11. Commitments (continued):
(b) On February 27, 2009, the Company made a $100,000 cash payment pursuant to an option agreement
with Wildcat Exploration Ltd. for a portion of the Poundmaker property. In addition, the Company
has agreed to incur $5 million of exploration expenditures during the five-year term of the option
agreement of which $500,000 is required to be spent prior to March 1, 2010. As at September 30,
2009, the Company had incurred approximately $262,570 of exploration expenditures under the
option agreement.
