The Riikonkoski Project includes a single exploration permit application covering 117 hectares proximal to the historic Saattopora Mine, held by Outokumpu Oyi.

FireFox is earning a 100% interest in the Riikonkoski property from Magnus Minerals Ltd., (“Magnus”) as part of the agreement that includes properties in the Jeesiö and Ylöjӓrvi Projects.  The agreement requires a combination of common shares issuance (completed) plus $250,000 cash and $2.5M in exploration expenditures over a four year period.  Magnus Minerals retains a 1.5% NSR which may be reduced by 1% in return for the payment to Magnus of 1000 troy ounces of gold.  For the current status of payments and expenditures please refer to the latest Financial Statements.