February 1st 2005:

Moly Ore Reserves and Grades Endako 2003.... The combined proven and probable reserves for the Endako pit at October 1, 2003 is 38,200,000 tonne's grading 0.072 per cent molybdenum. The Denak pit has a combined proven and probable reserve of 22,700,000 tonne's grading 0.069 per cent molybdenum and the surface stockpile is 26,300,000 tonne's grading 0.04 per cent molybdenum (Alan Morrish, General Manager and Vice President, Thompson Creek Mining Ltd.).

MOLY ORE RESERVES AND GRADES ADANAC (Historical until NI-43-101 completed) 151,971,000 Tonne's Grading 0.063% Molybdenum (o.105% MoS2) Do the math...ADANAC has nearly twice the reserves of Endako and EXTREME potential for far greater reserves to yet be proven thru further Drilling.....Sooner or later all this and the rest of ADANAC Potential will be seen by all.....YGM

The previous drill work (prior to AUA) was done to an average of 500ft mark (open pit depth) AUA has drilled deeper and holes bottoming in Moly have reached as deep as 1180 ft...In some cases depth and extension (outside the original defined orebody) drilling rec'd the highest assays yet of any previous work...This deposit has EXTREME potential for expansion, as most past BC moly deposits have doubled to quadrupled in size subject to mine production...This property has a total of 248 drill holes in it...134,418 ft...40,418 Meters of DRILLING and assays...Over 3000 ft of Tunneling and Crosscutting for Bulk sample of 9000+ Tonne's Milled to recover 17% to 26% better Moly Grades than Drill Program/Assays had indicated...Show me one new play that can even come close to this amount of exploration work or information...Endako original had estimated 15 yr lifespan in 1960's and is still going w/ estimated 10 yrs left...Adanac is the only serious contender for the FIRST new PURE MOLY MINE (NO SULPHIDES) out there...How people can get so distracted from the facts by all these "Mineral of the Month Club" plays is beyond me!...Larry Reaugh has been 13 yrs in the Moly exploration field and one hell' ofva track record to boot by bringing 4 other Mines to production......YGM

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