Leases 422 and 423, (collectively the “Jordan Lands”), each comprising 11,520 acres, were purchased at a Crown land sale in December 2006. SilverWillow holds a 100 percent working interest in both leases. Eight core holes were drilled on the Jordan Lands during the 2006/2007 and the 2008/2009 winter seasons to provide an initial evaluation of the resource potential. Of the eight core holes drilled, one encountered oil sands, with a thickness of 30 metres and at a depth of 45 metres. Additional exploration drilling and evaluation will be required to determine the extent of the resource and potential recovery methods. At this time, no resource estimates have been attributed to this property.