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Papa Bear

09/25/11 11:01 PM

#3 RE: Papa Bear #2

2010 GIL JOINT VENTURE USD$1.5 MILLION DRILL PROGRAM APPROVED BY J/V PARTNER KINROSS GOLD


Teryl owns 20% interest and Kinross Gold owns 80% interest in the Gil Claims
Adjacent to the Kinross Gold producing mine - ( Fort Knox, Alaska's largest open pit mine producing over 1,000 oz. of gold per day)
ADVANCED PROJECT - Previously drilled extensively with significant assay results (example: see News Release Jan 10, 2005) To date, a total of US$9,000,000 has been expended on the GIL Joint Venture (80% Kinross/20% Teryl)
Developed infrastructure already in place
US$1.6M 2009 drill program has been completed by our joint venture partner Fairbanks Gold Mining, Inc. (FGMI), a subsidiary of Kinross Gold Corporation, on the Gil joint venture claims. (see News Release Oct. 20, 2009 ) (see News Release Aug. 4, 2009 )