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Each Regular Unit is priced at $0.09 per unit with each unit comprised of one common share and one common share purchase warrant, each whole warrant is exercisable at a price of $0.15 per common share from the date of issue up to and including November 30, 2012. The proceeds of $49,500 obtained from the issuance 550,000 Regular Units will be used for working capital.

Each Flow-through unit is priced at $0.11 per unit and consists of one flow-through common share and one non flow through common share purchase Warrant. Each Warrant shall entitle the subscriber to subscribe for and purchase one additional non flow through Share at a price of $0.15 per Share from the date of issue up to and including November 30, 2012. The proceeds of $380,600 obtained from the issuance of 3,460,000 Flow-Through Units shall be used for a diamond-drilling and down-hole geophysics exploration programme at Galahad's Regcourt Property near Val d'Or QC.

The securities shall have a hold period to April 3, 2011.

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