From November 29, 2010 - 7:01 AM EST Press Release:

Exploration Update:

Eagle's Nest Deep

The Company has terminated deep drilling at the Eagle's Nest Complex due to continued difficulties in completing wedged holes from NOT-10-094. Hole NOT-10-094 drilled beneath the intersection reported in NOT-10-085-W2 returned a borehole geophysical target indicating that the Eagle's Nest deposit continues at depth but the mineralization trends to the south west. The Company lost three attempted wedge holes targeting the geophysical target. In light of the inability to complete these deep wedge holes and the high costs associated with this type of drilling, the Company has decided to terminate the deep drilling program while it re-evaluates various alternatives.

The Company is confident, based on the down hole geophysical results, that Eagle's Nest mineralization remains open at depth and definition of the deposit below the 1,400 metre level will occur at a future date as part of advanced exploration and potentially from underground drill stations.