First Quarter 2012 Summary Highlights!

•

Acquired additional mining claims in the Bellechasse region of southeastern Quebec to the northeast of Bellechasse-Timmins

•Adopted a shareholder rights plan

•Announced positive preliminary metallurgical testing for gold recovery using gravity separation ranging from 54% to an outstanding 92%, while total gold recovery ranged from 97% to more than 99%

•Announced further significant drill results including 6140 g/t gold (197.4 oz/t) of gold over 1 metre and 1.29 g/t gold over 32 metres at Bellechasse-Timmins!

•Announced further significant drill results including 4.39 g/t gold Over 33 metres and 1.07 g/t goldover 91 metres at Bellechasse-Timmins !

•Repeated significant long intercept in wedge holes with 1.27 g/t gold over 57 metres and 0.75 g/t gold over 56 metres at Bellechasse-Timmins!

•Announced further significant drill results including 3.08 g/t gold over 25 metres and 2.01g/t gold over 32 metres at Bellechasse-Timmins!

•Announced further significant drill results including 1.33 g/t gold over 29 metres and 1.05g/t gold over 33 metres at Bellechasse-Timmins

• Announced significant drill results by intersecting massive sulphides including 11.74 metres of 1.23 g/t gold and 8.16 metres of 1.15 g/t gold at the Champagne Zone in southeastern Quebec