The Telegraph Mine is a fully permitted high-grade gold property located in Downieville, California in one of the richest districts of the California Mother Load. See attached reports. These results indicate over 465,000 ounces (worth $650M) in a very small section of the ore body. One of the primary goals of the development plan is to complete a drill program to twin the existing holes to substantiate the old data to CA NI 43-101 standards. If this data can be proven, and additional exploratory holes drilled with similar results, the mine would be one of the richest in the world. There are at least seven known high-grade veins on the claim block which is located directly on the prolific Melones Fault (see map) and on trend with some of the richest mines in California. Vein widths are up to 35’. These veins were identified by the early placer miners but they were never mined to any extent. Near-term production potential exists for 150,000+ ozs of high-grade gold in quartz veins within 100 vertical feet below the main Telegraph haulage tunnel level. According to several historical reports the ore grades typically average greater than 1 opt Au with bonanza zones of 50-100+ opt Au. One known ore shoot produced 50 tons of ore that averaged over 70 opt. The remaining unmined portion of this ore shoot has immediate potential for at least 69,000 ozs gold. SELLER IS OFFERING 20% EQUITY FOR $2M OR AN OUTRIGHT PURCHASE PRICE OF $30M