Share Structure

Issued: 69.88

Warrants: 17.17

Options: 4.7

Fully Diluted* 101.1 (would provide $6.3 million in additional funds)

* following closing of Australian acquisitions

Financial Reports

2010 Reports

2010 Financials – For 3 months ended September 30, 2010

2010 MD&A – For 3 months ended September 30, 2010

2010 Financials – For the year ended June 30, 2010

2010 MD&A – For the year ended June 30, 2010

2010 Financial Statements – For the 9 months ended March 31, 2010

2010 MD&A – For the 9 months ended March 31, 2010

Please visit SEDAR for previous Financial Statements and MD&A:

http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00005127

Management and Board of Directors

Peter Dickie – President, CEO and Director
Mr. Dickie brings over 20 years of business experience with both public and private companies holding numerous senior management positions.  A graduate of both the University of British Columbia, and the University of Victoria (B.C.), his background includes 4 years in the Securities industry with Jones, Gable & Co. Mr. Dickie has served on the board of a number public companies, including Lateegra Gold Corp. where he was instrumental in acquiring the primary asset for the company which ultimately resulted in a takeover of Lateegra..

David C. Beling, P.E. – Director
Dave Beling has a unique combination of project and corporate expertise, with over 47 years of experience in the global precious metal, base metal and energy mineral sectors. Mr. Beling has significantly reviewed or was directly involved with 84 underground mines, 127 open pit mines, and 163 mineral processing plants as a consultant or while employed with Phelps Dodge, Union Oil, Fluor, United Technologies, Westinghouse, and several Canadian and US junior mining companies. Since 1981 he served as a senior executive and member of the Board of Directors of eight public mining companies. In addition to developing and managing operations, he initiated or strongly contributed to the marketing and closing of several debt and equity financings, commodity and asset sales, mergers, acquisitions and joint ventures.

Jody Dahrouge, P.Geo – Director
Mr. Dahrouge is a graduate of the University of Alberta with a Bachelors Degree in Science (Geology).  Since 1998, he has been the President of Dahrouge Geological Consulting Ltd. a company he founded.  He has worked on a variety of early stage through development projects worldwide including coal, industrial minerals, rare metals, base and precious metals, and uranium projects.  His experience, insight, and energy will provide tremendous value in the development of the Elk Creek and Archie Lake projects.

Mr. Claude Dufresne – Technical Advisor
Mr. Dufresne, Ing. graduated with a Bachelors degree in Mining Engineering from Laval University in 1991. Following his graduation, Mr. Dufresne started working with Cambior as a metallurgist. In 1996, he was transferred to Cambior’s largest operation, OmaiGold Mines Ltd., located in Guyana, S.A before being promoted to Marketing Manager. After Cambior’s acquisition by Iamgold Corp, Mr. Dufresne collaborated with Iamgold’s Corporate Development group while continuing with its Sales & Marketing activities, which included niobium and bauxite. In January 2008, Mr. Dufresne started Camet Metallurgy Inc, a joint venture company with Iamgold, which is responsible for the worldwide Sales and Marketing of Iamgold’s niobium from the Niobec mine. Mr. Dufresne is a member of the Ordredes Ingenieurs du Quebec, and of the Tantalum & Niobium International Study Center (TIC).

Jim Reynolds, Chemical Engineer – Technical Advisory Board
Jim Reynolds has a broad background as a chemical engineer in metallurgical and chemical operations in research, hydrometallurgical process development and chemical plant management covering 50 years.  Mr. Reynolds has 30 patents issued during his 28 years of consulting activities on over 80 world-wide projects. His experience includes employment with American Potash, Kerr McGee Corporation and Hazen Research, specializing in light and heavy metals processing, recycle of secondary metals, and industrial electro-chemicals. As a project manager at Hazen Research, Mr. Reynolds managed base metals and uranium laboratory and pilot programs for project pre-feasibility evaluations.

David R. Shoemaker, Mining Engineer – Technical Advisory Board
For over fifty years Dave Shoemaker has worked in the base metals, precious metals, and energy metals sectors.  Mr. Shoemaker has extensive experience in large open pit, block caving, and cut and fill operations.  Mr. Shoemaker has held the positions of Mining Engineer, Chief Engineer, Operations Superintendent at caving and open pit mines, and Manager and Vice President of Molycorp Inc. Molybdenum Group.  While working for Molycorp Inc., Hecla Mining Company, Phelps Dodge Corporation, Inspiration Consolidated Copper Co., Utica Mines Ltd., Homestake Mining Company, and as a Mining Consultant, Mr. Shoemaker has been involved in the evaluation, of over 100 mineral properties.  In summary, Mr. Shoemaker has extensive experience in mine operations, mine planning, and mine evaluation.

Mr. James Allan M.Sc. P.Eng – Director
Mr. Allan holds a BA Sc (Geological Engineering), from the University of British Columbia and a MSc (Geology, Engineering) from Queen’s University. He is a Registered Professional Engineer, belonging to the Association of Professional Engineers, Geologists and Geophysicists of Alberta (APEGGA).
As a geological engineer, Mr. Allan has over 45 years of experience with several major mining and petroleum companies and as an independent consultant in mining exploration and exploration management, mineral property evaluation and mining geology. He has conducted and managed exploration and evaluation programs for a wide variety of mineral commodities in Canada, the United States, Latin America, the Philippines, Malaysia, Australia and the former Soviet Union including Russia.Mr. Allan also has extensive experience in the exploration for, and evaluation of rare earth deposits both as manager of exploration in Canada for a large rare earth company (Molycorp Canada) from 1982 to 1990 and as an independent consultant.

Casey Forward – CFO
Mr. Forward is an independent CGA with over 20 years of experience in both private and public companies involved in mining and business development. Mr. Forward currently serves as a director or officer of several public companies involved in the mineral resource sector.

Erin Chutter – Director
Mrs. Chutter is the President and Founder of Puget Ventures Inc., a TSXV listed mineral exploration company advancing the Werner Lake Cobalt Mine in Ontario, Canada. She is also a founder and director of two private companies. Active in politics since the late 1980s, Erin has managed and advised campaigns at three levels of government, as well as party leadership races.…