Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: The point I was trying to make...

Good questions and I'll throw some thoughts at it for you.

Bay St doesn't like to invest in 'potential' so the addition of these assays to the long history of drilling will bode well for our company's value.

Bay St doesn't like to ascertain value from something that does not have a 43-101 report attached to it, which none of this historical drilling has. The decision makers have to protect themselves and their reputations so I think any broker/fund manager would be putting their livelihood at risk if they pushed clients money into something that didn't transfer the liability onto someone else (eg the geologist that signs off on it).

Bay St likes strong and proven management. Candido has proven to me that he his capable of doing this but will have to prove that to others. The whole lot of historical assays is worthless unless someone is able to bring them back to market in a meaningful way. To do that, Candido has spent years assembling his team and the financing to do just that.

The old drill results did not acknowledge the 'nugget effect' and that the grade is understated. They also did not indicate that this area could be a entire 'belt' as the erratic nature of them didn't make it the best place to mine at the time. Gold was cheap and there were better prospects elsewhere so this project has died a couple of times already.

So, take the old results with the new results and plug them into a geological model that proves that all of these results are understated, and that the drilled area is potentially a small part of a much larger system, show $3MM in the bank account, with a motivated and experienced team and an ongoing drilling program and you have a case or something that was once worthless becoming very valuable.

The beauty is that I truly think that the people that probably read the scrub we toss back and forth here is so far ahead of Bay St that it's difficult to understand sometimes. The more 'risk' you assume, you can expect more 'reward'. All the above points have to be shown to the decision makers with deep pockets. They don't have the ability to make reckless investment decisions like we do...they'd get fired. My hopes are that when the results come out that some of these people will see that the correct amount of the risk is being removed by drill results and will want to get in fast. If they come in, those shares will be off the table and I'd expect our SP to increase.

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