Katrine Exploration and Development Inc.

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1 Katrine Exploration and Development Inc. P.O. Box S&5,53 Eighth Aw., Laider Lake, Ontario. Canada, POK l LO Report on Boundary Marking in Gauthier Twp., Larder Lake Mining Division, Ontario, Canada RECEIVED JAN 1't z:c5 January 11,2005 GEOSCIENCE ASSESSMENT -... OFRCE 32D04NW GAUTHIER 010

2 Table of Contents Introduction, Property Location and Access... Topography and Vegetation... Description of Recent Work... Concuisions...,...,...,...,... l l l l Mans in Report 1 Claim Map, Gauthier Twp Showing Relevant Claims Sketch Showing Boundary Lines Re Established 1:

3 Introduction. Location and Access Katrine Exploration and Development Inc. (Katrine) was hired by Skead Holdings Lid. to conduct exploration work in order to satisfy the assessment work requirements for two un patented mining claims located in Gauthier Twp., Larder Lake Mining Division, Ontario, Canada. Katrine was specifically hired in order to re establish the boundary of L and L Access to the property is via the all weather road locally known as the Beaverhouse Road or Argonaut Mine Road from the town of Dobie, Ontario Topography amj yeflcj:atlen The topography of the property is mainly gently rolling hills with low laying areas. The forest is made up of spruce, poplar, white birch and some jack pine. Description of recent work On January 11,2005 Katrine personnel re established the boundary lines with flagging tape and fresh blazing. The line is now clear and easy to locate. All posts were successfully located and are in fair condition considering the age of the claims (originally staked in 1985), Conclusions and Recommendations The property boundaries are now clear and easy to locate. This work will allow future exploration work to be conducted with the knowledge that there is no danger of having work done on the neighboring claims Respectfully Submitted,

4 T&trine Exploration and (Development Inc. P.O. Box 385,53 8a Ave., Urdw Lake, Ontario, Canada, POK IDD Tet *t ,Fax: , Date: January 11, 2005 invoice #: In Account with: Skead Holdings Ltd 28 Ford St. Sault Ste. Marie, On P6A4N4 Invoice Project: Gauthier Twp. Boundary Start Date: Jan Finish Date: Jan Description: We re established the boundary on two mining claims in Gauthier Twp. and wrote up a report on your behalf. 2.64km Rate Notes: SlOO/km Subtotal: S G3T: Total Due Upon Receipt: S Term*: Not 30 days. Interest te charged dally after 30 day* at 2^ per month (24*ft per annum) O3TW8W205173RT0001

5 7 INDEX TO LAND DISPOSITION f PLAN G-32II TOWNSHIP ta GAUTHIER M.N.R. ADMINISTRATIVE DISTRICT (/(^KIRKLAND LAKE H A MINING DIVISION LARDER LAKE LAND TITLES/REGISTRY DIVISION TIMISKAMING Scale 1: Metres Feet Metres Ftet Contour Interval 10 Metres

6

7 **IS PRECAMBRIAN LJITB PRECAMBRIAN MAFIC IKTRUSIVt ROCKS MIDDLE PRECAMBRIAN ALKALIC INTRUMVI NOCKS MAFIC INTRUSIVE HOCKS* HURONIAN COBALT GROU^ lorrain Foflrnlt VMM. frtrwkt*. tuvlfk. EARLY PRECAMBRIAN MAFIC tntmusivi ROCKS* FELSIC INTRUSIVE ROCKS* lot Outttt i (WO,.fi CD' 'f, funotfixp*, 9U*O oiwli ttofllt. *pum. META UL1 CD- MIT A VOLCANICS' ALKALIC METAVOICAN'CS* CD' s--*"""'""*"' ULTRAMAFIC MErAVQLCANICS* FELSIC MtrAVOLCANlCSy REGIONAL GEOLOGY Sole, l inch to 200 miles N.T.S. reference 31M, 32D.41P.42A Scale 1:253,440 or I'Mmiles

8 ONTMUO Work Report Summary MINISTRY OF NORTHERN DEVELOPMENT AND MINES Transaction No: Recording Date: Approval Date: W JAN JAN-17 Status: APPROVED Work Done from: 2005-JAN-11 to: 2005-JAN-11 Client(s): SKEAD HOLDINGS LTD. Survey Type(s): PRECUT Work Report Details: Claim* Perform L L Perform Applied Approve Applied Approve S Assign so so Assign Approve Reserve 0 SO 0 SO Reserve Approve Que Qate SO 2005-JUL-17 SO 2005-JUL-17 S SO 30 SO SO External Credits: SO Reserve: SO Reserve of Work Report*: W SO Total Remaining Status of claim is based on information currently on record. 32D04NW GAUTHIER Jan-20 09:46 ARMSTRONG! Page 1 of 1

9 Ministry of Northern Development and Mines Date:2005-JAN-17 Ministers du Developpement du Nord et des Mines Ontario GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO P3E 6B5 ROBERT ALLAN MACGREGOR SKEAD HOLDINGS LTD. 28 FORD STREET SAULT STE. MARIE, ONTARIO P6A 4N4 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. NOTE: On July 12, 2004 you applied and were granted an Extension of Time for six months to complete "geology-sampling-analysis", work which you indicated was already "partly done". Your subsequent assessment work submission, to meet the requirements of the extended due data, consisted only of the recutting of the claim boundary lines performed six days prior to this extended date. Please note an Extension of Time under section 73(1) is discretionary, and the failure to subsequently report the dollar amount or type of work indicated in an Application for Extension of Time may negatively effect any subsequent request for Extensions on these claims. If you have any question regarding this correspondence, please contact or by phone at (705) BRUCE GATES by at Yours Sincerely, Ron C. Gashinski Senior Manager, Mining Lands Section Cc: Resident Geologist Skead Holdings Ltd. (Claim Holder) Assessment File Library Skead Holdings Ltd. (Assessment Office) Visit our website at Page: 1 Correspondence 10:20265

10 ONTMHO Mining Land Tenure Map Date l Time of Issue: Won Jan 17 11:07:00 EST 2006 TOWNSHIP 7 AREA PLAN GAUTHIER G-3211 ADMINISTRATIVE DISTRICTS l DIVISIONS Mining Division Larder Lake Land Titles/Registry Division TIMISKAMING Ministry of Natural Resources District KIRKLAND LAKE TOPOGRAPHIC Land Tenure Aflrotnirtttv* iflurwsrtbf 1*1 Suttee* And MWW9 R r&l Winino Wflhte Only B s*""""***" Mm* Handham Ralway m DO m so pg B B Utes Not Specified SurlMco And hhnmg Htghtt Surface Hlfltiiii Onfy Mining RlflhK On^ lbt Pow* f Lea** Armament l mmr H) Only Mhnng CBUmi LAND TENURE WITHDRAWALS IMPORTANT NOTICES LAND TENURE WITHDRAWAL DESCRIPTIONS Mow li ter Typo Duic OmciiptlQn joffl SITE STAKING RESTRICTED S.S. 10(8} MIMING ACT g ippltatbn UMM liw public B M s am Sac 3Q. (d i Mining A' w-l-d &'BSNCRMININQKtQKrS a WITHDRAWN - BEfT 13I9B 'fflj Ws C162G Wsm *Ufl. 1WO NRWI&90-M94B2 IS/4/DDS.R. * M.R, 1810 NRWB9fl!01l949a 18/4/BOSRO, aoos SK. 35 W-t-C&OS M*S i DOS 01.'12 1*5150 ISM SEt3!W-L-1*M 1MH.'9BM*S 1*3150 I&93 W-i-2/SSNERlS * H)WITHDRAWN FEB 3^63 MtS Notlcn: nro.1 h now cagulatod aa Con. Rf*,, conautl Rorordai'g totthn tot no* boundary DC 11 go** beyom tws Withdrawn O*dar*io o CM PRECUT K H H S 0\ M O a UTM Zone m grid ^y O **awb1s7 /^V l SMIfiTB^ l E E E E 6* E E E i inn* rfwme tttww IMUM wmvh wttn ilw PttvMM MMIng RoeoMan 1 OHM* M the Ministry M Kbnh*rn D*v*lapmant nnd MMM (ortmltloniil Wwnwittn wi th* MntiiB 61 tno UMi stewn M IboMobulntHt UMcHjQhltlfi tust Lsfld Titles or Ruolltrv OIIKe. ol th* WmMlv ol Sullvtll PMlQUKM General Information and Limitations Mop Dnfcint NAD HJ 5?48PMiclkai; UTM K d^i*,) ToworaW* Daw Sourea: LaM Thh mop nw/ nw *hew unmghmiwl Ki flmrrwntii. ngm BtUMyo, ItaMlng HflM CKiwn, Alio curtain tare! tnnuro and la num ami imomu m mwl ineluaing c*ruiin pnt*mt, IMBM, mma, oioinbrtornmotdlopetlilijnol MgMiand l M* msl imm M that iwstrtl or prchlbh (wserkrvto tuka rrtrtno cttlni. ir

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