Announcement PDF MARKET ANNOUNCEMENT Elk Range Mining Limited (ASX : ELK) | ACN: 684 549 620 | ABN: 39 684 549 620 Unit 11, 12-14 Thelma Street, West Perth, WA 6005 | info@elkrange.com.au elkrange.com.au 30 October 2026 QuarterlyActivities Report For the period ended 30 September 2026 Elk Range completes IPO and delivers 89.6m @ 5.5g/t Au in maiden Friday hole Highlights Exploration at Friday First assays from maiden hole 26FRD001, reported after quarter end on 27 October 20261 : 290.3m @ 2.8 g/t Au from 18.7m, including 89.6m @ 5.5 g/t Au from 76.6m and 11.3m @ 21.4 g/t Au from 137.2m, immediately below the end of historical hole PFR2014_06, with mineralisation continuing to 308.9m, ~170m below the historical end-of-hole (all downhole lengths) Visible gold logged in maiden hole 26FRD001: seven observations within a ~10cm interval at ~122.5m downhole; assayed after quarter end at 268.4 g/t Au (122.38–122.68m)2 Coarse visible gold identified in retained historical core from PFR2014_06, an interval not previously analysed using modern methods2 ~113m historically mineralised interval resampled for PhotonAssay (first modern re-assaying by Elk Range) Maiden ~2,850m, eight-hole diamond program commenced 20 August 2026, ten days after listing Agnico Eagle agreed a US$60 million earn-in on Scout Discoveries’ Elk City projects3 , which adjoin Elk Range’s Friday and Buffalo Gulch projects, highlighting major-company interest in the district Corporate A$10 million IPO completed; shares commenced trading on the ASX on 10 August 2026 One-off items of A$1.56 million4 and exploration expenditure of A$0.59 million during the quarter, leaving A$7.19 million cash (excluding security deposits) at 30 September 2026 Since Quarter End 26FRD001 completed at 336.8m, with visible gold logged at four further depths, the deepest ~97m below the end of the historical hole2 Drilling continuing on the second pad, with 26FRD003 underway; PhotonAssay results from historical hole PFR2014_06 remain pending (Click here to view this announcement in the Elk Range Mining InvestorHub) Overview Elk Range Mining Limited (ASX: ELK) (“Elk Range” or the “Company”) presents its Quarterly Activities Report for the period ended 30 September 2026, its first as an ASX-listed company. The Company’s initial focus is Friday, a historical gold mine with existing underground development, where the strategy is to build 1 Refer ASX announcement “Maiden Friday Hole Hits 290m @ 2.8g/t incl 89.6m @ 5.5g/t”dated 27 October 2026. 2 Cautionary Statement – Visual Mineralisation: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Assay results for 26FRD001 were reported on 27 October 2026; PhotonAssay results for historical hole PFR2014_06 are pending. 3 Source: Scout Discoveries Corp news release dated 18 September 2026. Elk Range is not a party to the transaction. 4 One-off items comprise IPO costs (Costs of the Offers) of A$1.14 million; corporate one-off costs of A$0.25 million; and A$0.17 million of refundable security deposits. Refer to Section 2.3. Totals may not add due to rounding. Elk Range Mining Limited Page 2 of 12 a modern geological and assay dataset as the foundation for a Mineral Resource reported in accordance with the JORC Code. The September Quarter put the first steps of that strategy in place, with the Company listing on the ASX and commencing its maiden drilling program. Chief Executive Officer, Edward Keys, said: “It has been a significant first quarter for Elk Range. We completed our IPO, listed on the ASX and commenced drilling at Friday. Logging visible gold in our first hole was an encouraging start to our exploration program, and the assays reported since quarter end have confirmed it. The gold carries on for more than 170 metres below where the old hole stopped, starting with 11 metres at 21 grams per tonne. Additionally, the news from our neighbour Scout Discoveries is very significant – its transaction with Agnico Eagle for a US$60 million earn-in on ground right next to ours is a strong endorsement of the district. We are excited to see our region hotting up.” 1. Exploration 1.1. Friday Gold Project On 11 August 2026, the Company executed a drilling agreement with Black Cloud Mining & Drilling LLC for its maiden ~2,850m surface diamond program at Friday5 . Drilling commenced on 20 August 20266 . Phase 1 comprises up to eight surface diamond holes, with potential for two further holes (26FRD009 and 26FRD010) to be considered, subject to results. The program has three objectives: • validate historical high-grade gold mineralisation through twin and extension drilling; • infill and resource-definition drilling to support a future Mineral Resource estimated and reported in accordance with the JORC Code; and • test the Friday mineralised system at depth and along strike beyond the areas most intensively drilled historically. All Phase 1 holes are on patented mining claims. Drilling uses oriented HQ3 triple-tube core, and a Nevada- based laboratory with PhotonAssay capability has been engaged. Much of 26FRD001 was drilled on a single shift during start-up, with progress also moderated by broken ground requiring shorter drilling runs. The rig moved to double shift in September, and 24-hour drilling has been in place from the start of 26FRD002. Image 1 (left): Drill rig operating at the Friday Gold Project. Image 2 (right): Core cutting at the Friday Gold Project 5 Refer ASX announcement “Elk Range Mining Set to Commence Maiden 2,850m Drilling Program at Friday Gold Mine”dated 11 August 2026 6 Refer ASX announcement “Elk Range Commences Drilling at Friday Gold Mine”dated 20 August 2026. Elk Range Mining Limited Page 3 of 12 Visible gold in maiden hole 26FRD001 On 17 September 2026, the Company reported seven visible gold observations in 26FRD001 between 122.45m and 122.55m (401.74–402.07ft) downhole2,7 . These are the first visible gold observations in Elk Range drilling. The gold occurs as coarse native grains associated with deformed quartz-feldspar- carbonate veining and pyrite. The seven observations sit within a ~0.10m interval and are not seven separate mineralised zones. They occur ~14.5m up-hole of the coarse visible gold identified in nearby historical hole PFR2014_06. The different positions of visible gold in the two broadly parallel holes provide new information on the structural controls on coarse gold at Friday. By quarter end, 26FRD001 had drilled past the 137.16m (450ft) end-of-hole depth of PFR2014_06, with logging continuing to identify similar veining, alteration and breccia textures. Subsequent to Quarter-end On 6 October 2026, the Company reported completion of26FRD001 at 336.8m (1,105ft)8 . Additional visible gold was logged at ~124.1m (407ft), ~138.7m (455ft), ~159.9m (524.5ft) and ~233.8m (767ft) downhole. The last three lie beyond the 137.16m (450ft) end of PFR2014_06, with the deepest ~97m further downhole. These are visual observations only.2 26FRD001 recovered oriented core through the entire hole, providing the first oriented structural data from Friday tied directly to visible gold. On 27 October 2026, the Company reported assay results for 26FRD0011 . The hole returned 290.3m @ 2.8 g/t Au from 18.7m, including 89.6m @ 5.5 g/t Au from 76.6m (including 37.1m @ 8.3 g/t Au from 129.1m) and 51.8m @ 2.6 g/t Au from 216.4m (including 22.4m @ 5.1 g/t Au from 228.0m). Historical hole PFR2014_06 ended at 137.16m. Immediately below that depth, 26FRD001 returned 11.3m @ 21.4 g/t Au from 137.2m, and mineralisation continued to 308.9m downhole, ~170m below the historical end-of-hole. All intervals are downhole lengths and true widths have not been estimated. Figure 1: Cross-section A–A′ (looking north) showing 26FRD001 assays and historical holes PFR2014_06 and PFR2009_11 (source: ASX announcement dated 27 October 20261 ). 7 Refer ASX announcement “Multiple visible gold occurrences identified in maiden Elk Range drill hole at Friday” dated 17 September 2026. 8 Refer ASX announcement “Maiden hole complete with additional visible gold identified”dated 6 October 2026. Elk Range Mining Limited Page 4 of 12 Table 1: 26FRD001 significant gold intercepts 26FRD001 was drilled along the interpreted shear zone; all intervals are downhole lengths and do not represent true widths, which have not been estimated. Hole ID From (m) To (m) Interval (m) Au (g/t) Gram- metres Cut-off grade Au (g/t) Zone 26FRD001 18.65 308.91 290.26 2.8 820 Min Env* Broader mineralised interval incl. 18.65 71.93 53.28 1.9 100 0.45 Above historical EOH incl. 24.23 44.20 19.96 2.6 52 1.00 and 52.27 59.44 7.16 4.5 32 1.00 76.63 166.18 89.55 5.5 491 0.45 Straddles historical EOH incl. 111.71 125.58 13.87 9.7 135 1.00 and 129.08 166.18 37.09 8.3 308 1.00 Straddles historical EOH incl. 137.16 148.44 11.28 21.4 241 5.00 Below historical EOH 177.18 189.89 12.71 4.5 57 0.45 Below historical EOH incl. 177.18 187.15 9.97 5.5 55 1.00 incl. 181.69 184.71 3.02 13.4 40 5.00 200.25 207.11 6.86 0.7 5 0.45 Below historical EOH 216.41 268.22 51.82 2.6 135 0.45 Below historical EOH incl. 227.99 250.39 22.40 5.1 114 1.00 273.10 308.91 35.81 0.8 29 0.45 Below historical EOH Reporting criteria: minimum intersection 3m downhole length; maximum internal dilution 3.35m downhole length; zones of core loss ascribed null value (0 g/t Au); intersections reported at various cut-off grades: 0.45g/t Au, 1.00g/t Au and 5.00g/t Au. *Mineralised envelope extends between first and last assays at 0.45g/t Au and includes all internal dilution (14%). EOH = end of hole. Correction: Table 1 of the ASX announcement dated 27 October 2026 showed 300 gram-metres for the 37.09m @ 8.3 g/t Au interval; the correct figure is 308 gram-metres, as shown above. All grades and intervals are unchanged. Source: ASX announcement dated 27 October 20261 . Assays also confirmed the previously reported visible gold. The assay interval from 122.38m to 122.68m, containing the seven visible gold observations, returned 268.4 g/t Au, and the visible gold veinlet at ~233.8m returned 0.39m @ 120.0 g/t Au. Drilling is continuing on the second pad. 26FRD002 reached ~151m before drilling was paused due to mechanical issues, and the rig moved to 26FRD003, which had reached ~125m at 27 October 2026. Drilling of 26FRD002 will resume once 26FRD003 is complete. Image 3 (left): 26FRD001 core at ~767ft (233.8m) downhole showing a visible native gold veinlet extending for more than 1cm, logged after quarter end; this interval returned 0.39m @ 120.0 g/t Au¹. Scale shown in cm/mm with a 20.5mm diameter coin. Image 4 (right): CEO Edward Keys and geologists inspecting 26FRD001 core at Friday. Cautionary Statement – Visual Mineralisation: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Elk Range Mining Limited Page 5 of 12 1.2. Historical core review The Company commenced a systematic review and re-logging of retained historical drill core at Friday during the quarter. On 14 September 2026, the Company reported coarse visible gold at ~137.0–137.1m in the final metre of historical hole PFR2014_069 . This interval was reported by a previous operator in 2014 as 5.30m @ 26.54 g/t Au from 131.86m, within a broader 112.78m @ 5.22 g/t Au from 24.38m⁹. The available historical records show fire-assay results only, and the historical logs do not record the visible gold. These historical results were not generated by Elk Range. Elk Range has quarter-core sampled the ~113m historically mineralised interval for PhotonAssay using a ~500g charge, compared with the historical 50g fire assay. This will provide a modern comparison with the historical results and improve understanding of coarse-gold variability. Image 5 (left): Retained historical drill core stored at Friday. Image 6 (right): Coarse visible gold observed at ~137m downhole in historical drill core PFR2014_06, within the interval historically reported by a previous operator as 5.30m @ 26.54 g/t Au from 131.86m to 137.16m. Scale divisions are 1mm. Cautionary Statement – Visual Mineralisation: Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. 1.3. Buffalo Gulch and Deadwood No field work was undertaken at Buffalo Gulch or Deadwood during the quarter. Work at both projects is focused on compiling and validating historical datasets to rank targets for future field programs, with Friday remaining the Company’s near-term priority. 1.4. Agnico Eagle Invests in Abutting Tenure On 18 September 2026, Elk Range’s neighbour, Scout Discoveries Corp (“Scout”), announced that it had agreed a US$14.8 million investment by Agnico Eagle Mines Limited (“Agnico Eagle”) as part of a US$25 million private placement, giving Agnico Eagle 14.9% fully diluted ownership of Scout. Concurrently, Scout’s largest shareholder, The Electrum Group, agreed to invest US$10.2 million at US$1.50 per share, increasing its fully diluted ownership of Scout from 27% to 30%. Agnico Eagle also agreed an earn-in for Scout’s Elk City projects whereby it can earn up to a 70% interest by funding US$60 million over eight years (US$20 million over five years for 51%, plus US$40 million over three years to reach 70%). 9 Refer ASX announcement “Coarse Visible Gold Identified in Review of Historical Core at Friday Gold Project” dated 14 September 2026. Elk Range Mining Limited Page 6 of 12 Scout will act as operator during the earn-in periods through its internal drilling division, Scout Drilling LLC. Initial programs across the projects total ~US$9.4 million through the end of 2027. Importantly for Elk Range, Scout’s Elk City projects, in which Agnico Eagle is earning an interest, are located immediately next to and abut the Company’s Friday and Buffalo Gulch projects. Mineralisation on adjoining properties is not necessarily indicative of mineralisation on the Company’s projects. Figure 2: Idaho Gold Project map showing Elk Range’s three project areas (Friday Mine, Deadwood and Buffalo Gulch). Neighbouring companies include Scout Discoveries, Legacy Gold Mines (TSXV: LEGY) and Idaho Strategic (NYSE American: IDR). Agnico Eagle has agreed an earn-in for Scout’s Elk City projects, whereby it can earn up to a 70% interest by funding US$60 million over eight years (US$20 million over five years for 51%, plus US$40 million over three years to reach 70%). 1.5. Outlook • Report assay results for core drilled to date in 26FRD002 and 26FRD003, expected in late November 2026, and PhotonAssay re-assay results from historical hole PFR2014_06 (pending) • Continue Phase 1 drilling on the second pad, with 26FRD003 underway and 26FRD002 to resume once 26FRD003 is complete • Use the oriented structural data, visible gold positions and assay results to target the remaining Phase 1 holes • Plan follow-up drilling, including potential underground drilling, based on Phase 1 results Elk Range Mining Limited Page 7 of 12 2. Corporate 2.1. IPO and ASX Listing Elk Range was admitted to the Official List of ASX on 6 August 2026 and its shares commenced trading on 10 August 2026. The fully subscribed IPO raised A$10 million (before costs) through the issue of 50,000,000 shares at A$0.20 per share. 2.2. Cash position The Company held cash and security deposits of A$7.36 million at 30 September 2026 (30 June 2026: A$0.22 million) and no debt, comprising cash of A$7.19 million (Appendix 5B, item 4.6) and A$0.17 million of refundable security deposits. The Company incurred material one-off costs during the quarter (see Section 2.3), and the movement in cash reflects the IPO, these one-off listing costs and the start of exploration: • financing inflows of A$9.31 million, being A$9.97 million of IPO proceeds received during the quarter less A$0.66 million of share issue costs (A$0.03 million of the A$10.0 million IPO proceeds was received prior to 30 June 2026 and is included in opening cash); and; • operating outflows of A$1.56 million, of which A$0.68 million were one-off items (including A$0.45 million of IPO listing and business development costs); and • investing outflows of A$0.81 million, including A$0.59 million of exploration and evaluation expenditure (which is capitalised), security deposits and office equipment. 2.3. Use of funds The table below compares actual expenditure to 30 September 2026 with the use of funds in the Prospectus dated 17 June 2026, as amended by the Supplementary Prospectus dated 25 June 2026, in accordance with ASX Listing Rule 5.3.4. The Prospectus budget covers the two years following admission. Table 2: Use of funds Use of funds (A$m) Prospectus budget One-off costs Ongoing costs Total to 30 Sep 2026 Remaining budget Exploration costs 5.00 – 0.53 0.53 4.47 Corporate costs 2.50 0.25 0.70 0.95 1.55 Costs of the Offers 0.90 1.14 – 1.14 (0.24) Working capital 2.00 0.17 0.24 0.41 1.59 Total 10.40 1.56 1.47 3.03 7.36 Costs of the Offers comprise share issue costs (Appendix 5B, item 3.4), IPO costs relating to the listing of existing shares (item 1.8) and GST and other IPO costs within item 1.2(e). Totals may not add due to rounding. One-off costs of A$1.56 million were mainly related to the IPO and listing. These included IPO costs incurred before 30 June 2026 and paid after the IPO, creditors and fees accrued before listing, business development, office establishment and refundable security deposits. Costs of the Offers exceed the Prospectus estimate by A$0.24 million, mainly due to pre-listing IPO costs paid during the quarter. Corporate costs are expected to reduce materially from the December Quarter as one-off listing costs fall away and, with drilling now on a 24-hour basis, exploration will become the largest use of funds. 2.4. Exploration expenditure and production (LR 5.3.1 and 5.3.2) Exploration and evaluation expenditure for the quarter was A$0.59 million (Appendix 5B, item 2.1(d)). This comprised diamond drilling at Friday, geological supervision, assaying, site operating costs and A$0.05 million of annual federal claim holding fees. Exploration activities are described in Section 1. No mining production or development activities were undertaken during the quarter. Elk Range Mining Limited Page 8 of 12 2.5. Tenements (LR 5.3.3) The schedule of mining tenements is set out in Appendix 1. No tenements were acquired or disposed of during the quarter, and the Company holds no interests in farm-in or farm-out agreements. 2.6. Payments to Directors and related parties (LR 5.3.5) Payments of A$113,000 to related parties and their associates (Appendix 5B, item 6.1) comprise non- executive directors' fees and executive director fees paid to directors or their related entities, including fees for FY26 accrued before listing and paid during the quarter. This announcement has been authorised for release by the Board of Directors of Elk Range Mining Limited. Enquiries Investor Relations Leanne Kite Executive Director T: +61 401 438 850 E: leanne@elkrange.com.au Media Contact Luke Forrestal Director – GRA Partners T: +61 411 479 144 E: luke.forrestal@omc.com Follow Elk Range Mining on: About Elk Range Mining Elk Range Mining Limited (ASX: ELK) is a gold exploreradvancing the Idaho Gold Project in theUnited States. The project covers ~22km of the Orogrande Shear Zone and includes the historical Friday Gold Mine, with existing underground development and the permitted 135tpd Orogrande Processing Plant, together with the Buffalo Gulch and Deadwood gold projects. The Company’s near-term focus is defining a Mineral Resource at Friday, reported in accordance with the JORC Code. Important Information This announcement contains forward-looking statements which are identified by words such as "may", "could", "believes", "estimates", "expects", "anticipates", "intends", "plans" and similar expressions. Forward- lookingstatementsinthisannouncementinclude,butarenotlimitedto,statementsregardingtheCompany's exploration strategy, planned drilling programme, permitting activities, project advancement and other future events or expectations. These statements are based on the Company's current expectations, assumptions and beliefs concerning future events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, that may cause actual results, performance or achievements to differ materially from those expressed or implied in such statements. These risks include, but are not limited to, exploration results, geological conditions, commodity prices, permitting and regulatory approvals, funding availability, operational risks, environmental risks and general economic and market conditions. Forward-lookingstatementsarenotguaranteesoffutureperformance and should notberelied uponassuch. The Company, its Directors and management do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will Elk Range Mining Limited Page 9 of 12 occur. Except as required by law or the ASX Listing Rules, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Competent Person Statement - Exploration The information in the announcements listed under Previously Reported Information below was compiled by Mr Edward Keys, MAIG, a Member of the Australasian Institute of Geoscientists and a full-time employee of the Company in the position of Chief Executive Officer. Mr Keys has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the JORC Code. Historical Exploration Results Historical drilling results referred to in this report were generated by previous operators and were reported by the Company in the Prospectus dated 17 June 2026 and the ASX announcements dated 14 and 17 September 2026. They are provided for geological context only and are distinguished from the Company’s own analytical results. Previously Reported Information The information in this report that relates to Exploration Results for the Idaho Gold Project is extracted from the ASX announcements listed below, which are available at elkrange.com.au and asx.com.au: • Prospectus dated 17 June 2026 (including the Independent Geologist’s Report) • “Elk Range Mining Set to Commence Maiden 2,850m Drilling Program at Friday Gold Mine”, 11 August 2026 • “Elk Range Commences Drilling at Friday Gold Mine”, 20 August 2026 • “Coarse Visible Gold Identified in Review of Historical Core at Friday Gold Project”, 14 September 2026 • “Multiple visible gold occurrences identified in maiden Elk Range drill hole at Friday”, 17 September 2026 • “Maiden hole complete with additional visible gold identified”, 6 October 2026 • “Maiden Friday Hole Hits 290m @ 2.8g/t incl 89.6m @ 5.5g/t”, 27 October 2026 The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market announcements. All references to dollars ($) in this announcement are to Australian dollars unless otherwise stated. Elk Range Mining Limited Page 10 of 12 APPENDIX 1: Schedule of mining tenements The following information is provided in accordance with ASX Listing Rule 5.3.3. All tenure is located in Idaho County, Idaho, USA, and held through the Company’s wholly owned subsidiary, Elk Range Minerals LLC. Table 3: Summary of tenure at 30 September 2026 Project Tenure type Number Interest at start of quarter Interest at end of quarter Friday Patented mining claims 5 Leasehold (Friday Lease) Leasehold (Friday Lease) Friday Unpatented federal mining claims 103 Leasehold (Friday Lease) Leasehold (Friday Lease) Buffalo Gulch Unpatented federal mining claims 69 100% 100% Deadwood Unpatented federal mining claims 22 100% 100% Orogrande Processing Facility Fee land (surface estate only) 1 100% 100% Mining tenements acquired during the quarter: nil. Mining tenements disposed of during the quarter: nil. Beneficial interests in farm-in or farm-out agreements at the end of the quarter, or acquired or disposed of during the quarter: nil. Friday – patented mining claims (Leasehold, Friday Lease) Claim name Patent No. Survey No. Acres Friday Fraction 41174 1834 20.659 Friday 41174 1834 18.559 Regina 39226 1833 16.595 Alaska 3 41174 1834 20.653 Alaska 4 41174 1834 20.653 Friday – unpatented federal mining claims (Leasehold, Friday Lease) – 103 claims Claim name BLM serial no. Date located Claim name BLM serial no. Date located ORO1 ID101660360 5/30/2008 PT2 ID101300468 10/29/1995 ORO2 ID101660361 5/30/2008 PT17 ID101482946 11/2/1995 ORO3 ID101881113 5/30/2008 PT18 ID101482479 11/2/1995 ORO4 ID101881114 5/30/2008 PT19 ID101370344 11/2/1995 ORO5 ID101881115 5/30/2008 PT65 ID101434065 11/5/1995 ORO6 ID101881116 5/30/2008 PT74 ID101457615 2/9/1996 ORO7 ID101881117 5/30/2008 PT76 ID101483299 2/9/1996 ORO8 ID101881118 5/30/2008 PT78 ID101434258 2/9/1996 ORO9 ID101881119 5/30/2008 PT80 ID101484355 2/9/1996 T#1 ID101883032 10/8/2010 PT82 ID101431539 2/9/1996 T#2 ID101883033 10/8/2010 PT84 ID101482316 2/9/1996 T#3 ID101883034 10/8/2010 PT86 ID101433143 2/9/1996 T#4 ID101883035 10/8/2010 PT97 ID101454029 2/8/1996 T#5 ID101883036 10/8/2010 PT98 ID101432338 2/8/1996 T#6 ID101883037 10/8/2010 PT104 ID101434394 2/10/1996 T#7 ID101883038 10/8/2010 PT105 ID101483990 2/10/1996 T#8 ID101883039 10/8/2010 PT106 ID101431586 2/10/1996 NWS#1 ID101505960 6/19/2012 PT107 ID101482833 2/10/1996 NWS#2 ID101505961 6/19/2012 PT108 ID101480991 2/10/1996 NWS#3 ID101505962 6/19/2012 PT109 ID101430437 2/10/1996 NWS#4 ID101505964 6/19/2012 PT110 ID101330821 2/10/1996 NWS#5 ID101505965 6/19/2012 PT111 ID101433217 2/10/1996 Elk Range Mining Limited Page 11 of 12 Claim name BLM serial no. Date located Claim name BLM serial no. Date located GRANDE 1 ID101482476 4/18/1998 PT112 ID101433588 7/15/1996 GRANDE 2 ID101430638 4/18/1998 PT113 ID101480547 7/15/1996 GRANDE 3 ID101483929 4/18/1998 PT114 ID101484740 7/15/1996 GRANDE 4 ID101431345 4/18/1998 PT115 ID101432112 7/15/1996 GRANDE 5 ID101434456 4/18/1998 PT116 ID10137216 7/15/1996 GRANDE 6 ID101482979 4/18/1998 PT117 ID101484372 7/15/1996 GRANDE 7 ID101481733 4/18/1998 PT118 ID101432549 7/15/1996 GRANDE 8 ID101433125 4/18/1998 PT119 ID101483227 7/15/1996 GRANDE 9 ID101481654 4/18/1998 PT120 ID101481934 7/15/1996 GRANDE 10 ID101485163 4/18/1998 PT121 ID101484245 7/15/1996 BOX OF RAIN 1 ID101432109 7/13/1996 PT122 ID101377231 7/15/1996 BOX OF RAIN 2 ID101433584 7/13/1996 PT123 ID101433533 7/15/1996 BOX OF RAIN 3 ID101480543 7/13/1996 PT124 ID101373009 7/15/1996 BOX OF RAIN 4 ID101370309 7/13/1996 PT125 ID101484444 7/15/1996 BOX OF RAIN 5 ID101433856 7/13/1996 PT127 ID101497534 7/15/1996 BOX OF RAIN 6 ID101483171 7/13/1996 PT129 ID101481837 7/15/1996 BOX OF RAIN 7 ID101434406 7/13/1996 PT131 ID101347597 7/15/1996 BOX OF RAIN 8 ID101432161 7/13/1996 PT133 ID101433495 7/15/1996 BOX OF RAIN 9 ID101480426 7/13/1996 PT135 ID101483964 7/15/1996 BOX OF RAIN 12 ID101377229 7/13/1996 PETSITE #1 ID101483582 1/25/1995 BOX OF RAIN 13 ID101433532 7/13/1996 PETSITE #2 ID101481360 1/25/1995 BOX OF RAIN 14 ID101481442 7/13/1996 PETSITE #3 ID101433077 1/25/1995 BOX OF RAIN 15 ID101330817 7/13/1996 PETSITE #4 ID101432686 1/25/1995 BOX OF RAIN 16 ID101304779 7/13/1996 PETSITE #5 ID101482825 1/25/1995 BOX OF RAIN 17 ID101430695 7/13/1996 PETSITE #6 ID101482328 1/25/1995 BOX OF RAIN 18 ID101432228 7/13/1996 PETSITE FRAC ID101430689 1/25/1995 BOX OF RAIN 19 ID101373603 7/13/1996 TORONTO #1 ID101434243 1/25/1995 BOX OF RAIN 20 ID101349069 7/13/1996 SIDE HILL GOUGER ID101481937 1/25/1995 BOX OF RAIN 21 ID101459878 7/13/1996 VILLE MARIA ID101300305 1/25/1995 PT1 ID101484599 10/29/1995 Buffalo Gulch – unpatented federal mining claims (100%) – 69 claims Claim name BLM serial no. Date located Claim name BLM serial no. Date located BLACK BEAR #1 ID101454039 3/16/1982 A-80 ID101483483 5/10/1984 BLACK BEAR #2 ID101481247 3/16/1982 A-81 ID101432571 5/10/1984 BLACK BEAR #3 ID101451974 3/17/1982 A-82 ID101484598 5/10/1984 BLACK BEAR #4 ID102521058 3/17/1982 A-83 ID101480954 5/10/1984 BLACK BEAR #5 ID101431091 3/18/1982 A-84 ID101582207 5/10/1984 BLACK BEAR #6 ID101483358 3/18/1982 A-85 ID101300135 5/10/1984 EC-1 ID101481948 5/25/1983 A-90 ID101349091 5/10/1984 EC-2 ID101433322 5/25/1983 A-91 ID101483322 5/10/1984 EC-3 ID101434666 5/25/1983 A-92 ID101483298 5/10/1984 EC-4 ID101432000 5/25/1983 A-93 ID101432792 5/10/1984 EC-5 ID101434857 5/25/1983 A-94 ID101432841 5/10/1984 EC-6 ID101430522 5/25/1983 A-95 ID101431585 5/10/1984 EC-12 ID101484623 5/25/1983 A-96 ID101484090 5/10/1984 EC-14 ID101302977 5/25/1983 A-97 ID101483765 5/10/1984 EC-16 ID101378216 5/25/1983 A-98 ID101434288 5/10/1984 EC-18 ID101484495 5/25/1983 A-99 ID101433379 5/10/1984 EC-20 ID101434685 5/25/1983 TRAPPER-3 ID101365985 10/26/2007 EC-57 ID101480497 5/25/1983 TRAPPER-4 ID101365986 10/26/2007 EC-58 ID101432561 5/25/1983 TRAPPER-