The Historical Tom Gold Mine Property

In February 2010, the Company historic Tom Gold Mine and related claims, located approximately 10 km northeast of Yellowknife, NWT. The Company is considering to conduct an initial work program on the project to evaluate its full potential to determine future work potential.

The Tom Gold Mine Project includes five mineral claims totaling 650 acres (263 hectares) situated approximately 10 km northeast of Yellowknife, NWT and is accessible year round via an all-weather road. The Tom Mine Property was first worked by Cominco in the early 1940's in tandem with bringing the Ptarmigan Mine, located approximately 1.5 km to the south, into production. The Ptarmigan Mine was closed in 1942, shortly after it opened, due to the war. The Tom Property and Ptarmigan Mine were then acquired by Treminco Resources Ltd. in 1985 and both put into production from 1986 to 1997 when low gold prices forced Treminco to close operations (gold traded within the range of $283 to $362.15 per ounce in 1997).

In the later years of production, the Tom Mine represented a growing percentage of Treminco's overall gold production and represented approximately 1/3 of their total production in 1997. From February 1986 to July 1987, 19,000 tonnes of ore were extracted from the Tom Mine producing approximately 4,083 ounces of gold. Between 1987 and 1995 production from Tom was not recorded as it was grouped with Ptarmigan's production. However, another 2000 ounces of gold were produced from Tom from 1995 to 1997.

The Tom Property is underlain by amphibolite-grade metaturbidites of the Burwash Formation. At the property, at least four quartz veins were drilled. The primary producer was the Tom No. 3 vein with the C-vein becoming the major producer by 1991-1992. The Tom No. 3 vein was discontinuous to 8 m wide, over a strike length of about 365 m. The quartz vein contained less than 1% other minerals, including pyrite, sphalerite, galena and lesser amounts of other sulphides.

The technical information provided above for the Tom Gold Mine project was prepared by Darren Smith, M.Sc., P.Geol, a qualified person as defined by NI 43-101.