A total of 5,900 metres and 22 holes have been drilled to date in the 55 Zone, within the historically defined 450

metre zone, and to a 1,000 metre strike with 100 metre stepouts both to the east and west. The current drilling

has concentrated on the upper 200 metres, near to surface.

Significant high grade intercepts from the current program (note: drilled width approximates true width) include

4.15 g/t over 5.5m (hole M55-10-1), 14.76 g/t over 0.91m (hole M55-10-2), 10.58 g/t over 0.65m (hole M55-10-3),

21.39 g/t over 1.45m (hole M55-10-4), 25.63 g/t over 0.45m (hole M55-10-8), 18.79 g/t over 0.27m (hole M55-10-

11), and 14.9 g/t over 2.64M (hole M55-10-14).

“The remarkable success achieved in the drilling to date reinforces our opinion that the Golden Highway Project

contains a pervasive gold system. The drill program is now focused on expanding the 250 metre corridor within

the 55 Zone along structure to test the strike and depth potential of the known high grade. Further assays results

are pending,” said Ian C. Peres, President and CEO.

The 55 Zone lies within the Destor Porcupine Deformation zone and is hosted in Timiskaming sediments that

include two flanking iron formation units, the northern one being in contact with ultramafic volcanics.

Current and past drilling has identified a key structure striking west southwest or sub-parallel to stratigraphy

along a minimum 250 metre corridor, within the 55 Zone, that remains open to depth with additional strike

potential. The structure is a fault system which hosts a series of high grade en echelon (stacked) moderately

north-dipping quartz veins often within brecciated wall rocks carrying elevated levels of pyrite. The intersected

high grade quartz vein zones range in drilled widths up to 3 metres, which closely approximates true width.

Similar structural features have been observed in other drill holes along strike and assay results are pending.

The current drilling has also intersected these quartz veins in contact with the northern iron formation resulting in

local sulfidization of the iron formation and returning significantly enhanced grade. This style of mineralization

has also been intersected in some step-out holes both easterly and westerly along the northern iron formation.