Yellowhead Mining is a private Canadian company with a 100% interest (*) in the Harper Creek copper-gold-silver advanced exploration project in south-central British Columbia, approximately 90 kilometres from Kamloops. Harper Creek offers exceptional potential as the largest, most advanced green-field volcanogenic sulphide project in British Columbia and one of the largest copper pre-development projects in Canada.

HARPER CREEK PROJECT HIGHLIGHTS

• NI 43-101 Indicated resource of 538.4 million tonnes grading 0.32% copper and Inferred resource of 64.7 million tonnes grading 0.34% copper, containing 3.8 billion pounds and 0.5 billion pounds of copper respectively, at a 0.2% copper cut-off.
• Pit-optimized resource of 454 million tonnes with 2.9 billion pounds contained copper (**) plus unquantified gold and silver, based on a 0.2% copper cut-off.
• Based on 70,000 tonnes/day milling, this represents an 18-year mine life (**).
• Stripping ratio of 0.83:1 life of mine and 0.65:1 for the first 3 years (**) (peer group range 0.8 to 2.0:1).
• Projected total Life-of-Mine (LOM) cash costs of C$1.47/lb(**) (C$1.28/lb (**) over first 3 years), comprised of: On-site costs of C$1.04/lb (**) LOM (C$0.86/lb (**) over first 3 years) and C$0.42/lb (**) freight & TC/RC's.
• Operating costs are enhanced by a low ball mill work index of 11 kWh/tonne (peer group range 10.3 -- 25 kWh/tonne)
• Capital costs estimated at CDN$750 million (**)
• Higher grade and lower stripping ratio upfront accelerate payback to 3.1 years, based upon US$3.00/lb copper price and CDN/US exchange rate of 0.95
• Harper Creek is located adjacent to rail, highway, power, water and town-sites, resulting in capital and operating cost advantages.
• Ongoing metallurgical testing of samples resulted in a cleaner-stage concentrates grading 28.8% - 30.9% copper with recoveries ranging from 86.6% to 88%, plus gold and silver in concentrate ranging from 1.6 -- 4.8 g/t gold and 91.5 -- 106.9 g/t silver. The tests were run on material with head grades of 0.35% copper, 0.05 g/t gold and 1.0 g/t silver and 0.75% copper, 0.17 g/t gold and 4.0 g/t silver. Deleterious elements in ore and concentrates are well below levels that would attract penalties.
• Drilling data over 57,313 metres, including 29,701 metres on the deposit by Noranda and US Steel in the 1960's and 1970's and a junior exploration company in 1996, and 27,612 metres by Yellowhead in 2006 - 2008.
• Mineralized envelope greater than 2.0 km along strike, over 2.0 km down dip, in a 1 kilometre thickness of volcano-sedimentary stratigraphy, and open in all dimensions
• The company plans to develop NI 43-101-compliant economics around its existing resource.
• Numerous exploration targets outside the known deposit envelope have been identified through airborne and ground geophysics and soil geochemistry.
• Yellowhead Mining owns or controls mineral tenures of 42,636 hectares.

(*) Subject to $500,000 payment to a US Steel subsidiary July 2010.

(**) Non - 43-101 compliant