BCM Resources Corporation Finalizes Thompson Knolls Agreement & Announces Non-Brokered Private Placement - Seite 2

Several potential drill sites already have been approved by the Utah Division of Oil Gas and Mining, and the BLM, and drill permits will be granted, pending the posting of reclamation bond. These sites are easily accessible by existing roads and trails. An ample source of drilling water also is present on the property. The Thompson Knolls project offers excellent potential to yield a world-class, high grade new open pit gold-copper mine.

Two principal large-scale mine exploration targets worthy of further advanced exploration have been identified on the Thompson Knolls property, either of which could hold a large mineable ore system:

1) The 2.7 by 3.3 kilometre "Main Porphyry" copper-gold-base metals target is located in the north central part of the property, which is covered by a thin layer of blow sand and possible lake beds. Ground magnetics are interpreted to indicate a large intrusive body with geophysically resistive and conductive areas in parts of the inferred large porphyry body. The geochemistry of nearby mineralized outcrops is very similar to that found at the giant Bingham Canyon, Utah copper-gold-molybdenum porphyry system, owned by Rio Tinto. No drillholes have tested this very prospective target area, but drill-plans have already been approved for the drilling of test holes, subject to posting a reclamation bond with the State of Utah.

2) The significant "Discovery Knoll" gold-silver-copper target already has been identified through historic test drilling conducted in the 1990s. Good grade gold and copper mineralization was found at shallow depths starting at 76 metres below the ground surface in several of these drillholes, suggesting that a granitic "porphyry" intrusive system may have been responsible for this mineralization. One very high-grade gold intercept was drilled that assayed 9.15 metres @ 8.01 g/t gold (0.234 oz/ton Au) and included a 3.05 metre interval that assayed 21.06 g/t gold (0.615 oz/ton Au) starting at a shallow depth of 82 metres. This intercept could be high-grade, sediment-hosted, gold mineralization superimposed on top of earlier-pulse intrusive related copper mineralization, or it could be intrusive-related. The above assay results are from historic drilling and are presented for information only. These results cannot be relied upon as they have not been confirmed by a Qualified Person.