INV Metals holds a 50% interest in the Rio Novo property in partnership with Teck Resources Limited. The four claim, ~29,000 hectare, Rio Novo property is strategically located within the Carajás district of Brazil, one of the world's most prolific mining camps. Carajás is one of the world's greatest iron ore mining districts and is host to five of the ten largest iron oxide copper gold ("IOCG") deposits in the world. IOCG deposits are similar to porphyry copper deposits, with resources that range up to hundreds of millions of tonnes grading ~1% copper, frequently associated with gold, rare earth, and uranium minerals. The property also hosts excellent exploration potential for precious metals and iron ore deposits.

Rio Novo North Target

The Rio Novo North property is contiguous to and located 2 km west of the historic Serra Pelada gold-platinum-palladium deposit which is currently being developed by Colossus Minerals Inc. Serra Pelada, discovered in 1979, hosted the largest ever gold rush in Latin America. During the 1980's, an estimated two million ounces of gold plus platinum and palladium were produced from the Serra Pelada mine. INV Metals' Rio Novo property hosts geology similar to that at the Serra Pelada deposit; Archean metasediments of the Rio Fresco Group, intruded by several ages of mafic-ultramafic and granitoid plutons. The encouraging results of the 2010 auger and diamond drill programs corroborate the potential for the Rio Novo North property to host the possible strike extension of the Serra Pelada high grade platinum-palladium-gold mineralization.