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41 DRRF METALS Victorville, California ANALYTICAL ANALYSIS For Dan Priebs TEST RUN Date 04/13/09 BATCH REPORT NBR: 001 Density Purity 1941 RE: PGM METALS: Montana Concentrates in the Barrels SAMPLE METHOD: Qualitative and Analytical Modern Electroplating I.D. REF: Certified by: ROBERT E. FINCH Assayer/Owner (47 years in Chemistry) ASSAY NBR: ELEMENT GOLD SILVER PLATINUM PALLADIUM RHODIUM RUTHENIUM IRIDIUM OSMIUM (Au) (Ag) (Pt) (Pd) (Rh) (Ru) (Ir) (Os) % / TON OZ / TON (TROY) Note: The Gold was run twice. The first test gave ; the second test added an additional 76.1 for a total as indicated on the chart. I did not specifically test for the Rare Earths. This is a very rich ore concentrate. The above results are based upon the sample(s) subjected to analytical procedures. No warranty is made as to the reproducibility or the excitability of the ore(s), and no liability is assumed whatsoever as to the accuracy or the usefulness of any information contained within this report. This report is for control purposes only. Such Certification of Analysis or Assay requires inventory control with security and the supervision of the fiduciary source of involvement. This statistical information is provided for preacceptance of any values determined by the Chemical Testing lab. Values and numerical results vary based upon expertise, laboratory procedures, application of element standards, and the technician procedure(s) isolating elements involved. Independent evaluations by recognized laboratories are recommended for client acceptance. The above analytical report is considered conservative levels resulting from classical chemical methods. (NOTE) Scanning Electron Microscope (with EDX) this technique measures elemental compositions within the solid. It is still a local area measurement that loses accuracy if the sample is non-homogeneous, can be solved with looking at large areas. The normal depth probe was 50A. I., however, even with the largest area there can still be a sample homogeneity problem.
42 DRRF METALS, Inc Victorville, California May 20, 2009 Dan Priebs Subject: Asset Evaluation of Concentrate Dear Dan, Based on Rogers Research Assay of the precious metal concentrates that are stored in barrels in the secured warehouse facility in the Port of Montana, the approximate value is as follows: The analysis of a composite sample produced the following results: Gold Platinum Palladium Osmium Rhodium Iridium Ruthenium 2, oz/ton 2, oz/ton oz/ton oz/ton oz/ton oz/ton oz/ton Therefore the values are: Gold 2, oz/ton x = $ 2,386, Platinum 2, oz/ton x 1, = $ 2,493, Palladium oz/ton x = $ 9, Osmium oz/ton x = $ 257, Rhodium oz/ton x 1, = $ 130, Iridium oz/ton x = $ 230, Ruthenium oz/ton x = $ 14, Total Value $5,522, Grand Total is $5,522, x 188 barrels = $1,038,218, Prices are based on close of day May 20, 2009 If you have any questions please feel free to contact me at Sincerely, Dr. Robert E. Finch 1941 California Office Emelita St. North Hollywood, CA
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47 Precious Metal Ore Concentrate Synopsis University of Michigan - Summary of Assay Results Precious Metals Assay Results Conc. Per Ton Market Price Market Value Gold (Au) 5/10 of 1% Oz/Per Ton $ $159, Osmium (Os) 8/10 of 1% Oz/Per Ton $ $110, Ruthenium (Ru) 9/10 of 1% Oz/Per Ton $ $107, Rhodium (Rh) 6/10 of 1% Oz/Per Ton $9, $2,033, Palladium (Pd) 8/10 of 1% Oz/Per Ton $ $125, Platinum (Pt) 9/10 of 1% Oz/Per Ton $2, $677, Total Market Value Per Ton: $3,214, Values as of May 25, THE ASSUMPTIONS MENTIONED IN THIS DOCUMENTATION AND FINANCIAL PROJECTIONS FOR THE COMPANIES AND PROPERTIES OWNED BY ALEXSON ENTERPRISES, INC WERE PREPARED FOR USE BY THE COMPANY IN PLANNING FUTURE ACTIVITIES. FINANCIAL FORECASTS ARE INHEREANTLY INACCURATE BECAUSE THEY ARE BASED ON ASSUMPTIONS THAT MAY OR MAY NOT MATERIALIZE FOR A NUMBER OF REASONS; INCLUDING THE ABILITY TO RAISE SUFFICIENT CAPTIAL TO MEET PRODUCTION AND INCOME ESTIMATES, CHANGES IN BASE AND PRECIOUS METALS RESERVE ESTIMATES, CHANGES IN PRICES RECEIVED FOR THE COMPANY'S PRODUCTS, CHANGES IN PRICES PAID FOR GOODS AND SERVICES, GOVERNMENT REGULATIONS AND VARIOUS OTHER ECONOMIC AND SOCIAL FACTORS, BECAUSE OF THESE FACTORS ACTUAL RESULTS WILL DIFFER FROM OUR PROJECTIONS AND THE AMOUNT MAY BE MATERIAL. THESE PROJECTIONS ARE NOT INTENDED FOR READERS WHO ARE NOT WELL VERSED IN FINANCIAL MATTERS PARTICULARILY AS IT RELATES TO THE MINING INDUSTRY
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