AIM EXPLORATION

The company currently has two existing projects, a 40% interest in a Feldspar mine located in the Philippines and an Anthracite Coal project located in Peru. The Feldspar mine is currently producing and is undergoing upgrades for expanded production. The operation is controlled in a Joint Venture with Paladino Management & Development Corp. The Anthracite Coal project Aim owns and/or controls through its wholly owned subsidiary, Aim Exploration SA. Furthermore, Aim is close to acquiring the righ... ts to a Silica sand mine located in Kanab, UT. Anthracite is the highest-ranking coal because it is older, harder, contains more carbon, has lower moisture content, and produces more energy than all other types of coal (World Coal Association). It is used industrially for metallurgy, coal gasification and liquefaction, power generation, water purification and filtration, and also for manufacturing of carbon composite materials. Anthracite is highly desirable, yet comprises less than 1% of global coal reserves. Its high carbon content of 82% to 86% makes it more cost-efficient than gas, oil or wood. Its low sulphur and volatile content makes it the cleanest-burning solid fossil fuel (Resource-Net). Aim is currently working with a firm from India (Prina Energy) that has issued a Letter of Intent (LOI) to purchase 500,000 MT of our anthracite annually for a five-year period. Representatives from Prina Energy have viewed the mine site, and met with key players in our logistics program and officials at the Port of Salaverry. The agreement with Prina Energy is coming at a very advantageous time. The Indian government has ambitious plans to expand the manufacturing sector, where coal is the lowest-cost base load option. India will become the second-largest coal consumer in the world, bypassing the United States, and the largest import of thermal coal.