The Reilly Uranium Property is located in the Mining Division of Sault St Marie Ontario in the Reilly Mining District, consisting of 23 contiguous mining claims totaling 5,120 hectares total or just over 12,650 acres. The Sault District forms the western extension of the region that include the Elliot Lake mining camp which was once known as ``the uranium capital of the world'' and has produced more than 270 million pounds of U3O8 from strata-bound deposits that demonstrate remarkable consistency over extensive areas.

These Uranium claims were staked as a result of very favorable radiometric anomalies in conjunction with a series of anomalous lake sediment samples. The Lake Sediment Samples were collected as part of a National Geochemical Reconnaissance uranium program released in 1978. This data was released prior to establishment of current standards under National Instrument 43-101, and has not been substantiated by CanAm Uranium Corp, and therefore should not be relied upon.

Companies continue to return to the historic Elliot Lake Uranium district to take advantage of better market conditions. Pele Mountain Resources recently released a 43-101 compliant technical report confirming an inferred mineral resource of 30.05 million tonnes of U3O8 grading 0.05%, or 1.0 pound per short ton, for a total inferred resource of 33.05 million pounds of uranium.