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Corporate Overview Metallum Resources Inc. (formerly Young-Shannon Gold Mines, Limited) is focused on the discovery and development of world-class precious metal deposits. The company's current property assets include a recently acquired gold property in Argentina and one existing gold property in Ontario, Canada. Located in mining friendly regions, these properties are close to infrastructure thereby creating an ideal environment for development potential. Metallum has sufficient funding to carry out its operations and pursue new acquisition opportunities as they arise. The Company's management team is experienced and well versed in precious and base metal exploration and mining engineering world-wide. Metallum exists to create prosperity for its shareholders and enhance the vitality of the communities in which it operates. The acquisition of the Argentina property, known as the 'M-18' gold property is the first time in Metallum's history it has expanded into an offshore environment. It's 'Chester' gold property is located mid-way between Sudbury and Timmins, Ontario and comprises a group of 11 patented and 18 unpatented claims within Chester Township. The company has recently signed an Option Agreement with a private company to earn-in and joint venture the Chester Property. The private company will undertake a strategy to go public and become listed on the TSX Venture Exchange. Metallum will acquire from this new issuer shares having a value of $100,000 and 50% of the shares issued each year by the public company on each anniversary date of the agreement. The option agreement calls for the private company to spend $2.2M over four years for a 46.25% interest in the Chester property.
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| 67 Yonge St., Suite 602, Toronto, Ontario, Canada M5E 1J8 • Tel: 416-861-8351 • Fax: 416-867-2298 • info@metallumresourcesinc.com | ||||||||||||||||||||||||||