Cougar Metals NL is engaged in arbitration in order to resolve concerns in relation to the option agreement with Kenora Prospectors and Miners Limited in relation to the Shoal Lake East Gold project and also in provision of mineral drilling services to exploration and mining companies in Brazil, through its subsidiary, GeoLogica Sondagens Ltda. The Company operates through segments, including Australia Admin, Exploration & Evaluation; Canada Exploration & Evaluation; Brazil Drilling Operations, and Uruguay Drilling Operations. Its Shoal Lake East Gold project is situated on Shoal Lake, over 15 kilometers (km) south of the trans-Canada Highway between cities of Kenora and Winnipeg. The Company's Pyke Hill Nickel Project is situated on tenement M39/159 east of Leonora, Western Australia. Its Pyke Hill Project is located over 40 km southeast of Murrin Murrin Nickel Operation. Its subsidiaries include Cougae Brasilia Pyt Ltd, Tycoon Gold Resources Inc. and Duport Gold Company Inc.