Ann: Due Diligence Update - Visable Gold in first drill hole, page-8

Maybe have a better read and soak it all in

Looks alright to me..

-SPX has completed its first of four diamond drill holes

-The remainder of the hole will be assayed for gold and a suite of other elements with results expected to be received in approximately 4 weeks.

The hole was also successful in intersecting additional targets in an un-named link structure, the No. 2 Vein / Madre Vein and the Washington Vein.

The historic intersections in a nearby hole 2011-22 were: • 2.90m at 10.28 g/t gold from 22.56m (Madre Vein); and • 0.30m at 57.63 g/t gold from 61.26m (Washington Vein)

The historic intersections in a nearby hole 2011-22 were:

• 2.90m at 10.28 g/t gold from 22.56m (Madre Vein);
and
• 0.30m at 57.63 g/t gold from 61.26m (Washington Vein)

However, hole 2011-22 was not drilled far enough to intersect the Dean Vein in the hanging wall of the Washington Vein. The due diligence hole has been successfully drilled into the hanging wall to intersect the Dean Vein and this is where the visible gold has been seen.

The discovery of coarse visible gold in our first drill hole illustrates the potential of the Washington Gold Project and our due diligence to date suggests the opportunity to extend known high grades lodes and supports the potential for the discovery of new lodes in areas where isolated high grade drill intersections have not been followed up by further drilling.