Kenrich-Eskay Mining Corp.

COMPANY DATA | INTRODUCTION |  PROJECT IN HAND |  MANAGEMENT
NEWS UPDATE | CHINESE

COMPANY DATA

INTRODUCTION

Kenrich-Eskay Mining Corp. is engaged in the exploration and development of strategic, mineral rich properties in British Columbia, Canada. The Company is focusing on the Corey Project and the Coastal Copper Project, both projects have world class potential. The Corey property has a high potential of hosting massive Eskay Creek types of transitional mineralization, e.g. gold, silver, copper, lead and zinc.

PROJECT IN HAND

(1) Corey Property, Eskay Creek Mining Camp, British Columbia

Kenrich-Eskay Mining Corp. holds a 100% interest in thirty-two contiguous mining claims in the Eskay Creek mining camp of northwestern British Columbia. The over 10,000 hectares Kenrich-Eskay Corey claims (The Corey property) are approximately 10 km south of the operating Eskay Creek mine owned by Barrick Gold Corp. and with very favorable geology. The Corey property contains the same strike extensions of stratigraphic units present at Eskay Creek.

Barrick Gold's Eskay Creek deposit is the most important mineral deposit in the entire region and the fifth largest silver producer in the world. By the end of 2002, the Eskay Creek mine had produced 2.25 million ounces gold, and 104.7 million ounces silver (grading 1.50 oz/t gold, and 68.3 oz/t silver). The Eskay Creek deposit also contains approximately 3.2% Pb, 5.2% Zn, and 0.7% Cu.

Kenrich-Eskay is focusing its efforts towards discovering an Eskay Creek type transitional-deposit where rock units equivalent to those at Eskay Creek are present. Exploration of the Corey property started in November of 2003.

At the Corey property a total of over 5,500 metres of drilling has been completed from 17 drill holes. Two drill holes (647 metres) were completed at the Battlement Area, 8 holes (1,575 metres) were drilled at the Cumberland Zone, 4 holes (1,847 metres) were drilled at the Smitty Showing and 2 holes (1,227 metres) were drilled in the South Unuk Area. Also, hole 64 from the 2006 program was extended an additional 250 metres to test the C10 zone. 

The first two batches of analytical results are currently being collated and interpreted by the Company's geologists.

Upcoming drilling will target the Red Lightning Showing that was discovered during prospecting in the late-2006 program. Assay results from selected surface grab samples are presented in the table below:

(2) Coastal Copper Property, Anyox Mining Camp, British Columbia

The Coastal Copper property is a very promising new mining exploration project in the historic Anyox mining camp of north coastal British Columbia. The land assembly is optioned 70% by Kenrich-Eskay with an agreement to earn up to 80%. The Coastal Copper project is an extensive land package that comprises more than 6,250 hectares of mining claims and completely encircles two of the region's former producing copper mines. The former producers are not included in this package; however, the prospective volcanic-sedimentary strata that host the massive sulphide geology are extensively exposed on the Coastal Copper land.

The 2007 diamond drilling program at the Coastal Copper project has been completed. The goal of this program was to further test the possible extensions of the Double Ed deposit to the north and south. The Company recently announced a mineral resource for the Double Ed deposit of 1.85 million tonnes grading 1.6% copper and 1.0% zinc (see news release of April 18).

To date in the Coastal Copper 2007 program, 6 new diamond drill holes have been completed (DE07-01 to -06) plus a re-entry and deepening of DE06-20 (from the 2006 drill program), for a total of 2,493 metres of diamond drilling.

Of the 6 new diamond drill holes completed in the 2007 program, three intersected significant mineralization.

Holes 1 and 2 intersected a wide zone of stringer to semi-massive sulphide mineralization. Holes 4 and 5 were designed to test an AeroTEM anomaly that was detected in the 2006 airborne survey. Hole DE06-20 from the 2006 program was re-entered and extended to a great depth and it intersected a downdip extension of the Double Ed mineralization. Hole 6 was designed to extend the Double Ed Zone further to the south and it intersected an additional 8.0 metres (true width) of massive sulphides grading 1.1% Cu. The Double Ed zone remains open to the north, south and downdip.

MANAGEMENT

Kenrich-Eskay Mining Corp. has a well management team with experience in different areas.

Wally E. Boguski, President, CEO & Director
Mr. Boguski has been a director of the Company since 1997 and President and CEO since 2002. He is a businessman and Corporate Consultant with a finance and mining background. He has been involved in the management of public companies for over 15 years. Mr. Boguski has directly participated in all phases of the mining sector, including prospecting, land acquisition, and mineral exploration. He has been involved in mining and resource projects in Canada, the USA and Latin America for over 25 years.

Robert A. Michor, Director
Mr. Michor has been a director of the Company since April 1991 and is a businessman and licensed real-estate broker. He is also a member of the Audit Committee and has being active in the management of public resource companies for many years.

Thal S. Poonian, Director
Mr. Poonian has been a director of the Company since October 2002. He is a businessman and Corporate Consultant. Currently he serves in senior management position and directorships of several other public companies.

Vern Porter, Secretary
Mr. Porter has been with the Company since 2003. He has been active as a businessman and teacher in Vancouver since 1975 and has served on the board of directors of several public companies.

Geological Team

Paul J. McGuigan, P.Geo., Qualified Person
Mr. McGuigan is a principal of Cambria Geosciences of Vancouver, B.C. He is a Professional Geoscientist registered with the Association of Engineers and Geoscientists of B.C. He has 30 years of international experience in management of mineral exploration and mining operations. His deposit expertise includes the exploration and/or discovery of significant volcanogenic massive sulphide, epithermal gold, IOCG and porphyry Cu-Au prospects and deposits. He has been active in exploration of the Eskay Creek region since 1979.

Sean D. McKinley, M.Sc., P.Geo., Qualified Person
Mr. McKinley is a Professional Geoscientist with 11 years experience in economic geology, mineral exploration and mine geology. He has a background in geological research and field-based geology with expertise in the areas of volcanogenic massive sulphide (VMS) deposits, volcanic stratigraphy and lithogeochemistry.

Chris B. Sebert, P.Eng., Qualified Person
Mr. Sebert is a Professional Geological Engineer with 15 years experience in the exploration of base and precious metal deposits in western Canada and the USA. He has worked on property-scale exploration projects for mesothermal and epithermal gold-silver veins, porphyry deposits, Kuroko and Besshi-type volcanogenic massive sulphide (VMS) deposits.

Management Advisory Team

Paul J. McGuigan, P.Geo.
Mr. McGuigan is a principal of Cambria Geosciences of Vancouver, B.C. He is a Professional Geoscientist registered with the Association of Engineers and Geoscientists of B.C. He has 30 years of international experience in management of mineral exploration and mining operations. His deposit expertise includes the exploration and/or discovery of significant volcanogenic massive sulphide, epithermal gold, IOCG and porphyry Cu-Au prospects and deposits. He has been active in exploration of the Eskay Creek region since 1979.

David Shaw, Ph.D.
Mr. Shaw has been a professional in the resources sector, practising and employed in the financial and technical areas for 32 years, since graduating from the University of Sheffield, England. His main area of expertise is the mineral exploration sector in the investigation of structural controls of mineralization. He has applied his expertise in North and South America, Africa and Asia.

Michael Hitch, P.Geo.
Mr. Hitch joins the Company's Advisory Board after a 20-year career in the mining industry including senior level positions with leading mining and development companies including, Teck Cominco, Echo Bay and AngloGold. Mr. Hitch also has extensive experience as a mining analyst and corporate finance professional with a number of investment dealers. He holds a Bachelor and Masters degree in Geology from Lake Superior State University and the University of Ottawa respectively, and is completing a Ph.D. in Environmental and Resource Studies from the University of Waterloo.

NEWS UPDATE

On June 16, 2008, Kenrich-Eskay Mining Corp. announced that it is commencing its 2008 field programs at its Corey and Eskay (SIB) projects in northwestern British Columbia. The Company's exploration crews are mobilizing to the field with drilling to commence shortly. The initial program between the Corey and Eskay projects will include about 4,200 metres of diamond drilling combined with geological mapping and geochemical sampling.

On May 27, 2008, Kenrich-Eskay Mining Corp. announced that it has begun its work program on its Babs property in Babine Lake, near Smithers, British Columbia. An exploration program of MMI soil geochemical surveys and up to a 2,500-metre diamond drill program will commence to target a Granisle/Bell-type copper-molybdenum porphyry deposit. This first stage program is estimated to cost $550,000.

On May 15, 2008, Kenrich-Eskay Mining Corp. announced that the TSX Venture Exchange has accepted for filing a property option agreement dated May 8, 2008, between Kenrich-Eskay Mining Corp. and St. Andrew Goldfields Ltd., whereby the Company has the option to earn up to an 80% interest in strategically located mineral tenures held by St. Andrew in the Eskay Creek area of British Columbia.

On May 8, 2008, Kenrich-Eskay Mining Corp. announced that it has entered into an option agreement with St. Andrew Goldfields Ltd. to acquire up to an 80% interest in strategically located mineral tenures held by St. Andrew in the Eskay Creek area of British Columbia. The additional mineral tenures increase the property position of Kenrich by about 33,000 hectares, increasing Kenrich's position from 13,400 hectares to a total of 46,400 hectares (now comprises 177 mineral tenures).

The agreement joins two very important properties in the Eskay Creek camp, into one contiguous block that surrounds and abuts the Eskay Creek mine property of Barrick Gold Corp.

On March 17, 2008, Kenrich-Eskay Mining Corp. announced that it has enlisted the services of San Diego Torrey Hills Capital Inc. to act as investor relations consultants on behalf of the Company.

Kenrich-Eskay has agreed to grant new stock incentive options to certain directors, executive officers and consultants of the Company under the Company's rolling stock option plan granting to such optionees the right to purchase up to a total of 925,967 common shares at a price of 30 cents per share for a two-year period until March 17, 2010.

On January 17, 2008, Kenrich-Eskay Mining Corp. announced that it has entered into an option agreement to acquire the Babino or Babs claim group. The property is located on the northeast side of Babine Lake, between Wilkinson and Wright Bays, about 76 km east of the community of Smithers, B.C. Four centrally located mineral tenures were acquired from a prospecting partnership. Under the terms of the agreement, the Company has added an additional 49 mineral tenures to the property, which now comprises a total of 53 contiguous mineral tenures and an approximate area of 22,827 hectares.

The Company's geologists are currently examining all historical exploration on this prospective belt and are designing a program of fieldwork, leading to drilling. Targets will include copper and copper-molybdenum porphyry deposits, with the possibility of significant precious metal contents.

The Company expects that the Babs property work will complement the work at Corey, allowing for a longer exploration season and more efficient use of the Company's established infrastructure in Northern British Columbia.

On December 5, 2007, Kenrich-Eskay Mining Corp. released the final results of the 2007 exploration program at its Corey project in British Columbia. A total of 5,754 metres of drilling was completed from 21 drill holes in 2007. Two drill holes (647 metres) were completed at the Battlement area, eight holes (1,675 metres) were drilled at the Cumberland zone, four holes (1,717 metres) were drilled at the Smitty showing, two holes (1,205 metres) were drilled in the South Unuk area and four holes (376 metres) were drilled at the Red Lightning zone. Also, hole 64 from the 2006 program was extended an additional 135 metres to test the C10 zone.

The majority of the 2007 analytical results have been received from the labs. The main finding of the 2007 exploration season is the C10, Red Lightning, HSOV and Spearhead zones.

On November 6, 2007, Kenrich-Eskay Mining Corp. reported that further to the Company's news dated August 28, 2007 and October 29, 2007, has closed its non-brokered private placement for gross proceeds of $5,008,918.

The private placement comprised units at a price of 60 cents per unit. Each unit consists of one flow-through common share and one warrant. The Company intends to use the gross proceeds from the flow-through portion of the Offering for the exploration and development on its British Columbia properties.

Wally Boguski, the Company's President and CEO, stated: "We are very pleased to have oversold this private placement to existing investors, including Mavrix Fund Management Inc., Stone Asset Management Ltd. and Middlefield Capital Corp., which continue to show their support, as well as to new investors, including Northern Precious Metals, NovaDX Ventures Corp. and the MineralFields Group, which themselves invested a total of $1.5 million. Our new relationship with the MineralFields Group is an important milestone in the growth of Kenrich-Eskay and we look forward to working with the MineralFields Group."

The Company's cash position is approximately $4.8 million and has sufficient funding to complete the current year work program as well as adequate funding to carry on corporate operating for the 2008 year.

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