42E12NE WALTERS CONTENTS

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1 CONTENTS 42E12NE WALTERS LOCATION MAP #1 2. LOCATION MAP #2 3. PROPERTY ACCESS 4. GEOLOGY 5. WORK S GEOLOGY 6. ASSAY SHEET 7. REMARKS 8. STATEMENT OF COSTS 9. WORK MAP C. PETTIT OCT.23/2004

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3 POST #4 POST #1 CLAIM TB METRES METRES WALTERS TWP. 22 METRES 00 LONG ' 20" LAT ' 10" 11 DE-WATERED AREA MAGNETIC NORTH' SCALE 2.54 cm. : 60 M, jfe-bush ROAD (TO HWY. #11) OCT.18/2004 C.PETTIT POST #3 POST #2

4 PROPERTY ACCESS: 8s CLAIM TB , WHERE THE WORK.OUTLINED HERE WAS DONE IS PART OF A PROPERTY LOCATED IN THE THUNDER BAY MINING DIVISION BEARDMORE AREA, WALTERS TWP.. THEPROPERTY IS ACCESSIBLE BY TRAVELLING ON THE TRANSCANADA HWY..TO A POINT 20 KILOMETRES EAST OF BEARDMORE. FROM THERE A BUSH ROAD LEADS NORTH 3 KILOMETRES TO THE CLAIMS. THE LOCATION OF THE WORK AREA ON CLAIM TB IS APPROXIMATELY 370 UTH OF NORA LAKE. /w GENERAL GEOLOGY: THE ABOVE CLAIM IS LOCATED IN THE BEARDMORE GERALTON AND LONGLAC METAVOLCANIC AND METASEDIMENTARY BELT WHICH IS PART OF THE WABIGOON SUB PROVINCE OF THE PRECAMBRIAN SHIELD. IN WALTERS TOWNSHIP WHERE THE CLAIM IS LOCATED, THE CONTACT BETWEEN THE METAVOLCANIC AND METASEDIMENTARY IS A LITTLE UTH OF CLAIM TB THE CLAIM ITSELF IS PREDOMINATELY COMPOSED OF METAVOLCANIC ROCK. C v WORK: IN JUNE OF 2004, A PROGRAM WAS UNDERTAKEN TO EXPOSE THE ROCK BELOW THE THE DROP OFF, FROM THE 2003 ROCK WASHING WORK. IN 1983 A BULK SAMPLE OF SIXTEEN TONS OF ROCK WAS REMOVED, LEAVING A TRENCH ABOUT 22 METRES LONG. AS THE TRENCH WAS ALREADY IN LOW GROUND, IT WAS NECESSARY TO PUMP OUT THE WATER TO EXPOSE THE ROCK. AFTER WASHING THE ROCK DOWN, IT WAS FOUND THAT THE ROCK TYPES ENCOUNTERED IN THE PREVIOUS YEAR.CONTINUED UTHWARD UNDER THE TRENCH, AND BEYOND, INCREASING THE OVERALL WIDTH OF THE STRUCTURE TO 5 METRES WITH GOOD GOLD VALUES. WORK AND GEOLOGY: THE FIRST 9 METRES ON THE EAST SIDE OF THE AREA UNDER CONSIDERATION IS MADE UP OF MOSTLY RUSTED, FINE TO MEDIUM GRAINED SHEARED AND FOLDED METAVOLCANIC ROCK. #1 AND #2 SAMPLES WERE OBTAINED FROM THIS AREA, AFTER THE WATER WAS REMOVED. ARSENOPYRITE UP TO 2Z ALONG WITH ANKERITE, SERICITE AND QUARTZ VEINLETS WERE EXPOSED. FROM 9 METRES TO 12 METRES IS MEDIUM GRAINED FRACTURED MAFIC ROCK WITH QUARTZ AND li ARSENOPYRITE AND IRON PYRITES. SAMPLES #3 AND #4 ARE LOCATEDIN THIS ZONE. FROM 12 TO 21 METRES THE GEOLOGY BECOMES MORE COMPLEX. THE FELDSPAR PORPHYRY WITH QUARTZ VEINS HAS UNDERGONE MUCH ALTERATION.'

5 CONTINUED- THIS CARBONATED STRUCTURE CONTINUES UNDER THE TRENCH AND CONTAINS 2% ARSENOPYRITE AND IRON PYRITE. THERE IS AL FRACTURING. SAMPLES #11 AND #12 CONTAIN UP TO 570 ARSENOPYRITE ALONG WITH IRON PYRITE AND QUARTZ VEINING. SAMPLES #5 AND #10 ARE IN THIS SECTION. COMMENTS: THE WORK DONE AND THE ASSAY RESULTS INDICATE THE IMPORTANCE OF ARSENOPYRITE ALONG WITH QUARTZ AND IRON PYRITE IN THIS LOCATION. A MINING COMPANY IS NEGOTIATING AN OPTION ON THE PROPERTY AT THE PRESENT TIME. C.PETTIT OCT. 20/2004

6 Accurassay Laboratories 1070 Lithium Dr. '(nit #2. nunder Bay, ON P7B 6G3 Canada INVOICE Invoice No. Date: Page: Sep Sold To. Pettit, Mr. Cyril P.O. Box 96 BEARDMORE, ON POT 1GO Ship To: Pettit, Mr. Cyril P.O. Box 96 BEARDMORE, ON POT 1GO Business No.: Item No. Quantity Unit Description Unit Price Amount Job # SP5.75 AulO.OO Each Each Sample Prep Gold FA/AA (30g) Subtotal: G - GST 707o GST Terms: Net 30 Due 13-Oct-2004 Comments Terms net 30 days, 2.507o per month on overdue accounts. Freight Total Amount

7 y*j /'-m^/^m -T-Latocratcries A DIVISION OF ASSAY LABORATORY SERVICES INC. MINERAL ASSA Y DIVISION 1070 LITHIUM DRIVE, UNIT 2 THUNDER BAY, ONTARIO P7B 6G3 PHONE (807) FAX (807) accuracy@tbaytel.net WEBwww.accurassay.com Certificate of Analysis Friday, September 10,2004 Pettit, Cyril P.O. Box 96 Beardmore, ON, CA POT l GO Ph#: (807) Fax*; Date Received. 02-Sep-04 Date Completed : 10-Sep-04 Job # Reference : Sample*: 12 Rock Accurassay # Check Client Id Au ppb Au OZ/t Au g/t (ppm) PROCE Page l of l The)resutts included on this report relate only to the items tested Certified ie Certificate of Analysis should not be reproduced except In full, without the written Derek Demianiuk H.BSC., Laboratory Manager approval of the laboratory ALW-ooss-owioraxM 0315 PM

8 ONTMIO Work Report Summary MINISTRY OF NORTHERN DEVELOPMENT AND MINES Transaction No: Recording Date: Approval Date: W NOV NOV-26 Status: APPROVED Work Done from: 2004-JUL-11 to: 2004-AUG-01 Client(s): ATKINN, RETA CLAUDETTE PETTIT, CYRIL UNDERWOOD CLARK, CATHERINE L. Survey Type(s): ASSAY PMAN Work Report Details: Claim* Perform Perform Approve Applied Applied Approve Assign Assign Approve Reserve Reserve Approve Due Date G ,903 31,903 S1,600 1,600 S TB TB S800 S800 S800 S so 2006-JAN JAN-03 51,903 S ,600 S1,600 S1,600 51,600 S303 S303 External Credits: Reserve: S303 Reserve of Work Report*: W Total Remaining Status of claim is based on information currently on record. 42E12NE WALTERS Dec-OI 15:02 ARMSTRONG! Page 1 of 1

9 Ministry of Northern Development and Mines Date: 2004-NOV-26 Ministere du Developpement du Nord et des Mines Ontario GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO P3E 6B5 CYRIL UNDERWOOD PETTIT BOX 96 BEARDMORE, ONTARIO POT 1GO 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 STEVEN BENETEAU by at or by phone at (705) Yours Sincerely, /P. Ron C. Gashinski Senior Manager, Mining Lands Section Cc: Resident Geologist Reta Claudette Atkinson (Claim Holder) Assessment File Library Cyril Underwood Pettit (Claim Holder) Cyril Underwood Pettit (Assessment Office) Catherine L. Clark (Claim Holder) Visit our website at Page: 1 Correspondence ID:20082

10 l ONTARIO CANADA MINISTRY OF NORTHERN MVEUMtMNT AND MINES PROVINCIAL MINING RECORDER'S OFFICE Mining Land Tenure Map Date l Time of Issue: Thu Dec 02 10:02:48 EST 2004 TOWNSHIP 7 AREA PLAN WALTERS ADMINISTRATIVE DISTRICTS l DIVISIONS Mining Division Land Titles/Registry Division Ministry of Natural Resources District Thunder Bay THUNDER BAY NIPIGON -'i 3012m--'-]V 65802,8- TOPOGRAPHIC Administrative Boundaries F l Township Concession, tot Land Tenure Freehold Patent j 1 1 Surface And Mining Rights ~ Surface Rights Only l SIB ppi Provincial Part indian Reserve r^"l Leasehold Patent Winino RiOhts Only,.,~''^-Sc -\ i l( ~- - ^J i" ": Oiff, Pit S Pile Contour j - j njn Surface And Mining Rights Surface Rights Only B t Mine Shafts Mine Headlramo Railway r^~ Mining Rights Only Licence of Occupation nri Uses Not Specified ^S6.?l ^33^^"*"-e63676 /' /' /' eesesv-'f"* saieas W-fleaSi^ Road Trail Natural Gas Pipeline j 4 l [T] 0 Surface And Mining Rights Surface Rights Only Mining Rights Only Utilises Land Use Permit Tower Order In Council (Not open for staking} Water Power Lease Agreement Mining Claim FJod Only Mining Claims LAND TENURE WITHDRAWALS P M AN, ASSAYS Seal* 1:157*6 LAND TENURE WITHDRAWAL DESCRIPTIONS Identifier Type Date Description 1234 Areas Withdrawn from DispoBilion Mining Acts Withdrawal Types Wem Surface And Mining Rigtits Withdrawn Wt Summ Rights Only Wltinrawn Wm Mining Rignn Only Wiffidrawn Order In Council Withdrawal Types W^sm Sultan And Mining Rights VWhdrawn W"B Suifecs Rights Only Wtihdrawn W"m Mining Rights Only Withdrawn IMPORTANT NOTICES 1600 Wan Jan 1,2001 MNR RESERVE, FILE W-14/92 Ws Nov SURFACE RIOHTS ONLY WITHDRAWN FROM STAKING. SECTION : ORDER W-14/92 WASTE DISPOSAL SITE. DATED 08/11/82. FILE 13 W-TB-64/93 Ws Sep 22, 1993 SURFACE RIOHTS ONLY WITHDRAWN FROM STAKING. ORDER W TB-64/93 DATED 09/22/93. WASTE DISPOSAL SITE. W07/90 Ws Jun2,1990 SURFACE RIGHTS ONLY WITHDRAWN FROM STAKING ORDER WC COMMUNICATION TOWER SITE FROM DOMTAR INC. DATED 02/06 UTM Zone 16 QOmerid try of Northern Development and Mines for additional id title determination purposes as the Information 3onal information may also be obtained through the :lme of downloading from the Ministry of Northern General Information and Limitations This map may not show unregistered land tenure and interests In Contact Information: Toll Free Map Datum: NAD 83 land Including certain patents, leases, easements, right of ways, Provincial Mining Recorders' Office Tel: 1 (888) ext 67mijectlon: UTM (6 degree) flooding rights, licences, or other forms of disposition of rights and Willet Green Miller Centre 933 Ramcey 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 6B5 Mining Land Tenure Source: Provincial Mining Recorders1 Office *at.r*ftl!,ct w pronlb* free *ntry to *"*s mining dalms may not be Home Page: Illustrated. 42E12NE WALTERS 200

11 f? /? 17./j, /-r /f y 3 ' li ic 3 J L 5 * -i -.. \ r ^ t Q \ - t PART OF CLAIM TB WALTERS TWP. G-171 MOSTLY OVERBURDEN BRUSH Rqg.is.-~~" OVERBURDEN MAFIC VOLCANIC ROCK FINE GRAINED FRACTURING CARBONATED PYRITIC ARSENOPYRITE SHEARING QUARTZ CARBONATES VEINING FELDSPAR PORPHYRY ZONE CHLORITIC ANKERITE guakiz, ARSEN0PRITE ARSENOPRITFf ANKERI f E DROP OFF 2893 P. P/B. FOLDING AND SHEARING QUARTZ VEINLEXS ARSENOPYRITE RUSTING y.x ANKERITE BRECCIATED HEMATITIC IRON if- FORMATION FELDSPAR PORPHYRY ZONE 472 P.P.BW' ORIGINAL PIT WATER AREA 3 METRE DROP OFF FELDSPAR PORPHYRY CARBONATE ZONE FRACTURING PORP '-QUARTZ QUARTZ VEINS ALTERATIONS 3 METRE DROP OFF 7500 P.P.B. WATER ME ROCK EXPOSURE ROCK PILE MAFIC^VOLCANIC C. PETTIT OCT. 8/ P - P - B - VROCK EXPOSURE OVERBURDEN AU GOLD P.P.B.-PARTS PER BILLION li SAMPLE NUMBER JN AU SCALE BUSH ROAD 42E12NE WALTERS 210

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