FOUR KILOMETERS OF 100% OWNED PROPERTY ON THE SLATE BAY TREND

• Historically, one of the first areas that gold was discovered in the Red Lake Gold camp.
• Prospective Ultramafic/Mafic rocks identified on the property
• Extensive gold-bearing highly prospective Balmer stratigraphy and Broad zones of intense alteration identified throughout the property
• Minimal historical drilling. New target areas defined for follow-up drilling
• Titan 24 deep penetration IP surveys completed over a portion of the property in Q1/2010 together with historical drilling and magnetic surveys will help refine future drill targets.

Due to the Company's focus on developing the Phoenix Gold Project, exploration on this property has been temporarily put on hold.  The Company considers this and other Red Lake projects to be of strategic importance for future exploration and plans to carry out compilation programs to identify targets for future exploration programs.

Date of Issue:  December, 2011