The Portage zone is open along strike below 300 feet for the entire length of the deposit. We just don't know how deep this goes.

The portage zone was last seen dipping below the main zone - so it's open to the north-west.

The portage zone had good widths and grades at the furthest hole to the southeast. - so it's open to the southeast.

They are going to test another zone that had been previously drilled. They are doing this with the new model of the deposit they successfully tested last year with amazing success.

We have so much potential for this drill program!!!!!

From the news release:

1) Testing shallow portions of the Portage Zone that could not be tested during last year’s drill
program. A series of 150-250 meter holes will be drilled from the ice on 50 meter sections so
that near surface mineralization can be included in future resource calculations.

2) Infilling the mid-section of the Portage Zone. By drilling larger diameter, HQ core, the
Company hopes to encounter better grades and continuity in this part of the zone which was
drilled with smaller diameter, NQ core, approximately 20 years ago.

3) Testing for the strike continuation of the Portage Zone to the southeast where mineralization
remains open. The furthest southeast hole drilled by the Company during the current 2010 &
2011 phased program is SP10-024 which encountered 225 meters at 1.48 grams per tonne Au
(see news release dated November 23, 2010). One drill rig will be dedicated to testing the
continuation of the Portage Zone on 50 meter sections for a distance of up to 500 meters
southeast of hole SP10-024.

4) Testing a possible new zone of mineralization that lies southwest of the Portage Zone and
appears to trend parallel to it. This new zone was encountered at the bottom of hole SP10-
024 and is evident in several historic holes in this area.

5) Testing for continuation of the Portage Zone underneath the Main Zone. Hole SP10-025
encountered 38 meters at 1.53 grams per tonne Au (see news release dated December 15,
2010) of Portage-style mineralization suggesting the Portage Zone plunges to the northwest
underneath the Main Zone.

“Our objectives this winter are really two-fold; infill, and exploration,” comments Dr. Quinton
Hennigh, technical advisor to Gold Canyon. “We are intent on bringing at least one kilometer of
strike on the Portage Zone into a resource. Most of the deeper drilling, to around 300 meters true
depth, was completed last year. Now, we must drill some shallow holes from the ice to show
continuity of this zone to surface.”

“While two rigs undertake infill drilling, we are going to set one rig loose on exploration,” continuesHennigh. “We feel quite confident that we can demonstrate an extension of the Portage Zone to the southeast.”

Presently, the strike length of the northwesterly-striking Portage Zone stands at approximately 950
meters. This zone remains open at depths in excess of 300 meters along its entire length. True widths
of the zone generally range from 90 to 150 meters, but locally widen to as much as 250 meters. The
zone remains open at depth, to the southeast and northwest where it appears to plunge underneath
the Main Zone - a zone comprised of a series of high grade veins.