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Wildcat Mining Corporation Page 8 <br />Property ownership and agreements <br />Wildcat Mining Corporation is a private Nevada corporation, with headquarters in <br />San Diego California. Wildcat Mining controls, through ownership and lease <br />agreements, the properties generally referred to as the May Day mine property <br />and the Idaho mine property (Figure 2). <br />James M. Clements, President of Wildcat Mining, purchased all mineral and <br />surface rights to the Idaho mine property in 2006. This property consists of 15 <br />patented lode mining claims covering a total of approximately 141.5 acres, <br />specifically the following claims: Idaho Millsite, Idaho Millsite No. 1, Idaho Millsite <br />No. 2, Alpine, Lord Kitchener, Hartford, Gertrude, Good Hope, Sunrise, Cathryn, <br />Midnight, Helen, Midnight No. 2, Pay Day, and Pay Day Millsite. An agreement <br />between Mr. Clements and Wildcat Mining grants access, mining and milling <br />rights to Wildcat Mining. <br />All surface and mineral rights to the 151 -acre May Day mine property are owned <br />by Fairview Land Corporation of Boulder Colorado. The May Day mine property <br />consists both of patented lode mining claims and townsite patent land. Wildcat <br />Mining Corporation has a 10 -year lease with Fairview for mining and use of the <br />May Day property; the lease can be extended as long as production continues. <br />• Permits and environmental conditions <br />Mining in Colorado is regulated by the State of Colorado, Department of Natural <br />Resources, Division of Reclamation, Mining and Safety, following the "Mineral <br />Rules and Regulations of the Colorado Mined Land Reclamation Board for Hard <br />Rock, Metal, and Designated Mining Operations" promulgated in May 1977. This <br />agency acts as the lead regulatory agency for mining - related activities in <br />Colorado, operating under Memoranda of Understanding with a number of other <br />State and Federal agencies. <br />The purview of the agency includes oversight of mine permitting, mine site <br />inspections, water use and water source protection, wildlife and environmental <br />protection, reclamation bonding, reclamation performance, hazardous conditions, <br />mine employee safety training, and emergency response. <br />There is an active mine permit in place for the May Day mine, appropriate for the <br />character of mineral exploration, mine development work and mine production <br />planned (Permit 1981185, dated 9/5/1986). The permit is presently in the name <br />of Shalako International; an application for change of operator is in process. <br />The mining permit is for production of 70,000 tons per year. The state <br />reclamation bond is in place. <br />• <br />January 2007 May Day — Idaho Mine Colorado <br />