Quarterly Activities/Appendix 5B Cash Flow Report

HIGHLIGHTS:

Golden Pike High-Grade Gold and Antimony Project

• High-grade gold results received.

• Antimony drilling program completed.

• Heritage and environmental work progressed.

Corporate

• Sale of Bryah Basin tenements to Catalyst Metals (ASX: CYL) for $1,800,000 in cash and CYL shares.

• Transaction included an option for Catalyst to acquire the Company’s remaining Bryah Basin tenements for an additional $2,200,000.

• Cash position of $1,253,327 at the end of the quarter.

• Liquid assets of 105,387 CYL shares and 7,000,000 SMS shares at the end of the quarter.