Plumas Properties, California
Plumas Gold Mines Ltd. is the Canadian parent holding company of Plumas Gold Mines USA Inc. PGM USA Inc has a leasehold interest in 12 gold mining claims (the "Featherfork Mine") located in Plumas County, California, near the town of LaPorte, in the northern end of the Mother Lode country. The Featherfork Mine is an underground placer type of deposit that was profitably worked in the early 1900s.

The Plumas Gold Mine is a large-scale underground gold placer project. During the 1980s, extensive drilling and sampling was conducted on the property. The project has produced on a pilot plant basis from underground workings reaching a depth of 250 feet. 3 years of testing and development work yielded an average grade of 0.12oz gold per cubic yard in an alluvial pay channel extending across widths of up to 1,500 feet and a distance of 1.5 miles. The major gold-bearing channel occurs under a thick layer of overlying gravels and comprises the bottom 10 feet of this alluvial bed.

A number of mining technologies are being examined to extract the gold content profitably. Capital costs to bring the mine into production are estimated at US$1.5m. Few regulatory impediments are anticipated as Plumas county is an established mining community.

The lease agreement requires the payment of royalties against production. Minimum annual royalties are required. As no exploration work on the properties has been undertaken in recent years, Trinity has written the carrying value of the property down to a nominal value and is charging the annual royalty to operations.

Jasper Gold Prospect, Nevada
Nevada Mine Development Corp holds 15 unpatented gold mining claims located in White Pine County, Nevada. The claims are located adjacent to the formerly producing USMX Greensprings Mine.

A diamond drill program is required to test the mineralization on the property, and to determine its future viability as a development prospect. The exploration target on the Jasper claims is a bulk mineable gold resource of at least 1 million tons, with head grades ranging from 1.7 grams to 2.4 grams of gold per ton.

A management decision was made to write down the capitalized value of this project, effective December 31, 2000 to a nominal value.

Trinity Mine, California
The Company's 51% owned subsidiary, Canadian Reserve Inc, is the registered holder of 18 unpatented gold mining claims and 3 patented gold mining claims encompassing approximately 289 acres (the "Trinity Mine", formerly known as the "Bully Choop Mine"), located approximately 22 miles west of Redding, California.

The Trinity Mine is an underground hardrock vein type gold mine, open to depth and along strike. The Bully Choop mine was in continuous production from 1890 to 1930, over which time an estimated 40,000 tons of ore were produced at an average grade of 0.4oz gold per ton producing 16,000 ounces of gold.

The property presently has negligible proven reserves. The exploration target is for 500,000 ounces. During 2000, Trinity undertook a program to complete the installation of a milling facility on the property with the intention of commencing commercial production. Weak gold prices in the autumn of 2000 forced a decision to instead place the mill and property on "care and maintenance" status. Additional survey work and supplementary permitting work to enable production of 100 tons per day has been conducted on the project. The mine has a crew, all required equipment on site, and underground workings upgraded to current standards.