South Rim Copper Project, BC

Ownership:

100% St. Elias Mines

Property Option Agreement:

Inform Exploration Corp.

Mineralization:

Epithermal vein hosted Au-Ag mineralization

• Cu-Mo porphyry mineralization
• 12 Mineralized zones

Technical Reports (43-101):

43-101 Technical Report dated May 03, 2011 file on “Sedar.com”  on Aug 12, 2011

The Property:

The South Rim Property is located in the Kitimat Ranges of west-central, British Columbia, Canada, approximately 148 kilometres south of Smithers, B.C. Access is gained by helicopter from the Huckleberry Staging area 30km north of the Property.

The Property covers 8,221.53 ha (82.21km²) and is located approximately 30 km south of Imperial Metals Huckleberry Copper-Molybdenum open pit mine. Reported production, from 1997 to December 31, 2010, of the Imperial Metals Huckleberry Copper-Molybdenum open pit mine is about 374,836 tonnes of copper and 3637 tonnes of molybdenum recovered from 82.8 million tonnes of milled ore.

Molybdenum mineralization was first discovered on ground now covered by the South Rim property in 1967 from by a prospector following a molybdenum float train. Between 1978 and 1988 a number of exploration companies conducted major programs in efforts to define the grade and size of the deposit. Among those companies were Silver Standard Mines Ltd, Nuspar Resources Ltd, QPX Minerals Inc. Work included geological mapping, prospecting, geochemical surveys and geophysical surveys.

This work resulted in the definition of twelve mineralized showings with the best Au assay of 24 ppm over a meter. Early work was targeting the anomalous precious metal values noted in the north trending structures. Epithermal quartz veins and silicified rocks are associated with shear zones and range from stringers to three metres in width.

In 2010 St. Elias optioned the property to Inform Exploration Corp. The 2010 exploration program carried out by Inform Exploration Corp. had a $120,000 budget resulted in a geological review of the Tahtsa Lake to White Sail Lake Exploration District, a GIS compilation of all historic technical data within and adjoining the South Rim Property, a lineament study from a 2007 orthophoto, a petrographic study, a verification rock geochemical sampling and infill soil sampling program designed to evaluate the on strike projections of known mineral showings. A total of 1,283 soil samples and 81 rock samples were collected during the 2010 exploration program. The results of the 2010 exploration program are being released in a forthcoming 43-101 technical report filed by Inform Exploration Corp.

Recommended Work:

It is recommended by the authors of the 43-101 technical report that the South Rim Project should be explored by a staggered series of work programs designed to achieve the following exploration objectives:  Airborne geophysical survey;  Re-establish Property geological control (outcrop mapping) by prospecting and GPS surveys;  Systematic sampling of all mineralized exposures;  Geochemical soil sampling concentrating on infill and extension of the historic work and in relation to anomalous areas defined from the airborne geophysics program; Ground based Geophysical assessment (I.P.) of the property following on high priority targets defined from the airborne geophysical survey; Trenching and open cut exploration and sampling (following up on defined Geochemical and Geophysical anomalies); Definition of drill targets and testing by Diamond drilling.

Terms of Property Option Agreement:

Inform Exploration Corp. (“Inform”) by Formal Property Option Agreement – Dated April 29, 2011 has the right to earn up to a 75% interest in the South Rim Project (the “Property”) from St. Elias in two phases by paying $335,000, issuing 435,000 common shares of Inform to St. Elias and incurring $2,100,000 in Property exploration expenditures.

Two Phase Option Breakdown:

Inform has the right to earn an initial 51% interest in the Property from St. Elias by paying $85,000, issuing 135,000 common shares of Inform to St. Elias and incurring $600,000 in Property exploration expenditures.

Inform can earn an additional 24% interest in the Property from St. Elias (for a total of a 75% interest) by paying an additional $250,000, issuing an additional 300,000 common shares of Inform to St. Elias and incurring an additional $1,500,000 in Property exploration expenditures.