The Libson Valley Project consists of two claim blocks, the LS and JB mining claims, totaling 107 claims covering approximately 2,211 acres (895 hectares). The project lies within the Lisbon Valley Uranium District of the Colorado Plateau, about 30 miles southeast of Moab, Utah.

The district was a historic uranium production center between 1948 and 1988, producing approximately 78 million pounds of U₃O₈. The LS claim group is located just southeast and adjacent to the Lisbon mine, on the downthrown side of the Lisbon Valley anticline. The Lisbon mine, operated by Rio Algom Mines Ltd. from 1972 to 1988, produced approximately 22 million pounds of U₃O₈ from Moss Back sandstone.

The LS and JB claims are subject to a 2% net smelter royalty.

In 2007, drilling conducted on the LS claims reported* uranium mineralization. Drill hole L-15, collared approximately 8,000 feet southeast of the Lisbon mine, intersected 17.5 feet grading 0.11% U₃O₈ including 3.5 feet grading 0.28% U₃O₈.

*Reported in a press release dated Sept. 10, 2007, Mesa Uranium Corp. this drilling is historical in nature and a qualified person has not done sufficient work to verify historic drilling. Additional work will be required to verify and update the historical work.

The technical content of this summary has been reviewed and approved by Mark Travis, CPG., a contractor to the Company, and a Qualified Person as defined in National Instrument 43-101.