FOR IMMEDIATE RELEASE Majority of the Board and CEO resign since Concerned Shareholders raise awareness of financial irregularities ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ VANCOUVER, BRITISH COLUMBIA -- May 14, 2013 Since the Concerned Shareholders, or vocal minority as we are referenced by the non mandated board, raised awareness of the financial irregularities taking place in the Company on April 1 of this year, the majority of the board has resigned as well as its CEO.

And, let there be no mistake, spending in excess of $10M in administration costs since 2005 versus exploration costs is a financial irregularity in our books, even if your financial statements happen to be audited. Further, since the Companys last AGM, all the directors have resigned except for Mr.

Christian Derosier.

He is the sole director who appears to be willing to stand accountable for the Companys past record.

Mr.

Derosier, apart from the resigning CEO, was also the director who most benefited receiving in excess of $75,000 in fees the past year when the Company spent less than $300,000 in total exploration costs.

It is in his personal financial interest to continue with the Company. However, Mr.

Derosiers financial interests dont just lie with your Company.

He has also been the lead technical advisor for a company called Cavan Ventures Inc. having been their Qualified Person for their last half dozen technical news releases. His compensation and stock option package for Cavan Ventures is not public information. The Companys appointment now of two of the directors of Cavan Ventures raises some serious questions of independence and whether there is some undisclosed plan involved. The parties should state clearly and publicly their professional relationships and their financial involvement.

Further, are these parties just nominees of Mr.

Derosiers and another attempt to entrench himself? Is there some undisclosed plan with Cavan Ventures, as it now appears the majority of them are attempting to control your Company? In direct response to the news release put out the by the non mandated board of directors of the Company:
* Public company directors must be held accountable to Shareholders, you cannot hide behind privacy laws. * Shareholders are encouraged to hold your directors responsible directly.

Those that dont want to be held responsible should not be directors. * The Concerned Shareholders have publicly stated on several occasions that it would have won the vote at the Companys AGM if it were allowed to proceed.

This information has never been contradicted by the board and if they believed they would have won there would have been no reason to cancel the meeting. The Concerned Shareholders have made several formal offers of settlement on April 17, May 2 and May 5 to the board taking into consideration their concerns with not even the courtesy of a response or an acknowledgement to any of them.

No formal offer has ever been received by the Concerned Shareholders from the board, contrary to their assertion. We are encouraged that the board intends to have its AGM as soon as it can.

Shareholders should be aware that a Shareholders meeting can be organized in 10 minutes.

The earliest date would be approximately July 13 and would give the board 2 weeks to prepare its meeting materials.

The question to ask is why have they not called the meeting yet? FOR MORE INFORMATION CONTACT: Concerned Shareholders Wim (Adriaan) Bakker or Stephen Pearce at 1-604-351-9924 By Email at: [mailto:] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Note Regarding Forward-Looking Statements The information in this news release includes certain "forward-looking statements" All statements, other than statements of historical fact, included herein including, without limitation, plans for and intentions with respect to the companys properties, statements regarding intentions with respect to obligations due for various projects, strategic alternatives, quantity of resources or reserves, timing of permitting, construction and production and other milestones, are forward looking statements. Statements concerning Mineral Reserves and Mineral Resources are also forward-looking statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be encountered and mining results if the project were developed and mined in the manner described.

Forward-looking statements involve various risks and uncertainties.

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

Important factors that could cause actual results to differ materially from The Concerned Shareholders expectations include the uncertainties involving the need for additional financing to explore and develop properties and availability of financing in the debt and capital markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of reserves and resources; the need for cooperation of government agencies and local groups in the exploration, and development of properties; and the need to obtain permits and governmental approval.

The Concerned Shareholders forward looking statements reflect the beliefs, opinions and projections of management on the date the statements are made.

The Concerned Shareholders assumes no obligation to update the forward looking statements if managements beliefs, opinions, projections, or other factors should they change. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Forward this email http://ui.constantcontact.com/sa/fwtf.jsp?llr=qn7hnpcab&m=1102176317872&ea=&a=1113409409534
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