8 Page 6 By Gregory Reynolds uses its stock initials SAS in releases has reported fourth quarter and annu al production for 2014 of 22643 and 90676 ounces of gold respectively achieving the midrange level of its 2014 production guidance W e are pleased to have achieved the midpoint of our 2014 production guidance of 85000 95000 ounces said Duncan Middlemiss president and CEO of SAS on Jan9 2014 throughput at the Holt Mine increased by 20 from 2013 and higher gold contribution than initially anticipated from the Holloway asset allowed us to increase our previous guidance W e look forward to achiev ing our guidance of 85000 90000 ounces of gold from Holt and Hollo way in 2015 site Bulk Sample is proceeding as planned and a production decision is based gold mining and exploration company with an extensive land pack age in the Kirkland Lake Mining Dis trict Northeastern Ontario Canada which lies within the world famous Abitibi Greenstone Belt SAS currently operates the Holt Hol loway and Hislop Mines and has its own mill all located near or at mid point between the community of Matheson and the Quebec border SAS controls 120 km long package which straddles the PorcupineDestor Fault Zone host to numerous gold de posits and mines in the region The company using its extensive geo logical database is tar geting explora tion at numerous sites and has focused the 2015 exploration program on ar eas that lie in close proximity to the existing mines and infrastructure The company is also conducting ad vanced exploration work at its T a ylor Project SAS goal is to continue to grow or ganically or by strategic acquisitions which will enhance the value of the company for its shareholders The company believes it can deliver on its promises to shareholders by committing to these goals in order to Simply Achieve Success Holt produced 14908 ounces of gold derived from Zone 4 on the 925m Level and 1075m Level mining areas approximately 16 from the previous sequencing However throughput was 19 higher from Q3 2014 as the operation has now established Zone 6 at the 775m Level Mill recoveries were at their expected level of approximately 95 Holloway Mine produced 7734 ounc es of gold entirely from the Smoke Deep Zone Production increased by approximately 30 compared to Q3 2014 as a result of higher tonnes high er head grades and stope sequencing The head grade during the quarter was 13 higher than Q3 2014 and the mill recovery rate of approximately 92 was in line with expectations Based on current information production at Holloway is expected to continue into Q4 of 2015 Holt Mill which does toll milling during Q4 2014 saw a total of 28179 tonnes of ore processed Revenue generated from toll milling operations is expected to have a positive impact on the overall processing costs for the quarter On Jan 14 the company provided a year end exploration update that includes assay results from both its deep surface drill and 1055m sublevel under ground programs SAS r e aches 90676 gold ounces pr oduction which tar geted Zone 4 and South 100 owned Holt Mine Highlights of Drilling Results WE 14002 509 gt Au over 180 metres including 825 gt Au over 78 metres ME 9805C402 gt Au over 373 metres including 764 gt 1552137 gt Au over 217 metres 10551592078 gt Au over 109 ground Notes T rue widths for the under ground holes are approximately 60 of core length Surface drillhole core intercepts are reported as core length as true widths are not known at this time Assays are cut to 2500 gt Au These recent drill results immedi ately to the west of the Holt Mine are Not only do they provide the po tential to increase the Holt Mine re sources but the proximity of these mineralized intercepts to the existing under ground infrastructure at Holt bodes very well for the longevity of the Holt asset W e are very excited about the poten tial of this new zone and look forward to providing further updates of the drilling program throughout 2015 he said