Location
The Paris Hills property is located in Bear Lake County, Idaho, about 2 miles west of the towns of Paris and Bloomington. The property is approximately 45 miles south of the active Soda Springs phosphate mining district and can be accessed by the county roads in the valleys of Paris and Bloomington Creek.

Exploration and Mining History
Mining activity on the property dates back to the 1910’s and 1920’s when phosphate was mined by underground methods from both Paris and Bloomington Canyon. Activity resumed during World War II when Wyodak Coal, working in conjunction with USGS, USBM, and Metal Reserve Company, focused work on the vanadium rich beds.

Techical Report
The company has prepared a NI 43-101 report regarding the Paris Hills Property and can be viewed here in PDF format.

Historic Resource (See Note 1 below)
In reports dated 1976 and 1977,

   194 million tons grading 25.2% P2O5 in an upper phosphate bed
+ 110 million tons grading 30.4% P2O5 in a lower phosphate bed
= 304 million tons of total resource phosphate projected by ESI

And 44 million tons of vanadium mineralization grading 0.88% V2O5 , including 6.7 million tons grading 0.88% V2O5

A qualified person has not done sufficient work to classify these historical resources as current mineral resources or mineral reserves under CIM best practices, Rocky Mountain is not treating these historical estimates as current mineral resources or mineral reserves, and the historical estimates should not be relied upon.

Note 1: ESI reported the following data in the reports of 1976 and 1977:

For phosphate, measured resources are within 1,320 feet of a drill hole, indicated resources are more than 1,320 feet but less than 2,640 feet from a drill hole, inferred is everywhere else on the property underlain by the Meade Peak member (3,300 acres of the 4,100 acre property). For vanadium, proven is that material occurring within 1,000 feet horizontally of a sample point, probable is contained in the vertical limb of the syncline more than 1,000 feet horizontally from a sample point, and possible is that occurring elsewhere within the property more than 1,000 feet from a sample point. No average grade was calculated for the possible vanadium material. Rocky Mountain believes that these historic resources are a conceptual indication of the overall exploration potential of the district, but is not treating these as current mineral resources or mineral reserves. More recently, in their 10-KSB filing for 2003, ESI reported 53 million tons of mineralized material with grade of the upper bed being 25% P2O5 over a thickness of 9 feet and the grade of the lower bed, 30% P2O5 over a thickness of 6 feet. Rocky Mountain does not consider these as current mineral resources or mineral reserves under CIM best practices.