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Haile Gold Mine

The Haile Mine is located within the Carolina Slate Belt of the Southeastern United States – a unique geologic feature that trends from Georgia to Virginia. The Slate Belt has been the host to many gold deposits covering five states. The Haile Mine is strategically located within the Slate Belt trend between two past gold mines – the Ridgeway Mine and the Brewer Mine. The Carolinas were the first gold rush before California dating back to the early 1800’s and was explored and produced by many of the senior gold companies throughout the 1980’s. Significant potential still exists in the region as evidenced by the exploration successes Romarco has achieved since acquiring the property in late 2007.

The Haile Gold Mine reserve and resource estimate currently stand at:

1. 3.1 million oz gold resource 1
- Measured 1.7 million oz
- Indicated 1.4 million oz
- Includes 1.3 million ounces 2P Reserves at 2.71 g/t 2

2. 1.1 million oz in Inferred

Romarco has increased its exploration drilling program each year and in 2010 plans to complete 130,000 meters of drilling. In July 2010 Romarco announced that it was adding three additional drill rigs to site which brings the total number of drill rigs operating at the mine to nine (five RC and four core rigs).

The Haile mineralized corridor remains open in all directions and at depth. The discovery of a new zone (Horseshoe)early in 2010 confirmed underground potential does exist at Haile. The Company is continuing to delineate and define the Horseshoe area as well as continue expanding the mineralized corridor. Also in 2010 the Company began conducting its regional assessment of the area recognizing that Haile is part of a much larger gold district.

(1) As announced November 2, 2010 – pending NI 43-101 report
(2) As per February, 2009 Feasibility Study

EMED Mining has now established a strong position in the following areas within its area of interest:

• Cyprus exploration areas are centred on the Troodos ophiolite complex. The targeted mineralisation style is volcanic-hosted massive sulphide copper deposits under shallow cover rocks, similar to the larger past Cyprus copper mines - three of which exceeded 10 million tonnes of ore running at grades between 1% and 4.5%.
• KEFI Minerals Plc was admitted to AIM in December 2006 and is 19%-owned by EMED Mining. KEFI Minerals owns carefully selected licence areas in Turkey and Saudi Arabia, as well as an extensive proprietary database of regional and specific exploration data providing a pipeline of further projects to evaluate. Visit www.kefi-minerals.com for further information.
• A positive Scoping Study has been completed for developing the Biely Vrch Prospect in Slovakia into a gold mine producing 60,000 ounces per annum, with permitting and further studies being systematically progressed. EMED Mining is also actively exploring other prospects within the Company's large 100%-owned licence areas in the Central Slovakian Volcanic Field.
• EMED Mining continues to progress towards becoming a significant copper producer at the historic Rio Tinto Copper Mine in Spain - an exceptional opportunity to produce copper at a relatively low acquisition and start-up cost.

Sangdong Tungsten - Molybdenum Project
A World-class Tungsten-Molybdenum Deposit

Located south east of Seoul, the Sangdong tungsten-molybdenum mine was one of the world's largest producing mines between 1947 and 1992. The mine closed prematurely in 1992 due to low metal prices. The Sangdong Mine had historical production rates of 600,000 tpa mainly from the six-metre thick Main Vein. Drilling by KORES during 1980-1987 discovered a deep molybdenum deposit below the remaining tungsten skarn resources.

The Korean Peninsula consists of three Archaean age blocks; the Nangrim-Pyeongnam Block, and the Gyeonggi and Yeongnam Massifs. These are separated by younger Phanerozoic age, north east trending mobile belts, the Imjingang and Okcheon belts.

The Sangdong Property is located within the Okcheon Belt which is a fold and thrust belt sandwiched between the Gyeonggi Massif to the north-west and the Yeongnam Massif to the south-east. (Figure 1) The belt is Cambrian to Ordovician in age and consists of sedimentary and volcanic rocks which have undergone weak to moderate metamorphism. Later during the Jurassic to Cretaceous periods, plutonic intrusions of predominantly biotite rich granites were emplaced throughout the Okcheon Belt.

Past Producing Tungsten Mine

The Chongyang Mine is a past producing tungsten mine and is 100% owned by Woulfe Mining. The mine which is located south of Seoul ceased production in 1977. Woulfe's three Mining Rights cover a 10 square kilometre area.

Chongyang Mine
Previous Work at Chongyang

Five individual north-north west trending quartz-wolframite veins were exploited over a 2km strike length down to 16 levels. The mine exploited a tungsten-molybdenum-silver-zinc mineralized and greisen altered granite porphyry that has intruded granite gneiss and metasediment basement rocks. The mine was previously evaluated for gold by Indochina Goldfields in 1995, when the bulk tonnage open pit potential for tungsten-molybdenum mineralization was recognized.

Work Program

Woulfe Mining intends evaluating the bulk tonnage open pit potential of this deposit by drill testing (1,500m diamond core drilling).

In late 2009, a preliminary 450m diamond core drilling programme commenced.

Muguk Mine - Formerly South Korea's Largest Gold Mine

The Muguk Mine was historically South Korea's largest gold producer, with recorded production of 8.15 tonnes of gold mined between 1934 and 1972. Muguk was reopened from 1987 to 1998 with production at a rate of 200 tonnes per day, all from the No. 2 Vein. The previous explorers identified more than 20 separate sub parallel vein systems, with at least 6 individual vein systems traceable over 1.3 - 2.2 km strike lengths. Individual veins are 0.1 to 3.0 m wide and are hosted in Cretaceous-age granite. Individual shoots within the No.2 Vein have been exploited down to 750 m depth, with mill recoveries historically averaging 95.7%.

Mineralization at Muguk is considered to be a deep level, multi-phase low sulphidation epithermal system, comprising grey chalcedonic banded veins and stockworks. Higher gold grades are associated with electrum-bearing sulphide bands on the margins of these veins. In 1998, Muguk was reported by KORES to contain a combined resource of 1,418,980 tonnes @ 13.5 g/t gold, 72.8 g/t silver (615,956 oz gold and 3,321,599 oz silver).

A qualified person has not done sufficient work to classify this historical resource as current mineral resources.

Work Program

Woulfe will evaluate the potential at Muguk to establish a high grade gold-silver mine or a bulk tonnage low grade gold-silver mine exploitable by open pit. If established, a central milling complex at Muguk could potentially exploit additional high grade gold-silver resources from satellite deposits identified in the surrounding region.

A NI-43-101 technical report on Muguk is being prepared by Watts, Griffis McOuat

Ogchon Uranium Project - Uranium Properties

Woulfe’s uranium tenements lie within the Okcheon Metamorphic Belt (OMB), a north east-trending fold-and-thrust belt extending some 150km through the middle of Korea in a belt about 30km wide. The regional city Daejeon lies within the OMB, situated some 150km south-south east of Seoul.

Yeonwha Mine

The Yeonwha 1 lead-zinc property lies approximately 20 kilometres to the south east of Sangdong within the historic Taebaeksan mining district of South Korea. At least 60 tungsten-molybdenum and lead-zinc bearing metallic deposits occur in this district, including numerous known lead-zinc deposits of 2 to 12 million tonnes size with combined lead-zinc grades of approximately 10% usual.

The Yeonwha 1 Complex consists of three past-producing mines, Taebaek, Bonsan and Dongjeom. These deposits were mined from the early 1960’s to the early 1990’s and were regarded as the most important mines in the Taebaeksan district.