Engineer/Gold Hill

During 2012 BCGold continued to make its incremental option payment to secure the Engineer/Gold Hill mineral claims.  While a consolidation 10-1 did take place in BCGold, postings of news releases by BCGold indicate that the claims transferred have had positive results from recent exploration conducted on them.  Company management views this positively in light of the 3% NSR on those claims in favour of Guardsmen.  Ongoing negotiations with BCGold have not resulted in any payments or other consideration of any value to the company to the date of writing October 2016. We anticipate BCGold will make every effort to keep the agreement in good standing.