Ditem may earn an initial 50% interest by incurring aggregate exploration expenditures of $1,000,000 over three years. In the fourth year of the agreement or before, Ditem may then elect to increase its interest by 10% (to an aggregate 60% interest) by incurring an additional $2,000,000 in exploration expenditures. Finally, Ditem may then enhance its position by acquiring an additional 6% interest (aggregate 66%) in the property provided that it deliver a bankable feasibility study within 10 years from the signing of the final agreement. Golden Valley will be operator during the initial option period.

In Q1 of 2008, Ditem has completed the first year obligations and part of the second and third year obligations. As a result of the exploration and drill program, it is estimated that Ditem will have earned an interest equal to a 50% interest in the property, a full year in advance and is now working to obtain the 60% interest.

The drilling program in 2008 totaled 2511.55 meters, testing three separate conductors as defined by the winter 2007 Spartan MT survey. Variable hydrothermal alteration (hematite, chlorite, limonite and clay) normally associated with uranium deposits in the area were intersected to the unconformity and into the basement rocks. Both of these holes also showed an increase in radioactivity above background and elevated boron values. A follow-up down-hole time domain electromagnetic survey (BHTEM) identified two off-hole conductors in two of the three holes completed. These first drill intersections on the Beartooth Island Prospect are highly encouraging in light of the evidence of hydrothermal alteration, elevated boron values and off-hole electromagnetic conductors. This may indicate a neighbouring mineralized structure. Both targets coincide with the ground magnetotelluric geophysical anomalies. Ditem's geologist Alan Davies was present on the Beartooth Island Property for the drilling and MT program.

Final assay results from the diamond drill program included: 1) anomalous uranium values above background levels; 2) evidence of hydrothermal alteration; 3) elevated boron values and 4) off-hole electromagnetic (BHTEM) conductors. The off-hole BHTEM conductors proximate to the unconformity contact represent high priority drill targets, along with remaining untested geophysical features within the property. The operator of the drill program, Golden Valley Mines, is to make the results known on completion of a review program. .

Effective September 2008, Ditem became operator with a 60% interest on the completion of a $3.5M exploration program on the property. .

A Phase III work program of follow-up drilling is recommended for the 2009-10 winter exploration season.