471± ACRES MOJAVE, CA (COUNTY OF KERN)

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1 KOREK LAND COMPANY, INC. POTENTIAL ALTERNATIVE ENERGY / LARGE LOT SUBDIVISION / INVESTMENT 471± ACRES MOJAVE, CA (COUNTY OF KERN) LOCATION: APN/SIZE: TOPO: ZONE: UTILITIES: MISC: PRICE: North side of Backus Road on both sides of Mojave Tropico Road, west of Highway 14 in the Mojave area of Kern County 93501, north of the town of Rosamond. Both Backus and Mojave Tropico are paved roads = 470.8± acres. The westerly 320± acres are basically flat while the remaining acreage is hilly to steeply sloping. Kern County: E(2 1/2)RS (Estate (2.5 acre lots) Residential Suburban combining district) and A (Exclusive Agriculture 20 acres gross per lot). General Plan: 4.3 (Specific Plan Required), 8.5 (Resource Management (Min 20 or 80 acre parcel size)) and 2.4 (Steep Slope). BUYER TO VERIFY ZONING AND THAT IT WILL ALLOW BUYER S INTENDED USE. Buyer to determine. Potential large lot subdivision, alternative energy site, or investment opportunity. Scenic Soledad Mountain is to the east. Also available, 320± acres to the east at Maxwell Road between 20 th and 30 th Streets W call for details. Asking $2,355,000 ($5,000). ALL OFFERS WILL BE CONSIDERED! Terms may be available. CONTACT: Deanne Boublis CalBRE at deanne.boublis@korekland.com or (818) DISCLAIMER NOTICE TO BUYER: The information contained herein was obtained from third parties and it has not been independently verified by Korek Land Company, Inc. ( KLC ). Buyer should have the experts of their choice inspect the property and verify all information. KLC is not qualified to act as or to select experts with respect to legal, tax, environment, zoning, building construction, soilsdrainage or other such matters. Please see reverse for full disclaimer. California Office CA DRE Lic Licensed in California and Nevada Nevada Office NV RED Lic. B Corp Burbank Blvd. Suite mail@korekland.com 3455 Cliff Shadows Parkway, Suite 150 Sherman Oaks CA Las Vegas NV

2 DISCLAIMER NOTICE TO BUYER PLEASE READ CAREFULLY! Upon delivery of any information to any prospective buyer regarding any real property offered for sale ( Property ), by owner of such Property ( Seller ) and/or Korek Land Company, Inc. on behalf of Seller ( Korek Land ), buyer hereby acknowledges, consents and agrees, as follows: 1. A binding agreement to buy and sell any Property can only be made by Seller s execution of a formal Purchase and Sale Agreement ( Agreement ). Until such Agreement is executed by Seller, Seller reserves the right, without any prior notice, to change the asking price, any other proposed terms of sale, or to withdraw the Property from the market. Seller s listing with Korek Land is not an offer to sell the Property. Seller is not bound to accept any offer including a full price offer. 2. Any and all information obtained by Korek Land and provided to any prospective buyer was obtained from sources believed to be reliable; however, neither Seller nor Korek Land make any representations or warranties, express or implied, that any such information provided is complete or accurate. Korek Land and Seller have not independently verified the information provided and have not made and do not make any representations or warranties, either expressed or implied as to the validity, accuracy, usefulness, ownership or completeness of the provided materials. Prospective buyers are required, as a condition of purchasing the Property, to rely solely upon their own independent analysis, investigation and due diligence in making any decisions to purchase the Property. Prospective buyers shall not rely on any information provided by Seller or by Korek Land in making any such decision. 3. Any buyer shall pursue its own independent investigations and perform its own due diligence inquiries, investigations and studies regarding all aspects of the Property, including but not limited to suitability for such buyers purposes, underwriting criteria and values, zoning, entitlements, size, boundaries, encroachments, easements, condition of title, soils and geological conditions, toxic and hazardous materials conditions (see State of California GeoTracker web site), existing laws, ordinances, codes and other applicable governmental regulations that presently impacts and affects the Property, and any pending or possible future revisions thereto. Prospective buyers are advised to retain and consult with their own attorneys, accountants, experts and consultants for such purposes. 4. The Seller makes only those representations and warranties, expressed or implied, as expressly set forth in a fully executed Agreement for the Property. No salesperson, broker or other person has any authority whatsoever to make any representations, warranties or agreements, express or implied, for Seller or Korek Land. If any salesperson, broker or other person has made, or makes in the future, orally or in writing, any representation, warranty of agreement different from or in addition to those expressly set forth in such Agreement, each and all such representations, warranties or agreements are unauthorized and shall be void and of no force or effect. Possible Representation of More than One Buyer or Seller Disclosure and Consent (C.A.R. Form PRBS, 11/14) A real estate broker (Broker), whether a corporation, partnership or sole proprietorship, may represent more than one buyer or seller. This multiple representation can occur through an individual licensed as a broker or salesperson or through different individual brokers or salespersons (associate licensees) acting under the Broker s license. The associate licensees may be working out of the same or different office locations. Multiple Buyers: Broker (individually or through its associate licensees) may be working with many prospective buyers at the same time. These prospective buyers may have an interest in, and make offers on, the same properties. Some of these properties may be listed with Broker and some may not. Broker will not limit or restrict any particular buyer from making an offer on any particular property whether or not Broker represents other buyers interested in the same property. Multiple Sellers: Broker (individually or through its associate licensees) may have listings on many properties at the same time. As a result, Broker will attempt to find buyers for each of those listed properties. Some listed properties may appeal to the same prospective buyers. Some properties may attract more prospective buyers than others. Some of these prospective buyers may be represented by Broker and some may not. Broker will market all listed properties to all prospective buyers whether or not Broker has another or other listed properties that may appeal to the same prospective buyers. Dual Agency: If Seller is represented by Broker, Seller acknowledges that broker may represent prospective buyers of Seller s property and consent to Broker acting as a dual agent for both seller and buyer in that transaction. If Buyer is represented by Broker, buyer acknowledges that Broker may represent sellers of property that Buyer is interested in acquiring and consents to Broker acting as a dual agent for both buyer and seller with regard to that property. In the event of dual agency, seller and buyer agree that: (a) Broker, without the prior written consent of the Buyer, will not disclose to seller that the Buyer is willing to pay a price greater than the offered price; (b) Broker, without the prior written consent of the seller, will not disclose to the buyer that seller is willing to sell property at a price less than the listing price; and (c) other than as set forth in (a) and (b) above, a dual agent is obligated to disclose known facts materially affecting the value or desirability of the property to both parties. Offers not necessarily confidential: Buyer is advised that seller or listing agent may disclose the existence, terms, or conditions of buyer s offer unless all parties and their agent have signed a written confidentiality agreement. Whether any such information is actually disclosed depends on many factors, such as current market conditions, the prevailing practice in the real estate community, the listing agent s marketing strategy and the instructions of the seller. Buyer and seller understand that Broker may represent more than one buyer or more than one seller and even both buyer and seller on the same transaction and consents to such relationships. KOREK LAND COMPANY, INC.

3 PARCEL MAP KOREK LAND COMPANY, INC.

4 AERIAL MAP 471 ACRES KOREK LAND COMPANY, INC.

5 SOLEDAD MOUNTAIN 471 ACRES 320 ACRES KOREK LAND COMPANY, INC.

6 471 ACRES 320 ACRES KOREK LAND COMPANY, INC.

7 KOREK LAND COMPANY, INC.

8 BACKUS AND MOJAVE TROPICO ROADS KOREK LAND COMPANY, INC.

9 MOJAVE TROPICO ROAD AND MOUNTAIN VIEW KOREK LAND COMPANY, INC.

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16 Mojave-Rosamond, Gold Districts of California 1 of 2 12/10/2013 5:51 PM. MOJAVE-ROSAMOND Location. The Mojave-Rosamond district is in southeastern Kern County. The gold deposits are associated with the five prominent buttes south of the town of Mojave and west and north of the town of Rosamond. History. Gold was discovered in the Yellow Rover vein on Standard Hill by George Bowers in 1894, and soon afterward other discoveries were made. Activity continued until about 1910 but waned over the next 20 years. The Cactus Queen mine was discovered in 1934, and from 1931 until 1941 mining was done in the district on a major scale. The mines were shut down during World War II, but there has been some activity since. The Tropico mine is now an historical museum and a popular tourist attraction. The district is estimated to have had a total gold and silver output valued at $23 million. Geology and Ore Deposits. The principal rocks are Tertiary rhyolite, rhyolite porphyry and quartz latite, which are underlain by Mesozoic quartz monzonite. All the ore deposits are associated with the five prominence, the most important of which, both in productivity and in the number of deposits, is Soledad Mountain. The ore occurs in epithermal fissure veins that occupy brecciated and sheared zones in the rhyolitic rocks. The ore contains finely divided gold, with appreciable amounts of silver minerals, including cerargyrite, argentite, and smaller amounts of proustite, pyrargyrite, and electrum. Pyrite, arsenopyrite, galena, and chalcopyrite also are present. The ore shoots range from a few feet to 40 feet in thickness, and are up to 200 feet long. The veins have been developed to depths of 1000 feet. Milling ore usually averaged about V3 ounce of gold per ton, but some rich ore shoots were worked in the earlier mining operations. Mines. Burton-Brite-Blank, Cactus, Cactus Queen $5 million+, Double Eagle, Crescent, Elephant $200,000 to $400,000, Excelsior, Golden Queen (includes Echo and Gray Edge, Queen Ester and Silver Queen) $10 million+, Middle Butte $150,000+, Milwaukee, Pride of Mojave, Quien Sabe, Standard group (Desert Queen, Exposed Treasure and Yellow Rover) $3.5 million, Tropico 114,000 ounces, Wegman group (Eureka, Karma and Monarch) $100,000+, Western, Whitmore, Winkler,

17 Mojave-Rosamond, Gold Districts of California 2 of 2 12/10/2013 5:51 PM Yellow Dog ounces. Excerpt from: Gold Districts of California, by: W.B. Clark, California Department of Conservation, Division of Mines and Geology, Bulletin 193, Return to Principal Gold Districts 1998 Oakland Museum of California. All rights reserved.

18 Soledad Mountain 1 of 3 12/10/2013 5:50 PM == REAL DESERT == Desert Gazette Visit us on Facebook features - ecology: wildlife - plants - geography: places - MAPS - map/sat - roads & trails: route 66 - old west - communities - weather - misc. ghost towns - gold mines - parks & public lands: wilderness - native culture - history - geology: natural features photos - glossary - comments Mining History: Desert Fever Kern County: Mojave District Soledad Mountain Used by 8 of top 10 miners 3:1 ROI in < 12 months On Soledad Mountain, richest of the four mineral-bearing mountains, the Queen Esther and Echo mines were originally located during the excitement created by George Bowers in The Queen Esther ore was treated at a 75 ton cyanide plant built in The next year the plant was enlarged to twice its capacity. The mine closed in 1910 after having produced $1,000,000 worth of ore. In 1933 both the Queen Esther and Echo mines were idle. George Holmes, along with Bruce Minard, discovered the Silver Queen Mine in December of that year which revived mining activity throughout the district. In the first 11 months of 1934 Holmes shipped 300 carloads of ore to the American Smelting and Refining Company smelter at Selby. The carloads yielded $600,000. The Los Angles Times reported a huge gold strike in the Mojave and a rush was on. Holmes sold out on January 11, 1935, to the Consolidated Gold Fields of South Africa, for $3,170,000 plus royalties. The Golden Queen Mining Company was organized in 1935 to consolidate and mine the Queen Esther, Silver Queen, Echo and Golden Queen mines. Two years later the company was producing 300 tons of ore each day. The Golden Queen Mining Company produced over $6,000,000 in gold and silver from 1936 until it shut down in The mines from 1894 to 1942 produced more than $10,000,000, making the Golden Queen Mine Group second only to the Yellow Aster in Kern County gold production. This mine

19 Soledad Mountain 2 of 3 12/10/2013 5:50 PM more than any other brought the Mojave Mining District to new heights. For 10 solid years between , all 4 hills southwest of Mojave were humming with activity. The Golden Queen, and the entire district were dealt a fatal blow when Limitation Order L-208 shut down mining operations. High costs after the war prevented a renewal of activity. 57 The Wegman Mine, originally the Karma, is located just east of the Golden Queen Mine and was discovered in A twenty-stamp mill constructed in 1904 was shut down in 1909 along with the mine, due to poor recovery. Ore mined between 1896 and.1909 contained 50 ounces per ton of silver. In 1917, when reopened, the average ore value was from 5 to 9 ounces of silver per ton. By 1933, the Wegman Mine had 200 by 50 foot glory hole, an assay office, shops, dwellings, and a twenty-stamp mill. 58 The Bobtail Mine, west of the Golden Queen and between the Elephant and Excelsior mines, was discovered about About $80,000 worth of ore was produced during its most productive period, The Elephant Mine was discovered in 1896 by E. T. Baker. By 1916, he had driven a 100-foot shaft and a few hundred feet of horizontal workings. An exceptionally rich part of the mine averaged $2,000 in gold and silver per ton. In 1930, a twenty-five ton ball mill was installed on the site, and ore was no longer sent to the American Smelting and Refining Company at Selby. Ore was hauled to the mill by way of a 2,500-foot tramway. The mine produced 3,000 tons of ore worth $60,000 from 1931 through The total production is estimated at a quarter of a million dollars. 59 features - ecology: wildlife - plants - geography: places - MAPS - map/sat - roads & trails: route 66 - old west - communities - weather - misc. ghost towns - gold mines - parks & public lands: wilderness - native culture - history - geology: natural features photos - glossary - comments