Having the advantage of up to 1,000,000 tons of developed mineralization in the Cliff Creek mine as a foundation for revenue generation and investor security of return, PPM will conduct a QP supervised exploration program over the mineral claims comprising the balance of the Lawyers mineral claim group. Any development of Cliff Creek will remain a separately identifiable project within the mineral claims generally.

Widespread mineral claim exploration will focus on new and historical showings located at M Grid, Marmot Lake and several anomalous geophysical targets generated from previous programs (one such program being a significant contributor to the discovery and commercial exploitation of the Phoenix Zone in 1992 by Cheni).

PPM will employ Orion 3D Geophysics with targeted drilling following immediately as results of such geophysics are returned. The geophysical signatures identified will be correlated to known underground occurrences such as the comprehensive data set from Wright Engineering' 1985 feasibility studies and the digitization of the mineral occurrences at Cliff Creek being done by the PPM QP, Bob Lane, P.Geo., MSc.

Based on results of such exploration initiatives PPM may consider drifting into an anticipated parallel ore zone to Cliff Creek situated below M Grid.

Exploration for porphyry style copper deposits is also justified at locations on the Lawyers mineral claims in various locations including but not limited to Silver Pond North.

Mineral Deposit Prospects Map

Kemess Toodoggone Region Map
 

Risk Factors to keep in mind in exploration and development of mineral resource opportunities include:

RISK FACTORS
An investment in PPM is subject to a number of risks, including those described below, that could have a material adverse effect upon, among other things, the operating results, earnings, business prospects and condition (financial or otherwise) of the Company. While PPM is a private company the considerations that would affect any purchaser of securities on a exempt basis are also applicable to prospectus offerings and thus a purchaser of securities in PPM should carefully consider the information described in any documents referenced or obtained through due diligence as well as anecdotal information, including, without limitation, the risk factors set out below before making a decision to purchase securities of PPM.

The risks described herein are not the only risk factors facing the Company and should not be considered exhaustive. Additional risks and uncertainties not currently known to the Company, or that the Company currently considers immaterial, may also materially and adversely affect the business, operations and condition (financial or otherwise) of PPM.

Mineral Exploration and Development Activities Inherently Risky
The business of exploration for minerals and mining involves a high degree of risk. Few properties that are explored are ultimately developed into mineral deposits with significant value. Unusual or unexpected ground conditions, geological formation pressures, fires, power outages, labour disruptions, flooding, earthquakes, explorations, cave-ins, landslides and the inability to obtain suitable adequate machinery, equipment or labour are other risks involved in the operation of mines and the conduct of exploration programs. There are also physical risks to the exploration personnel working on the site of a mineral project. The Company’s exploration properties and any future mining operations will be subject to all the hazards and risks normally incidental to exploration, development and production of silver and other metals, any of which could result in damage to or destruction of exploration facilities or mines, damage to life and property, environmental damage and possible legal liability for any or all damage. Although PPM and its contractors maintain insurance in an amount which it considers adequate, the nature of these risks is such that liabilities could exceed policy limits, in which event the Company could incur significant costs that could have a materially adverse effect upon its financial condition.

Uncertainty of Mineral Resources
The figures for mineral resources for the Cliff Creek Project disclosed under the heading “Companies with Mineral Projects – Summary of the Technical Report” in the documents are only estimates. Mineral reserves at the Cliff Creek Project have not been reevaluated albeit they were defined in 1991; therefore the mineral resources currently cannot be considered ore. There is no certainty that expenditures made in the exploration of the PPM’s mineral properties will result in identification of commercially recoverable quantities of ore or that ore reserves will be mined or processed profitably. In addition, substantial expenditures will be required to develop the mining and processing facilities and infrastructure at any site chosen for mining and milling. In addition, if any source for milling is identified and utilized there are no guarantees of consistent of profitable production of metals from ore at such other facilities.

Insurance
The mining industry is subject to significant risks that could result in damage to or destruction of property and facilities, personal injury or death, environmental damage and pollution, delays in production, expropriation of assets and loss of title to mining claims. No assurance can be given that insurance to cover the risks to which PPM's activities are subject will be available at all or at commercially reasonable premiums. PPM currently maintains insurance within ranges of coverage that it believes to be consistent with industry practice for companies of a similar stage of development; however, the insurance PPM has may not be sufficient to cover the full extent of any liabilities that may arise.

Prices, Markets and Marketing of Silver and Metal Prices
World prices for commodities fluctuate and are affected by numerous factors including international economic and political trends, expectations of inflation, currency exchange fluctuations, interest rates, global or regional consumptive patterns, speculative activities and increased production due to new mine developments and improved mining and production methods. The effect of these factors on the price of commodities, and therefore the economic viability of any of PPM’s exploration projects, cannot accurately be predicted.

Liquidity and Capital Requirements
Management anticipates that, subject to financing, it will make substantial capital expenditures towards developing the Cliff Creek Property. However, there is no assurance that PPM will operate profitably or will generate positive cash flow in the future. PPM has no history of profitable operation and no assurance that additional funding will be available to it for further exploration and development of the Cliff Creek Project if required. The Company may also need further financing if it decides to obtain additional mineral exploration targets and properties. As such, PPM is subject to many risks common to exploration enterprises, including undercapitalization, cash shortages and limitations with respect to personnel, financial and other resources and lack of revenues. Although PPM has been successful in the past in obtaining financing through credit facilities or the sale of equity securities, there can be no assurance that PPM will be able to obtain adequate financing in the future or that the terms of such financing will be favorable. Such means of financing typically result in dilution of the positions of existing shareholders, either directly or indirectly. Failure to obtain additional financing could result in the delay or indefinite postponement of further exploration and development of the Cliff Creek Project and Lawyers exploration programs.

Dependence on Management
PPM is very dependent upon the personal efforts and commitment of its existing management. To the extent that management's services would be unavailable for any reason, a disruption to the operations of PPM could result, and other persons could be required to manage and operate PPM.

Environmental Risks
All phases of the mineral exploration and development business present environmental risks and hazards and are subject to environmental regulations. Compliance with such legislation and regulations can require significant expenditures and a breach could result in the imposition of fines and penalties, some of which may be material. Environmental legislation is evolving in a manner which may lead to stricter standards and enforcement, larger fines and liability and potentially increased capital expenditures and operating costs. No assurance can be given that the application of environmental laws to the business and operations of PPM will not result in a curtailment of exploration or production, a material increase in the costs of production, development or exploration activities, or otherwise adversely affect the Company’s financial condition, results of operations or prospects.

Government Regulation
The natural resource exploration industry is subject to controls and regulations imposed by various levels of government. It is not expected that any of these controls or regulations will affect the operations of PPM in a manner materially different than they would affect other natural resource exploration companies of similar size. The current legislation is a matter of public record and PPM is unable to predict what additional legislation or amendments may be enacted.

Competition
The mining industry is intensely competitive in all its phases, and PPM competes with other companies that have greater financial resources and technical capacity. Competition could adversely affect PPM’s ability to acquire suitable properties or prospects in the future. More importantly PPM also competes with other mining companies in the recruitment and retention of qualified employees.

Conflicts of Interest
PPM's directors and officers may serve as directors or officers, or may be associated with other reporting or private companies or have significant shareholdings in other private or public companies. To the extent that such other companies may participate in business or asset acquisitions, dispositions, or ventures in which the Company may participate, the directors and officers of the Company may have a conflict of interest in negotiating and concluding terms respecting the transaction. If a conflict of interest arises, the Company will follow the provisions of the Business Corporations Act (British Columbia) dealing with conflicts of interest. These provisions state that where a director has such a conflict, that director must, at a meeting of the Company's directors, disclose his interest and refrain from voting on the matter unless otherwise permitted by the Business Corporations Act (British Columbia). In accordance with the laws of the Province of British Columbia, the directors and officers of the Company are required to act honestly, in
good faith and in the best interests of the Company.

Forward-Looking Statements may Prove Inaccurate
Investors are cautioned not to place undue reliance on forward-looking statements. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, of both a general and specific nature, that could cause actual results to differ materially from those suggested by the forward-looking statements or contribute to the possibility that predictions, forecasts or projections will prove to be materially inaccurate.

No Current Plans to Pay Cash Dividends
PPM has no current plans to pay any cash dividends for the foreseeable future. Any decision to declare and pay dividends in the future will be made at the discretion of PPM’s Board of Directors and will depend on, among other things, the Company’s financial results, cash requirements, contractual restrictions and other factors that the Board of Directors may deem relevant. In addition, the Company’s ability to pay dividends may be limited by covenants of any existing and future outstanding indebtedness that the Company or its subsidiaries incur. As a result, investors may not receive any return on an investment in the Company’s securities unless they sell the securities for a price greater than that which they paid for them.

Economic Conditions
Unfavorable economic conditions may negatively impact PPM’s financial viability. Unfavorable economic conditions could also increase PPM’s financing costs, decrease estimated income from prospective mining operations, limit access to capital markets and negatively impact the availability of credit facilities to PPM.

Price Volatility of Public Stock
The market price of PPM’s securities given it is a private company are set on a market basis between willing buyers and sellers but affected by the fact that there is NO public market for such shares. If PPM should become public or arrangements occur which cause the conversion of stock in PPM to become public then the following considerations are important. Wide fluctuations which may not necessarily be related to the operating performance, underlying asset values or prospects of PPM may occur. It may be anticipated that any market for PPM’s securities will be subject to market trends generally and the value of PPM’s securities on a stock exchange may be affected by such volatility in response to numerous factors, many of which are beyond PPM’s control, including the following:
· actual or anticipated fluctuations in PPM’s quarterly results of operations;
· changes in the economic performance or market valuations of other companies that investors deem comparable to PPM;
· the addition or departure of PPM’s executive officers or other key personnel;
· release or other transfer restrictions on outstanding PPM securities;
· sales or perceived sales of additional PPM securities;
· significant acquisitions or business combinations, strategic partnerships, joint ventures or capital commitments by or involving PPM or its competitors;
· news reports relating to trends, concerns, competitive developments or regulatory changes; and
· other related issues in PPM’s industry or target markets.

Financial markets have recently experienced significant price and volume fluctuations that have particularly affected the market prices of equity securities of companies and that have, in many cases, been unrelated to the operating performance, underlying asset values or prospects of such companies. Accordingly, the market price of PPM’s securities may decline even if PPM’s operating results, underlying asset values or prospects have not changed.

Additionally, these factors, as well as other related factors, may cause decreases in asset values that are deemed to be other than temporary, which may result in impairment losses. As well, certain institutional investors may base their investment decisions on consideration of PPM’s environmental, governance and social practices and performance against such institutions’ respective investment guidelines and criteria, and failure to meet such criteria may result in a limited or no investment in PPM’s securities by those institutions, which could adversely affect the trading price of PPM’s securities. There can be no assurance that fluctuations in price and volume will not occur in the future. If increased levels of volatility and market turmoil occur, PPM’s operations may be adversely impacted and the trading price of PPM’s securities may be adversely affected.

Increased Costs and Compliance Risks as a Result of Being a Public Company
While PPM's status as a private company has afforded it significant savings in administrative expense as it expands its business and shareholder base costs akin to those incurred by public companies will result, accordingly legal, accounting and other expenses associated with public company reporting requirements have increased significantly in the past few years. PPM anticipates that costs may continue to increase with corporate governance related requirements, including, without limitation, requirements under National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings, National Instrument 52-110 – Audit Committees and National Instrument 58-101 – Disclosure of Corporate Governance Practices, and the conversion to International Financial Reporting Standards. Management will make decisions with respect to the ongoing development of PPM with these matters in mind.