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While Grass Valley still represents an early stage grass roots exploration project, NGE is very encouraged by the results to date and the significant upside of this new Project.  The combination of: (i) the major NNE structures suggested by the geochemistry and confirmed by the gravity geophysics that project from the Grass Valley Project to the mineralized Cortez Hills Breccia Complex; (ii) the SSE trending fold structures associated with the mineralized lower plate bedrock at the Toiyabe Mine that project beneath the Project, cross cutting the major NNE structures; (iii) the shallow cover and large size of the target area suggested by the detailed gravity geophysics; and (iv) the presence of elevated concentrations of gold and other trace elements associated with Carlin style mineralization in the groundwater at the Project, together have provided further confirmation that the Grass Valley Project represents a compelling new exploration target in an area of Nevada known for large world class gold deposits.