PROSPECTING REPORT. For the. LQ Property. Tenure Number David Manley Fredlund rd Ave S.E. Salmon Arm (250)

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1 PROSPECTING REPORT For the LQ Property Tenure Number Golden Mining Division, B.C. BCGS GRID 82K.078 ( N W) for David Manley Fredlund rd Ave S.E. Salmon Arm (250) by David Manley Fredlund rd Ave S.E. Salmon Arm (250) July

2 TABLE OF CONTENTS SUMMARY 6 Page INTRODUCTION...6. Location...6 Access.6 History and previous work 6 PROPERTY.8 GEOLOGY.8 Regional.7 Property..8 Mineralization... 8 CONCLUSIONS... 8 APPENDICES: A. Statement of Expenditures....9 B. Writer s Certificate.. 10 D. Assays..11, 12 E. Thin Slice Analysis Figures Figure: 1 Property Location Map Regional Location Map..4 3 Claim Map mineralized trend Regional Geological Setting..7 2

3 FIGURE 1 PROPERTY LOCATION L Q Claim 3

4 FIGURE 2 REGIONAL LOATION N LQ Claim 4

5 Figure 3 Claim Map Showing Mineralized Trends And Sample Points Mineralized trend Traverse v U 1 & Thin - A U 2 & Thin - B N U V 5

6 SUMMARY During the summer of 2007 (July 25), prospectors Dan Kobi and myself made a trip onto the LQ mineral property. A daylong prospecting grid and traverses by were undertaken on this occasion in order to determine the geology and mineral potential. Galena and sphalerite were found in a carbonate bed along a 15 to 20 meter wide horizon. The mineralized carbonate trend was followed and mapped along the length of the property. Due to the nature of the mapping and the mineral values of the galena in the carbonate horizon encountered on this property, further work is warranted as will be detailed in the body of this report. INTRODUCTION Location: The properties consisting of one tenure with a total of 6 cells, lies to the west of the Rocky Mountain Trench in the Purcell Mountain Range. The mineral tenure is located approximately 10 km east of Bugaboo Park. The geographical coordinates for the center of the tenure are N W. The terrain consists of a very steep west-facing slope at the top of a north trending valley. The elevation is has extreme ranges as the tenure parallels the lie of the valley at an altitude of approximately 2700 meters ASL. The main water source is the south flowing drainage running parallel to the property along the valley bottom as well as one small lake. The ground cover is sparse to none. Access: Access is by way of a series of good country gravel roads departing from the highway at Brisco. This route is somewhat circuitous in nature but gets within 5 kilometers of the claim. However the property is very steep (6000 ft to 9000 ft ASL) and very high so the only practical access is by helicopter from either Golden or Invermere. History and previous work: Original discovery work took place around 1901 with some trenching, tunneling and several shipments from adits scattered along the trend, taking place into the late 1920 s. However very little work has taken place since that time and all the old workings have collapsed. 6

7 GEOLOGY Regional: LQ Claim Regional Geological Setting Figure 4 7

8 GEOLOGY Property: On the LQ claim the predominant geology is the north, south trending limestone and carbonate bedding with several marble horizons scattered throughout. Mineralization: The mineralized carbonate bed varies from 30 to 60 meters at the surface and is traceable on the surface for over 15 hundred meters. It travels along the face of a cliff from the southern edge of the property toward the north trending slightly to the east as it moves north ( a strike of 330 and dip of 120 ). Several surface grab samples assayed from across (hanging wall- thin A & U 1, foot wall- thin B & U 2 ) and along the carbonate mineralized trend ( U V ) showed very high values of lead (56%) and silver (2190 gm/ton) in quartz carbonate (see enclosed assay and thin section reports). Conclusion There is a zone of carbonate containing potentially commercial galena that is possibly a Manto style deposit. This mineralized carbonate, flanked by dolomite on the west and argillite on the east runs through the property as an identifiable north south horizon. The mineralized trend is now exposed in several locations on the property. During our exploration activities, we found evidence of old workings but the nature of the workings and the old reports indicate that no one realized the likelihood that this was one large mineralized formation. As it moves toward the north, the formation starts to dip toward the west while the strike remains fairly constant. Because of the commercial potential, an extensive series of exploration channels should be excavated along the galena carbonate trend. This could be accomplished with an experienced team of mountaineer geologists. Once results are obtained, drill locations could be determined to further define the potential. 8

9 APPENDICES: A. Statement of Expenditures Field: one day of field work for two men. Foreman M Fredlund 12 hrs at $50.00 per hour = $ Prospector D Kobe 12 hrs at $30.00 per hour = $ Total $ Transportation: Access to the property was accomplished by helicopter from Revelstoke 2 $1, $2, Thin Section Report Vancouver Petrographics $ Total expenses $3, Total claimed for assessment work. $1,

10 APPENDICES: B. Statement of Writer s Qualifications I, David Manley Fredlund am holder of valid free miners license number which I have held since 1965 and hereby certify that: 1. I started my mining career at age four as the camp waterboy and cooks helper in a placer mining operation (my fathers). 2. I have been involved professionally in mineral exploration in different places for over forty two years including ; Kootenays gold, silver, lead, magnesite Cariboo gold Revelstoke areas silver, zinc, lead, dolomite, feldspar Baker Lake N.W.T. uranium, gold Ominica zinc Stikine gold, silver Turnagain gold, copper, jade James Bay diamonds Pickle Lake gold, platinum 3. I have worked with exploration crews for Boulder Creek Mines, Magnum Resources, Noranda, ESSO Resources, Texasgulf, Baker Mines, Powder Ridge Resources, Hammond Exploration and De Beers Canada Exploration (Monopros). 4. I am experienced in evaluating mineral prospects by geology, soil sampling, rock sampling and pan sampling. 5. I maintain an extensive library of geological books, reports and articles. 6. I am the author of this report, which is primarily based on my personal observations made while in the field. Dated at Salmon Arm, B. C. this _29 day of _Sept 08 10

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13 PETROGRAPHIC REPORT ON 2 SAMPLES OF MASSIVE SULFIDES Report for: Manley Fredlund, Exploration Manager Invoice Ascension Mineral Corp rd Ave. S.E. Salmon Arm, B.C. V1E 1V1 Aug. 28, (Copy to F. Marshall Smith Consulting 6580 Mayflower Drive Richmond, B.C. V7C 3X6 ( /cell ) SUMMARY: Capsule descriptions are as follows: A: massive sulfides, mainly galena enclosing coarse-grained, pale (Fe-poor) sphalerite and finergrained, euhedral pyrite; pyrite is commonly mixed with fine-grained muscovite/sericite along irregular, anastamosing zones interstitial to the galena and sphalerite, or with medium-grained carbonate and a little quartz or barite (?) that is concentrated along narrow veinlets, presumably related to the mineralization. Minor arsenopyrite and traces of sulfosalts (tetrahedrite and boulangerite?) occur in galena. Minor oxidation to fine-grained or amorphous limonite and possible rims of Pb/Zn oxides is present in some areas of the slide. B: massive, flow-textured (deformed, mobilized) fine-grained galena that has infilled and surrounded pyrite (which has responded to deformation by intense fracturing or shattering) and minor arsenopyrite. Pale (Fe-poor) sphalerite is contained within galena and to a lesser extent in pyrite, and rare bands of sulfosalts (boulangerite and tetrahedrite?) occur in galena. Gangues are mostly carbonate (likely ankerite or siderite, also apparently partly infilled by remobilized sulfides along microfractures, but presumably related to the mineralization). Detailed petrographic descriptions and photomicrographs are appended (on CD). If you have any questions regarding the petrography, please do not hesitate to contact me. Craig H.B. Leitch, Ph.D., P. Eng. (250) craig.leitch@gmail.com 492 Isabella Point Road, Salt Spring Island, B.C. Canada V8K 1V4

14 2 A: GALENA-SPHALERITE-PYRITE-MINOR SERICITE-CARBONATE-QUARTZ/BARITE (?) ±LIMONITE, ARSENOPYRITE, TRACE SULFOSALTS (TETRAHEDRITE, BOULANGERITE?) Hand sample consists of apparently mainly massive sulfides (galena, sphalerite and pyrite), with an outer weathered rind, and oxidation along scattered fractures. The rock is not magnetic, shows no reaction to cold dilute HCl, and no stain for K-feldspar in the etched offcut. Modal mineralogy in polished thin section is approximately: Galena 45% Sphalerite 20% Pyrite 20% Muscovite/sericite 7-8% Carbonate (siderite?) 5% Quartz (?) and/or barite (?) 1-2% Limonite, Pb/Zn oxides (?) <1% Arsenopyrite <1% Sulfosalts (tetrahedrite, boulangerite?) traces This sample of massive sulfides consists mainly of galena enclosing coarse-grained sphalerite and finer-grained, euhedral pyrite; pyrite is commonly mixed with fine-grained muscovite/sericite along irregular, anastamosing zones interstitial to the galena and sphalerite, or with medium-grained carbonate and a little quartz (?) that is concentrated along narrow veinlets. Minor oxidation to finegrained or amorphous limonite and possible rims of Pb/Zn oxides is present in some areas of the slide. Galena forms irregular-shaped masses up to about 1 cm across composed of interlocking subto euhedral crystals up to 4 mm in diameter. Inclusions of irregular subhedral sphalerite and mainly euhedral pyrite, both <0.5 mm, are common; euhedral arsenopyrite to 0.2 mm long are rare. Rare small areas of tetrahedrite or tennantite are mostly <50 microns long and rare rounded blebs mostly <25 microns of distinctly bireflectant/anisotropic sulfosalts (possibly boulangerite/jamesonite or Agbearing varieties) are included in galena generally near the contact with sphalerite. The identity of these minute inclusions would require SEM (scanning electron microscope) and/or microprobe analysis; colour contrast (faintly greenish) with galena is so slight as to make photography difficult. Sphalerite forms subhedral crystals up to 4-5 mm in diameter that show faint irregular zoning from mainly pale yellow-coloured (low Fe) in the main mass of the crystals, to pale orange (slightly higher Fe) in certain zones and near some fractures. Inclusions of irregular shaped galena to 0.25 mm and euhedral pyrite to 0.15 mm are locally present. Pyrite forms mainly euhedral, small crystals <1 mm in diameter, although locally aggregating to 2-3 mm. Inclusions of irregular-shaped galena to 0.2 mm, locally forming atoll texture, or micro-fractures <40 microns thick filled with galena, are locally common. Inclusions of subhedral sphalerite <0.1 mm in size are rare. Sericite is concentrated in irregular zones up to about 1.5 mm thick, composed of mainly randomly oriented, sub- to euhedral flakes <50 microns (rarely to 0.1 mm). Locally, along the central cores of these zones, minor veinlets occur of an unidentified mineral with high positive relief against muscovite and low (first-order grey) birefringence. This mineral is too fine-grained (sub- to anhedral, cross-fiber crystals mostly <60 microns long) too identify properly; it might however be barite (?). In places, narrow veinlets of similar size and orientation also cut the sphalerite and galena crystals. Carbonate forms sub- to locally euhedral rhombic crystals up to 1.5 mm in diameter that are likely ankerite or siderite to judge by the lack of reaction in hand specimen. They are mostly strongly fractured and contain inclusions of sulfides (mainly pyrite and galena) <0.2 mm in size. Voids in the section, possibly due to plucking out of the softer carbonate during section preparation, are common in this portion of the section. Minor quartz or barite (?) forming sub/anhedra mostly<0.3 mm in diameter occurs along narrow veinlets <0.25 mm thick in the central portion of the section. These are difficult to identify with certainty due to the fine grain size and anhedral character, plus relatively poor polish and fractured character, but show a possibly uniaxial positive interference figure in one grain. Similarity in orientation and appearance to the possible barite (?) veins however suggests that these veinlets could also be barite. In any case, they appear to be a late-stage feature of the ore.

15 3 B: FINE-GRAINED, FLOW-BANDED GALENA HOSTING SHATTERED PYRITE, CARBONATE, MINOR SPHALERITE, ARSENOPYRITE, SULFOSALT LAYERS Sample consists of mainly massive, very fine-grained, steel galena and lesser pyrite in crude layers or bands suggestive of strong deformation and remobilization of galena, with scattered buffwhite patches and clots of carbonate (barely scratchable by steel) contained as small boudins. The rock is weakly magnetic, shows only trace reaction to cold dilute HCl (where scratched), and no stain for K-feldspar in the etched offcut. Modal mineralogy in polished thin section is approximately: Galena 55% Pyrite 25% Carbonate (ankerite or siderite?) 10% Sphalerite 7-8% Arsenopyrite ` 2-3% Sulfosalts (boulangerite, tetrahedrite/tennantite?) <1% This sample is mainly massive, flow-textured (deformed, mobilized) fine-grained galena that has infilled and surrounded pyrite (which has responded to deformation by intense fracturing or shattering). Minor sphalerite is contained within galena and to a lesser extent in pyrite; bands of sulfosalts occur in galena. Gangues are mostly carbonate (likely ankerite or siderite). Galena occurs as crudely layered, very fine-grained aggregates or bands up to about 1 cm thick in which the layering is marked by trails of included pyrite (locally sphalerite) crystals, or rarely thin included layers of sulfosalts. Galena grain size is not visible without etching, but is probably of the order of 0.1 mm judging by small domains highlighted by minute pits. The layered texture is locally highlighted by thin (<0.2 mm thick) discontinuous, folded-looking layers of sulfosalts including both greenish-grey, weakly bireflectant/distinctly anisotropic boulangerite (?) and darker grey, apparently isotropic, tetrahedrite/tennantite (?), both forming sub/anhedral crystals mostly <0.5 and <0.1 mm long respectively. In places the sulfosalt layers are formed into rounded ball-like aggregates up to 0.6 mm across. Pyrite forms intensely fractured to shattered sub- to euhedral crystals up to about 1 mm in diameter, concentrated in partly dismembered, discontinuous layers <1 cm thick that locally contain the pods or clots of carbonate. Galena has infilled fractures and microfractures throughout the pyrite, suggestive of remobilization of the softer, more readily deformed galena compared to the brittle pyrite during deformation. Minor arsenopyrite (?), distinguished by whiter colour compared to pyrite, appears to be present as similarly shattered subhedral to locally intact, euhedral crystals mostly <0.2 mm in size, also contained within and infilled by galena along microfractures (anisotropism is difficult to see in these small crystals). Carbonate occurs as rounded to irregular ball-shaped areas up to almost 1 cm across contained within the galena (like boudins of harder material in softer, flow-deformed material). Within these areas, carbonate forms either relatively coarse (up to 1 mm diameter) sub- to anhedral, somewhat recrystallized crystals, or interstitial, finer-grained material <0.1 mm in size. Both are likely similar in composition (ankerite or possibly siderite to judge by the lack of reaction to HCl in hand specimen). In places the carbonate shows closely spaced deformation lamellae. Minor sulfides (mainly galena; minor pyrite, rare sphalerite) occur along fractures in the carbonate, presumably remobilized into them. Sphalerite forms relatively rare subhedra that appear to have been up to about 1 mm in diameter prior to fracturing and dismemberment by deformation. The sphalerite is locally associated with the carbonate (in the same layer) and with pyrite. Pale yellow-brown colour suggests a relatively low Fe content for the sphalerite, without noticeable zonation.

16 4 A: Intergrowth of massive sphalerite (sl) and galena (gn), the latter with inclusions of euhedral pyrite (py), rare needlelike arsenopyrite (as), possible tetrahedrite-tennantite? (tt?) and traces of other sulfosalt (sfsx, hard to distinguish from galena host), cut by veinlet of sericite and barite or quartz? (ser/ba/qz?). Reflected light, uncrossed polars, 2.25 mm wide. A2: Detailed view at high magnification to show areas of tetrahedrite/tennantite? (tt?) and other small blebs of sulfosalt (sfsx) in galena (gn) near contact with sphalerite (sl). Reflected light, uncrossed polars, field of view 1.0 mm wide.

17 5 B: Massive, fine-grained, layered galena (gn) with discontinuous layers of sphalerite (sl) and euhedral pyrite (py) or minor arsenopyrite (as), and carbonate (cb) gangues included. Reflected light, uncrossed polars, field of view 2.75 mm wide. B2: Subhedral to shattered pyrite (py) crystals infilled along microfractures by galena remobilized from adjacent massive fine-grained (deformed) bands, and associated with boudins of carbonate (cb). Traces of sphalerite (sl) occur in the pyrite. Reflected light, uncrossed polars, field of view 2.75 mm wide.

18 6 B3: Layer of sulfosalt (sfsx. possibly boulangerite?), faintly visible as greenish-grey mineral, locally with minor grey sulfosalt (possibly tetrahedrite/tennantite, tt?) along the same layer, both contained within galena (gn) that also contains shattered balls of pyrite (py) and minor carbonate (cb). Reflected light, uncrossed polars, field of view 2.75 mm wide. Overview of thin sections and offcuts (green semi-circles mark photomicrograph locations).

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