AMARC Resources is engaged in the acquisition and exploration of mineral properties in British Columbia. Co.'s exploration activities are primarily focused in British Columbia, Canada, where it has assembled a portfolio of projects through ground staking and option agreements. Exploration on these properties is aimed at ascertaining whether the properties host commercially viable mineral deposits. All of Co.'s mineral properties are at the exploration stage.

Emerita Resources is a capital pool company engaged in identifying and evaluating of assets or a business.

VenCan Gold is engaged in the acquisition, exploration and development of properties for the purpose of producing precious metals, and has not yet determined whether the properties contain reserves that are economically recoverable. The recoverability of the amounts shown for mining properties and exploration expenditures deferred is dependent, among other things, upon: the existence of economically recoverable reserves; the ability of Co. to obtain the necessary financing to complete exploration and development and upon future profitable production or proceeds from disposition of such properties.

West Red Lake Gold Mines is engaged in acquiring, exploring and developing mineral properties. Co. has not earned significant revenue and is considered to be in the exploration stage. The ability of Co. to carry out its business plan rests with its ability to secure equity and other financing. Co. is in the exploration stage has no proven reserves or production relating to its operations. The application of the going concern assumption is dependent upon Co.'s ability to generate future profitable operations and obtain necessary financing to do so.