CLARIFICATION – Copper North Mining Corp. Dec. 8 clarified a technical disclosure as a result of a review by the British Columbia Securities Commission. Copper North has made amendments to its website and corporate presentation to clarify that the preliminary economic assessment filed on SEDAR July 14, 2014 supersedes the November 2012 feasibility study prepared by M3 Engineering and Technology. The PEA is preliminary in nature and is based on measured, indicated and inferred mineral resources. There are no reserves at the Carmacks Project. Cautionary notes have been added to certain aspects of Copper North’s disclosure to inform investors of the uncertainty and associated risks. The changes have been made to ensure compliance with National Instrument 43-101. Inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Refer to the PEA, filed on SEDAR on July 14, 2014, for a discussion of the applicable qualifications and assumptions and the impact on the results of the previous studies on the Carmacks project.

PGM/NICKEL/COPPER – Duncastle Gold Corp. Dec. 4 reported results of its recent annual general meeting and provided a progress report on the acquisition of platinum group metals-nickel-copper assets in southwestern Yukon Territory. Duncastle is focused on exploration for platinum group metals, nickel, copper and gold in emerging districts in Canada. The company is in the process of acquiring more than 262 square kilometers (101 square miles) of highly prospective claims on the Kluane belt in Southwest Yukon Territory, including the flagship Catalyst Project which adjoins Wellgreen Platinum’s world-class Wellgreen deposit on three sides. Duncastle also holds the Black Lake-Drayton gold project in northwest Ontario, which features multiple high-grade gold showings in historic bulk samples over 79 square kilometers (30.5 square miles) of claims. All projects are road accessible and offer Duncastle potential to acquire a 100 percent interest in the claim groups. The company continues to close transactions referenced in a binding letter of intent with Ashburton Ventures Inc. and Denali Resources Ltd., announced on June 23, and subsequently amended, for the acquisition by Duncastle of a 100 percent interest in the Ultra, Catalyst-CKR and Spy PGM-nickel-copper mineral properties located in southwestern Yukon. Duncastle has completed board and management changes, acquired the CKR claims, and initiated an equity raise through private placement of units with an extended closing date. Duncastle announced further progress with the acquisition of an option to earn 100 percent of the Ultra property by assignment of an underlying option agreement between Ashburton and its underlying optionor. Consideration for the assignment of the option agreement is issuance of 100,000 Duncastle shares to Ashburton. Duncastle may earn a 100 percent interest in the Ultra property by completing the terms of the underlying option agreement, including cash payments totaling C$85,000 over five years, issuance of 450,000 common shares over two years, and completion of C$500,000 in exploration expenditures over four years. Concerning the remaining requirements of the LOI, the company advised that it is negotiating amendments with Ashburton and Denali, which will allow the parties to conclude the remainder of the overall transaction, subject to regulatory approval, to allow Duncastle to complete the transaction and proceed as a PGM- nickel-copper exploration venture. Duncastle President Michael Rowley said, “We are very pleased to be progressing with the acquisition of these excellent properties in an emerging district for platinum group elements plus nickel at a time when market forecasts for these metals are very positive. We have a strong team and plan to complete the transaction and re-brand the company around these assets in the coming weeks.” Duncastle also completed a brief exploration program on the Ultra Project that included prospecting, sampling and geological mapping. Numerous ultramafic occurrences identified elsewhere on the property are yet to be assessed for PGM- nickel-copper potential. A 2002 trenching program at Ultra on a portion of the Frohberg showing returned 5.54 grams-per-metric-ton platinum, 13.46 g/t palladium, 4.07 percent copper and 1.73 percent nickel over 0.5 meters.