Ireland, Inc. has recently completed the installation of the gravity concentration circuit at its Columbus Project in Esmeralda County, Nevada. The pilot plant is now capable of both producing and leaching concentrates from the sand material that is located in the northwest section of the Columbus Project Property. Ireland also reports encouraging gold and silver metal extraction results from the first gravity concentrates produced by this new circuit. A gravity concentration test was completed on 10,821 pounds of sand material extracted from the North Sand Zone and processed through the new circuit. Concentrates produced by the extraction circuit resulted in precious metals recovery of 0.5467 ounces of gold (Au) and 0.8295 ounces of silver (Ag). This equates to a recovered head grade of 0.101 ounces per ton (opt) Au and 0.153 opt Ag. Precious Metals Extraction Process Optimization: Ireland completed a bulk test of 10,821 lbs (5.411 tons) of sand material taken from the same area in the Columbus Project's North Sand Zone as the concentration tests previously reported in January and February 2012. The extracted materials were processed through Ireland's onsite pilot plant, producing concentrates weighing 1,873.6 lbs, an approximately 5.8:1 concentration ratio. The concentrates were then sent to AuRIC Metallurgical Laboratories, LLC for leach testing, resin collection and precious metal recovery. The concentrates were leached using sodium thiosulphate and collected on resins for ashing. The net precious metals recovered from the ashed resins totaled 0.5467 oz (17.004 g) Au and 0.8295 oz (25.80g) Ag. This equates to a recovered head grade of 0.101 opt Au and 0.153 opt Ag based on precious metals recovered.