Discovery Alaska Ltd

Discovery Alaska Limited is an Australian company with a binding mining lease agreement for the 100% rights to the Vinasale Gold Project in Alaska, United States and a 100% interest in the Chulitna Project in Alaska, United States. The Vinasale Project is located approximately 310 kilometers (km) northwest of Anchorage and 26 km south of McGrath, on lands owned by Doyon, an Alaska Native Regional Corporation. The project comprises 6,500 hectares. The Chulitna Project comprises 24 claims covering approximately 15.5 square kilometers (km2), which is located on State of Alaska public lands. The Chulitna Project lies approximately 250 kilometers (km) north of Anchorage and close to the Parks Highway, which runs mostly parallel to the State-owned Alaska railroad. The Chulitna Project contains multiple prospect targets for varying commodities, including lithium, gold, silver, tin, copper and base metals. Its subsidiaries include Discovery Denali Pty Ltd and Discovery Alaska LLC.