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Investment Highlights

Investment Highlights. Emerging mining company (5 years old) Excellent potential for gold-bearing massive sulphide deposit(s) on 100%-held property Southern extension of 3.7 million ounce historic Cariboo Gold Fields $2.4 million invested on exploration to-date Targets ready for drilling.

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Investment Highlights

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  1. Investment Highlights • Emerging mining company (5 years old) • Excellent potential for gold-bearing massive sulphide deposit(s) on 100%-held property • Southern extension of 3.7 million ounce historic Cariboo Gold Fields • $2.4 million invested on exploration to-date • Targets ready for drilling

  2. Outline of Presentation • Overview • Ace project • 1998 plans

  3. Overview

  4. Overview Company History 1993-94 Gold discovered! Large massive sulphide boulder field defined 1995 Possible deposit indicated below boulder field 1996-97 6 additional prospects recog. - property expanded Drill targets defined on Ace project

  5. Overview Strong Management and Directors • Louis Doyle • President and CEO • Peter Hardychuk • 30 years successful businessman • Grant Hendrickson B. Sc. (Geophysics) P. Geo. • Managing Director, Delta Geoscience Ltd. • Stephen Price L.L.B • 15 years as a lawyer in BC • James Kasten M. Sc. (Geology) • 15 years explor. geologist, 4 years IR & corp. affairs

  6. Overview Experienced Support • John G. Payne, Ph.D. (Geology) • 24 years consulting geologist • Alan S. Dobbs, B.A.Sc. • 28 years successful businessman • Solicitor: Koffman Kalef • Auditor: Deloitte & Touche • Transfer Agent: CIBC Mellon Trust

  7. Overview Barker Minerals Major Metals Deposits in BC Yukon USA Vancouver USA

  8. Overview Gold Fields of British Columbia Cariboo Gold Field Barker Minerals Gold Fields in BC Yukon USA Vancouver USA

  9. Overview Ace Project Location 3.7 Million Ounces of Gold Property Boundry QR MountPolley 0 km 20

  10. Overview Brenda ProcessTechnology, Kelowna A Philosophy of Quality All analytical work by highly-respected companies Eco-Tech LaboratoriesKamloops

  11. Ace Project

  12. Ace Project Ace Project – Work to Date Invested over $2.4 million on exploration • Geochemical sampling 5,282 (soil, rock, stream) • Geophysical surveys 184 line km (Mag/VLF, E-Scan & IP) • Surface work 1,364 m trenches, 91 test pits

  13. Ace Project MINERAL OCCURRENCES Regional Geology Gold Massive Sulphide or Polymetallic

  14. Ace Project Kudz Ze Kayah Windy Craggy Wolverine Tulsequah Chief Kutcho Creek Barker Minerals Goldstream Barkerville and related terranes Homestake Rea VMS Deposits Within Similar Rocks Yukon USA Vancouver USA

  15. Ace Project Ace Project – Significant Mineralization • Boulder field: 8 km by 2 km • mineralized quartz-rich sulphide and massive sulphide boulders • Coincident bedrock mineralization • Pronounced soil and geophysical anomolies

  16. Ace Project Ace Project – Boulder Field BoulderField 0 km 2 Cluster of quartz-rich sulphide boulders 53 samples averaged 3.1 g/t gold Cluster of massive to semi-massive boulders Up to 13% combined zinc & lead

  17. Ace Project Ace Project – Boulder Field • Many large angular boulders indicate proximity to source • Quartz-rich sulphide vein boulders • 53 samples average 3.1 g/t gold • Bismuth to 2,500 ppm, Tellurium to 90 ppm • Massive sulphide boulders • up to 13% combined zinc & lead • up to 3 oz/t silver, 0.25% copper

  18. Ace Project Boulder Samples

  19. Ace Project Boulder Samples

  20. Ace Project 6.0g/t Gold 5.5g/t Gold 2% Zinc/ Lead Ace Project – Bedrock Mineralization Boulder Field 0 km 2 Quartz sulphide veins Massive to semi-massive sulphides

  21. Ace Project Bedrock Sample

  22. Ace Project Dug 18 Trenches

  23. Ace Project Zinc (+100 ppm) or lead (+25 ppm) Copper (+50 ppm) IP/Chargeability (+36mv/V) Soil Geochemistry & Geophysical Anomalies BoulderField Soil Anomalies 0 km 2 Geophysical Anomaly

  24. Ace Project Compelling Evidence • Mineralized boulder field • Coincident bedrock mineralization • Well-defined zinc-lead soil anomaly • Strong IP/Chargeability anomaly

  25. Ace Project BC Geological Survey Takes Notice “…massive sulphide mineralization and gold-bearing quartz-rich rocks have similarities to the deep- seated, massive sulphide deposits in the Besshi district of Japan”Hoy and Ferri, 1997

  26. Ace Project Strathcona Reports on Barker “The most likely targets on the property are the Besshi-type sediment-hosted massive sulphides similar to the Goldstream deposit…” Strathcona, Feb. 1998

  27. 1998 Plans

  28. 1998 Plans Ace Project – 1998 Exploration Program • Data compilation, geological mapping, geochem & trenching • Detailed IP within target area • 5 to 10 initial diamond drill holes

  29. 1998 Plans Cariboo Upper Grain Frank Creek Sellers Prospect Area Tasse Black Bear Additional Prospects Ace Project Property Boundry

  30. 1998 Plans Cariboo Cariboo Prospect • Zinc/lead replacement within carbonate host • Resource est: 400,000 tonnes at 4% (zinc and lead) • Mineralized horizons up to 8 meters thick

  31. 1998 Plans Frank Creek Prospect • Bedrock up to 4.5% zinc (grab samples) • Extensive alteration-within areas of Zinc mineralization • Numerous airborne E.M. conductors Frank Creek

  32. 1998 Plans Respect for the Environment • Company sensitive to preserving the environment

  33. 1998 Priorities 1 Continue exploration on Ace and prospects 2 Develop marketing program 3 VSE Listing, IPO 4 Commence drilling on Ace project

  34. Committed to success Excellent potential for gold-bearing massive sulphide deposit(s) on Ace project Significant targets ready for drilling Loyal Shareholders Why We Will Succeed P P P P

  35. Reserve slides

  36. Ace Project Ace Project – Boulder Field Boulder Field

  37. Ace Project Ace Project – Boulder Field BoulderField

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