The Star project is comprised of two contiguous Exploration Blocks (Adi Dairo & West Shire) and one individual Exploration Block (Terakimti) that cover an area of 399.73 km2 located in Tigray Region of the Federal Democratic Republic of Ethiopia. The property is approximately 600 km AD (Air Distance ) north-northeast of the capital city of Addis Ababa. The Federal Democratic Republic of Ethiopia comprises a total area of 1,104,300 km2 and is located between longitudes 33°E to 48°E and latitudes 3°N to 15°N. The country is bounded by Eritrea to the north, Djibouti and Somalia to the east, Somalia and Kenya to the south, with North Sudan and South Sudan to the west.

Project Location & Infrastructure

The Adi Dearo Property and Terakimti Property are located in the Tigray State of North Ethiopia, 1180 km north of the capital of Addis Ababa. It can be accessed directly by scheduled flights from Addis Ababa to Shire during the dry season or via Axum all year-round. If arriving from Axum an additional 70 km drive westward along a paved highway is necessary.

Nearby town's have modern amenities such as running water, sewerage, and a hospital. A subsistence lifestyle is obvious in the villages with livestock and agricultural practice in proximity to the Property's, and only limited power and water is available for the inhabitants. A variety of commercial premises are located in town including: hotel accommodations, shopping and banking. Shire and Axum is a university town, skilled laborers is obtainable in the Tigray Region for most aspects of any mining operation from the villages located at and on the vicinity of the Project area.

Furthermore, significant infrastructure in the area includes 230 kV high voltage power lines installed along the Shire to Adi Dairo and Adi Nebried to Shiraro roads, a large reservoir located 2 km northwest of Adi Dairo, a heliport 1 km south of Adi Dairo and an airport at Shire. The mobile network and internet are reliable over the majority of the Property area.

Previous Exploration Works

The Adi Dearo district Property was first identified in a regional scale geological mapping and mineral exploration performed by the Ethiopian Institute of Geological Surveys (EIGS) (now known as the Geological Survey of Ethiopia (GSE) and Ezana Mining Development PLC (EMD) during the 1960s and 1970s; EMD is a subsidiary of Endowment Fund for the Rehabilitation of Tigray (EFFORT) which is state-owned Ethiopian company. Hunting Geology and Geophysics Ltd. conducted a regional airborne geophysical survey in 1971 over a large portion of the Tigray Greenstone Belt. Encouraging results were noted; then, in 1985, a regional gravity survey, funded by the Sweden Agency for Research Cooperation with Developing Countries (SAREC), was conducted along drivable roads at 5 km stations. The results were indecisive as there were sparse data density caused by a limited regional infrastructure. Later EIGS and EMD completed the reconnaissance mapping and prospecting for precious and base metals from 1991 to 1993. The encouraging results from this survey led EMD to acquire the exploration licences in 1993. In 1996, EMD and Ashanti Gold Field (Ashanti) signed a joint-venture agreement for base and precious metals exploration in the Adyabo Project area.

In 2007, Aberdeen International (Aberdeen) acquired the West Shire Licence, and during the 2007-2010 period, they conducted Airborne an electromagnetic (EM) survey totalling 2200 line-km; 1707 line-km of airborne magnetics and radiometrics; 858 rock chip samples generally on a grid of 150 m line spacing with some targeted rock chip sampling over EM anomalies; 1,139 -80 mesh stream sediment samples; and reconnaissance mapping (Dudek 2008; Fox 2008).Between 2009 and 2010, Landsat imagery interpretation was performed over the Exclusive License to identify geological contacts, structures, and lineaments. Geological mapping was conducted at 1:50,000 scale over an area of 269 km2, and 11 rock chip samples were taken in areas of recorded sulphide mineralization.

Exploration in the Terakimti area and nearby during the 1970s was conducted by the Ministry of Mines (MoM), with work suspended due to civil war. Upon cessation of hostilities (1994 to 1995), MoM recommenced the fieldwork in the form of regional and follow-up geological and geochemical surveys, including additional fieldwork; mapping, trenching and IP in selected areas was undertaken by the then Ethiopian Geological Survey.

In 1996 Ezana acquire the concessions area and conducted additional stream sediment, soil and rock chip geochemical surveys. The surveys were successful in identifying targets prospective for base metals and gold. In 2004, Ezana contracted Fugro to carry out a 1:20,000 scale airborne electromagnetic survey covering the majority of the mapped surface sulphidic zones in the northern Shire area, outlining over 10 aerial electromagnetic anomalies with potential for volcanic-hosted massive sulphide (VHMS)-type copper-zinc-goldsilver- lead targets. These targets were then tested by drilling confirming the mineralization potential of the area. In 2007, Ezana completed a reverse circulation (RC) drill program at Medadib (located in the eastern part of the Nefasit concession), encountering 20 m of gold enriched gossan, with the top 10 m grading 4.6 g/t of gold. Given the positive results of regional exploration, and similarities in geology to VHMS mineral discoveries in Eritrea, the Adi Nebried, Hamlo, Igub, Nefasit and Terakimti concessions were licensed on 2007, to Harvest Mining and Ezana under a joint-venture agreement. Other licences owned by Ezana were joint ventured to Makeda Mining (including the Terer property), and Donia Mining.

In 2008 & 2009, 6,194 rock chip samples were collected over the concession areas 5,513 samples were a part of a regional program on 400 m spaced traverses and 681 trench samples were collected. All samples were analysed by handheld x-ray fluorescence (XRF) machine, with 4,057 selected for laboratory assay. Results indicated anomalous gold, copper, zinc and lead. A regional stream sampling program of 1,714 samples was conducted across the concessions. Besides the sampling Landsat and Quickbird image interpretation has been completed.

In 2010, Harvest Mining conducted a regional rock chip program of 1,845 were collected on 200 m spaced traverse lines over the east to northeast portion of the Terakimti concession, mapping, soil sampling and trenching. These rock chips were analysed by handheld XRF. 8,018 soil samples were collected over Terakimti and samples were analysed by handheld XRF. Trenching (287 m in 6 trenches) was conducted in the northeast of the Terakimti concession, with a total of 153 samples collected and sent for laboratory analysis. Results included defined copper anomalies. Diamond drilling on the Property included 1,814 m in 17 holes, including 1,372 m in 12 holes at the Terakimti VHMS prospect and 442 m in 5 holes at the Adi Angoda prospect on the Nefasit concession.

Through 2011 exploration year purchase and interpretation of Worldview colour satellite imagery, 50 km2 of 1 m topographic contour generation, 1:10,000 to 1:500 scale mapping totalling 15.68 km2, 3,017 sieved soil samples collected and analysed by laboratory, 15,996 soil samples collected and analysed by handheld XRF, 233 stream sediment samples collected and analysed by laboratory, ground time-domain electromagnetic (TDEM) and gravity surveys over targets in Terakimti, Nefasit and Hamlo concessions; 9,800 m of diamond drilling on the Terakimti concession and 480 m on the Hamlo concession. And on the upcoming year totaling 30 diamond drillholes of 7,199.95 m, 7 trenches of 434 m, 1,415 rock chip samples, 31,459 stream, soil and handheld XRF soil samples, 1,531 line-kilometres of airborne geophysics, and 101.38 km2 of fact mapping at regional, local and detailed scales. The Midre Felasi license was relinquished cause no further exploration targets identified to explore.

In 2013 a total of 427 m of diamond drilling at the Terakimti and VTEM09 VHMS targets, 1398.5 m of trenching and 768 channel samples, first pass metallurgy and resource work for the Terakimti deposit, 18,780 soil samples for laboratory assay and/or handheld XRF analysis, 1,296 rock chip samples for laboratory assay and/or handheld XRF analysis and 39.7 km2 of detailed mapping and 46.06 km2 of regional mapping. trenching to test the oxide resource and infill RC drilling to 20 m x 20 m spacings to define the near surface oxide gold resource.

Recent exploration efforts on the Property were focussed on advancing the Terakimti target to resource development stage through high-level studies on specific gravity, structure, metallurgy work, substantial trenching to test the oxide resource and infill RC drilling to 20 m x 20 m spacings to define the near surface oxide gold resource.

The entire aforementioned previous exploration programs, additional field data assessment of Gold-Rich VMS and Orogenic Gold Deposits of the Arabian-Nubian Shield and artisanal mining activities on the property area and its vicinity ignites Parallel Mining Corp. to capitalize on gold and base metals exploration program for potential deposit discovery in the proposed concession. Our primary goal is to develop the same scale of mining operation within the Project area.