Property Summary

The property is composed of 2,004 hectares located 27 km southeast 
of Bissett, Manitoba. (Jun/04)  

GOLD target in Rice Lake greenstone belt.

Geology

Aerial photographs and geological mapping have identified a major 
NW-SE trending shear system extending
up to 1 km in width that can be traced on the property along strike 
in excess of 2 km. Quartz veining, sulphide and gold mineralization 
occurs in association with a series of shear zones and folds comprising 
the sheer system.

News Updates

As of Jun30/05, a summer field program was slated for late July.

Initial preliminary sampling of the property (as of Aug/03) located 
three strongly sheared zones from 2 metres to 6 metres wide within 
basic volcanic and intrusive rocks similar to that found at formerly 
producing mines in the area, such as the San Antonio and Goldlund. 
Of the 19 grab samples taken, five returned gold assays greater than 
42 grams per tonne (1.2 opt).

On Aug 06/04, three new areas of interest were identified from the 
results of drilling on the Discovery zone. At 14 m, hole ANG-04-01 
intersected one metre grading 3.4 g/t Au and at 16.2 m, hole ANG-
04-05 intersected 4.2 m with an average grade of 1.9 g/t Au. Three 
reconnaissance holes drilled west of the Discovery zone did not encounter 
any significant mineralization. in addition to the drill results, 
mapping and grab sampling located three new zones of interest in 
the southwest of the Angelina claim group. The summer field program 
of geological mapping and rock sampling located three new zones of 
interest in the southwest of the Angelina claim group. The first 
zone returned an assay of 13.9 g/t Au in a grab sample, the second 
43.7 g/t Au in a one-metre chip sample, and the third returned 1.4 
g/t Au with 2.1% Cu and 0.5% Ti in a grab sample associated with 
a long linear magnetic anomaly. In addition, the three grab samples 
taken at the adjacent Macketta showing verified the anomalous gold 
values previously reported with assays ranging from 31 g/t Au to 
205.7 g/t Au.

In Jun/04, the company optioned the 173-hectare Halfway Lake property 
adjacent to the southeast of the Angelina, expanding the property 
to 2,486 hectares. A 10-hole, 955m drill program was recently completed 
in a northeasterly section of the property known as the Discovery 
zone with assay results still pending. Elsewhere on the property, 
a four-man crew is currently completing a field program comprised 
of geological mapping and a geochemical survey in order to establish 
additional drill targets.

On Apr19/04, the company has initiated a 10-hole, 1000m drill program. 
This initial drill program will focus on testing targets around the 
Discovery Zone where Gossan has found surface gold mineralization 
of up to 18gpt over 3.7m (0.53opt over 12.1ft) associated with quartz 
and carbonate veining within regional-scale shear zones. The Angelina 
Property hosts two of these major shear systems, which extend up 
to 1 km in width and along strike in excess of 2 km. The program 
includes four reconnaissance holes to be drilled at three locations. 
Two holes are planned to investigate the gold mineralization found 
in Hole E-88-03 undertaken by Rhino Resources Inc., which returned 
over 0.3opt gold over the 6-feet of core assayed. The other holes 
will test additional geophysical anomalies coincident with shear 
zones and lithological boundaries.

In Mar/04, the company has completed a 542 line-km airborne, high-
density, low-level magnetic and electromagnetic survey over the Angelina 
Gold Property near Bissett, Manitoba. Fugro Airborne Surveys was 
the contractor. The initial results of the survey are encouraging 
and a complete assessment is underway. The interpretation of these 
results will be released next week.

In Jan/04, retained Furgro to perform airborne high-density, low-
level magnetic and electromagnetic surveying over the property.The 
results of the survey are expected in late February and target anomalies 
are scheduled to be tested by tree geochemistry in March with drilling 
of defined targets to follow.

In Oct/03, the company has completed an initial field program on 
the property centred on the Discovery Zone. The program included 
geological mapping, outcrop striping and continuous chip sampling, 
as well as, an assessment of previous work on the property.