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Title to the property is via unpatented U.S. mineral claims that are located in
T38S, R16E; T38S R17E; T37S R16E and T37S R17E. Two claim groups make up the property
holdings and consist of 67 mining claims that total 542 ha (1,340 acres). These claim
groups primarily cover the Crone Hill and Quartz Butte resource areas. The claims also
cover the Angel Camp target where limited drilling has identified a potential high-grade
vein system. These claims were purchased by Seabridge Gold Corporation, a Nevada-registered
wholly owned subsidiary of Seabridge and are kept valid annually by minimum work expenditures
or payment to the U. S. Bureau of Land Management for approximately US $6,700. Seabridge´s
ownership in the mining claims at Quartz Mountain is subject to a 1% NSR royalty to Quartz
Mountain Gold Corporation and a 0.5% NSR royalty to an unrelated third-party.
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