Intchains Group Ltd V.ICG

NO 5 PLUG

[GoldenValleyKid]

No. 5 Plug
Drilling will commence on the No. 5 Plug once drilling the #4 Plug has been completed, augmenting the limited Company's drilling that took place in early 2011. The Company reported hole P5-101-01 with intercepts grading up to 14.74 g/t Au over 3.47 m (See News Release of April 5, 2011).

The No. 5 Plug is located approximately 250 m northeast of the Parallel Vein System and consists of a diorite intrusion bordered to the south by an E-W shear zone. The surrounding geological units consist of intermediate to mafic volcanics; similar to the No. 4 Plug geological setting. Drill programs (prior to 1987) were conducted for a total of 9,262 m in 34 historical diamond drill holes completed.
Historical diamond drilling results on the No. 5 Plug include^†:

• 222.86 g/t Au over 2.13 m
• 80.54 g/t Au over 0.61 m
• 35.08 g/t Au over 3.20 m
• 36.21 g/t Au over 1.37 m

^†not necessarily NI 43-101 compliant

Teck, the previous owner of the Lamaque property, directed three drifts to the plug at different levels; from the #3 Mine Shaft (located on the Company's property), the Lamaque Mine and the Sigma Mine (outside the Company's property) inferring that this plug was significant enough to them with regard to mining.

Drilling Priorities
Drilling the No. 4 Plug, No.5 Plug and Sixteen Zone will take up the majority of the metrage remaining in the 2012 drill program. Drilling on the No. 6 Vein is expected to be completed shortly with no further work contemplated for this zone in the short term. The Company's focus remains on increasing resources, enhancing actual resource categories, and bringing the property forward to eventual production.

Property Acquisition
In January, 2012, the Company was successful in optioning the Donald Property, adjacent and contiguous to the east of the Lamaque Gold Project, located between the Lamaque and its MacGregor Property. It consists of seven (7) mining claims for a total of 112 hectares and was acquired by the Company in order to permit follow-up exploration work on the eastern lateral extension of the Triangle Zone and its host tonalite intrusive sill (See News Release of January 18, 2012). It is strategically located 200 m east of the Triangle Zone; approximately 400 m southeast of the No. 4 Plug and some 450 meters south of the old Aumaque Mine (also located east of the Lamaque property). The mineralization in the Aumaque Mine was found to be "consistent in style with that found in the Sigma-Lamaque Complex, a non-NI 43-101 compliant historical resource of 57,000 ounces (8.57 g/t Au) and 17,000 ounces (6.03 g/t Au)] estimated." (Refer to Century Mining Corp. website)