MD and A Excerpts (period ending 4/30/2010)

Multi-Metal Company Exploiting Prominent Ontario Regions

Significant new gold discovery on surface at Loveland (11.48 g\t gold) over 400 meters away from the only other known gold zone (6.37 g/t over 8.55 m & 10.39 g/t over 3.1 m)

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luker

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MD and A Excerpts (period ending 4/30/2010)

posted on Aug 20, 2010 12:41PM

A private company controlled by one of the directors charged $396,000 for the six month period ended April 30, 2010 (2009 - $320,000; 2008 – $250,000), in respect of office administration costs on behalf of the Company. See "

Transactions with Related Parties" below.

The Company had working capital deficit of ($1,393,535) (deficit) at April 30, 2010 compared to working capital deficit of ($643,351) at October 31, 2009. During the period ending April 30, 2010, the Company had a cash position of $11,357.

The authorized capital of the Company consists of an unlimited number of common shares. As at April 30, 2010, there were 267,040,856 common shares issued and outstanding.

Disclosure:I hold 100,000 shares at $0.093 US

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