CJT News Release 052213

May 22, 2012

Press Release Regarding Geology and Mining Activities at

Asset #27(Mt. Boy) and Asset #26 (Reveille)

The company recently received a memo from our Geologist Brian R. Bond regarding our second property Asset #27 (Mt. Boy/Eureka) which has 58 claims covering 1,160 acres near Eureka, Nevada.  The memo is shown here. 

“GEOLOGICAL SUMMARY, Mountain Boy Mining Claims, Eureka Mining District; Eureka, Nevada, Re. CJT Mining, Inc. By  Brian R. Bond, Geologist March 30, 2013

Mountain Boy Mining Claims

The Mountain Boy property consists of 58 lode mining claims (1,160 acres) located in the Battle Mountain/Eureka gold belt. The contiguous claim block is adjacent to American Barrick’s Ruby Hill mine, which is to the northeast.  

Barrick’s East Archimedes open pit produced 125,000 oz. of gold in 2011 and 41,000 oz. in 2012 ; it has 326,000 ounces of gold reserves. The gold grade increases with depth.

Most of the historic production from the claim block came from the Mountain Boy and Kentucky mines. There are also prospect pits scattered throughout the property. Historic gold grades range from .01 ounces per ton (opt) Au to .527 opt Au; silver concentrations range from 1.25 opt Ag to 47.8 opt Ag. The ratio of silver to gold increases to the west and southwest.

Most of  the old workings are aligned along the mineralized northeast-southwest lineament which passes through the Archimedes pit and the east-west trend which was mined at Prospect mountain. These two trends intersect in the middle of the Mountain Boy claim block, along the northwest strike of the Battle Mountain/Eureka gold belt.

Existing mine workings on the property require geological mapping and sampling. The Battle Mountain/Eureka, Ruby Hill and Prospect Mountain trends merit detailed examination. Mine dumps should also be sampled. “

This memo confirms that our claims which are adjacent to Barrick Gold’s Ruby Hill/Eureka operations are in the cross hairs of major mineralization trends from the east and the north culminating at the locations of the Kentucky Mine, Mt. Boy and about 12 other previous prospecting/mining sites. 

Some of the historical information we have gathered from these previous activities have provided us with some very promising opportunities. 

Asset #27 (Mt. Boy Eureka)  – 58 claims 1,160 acres

Asset #27 is adjacent on two sides to some highly regarded precious metals properties:

1.  Approximately 75 claims and 1,500 acres, the Prospect Ridge immediately to the east is certified to contain over 10 million tons of minable ore containing a minimum of 10 million ounces of gold and 20 million ounces of silver.  This property has been actively mined by old timers from 1870 to 1930 with recent activity from 1995 to 2002 by the current owners but due to the age of the owners they do not appear ready to go into production at this time.

2.  Over 1,000 claims, 20,000 acres owned by Barrick Gold.  Claims are filed in the names of Barrick Gold, Ruby Hill Mine and Homestake Mining.  The Ruby Hill mine is located on the Battle Mountain/Eureka gold trend, less than one kilometer from the town of Eureka.  Barrick acquired the mine through a merger with Homestake.  Ruby Hill is an open-pit, heap leach operation. In 2011 after an extended redevelopment phase, Ruby Hill produced 127,000 ounces (approx. $200 M) of gold at total cash costs of $334 per ounce.  Proven and probable mineral reserves as of December 31, 2011 were 978,000 ounces of gold.

Asset #27 (Mt. Boy) located in the Mt. Boy Range just to the west of Prospect Ridge and South of Barrick Gold’s claims.  Mined intermittently from 1860 up to the 1930s, approximately 15 different independent mining operations were conducted with horses and mules as the primary means of access in and out of the steep terrain. 

Historical information from samples gathered from these various mining operations are shown in the chart below.  This chart estimates tonnage at 10% mineralization in only the top 100 feet in only 12 of the 58 claims.  Even though these numbers $5.626 B from 12 claims may seem high, there are more locations, additional claims, and additional depth to estimate tonnage from to fully evaluate the full potential of these claims.

 Potential In Ground Value 

2,078,100 oz. AU (Gold) x $1500/oz x 70% =                        $2,182,005,000                       

137,763,000 Ag (Silver) x $25/oz x 70% =                               3,444,075,000

                                                                                Total Est. Recoverable Value             $5,626,080,000

Asset #26 (Reveille) Trenching and Drilling

Asset #26 at Reveille is much further along than Asset #27 as far as preparation for drilling, mining and processing of ore.  Asset #26 also has a historical analysis that is very similar to that shown above for Asset #27.  The Asset #26 numbers as summarized are:

In-Ground Asset Value - This chart represents that each claim with rich samples may have a value of $195 million per claim times 12 claims, an in-ground value of over $2.35 billion.  Again this represents only 10% mineralization in the top 100 feet and we have confirmed mineralization to 600 feet in our first round of drilling.    

Above Ground Stockpiled Ore Value - In addition the stockpiled ore chart below derives it’s numbers from certifications in July 2009 by a qualified individual as to the tonnage and grade of the stockpiled ore and has been extended at today’s prices to show an above ground asset value of $39,178,000. 

Because Asset #26 has roads, stockpiled ore and a more developed infrastructure, the decision has been made to bring it into production before Asset #27. 

The next step in the pre-production activity is an expansion of drilling activities by proceeding to do additional sampling in 33 50 foot long trenches in 20 of the mining claims on the west side of our mining claim properties. 

The results of this trenching, ripping and sampling will establish a more thorough understanding of near surface mineralization where the initial mining is to start.  From the trenching analysis, another 25 drill hole locations will be identified.  These 25 drill holes will provide the data needed to block out and prove the ore reserves needed to commence mining, and construction of the gold silver processing facility.   

Posted by N. Fred Anderson, President

 Statements contained in this summary that are not statements of historical fact are "forward-looking statements" as that term is defined under federal securities laws, including, without limitation, all statements concerning expectations, beliefs, goals, intention or strategies for the future of CJT Financial, Inc. and/or CJT Mining,  Inc. Forward-looking statements may be identified by words such as "goals," "plans," "believes," "will," "expects" and other words of similar meaning used in conjunction with, among other things, discussions of future operations, financial performance, product development and new ventures. Many factors could cause actual events or results to differ materially from those expressed in any forward-looking statement. This document is not a solicitation to invest.  Investors are cautioned not to place any undue reliance on any forward-looking statements.