CLAIMS

The NE Corner of WIN # 47 (altitude 6,000') staked under State of Alaska rules by Barry Murray, the 5th day of March 1980. The peak identified as 6380 is in the background.In March 1980, the Alaskamin Alpha claims were allowed to lapse through non-compliance of Bureau of Land Management regristration requirements. This same management had rejected any and all offers (example: $5 million with 80% in Seattle real estate, plus a continuing 5% royalty) as being an insult? The Alaskamin management had also diluted my position of 10%, down to .0035%, by issuing stock to themselves for the non-performance of assessment work.State of Alaska Mining Claims differ from U.S. Mining Claims is that they are 40-acres square (lode or placer), and they are not subject to patenting. The ascessment work requirement is $100 per claim per year, and there is rental payment to be paid to the state that esclates per year.These requirements have been met for this year. The next filing date is September 1, 2004.

EXPLORATION

There was a time when this property was the darling of everyone involved. So much so that the management of the Alaskamin Company did not wish to dilute their shares by raising the necessary funds needed to follow Wm, Sharp's drill program. Corporate infighting and paying for assessment work by paper filing lead to the company loosing title to the Alpha claims. The price of silver began to fall to disastrous lows (down from a high of $50 to $3.20) shortly after I acquired the property. In a holding situation with the Win claims, my program mainly has been the minimum required for assessment fulfillment. With the exception of some hand trenching on the New Finds, the majority of time and effort has been spent on airstrip and camp maintenance, and rebuilding the Caterpillar. The most conclusive evidence added to the report portfolio during this time was a geological map compiled by the State of Alaska.

HISTORY

During a heavy metals investigation of the southern Alaska Range in 1967 a U.S. Geological Survey Team discovered occurrences of lead, zinc and silver of potential economic significance. USGS Circular 559 described the find and reported assays of 52.2, 56.3 and 309.8 ounces of silver per ton. The reported cost of this government project was $7 million, and the Bowser Creek exposures were considered to be the find of the summer. Following the public release of Circular 559, I,Barry Murray, staked the ground for a small limited partnership that was to become The Alaskamin Company. At this time Alaskamin entered into a joint exploration venture with Homestake and Granby Mining Companies. For the right of first refusal, these major mining companies supplied geologists and operating expenses for a summers season of mapping and sampling.Len White and J. Buchholz of Homestake Mineral Development Company of Vancouver, B.C., Canada. in June 1968, verifying sampling of the Bowser Creek mineral exposures reported in the release of U.S. Geological Survey in Circular 559, and 569. The late, great, Alaskan Bush Pilot Don Sheldon (read the book of his life: Wager With The Wind)was part of my team the summer of 1968 that accomplished so much staking, trenching for the homestake geologists,while building a camp consisting of of a log cabin, and seven tent frames.The late, great, Alaskan Bush Pilot Don Sheldon (read the book of his life: Wager With The Wind)was part of my team the summer of 1968 that accomplished so much staking, trenching for the Homestake geologists,while building a camp consisting of of a log cabin, and seven tent frames.

LOCATION

The Win GroupThe Win Group of Claimslay 120 air miles north ofAnchorage. A road that would lead to Nome, and eventually on to Siberia, was surveyed by the State of Alaska in the 1960's, but has yet to be built. The state did build a 120 mile road for Camico's Red Dog zinc propertry, when needed, far to the north.

MINERALIZATION

The Win Group of Claims is unique in that unlike most mineral prospects, this project has documentable reserves. The experts who have made this determination are geologists from the U.S. Geological Survey, Homestake Mining Co, the State of Alaska, and a consultant employed by Homestake. Their reports of investigation on the area are accessable as Acrobat PDF format files listed at the end of this presentation. Up to date ore caculations may be viewed at:www.mininginvestment.com/ WinLeaseProposal/winclaimslease.html

STRUCTURE

As I am only a prospector, there is little point in my arm waving about structure already detailed in the very professional reports of Wm. Sharp and James Orr, included as printable PDF files with this presentation. What I would like to do instead is point to our most recent finds, upon a second intrusive that missed being evaluated in the 1960s, and a difficult to reach cliff in the headwaters area. Our assay returns for these zones show values in Au of .136 and .423 oz/ton (the first gold values reported for this property), and 16.28 oz/ton Ag across 14.6 feet and 7oz/ton Ag across 324 feet. The gold returns are not part of the reserve calculations, nor is the recent return of platinum values.Mineral Zone S-1a referred to by Sharp, and Orr, and part of the Measured Ore calculation can be located as a brown staining upon the cliff face just right of center. For scale the red dot at the base of the slide rock across Bower creek Valley, is a mountain tent. Notice that while glacier action was responsible for opening up this exposure, loose talus covers half of the elevation. Some of the better values/widths here were never recorded as trenches cut at the base of the staining could not be kept free of sliding talus rock long enough for representative sampling S1 / S1AN1 / N2NWHeadwatersWIN 64Second Intrusive

SUMMARY

For a number of years, this property has been presented by various experts in mineral financing this way: The questions to ask as to the value of any mining claim or mineral project are: 1. How many tons of ore are there? 2. What is its value per ton? 3. What is the cost of recovery?As of February 14, 2004 , the combined answer of questions 1 & 2 are: Measured Ore in place has a value of $14,685,647 Exciting as the surface values happen to be a $1.5 million drill program is needed to prove up the "Indicated Ore," to the estimated value of $222,096,970. Mount 6380 unofficially named for its elevation photographed in September from the headwaters of Bowser Creek. The minerals discovered by the U.S. Geological Survey (Zone S1) were exposed by the cutting action of the rock glacier, rounding the corner of the ridge shown center/left. The mountain is rugged, but the minerals is accessible by Caterpillar over the talus. For scale, the two yellow dots in the meadow are three-man mountain tents.Having been involved since 1968 with the development of the Bowser Creek mineral showing, as this scarn zone, and no longer directed by management that insisted in presenting a mining package, I am using this unusual media to present the property as it truly is a prospect that needs a drill program to prove/disprove the promise of locally rich surface esposures.My name is Barry Murray (wearing the buffalo plaid shirt) a professional prospector/landsman since joining the uranium rush to Moab, Utah, in 1955. The geologist with me is Bob Keisvieter whose interest in how everything worked led him to being blown off of Mt. St. Helens, May 18, 1980.Excuse the personal details, but this is the property of my life, and it is time to make it happen!