Report of Induced Polarization Surveys and. Total Field Magnetic Surveys. Turtle Pond, Emmons Lake, Prig, North Glatz, Glatz, and Double E Grids

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Report of nduced Polarization Surveys and Total Field Magnetic Surveys On the Turtlepond Project Turtle Pond, Emmons Lake, Prig, North Glatz, Glatz, and Double E Grids Turtlepond Lake Area, Ontario Claim Nos.4219025,1247471,1247472,4219034,4219035, 4219032,3012581, and 4219039 Kenora Mining Division For Canadian Arrow Mines Ltd. JAN 1 4 2009 December 15, 2008 Timmins, Ontario Matthew Johnston Consulting Geophysicist 1226 Gatineau Blvd. Timmins, Ont. P4R 1 E3

Table of Contents Page No. 1.0 ntroduction 2.0 Location and Access 3.0 Summary of 2008 Geophysical and Gridding Program 4.0 Discussion of Results 5.0 Conclusions and Recommendations 2 2 2 5 8 Statement of Qualifications Appendices Appendix A Geophysical nstruments and Survey Methods List of Maps Map.P.!Resistivity Pseudo-Sections 500E -700E Turtle Pond Grid.P.!Resistivity Pseudo-Sections 1000E -1300E Double E Grid.P.!Resistivity Pseudo-Sections 1200E -1300E Emmons Lake Grid LP.!Resistivity Pseudo-Sections 2000E -2900E Glatz Grid LP.!Resistivity Pseudo-Sections 1000E -31 OOE Glatz North Grid LP.!Resistivity Pseudo-Sections \ loon -1900N Prig Lake Grid Scale 1 :2500 1 :2500 1:2500 1:2500 1 :2500 1 :2500 Turtle Pond, Prig Lake, Emmons, Glatz North Grids Filtered Resistivity Contours with J.P. Anomalies Plan Map Total Field Magnetic Survey - Contours 1:5000 1:5000 Glatz and Double E Grids Filtered Resistivity Contours with J.P. Anomalies Plan Map Total Field Magnetic Survey - Contours 1:5000 1 :5000

1.0 ntroduction -2- The Turtle Pond, Emmons Lake, Prig, Glatz, North Glatz and Double E grids are located on the Turtlepond property of Canadian Arrow Mines Ltd., located in Turtlepond Area, Kenora Mining Division. The grids, in Turtlepond Area, cover portions or all of mining claim numbers 4219025, 1247471, 1247472, 4219034, 4219035, 4219032, 3012581, and 4219039 During July and August 2008, a geophysical survey program consisting of induced polarization and resistivity surveys and total field magnetic surveys was conducted over a portions of these claim groups. Ray Meikle and Associates of North Bay, Ontario, carried out the geophysical surveys. The geophysical surveys were performed in order to evaluate and map the presence of disseminated to massive sulphides with respect to their location, width, and concentrations. 2.0 Location And Access The Turtlepond Property is located 30 km southeast of Dryden Ontario, within Turtlepond Lake Township (G-2595), in the Kenora Mining Division. The grids are located in the west central portion of Turtlepond township. The project is centered at UTM 520609 E 5487918 N Zone 15, NTS 52F/OSW. The grids are accessed by traveling along Hwy 502 approximately 30 km south from Dryden. A gravel road going east at this point for approximately 1.0 km is used to access all of the grids and crosses the central portions of claim group (see figures 1 to 2). 3.0 Summary of 2008 Geophysical Program The geophysical program consisted of induced polarization and resistivity surveying (.P.) and total field magnetic surveys. These surveys were carried out on a grids of previously established lines generally spaced every 100 meters and chained and marked every 25 meters. The grid are summarized in Table 1.0.

Figure 1 o Turtlepond Pr.()ject Area 2008 Line Cutting and Geophysics Surveys L Kawene and Ontario ~,n=n~.~~~a~~=+~~::~"~~~~~~~- 125 25 kuometris

f4219026 i l ----.------ ~~-----------------~~~.~~--J---------------~ 4219031 4219036 -~~-.--~~~c---- ~~7~~~--j--- -l-----~~-------_+----~----~- - --~ --.-~--~---------,,, 42~9037, \ \, \ \ ''--r:------ L ----- 3012581 Glatz Grid...::o.,~------- ----T-------- - 4219041 o, Q ) A BOYER LAKE AREA f-/) urtlepond Lake Property - Location of Grids --- Grid with name D Property Outline r---- --. Claim Outline with number r -----' : : Township/Area Outline....J

Grid Name P Kilometers Magnetic Km's. Baseline Azimuth Line Spacing and n Level (degrees) Turtle Pond 1.3 n=4 2 88 100m Emmons Lake 0.5 n=4 0 100 m Prig 6.0 n=4 16.33 355 100 m Glatz 8.0 n=6 7.8 95 100m Glatz North 11=6 8 64 100m Double E 2 n ccc 4 0 120 100m -5- The LP. surveys were perfonned using a pole-dipole electrode configuration. The dipole 'a' spacing was 25 meters and increasing separations of n=l, n=2, n=3, n=4, n=5 and n=6 times the dipole spacing was measured in order to map the response to depth. The.P. equipment used for the surveys consisted of a Phoenix PT} 3000 watt transmitter operating in the time domain powered by a 2.5 kilowatt motor generator. The chargeability (measured in mvn) between the transmitted current and the received voltage is recorded by a ris Elrec Pro LP. receiver which records the chargeability and the apparent resistivity for each set of dipoles. The chargeability measured in this survey is a measure of the polarization of the underlying lithology. The total field magnetic surveys, using a GEM GSM-19 magnetometer with readings collected every 12.5 meters along all lines. Appendix A. A description of the survey method and equipment used can be found 4.0 Discussion of Results The results of the 1. P. surveys are presented as contoured and posted pseudosections of the apparent resistivity and recorded chargeability's at a scale of 1 :2500 n addition plan maps at a scale of 1:5,000 showing the contours of the N=l apparent resistivity with the interpretation and location of the LP.. anomalies is also presented. All maps accompany this report in the pocket at the back of this report. The magnetic data has been presented on plan maps at a scale of 1 :5000, showing the contours as well the interpretations (see maps in pocket).

-6- The higher resistivity areas of the grid areas may possibly be mapping areas of bedrock ridges and sub-cropping bedrock areas. These areas are quite evident on the plan map. t is also possible the high resistivity zones may be outlining more resistive felsic lithology or silica altered horizons as well. The depths of all of the identified.p. anomalies are interpreted to be shallow; within the range of 4 to 65 meters below surface. Turtle Pond Grid One anomalous J.P. Anomaly trend labeled as TP was mapped on the Turtle Pond grid. This is a well defined.p. Response which flanks a moderate strength linear magnetic anomaly. Prig Lake Grid The magnetic survey on the Prig Lake grid indicates a relatively active magnetic background with magnetic values ranging between 56189 and 58868 nt. The background magnetic field strength is 57593 nt. The overall magnetic pattern is disrupted by several complex, linear, and slightly discontinuous moderate anomalous magnetic highs trending in a northerly strike direction. The isomagnetic contour pattern suggests an underlying lithology striking in an north-south direction. Several fault zones have been interpreted within the grid area from the magnetic survey. These anomalies may represent major lithological contacts or structural anomalies which may be significant in this area. These anomaly locations are indicated and shown on the contour map. All of the anomalies are easily identified and are labeled on the plan maps. Numerous well defined.p. Anomalies were mapped on the Prig Lake Grid and have been grouped into four trends labeled as P to P4. Anomalies P2, P3, and P4 also show sporadic correlation with moderate magnetic anomalies along their strike length which may suggest pyrrhotite mineralization within the underlying lithology. Emmons Lake Grid Only anomalous.p. Trend was observed within the Emmons Lake grid and is labeled as El. The anomaly on line 1200N is not fully defined and the line would have to

-7- be extended further east in order to fully define this anomaly. Both.P. anomalies occur within a magnetic low area and may represent mineralization within an altered lithologic setting. Glatz North Grid The magnetic survey on the North Glatz grid indicates a relatively active magnetic background with magnetic values ranging between 56932 and 59244 nt. The background magnetic field strength is 57670 nt. The overall magnetic pattern is disrupted by several complex, linear, and slightly discontinuous moderate anomalous magnetic highs trending at an azimuth of approximately 67 degrees. The anomalous magnetic area occurs primarily between lines 1200E and 2000E from l200n to 1400N. The isomagnetic contour pattern suggests an underlying lithology striking in an north east-southwest direction. Several fault zones have been interpreted within the grid area from the magnetic survey. These anomalies may represent major lithological contacts or structural anomalies which may be significant in this area. These anomaly locations are indicated and shown on the contour map. All of the anomalies are easily identified and are labeled on the plan maps. Many well defined and strong.p. anomalies were identified with the North Glatz grid and have been grouped into seven trends labeled at NG 1 to NG7. Anomalies NG 1, NG2, and NG3; in particular exhibit strong correlation to the magnetic anomalies in the south central part of the grid area previously discussed. No magnetic data was surveyed within the eastern part of the grid area; however the.p. anomalies located are strong and well defined. Glatz Grid The magnetic survey on the Glatz grid indicates an active magnetic background with magnetic values ranging between 56486 and 59271 nt. The background magnetic field strength is 57625 nt. The overall magnetic pattern is disrupted by several complex, linear, and slightly discontinuous moderate anomalous magnetic highs trending at an

-8- azimuth of approximately 93 degrees. The anomalous magnetic area occurs primarily throughout the grid are between 4200N and 4500N. This anomalous magnetic corridor suggest an area of structural deformation and it is noted that many.p. anomalies also occur within this area. The isomagnetic contour pattern suggests an underlying lithology striking in an east-west direction. Several fault zones have been interpreted within the grid area from the magnetic survey. These anomalies may represent major lithological contacts or structural anomalies which may be significant in this area. These anomaly locations are indicated and shown on the contour map. All of the anomalies are easily identified and are labeled on the plan maps. Many J.P. anomalies were mapped and have been grouped into six trends labeled as G 1 to G6. Anomalies G 1, G2, G3, G4, and G5 all display close correlation with moderate strength magnetic anomalies possibly indicating the presence pyrrhotite with the bedrock at these locations. Double E Grid Several well defined J.P. anomalies were mapped on the Double E grid. One trend was identified which has been labeled as D 1 as well several other well defmed isolated l.p. anomalies. Anomaly D occurs within a resistivity low suggesting conductive sulphides or graphite as a possible source. 5.0 Conclusions and Recommendations The induced polarization and magnetic surveys and completed over the Turtle Pond, Prig Lake, Emmons, Double E, Glatz, and North Glatz grids were successful in mapping many zones of anomalous LP. effects, magnetic anomalies, as well as mapping the bedrock resistivity. Many of the interpreted LP. anomalies are strong and well defined and will likely require further investigation in order to determine their causes. The most promising LP. anomalies, which are thought to arise from bedrock sources, have been interpreted and identitied.

-9- t is always difficult to quantitatively rate all of the.p. anomalies in terms of their economic potential when searching for exploitable mineral deposits, but it is possible that some of the.p. anomalies mapped by this survey are caused by disseminated to semimassive metallic mineralization. This type of mineralization is often associated which valuable deposits of massive sulphides, gold and platinum group minerals. The.P. anomalies; T, Gl, G2, G3, G4, G5, El, Dl, P, P2, P3, P4, NGl, NG2, NG3, and NG5, should all be considered as priority anomalies warranting further investigation. The other well defined.p. will also have to be considered as prospective zones requiring follow-up exploration in order to determine their source mineralization. Prior to drill testing any of the anomalies it is recommended that a program of geological mapping, prospecting and possibly trenching be undertaken in order to attempt to identify the sources of the conductive and magnetic anomalies Any existing geological, diamond drilling or geochemical information that may exist in the mining recorder assessment files should be investigated and compiled prior to further exploration of the Turtlepond property in order to accurately assess the area of the current geophysical surveys and to determine the most effective follow-up exploration method for these anomalies. Respectively Submitted, Matthew Johnston Consulting Geophysicist

Statement of Qualifications This is to certify that: MATTHEW JOHNSTON am a resident of Timmins; province of Ontario since June 1, 1995. am self-employed as a Consulting Geophysicist, based in Timmins, Ontario. have received a B.Sc. in geophysics from the University of Saskatchewan; Saskatoon, Saskatchewan in 1986. have been employed as a professional geophysicist in mining exploration, environmental and other consulting geophysical techniques since 1986. Signed in Timmins, Ontario, this December 15, 2008

Appendix A

nduced Polarization Surveys Time domain P surveys involve measurement of the magnitude of the polarisation voltage (Vp) that results from the injection of pulsed current into the ground. Two main mechanisms are known to be responsible for the P effect although the exact causes are still poorly understood. The main mechanism in rocks containing metallic conductors is electrode polarisation (overvoltage effect). This results from the build up of charge on either side of conductive grains within the rock matrix as they block the flow of current. On removal of this current the ions responsible for the charge slowly diffuse back into the electrolyte (groundwater) and the potential difference across each grain slowly decays to zero. The second mechanism, membrane polarisation, results from a constriction of the flow of ions around narrow pore channels. t may also result from the excessive build up of positive ions around clay particles. This cloud of positive ions similarly blocks the passage of negative ions through pore spaces within the rock. On removal ofthe applied voltage the concentration of ions slowly returns to its original state resulting in the observed P response. n TD-P the current is usually applied in the form of a square waveform, with the polarisation voltage being measured over a series of short time intervals after each current cut-off, following a short delay of approximately O.Ss. These readings are integrated to give the area under the decay curve, which is used to define Vp. The integral voltage is divided by the observed steady voltage (the voltage due to the applied current plus the polarisation voltage) to give the apparent chargeability (Ma) measured in milliseconds or mvn. For a given charging period and integration time the measured apparent charge ability provides qualitative information on the subsurface geology. The polarisation voltage is measured using a pair of non-polarising electrodes similar to those used in spontaneous potential measurements and other P techniques.

Survey Theory - Total Field Magnetics Theory: Magnetic Survey The magnetic method is based on measuring alteration in the shape and magnitude of the earth's naturally occurring magnetic field caused by changes in the magnetization of the rocks in the earth. These changes in magnetization are due mainly to the presence of the magnetic minerals, of which the most common is magnetite, and to a lesser extent illuminate, pyrrhotite, and some less common minerals. Magnetic anomalies in the earth's filed are caused by changes in two types of magnetization: (1) nduced, caused by the magnetic field being altered and enhanced by increases in the magnetic susceptibility of the rocks, which is a function of the concentration of the magnetic minerals. (2) Remanent magnetism is independent of the earth's magnetic field, and is the permanent magnetization of the magnetic particles (magnetite, etc.) in the rocks. This is created when these particles orient themselves parallel to the ambient field when cooling. This magnetization may not be in the same direction as the present earth's field, due to changes in the orientation of the rock or the field. The unit of measurement (variations in intensity) is commonly known as the Gamma which is equivalent to the nanotesla (nt). Method: The magnetometer, a GEM Systems GSM-19 with an Overhauser sensor measures the Total Magnetic Field (TFM) perpendicular to the earth's field (horizontal position in the polar region). The unit has no moving parts, produces an absolute and relatively high resolution measurement of the field and displays the measurement on a digital lighted display and is recorded (to memory). nitially, the tuning of the instrument should agree with the nominal value of the magnetic field for each particular area. The Overhauser procession magnetometer collected the data with a 0.2 nanotesla accuracy. The operator read each and every line at a 12.5 m intervals with the sensor attached to the top of four (56cm), aluminum tubing sections. The readings were corrected for changes in the earth's magnetic field (diurnal drift) with a similar GSM-19 magnetometer, acting as a stationary base station which automatically read and stored the readings at every S seconds. The data from both units was then downloaded to PC and base corrected values were computed.