Luc Bourdon Prospect "White Pine/Noront Option", McFauld's Lake, Ontario: Airborne geophysical surveys ("VTEM") were completed during 2008. An initial five targets were selected for detailed follow-up by ground geophysics. The Company has been informed by the Operator (WPR) that diamond drilling is now underway on the Golden Valley option. White Pine Resources and Noront Resources may each earn a 35% interest by funding a combined total of $5,000,000 in exploration and by paying additional consideration (cash/shares) of $350,000 (paid) to Golden Valley. Following vesting, Golden Valley will retain a carried interest of 30% to production
BB