ISS International Samuel Exploration Corp

In response to Mosquito's September 13, 2012 news release claiming an error in
the calculation of the CuMo Project's mineral resource estimate and attributing
the error to Shaun Dykes, the concerned shareholders (the "Concerned
Shareholders") of Mosquito Consolidated Gold Mines Limited ("Mosquito" or the
"Company") are pleased to advise today that they have received a memorandum from
John Starkey, BASc., P.Eng. and President of Starkey & Associates Inc., an SRK
associate metallurgist, confirming that the formulas used to calculate the
recovered molybdenum value ("RCV"), which is included in Snowden's CuMo Project
mineral resource estimate of June, 2011, were correct. Mr. Starkey concludes
"The intent of the Snowden document was to determine value by assessing the
amount of and price for MoO3 and this appears to have been done." As such,
molybdenum values in Snowden's RCV calculation were not "artificially inflated
by a factor of 1.5" as Mosquito management has incorrectly claimed in its
September 13, 2012 news release.


This advice confirms that Mosquito's management acted without basis when it
wrongly alleged that there was an error in the calculation of the mineral
resource estimate. This incorrect disclosure has caused significant damage to
both Mosquito's reputation and market capitalization. Management explicitly
linked this alleged "error" to Shaun Dykes and by so doing, were trying to
discredit Mr. Dykes and the Concerned Shareholders on the same day as Mosquito
published its information circular for the upcoming October 16, 2012 shareholder
meeting. It's another example of how Brian McClay and his management team place
their personal interests ahead of shareholders' interests and another important
reason why the McClay-led Board and management team must be replaced in the best
interests of the Company. 


The Concerned Shareholders are also puzzled in respect of the recommendations of
Institutional Shareholder Services ("ISS") after they note that "the CEO's
spending habits and historical business practices are not subject to good
governance practices" and in light of the resignations of independent directors
General Merrill McPeak, Paul Kessler and David Voyticky on July 24, 2012 due to
their serious concerns of, and loss of confidence in, the Brian McClay led
management team. The Concerned Shareholders question several aspects of ISS'
recommendations, including the comparison of the competing proposed boards of
directors. The Concerned Shareholders' nominees have extensive mining,
permitting, environmental, financing and top flight technical expertise that is
capable of bringing the CuMo project to the next stage and connections to
provide financing for large scale projects like the CuMo project. In addition,
two of the Concerned Shareholders' nominees, Shaun Dykes and Dr. John Moeller,
have years of experience working on the CuMo project. In contrast, none of
management's nominees have spent much time working on the CuMo project. The
Concerned Shareholders also note that Scott Broughton, one of the new board
nominees put forth by Mosquito management, is currently the President of Roca
Mines Inc. ("Roca"), which has been halted from trading on the TSX Venture
Exchange since September 7, 2012 as a result of recent Board resignations. Roca
is also in serious financial trouble: as of May 31, 2012, it had a working
capital deficiency of over $3 million. The Concerned Shareholders also note that
Brian McClay has also encountered serious financial trouble in the past: Mr.
McClay was found bankrupt in 1991, according to the records of the Office of the
Superintendent of Bankruptcy Canada. 


The Concerned Shareholders also discount the conclusions and recommendations set
out in the Glass Lewis & Co. report, as Glass Lewis appears to have ignored the
serious governance concerns raised by independent directors General McPeak, Paul
Kessler and David Voyticky which led to their resignations from the Mosquito
board. The excellent shareholder support that Concerned Shareholders have
received to date would indicate that Mosquito shareholders disagree with Glass
Lewis' and ISS' recommendations and strongly believe, as the Concerned
Shareholders do, that there are serious problems with Mosquito under current
management which need to be addressed. Please refer to the information circular
of the Concerned Shareholders dated September 19, 2012 which the Concerned
Shareholders have previously sent to shareholders, as well as to
www.msqconcern.com, for details of some of the significant corporate governance
and financial-related concerns that have caused them to try to effect change at
Mosquito.  


The Concerned Shareholders have a highly-qualified slate of board nominees, each
of whom are devoted to advancing the CuMo Project and to installing proper
corporate governance practices and oversight of management that are sorely
lacking now. It is the intention of the Concerned Shareholders to have the
Company run and managed by North Americans and to offer shareholders an optimum
plan to advance the CuMo project compared to management's inferior plan. The
comparisons of both plans is outlined in the letter to shareholders sent by the
Concerned Shareholders yesterday. Shareholders may obtain a copy of the letter
at www.msqconcern.com or on SEDAR at www.sedar.com.


It is absolutely unacceptable that management tried to discredit Shaun Dykes
with accusations that have been found to be entirely incorrect at the price of
causing serious harm to Mosquito and the interests of all shareholders. This is
another reason why it's time to replace Brian McClay and his team. VOTE THE BLUE
PROXY no later than October 11, 2012 at 2:00 pm (Pacific Time), in advance of
the proxy voting deadline. Your vote is very important to the future of your
investment in Mosquito no matter how many or how few shares you may own. 

The Concerned Shareholders sincerely thank shareholders for their tremendous
support in effecting needed change at Mosquito. 


IMPORTANT INFORMATION

In some cases the procedures for voting your shares can be complicated and time
consuming. In order to be deposited with Mosquito's registrar and transfer agent
in time to be used at the Meeting, your BLUE PROXY must be received by the
Concerned Shareholders' proxy solicitation agent, Laurel Hill Advisory Group,
prior to 2 p.m. (Pacific time) on October 11, 2012. 


If you require assistance with voting, please direct your questions to Laurel
Hill Advisory Group at toll free 1-877-452-7184 (1-416-304-0211 collect) or by
email at assistance@laurelhill.com. 


Visit www.msqconcern.com for reasons to vote for change.

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