Patriot Gold Corp.

Patriot Gold Corp. is engaged in natural resource exploration and the acquisition, exploration, and development of natural resource properties. The company is currently undertaking exploration and development programs in Nevada. Patriot Gold Corp. was incorporated in Nevada on November 30, 1998. In June 2003, the company changed its name to Patriot Gold Corp. and shifted its business focus to natural resource exploration and mining, adopting the trading symbol PGOL on June 17, 2003. On April 16, 2010, Patriot Gold Corp. incorporated Provex Resources Inc. ("Provex") as a wholly owned subsidiary in Nevada. On the same date, Patriot Gold Corp. assigned to Provex the exclusive option for an undivided right, title, and interest in the Bruner and Vernal properties and the Bruner Expansion property. Provex assumed all rights, duties, and obligations under the Bruner and Vernal Property Option Agreement and the Bruner Property Expansion Option Agreement. Provex's only assets are these agreements, and it has no liabilities. On May 28, 2010, Provex entered into an exclusive right and option agreement with Canamex Resources Corp. ("Canamex"), allowing Canamex to earn up to a 75% interest in the Bruner and Bruner Property Expansion. Canamex agreed to spend a total of US $6 million on exploration and related expenditures over seven years. Upon meeting these terms, Provex agreed to grant Canamex a 70% vested interest, with an additional 5% upon delivery of a bankable feasibility study.