$PNGM!!! Nevada Properties Summary Pengra

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[b]Nevada Properties Summary [/b]

Pengram currently controls 3 separate properties in Nevada, the CPG Project, the Fish Project and the Golden Snow Project. All properties are in close proximity to existing and completed mines. The CPG and Fish projects lie within The Walker Lane Mineral Belt of western Nevada. It is a highly mineralized area, containing several world-class epithermal precious metals deposits, such as the Comstock Lode (estimated production of 8.6 million ounces of gold and 192 million ounces of silver), and Round Mountain (over 10 million ounces of gold produced since 1906), as well as porphyry copper deposits, e.g. Yerington (1.75 billion pounds of copper produced from 1953-1978 by the Anaconda Copper Company).

On May 29, 2009, the Company entered into an agreement with Portal Resources Ltd. and Portal Resources US Inc. to acquire an option agreement to acquire the properties. Under the Option Agreement, Pengram can acquire a 100% undivided interest in certain mineral claims known as the Golden Snow Project in Eureka County, Nevada, the Fish Project in Esmeralda County, Nevada and the CPG Project in Mineral County, Nevada.