Deer Horn Metals Inc. announced the positive results from a National Instrument 43-101 Preliminary Economic Assessment ("PEA") for the Deer Horn gold-silver-tellurium project. The Project is located in west-central British Columbia 36 kms (23 miles) south of the Huckleberry mine. The PEA describes a 74,000 tonnes per year seasonal open-pit mining operation and conventional flotation mill which would produce a combined gold/silver/tellurium concentrate. The Project may be permitted under the Mines Act of BC as a small mine, without the requirement for a provincial environmental assessment (EA) as the project mining tonnage does not exceed the legislated reviewable project threshold of 75,000 tonnes per year. Waste to ore cut-offs were determined using metal prices of $1,466 per ounce gold, $27.91 per ounce silver and $240 per kilogram tellurium for net smelter return calculations. Net smelter return cut-off for the PEA pit delineated resource was assumed to be $45/tonne. The initial capital cost of the Project is estimated to be $27.8 million. Average mine, process and G&A operating costs over the Project's life (including pre-stripping and waste handling) are estimated to be $61 per tonne.

Deer Horn Metals Inc., Annual General Meeting, Apr 16, 2013., at 09:00 Pacific Daylight. Location: Suite 202, 4840 Delta Street. Agenda: To receive the audited financial statements of the company for the fiscal year ended July 31, 2012, together with the auditors' report thereon; to fix the number of directors to be elected at the meeting at five (5) and to elect the directors of the company for the ensuing year; to re-appoint Davidson and Company LLP, chartered accountants, as the auditors for the company until the next annual meeting and to authorize the directors to fix their remuneration; to approve, adopt and ratify company's stock option plan, which shall be limited to 10% of the issued shares of the company at the time of any granting of options; to approve an ordinary resolution ratifying, confirming and approving the company's advance notice policy; and to transact such other business as may properly come before the meeting.

Deer Horn Metals announced that it has received results from a 10-day prospecting program completed on the Deer Horn property, located in West Central British Columbia approximately 36 kilometers south of the Huckleberry Mine. The helicopter-supported program took place from September 9 - 19, 2012. It evaluated several gossanous areas and ground-truthed a number of geophysical anomalies that were identified during a detailed assessment of 2011 airborne magnetic and radiometric survey data. Prospecting also evaluated the potential western extension of the Main Vein and Contact Zone gold-silver-tellurium vein system and areas in the vicinity of historic Harrison tungsten mineral occurrence. A total of 98 samples were collected and analyzed. Sampling of discrete veins in the Saddle, New Vein, Pry Bar and New West zones, returned numerous high-grade silver-tellurium values with lower grade gold values. Individual quartz- polymetallic sulphide veins locally exceed 1.4 m in thickness and are typically moderately south dipping. They primarily occur within foliated diorite or within a broad quartz-sericite alteration zone above a fault contact between the diorite and underlying clastic sedimentary rocks. Samples grade up to 633 g/t Ag, 0.92 g/t Au and 357 g/t the and are typically elevated in copper, lead and zinc. Several of the Saddle zone samples also returned high bismuth values (up to 1240 ppm Bi). The four zones cover a strike length of more than 900 metres. The westernmost veins at the Pry Bar and New West zones crop out on steep north-facing slopes and continue west beneath large patches of snow pack. These new vein exposures bring the overall strike length of the Deer Horn vein system to more than 2,400 m. Sampling of newly recognized tungsten mineralization from the historic Harrison Scheelite occurrence, centered approximately 680 m southwest of Lindquist Peak, produced encouraging results. Composite chip samples were collected from bedrock exposures that included bands of disseminated scheelite crystals within calc-silicate altered tuffaceous limy siltstones. Samples grade up to 4750 ppm W (0.60% WO3). The style of mineralization is similar to that observed in the footwall of the Contact Zone. Several 2011 drillholes, collared more than 650 m to the east of the 2012 surface showings, intersected scheelite-bearing, calc-silcate altered limy volcanic sediments, including DH11-119 that encountered 3.00 m averaging 0.23% WO3. The new showings also occur upslope and at least 170 m northwest of the areas trenched in 2011 where sample results included 6 m averaging 1.08% WO3. The H-Spot zone is a new 2012 discovery. It consists of potassic-altered granodiorite containing coarse aggregates of pyrite and, locally, bands and patches of intergrown magnetite-chalcopyrite. Samples collected from this zone produced results as high as 4240 ppm Cu and 6.6 g/t Ag. The nearby Pond zone and Pond North zone consist of bleached and pyrite-altered diorite and intermediate volcanics, respectively. These pyritic rocks were not elevated in base or precious metals, but may represent elements of an alteration system that flank a hidden porphyry copper system.