NEVADA BISONI MCKAY MINERAL INVENTORIES
NI 43-101 Resource Estimate Completed in February 2008 on Northern Half of Northern Section A (700 X 100 feet subsection):

Indicated Resources
10.6 M short tons (st) ave. 0.39% V2O5 at 0.2% cutoff
8.07 M short tons (st) ave 0.44% V2O5 at 0.3% cutoff

Inferred Resources
9 M short tons (st) ave. 0.42% V2O5 at 0.2% cutoff
7.4 M short tons (st) ave. 0.48% V2O5 at 0.2% cutoff

Engineer Estimates of at least 24 M st on Northern Section A projected in 2005, soon to be updated, in addition to Proven Resources on Northern Half of Northern Section A.