Brinkley Mining - Projects South Africa

Overview

Brinkley Mining’s subsidiary, Western Uranium (Pty) Ltd, has as its only asset, the Waterval prospect in the Karoo region of South Africa ("Waterval"). The Company completed a review of all available geological and sample data for Waterval, much of which was collected during the 2007 drilling program, which confirmed that the project contained a small Uranium resource but that the grade and limited tonnage were insufficient to support the establishment of a stand-alone operation to exploit it. The delineated resource is, however, large enough that it could make a meaningful contribution to other uranium exploration companies active in the Karoo region to enable them to achieve the critical mass in their resource inventory to justify establishing a uranium mining and processing operation. Accordingly, the Board has commenced a review of the other Karoo-based Uranium exploration companies who could be interested in acquiring Waterval.

The geological model prepared by the Company suggests there is a small, albeit limited, potential for the delineation of additional resources within Waterval. Accordingly, any further exploration effort will focus on extending the resource envelope by means of drilling and radiometrically probing selected percussion holes in an area located to the north east of the delineated resource.

The existing 3 year exploration licence expired on 8 February 2009 and an application for the licence to be renewed for a further period of two years was submitted to the Western Cape Regional office of the Department of Mineral and Energy Affairs (DME) on 11 November 2008. The DME Regional Office has completed processing the application and has forwarded it to the DME National Head office in Pretoria for final approval. There is no reason to believe that the application will not be granted.