White Gold Area

Sizzler Property

• Sizzler is located approximately 140 km south-southeast of Dawson City, Yukon and approximately 65 km southeast of Underworld's Golden Saddle discovery. The property is also located 30 km north-east of the Casino airstrip.

• The Sizzler property comprises 36 contiguous claims covering a total area of 750 hectares

• Silver Quest can earn a 100% interest in the Sizzer property by making cash payments totalling $60,000 ($15,000 initially) and issuing 800,000 shares (200,000 initially) over a three year period. The property will be subject to a 2% NSR, which the company has the option to purchase 0.5% of for $1,000,000 within three years of the exercise of the option. In addition, if Silver Quest completes a National Instrument 43-101 compliant resource estimate on the property with more than 100,000 ounces of gold in an indicated category, the Company will be required to make a one-time payment of $100,000 and issue 75,000 shares to the Vendors.

• The principal target on the property is a near surface, bulk tonnage gold deposit. The Sizzler property was previously explored by Kerr Addison Mines Ltd. from 1985-1986. Limited rock and soil sampling was completed with values in rock up to 1.05 grams per tonne gold (g/t), and up to 60 parts per billion (ppb) gold in soil samples. The indicated mineral showings have not been explored in detail.

• Mineralization occurs in and around a zone of quartz stringers, quartz stockworks and silicified breccias extending over a 1.7 square kilometre area, hosted in rhyolitic quartz-feldspar dykes.

TAK

• TAK is located approximately 125 km south of Dawson City, Yukon and approximately 40 km southeast of Underworld's Golden Saddle discovery, approximately 20 km southeast of our CC property.

• The TAK property comprises 82 contiguous claims covering a total area of 1,710 hectares

• Silver Quest can earn a 100% interest in the TAK property by making cash payments totalling $60,000 ($15,000 initially) and issuing 800,000 shares (200,000 initially) over a three year period. The property will be subject to a 2% NSR, which the company has the option to purchase 0.5% of for $1,000,000 within three years of the exercise of the option. In addition, if Silver Quest completes a National Instrument 43-101 compliant resource estimate on the property with more than 100,000 ounces of gold in an indicated category, the Company will be required to make a one-time payment of $100,000 and issue 75,000 shares to the Vendors.

• The principal target on the property is a near surface, bulk tonnage gold deposit. The property was acquired based on the knowledge and experience of one of the vendors, of both placer and hard rock gold mineralization in the district. Silver Quest staked additional claims to cover the drainage basin of a silt sample taken by the vendor, which returned 70 ppb (parts per billion) gold from a fine sieved fraction of the sample. This sample is interpreted to be strongly anomalous for gold.

• The property is interpreted to be underlain by a coarse-grained leucocratic quartz monzonite to syenite, within the regional gneiss units.

CC Property

• The CC property is located approximately 115 km south of Dawson City, Yukon and approximately 20 km southeast of Underworld's Golden Saddle discovery. CC is strategically located between Underworld's Thistle and Black Fox properties and contiguous to Kaminak Gold Corporation's Kirkman property.

• The CC property comprises 32 contiguous claims covering a total area of 665 hectares

• Silver Quest can earn a 100% interest in the CC property by making cash payments totalling $60,000 ($15,000 initially) and issuing 800,000 shares (200,000 initially) over a three year period. The property will be subject to a 2% NSR, which the company has the option to purchase 0.5% of for $1,000,000 within three years of the exercise of the option. In addition, if Silver Quest completes a National Instrument 43-101 compliant resource estimate on the property with more than 100,000 ounces of gold in an indicated category, the Company will be required to make a one-time payment of $100,000 and issue 75,000 shares to the Vendors.

• The principal target on the property is a near surface, bulk tonnage gold deposit. The property covers the ridge between Kirkman Creek to the south and Lulu Creek to the north. Lulu Creek drains into Thistle Creek, an area that has been active in placer gold production since 1978 and has produced in excess of 63,000 ounces of gold (Yukon Geological Survey Records, 2008).

• This property is interpreted to be underlain by Yukon-Tanana terrane consisting primarily of metamorphic schist and gneiss. Mineralization occurs around quartz stockworks and silicified areas.

VO Property

• The VO property is located approximately 90 km south of Dawson City, Yukon and approximately 15 kilometres northwest of the Golden Saddle discovery, on the north side of the Yukon River.

• The VO property comprises 36 contiguous claims covering a total area of 750 hectares

• Silver Quest can earn a 100% interest in the VO property by making cash payments totalling $60,000 ($15,000 initially) and issuing 800,000 shares (200,000 initially) over a three year period. The property will be subject to a 2% NSR, which the company has the option to purchase 0.5% of for $1,000,000 within three years of the exercise of the option. In addition, if Silver Quest completes a National Instrument 43-101 compliant resource estimate on the property with more than 100,000 ounces of gold in an indicated category, the Company will be required to make a one-time payment of $100,000 and issue 75,000 shares to the Vendors.

• The principal target on the property is a near surface, bulk tonnage gold deposit.

• The property is interpreted to be underlain by the same geological setting as the White Gold property. The basement geology at the White Gold property consists of stacked thrust sheets of Yukon-Tanana schist and gneiss. Metamorphic fabrics have overprinted the thrust sheets, with subsequent deformation associated with normal faulting. Mineralization occurred during periods of regional extension and may be related to post-metamorphic orogenseis, or plutonism.

Birdman

• Birdman covers 12 claims and was staked to cover the possible source region of delicate crystalline gold recovered on Scroggie Creek

CAD

• CAD covers 28 claims and was staked to cover the headwaters of two drainages with high mercury (Hg) values from regional geochemical surveys

Citlec

• Citlec covers 24 claims and was staked to cover arsenic (As) and antimony (Sb) anomalies. Area is notable for very high grade gold placers with visible

EMC

• EMC covers 32 claims and was staked to cover headwaters of a 41 parts per billion gold from Regonal Geochemical Sampling

Gemini

• Gemini covers 20 claims and was staked to cover the source of high grade placer gold (0.2 oz/cubic yard), it is also strongly anomalous for VMS pathfinder elements

Hanna

• Hanna covers 8 claims and was staked to cover a copper (Cu) soil anomaly (25 - 100 ppm Cu) outlined during Cu porphyry exploration in 1970. Samples were not analyzed for gold (Au), arsenic (As) or antimony (Sb)

Ladue

• Ladue covers 16 claims and was staked to cover a regional geochemical Sample with an anomalous antimony (Sb) value of 58 g/t

Matson

• Matson covers 26 claims and was staked to cover the probable source region of placer in Matson Creek. This property is road accessible.

Moose

• Moose covers 30 claims and was staked to cover arsenic (As) and antimony (Sb) anomalies. The area is notable for very high grade gold placers with visible gold.

Dozen

• Dozen covers 20 claims and was staked to cover the headwaters of creeks anomalous for arsenic (As) and gold (Au) in silts taken by Archer Cathro in 1972.

Wolf Creek

• Wolf Creek covers 18 claims and was staked to cover the best part of a large area strongly anomalous for arsenic (As), and moderately anomalous for gold (Au), lead (Pb), antimony (Sb), molybdenum (Mo), tungsten (W), bismuth (Bi).

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