The HY/Jay project located in Upper Hyland River area of eastern Yukon in a belt that hosts several high-grade gold vein occurrences, including
the 3Ace property currently being explored by Golden Predator Mining Corp. The HY claim group was acquired from Freeport McMoRan Exploration
(" Freeport") in 2011 who retains a 2-per-cent net smelter royalty ("NSR") payable to Freeport, which can
be reduced to a 1-per-cent NSR through a one-time payment of $1 million and was subsequently expanded by the addition of the Jay claims by
staking in 2011. Work to date by Freeport and Bearing has outlined three areas of anomalous gold in rock and soil, being the West and East
zones and the Zig Zag zone. Selective grab samples have returned elevated gold values and include two samples with visible native gold. Grab
samples are selective by nature and are unlikely to represent average grades of sampling on the entire property. Additional details can be
found in Bearing news releases dated Nov. 24 and Dec. 12, 2011. The Company is anticipating a follow-up program of compilation followed by
ground evaluation of all three zones.
Maricunga Lithium Fish Lake Valley Commander Transaction HY / Jay