REPORT ON GEOLOGICAL MAPPING OF CLAIM SHAW TOWNSHIP PORCUPINE MINING DIVISION) NORTHEASTERN ONTARIO FOR LAURION GOLD INCORPORATED

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1 REPORT ON GEOLOGICAL MAPPING OF CLAIM SHAW TOWNSHIP PORCUPINE MINING DIVISION) NORTHEASTERN ONTARIO * O Q Q fi FOR LAURION GOLD INCORPORATED Schumacher, ON November 29th, 2004 Leslie A. Tihor Tihor Geo Web Services A06NE SHAW 010

2 TABLE OF CONTENTS COVER PAGE...l TABLE OF CONTENTS...2 THE PROPERTY...3 PREVIOUS WORK...3 REGIONAL GEOLOGY...3 DETAILED GEOLOGY...3 RECOMMENDATIONS...3 REFERENCES...^ QUALIFICATIONS...^ MAP l ~ Location Map MAP 2 -- Geology Map

3 THE PROPERTY Staked mineral claim is located in southeast Shaw Township, 17km ESE of the city of Timmins. Access is via Springer's Road, a gravel logging road, which traverses the west side of the claim. Ownership is o Laurion Gold Inc., 56 Temperance St., 4* Floor, Toronto, ON, M5H 3V.5. PREVIOUS WORK M.N.D.M. assessment work records contain only one file of previous work on this ground. In 1984 Gail Resources Inc. carried out a proton magnetometer survey over a group of claims including this property (T-2850). REGIONAL GEOLOGY Pyke (1982) indicates that southeast Shaw Township is underlain by massive mafic calcalkalic metavolcanics, with lesser amounts of pillowed flows and tuffs. The northwest striking Montreal River Fault passes about l km west of the property. DETAILED GEOLOGY Leslie Tihor, geologist, spent one day, November 23 rd, 2004, mapping geology on claim Results are shown on the attached map. The grey lines on the map show mapping traverses. As shown, the traverses are only approximate because actual ground covered included many diversions to check for outcrops. The topography is very flat and with very few outcrops. Vegetation consists of mainly very young poplar and tag alder mix. There are many narrow tag alder swamps and a few small areas of mature poplar/white spruce growth. A continuous black spruce swamp covers the northeast part of the claim. A few outcrops are found along the south claim line and one small outcrop was found near the number l claim post. All outcrops consist of fine to medium grained, massive, medium green basalt. A few pillows were noted near the south central part of the claim. The small outcrop near post #1 shows bleached and ankeritized basalt intruded by small amounts of feldspar porphyry. In this outcrop both rock types contain small amounts of flat-lying, narrow quartz veins. RECOMMENDATIONS Alteration and quartz veinlets associate with basalt/feldspar porphyry contacts near the #1 post suggest potential for gold mineralization. Although there is very little rock

4 exposed, local topography suggests that backhoe stripping would be a useful method for exposing much more rock in the area. REFERENCES 1982: Pyke, D.R.. "Timmins Area. Ontario Geological Survey Map 2455, Synoptic Series", scale 1:50,000. Geology and compliation, : Grant, John C., "Report on Proton Magnetometer Survey, Croteau Creek, South Western Block, Shaw Twp, Porcupine Mining Division, Northeatern Ontario, for Gail Resources Incorporated. AFRO T QUALIFICATIONS I, Leslie Allan Tihor, reside at 12C Railway Avenue, P.O. Box 253, Schumacher, Ontario. I graduated in 1973 from Lakehead University with an HBSc in Geology, l also completed 4 years toward a PhD in Geology from McMaster University in I have practiced my profession in exploration geology almost continuously from November, 1977, to the present. I have no financial or other interest in Laurion Gold Inc. Leslie A. Tihor November 29*, 2004

5 Map l location map

6 N-- U) O o W 'O U) NJ O W o w LEGEND Post Geology + feldspar porphyry v basalt: massive, pillowed N- Post#4 O outcrop Vegetation N-- ypo/al ypo/al young poplar/alder po/bal/al poplar/balsam/alder aid tag alder swamp bl spr black spruce swamp approximate compassed traverse lines N aid ald po/bal/al t po/bal/al ypo/al l j, ypo/al f? J Pt/bal/al B ypo/al Sr t ypo/al t V Scale: 1:3000 UTM coordinates (NAD 83) N-- Post#3 Geology Map ~ Claim Shaw Twp, Porcupine Mining Division Post #2 Mapping by Leslie A. Tihor Nov. 23, 2004, for Laurion Gold Inc.

7 - ONTMIO MINISTRY Work Report Summary OF NORTHERN DEVELOPMENT AND MINES Transaction No: Recording Date: Approval Date: W NOV DEC-14 Status: APPROVED Work Done from: 2004-NOV-23 to: 2004-NOV-24 Client(s): LAURION GOLD INC. Survey Type(s): GEOL Work Report Details: Perform perform Applied Assign Reserve Claim* Perform Approve Applied Approve Assign Approve Reserve Approve Due Date P S825 S S800 "" SO O S25 S DEC-09 S825 S825 S800 S800 SO SO S25 S25 External Credits: Reserve: so S25 Reserve of Work Report*: W S25 Total Remaining Status of claim is based on information currently on record. 42A06NE SHAW Dec-20 13:03 ARMSTRONG! Page 1 of 1

8 Ministry of Northern Development and Mines Date:2004-DEC-16 Ministere du Developpement du Nord et des Mines Ontario GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO P3E 6B5 LAURION GOLD INC. P.O. BOX CRAWFORD STREET SOUTH PORCUPINE, ONTARIO PON1 HO CANADA Tel: (888) Fax:(877) Dear Sir or Madam Submission Number: Transaction Number(s): W Subject: Approval of Assessment Work We have approved your Assessment Work Submission with the above noted Transaction Number(s). The attached Work Report Summary indicates the results of the approval. At the discretion of the Ministry, the assessment work performed on the mining lands noted in this work report may be subject to inspection and/or investigation at any time. If you have any question regarding this correspondence, please contact or by phone at (705) LUCILLE JEROME by at Yours Sincerely, /P, Ron C. Gashinski Senior Manager, Mining Lands Section Cc: Resident Geologist Laurion Gold Inc. (Claim Holder) Assessment File Library Laurion Gold Inc. (Assessment Office) Leslie Allan Tihor (Agent) Visit our website at Page: 1 Correspondence 10:20136

9 MINISTRY OF NORTHERN BtcoRDeire OFFICE Mining Land Tenure 4^J[Jtir~~""'Y^~''"'l^~-^ ,J\ Date l Time of Issue: Tue Dec 14 14:16:51 EST 2004 TOWNSHIP l AREA PLAN SHAW } P32711 \! P32711 \ P32713 ADMINISTRATIVE DISTRICTS l DIVISIONS Mining Division Land Titles/Registry Division Ministry of Natural Resources District Porcupine COCHRANE TIMMINS TOPOGRAPHIC! i Administrative Boundaries ; Township : Concession, Lot Provincial Park Land Tenure Freehold Patent \'f \ nn nn Surface And Mining Rights Surface Rights Only Mining Rights Only Indian Reserve Leasehold Patent \"": Cliff, Pit 4 Pila r^t) Surface And Mining Rights B A Contour Mine Shafts Mine Headframe Railway Road Trail Natural Gas Pipeline Unities Tower rb~1 ["g'l Licence of Occupetion E m a Surface Rights Only Mining Rights Only Uses Not Specified Surface And Mining Rights Surface Rights Only Mining Rights Only Land Use Permit Order In Council (Not open for staking) Water Power Lease Agreement Mining Claim Filed Only Mining Claims i LAND TENURE WITHDRAWALS 1234 Areas Withdrawn from Disposition - ' Mining Acts Withdrawal Types Wsm Surface Ant) Mining Rights Withdrawn Ws Sultan RigHB Only Wltrtnwn Wm Mlnlno RlBMi Only Withdrawn Order In Cound Withdrawal Types WOT Sultan Ana Mining Rlgtits WWOrswn W"s Surface Rig!* Only Writdrtwn W"m Mining Rights Only Wilhdrann IMPORTANT NOTICES 8cale1:mM LAND TENURE WITHDRAWAL DESCRIPTIONS Identifier Type Date Description 3690 Wern Jan 1,2001 DUCKS UNLIMITED - PENDING APPLICATION UNDER THE PUBLIC LANDS ACT S.R.O. WITHDRAWN 3892 Ws Jan 1,2001 DUCKS UNLIMITED-PENDING APPLICATION UNDER THE PUBLIC LANDS ACT S.R.O. WITHDRAWN 3605 Wsm Jan 1,2001 APPLICATION PENDING UNDER P.L.A.-SURFACE RIGHT WITHDRA W.97/77 Ws Jan 1,1980 W.97/77 15/12/77 S.R.O UTM Zone m grid Those wlshlno to stake mlnina dalms should consult with the Provincial Mining Recorders' Office of the Ministry of Northern Development and Mines for additional General Information and Limitations This map may not show unregistered land tenure and Interests In inter determination purposes as the Information Contact Information: Toll Free Map Datum: NAD 83 land including certain patents, leases, easements, right of ways, shov nformation may also be obtained through the Provincial Mining Recorders' Office Tel: 1 (888) ext 57l*o eetion: UTM (6 degree) flooding rights, licences, or other forms of disposition of rights and local l IIIIH Hill HUH Illl Hill IIIIlll III! III! Hill Hill Hill Hill Hill Hill Hill Hill Hill Mil Illl Willet Green Miller Centre 933 Ramsey Lake Road Fax: 1 (877) Topographic Data Source: Land Information Ontario Interest from the Crown. Also certain land tenure and land uses Sudbury ON P3E 6B6 Mlnina Land Tenure Source' Provincial Mining Recorders' Office that restrict or prohibit free entry to stake mining dalms may not be Si l Illl II III II III IIIIII III II III Illl l III Illl Illll III Illll II lil IIIIII1IIII11II III II Mi II III J l downloading from*. Ministry of Northern Home?age: ' Illustrated. 42A06NE SHAW 200

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