Approximately $1.2 million budget is planned for the summer/fall exploration work on the Spider/KWG
McFaulds Lake Property. At least three drill holes are planned to test the best geophysical anomalies
located in the West Claim Block and several holes to test the McFaulds #3and #1 VMS deposits below the
500m vertical level. It is recommended that a systematic re-logging of the older drill core from McFaulds
#3 and #1 be done. An estimate of the 2008 exploration budget is detailed below.
2008 Budget
) Drilling BQ 4000m 526,000
b) Helicopter 60,000
c) Helicopter (crew changes and service) 70,000
d) Field technical Service 260,000
e) Assays (150 samples) 4,500
d) Supervision and report writing (2 months) 36,000
e) Transportation (geologists) 3,000
Subtotal $959,000
10% 96,000
TOTAL $ 1,055,000