All Grade Mining, Inc. (OTCPK:HYII) signed a letter of intent to acquire a second iron ore mining project located adjacent to Salitrosa Project in Chile on May 30, 2012. The transaction is subject to number of terms and conditions, including but not limited to, completion of satisfactory due diligence and the execution of a definitive agreement.

All Grade Mining, Inc. (OTCPK:HYII) cancelled the acquisition of second iron ore mining project located adjacent to Salitrosa Project in Chile on May 30, 2013.