SARINC

This Project Summary was last updated 2010-02-09 08:00:45.

INTRODUCTION

Kingsrose Mining Ltd reached agreement in December 2009 with the semi-autonomous government of the island of Sardinia (a part of Italy) to conduct a pre-feasibility study on re-processing the massive tailings deposits located in the south-west of the Island, the result of many centuries of mining zinc, lead and silver in one of the largest historic mining districts in Europe. Sardinia is located in the middle of the Mediterranean Sea (approximately 350km south-west of Rome) and is around 24,000km2 in size.

The Project has been named SARINC, a name with a dual meaning. It represents SAR (Sardinia) and INC (Zinc) as well as standing for Sardegna-Ambiente-Recupero Inc. (Sardinia-Environment-Recovery Inc)

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December 15, 2009

Massive Zinc-Lead Tailings Project

The Company will begin pre-feasibility work on a potentially very large scale Tailings Retreatment Project in one of the largest historic mining districts in Europe after reaching an in principle agreement with the regional government of Sardinia, Italy.

The multiple Zinc-Lead tailings deposits contain a target of between 70-90 million tonnes of material accumulated from over 200+ years of mining.

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