Case Study: Teels Marsh

• Groundwater geochemical database identifies cold spring with high geo-thermometer temperatures
• Separate GIS layer reveals Teels Marsh is site of old borax mine. Boron is associated with geothermal systems
• Remotely sensed imagery confirms borate minerals
• A temperature probe survey delineates two large thermal anomalies
• Property acquired by Caldera at low cost
• Independent geothermic report estimates P90 Megawatt value of 21mW and P50 Megawatt value of 47mW
• Geophysics and Drilling planned for Q4 2010 to Q1 2011