Metals Creek Resources Corp.

Ogden TWP - ON

MEK has negotiated an option agreement with Goldcorp Gold Mines to earn a 50% interest in the Timmins West Property.  Presently, a non-binding Letter of Intent has been signed and is subject to completing a formal agreement.  The property in Ogden Township covers over 8 km of strike length on the Porcupine-Destor Break.  Gold production to the east of the MEK option has exceeded 22 million ounces from a number of mines including Goldcorp's Dome Mines, which has produced almost 17 million ounces.  Five additional past producers occur along the Porcupine-Destor Break, between the Done Mine and the Property that has seen past production ranging from 920,000 oz to 2,502,000 oz.  The Naybob Mine is located on the optioned property and has past Gold production of 50,731 oz of gold.  There has been no deeper drilling on the Naybob and a number of shallower intersections remain to be tested.

The Porcupine-Destor Break is represented by a Timiskiming conglomerate and a sheared/alteration zone with smaller felsic intrusive plugs and sills emplaced in the structure. Drilling on the 8 km of strike length of the Porcupine-Destor Break is limited and there are two zones of alteration/gold mineralization outlined. An initial 3000 meter drill program is planned for late summer or fall.

The recently signed Letter of Intent allows for MEK to earn 50% of Goldcorp’s interest for exploration expenditures of $3.1 million over 4 years with staged option and share payments. The property will be then operated as a joint venture at a 50/50 level or at a 70/30 level if Goldcorp exercises a back in right to earn back a 20% interest by completing expenditures of $4.1 million.  MEK is the operator during the earn-in stage and while it holds a 50% or greater interest.

Ogden Property