilling results in Mongolia since the discovery of the giant Oyu Tolgoi copper gold deposits. KM is an exceptional porphyry copper project that has the potential to be a company making asset for Voyager as the company progresses its exploration efforts.

Kell Nielsen Managing Director

Competent Persons Statement

Mr Nielsen is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which 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’. Mr Nielsen is the Managing Director of Voyager Resources Limited and consents to the inclusion in this release of the matters based on his information and information presented to him in the form and context in which it appears.

Exploration Target Statement

*This work has not resulted in the definition of any resource which is compliant with the JORC Code but has identified an Exploration Target. With further exploration, this target has potential for between 50Mt to 150Mt of mineralisation at a grade of 0.8 to 1.5% copper within the drilled and surrounding area. The potential quantity and grade is conceptual in nature and there has been insufficient exploration to define a Mineral Resource in accordance to the JORC Code. As such it is uncertain if further exploration will result in the determination of a Mineral Resource. Further Voyager Resources cautions that in order to achieve this target, substantial exploration is required to further geologically map, detect, trench and drill test the defined conceptual target. On this basis, Voyager Resources considers that further work is warranted beyond that previously conducted.

Note on Oyu Tolgoi Resource Statement

**The resource quoted for the Oyu Tolgoi copper gold development was referenced from Table 1.4.1 “Oyu Tolgoi Mineral Resource Summary, 31[st] March 2010” from the report labelled “Oyu Tolgoi Technical Report June 2010” by AMEC Minproc and was released by Ivanhoe Mines Limited on the 7[th] June 2010.

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Figure 1 Voyager Resources Project Locations
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Figure 2 KM Project Prospect Locations and Recent Drilling
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Table 1 KM Project – Cughur Prospect, Hole locations and Results

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Assay Results
Prospect Drill Hole Depth SampleType East North Dip/Azim From To Interval Cu Au Ag Comments
(%) (g/t) (g/t)
KM0011RCD 279.60 RC/DD 447,588 4,869,599 ‐65 / 290.78 14.00 82.00 68.00 1.43 0.01 5.44
Cughur Hole diamond tailed from 80 metres
Including RC 14.00 26.00 12.00 2.37 0.03 13.05
Including RC 36.00 82.00 46.00 1.46 0.01 4.60
DD 120.00 132.00 12.00 0.41 NSA 0.15
KM0012RCD 181.30 RC/DD 447,590 4,869,580 ‐60 / 270.8 30.00 148.00 118.00 2.37 0.03 7.08
Hole diamond tailed from 80 metres
Including RC/DD 30.00 116.00 86.00 3.10 0.04 9.48
Including RC 30.00 80.00 50.00 3.51 0.06 10.76
and DD 80.00 110.00 30.00 3.00 0.02 9.17
KM0013RCD 174.50 RC/DD 447,610 4,869,580 ‐60 / 270.8 70.00 106.00 36.00 1.73 0.01 5.47
Hole diamond tailed from 80 metres
Including RC 70.00 80.00 10.00 4.06 0.03 16.16
and DD 80.00 106.00 26.00 0.83 NSA 1.35
KM0016RCD 289.00 RC 447,620 4,869,620 ‐60 / 270.8 84.00 96.00 12.00 0.22 NSA 0.08 Hole diamond tailed from 100 metres
Awaiting Diamond Core Assays
KM0017RCD 232.00 RC 447,620 4,869,660 ‐55 / 270.8 80.00 90.00 10.00 0.58 0.01 0.68
Hole diamond tailed from 100 metres
KM0037RCD 140.50 RC 447,591 4,869,561 ‐65 / 269.7 68.00 80.00 12.00 0.56 NSA 4.68
Hole diamond tailed from 100 metres
104.00 106.00 2.00 1.54 0.02 4.50
KM0038RC 120.00 RC 447,607 4,869,561 ‐60 / 270.8 NSA NSA NSA
KM0039RC 80.00 RC 447,563 4,869,544 ‐60 / 270.8 50.00 60.00 10.00 0.60 0.05 2.44
KM0040RC 84.00 RC 447,583 4,869,543 ‐60 / 270.8 0.00 NSA NSA NSA
KM0041RC 120.00 RC 447,563 4,869,544 ‐60 / 270.8 0.00 NSA NSA NSA
KM0042RCD 367.60 RC/DD 447,565 4,869,600 ‐68 / 275.78 22.00 152.00 130.00 0.91 0.02 2.49
Hole diamond tailed from 132 metres
Including RC 24.00 132.00 108.00 1.00 0.03 2.59
Including RC 24.00 86.00 62.00 1.57 0.04 4.39
Including RC 24.00 54.00 30.00 2.22 0.05 5.45
KM0044RCD 171.50 RC 447,571 4,869,579 ‐65 / 270.8 28.00 102.00 74.00 0.86 0.02 2.96
Hole diamond tailed from 100 metres
Including 28.00 66.00 38.00 1.03 0.03 5.03
and 84.00 100.00 16.00 1.43 0.01 1.25
KM0045RCD 260.00 RC 447,536 4,869,638 ‐65 / 275.78 28.00 98.00 70.00 0.61 0.04 0.45 Hole diamond tailed from 105 metres
KM0046RCD 238.50 RC/DD 447,584 4,869,670 ‐65 / 270.78 48.00 138.00 90.00 0.65 NSA 1.22 Hole diamond tailed from 102 metres
KM0047RC 100.00 RC 447,561 4,869,677 ‐60 / 270.8 80.00 92.00 12.00 0.80 NSA 0.73
KM0048RC 95.00 RC 447,549 4,869,602 ‐60 / 270.8 28.00 34.00 6.00 0.39 0.01 NSA
68.00 86.00 18.00 0.64 0.02 1.76
KM0050RCD 292.00 RC 447,526 4,869,604 ‐65 / 280.78 48.00 123.00 75.00 2.41 0.16 5.67
Hole diamond tailed from 123 metres
Including 62.00 114.00 52.00 3.24 0.21 7.81
KM0051RC 120.00 RC 447,506 4,869,604 ‐60 / 270.8 28.00 80.00 52.00 0.80 0.02 1.92
Including 46.00 60.00 14.00 1.70 0.05 4.67
92.00 102.00 10.00 1.75 0.03 7.60
KM0052RC 80.00 RC 447,481 4,869,603 ‐60 / 270.8 NSA NSA NSA
KM0053RCD 156.50 RC 447,531 4,869,579 ‐65 / 270.8 92.00 126.00 34.00 3.38 0.11 14.72 Hole diamond tailed from 132 metres
KM0055RC 120.00 RC 447,505 4,869,582 ‐60 / 270 36.00 94.00 58.00 1.16 0.08 4.26
64.00 92.00 28.00 2.14 0.17 8.21
KM0056RC 100.00 RC 447,474 4,869,582 ‐60 / 270 NSA NSA NSA
KM0057RCD 283.00 RC/DD 447,549 4,869,579 ‐60 / 270 26.00 141.00 115.00 1.51 0.01 2.87
Hole diamond tailed from 127 metres
RC/DD 76.00 141.00 65.00 2.63 0.03 5.89
KM0058RCD 138.50 RC/DD 447,548 4,869,556 ‐60 / 270 32.00 114.00 82.00 0.72 0.02 2.52 Hole diamond tailed from 108 metres
KM0059RCD 138.00 RC / DD 447,569 4,869,556 ‐60 / 270 44.00 130.00 86.00 0.58 0.01 2.11 Hole diamond tailed from 110 metres
KM0060RC 100.00 RC 447,529 4,869,558 ‐60 / 270 40.00 96.00 56.00 0.63 0.05 2.73
Including 58.00 70.00 12.00 1.54 0.05 4.43
KM0061RC 100.00 RC 447,509 4,869,557 ‐60 / 270 NSA NSA NSA
KM0062RC 100.00 RC 447,485 4,869,561 ‐60 / 270 30.00 36.00 6.00 0.94 NSA NSA
60.00 62.00 2.00 0.52 NSA NSA
KM0063RC 100.00 RC 447,465 4,869,559 ‐60 / 270 NSA NSA NSA
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Assay Results
Prospect Drill Hole Depth SampleType East North Dip/Azim From To Interval Cu Au Ag Comments
(%) (g/t) (g/t)
Cughur KM0064RCD 163.00 RC 447,519 4,869,632 ‐60 / 270 28.00 80.00 52.00 1.47 0.01 3.59
Including 52.00 78.00 26.00 2.56 0.01 6.24
KM0065RC 100.00 RC 447,499 4,869,640 ‐60 / 270 28.00 100.00 72.00 0.55 0.02 0.93
KM0066RC 66.00 RC 447,478 4,869,641 ‐60 / 270 NSA NSA NSA
KM0067RC 92.00 RC 447,506 4,869,677 ‐60 / 270 28.00 62.00 34.00 0.29 0.01 0.49
KM0069RC 95.00 RC 447,522 4,869,674 ‐60 / 270 42.00 78.00 36.00 0.46 NSA 0.36
KM0070RC 100.00 RC 447,542 4,869,669 ‐60 / 270 78.00 100.00 22.00 0.27 NSA NSA End of Hole
KM0071RC 66.00 RC 447,483 4,869,675 ‐60 / 270 NSA NSA NSA
KM0072RC 132.00 RC 447,604 4,869,593 ‐60 / 270 54.00 132.00 78.00 0.54 0.01 1.43
132m End of Hole
Including 54.00 82.00 28.00 1.19 0.03 3.44
KM0077D 318.50 DD 447,583 4,869,602 ‐60 / 0.8 28.00 30.00 2.00 1.04 0.00 3.00
KM0079D 328.00 DD 447,565 4,869,600 ‐60.5 / 0.8 20.00 44.00 24.00 0.73 0.01 3.09
KM0082D 426.00 DD 447,625 4,869,641 ‐60 / 275.8 NSA NSA NSA
KM0085D 327.50 DD 447,559 4,869,617 ‐60 / 275.8 22.00 50.00 28.00 0.56 0.01 2.31
KM0088D 255.50 DD 447,517 4,869,616 ‐60 / 270.8 50.00 98.00 48.00 0.52 NSA 1.19
KM0093RC 106.00 RC 447,677 4,869,479 ‐60 / 270.8 NSA NSA NSA
KM0094D 350.00 DD 447,801 4,869,480 ‐70 / 2.3 NSA NSA NSA
KM0095RC 96.00 RC 447,721 4,869,498 ‐60 / 270.8 NSA NSA NSA
KM0096RC 100.00 RC 447,559 4,869,499 ‐60 / 270.8 NSA NSA NSA
KM0097RC 100.00 RC 447,638 4,869,498 ‐60 / 270.8 NSA NSA NSA
KM0099RC 100.00 RC 447,598 4,869,499 ‐60 / 270.8 NSA NSA NSA
KM0100D 330.50 DD 447,647 4,869,601 ‐60 / 270.8 NSA NSA NSA
KM0101RC 100.00 RC 447,605 4,869,721 ‐60 / 270.8 NSA NSA NSA
KM0102RC 100.00 RC 447,558 4,869,719 ‐60 / 270.8 NSA NSA NSA
KM0103RC 100.00 RC 447,518 4,869,723 ‐60 / 270.8 NSA NSA NSA
KM0104RC 100.00 RC 447,478 4,869,720 ‐60 / 270.8 NSA NSA NSA
KM0105RC 100.00 RC 447,680 4,869,719 ‐60 / 270.8 NSA NSA NSA
KM0106RC 124.00 RC 447,720 4,869,720 ‐60 / 270.8 98.00 100.00 2.00 0.59 0.00 2.50
KM0107RC 100.00 RC 447,759 4,869,721 ‐60 / 270.8 NSA NSA NSA
KM0108RC 130.00 RC 447,800 4,869,721 ‐60 / 270.8 0.00 36.00 36.00 0.24 NSA 0.79
68.00 72.00 4.00 0.51 NSA 1.25
KM0110RC 178.00 RC 447,841 4,869,722 ‐60 / 270.8 NSA NSA NSA
KM0112RC 100.00 RC 447,681 4,869,758 ‐60 / 270.8 NSA NSA NSA
KM0113RC 100.00 RC 447,720 4,869,757 ‐60 / 270.8
Assays Pending
KM0114RC 112.00 RC 447,759 4,869,757 ‐60 / 270.8
KM0115RC 120.00 RC 447,797 4,869,758 ‐60 / 270.8
KM0116RC 179.00 RC 447,838 4,869,761 ‐60 / 270.8
KM0117RC 100.00 RC 447,680 4,869,804 ‐60 / 270.8
KM0133D 100.00 DD 447,497 4,869,503 ‐45 / 267.8
KM0135D 254.40 DD 447,503 4,869,198 ‐75.5 / 311.5
KM0137D 140.00 DD 447,497 4,869,503 ‐60 / 265.7
KM0138D 80.00 DD 447,497 4,869,503 ‐30.5 / 267.8
KM0141D 160.00 DD 447,525 4,869,529 ‐60 / 273.6
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Table 2 KM Project – Gaans Prospect, Drillhole Locations and Results

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Assay Results
Prospect Drill Hole Depth Type East North RL Dip/Azim From To Interval (Cu%) (gAu/t) (gAg/t) Comments
KM0068D 428.00 DD 449,744 4,868,976 1,517 ‐60 / 7.3 16.00 62.00 46.00 1.12 0.06 14.07
Gaans
(KM Series) KM0073RC 112.00 RC 449,708 4,869,090 1,506 ‐60 / 180 2.00 56.00 54.00 0.38 0.02 2.34
KM0074RC 98.00 RC 449,750 4,869,088 1,507 ‐60 / 180 20.00 60.00 40.00 0.84 0.02 4.42
KM0075RC 99.00 RC 449,669 4,869,090 1,507 ‐60 / 180 8.00 17.00 9.00 0.30 0.03 2.00
KM0076D 348.30 DD 449,711 4,868,996 1,511 ‐60.5 / 0.8 28.00 80.00 52.00 0.66 0.02 5.63
KM0078D 210.90 DD 449,708 4,869,133 1,507 ‐60 / 180.8 14.00 48.00 34.00 0.54 0.05 4.86
KM0080D 99.00 DD 449,706 4,869,173 1,512 ‐60 / 180.8 NSA NSA NSA
KM0081D 121.20 DD 449,719 4,868,954 1,508 ‐60 / 6.3 34.00 60.00 26.00 0.82 0.57 12.47
KM0083D 119.70 DD 449,752 4,869,129 1,506 ‐60 / 181.8 14.00 86.00 72.00 1.16 0.02 8.83
16.00 30.00 14.00 4.48 0.11 42.79
KM0084D 244.50 DD 449,666 4,869,173 1,510 ‐60 / 185.8 102.00 118.00 16.00 0.21 NSA 0.09
KM0086RC 100.00 RC 449,626 4,869,134 1,512 ‐60 / 180.8 60.00 66.00 6.00 1.28 0.03 8.03
94.00 98.00 4.00 1.11 0.02 7.40
KM0087RC 114.00 RC 449,664 4,869,135 1,505 ‐60 / 180.8 88.00 90.00 2.00 1.19 0.01 14.40
KM0089RC 100.00 RC 449,664 4,869,052 1,510 ‐60 / 180.8 14.00 34.00 20.00 0.20 0.01 1.56
KM0090D 203.00 DD 449,629 4,869,171 1,508 ‐60 / 185.8 NSA NSA NSA
KM0091RCD 220.00 RC /DD 449,748 4,869,172 1,508 ‐60 / 180.8 2.00 66.00 64.00 0.77 0.04 3.28
Including 42.00 66.00 24.00 1.55 0.05 7.25
124.00 156.00 32.00 1.15 0.02 3.26
KM0092RCD 282.40 RC /DD 449,783 4,869,172 1,517 ‐60 / 180.8 112.00 168.00 56.00 0.45 0.01 2.00
KM0111D 262.00 DD 449,781 4,869,218 1,506 ‐60 / 185.8
Assays Pending
KM0118D 251.70 DD 449,747 4,869,214 1,509 ‐60 / 180.8
KM0121D 179.50 DD 449,782 4,869,095 1,509 ‐60 / 190.8
KM0122D 205.00 DD 449,785 4,869,136 1,507 ‐60 / 180.8
KM0123D 172.00 DD 449,984 4,869,090 1,502 ‐60 / 180.8 4.00 94.00 90.00 0.21 NSA 0.70
Including 4.00 64.00 60.00 0.26 NSA 1.04
KM0126D 129.50 DD 449,948 4,869,088 1,501 ‐60 / 180.8
Assays Pending
KM0130D 325.00 DD 449,782 4,869,251 1,513 ‐60 / 180.8
KM0132D 86.00 DD 449,705 4,869,214 1,505 ‐60 / 185.7
KM0143RC 100.00 RC 450,028 4,869,212 1,500 ‐60 / 179.7
KM0145RC 100.00 RC 450,066 4,869,208 1,509 ‐60 / 179.7
KM0146RC 100.00 RC 450,102 4,869,213 1,504 ‐60 / 179.7
KM0147D 199.00 DD 449,987 4,869,166 1,504 ‐60 / 179.7
KM0148RC 120.00 RC 450,066 4,869,208 1,509 ‐60 / 179.7
KM0149RC 100.00 RC 450,105 4,869,168 1,503 ‐60 / 179.7
KM0154D 260.00 DD 449,987 4,869,211 1,508 ‐60 / 180
Assay Results
Prospect Drill Hole Depth Type East North RL Dip/Azim From To Interval Cu Au Ag Comments
(%) (g/t) (g/t)
KMR0033RCD 198.00 RC/DD 449,986 4,869,128 1,509 ‐60 / 180
Gaans
(KMR Series) KMR0034RC 100.00 RC 449,981 4,869,047 1,507 ‐60 / 180
KMR0035RC 100.00 RC 449,985 4,869,010 1,503 ‐60 / 180
KMR0036RC 19.00 RC 449,906 4,869,092 1,501 ‐60 / 180
KMR0037RC 100.00 RC 449,868 4,869,090 1,505 ‐60 / 180
KMR0038RC 93.00 RC 449,821 4,869,090 1,511 ‐60 / 180
KMR0039RC 105.00 RC 450,027 4,869,088 1,511 ‐60 / 180
KMR0040RC 80.00 RC 450,065 4,869,090 1,503 ‐60 / 180
Assays Pending
KMR0041RC 100.00 RC 450,105 4,869,090 1,505 ‐60 / 180
KMR0042RC 97.00 RC 450,026 4,869,130 1,498 ‐60 / 180
KMR0043RC 100.00 RC 450,031 4,869,043 1,507 ‐60 / 180
KMR0044RC 100.00 RC 450,065 4,869,127 1,504 ‐60 / 180
KMR0045RC 100.00 RC 450,061 4,869,056 1,513 ‐60 / 180
KMR0046RC 100.00 RC 450,027 4,869,009 1,509 ‐60 / 180
KMR0079RC 110.00 RC 450,027 4,869,171 1,506 ‐60 / 180
KMR0080RC 100.00 RC 450,066 4,869,170 1,507 ‐60 / 180
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Table 3 KM Project – Aranjin Prospect, Drillhole Locations and Results

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Assay Results
Drill
Prospect Drill Hole Depth Type East North Dip/Azim From To Interval Cu Au Ag Comments
(%) (g/t) (g/t)
KM0124D 309.00 DD 448,022 4,870,304 ‐60 / 5.8 76.00 244.00 168.00 0.74 0.02 5.40
Aranjin
(KM Series) Including 86.00 122.00 36.00 2.07 0.07 16.18
KM0128D 335.00 DD 448,075 4,870,309 ‐60 / 5.8 Assays Pending
KM0140D 298.00 DD 447,990 4,870,305 ‐60 / 4
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Assay Results
Drill
Prospect Drill Hole Depth Type East North Dip/Azim From To Interval Cu Au Ag Comments
(%) (g/t) (g/t)
KMR0012RC 120.00 RC 448,029 4,870,138 ‐60 / 0
Aranjin
(KMR Series) KMR0013RC 100.00 RC / DD 448,027 4,870,178 ‐60 / 0 Assays Pending
KMR0014RC 100.00 RC 448,026 4,870,219 ‐60 / 0
KMR0015RCD 291.50 RC / DD 448,027 4,870,353 ‐60 / 0
KMR0016RC 100.00 RC 448,030 4,870,380 ‐60 / 0
KMR0017RC 140.00 RC 448,022 4,870,311 ‐60 / 0
KMR0018RCD 179.50 RC / DD 448,031 4,870,254 ‐60 / 0
KMR0019RC 100.00 RC 448,028 4,870,101 ‐60 / 0
KMR0020RC 100.00 RC 448,235 4,870,445 ‐60 / 270
KMR0021RC 100.00 RC 448,200 4,870,448 ‐60 / 270
KMR0022RC 87.00 RC 448,156 4,870,457 ‐60 / 270
KMR0023RC 87.00 RC 448,117 4,870,472 ‐60 / 270
KMR0024RC 100.00 RC 448,079 4,870,482 ‐60 / 270
KMR0025RC 100.00 RC 448,279 4,870,437 ‐60 / 270
KMR0026RC 100.00 RC 448,321 4,870,430 ‐60 / 270
KMR0027RC 96.00 RC 448,362 4,870,417 ‐60 / 270
KMR0028RC 96.00 RC 448,397 4,870,411 ‐60 / 270
KMR0029RC 100.00 RC 448,439 4,870,402 ‐60 / 270
KMR0030RC 100.00 RC 448,111 4,870,341 ‐60 / 0
KMR0031RCD 193.00 RC / DD 447,995 4,870,349 ‐60 / 0
KMR0032RC 100.00 RC 447,950 4,870,344 ‐60 / 0
KMR0060RC 140.00 RC 448,055 4,870,351 ‐60 / 0
KMR0061RC 100.00 RC 447,950 4,870,295 ‐60 / 0
KMR0062RC 98.00 RC 447,950 4,870,399 ‐60 / 0
KMR0063RC 120.00 RC 448,073 4,870,410 ‐60 / 0
KMR0064RC 100.00 RC 448,291 4,870,448 ‐60 / 0
KMR0065RC 100.00 RC 448,288 4,870,402 ‐60 / 0
KMR0066RC 100.00 RC 448,290 4,870,350 ‐60 / 0
KMR0067RC 100.00 RC 448,291 4,870,304 ‐60 / 0
KMR0068RC 93.00 RC 448,291 4,870,250 ‐60 / 0
KMR0069RC 100.00 RC 448,290 4,870,199 ‐60 / 0
KMR0070RC 110.00 RC 447,900 4,870,150 ‐60 / 0
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