March 11, 2016

Hveragerdi

Historical grades of 1.12g/t Au have been recovered from 50– 60m in geothermal wells at Hveragerdi, while quartz veins have returned a high of 0.46g/t Au and soil anomalies a high of 2080ppb Au. The historic data has been insufficient exploration to define a current resource and the Company cautions that there is a risk further exploration will not result in the delineation of a current mineral resource.