Otterburn Target K92 Receives Mining Lease Renewal Notification From Barrick Gold Corp. - Seite 2

Within K92's mining lease, there is an historical inferred resource of 1.8Moz at 11.8 g/t Au Eq. and an indicated resource of 340,000 oz. Au at 17.7 g/t Au Eq*. Please refer to the Company's news release of August 25, 2014. Otterburn has commissioned a NI 43-101 compliant technical report to review and confirm these historic resource estimates, and anticipates filing this report shortly. Otterburn will be embarking on an expansion drilling program designed to target additional mineralization throughout 2015 and 2016, via the expansion and definition of previously drilled mineralized areas. Onsite, there exists fully developed infrastructure including an operational mill, camp, offices, access roads, reliable hydro supply via a dedicated power line, a life of mine tailings facility, and extensive underground mine development. Barrick purchased the project from Highland Pacific Ltd in December 2007 for USD $141 million and invested capital in regional exploration, definition drilling of the Kora deposit and mine development at the Irumafimpa deposit.

Mineralization on the property includes gold, silver and copper occurring in intrusive related gold telluride veins; copper-gold-silver sulphide veins and related porphyry copper-gold systems; and alluvial gold. The Irumafimpa-Kora vein deposit is the most advanced project at Kainantu, with past modern mining activity in the Irumafimpa area. The Irumafimpa-Kora deposit occupies a broad northwest-trending mineralized zone more than 2.5 kilometres long and up to 60 metres wide.

Mr. Doug Kirwin, K92 Advisor, notes "The structures hosting the lodes strike for several kilometers and have known vertical extents of hundreds of meters, and are open beyond this. This indicates significant potential to add to the existing resource, and the probability of discovering parallel lodes is high."

Upcoming activities planned by K92 onsite include the refurbishment of the existing mill and the Irumafimpa Mine underground infrastructure; underground and surface drill testing from Irumafimpa to Kora; definition drilling in other zones of mineralization discovered but not yet defined as a resource; and exploration targeting the discovery of new high grade deposits. Future plans, dependent on available financing, include an underground incline drive from the Irumafimpa deposit to the Kora deposit, and additional upgrades to the mine and mill.