Investment Highlights

• Emerging mining company (5 years old)

• Excellent potential for gold-bearing massive sulphide deposit(s) on 100%-held property

• Southern extension of 3.7 million ounce historic Cariboo Gold Fields

• $2.4 million invested on exploration to-date

• Targets ready for drilling

Outline of Presentation

•Overview•Ace project•1998 plans

Overview

Company History

Gold discovered!Large massive sulphide boulder field defined

1993-941993-94

Possible deposit indicated below boulder field 19951995

6 additional prospects recog. - property expanded

1996-971996-97

Drill targets defined on Ace project

Overview

Strong Management and Directors

• Louis DoylePresident and CEO

• Peter Hardychuk30 years successful businessman

• Grant Hendrickson B. Sc. (Geophysics) P. Geo.Managing Director, Delta Geoscience Ltd.

• Stephen Price L.L.B15 years as a lawyer in BC

• James Kasten M. Sc. (Geology)15 years explor. geologist, 4 years IR & corp. affairs

Overview

Experienced Support

• John G. Payne, Ph.D. (Geology) 24 years consulting geologist

• Alan S. Dobbs, B.A.Sc.28 years successful businessman

• Solicitor: Koffman Kalef • Auditor: Deloitte & Touche • Transfer Agent: CIBC Mellon Trust

Overview

Major Metals Deposits in BC

VancouverVancouver

USAUSA

YukonYukon

USAUSA

Barker MineralsBarker Minerals

Overview

Gold Fields of British ColumbiaGold Fields of British Columbia

Gold Fields in BC

VancouverVancouver

USAUSA

YukonYukon

USAUSA

Barker MineralsBarker Minerals

Cariboo Gold FieldCariboo Gold Field

Overview

3.7 Million Ounces of Gold

Location

Property BoundryProperty Boundry

Ace ProjectAce Project

Overview

Mount Polley

QR

0 km 20

A Philosophy of Quality

All analytical work by highly-respected companies

Eco-Tech LaboratoriesKamloops

Brenda ProcessTechnology, Kelowna

Overview

Ace Project

Ace Project – Work to Date

Invested over $2.4 million on exploration• Geochemical sampling

5,282 (soil, rock, stream)• Geophysical surveys

184 line km (Mag/VLF, E-Scan & IP)

• Surface work 1,364 m trenches, 91 test pits

Ace Project

Regional Geology

Ace Project

MINERAL OCCURRENCES MINERAL OCCURRENCES

Massive Massive Sulphide orSulphide orPolymetallicPolymetallic

GoldGold

VancouverVancouver

USAUSA

USAUSA

Barkerville and Barkerville and related terranesrelated terranes

HomestakeHomestake

TulsequahTulsequahChiefChief

KutchoKutcho CreekCreek

Windy Windy CraggyCraggy

VMS Deposits Within Similar RocksVMS Deposits Within Similar Rocks

YukonYukonKudz Ze Kudz Ze KayahKayahWolverineWolverine

Ace Project

Barker MineralsBarker Minerals

ReaRea

GoldstreamGoldstream

Ace Project – Significant Mineralization

• Boulder field: 8 km by 2 km

mineralized quartz-rich sulphide and massive sulphide boulders

• Coincident bedrock mineralization

• Pronounced soil and geophysical anomolies

Ace Project

Ace Project – Boulder Field

Ace Project

Cluster of quartz-rich sulphide Cluster of quartz-rich sulphide bouldersboulders 53 samples averaged 3.1 g/t gold53 samples averaged 3.1 g/t goldCluster of massive to semi-massive bouldersCluster of massive to semi-massive boulders

Up to 13% combined zinc & leadUp to 13% combined zinc & lead

0 km 2

BoulderBoulder FieldField

Ace Project – Boulder Field

• Many large angular boulders indicate proximity to source

• Quartz-rich sulphide vein boulders 53 samples average 3.1 g/t gold Bismuth to 2,500 ppm, Tellurium

to 90 ppm

• Massive sulphide boulders up to 13% combined zinc & lead up to 3 oz/t silver, 0.25% copper

Ace Project

Boulder Samples

Ace Project

Boulder Samples

Ace Project

Boulder FieldBoulder FieldBoulder FieldBoulder Field

Ace Project – Bedrock Mineralization

Quartz sulphide veinsQuartz sulphide veins

5.5g/t Gold5.5g/t Gold2% Zinc/2% Zinc/

LeadLead

6.0g/t Gold6.0g/t Gold

Ace Project

Massive to semi-massive sulphidesMassive to semi-massive sulphides

0 km 2

Bedrock Sample

Ace Project

Dug 18 Trenches

Ace Project

Soil Geochemistry & Geophysical Anomalies

Ace Project

Soil AnomaliesSoil Anomalies

Geophysical AnomalyGeophysical Anomaly

Zinc (+100 ppm) or lead (+25 Zinc (+100 ppm) or lead (+25 ppm)ppm) Copper (+50 Copper (+50 ppm)ppm)

IP/Chargeability IP/Chargeability (+36mv/V)(+36mv/V)

0 km 2

BoulderBoulder FieldField

Compelling Evidence

• Mineralized boulder field• Coincident bedrock mineralization• Well-defined zinc-lead soil anomaly• Strong IP/Chargeability anomaly

Ace Project

BC Geological Survey Takes Notice

“…massive sulphide mineralization and gold-bearing quartz-rich

rocks have similarities to the deep- seated, massive sulphide deposits in the

Besshi district of Japan” Hoy and Ferri, 1997

Ace Project

Strathcona Reports on Barker

“The most likely targets on the property are the Besshi-type

sediment-hosted massive sulphides similar to the Goldstream deposit…” Strathcona, Feb. 1998

Ace Project

1998 Plans

Ace Project – 1998 Exploration Program

• Data compilation, geological mapping, geochem & trenching

• Detailed IP within target area

• 5 to 10 initial diamond drill holes

1998 Plans

Additional Prospects

Property BoundryProperty Boundry

Ace ProjectAce Project

ProspectProspectAreaArea

FrankCreek

Cariboo

UpperGrain

Black Bear

Tasse

Sellers

1998 Plans

Cariboo Prospect

• Zinc/lead replacement within carbonate host

• Resource est: 400,000 tonnes at 4% (zinc and lead)

• Mineralized horizons up to 8 meters thick

1998 Plans

Cariboo

Frank Creek Prospect

• Bedrock up to 4.5% zinc (grab samples)

• Extensive alteration-within areas of Zinc mineralization

• Numerous airborne E.M. conductors

1998 Plans

FrankCreek

Respect for the Environment

• Company sensitive to preserving the environment

1998 Plans

1998 Priorities

11

22

33

44

Continue exploration on Ace and prospects

Develop marketing program

VSE Listing, IPO

Commence drilling on Ace project

Why We Will Succeed

Excellent potential for gold-bearing massive sulphide deposit(s) on Ace project

Significant targets ready for drilling

Loyal Shareholders

Committed to success

Reserve slides

Ace Project – Boulder Field

Boulder FieldBoulder FieldBoulder FieldBoulder Field

Ace Project

Ace Project – Boulder Field

BoulderBoulder FieldField

Ace Project