VG HOLE ID # diam. HQ 6.35 cm NQ 4.76 cm BQ cm Comments: VG HOLE ID #

Geology Log VG-06-01 VENCAN GOLD Corporation PROJECT Logged By: Genoa Township Properties-Swayze Area Ontario Grid Co ordinates (UTM) final Diff. GPS +/ - 1m VG-06-01 VG-06-01 C. aussant Depth (m) Drill Start Date June 14,2006 Northing 5298911.84 Datum NAD 83 HQ From (m) 0.00 To (m) 7.00 Elevation (m) 394.27 Drill Finish Date June 15,2006 Easting 410356.01 zone 17 NQ From (m) 7.00 To (m) 110.00 Base of Oxidation Azm. O Incl. O Elevation 394.27 BQ From (m) TD m. 110.00 up-dated Collar 0.00-45.0 Drill Company: Bradly Brothers, Timmins, diam. HQ 6.35 cm NQ 4.76 cm BQ cm Comments: 17.0 0.30-45.2 68.0 2.30-43.7 110.0 3.10-42.9 VG-06-01 0.00 7.00 NR 7.00 18.65 MAT Casing 7-7.3 hornblende rick, massive, strongly magnetic 7.3-13.1 Garnetiferous, foliated at 50 o to CA, mn Py stringers parallel to CA occational quartz-carbobate stringers 13.1-13.8 massive green-grey andesite, occational quartz-carbonate stringers 13.8-17.15 garnetiferous 17.15-18.65 mn qtz flooding, ankerite alteration, beige coloured irregular banding magnetic 5001 17.15 18.65 1.50 3 1.1 0.0148 0.056 0.0835 18.65 19.25 QFP Light grey, phenos to 2mm 5002 18.65 19.25 0.60 Nil 0.2 0.0002 0.0247 0.114 19.25 20.35 MAT qtz flooded, siliceous 19.25 20.25 SILI S 19.25 20.35 2 0.5 5003 19.25 20.35 1.10 Nil 1.2 0.0177 0.721 2.86 0.35 1.55 6.05 20.35 20.95 QFP light to medium grey qtz flooded 5004 20.35 20.95 0.60 Nil 0.3 0.0003 0.096 0.0234 20.95 22.50 BRX qtz flloded, brecciated MAT 20.95 22.50 SILI S 20.95 22.50 0.5 1 0.5 20.95 CTC 45 5005 20.95 22.50 1.55 Nil 0.7 0.016 0.464 2.16 22.50 24.40 MAT medium grey-green, mn distict wavy creamy alteration 21.10 VNQZ 40 5006 22.50 23.10 0.60 Nil 0.1 0.0016 0.0064 0.0422 core broken 22.5-23.1 5007 23.10 24.40 1.30 Nil 0.4 0.013 0.0413 0.057 24.40 25.30 BRX quartz flooded MAT 24.40 25.30 SILI S 24.40 25.30 1 1 5008 24.40 25.30 0.90 7 1.6 0.0431 0.538 3.05 24.7-24.8 graphitic 5009 25.30 25.90 0.60 Nil 0.2 0.0149 0.0285 0.0684 25.30 25.90 MAT medium green-grey garnetiferous 5010 25.90 27.20 1.30 Nil 0.1 0.0011 0.0012 0.007 25.90 28.50 QFP massive light grey, phenos to 1-2mm, occational qtz-carb stringers 5011 27.20 28.50 1.30 Nil 0.1 0.0009 0.0001 0.0026 25.9 broken contact 28.50 35.55 MAT Massive grey-green, occational irregular qtz-carb stringers, mn qtz 28.50 CTC 50 veinlets 28.5-30.0 garnetiferous 30.00 VNQZ 45 30.10 FOL 50 33.8 1cm qtz-carb veinlet at 75 o to CA 35-35.55 garnetiferous 35.55 38.40 FELT Brownish grey, narrow intervals siliceous & qtz flooded, narrow intervals 5012 35.55 37.00 1.45 Nil 0.2 0.0115 0.0001 0.0058 brecciated; Py clots associated with quartz flooded intervals 38.00 FOL 35 5013 37.00 38.40 1.40 Nil 0.2 0.0109 0.001 0.0161 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 1 of 3

Geology Log VG-06-01 VG-06-01 38.4 a 6 cm graphitic band 38.40 55.20 MAT massive green-grey; occational qtz-carbonate stringers 40.40 FOL 45 narrow sections with weak chloritic alteration; weak foliation 38.4-38.9 broken core 46.80 VQCB 45 53.9-55.2 frequeent qtz-carbonate stringers generally parrallel to foliation 47.2 an 8cm qtz-flooded interval 49.1 calcareous band at 15 o to CA 52.1 a 1cm breccia at 50 o to CA containing a 3cm bleb of Po/Cpy 51.60 VNQZ 45 52.10 BRX 15 qtz-carbonate in-fill 51.6 a 1cm qtz veinlet 55.20 59.95 QFP massive, light to pale grey, phenos to 2mm, weak spotty potassic 54.60 VQCB 60 alteration mn chlorite stringers 59.2-59.95 weakly foliated at 40 o, appearance of biotite 54.90 VQCB 45 55.20 CTC 45 59.95 61.60 MAT 30cm chilled margin 59.70 FOL 40 medium green, weakly chloritic, well foliated, occational quartz-carbonate stringers parallel to foliation 60.40 FOL 45 60.80 VQCB 40 61.60 62.90 QFP massive, phenos to 2mm, trace Py along fractures 61.40 CTC 40 62.90 72.90 MAT massive, medium to dark green, occational quartz-carbonate stringers 62.90 CTC 45 mn Po & Py stringers & fracture filling, mn quartz flooding, weak foliation 70.35-70.5 <1% Po & Py stringers, 5% GARNETS chilled zone 71.60 FOL 45 71.80 FOL 45 72.90 73.90 QFP massive, phenos to 2mm 73.90 CTC 40 72.6-72.7 chilled margin core follows contact from 72.6-72.7, contact irregular 73.90 80.30 MAT massive, medium grey-green 76.7-76.8 graphitic 20% Py, very sharp contacts at 55 o to CA 77.4-80.3 well foliated with colour banding (narrow) caused by narrow mm wide biotitic (brown) concentrated bands, frequent quartz-carbonate stringers parallel to foliation 77.8-77.85 graphitic 77.40 FOL 50 77.80 VQCB 40 78.30 VNPY 50 78.70 VNCB 55 80.30 81.75 QFP massive, medium grey, phenos to 2mm 78.80 FOL 55 81.75 82.60 MAT well foliated banded medium to dark green, carbonate stringers parallel 79.90 FOL 55 to foliation, occational streatched lapilli 82.35-82.6 pyritic chill margin, biotitic 80.50 CTC 65 82.00 FOL 55 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 2 of 3

Geology Log VG-06-01 VG-06-01 82.60 83.55 QFP massive, medium grey, phenos to 2mm occational irregular quartz veinlets to 1cm 85.70 FOL 50 83.55 87.80 MAT 83.55-83.7 chilled margin, biotitic 87.80 CTC 65 medium to dark grey green, weakly chloritic, massive, occational stretched lapilli, occational irregular crbonate stringers fracture filling & stringers parallel to foliation 89.80 FOL 50 90.10 VNQZ 45 90.35 VNQZ 40 87.80 88.15 QFP massive, medium grey, fine grained 91.40 FOL 47 88.15 110.00 MAT medium grey-green. Massive, scattered irregular quartz carbonate 91.80 FOL 55 stringers, mn quartz veinlets to 1cm, trace widely scattered Po as disseminations and occationally as stringers occational bands disseminated with very small garnets. Occational narrow chloritic sections 90.5-90.7 extensive quartz-carbonate flooding, brecciated 107.9-110 well foliated, occational quartz-carbonate stringers parallel to 94.50 FOL 55 95.10 FOL 45 98.00 VNQZ 40 103.60 VNCB 45 108.10 FOL 50 109.70 FOL 60 foliation, frequent narrow garnitiferous bands acsenting foliation trace disseminated Po & Po blebs along edges of quartz-carbonate stringers 108-108.9 frequent carbonate stringers crosscutting foliation & first set of quartz-carbonate stringers which are parallel to foliation crosscutting carbonate stringers occur at 25 o to CA Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 3 of 3

Geology Log VG-06-02 VENCAN GOLD Corporation PROJECT Genoa Township Properties-Swayze Area Ontario Grid Co ordinates (UTM) final Diff. GPS +/ - 1m VG-06-02 Logged By: C. Aussant Depth (m) up-dated Collar 17.0 56.0 Drill Start Date June 16,2006 Northing 5298610.25 Datum NAD 83 HQ From (m) 0.00 To (m) 5.00 Elevation (m) 430.40 Drill Finish Date June 17,2006 Easting 409919.69 zone 17 NQ From (m) 5.00 To (m) 56.00 Base of Oxidation Azm. O Incl. O Elevation 430.40 BQ From (m) TD m. 56.00 350.00-45.0 Drill Company: Bradly Brothers, Timmins, diam. HQ 6.35 cm NQ 4.76 cm BQ cm Comments: -42.9 354.80-42.3 VG-06-02 VG-06-02 0.00 5.00 NR 5.00 26.40 IF Casing MAGNETITE RICH IRON FORMATION massive well foliated/banded, foliation acsented by pyritic/pyrrhotite stringers; magnetite/po matrix with clots and stringers of Py and Po sulphide content variable from 10 to 30%, minor 1/2cm quartz/carbonate veinlets, narrow sections with 5% sphalerite bands; occational silicified (cherty) intervals with Po/Py stringers; foliation generally crenulated 10.75-10.95 siliceous section disseminated with magnetite, occational Py/Po stringers 14.55 a 3cm chlorite/carbonate vein at 47 o to Ca with adjacent sphalerite bands minor galena associated with spha;lerite rich bands 15.6 chlorite/carbonate veinlet 1/2cm wide at 40 o to CA 16.1 quartz/carbonate/sphalerite vein at 30 o to CA 17.0 quartz/carbonate vein with sphalerite clots, 1cm wide at 15 o to CA 17.3 foliation, pyrite stringers and sphalerite bands at 50 o to CA 17.6 quartz/carbonate/chlorite vein 1/2 cm wide at 20 o to CA NOTE: sphalerite tends to occur in the vecinity of or areas intruded by quartz carbonate veins or veinlets. 5.00 9.00 5 20 70 7.00 FOL 55 5014 5.00 6.50 1.50 10 0.3 0.0066 0.0357 0.098 9.00 10.00 30 30 40 8.50 FOL 45 5015 6.50 8.00 1.50 24 0.7 0.0129 0.0168 0.0247 10.00 10.50 5 10 85 11.90 FOL 50 5016 8.00 9.50 1.50 38 0.7 0.0046 0.0016 0.0213 10.50 10.75 10 70 20 15.55 VCBL 47 5017 9.50 11.00 1.50 21 0.8 0.0053 0.0644 0.175 10.75 10.95 1 5 20 15.60 VCBL 40 5018 11.00 12.50 1.50 51 0.7 0.0039 0.0023 0.0231 10.95 14.20 30 30 40 15.90 FOL 50 5019 12.50 14.20 1.70 31 0.9 0.0099 0.0184 0.162 14.20 14.60 10 10 5 50 mn 16.10 VQCB 30 5021 14.20 15.50 1.30 48 2.8 0.0988 0.821 2.4 1.10 2.96 3.70 14.60 17.90 20 5 5 60 mn 17.00 VCBP 15 5022 15.50 17.00 1.50 48 2.4 0.02 1.37 2.97 17.90 19.30 20 20 50 17.30 FOL 50 5023 17.00 17.90 0.90 Nil 1.5 0.0054 1.04 3.74 5024 17.90 19.00 1.10 41 0.4 0.0159 0.0153 0.0441 19.30 19.80 5 5 17.60 VQCB 20 5026 19.00 20.00 1.00 34 0.2 0.0087 0.002 0.0176 19.80 21.00 20 20 60 20.50 FOL 60 5027 20.00 21.50 1.50 Nil 0.3 0.0094 0.0003 0.0216 21.00 21.30 5 3 30 22.00 FOL 60 5028 21.50 23.00 1.50 45 0.3 0.005 0.0001 0.0325 21.30 22.30 20 15 40 23.40 FOL 50 5029 23.00 24.50 1.50 34 0.3 0.004 0.0001 0.0243 22.30 23.25 10 10 40 5030 24.50 25.70 1.20 34 0.4 0.0038 0.0001 0.0125 23.25 23.50 3 5 20 5031 25.70 26.40 0.70 Nil 0.2 0.0011 0.0001 0.0061 23.50 24.80 10 20 40 5032 26.40 28.25 1.85 3 2.5 0.0012 7.24 0.127 7.24 0.13 1.85 19.30 19.80 SIF 19.3-19.8 BANDED IRON FORMATION beige coloured chert bands 24.80 24.95 1 1 10 with intermittent strigers Py/Po 21.00 21.30 SIF 21.0-21.3 BANDED IRON FORMATION 24.95 25.70 10 15 50 23.25-23.5 BIF chert bands with Py/Po stringers, foliated at 50 o to CA 25.70 26.40 10 5 20 24.40 24.47 SIF 24.80 24.95 SIF 25.70 26.40 SIF 24.4-24.47 Lean BIF 24.8-24.95 lean BIF 25.7-26.4 BANDE IRON FORMATION beige coloured chert bands with intermittent Py/Po rich stringer zones Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 1 of 2

Geology Log VG-06-02 VG-06-02 26.40 37.80 META grey-green to green -grey light to medium, weak (variable) chlorite 26.40 28.25 5 2 26.4-29.4 frequent small garnets, well foliated after 30.0 meters colour index increasing increase in chlorite alteration decrease in foliation pronunciation 26.4-28.25 intermittent Py stringers pronouncing foliation; widely spaced narrow quartz flooded sections 27.2 an 8cm wide breccia contains angular siliceous &/or quartz fragment 27.20 BRX 55 and quartz stringers, blebs of galena occur within the breccia as interstitial fillings, contacts at 55 o to CA 27.9-28.25 Breccia at 35-40 o to CA with galena veinlets to 1cm and as interstitial fill,overall 10% galena 30- intermittent randomly oriented quartz/carbonate stringers 30-33 moderately siliceous 36.5-37.4 very fine disseminated Py 28.30 FOL 50 28.20 BRX 55 28.90 VNQZ 20 30.00 FOL 55 30.00 33.00 SILI M 32.30 FOL 55 36.50 37.40 1 37.80 39.25 BIF BANDED IRON FORMATION 37.80 38.70 3 0.5 10 5033 37.80 39.25 1.45 7 2.6 0.0442 0.0932 0.159 beige coloured chert bands with Py/Po rich bands, tr CPY, sulphide content decreasing after 38.7 meters 38.70 39.25 1 1 38.10 FOL 50 5034 39.25 39.90 0.65 14 0.2 0.0013 0.0166 0.0187 5035 39.90 40.20 0.30 3 2.7 0.03 0.0724 0.147 39.25 39.90 META GREYWACKE green-grey massive scattered small garnets 39.90 40.20 BIF BANDED IRON FORMATION 39.90 40.20 1 10 40.20 42.90 META grey-green massive, weak foliation, disseminated with small garnets 40.20 CTC 45 garnet size increasing near Banded Iron Fm contacts 42.90 52.60 BIF BANDED IRON FORMATION well banded chert & Po/Py concentrated 42.90 46.70 1 15 10? 5036 42.90 44.40 1.50 14 3.2 0.0452 0.242 0.556 0.46 0.67 3.00 bands, weak crenulations of banding/foliation, strongly magnetic (probably very fine disseminated magnetite) 44.43-44.61 BRX with sphalerite, galena & CPY at 46.7 meters Po/Py content decreasing 46.70 52.60 0.5 10 1-? 5037 44.40 45.90 1.50 21 3.3 0.126 0.682 0.782 44.20 BAN 45 5038 45.90 47.40 1.50 17 0.4 0.0149 0.0058 0.0285 44.43 44.61 1 4 1 44.43 CTC 40 5039 47.40 48.90 1.50 10 0.4 0.0238 0.0013 0.0227 47.00 FOL 45 5041 48.90 50.40 1.50 10 0.3 0.0153 0.0005 0.0085 52.60 56.00 META massive GREYWACKE disseminated with garnets variable in size and 51.50 FOL 50 5042 50.40 51.90 1.50 Nil 0.3 0.0187 0.0001 0.0046 quantity, weak foliation at 55 o to CA, minor calcite stringers 55.80 FOL 55 5043 51.90 52.60 0.70 21 0.3 0.0177 0.0007 0.0082 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 2 of 2

Geology Log VG-06-03 VENCAN GOLD Corporation PROJECT Genoa Township Properties-Swayze Area Ontario Grid Co ordinates (UTM) final Diff. GPS +/ - 1m VG-06-03 Logged By: C. Aussant Depth (m) Drill Start Date June 17,2006 Northing 5298579.95 Datum NAD 83 HQ From (m) 0.00 To (m) 6.00 Elevation (m) 428.05 Drill Finish Date June 19,2006 Easting 409921.58 zone 17 NQ From (m) 6.00 To (m) 131.00 Base of Oxidation Azm. O Incl. O Elevation 428.05 BQ From (m) TD m. 131.00 up-dated Collar 350.00-45.0 Drill Company: Bradly Brothers, Timmins, diam. HQ 6.35 cm NQ 4.76 cm BQ cm Comments: 17.0 110.0 349.80-44.5-44.7 VG-06-03 VG-06-03 0.00 6.00 NR casing 6.00 25.40 FELT Felsic fragmental 8.70 11.55 <1 <1 6.20 FOL 55 streatched pale grey felsic lapilli fragments in a dark green chloritic garnitiferous matrix garnets to 10mm in size 10% garnets lapilli streatched along foliation lapilli variable in size to 4cm wide across the entire core groundmass disseminated with fine Py or Py clots, occational Po & Po stringers or concentrations, occational Py concentartions sulphide content variable overall generally <1% 11.55-11.65 quartz flooded 11.76-12.05 sphalerite/galena rich interval, galena generally occurs as 11.76 12.05 30 1 3 11.90 FOL 45 5044 11.55 12.70 1.15 17 3.3 0.118 2.42 3.79 2.42 3.79 1.15 clots along calcareous stringer fracture filling 12.35-12.7 core broken, section containing several quartz veins 19.3-21.7 numerous quartz-carbonate filled irregular oriented fractures pink-orange alteration along stringer margins 12.70 16.50 <1 <1 12.50 VNQZ 30 16.50 19.30 1 14.50 FOL 55 22.00 25.40 1 21.9-22.0 BRX core broken obscure contacts 25.40 27.55 MAFD MAFIC DYKE 25.40 CTC 55 massive, aphanetic, very sharp contacts, very weakly magnetic lower contact core broken 27.55 47.95 FELT same as from 6-25.4 meters 27.55-30.1 galena blebs occuring along widely spaced chloritic fractures fractures irregularily oriented 27.55 30.10 1 <1 27.60 FOL 55 5045 27.55 29.00 1.45 Nil 0.5 0.0037 0.272 0.177 30.10 47.95 <1 tr tr 5046 29.00 30.10 1.10 7 0.4 0.0057 0.31 0.328 33.15 sphalerite/galena along irregular fracture 27.55- gradual appearance of garnets within the pale grey felsic lapilli fragments 41.3-43.0 widely spaced 1 to 2mm beige chert beds Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 1 of 3

Geology Log VG-06-03 VG-06-03 after 42.2 gradual decrease in intensity of garnets 47.95 60.15 IF massive, magnetite rich iron formation with Py/Po stringer concentrations 47.95 48.50 10 4 80 1 47.95 CTC 65 5047 47.95 48.50 0.55 31 3.7 0.0275 1.52 2.85 0.37 1.33 2.75 total Py/Po content generally about 30 % contacts very sharp; compositional banding weakly crenulated 47.95-48.5 sphalerite & galena associated with irregular chlorite/calcite stringers 50.3 irregular shpalerite rich stringer 54.35 galena/sphalerite stringers over 5cm 55.1-55.9 numerous sphalerite enriched bands associated with quartz/ carbonate stringers 55.8 galena blebs 48.50 49.20 5 90 5048 48.50 49.20 0.70 45 0.7 0.0054 0.0425 0.169 5049 49.20 50.70 1.50 65 1.6 0.006 0.098 0.466 49.20 55.10 20 tr 10 60 tr 51.00 FOL 60 5051 50.70 52.20 1.50 62 1.1 0.0037 0.0181 0.0781 5052 52.20 53.70 1.50 68 0.7 0.0043 0.0334 0.0662 5053 53.70 55.10 1.40 79 1.3 0.0106 0.27 0.632 1.92 3.32 2.20 5054 55.10 55.90 0.80 45 12 0.294 4.8 8.02 55.10 55.90 25 5 2 60 <1 5055 55.90 57.40 1.50 93 0.7 0.006 0.0345 0.0922 55.90 60.15 25 5 65 5056 57.40 58.90 1.50 75 0.8 0.0032 0.0052 0.0352 5057 58.90 60.15 1.25 86 1.1 0.0084 0.0013 0.0189 60.15 80.50 META Greywacke massive 60.15 60.50 1 5058 60.15 61.15 1.00 27 2.8 0.0837 0.785 2.23 0.79 2.23 1.00 60.5-61.15 sphalerite enriched bands with galena blebs, sphalerite 60.50 61.15 3 <1 4 1 concentartions approximately 10cm wide 61.15 onwards massive, medium grey fine grained, widely scattered intervals containing very small garnets, minor chlorite/carbonate fracture filling, fractures randomly oriented 76.1-78.2 well foliated, tr Py, weak sericite alteration 75.4-75.7 BRX 80.0-80.5 chloritic core broken 77.50 FOL 50 80.2-80.5 follow a galena vein encompassing 1/4 of the width of the core 5059 80.00 80.50 0.50 Nil 9.6 0.0013 12.94 0.0581 4.71 2.10 1.95 80.50 81.95 BIF moderately well compositionally banded, numerous quartz & quartz/ 80.50 81.95 tr 2 5 1 5061 80.50 81.95 1.45 31 7.2 0.246 1.87 2.81 carbonate stringers & veinlets, irregularrly oriented, frequent sphalerite rich stringers generally parallel to banding containing occational galena 81.50 VNSP 30 81.80 BAN 45 rich stringers & chalcopyrite rich concentrations also paralleling foiliation/ banding 81.95 85.45 META massive, frequent carbonate stringers randomly oriented, minor garnets 85.95 86.25 <1 5 <1 85.45 86.25 QTZ numerous quartz veins with sphalerite rich concentated bands 1 to 4cm 85.45 CTC 50 5062 85.45 86.25 0.80 3 3.2 0.042 2.32 2.49 2.32 2.49 0.80 wide along the margins of the quartz veins, occationallly narrow chalcopyrite stringer concentrations and minor galena along fractures seections contains 80% quartz 85.50 VNQZ 55 5063 86.25 86.70 0.45 Nil 0.4 0.0019 0.23 0.0663 85.50 VNSP 55 5066 86.70 88.10 1.40 10 10 0.243 2.28 4.54 2.28 4.54 1.40 85.50 VCPY 55 5065 88.10 89.60 1.50 21 1.6 0.0385 0.0177 0.0792 86.25 86.70 META numerous chlorite filled fractures, core highly broken 5067 89.60 91.10 1.50 7 0.1 0.0141 0.0057 0.0563 86.70 96.70 BIF BANDED IRON FORMATION 86.70 88.10 1 2 4 1 1 5068 91.10 92.60 1.50 Nil 0.1 0.0111 0.0042 0.0203 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 2 of 3

Geology Log VG-06-03 VG-06-03 86.7-88.1 freguent irregularly oriented sphalerite rich stringer concentration occational chalcopyrite bands and scattered galena along fractures galena directly associated with the shalerite 88.1 distict compositional layering, widely spaced Po rich intervals, scattered narrow Py enrich layers, strongly magnetic, Po enriched 88.10 96.70 2 tr 30 5069 92.60 94.10 1.50 7 0.1 0.0118 0.0015 0.0239 5070 94.10 95.60 1.50 Nil 0.4 0.011 0.0004 0.0066 5071 95.60 96.70 1.10 10 0.5 0.028 0.0007 0.0141 89.40 BAN 55 89.40 VNPY 55 bands upto 20 cm wide, fine disseminated Po throughout 87.8-87.9 10cm BRX 89.3 trace CPY within Po enriched section 92.00 BAN 40 95.00 BAN 45 96.70 105.60 META massive medium grey-green 96.7-99.6 abscure garnets throughout 99.6-103.7 weakly chloritic with intervals well foliated, trace Py blebs, 103.7 massive abscure garnets to 5mm size 101.00 FOL 50 106.30 BAN 45 105.60 121.65 BIF BANDED IRON FORMATION 105.60 121.65 <1 tr 20 107.00 BAN 55 5072 105.60 107.00 1.40 Nil 0.1 0.007 0.0006 0.0028 strongly magnetic, well banded (compositional layering) at 55 o tp CA trace Cpy occational quartz veinlets & flooding with no prefered orientation Cpy generally consentrated as thin stringers along bedding planes 113.00 BAN 42 5073 107.00 108.50 1.50 Nil 0.2 0.0125 0.0001 0.004 117.50 BAN 45 5074 108.50 110.00 1.50 24 0.7 0.0451 0.0031 0.239 5076 110.00 111.50 1.50 10 0.4 0.0396 0.0012 0.0256 5077 111.50 113.00 1.50 17 0.3 0.0058 0.0004 0.0059 121.65 131.00 META massive greywacke, medium grey to green, occational multidirectional 125.00 FOL 45 5078 113.00 114.50 1.50 14 1.5 0.048 0.0013 0.169 quartz-carbonate veinlets (to 1/2 cm) & stringers, very weak chlorite altn trace Py blebs 121.65-126.0 moderately well foliated 128.0-131.0 very fine biotite giving core a brownish tinge 127.9 1/2 cm Po rich band parallel to foliation 129.00 FOL 50 5079 114.50 116.00 1.50 10 0.1 0.0092 0.0008 0.0043 5081 116.00 117.50 1.50 10 0.8 0.0155 0.0088 0.0219 5082 117.50 119.00 1.50 7 0.2 0.0088 0.0177 0.0825 5083 119.00 120.50 1.50 21 1.5 0.0427 0.0407 0.23 5084 120.50 121.65 1.15 7 0.4 0.0292 0.0015 0.0756 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 3 of 3

Geology Log VG-06-04 VENCAN GOLD Corporation PROJECT Genoa Township Properties-Swayze Area Ontario Grid Co ordinates (UTM) final Diff. GPS +/ - 1m VG-06-04 VG-06-04 Logged By: C. Aussant Depth (m) up-dated Collar 7.0 173.0 Drill Start Date June 19,2006 Northing 5298550.42 Datum NAD 83 HQ From (m) 0.00 To (m) 4.00 Elevation (m) 426.72 Drill Finish Date June 22,2006 Easting 409923.70 zone 17 NQ From (m) 4.00 To (m) 173.00 Base of Oxidation Azm. O Incl. O Elevation 426.72 BQ From (m) TD m. 173.00 350.00-45.0 Drill Company: Bradly Brothers, Timmins, diam. HQ 6.35 cm NQ 4.76 cm BQ cm Comments: 356.60-44.8 356.20-44.7 VG-06-04 0.00 4.00 NR 4.00 4.30 FET 4.30 5.90 FELT casing pale grey well colour banded dark pink-greg-green with pale grey felsic fragments scattered throughout lapilli fragments to 2cm wide stretched along foliation planes lapilli in a matrix of green chloritic fine grained material with extensive pink garnets to 4mm size 5.90 6.90 FET same as 4.0-4.3 meter interval 6.00 BAN 55 6.90 7.30 FELT same as 4.3-5.9 meter interval 7.30 12.50 FET well banded felsic tuff 7.30 12.50 SILI M 9.00 BAN 60 siliceous, weak sericite alteration 7.30 12.50 SRCT W 11.00 BAN 60 limonite along fracture planes to 26 meters, amount progressively decreasing 9.50 9.60 FELT 9.85 10.25 9.5-9.6 garnitiferous, garnets to 4mm, dark green, chloritic FELT 9.85-10.25 garnetiferous, minot Py stringers to 4mm, dark green, chloritic 11.9-12.2 mn very small garnets 12.50 16.20 FELT same as 4.3-5.9 meter interval 15.1-15.3 irregular quartz vein/flooding 15.3-15.45 disseminated Po 16.20 21.30 FET well banded pale to medium grey, weak sericite alteration, trace to mn 16.20 21.30 SRCT W 16.50 BAN 65 disseminated Py 20.00 BAN 58 narrow intervals with 1% fine disseminated Py 21.30 22.50 MAFD massive, dark green 22.50 49.4 FET same as 16.2-21.3 meters; massiive, well banded, weak sericite alteration 22.50 SRCT W 22.50 CTC 55 beige to pale to light grey colour banding, minor massive white quartz veins & flooding, qtz veins generally parallel to banding, tr very widely scattered Py after 35 meters becoming slightly harder (siliceous) 24.00 BAN 65 25.00 BAN 50 29.00 BAN 50 32.00 BAN 50 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 1 of 6

Geology Log VG-06-04 VG-06-04 after 36 meters banding slightly convoluted 35.00 BAN 55 45.5-47.5 appearance of pale grey siliceous felsic lapilli stretched along banding/bedding direction 48.1-48.35 pale grey-apple green colour, numerous irregular carbonate stringers 48.35-48.55 interval containing stringers of sphalerit/galena parallel to 38.00 BAN 55 41.00 BAN 55 44.00 BAN 55 47.30 BAN 50 48.35 48.55 5 2 49.50 BRX 45 colour banding/bedding 49.15 a 31/2 cm wide Breccia at 45 o to CA 48.7-49.4 gradual increase in colour index 49.40 61.30 FELT massive felsic fragmental mottled grey green, garnetiferous, lapilli fragments streatched along foliation directiongarnets to 4mm minor disseminated Py, widely spaced intervals containing disseminated and blebs or stringer concentartions of Po lapilli are pale grey (frequently containing garnets) within a dark mottled pink and green chloritic matrix sections where the garnets become quite obscure 53.2 a 1cm Py concentrated band parallel to foliation 50.00 FOL 50 53.00 FOL 45 54.45 54.60 QTZ 54.45-54.6 quartz vein, massive white, irregular contacts 57.00 FOL 45 56.1-56.6 strongly magnetic, section disseminated with Po 58.1-59 magnetic, section with rapid change in foliation direction, diss Po & magnetite 58.30 FOL 45 58.50 FOL 30 58.90 FOL 45 61.30 63.85 MAFD massive, dark green with mauve coloured arillic alteration (weak) 61.30 CTC 35 sections weakly magnetic 61.3 chilled contact at 35 o to CA weakly foliated at 65 o to CA, weak chlorite alteration 63.85 66.90 QTZ massive white quartz, occational FELT inclusions upto 6cm wide 5085 63.85 65.40 1.55 Nil 0.1 0.0007 0.0014 0.0059 irregular contacts 5086 65.40 66.90 1.50 3 0.1 0.0003 0.0009 0.0014 66.90 70.90 FELT felsic fragmental, pale grey felsic lapilli fragments within a dark grey green 66.90 70.90 3 10 matrix, disseminated with 3% Py as blebs & stringer consentrations lapilli fragments stretched pronouncing foliation 67.6-70.9 strongly magnetic 69.00 FOL 45 70.90 72.65 IF massive strongly magnetic contains irregular inclusions of MAFD 70.90 72.65 20 20 5 72.25 CTC 40 5087 70.90 72.65 1.75 Nil 0.9 0.0206 0.152 0.068 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 2 of 6

Geology Log VG-06-04 VG-06-04 72.05 72.25 MAFD 72.05-72.25 MAFD? No sulphides, sharp contacts at 40 o to CA 72.20 FOL 40 weakly foliated at 40 o to CA 75.85 VNQZ 20 72.65 78.50 MAFD 72.65-75.35 massive dark green-grey to black grey mn diss Py 76.15 VNQZ 20 72.65-72.75 minor quaetz flooding 75.35-75.55 aphanetic 75.55-78.85 MAFD 77.00 VNQZ 25 77.90 VNQZ 45 78.50 CTC 60 75.85-76.25 follow 2 quartz veins at 20 o to CA 77.0-77.9 quartz vein contacts at 25 & 45 o to CA, massive white with chloritic fractures and MAFD inclusions 5088 77.00 77.90 0.90 3 0.1 0.0005 0.0015 0.0055 78.50 96.90 IF massive Magnetite/sulphide rich IRON FORMATION 78.50 79.35 20 20 30? 5089 78.50 80.00 1.50 31 9.2 0.269 3.01 3.81 2.10 2.34 8.70 IF (Sulphide) contact at 78.5 meters irregular but overall at 60 o to CA 78.5-79.35 BIF Py stringers pronouncing foliation, foliation highly convoluted, small scale folding evident 79.35-79.6 calcareous matrix 79.35 79.60 20 20 5 5090 80.00 81.00 1.00 21 22.8 1.93 2.14 4.07 5091 81.00 82.50 1.50 24 9.3 0.149 6.25 2.54 5092 82.50 84.00 1.50 21 2 0.132 0.166 0.349 5093 84.00 85.50 1.50 24 3.3 0.141 0.46 1.58 79.60 80.00 MAFD 79.6-80 MAFD 79.60 80.00 tr 5094 85.50 87.20 1.70 Nil 1.6 0.01 0.74 2.26 at 80.0 a 11/2 cm quartz/carbonate veinlet at 75 o to CA 80.0-87.2 calcareous, numerous micro-calcite stringers/fracture filling, scattered multidirectional generally <1/2cm carbonate stringers, occationally to 2cm wide, sphalerite blebs directly associated with the carbonate veinlets, with sphalerite enrichment throughtout interval shows convoluted foliation & small scale folding 82.3- a 10 cm concentartion of galena 87.2-96.9 foliation regular but weakly crenulated, non calcareous 91.95-92.15 chert bands 80.00 80.95 5 4 5 30? 1 5095 87.20 88.70 1.50 14 0.7 0.0093 0.0188 0.0773 80.95 87.20 20 <1 <1 20? <1 5096 88.70 90.20 1.50 21 0.4 0.0078 0.0014 0.0404 5097 90.20 91.70 1.50 17 0.3 0.0069 0.0008 0.0303 5098 91.70 93.20 1.50 Nil 0.2 0.005 0.0001 0.025 5099 93.20 94.70 1.50 21 0.7 0.0064 0.0001 0.0253 5101 94.70 95.70 1.00 Nil 1.1 0.0041 0.0139 0.0684 86.00 FOL 55 5102 95.70 96.90 1.20 17 5.6 0.288 0.546 0.534 87.20 95.30 20 25? 89.00 FOL 55 91.20 FOL 50 95.30 95.65 QFP 95.3-95.65 QFP massive light grey, feldspar phenos to 3mm 95.65 96.40 20 25? 92.00 BAN 58 95.65-96.4 well foliated 96.4-96.9 frequent chert beds alternating with sulphide enriched layers sphalerite, Cpy & galena concentrations over last 20cm of interval 95.65 CTC 50 96.40 96.90 10 3 3 15 1 96.10 FOL 50 96.50 BAN 50 with associated quartz flooding very sharp contact 96.90 109.95 META massive greywacke, greenish grey, minor garnets (small) mn mm scale 96.90 101.60 CHLR W 96.90 CTC 45 multidirectional quartz/carbonate fracture fill, chlorite along 101.60 103.25 CHLR M 99.00 FOL 50 foliation/fractures planes (weak) 103.25 109.95 CHLR W Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 3 of 6

Geology Log VG-06-04 VG-06-04 98.15 a 21/2 cm QFP at 45 o to CA unit becomes progressively more chloritic, gradual increase in colour index 103.25 103.50 QFP contacts very sharp but slightly irregular 103.25 CTC 55 109.95 110.35 FP massive, feldspar phenos to 3mm, mn disseminated Py 103.50 CTC 70 110.35 111.10 META medium grey green, occational quartz/carbonate stringers & fracture fill 110.35 111.10 CHLR M 109.95 CTC 65 111.10 118.20 BIF BANDED IRON FORMATION 111.10 112.00 mn 1 3 tr? 110.50 CTC 55 5103 111.10 112.70 1.60 17 17.5 0.486 1.44 3.14 0.89 2.07 7.90 sharp contacts, distinct compositional/colour banding moderately to strongly magnetic 111.1-114.3 frequent mm size sphaletite rich bands, scattered Cpy clots and stringers all parallel to banding, chloritic along fracture planes 111.4 a 2cm quartz vein parallel to banding 111.6-112 three 2 to 5cm wide quartz veinlets at 30 o to CA, numerous quartz/carbonate microfracturres crosscutting banding & quartz veins 112-112.15 chloritic with associated sphalerite & galena along calcareous fractures 111.10 CTC 60 5104 112.70 114.30 1.60 7 4.3 0.051 1.57 3.27 111.40 VNQZ 40 5105 114.30 115.00 0.70 Nil 2 0.0019 0.86 0.561 111.40 BAN 40 5106 115.00 116.60 1.60 10 2.1 0.0186 0.696 2.7 5107 116.60 118.20 1.60 27 3.2 0.0626 0.265 0.636 5108 118.20 119.00 0.80 Nil 0.4 0.0046 0.0712 0.462 111.60 VNQZ 30 111.80 VNQZ 30 112.00 112.15 tr tr 112.00 VQCB 75 112.15 114.30 <1 <1 2 tr? 113.00 BAN 80 112.25 a 3cm Cpy rich/sphalerite band at 80 o to CA 114.3-115.0 chloritic, massive, dark green, containing angular fragments 114.30 115.00 <1 <1 114.20 BAN 75 of pale grey chert 115.0-118.2 compositional colour banding with widely separated Po enriched layers & sphalerite blebs; occational Cpy stringers multidirectional 115.00 118.20 <1 <1 3 5 116.00 BAN 70 117.20 BAN 45 occational quartz/carbonate stringers & veinlets multidirectional- sphalerite associated with the veinlets 115.0-115.1 sphalerite enriched band 118.20 133.45 META dark to moderate grey green, massive, sections with scattered chlorite blebs (Possibly a mixed section of mafic dyke & metasediments-greywacke) numerous mulidirectional quartz/carbonate stringers (fracture fill) & veinlets 122.0-=128.5 sections with distict chlorite blebs (possible mafic dyke) 133.45 135.40 BIF BANDED IRON FORMATION 133.45 135.40 tr tr 1 tr? tr 5109 133.45 134.40 0.95 3 0.2 0.0039 0.074 0.132 0.55 0.86 15.55 distict rythmic compositional layering, strongly magnetic Cpy/PbS/ZnS associated as blebs with quartz/carbonate stringers minor sphalerite enriched stringers parallel to bedding (colour banding) 133.50 BAN 50 5110 134.40 135.40 1.00 7 0.9 0.0121 0.408 0.716 5111 135.40 136.60 1.20 3 2.8 0.0015 2.35 0.209 135.30 BAN 40 5112 136.60 137.50 0.90 Nil 0.2 0.0066 0.065 0.259 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 4 of 6

Geology Log VG-06-04 VG-06-04 135.40 136.60 META dark grey-green; quartz carbonate stockwork of veinlets througout section 135.40 136.60 mn mn mn 2 5113 137.50 139.25 1.75 3 0.5 0.0107 0.212 0.615 minor Sphalerite/Cpy disseminations 135.9-136.3 large galena clots and Py clots along periphery of quartz/carbonate flooding 5114 139.25 140.25 1.00 45 12 0.168 1.33 3.72 5115 140.25 141.30 1.05 10 0.4 0.008 0.211 0.266 5116 141.30 142.40 1.10 Nil 0.7 0.0062 0.0273 0.0908 136.60 149.00 BIF BANDED IRON FORMATION 136.60 137.50 <1? 5117 142.40 143.70 1.30 3 4.5 0.0768 0.626 1.75 136.6-137.5 strongly magnetic; numerous multidirectional quartz/carbonate stringers/fracture fill sphalerite blebs & occationally stringer clots parallel to banding; sphalerite blebs associated with carbonate stringers 5118 143.70 145.30 1.60 3 1.3 0.0137 0.372 0.932 5119 145.30 147.00 1.70 7 2 0.0216 0.173 0.538 5121 147.00 148.00 1.00 21 7.2 0.0564 0.518 1.58 5122 148.00 149.00 1.00 10 1.9 0.0147 0.322 0.593 137.5-139.25 well banded lean BIF. Occational quartz/carbonate stringers 137.50 139.25 tr <1 tr? containing blebs sphalerite; trace sphalerite along bedding planes 139.25-140.25 well banded alternating chert & sulphide rich horizons 138.00 BAN 55 139.25 140.25 3 <1 5 10? 139.60 BAN 40 acsenting colour banding; occational Cpy stringers-multidirectional spalerite bands parallel to bedding; occational crosscutting quartz/ carbonate veinlets displacing sulphide rich bands by upto 2cm 140.25-142.4 well banded lean BIF occational Po enriched stringers parallel to banding/bedding occational crosscutting fractures displacing banding/bedding by 1cm 140.25 142.40 tr <1 <1? tr 140.40 BAN 40 140.70 BAN 45 141.50 BAN 30 trace galena along crosscutting carbonate stringers; minor sphalerite stringers parallel to banding 142.4 well colour banded, sudden changes in orientation of banding/bedding implying small scale folding, numerous quartz/carbonate veinlets 142.40 143.70 1 2 4 10? <1 142.50 BAN 40 142.90 BAN 5 crosscutting banding with small scale displacement of beds Po enriched bands parallel to bedding multidirectional Po/Cpy(tr) stringers, trace galena associated with occational crosscutting stringers occational sphalerite enriched bands parallel to bedding 143.7-149.0 lean BIF, well compositional layering, occational quartz/carbonate veinlets & irregular stringers sphalerite blebs associated with veinlets widely scattered multidirectional sphalerite veinlets, occational crosscutting carbonate stringers displacing banding (1cm displacement) orientation of copositional banding less variable very rythmic 143.10 BAN 20 1`43.7 147.00 tr tr 2 tr? tr 143.60 BAN 0 147.00 149.00 3 mn 2 10? 143.80 BAN 45 144.00 BAN 50 145.80 BAN 50 146.60 BAN 50 147.10 BAN 50 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 5 of 6

Geology Log VG-06-04 VG-06-04 after 147 meters appearance of wide sulphide rich bands 147.80 BAN 40 149.00 169.00 META 149.0-149.3 ground core 148.50 BAN 50 massive greywacke, weak foliation, sections weakly biotitic giving core a brownich tinge, occational multidirectional carbonate stringers amount decreasing downhole 150.00 FOL 50 154.50 FOL 65 166.00 FOL 55 149.0-150.0 moderately well foliated after 150.0 weak foliation acsented where increase in biotite content minor widely scattered Py blebs; sections weakly chloritic minor scattered garnets-widely spaced sections of garnet concentrations 169.00 CTC 55 158.6 minor sphalerite/galena along siliceous fracture 158.6-162.9 medium grey chloritic frequent quartz/feldspar filled fractures 162.9-165.65 chloritic, weak foliation, widely scattered galena/sphalerite along microfractures 165.65-167.25 chloritic, minor disseminated Po, occational sphalerite lined multidirectional stringers 5408 161.40 162.90 1.50 7 0.2 0.005 0.022 0.096 5404 162.90 164.10 1.20 2 0.5 0.010 0.154 0.569 5405 164.10 165.65 1.55 27 0.3 0.010 0.029 0.026 5406 165.65 167.25 1.60 3 0.5 0.020 0.268 1.540 1.540 1.6 5407 167.25 169.00 1.75 Nil 0.4 0.013 0.145 0.498 167.25-169.0 occational sphalerite with trace Cpy filled fractures 169.00 171.60 QFP massive mottled grey, feldspar phenos to 3mm 171.60 CTC 70 171.60 173.00 META same as 149.0-169.0 172.00 FOL 70 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 6 of 6

Geology Log VG-06-05 VENCAN GOLD Corporation PROJECT Genoa Township Properties-Swayze Area Ontario Grid Co ordinates (UTM) final Diff. GPS +/ - 1m Logged By: VG-06-05 C. Aussant Depth (m) Drill Start Date June 22,2006 Northing 5298519.52 Datum NAD 83 HQ From (m) 0.00 To (m) 4.00 Elevation (m) 421.52 Drill Finish Date June 24,2006 Easting 409927.51 zone 17 NQ From (m) 4.00 To (m) 197.00 Base of Oxidation Azm. O Incl. O Elevation 421.52 BQ From (m) TD m. 197.00 up-dated Collar 360.00-45.0 Drill Company: Bradly Brothers, Timmins, diam. HQ 6.35 cm NQ 4.76 cm BQ cm Comments: 17.0 89.0 358.10-45.0-43.6 197.0 358.80-43.1 VG-06-05 VG-06-05 0.00 4.00 NR Casing 4.00 5.70 FET pale to light grey well foliated weakly sericitic felsic fuff 4.00 5.70 SRCT M 4.50 FOL 55 5.70 6.90 MAFD dark green, highly fractured, rusty staining along fracture planes 5.70 CTC 35 6.90 21.00 FET same as 4.0-5.7 rythmic colour banding pronouncing foliation 6.90 21.00 SRCT M 10.20 10.55 MAFD same as 5.7-6.9 rusty stained along fracture planes 18.00 FOL 55 21.00 25.10 FELT massive, mottled pink/dark green with pale grey felsic bands and lapilli 21.00 25.10 CHLR M fragments, lapilli streatched along foliation direction, stretched lapilli & 23.00 FOL 55 narrow felsic tuff beds pronouncing foliation garnets to 3mm; minor calcite fracture fill; minor quartz veining/flooding 25.10 29.60 FET same as 6.9-21.0 except with a slight increase in pale grey felsic tuff 25.10 29.60 SRCT M content 29.00 FOL 55 29.60 42.90 FELT same as 21.0-25.1 29.60 42.90 CHLR M 29.60 CTC 45 29.6 very sharp contact minor carbonate fracture fill and stringers, pale grey streatched lapilli stratched along foliation direction pronouncing foliation; mm to cm wide 30.00 FOL 45 32.00 FOL 47 40.00 FOL 50 beds of pale grey felsic tuff same compositio as the lapilli- pronouncing foliation; minor irregular quartz veinlets 42.90 43.50 FET same as 25.1-29.6 meters 42.90 43.50 SRCT 43.50 46.60 FELT same as 29.6-42.9 meters 43.50 46.60 CHLR 46.60 47.75 FET same as 42.9-43.5 meters 46.60 47.75 SRCT 47.75 48.20 FELT same as 43.5-46.6 meters 47.75 48.20 CHLR W M W M 48.20 52.50 FET light to medium grey; moderate to strongly sericitic; well colour banded; 48.20 52.50 SRCT M 50.00 FOL 55 trace to minor garnets 52.30 FOL 55 minor disseminated Py generally within darker bands; pale grey felsic bands & lapilli similar to the lapilli found in the FELT unit 52.50 53.65 QFP massive; feldspar phenos to 3mm 52.50 CTC 40 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 1 of 6

Geology Log VG-06-05 VG-06-05 52.5 CTC at 40 o to CA subparallel to foliation 53.65 CTC 35 53.65 CTC at 35 o to Ca subparallel to foliation 53.65 55.95 FET same as 48.2-52.5 meters 53.65 55.95 SRCT W 55.50 FOL 45 55.95 59.15 FELT same as 47.75-48.2 meters; trace disseminated Py 55.95 59.15 CHLR M 58.50 FOL 50 59.15 63.45 FET becoming paler grey downhole; colour banding becoming more rythmic 59.15 63.45 SRCT S 60.00 FOL 50 downhole 62.20 FOL 45 63.45 64.10 MAFD mottled light to medium grey; 1% disseminated Py; occational calcite 63.45 64.10 CHLR W 63.45 64.10 1 64.10 CTC 75 flooding; minor quartz/carbonate veinlets, weak chlorite alteration 64.1 CTC at 75 o to CA crosscutting foliation 64.10 66.50 FET pale grey/beige with occational medium grey chloritic bands, centarl 64.10 66.50 SRCT W 64.90 FOL 45 portion of the unit contains numerous multidirectional quartz/carbonate stringers & veinlets; trace Py associated with quartz/carbonate veinlets 66.30 FOL 30 66.50 CTC 50 weak to moderite sericitic alteration 66.50 67.00 MAFD medium to dark green, massive 66.50 67.00 CHLR M 66.50 67.00 1 67.00 CTC 30 1% disseminated Py, chloritic 66.5 CTC at 50 o to CA oblique to foliation 67 CTC at 30 o to CA parallel to foliation 67.00 67.85 FET light grey to beige mottled medium grey 67.00 67.85 SRCT W 67.80 FOL 20 minor quartz/carbonate veinlets 67.85 CTC 50 weak to moderate sericitic alteration 67.85 69.25 MAFD medium to dark green; chloritic; minor quartz/carbonate flooding 67.85 69.25 CHLR M trace to minor disseminated Py 67.85 CTC at 50 o to CA oblique to foliation 69.40 FOL 30 71.00 FOL 70 69.25 CTC irregular crosscutting foliation; FET fragmnets with the MAFD near the contact boundary 69.25 89.10 FET medium grey with narrow pale grey bands pronouncing foliation, 69.25 89.10 SRCT M colour index decreasing downhole after 71 meters unit becomes pale grey to beige in colour with medium grey mottling; contains sections with banding much more pronounced & rythmic occational quartz veinlets 80.3- a 6 cm massive white quartz vein, irregular contacts 76.80 FOL 70 79.90 FOL 60 82.80 FOL 55 86.00 FOL 53 80.0-80.8 frequent dark green chlorite stringers lining fracture planes 84.1-84.35 massive white quartz irregular contacts Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 2 of 6

Geology Log VG-06-05 VG-06-05 89.10 94.80 QFP massive, phenos to 3mm, speckled with white micaceous flakes, trace 89.10 94.80 SRCT W 89.10 CTC 40 disseminated Py; occational quartz veinlets; calcite fracture fill 5cm borders of the dyke cintacts area fine grained 94.8 irregular contact; FELT fragments within the QFP along the contact margin 94.80 105.10 FELT mottled green pink with pale grey stretched lapilli; minor disseminated PY 94.80 105.10 CHLR M 98.70 104.00 <1 1 97.50 FOL 60 and Py blebs, garnets to 2mm with frequent obscure garnets in the chloritic 100.00 FOL 60 groundmass at 98.7 progressive increase in sulphide content with appearance of Po 104-105.1 frequent sulphide rich bands gradual contact with IF; sulphide bands pronouncing foliation, interval contains sphalerite enriched bands 104.00 105.10 5 1 20 5123 104.00 105.10 1.10 24 0.1 0.0053 0.116 0.0539 104.30 FOL 70 5124 105.10 106.60 1.50 38 0.1 0.0068 0.0011 0.0193 105.10 122.70 IF massive, well foliated; foliation acsented by sulphide bands 105.10 111.50 25 30? 5126 106.60 108.10 1.50 48 0.3 0.0072 0.0001 0.02 105.1-111.5 section with several chloritic intervals which are garnitferous and contain only 5% combimbined sulphides; occational upto 7cm wide chert beds 105.9-106.2 chloritic, garnitiferous 2% Py 109.6-109.9 chloritic, garnitiferous 5% Py/Po 110.15-110.35 chloritic, garnetiferous 111.5-119.5 massive IF 114.5-119.5 sulphide foliation slightly crenulated 119.5-122.7 section with occational chert beds upto 10cm wide, slight decrease in sulphide content 5127 108.10 109.60 1.50 3 0.2 0.0061 0.0001 0.0298 5128 109.60 111.10 1.50 31 0.3 0.0059 0.0001 0.0318 5129 111.10 112.60 1.50 3 0.2 0.0051 0.0001 0.0385 5130 112.60 114.10 1.50 38 0.4 0.006 0.0001 0.0356 109.00 FOL 80 5131 114.10 115.60 1.50 38 0.3 0.0061 0.0003 0.0371 5132 115.60 117.10 1.50 48 0.2 0.0069 0.0003 0.0348 111.50 119.50 30 40? 111.70 FOL 65 5133 117.10 118.60 1.50 51 0.4 0.006 0.0002 0.0395 114.10 FRC 40 5134 118.60 120.10 1.50 34 0.2 0.0045 0.0002 0.0337 119.00 122.70 30 25? 117.60 FOL 65 5135 120.10 121.60 1.50 38 0.3 0.0057 0.0001 0.0323 5136 121.60 122.70 1.10 41 0.9 0.0129 0.324 0.602 0.23 0.50 2.55 120.85 121.10 QFP massive QFP dyke, phenos to 5x3mm; mn fine disseminated Py 121.10 CTC 65 5137 122.70 124.15 1.45 Nil 0.2 0.0061 0.16 0.415 122.70 133.40 META 122.7-124.15 occational sphalerite enriched stringers generally parallel to 122.70 124.15 <1 tr <1 tr bedding & associated with fracture fill calcite with trace galena & Cpy 122.7-126.2 very well foliated, occational large garnets dark to medium 124.70 FOL 65 grey green, colour index progressively increasing 126.2-131.0 massive greywacke, scattered calcite fracture fill, weak foliation 128.90 FOL 75 medium grey green 131.0-133.4 well foliated variable colour banding pronouncing foliation 131.40 FOL 70 progressive decrease in colour index, sections with weak sericite alteration along selective compositional layers, narrow bioitic beds 133.40 135.25 BIF BANDED IRON FORMATION 133.40 134.60 tr <1 20 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 3 of 6

Geology Log VG-06-05 VG-06-05 133.4-134.6 frequent quartz flooding, numerous Po enriched bands, minor Cpy generally associated with mm size carbonate fracture fill 135.25 137.30 META medium grey-green; colour index decreasing downhole; occational 135.40 FOL 55 calcite fracture fill; garnets at start of unit, well foliated at beginning of unit weak to moderate chlorite alteration contacts distinct at 55 o to CA 137.30 139.60 BIF BANDED IRON FORMATION 137.30 138.10 1 tr tr 5 137.60 FOL 45 137.3-138.1 good regular compositional banding; occational quartz veinlets parallel to bedding 138.1 breccia 2cm wide 138.1-139.6 BIF with sections highly fractured, extensive quartz & quaretz carbonate flooding & numerous multidirectional veining numerous sphalerite stringers with associated Cpy blebs & stringers occational clots galena within carbonate veinlets, evidence of small scale floding & movement along fractures 5138 133.40 134.60 1.20 17 0.4 0.072 0.0017 0.052 5139 134.60 135.25 0.65 10 0.2 0.0088 0.0132 0.0347 5141 137.30 138.10 0.80 7 0.5 0.0156 0.0423 0.0544 138.10 139.60 1 1 5 3 <1 5142 138.10 139.60 1.50 31 14.6 0.856 1.16 2.76 1.29 1.83 10.20 5143 139.60 141.30 1.70 7 0.2 0.0069 0.201 0.0188 5144 141.30 142.80 1.50 14 2 0.0263 0.836 2.31 5145 142.80 144.30 1.50 14 0.7 0.012 0.0406 0.0996 5146 144.30 145.60 1.30 21 2.5 0.0883 0.328 0.66 139.60 141.20 QFP light grey highly fractured, chlorite lining fracture planes, phenos widely 5147 145.60 146.20 0.60 3 5.6 0.0026 8.11 0.576 scattered upto 3mm diameter; weak sericite (disseminated white mica) 5148 146.20 147.30 1.10 Nil 42 1.72 1.7 3 141.20 148.30 BIF BANDED IRON FORMATION 141.30 145.60 <1 <1 3 3 tr 141.30 CTC 48 5149 147.30 148.30 1.00 14 12.4 0.506 2.64 6.1 141.20 14.30 MAFD dark green massive mafic dyke; contact with QFP ground 141.3 triangular wedge of sphalerite rich BIF bounded by MAFD uphole 141.35 CTC 55 and a 15cm BRX downhole contact with MAFD parallel to bedding BRX contact cuts across bedding at 55 o to CA sphalerite rich zone 10cm wide adjacent to lower contact with BRX, contact ground 141.6-146.2 massive BIF compositional layering ruthmic, occational quartz & quartz/carbonate fractures & veinlets; small scale displacement evident along some of the fractures; core very competent, changes in foliation gradual, folding evident near central portion of the unit along with increase in galena clots associated with calcite veinlets 145.6-146.2 drilling nose of fold, ewxtensive carbonate veinlets multidirectional containing large clots of galena 146.2 fold nose-core cuts fold foliation curviture 142.30 FOL 45 142.80 FOL 35 142.90 FOL 45 143.50 FOL 35 145.00 FOL 25 145.60 146.20 tr tr <1 tr 5 145.50 FOL 10 146.00 FOL 15 146.20 146.50 2 tr 146.10 FOL 20 Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 4 of 6

Geology Log VG-06-05 VG-06-05 143.6-143.9 fold nose core cuts foliation curviture 146.2-148.3 occational quartz veins; frequent sphalerite bands generally parallel to foliation with associated Cpy stringers and clots widely spased bands of sulphide concentrations parallel to banding 146.40 FOL 30 146.50 146.80 mn 10 3 60 146.50 FOL 30 146.80 148.30 <1 1 5 <1 mn 146.85 FOL 38 147.10 FOL 33 148.30 149.00 META greywacke massive minor disseminated Py 147.40 FOL 40 149.00 157.30 MAFD massive, mottled grey green; scattered cjhlorite clots to smm diameter 149.00 157.30 CHLR M 148.00 FOL 50 151.0 a 15cm graywacke? Foliation at 55 o to CA weak biotite giving core a brownish tinge 148.30 CTC 50 151.00 FOL 55 155.5-155.6 greywacke? 156.0-157.1 numerous calcite stringers with pink haloes along stringer edges 157.3 contact obscure 157.30 162.30 META massive greywacke; medium grey-green possibly a mixture of greywacke 157.30 162.30 CHLR W 158.00 FOL 70 and above mafic dyke, narrow intervals foliated; trace widely scattered Py generally associated with calcite stringers 162.05 minor galena with calcite flooding 162.3 sharp contact with BIF core broken 162.30 177.60 BIF BANDED IRON FORMATION 162.30 165.25 tr tr tr? 5151 162.30 163.80 1.50 3 0.1 0.0041 0.0644 0.213 0.56 8.30 162.3-165.25 lean BIF well banded weak sericite alteration along selective compositional layers scattered carbonate microfractures 162.3-162.5 minor sphalerite clots 165.25-166.25 numerous sphalerite bands & stringers, frequent Po rich bands parallel to compositional layering; galena blebs associated with calcite stringers & flooding 166.25-174.1 lean BIF well banded, sericite along selective compositional layers 166.9 sphalerite stringers parallel to bedding 169.5 sphalerite stringers parallel to bedding 174.1-177.6 lean BIF; increase in Po enriched bands; foliation slightly convoluted; occational sphalerite stringers; occational quartz/calcite 5152 163.80 165.25 1.45 Nil 0.1 0.0112 0.0628 0.164 5153 165.25 166.25 1.00 24 10.8 0.0806 1.16 3.34 5154 166.25 167.70 1.45 7 0.2 0.0043 0.0784 0.252 5155 167.70 169.10 1.40 27 0.4 0.013 0.0049 0.0812 165.25 166.25 <1 mn 5 10? mn 5156 169.10 170.60 1.50 3 0.9 0.0263 0.0195 0.155 5157 170.60 172.10 1.50 Nil 0.7 0.0118 0.0001 0.0158 5158 172.10 173.00 0.90 7 0.3 0.0056 0.0001 0.0052 166.25 174.10 <1 mn <1? 169.30 FOL 55 5159 173.00 174.10 1.10 7 0.4 0.0034 0.0211 0.0533 171.10 FOL 60 5160 174.10 175.60 1.50 7 4 0.0253 0.279 0.799 0.24 0.77 5.70 173.30 FOL 60 5161 175.60 176.60 1.00 24 4.4 0.0321 0.0039 0.214 176.00 FOL 70 5162 176.60 177.60 1.00 17 8.8 0.189 0.167 0.724 174.10 177.60 2 tr 3 5? <1 5163 177.60 178.60 1.00 7 4.4 0.0265 0.68 1.95 5164 178.60 179.80 1.20 3 3.1 0.0463 0.0884 0.268 veinlets & stringers with associated sphalerite & galena 176.2-176.8 moderately chloritic; garnitiferous contact between BIF & underlying greywacke gradational/obscure Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 5 of 6

Geology Log VG-06-05 VG-06-05 177.60 182.10 META 177.6-179.8 medium grey massive; frequent sphalerite with trace galena 177.60 179.80 2 mn 2 1 <1 179.90 FOL 55 stringers occurring along fractures; frequency of sphalerite fracture fill decreasing downhole; occational Po enriched bands; disseminated Py & occational Py stringers; weakly to moderately foliated 179.8=182.1 massive greywacke; occational quartz/calcite stringers & veinlets multidirectional 182.10 188.90 MAFD massive; obscure upper contact-blends into the greywacke 182.10 184.80 CHLR M uniu speckled with biotite; the biotite flakes are aligned perpendicular to thye core giving the appearance of needles 182.1-184.8 weakly foliated; occational quartz/calcite fracture fill & veinlets frequency decreasing downhole; mottled grey-green colour, slight brownish hue due to bioitite content 186.3-186.9 well foliated, frequent carbonate stringers 188.9 contact distinct core broken 186.50 FOL 65 191.00 FOL 55 188.90 197.00 META massive grey-green greywacke; occational calcite stringers (fracture fill) 196.80 FOL 55 minor disseminated Py associated with calcite flood/stringers narrow sections garniteferous; weak to moderate foliation Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 6 of 6

Geology Log VG-06-06 VENCAN GOLD Corporation PROJECT Genoa Township Properties-Swayze Area Ontario Grid Co ordinates (UTM) final Diff. GPS +/ - 1m VG-06-06 VG-06-06 Logged By: C. Aussant Depth (m) up-dated Collar 17.0 122.0 Drill Start Date June 25,2006 Northing 5298581.95 Datum NAD 83 HQ From (m) 0.00 To (m) 4.00 Elevation (m) 427.08 Drill Finish Date June 26,2006 Easting 409872.24 zone 17 NQ From (m) 4.00 To (m) 122.00 Base of Oxidation Azm. O Incl. O Elevation 427.08 BQ From (m) TD m. 122.00 355.00-45.0 Drill Company: Bradly Brothers, Timmins, diam. HQ 6.35 cm NQ 4.76 cm BQ cm Comments: -45.0 355.40-43.9 VG-06-06 0.00 4.00 NR Casing 4.00 7.80 FET light to pale grey to yellow beige, well colour banded, frequent pale white 5.20 FOL 55 grey felsic bands (similar material as lapilli in following FELT unit) after 6.8 meters progressive increase in colour index with occational calcite stringers 7.80 13.30 FELT mottled grey-green; garnitiferous-chloritic groundmass with pale grey 7.80 13.30 CHLR M 7.90 FOL 60 straetched felsic lapilli fragments, occational quartz veinlets, weak 10.10 FOL 65 foliation garnets to 3mm, minor scattered Py as clots & disseminations 13.30 15.80 IND INTERMEDIATE DYKE medium black-grey, alignment of mafic minerals pronouncing a weak suptal foliation-irregular but at a sharp angle to CA at times subparallel to CA, occational quartz veinlets 15.80 30.90 FELT massive mottled green-pink chloritic/garnitiferous groundmass with 15.80 30.90 CHLR M 5165 15.80 17.00 1.20 14 1.6 0.0744 0.46 1.12 0.41 0.83 2.40 frequent stretched pale grey felsic lapilli fragments 5167 17.00 18.20 1.20 17 3.2 0.175 0.368 0.54 15.6 contact broken minor sphalerite & Cpy adjacent to the contact 15.8-18.2 frequent widely spaced Py stringers & sphalerite/galena with mino 15.80 18.20 1 <1 <1 mn <1 Cpy along fractures; narrow intervals magnetic 18.2-21.1 minor disseminated Py 21.1-25.8 frequent widely spaced fracture fill galena/shpalerite, occational intervals with 30% Po/Py/Sphalerite stringer concentartions, fractures multidirectional 18.20 21.10 mn mn 21.10 25.80 <1 1 1 1 1 5168 21.10 22.60 1.50 10 0.9 0.0118 0.29 0.501 0.94 0.82 4.70 5169 22.60 24.10 1.50 5 0.9 0.0029 0.812 0.662 5170 24.10 25.80 1.70 14 15.9 1.03 1.64 1.23 21.2-21.3 20% Po, 10% Py 22.2-22.4 10% Py; 2% Sphalerite 24.55-24.75 15% Cpy 10% Po 25.10 FOL 60 25.8-30.9 minor quartz fracture fill with associated minor sphalerite 25.80 30.90 mn tr minor disseminated Py 30.90 35.60 QFP massive light grey speckled with chlorite microfractures & minor Printed:9/4/2007 VenCan Gold Corporation (June 2006) Page 1 of 4