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Addendum to the Collom Area Geology Pre - Feasibility Report <br />2.2 2005/2006 Exploration Results <br />2.2.1 Drill Hole Spacing <br />The 2005/2006 exploration drilling greatly reduced the inter -hole spacing <br />across the Collom Mine area, especially on the ridge east of Little Collom <br />Gulch. <br />Section 5.1 of this report addresses reduced drill hole spacing with respect to <br />updated resource and reserve estimates. <br />2.2.2 Burn Extent <br />The 2005/2006 drilling further delineated the extent of burn along the <br />southern end of the Collom Mine Area. Drill holes C- 06 -35, C- 06 -36, C -05- <br />21, and C -05 -45 all contain extensive burn. Most of the burn occurs from <br />surface down through the GB seam. <br />The Colowyo Exploration Geologists reviewed and redesigned the burn -lines <br />for each of the seam in the Collom Mine Area using all of the latest drill hole <br />data. The burn -lines were also included in updates of the geological reserve <br />model. <br />Due to the additional burn found in these drill holes the southern end of the <br />Collom Mine Area pit will require a complete redesign. <br />Holes drilled along the west side of West Fork Jubb contained local <br />occurrences of burn in the upper -most seams. The drilling did not indicate <br />the presence of large -scale burn along West Fork Jubb among deeper, thicker <br />seams. <br />2.2.3 Phase 4/I -Pod Exploration <br />September 2006 Page 4 of 25 <br />