AUSTIN RESOURCES

Austin Resources is a mineral exploration company with the rights, through its wholly owned Chilean subsidiary (Minera Azul Ventures Limitada), to acquire a prospective copper-iron property in La Higuera, Chile (about 600 kilometres north of Santiago). The La Higuera Property was assembled as a result of the first-time consolidation of mining rights in a historical copper mining center and is located in a prolific I.O.C.G. belt surrounded by excellent infrastructure in a mining friendly jurisdiction. The La Higuera Property covers a historic copper mining district with mining activity dating back to at least the late 18th century; however, there has been no known modern exploration conducted on the property.