On September 22, 2011, the Company entered into a License and Assignment Agreement with its President, Mr. Tom Menning, whereby Mr. Menning has assigned 80% of his rights to participate on a 50% basis with ongoing and future projects operated, controlled and conveyed within the area of interest.

Under the terms of the License Agreement, the Company will finance the cost of pursuing rights for 80% percent of future proceeds received from the rights. The term of the agreement is 10 years with an option to renew for an additional 10 years.

The Company is currently a plaintiff in two separate legal actions in relation to the above mentioned license agreement whereby the Company wishes to obtain mining claims that were placed on auction. Currently discovery is ongoing and management intends to pursue the claims while being receptive to potential settlement.

The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities that become available. They may face a conflict in selecting between the Company and other business interests. The Company has not formulated a policy for the resolution of such conflicts.