Tenajon Resources Corp. - Projects Overview

Projects Overview Ajax Moly Project Moly Brook Project

Tenajon Resources Corp. is a mineral exploration company actively engaged in the acquisition, exploration and development of molybdenum properties in North America. The Company is currently focused on advancing its Canadian molybdenum properties; the Moly Brook Project located on the southern coast of Newfoundland and the Ajax Project located near Alice Arm BC. Tenajon is listed on the TSX Venture ("TSXV") and trades under the symbol "TJS".

Ajax Molybdenum Property

The Ajax molybdenum deposit, located 14 km north of Alice Arm, BC, is one of North America's largest undeveloped molybdenum deposits occupying a surface area of approximately 600 by 650 metres. The Company began actively exploring Ajax in 2005, and has since delineated in significant molybdenum resource. In 2007, a 2,639 metre drill program was successful in defining near surface molybdenum mineralization that may be accessible from surface. Incorporating the results of the 2007 drill program resulted in significantly increased Mineral Resource Estimate including a 75% increase in indicated resources over the 2007 resources estimate. At a 0.040% Mo cut-off the deposit hosts a 43-101 compliant inferred resource of 483.1 million tonnes grading 0.061% Mo (649.8 million pounds) and an indicated mineral resource of 69.0 million tonnes averaging 0.065% Mo (98.9 million pounds).

Moly Brook Molybdenum Property

Tenajon has a 100% interest in the Moly Brook property which is located 2.5 km from the Hamlet of Grey River on the southern coast of Newfoundland, less than 4 kilometres from a deep water, ice free navigable fjord. Molybdenum was first discovered at Moly Brook in 1995 by the now defunct Royal Oak Mines Inc. while exploring for gold. In 2007, Tenajon completed a successful 12 hole drill program totaling 3,633 metres in length. Drilling encountered consistent, near surface, higher grade molybdenum intercepts over significant widths. Results show that the Moly Brook mineralized zone occurs over a minimum strike length of 750 metres with the zone being open along strike and dip. Significant historical drill results, on trend and approximately 2 km to the south of the Moly Brook zone, further highlight the size potential of this deposit. In 2008, to follow up on the successes of 2007, the Company completed a 11,640 metre multi-drill program which indicates that the Moly Brook Zone continues at depth, is open to the west of previous drilling, demonstrates excellent down dip continuity, and molybdenum mineralization extends to surface. In 2009 a Resource estimate (NI 43-101 compliant) completed by Kirkham Geosystems Ltd. determined that at a 0.04% cutoff grade, the Moly Brook deposit contains an Indicated Resource of 86,.8 million tonnes grading 0.065% molybdenum (124.6 million pounds) and an Inferred Resource of 31.2 million tonnes grading 0.056% molybdenum (38.6 million pounds).