FACT SHEET

McFauld’s Lake, Hawk/Noront JV Property

, Northern Ontario (Operator – Noront)

50% interest in 10 claims (2,590 hectares)

345 line km of AeroTEM & magnetic geophysical surveys completed

132 line km line-cutting program, ground, magnetic & gravity surveys completed

Initial 2-hole drill program completed – results and report from Noront is pending

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McFauld’s Lake, Hawk/MacDonald-McNugget JV Property

, Northern Ontario (Operator –

MacDonald Mines)

36.75% interest in 6 claims (1,554 hectares)

2008 drill program was initiated, targeting five project areas in the ‘Ring of Fire’ district , including

the Hawk/MacDonald JV property. (No new drilling commenced on the Hawk JV in 2008)

Gold & Silver

Holdsworth Property,

Wawa Area, Northern Ontario (Operator – Hawk)

100% interest in 19 claims (304 hectares)

3 distinct geological environments: 1) Soocana Vein – traditional quartz vein 2) Black Sand

Zone – weathered oxide pyrite and 3) sulphide pyrite zones at depth

Hawk has extended the Soocana Vein to approx. 750m through mapping and sampling

Chip sample (20447) taken over 4m returned 42.5 g/mt Au & 19.0 ppm* Ag

A 34-hole drill program completed on the Soocana Vein and results received

A total of 340kg of material from the Black Sands Zones has been sent to SGS Lakefield for

metallurgical testing..

(*1ppm = 1g/t)

Cluff Lake Property,

Athabasca Basin, Northern Saskatchewan

100% interest in 6 claims (16,239 hectares)

Adjacent to Cluff Lake Uranium Mine

Heliborne electromagnetic (VTEM) & magnetic geophysical surveys completed

Final interpretation has been received from Dick Irving-Condor Consulting Colorado

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Charlebois Lake Property,

Northern Mining District, Northern Saskatchewan

100% interest in 9 claims (4,254 hectares)

Heliborne electromagnetic (VTEM) & magnetic geophysical surveys completed

Final interpretation has been received from Dick Irving-Condor Consulting Colorado

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