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Our Properties Acquisition of Z&W Zhen Ding Corp.: The Company’s initial entry into the mining business occurred with the acquisition in Spring 2007 of 100% of the common shares of Z&W ZHEN DING CORP, a California company, which owns 70% of a Chinese Joint Venture Company in Anhui Province, China. Chinese Joint Venture Company: On October 12, 2006, and in accordance with the laws on Joint Ventures Using Foreign Investments of the Peoples Republic of China, XINZHOU GOLD CO.LTD (“Xinzhou”) and Z&W ZHEN DING CORP, entered into a joint venture contract forming the JING XIAN ZHEN DING MINING CO., with initial authorized capital of USD $1.6 million and as its major asset, 100% of the financial benefit of the WUXI GOLD project in Anhui Province. Wuxi Gold Project The Wuxi gold mine is located in Jingxian County, in the southwest region of Anhui Province, China. Much exploration has been done to date, including a mining feasibility study. The Company engaged an Independent American geologist to review this information and produce a 43-101 report. The Xinzhou exploration data and feasibility study shows approximately
295,000 tonnes of probable mine-able ore reserves averaging 8.41
g/T gold, 453 g/T silver, 1.33% copper, 2.63 % lead and 1.92% containing
80,000 oz. gold, 4.3 million oz., silver, 8.6 million lbs. copper,
17 million lbs., lead, 17 million lbs. and zinc, 12.5 million lbs.
(see attached table)
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