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National Gold has purchased the Homestake Mine in Idaho County, Idaho
In addition to the unmined ore reserves in the mine,
according to the Geology Report, there are three stockpiles that show the following:
| Pile No. | Tons of Ore in Pile |
Ounces of Gold Per Ton |
Spot Price of Gold May 31, 2011 |
Value of Stockpile |
| 1 | 100,000 | 6.02 | 1,535.00 | 924,070,000.00 |
| 2 | 100,000 | 5.48 | 1,535.00 | 841,180,000.00 |
| 3 | 50,000 | 2.48 | 1,535.00 | 190,340,000.00 |
| Total Value of Stockpiles | $ 1,955,590,000.00 |