Alta Zinc Limited has pursued an intensive exploration program in the Gorno Project Area ("GPA"). This work has resulted in the preparation of a comprehensive Exploration Study that was the culmination of: Continuing and searches of the archives for historical drive mapping and drillhole data; Recent Company mapping, sampling and a geophysical survey utilising the underground access; Re interpretation of all areas considered to have good exploration potential in the context of independent research mapping of the Alpine folding and faulting structures; Resetting of the Exploration Target for the GPA, which comprises five separate targets in three target groups as: Zorzone Extensions ­ North, South and East targets; Pian Bracca/Arera Thrust (PBAT) target; and Fontanone target. Phase 1 focused on exploiting Zorzone's accessible sulphide zones and hence was very restricted in scale. For Phase 2 ­ and the project development plan ­ the focus will be to add value through scale enhancements, primarily as a result of increasing the GPA's Mineral Resource. This development strategy involves resource definition drilling of the Zorzone Extensions, and in particular the known mineralised area of Pian Bracca which is 300m to the east of Zorzone and forms part of the PBAT target. Over and above this, further resources could potentially be defined by drilling the Arera Thrust part of the PBAT, and Fontanone. Drill testing of these areas is planned within the 5-Stage Exploration Plan, in which it is envisaged that exploration and development will follow the mineralization progressively eastward over time.