2011 DIAMOND DRILLING REPORT ON THE FRAN PROJECT

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3 Yankee Hat Minerals Ltd DIAMOND DRILLING REPORT ON THE FRAN PROJECT Events Located in the Inzana Lake Area, Omineca Mining Division NTS 093K/16, 093N/ N Latitude; ' W Longitude -prepared for- YANKEE HAT MINERALS LTD. Suite Canada Place Vancouver, BC, Canada V6C 3E1 -prepared by- Thomas K. Branson, B.Sc., GIT EQUITY EXPLORATION CONSULTANTS LTD. Suite 200, 900 West Hastings Street Vancouver, British Columbia, Canada, V6C 1E5 May 20, 2011

4 1 TABLE OF CONTENTS 1.0 SUMMARY INTRODUCTION RELIANCE ON OTHER EXPERTS PROPERTY DESCRIPTION AND LOCATION ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE, PHYSIOGRAPHY HISTORY Previous Exploration Drill Program REGIONAL GEOLOGY AND MINERALIZATION PROPERTY GEOLOGY AND MINERALIZATION Lithology Structure Metamorphism Deposit Types Mineralization Quartz-Sulphide Veins with Au, Ag (Cu) Polymetallic Veins Hosted by Country Rocks with Au, Ag, Zn, Cu, Pb and As Amphibole Veins with Cu-Au (Ag) Quartz-Albite Veins DIAMOND DRILLING DISCUSSION AND CONCLUSIONS LIST OF APPENDICES Appendix A: Bibliography Appendix B: Statement of Expenditures Appendix C: Drill Logs Appendix D: Assay Certificates Appendix E: Quality Control / Quality Assurance Appendix F; Compact Disc Appendix G: Geologist s Certificates LIST OF TABLES Table 1: Fran Claim Data... 3 Table 2: Diamond Drilling Summary Table 3: FR Significant Intersections Table 4: FR Significant Intersections Table 5: FR Significant Intersections Table 6: FR Significant Intersections Table 7: FR Significant Intersections Table 8: FR Significant Intersections Table 9: FR Significant Intersections Table 10: FR Significant Intersections... 22

5 2 LIST OF FIGURES Figure 1: Fran Project Location Map... 4 Figure 2: Fran Project Tenure (1:50,000)... 6 Figure 3: Fran Project Regional Geology Figure 4: Fran Project Property Geology Figure 5: Fran Property Drill Plan Map... in Pocket Figure 6: FR Cross-section (Looking 294 )... in Pocket Figure 7: FR Cross-section (Looking 295 )... in Pocket Figure 8: FR and FR Cross-section (Looking 300 )... in Pocket Figure 9: FR Cross-section (Looking 295 )... in Pocket Figure 10: FR Cross-section (Looking 302 )... in Pocket Figure 11: FR Cross-section (Looking 295 )... in Pocket Figure 12: FR Cross-section (Looking 300 )... in Pocket

6 3 1.0 SUMMARY During late 2010 and early 2011, Equity Exploration Consultants Ltd. ( Equity ) was contracted to manage a diamond drilling program at the Fran Property by Yankee Hat Minerals Ltd. ( Yankee Hat ). This program comprised eight diamond drill holes (for m) mainly targeting the down-dip extension of auriferous veins and vein zones of the Bullion Alley Trend. Surface grab samples from the Bullion Alley Trend have returned assays up to 227 g/t Au and 19.8 g/t Ag. The best intersections reported in prior drilling are 3.84 g/t Au over m including g/t over 8.30 m (hole FR-07-74); 7.91 g/t Au over 4.00 m including g/t Au over 1.55 m (hole FR ) and 5.18 g/t Au over 8.58 m including g/t Au over 2.40 (hole FR ). Generally, results from the 2010 / 2011 program are discouraging since all holes returned narrower mineralized widths with lower grades compared with historic drilling. The best intersections from the program are g/t Au over 1.05 m (hole FR ); 9.93 g/t Au over 0.70 m (hole FR ); 8.70 g/t Au over 0.71 m (hole FR ) and 4.43 g/t Au over 1.00 m (hole FR ). Interpretation of the drilling indicates that the auriferous veins pinch out at depth and along strike to the northwest. The zone is open, however, to the southeast. Holes FR and FR intersected two separate mineralization zones downslope and parallel to the main Bullion Alley Trend, interpreted as en echelon-type veins with offset and extension to the southeast. These downslope veins have potential to expand the Bullion Alley mineralized zones as no drilling has been conducted to the southeast of this zone. Future exploration should focus on the southeast extension of the Bullion Alley Trend and on the potential of the property to host porphyry-style, bulk tonnage, low grade Cu-Au zones, particularly proximal to intrusions found on the north and southeast parts of the property. Compilation of all available historic work at the property scale should also be completed. 2.0 INTRODUCTION This report has been prepared by Equity for Yankee Hat who contracted Equity to oversee a diamond drilling program in December 2010 and J anuary This report is based on the findings of the drilling program, previous work from private company files, government publications, and publicly available assessment reports downloaded from the BC Ministry of Forests, Mines and Lands ARIS website. The field work was conducted and directed by the author. 3.0 RELIANCE ON OTHER EXPERTS Other than data gleaned from previous reports on the property, the author has not relied upon other experts for the information concerning legal, environmental, political or other issues in this report. 4.0 PROPERTY DESCRIPTION AND LOCATION The Fran property consists of 15 c ontiguous mineral claims within the Omineca Mining Division of north-central British Columbia. It covers 10,227 ha and is located approximately 60 km north of the regional centre of Fort St. James (Figure 1). The property has Benoit Lakes on its western boundary and straddles the border area between NTS map sheets 93K/16 and 93N/01 with its centre at Latitude N, Longitude ' W; UTM NAD 83 Zone 10 coordinates 6,094,000N, 411,000E (Figure 2). Records on the BC Government s Mineral Titles Online website indicate twelve of the Fran claims are held by Yankee Hat (205146) and three are held by Mr. Richard J. Haslinger Jr. (111296) of Vancouver, as summarized in Table 1. Yankee Hat has acquired a 100% undivided interest to Mineral Tenures , , from Mr. Richard J. Haslinger Jr. though the claims are still subject to a to 2% NSR and staged cash and share payments. The NSR can be reduced to 1% at any time with a $2,000,000 payment to the vendor. The other claims are owned 100% by Yankee Hat with no underlying royalty.

7 ) ) ) Bob Quinn Lk ) Bell II B R I T I S H C O L U M B I A A L A S K A ) Stewart FRAN PROJECT : ) Mackenzie 54 ) Prince Rupert ) ) Terrace Kitimat ) Smithers ) Houston ) Fort St James ) Vanderhoof Prince George 54 ) Quesnel ) ) ) Williams Lake -120 ) ) Port Hardy ) Lillooet ) Kamloops 50 P A C I F I C O C E A N ) Comox ) ) ) ) ) ) ) ) ) ) Vancouver Lytton ) 50 ) Hope Merritt ) ) ) ) ) U. S. A. ) ) VICTORIA Yankee Hat Minerals Fran Gold Project LOCATION MAP kilometres Date: Scale: MAR :5,000,000 Figure U.T.M. Zone Mining District UTM 10 - NAD83 OMINECA N.T.S. State/Province 93K16, 93N01 BC 1

8 5 Claim boundaries are located by the latitude/longitude position of their corners as registered by the government. Mineral claims grant titleholders to subsurface rights only and r equire $4 pe r hectare in assessment work in each of the first three years of their existence and $8 per hectare in each subsequent year to maintain the claims in good standing. Table 1: Fran Claim Data Tenure Number Claim Name Owner Issue Date Good To Date Map Number Area (ha) (100%) 2005/Jan/ /Mar/31 093K (100%) 2005/Jan/ /Mar/31 093K (100%) 2005/Jan/ /Mar/31 093K FRAN (100%) 2005/Jan/ /Mar/31 093K FRAN (100%) 2005/Jan/ /Mar/31 093K FRAN (100%) 2005/Jan/ /Mar/31 093K FRAN (100%) 2005/Jan/ /Mar/31 093K (100%) 2005/Apr/ /Mar/31 093K (100%) 2005/Jul/ /Mar/31 093K (100%) 2005/Jul/ /Mar/31 093K (100%) 2005/Jul/ /Mar/31 093N (100%) 2005/Jul/ /Mar/31 093N FRAN (100%) 2005/Jul/ /Mar/31 093K (100%) 2007/Jul/ /Mar/31 093K (100%) 2007/Jul/ /Mar/31 093N Total A Notice of Work outlining proposed activities beyond certain thresholds must be filed with the British Columbia government for approval, prior to commencing activities. Upon review by applicable BC government agencies and local First Nations, a reclamation bond may be required prior to commencement of work. Any amendments to the proposed activities outlined in a N otice of Work must be s ubmitted to the regional Mines Inspector and appr oved prior to commencement of an amended program of exploration activities. A Free Use Permit is also required for the cutting of timber for access trails and surface drilling. Both of these permits were obtained for the program with the original Notice of Work submitted for amendment and subsequent approval. 5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE, PHYSIOGRAPHY The property area can be accessed by travelling north on the Germansen highway for 55 km from Fort St. James, then west along the Inzana Forestry Service Road ( FSR ) for 30 km. These roads are unpaved but generally useable throughout the year, though winter access requires relatively constant snowploughing along the Inzana FSR due to the absence of active logging in the area. The travel time by truck from Fort St. James to the property is 70 to 80 m inutes and 20 minutes by helicopter. A network of logging roads, large clear cuts and trails yield reasonable access to large parts of the property with the use of 4 x 4 trucks or ATVs. The far northern, north-eastern and western parts of the property are more difficult to access and are accessible by foot or helicopter. Foot access requires long traverses through thick vegetation consisting mainly of alders and standing timber. The property covers a hilly area north of Inzana Lake (880 m elevation) ranging from 975 m in elevation along Inzana Creek to over 1400 m along the northern range of hills. The main drainages and ridges have a w est to northwest trend. This area has been glaciated with rounded hill tops that feature bedrock at or near surface, separated by broad valleys with thick till and/or glaciofluvial deposits. Southfacing hillsides tend to be more rugged with local cliffs (face up-ice direction). The hill areas on the property

9 405,000 me 6,100,000 mn 410,000 me 415,000 me 6,095,000 mn Benoit Lakes 6,090,000 mn 6,085,000 mn Yankee Hat Minerals 4 km 2010 Drillhole Forestry Road Claim Outline Fran Gold Project TENURE MAP MAY 2011 UTM 10 - NAD83 93K16, 93N01 1:75,000 OMINECA BC 2

10 7 until recently were covered by thick stands of mature fir, pine and balsam that are mixed with spruce at lower elevations. Logging activities have resulted in several large clear-cuts on the northern side of Inzana Creek. Extensive areas of poorly drained marsh lie along the main valley east of Benoit Lakes. The eastern claims cover the headwaters of Tezzeron Creek with numerous low swampy areas and thick stands of alder. To the north and south these grade into low hills with better drainage covered by mixed pine, fir and balsam. The climate in the Fort St. James-Inzana Lake area features mild to warm summers in the 10 to 20 C temperature range. Winters are cold with sub-freezing temperatures. Snow accumulations are highly variable, from less than 1 m to over 2 m (main snowy period mid-october to mid-april). Historically, the Inzana area has been considered a 'snow belt. 6.0 HISTORY 6.1 Previous Exploration During the 1980s, significant alkalic porphyry copper-gold exploration took place in this part of British Columbia following the discovery of the Mt. Milligan deposit (discovery period ). Most of this exploration was to the north and northeast of the Inzana Lake area in Takla volcanic and Hogem intrusive settings. The large TAS property 6 km to the southeast of the Fran claim was the focus of significant goldcopper exploration in the 1980s by Noranda Exploration, Black Swan Gold Mines and Goldcap. Tie-on claims to the TAS property covered parts of the Fran during this period but did not receive any documented exploration. Access into the property area up t o the mid 1990s was difficult due t o thick stands of mature timber. This changed dramatically with widespread timber harvesting and the construction of an access road on the northern side of Inzana Creek in the early 1990s (Murton, 1997). The first discovery on the Fran property was the KBE showing, found by the B.C. Geological Survey Branch during mapping (Nelson, 1991). Government geologists sampled disseminated malachite within a small 'hornblende granodiorite plug with 196 ppb A u and 0. 2% Cu reported (MINFILE 093N 203). Surprisingly, there was no documented mineral exploration on the property area prior to 1996, when goldcopper discoveries were made by Richard Haslinger Sr. through sampling or panning gossans and pyritic exposures near the western end of the then new logging roads along Inzana Creek. His sampling returned highly anomalous gold values from several closely spaced localities in the northwestern clear-cut called the Upper Showing area. Samples taken from altered monzonitic to dioritic intrusive rocks with oxidized stockwork zones returned gold values up to 3.27 g/t Au. A narrow westerly trending quartz vein with pyrite, galena, sphalerite, arsenopyrite and chalcopyrite was exposed by hand pits and returned Au values up to 1.7 g/t with associated Ag, Pb, Zn and high As values. On the access road 1 km to the southeast, a rock cut exposed several strongly oxidized fracture zones in similar intrusive rocks called the Lower Showing which have returned significant amounts of fine visible gold from panning. Subsequently, six 20-unit claims were staked to cover the showings and i ntrusive rocks hosted by Inzana Lake Formation (Takla Group) sedimentary rocks (Murton, 2007). Several companies visited the Fran property in the summer of 1998 to examine the discovery showings. Two examinations by Placer Dome Inc. in June and July, mainly by Ron Wells, involved detailed sampling in the two showing areas. These examinations confirmed the previous Au values and indicated other nearby localities with highly anomalous gold. Homestake Canada Inc. geologists conducted a six day property examination in August-September mainly in the Upper and Lo wer Showing areas. They took 132 closely spaced soil samples from small grids partially covering these two areas as well as 40 rock samples. In the Upper Showing area, the soil data indicated a length of 100 m to the gold mineralized vein zones. Soils taken above and to the east of the Lower Showing were locally highly anomalous in Au with several values between 1 and 33 ppm Au but these high values could not be directly related to any bedrock mineralization (Murton, 2007).

11 8 In September 1998, an exploration agreement was made between R. Haslinger Sr. and Placer Dome Inc. which was followed by a nine day geological-geochemical program in early October (Wells, 1999). The program established a 7.5 line-kilometre grid covering a 1.5 by 1.0 km area over the known showings. This grid was tied to a central, common claim post and east-west claim line. North-trending survey lines were spaced 200 m apart. Soil samples were collected at 50 m intervals and at 25 m intervals in areas of known mineralization and projections. Early snow fall limited the geological mapping on the grid but was conducted where snow permitted. A limited number of rock and silt samples were also collected. This program indicated that the Au mineralization is hosted by west to northwest trending monzodiorite to monzonite dykes and stocks (high K calc-alkaline) and is stronger proximal to contact zones with hornfels (metasediments). Three main gold-in-soil anomalies were outlined between the showings. The largest anomaly is east-trending and covers a 1200 by 200 m area. Clayey till overburden limited the effectiveness of soils in lower hillside and valley settings. A pan c oncentrate sample taken from a s mall drainage to the north of the showing trend returned 800 ppb Au (Murton, 2007). During 1999, the Fran Property was again examined by several companies, with the main focus on showing areas and Au in soil anomalies (Mowat, 2000). Sampling of the drainages, showings and mineralized areas confirmed the earlier Au results by Placer Dome and Homestake. Two short soil lines 100 m to the west of the previous grid extended the main gold-in-soil anomaly with values in the 58 to 136 ppb range. A new mineralized area in bedrock was identified 400 m due south of the upper showings along the access road (Mowat's middle zone). One grab sample (No ), taken proximal to a dyke, contained abundant fine sulphides and returned 7675 ppb Au with anomalous Zn and As. In April 2001, Cassidy Gold Corp. entered into an option agreement on the Fran Property. In August 2001, Cassidy made an agr eement with Navasota Resources Ltd., which had earned 100% of Cassidy's interest by April Five phases of diamond drilling are documented in two assessment reports by Warner and Kay (2002 and 2003) with a total of m in 32 NQ drill holes. A petrographic and lithogeochemical study of drill core samples is documented in a technical-interpretative report by Wells (2002) and is outlined in Section 8.5 of this report. Navasota did some other exploration on the property in 2001 that was not documented, which involved locating and sampling the KBE showing and preliminary soil sampling at 50 m spaced stations on a few grid lines in the KBE area. Sampling at the KBE showing returned 0.19 g/t Au and 2400 ppm Cu from crowded plagioclase porphyry with fine disseminated chalcopyrite and malachite staining. Some anomalous Cu-in-soil values up to 100 ppm were also returned from the area. The Navasota drilling was along a nor thwest trending zone coined the 'Bullion Alley Zone' located between the Upper Showing area and Mowat s middle zone, which featured favourable intrusive rocks with elevated Au in bedrock and soil. Drilling concentrated on three main areas along this trend from west to east; Hilltop (Upper Showing area), Mid-Ridge (central Au soil anomaly) and Roadside (Lower Showing area). These holes encountered numerous Au (± Ag ± Cu ± Zn) intervals associated with quartz-sulphide veins and veinlet stockwork zones in both deformed intrusive and hornfels country rocks proximal to contacts. Several of the intersections, ranging from 0.6 to 6.1 m, averaged greater than 10 g/t Au (up to 42.8 g/t) with associated Ag and Cu (Murton, 2007). Navasota s drilling indicated one or more, WNW-trending quartzsulphide vein zones which possibly linked the two main showing areas over 1500 m. The vein zones were open on either end and much of the area between the showings had not been drill tested other than the Mid Ridge (northern edge) (Wells, 2005). In 2004, Yankee Hat entered into an option agreement with Richard Haslinger Jr. to acquire 100% interest in the property. Initial work by Yankee Hat involved property-scale airborne geophysical and stream geochemical surveys, and more detailed, systematic grid-based geological, geochemical and prospecting surveys on t he Bullion Alley Trend (Wells, 2005). An early season property-scale stream silt geochemical program indicated a much larger Au target area than indicated by previous exploration. A 45 line-km survey grid was established to cover most of this area. Soil geochemical, prospecting and g eological mapping outlined several east to southeast-trending Au ± Cu ± Ag targets in the west and c entral grid areas. A significant number of multi-gram Au values were returned from prospecting rock samples over a 1.7 km strike length.

12 9 Further work in 2004 included a compilation of Navasota drill hole data with hole collar surveys (GPS) that indicated many of the holes were poorly placed with several missing their target. Relogging and sampling of Navasota drill core indicated that many low grade (<1 g/t) Au intervals were poorly sampled (Wells, 2005). The airborne geophysical survey was completed in October, Preliminary magnetic and radiometric maps indicated several target areas proximal to the property, mainly to the south and southeast, which were staked between November 2004 and February 2005 and became part of the property. In the grid area, magnetic and radiometric anomalies locally showed good correlation with Au geochemical anomalies and known Au zones from drilling (Wells, 2005). In 2005, Yankee Hat continued property-scale exploration, including stream sediment geochemical sampling and more detailed exploration on the Bullion Alley Grid following recommendations made by Wells (2004b). Exploration on the Bullion Alley Grid included road building, trenching, induced polarization and magnetic geophysical surveys, as well as two phases of diamond drilling totalling m (Wells, 2006b). The regional exploration indicated a new gold target area about 5 km east to northeast of the Bullion Alley Grid where highly anomalous gold-in-silt values returned 500 to 3500 ppb. Prospecting and soil sampling was recommended in this area to evaluate if the anomalies are the result of glacial dispersion from the Bullion Alley Au zones or from local bedrock gold mineralization. The first phase of diamond drilling (five holes for 1167 m) mainly re-tested the original Navasota drilling in the Hill Top area. The second phase (11 holes for 1861 m) and was designed to test a 1 km-long section of the anomalous Au in soils/prospecting trend in the western half of the Bullion Alley Grid. This trend follows an east trending, steeply dipping, crowded feldspar porphyry (monzodiorite) dyke up to 250 m wide. The Phase 1 and 2 drilling results indicated multiple Au mineralized zones with Cu, Ag and locally Pb and Zn at either contact and within the intrusive complex. Highlights from the 2005 drilling include 7.89 g/t Au, g/t Ag, 0.54% Cu and 0.39% Zn over 4 m (hole FR ), 2.94 g/t Au over m, including 7.75 g/t Au over 3.34 m (hole FR ), 2.87 g/t Au over 8.83 m, including g/t Au, g/t Ag and 0.88% Cu over 0.61 m (hole FR ) and 4.13 g/t Au over 9.11 m (hole FR ) (Wells, 2006b). In 2006, Yankee Hat completed a m, 16 hol e summer program of diamond drilling with encouraging results. These holes helped to define the mineralized structure indicated in earlier drilling and extended the North Contact Zone to greater than 1000 m in strike length (Murton, 2007). In 2007, Yankee Hat completed a 3,397 m, 17 hole winter drill program targeting the westward extension of the North Contact Zone and the 250 m central gap left between holes drilled in 2006 (Murton, 2007). Results returned with some of the widest and highest grade intersections encountered to date on the property. Drilling successfully infilled the central gap to depths of 140 meters below surface and confirmed that the North Contact Zone is continuously mineralized over approximately 1,200 meters of strike length, with mineralization beginning near surface. The target remained open along strike in both directions (Yankee Hat Press Releases, July 17 26, 2007). The 2007 summer exploration consisted of prospecting, mapping, Induced Polarization (IP) surveys and soil sampling on two newly established grids covering an airborne magnetic anomaly (Grid A) and a strong silt and soil geochemical anomalous area (Grid B). At Grid A, 39 line-km of IP were completed on 400 m spaced lines and 597 soil samples were collected. The survey indicated a strong geophysical anomaly in the southern part of the grid, striking east-west over 3.2 km. At Grid B, 8 line-km of IP were completed on 400 m spaced lines and 395 s oil samples were collected. The survey showed three strong chargeability anomalies trending north northwest. In addition, a moderate chargeability anomaly that appears to correspond to a strong alteration zone was identified. A total of 27 outcrop samples were collected from the grid areas (Yankee Hat Press Release, October 18, 2007) Drill Program The drill program comprised eight diamond drill holes drilled from eight drill sites for a total of m of NQ core. Crews stayed at the Inzana Lake Lodge located 8 km south of the area of work. Ridgeline Diamond Drilling of Smithers, B.C. provided drilling services and the road was cleared of snow, when necessary, by grader operator Ernie Long of Fort St. James. Mobilization of the drill crew, drill, water

13 10 tank and materials was completed on December 6, Heavy snowfall created several problems that delayed the commencement of drilling until December 10, The program was completed on January 18, 2011 with a hiatus from December 20 to January 4. Water for the drill was held in a central water tank which was refilled by a water truck sourcing water from Inzana Creek. All eight holes were surveyed using a R eflex down hole survey instrument to obtain both dip and azimuth. The presence of pyrrhotite and magnetite in the rocks may have affected the accuracy of some of the readings. The drill core was placed in 5-foot long wooden core boxes and was driven to the core facility located on the property at E, N (NAD83 Zone 10). The core was then logged for geology and geotechnical data, photographed and it was then split using a manual splitter. Once split, half the core was placed in a sample bag and the other half was returned to the core box. The remaining core has been stored at the core facility with the rest of the historic core from the property. Blanks and duplicate samples were inserted into the sample stream at regular sample intervals. A total of 1185 core samples were shipped to the ALS Minerals lab in Terrace, BC. The sample pulps were analysed by ALS Minerals for gold (30 g aliquot) by FA-AA (fire assay-atomic absorption) and for 35 elements by Aqua Regia ICP-AES (inductively coupled plasma-atomic emission spectroscopy). Overlimit results for zinc were re-assayed. All gold results greater than 1 g/t Au were re-analysed by a gr avimetric technique on a 30 g aliquot. Complete analytical certificates can be found in Appendix D. A discussion of the quality control and quality assurance program is included in Appendix E. 7.0 REGIONAL GEOLOGY AND MINERALIZATION The Fran property lies within the Quesnellia Terrane of the Canadian Cordillera which represents a Late Paleozoic to Mesozoic island arc assemblage and i s part of the Intermontane Belt of the Canadian Cordillera. The Quesnellia Terrane comprises volcanic and s edimentary rocks of the late Triassic to Early Jurassic age Takla Group and coeval plutons (Figure 3). This assemblage is juxtaposed against the Cache Creek Terrane to the west along the Pinchi Fault and t he mainly Paleozoic age Wolverine and O mineca Complexes to the east. The Quesnellia Terrane in British Columbia features both alkalic (Au, Cu) and calcalkalic (Cu, Mo) porphyry deposits. Mt. Milligan is a significant alkalic porphyry deposit ( g/t Au, 0.20% Cu) (Terrane Metals, Oct. 2009) located 30 km to the northeast of the Fran (Figure 3). Several major north-westerly striking faults separate the Fran from the Mt. Milligan deposit area, and thick sequences of Eocene volcanics overlie the Takla Group in the central area. This area probably represents an interbasin graben (Nelson, 1991). Regional 1:50,000 scale geological mapping has been done in the property area as part of the Nation Lakes project of the BC Geological Survey Branch (Nelson, 1992a). The mapping in the Inzana Lake area is illustrated in Figure 3 (Nelson, 1991). Much of this mapping appears to have been along the better exposed ridge tops with little in the valleys between. The Takla Group in the property area is represented by the Inzana Lake Formation and consists of a northwest-striking sequence of grey, green to black siliceous argillite, grey to green volcanic sandstones and minor augite bearing crystal and lapilli tuffs. This sequence is transitionally overlain by Witch Lake Formation agglomerates, lapilli tuffs and epiclastic sediments east of the property (Wells, 2004). Takla to later age (Late Triassic or Early Jurassic) intrusive rocks mainly belonging to the diorite/monzodiorite suite occur throughout the area and range from narrow dykes to kilometre-scale stocks and local intrusion breccias (TAS breccia). Many of the larger bodies are elongate with west to northwest long axes. They commonly form the higher ground and correlate well with airborne magnetic (high) features. One of the main stocks is a porphyritic diorite body over 6 km long at the eastern edge of the Fran property that may extend well into the claims (Wells, 2004). Nelson s mapping suggests two discrete phases of folding in the Inzana Formation sedimentary rocks in the property area; F2 upright folds have northwest-trending axial traces and tightly refolded F1 hinges. During the 1980s significant exploration for alkalic porphyry Au-Cu deposits took place in this section of Quesnellia following the discovery of the Mt. Milligan deposit. Most of this exploration was north and

14 6,120,000 mn 6,100,000 mn BC Minfile Occurrences Developed Prospect Showing Producer Past Producer Prospect Anomaly 6,080,000 mn Regional Geology 400,000 me KTgr granite, alkali feldspar granite intrusive rocks ljcvc - Chuchi Lake Succession coarse volcaniclastic and pyroclastic volcanic rocks utrtca - Takla Group calc-alkaline volcanic rocks utrtw - Takla Group - Witch Lake Formation volcaniclastic rocks utrti - Takla Group - Inzana Lake Formation undivided sedimentary rocks TrJsy syenitic to monzonitic intrusive rocks LTrJsy syenitic to monzonitic intrusive rocks Faults Roads 420,000 me 2010 H Forestry Roads Claim Outline Fault Thrust Fault Regional Geology MAY 2011 UTM 10 - NAD83 440,000 me Yankee Hat Minerals Fran Gold Project 93K16, 93N01 1:250,000 OMINECA BC 3

15 12 northeast of Inzana Lake in the Nation Lakes area (Wells, 2004). The Minfile occurrences in the property area are shown on Figure 3. The large TAS property 10 km southeast of Fran features similar Au (Cu) mineralization and has received significantly more exploration (Wells, 2004). The majority of the exploration was conducted in the 1980s during the Mt. Milligan discovery-development period by Noranda Exploration, Black Swan Gold Mines and Goldcap. The early work documented several Au zones hosted in a propylitic to potassic altered and sheared, multi-phase diorite stock with extensive intrusion breccias hosted in Inzana Lake sedimentary rock and tuffs. More recent work on t he TAS property has outlined north to northwest trending sulphide-rich, fracture-vein replacement zones with variable amounts of pyrite, pyrrhotite and chalcopyrite. Of note is the East Zone with a reported 9.7 g/t Au (weighted average) across 3 m for 63 m strike length in trenches and the West Zone where several drill holes intersected significant core lengths (12.5 to 56.6 m) of 0.4 to 2.6 g/t Au. Higher grade intervals including 9.16 g/t Au over 1.5 m are associated with quartz-sulphide (pyrrhotite, pyrite) vein-wallrock replacements (Wells, 2003) very similar to those in Fran drilling on Bullion Alley. 8.0 PROPERTY GEOLOGY AND MINERALIZATION 8.1 Lithology Prior to 2004, the property geology, outside of Bullion Alley area, was poorly understood and relied on the regional mapping of Nelson et al. (1996) shown in Figure 4. The following discussion of property geology and mineralization is from Wells (2004a), based on 1998 geological mapping and drilling on the Bullion Alley Trend. A suite of porphyritic to equigranular intrusive rocks (Upper Triassic-Early Jurassic?) is hosted by Inzana Lake Formation, Takla Group (Upper Triassic) volcanic siltstone, mudstone and local tuffs (Figure 4). The intrusive rocks appear to represent a high level dyke swarm that is 200 to 300 m wide and trends through the drilling areas. Inzana Lake Formation dark siltstone and fine volcaniclastic rocks have been metamorphosed to hornfels and feature strong fracturing near intrusive contacts. The dykes have interpreted steep to sub-vertical contacts and consist of variably magnetic, equigranular to plagioclasehornblende porphyritic diorite to monzodiorite. Narrow, variably crowded feldspar porphyry dykes have an aphanitic groundmass and are generally non-magnetic. The petrographic-lithogeochemical study on N avasota drill core samples distinguished three main intrusive rock types that suggest a co-magmatic suite with transitional high-k calc-alkaline to silica saturated alkaline affinity (Wells, 2002): Monzodiorite (MD): This dominant intrusive rock type forms dykes and probable stocks. These whitegreen mottled, medium-grained diorite to monzodiorite appear equigranular but are actually crowded feldspar > hornblende porphyries. Groundmass phases include hornblende, quartz (<5%), K-feldspar, rhombic sphene, disseminated magnetite and minor secondary epidote and carbonate. Sub-rounded, variably assimilated centimetre scale xenoliths occur locally. Hornblende Porphyry (HP): generally form narrow dykes and feature euhedral 1-3 mm (but up to 2 cm) euhedral hornblende phenocrysts. The fine groundmass consists of K-feldspar > plagioclase, epidote and quartz. Remnant plagioclase phenocrysts may be present. Monzonite compositions are indicated. Plagioclase Porphyry (PP): These leucocratic, white to grey, crowded feldspar porphyries feature 1-4 mm euhedral plagioclase phenocrysts (some perthite) with local flow alignment with minor hornblende (chlorite-altered), sphene and rarer prismatic quartz. The extremely fine groundmass comprises quartz, plagioclase and K -feldspar. Narrow plagioclase porphyry dykes often appear syn-mineralization. The only sample taken from the KBE showing area was an intrusive of this type. The mineralogy of these intrusive rocks is consistent with dacite to rhyodacite compositions. Feldspar porphyry dyke swarms and s tocks have also been m apped as largely underlying the tillcovered areas in the north central grid and have a predominant easterly trend. Notably, there is a s trong spatial correlation between the stronger Au-Ag-Cu soil anomalies and t he intrusive rocks (especially vein, alteration and structural zones proximal to contacts with biotite hornfels) (Wells, 2006b).

16 LTrJsy ljcvc 405,000 me 6,100,000 mn 410,000 me 415,000 me 420,000 me utrtw KTgr 6,095,000 mn Benoit Lakes Benoit Lakes utrti Kalder Lake TrJdr 6,090,000 mn utrtca 6,085,000 mn Regional Geology KTgr granite, alkali feldspar granite intrusive rocks ljcvc - Chuchi Lake Succession coarse volcaniclastic and pyroclastic volcanic rocks utrtca - Takla Group calc-alkaline volcanic rocks utrtw - Takla Group - Witch Lake Formation volcaniclastic rocks utrti - Takla Group - Inzana Lake Formation undivided sedimentary rocks TrJsy syenitic to monzonitic intrusive rocks TrJsy Yankee Hat Minerals Fran Gold Project PROPERTY GEOLOGY MAP LTrJsy syenitic to monzonitic intrusive rocks MAY 2011 UTM 10 - NAD83 93K16, 93N01 1:100,000 OMINECA BC 4

17 14 Inzana Lake Formation, Country Rocks: Within the drilling area there are scattered outcrops of extremely fine-grained, green to black sedimentary rocks (mainly mudstone), cherty (altered) siltstone and local tuff. In drill logs, these units often consist of deformed, variably altered and l ocally banded biotite hornfels. The same drill logs indicate narrow intervals of augite porphyry flows (APF) within the sedimentary sequence. These commonly are bleached-altered with chilled contacts. Wells suspected that many of these flows actually are dykes, based on their drill log descriptions. 8.2 Structure Numerous faults and fault zones are apparent in the Bullion Alley and have a variety of interpreted trends including northwest and nor theast. Steep north dips appear to predominate. Drill logs indicate moderate to strong brittle deformation along some intrusive contacts, especially in the adjacent hornfels argillite (local brecciation and strong veining). Late chloritic structural zones in the drilling at Hill Top have interpreted shallow dips to the north. These are up to 20 m wide (e.g. H FR-001) and are comparable with structure exposed in the road bend to the east. A similar shallow dipping fault zone has also been interpreted (at depth) in the Roadside area in holes FR-005 to 008. Topographic linears and known fractures have E-SE and NE to NW orientations (near perpendicular). Some shallow dipping structures were also interpreted from the earlier drilling results. In the western clearing area, bedded Inzana sedimentary rocks have predominantly E to SE strikes and variable north dips (Wells, 2006b). Locally, bedding strikes northerly with east or west dips and northeast trending axial planes to tight folds. This suggests two phases of folding (coaxial) which agrees with observations by Nelson (1996). Porphyry and monzodiorite dyke orientations are highly variable but are mainly E to SE trending with generally steep dips. Hornblende porphyry units are clearly intrusive and may be sub-vertical or shallow dipping. The former commonly have NE to NW trends. A deep nor th-northeast trending overburden trough (glacial channel?) follows a t ributary of Inzana creek upslope from the Lower Showing area, crossing the Bullion Alley Trend and possibly follows a structural zone. Some displacement of the intrusive bodies is suggested across this feature. Continuation to the east is most probable into the Lower Showing (Roadside) intrusive area based mainly on similarities in alteration and mineralization. A northerly displacement of the main feldspar intrusive to the east of the fault has not been ruled out (Wells, 2006b). The author notes the potential of the Bullion Alley Trend to represent an en echelon-type structural vein system with offset to the southeast. Drill holes FR and FR are approximately 250 m downslope of the main Bullion Alley Trend intersected in holes FR FR These downslope holes have interpreted mineralization trends parallel to the main Bullion Alley Trend. 8.3 Metamorphism Mineral assemblages more distal to felsic intrusives suggest prehnite-pumpellyite to greenschist facies regional metamorphism. Contact metamorphism is widespread proximal to felsic dykes and stocks. Aureoles are generally narrow with flinty biotite hornfels; however it is often difficult to unequivocally distinguish biotite alteration from metamorphism. 8.4 Deposit Types The dominant style of mineralization in the Bullion Alley area can be classified as auriferous quartzsulphide veins and wallrock replacements that appear to be intrusion-related. The limited information on the KBE mineralization indicates an intrusion-hosted disseminated Cu-Au system with a probable porphyry affinity. The Bullion Alley Trend auriferous vein systems have several features in common with the Au deposits of the past producing Rossland Camp in British Columbia. This camp historically was the second largest Au producer in BC (3.5 M oz) with significant Ag and Cu. 98% of the ore was from the Main Veins of Le Roi, Centre Star, Nickel Plate, War Eagle and Josie orebodies (Wells, 2004). The intrusive settings for both Fran and Rossland mineralization are in the Quesnellia Terrane (Late Triassic to Early Jurassic age). The Fran setting appears to be at a more felsic, transitional alkaline-calc

18 15 alkaline and higher level than the alkaline Rossland monzonites. Rossland features a much larger intrusive mass with a broad thermal aureole (Wells, 2004). The styles of veining, vein mineralogy (metal distribution of Au, Ag, and Cu), high sulphide content, geometries, gangue mineralogy and alteration are very similar. Gold mineralized veins at Bullion Alley and Rossland are generally steeply dipping with fracture/fault fillings and wallrock replacements. K-feldspar wallrock alteration is not well documented at Rossland. The hornfels-contact related veins at Bullion Alley are similar to the augite porphyry-sediment hosted veins in the South Belt at Rossland. The gangue is more sericite and carbonate rich, also pyrite> pyrrhotite> sphalerite> arsenopyrite > galena (some variations). At Rossland these veins have lower Au (3 g/t), high Ag, Zn and insignificant Cu compared to the Main Veins. The Main Veins at Rossland were mined within a 600 b y 1200 m area and had variable southeast and southwest trends. These veins were centimetre to tens of metres in width, often with en-echelon ore shoots along strike and depth. The dip dimension was commonly greater than strike length, locally exceeding 1 km (Wells, 2004). 8.5 Mineralization The Bullion Alley Trend has been the focus of much of the historic exploration and several styles of Au mineralization have been not ed. The zone is characterized WNW-trending quartz-sulphide veins and veinlet stockwork zones in both deformed intrusive and hornfels country rocks proximal to contacts commonly associated with strong structurally-controlled chlorite alteration. The Bullion Alley Trend has been found to extend at least 1500 m between showings (Wells, 2006b) and has been intercepted in drill core along a length of 1200 m in the North Contact Zone (Yankee Hat Press Release, August 29, 2007). The zones dip steeply to the north and three parallel zones have been encountered in the drilling separated by m. Individual vein zones vary from 15 cm to 10 m width. The Bullion Alley terminates to the southeast between the Middle Zone and t he Lower Showing where significant overburden and an i nterpreted fault offsets the intrusive body to the north (Wells, 2006a). A surface examination of Fran mineralization by Wells for Placer Dome (1999) indicated a variety of styles of Au mineralization in the Bullion Alley Grid area. This mineralization is hosted by monzodiorite intrusions proximal to contacts with hornfels-metasediments. 1. Quartz veinlet stockwork zones with associated K-feldspar alteration in the Hill Top (Upper Showing) area. These were overprinted by later north dipping, chloritic structural zones and returned up to 0.83 g/t Au from 2 m chips (grab samples returned up to 3 g/t Au). 2. Also in the Hill Top area, deformed east trending quartz veins up to 50 cm wide with silicified and K- feldspar altered wallrock. These contain arsenopyrite, pyrite, galena chalcopyrite and brown sphalerite and returned Au values up to 19.4 g/t (1.8 metre chip sample) with significant Ag, As, Zn, Cu and Pb values. 3. In the Lower Showing (Roadside) area, NNW trending highly oxidized fracture zones with visible gold, grab samples returned up to 227 g/t Au and 19.8 g/t Ag. A fourth area of mineralization 400 metres south of 1 and 2, called the Middle Zone was located by U. Mowat (2000) in dark coloured hornfels adjacent to a dyke. One grab sample with very finely disseminated sulphides returned 7.68 g/t Au. The drilling programs by Navasota ( ) returned numerous multi-gram gold intersections with a variety of associated metals from Cu, Ag, Pb, Zn, Mo and As. Some of these featured visible gold. This mineralization is predominantly associated with structurally controlled quartz vein-alteration zones containing heavy sulphide concentrations, in particular pyrrhotite and/or pyrite, variable chalcopyrite, local sphalerite, arsenopyrite and molybdenite. The vein mineralization is intrusive or sediment (hornfels) hosted and at either edge of the dyke swarm. The Middle Zone and Hill Top (quartz-arsenopyrite vein) areas are proximal to the north intrusive contact, Hill Top and Roadside (Lower Showing) are proximal to the south. There are four main styles of vein mineralization outlined during a 2002 petrographic study (Wells, 2002):

19 Quartz-Sulphide Veins with Au, Ag (Cu) This is the predominant auriferous vein type in the drilling area and i s associated with the higher grade gold intersections. These veins have steep dips and are hosted by either intrusive rocks or hornfelscountry rocks proximal to contacts. The textures often indicate multi-stage veins and wallrock replacements along fracture zones and faults. Quartz is the main gangue mineral followed by carbonate, chlorite and epidote. There are highly variable amounts of sulphide minerals and silicate-carbonate gangue in the veins. Sulphides include fine to coarse-grained aggregated disseminations of pyrite and pyrrhotite. Minor dark Fe sphalerite, chalcopyrite, arsenopyrite and r are galena may be pr esent. Gold was observed in several thin sections and hand specimens with several modes: Sub-rounded to angular solid inclusions in massive pyrrhotite and less common pyrite. Some angular electrum inclusions up to 300 microns occur in pyrrhotite. As clusters of angular free gold grains up to 150 microns in vein quartz Gold and/or electrum veinlets and s tringers in fractured grains and at fractured quartz grain boundaries. Elongate grains are up to 100 micron. Extremely fine <5 micron to 60 micron gold inclusions in chalcopyrite. At sulphide grain boundaries: pyrite, pyrrhotite chalcopyrite and sphalerite, up to 40 micron grains. o The above gold modes are texturally both early (1) and late (2 to 5). Some remobilization of gold is suggested. Many quartz-sulphide veins feature narrow zones of intense K- feldspar alteration in their wallrock Polymetallic Veins Hosted by Country Rocks with Au, Ag, Zn, Cu, Pb and As Several Navasota holes encountered quartz-carbonate-sulphide veins and stockworks hosted by variably fractured country rock hornfels (siltstone, argillite). These veins and veinlets contain variable amounts of pyrite, pyrrhotite, sphalerite, galena and arsenopyrite. Gold values are generally much lower than in the previous vein type. They are often in the 0.1 to 1 g/t range and locally up to 8.25 g/t. Silver to gold ratios are noticeably higher in this type of vein and there are generally higher arsenic, lead and zinc values Amphibole Veins with Cu-Au (Ag) These are less common and hos ted by monzodiorite porphyry dykes mainly in the Lower Showing (Roadside) area. Medium to coarse grained pyrite and chalcopyrite are associated with deformed hornblende veins with finely disseminated chalcopyrite >pyrrhotite and pyrite in the wallrock. These vein intervals have returned Cu values up to 0.92%, Au up to 2.94 g/t, Ag up to 5.4 g/t and appear to be early stage (late magmatic) Quartz-Albite Veins This is a less common intrusive hosted vein type that was noted in the drilling at the Hill Top area. These veins feature variably deformed coarse grained quartz and tabular albite with interstitial carbonate, extremely fine arsenopyrite and pyrite. The wallrock is carbonate-epidote-sericite altered. Gold values are low to elevated, 100 ppb to 1.1 g/t. Fine quartz±epidote±chlorite±pyrite veinlets are mainly post mineral (rare chalcopyrite) and occur in monzodiorite and porphyries. These veinlets locally cut earlier mineralized veins. The KBE showing is the only other known occurrence on the property and features disseminated malachite within a s mall hornblende granodiorite plug that initially returned 196 ppb Au and 0.2% Cu (MINFILE 093N 203). Resampling of the KBE showing by Navasota in 2001 returned similar results of 0.19 g/t Au and 0.24% ppm Cu from narrow crowded plagioclase porphyry dyke with fine disseminated chalcopyrite and m alachite staining. Furthermore, Wells (2004) notes the Cu-Au mineralization of the KBE has a probable porphyry affinity. The size, extent, orientation, and mineralizing controls of the showing are all unknown; examination of this zone was not part of the 2010 / 2011 drill program.

20 DIAMOND DRILLING Eight holes totalling m were drilled on the Fran Property during the 2010 / 2011 program (Table 2). The main target of the drill holes was the downward extension of gold-bearing sulphide-rich quartz veins of the northwest-trending Bullion Alley Trend. Generally, the Bullion Alley Trend is interpreted to be comprised of three steeply northeast-dipping vein zones, steepening to the northwest and bec ome slightly less steep to the southeast. Holes FR to FR successfully intersected one or more of the Bullion Alley vein zones. Approximately 250 m to the southeast of the main Bullion Alley Trend are two parallel, southwest-dipping, mineralized veins that were targeted in holes FR and FR Both holes intersected mineralization. Most holes also intersected structurally-controlled chloritic fault zones that are commonly are associated with the veins. Complete drill logs are attached in Appendix C. Table 2: Diamond Drilling Summary Hole UTM Northing UTM Easting Elevation Number NAD83 NAD83 (m) Azimuth* Dip* Depth (m) FR FR FR FR FR FR FR FR *Collar survey ranging from 7 m to 37 m from surface Total: FR (Figure 6) This hole tested the down-dip extension of mineralization in drillhole FR , which returned m of 3.84 g/t Au, including 8.30 m (Zone 2) of g/t Au. Hole FR intersected Zones 1, 2, 3. Zone 1 was not encountered in FR The grade and width of Zone 2 mineralization is considerably lower than Zone 2 encountered in hole 074, whereas Zone 3 intersected in hole FR grade and width are comparable to holes FR and FR Zone From To Table 3: FR Significant Intersections Length (m) Au (g/t) Ag (g/t) As (ppm) Cu (ppm) Zn (ppm) incl < incl < incl or

21 18 Hole FR begins with siltstone hosting a minor chloritic fault zone at m on the fringe of the main monzonite unit encountered at m. The monzonite extends to m, hosting minor fault breccia with 40% pyrite (Zone 3) and chloritic fault zones before encountering hornfels. The hornfels, ending at m, hosts a 20 cm mineralized band of 10-15% semi-massive pyrite at 45 to core axis and minor faulting at m (Zone 2). Monzonite dominates the remainder of the hole, though it hosts a m inor hornfels interval. At , a 29 cm massive sulphide vein (Zone 1) is oriented at 35 to core axis with 35% pyrite, 35% pyrrhotite, 1-3% chalcopyrite, 5% sphalerite. Wispy sulphide stringer mineralization continues until 319 m. FR (Figure 7) This hole tested the down-dip extension of mineralization in drillhole FR , which returned 0.42 m of 8.07 g/t Au (Zone 1), 0.98 m of 8.31 g/t Au (Zone 2) and 0.59 m of 2.25 g/t Au (Zone 3) (Figure 7). Hole FR intersected all three zones. Zones 1 and 2 have lower grades and widths of mineralization than previously encountered; however, the grade and width of Zone 3 are considerably higher. Zone From To Table 4: FR Significant Intersections Length (m) Au (g/t) Ag (g/t) As (ppm) Cu (ppm) Zn (ppm) < incl < Hole FR begins in a coarse-grained felsic tuff unit, grading into hornfels until m, where a monzonite dyke is encountered to m. Hornfels continues to m with a moderate chlorite interval ( m) and 45 cm of gougey breccia (Zone 3). Hornfels and monzonite are inter-fingered until m, where monzonite continues to the bottom of the hole. At m, a 15 cm quartz vein with 25% pyrite is oriented at 25 to core axis, flanked by strong sericite and moderate chlorite (Zone 2). Zone 1 ( ) is a s emi-massive sulphide with strong chlorite and s ericite alteration, 5% stringer and aggregate pyrite and a 35 cm vein of 50% pyrite, 5% pyrrhotite at 40 to core axis. FR (Figure 8) This hole tested the down-dip extension of mineralization in drillholes FR and FR Zone 1 m ineralization returned 1.25 m of 13.2 g/t Au and 0.88 m of 6.71 g/t Au in the historic holes, compared to 0.80 m of 1.18 g/t Au in FR Zone 2 mineralization returned 4.85 m of g/t Au and 0.74 m of 4.54 g/t Au in the historic holes, compared to 0.70 m of 9.93 g/t Au in this year s hole. Zone 3 was not encountered in the historic holes nor was it in FR Zone 1 results are lower in grade but similar in width to the prior holes, whereas Zone 2 r esults are comparable to FR , but are much narrower than Zone 2 mineralization in FR

22 19 Table 5: FR Significant Intersections Zone From To Length As Cu Zn Au (g/t) Ag (g/t) (m) (ppm) (ppm) (ppm) 3? < incl and Hole FR begins with a lengthy interval of siltstone that ends with a felsic hornblende porphyry intersected at m. Hornfels intervals from m and m split the porphyry unit before a strongly pyritic fault breccia at marks the contact with a monzonite dyke from m. A hornfels unit with minor monzonite intervals extends to m with an intensely bleached zone at m. Monzonite dominates to the bottom of the hole with minor hornfels intervals and three sulphide-rich quartz veins with associated strong chlorite and sericite. At m, a quartz vein contains 20% pyrite, 3-5% chalcopyrite and trace sphalerite. Another quartz vein at m hosts 15% pyrite, 5% chalcopyrite, and trace sphalerite vein at to core axis. A third quartz-calcite vein at m contains 60% pyrite and minor fault gouge. FR (Figure 9) This hole tested the down-dip extension of mineralization below drillholes FR , FR-07-68, FR and FR Zone 1 was only intersected in FR with a returned value of 1.05 m of 11.3 g/t Au. FR intersected Zone 2 with 6.39 m of 2.03 g/t Au, FR reported 0.5 m of g/t Au, FR returned 0.4 m of 5.14 g/t Au, and FR returned 0.5 m 20.5 g/t Au. FR has a comparable width for Zone 2, though with a lower grade. Sulphide mineralization encountered between m was interpreted to represent the down-dip extension of Zone 1; however assay values were consistently low in this zone. Table 6: FR Significant Intersections Zone From To Length As Cu Zn Au (g/t) Ag (g/t) (m) (ppm) (ppm) (ppm) incl > incl Hole FR begins in siltstone and intersects a chloritic fault zone from m, with siltstone continuing to m. A short interval of monzonite is faulted off at m and continues again at

23 m with two more faults ( m and m) cutting the monzonite which continues to m. The second fault is commonly brecciated with minor zones of pyritic fault gouge. At , a 25 cm quartz-calcite vein, hosting 15-20% arsenopyrite, 5% pyrite at 25 to core axis, cuts the monzonite along its contact with hornfels downhole. Hornfels continues to m, hosting a monzonite interval at m with 20 cm of fault gouge. Another monzonite dyke is present from m, with hornfels continuing until m, followed by a short interval of a hornblende porphyry unit. From m, monzonite and hornfels alternate; further down, monzonite dominates with less common hornfels intervals, to m. At is a 1.42 m quartz sulphide vein with 25-30% pyrite, 2-3% pyrrhotite, 0.5% chalcopyrite at 35 to core axis (Zone 2). Zone 1 was interpreted as being hosted in a hornfels unit between m with two semi-massive sulphide zones at m and m. A minor monzonite interval to m was encountered with hornfels continuing to the bottom of the hole. FR (Figure 10) This hole targeted down-dip extensions of mineralization encountered in FR and FR , which both encountered Zone 1 but did not encounter Zone 2. Zone 1 intersections were 4.00 m of 7.91 g/t Au, including 0.50 m of 55.3 g/t Au for FR and 8.58 m of 5.18 g/t Au, including 2.40 m of g/t Au for FR Comparably, FR is lower grade but similar in width to the previous holes for Zone 1, and notably its best intersection is in Zone 2. Table 7: FR Significant Intersections Zone From To Length As Cu Zn Au (g/t) Ag (g/t) (m) (ppm) (ppm) (ppm) incl incl or incl and or and incl or or Hole FR starts in monzonite with strong oxidation down to m, with a hor nfels unit extending to m. The end of the hornfels unit has moderate to strong bleaching and moderate chlorite alteration before grading into a 61 cm massive sulphide zone with entrained quartz and c alcite stringers, hosting 60% pyrite and 3% pyrrhotite, oriented at 25 to core axis (Zone 2). Hornfels and monzonite units alternate down to where the hole encountered a strongly chloritic fault zone with common fault breccia and gouge to m. A short interval of monzonite sits between it and another brecciated fault zone from m. The remainder of the hole is monzonite and hos ts Zone 1 m ineralization from , focused between m, featuring strong chlorite and sericite surrounding a 17 cm quartzpyrite-pyrrhotite-chalcopyrite vein oriented at 35 to core axis.

24 21 FR (Figure 11) This hole was drilled to test the up-dip extension of Zone 1 mineralization encountered in FR , FR , and FR , which returned 2.43 m of 3.47 g/t Au, 9.55 m of 8.50 g/t Au, including 0.52 m off g/t Au, and m of 0.98 g/t Au, respectively. FR is comparable in grade to the down-dip extension of Zone 1 encountered in FR , but much narrower in width. This year s hole is considerably lesser in grade and width than the Zone 1 intervals encountered in both holes 054 and 055. Table 8: FR Significant Intersections Length As Cu Zn Zone From To Au (g/t) Ag (g/t) (m) (ppm) (ppm) (ppm) Hole FR cuts monzonite from surface to m, with hornfels extending to m where there was poor recovery of semi massive pyrite, interpreted as Zone 1. The remainder of the hole cut alternating units of monzonite and hornfels, ending with a long interval of monzonite beginning at m. FR (Figure 12) This hole targeted a mineralized zone parallel to and 250 m south of the main Bullion Alley Trend targeted by holes FR to FR This hole also infilled the gap in data between holes FR and FR to the southeast and FR to the northeast. Intersections in this zone were 9.11 m of 4.13 g/t Au, including 1.40 m of 18.0 g/t Au for FR , 0.33 m. It is interpreted that mineralization intersected in this hole extends to the zone encountered in FR , which was not encountered in holes FR and FR , as they were drilled too far south. The mineralized zone in FR is welldefined and is encouraging is it represents the best intersection of this year s program. Table 9: FR Significant Intersections From To Length (m) Au (g/t) Ag (g/t) As (ppm) Cu (ppm) Zn (ppm) incl or and and and and < incl Hole FR begins with monzonite to m where it intersects 1.05 m of semi-massive sulphide with strong chlorite, moderate sericite, silica, fault gouge in places, 35 c m of 25% semi-massive pyrite, 60 cm of 30-40% net-textured, pyrrhotite and trace chalcopyrite, oriented at 25 to the core axis. From

25 m, the remainder of the hole encountered monzonite, with all mineralized zones associated with chlorite±sericite alteration or quartz-calcite+pyrite±pyrrhotite±sphalerite±arsenopyrite veins. FR (Figure 8) This hole targeted another mineralized zone parallel to the zone encountered in FR , which was originally encountered in FR to the southeast. A second downslope mineralized trend oriented parallel to the main Bullion Alley Trend is interpreted to extend to FR from FR , which has assay values of 8.83 m of 2.56 g/t Au, including 0.61 m of g/t Au. The width and grade of mineralization in FR is lower than in FR-05-36, but there are several multigram intervals, commonly hosted by faults, providing encouragement. Table 10: FR Significant Intersections From To Length (m) Au (g/t) Ag (g/t) As (ppm) Cu (ppm) Zn (ppm) < incl and incl incl and incl and Hole FR intersected monzonite down to m with a minor chloritic fault zone cutting the unit at m. Another fault zone is located at m. Poor recovery from m of a variably chloritic zone hosting 5 cm of semi-massive pyrrhotite ends the monzonite unit, which grades into hornfels at m and continues to m. Monzonite with 3-5% veinlet-hosted pyrite, moderate silica, chlorite, and sericite extends to , returning to hornfels, which is faulted off at m. The fault is characterized by poor-recovery, clay-rich fault gouge with a c hloritic pyrite zone at 35 to core axis. Monzonite dominates to the end of the hole, except for a hornfels interval from m.

26 DISCUSSION AND CONCLUSIONS The drilling targeted the down-dip extents of mineralized zones which had been previously drilled within the Bullion Alley Trend. All of the holes intersected mineralized structures and veins hosting Au, confirming the down-dip extension of mineralized vein zones from the historic drilling. However, the veins are interpreted to pinch out at depth because grades were generally much lower and intersections narrower compared to the historic drilling. This limits the potential to expand the Bullion Alley Trend to depth. Extending the Bullion Alley Trend to the northwest is also limited as several drill holes in this direction have not returned significant Au values. The Bullion Alley Trend may represent an en echelon-type vein system with offset and extension to the southeast. Drill holes FR and FR were drilled 250 m downslope (SW) of the main Bullion Alley Trend. These downslope holes include the best intersection from this program (1.05 m of g/t Au within a larger zone of m of 1.34 g/t Au in FR ) and are interpreted as a vein zone parallel to the main Bullion Alley Trend. The mineralized intersection in FR is interpreted as the up-dip extension of mineralization encountered in FR , though is lower grade but similar in width to the historic hole, leaving it open at depth. Also, the downslope veins strike towards the Lower Showing area; however there is a fault interpreted from previous mapping (Wells, 2006a) offsetting the main Bullion Alley intrusive body approximately 1000 m to the north. Whether these veins encountered in Holes FR and FR continue to the Lower Showing area or whether they have been offset within the intrusive body is unknown. This downslope trend has potential to expand the extent and increase the grade of the Bullion Alley mineralized zones as no drilling has been conducted to the southeast of FR (except FR which is probably too far south to intersect the vein). Northwest-trending regional anticlines in the relatively incompetent Inzana Lake sedimentary rocks were mapped by Nelson (1991). It is interpreted that the mineralization encountered in holes FR and FR are on the south-western limb of the anticline, whereas the Bullion Alley Trend encountered in the first six holes are on the north-eastern limb. There is evidence the anticline may cut though these zones as the interpreted Bullion Alley Trend intersected in holes FR to FR steepens to the northwest, possibly nearing the fold hinge. Folding may have provided the structural trend that created the initial pathways for the quartz-sulphide-rich fluids to form the Bullion Alley veins. Rebagliati (1990) indicates that small, high-grade veins, such as the Esker vein at Mount Milligan, and perhaps the Bullion Alley Trend, may signal the presence of a nearby large tonnage, low grade deposit. The source of the mineralizing fluids could be the monzodiorite dykes intruding the Inzana Lake sedimentary rocks or perhaps another intrusive body, such as the granite KBE intrusion at the north of the Fran property or the TAS intrusion breccia south of the property. As such, the Bullion Alley Trend may be related to a larger, nearby deposit. Only limited exploration has been carried out on the granitic KBE intrusion and its coincident magnetic and chargeability anomalies. One of the samples taken from the KBE showing area was from a narrow plagioclase porphyry dyke and thought to be syn-mineralization (Wells, 2002). Nelson et al. (1991) documented the potential for alkaline porphyry copper-gold deposits where the Takla Group is exposed, specifically where small intrusions associated with strong potassic-propylitic-pyritic alteration haloes and coincident magnetic anomalies occur. Nelson concluded that recognition of these alteration zones, both through field tracing of sulphide-rich areas and through petrographic determination of potential porphyryhosting mineral assemblages, is an important aspect of porphyry exploration efforts. Future exploration on the Fran property should focus on combining past and future results from property scale mapping, magnetic, resistivity, chargeability, radiometric, and geochemical surveys that will aid in identifying sulphide-rich zones and porphyry-style alteration that have greater potential for hosting a bulk tonnage, low grade deposit. Future exploration work of the Fran property should include: Digitally compiling regional property geochemistry, geophysics and g eology, including property-scale mapping, to identify target areas with potential for bulk tonnage-porphyry mineralization focusing on broad areas of anomalous Cu, Au, Ag with coincident regions of magnetic, chargeability, resistivity and/or radiometric highs

27 24 Property-scale mapping aimed at identifying additional intrusive bodies and z ones of porphyritic-style alteration Detailed mapping in the Bullion Alley Trend area to refine historic mapping and define the strike length of Bullion Alley mineralization southeast of FR , including whether the mineralization zones are offset to the north with the intrusives or are continuous to the Lower Showing area The porphyritic diorite body at the south-eastern edge of the property and the KBE granite body in the north-central region of the property where limited work indicates a disseminated Cu-Au mineralization system with a probable porphyry affinity, should be evaluated for bulk tonnage deposits by: Expand I.P. and magnetometer surveys on the granite intrusion to extend coverage on the grid area. Follow up m apping and prospecting on an omalous zones identified with I.P. and magnetometer surveys on both intrusions Grid soil surveys over any zones discovered with porphyritic alteration styles, as well as the granite and di orite bodies at the north-central and south-eastern regions of the property, respectively. Deep-penetrating soil geochemical surveys over areas with thick glacial or glaciofluvial overburden. Respectfully submitted, Thomas K. Branson, B.Sc., GIT EQUITY EXPLORATION CONSULTANTS LTD. Vancouver, British Columbia May 20 rd, 2011

28 Appendix A: Bibliography

29 Bailey, D.G. (1990): A Geological Examination of TAS Prospect, Omineca Mining Division, BC. Assessment Report. Mowat, U. (2000): Compilation and Sampling on the Fran Claims, Omineca Mining Division. Assessment Report # 26,282. Murton, J.W. (2007): Assessment Report for the 2006 Diamond Drilling Program on the Fran Property, Omineca Mining Division, B.C. for Yankee Hat Minerals Ltd. Nelson, J. L., Bellefontaine, K.A., Green, K.C. and MacLean, M. (1991): Regional Geological Mapping near the Mount Milligan Copper-Gold Deposit (93K/16, 93N/1) in Geological Fieldwork 1990, B.C. Ministry of Energy, Mines and Petroleum Resources, Paper Nelson, J. L., Bellefontaine, K.A., Green, K.C. and MacLean, M. (1992): Geological and Mineral Potential of the Wittsichica Creek and Tezzeron Creek Map-areas (93N/1, 93K/16): B.C. Ministry of Energy, Miners and Petroleum Resources, Paper Nelson, J. L., Bellefontaine, K.A., Green, K.C. and MacLean, M. (1992a): Regional Geological Mapping in the Nation Lakes Area (93N/2E, 3E); in Geological Fieldwork 1991, Grant, B. and Newell, J.M., Editors, B.C. Ministry of Energy, Mines and Petroleum Resources, Paper Nelson, J. L., Bellefontaine, K.A., (1996): The Geology and Mineral Deposits of North-Central Quesnellia; Tezzeron Lake to Discovery Creek, Central British Columbia- B.C. Ministry of Employment and Investment, Energy and Minerals Division, Geological Survey Branch, Bulletin 99. Rebagliati, CM., (1990): Mount Milligan - Alkalic Porphyry Cu-Au Deposits; Geological Association of Canada, Mineralogical Association of Canada, Program with Abstracts, Volume 15, page A109, Vancouver. Terrane Metals Corp., (2009) NI Technical Report-2009 Feasibility Update Study Mt. Milligan Property-Northern BC, Oct 23, 2009 Warner, L. M., Kay, B.G. (2002): Assessment Report on Diamond Drilling for the Fran Property, Omineca Mining Division, B.C. for Navasota Resources. Warner, L. M., Kay, B.G. (2003): Assessment Report on Diamond Drilling for the Fran Property, Omineca Mining Division, B.C. Wells, R.C. (1999): Geological-Geochemical Assessment Report tor the Fran Property, Omineca Mining (Division, B.C. for Placer Dome North America Ltd. Wells, R.C. (2002): Petrographic, Lithogeochemical and Interpretative Report on drill core samples taken from the Bullion Alley Zone, Fran Property, Omineca Mining Division, B.C. Wells, R.C. (2003): Petrographic, Geochemical and Interpretative Report on the Geological Setting of Gold Mineralization on the West Zone Area, Tas Property, Omineca Mining Division, B.C. Wells, R.C. (2004a): Report on Exploration on the Fran Property, Omineca Mining Division for Yankee Hat Industries Corp. NI Report. Effective Date: 31 March, Wells, R.C. (2004b): Addendum to NI Report on the Fran Property. Omineca Mining Division. Effective Date: 31 March, Wells, R.C. (2005): Geological, Geochemical and Geophysical Report, 2004 Exploration Program for the Fran Property. Assessment Report for Yankee Hat Minerals Ltd. Wells, R.C. (2006a): Geochemical Report (Stream, Sediment and Topographic Base Maps) on the Fran Property. Assessment Report for Yankee Hat Minerals Ltd. Wells, R.C. (2006b): Report on 2005 Exploration on the Fran Property Omineca Mining Division, BC for Yankee Hat Minerals Ltd.

30 Appendix B: Statement of Expenditures

31 STATEMENT OF EXPENDITURES FRAN PROPERTY Fieldwork: December 2, 2010 to January 23, 2011 PROFESSIONAL FEES AND WAGES: Henry Awmack, P. Eng $650/day $ 1, Robin Black, Project Geologist $650/day 17, Thomas Branson, Geologist $650/day 32, Scott Parker, GIS / Logistics 4.50 $75/hour Doug Quock, Senior Sampler $325/day 11, Neil Rushton, First Aid $400/day 15, Colin Slauenwhite, Project Manager 0.25 $575/day Agata Zurek, GIS $75/hour 1, $ 81, EQUIPMENT RENTALS Chainsaw Field Computers First Aid Equipment (Level III) Generator Micromine Software Rental Truck Insurance Satellite Phones (Iridium) 2 $30/day $ $40/day 3, $30/day 1, $35/day $25/hour $10/day $75.00/week $1.89/min $ 6, EXPENSES: Chemical Analyses $ 33, Field Consumable 1, Materials and Supplies 4, Plot Charges 2.84 Meals Accommodation 70, Taxis and Airporters Parking Truck Rental (Non-Equity) 3, Automotive Fuel 1, Busfare 63.00

32 Airfare 4, Courier Freight 15, Bulk Fuel 8, Geophysical Equipment Rental 1, Satellite Phone Rental (Non-Equity) 3, Radio Rental (Non-Equity) 1, Downhole Survey Tool Rental (Non-Equity) 6, Water Truck 15, Drilling: Mob/Demob 12, Drilling: Footage 187, Drilling: Materials 11, Drilling: Coreboxes 4, Engineering 73, Expediting $ 461, SUB-TOTAL: $ 549, PROJECT SUPERVISION CHARGES: $ 62, TOTAL: $ 612,140.97

33 Appendix C: Drill Logs MINERALS AND ALTERATION TYPES Act actinolite Fp feldspar Mc malachite As arsenopyrite Ge goethite Mg magnetite Bi biotite Gl galena Mn Mn-oxides Blc bleaching Gr graphite Ser sericite Cc calcite Hb hornblende Mu muscovite Chl chlorite He haematite Po pyrrhotite Cp chalcopyrite Ja Jarosite Py pyrite Cly clay Kao koalinite Qz quartz Ep epidote Kf potassium feldspar Sil silicification Li limonite Sp sphalerite STRUCTURES ABBREVIATIONS AND agg aggregate Fol foliation Shr shear(ing) Ban band(ing) Fra fracture(s) Str stringer(s) Bre brecciation Lam lamination(s) VN vein(ing) Flg fault gouge lct lower contact VT veinlet(s) Flt fault Ls slickenside Vsw stockwork dis disseminated MD mafic dyke xtal crystal Porp Porphyritic ALTERATION INTENSITY w - 1 weak s - 3 strong m - 2 moderate i - 4 intense Tr trace

34 DRILL LOG Project: Hole Location: Logged by: Drilled by: Assayed by: Fran FR T. Branson Ridgeline ALS Chemex m North m East Core Size: NQ Date Started: Date Completed: 2010/12/ /12/14 Dip Tests By: Reflex Collar Elevation (m): Azimuth (º): Dip (º): Length (m): Horizontal Projection: Vertical Projection: Objective To test the down dip extension of Bullion Alley Zone mineralization previously intersected in drillhole FR Summary Log: m Casing m Siltstone - fine-grained, varying alteration, zones of brecciation, silicification and bleaching m Fault Zone - strongly clay, chlorite and sericite altered m Monzonite - fine to medium-grained crowded-feldspar matrix, moderate sericite and chlorite m Siltstone - fine-grained, weak sericite and chlorite, common narrow calcite stringers m Monzonite - fine to medium-grained, more abundant feldspar than above, strongly broken and common fault gouge, moderate calcite, sericite and chlorite m Fault Breccia - angular quartz breccia grading into argillitic breccia m Monzonite - cm-scale mafic xenoliths, weak to strong chlorite, calcite and sericite, pyrite commonly hosted in veinlets, disseminated and as blebby aggregates m Fault Zone - weak to moderate chlorite, clay and sericite alteration, moderate calcite, 1-3% disseminated and aggregate pyrite m Monzonite - fine to medium-grained equigranular, weak to moderate chlorite and sericite, patchy epidote, Broken, brecciation and fault gouge in places m Fault Zone - brecciated, grading into minor hornblende porphyry, 1-10% veinlet and disseminated pyrite including 10 cm 15-20% semi-massive pyrite m Monzonite - weak sericite and chlorite, 1-2% pyrite hosted in fractures and veinlets m Hornfels - fine-grained, variably altered by silica, chlorite, calcite m Monzonite - common calcite stringers, moderate sericite, chlorite and weak epidote m Hornfels - fine-grained, common calcite veinlets, weakly silicified, minor disseminated pyrite m Monzonite - up to 5% accessory magnetite, cm-scale, mafic xenolithic fragments and calcite veining common, pyrite disseminated and veinlet-hosted m Massive Sulphide - 35% pyrite, 35% pyrrhotite, 1-3% chalcopyrite, 5% sphalerite, approximately 15cm true thickness, at 35 to core axis m Monzonite - fine-grained grading to medium-grained, moderate chlorite and sericite, patchy epidote, wispy pyrite+chalcopyrite+sphaleite-quartz stringers below massive sulphide

35 DRILL LOG Project: Hole ID: Fran FR Downhole surveys: Depth Dip Azimuth Hole ID: FR

36 CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Casing Casing Siltstone J Siltstone J J Grey to dark grey siltstone with fine-grained sand grains hosted, lithic to J feldspathic. Varying alteration through unit and hosts zones with strong brecciation, silicification, and bleaching/clay alteration. « Cc Str 1-2% 1-3mm» « Cc VT mm» flg 5cm > flg 3cm > flg 90 8cm > 15 0 « Sil 2-3*»«Cc 1*» VN 0 4 cm, QZ > « Li 1*» « Bre 2-3*» Angular brecciation of clasts from fine-grained to pebble-sized hosting quartz and calcite infill « dis Py %» Py VN 10 15mm > 5 cm halo of 5% dis Py Py VN 10 5mm > 20 « Cc Str 0.5% 1-3mm» Cc VT 20 3mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 1 of 20

37 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Blc Bre 30 20cm > Fault gouge? flg 30 4cm > « Chl Monzonite» « Rounded Bre 3*» « dis, VT-hosted Py 1%» « fra-coating Gr 1-3% 1-2mm» dominant Shr cm > « Sil 2-3*» 25 Broken with poor recovery « Ser 1-2*»«Chl 1-2*»«Cy 2-3*» «Cc 1-2*» «Qz VN 1-2% 5-25mm» Ls 90º > Common through above interval. 90º lct 90 > Gougey and broken Fault J Fault Zone J mm bladed crystals altered by clays, matrix altered by chlorite and sericite. 30 « Ser 2-3*»«Chl 2-3*»«dis Py 1-2% 1mm» «fra 50-90º 1-2mm» coated by chlorite Cc VN 30 1cm > « Cy 1-3*»«Cc 1*»«Chl 1*»«Ser 1*» «dis, rarely blebby Py %» flg 8cm > lct 45 > Broken and approximate Monzonite J Monzonite J Fine to medium-grained Feldspar-crowded hornblende with weak to moderate sericite and chlorite alteration. Chlorite forming along fractures. « Ser 1-2*»«Chl 1-2*»«dis Py Tr-0.02%» /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 2 of 20

38 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Qz+Cc VT 1% 1-2mm» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « flg» Broken with poor recovery lct > Siltstone J Siltstone Grey fine-grained siltstone with regular calcite stringers. Weak sericite and chlorite. « Cc Str 1-3% 1-3mm»«Chl 1*»«Ser 1*»«str-hosted Py Tr-0.5%» lct > Broken Monzonite J Monzonite J J Grey-green to dark grey, fine to medium-grained, less mafics and more feldspars J in matrix than previous interval further up in the hole. Also strongly broken J and gougey with moderate to strong chlorite, sericite, and calcite alteration J with bleaching in places J J « Ser 2-3*»«Chl 2-3*»«dis Py Tr» «Cc 2*» J «Gr 1-3*» primarily fracture-coating J J « Cc VT 1-2% 1-5mm» J « flg» J « bre flg 30» J « flg» Possibly oriented at 20-30, indicated by more J competent zones J J « Ser 1-2*»«Chl 1-2*» J « dis blebs, agg, fra+vt-hosted Py 1-2% 1-3mm» J Cc+Qz VN 10 1cm > « Cc+/-Py Str 1% 1-2mm» Py VT's 40 1mm > Py VT's 0-5 1mm > /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 3 of 20

39 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « flg» Qz VN 40 4cm > « flg» 55 Rubbly core from m. « Bre» competent zone Py VT's 60 1mm > 60 « Cc Str 1-3% 1-3mm» « Ep 1*» « Cc VT mm» « Py VT mm» 65 « dis, rarely blebby Py Tr-0.1%» « gougey Bre» « fra+vt-hosted, rarely blebby Py % 1-3mm» « fra-coating Gr Fra > « flg» Cc VT mm > 70 « bre flg» Qz+Cc+Py VN 40 1cm > 40 « Qz+Cc VN 15 2cm > « flg» Very poor recovery from m « dis, VT-hosted Py %» lct 40 > Marked by quartz breccia /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 4 of 20

40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Fault Fault Breccia J J Angular quartz breccia grading into angular chloritic monzonite breccia grading into less-altered monzonitic breccia and back into chloritic breccia « Qz+Cc Bre»«Ser 1*» « Chl Bre» with flg 3cm > « Monzonite Bre»«Cc 2*» « Chl Bre»«Gr 2*»«Ser 2*»«Cc 1-2*» lct 35 > Monzonite J Monzonite J J Fairly uniform texture (equigranular) and composition of feldspar hornblende J porphyry with some minor zones of strong silicification, gouge and brecciation J Hosts rare dark grey fine-grained, rounded cm-scale xenolith clasts, commonly J magnetic. Weak to strong chlorite, sericite and calcite throughout, weak J epidote in place. Pyrite commonly hosted in veinlets, 1-3cm aggregates, and J disseminated J J « Ser 1*»«Chl 1*»«Ep 1*» J « str+vt-hosted Py Tr-0.5%» J J Cc VT 45 3mm > J J « Cc+/-Py Str mm» J flg 5cm flg 5cm > J « Cc Str 1-2% 1-5mm» /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 5 of 20

41 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Qz VN 70 1cm > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Qz VN 55 5mm > Ep+Cc Fra 60 > Cc+PY VT's mm > « dis, VT-hosted and fra-coating Py Tr-0.3%» Blebby, fra-related Py 5% > « Tr dis Py» « QZ+/-Cc VN+VT's mm» « Ser 1*» S-Sil, W-Chl Tr dis Py Hornfels 45 20cm > S-Sil, W-Chl, Tr dis Py Hornfels 25cm > Angular breccia first 4cm « Chl 2*»«Ser 2*»«Tr Ep» « dis, VT-hosted Py 0.5-1%»«Cc Str 1% 1-5mm» Qz+Ep VN 45 5mm > % « Py VT's mm» « fra 35-45» Vuggy, Cc Bre 3* 20cm > « dis, VT-hosted Py 0.1-1%» %Py+1%CP VN 70 2cm > 3-5% « Cc VT's mm» Commonly weathered out leaving vuggy appearance /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 6 of 20

42 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample flg 3cm > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « S-Sil, M-S Chl, M-Ser, S-Cc, 1% PY Bre 2*» « Bre flg 2-3*»«Cly 3-4*»«Ser 1*»«Cc 2-3*»«dis Py %» Mostly competent core « xtal-rich MD» « Cly 3*» « Ser 1-2*» 110 « Bre 2-3*»«Dis aggregates Py 1-2% 1-3mm» « VT+VN-hosted, dis Py 1-3%»«Chl 2*»«Cc 1-2*» «Cc VT mm» Cc+Py VN 30 4mm > lct > Broken and indistinct Fault J Fault Zone J Mafic? groundmass with clay altered crystals, hosting brecciated faulting. « Ser 1-2*»«Chl 1*»«Cly 1-2*»«Sil 1*»«dis agg Py 1-3% 1-25mm» « Bre 2*»«Cc 1-2*» lct > Broken and indistinct 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 7 of 20

43 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Monzonite J Au ppb Ag As Cu Zn ppm ppm ppm ppm J Monzonite J J Fine to medium grained, equigranular with weak to moderate chlorite, sericite, J and patchy weak epidote. Broken, brecciated and gougey in places and hosts two J short zones of semi-massive pyrite. Trace disseminated aggregates of pyrite J with minor zones of more abundant pyrite J J «Chl 1-2*»«Ser 1-2*»«patchy Ep 1» J J « dis agg Py 1-2%» J « Bre flg 2*»«Cly 3*» J « Bre 2*» Ser 0 4 Sil 0 4 Chl 0 4 Ep 0 4 Ge 0 4 « Bre-hosted Py 8%» « Semi-massive Sulphide Py 40%» approximately 45 deg tca 125 « Vuggy Cc VN 1-2% 1-15mm» « Cly 2*» « Cc Vsw 3-5%» « Cly 2*»«flg» « Bre 1*» « Cly 2-3*» Slickenside Ls 0 > « Bre 2*» « Semi-massive Sulphide Py 10-15%» 0 « VT-hosted Py %» lct 60 > Marked by Py VN mm > 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 8 of 20

44 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm Fault J Fault Zone J Grey, brecciated, weak to moderately silicified hosting veinlet hosted and disseminated pyrite, trace chalcopyrite. Grades into hornblende porphyry with <5% hornblende crystals Ser 0 4 Sil 0 4 Chl 0 4 Ep 0 4 Ge J « VT, dis agg Py 1-10% 1-15mm» Semi-massive Sulphide PY 15-20% 10cm > Tr agg CP 1-2mm > « Sil 2-3*»«Cly 1-2*»«Ser 1*» « Hornblende Porpyry 5% 1-3mm»«VT-hosted Py 1%» lct > Brecciated contact grades into monzonite Monzonite J Monzonite J J Grey, medium-grained equigranular, with weak sericite and chlorite, pyrite J hosted along fractures and veinlets, also disseminated in places. Brecciated, J rubbly and gougey in places. Calcite veinlets common at low angle to core J axis J J « Ser 1*»«Chl 1*» Chlorite mainly along fractures J « Sil 1-2*» J J « fra+vt-hosted Py 1-2%» J J « fra+vt-hosted, dis Py %» J J Py VT 0 1-2mm > J J « flg» includes a void in bedrock encountered during J drilling J /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 9 of 20

45 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser 0 4 Sil 0 4 Au ppb Ag As Cu Zn ppm ppm ppm ppm J Poor recovery, very broken from Consistent lithology and pyrite J mineralization J Chl 0 4 Ep 0 4 Ge 0 4 « Cly 3*» « Bre flg» « flg» « Sil 1*» « Cc 1-2*» Cc+/-Py VN mm > « Ser 1*» 155 « Sil 2-3*» «Cc+/-Py VT mm» crosscutting «Cc+/-Py VT mm» Cc+Py Str 1% 10cm > « Cc+Py VT mm» « Bre 1*» « Cly 1-2*» 160 « Bre 2*» Cc VN 25 4mm Ls 25 > 25 « Ep 1*» « Ser 2*» « Cc Vsw 5-10% 1-15mm» « Cly 1-2*» « Chl 1*» « Cc 1-2*» 165 « dis Py % 1-2mm» « dis, VT-hosted Py 0.5-1% 1-2mm» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 10 of 20

46 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Brittle Shr 20 10cm > « Blc 3*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Fp 1*» 170 « Ser 2*» « Chl 2*» Shr 40 > lct 40 > Rubbly at contact but marked by shearing Hornfels J Hornfels J Strongly altered by silica, K-spar, sericite, chlorite and calcite. Pyrite very J J common, hosted in veinlets, fractures wispy and blebby aggregates, disseminated J and semi-massive in one place. Brecciation and fracturing common. Laminations J also present J « Fp 1-2*»«Bre 1-2*»«Chl 1*» J J « Sil 2-3*» J « Sil 2*» J « Cly 1-2*» J J Lam Lam > J J « dis, VT, str and Semi-massive Sulphide PY 1-5%» J J cm band Py 65 25mm > J Band Py 20 5mm > Band is cut off and discontinuous J Tr Cp > Two aggregate blebs Minimal alteration between and m. Coarse angular clasts within fine-grained matrix Laminated Py 40-50% 1-3mm > with Fp 3* > oriented at 60 deg to core axis 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 11 of 20

47 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Fp 2*» « Fp 1*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Bre 1-2*» « Ser 1*»«Cc Str 5-10% 1-4mm»«Sil 3*» « Sil 1-2*» Lam 40 > 185 « Py VT mm» crosscut by «Py VT mm» 3-5% Semi-massive Sulphide Py 10-15% 20cm 45 deg tca Flg 7cm > « Monzonite 30.00» « Ser 1*» Py VT mm > « Fp 1*» « Bre 1*» « Cc+/-Py VT 1-3% 1-5mm» and «Cc+/-Py Str» Cc+Py Str 0 3-4mm > « Rubbly Monzonite» « Sil 2*» « Sil 3*» « Cly 1-2*» « Bre 2-3*» « Blc 1*»«Cc 1*» Blebby Py 5% 2cm > « Chl 2*» Blebby VN Py mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 12 of 20

48 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample lct > Broken and indistinct Au ppb Ag As Cu Zn ppm ppm ppm ppm Monzonite J Monzonite J J Grey-green, medium grained, equigranular, hosting common calcite stringers, J veins and veinlets. Alteration predominately moderate sericite, chlorite and J weak epidote. Minor strain zones hosted in places Ser 0 4 Sil 0 4 Chl 0 4 Ep 0 4 Ge 0 4 Broken to with « Chl 2-3*»«Cc VT 1% 4-10mm» including Cc VN 40 3cm > « Ser 2*»«Chl 2*»«Ep 1*» « Cc+/-Qz VT 1-3% 1-4mm»«dis, VT-hosted Py %» « Fp 2-3*» « Cc VN Shr 40» Cc+Qz+Py VN 40 2cm > Cc+QZ+He? VN 40 1cm > Cc+Qz+Py+Fp VN 70 2cm > Cc+Qz VN 40 2cm > Cc+Ep+Fp VN 70 2cm > Cc VN 30 2cm > lct 60 > Gradually grades into tuff J Hornfels J Hornfels Grey fine-grained tuff hosting disseminated pyrite, calcite veinlets and stringers. Weakly silicified. « Sil 1*»«Cc VT mm»«Cc Str 1-2% 1-5mm» «dis xtals, agg Py 0.5% 1-3mm» /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 13 of 20

49 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Cc VN cm > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm lct 55 > marked by Cc VN 60 1cm > Monzonite J Monzonite J J Grey-green medium grained equigranular, comprised of feldspars, hornblende and J plagioclase with accessory magnetite up to 5% in zones with minor alteration J Commonly hosts calcite veinlets, stringers and veins. Pyrite generally J disseminated and veinlet hosted, rarely forming veins. Moderate chlorite, J sericite and weak patchy epidote alteration throughout. Commonly hosts dark J grey fine-grained mafic dykes and hornblende porhyry clasts, cm-scale, J sub-angular to angular xenoliths, rarely brecciated, within main unit J J Start of unit is brecciated and gougey with abundant pyrite, both disseminated J and vein J J « Bre 2*»«dis Py 1-2%»«Cc str 1-2% 1-3mm» J « Bre flg» J « dis, VN Py 5%»«Cc 2-3*»«Sil 1*» J Py VN cm > J Cc VN 60 4cm > J J « Sil 2*» J « Cc VT mm» more commonly from deg J J « Ser 2*»«Chl 1*»«Ep 1-2*» J « dis xtals, agg, VT-hosted Py 0.5-2%» J J xenolith Bre 2* 7cm > J J Qz+Py agg VN 0 3-4mm > J J « Cly 2*» J Cc VN mm > J J Cc VN 50 15mm > J /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 14 of 20

50 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm J Cc+Fp VN 45 4mm > J Cc VN 45 4mm > J J J « Blc 1-2*»«Cc+Qz VN mm»«Cc+Qz Vsw 1-2% 1-5mm» J J « dis, VT+VN Py 1-3%» J J Py+Qz+Cc VN 40 4mm > J J Py VN mm > J Ser 0 4 Sil J Py VN mm > J Chl 0 4 Ep 0 4 Ge Py VN mm > Cc+Py VN mm > Cc+Py VN mm > « Ser 2*»«Chl 2*» Cc+Ep VN mm > « dis Py %» 235 « Ep 2*» Commonly forming bands at deg to core axis. Also commonly associated with Tr Fp « Sil 2-3*» « dis, VT-hosted, VN Py 1-3%» Py VN mm > Py VN 30 4mm > Py+Cc+Qz VN mm > « Blc 2-3*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 15 of 20

51 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Qz+Cc VN 30 8mm > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « dis, rare VT-hosted Py %» Py+Cc VT 15 3mm> « Ep 1*» « Ser 1-2*» « Chl 1*» Cc+Ep VN 45 1cm > « dis xtals, blebby agg Py 1-3%» « Patchy Ep 1*» « Ser 1*» « Chl 2*» 250 « dis, agg, VT-hosted Py 2-3%» « Ep 2*» « Chl 1*» « dis Py %» « Chl fra 10-30» 1-2% Cc VN 50 2cm > « Chl 2*»«dis agg, VT-hosted Py 3-5%» « Ep 1*» 20 « dis Py %» « Ser 1-2*» « Chl 1*» « Chl 2*»«dis agg, VT-hosted Py 2-3%» « Chl 1*» /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 16 of 20

52 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample 40 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « dis Py %» « dis, agg blebs Py 1-2%» Blebby Py 10% > « Ep 1*»«Fp 1*» « dis, VT-hosted Py %» « Chl fra 10-30» « Chl 1-2*» « Ep 1*» with associated « Fp 1*» « Blebby VN+VT-hosted Py 5%» Cc+Ep+Py Str mm > over 60 cm of core Py+Cc+Kao? VN 20 2cm > « dis, VT-hosted Py 0.3-1%» commonly at low angles to core axis (10-30 ) Py VT 15 4mm > « Chl 1*» « Patchy Ep 1*» commonly with associated «Fp» forming 5-20mm bands Cc VN mm > Cc VN 40 5mm > Qz+Cc+Py VN mm > Cc VN 50 1cm > Blebby Py 5% > Cc+5%Py VN cm > blebby aggregates forming amongst calcite /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 17 of 20

53 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Ep 1*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Ep 1*» 30 « Tr dis Py» dis, fra-hosted Py 1% > « fra+vt-hosted Py 0.5%» « dis, VT-hosted Py 0.3-1%» « Chl 2*» « Chl 1*» « Patchy and banded Ep 1*» « Patchy and banded Ep 2*» « Ep 2*» « dis, rare VT-hosted Py %» Cc Str 5-10mm > Qz VN 30 5mm > Fp+Qz VN mm > « Vuggy Cc VN mm» « Ser 2*» Qz+Ser+Tr Py VN 10 18mm > « Py+Ep+Cc VT 0 1-3mm» « Cc VN mm» Cc VN mm > Cc+Py VT mm > Cc Str 5mm > Qz+Cly+Tr Py VN 60 6cm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 18 of 20

54 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Cc+/-Py VT mm» « dis, VT-hosted Py 0.5-1%» 60 « Blc 1-2*»«Cc VT mm» « Qz+Cly+dis Py VN 30» 305 « Cc Str 1% 1-5mm» « Ep 2*»«Ser 2*» « Chl 1*» « Chl 2*» « dis Py %» « dis, VT-hosted Py %» Boudinage Qz+Fp VN mm > with « Ep 3.0*» halo Blebby Cp 0.3% 3-5mm > lct 35 > Massive Sulphide Massive Sulphide J « Py 35%»«Po 35%»«Cp 1-3%»«Sp 5%» True thickness approximately 15cm. Chalcopyrite on periphery of pyrite and pyrrhotite. Possible sphalerite marked by reddish mineral and light brown streak and non-magnetic. Generally grades from pyrrhotite to pyrite to sphalerite lct 35 > 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 19 of 20

55 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Monzonite J Monzonite J J Fine-grained in places near upper contact, possibly due to alteration, grading J into medium-grained equigranular unit. Moderately sericitic with weak chlorite J and patchy epidote. Calcite stringers and veinlets more common towards bottom of hole. Wispy pyrite, minor chalcopyrite and sphalerite, commonly associated with quartz veining until m Xenoliths of fine-grained siltstone and mafic dykes common. « Wispy and aggregate Py 1-5%»«Cp %»«Sp %» 320 « Ser 2*»«Chl 1*» « Patchy Ep 1*» Qz+Py+Sp+Cp VN 35 10cm > Qz+Py+Sp+Cp+Ser VN 25 3cm > Py+Sp+Cc VN mm > over 50 cm centered on m Py+Cc+Sp VN 30 8mm > « dis, agg Py %» Qz VN 15 3cm > « Cc str 1-2% 1-3mm» «Cc VT mm» EOH /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 20 of 20

56 DRILL LOG Project: Hole Location: Logged by: Drilled by: Assayed by: Fran FR T. Branson Ridgeline ALS Chemex m North m East Core Size: NQ Date Started: Date Completed: 2010/12/ /12/16 Dip Tests By: Reflex Collar Elevation (m): Azimuth (º): Dip (º): Length (m): Horizontal Projection: Vertical Projection: Objective To test the down dip extension of Bullion Alley Zone mineralization previously intersected in drillhole FR Summary Log: m Casing m Felsic Tuff - coarse-grained, 40% sub-rounded quartz clasts hosted in fine-grained felsic matrix, minor disseminated pyrite throughout, weak geothite m Hornfels - silicified and bleached, gossanous fracture-coating, common calcite veinlets, trace disseminated pyrite m Monzonite - medium-grained, equigranular, strong silica, moderate sericite, weak to moderate chlorite, variable k-feldspar alteration, trace-1% disseminated, veinlet pyrite m Hornfels - fine-grained, variably altered by silica, sericite, chlorite, and bleaching disseminated and veinlet-hosted pyrite and calcite veinlets and stringers common m Monzonite - medium-grained, equigranular, moderate sericite and silica 1-2% disseminated and veinlet hosted pyrite m Hornfels - fine-grained, strongly silicified, patchy bleaching, weak sericite, fracture-hosted chlorite, and variable k-feldspar alteration m Monzonite - medium-grained, equigranular, 5% accessory magnetite, moderate sericite, patchy epidote, zones of brecciation, minor fault zones hosted commonly with pyrite m Hornfels - fine-grained, moderate bleaching, sericite and chlorite, 0.5-1% disseminated and veinlet-hosted pyrite m Monzonite - medium-grained, equigranular, moderate sericite, and silica, weak chlorite and patchy epidote, trace disseminated pyrite m Hornfels - fine-grained, variably bleached, common calcite veinlets and stringers, 1-2% disseminated pyrite m Monzonite - medium-grained equigranular, moderate sericite, patchy epidote and chlorite associated with fractures and veinlets m Hornfels - fine to medium-grained, variably bleached, weak sericite and calcite, brecciation common, 0.3-1% disseminated and veinlet hosted pyrite m Monzonite - medium-grained, equigranular moderate sericite, variable chlorite and epidote, minor hornfels zones hosted m Semi-Massive Sulphide - strong chlorite and sericite, 5% stringer and aggregate pyrite and a 35 cm interval of 50% pyrite, 5% pyrrhotite at 40 to core axis m Monzonite - medium-grained, equigranular, moderate sericite and chlorite, cm-scale mafic xenoliths hosted, weakly disseminated pyrite

57 DRILL LOG Project: Hole ID: Fran FR Downhole surveys: Depth Dip Azimuth Hole ID: FR

58 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Casing Casing 0 CASING CASING Monzonite Monzonite 5 CASING Light grey-green silicified quartz-rich unit. 20% sub-rounded quartz grains hosted in fine-grained matrix. Calcite veinlets common. Disseminated pyrite throughout. Rubbly and fractured with gossan and clays along fracures from m. 10 « Ser 1*»«Sil 3*» « fra-coating Ge 1*» « Cc VT 1-3% deg lct 50 > Gradually grades into hornfels Hornfels Hornfels 15 Light to dark grey, silicified and bleached, fine-grained unit with gossanous fracture-coating and common calcite veinlets and stringers. Trace disseminated pyrite. 25 « Tr dis Py»«Sil 2-3*»«fra-coating Ge 1*» « Blc 1-2*» « Blc 2-3*» « Blc 1-2*» Bleaching alteration in light grey zones of the unit. Commonly exhibits a net-like appearance of alteration Cc VN mm > «Cc VT mm»«Cc Str 1-3% 1-5mm» Stringers more common. 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 1 of 17

59 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc VN mm > lct 45 > Monzonite J Monzonite J J Grey-green, medium-grained, mainly equigranular, though some zones with J porphyritic texture. Strong silicification, moderate sericite alteration J through most of the unit, weak to moderate chlorite and rare epidote associated J with stringer zones. Calcite stringers and veinlets common. K-spar altered J veinlets and stringers also common with light purple-pink colour. Pyrite found J disseminated and hosted in calcite veinlets. Gossanous along fractures in J places J J « Sil 3*» J « Ser 1-2*» «Cc+/-Qz+/-Py Str 1-5% 1-5mm» «Chl 1-2*» « Blc 1-2*» « Porp 2-3% 1-3mm» « Tr dis Py» « dis, VT-hosted Py %» « dis xtals, agg, VT-hosted Py 0.5-1% 1-4mm» 35 « fra-coating Ge 1-2*» Hornfels 45 10cm > lct 60 > Hornfels J Hornfels J J Light grey to dark grey fine-grained unit with several zones of brecciation and J gouge material. Alteration consists of zones of silicification, weak to J /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 2 of 17

60 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm moderate sericte, weak chlorite, and weak to strong bleaching. Calcite veinlets J and stringers common, quartz veining less common. Pyrite found disseminated J and hosted in veinlets and veins of calcite J J « Ser 1*» J « Blc 1-2*» J « Blc 2-3*» J « Chl 1-2*» J J « dis, rare VT-hosted Py %» J J « flg» J « Bre 1-3*» J J « Bre flg» J J flg 3cm > J J « Bre flg» J J « Bre flg 0» cutting core over interval J J « Cc Str 3-5% 1-3mm» J Ser 0 4 Sil J « Cc VT mm» 1% J Chl 0 4 Ep 0 4 Ge 0 4 « Blc 1*» « Fp 1*» « flg» « Blc 3*» « Bre 2*» 60 « Blc 1-2*» /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 3 of 17

61 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « fra-coating Py 0.5%» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc VN mm > « Sil 3*» « Fp 1*»«Blc 1*» « Qz+Cc VN mm» « Blc 3*» Bre 2* 5cm > « fra-coating, Tr dis Py %» Cc+5%Py str 20 6mm > « dis Py %» « Blc 1*»«Fp 1*» « Cc VT mm»«Cc str 1-3% 1-4mm» « dis, VT-hosted Py %» « Vuggy Cc+Py Str 3-5%» 65 « Bre 1-3*»« flg» Ep+Cc+Qz VN 40 1cm > with minor stringers 80 « patchy Blc 1*» « VN-hosted Fp 1*» « Tr Ser» Cc VN 80 5mm > /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 4 of 17

62 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample flg 5cm > 70 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Sil 2-3*» 30 « Blc 2*» 0 « VN+VT-hosted Py 1-2%» « gougey Bre 2*» Py VN 40 4mm > Qz+Cc VN 30 2cm > « dis, VT-hosted Py %» 75 « Ser 1*» « Sil 2-3*» Lam > Cc VT mm > Vuggy Cc VN 0 3-4mm > over 15 cm « Cc+/-Py VT mm» 1-2 % 20 « Cc+/-Qz Str mm» « Blc 1*» Cc+Py VN 20 2cm > « Blc 2*» flg 5cm > « dis, VT+str+fra-hosted Py %» 20 « Cc Str 3% 1-2mm» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 5 of 17

63 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Bre 35 5cm > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Chl 2*» 85 « Blc 1*» « Sil 2*» « Blc 2*»«Ser 1*» Cc VN mm > Cc VN 40 4mm > « Blc 3*» « Fp 1*» Po? « Chl 2*» « Str-hosted, agg Py 1-2%» « Ser 1*» « gougey Bre 1-2*» « Blc 2-3*» Qz+Cc VN 40 3cm > « fra+vt associated Ser 1*» « Sil 2-3*» flg 6cm > Cc VT mm > « Cc Str 1-2% 1-3mm»«Cc VT mm» « Ser 1*»«Fp 1*» « Ser 2*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 6 of 17

64 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Alteration has stringer-like appearance from « Str-hosted, dis Py 2-3%» « Hornblende Porp 3-5% 1-3mm» « Blc 1*»«Fp 1*» « Bre 1-2*» Alteration altering clasts giving brecciated appearance in places lct 25 > Hornfels clasts included in top of intrusive unit Monzonite J Monzonite J J Grey-green medium grained equigranular unit with moderate sericite alteration J and silicification, minor calcite stringers and veinlets, disseminated and veinlet pyrite, hosting abundant cm-scale xenoliths of fine-grained mafic unit. « Ser 2*»«dis, VT-hosted Py 1-2%»«Sil 2-3*» «Cc+/-Py str 1% 1-5mm» Ep VT 40 2mm > lct 40 > Hornfels J Hornfels J J Fine-grained, strongly silicified, patchy bleaching, weak sericite, chlorite J along fractures, and k-spar alteration. Broken in places, especially towards J bottom of unit. Pyrite weakly disseminated and hosted in veinlets. Calcite veinlets somewhat common. 110 « dis, VT-hosted Py %» /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 7 of 17

65 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample veinlets somewhat common. 110 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « dis, VT-hosted Py %» 70 « Ser 1*»«Chl 1*»«Patchy Fp 1*» « Vuggy Cc str 1% 1-4mm» « Bre flg» « Sil 2-3*» Blc 10cm > VT Py 3% > « Cc VT mm»«Cc Str 1%» 115 « Monzonite» Py+Po VN 70 6mm > « Blc 2*» Qz+Chl+Py VN 75 1cm > lct > Broken and indistinct Monzonite J Monzonite J J Grey-green medium-grained equigranular feldspar and hornblende with up to 5% J magnetite in places. Moderate sericite with patchy epidote alteration, trace to weak chlorite on fractures. Calcite veinlets and stringers common. Several zones of brecciation and gougey material. Pyrite found disseminated and hosted in veinlets and veins consisting of crystals or blebs, rarely forming veins. Commonly hosts fine-grained mafic dykes, often with moderate to strong bleaching and typically more abundant pyrite. 70 Fine-grained mafic xenoliths commonly hosted. 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 8 of 17

66 40 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Ser 2*»«Patchy Ep 1*»«Cc+/-Ep VT mm» 125 « Blc 1*» « Bre flg» « MD»«Blc Cc VN mm > flg 8cm > flg 15cm > « Vuggy Cc VT 1-2% 1-4mm» Ep 3* > 130 « MD»«Blc 1-2*»«Ser 1*»«Qz+Cc+Py VN mm»«Chl 2*» Cc VN mm > « Bre flg» « Ser 1*»«Sil 2*» « Chl 1*» flg 0 3cm > « MD»«Blc 1-2*»«dis, VT-hosted Py 1-2%» « Ser 2*»«Ep 1*» « Sil 2-3*»«dis, VT-hosted Py %» Qz+Chl+Py VN 40 15mm > Cc+Qz+Py VN mm > Cc VN mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 9 of 17

67 35 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Cc+Py VN mm > Blc 2* 10cm> 60 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm lct 40 > marked by flg 5.00cm > Hornfels J Hornfels J Grey to black, weak to moderate bleaching, sericite, moderate chlorite hosting calcite+-/-pyrite veins, commonly boudinaged, and disseminated pyrite. Gougey in places and generally soft from alteration. 40 «Blc 1-2*»«Ser 1-2*»«Chl 2*» «dis, VN-hosted Py 0.5-1%» flg 5.00cm > Cc VN mm > Monzonite 5cm > with Ep 2* > Cc VN mm > « Bre flg 1*» Cc VN 30 1cm > Cc+Py VN mm > Bre Cc+Py VN cm > lct 60 > Monzonite Monzonite Grey-green medium grained equigranular unit with moderate sericite, silica, weak chlorite and patchy epidote. Common calcite stringers and veinlets. Trace disseminated and fracture-coating pyrite. 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 10 of 17

68 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm «Ser 2*»«Chl 1*»«Patchy Ep 1*»«Tr dis, fra-coating Py» «Cc str 1-2% 1-4mm»«Cc VT mm» Cc+Py VN 30 1cm > flg 8cm > lct 55 > Hornfels Hornfels J J Grey to black fine grained unit with weak to strong bleaching, hosting very common calcite veinlets, veins and stringers, Pyrite is finely disseminated throughout and common forms aggregates. 45 « Blc 1-3*»«dis Py 1-2% 1-3mm»«Cc Str 1-3% 1-4mm» «Cc 1-2*» Qz+Cc+Py VN 45 13cm > « Bre 2*» lct 60 > Monzonite J Monzonite J J Grey-green medium-grained equigranular unit with moderate sericite, weak to J moderate patchy epidote, commonly associated with veining and stringers. Also weak chlorite alteration. Calcite veinlets and stringers common. Pyrite hosted in veinlets and disseminated. 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 11 of 17

69 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Ser 2*»«Chl 1*»«Patchy Ep 1-2*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm «Cc+/-Ep+/-Py str 1% 1-3mm»«Cc+/-Ep+/-Py VT mm» «dis, VT-hosted Py %» Py VT 70 2mm > « Blc 2*»«Chl 2*»«dis Py 1%» lct 50 > Hornfels J Hornfels J J Grey to drak grey fine to medium-grained unit with weak to strong bleaching, J weak calcite and sericite alteration. Epidote alteration begins towards end of J unit. Calcite veining and stringers common. Brecciation common. Pyrite J disseminated and hosted in veinlets, rarely in veins forming blebby J aggregates J « Cc+/-Py VT mm»«Cc+/-Py str 1-2% 1-4mm» « Ser 1*» 40 « Blc 1-2*» « Blc 3*» « Blc 1-2*» « dis, VT-hosted Py 0.3-1%» « Bre 1-2*» Cc VN 40 9cm > Cc+Qz+Blebby Py VN 40 7cm > 160 « Qz+Cc VN 5 3cm» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 12 of 17

70 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc VN 40 1cm > lct 40 > J Monzonite J Monzonite J J Grey-green medium-grained equigranular unit with moderate sericite, weak to J moderate chlorite and epidote, common calcite+/-pyrite+/-epidote veinlets and J stringers. Pyrite disseminated and hosted in veinlets, rarely forming J semi-massive pyrite+quartz veins. Minor zones of hornfels hosted with weak J bleaching and abundant calcite+quartz veining. Common xenolithic clasts of J fine-grained mafic, commonly magnetic J J « Sil 2-3*» J J « Chl 2*» J « Chl 1*» J « Chl 1-2*» J « Ser 2*» J J « Ep 1*» J J « Cc+/-Ep VT mm» J « Tr dis Py» « VN+VT-hosted Py 1-3% 1-5mm» « fra-coating, dis Py %» « VN-hosted, dis Py 1-3%» J « Blc 1-2*» « Cc+/-Py VN 10-15% 5-25mm» « Bre flg» « dis, VT-hosted Py %» 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 13 of 17

71 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Cc+/-Py VN 10-15% 5-25mm» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Bre flg» « dis, VT-hosted Py %» « Ep 1*» Hornfels 13cm > « Ser 1*» « Chl 1*» 185 « Blc 1-2*» Cc+Tr Py VN 35 3cm > Cc+Qz VN 45 3cm > « Ser 1-2*»«Chl 1*»«Cc+/-Ep+/-Py VT mm» 25 « Ser 2*»«Chl 1-2*» 190 « Ser 3*»«Chl 2*» «dis, VN-hosted Py 2-5%» %Py+Qz VN 25 15cm > Net-like textured pyrite 30 « Chl fra 10-25» 15 « Ser 1-2*» 195 « Chl 1-2*» « dis, VT-hosted Py %» Cc VN mm > Cc VN mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 14 of 17

72 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Cc+Qz VN mm > 200 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Ser 2*» 15 « Cc+/-Py VT mm» « Ser 1*» « Ser 2*» 205 « Cc+/-Ep VT mm» « Ep 1*» Boudin Cc+Ep Vn 15 7cm > Cc+Fp VT mm > 50 « Cc+3%Py str 0 1-3mm» Cc VN 50 12mm > « Chl 2*» « Vuggy Cc VN mm» « VT-hosted, dis Py 1-3%» 215 « Cc+/-Py VT mm» Cc+Py VN mm > Cc VT mm > « Ser 1-2*»«Chl 1-2*» « Ser 2*»«Chl 2*» 220 « Cc+Py+Qz Str 3-5% 1-5mm» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 15 of 17

73 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Cc+Py+/-Chl Str 1-2% 1-3mm» lct 55 > Semi-massive Sulphide J Semi-Massive Sulphide J Black, medium-grained, strongly chlorite and sericite altered monzonite hosting a 35 cm run of massive pyrite with minor pyrrhotite J « Ser 3*»«Chl 3*» « dis, agg, str Py 5%» « %Py+Qz+5%Po VN 40» « dis, agg, VN and str Py 3-5%» « Bre flg» lct 60 > Monzonite J Monzonite J J Grey-green medium-grained equigranular unit with moderate sericite, weak to J moderate chlorite, common brecciated fault gouge zones J Calcite+/-pyrite+/-epidote veinlets common. Pyrite is weakly disseminated, J mostly occuring in veinlets, veins and rarely forming veins. Xenoliths of mafic J unit commonly hosted in matrix J J « Ser 2*»«Chl 1-2*»«VT+VN-hosted, dis Py 0.3-3%» J «Cc+/-Py+/-Ep VT mm» J « Vuggy Cc+/-Py VN 3-5% 4-8mm» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 16 of 17

74 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Blebby Py 5% > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Bre flg» 240 « flg 40» « Tr Ep» Bre 2* 6cm > Py VN 45 1cm > flg 25 15cm > E.O.H EOH /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 17 of 17

75 DRILL LOG Project: Hole Location: Logged by: Drilled by: Assayed by: Fran FR T. Branson Ridgeline ALS Chemex m North m East Core Size: NQ Date Started: Date Completed: 2010/12/ /12/19 Dip Tests By: Reflex Collar Elevation (m): Azimuth (º): Dip (º): Length (m): Horizontal Projection: Vertical Projection: Objective To test the down dip extension of Bullion Alley Zone mineralization previously intersected in drillholes FR and FR Summary Log: m Casing m Siltstone - sandy siltstone, weak to moderate bleaching, moderate to strong goethite on fractures to 20 m, calcite veinlets and stringers common, trace-0.5% pyrite, minor pyrrhotite m Felsic Hornblende Porphyry - 3-5% coarse-grained hornblende, weak epidote and chlorite, moderate sericite, minor disseminated pyrite, rarely veinlet-hosted m Hornfels - abundant calcite stringers and veinlets, moderate silica, weak sericite m Felsic Hornblende Porphyry - 3-5% coarse-grained hornblende, weak epidote and chlorite, moderate sericite, minor disseminated pyrite, rarely veinlet-hosted m Hornfels - abundant calcite stringers and veinlets, moderate silica, weak sericite m Felsic Hornblende Porphyry -3-5% coarse-grained hornblende, weak epidote and chlorite, moderate sericite, minor disseminated pyrite, rarely veinlet-hosted m Fault Breccia - bleached, brecciated gouge with shearing, strongly pyritic for first 25 cm m Monzonite - common calcite+pyrite stringers, variable sericite, weak chlorite m Hornfels - minor zones of Monzonite, weak to intense bleaching, variable chlorite and sericite m Monzonite - moderate to strong sericite and chlorite, weak to moderate epidote, xenolithic fragments common m Quartz Vein - strongly chloritic, quartz+20%pyrite+3-5%chalcopyrite+trace sphalerite, brecciated quartz veining and strong bleaching in places m Monzonite - variable sericite, chlorite and epidote, trace pyrite m Quartz Vein - Strong to intense chlorite, hosting quartz+15%pyrite+5%chalcopyrite+trace sphalerite vein at to core axis m Monzonite - weak to moderate sericite, variable chlorite and epidote m Quartz Vein - strong chlorite and sericite, 60%pyrite+quartz+calcite vein with fault gouge m Monzonite - weak to moderate sericite, variable chlorite and epidote, minor structural zones, trace-0.5% disseminated pyrite m Fault - brecciated, structural deformation, weak to strong chlorite, weak sericite, moderate bleaching, pyrite disseminated and found as aggregate blebs, rare blocky chalcopyrite m Monzonite - variable silica, sericite, chlorite and epidote m Hornfels - monzonite protolith, variable biotite and silica alteration, brecciated in places m Monzonite - variable silica, sericite, chlorite and epidote

76 DRILL LOG Project: Hole ID: Fran FR Downhole surveys: Depth Dip Azimuth Hole ID: FR

77 CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Casing Casing Siltstone J Siltstone J Grey to dark-grey sandy siltstone with weak to moderate bleaching, gossanous weathering of fractures and veinlets at top of unit, grading into pyrite. Calcite stringers and veinlets common J « fra+vt-coating Ge 2-3*» « Commonly mottled Blc 1-2*» 15 « Cc VT mm»«Cc Str 1-2% 1-3mm» « Cc Str 1-4% 1-3mm»«Cc+/-Py VT mm» 20 « fra+vt-hosted Py %» « fra+vt-coating Ge 1*» « Commonly mottled Blc 1*» 25 « Commonly mottled Blc 1-2*» Cc VN 35 4mm > Bleb Po 2-4cm > « fra+vt-hosted Py %»«Commonly mottled Blc 1*» « Cc+/-Py Str 2-4% 1-3mm»«Cc+/-Py VT mm» 35 « Cc+/-Py Str 1% 1-2mm» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 1 of 21

78 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Cc+/-Py VT mm» 40 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Cc+/-Py Str 2-3% 1-3mm» « Cc+/-Py Str 1-2% 1-3mm» « Blc 2*»«Cc Str 5%»«dis, str-hosted Py %» 45 « VT-related Ser 1*»«Cc+/-Py VT mm» «VT-hosted, weakly dis Py %» Cc VN mm > 50 « Cc+Py+Chl VT mm» lct 30 > POR3 Felsic Hornblende Porphyry 50 Grey-green fine-grained felsic matrix with 3-5% coarse-grained hornblende and feldspar crystals, grading into a more medium-grained intermediate matrix and back into a finer-grained felsic matrix. Weak epidote alteration and chlorite alteration of individual clasts in matrix and moderate sericite. Disseminated /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 2 of 21

79 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample pyrite, rarely veinlet-hosted. Minor calcite veinlets, commonly with associated epidote. Moderate silicification at top and bottom of unit in more felsic zones. Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Sil 2*» « Sil 2*» « Ser 2*»«Ep 1*»«Chl 1*» « dis, rare VT-hosted Py %» « S-Sil Hornfels» Qz+Cc VN 50 1cm > 80 More mafic and medium grained between m lct 30 > Hornfels Hornfels 25 Dark grey fine-grained unit with abundant calcite stringers and veinlets, moderate silicification and weak sericite, mainly associated to fractures and veinlets. Pyrite is hosted in veinlets and stringers. Top 20 cm hosts coarse, sub-rounded quartz fragments. « Sil 2*»«Cc+/-Py Str 3-5% 1-3mm» «Cc+/-Py VT mm»«Ser 1*»«VT-hosted Py %» Cc VN 25 8mm > lct 25 > POR3 Felsic Hornblende Porphry Grey-green fine-grained felsic matrix with 3-5% coarse-grained hornblende and feldspar crystals. Weak epidote and chlorite alteration of individual clasts in /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 3 of 21

80 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample matrix and moderate sericite throughout. Disseminated pyrite, rarely veinlet-hosted. Common calcite veinlets and veins, commonly with associated feldspar alteration. 40 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Ser 2*»«Chl 1*»«Ep 1*»«Cc+/-Fp VT mm» «dis Py %» Cc VN mm > Cc VN 40 5cm > « Hornfels» Cc VN 40 1cm > « Cc str 2-3% 1-5mm» lct 60 > Hornfels Hornfels Dark grey fine-grained unit with abundant calcite stringers and veinlets, moderate silicification and weak sericite, mainly associated to fractures and veinlets. Pyrite is hosted in veinlets and stringers. Towards bottom of unit has zone of strong epidote alteration and weak bleaching. Possibly siltstone? Appears more like sediment that previous hornfels unit « Sil 2*»«Ser 1*»«Tr Py»«Cc VT mm»«Cc str 2-3% 1-5mm» « Ep 1-2*» « Ep 3*»«Fp 2*» lct 60 > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 4 of 21

81 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm POR J Felsic Hornblende Porphry J Grey-green fine-grained felsic matrix with 3-5% coarse-grained hornblende and feldspar crystals, grading into a coarse-grained mafic dyke, back into a finer-grained felsic matrix and back into a mafic dyke. Weak epidote alteration and chlorite alteration of individual clasts in matrix and moderate sericite. Disseminated pyrite, rarely veinlet-hosted. Minor calcite veinlets, commonly with associated epidote. 95 « Ser 2*»«Chl 1*»«dis Py %» « Ep 1-2*» « Ep 1*» « Cc VT mm» Cc VN 60 15mm > « Blc 1-2*»«T3C» Cc VN 60 10mm > Cc VN 60 14mm > 60 « Ser 2*»«Chl 1*» « Blc 3*» « MD»«Cc Str 1-3%» Fol 55 > lct 55 > J /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 5 of 21

82 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au Ag As Cu Zn ppb ppm ppm ppm ppm Fault J Fault breccia 55 Ser Sil Chl Ep Ge Light grey to grey brecciated gouge with sheared and bleached competent zones hosted. Strongly pyritic for first 25cm. « Bre flg 3*» « Py 5%» « Blc 2-3*» « flg» lct 55 > Monzonite J Monzonite J Grey medium-grained equigranular unit with common calcite stringers, hosting pyrite. Weak to moderate sericite alteration throughout, weak chlorite alteration. 105 « Ser 1-2*»«Chl 1*»«VT-hosted Py %» «Cc+/-Py Str 1% 1-3mm» lct 45 > Hornfels J Hornfels J J White to dark grey fine-grained unit hosting minor zones of monzonite, weak to J intense bleaching, weak to moderate sericite, weak to moderate chlorite, commonly associated with fractures. Calcite stringers, veinlets and veins common. Minor zones of brecciation and gouge material. Pyrite hosted in veinlets and veins, weakly disseminated in places. « Blc 2*»«Ser 2*»«Chl 1*» 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 6 of 21

83 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Bre 1*» 110 « Monzonite» « VT-hosted, dis Py %» « Cc Str 2-3% 1-5mm» « Blc 2*» 30 « Monzonite» « Ser 1*» « Blc 1*» Band Monzonite 30 25mm > Cc+Ep+Qz VN 30 1cm > Band Monzonite 40 1cm > « Chl 2*» « Cc+/-Py str 1-3% 1-4mm»«Cc+/-Py VT mm» « Blc 3*» Cc Bre VN 40 2cm > « Blc 1*» « Ser 1*»«Chl 1*» Cc+Qz VN 40 4cm > Cc VT mm > Cc+Py Pinched Boudin VN cm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 7 of 21

84 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc VT mm > Bre 2* 10cm > « Blc 2*» « Blc 1-2*» 30 « dis, VT-hosted Py 0.5-1%» « Blc 3*» Bre flg 4cm > « Blc 1-3*» Cc+Qz VN mm > 125 « Blc 4*» Cc+Qz VN 40 1cm > Dis agg Py 5% > 30 « flg» « Ser 1*»«dis, VT-hosted, agg Py 1-2%» Cc+Py w/ asociated strong blc VN 15 1cm > « Cc+Py Str 2-4% 1-3mm» « Cc+/-Py Str 1% 1-3mm»«Cc+/-Py VT mm» Py VN 30 1cm > Cc+Qz VN 30 1cm > lct > Broken and indistinct 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 8 of 21

85 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Monzonite J Monzonite J Grey-green to black, medium-grained equigranular unit with moderate to strong J J sericite and chlorite alteration, weak to moderate epidote in places. Minor J calcite veining and veinlets hosted. Pyrite weakly disseminated and hosted in J veinlets and forms aggregates blebs, rarely hosted in quartz veins. Xenolith J fragments commonly hosted J J « Ser 3»«Chl 2» J J « VT-hosted, agg Py 1-3%» J Cc VN cm > J « Chl 2-3*» « Ser 2*» Qz+Blebby Py VN 45 6cm > « dis, VT-hosted Py %» Just above pyritic quartz vein, unit becomes more mafic/darker in appearance. Possibly just intense chlorite alteration « MD» Qz+25%Py VN 30 12cm > 140 « Sil 2-3*» Qz+Py VN mm > « Cc+Py+He VN mm» « Ep 1-2*» /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 9 of 21

86 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Cc+/-Py VT mm» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm He? VT 70 2mm > « Ser 1-2*»«Ep 1*»«fra-related Chl 1*» Cc VN 30 1cm > Cc VN 35 1cm > Cc VT 35 3mm > Cc+He VT mm > Cc VT mm > Bre Cc VN 40 7cm > « Ser 3*»«Chl 2*» Cc VN 50 1cm > Lower contact gradational with loss of silica and increase in chlorite Vein Sulphide J Quartz-Pyrite+/-Chalcopyrite Vein Zone J Strongly chloritic unit hosting quartz+pyrite+/-chalcopyrite+/-trace sphalerite J « Chl 3-4*» « Qz+Py+Cp+Tr Sp VN 40 20cm» 20% Blebby pyrite and 3-5% chalcopyrite, trace specks of sphalerite. Parallel foliation at top of vein Qz+Blebby Py VN 70 2cm > Qz+Cc VN mm > 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 10 of 21

87 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Blc 3*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Bre Qz+Cc VN cm > Lower contact grades quickly into siliceous monzonite Monzonite J Monzonite J J Grey-green medium-grained equigranular unit with weak to moderate sericite J alteration, fracture-related weak to strong chlorite alteration, weak epidote J in places. Trace disseminated pyrite, and rarely hosted in veinlets, more towards bottom of unit. One quartz+pyrite+hematite? vein hosted. « Ser 1-2*» « Ep 1*» « Chl 1*» « Chl 2-3*» 155 « Tr dis Py» flg 4cm > « Chl 1*» « Ep 1*» Cc+Qz VN 25 1cm > « VT-hosted Py 0.5-1%» « Vuggy Cc VT 1-3% 1-5mm» Cc+Py+He? VN cm > /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 11 of 21

88 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Lower contact grades into strongly chloritic alteration zone surrounding mineralized quartz vein. Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Vein Sulphide J Quartz-Pyrite+/-Chalcopyrite Vein Zone Strongly chloritic unit hosting quartz+pyrite+/-chalcopyrite+/-trace sphalerite « Chl 3-4*» Bre Qz+Py+Cp VN cm > Brecciated quartz vein with 5% chalcopyrite, 15% pyrite flg 5cm > « Qz+Py+Cp+Cc VN 45 18cm» Hosts 25% blebby pyrite, 1-3 % chalcopyrite. « gougey Fol 60» Qz+Py+Cp VN 60 2cm > Lower contact grades into less altered unit Monzonite J Monzonite J J Grey-green medium grained equigranular unit with weak to moderate sericite J alteration, fracture-related weak to strong chlorite alteration, weak epidote J in places. Pyrite hosted in veinlets, veins with chalcopyrite, and forming J veinlets. Rubbly in places. Xenolith fragments common. Minor calcite veinlets J and zones of vuggy calcite veins J « Ser 1-2*» J « Chl 1-2*» 165 « Chl 1*» 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 12 of 21

89 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « VT+VN-hosted Py 1-3% 1-10mm» Py VT 25 2mm > Bre Cc+Py VN 30 2cm > Qz+Cc+Py+Cp VN 40 1cm > 50% pyrite, 20% chalcopyrite Rubbly from m, moderately calcareous, likely related to « Vuggy Cc VN mm» Py VT 35 3mm > 170 « VT-hosted Py 0.5-1%» « Ep 2*» « Vuggy Cc VN 2-3% 3-6mm» « Sil 2*» Ep VT mm > Chl 3* 10cm > Lower contact grades into strong chlorite alteration above quartz+pyrite vein Vein Sulphide J Quartz-Pyrite Vein Zone Strongly chloritic/sericitic unit hosting a quartz+pyrite vein and brittle altered material above and below the vein. « Chl 3*»«Ser 3*» flg 10cm > /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 13 of 21

90 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Py+Qz+Cc VN 20 16cm» 60% pyrite flg 11cm > Lower contact grades into less altered monzonite Monzonite J Monzonite J J Grey-green medium grained equigranular unit with weak to moderate sericite J alteration, fracture-related weak to strong chlorite alteration, weak epidote J towards bottom of unit. Pyrite is disseminated, hosted in veinlets and rarely J forms veinlets. Hosts two structural zones, one with moderate bleaching and J abundant pyrite, the other with strong chlorite and sericite alteration and J brecciation. Common calcite veinlets and veins hosted J « Ser 2*»«Chl 1*» «VT-hosted, dis Py %» «Cc VN 1% 4-6mm» « Blc 2*»«Wispy aggregate Py 3-5% 1-5mm» «Ser 1*»«Cly 2*» flg 50 6cm > « Chl 2-3*» « Ser 2*» « VT-hosted, dis Py 0.5-1%» 180 « Chl 1*» « Blc 2*» Cc VN 30 2cm > Bre Qz VN 35 4cm > 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 14 of 21

91 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Chl 3*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Cc+/-Py VN mm» « Cc Bre 2*» « Bre 1-2*» « Chl 1*» « Ep 1*» Py VT mm > « Tr Chl» 185 « Ser 1*» Lower contact grades into fault/structurally controlled alteration zone J Fault J Brecciated Fault J J Black to light grey structural deformation zone, weak to moderately bleached, J weak to strong chlorite, weak sericite, brecciation and calcite stringers J common, gougey in places. Pyrite disseminated and forming aggregate blebs, J rarely forming veinlets. Blocky chalcopyrite rarely forming within J brecciation J « dis, VT-hosted Py 1-3%»«Chl 2-3*»«Cc+/-Py Str 2-3% 1-10mm» Cc+/-Py VN 20 2cm > « Blc 2*» « gougey Bre mm» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 15 of 21

92 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « dis, agg Py 1-3%» « Bre 1*» « gougey Bre mm» « Ser 1*»«Chl 1-3*» 190 « dis, VT-hosted Py 0.5-2%» « Blc 1*» Blocky gouge-hosted Cp 0.5% 3-5mm ><Blocky Py 5% 1-5mm > Bre Flg 7cm > Flg 6cm > Cc VN mm > Cc VN mm > lct 45 > Gradualy grades back into unaltered monzonite, reflected by decrease in chlorite and bleaching Monzonite J Monzonite J J Grey-green medium-grained equigranular unit with weak to moderate J silicification and sericite, patchy weak epidote, weak chlorite along fractures J and veins, minor feldspar alteration along veins, moderate biotite alteration J in places. Calcite stringers somewhat common. Pyrite weakly disseminated and J hosted in veinlets, less commonly in veins. Chalcopyrite hosted in a single J vein towards bottom of unit. Mafic cm-scale xenoliths commonly hosted, J generally sub-rounded J J « Sil 2*» J J « Ser 2*» J /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 16 of 21

93 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm J « Fp 1*»«Ep 1*» J J « Bi 1*» J J « dis, VT-hosted Py 2-3%» J J Cc VT mm > J J « dis, VT-hosted Py %» J J Cc+mafic halo VN mm > J J Cc+Py VT mm > J J Fp+Ep VN mm > J J Cc VT mm > J « Ep 1*» J « %Py VT mm» J J Fp+Ep+Cc VN mm > Py VT 60 3mm > Cc VT 65 2mm > Cc+/-Py VT mm > Fp+Ep+Cc VT mm > Ep+Cc VN mm > « %Py+/-Cc VN mm» Qz+Py VT mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 17 of 21

94 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample 40 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc VT mm > Mafic VT mm > Cc+Py VT mm > gougey Py VN cm > « Qz+Ser+Py VN cm» Margins of vein have included monzonite wall rock « Bi 1-2*» « Ser 2*» « dis, VT-hosted Py %» Cc VT mm > Cc+Py VT mm > Qz+3-5%Py VN cm > « Cc+/-Ep+/-Py VT mm»«Cc+/-Ep+/-Py str 1-2%» « Ep 1-2*» 220 « Act 1%» Ls 40 > Cc+Act? VT mm > Fp+Ep VT mm > Cc VT mm > Cc VT mm > /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 18 of 21

95 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Ser 1*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Cc+/-Py VT mm» « Tr Ep» « Ep 2*»«Cc+/-Py str 3% 1-4mm» « Cc+/-Fp VT mm» « % Cc+/-Py VT mm» Xenolith 3-6cm > Cc+Py VN 50 5mm > Cc+Fp VN mm > Py+Cp VT mm > Py VT 70 3mm > lct 85 > Sharp contact with metasomatised? monzonite Hornfels J Hornfels J Protolith - monzonite, visible in places through alteration. Unit is purplish in colour with strong silicification, moderate weathered-out biotite alteration, abundant calcite veinlets and stringers, minor magnetite/pyrrhotite. Pyrite weakly disseminated and forming along fractures. Brecciated appearance in places forming chlorite altered matrix and quartz-feldspar altered clasts J « Sil 3*»«Fp 2-3*»«Bi 2*»«Cc Str 2-3% 2-5mm» « Chl 2*» lct 30 > Sharp contact but not linear, marked by fractures and 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 19 of 21

96 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample end of alteration Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Monzonite J Monzonite J J Grey-green medium-grained equigranular unit with moderate silicification and J sericite alteration, patchy weak to moderate epidote, bleaching in places J Calcite veining and stringers common, moreso than quartz veining. Pyrite J disseminated and hosted in veinlets. One zone hosts galena and sphalerite J forming veinlets and hosted within bleached groundmass J J « Sil 2*»«Ser 2*»«dis+VT hosted Py %» J J « % Cc+/-Py VT mm» J J « Tr Ep» J Cc VN mm > J J Cc VT mm > Bre Py VN 40 8mm > 40 « Ep 2*» Mainly related to calcite veinlets « Blc 1-2*»«Chl 3*»«dis Py 1-2%» flg 2cm > « Blc 3*» « dis Py %» Blc Xenolith replacement Py 3% > Grey Vsw 3% 1-5mm > Qz+/-Py VN mm > Pyrite forming along margins 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 20 of 21

97 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Ep 1-2*»«Ser 2*»«dis + VT Py %» 7.50 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc+Ep+Fp VN cm > %Py+0.1%Cp Str mm > Qz VN cm > « %Gl+0.5%Sp VT mm»«Blc 2*» 250 « Ser 2*»«Ep 1-2*» « Cc Str mm» « % Qz VN mm» EOH 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 21 of 21

98 DRILL LOG Project: Hole Location: Logged by: Drilled by: Assayed by: Fran FR T. Branson Ridgeline ALS Chemex m North m East Core Size: NQ Date Started: Date Completed: 2011/01/ /01/09 Dip Tests By: Reflex Collar Elevation (m): Azimuth (º): Dip (º): Length (m): Horizontal Projection: Vertical Projection: Objective To test the down dip extension of Bullion Alley Zone mineralization previously intersected in drillholes FR , FR-07-68, FR and FR Summary Log: m Casing m Siltstone - variable bleach, moderate silica, 1-2% aggregate, wispy pyrite, 0.5%-1% blebby pyrrhotite m Fault Zone - fine-grained matrix with coarse-grained sub-rounded to angular crystals, weakly calcareous, moderate silica, weak disseminated pyrite m Siltstone - variably bleached, weakly sericitic, associated with fracturing, 0.5-1% disseminated and veinlet pyrite, trace chalcopyrite, minor wispy pyrrhotite m Monzonite - moderate sericite, silica and chlorite, weak disseminated, blebby pyrite, faulted in places m Fault - brecciated, strong bleach, moderate to strong chlorite, 1-2% blebby aggregate pyrite m Monzonite - variable sericite, chlorite and silica, 1-3% stringer, veinlet, wispy aggregate pyrite m Quartz Vein % arsenopyrite+5% pyrite+ quartz+calcite vein at 25 to core axis m Hornfels - strong silica, variable feldspar, sericite, 1-2% disseminated, veinlet pyrite, 0.5% pyrrhotite m Monzonite - relatively fresh unit m Hornfels - strong silica, variable bleaching, sericite and biotite, 1-2% disseminated, blebby and fracture-hosted pyrite, 0.5-1% pyrrhotite m Hornblende Porphyry % mm-scale hornblende, weakly bleached matrix m Hornfels - strong silica, variable bleaching, sericite and biotite alteration, 1-2% disseminated, blebby and fracture-hosted pyrite, 0.5-1% pyrrhotite, trace chalcopyrite m Monzonite - moderate silica, weak sericite, relatively fresh unit, minor pyrite and pyrrhotite m Hornfels - variable bleaching, sericite and biotite alteration, strong silica, 1-2% disseminated, veinlet and fracture-hosted pyrite, 1-2% pyrrhotite m Monzonite - strong silica, weak sericite, 0.5-1% disseminated, veinlet pyrite, 0.5% pyrrhotite m Hornfels - strong silica, weak sericite, biotite, 2-3% disseminated, veinlet, pyrite, 2-3% pyrrhotite m Monzonite - moderate silica, variable sericite and bleaching, minor pyrite and lesser pyrrhotite m Vein Sulphide % pyrite, 2-3% pyrrhotite, 0.5% chalcopyrite hosted in quartz vein at m Monzonite - moderate silica, variable sericite, epidote m Hornfels - strong silica, variably bleached with sericite hosting fracture-related pyrrhotite m Monzonite - variable sericite, moderate chlorite, silica, 0.5% disseminated, veinlet-hosted pyrite m Hornfels - strong silica, variably bleached with sericite hosting fracture-related pyrrhotite, zones of semi-massive pyrite/pyrrhotite m Monzonite - variable sericite, calcite and bleaching, minor disseminated pyrite m Hornfels - moderate to strong silica, variable bleaching and biotite alteration

99 DRILL LOG Project: Hole ID: Fran FR Downhole surveys: Depth Dip Azimuth Hole ID: FR

100 CASING CASING CASING CASING CASING CASING Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Casing Casing Siltstone J Siltstone J J Light grey fine-grained unit with abundant bleaching, ranging from weak to J strong, commonly forming alteration bands, moderate silicification throughout, J common calcite stringers, and hosts short intervals of mafic dyking. Pyrite J commonly hosted in veinlets and disseminated forming euhedral crystals and J wispy aggregates. Pyrrhotite associated with pyrite forming blebby aggregates J and occuring within veinlets. 0 Mafic dykes are fine-grained mafic matrix hosting coarse-grained mafic crystals and disseminated pyrite. 5 «Sil 2*» « agg, wispy Py 1-2%»«Blebby Po 0.5-1%» « Banded, patchy Blc 2-3*» « MD 60» 6.10 Po+Py VT 40 3mm > 6.18 Po+Py VT 40 3mm > « MD 65» « dis blebs, VT-hosted Py 0.5-1%»«dis blebs Po %» « Blc 1*» « MD» Lighter in colour and less mafic than above intervals « Blc 3*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 1 of 32

101 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « MD» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Banded and patchy Blc 1-3*» 10 « MD» Lower contact is somewhat gradational Fault J Fault Zone J J Dark grey fine-grained matrix with coarse-grained subrounded to angular mafic J crystals hosted. Weakly calcareous, moderately silicified, calcite stringers J somewhat common. Pyrite weakly disseminated throughout and forming platy blebs along fractures, rarely forming larger aggregates. « Cc 1*»«Sil 2*»«dis, fra-hosted Py %» «Cc Str 0.5% 1-4mm» Cc VT 45 3mm > Xenolith replacement Py 5% 15-20mm > Cc VN cm > « Blc 1-2*» Cc+Py VT mm > lct 65 > marked by Cc VT 65 5mm > Siltstone J Siltstone J J Grey fine-grained unit with zones of bleaching, commonly forming patchy mottled J banding with associated weak sericite, also commonly associated with J fracturing. Unit hosts gougey, brecciated, broken zones and is moderately J silicified through most of the unit. Pyrite is disseminated and forms in J veinlets and along fractures. Chalcopyrite hosted in a single calcite vein near J /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 2 of 32

102 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm top of unit. Pyrrhotite hosted in a large wispy aggregate near bottom of unit J Calcite stringers and veinlets somewhat common J « Blc 1*» J J J « Sil 2*»«dis, VT-hosted Py 0.5-1%» J « Cc Str 1-3% 1-5mm» 25 Ser 0 4 Sil 0 4 Chl 0 4 Ep 0 4 Ge J « Blc 2*» xCc VT mm > Cc+0.5%Cp VN mm > 25 « Bre 2*» « flg» « dis, VT-hosted Py 1-2%» also forming thin wispy aggregates « Chl 3*»«Ser 2-3*» flg 5cm > Blc 4* 5cm > « flg» « Cc Bre 3*» Bleached and sericitic « Sil 2*» Fp 2* > Lam 30 > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 3 of 32

103 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Mottled patchy banded Blc 2-3*» with «associated Ser 1*» and possibly «Act? 1*» commonly hosts pyrite, rarely pyrrhotite. Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Blc+Act+Ser VN 50 1cm > « Cc 1*» « Cc+Blc+3%dis Py Bre 60» Ban 80 > %Py Ban 80 > wispy agg Po 2-3% 2-3cm > Cc VT mm > Lower contact is gradational breccia Monzonite J Monzonite Dark grey-green medium-grained equigranular unit with moderate sericite, silica and chlorite alteration, minor calcite stringers, weakly disseminated pyrite and veinlets hosted pyrite. Darker than typical monzonite and has less feldspar. « Ser 2*»«Chl 2*»«Sil 2*»«dis, VT-hosted Py %» lct 60 > Fairly sharp lower contact and marked by reduction in grain size and alteration Fault Fault Zone J J Dark grey fine-grained unit, weakly silicified, weak to moderatley bleached hosting common calcite+/-pyrite stringers, and gougey zones. Poor recovery in 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 4 of 32

104 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample unit. 40 « Blc 1-2*» strongest at top of unit. «Sil 1»«Cc+/-Py Str 1% 1-5mm» commonly brecciated. Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Broken flg» Poor recovery Flg 10cm > Lower contact is gradational with monzonite Monzonite J Monzonite J J Light grey-green medium-coarse grained semi-porphyritic unit with coarser J feldspar grains hosted in a medium grained matrix. Not truly porphyritic, but J has minor porphyritic appearance. Weak sericite, strong chorite at top of unit, calcite stringers and veinlets very common. Pyrite weakly disseminated throughout and rarely associated with veinlets. 45 « Ser 1*»«Sil 2*»«dis Py %» «Cc str 2-4% 1-6mm»«Cc VT mm» « Chl 2-3*» Cc+Py VT 40 5mm > Fp+Blc+3%Blebby dis Py VN cm > 50 Lower contact is indistinct and rubbly Fault J Fault Zone J Grey to black fault zone with moderate silica, chlorite and sericte alteration, brecciation, quartz and calcite veining. Trace pyrite disseminated. « Ser 2*»«Chl 2*» /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 5 of 32

105 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Sil 2» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc VN cm > Qz VN mm > « Bre Cc Vsw 5% 1-8mm» « Competent flg 30» « Bre 2*» «dis Py 0.5%» « Cly 2-3*» « Bre 2*» Lower contact is gradational with continued sericite and bleaching/clay alteration Monzonite J Monzonite J J Grey medium-grained equigranular unit with weak sericite alteration, patchy J silicification, common calcite stringers and veinlets, and very common pyrite J hosted along fractures, veinlets and rarely forming very large blebby bands J Chlorite regularly found along fractures,mainly at the top of the unit. One J minor silicified and brecciated zone hosted. Vuggy appearance/texture J throughout much of the unit, mainly where not silicified J J « fra+vt-hosted Py 2-3%»«Cc str 2-3% 1-7mm» J J « Ser 1-2*»«Cly 1-2*» J « Sil 2*» * J Banded blebby Py mm > 30 « Blc 2*» /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 6 of 32

106 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Cc+Qz VN 45 1cm > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Qz VN 50* 5-12mm > « Ser 1*» Ls 20 > Cc+Py VN 30 1cm > « Py VN mm» flg 5cm > 65 « Bre 2*» « Sil 2*» « Sil+Fp Bre 3*» Dark reddish purple in colour « flg» « Bre 1-2*» Lower contact is quickly gradational Fault J Fault Zone J J Broken, brecciated and strongly altered, hosting a zone of pyritic fault gouge, J zones of strong bleaching, patchy silcification, moderate to strong chlorite J alteration at top of unit and abundant calcite veining towards bottom of unit. Pyrite commonly forming blebby aggregates at top of unit, though is only hosted in trace amounts from pyritic fault gouge, except in a short interval where forming narrow veinlets. « Chl 2-3*» 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 7 of 32

107 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Blc 1-2*»«dis, blebby agg Py 1-2%» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Bre 1-2*» « Py+Cc flg 15» Fine-grained brecciation with sericitic clasts also hosted and 15-20% pyrite. « Tr Py» « Blc 1-2»«Ser 1-2*» « VT Py mm» « Tr Py» « Sil 1-2*» 75 Dark-grey to black fine-grained from , almost with shaly appearance. Possibly a different unit? « Cc Str 2-4% 1-10mm» Cc VN 55 3cm > Cc VN 40 1cm > Sharp change in alteration/lithology « VT-hosted, wispy agg Py 1-2%»«Blc 3» 55 « gougey Bre 2*» 40 Lower contact is broken and grades into monzonite J Monzonite J Monzonite J J Light grey-green medium-grained equigranular unit with weak sericite, grading J into moderate sericite with associated weak to moderate chlorite towards bottom J of unit. Calcite stringers and veinlets common. Pyrite hosted in stringers, J /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 8 of 32

108 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm veinlets, along fractures, commonly forming wispy to blebby aggregates, rarely J forming veins and veinlets. Patchy silicification and unit appears brecciated J in several zones with vuggy appearance/texture mainly where not silicified J Could be result of brecciation? J J « Bre 1*» J J « agg, dis, VT+fra-hosted Py 1-3%» J J « Ser 1*» J « Sil 2*» J Py+Cc VN 45 5mm > « Bre 2*» 90 « Sil 2*» « dis, VT-hosted Py %» « Ser 2*»«agg, dis, VT-hosted Py 2-3%» « Chl 1*» Py+Chl VT 15 5mm > 95 « Chl 2-3*» Py VT mm > « VT-hosted, dis Py 4-5%»«Blc 2*» lct 15 > Vein Sulphide Quartz+Calcite+Pyrite Vein J /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 9 of 32

109 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Shallow angle quartz vein hosting calcite, pyrite and fine-grained arsenopyrite. 5% pyrite, 15-20% arsenopyrite, non-magnetic, very fine-grained, weak pinkish hue, dark grey to black streak. Forms semi-platy crystals to aggregate blebs. One rectangular crystal seen. «As 15-20%» «Py 5%» lct 25 > Hornfels J Hornfels J Generally dark grey to black, fine-grained, siltstone protolith, pervasively J J altered by strong silicification, patchy bleaching, feldpspar?(reddish pink) J and sericite alteration, throughout. Alteration commonly favours J bedding/laminations, though not always. Commonly hosts syn-altered monzonite J dykelets towards top of unit. Pyrite and pyrrhotite very common throughout J unit, pyrite moreso, hosted along fractures and veinlets, forming wispy and J blebby aggregates and rarely as replacement bands. Minor zones of brecciation J hosted J J « Chl 3*»«Ser 2*»«blebby Py 1-2%» J J « Flg» J J « Ser 1»«Blc 1-3*»«Sil 1*»«fra-hosted, agg Py 1%» J Lam 30 > J J « gougey Bre 2*» J J « Monzonite» J « Sil 2-3*»«Patchy thinly banded Blc 1*» J J «fra-hosted, dis, blebby Py 0.5%»«dis, blebby Po %» J J Blc Lam 45 > J « %Py+1-2%Po Monzonite» J /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 10 of 32

110 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Blc Ban 60 8cm > Boudinaged Monzonite mm > Lam 35 > Lam 55 > Lam 45 > « Monzonite» « Patchy banded Blc 1-2*» « dis, fra-hosted Py 1-2%»«dis blebs Po 0.3%» 20 « gougey Py Bre 2*» Cc VN mm > « Sil 2-3*» Bre 45 2* > « Ser Monzonite» « dis, fra+vt-hosted, blebby Py 2-3%»«Po %» Blc Ban 20 2cm > %Py+Ser+Chl VN 20 20cm > Blebby replacement Po 1-2cm > « Blc 3*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 11 of 32

111 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Po replacement Ban cm > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Bre Cc VN 20 2cm > Py+Cc Bre cm > « Ser 1*» Py VT 25 5mm > « Monzonite» « Patchy banded Blc 1-2*» Lam 40 > « Sil 2-3*» Cc VN flg 40 1cm > « Ser 2*» 125 « Ser 1*» with associated reddish alteration. Bleached blebs hosts pyrrhotite. « Ser 1-2*» Po+Py VT mm > « Ser 2*»«Blc 2*» « Mottled alteration Bre» Appears like a jumbled mix of alteration with bleaching, sericite and reddish-pink alteration. Pyrrhotite common. 25 « Patchy narrrow banded Blc 1*» Lam 30 > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 12 of 32

112 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample %Po VN cm > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Ser 1*» Blc+Po Ban 40 1cm > Po VN mm > « Patchy banded Blc 1*» « Semi-pervasive and banded Blc 2*» « Vuggy Cc Vsw 1-2% 1-8mm» %Py+3%Po+Chl VN cm > 35 « Banded Blc 1-3*» lct 45 > Sharp Monzonite J Monzonite J Grey medium-grained equigranular unit with minor sericite alteration, calcite veinlets and diseminated and veinlet hosted pyrite mineralization. Relatively fresh and unaltered with large cobble xenolithic clasts of altered hornfels. «Tr Ser»«dis, VT-hosted Py 0.1%»«Cc VT 0.3% 1-2mm»«Sil 3*» lct 35 > Hornfels J Hornfels J J Dark grey fine-grained unit with near pervasive alteration consisting of strong G silicification, patchy bleaching commonly forming narrow bands, patchy sericite G alteration, and weak reddish pink alteration, biotite? Pyrite and pyrrhotite G common, pyrite moreso, forming along fractures and veinlets, rarely forming G veins. Rare chalcopyrite associated with pyrrhotite. One zone of intrusives G /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 13 of 32

113 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm hosted and also pervasively altered, and one minor zone of fresh monzonite in G contact with hornfels. Ser 0 4 Sil 0 4 Chl 0 4 Ep 0 4 Ge 0 4 «Sil 2-3*» «fra+vt-hosted, dis bleb Py 1-2%»«Po 0.5-1%» « Patchy and banded Blc 1*» 140 « Bi 1*» Monzonite 3-8cm > Forming a semi-cirlce on side of core « Bi 2*» « Blc 2*»«Ser 1*»«Bi 1*»«FPOR» Fine-grained mafic host with 10% medium grained feldspars « Bi 2*» « Patchy and narrowly banded Blc 1*» Cc Bre VN mm > « Bi 1*» Py VT mm > « Sil Bre 1*» « Sil VN Bre 45 1*» « Blc 2*» « Chl 1*»«Ser 1*» 145 « Patchy and banded Blc 1*»«Ser 1*»«Bi 1-2*» Lam 30 > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 14 of 32

114 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Po with blc halo VN mm > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Qz+Chl+Po+Py VN 35 9cm > S-Blc Ban 35 1cm > Bleb Po 1cm < Cp 3mm >> hosted in a calcite stringer Blc+Py Ban 35 3cm > Lam 35 > lct 35 > Py VT mm > crosscuts both lithologies POR G Hornblende Porphyry G Light grey fine-grained matrix with 5-10% mm-scale bladed to angular hornblende crystals hosted in a weakly bleached matrix. Pyrite and pyrrhotite occur disseminated as small blebs, along fractures and hosted in veinlets. Narrow quartz-crystalline banding found in places. Less porphyritic towards bottom of unit. « Pervasive Blc 1*»«dis, fra+vt-hosted Py 1-2%»«Po 1-2%» 150 « Felsic VN 30» Qz-crystalline ban 45 8mm > lct 20 > Hornfels G Hornfels G G Dark grey fine-grained unit with near pervasive alteration consisting of strong G silicification, patchy bleaching commonly forming wide bands, and common weak G reddish pink alteration, biotite? Minor calcite veinlets and stringers hosted G Pyrite and pyrrhotite common, forming along fractures and veinlets, blebby G /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 15 of 32

115 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm aggregates and rarely forming veins. Rare chalcopyrite associated with G pyrrhotite. One zone of pervaisvely altered intrusives hosted, and also one G large and one minor zone of fresh monzonite in contact with hornfels G « Sil 2-3*» weaker in strongly bleached zones. «fra+vt-hosted Py 1-2%»«Po 1-2%» 40 Ser Sil Chl Ep Ge G « Patchy and widely banded Blc 1-2*»«Bi 1*» Po+Py VN 30 1cm > Lam 30 > Py VN mm > Py+Po VT mm > Cc+Py+Po VN mm > Blc+Py+Po ban 40 2cm > Blebby Po 4-6mm > hosted in a weakly deformed quartz vein? « Monzonite 35»«Ser 1*» « Banded and mottled Blc 2*»«Bi 2*»«Associated with Blc Ser 1*» Po Ban 45 5mm > % fra-hosted Po with Blc 3* 2-3cm > « Blc 3*»«Banded Po mm» Mottled and wispy alteration from « Fresh Monzonite» Intrudes only half of core with strong bleaching and moderate sericite alteration «Blc 3*»«Ser 2*»«dis, blebby agg Py 5%» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 16 of 32

116 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Widely banded Blc 2*»«Bi 1*» Lam 30 > Qz VN 30 2cm > Po+Py ban 40 1cm >cross cut Cc VT mm > Cc+Py+Chl VN mm > Narrow fingers Monzonite 2-3cm > lct 50 > Grades quickly into monzonite though not straight contact Monzonite G Monzonite G G Grey medium-grained equigranular unit with moderate silicification, minor G sericite alteration, calcite veinlets, disseminated, fracture and veinlet-hosted pyrite and pyrrhotite mineralization. Relatively fresh and unaltered. Hosts a zone of hornfels. Below hornfels, unit weakly altered with epidote and sericite. « Sil 2*»«Ser Tr-1*»«dis, fra+vt-hosted Py 0.5-1%» «Po %» « Hornfels»«Blc 2-3*»«Bi 1-2*» « Platy Bi 2*»«Ep 1*» Cc+Py VT mm > 165 « Platy Bi 1-2*» Lower contact is mottled and quickly gradational. 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 17 of 32

117 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Hornfels G Hornfels G G Typically dark grey with lighter zones caused by bleaching. Fine-grained G strongly silicified with patchy bleaching, sericite and biotite alteration G Pyrite and pyrrhotite commonly hosted in fractures and veinlets, forming disseminated aggregates and stringer hosted aggregates. Minor brecciation hosted with abundant pyrite hosted in middle of unit. « Sil 3*»«dis agg, fra + VT-hosted Py 1-2%»«Po 1-2%» « Patchy and narrowly banded Blc 1-2*»«Ser 1*»«Bi 1*» « Blc 1*» « Blc 2*» 170 « Bre 1*»«wispy agg Py 3-5%» « Bi 1*»«Ser 1*» lct 35 > Somewhat shapr with monzonite below Monzonite G Monzonite G G Grey-green medium-grained equigranular unit with strong silicification, weak G sericite alteration, minor calcite stringers, disseminated, fracture and G veinlet-hosted pyrite and pyrrhotite mineralization. Unit is fresher towards top of unit and generally grades into more altered monzonite with greyish alteration, bleaching? Feldpar altered bands common towards top of unit. « Sil 3*»«dis, fra+vt-hosted Py %»«Po %» «Ser 1*» FP ban 90 2cm > Fp Band 90 2cm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 18 of 32

118 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Grey blc 1*» Fp ban 90 2cm > « Chl 2*» « Blc 2*» Cp str 3mm > Lower contact is meddled with hornfels over final 20cm of unit Hornfels G Hornfels G G Dark grey fine-grained unit with pervasive alteration consisting of strong G silicification, weak sericite, biotite and bleaching with a zone of strong G k-feldspar alteration. Pyrite and pyrrhotite hosted along fractures, in veinlets, finely disseminated and forming aggregate blebs. Two short zones hosted with porphyritic texture from intrusives syn-altered. 20 « Sil 3*»«dis agg, fra+vt-hosted Py 2-3%»«Po 2-3%» «Bi 1*»«Blc 1*»«Ser 1*» Cc VN mm > « Fp 2-3*» « Porp 1* 1-4mm» « Cc Vsw 1% 1-3mm» with «Blc 2*» Blebby Py 5% 3-10mm > 30 « Porp 5% 1-2mm» Cc VN 30 5mm > /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 19 of 32

119 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc+Py VN mm > « Dis, wispy agg Po 3-5%» lct 50 > Mottled and gradational Monzonite G Monzonite G G Light grey-green medium-grained equigranular unit with moderate silicification G and weak to moderate sericite throughout. Calcite veinlets and stringers G common. Pyrite and lesser pyrrhotite hosted in veinlets and along fractues and G weakly disseminated in places, rarely blebby. Bleached zones and structural G features found in places. Cm-scale xenoltihs commonly hosted G G « Sil 2*»«Ser 1-2*» G «fra+vt-hosted Py %»«Po %» G G Blebby Py+Chl VN mm > G G Cc+Py+Po VT mm > G Qz+Tr Po VN 30 1cm > G G G Py VT mm > G G « Cc+Ser Str 1-2% 1-5mm» + «Cc VT mm» G G Bleb Po 1cm > G G Py+Chl VN mm > G G Qz VN 15 5mm > G G « Cc VT mm» G G Fp 2* 5cm > G /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 20 of 32

120 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Sil 1*»«Ser 2*» « fra+vt-hosted Py 3-5%» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc+Py+Chl VN cm > « Cc+/-Py Str 2-3% 1-5mm» Blebby Py 3% 2-3cm > Bre Cc VN cm > 20 « Sil 2*»«Ser 1-2*»«dis, fra+vt-hosted Py %» Fp+Cc VN mm > Cc+Py VN 30 2cm > Cc VT mm > Cc+Py VN mm > 215 « Cc VT mm» « Cc VT mm» 25 « Blc 2-3*»«dis, agg Py %» Qz VN 60 3cm > Boudin Cc VN cm > 220 « Ser 2*»«Sil 2*»«Py VT mm»«VT-hosted Py 1-2%» Cc VN mm > crosscuts and displaced Qz VN cm > Cc+Py VN 30 1cm > Py VT mm > /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 21 of 32

121 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc+Py VN mm > « flg 3*» « Flt» « VT, dis Py 2-3%» « gougey Bre *»«Ser 2*» « Ser 3*» « Sil 2*»«Ser 1-2*» « dis, VT+VN-hosted Py %» « %Py fra Vsw 30 1mm» forming between Cc+Py VN 30 8mm > and Bre Cc+Py VN 30-6mm > Cc+Py VN cm > Chl+Py VN mm > 25 « Cc VT mm» « Cc Str 1-2% 1-5mm» 240 « str+vt-hosted Py %» « Blc 25 3*»«dis Py 1%» CC VN 55 8cm > « Sil 2*»«Ser 2*»«dis, fra+vt-hosted Py 1-2%»«Cc VT mm» Cc+FP VN mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 22 of 32

122 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample 55 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Fp ban cm > 20 « Ser 3*»«Blc 1*» lct 25 > Relatively sharp contact Vein Sulphide G Semi-Massive Sulphide Vein G % Pyrite, 2-3% dark orange-brown pyrrhotite, 0.5% Chalcopyrite hosted in a bleached vein zone with abundant quartz. Pyrite forms large aggregate masses whereas pyrrhotite and chalcopyrite form small blebs. 35 «Py 25-30%» «Po 2-3%» «Cp 0.5%» Qz+Py+Po+Cp VN 35 5cm > Lam > lct 30 > Monzonite G Monzonite G Grey-green medium-grained equigranular unit with moderate silicification at the G G top of the unit, weak to moderate sericte throughout, and patchy epidote G Towards bottom of unit, rock gradually becomes more brecciated and less G silicified. Pyrite and rare pyrrhotite mainly occurs weakly disseminated or G assoicated with veinlets and fractures. Also, mineralization is more abundant G in stronger zones of alteration. Centimeter-scale -xenolithic fragments common, G rarely very large. Calcite veinlets and stringers common. Unit begins with G alteration./structural halo of above quartz vein G G « Ser 3*»«Chl 3*»«VT-hosted, dis Py 1-2%» Black in G colour G G « Ser 1-2*»«Sil 2*»«fra+VT-hosted, dis Py %» G G /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 23 of 32

123 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm Ep 1* > G G « Xenolith» G Cc+Py VT mm > 260 Ser Sil Chl Ep Ge G Mottled Cc+Act VN 15 2cm > Cc+Py VT mm > « Cc+Py str 1-2% 1-3mm» Cc+Py VT mm > Cc+blebby Py VN 30 7mm > Qz VN 30 15mm > Cc VT 30 4mm > 30 « Ser 2*»«Str, VT+VN-hosted, agg PY 3-5%»«dis, wispy agg Po 0.3%»«Bi 1*»«Sil 1» Py+Cc VT mm > Py VT mm > 270 « Chl 2-3*» Py+Cc str mm > Py VN mm > « QZ+Py VN 30-45» 45 deg at top, 30 deg at bottom. Pyrite net-textured and more abundant near bottom flg 2cm > 275 « Sil 2*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 24 of 32

124 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Ser 1-2*»«dis, VT-hosted Py %» Cc+3% Py Str 3% 1-4mm > « Bre 1*» « Bre 1*» « gougey Bre 1*» 280 « Ser 1*»«dis Py %» « Bre 1*» Common calcite and silicified monzonite clasts hosted in a grey clay matrix. Clast-size varies from mm-scale to cm-scale throughout Ls 30 > « flg» « Shr 40» 285 « Bre 1*» « Bre 3*» More choatic and fewer clasts hosted with a more abundant matrix of grey clay. Also more angular fragments hosted Shr 35 1cm > lct 80 > Relatively sharp considering strong brecciation G Hornfels G Hornfels G G Dark grey fine-grained unit with strong silicification when relatively G unaltered or structually deformed. Alteration zones are typically bleached G with associated sericite, commonly hosting disseminated to banded pyrrhotite G /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 25 of 32

125 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm that appears to replaced K-spar alteration. Pyrite is very commonly finely G disseminated and fracture-hosted. A zone of pyrrhotite mineralization is G hosted in the middle of the unit, but generally pyrite dominates. The top of G the unit is strongly brecciated and may represent a fault zone. Calcite G stringers somewhat commonly hosted G G « Bre 3» Clasts and matrix composed of hornfels. Angular G mm-cm scale clasts hosted. Ser Sil Chl Ep Ge « Ser 2*» « dis, fra-hosted, agg Py 2-3%» « flg» « Ser 3*»«Py 10%» « Sil 2*» « Bre 1*» 295 « Blc 2*» Blc+Ser+5%Py+0.5%Po Ban 25 15cm > « Sil 2-3*» Lam 50 > Blc+Cc Ban mm > « flg» « dis, fra-hosted, blebby, banded Po 1-3%» « Blc+Cc+Fp Vsw 2-3% 1-5mm» with minor brecciated appearance Po Ban mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 26 of 32

126 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Blc 40 2*» « dis, fra-hosted Py 2-3%» « Blc+Fp Ban 45 2*» 300 « dis xtals, fra-coating Py %» « Bre+Ser Monzonite» « Bre 1*» « dis, fra-hosted Py 2-3%» « Sil 2-3*» « ban, dis, blebby Po 3-5%» « Blc 2*» Lam 40 > « Chl 3*» « Semi-massive Po 20%»«Py 20%» lct 75 > marked by weakly brecciated hornfels with strong silicification Monzonite G Monzonite G Grey-green medium-grained equigranular unit with weak to moderate sericite G G alteration, moderate chlorite alteration at the top of the unit, moderate G silicification, and weak epidote towards the bottom of the unit. Calcite G stringers and veinlets throughout, commonly hosting pyrite. Pyrite also occurs disseminated, rarely semi-massive. Bottom of unit is formed by strongly 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 27 of 32

127 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample deformed quartz-calcite-epidote veining Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Sil 2*»«Ser 1-2*»«Cc+/-Py VT mm»«Cc+/-Py Str 1-3%» « Chl 2*» « dis, str+vt-hosted Py %» « Ep 1*» « Chl 2*» « Semi-massive Py 40%» No distinct oreintation 310 « dis, VT+VN-hosted Py 0.5-1%» « Cc+Qz+Ep+Py VN 70» lct 70 > Lower hornfels broken and rubbly below veining Hornfels G Hornfels G G Dark grey fine-grained unit with strong silicification, common calcite G stringers. Pyrite is found disseminated and hosted along fractures and within G veinlets G A major zone of strong sericite and weak bleaching hosts banded and G disseminated pyrrhotite. Bleaching is prevelant again towards the bottom of the G unit and is assoicated with biotite alteration. A semi-massive G pyrite+pyrrhotite zone is also hosted G G « flg» G G « Sil 2*»«dis, fra+vt-hosted Py 2-3%» Commonly rubbly G through interval « fra-related Blc 1*» /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 28 of 32

128 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Blc 4* 15cm > hosting disseminated and veinlets of pyrite « Py 1%» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « dis, fra+vt-hosted Py 2-3%» « Sil 2-3*» « Banded blc 2*» % Py ban 35 2cm > « Ser 2*»«blc 2*»«dis, agg Py 1-2%»«Fp 1*» 60 « Semi-massive, dis, banded Po 5-15%» is a metasomatized zone, light green in colour, with pyrrhotite commonly replacing k-spar. « Monzonite» « banded Blc 1*» « dis, fra+vt-hosted Py 2-3%» Blc Lam > cross-cutting Cc VN 60 8mm > « Cc+/-Py str 1-2%» Blc+ser+5%Py ban cm > « Blc 2*» Cc VN cm > with Bre 1* 5cm > « Bre Cc VN 50-70» « Sil 2*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 29 of 32

129 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Semi-massive Py 30-40%» orientation of upper contact is deg, whereas lower contact is 35 deg.«chl 2*»«Fp 1*» « Blc 2*» « Sil 2*» « dis, VT-hosted Py 1-2%» Poor recovery 325 « Semi-massive Py 10-15%»«Chl 2*»«Ep 2*» « Bre flg»«blc 3*» « Bre 1-2*» « Fp 1-2*» « fra+vt-hosted Py %» « Blc 1*» « Sil 1*» « Fp 1*» « Blc 2*» Py+Cc VN 20 5mm > lct 40 > Grades quickly into monzonite Monzonite G Monzonite G Grey-green pervaisvely altered medium-grained equigranualr unit with moderate silicification, weak to moderate sericite and weak bleaching. Also weakly calcareous. Very common quartz veinlets and calcite stringers. Pyrite is 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 30 of 32

130 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample mainly disseminated and rarely hosted in veinlets, and blebby aggregates. Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Sil 2*»«Ser 1*»«Blc 1*»«Cc Str 3-5% 1-5mm» «Qz VN mm»«dis Py %» « dis Po %» Cc+/-Py VN mm > lct > Hornfels G Hornfels G G Grey to dark-grey fine-grained unit with moderate to strong silicification G throughout, zones of bleaching and biotite alteration. Pyrite and pyrrhotite G are absent from the first few meters of the unit, then are disseminated, G fracture and veinlet hosted with pyrrhotite more common than pyrite G G « Sil 2-3*» G « Bi 2*» « Blc 1-2*» « Bi 1*» « dis, VT-hosted Po %» « dis, VT-hosted Py %» 30 « Chl 2*» Cc+Py Str 4-8mm > Lam 25 > % Semi-massive VN Py cm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 31 of 32

131 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Bi 1*»«Blc 1*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Blc Lam 30 2cm > Chl+Ser+15%Py VN 30 6cm > Chl+Ser+Py VN 50 5cm > « Blc 2*» « wispy Po 0.5%» « Fra-related Blc 1*» 345 « Blc 3*»«Ser 1*»«dis Po 3-5%»«dis Py 2-3%» « Patchy Blc 1-2*»«Patchy Bi 1-2*»«fra+VT-hosted Py 0.5%»«dis Po %» EOH 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 32 of 32

132 DRILL LOG Project: Hole Location: Logged by: Drilled by: Assayed by: Fran FR T. Branson Ridgeline ALS Chemex m North m East Core Size: NQ Date Started: Date Completed: 2011/01/ /01/12 Dip Tests By: Reflex Collar Elevation (m): Azimuth (º): Dip (º): Length (m): Horizontal Projection: Vertical Projection: Objective To test the down dip extension of Bullion Alley Zone mineralization previously intersected in drillholes FR and FR Summary Log: m Casing m Monzonite - medium-grained, equigranular, weak sericite, bleaching, goethite, 0.5-3% disseminated, veinlet and vein pyrite m Hornfels - fine-grained, strong silica, variable bleaching, biotite alteration, blebby, disseminated and veinlet pyrrhotite and pyrite common, minor chloritic fault zones hosted m Massive Sulphide - 60% pyrite, 3% pyrrhotite with entrained quartz and calcite stringers oriented at 25 to core axis m Hornfels - fine-grained, strong chlorite and sericite grading into moderate bleaching, 1-2% fracture and veinlet-hosted pyrrhotite, 3-5% pyrite m Monzonite - medium-grained, equigranular, weak sericite, variable chlorite, 1-2% veinlet and vein pyrite, disseminated and veinlet 1% pyrrhotite m Hornfels - fine-grained, strong silica, variable bleaching, mineralization in stronger zones, minor pyrite and pyrrhotite m Monzonite - medium-grained, equigranular, strong silica, weak sericite, variable chlorite, 1-2% disseminated, fracture and veinlet-hosted pyrite, 0.5%-1% pyrrhotite m Fault Zone - strong chlorite, sericite, fault breccia and gouge common, 1-5% disseminated, veinlet, wispy pyrite m Monzonite - medium-grained, equigranular, moderate silica, weak sericite m Fault - brecciated, moderate sericite, weak chlorite, 1-2% blebby pyrite m Monzonite - medium-grained, equigranular, moderate sericite, variable epidote, chlorite, 1-2% veinlet, disseminated and blebby pyrite

133 DRILL LOG Project: Hole ID: Fran FR Downhole surveys: Depth Dip Azimuth Hole ID: FR

134 CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Casing Casing Monzonite G Monzonite G G Light grey-green medium-grained equigranulaalr unit with several structural G zones hosted, especially at the top of the unit. Generally weakly sericitic and G weakly bleached with very common calcite stringers. Pyrite is disseminated and G hosted in veinlets and stringers G G « Ser 1*»«dis Py » G G « fra-coating Ge 1-2*» G G Qz VN 25 2cm > G G « Blc 2-3*» G G « dis, bre+vt+vn-hosted Py 2-3%» G Py VN 30 5mm > « gougey Bre 2-3*» « Blc 1-2*»«Ser 1*» « gougey Bre 2-3*»Broken until « Ser 1*» « Ep 2*» 15 « Sil 2*»«Cc Str 2-3% 1-4mm» « dis Py %» 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 1 of 23

135 35 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Cc VT mm > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Chl 1*» « Blc 3*» Hosting 3-5%Py Bre * > Qz+Cc VN mm > Qz+Py VN 30 1cm > 20 « Blc 1*» « Sil 2*» White flg 7cm > « Blc 3-4*» Poor recovery Bre 2* 5cm > « Bre+Blc Cc+Qz VN 35-40» flg 4cm > « Sil 1*»«Chl 1*»«Blc 2*» 25 « Ser 1*» « Sil 1-2*»«Blc 1*» « Cc Str 2-3%» « VT-hosted Py 2-3%» « Chl 1*» « dis Py %» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 2 of 23

136 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Blc 2*» Cc VN cm > 30 « Hornfels»«Sil 2*» « flg» « Ser 1*»«Blc 1*»«dis Py 2-3%» lct 70 > Quickly grades into hornfels Hornfels G Hornfels G G Dark grey fine-grained unit with strong silicification, peravisely bleached G zones commonly hosting blebby, disseminated and veinlet pyrrhotite. Pyrite G also commonly found disseminated, blebby, fracture and veinlet hosted. Patchy G sericite commonly associated with bleaching. Patchy banded dark red alteration G is being called biotite, but could be another type of alteration. Calcite G stringers and and veinlets somewhat common. Several broken and rubbly zones G found. Also zones with jagged vugginess? found, the result of brecciation? G weathering? G G « Sil 2-3*» G G « dis, fra+vt-hosted Py 2-3%» G G Semi-massive Po 15% 2cm > Rubbly zone G G « Ser 2*»«dis Py 5%»«Blc 1*» G « Ser 2*»«Blc 1*»«Py VN mm» G G G Ser+Blc+5%Py Ban 70 5cm > G G « Blc 1*»«Sil 1*» G /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 3 of 23

137 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm G « Bre Cc+5%Py VN 5%» G G « Sil 2-3*» G G « Patchy Blc 1*» G G Lam 40 > G G « dis, VT, wispy agg Py 3-5%» G G « Ser 2*»«Bi 1*» G G blebby Po 1% 2-3mm > G « Bi 1*» G G G « wispy Po %» G G « Blc 2*»«dis, wispy Py 3-5%»«Ser 1*» G G « dis, wispy agg, VT-hosted Py 1-2%»«Blc 1*» G G « Blc 2*»«dis, wispy, VT-hosted Po 1-2%»«Py 0.5-1%»« G Cc+/-Po+/-Py str 2-3%» G G « Bi 1*»«Tr Py» G G Bre Cc VN 60 2cm > G « Blc 1-2*»«Ser 1*»«dis, VT-hosted Py 0.5-1%»«Po G G %»«Cc Str 1-2%» G G Str-hosted Py 5% 5cm > G « Cc str 1-2%»«Str-hosted, blebby Py %» G Ser 0 4 Sil G G « Ser 1*»«Blc 1*» G Chl 0 4 Ep 0 4 Ge G /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 4 of 23

138 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm « dis, agg, VT-hosted Py 1-2%» G G « blebby Po 0.5%» G G Blc Ban 70 5cm > G G Ban Po mm > G G « Bi 1-2*» G G « fra-hosted Py %» G G Blc+Ser+Py Ban 60 2cm > G G Zone has jagged vugginess, stripped during drilling, or G brecciated?fracturing? G G « Patchy Blc 2-3*» G G « wispy agg, VT+Fra-hosted Py 1-2%» G Ser Sil G « Ser 1*» G G « VT-hosted Po 0.5%» G Chl Ep Ge « patchy Blc 1*» though generally hosting pyrite veinlets and fractures « Bi 1*» associated with bleached zones. « Banded, blebby Po 1-3%» Mainly hosted in alteration bands Po ban 40 5mm S-Blc+W-Ser Ban Po 3% > Semi-massive Po cm > with bleaching « Bi 1*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 5 of 23

139 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Cc+Po VN 20 3cm > 60 « Blc 2*»«Ser 1»«Fp 1*»«wispy Po 3-5%»«Py 3-5%» 20 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Blc 1*»«Ser 1*»«Semi-massive Po 20%»«wispy Py 3%» « Blc 1*» « Bre *»«dis, blebby Py %» « Blc 2*» « Sil 3*» « Patchy Blc 1*» « Patchy Bi 1-2*» « Wispy, dis, fra+vt-hosted Po 2-3%» Locally more concentrated up to semi-massive. «Py 1%» Lam 70 > 65 « Semi-massive Po 30%» Po+Py Str 3-4% 1-3mm > Po+Py Ban 60 1cm > « Semi-massive Py 25%»«Chl 2*»«Ser 1»«Blc 2*» « Blc 1*» « Ser 1*» Coarser-grained zone with unusual alteration. Sericite generally along fractures. Very common pyrrhotite Blebby dis Po 15% > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 6 of 23

140 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Blebby dis Po 5%» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm dis ban Po 30 15mm > 70 « Patchy Bi 1*» « dis Po 5%» %Po+10%Py Ban cm > Blc+5%Po Ban 70 5cm > Blc+Ser+5%Po Ban 50 35mm > « %Py+Cc+Blc Str mm» Po Ban cm > Possibly weakly folded? Arcs arcoss core Cc VN 20 5mm > « Blc 1-2*»«Ser 1*» Cc Vsw 3% 1-4mm > Lam 40 > Blc+Bi ban 35 2cm > « Blc 2*»«Ser 1*»«Bi 1*» Blc+Po Ban 60 2cm > Ser+Blc Ban 25 2cm > « Blc 2*»«Chl Net-textured Py 10% > « wispy agg, VT-hosted Py %»«blebby, wispy Po %» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 7 of 23

141 35 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Sil 3*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Blc 1*»«Ser 1*»«Bi 1*»«wispy Py 1-2%» Cc Str mm > 20 « Ser 2*»«Blc 1*»«Wispy, blebby Py 5%» « Cc Str 3% 3-8mm» Cc VN 20 5mm > « Ser 1-2*»«Blc 1*»«Bi 1*» « wispy Py 1-2%» « Cc+/-Py Str 1-2% 1-5mm» « patchy Bi 1*» %Py+Chl Ban mm > %Py+Chl Ban cm > Py+blc VN 35 1cm > Blc Ban 50 2cm > « Bre 2-3*» « Chl 2*»«Blc 3*» « Sil 2-3*» « fra 2*» « Bre 2*» hosting sub-rounded pebble-sized calcite fragments 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 8 of 23

142 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Cly 1*»«Porp?»«Bre?» Hornblende crystals hosted, distinct hexagons, «Ser 2*»«Cc Str 0.5% 1-3mm» Intruded unit syn-altered? Light grey in colour. Different lithology. 90 « dis Py %»«dis Po %» « Sil 3-4*» %Semi-massive Py 70 3cm > « agg, VT-hosted blebby Py 0.5-1%» « Blc 1*» Blc+3%Py+Cc Vsw 1-5mm > Blc+Chl+Ser+5%Py Ban cm > « Silicified Bre 2*»Flattened and stretched clasts of varying composition, rounded to angular.«ser 1*»«dis, VT-hosted Py 0.5%»«Po 0.5%» 95 « dis bands, VT-hosted Po 1-3%» Locally up to 10% «agg, fra+vt-hosted Py 1-2%» « patchy Blc 1*»«dis Po 3-5%» « Blc 3*»«Ser 1*»«Fp 1» «VN 40» « Blc 1*»«Bi 1*» Blc Ban 70 5cm > « dis Po 5-10%» «Py+Cc+Chl Str 1% 4-6mm»«Blc 1*» « MD» 3-5% HB porphyry«ser 1*»«Chl 1*»«dis, Po %» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 9 of 23

143 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Semi-massive, VT Po 25-30%»«Blc 2*»«Ser 2*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « dis, agg, VT-hosted Po 1-2%»«wispy, fra+vt-hosted Py %» dis Po Ban 80 2cm > « Bi 1*» Bre Cc VN 25 6mm > Blc+Po Ban 40 1cm > Blc+Po Ban cm > « Blc 1*»«Bi 1*»«Ban 40» « Bi 1*» Lam 40 > « Blc 1-2*»«Ser 1*»«5-8%VT+VN Po mm» « Cc+/-Py Str 1% 1-5mm» Blc+Po Ban 50 5cm > « MD 40»«Chl 1*»«Ser 1*»«Blc 1*» Weakly porphyritic Blc+Ser+5%Po+3%Py Ban 40 4cm > Blc+Ser+5%Py+2%Po Ban cm > « dis Po 5%» « MD»«Ser 3*» « Blc 2-3*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 10 of 23

144 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Ser 1-2» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Massive Po 50%» 110 « Dis, ban, wispy, blebby Po 2-3%»«wispy, fra-hosted Py 0.5-1%» 20 « Bi 1-2*» « Ser 1*»«Blc 2*»«Wispy Po 5-8%» Po Ban 40 1cm > « Patchy Blc 1*» « %Semi-massive Po 20»«Py 10%» Strongly laminated. «Ser 1*»«Chl 1*» Qz+Po+Py VN 20 2cm > Possibly a syn-altered intrusive? wispy Po Ban 30 1cm > « Monzonite»«Ser 1*» Dark grey from alteration, medium-grained equigranular with hornblende and sericitic feldspars %Po+3%Py Ban 30 5cm > « Monzonite»Similar to above«ser 1*» « banded, wispy, agg Po 1-2%»«fra-hosted, wispy Py %» « Blc 1*» « patchy Bi 1*» « Blc 2*» « Chl 2*»«Wispy, net-textured Po 10-15%» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 11 of 23

145 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Ser Lam 50 > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Monzonite»«Ser 1*»Weakly bleached VT Py 40 1mm > « wispy, banded, VT+fra-hosted Py 0.5%»«Wispy, banded, agg Po 0.5%» « Cc str 2% 1-5mm» %Po+5%Py Ban 35 1cm > Chl+Blc+5%Py Ban 50 5cm > « Ser 1*» « Patchy Blc 1-2*» « Blc 2-3*»«Sil 2*»«Chl 2*»«Bi 1*»«Str-hosted, wispy agg Py 1-2%» Lam 30 > Bre flg 15 3cm > lct 15 > Massive Sulphide Massive Pyrite G % pyrite, 3% pyrrhotite, calcite and quartz stringers entrained. «Massive Py 60%»«Po 1-3%» lct 25 > 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 12 of 23

146 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Hornfels G Hornfels G G Light grey fine-grained unit, strongly chloritic and sericitic grading into G moderate bleaching with trace biotite alteration. Calcite stringers with pyrite G and pyrrhotite, common. Pyrite and pyrrhotite hosted in fractures, calcite G veinlets, forming wispy, blebby aggregates and bands. Pyrrhotite rarely disseminated. Patchy sericite alteration and chlorite towards the bottom of the unit, mainly associated with mineralization. « Chl 3-2*»«Ser 2-1*» « Po 1-2%»«Py 3-5%» « Cc Str 2-3% 1-5mm» « agg Py 5-10%» « Blc 2*» 130 « Tr Bi»«Sil 2*» Po Ban 70 1cm > Lam 40 > % agg banded Po 20 2cm > « Monzonite 15»«Ser 1*»«dis Po 1%» « patchy Blc 1-2*» Lam 30 > « wispy agg Py 5%» « Blc 2*» wispy Po 3% Bleb Py 5% 2cm Ep 1* > 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 13 of 23

147 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Py Lam 30 > lct 45 > Approximate, grades into monzonite Monzonite G Monzonite I I Light grey medium-grained equigranular unit with weak sericite alteration, I zones of chlorite alteration, and common calcite stringers. Pyrite commonly I hosted in veinlets and veins and along fractures. Pyrrohite is commonly I disseminatad in the groundmass and also forms in veinlets. Xenolithic? zones I of hornfels hosted I I «Sil 2*» I I « Ser 1*»«Py VT mm»«VT+fra-hosted Py 1-2%»« I dis, VT-hosted Po 1%» I « Sil Hornfels» 140 « Chl 1*» 20 « Sil+Blc Monzonite»«dis Po 5%»«dis Py 5%» « Ser 1*» « VT+VN+fra-hosted Py 2-3%»«dis, wispy Po 1%» « Chl 2*» Py VN 20 5mm > 145 « Sil Hornfels» « Ser 1*»«Py VT mm» Cc+Py VN mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 14 of 23

148 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Chl 1*» %Py VN 20 1cm > Py VN 20 4mm > « Chl 1*»«wispy agg Py 5%» Py VN 40 5mm > « Fp 1*» Weathered out Cc+/-Py VN 15 1cm > lct 40 > Hornfels I Hornfels I I Grey fine-grained silicified unit with patchy bleaching and biotite alteration I Mineralization typically found in stronger bleached zones, commonly with I chlorite. Pyrite more common than pyrrhotite, Minor zones of hornblende I porphyry and monzonite hosted towards bottom of unit, with pyrrhotite I disseminated. 15 «Sil 2-3*» « VT+fra-hosted Py %»«VT-hosted Po %» « Blc 2*» « Fp 1*» « Bi 1» « Bre 1*» « Bi 2*» Lam 45 > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 15 of 23

149 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Chl+Blc+Py Ban 35 2cm > « Bi 1*» Chl-Blc-Py Ban 45 2cm > « VT+VN+fra Py 1-2%»«wispy, VT+VN-hosted Po %» « Patchy Bi 2» Lam 30 > Qz+Py VN 30 3cm > « wispy agg banded Py 5%»«Banded, wispy Po 5-8%» «Ser 1*»«Blc 3*» « Ser 1*»«Blc 3*» « Blc 2*»«Bi 1*» « Blc 3*»«Chl 1*»«Ser 2*» 40 « Bi 1*»«Blc 2*» Cc+Py VN 40 5mm > « Ser 1*» « MD 60»«dis Po 1%»«Ser 1*»«Blc 1*»«Chl 1*» 5% hornblende crystals at top of unit, grading into more of a feldspar porphyry/monzonite towards bottom from m. « Blc 2*»«Bi 1*»«VT-hosted Py 0.5%» 165 « Monzonite 50»«Ser 1*»«dis Po 1%» « Blc 2*»«Ser 1*»«Bi 1*»«fra+VT+VN Py 1-2%» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 16 of 23

150 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Lam 40 > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Py VN mm agg Py VN 50 > lct 70 > Monzonite I Monzonite I I Grey medium-grained equigranular silicified unit with weak sericite, zones of I chloritic alteration, and common calcite veinlets and stringers. Pyrite and I pyrrhotite are disseminated in places, forming wispy aggregates, hosted in I veinlets and veins, and found along fractures. Xenolithic fragments common I I « Ser 1*»«dis, fra, VT-hosted Py 1-2%»«Po 0.5-1%» I I « Sil 2-3*» I Cc VT 20 3mm > I Cc+/-Py VN cm > « Chl 1-2*»«Blc 1*» Py+Chl VN mm > Py+Chl VN mm > Qz+Po VN 50 1cm > Qz+Po VN mm > « %Py VT mm» 30 « Chl 1*» Qz+Po VN 40 1cm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 17 of 23

151 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Chl 1*» Cc+Py VN mm > 40 « Chl 1-2*»«Blc 2-3*» Cc VN mm > « Blc 4*»«dis Py 1*» Qz+Cc VN 40 5cm > Lower contact grades into alteration from fault zone Fault I Fault Zone I I Dark grey to black unit with moderate to strong chlorite and sericite I alteration of monzonite with zones of fault breccia and gouge, zones of less I altered monzonite visible, grading into and out of strongest alteration. Quartz I and calcite veining common, pyrite commonly disseminated and forming blebs, generally associated with veining « Ser 2-3*»«Chl 3*»«Blc 1*»«dis Py 3-5%» Qz+Cc VN cm > Cc+Qz VN 30 8mm > 185 From unit broken and rubbly with minor fault gouge. « dis Po %» « Monzonite» « Ser 2*»«Chl 1*» « VT-hosted Py 0.5%» 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 18 of 23

152 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Ser 1*» « Chl 3*»«Ser 2*»«dis Py 0.3%» Cc VN mm > « Blc 1*»«Ep 1*»«dis, wispy Py 0.5%» «Chl 1*» « Qz bre 1-2*»«Chl 2*»«Blc 2-3*»«VN-hosted, agg Py 3%» « Qz Bre 3*» top contact at 45 deg tca«breccia matrix Py 20%» Lower contact at 40 deg tca « bre flg 40» Compentent 40 « Qz+Cc+Py VN» Appears nearly folded perpendicular tca.«chl 2*» « Chl 1*»«Ser 2*»«Ep 1*»«Bre 1*»«dis bleb Py 1-2%» Monzonitic breccia « gougey Bre 40»«Blc 1*» « blebby, wispy Py 2-3%» Cc VN 80 2cm > Cc+Py VN 55 2cm > « Qz+Py Bre 2-3*»«Blc 2*»«Chl 1*» lct 25 > marked by Py+Cc VN 25 1cm > /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 19 of 23

153 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Monzonite Monzonite 25 Ser 0 4 Sil 0 4 Chl 0 4 Ep 0 4 Ge 0 4 Au ppb Ag As Cu Zn ppm ppm ppm ppm I Light grey-green medium-grained equigranular unit with weak sericite, moderate silica alteration, common calcite+/-pyrite veinlets. Minor vugginess from weathered out calcite veinlets. Xenolithic clasts hosted. « Ser 1*» «Cc+/-Py VT mm»«VT-hosted Py 1-2%» lct 35 > marked by Cc+Py VN 35 1cm > Fault I Fault Zone I Brecciation of monzonite with moderate sericite, weak chlorite and blebby pyrite. Bottom of unit marked by shallow quartz-calcite-pyrite vein I « Ser 2*»«Chl 1*»«dis, blebby Py 1-2%»«weakly gougey Bre 2*» « Cc+Qz+5%Py VN 15» lct 15 > Monzonite I Monzonite I Grey-green medium-grained unit with weak to moderate sericite, patchy epidote, I I zones of chlorite alteration commonly associated with stronger mineralization I Calcite veinlets and stringers somewhat common. Xenolithic fragments, cm-scale I in size, very common. Pyrite mainly hosted in veinlets, less commonly I disseminated. A quartz-pyrite-pyrrhotite-chalcopyrite vein with a strong I alteration halo is also hosted I I « Ser 1*»«VT-hosted, dis bleb Py 1-2%» I I Cc VN 70 3cm > I I /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 20 of 23

154 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm « Cc+/-Py str 2-3%» I « Ep 2*»«Fp 1*» Fracture related 50 Ser Sil Chl Ep Ge I Cc+Qz+Py VN 60 3cm > Cc+Py VT mm > 25 « Chl 2*»«Ser 2*»«wispy, fra+vt-hosted Py 5%» Qz VN 50 2cm > « Chl 1*»«Ser 1*»«wispy, fra+vt-hosted Py 2-3%» «Cc Str 2-3% 1-8mm» 210 « Ser 2*»«Chl 1*»«wispy, str+vt-hosted Py 3-5%»«Cc Str 1% 1-5mm» « Bre 1-2*» « Ser 1*» « fra+vt-hosted Py 0.5%» Cc+Py VN 25 1cm > « Blc 1*»«Chl 1*»«Cc str 2-3% 1-8mm» « Chl 2-3*»«Ser 2*»«wispy, blebby, VT-hosted Py 3-5%» «Blc 1*» « Ser 1-2*»«Chl 1*»«Cc+Py Str 1% 1-4mm»«str+VT-hosted Py 1-2%»«Tr Po» Py str 0 2-8mm > « Ser 2*»«Chl 2-3*»«Blc 1*» « VN+str-hosted Py 5%» 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 21 of 23

155 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Py+Cc VN 0 8mm > 70 « %wispy aggregate Py 35 1cm» banded « wispy agg Cp 1-2%» « dis Po 10%»«dis Py 3%» 230 « Qz+Py+Po+Cp VN 35»«Py 15%»«Po 5%» « Ser 1-2*»«Sil 1-2*» weakly pervasively bleached? to m. 50 « Cc Str 1% 1-4mm» « dis, fra+vt-hosted Py 0.5%» 235 « Chl 1*» Fra-related « Cc+/-Py+/-Ep Str 2-3%» « Ep»«Fp 1*»related to calcite veinlets and stringers Cc+Py VN 40 25mm > Bre 30 8cm > Fp VN 70 65mm > with purple veinlets, fluorite/amethyst? « Cc Vsw 5%» Cc VN 50 8cm > « Cc Str 1% 1-4mm» « Chl 1*»«blebby Po 0.3%»«wispy agg, fra+vt-hosted Py 1-2%» Chlorite associated with fractures and mafics giving a darker appearance 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 22 of 23

156 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample to monzonite«fra 1-2%» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc+Py+Po VT mm > Fp VN 70 5cm > Cc+Py VN mm > EOH 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 23 of 23

157 DRILL LOG Project: Hole Location: Logged by: Drilled by: Assayed by: Fran FR T. Branson Ridgeline ALS Chemex m North m East Core Size: NQ Date Started: Date Completed: 2011/01/ /01/13 Dip Tests By: Reflex Collar Elevation (m): Azimuth (º): Dip (º): Length (m): Horizontal Projection: Vertical Projection: Objective To test the up dip extension of Bullion Alley Zone mineralization previously intersected in drillholes FR , FR and FR Summary Log: m Casing m Monzonite - medium-grained, weak bleaching, moderate to strong goethite m Hornfels - fine-grained, moderate silica, variable bleaching, biotite, chlorite and sericite, brecciated and faulted in places, pyrite hosted in veinlets and veins m Monzonite - medium-grained, equigranular, weak sericite, chlorite, variable bleaching, 0.5%-5% wispy, veinlet pyrite m Hornfels - fine-grained, strong silica, variable biotite, sericite, bleaching and semi-massive pyrrhotite m Monzonite - medium-grained, weak chlorite, moderate sericite, strong silica, 2-3% veinlet pyrite m Hornfels - fine-grained, strong silica, variable sericite, biotite and bleaching, 1-3% veinlet, vein and semi-massive pyrite, 1% pyrrhotite m Monzonite - medium-grained, equigranular, strong silica, weak sericite, biotite, 2-5% disseminated, veinlet pyrite m Hornfels - fine-grained, strong silica, variable sericite, biotite and bleaching, minor disseminated and veinlet pyrrhotite and pyrite m Monzonite - medium-grained, equigranular, weak sericite, moderate silica, variable epidote, chlorite, k-feldspar

158 DRILL LOG Project: Hole ID: Fran FR Downhole surveys: Depth Dip Azimuth Hole ID: FR

159 CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING CASING Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Casing Casing Monzonite I Monzonite I Grey, medium-grained weakly bleached unit with moderate to strong goethite along fractures resulting from weathered-out pyrite. Minor calcite stringers throughout. Pyrite forming in fractures and veinlets. 10 Broken and rubbly with very poor recovery until 10.67m «Blc 1*»«fra+VT-hosted Py 0.5-1%»«Cc str 1% 1-3mm»«Ge 2-3*» « VT-hosted Py 3%» Lower contact is strongly fractured and somewhat gradational Hornfels I Hornfels I I Dark grey to black fine-grained unit with moderate silcification through most I of the unit, patchy bleaching, biotite, chlorite and sericite alteration, I brecciation and fault gouge zones. Strongly fractured in places. Pyrite I commonly hosted in veinlets and veins, along fractures and also semi-massive at I the bottom of unit. Geothite found along fractures at top of unit and in the I semi-massive zone. Calcite stringers and veinlets common. « Sil 2*»«Ge 1*» 15 « fra+vt+vn-hosted Py %» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 1 of 14

160 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Cc Str 1-2%» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « gougey Bre 1-2*» « Bi 1*» « Sil 1-2*» « Blc 2-3*» 30 « Chl 2*»«Ser 1*»«Blebby Py 2-3%» Mafic dyke? Fra 15 > « fra 1*» « Ser 1*»«Blc 1*»«Chl 1*» Py+Cc VN mm > « fra 2*» « Blc 3*» « flg 50» « Bi 1-2*»«Ser 1-2*»«Blc 1-2*» 20 « Cc Str 1-2% 1-4mm» « flg» « Ge 1*» Fracture coating « Semi-massive, dis, VT Py 20-25%»«Gr 1*» Gougy with poor recovery. 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 2 of 14

161 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm Monzonite I Monzonite I I Light grey-green medium-grained equigranular unit with weak sericite through I most of the unit, zones of moderate bleaching, fault gouge, and weak chlorite I alteration. The top of the unit is weakly chloritic and moderately altered by I biotite/k-spar, a pinkish alteration. Pyrite is most common at the top of the I unit, forming wispy aggregates and hosted along fractures and veinlets. with I the remainder of the unit hosting similar mineralization style but less I abundant. Minor pyrrhotite found towards lower contact. Calcite stringers, veinlets and veins somewhat common through most of the unit. Zones of bleached hornfels also hosted. Ser 0 4 Sil 0 4 Chl 0 4 Ep 0 4 Ge 0 4 « Chl 1-2*»«wispy agg, VT-hosted Py 3-5%»«Bi 2*» 25 « Ser 1*» « Sil 2*» « fra+vt-hosted Py 0.5%»«Ge 1*»«Cc str 1%» flg 5cm > « Hornfels»«Sil 2*»«Blc 3*»«VT Py 0.5%» « Ser 2*» « Hornfels»«Sil 2*»«Blc 3*» « Chl 2-3*»«Ser 1-2»«wispy Py 1%» « flg»«ser 2*» « Blc 1-2*» « dis, fra+vt-hosted Py 0.5-1%» Cc VN cm > /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 3 of 14

162 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Chl 1*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm dis Po 1% > « Cc VT mm» « blebby Po 0.3%» « Cc Str 2-3%» Py+Cc VN mm > « dis Po 1-2%» lct 65 > Hornfels I Hornfels I Grey to grey-green to dark pink to black fine-grained strongly silcified and I I metasomatized unit with patchy zones of biotite, sericite, bleaching and I semi-massive pyrrhotite. Hosts a mafic dyke with disseminated pyrrhotite I Alteration commonly associated with fracturing and veinlets, but not always I Pyrite found forming along fractures and in veinlets, rarely forming massive I blebs with pyrrhotite. Pyrrhotite is hosted in bands, fractures, disseminated I and is massive in several places I I « Sil 3-4*» I I « dis Po 3-5%»«wispy, agg Py 2-3%» I I « Blc 2*» I I « Chl 2*» I « Ser 1-2*» « Bi 2*»«Blc 1*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 4 of 14

163 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « VT-hosted Py 0.5%» « Ban 60-70» « Bi 2*» « Bi 2*»«Ser 2*» Blc 2* 5cm > 40 « Monzonite» Pervasively altered monzonite? Felsic dyke? «Ser 1*»«Blc 2*»«Chl 1*»«wispy, fra+vt-hosted Py 2-3%» Cm-scale hornblende crystals visible.«cc str 1%» « Str+VT+VN-hosted Py 1-2%» Py VN mm > « blebby, VT-hosted Po 0.3%» « Cc Str 2-3%» « Blc 2*» « Bi 2*»«Blc 1*» « Ser 2*» « Semi-massive Po 25%»«Chl 1-2*» « fra+vt-hosted Po 1-2%»«Py 2-3%» 40 « Bi 1*» « Blc 2-3*»«Ser 1*» Po+Py VN mm > /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 5 of 14

164 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « MD»«Chl 3*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « dis, blebby Po 5%»«dis, VT+VN-hosted Py 3-5%» Po+Py VN mm > Py VN cm > « Bi 1*»«wispy, fra-hosted Py 1-2%»«Po 1-2%» « Ser 2*» « Semi-massive Po 25%» Po VN mm > « Bi 1*»«wispy, VT-hosted Po 2-3%»«Py 1%» « Bi 1-2*»«Ser 1*»«Chl 1*» « fra-hosted Py 0.5%» « Ser 1-2*»«Bi 1*» « wispy, banded Py 0.5-1%» 50 « patchy Ser 1*»«Bi 1*»«Blc 1*» « Ser 1-2*» « Blc 1-2*» « Semi-massive Po 25-30%» « dis, fra+vt-hosted Po 1-3%»«wispy, fra+vt-hosted Py 1%» « Monzonite» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 6 of 14

165 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « patchy, banded Bi 1*»«patchy Ser 1*»«Blc 1*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Lower contact is mashed up and non-distinct Monzonite I Monzonite I Dark grey-green medium-grained unit with weak chlorite, moderate sericite and strong silicification throughout. Common calcite+/-pyrite+/-pyrrhotite stringers and veinlets. Pyrrhotite disseminated in places. «Sil 3*»«Ser 2*»«Chl 1*»«VT-hosted, dis Po 1%»«VT-hosted Py 2-3%» «Cc VT mm»«Cc str 2% 1-4mm» I Bre Cc+Py VN cm > Rubbly from m Lower contact is gradual into lower hornfels Hornfels I Hornfels I I Grey to black fine-grained unit with strong silicification through most of the I unit. Patchy sericite, biotite, and bleaching, commonly associated with I fracturing and mineralization, but not always. Pyrite found along fractures I and hosted in veinlets, rarely in veins and semi-massive. Pyrrhotite same I styles of mineralization, but also disseminated in places. Calcite veinlets I somewhat common. One zone of fault gouge hosted I I « Sil 3*» I I « Blc 1*»«Bi 2*» «VT-hosted Py 0.3%» I I « MD»«Chl 2*»«Ser 1*»«VT-hosted Py 1-2%» I I « Blc 1-2*»«Bi 1-2*»«fra+VT-hosted Py 0.3%» I « Chl 2*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 7 of 14

166 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Ser 2*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Semi-massive Po 15-25%»«Semi-massive Py 3-5%» « Blc 1*»«Bi 1*» « fra+vt-hosted Py 1-2%»«Po %» « Blc 2*» « Chl 1*» agg, wispy Py 5% 5cm > blebby Py 5% > « fra-related blc 1*»«Bi 1*» 20 « Blc 2*»«Bi 1*» Py+Chl VN 20 1cm > « Chl 1*» « Cc+15%Py+Ser Bre 40»«Ser 2*» « flg» « Bre 1*»«fra-hosted Py 0.3%» « Sil 3*» « Bi 1*» 70 « blebby, fra+vt-hosted Py 1%» « dis, banded Po 3-5%» « Bre 1*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 8 of 14

167 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Blc 2*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Blc 1*» « Chl 1*» « Bi 1*» « dis Po 3%»«Ser 1*» « Ser 1*»«Blc 2*»«Bi 1*»«blebby, fra+vt-hosted Py 3-5%» Different texturally than rest of hornfels. Altered monzonite? « Blc 2*»«Bi 1-2*»«fra+VT-hosted Py %» 75 « Ser 2*»«Blc 1-2*»«Chl 1*»«fra-VT-hosted Py 2-3%»«Cc fra 1-2%»«Tr Ep»«Bre 1*» Towards lower contact broken and rubbly. Contact indistinct Monzonite I Monzonite I I Grey medium-grained equigranular unit with strong silicification towards the I bottom of the unit and weak sericite alteration throughout. Broken and rubbly I for first 6m. A zone of dark purplish red alteration, biotite? with strong I mineralization is hosted. Generally, pyrite is hosted in veinlets, fractures I and also disseminated, pyrrhotite also, but in lesser abundance. Calcite I stringers and veinlets common I « Blc 1-2*»«Bre 1-2*»«fra 2-3*»«Ser 1*»«dis, VT Py I I %»«Chl 1*» Broken and rubbly, with minor gougey zones I Cc+disPy VN 50 2cm > I « Ser 1*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 9 of 14

168 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « dis, fra+vt-hosted Py 3-5%»«Cc+/-Py str 1-2%»«Chl 1*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm VT Ep 2* 3-5mm > Xenolith Fp 2* > « Bi? 2*» Pervasive purpleish-red alteration «dis, wispy Po 2-3%»«fra+VT-hosted Py 2-3%»«fra+VT-related Chl 1*» «Qz+Py+Chl str 1% 1-5mm»«QZ VT mm» « Sil 3» « VT-hosted Py 2-3%» Cc+Py VN 60 2cm > « patchy Bi 1-2*» associated with «dis, wipsy Po 3-5%» Similar to above interval, but not pervasive. «fra+vt-hosted Py 2-3%»«Chl 1*» Lower contact grades into hornfels below Hornfels I Hornfels I I Dark grey to grey-green to pink fine-grained unit, pervasively altered by I sericite, biotite and bleaching with strong silicification throughout. Strongly I fractured in places and common calcite stringers and veinlets through most of I the unit. Pyrite hosted along fractures and in veinlets, rarely with chlorite I in veins/bands. Pyrrhotite is most abundant in an interval near the top of the I unit, forming in veinlets and disseminated in short semi-massive zones. Below I this zone, it is hosted in bleached zones, foming veinlets I I «Sil 3*» I I « fra+vt-hosted Py 1-3%» I « Blc 1-2*»«wispy Po 0.3%»«Bi 1-2*» /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 10 of 14

169 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Chl 1*» « patchy Ser 1*» « VT-hosted Po 3-5%» « Blc 1-2*» Semi-massive Po 25-30% 5cm > « Monzonite» 15 « Semi-massive Po 15-20%»«Chl 2*» 100 « Blc 3*»«dis Py 3%» « dis, VT-hosted Po 1-2%» « Patchy Bi 1*» Fp? « Chl 1*» « Blc 1-2*» xCc VN cm > 1% « Cc VT mm» Cc+Py VN mm > « Ser 1*»«Blc 1*» « Semi-massive Po 15-20%»«Semi-massive Py 10%»«Chl 2*»«Ser 2*» « Patchy Bi 1-2*»Fp?«Patchy Blc 1-2*»«fra+VT-hosted Py 1%» /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 11 of 14

170 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Lam 50 > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Chl+blebby Py Ban 50 1cm > « dis, blebby Po 0.5%» Py+Chl Ban 40 1cm > Cc+Chl+Py VN cm > Chl+Py VN mm > Chl+Py VN 50 1cm > Chl+Py VN 50 3cm > Chl+Py VN 50 4cm > Lower contact is gradational, though appears to be lct 50 > Monzonite I Monzonite I Light grey-green medium-grained equigranular unit with weak sericite I I alteration and moderate silcification through most of the unit. Epidote I alteration also common, but moreso towards bottom of unit, and associated with I disseminated pyrite in places. Chlorite alteration found in altered zones and I generally along fractures. Minor zones of feldspar alteration, associated with I veining. Calcite stringers and veinlets common, also cm-scale xenoliths I Pyrite found along fractures, in veinlets and finely disseminated, blebby and I forming euhedral cubic crystals. Pyrrhotite commonly forming fine to blebby I disseminations I I « Ser 2*»«VT-hosted Py 2-3%» I I « Sil 2-3*» I « Blc 1*»«dis, VT-hosted Py 3-5%» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 12 of 14

171 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Cc Str 1% 1-5mm» « Ser 1*» 120 « dis Po 0.5-1%» « dis, fra+vt-hosted Py 1-2%» « Chl 1*» « Fp 1*»«Cc Str 2%» Cc+Fp+Py VN 40 2cm > 125 « Bre flg 40» « Sil 2-3*» « dis Po 0.3%» « Ep 1*» « Bre 1*» 130 « Ser 2*» has minor shallowly dipping bands of faint pinkish alteration. « Chl 1*» « Chl 1*»«dis Po 1%» « Ep 1*» commonly associated with «dis, blebby Py 1-2%» «Blc 1*» 135 « Ser 1-2*» Bre Cc VN cm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 13 of 14

172 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « dis Py 0.5%» « Chl 1*» « dis, blebby Po 0.5-1%» 140 « dis, fra+vt-hosted Py 1-2%» « Ep 2» Commonly forming stringers « Bre Cc+Fp+Py VN mm» « Ep 1*» Cc VN 20 5mm > Vuggy and weathered out. 145 « dis Po 0.3%» « Chl 1*» « Chl 1*» « Ep 1-2*» « Chl 1*» Chl+Cc VN 5 1cm > EOH 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 14 of 14

173 DRILL LOG Project: Hole Location: Logged by: Drilled by: Assayed by: Fran FR T. Branson Ridgeline ALS Chemex m North m East Core Size: NQ Date Started: Date Completed: 2011/01/ /01/16 Dip Tests By: Reflex Collar Elevation (m): Azimuth (º): Dip (º): Length (m): Horizontal Projection: Vertical Projection: Objective To infill the Bullion Alley Zone mineralization previously intersected in drillholes FR and FR to the southeast and FR to the northeast of FR Summary Log: m Casing m Monzonite - medium-grained, equigranular, moderate sericite, variable silica, chlorite, strongly magnetic, oxidized m Semi-Massive Sulphide - strong chlorite, moderate sericite, silica, fault gouge in places, 35 cm of 25% semi-massive pyrite, 60cm of 30-40% net-textured, pyrrhotite trace chalcopyrite, oriented at 25 to core axis m Monzonite - medium-grained, equigranular, variable sericite, chlorite and epidote, minor fault gouge and brecciation zones hosted

174 DRILL LOG Project: Hole ID: Fran FR Downhole surveys: Depth Dip Azimuth Hole ID: FR

175 CASING CASING CASING CASING CASING CASING CASING CASING CASING Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Casing Casing Monzonite I Monzonite I I Grey-green medium-grained equigranular unit with moderate sericite and patchy I silicification. Strongly oxided, rubbly and gossanous at top of unit with I veinlet and disseminated pyrite weathered out. Strongly magnetic from magnetite I hosted in groundmass. Calcite veinlets common. Zones of strong chlorite I alteration I I « Ge 2-3*»«He 1*»«Ep 1*» I « Ser 2*»«dis, VT-hosted Py %» I I « flg» I I « flg» I I « Cc Str 1% 1-4mm» I I « Chl 1-2*» I I « Bre 2*»«Cly 1-2*» I I « flg» I I flg 45 1cm > I I « Cc Str 1%»«Ep 1*» I He VT mm > « Bre flg»«ge 2*»«He 1*»«Cly 3*» 20 « Bre 45 1*»«Cly 1*» « Blc 1*»«Cc VN mm» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 1 of 12

176 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Ser 1-2*»«Cc Str 1% 1-4mm»«dis, VT-hosted Py %»«Tr Ep»«Tr Po» Qz+/-Po VN 20 1cm > Cc+Py VT 20 4mm > Py VT mm > « Chl 2*» Qz+10%Py VN 30 4cm > Qz VN 80 3cm > Cc+Py VN mm > Qz+Py VN 30 8mm > 80 « Chl 1*» Py VT mm > 35 « blebby Po 1%» xPy VT mm > « Chl 2-3*»«Ser 2*»«dis, VT+VN-hosted Py 3-5%» Py VN 25 5cm > Py VN 20 5mm > Py VT 25 3mm > Cc+Py VN 30 1cm > Cc+Py VT mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 2 of 12

177 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample 25 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Py VN 25 12mm > Lower contact is gougey and approximately lct 30 > Semi-massive Sulphide I Semi-Massive Pyrite+Pyrrhotite I Gougey at top of unit and grades from semi-massive pyrite into semi-massive net-textured pyrrhotite with lesser pyrite blebs. Strongly chloritic and sericitic with abundant quartz. Possible pyrrhotite-quartz vein. « Chl 3*»«Ser 2*»«Sil 2*» « flg» « Semi-massive Py 25%» « Net-texured, blebby Po 30-40%»«blebby Py 5%»«Tr Cp» lct 25 > Monzonite I Monzonite I I Grey-green medium-grained equigranular unit with weak to moderate sericite, I zones of weak chlorite, patchy epidote, common calcite stringers, veinlets and I veins. Pyrite is disseminated, hosted in veinlets and fractures, rarely in I veins. Trace pyrrhotite. Xenolith fragments common. Gougey and brecciated zones I also hosted. Rare zones of bleaching I I « Ser 1-2*»«Sil 2*» I I « Chl 1-2*»«dis, VT+VN Py 2-3%» I « Cc+/-Py str 1% 1-4mm» I I I Py VN 35 5mm > I /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 3 of 12

178 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm I Py VN mm > I I « dis, VT-hosted Py %» I I « Ge 1*»Found along fractures I I « Blc 1*» I I Cc+Py VN 40 15mm > I I « Cc+Py VN 40» I I « Ge 0.5*» I I « Chl 1-2*»«VT Py 3%» I « Cc Str 1% 1-6mm» I I I « dis, VT-hosted Py %» I I Cc+Py VT mm > I I Cc Vsw mm > I I « Chl 1*» I I « VT-hosted Py 1%» I I Py VT 60 5mm > I I « Cc Str 1-2% 1-3mm» I I « dis, fra+vt-hosted Py 0.5%» I I Cc+Py VN 30 1cm > I « rubbly flg» I Ser 0 4 Sil 0 4 Chl 0 4 Ep 0 4 Ge I I /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 4 of 12

179 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm « Chl 1*» I I « Sil 2-3*»«Ser 1-2*» I I « Hornfels» I « Ser 3*» I « Grey Blc 3*»«dis Py 1%» I I Cc VN 70 2cm > I I « dis, VT-hosted Py 0.5%» I I Py VN 40 6mm > I I « Hornfels»«Ser 3*»«dis euhedral, Py 1%» I I « dis, VT-hosted Py %» I % « Chl fra mm» I I I « Chl 1*» I I « Chl 55 3*» I I « blebby, dis, VT-hosted Py 1%» I I « Chl 1*» I « Chl 30 3*» « dis, VT-hosted Py %» Ser Sil Chl Ep Ge I « Tr Ep» Py VN 30 7mm > Chl+Py Ban cm > « Ep 1*» Patchy and hosted in veinlets«qz VT 1%»«Cc str 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 5 of 12

180 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample 1% 1-4mm» 30 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Qz VN 40 4cm > Felsic VN 50 5cm > « Cc Vsw 3-5%» Vuggy amd gougey in places. 90 « Blc 1*»«Ser 1*» « VT-hosted, banded Py 0.3%» Cc VT 35 4mm > Cc VN 30 7cm > « Vuggy Bre 2*» « flg» Somewhat competent flg 45 2cm > « Sil 2-3*» « deformation 2*» weak brecciation?shearing? « Ser 1-2*» « dis Py %» 1-2%« Qz VT mm» « Qz+Cc+Py+Sp VN 10 10cm»«blebby Py 5%»«blebby Sp 0.5%» « dis, VT-hosted Py %» « Ep 1*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 6 of 12

181 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Qz VN 25 4mm > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Fp 1*»«Ep 2*» 105 1% « Qz VT mm» « Ep 1*» « Fp 1*» « dis, VT-hosted Py %» Cc+Py VT mm > « Qz Str 1-2% 5-15mm» Cc+Py VN 45* 4mm > Qz+Py VN mm > Qz VN 40 5cm > Cp 0.3% > forming along periphery of quartz vein xMG VT mm > 45* 40 « Qz+Cc+Chl VN mm» 115 « dis Py %» Cc+Qz VN mm > Cc+Qz VT mm > Qz+Cc VN 10 1cm > Cc+Py+Po+Sp VN mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 7 of 12

182 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « dis, Py *%» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc+Qz VN 25 1cm > « Chl 1*» 25 « dis Py %» Cc VN cm > « Blc 1-2» « Sil 2-3*» « dis, VN-hosted Py %» « Blc 2*» « Semi-pervasive Qz 2-3*» 25 « Blc 2*» Cc+0.5%Po+1%Cp VN 25 4cm > « Ser 1-2*» 130 « Chl 1-2*» «Qz+Cc+Chl+3%Py VN 30» « Blc 1*» « Ep 1*» Cc+Ep VT mm > « Cc+Chl Str 3-5% 1-10mm» « Chl 2-3*»«dis Py 0.5-1%»«Ser 3*» « Sil 2-3*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 8 of 12

183 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « dis, VT-hosted Py 0.3%» « Cc Str 1.00% mm» « Ep 1*»«Tr Fp» Cc VN 50 8mm > Cc VN mm > Cc+Fp VN cm > « Cly 1-2*» « Sil 2-3*» Cc+Py+Ep VN mm > Qz+Fp VN 90 6mm > As+Cc VN mm > 145 « Qz VN 1% 4-8mm» Act VN 15 5mm > Chl+Cc VN cm > 20 « Blebby Po 0.5%» Locally more concentrated Qz+Cc+Po VN cm > « VT+VN-hosted Py 0.5-1%» Po+Py VN mm > Py+Chl VT 35 4mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 9 of 12

184 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm wispy Po 1% > « Chl 1*»«wispy Py 2-3%» Qz+Chl+Po VN 20 15mm > « Chl 2-3*»«VT+VN-hosted Py 2-3%» Py VN 40 8mm > « Blc 1-2*» flg 5cm > « VT-hosted Py 1%» « Vuggy Cc VN 3-5% 1-8mm» Weakly brecciated? 160 « VT-hosted Py %» « Chl 1-2*»«wispy, VT-hosted Py 3-5%» « VT-hosted Py 0.5-1%» « Qz VN 1-2% 4-10mm» « VT-hosted Py %» Qz+Fp VN 5-7mm > Fluorite? Random oreintations 165 « Blc 1*»«Tr Ser» « Sil 2-3*» « Ser 2*» « Cc Str 1-2% 1-3mm» Commonly vuggy and weathered out from /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 10 of 12

185 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Cc Str 5% 1-4mm» « dis, VT-hosted Py 0.5-1%» Most commonly associated with chloritic alteration « Chl 1*» « Cc+/-Ep Str 1-3%» « Chl 2*» Cc VN 60 2cm > « Ep 1*» 175 « Chl 2*» « Chl 1-2*» « Chl 1-2*» « Chl 2*» Focused around fractures and «Cc VT mm» « Sil 2-3*» « dis, VT-hosted Py %» 180 « Cc+1%dis Py VN 70» Cc VT mm > « Tr Ep» « Qz VN 1-2% 4-10mm» « Cc+/-Ep Str 1-2* 1-3mm» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 11 of 12

186 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Ep 1-2*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Cc+/-Ep str 3-5% 1-4mm» 15 « Cc+/-Ep Str 1-2% 1-4mm» « Ep 1*» Patchy Cc+Chl VN 15 6mm > « Blc 1*»«Chl 1*»«Cc VT 3-4%» Cc+Qz+Ep VN 40 15mm > Qz VN mm > « Qz VT mm»«Qz str 1-2%» Cc+Chl VN 10 12mm > « Qz+Ep Vsw mm» Bre Qz VN cm > Pervasive and engulfs monzonite. 60 « Qz Ban mm» Cc VN 30 8cm > Cc VN 65 4mm > Qz Ban mm > Qz VN mm > xCc VT mm > EOH 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 12 of 12

187 DRILL LOG Project: Hole Location: Logged by: Drilled by: Assayed by: Fran FR T. Branson Ridgelin ALS Chemex m North m East Core Size: NQ Date Started: Date Completed: 2011/01/ /01/18 Dip Tests By: Reflex Collar Elevation (m): Azimuth (º): Dip (º): Length (m): Horizontal Projection: Vertical Projection: Objective To extend the Bullion Alley Zone mineralization previously intersected in drillhole FR to the southeast of FR Summary Log: m Casing m Monzonite - medium-grained, equigranular, strong oxidation, silica, moderate sericite, variable epidote, minor fault gouge zones, 0.5-1% disseminated, veinlet pyrite m Fault Zone- fine-grained hosting hornblende phenocrysts, strong chlorite, sericite, 1% disseminated, veinlet pyrite m Monzonite - medium-grained, equigranular, strong silica, moderate sericite, variable epidote, chlorite, zones of brecciation, minor pyrite m Fault - fine-grained, laminated, monzonitic composition, calcareous, sericitic with 45 cm of fault gouge at 55 to core axis m Monzonite - medium-grained, equigranular, moderate silica, variable sericite, chlorite, 0.5-3% disseminated, veinlet pyrite m Hornfels - fine-grained, strong silica, variable biotite, bleaching, chlorite, 0.5-3% blebby, veinlet pyrite, variable 2-3% veinlet pyrrhotite m Monzonite - medium-grained, equigranular, moderate silica, sericite, variable chlorite, 3-5% veinlet pyrite, 0.5% disseminated pyrrhotite m Hornfels - fine-grained, strong silica, variable k-feldspar, bleaching, 0.5-3% veinlet pyrite, 0.5% disseminated pyrrhotite m Fault - poor-recovery, clay-rich fault gouge with chloritic pyrite zone at 35 to core axis m Monzonite - medium-grained, equigranular, variable silica, sericite, brecciated, chloritic and pervasively silicified zones hosted, 1-3% disseminated, veinlet pyrite, local 0.5% pyrrhotite m Hornfels - fine-grained, variably bleached, k-feldspar, sericite, chlorite, 1-2% disseminated, \ veinlet pyrite, 0.5% disseminated, wispy pyrrhotite m Monzonite - medium-grained, equigranular, moderate to strong silica, moderate sericite, variable chlorite, 0.5-1% veinlet pyrite, minor pyrrhotite

188 DRILL LOG Project: Hole ID: Fran FR Downhole surveys: Depth Dip Azimuth Hole ID: FR

189 CASING CASING CASING CASING CASING CASING CASING CASING CASING Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Casing Casing Monzonite I Monzonite I I Grey to green medium-grained equigranular unit with strong oxidation along I fractures and veinlets at the top of the unit. Strong silicification and I moderate sericite through most of the unit. Weak epidote is patchy and most I commonly hosted in veinlets and stringers. Pyrite is disseminated and hosted in I veinlets and along fractures, when not compeltely weathered out. Gouge found I in places I « Ge 3*»«He 1-2*» I I I « Ge 2-1*»«He 1*» I I « Sil 2-3*» I I « Patchy Ep 1*»«Ser 1-2*»«dis, fra+vt-hosted Py 0.5-1%» I Very commonly broken I I flg 45 2cm > I I « Qz-rich flg» I Cc VN 25 5cm > I Cc VN mm > « Cc Str 1-2% 1-3mm» « Vuggy Cc Str 2-3% 3-5mm» Cc VN 30 2cm > Weathered Cc+Py VT mm > /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 1 of 17

190 35 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Chl+Ep VN 35 2cm > 30 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Bre 1*» « Blc 2-3*»«agg Py 5%»«Chl 1*»«Cc Str 3% 3-5mm» lct 60 > Fault I Fault Zone Black to light grey fine-grained unit with with hornblende phenocrysts and strong chlorite and sericite alteration throughout. Calcite veining and stringers very common. Pyrite is disseminated, forms in blebbys and is hosted in veinlets. «Ser 2-3*»«Chl 3*»«Cc Str 2-3% 2-8mm»«dis, VT-hosted Py 1%» Lower contact grades back into monzonite Monzonite I Monzonite I I Grey to grey-green medium-grained equigranular unit with strong silicification I and moderate sericite through most of the unit. Weak epidote is patchy and I most commonly hosted in veinlets and stringers. Pyrite is disseminated and I hosted in veinlets and along fractures. A zone of strong chlorite and I alteration is hosted at the upper contact with disseminated and veinlet-hosted I pyrite. Brecciated in places. Xenolithic clasts common I « Chl 2-3*»«Ser 2-3*»«Cc Str 1-2%»«dis, VT-hosted Py I I I %»«Cc 1*» I I Bre Cc VN 30 2cm > I I Cc VN mm > I I « Blc 3*» I /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 2 of 17

191 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm I « Blc 1*» I I Cc VT 65 5mm > I I « Sil 2-3*» I « Ser 2*»«Sil 2-3*»«dis, VT-hosted Py 0.3%» I I I « Patchy, VT-hosted Ep» I I Qz VN 60 1cm > I Ser 0 4 Sil I Cc VN 35 5mm > I I « Qz/Cc+/-Ep VT 1-2% 1-8mm» I Chl 0 4 Ep 0 4 Ge Cc+/-Ep VN 70 8mm > 25 « Cc Str 3-5% 1-10mm» « Bre 2*»«dis Py 1%» 50 « Ser 1-2*» « dis, VT-hosted Py 0.3%» « Sil 1-2*» Cc VN 35 8mm > « Cc Str 1-2% 1-4mm» Creating a fine breccia/stockwork in places Qz+Cc VN cm > Broken 55 « Sil 3*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 3 of 17

192 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Ser 1*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc+Chl VN 35 1cm > Qz VN 30 7mm > « Rubbly flg» « fra+vt-hosted Py 1-2%» More mafics? Darker in appearance than typical monzonite, but still equigranular. Chloritoid alteration? « Cc Str 1% 1-5mm» Qz VN 55 3cm > « VT-hosted Py %»«Ge 1*» Cc VN 35 12mm > 40 « dis, fra+vt-hosted Py 1-2%» Same darker appearance as above Py VT mm > Cc VN 35 4mm > « dis, VT-hosted Py %»«Cc/Qz str 5% 1-4mm» Zones of darker composition, generally with weak sericite and more mafic minerals Cc VN mm > and in opposing orientation Cc VN mm > Cc VN 40 1cm > « Tr Chl»«dis, VT-hosted Py 1%» unit is dark grey and lacks unaltered felsic minerals. Minor 3-5% hornblende phenocrysts. 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 4 of 17

193 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Cc Str 1-2% 1-3mm» 55 Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « VT+VN Py 3%» « Chl 2*» Ls 55 > « dis, VT-hosted Py %» Cc+/-Py VT 30 4mm > « Bre 1*» « Blc 1*»Darker composition with weak bleaching of mafics «wispy agg, VT-hosted Py 5%»«fra-hosted As %»«VT-hosted Cp 0.1%»«Cc Str 2-3% 1-6mm» Weakly brecciated in places Bre flg 50 5cm > « Cly 2-3*»«Bre flg» Competent in places. Poor recovery.«dis Py %» Bottom of gouge is at 30 deg tca 80 « Ser 1-2*» « VT-hosted Py %» « %blebby VN-hosted Py mm»«Chl 1*» « Tr Ep»«Cc Str 0.5% 1-6mm» « Cc Vsw 5% 5-10mm» 45 « Chl 1*»«Cc Str 1-2% 1-3mm» Cc VT mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 5 of 17

194 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Gougey Bre 1-2*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « MD»«Cc 1*»«dis, VT-hosted Py 1%»«Chl 2*» Ls 45 > « Ser 1*»«Tr Ep»«Cc Str 1-2% 1-3mm»«dis Py %» Cc+Fp+Ep VN cm > Slightly mottled lct 50 > Fault I Laminated Fault Zone I Grey fine-grained laminated unit composed mostly of monzonite, and is calcareous, sericitic and has weak bleaching. Weakly brecciated appearance from calcite vein clasts entrained in laminations. «Ser 2*»«Blc 1*»«Cc 1-2*»«Blebby, dis Py 0.5%» « flg» Lam 55 > « Sil 1-2*» Lam 45 > lct 40 > Monzonite I Monzonite I I Grey-green medium-grained equigranular unit with moderate silicification, weak I to moderate sericite and common calcite veinlets and stringers. Pyrite is I rarely disseminated and hosted in veinlets. Unit begins with continued I lamination of fault above but gradually grades into typical monzonite by I /04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 6 of 17

195 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm m. Gougey in places and hosts a short interval of faulting similar to above I Strongly chloritic zones with increased mineralization also hosted I I « Ser 1-2*» I I « Lam 40-30»«dis Py 1%» I « dis, fra-hosted Py %» I Ser Sil Chl Ep Ge I Cc Vsw 1-2% 1-3mm > « Sil 2*»«Cc Str 1% 1-4mm» Cc VN 30 1cm > flg 50 5cm > 30 « Fault Lam 50» «Ser 2*»«dis Py 1-2%» « Bre 2*» « dis, fra+vt-hosted Py 2-3%» « Ser 1-2*» 100 « Chl 1-2*» « Blc 1*»«Bre 1*»«Cc Str 2-3% 1-5mm» Blebby Py 5% > « Bre Lam 45» Qz VN 45 2cm > « flg» « Ser 1*» 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 7 of 17

196 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Cc+Py VN 40 1cm > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Cc Bre 1-2*» Strongly fractured and has brecciated appearance 45 « Cc Str 2-3% 1-5mm» Cc+5%Py+Chl VN 15 3cm > 105 « Bre 2*» Hosts silicified hornfels clasts, up to 4x8cm « Clay Bre *»25deg at top of interval, 50 at bottom. Angular silicified clasts hosted in clay matrix Fault Lam 50 6cm > « Ser 1*» « Cc Str 1% 1-3mm» « blebby, dis, fra+vt-hosted Py 3-5%» « Hornfels»«Bre 1-2*»«Sil 2*» « flg» Poor recovery « Chl 1*» « Semi-massive Py 20-25%»«Chl 3*» 110 « Semi-massive Po 15%» Blebby consolidated mass of mineralization with strong chlorite alteration. Lower contact grades from massive sulphides to silicified hornfelsic monzonite. 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 8 of 17

197 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm I Hornfels I Hornfels I I Grey to pink fine-grained unit with strong silicification, patchy I biotite/feldspar alteration and bleaching. Gougey and brecciated in one I interval. Pyrite is hosted in fractures and veinlets, commonly blebby, rarely I disseminated. Pyrrhotite is commonly disseminated and forms small blebs I Several intervals of monzonite hosted I I « Blebby, fra+vn-hosted Py 2-3%» I I « Chl 2*» I Py+Chl VN 35 1cm > I « Sil 2-3*»«fra 3-4%»«Blc 1*» I I Py Bleb cm > Large bleb of pyrite within a vein of pyrite « Fp 1*» « Gougey Bre 3*»«blebby Py %» « dis Po 0.5-1%»«fra+VT-hosted Py 1-2%»«Sil 2-3*» « Ser 1*»«Blc 2*»«VT-hosted Po 2-3%» Narrow band at 15 deg tca « Blc 1*» « Fp 2*» « Monzonite»«Ser 1*» Monzonite 6cm > 120 « Monzonite 10» 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 9 of 17

198 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Blc 1*»«Fp 1*» « Monzonite 10» « Blc 1*»«Fp 1*»«Ser 1*» « Vuggy Cc VN 1-2% 4-8mm» « Monzonite 20» « Monzonite 15»«dis Po 1-2%» « Blc 1*»«Fp 2*» lct 50 > Monzonite I Monzonite I I Dark grey-green medium-grained equigranular unit with moderate silicification I and sericite alteration, weak to moderate chlorite alteration, common calcite I stringers and veinlets, often weathered out creating vugs. Pyrite is very I commonly hosted in veinlets, and rarely forms large blebs I «Sil 2*»«Ser 2*»«Chl 1-2*»«VT-hosted Py 3-5%»«Cc+/-Py Str 1-3% 1-8mm» « dis Po 0.5%» Py VN mm > Py+Cc VN mm > Bleb Py 1-5cm > « Blc 1*» Lower contact is gradational /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 10 of 17

199 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Au ppb Ag As Cu Zn ppm ppm ppm ppm Hornfels I Hornfels I I Grey fine-grained unit with strong silicification, patchy feldspar alteration I and bleaching, several zones of monzonite. Pyrite is hosted in veinlets and I along fractures, most commonly in monzonite zones. Pyrrhotite is very finely disseminated throughout most of the unit, except in the monzonite zones. Calcite veinlets and stringers somewhat common. Ser 0 4 Sil 0 4 Chl 0 4 Ep 0 4 Ge 0 4 « Ser 1*» « Fp 2*»«Sil 2-3*»«dis Po 0.5%»«fra+VT-hosted Py 0.5%» Lam 15 > « Monzonite»«VT-hosted Py 2-3%» « Chl 1*»«Sil 3*»«Fp 2*»«dis Po 0.5%» « Monzonite»«VT-hosted Py 2-3%» « Sil 3*»«dis Po 0.5%»«Fp 1-2*»«Blc 1-2*» «fra+vt-hosted Py 1-2%» Pervasively altered monzonite hosted 135 « Chl 1*» Rubbly towards fault and lower contact is indistinct Fault I Fault Zone Black, clay rich fault gouge with poor recovery. Zone ends with chloritic pyrite zone. « flg» « Str Py 5-10%»«Chl 3*»«Ser 2-3*» 2011/04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 11 of 17

200 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample lct 35 > Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Monzonite I Monzonite I I Grey medium-grained equigranular unit with weak to strong silicification, weak I to moderate sericite, and common calcite stringers and veinlets. Several I breccia zones, chloritic zones and prevasively silicified zones hosted. Pyrite I is very commonly hosted in veinlets and along fractures, especially towards the I top of the unit, less so towards bottom of unit. Pyrrhotite not found I throughout most of unit, but gnerally typically forming in monzonite with less I mafic grains. It is disseminated and forms small blebs when present I I « Ser 2*»«Sil 1-2*»«fra+VT-hosted Py 2-3%» I I « Chl 1*» I I « Chl 2*»«wispy, VT-hosted Py 3-5%» I I Py+Chl VT mm > Broken immediately after for 5 cm I I Cc+Py VT mm > I I « Cc+Qz Bre 2*» I I « Bre 1*» Poor competence of rock I Chl+Cc+Py VT mm > I I I « Cc Bre 3*»«blebby Py 1-2%» Lower contact of brecciation I at 30 deg tca I « Ser 2*» I I I « fra+vt-hosted Py 1-2%»«Cc Str 1% 1-8mm»«Sil 2-3*» I I Cc+Py VN mm > I /04/26 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 12 of 17

201 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Chl 1*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Cc+Py VT 20 5mm > « Bre 1*» Vuggy from weathered-out calcite 150 « dis, VT-hosted Py %» « Bre 1*»«Cc Str 2-3% 1-10mm» « Cc Bre 3*» «Ser 1*»«Cly 2-3*» « dis Py %» « Pervaisve Sil 4*»«Blc 2-3*» « Ser 2*»«Sil 2*» « Bre 3*» Cc+Py VN mm > « Blebby, VT-hosted Py 1-2%» « Sil 2-3*» « Cc Str 2-3% 1-5mm» « Ser 1-2*»«dis, fra+vt-hosted Py 2-3%» Commonly stringer pyrite, in places almost like stockwork. « wispy, dis Po 0.5%» Less mafics than typical monzonite, appears from pervasive alteration. « Cc Str 1-2%» « Tr dis Cp»«dis, blebby Po %» Cc+Py VN mm > 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 13 of 17

202 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Bre 1*» Broken with «Cly 1*» « Hornfels»«Fp 1*» Cc+Py VN 20 5mm > « Qz Ban 35» Pale green in colour « Blc 1*» flg 40 2cm > « Blc 2*»«Cly 1*»«dis, blebby Py 1%» Cc+Py+Po+As VN cm > « Chl 2*» « fra+vt-hosted Py 1-2%»«dis Po 0.5-1%»«Ser 2*» « Chl 2*» Cc+Py+Sp VN cm > « Ser 1-2*»«fra+VT-hosted Py 1-2%» « Chl 1*» Cc+Py+Po+Sp VN 40 3cm > Blebby Py 5% 1cm > Cc+8%Py VN 35 5cm > « Cc+/-Py Str 1-2% 1-6mm» Lower contact grades into hornfels below with no sharp distinction 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 14 of 17

203 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm Hornfels I Hornfels I I Grey to pink fine-grained unit with patchy bleaching, feldspar and sericite I alteration throughout, less commonly chlorite alteration, Pyrite is finely I disseminated in places and is hosted in fractures and veinlets throughout I Pyrrhotite is disseminated in places and rarely forms thin wisps. Minor zones I of monzonite hosted in thin bands and patches I I « Sil 3*» I I « Ser 1*»«Blc 1-2*»«Fp 1-2*»«dis, fra+vt-hosted Py I %» I « dis, wispy Po 0.5%» I « Cc+Py VN 5 1cm» « Monzonite 60» « Vuggy Cc VN 1-2% 3-5mm» Monzonite cm > « dis Po %» « Monzonite 50» 40 « Chl 1*» Cc+Py VN mm > Lam 35 > Qz VN 40 1cm > « Chl 1*» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 15 of 17

204 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample « Monzonite» Engulfed by hornfels alteration. 185 « Chl 1*» Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « Bre 1*» « Bre flg 1*» Poor recovery Cc+Chl+Py VN cm > « Sil 3*»«Vuggy Cc VN 3% 5-8mm» lct 60 > General orientation, thin stringers of monzonite finger into hornfels Monzonite I Monzonite I I Grey-green medium-grained equigranular unit with moderate to strong I silicification, moderate sericite, zones of chlorite alteration and common I calite stringers and veinlets. Epidote alteration is found towards bottom of I unit. Pyrite is hosted along fractures and in veinlets, rarely forming short I massive bands I I « Ser 1*» I I « Sil 2-3*»«fra+VT-hosted Py 0.5-1%»«dis Po %» I « Chl 2*» I « dis,fra+vt+vn-hosted Py 2-3%» Py+Cc VN 55 15mm > « Chl 2-3*» % Massive Py 60 3cm > « Bre Cc VN 45» 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 16 of 17

205 40 Project: Fran Hole Number: FR From To Rocktype Description From To Width Sample Ser Sil Chl Ep Ge Au ppb Ag As Cu Zn ppm ppm ppm ppm « fra, VT-hosted Py 0.5-1%»«Sil 2*» « Chl 2*»«VT-hosted Py 1-2%» Cc VN cm > « dis, fra+vt-hosted Py 0.5-1%»«Sil 2-3*» 45 « Ep 1*» Cc VN 40 12mm > Cc+Ep VN 45 2cm > « Chl 2-3*»«dis, VT-hosted Py 2-3%» Cc+Py VN 50 8mm > 50 « VT-hosted Py %» EOH 2011/04/25 Equity Exploration Consultants Ltd. * depth component not to scale * samples with duplicate ranges or blank values are QA/QC samples Page 17 of 17

206 Appendix D: Assay Certificates

207 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 1 Finalized Date: 28-DEC-2010 Account: EIAKHT CERTIFICATE TR Project: KHT10-01 P.O. No.: KHT10-01_1 This report is for 78 Drill Core samples submitted to our lab in Terrace, BC, Canada on 18-DEC The following have access to data associated with this certificate: ROBIN BLACK JEAN-PHILIPPE DESROCHERS EQUITY ENGINEERING GENERAL DAVID MATOUSEK ALS CODE WEI-21 LOG-22 CRU-QC CRU-31 SPL-21 PUL-31 LOG-22d SPL-21d PUL-31d LOG-24 SAMPLE PREPARATION DESCRIPTION Received Sample Weight Sample login - Rcd w/o BarCode Crushing QC Test Fine crushing - 70% <2mm Split sample - riffle splitter Pulverize split to 85% <75 um Sample login - Rcd w/o BarCode dup Split sample - duplicate Pulverize Split - duplicate Pulp Login - Rcd w/o Barcode ANALYTICAL PROCEDURES ALS CODE DESCRIPTION INSTRUMENT Au-AA23 Au 30g FA-AA finish AAS Au-GRA21 Au 30g FA-GRAV finish WST-SIM ME-ICP41 35 Element Aqua Regia ICP-AES ICP-AES To: EQUITY EXPLORATION CONSULTANTS LTD. ATTN: ROBIN BLACK SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature: Colin Ramshaw, Vancouver Laboratory Manager

208 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - A Total # Pages: 3 (A - C) Finalized Date: 28-DEC-2010 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J <10 40 <0.5 <2 8.5 < J <10 20 < < J < < J < < J < < < < J < < < < J < < < < J < < < J < < < < J < < < J <0.005 < <2 <10 10 <0.5 < <0.5 <1 1 <1 J < < < J < < < < J < < <0.5 < < J < < J < <0.5 < J < < J < < < < J < < J < < < < J < < < < J < < < < J < < < < J < < < J < < < J < < < J < < J < < < J <10 60 <0.5 < < J < < < < J <0.005 < <2 <10 10 <0.5 < <0.5 <1 1 3 J < < <0.5 < < J < <0.5 < < J < <2 < < < J <0.005 < < < J >10000 <10 40 < J <0.005 < <10 80 <0.5 < < J < < < < J < < < < J <

209 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - B Total # Pages: 3 (A - C) Finalized Date: 28-DEC-2010 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J <10 < < J <10 < < < J < < J <10 < < < J < < < J < < < J < < < < J < < < J < < < J < < < < J <10 < < < <1 190 <2 <0.01 <2 <1 J <10 < < < J < < <1 980 < J < < < < J < < < J < J < < J < < < < J < < J < < < J < < J <10 < < J <10 < < < <2 4 J < < J < < < J < < < < <2 4 J < J < < <2 7 J <10 < J < < <2 3 J <10 < < < <2 <0.01 <2 <1 J <10 < < <2 2 J <10 < < <2 2 J < < < <2 3 J < < < <2 2 J <10 < < <2 3 J < < <2 2 J < < <2 2 J < < <2 3 J < <2 3

210 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - C Total # Pages: 3 (A - C) Finalized Date: 28-DEC-2010 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR J <20 <0.01 <10 <10 45 <10 36 J <20 <0.01 <10 <10 25 <10 32 J < <10 < <10 72 J <20 <0.01 <10 <10 69 <10 74 J <20 <0.01 <10 <10 21 <10 30 J < <10 < <10 48 J < <10 <10 45 <10 27 J < <10 <10 42 < J < <10 < <10 67 J < <10 <10 37 <10 30 J <20 <0.01 <10 <10 <1 <10 19 J < <10 <10 23 <10 59 J < <10 <10 47 <10 27 J < <10 <10 42 <10 27 J < <10 <10 45 <10 34 J < <10 < J < <10 <10 41 <10 27 J < <10 <10 38 <10 22 J < <10 <10 29 <10 28 J < <10 <10 30 <10 24 J < <10 <10 28 <10 24 J <20 <0.01 <10 <10 12 <10 25 J < <10 <10 24 <10 28 J < <10 <10 25 <10 65 J < <10 <10 36 <10 28 J < <10 <10 48 <10 24 J < <10 <10 31 <10 37 J < <10 <10 91 <10 34 J < <10 <10 23 <10 47 J < <10 <10 93 <10 30 J <20 <0.01 < <10 18 J < <10 <10 45 <10 16 J < <10 <10 36 <10 16 J < <10 <10 74 <10 20 J < <10 <10 80 <10 21 J < <10 <10 22 < J < <10 <10 72 <10 18 J < <10 <10 97 <10 21 J < <10 <10 97 <10 22 J < <10 <10 98 <10 29

211 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - A Total # Pages: 3 (A - C) Finalized Date: 28-DEC-2010 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J < <2 < < < J < < < J < < J < < < J <10 90 <0.5 < < J < < J < < < < J < < J <10 40 < < J < < < < J <0.005 < <10 50 <0.5 < < J < < < J < < < < J < < J < < < J < <0.5 < J < <2 < < < J < <2 < < < J <0.005 < < < < J < J < < < J < < < < J <10 80 <0.5 < < J < < J < <2 < < < J < <2 < < < J <2 < < < J < <2 < < < J <0.005 < <2 <10 70 <0.5 < < J < < < < J < <2 <10 20 <0.5 < <0.5 1 <1 1 J < < < < J < <10 60 <0.5 < < J < < <0.5 < < J < <10 80 <0.5 < < J >10000 <10 50 < J < <10 70 <0.5 < < J < <0.5 < <

212 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - B Total # Pages: 3 (A - C) Finalized Date: 28-DEC-2010 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J < < <2 4 J < <2 5 J < < <2 6 J <10 < J < <2 6 J < < <2 7 J < < <2 8 J < < J <10 < J < < < <2 9 J < < < <2 <0.01 <2 <1 J < < <2 5 J < < < <2 5 J J < < < <2 3 J J < < < <2 4 J < < < <2 3 J < < <2 7 J < J < < <2 4 J < < <2 4 J < < J < < J < <2 3 J < < < <2 2 J < < <2 3 J < < < <2 3 J < < < <2 2 J < < < <2 2 J <10 < < <1 <0.01 < <0.01 <2 <1 J < < < <2 2 J < < < <2 2 J < < < < <2 2 J <10 < < < <2 2 J <10 < < J < < <2 2 J < < < <2 2

213 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - C Total # Pages: 3 (A - C) Finalized Date: 28-DEC-2010 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR J < <10 < <10 24 J < <10 <10 78 <10 27 J < <10 < <10 33 J < <10 <10 44 < J < <10 < <10 36 J < <10 < <10 31 J < <10 < <10 31 J < <10 <10 90 <10 48 J <20 <0.01 <10 <10 25 <10 28 J < <10 <10 92 <10 41 J < < <10 18 J < <10 < <10 60 J < <10 < <10 31 J < <10 < <10 44 J < <10 < <10 33 J < <10 < J < <10 < <10 36 J < <10 < <10 29 J < <10 < <10 37 J < <10 < J < <10 < <10 30 J < <10 < <10 32 J < <10 < <10 45 J < <10 < <10 58 J < <10 < <10 24 J < <10 <10 49 <10 17 J < <10 <10 54 <10 20 J < <10 <10 50 <10 18 J < <10 <10 51 <10 21 J < <10 <10 49 <10 20 J <20 <0.01 <10 <10 <1 <10 19 J < <10 <10 46 <10 21 J < <10 <10 47 <10 16 J < <10 <10 52 <10 20 J < <10 <10 49 <10 19 J < <10 <10 21 < J < <10 <10 53 <10 18 J < <10 <10 49 <10 19

214 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 1 Finalized Date: 10-JAN-2011 Account: EIAKHT CERTIFICATE TR Project: KHT10-01 P.O. No.: KHT10-01_2 This report is for 124 Drill Core samples submitted to our lab in Terrace, BC, Canada on 24-DEC The following have access to data associated with this certificate: ROBIN BLACK THOMAS BRANSON JEAN-PHILIPPE DESROCHERS EQUITY ENGINEERING GENERAL DAVID MATOUSEK ALS CODE WEI-21 LOG-22 CRU-QC PUL-QC CRU-31 SPL-21 PUL-31 LOG-22d SPL-21d PUL-31d LOG-24 SAMPLE PREPARATION DESCRIPTION Received Sample Weight Sample login - Rcd w/o BarCode Crushing QC Test Pulverizing QC Test Fine crushing - 70% <2mm Split sample - riffle splitter Pulverize split to 85% <75 um Sample login - Rcd w/o BarCode dup Split sample - duplicate Pulverize Split - duplicate Pulp Login - Rcd w/o Barcode ANALYTICAL PROCEDURES ALS CODE DESCRIPTION INSTRUMENT Au-AA23 Au 30g FA-AA finish AAS Au-GRA21 Au 30g FA-GRAV finish WST-SIM ME-ICP41 35 Element Aqua Regia ICP-AES ICP-AES ME-OG46 Ore Grade Elements - AquaRegia ICP-AES Zn-OG46 Ore Grade Zn - Aqua Regia VARIABLE To: EQUITY EXPLORATION CONSULTANTS LTD. ATTN: ROBIN BLACK SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature: Colin Ramshaw, Vancouver Laboratory Manager

215 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - A Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J <0.005 < <0.5 < < J < < < J < < < J < < < < J < < < < J <0.005 < < < J < < < < J < < < J < < < J < < < < J < <10 90 <0.5 < < J < <10 70 <0.5 < < J <0.005 < <2 <10 10 <0.5 < < J < <0.5 < < J < <0.5 < < J < <10 30 <0.5 < < J < < < J < <0.5 < J < <0.5 < < J < <10 50 <0.5 < < J < <10 70 <0.5 < < J < < < < J <10 40 < < J <10 40 <0.5 < < J <10 40 < < J < <10 50 <0.5 < < J <10 30 <0.5 < < J < < < J < < < < J < < < J < < < J <0.005 < < < J <0.005 < <2 <10 10 <0.5 < <0.5 1 <1 2 J < < < J < <2 <10 20 <0.5 < < J < < < J <10 50 < < J >10000 <10 40 < J < < < J <0.005 < < <

216 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - B Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J < < <2 3 J < <2 4 J < <2 5 J < < <2 7 J < < <2 4 J < <2 6 J < <2 8 J < J < < < J < J < < < J < <2 6 J <10 < < <1 <0.01 <1 180 <2 <0.01 <2 <1 J < <2 10 J < < J < J < J J < J < <2 6 J < < <2 5 J < <2 10 J < <2 10 J < <2 10 J < J < <2 6 J < J < < <2 10 J < <2 8 J < <2 5 J < <2 4 J < <2 5 J <10 < < <1 <0.01 <1 180 <2 <0.01 <2 <1 J < < <2 7 J < < < <2 8 J <10 < J <10 < < J <10 < < J < < < <2 7 J < < <2 4

217 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - C Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR J < <10 <10 67 <10 18 J < <10 <10 79 <10 24 J < <10 <10 75 <10 36 J < <10 < <10 49 J < <10 < <10 31 J < <10 < <10 39 J < <10 < <10 37 J < <10 < <10 33 J < <10 <10 81 <10 46 J < <10 <10 87 <10 58 J < <10 <10 91 <10 64 J < <10 <10 90 <10 34 J <20 <0.01 <10 <10 <1 <10 16 J < <10 < <10 88 J < <10 <10 82 <10 68 J < <10 <10 99 <10 45 J < <10 <10 90 <10 38 J < <10 < J < <10 < <10 34 J < <10 <10 95 <10 29 J < <10 < <10 25 J < <10 < <10 41 J < <10 < <10 38 J < <10 < <10 34 J < <10 < <10 42 J < <10 < <10 31 J < <10 <10 61 <10 38 J < <10 <10 73 <10 44 J < <10 < <10 37 J < <10 <10 86 <10 24 J < <10 < <10 31 J < <10 < <10 33 J <20 <0.01 <10 <10 <1 <10 15 J < <10 < <10 53 J < <10 < <10 51 J <20 <0.01 <10 <10 51 <10 37 J <20 <0.01 <10 <10 40 <10 58 J < <10 <10 20 < J < <10 < <10 43 J < <10 < <10 35

218 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - A Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J <0.005 < < < J < < < J <10 70 < < J < <0.5 < < J <0.005 < < < < J <0.005 < < < < J < < < < J < <10 50 <0.5 < < J < <0.5 < < J <0.005 < <10 80 <0.5 < < J <0.005 < <2 <10 50 <0.5 < < J < <0.5 < J <0.005 < <2 <10 20 <0.5 < <0.5 1 <1 1 J < < < < J <0.005 < < < < J <0.5 < < J <0.005 < <2 <10 50 <0.5 < < J < <0.5 < J <10 70 <0.5 < J <0.005 < < < < J <0.005 < <2 <10 60 <0.5 < < J <0.005 < <10 50 <0.5 < < J <0.005 < <10 40 <0.5 < < J <0.02 <0.005 < <2 <10 40 <0.5 < < J <0.005 < <0.5 < < J < <0.5 < < J <0.005 < <0.5 < < J <0.005 < < <0.5 < < J <10 60 < < J < <10 60 <0.5 < < J < <2 <10 60 <0.5 < < J < <2 <10 50 < < J < <2 <10 10 < < J < <0.5 < < J <10 50 <0.5 < < J < <2 <10 50 <0.5 < < J < <10 90 <0.5 < < J >10000 <10 40 < J < <10 90 <0.5 < < J <10 50 <0.5 < <

219 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - B Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J < < < <2 2 J < < J < <2 4 J < < < <2 2 J < <2 3 J < < <2 3 J < < < <2 5 J < < <2 4 J < < < <2 3 J < < <2 2 J < < < <2 1 J < < < <2 5 J <10 < < <1 <0.01 <1 150 <2 <0.01 <2 <1 J < < < <2 2 J < < < <2 1 J < < <2 1 J < < <2 2 J J < < <2 2 J < < <2 1 J < < < <2 1 J < < < <2 1 J <10 < < <2 1 J <10 < < <2 2 J < < < <2 3 J < < <2 2 J < < < <2 2 J < < < <2 2 J <2 4 J < < <2 1 J < < <2 2 J < < <2 2 J <10 < < < < <0.01 <2 <1 J <10 < < < <2 2 J < < < J <10 < < < <2 2 J < < < <2 3 J <10 < < J <10 < < < <2 3 J < < <2 3

220 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - C Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR J < <10 <10 98 <10 28 J < <10 <10 71 <10 28 J < <10 < J < <10 <10 69 <10 24 J < <10 < <10 23 J < <10 <10 83 <10 24 J < <10 <10 85 <10 25 J < <10 < <10 35 J < <10 < <10 35 J < <10 < <10 20 J < <10 <10 88 <10 26 J < <10 < < J <20 <0.01 <10 <10 <1 <10 15 J < <10 < <10 33 J < <10 <10 96 <10 23 J < <10 <10 74 <10 24 J < <10 <10 85 <10 27 J < <10 < J < <10 < < J < <10 <10 64 <10 17 J < <10 <10 76 <10 19 J < <10 <10 64 <10 22 J < <10 <10 67 <10 19 J < <10 <10 69 <10 19 J < <10 <10 77 <10 26 J < <10 <10 83 <10 25 J < <10 <10 71 <10 26 J < <10 <10 78 <10 31 J < <10 < J < <10 <10 93 <10 33 J < <10 <10 87 <10 30 J < <10 <10 88 <10 29 J <20 <0.01 <10 <10 <1 <10 15 J < <10 <10 98 <10 24 J < <10 < <10 33 J < <10 <10 92 <10 23 J < <10 <10 83 <10 27 J < <10 <10 21 < J < <10 <10 95 <10 24 J < <10 <10 84 <10 30

221 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - A Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J < <10 70 <0.5 < < J <10 70 <0.5 < < J <0.5 < < J <10 20 < J <10 30 < J <10 50 <0.5 < J <10 40 <0.5 < J <10 60 <0.5 < < J < < < J < < < J < < J < < < J < <2 <10 10 <0.5 < <0.5 2 <1 8 J < J < J < J < < J < <0.5 < J < < J < < < J < < J < < < J <10 30 < <0.5 6 <1 104 J < < <0.5 6 <1 87 J < J < < < < J < < < < J < < < < J < < < J < < J <0.005 < < < < J <0.005 < < < < J <0.005 < <2 <10 20 <0.5 < <0.5 2 <1 1 J < < < J < < < < J < < < < J < < < < J >10000 <10 40 < J < < <0.5 < < J < < < <

222 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - B Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J < < < <2 2 J <10 < < J < < <2 5 J < > J <2 7 J < < <2 7 J <2 8 J < <2 6 J < <2 3 J < < < <2 2 J < <2 2 J <2 7 J <10 <1 <0.01 < < < <0.01 <2 <1 J < <2 7 J < <2 8 J < <2 7 J < <2 5 J J <2 6 J < < <2 4 J <2 5 J <10 < J <10 < < < J <10 < < < J < < J < J < < J J <10 < < J < < J < < J < < <2 14 J <10 < < <1 <0.01 <1 170 <2 <0.01 <2 <1 J < J < < <2 14 J < < J < < <2 12 J <10 < < J J <

223 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - C Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR J < <10 <10 91 <10 31 J < <10 <10 32 <10 28 J < <10 < <10 56 J < <10 < <10 > J < <10 < < J < <10 < < J < <10 < < J < <10 < < J < <10 < <10 24 J < <10 <10 65 <10 37 J < <10 <10 69 <10 39 J < <10 < <10 61 J <20 <0.01 <10 <10 <1 <10 19 J < <10 < <10 52 J < <10 < <10 49 J < <10 < <10 44 J < <10 < <10 37 J < <10 < J < <10 < <10 38 J < <10 < <10 32 J < <10 <10 86 <10 42 J <20 <0.01 <10 <10 60 <10 61 J <20 <0.01 <10 <10 13 <10 30 J <20 <0.01 <10 <10 14 <10 32 J < <10 <10 29 <10 36 J < <10 <10 56 <10 56 J < <10 < <10 73 J < <10 < <10 75 J < <10 < <10 66 J < <10 < < J < <10 < <10 70 J < <10 < <10 77 J <20 <0.01 <10 <10 <1 <10 14 J < <10 < <10 93 J < <10 < <10 89 J < <10 < < J < <10 < <10 81 J < <10 <10 21 < J < <10 < <10 54 J < <10 < <10 41

224 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - A Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J < < < J < < <0.5 < < J < < <0.5 < < J < < < <

225 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - B Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J < < J < < < <2 10 J < < <2 10 J < < <2 18

226 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - C Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR J < <10 < <10 79 J < <10 < <10 73 J < <10 < <10 79 J < <10 < <10 77

227 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 1 Finalized Date: 10-JAN-2011 Account: EIAKHT CERTIFICATE TR Project: KHT10-01 P.O. No.: KHT10-01_2 This report is for 124 Drill Core samples submitted to our lab in Terrace, BC, Canada on 24-DEC The following have access to data associated with this certificate: ROBIN BLACK THOMAS BRANSON JEAN-PHILIPPE DESROCHERS EQUITY ENGINEERING GENERAL DAVID MATOUSEK ALS CODE WEI-21 LOG-22 PUL-QC CRU-31 SPL-21 PUL-31 LOG-22d SPL-21d PUL-31d LOG-24 SAMPLE PREPARATION DESCRIPTION Received Sample Weight Sample login - Rcd w/o BarCode Pulverizing QC Test Fine crushing - 70% <2mm Split sample - riffle splitter Pulverize split to 85% <75 um Sample login - Rcd w/o BarCode dup Split sample - duplicate Pulverize Split - duplicate Pulp Login - Rcd w/o Barcode ANALYTICAL PROCEDURES ALS CODE DESCRIPTION INSTRUMENT Au-AA23 Au 30g FA-AA finish AAS Au-GRA21 Au 30g FA-GRAV finish WST-SIM ME-ICP41 35 Element Aqua Regia ICP-AES ICP-AES To: EQUITY EXPLORATION CONSULTANTS LTD. ATTN: ROBIN BLACK SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature: Colin Ramshaw, Vancouver Laboratory Manager

228 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - A Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J < < < J < < < J < < < J < < < J < < <0.5 < < J <2 < < < J <0.005 < < <0.5 < < J < < <0.5 < < J < <2 <10 30 <0.5 < <0.5 2 <1 1 J < <2 <10 70 <0.5 < < J <0.005 < <2 < <0.5 < < J <0.005 < < <0.5 < < J < < < J < <0.5 < J <0.5 < < J < <10 70 <0.5 < < J < < < J < < J < < <1 22 J < < < <1 20 J < < < J < < J < < J < < J < < J < < J < < J < < < J < <2 <10 10 <0.5 < < J < < < J <10 50 <0.5 <2 9.8 < J < < < J < J >10000 <10 40 < J < < < J < < < J < < J < < < J < < J < <

229 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - B Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J < < J < < J < < J < < J < < J < < <2 7 J < < <2 5 J <10 < < J <10 < < <0.01 <1 150 <2 < <1 J <10 < < <2 1 J < < < <2 4 J < < < J < < < <2 13 J J < <2 6 J < <2 10 J <10 < < J < < <2 3 J <10 < <2 7 J <10 < <2 7 J <10 < <2 6 J <10 < <2 6 J <10 < <2 6 J <10 < J < <2 4 J < <2 4 J <10 < <2 7 J < <2 7 J <10 < < < <0.01 <2 <1 J <10 < <2 10 J <10 < J <10 < <2 9 J < J <10 < < J < <2 8 J < <2 11 J < <2 10 J < <2 4 J < <2 5 J < <2 5

230 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - C Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR J < <10 < <10 52 J < <10 < <10 73 J < <10 < <10 94 J < <10 < <10 89 J < <10 < <10 67 J < <10 < <10 38 J < <10 < <10 35 J < <10 <10 81 <10 19 J <20 <0.01 <10 <10 <1 <10 17 J < <10 <10 58 <10 12 J < <10 < <10 31 J < <10 < <10 55 J < <10 < <10 60 J < <10 < J < <10 <10 83 <10 38 J < <10 <10 77 <10 71 J <20 <0.01 <10 <10 27 <10 44 J < <10 <10 72 <10 23 J <20 <0.01 <10 <10 35 <10 35 J <20 <0.01 <10 <10 35 <10 37 J < <10 <10 71 <10 34 J <20 <0.01 <10 <10 37 <10 31 J <20 <0.01 <10 <10 41 <10 33 J <20 <0.01 <10 <10 41 <10 47 J < <10 <10 86 <10 31 J < <10 < <10 36 J < <10 <10 79 <10 46 J < <10 < <10 47 J <20 <0.01 <10 <10 1 <10 15 J < <10 <10 89 <10 50 J <20 <0.01 <10 <10 28 <10 41 J <20 <0.01 <10 <10 43 <10 47 J <20 <0.01 <10 <10 73 <10 47 J < <10 <10 21 < J < <10 <10 92 <10 41 J < <10 <10 90 <10 46 J < <10 <10 92 <10 41 J < <10 < <10 37 J < <10 < <10 41 J < <10 < <10 38

231 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - A Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J < < J <2 7.6 < J < J < <0.5 < < J <0.5 < < J <0.5 < < J <2 < < < J < < < < J < <2 <10 20 <0.5 < <0.5 2 <1 1 J < < < J < <0.5 < < J < < J < < J <0.5 < J < J <0.5 < < J < < J < < J < < < J < < < J < <0.5 < < J <0.5 < < J <0.5 < < J < < < J < <0.5 < < J < < < J <0.5 < < J <0.005 < < <0.5 < < J <0.005 < <10 30 <0.5 < <0.5 1 <1 1 J < < J < < < J < < J < < < < J >10000 <10 40 < J < < < J < < < < J < < J < < J < < J < < <

232 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - B Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J <10 < <2 10 J <10 < J < J < <2 3 J < <2 6 J <2 3 J < <2 2 J < <2 2 J <10 < < < <0.01 <2 <1 J < <2 2 J < <2 3 J < <2 2 J <2 5 J J <2 5 J < < < <2 2 J < < <2 2 J < < <2 6 J < > J <10 < > J < < <2 7 J < < <2 2 J < < <2 2 J < < <2 2 J < < <2 1 J < < <2 2 J <2 5 J < < < <2 3 J <10 < < < < <0.01 <2 <1 J < <2 2 J < < <2 1 J < < < <2 2 J < <2 11 J <10 < < <2 3 J < <2 13 J <2 15 J <10 < J <10 < < J <10 < J < <2 8

233 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - C Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR J <20 <0.01 <10 <10 96 <10 53 J < <10 <10 71 <10 50 J < <10 < <10 47 J < <10 < <10 38 J < <10 < <10 44 J < <10 < <10 34 J < <10 < <10 35 J < <10 < <10 34 J <20 <0.01 <10 <10 1 <10 16 J < <10 < <10 27 J < <10 < <10 29 J < <10 < <10 37 J < <10 < <10 33 J < <10 < J < <10 < <10 32 J < <10 < <10 27 J < <10 < <10 29 J < <10 < <10 29 J < <10 < J < <10 <10 39 <10 41 J < <10 <10 73 <10 28 J < <10 < <10 22 J < <10 <10 83 <10 17 J < <10 < <10 24 J < <10 < <10 20 J < <10 < <10 20 J < <10 < <10 26 J < <10 < <10 22 J <20 <0.01 <10 <10 <1 <10 16 J < <10 < <10 17 J < <10 <10 93 <10 15 J < <10 < <10 16 J < <10 < < J < <10 <10 21 < J < <10 < < J < <10 < <10 70 J < <10 <10 87 <10 67 J <20 <0.01 <10 <10 33 < J <20 <0.01 <10 <10 70 <10 87 J < <10 <10 89 <10 41

234 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - A Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J < < J < < J < J < <0.5 < < J < < < J <10 60 < < J < < J < < < J <0.005 < <10 10 <0.5 < <0.5 <1 1 <1 J < < J < < < J < < J < < < J < <0.5 < J <0.005 < <2 < < < J <0.005 < < < < J < < < J < < < J J <0.02 > J < < < J < < < J < < < J < < < J < <0.5 < < J < < < J <10 50 < J < <10 90 <0.5 < < J <0.005 < <10 10 <0.5 < <0.5 <1 1 2 J < < < < J < <0.5 < < J < < < J < <2 < < < J >10000 <10 40 < J <0.005 < <0.5 < < J <0.005 < < < < J < < J < < < J < < < J < < < <

235 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - B Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J < < <2 8 J < < <2 14 J <10 < J < <2 12 J < <2 16 J < < <2 8 J < <2 5 J < < < J < < <1 <0.01 < <0.01 <2 <1 J < < J < J < < <2 3 J < < < J J < < <2 3 J < J < < J < < J <10 < J <10 < J < <1 < J < < < J < < J < < J < < <2 6 J < J < J < < <2 4 J <10 < < <1 < <0.01 <2 <1 J < < < <2 3 J < < < J < < J < < < J <10 < < J < < < <2 2 J < < <2 2 J < < J < < <2 4 J < < < <2 4 J < < < <2 4

236 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - C Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR J < <10 < <10 43 J < <10 < <10 64 J < <10 < <10 76 J < <10 < <10 61 J < <10 < <10 83 J < <10 < <10 42 J < <10 < <10 38 J < <10 < <10 46 J <20 <0.01 < <10 16 J < <10 <10 98 <10 36 J < <10 < <10 30 J < <10 < <10 31 J < <10 < <10 32 J < <10 < J < <10 < <10 33 J < <10 < <10 28 J < <10 < <10 36 J < <10 < <10 36 J < <10 < J < <10 < J <20 <0.01 <10 <10 32 <10 34 J < <10 < <10 37 J < <10 < <10 46 J < <10 < <10 49 J < <10 < <10 46 J < <10 < <10 38 J < <10 < J < <10 < <10 32 J <20 <0.01 < <10 18 J < <10 < <10 35 J < <10 < J < <10 < <10 35 J < <10 < <10 37 J < <10 <10 21 < J < <10 < <10 30 J < <10 <10 68 <10 16 J < <10 <10 61 <10 52 J < <10 < <10 25 J < <10 < <10 22 J < <10 < <10 26

237 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - A Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J < J < < <0.5 < < J < < J < <0.5 < <

238 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - B Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J < < J < <2 4 J < < < J < < <2 4

239 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - C Total # Pages: 5 (A - C) Finalized Date: 10-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR J < <10 <10 50 < J < <10 <10 99 <10 26 J < <10 < <10 35 J < <10 < <10 36

240 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 1 Finalized Date: 24-JAN-2011 Account: EIAKHT CERTIFICATE TR Project: KHT10-01 P.O. No.: KHT10-01_3 This report is for 132 Drill Core samples submitted to our lab in Terrace, BC, Canada on 15-JAN The following have access to data associated with this certificate: ROBIN BLACK JEAN-PHILIPPE DESROCHERS EQUITY ENGINEERING GENERAL DAVID MATOUSEK ALS CODE WEI-21 LOG-22 CRU-QC PUL-QC CRU-31 SPL-21 PUL-31 LOG-22d SPL-21d PUL-31d LOG-24 SAMPLE PREPARATION DESCRIPTION Received Sample Weight Sample login - Rcd w/o BarCode Crushing QC Test Pulverizing QC Test Fine crushing - 70% <2mm Split sample - riffle splitter Pulverize split to 85% <75 um Sample login - Rcd w/o BarCode dup Split sample - duplicate Pulverize Split - duplicate Pulp Login - Rcd w/o Barcode ANALYTICAL PROCEDURES ALS CODE DESCRIPTION INSTRUMENT Au-AA23 Au 30g FA-AA finish AAS Au-GRA21 Au 30g FA-GRAV finish WST-SIM ME-ICP41 35 Element Aqua Regia ICP-AES ICP-AES To: EQUITY EXPLORATION CONSULTANTS LTD. ATTN: JEAN-PHILIPPE DESROCHERS SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature: Colin Ramshaw, Vancouver Laboratory Manager

241 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - A Total # Pages: 5 (A - C) Finalized Date: 24-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J < <10 50 <0.5 < < J < <2 < <0.5 < < J < <2 <10 40 <0.5 < J < < < J <0.005 < <2 <10 <10 <0.5 < <1 1 J < < J < < < J < < J < < < J < <0.5 < J < < < < J < <0.5 < < J < <2 <10 70 <0.5 < < J <0.005 < <2 <10 70 <0.5 < J <0.005 < <2 <10 60 <0.5 < J <0.005 < <2 <10 70 <0.5 < J <0.005 < <2 <10 70 <0.5 < < J <0.005 < <2 <10 60 <0.5 < J < <10 30 <0.5 < < J < <10 60 <0.5 < < J < <2 <10 60 <0.5 < J < <2 <10 90 <0.5 < < J < <2 <10 70 <0.5 < < J < <2 <10 60 <0.5 < < J <0.005 < <2 <10 10 <0.5 < <0.5 1 <1 2 J < <2 <10 70 <0.5 < < J < <10 50 <0.5 < < J < <2 <10 30 <0.5 < < J < <2 <10 60 <0.5 < < J >10000 <10 40 < J < < < < J < < < < J < <2 <10 50 <0.5 < < J < <0.5 < < J < < <0.5 < < J < <0.5 < < J < <0.5 < < J < <2 <10 40 <0.5 < < J < < <0.5 < < J < < <0.5 < <

242 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - B Total # Pages: 5 (A - C) Finalized Date: 24-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J <10 < < <2 3 J <10 < < < <2 2 J <10 < < < <2 5 J <10 < < <2 7 J <10 < < < <2 <0.01 <2 <1 J <10 < < < <2 7 J <10 < < J <10 < < J <10 < <2 11 J <10 < J <10 < < <2 8 J < < <2 2 J <10 < < < <2 1 J < < < <2 1 J <10 < < < <2 1 J <10 < < < <2 1 J <10 < < <2 1 J <10 < < < <2 1 J < < <2 3 J < < < <2 3 J <10 < < < <2 1 J <10 < < <2 1 J < < < J < < < <2 1 J < < < <1 160 <2 <0.01 <2 <1 J < < < <2 2 J < < < J < <2 1 J < < <2 2 J <10 < < J <10 < < <2 2 J < < < J < < < <2 3 J < < < <2 2 J < < < <2 3 J < < < <2 2 J < < <2 2 J <10 < < < <2 1 J <10 < < <2 2 J < < <2 1

243 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - C Total # Pages: 5 (A - C) Finalized Date: 24-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR J < <10 < <10 28 J < <10 <10 64 <10 25 J < <10 <10 81 <10 34 J < <10 <10 58 <10 35 J <20 <0.01 <10 <10 2 <10 18 J <20 <0.01 <10 <10 60 <10 35 J < <10 <10 57 <10 41 J < <10 < <10 50 J <20 <0.01 <10 <10 75 <10 45 J < <10 < J < <10 < <10 27 J < <10 < <10 16 J < <10 < <10 15 J < <10 < <10 16 J < <10 < <10 14 J < <10 < <10 14 J < <10 < <10 17 J < <10 < <10 16 J < <10 < <10 20 J < <10 < <10 21 J < <10 < <10 18 J < <10 < <10 21 J < <10 < <10 15 J < <10 < <10 17 J <20 <0.01 <10 <10 4 <10 14 J < <10 < <10 17 J < <10 <10 86 <10 19 J < <10 <10 72 <10 13 J < <10 < <10 17 J < <10 <10 20 < J < <10 < <10 22 J < <10 < <10 18 J < <10 < <10 18 J < <10 < <10 16 J < <10 < <10 17 J < <10 <10 84 <10 17 J < <10 <10 70 <10 14 J < <10 <10 60 <10 12 J < <10 <10 59 <10 13 J < <10 <10 65 <10 15

244 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - A Total # Pages: 5 (A - C) Finalized Date: 24-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J < <0.5 < < J < <2 <10 40 <0.5 < < J < <2 <10 60 <0.5 < < J < <10 60 <0.5 < < J <0.005 < <10 10 <0.5 < <0.5 1 <1 2 J < < <0.5 < < J < <2 <10 30 <0.5 < < J < <2 <10 30 <0.5 < < J <0.005 < <2 <10 80 <0.5 < < J < <0.5 < J < < < < J < < <0.5 < < J < <2 <10 70 <0.5 < < J < <2 <10 70 <0.5 < < J < <2 <10 70 <0.5 < < J658381D < < <2 <10 70 <0.5 < < J < < < J < < < < J < < < J <2 <10 50 <0.5 < J < <2 <10 30 <0.5 < < J < <2 <10 40 <0.5 < < J < <10 80 <0.5 < < J < <2 <10 50 <0.5 < J < <2 <10 10 <0.5 < J < < J < < < J < <0.5 < J < < <0.5 < J >10000 <10 30 < J < < <0.5 < < J < <10 70 <0.5 < J < <0.5 < J < < <0.5 < J < < <0.5 < J < <2 < <0.5 < < J < <2 < <0.5 < J < <0.5 < J < < <0.5 < < J < < <0.5 <

245 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - B Total # Pages: 5 (A - C) Finalized Date: 24-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J < < <2 2 J < <2 2 J <10 < < < <2 1 J <10 < < < <2 1 J <10 < < < <1 160 <2 <0.01 <2 <1 J < < < < <2 2 J < < <2 8 J < < < <2 11 J < < J < J < < < <2 3 J < <2 2 J < < <2 2 J < < < <2 2 J < < < < <2 2 J658381D < < < < <2 2 J <10 < < <2 2 J <10 < <2 7 J < < <2 3 J <10 < < <2 3 J <10 < <2 1 J <10 < <2 3 J <10 < < <2 4 J < < <2 2 J <10 < < < <2 <0.01 <2 <1 J <10 < <2 4 J <10 < <2 4 J <10 < <2 6 J < < <2 6 J <10 < J <10 < < < <2 4 J < < <2 8 J <10 < < < <2 9 J < < <2 10 J < <2 10 J < < <2 10 J < < J < <2 14 J < < < < <2 11 J < < < < <2 7

246 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - C Total # Pages: 5 (A - C) Finalized Date: 24-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR J < <10 <10 75 <10 16 J < <10 <10 74 <10 19 J < <10 <10 54 <10 12 J < <10 <10 58 <10 12 J <20 <0.01 <10 <10 3 <10 16 J < <10 <10 83 <10 16 J < <10 <10 37 <10 22 J < <10 <10 37 <10 26 J < <10 <10 36 <10 39 J < <10 < J < <10 <10 76 <10 20 J < <10 <10 73 <10 14 J < <10 <10 76 <10 12 J < <10 <10 75 <10 12 J < <10 <10 74 <10 13 J658381D 116 < <10 <10 72 <10 13 J < <10 <10 67 <10 14 J <20 <0.01 <10 <10 24 <10 26 J < <10 <10 79 <10 18 J < <10 <10 85 <10 26 J < <10 <10 60 <10 13 J < <10 < <10 24 J < <10 <10 82 <10 25 J < <10 <10 78 <10 14 J <20 <0.01 <10 <10 3 <10 16 J < <10 <10 58 <10 24 J < <10 <10 61 <10 22 J < <10 <10 95 <10 23 J < <10 < <10 34 J < <10 <10 21 < J < <10 <10 41 <10 19 J < <10 <10 94 <10 40 J < <10 < <10 63 J < <10 < <10 74 J < <10 < <10 74 J < < <10 74 J < <10 < <10 73 J < <10 < <10 89 J < <10 < <10 69 J < <10 < <10 50

247 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - A Total # Pages: 5 (A - C) Finalized Date: 24-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J < < <0.5 < < J < < < J < < < J < < < J <0.005 < <2 <10 <10 <0.5 < <1 1 J < <10 60 <0.5 < J < <10 50 <0.5 < J < <10 30 <0.5 < J < < < J < <0.5 < J < < J < < < < J < J < < J <10 30 <0.5 < J <10 30 <0.5 < J < <10 60 <0.5 < < J < < J <0.005 < < < J < J <0.005 < < J < < < < J <10 40 <0.5 < J <10 90 <0.5 < J <0.005 < <10 <10 <0.5 < J < <10 80 <0.5 < J < < < J <0.005 < < < J <0.5 < < J >10000 <10 30 < J <10 70 <0.5 < J < < < J < < < < J < < < < J <0.005 < < <0.5 < < J <2 < < < J < < < J < < < J <10 20 < < <1 521 J < <

248 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - B Total # Pages: 5 (A - C) Finalized Date: 24-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J <10 < <2 5 J <10 < < < J < < J <10 < <2 11 J <10 < < <1 < <0.01 <2 <1 J < <2 8 J <10 < < <2 6 J <10 < < <2 5 J < J < J <10 < J < < <2 7 J < <2 6 J <2 4 J <10 < J <10 < J <10 < < <2 2 J < <2 2 J < < < <2 2 J < < <2 2 J < < <2 2 J <10 < < < <2 7 J <10 < J <10 < < J <10 < < <1 < <2 <0.01 <2 <1 J <10 < < J < < < <2 3 J < < <2 3 J < <2 3 J <10 < J < < <2 3 J <10 < < J < < < <2 3 J < < <2 3 J < < < <2 4 J < < <2 3 J < < J <10 < J <10 < > J <10 < <2 3

249 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - C Total # Pages: 5 (A - C) Finalized Date: 24-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR J < <10 <10 93 <10 30 J < <10 <10 53 <10 31 J < <10 < <10 58 J < <10 < <10 43 J <20 <0.01 <10 <10 3 <10 17 J < <10 <10 94 <10 33 J < <10 <10 50 <10 31 J < <10 <10 40 <10 33 J <20 <0.01 <10 <10 34 <10 67 J < <10 < J < <10 <10 49 <10 66 J < <10 <10 77 <10 65 J < <10 <10 68 <10 45 J < <10 < <10 30 J < <10 <10 22 <10 52 J <20 <0.01 <10 <10 21 <10 55 J <20 <0.01 <10 <10 21 <10 21 J < <10 <10 35 <10 20 J < <10 <10 36 <10 22 J < <10 <10 41 <10 22 J < <10 <10 35 <10 21 J < <10 <10 63 <10 41 J <20 <0.01 <10 <10 22 <10 33 J <20 <0.01 <10 <10 7 <10 22 J <20 <0.01 <10 <10 2 <10 15 J < <10 <10 14 <10 24 J < <10 <10 49 <10 27 J < <10 <10 48 <10 26 J < <10 <10 46 <10 23 J < <10 <10 20 < J < <10 <10 47 <10 22 J < <10 <10 25 <10 28 J < <10 <10 46 <10 26 J < <10 <10 50 <10 30 J < <10 <10 45 <10 24 J < <10 <10 42 <10 26 J < <10 <10 43 <10 20 J <20 <0.01 <10 <10 9 <10 21 J <20 <0.01 <10 <10 7 <10 60 J <20 <0.01 <10 <10 11 <10 33

250 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - A Total # Pages: 5 (A - C) Finalized Date: 24-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J < <10 90 <0.5 < < J < <10 40 <0.5 < J < <0.5 < J < < < J <0.005 < <2 <10 <10 <0.5 < <1 1 J < < < < J < <2 < < < J < < < J < J < <0.5 < J < <2 < < < J < <2 < < <

251 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - B Total # Pages: 5 (A - C) Finalized Date: 24-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J <10 < J <10 < < J <10 < J < <2 3 J <10 < < <1 < <2 <0.01 <2 <1 J < <2 3 J < J < < <2 2 J < <2 3 J J < < <2 2 J < <2 2

252 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - C Total # Pages: 5 (A - C) Finalized Date: 24-JAN-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR J <20 <0.01 <10 <10 17 <10 25 J <20 <0.01 <10 <10 11 <10 17 J < <10 <10 22 <10 36 J < <10 <10 46 <10 23 J <20 <0.01 <10 <10 3 <10 18 J < <10 <10 50 <10 25 J < <10 <10 44 <10 22 J < <10 <10 41 <10 23 J < <10 <10 45 <10 24 J < <10 < J < <10 <10 37 <10 22 J < <10 <10 37 <10 20

253 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 1 Finalized Date: 8-FEB-2011 Account: EIAKHT CERTIFICATE TR Project: KHT10-01 P.O. No.: KHT10-01_4 This report is for 182 Drill Core samples submitted to our lab in Terrace, BC, Canada on 26-JAN The following have access to data associated with this certificate: ROBIN BLACK THOMAS BRANSON JEAN-PHILIPPE DESROCHERS EQUITY ENGINEERING GENERAL DAVID MATOUSEK ALS CODE WEI-21 LOG-22 CRU-QC PUL-QC CRU-31 SPL-21 PUL-31 LOG-22d SPL-21d PUL-31d LOG-24 SAMPLE PREPARATION DESCRIPTION Received Sample Weight Sample login - Rcd w/o BarCode Crushing QC Test Pulverizing QC Test Fine crushing - 70% <2mm Split sample - riffle splitter Pulverize split to 85% <75 um Sample login - Rcd w/o BarCode dup Split sample - duplicate Pulverize Split - duplicate Pulp Login - Rcd w/o Barcode ANALYTICAL PROCEDURES ALS CODE DESCRIPTION INSTRUMENT Au-AA23 Au 30g FA-AA finish AAS Au-GRA21 Au 30g FA-GRAV finish WST-SIM ME-ICP41 35 Element Aqua Regia ICP-AES ICP-AES To: EQUITY EXPLORATION CONSULTANTS LTD. ATTN: ROBIN BLACK SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature: Colin Ramshaw, Vancouver Laboratory Manager

254 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - A Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm I < <10 30 <0.5 < < I < <10 40 <0.5 < < I < <10 40 <0.5 < < I <0.005 < <10 80 <0.5 < < I < <2 <10 30 <0.5 < < I <0.005 < <2 <10 40 <0.5 < < I <0.005 < < <0.5 < < I < <2 <10 60 <0.5 < < I < <0.5 < < I <0.005 < <2 <10 10 <0.5 < <0.5 <1 1 2 I < <10 40 <0.5 < < I < <2 <10 30 <0.5 < < I <0.5 < < I < < < < I >10000 <10 40 < I < <10 40 < < I < <0.5 < < I < < < I < <0.5 < < I < < < I <0.005 < <2 <10 50 <0.5 < < I < <2 <10 30 <0.5 < < I <10 30 <0.5 < < I < I < <2 < < I < <2 < < I < <2 < < < I < < < < I <10 30 <0.5 < < I <0.005 < <2 <10 10 <0.5 < < I < < < < I < < < I < <2 < < < I < < < < I < < I < < < < I <10 30 <0.5 <2 8.0 < I <10 30 <0.5 < < I < <10 30 <0.5 < < I < < < <

255 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - B Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm I < < <2 11 I <2 15 I < < <2 12 I <2 10 I < < <2 5 I < <2 4 I < <2 6 I < <2 5 I < <2 5 I <10 1 <0.01 <10 <0.01 <5 <1 <0.01 <1 10 < <2 <1 I < < <2 10 I <2 4 I <2 5 I <2 6 I <10 < <2 3 I < < <2 6 I < < <2 4 I <2 4 I < <2 8 I < <2 6 I <10 < <2 6 I < <2 9 I <10 < <2 9 I <2 9 I <2 6 I <2 8 I < < <2 6 I < <2 8 I <10 < <2 6 I <10 <1 <0.01 <10 < <1 <0.01 <1 10 < <2 <1 I < <2 5 I <2 6 I < <2 6 I < < <2 5 I I <2 8 I <10 < <2 4 I <10 < < <2 3 I <10 < <2 2 I < < <2 2

256 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - C Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR I < <10 <10 94 <10 37 I < <10 <10 97 <10 35 I < <10 < <10 38 I < <10 < <10 38 I < <10 <10 60 <10 19 I < <10 <10 64 <10 20 I < <10 <10 82 <10 20 I < <10 <10 69 <10 25 I < <10 <10 85 <10 23 I <20 <0.01 <10 <10 1 <10 3 I < <10 < <10 25 I < <10 <10 78 <10 20 I < <10 < <10 52 I < <10 < I < <10 <10 22 < I < <10 < I < <10 <10 95 <10 24 I < <10 < <10 26 I < <10 <10 96 <10 31 I < <10 <10 94 <10 25 I < <10 < <10 23 I < <10 < <10 26 I < <10 < <10 27 I < < <10 38 I < <10 < <10 27 I < <10 < <10 35 I < <10 < <10 28 I < <10 < <10 27 I < < <10 23 I <1 <20 <0.01 <10 <10 2 <10 2 I < <10 < <10 29 I < <10 < <10 26 I < <10 < <10 25 I < <10 < <10 22 I < <10 < I < <10 < <10 31 I < <10 <10 58 <10 19 I < <10 <10 78 <10 17 I < <10 <10 55 <10 13 I < <10 <10 47 <10 16

257 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - A Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm I <0.02 < <10 30 <0.5 < < I <0.005 < <10 30 <0.5 < < I < < < < I <0.005 < <10 40 <0.5 < < I <10 40 <0.5 < < I <0.005 < < < < I <0.005 < < < < I <0.005 < <10 30 <0.5 < < I <0.005 < < < < I <0.005 < <2 <10 10 <0.5 < <0.5 <1 <1 1 I < <10 30 <0.5 < < I < < < < I < I <10 30 <0.5 < I >10000 <10 40 < I < <10 60 <0.5 < < I < I <10 20 <0.5 < < I < <0.5 < < I < <0.5 < < I <0.5 < < I <0.5 < < I <10 20 <0.5 < < I < <10 20 <0.5 < < I <10 40 <0.5 < < I < <10 30 <0.5 < < I < <10 30 <0.5 < < I <10 60 <0.5 < < I <10 40 <0.5 < < I <0.005 < <2 <10 10 <0.5 < <0.5 <1 <1 1 I <10 30 <0.5 < < I <10 40 <0.5 < < I <10 40 < < I <10 50 <0.5 < < I < <0.5 < I < <10 40 <0.5 < < I < <2 <10 40 <0.5 < < I < < < I < <0.5 < < I < < <

258 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - B Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm I < < <2 2 I < < < <2 2 I < <2 4 I < <2 3 I < <2 2 I < <2 2 I < <2 3 I <10 < <2 2 I <10 < <2 3 I <10 1 <0.01 <10 <0.01 <5 <1 <0.01 <1 10 < <2 <1 I < < <2 2 I < <2 3 I < <2 2 I <10 < <2 4 I <10 < <2 3 I <10 < <2 2 I <10 < <2 3 I < <2 3 I <2 2 I <10 < <2 3 I <10 < <2 3 I < <2 4 I < < <2 3 I < <2 3 I <2 3 I < <2 6 I <10 < <2 4 I < <2 3 I < <2 7 I <10 <1 <0.01 <10 <0.01 <5 <1 < <2 <0.01 <2 <1 I < < I < < I <10 < < I <10 < < I I <10 < < <2 2 I <10 < < <2 2 I < I <10 < < I < <

259 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - C Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR I < <10 <10 45 <10 15 I < <10 <10 39 <10 12 I < <10 <10 69 <10 19 I < <10 <10 65 <10 20 I < <10 <10 54 <10 17 I < <10 <10 47 <10 21 I < <10 <10 92 <10 21 I < <10 < <10 18 I < <10 <10 68 <10 18 I <20 <0.01 <10 <10 <1 <10 3 I < <10 <10 47 <10 15 I < <10 <10 44 <10 17 I < <10 < I < <10 <10 74 < I < <10 <10 21 < I < <10 <10 63 <10 18 I < <10 <10 54 < I < <10 <10 73 <10 29 I < <10 <10 54 <10 15 I < <10 <10 87 <10 15 I < <10 <10 86 <10 12 I < <10 <10 89 <10 17 I < <10 <10 73 <10 18 I < <10 <10 76 <10 20 I < <10 <10 73 <10 21 I < <10 <10 99 <10 36 I < <10 <10 82 <10 26 I < <10 < <10 20 I < <10 < <10 26 I <20 <0.01 <10 <10 <1 <10 2 I < <10 < <10 20 I < <10 <10 86 <10 20 I < <10 <10 57 <10 48 I < <10 <10 40 <10 15 I < <10 < I < <10 <10 60 <10 20 I < <10 <10 67 <10 25 I < <10 <10 56 <10 17 I <20 <0.01 <10 <10 19 <10 16 I < <10 <10 77 <10 20

260 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - A Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm I < <2 < < < I <10 60 <0.5 < < I < <2 <10 70 <0.5 < < I <2 <10 40 <0.5 < < I < <10 40 <0.5 < < I < <2 <10 60 <0.5 < < I < <2 < < < I < < < < I <2 <10 50 <0.5 < < I <2 <10 60 <0.5 < < I >10000 <10 40 < I < <10 40 <0.5 < < I < <10 40 <0.5 < < I <0.005 < < <0.5 < < I <10 40 <0.5 < < I < <2 <10 50 <0.5 < < I <10 80 <0.5 < I <10 50 <0.5 < < I < < <0.5 < < I < <2 < <0.5 < < I < <0.5 < < I <10 60 <0.5 < < I < <2 <10 20 <0.5 < < I <0.005 < < <0.5 < < I <0.005 < <10 80 <0.5 < < I <0.005 < <10 10 <0.5 < <0.5 <1 <1 3 I < <2 < < < I <10 50 <0.5 < < I <10 50 <0.5 < < I <0.005 < <2 < < < I < <0.5 < I < <10 60 <0.5 < < I < < < I < < < <1 101 I <0.005 < < < < I <0.005 < < < < I <0.005 < < < <0.5 9 <1 40 I < <0.5 < < <1 69 I <10 90 <0.5 < < <1 339 I < < <

261 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - B Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm I < < < I < < I <10 < < <2 3 I <10 < < <2 3 I <10 < < <2 6 I <10 < < I < < I <10 < < < <2 2 I < < < <2 5 I < < <2 6 I <10 < I < < I <10 < < <2 3 I < < I <10 < < I <10 < < <2 3 I < < <2 5 I <2 5 I < < <2 8 I < < I < < <2 11 I < < <2 9 I <10 < < <2 8 I < <2 7 I < < <2 9 I <10 < < <1 180 <2 <0.01 <2 <1 I < <2 5 I < I < <2 3 I < < <2 3 I I < < I <10 < < I <10 < < I < < <2 2 I < <2 3 I < < <2 3 I <10 < < I < < I <10 < < < <2 4

262 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - C Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR I < <10 <10 80 <10 21 I < <10 <10 68 <10 19 I < <10 <10 69 <10 17 I < <10 <10 72 <10 19 I < <10 <10 46 <10 24 I < <10 <10 51 <10 14 I < <10 <10 65 <10 20 I < <10 <10 68 <10 19 I < <10 <10 86 <10 30 I < <10 <10 86 <10 30 I < <10 <10 22 < I < <10 <10 72 <10 19 I < <10 <10 55 <10 16 I < <10 <10 60 <10 16 I < <10 <10 74 <10 24 I < <10 <10 56 <10 17 I < <10 <10 99 < I < <10 <10 96 <10 43 I < <10 <10 78 <10 43 I < <10 < <10 52 I < <10 < <10 53 I < <10 <10 99 <10 51 I < <10 <10 80 <10 37 I < <10 < <10 28 I < <10 < <10 30 I <20 <0.01 <10 <10 3 <10 18 I < <10 <10 97 <10 38 I < <10 < <10 36 I < <10 <10 81 <10 19 I < <10 <10 78 <10 17 I < <10 < I < <10 <10 97 <10 28 I < <10 <10 74 <10 23 I <20 <0.01 <10 <10 18 <10 28 I < <10 <10 70 <10 20 I < <10 <10 86 <10 24 I < <10 <10 82 <10 24 I <20 <0.01 <10 <10 19 <10 28 I <20 <0.01 <10 <10 25 <10 35 I < <10 <10 51 <10 25

263 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - A Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm I <10 70 <0.5 < < <1 187 I <10 40 < I <10 90 <0.5 < < I < < < < I <10 40 < I <0.005 < <2 <10 10 <0.5 < <0.5 <1 <1 4 I <10 20 < I <0.5 < < I <2 < <0.5 < < <1 120 I <10 70 < < I >10000 <10 40 < I <10 40 <0.5 < < I <10 60 <0.5 < < I < <0.5 < < I <10 60 <0.5 < < I <10 60 <0.5 < < I < <0.5 < < I <0.5 < < I < < < < I <10 40 <0.5 < < I <10 40 <0.5 < I <10 50 <0.5 < I <10 50 <0.5 < < I <10 30 <0.5 < I < < < I <0.005 < <2 <10 10 <0.5 < < I < <10 70 <0.5 < < I < < < < I < <2 < <0.5 < < I < < < < I < < I < <2 < < < I < < I <2 < < < I < < I < < < I < < < < I < < < I < < < I <0.005 < <2 < < <

264 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - B Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm I <10 < < < <2 4 I < < I < I <10 < < <2 3 I <10 < I <10 < < <2 < <1 I <10 < < I < <2 4 I < < <2 3 I < I <10 < I < < I < < I < < < I < < <2 6 I < I < I < I < <2 4 I < <2 5 I < I < I < <2 2 I < <2 4 I < <2 6 I <10 < < < <1 220 <2 <0.01 <2 <1 I < <2 9 I < < <2 11 I < < <2 8 I < < <2 8 I < I < < <2 7 I < >10.0 <2 6 I < < <2 5 I < I <2 5 I < <2 4 I < I <10 < < I < <2 4

265 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - C Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR I <20 <0.01 <10 <10 21 <10 64 I <20 <0.01 <10 < I < <10 <10 92 <10 80 I < <10 <10 86 <10 32 I < <10 <10 86 <10 76 I <20 <0.01 <10 <10 2 <10 19 I < <10 <10 59 < I < <10 <10 92 <10 27 I < <10 <10 81 <10 20 I < <10 < <10 32 I < <10 <10 22 < I < <10 < <10 44 I < <10 < <10 32 I < <10 < <10 34 I < <10 < <10 34 I < <10 < <10 35 I < <10 < <10 26 I < <10 < <10 31 I < <10 < <10 30 I < <10 < <10 39 I < <10 < < I < <10 < I < <10 <10 40 <10 37 I < <10 <10 70 < I < <10 < <10 53 I <20 <0.01 <10 <10 1 <10 19 I < <10 <10 74 <10 38 I < <10 <10 96 <10 50 I < <10 <10 74 <10 38 I < <10 <10 85 <10 37 I < <10 < I < <10 <10 95 <10 32 I < <10 <10 80 <10 79 I < <10 < <10 26 I < <10 <10 72 <10 21 I < <10 <10 89 <10 27 I < <10 <10 87 <10 26 I < <10 < <10 38 I <20 <0.01 <10 <10 50 <10 34 I < <10 <10 67 <10 20

266 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - A Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm I < <10 60 <0.5 < < I <10 40 <0.5 < < I <2 < < < I < < <0.5 < < I <0.005 < < <0.5 < < I <0.005 < <2 <10 10 <0.5 < < I <0.005 < <2 < < < I <0.005 < <10 90 <0.5 < < I <0.005 < <10 40 <0.5 < < I < <2 <10 50 <0.5 < < I >10000 <10 40 < I < <10 50 <0.5 < < I < < < I < <2 <10 30 <0.5 < < I < <2 <10 30 <0.5 < < I < <2 < <0.5 < < I <0.005 < <10 50 <0.5 < < I <2 <10 20 <0.5 < < I <0.005 < <2 <10 40 <0.5 < < I < <10 50 <0.5 < < I < < < < I < < < <

267 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - B Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm I < < <2 3 I < <2 4 I < <2 6 I < <2 7 I < < <2 13 I <10 < < < <1 170 <2 <0.01 <2 <1 I < <2 6 I < < <2 8 I < < <2 5 I < <2 4 I <10 < < I < <2 5 I <2 8 I < <2 4 I < <2 4 I < < < <2 9 I < < < <2 6 I < < < <2 3 I < <2 5 I < <2 5 I < <2 3 I < <2 3

268 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - C Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR I < <10 <10 53 <10 22 I < <10 <10 90 <10 36 I < <10 <10 85 <10 33 I < <10 < <10 34 I < <10 < <10 57 I <20 <0.01 <10 <10 1 <10 16 I < <10 < <10 28 I < <10 <10 97 <10 64 I < <10 <10 95 <10 34 I < <10 <10 56 <10 22 I < <10 <10 21 < I < <10 <10 80 <10 26 I < <10 < <10 28 I < <10 <10 61 <10 17 I < <10 <10 70 <10 17 I < <10 <10 94 <10 29 I < <10 <10 86 <10 29 I < <10 <10 45 <10 20 I < <10 < <10 31 I < <10 <10 88 <10 28 I < <10 <10 65 <10 21 I < <10 <10 71 <10 25

269 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 1 Finalized Date: 8-FEB-2011 Account: EIAKHT CERTIFICATE TR Project: KHT10-01 P.O. No.: KHT10-01_4 This report is for 182 Drill Core samples submitted to our lab in Terrace, BC, Canada on 26-JAN The following have access to data associated with this certificate: ROBIN BLACK THOMAS BRANSON JEAN-PHILIPPE DESROCHERS EQUITY ENGINEERING GENERAL DAVID MATOUSEK ALS CODE WEI-21 LOG-22 CRU-QC PUL-QC CRU-31 SPL-21 PUL-31 LOG-22d SPL-21d PUL-31d LOG-24 SAMPLE PREPARATION DESCRIPTION Received Sample Weight Sample login - Rcd w/o BarCode Crushing QC Test Pulverizing QC Test Fine crushing - 70% <2mm Split sample - riffle splitter Pulverize split to 85% <75 um Sample login - Rcd w/o BarCode dup Split sample - duplicate Pulverize Split - duplicate Pulp Login - Rcd w/o Barcode ANALYTICAL PROCEDURES ALS CODE DESCRIPTION INSTRUMENT Au-AA23 Au 30g FA-AA finish AAS Au-GRA21 Au 30g FA-GRAV finish WST-SIM ME-ICP41 35 Element Aqua Regia ICP-AES ICP-AES To: EQUITY EXPLORATION CONSULTANTS LTD. ATTN: ROBIN BLACK SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature: Colin Ramshaw, Vancouver Laboratory Manager

270 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - A Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm I <0.005 < < < I <0.005 < < < < I <0.005 < <2 < < < I <0.005 < <2 <10 10 <0.5 < <0.5 2 <1 1 I <0.005 < <2 < < < I < <2 < < < I <0.005 < <2 < < < I < < < I < <0.5 < I <0.005 < < < I <10 40 < < I < < < < I < < < I < < < I <0.005 < < < < I < < < < I < < < I < < < I < I < < < I < <10 40 < < I < < < I <0.005 < < < I <0.005 < <2 <10 10 < < I <0.005 < < < I <0.005 < < <0.5 < < I <0.005 < <0.5 < < I <0.005 < < I >10000 <10 40 < I <0.005 < < < I < < < < I <0.005 < <0.5 < < I <0.005 < <2 < < I < < I <0.005 < < < < I <0.005 < < < I <0.005 < < < < I <0.005 < < < < I < < <0.5 < < I <0.005 < < <0.5 < <

271 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - B Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm I I <2 9 I < <2 7 I <10 < < < < <0.01 <2 <1 I < < < I < <2 7 I < < <2 5 I < < <2 6 I I < <2 8 I < <2 6 I < < <2 7 I < < <2 6 I < < <2 7 I < < <2 7 I < <2 14 I < <2 8 I I < <2 4 I < < <2 4 I < < <2 3 I < <2 5 I < < <2 3 I <10 < < < < <0.01 <2 <1 I < < <2 4 I < < <2 4 I < <2 7 I < < <2 2 I <10 < < I <2 3 I < <2 4 I < < <2 5 I <10 < <2 4 I < < <2 6 I < < <2 6 I < < <2 5 I < < <2 6 I < <2 7 I < < <2 8 I < < <2 6

272 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - C Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR I < <10 <10 78 <10 25 I < <10 < <10 31 I < <10 < <10 30 I <20 <0.01 < <10 18 I < <10 <10 94 <10 29 I < <10 <10 69 <10 34 I < <10 < <10 23 I < <10 <10 83 <10 17 I < <10 < I < <10 < <10 23 I < <10 <10 70 <10 19 I < <10 <10 83 <10 20 I < <10 <10 93 <10 17 I < <10 <10 79 <10 20 I < <10 <10 83 <10 18 I < <10 < <10 24 I < <10 <10 70 <10 17 I < <10 <10 66 <10 25 I < <10 <10 78 <10 24 I < <10 <10 70 <10 18 I < <10 <10 69 <10 19 I < <10 <10 85 <10 22 I < <10 <10 76 <10 16 I <20 <0.01 <10 <10 1 <10 16 I < <10 <10 92 <10 17 I < <10 <10 86 <10 18 I < <10 < <10 36 I < <10 <10 59 <10 18 I < <10 <10 19 < I < <10 <10 64 <10 21 I < <10 <10 86 <10 29 I < <10 <10 75 <10 37 I < <10 <10 50 <10 15 I < <10 <10 62 <10 32 I < <10 <10 83 <10 18 I < <10 <10 75 <10 25 I < <10 <10 95 <10 29 I < <10 < <10 56 I < <10 <10 82 <10 38 I < <10 <10 55 <10 25

273 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - A Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm I <0.005 < <0.5 < < I <0.005 < <10 60 <0.5 < < I <0.005 < <2 < <0.5 < < I <0.005 < <10 20 <0.5 < < I <0.005 < <10 50 <0.5 < < I <0.005 < < < < I <0.005 < <2 < < < I <0.005 < < < I < <0.5 < I <0.005 < < < I <0.005 < < <0.5 < < I < <2 < <0.5 < < I < <2 < < < I <0.005 < <2 < <0.5 < < I <0.02 <0.005 < <2 < <0.5 < < I <0.005 < <2 < <0.5 < < I <0.005 < <2 < <0.5 < < I <0.005 < <10 80 <0.5 < < I <0.005 < < <0.5 < < I <0.005 < <0.5 < < I < <0.5 < < I < < < I <0.005 < < < < I <0.005 < <2 <10 10 <0.5 < < I < < <0.5 < < I < < < I < <2 < < < I < <0.5 < < I >10000 <10 40 < I <0.5 < < I < <2 < < < I <2 < < < I < < < < I < < < I < < I < <0.5 < < I < <0.5 < < I < <10 50 <0.5 < < I <0.005 < <0.5 < < I < <0.5 < <

274 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - B Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm I <2 7 I < < <2 7 I < < <2 9 I <10 < < <2 <0.01 <2 <1 I < <2 9 I < < <2 4 I < < <2 3 I < < <2 4 I I < <2 3 I < < <2 3 I < < <2 2 I < < <2 2 I <10 < < <2 2 I < < <2 2 I <10 < < <2 2 I < < < <2 2 I < < <2 3 I < < <2 2 I < < <2 2 I <10 < < < <2 2 I < < < <2 3 I < < <2 2 I <10 < < <0.01 <2 <1 I < < <2 2 I < < <2 4 I < < <2 4 I < < < I <10 < I < < <2 2 I < < < <2 3 I < < <2 7 I < < < <2 5 I < < < <2 4 I < < <2 6 I < < < <2 3 I < < <2 2 I < < <2 3 I < < <2 2 I < < < <2 2

275 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - C Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR I < <10 <10 83 <10 55 I < <10 <10 71 <10 28 I < <10 <10 76 <10 28 I <20 <0.01 <10 <10 2 <10 16 I < <10 <10 70 <10 27 I < <10 <10 77 <10 31 I < <10 <10 58 <10 46 I < <10 <10 66 <10 28 I < <10 < I < <10 <10 65 <10 25 I < <10 <10 62 <10 25 I < <10 <10 57 <10 19 I < <10 <10 58 <10 20 I < <10 <10 52 <10 16 I < <10 <10 52 <10 15 I < <10 <10 57 <10 17 I < <10 <10 65 <10 18 I < <10 <10 72 <10 24 I < <10 <10 48 <10 15 I < <10 <10 62 <10 20 I < <10 <10 49 <10 20 I < <10 < <10 35 I < <10 < <10 39 I < <10 <10 2 <10 23 I < <10 < <10 27 I < <10 < <10 29 I < <10 < <10 31 I < <10 < <10 24 I < <10 <10 20 < I < <10 < <10 28 I < <10 < <10 31 I < <10 < <10 32 I < <10 < <10 39 I < <10 < <10 29 I < <10 < <10 33 I < <10 < <10 24 I < <10 <10 91 <10 20 I < <10 <10 84 <10 19 I < <10 <10 84 <10 19 I < <10 <10 94 <10 24

276 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - A Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm I < <0.5 < < I < <0.5 < < I < <0.5 < < I <0.005 < <2 <10 10 <0.5 < < I < < <0.5 < < I < < I < <0.5 < < I < <0.5 < < I < <0.5 < I > < < < I <10 50 <0.5 < < I < < I <10 40 < < I <10 40 <0.5 < < I <10 40 <0.5 < < I < < < I < < < < I < < < I < <2 <10 50 <0.5 < < I < < < < I < <0.5 < < I < < < I < < < I <0.005 < <2 <10 10 <0.5 < < I < < < < I < < I < <0.5 < < I <0.005 < <0.5 < < I >10000 <10 20 < I < <0.5 < < I < <10 90 < < I < <10 40 < < I < < < I < <10 50 <0.5 < < I < I < < I < < < I < < I < < < I < <

277 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - B Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm I < < <2 3 I < < <2 2 I < < <2 2 I <10 < < < <1 150 <2 <0.01 <2 <1 I < < <2 2 I < < I < < < <2 5 I < < <2 5 I I < < > I < < < <2 5 I < < < <2 5 I < < < <2 5 I < < <2 6 I < < <2 6 I < < <2 5 I < < < <2 4 I < < < <2 3 I < < <2 2 I < < < I < < <2 4 I < < < <2 4 I < < <2 6 I <10 < < < <1 160 <2 <0.01 <2 <1 I < < <2 5 I < < I < < <2 2 I < < <2 2 I <10 < < I < < < <2 1 I < < <2 5 I < <2 3 I < < < <2 1 I < < < <2 1 I < < < <2 3 I < < <2 6 I < < < <2 6 I <2 6 I <2 5 I < < <2 4

278 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - C Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR I < <10 <10 90 <10 23 I < <10 <10 80 <10 19 I < <10 <10 87 <10 25 I <20 <0.01 <10 <10 1 <10 21 I < <10 <10 91 <10 26 I < <10 < I < <10 < <10 30 I < <10 < <10 26 I < <10 < I < <10 < I < <10 < I < <10 < <10 26 I < <10 < <10 27 I < <10 < <10 27 I < <10 <10 98 <10 29 I < <10 < <10 30 I < <10 < <10 24 I < <10 <10 98 <10 24 I < <10 <10 81 <10 18 I < <10 < <10 37 I < <10 < <10 26 I < <10 < <10 26 I < <10 < <10 30 I < <10 <10 1 <10 15 I < <10 < <10 26 I < <10 <10 96 <10 38 I < <10 < <10 29 I < <10 < <10 31 I < <10 <10 21 < I < <10 < <10 22 I < <10 < <10 25 I < <10 < <10 27 I < <10 < <10 22 I < <10 < <10 26 I < <10 < <10 26 I < <10 < <10 29 I < <10 < <10 29 I < <10 <10 96 < I < <10 <10 88 <10 86 I < <10 <10 88 <10 24

279 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - A Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm I <10 <10 < I <10 <10 <0.5 < < I <0.5 < < I < <2 <10 <10 <0.5 < <0.5 2 <1 1 I <10 30 <0.5 < < I <2 <10 20 <0.5 < < I < < I <0.5 < I < <0.5 < I < < I < < < I < < I <0.5 < < I <10 30 <0.5 < < I < < <10 20 <0.5 < < I <10 <10 < I < < I < < I < < I <0.5 < < I < <0.5 < < I <10 20 < < I < < I <0.005 < <2 <10 <10 <0.5 < <0.5 2 <1 1 I < <0.5 < < I < <10 40 <0.5 < < I < < <0.5 < < I < < <0.5 < < I >10000 <10 40 < I < <0.5 < < I < I <0.5 < < I < < < I <0.5 < < I < < < I < <0.5 < < I < <10 70 <0.5 < < I < <0.5 < < I < <0.5 < < I <10 70 <

280 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - B Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm I < < <2 4 I < < <1 940 < <2 1 I < < <2 2 I <10 <1 <0.01 < <1 <0.01 < <0.01 <2 <1 I < < < <2 1 I <10 < < < <2 1 I < < < <2 1 I < < <2 2 I I < < <2 2 I < <2 2 I <10 < < < <2 4 I < < < <2 2 I <10 < < <1 940 < <2 3 I < < < <2 3 I < < < <2 4 I < < <2 2 I < < <2 3 I < < < <2 4 I < < < <2 2 I < < < <2 2 I < < < <2 3 I < < < <2 1 I <10 < < < < <0.01 <2 <1 I < < < <2 1 I < < < <2 2 I < < < <2 2 I < < < <2 2 I <10 < < I < < < <2 2 I < < <2 3 I < < < <2 2 I < <2 2 I < < < <2 4 I < < <2 2 I < < <2 1 I < < <2 2 I < < < <2 2 I < < < <2 2 I < <2 5

281 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - C Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR I < <10 <10 56 < I < <10 <10 48 <10 15 I < <10 <10 83 <10 26 I <20 <0.01 <10 <10 1 <10 16 I < <10 <10 76 <10 24 I < <10 <10 69 <10 18 I < <10 <10 68 <10 26 I < <10 <10 68 < I < <10 < I < <10 <10 66 <10 21 I < <10 <10 64 <10 25 I < <10 <10 33 <10 23 I < <10 <10 58 <10 17 I < <10 <10 34 <10 15 I < <10 <10 34 <10 15 I < <10 < I < <10 <10 71 <10 24 I < <10 <10 70 <10 25 I < <10 <10 44 <10 33 I < <10 <10 66 <10 18 I < <10 <10 76 <10 21 I < <10 <10 56 <10 16 I < <10 <10 66 <10 20 I <20 <0.01 <10 <10 1 <10 15 I < <10 <10 62 <10 18 I < <10 <10 72 <10 16 I < <10 <10 70 <10 16 I < <10 <10 67 <10 14 I < <10 <10 20 < I < <10 <10 61 <10 15 I < <10 <10 63 < I < <10 <10 68 <10 25 I < <10 <10 65 <10 20 I < <10 <10 77 <10 22 I < <10 <10 69 <10 19 I < <10 <10 58 <10 16 I < <10 <10 63 <10 15 I < <10 <10 57 <10 14 I < <10 <10 70 <10 19 I < <10 < <10 117

282 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - A Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm I < <0.5 < < I < < < I < <10 30 <0.5 < < I <0.005 < <2 <10 10 <0.5 < <0.5 1 <1 1 I < <10 40 <0.5 < < I < < < I < < < I < < < < I < <0.5 < I < < < I < <10 30 <0.5 < < I < < < < I < <10 50 <0.5 < < I <0.005 < < < I <0.005 < < < I < < < I < < < < I < < < < I < < < I <0.005 < < < < I < < < < I <0.005 < < <

283 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - B Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm I < < < <2 5 I < < < <2 2 I < < < <2 2 I <10 < < < <1 150 <2 <0.01 <2 <1 I < < <2 2 I < < < <2 2 I < < <2 3 I < < < <2 2 I I < < <2 2 I < < < <2 2 I < < < <2 2 I < < < <2 1 I < < < <2 1 I < < < <2 1 I < < < <2 3 I < < < <2 4 I < < < <2 4 I < < <2 4 I < < < <2 1 I < <2 2 I < < <2 3

284 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - C Total # Pages: 6 (A - C) Finalized Date: 8-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR I < <10 < <10 23 I < <10 <10 69 <10 19 I < <10 <10 67 <10 19 I <20 <0.01 <10 <10 1 <10 13 I < <10 <10 56 <10 19 I < <10 <10 68 <10 20 I < <10 <10 85 <10 23 I < <10 <10 61 <10 20 I < <10 < I < <10 <10 52 <10 21 I < <10 <10 59 <10 16 I < <10 <10 47 <10 21 I < <10 <10 61 <10 17 I < <10 <10 97 <10 29 I < <10 <10 98 <10 28 I < <10 < <10 35 I < <10 <10 97 <10 38 I < <10 < <10 36 I < <10 < <10 29 I < <10 <10 94 <10 27 I < <10 < <10 32 I < <10 <10 86 <10 20

285 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 1 Finalized Date: 12-FEB-2011 Account: EIAKHT CERTIFICATE TR Project: KHT10-01 P.O. No.: KHT10-01_4 This report is for 182 Drill Core samples submitted to our lab in Terrace, BC, Canada on 26-JAN The following have access to data associated with this certificate: ROBIN BLACK THOMAS BRANSON JEAN-PHILIPPE DESROCHERS EQUITY ENGINEERING GENERAL DAVID MATOUSEK ALS CODE WEI-21 LOG-22 CRU-QC PUL-QC CRU-31 SPL-21 PUL-31 LOG-22d SPL-21d PUL-31d LOG-24 SAMPLE PREPARATION DESCRIPTION Received Sample Weight Sample login - Rcd w/o BarCode Crushing QC Test Pulverizing QC Test Fine crushing - 70% <2mm Split sample - riffle splitter Pulverize split to 85% <75 um Sample login - Rcd w/o BarCode dup Split sample - duplicate Pulverize Split - duplicate Pulp Login - Rcd w/o Barcode ANALYTICAL PROCEDURES ALS CODE DESCRIPTION INSTRUMENT Au-AA23 Au 30g FA-AA finish AAS Au-GRA21 Au 30g FA-GRAV finish WST-SIM ME-ICP41 35 Element Aqua Regia ICP-AES ICP-AES To: EQUITY EXPLORATION CONSULTANTS LTD. ATTN: ROBIN BLACK SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature: Colin Ramshaw, Vancouver Laboratory Manager

286 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - A Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm I < < < I <0.005 < <2 <10 10 <0.5 < < I < < < I < < I < < < I < < I >10000 <10 40 < I < < I < < I < < < I < < < I < < < I <10 40 <0.5 < < I <10 10 <0.5 < < I < <2 8.5 < I <2 < < < I <10 10 <0.5 <2 8.0 < I < < < I < < < < I < < < I < < I <0.005 < <2 <10 20 <0.5 < <0.5 2 <1 13 I < < < < I < < < < I < < < < I < < I < <0.5 < I < < < I < < < I < < < I < < < I < <10 40 <0.5 < < I < < <10 40 <0.5 < < I < <0.5 < < I < < < I < <0.5 < < I < < < < I < <2 <10 40 <0.5 < < I < < < < I <10 80 <0.5 < <

287 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - B Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm I < < <2 4 I <10 < < <1 <0.01 < <0.01 <2 <1 I < < <2 4 I < <2 5 I < < <2 5 I < <2 3 I <10 < <2 3 I < <2 3 I < < < <2 3 I < < <2 4 I < < < <2 4 I < < < <2 4 I < < <2 6 I < <2 9 I < <2 21 I < < <2 10 I <10 < <2 6 I <10 < < <2 7 I < < <2 4 I < < <2 4 I < < <2 5 I <10 < < <1 <0.01 <1 180 <2 <0.01 <2 <1 I < < <2 5 I < < < <2 4 I < < <2 5 I < < <2 4 I I < < <2 5 I < < <2 4 I < < <2 6 I < <2 7 I < < <2 3 I < < I < < <2 3 I < <2 6 I < < I < < <2 6 I < < < <2 2 I < < <2 4 I < <

288 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - C Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR I < <10 < <10 33 I <20 <0.01 <10 <10 1 <10 14 I < <10 < <10 26 I < <10 <10 90 <10 25 I < <10 <10 97 <10 28 I < <10 < <10 26 I <20 <0.01 <10 <10 23 < I < <10 < <10 24 I < <10 < <10 32 I < <10 < <10 34 I < <10 < <10 31 I < <10 < <10 27 I < <10 < <10 28 I <20 <0.01 <10 <10 88 <10 28 I <20 <0.01 <10 < <10 85 I <20 <0.01 <10 < <10 44 I <20 <0.01 <10 <10 54 <10 24 I <20 <0.01 <10 <10 73 <10 33 I < <10 < <10 29 I < <10 <10 92 <10 25 I < <10 < <10 30 I <20 <0.01 <10 <10 1 <10 14 I < <10 < <10 22 I < <10 < <10 24 I < <10 < <10 25 I < <10 < <10 25 I < <10 < I < <10 < <10 34 I < <10 < <10 23 I < <10 < <10 27 I < <10 < <10 51 I < <10 < <10 27 I < <10 < <10 26 I < <10 <10 82 <10 19 I < <10 < <10 28 I < <10 < <10 27 I < <10 < <10 37 I < <10 <10 75 <10 18 I < <10 < <10 23 I < <10 < <10 43

289 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - A Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm I <10 50 <0.5 < < I <0.005 < <10 10 <0.5 < <0.5 1 <1 5 I < < < < I < < < I < < < < I < < < < I >10000 <10 40 < I < < < < I < < < < I < < < < I < < < I <10 40 <0.5 < < I < < < I < < < I < < < I <10 50 <0.5 < < I <0.5 < I < < < < I < < < < I < <10 40 <0.5 < < I <0.005 < <2 <10 40 <0.5 < < I <0.005 < <10 10 <0.5 < < I < < < < I < <10 30 <0.5 < < I < <10 40 <0.5 < < I < <10 50 < < I <0.5 < I < < I <10 40 <0.5 < < I <10 60 <0.5 < < I <10 50 <0.5 < < I <10 50 <0.5 < < G <0.005 < <2 < <0.5 < < G <0.005 < <2 < <0.5 < < G <0.005 < < <0.5 < < G <0.005 < <2 < <0.5 < < G < < <0.5 < < G < <2 < <0.5 < < G <0.005 < <10 80 <0.5 < < G <0.005 < < < <

290 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - B Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm I < < I <10 < < <2 <0.01 <2 <1 I < I < < I < < < <2 4 I < < < <2 5 I <10 < I < < I < < < <2 7 I < < <2 4 I < I <2 10 I < <2 7 I < <2 3 I < < <2 4 I <2 11 I < <2 8 I < < <2 3 I < < <2 5 I < <2 5 I < < <2 3 I <10 < < <2 <0.01 <2 <1 I < I < < <2 6 I < I < I I < <2 9 I < <2 12 I < < < <2 9 I < < < <2 12 I < < < <2 10 G < < <2 10 G < < <2 9 G < < <2 10 G < < <2 12 G < < <2 13 G < < <2 11 G < < <2 9 G < < <2 8

291 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - C Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR I < <10 < <10 50 I <20 <0.01 <10 <10 1 <10 14 I < <10 <10 71 <10 26 I < <10 < <10 36 I < <10 < <10 28 I < <10 < <10 32 I < <10 <10 21 < I < <10 < <10 31 I < <10 <10 55 <10 35 I < <10 < <10 35 I < <10 < <10 79 I < <10 < <10 82 I < <10 < <10 25 I < <10 < <10 19 I < <10 < <10 23 I < <10 < <10 34 I < <10 < < I < <10 <10 71 <10 22 I < <10 < <10 29 I < <10 <10 99 <10 38 I < <10 <10 89 <10 19 I <20 <0.01 <10 <10 1 <10 16 I < <10 < <10 24 I < <10 < <10 25 I < <10 <10 94 <10 21 I < <10 < <10 26 I < <10 < I < <10 < <10 55 I < <10 < <10 43 I < <10 <10 81 <10 48 I < <10 <10 90 <10 38 I < <10 <10 83 <10 35 G < <10 <10 93 <10 47 G < <10 <10 85 <10 47 G < <10 <10 65 <10 41 G < <10 <10 76 <10 53 G < <10 < <10 53 G < <10 <10 92 <10 37 G < <10 < <10 25 G < <10 < <10 23

292 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - A Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm G <0.005 < <2 < <0.5 < < G <0.005 < <2 <10 20 <0.5 < <0.5 2 <1 1 G <0.005 < < <0.5 < < G <0.005 < < <0.5 < < G <0.005 < < <0.5 < < G <0.005 < <2 < <0.5 < < G >10000 <10 50 < G < <10 80 <0.5 < < G < < <0.5 < < G < <10 30 <0.5 < < G < <10 60 <0.5 < < G < <10 70 <0.5 < < G <10 30 <0.5 < < G <0.005 < <10 90 <0.5 < < G <0.005 < < <0.5 < < G <0.005 < <2 < <0.5 < < G < <2 < <0.5 < < G < < <0.5 < < G <2 < <0.5 < < G < <2 < <0.5 < < G < < <0.5 < < G <0.005 < <2 <10 60 <0.5 < < G <0.005 < <0.5 < < G < < <0.5 < < G < < <0.5 < < G <0.005 < < <0.5 < < G < <0.5 < G < < <0.5 < < G < <2 < <0.5 < < G <0.005 < <2 < <0.5 < < G < < <0.5 < < G <0.005 < < <0.5 < < G < < < < < G < <0.5 < < G <0.005 < < <0.5 < < G < < < < G < < <0.5 < < G < <0.5 < < G < < < < G <0.005 < <2 <10 70 <0.5 < <

293 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - B Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm G < < <2 8 G <10 < < < <1 150 <2 <0.01 <2 <1 G < < <2 8 G < < <2 13 G < < <2 8 G < < <2 6 G <10 < < G < <2 7 G < < <2 7 G < < <2 5 G < < G <10 < < <2 2 G < < <2 6 G < < <2 4 G <10 < < < <2 2 G < < < < <2 10 G < < < <2 7 G < < < <2 16 G < < <2 15 G < < < <2 9 G < < <2 1 G <10 < < < <2 <0.01 <2 <1 G < < <2 2 G < < <2 2 G < < <2 3 G < <2 7 G < G <10 < < <2 6 G <10 < < <2 8 G <10 < < <2 6 G < < < <2 2 G < < < <2 2 G < < < <2 2 G < < <2 2 G < < <2 2 G < < < G < < < G < < G < < < G < < < <2 2

294 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - C Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR G < <10 < <10 31 G <20 <0.01 <10 <10 <1 <10 19 G < <10 <10 88 <10 30 G < <10 < <10 44 G < <10 <10 69 <10 30 G < <10 <10 82 <10 28 G < <10 <10 21 < G < <10 <10 84 <10 36 G < <10 <10 95 <10 37 G < <10 <10 54 <10 35 G < <10 <10 73 <10 58 G < <10 <10 42 <10 16 G < <10 <10 70 <10 28 G < <10 < <10 28 G < <10 <10 53 <10 14 G < <10 < <10 25 G < <10 < <10 18 G < <10 < <10 25 G < <10 < <10 33 G < <10 < <10 44 G < <10 <10 42 <10 24 G <20 <0.01 <10 <10 1 <10 18 G < <10 <10 42 <10 16 G < <10 <10 41 <10 15 G < <10 <10 52 <10 16 G < <10 < <10 31 G < <10 < G < <10 < <10 23 G < <10 < <10 33 G < <10 <10 97 <10 28 G < <10 <10 73 <10 20 G < <10 <10 70 <10 21 G < <10 <10 72 <10 21 G < <10 <10 68 <10 19 G < <10 <10 84 <10 23 G < <10 <10 89 <10 30 G < <10 <10 95 <10 26 G < <10 < <10 31 G < <10 < <10 33 G < <10 <10 78 <10 22

295 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - A Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm G <0.005 < < < < G <0.005 < <2 <10 10 <0.5 < < G <0.005 < < < < G <0.005 < < < < G <0.005 < < < < G < < < G >10000 <10 40 < G < < < < G <0.005 < < < G < < < < G < < G < < < < G < <2 < <0.5 < < G < < < < G < < <0.5 < < G < < < < G < < < < G < < < G < <0.5 < < G < < G < G <0.005 < <2 <10 10 < <0.5 2 <1 1 G <10 40 < G < G < <0.5 < < G < < G < <0.5 < G < < G <0.5 < < G < < < G < < < G < < <0.5 < < G < <0.5 < < G < <0.5 < < G < < G <10 70 <0.5 < < G <10 60 < < G < < G < < G <

296 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - B Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm G < < <2 3 G <10 < < <2 <0.01 <2 <1 G < < <2 2 G < < < <2 2 G < < G < < < <2 4 G <10 < G <10 < < G < < < <2 4 G < < <2 4 G <10 < < G < < < <2 2 G < < <2 3 G < < < <2 3 G < < < <2 2 G < < < G < < < <2 4 G <10 < < G < <2 4 G < <2 4 G < <2 8 G <10 < < < < <0.01 <2 <1 G <10 < < > G < G < < <2 2 G < < <2 3 G G < < <2 2 G < < <2 2 G < < <2 2 G < < < <2 2 G < < < <2 1 G < <2 1 G < < < <2 2 G < < <2 2 G < < <2 7 G < < <2 8 G < <2 7 G < < <2 3 G < < <2 5

297 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - C Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR G < <10 <10 87 <10 26 G <20 <0.01 <10 <10 1 <10 14 G < <10 <10 82 <10 21 G < <10 <10 79 <10 23 G < <10 <10 98 <10 26 G < <10 <10 88 <10 31 G < <10 <10 22 < G <20 <0.01 <10 <10 22 <10 33 G < <10 <10 87 <10 30 G < <10 < <10 32 G < <10 <10 53 <10 32 G < <10 <10 71 <10 19 G < <10 <10 76 <10 22 G < <10 <10 89 <10 22 G < <10 <10 93 <10 22 G < <10 <10 98 <10 26 G < <10 < <10 29 G < <10 <10 64 <10 33 G < <10 < <10 27 G < <10 < <10 28 G <20 <0.01 <10 <10 53 <10 51 G <20 <0.01 <10 <10 <1 <10 16 G <20 <0.01 <10 < G < <10 <10 43 <10 32 G < <10 <10 97 <10 23 G < <10 < <10 26 G < <10 < G < <10 < <10 26 G < <10 < <10 30 G < <10 < <10 27 G < <10 < <10 29 G < <10 < <10 25 G < <10 < <10 26 G < <10 < <10 27 G < <10 < <10 27 G < <10 < <10 49 G < <10 < <10 51 G < <10 < <10 40 G < <10 < <10 27 G < <10 < <10 33

298 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - A Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm G < G < <10 10 < <0.5 2 <1 <1 G < < G < < G < < G <10 30 < < G >10000 <10 40 < G <10 60 <0.5 < < G <0.5 < < G < < G <0.5 < < G <10 60 <0.5 < < G < <0.5 < < G < < G < < G <0.5 < < G < <0.5 < < G < < G < < < G < < < < G <0.005 < < < < G <0.005 < <2 <10 10 <0.5 < <

299 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - B Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm G < < <2 4 G <10 < < < < <0.01 <2 <1 G < < < <2 4 G < < <2 5 G < <2 5 G < <2 8 G <10 < < G < <2 6 G < < <2 9 G <10 < <2 7 G < < <2 8 G < < G < < G < <2 9 G < < <2 8 G < < <2 6 G < <2 8 G < < < <2 4 G < < < <2 3 G < < < <2 3 G < < < <2 3 G <10 < < < <1 240 <2 <0.01 <2 <1

300 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - C Total # Pages: 6 (A - C) Finalized Date: 12-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Sr Th Ti Tl U V W Zn ppm ppm % ppm ppm ppm ppm ppm CERTIFICATE OF ANALYSIS TR G < <10 < <10 27 G <20 <0.01 <10 <10 <1 <10 18 G < <10 <10 92 <10 24 G < <10 <10 96 <10 27 G < <10 <10 75 <10 35 G < <10 <10 85 <10 41 G < <10 <10 20 < G < <10 <10 59 <10 47 G < <10 < <10 63 G < <10 <10 97 <10 91 G < <10 <10 85 < G < <10 < <10 61 G < <10 < <10 62 G < <10 <10 79 <10 76 G < <10 <10 93 <10 87 G < <10 < <10 49 G < <10 < <10 79 G < <10 <10 70 <10 30 G < <10 <10 73 <10 27 G < <10 <10 63 <10 26 G < <10 <10 62 <10 26 G <20 <0.01 <10 <10 1 <10 16

301 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 1 Finalized Date: 9-FEB-2011 Account: EIAKHT CERTIFICATE TR Project: KHT10-01 P.O. No.: KHT10-01_4 This report is for 181 Drill Core samples submitted to our lab in Terrace, BC, Canada on 26-JAN The following have access to data associated with this certificate: ROBIN BLACK THOMAS BRANSON JEAN-PHILIPPE DESROCHERS EQUITY ENGINEERING GENERAL DAVID MATOUSEK ALS CODE WEI-21 LOG-22 CRU-QC PUL-QC CRU-31 SPL-21 PUL-31 LOG-22d SPL-21d PUL-31d LOG-24 SAMPLE PREPARATION DESCRIPTION Received Sample Weight Sample login - Rcd w/o BarCode Crushing QC Test Pulverizing QC Test Fine crushing - 70% <2mm Split sample - riffle splitter Pulverize split to 85% <75 um Sample login - Rcd w/o BarCode dup Split sample - duplicate Pulverize Split - duplicate Pulp Login - Rcd w/o Barcode ANALYTICAL PROCEDURES ALS CODE DESCRIPTION INSTRUMENT Au-AA23 Au 30g FA-AA finish AAS Au-GRA21 Au 30g FA-GRAV finish WST-SIM ME-ICP41 35 Element Aqua Regia ICP-AES ICP-AES ME-OG46 Ore Grade Elements - AquaRegia ICP-AES Zn-OG46 Ore Grade Zn - Aqua Regia VARIABLE To: EQUITY EXPLORATION CONSULTANTS LTD. ATTN: ROBIN BLACK SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature: Colin Ramshaw, Vancouver Laboratory Manager

302 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - A Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm G <10 70 <0.5 < < G < <10 50 <0.5 <2 9.2 < G <10 60 <0.5 < < G <10 20 <0.5 < G < <0.5 < G <10 80 <0.5 < < G <10 20 <0.5 < < G < < < < G <10 60 <0.5 < < G <10 30 <0.5 < < G < <10 30 <0.5 < < G <10 20 <0.5 < < G <10 80 <0.5 <2 9.1 < G <10 40 <0.5 < < G < <0.5 < < G < < <0.5 < < G <0.005 < <0.5 < < G < < < G < < <0.5 < < G < <2 <10 10 <0.5 < < G < < <0.5 < < G <10 70 <0.5 < < G <2 < <0.5 < < G < <0.5 < < G >10000 <10 40 < G < <10 60 <0.5 < < G < <0.5 < < G < < < G <10 60 <0.5 < < G < < G <10 60 < < G < G < <0.5 < < G < < < G < < <0.5 5 <1 16 G < < < G < < < G < < < < G <10 50 <0.5 < < G < <2 <10 20 <0.5 < <0.5 <1 <1 1

303 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - B Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm G < <2 3 G < < G < G < < <2 7 G G < < <2 7 G < < <2 3 G < < <2 3 G < < <2 9 G < <2 8 G < <2 8 G <10 < < G < < <2 3 G < < G < <2 8 G < < < <2 9 G < < <2 3 G < G < < < <2 8 G <10 < < < <1 160 <2 <0.01 <2 <1 G < < <2 4 G < < <2 6 G < < < <2 9 G < < <2 8 G <10 < < G < <2 7 G < < G <10 < < G <10 < < G <10 < < G <10 < < G <10 < < G < < < <2 2 G < < < <2 2 G <10 < < < <2 4 G <10 < < < <2 4 G < < < <2 2 G < < < <2 3 G <10 < < G <10 < < < <1 190 <2 <0.01 <2 <1

304 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - C Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR G < <10 <10 58 <10 37 G < <10 <10 51 <10 21 G < <10 < <10 57 G < <10 < < G < <10 < G < <10 < <10 82 G < <10 <10 47 <10 44 G < <10 <10 61 <10 32 G < <10 < <10 78 G < <10 <10 85 <10 47 G < <10 <10 84 <10 52 G < <10 <10 60 <10 64 G < <10 <10 43 <10 91 G < <10 < < G < <10 <10 78 <10 81 G < <10 <10 92 <10 49 G < <10 <10 60 <10 21 G < <10 <10 71 <10 27 G < <10 < <10 36 G <20 <0.01 <10 <10 1 <10 18 G < <10 <10 75 <10 23 G < <10 < <10 37 G < <10 < <10 34 G < <10 <10 93 <10 65 G < <10 <10 20 < G < <10 <10 89 <10 86 G < <10 <10 71 < G < <10 <10 17 <10 34 G <20 <0.01 <10 <10 4 <10 38 G <20 <0.01 <10 <10 5 < G <20 <0.01 <10 <10 5 <10 31 G <20 <0.01 <10 <10 17 <10 27 G < <10 <10 42 <10 25 G < <10 <10 35 <10 18 G <20 <0.01 <10 <10 11 <10 24 G <20 <0.01 <10 <10 7 <10 21 G < <10 <10 28 <10 19 G < <10 <10 39 <10 22 G <20 <0.01 <10 <10 6 <10 17 G <20 <0.01 <10 <10 1 <10 16

305 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - A Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm G < < < G < < < G < <0.5 < < G <10 60 <0.5 < < G < <0.5 < G < < < G < <0.5 < < G < <0.5 < < G <10 90 <0.5 < < G < <0.5 <2 8.5 < G < <0.5 <2 8.7 < G < <0.5 < < G < < <0.5 < < G < <0.5 < < G < < <0.5 < < G < <0.5 < < G <0.5 < < G < <0.5 < < G < < < G < <2 <10 10 <0.5 < < G < <0.5 < < G < < < < G < <0.5 < < G < < <0.5 < < G >10000 <10 40 < G < <0.5 < < G < <0.5 < < G < <0.5 < < G < < < < G < < < < G < <2 < <0.5 < < G < < <0.5 < < G < <10 80 < < G <0.005 < <2 < <0.5 < < G <0.005 < <2 < <0.5 < < G < <2 < <0.5 < < G < <0.5 < < G < <0.5 < < G < <0.5 < < G <0.005 < <2 <10 10 <0.5 < <

306 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - B Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm G < < < <2 3 G < < G < < <2 3 G < < G G < <2 8 G < <2 8 G < < <2 8 G < <2 9 G < <2 11 G < <2 12 G < < < G < < G < < <2 9 G < < < <2 9 G < < G < < < <2 9 G < < <2 8 G < < <2 11 G <10 < < < <2 <0.01 <2 <1 G < < < < <2 12 G < < < < <2 12 G < < <2 10 G < <2 8 G <10 < < G < <2 10 G < < < <2 12 G < < < <2 6 G < < G < < < G < < <2 9 G < < G < < <2 8 G <10 < < <2 4 G < <2 3 G <10 < < <2 3 G < < <2 7 G < < < <2 11 G < < <2 11 G <10 < < < <1 170 <2 <0.01 <2 <1

307 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - C Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR G < <10 <10 40 <10 26 G < <10 <10 40 <10 19 G < <10 <10 48 <10 27 G < <10 <10 78 <10 37 G < <10 < G < <10 <10 74 <10 38 G < <10 <10 72 <10 39 G < <10 <10 76 <10 44 G < <10 <10 83 <10 44 G < <10 < <10 34 G < <10 < <10 39 G < <10 <10 82 <10 46 G < <10 <10 97 <10 45 G < <10 <10 92 <10 43 G < <10 <10 90 <10 37 G < <10 <10 94 <10 39 G < <10 <10 84 <10 52 G < <10 <10 90 <10 56 G < <10 <10 93 <10 96 G <20 <0.01 <10 <10 1 <10 23 G < <10 <10 82 <10 41 G < <10 < <10 42 G < <10 < <10 43 G < <10 <10 84 <10 49 G < <10 <10 21 < G < <10 <10 81 <10 60 G < <10 < <10 48 G < <10 <10 49 <10 54 G < <10 <10 87 <10 59 G < <10 <10 71 <10 49 G < <10 < <10 39 G < <10 <10 85 <10 35 G < <10 <10 91 <10 38 G < <10 <10 67 <10 30 G < <10 <10 46 <10 26 G < <10 <10 45 <10 28 G < <10 <10 76 <10 52 G < <10 <10 89 <10 71 G < <10 <10 82 <10 68 G <20 <0.01 <10 <10 <1 <10 15

308 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - A Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm G < <0.5 < < G < <0.5 < < G < <0.5 < < G < <0.5 < < G <0.5 < G <2 < < < G < <0.5 < < G < < <0.5 < < G < <0.5 < < G <0.005 < < <0.5 < < G <0.02 <0.005 < <2 < <0.5 < < G < < < G < <0.5 < < G < <0.5 < < G < < < G <2 < <0.5 < < G <10 70 <0.5 < < G < < <0.5 < < G <0.005 < <10 <10 <0.5 < <0.5 <1 1 <1 G <10 30 <0.5 < < G < <0.5 < < G < <0.5 < < G <0.005 < < <0.5 < < G >10000 <10 20 < G <0.005 < < <0.5 < < G < <0.5 < < G < < <0.5 < < G < < <0.5 < < G < < < < G < <0.5 < < G < < <0.5 < < G <0.5 < < G < < <0.5 < < G <0.005 < <2 <10 80 <0.5 < < G <0.005 < <2 < <0.5 < < G < <2 < <0.5 < < G <0.005 < <2 < <0.5 < < G <0.005 < <2 <10 80 <0.5 < < G < <2 <10 10 <0.5 < <0.5 2 <1 7 G <0.005 < <2 <10 70 <0.5 < <

309 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - B Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm G < < <2 12 G < < < <2 11 G < < <2 11 G < < < <2 11 G G < < < <2 10 G < < < <2 12 G < < < < <2 8 G < < < < <2 9 G < < < <2 7 G < < <2 7 G < < < <2 11 G < < < <2 10 G < < < <2 12 G < < < G < < <2 13 G < < <2 8 G <10 < < < <2 5 G <10 < < < <2 <0.01 <2 <1 G < < <2 5 G < < <2 10 G <10 < < <2 5 G < < < <2 6 G <10 < < G < < < <2 11 G < < < < <2 15 G < <2 15 G < < <2 13 G < < <2 12 G < <2 8 G < < <2 11 G < < <2 5 G < < < <2 7 G < < <2 4 G < < <2 13 G < < <2 7 G < < <2 4 G < < <2 4 G <10 < < < <0.01 <2 <1 G < <2 5

310 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - C Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR G < <10 < <10 69 G < <10 < <10 81 G < <10 <10 93 <10 59 G < <10 <10 99 <10 56 G < <10 < G < <10 <10 67 <10 56 G < <10 <10 95 <10 61 G < <10 <10 75 <10 44 G < <10 <10 78 <10 43 G < <10 < <10 46 G < <10 <10 99 <10 47 G < <10 < <10 52 G < <10 <10 86 <10 71 G < <10 <10 98 <10 90 G < <10 <10 84 <10 63 G < <10 < <10 37 G < <10 <10 85 <10 61 G < <10 <10 61 <10 37 G <20 <0.01 <10 <10 2 <10 24 G < <10 <10 56 <10 34 G < <10 <10 95 <10 58 G < <10 <10 57 <10 52 G < <10 < <10 29 G < <10 <10 22 < G < <10 < <10 34 G < <10 < <10 45 G < <10 < <10 45 G < <10 < <10 64 G < <10 < <10 37 G < <10 <10 89 <10 31 G < <10 < <10 40 G < <10 <10 77 <10 36 G < <10 < <10 48 G < <10 <10 61 <10 19 G < <10 < <10 33 G < <10 < <10 23 G < <10 <10 78 <10 17 G < <10 <10 85 <10 20 G <20 <0.01 <10 <10 <1 <10 23 G < <10 <10 66 <10 20

311 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - A Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm G <0.005 < <2 <10 70 <0.5 < < G <2 < <0.5 < < G < < <0.5 < < G <0.5 < G <0.005 < <10 70 <0.5 < < G <0.005 < <2 < <0.5 < < G <0.005 < < <0.5 < < G <2 < <0.5 < < G < <2 < <0.5 < < G < <2 < <0.5 < < G < <0.5 < < G <10 30 < < G <0.5 < < G <10 90 <0.5 < < G <10 50 <0.5 < < G < < < G <2 <10 50 <0.5 < < G < <2 < < < G < <2 <10 10 <0.5 < <0.5 2 <1 2 J < < < J < < < < J < < < J < < < < J < < J < < J < < <1 133 J < < <1 181 J >10000 <10 90 < < <1 429 J < < J <0.5 < < J <10 80 <0.5 < < J < <10 10 <0.5 < <0.5 2 <1 5 J < <2 < < < J < < < J < < J <2 < < < J >10000 <10 40 < J < < < J < <2 < < J < <2 < <0.5 < <

312 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - B Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm G < <2 4 G < <2 4 G < <2 7 G G < <2 7 G < <2 7 G < <2 13 G < <2 11 G < <2 11 G <2 12 G <2 11 G < < > G < G <2 9 G < G < <2 11 G < < <2 11 G < G <10 < < < < <0.01 <2 <1 J < < J < < <2 2 J < < <2 2 J < J < J < < J <10 < < J < J <10 < J < J <10 < < < J < J <10 < < < < <0.01 <2 <1 J < <2 11 J < <2 10 J J < < <2 6 J <10 < < J < J < < <2 6 J < < <2 5

313 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - C Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR G < <10 <10 62 <10 19 G < <10 <10 53 <10 25 G < <10 <10 76 <10 29 G < <10 < G < <10 <10 87 <10 27 G < <10 <10 72 <10 22 G < <10 < <10 32 G < <10 < <10 28 G < <10 <10 77 <10 26 G < <10 <10 80 <10 28 G < <10 < <10 55 G < <10 < > G <20 <0.01 <10 <10 39 < G < <10 <10 69 <10 45 G < <10 <10 63 <10 28 G < <10 <10 71 <10 38 G < <10 <10 73 <10 29 G < <10 <10 73 <10 32 G <20 <0.01 <10 <10 <1 <10 15 J < <10 <10 42 <10 20 J < <10 <10 37 <10 20 J < <10 <10 31 <10 17 J < <10 <10 30 <10 17 J < <10 <10 34 <10 11 J < <10 <10 32 <10 21 J < <10 <10 20 <10 24 J <20 <0.01 <10 <10 10 <10 24 J <20 <0.01 <10 <10 3 <10 59 J <20 <0.01 <10 <10 14 <10 42 J <20 <0.01 <10 <10 18 <10 30 J <20 <0.01 <10 <10 9 <10 24 J <20 <0.01 <10 <10 <1 <10 16 J < <10 < <10 36 J < <10 <10 90 <10 43 J < <10 < <10 27 J < <10 <10 74 <10 28 J < <10 <10 20 < J < <10 <10 76 <10 24 J < <10 <10 89 <10 24 J < <10 <10 96 <10 24

314 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - A Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J <10 60 <0.5 < < J <2 <10 60 < < J < < <0.5 < < J < < < < J < < <0.5 < < J <0.005 < <2 < <0.5 < < J < < < < J <0.5 < < J <2 <10 90 < < J < <2 < <0.5 < < J < <2 < <0.5 < < J < <2 <10 10 < <0.5 1 <1 1 J < <2 <10 80 < < J < <2 < <0.5 < < J < <10 90 <0.5 < < J <0.005 < < <0.5 < < J < <0.5 < J < <2 < < < J <0.005 < <2 <10 90 <0.5 < < J <0.005 < <2 < <0.5 < < J <0.005 < <2 < <0.5 < <

315 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - B Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J < < <2 5 J < < <2 7 J < < <2 5 J < <2 4 J < < <2 4 J < < <2 8 J < < J < < J < < <2 3 J < < <2 9 J < < <2 8 J <10 < < < <1 190 <2 <0.01 <2 <1 J < < <2 7 J < < <2 6 J < < <2 7 J < < <2 8 J J < < <2 2 J < < <2 10 J < < <2 9 J < <2 3

316 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - C Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR J < <10 <10 77 <10 24 J < <10 <10 68 <10 40 J < <10 <10 72 <10 26 J < <10 <10 79 <10 18 J < <10 <10 87 <10 18 J < <10 < <10 37 J < <10 < J < <10 <10 59 <10 48 J < <10 <10 49 <10 33 J < <10 <10 98 <10 42 J < <10 < <10 54 J <20 <0.01 <10 <10 1 <10 16 J < <10 <10 99 <10 36 J < <10 <10 65 <10 31 J < <10 <10 83 <10 51 J < <10 <10 87 <10 42 J < <10 < J < <10 <10 39 <10 15 J < <10 < <10 40 J < <10 <10 81 <10 47 J < <10 < <10 21

317 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 1 Finalized Date: 9-FEB-2011 This copy reported on 18-MAY-2011 Account: EIAKHT CERTIFICATE TR Project: KHT10-01 P.O. No.: KHT10-01_4 This report is for 181 Drill Core samples submitted to our lab in Terrace, BC, Canada on 26-JAN The following have access to data associated with this certificate: ROBIN BLACK THOMAS BRANSON JEAN-PHILIPPE DESROCHERS EQUITY ENGINEERING GENERAL DAVID MATOUSEK ALS CODE WEI-21 LOG-22 CRU-QC PUL-QC CRU-31 SPL-21 PUL-31 LOG-22d SPL-21d PUL-31d LOG-24 SAMPLE PREPARATION DESCRIPTION Received Sample Weight Sample login - Rcd w/o BarCode Crushing QC Test Pulverizing QC Test Fine crushing - 70% <2mm Split sample - riffle splitter Pulverize split to 85% <75 um Sample login - Rcd w/o BarCode dup Split sample - duplicate Pulverize Split - duplicate Pulp Login - Rcd w/o Barcode ANALYTICAL PROCEDURES ALS CODE DESCRIPTION INSTRUMENT Au-AA23 Au 30g FA-AA finish AAS Au-GRA21 Au 30g FA-GRAV finish WST-SIM ME-ICP41 35 Element Aqua Regia ICP-AES ICP-AES ME-OG46 Ore Grade Elements - AquaRegia ICP-AES Zn-OG46 Ore Grade Zn - Aqua Regia VARIABLE To: EQUITY EXPLORATION CONSULTANTS LTD. ATTN: ROBIN BLACK SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to samples as submitted. All pages of this report have been checked and approved for release. Signature: Colin Ramshaw, Vancouver Laboratory Manager

318 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - A Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm G <10 70 <0.5 < < G < <10 50 <0.5 <2 9.2 < G <10 60 <0.5 < < G <10 20 <0.5 < G < <0.5 < G <10 80 <0.5 < < G <10 20 <0.5 < < G < < < < G <10 60 <0.5 < < G <10 30 <0.5 < < G < <10 30 <0.5 < < G <10 20 <0.5 < < G <10 80 <0.5 <2 9.1 < G <10 40 <0.5 < < G < <0.5 < < G < < <0.5 < < G <0.005 < <0.5 < < G < < < G < < <0.5 < < G < <2 <10 10 <0.5 < < G < < <0.5 < < G <10 70 <0.5 < < G <2 < <0.5 < < G < <0.5 < < G >10000 <10 40 < G < <10 60 <0.5 < < G < <0.5 < < G < < < G <10 60 <0.5 < < G < < G <10 60 < < G < G < <0.5 < < G < < < G < < <0.5 5 <1 16 G <0.005 < < < G < < < G < < < < G <10 50 <0.5 < < G <0.005 < <2 <10 20 <0.5 < <0.5 <1 <1 1 Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

319 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - B Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm G < <2 3 G < < G < G < < <2 7 G G < < <2 7 G < < <2 3 G < < <2 3 G < < <2 9 G < <2 8 G < <2 8 G <10 < < G < < <2 3 G < < G < <2 8 G < < < <2 9 G < < <2 3 G < G < < < <2 8 G <10 < < < <1 160 <2 <0.01 <2 <1 G < < <2 4 G < < <2 6 G < < < <2 9 G < < <2 8 G <10 < < G < <2 7 G < < G <10 < < G <10 < < G <10 < < G <10 < < G <10 < < G < < < <2 2 G < < < <2 2 G <10 < < < <2 4 G <10 < < < <2 4 G < < < <2 2 G < < < <2 3 G <10 < < G <10 < < < <1 190 <2 <0.01 <2 <1 Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

320 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 2 - C Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR G < <10 <10 58 <10 37 G < <10 <10 51 <10 21 G < <10 < <10 57 G < <10 < < G < <10 < G < <10 < <10 82 G < <10 <10 47 <10 44 G < <10 <10 61 <10 32 G < <10 < <10 78 G < <10 <10 85 <10 47 G < <10 <10 84 <10 52 G < <10 <10 60 <10 64 G < <10 <10 43 <10 91 G < <10 < < G < <10 <10 78 <10 81 G < <10 <10 92 <10 49 G < <10 <10 60 <10 21 G < <10 <10 71 <10 27 G < <10 < <10 36 G <20 <0.01 <10 <10 1 <10 18 G < <10 <10 75 <10 23 G < <10 < <10 37 G < <10 < <10 34 G < <10 <10 93 <10 65 G < <10 <10 20 < G < <10 <10 89 <10 86 G < <10 <10 71 < G < <10 <10 17 <10 34 G <20 <0.01 <10 <10 4 <10 38 G <20 <0.01 <10 <10 5 < G <20 <0.01 <10 <10 5 <10 31 G <20 <0.01 <10 <10 17 <10 27 G < <10 <10 42 <10 25 G < <10 <10 35 <10 18 G <20 <0.01 <10 <10 11 <10 24 G <20 <0.01 <10 <10 7 <10 21 G < <10 <10 28 <10 19 G < <10 <10 39 <10 22 G <20 <0.01 <10 <10 6 <10 17 G <20 <0.01 <10 <10 1 <10 16 Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

321 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - A Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm G < < < G < < < G < <0.5 < < G <10 60 <0.5 < < G < <0.5 < G < < < G < <0.5 < < G < <0.5 < < G <10 90 <0.5 < < G < <0.5 <2 8.5 < G < <0.5 <2 8.7 < G < <0.5 < < G < < <0.5 < < G < <0.5 < < G < < <0.5 < < G < <0.5 < < G <0.5 < < G < <0.5 < < G < < < G < <2 <10 10 <0.5 < < G < <0.5 < < G < < < < G < <0.5 < < G < < <0.5 < < G >10000 <10 40 < G < <0.5 < < G < <0.5 < < G < <0.5 < < G < < < < G < < < < G < <2 < <0.5 < < G < < <0.5 < < G < <10 80 < < G <0.005 < <2 < <0.5 < < G <0.005 < <2 < <0.5 < < G < <2 < <0.5 < < G < <0.5 < < G < <0.5 < < G < <0.5 < < G <0.005 < <2 <10 10 <0.5 < < Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

322 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - B Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm G < < < <2 3 G < < G < < <2 3 G < < G G < <2 8 G < <2 8 G < < <2 8 G < <2 9 G < <2 11 G < <2 12 G < < < G < < G < < <2 9 G < < < <2 9 G < < G < < < <2 9 G < < <2 8 G < < <2 11 G <10 < < < <2 <0.01 <2 <1 G < < < < <2 12 G < < < < <2 12 G < < <2 10 G < <2 8 G <10 < < G < <2 10 G < < < <2 12 G < < < <2 6 G < < G < < < G < < <2 9 G < < G < < <2 8 G <10 < < <2 4 G < <2 3 G <10 < < <2 3 G < < <2 7 G < < < <2 11 G < < <2 11 G <10 < < < <1 170 <2 <0.01 <2 <1 Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

323 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 3 - C Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR G < <10 <10 40 <10 26 G < <10 <10 40 <10 19 G < <10 <10 48 <10 27 G < <10 <10 78 <10 37 G < <10 < G < <10 <10 74 <10 38 G < <10 <10 72 <10 39 G < <10 <10 76 <10 44 G < <10 <10 83 <10 44 G < <10 < <10 34 G < <10 < <10 39 G < <10 <10 82 <10 46 G < <10 <10 97 <10 45 G < <10 <10 92 <10 43 G < <10 <10 90 <10 37 G < <10 <10 94 <10 39 G < <10 <10 84 <10 52 G < <10 <10 90 <10 56 G < <10 <10 93 <10 96 G <20 <0.01 <10 <10 1 <10 23 G < <10 <10 82 <10 41 G < <10 < <10 42 G < <10 < <10 43 G < <10 <10 84 <10 49 G < <10 <10 21 < G < <10 <10 81 <10 60 G < <10 < <10 48 G < <10 <10 49 <10 54 G < <10 <10 87 <10 59 G < <10 <10 71 <10 49 G < <10 < <10 39 G < <10 <10 85 <10 35 G < <10 <10 91 <10 38 G < <10 <10 67 <10 30 G < <10 <10 46 <10 26 G < <10 <10 45 <10 28 G < <10 <10 76 <10 52 G < <10 <10 89 <10 71 G < <10 <10 82 <10 68 G <20 <0.01 <10 <10 <1 <10 15 Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

324 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - A Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm G < <0.5 < < G < <0.5 < < G < <0.5 < < G < <0.5 < < G <0.5 < G <2 < < < G < <0.5 < < G < < <0.5 < < G < <0.5 < < G <0.005 < < <0.5 < < G <0.02 <0.005 < <2 < <0.5 < < G < < < G < <0.5 < < G < <0.5 < < G < < < G <2 < <0.5 < < G <10 70 <0.5 < < G < < <0.5 < < G <0.005 < <10 <10 <0.5 < <0.5 <1 1 <1 G <10 30 <0.5 < < G < <0.5 < < G < <0.5 < < G <0.005 < < <0.5 < < G >10000 <10 20 < G <0.005 < < <0.5 < < G < <0.5 < < G < < <0.5 < < G < < <0.5 < < G < < < < G < <0.5 < < G < < <0.5 < < G <0.5 < < G < < <0.5 < < G <0.005 < <2 <10 80 <0.5 < < G <0.005 < <2 < <0.5 < < G < <2 < <0.5 < < G <0.005 < <2 < <0.5 < < G <0.005 < <2 <10 80 <0.5 < < G < <2 <10 10 <0.5 < <0.5 2 <1 7 G <0.005 < <2 <10 70 <0.5 < < Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

325 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - B Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm G < < <2 12 G < < < <2 11 G < < <2 11 G < < < <2 11 G G < < < <2 10 G < < < <2 12 G < < < < <2 8 G < < < < <2 9 G < < < <2 7 G < < <2 7 G < < < <2 11 G < < < <2 10 G < < < <2 12 G < < < G < < <2 13 G < < <2 8 G <10 < < < <2 5 G <10 < < < <2 <0.01 <2 <1 G < < <2 5 G < < <2 10 G <10 < < <2 5 G < < < <2 6 G <10 < < G < < < <2 11 G < < < < <2 15 G < <2 15 G < < <2 13 G < < <2 12 G < <2 8 G < < <2 11 G < < <2 5 G < < < <2 7 G < < <2 4 G < < <2 13 G < < <2 7 G < < <2 4 G < < <2 4 G <10 < < < <0.01 <2 <1 G < <2 5 Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

326 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 4 - C Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR G < <10 < <10 69 G < <10 < <10 81 G < <10 <10 93 <10 59 G < <10 <10 99 <10 56 G < <10 < G < <10 <10 67 <10 56 G < <10 <10 95 <10 61 G < <10 <10 75 <10 44 G < <10 <10 78 <10 43 G < <10 < <10 46 G < <10 <10 99 <10 47 G < <10 < <10 52 G < <10 <10 86 <10 71 G < <10 <10 98 <10 90 G < <10 <10 84 <10 63 G < <10 < <10 37 G < <10 <10 85 <10 61 G < <10 <10 61 <10 37 G <20 <0.01 <10 <10 2 <10 24 G < <10 <10 56 <10 34 G < <10 <10 95 <10 58 G < <10 <10 57 <10 52 G < <10 < <10 29 G < <10 <10 22 < G < <10 < <10 34 G < <10 < <10 45 G < <10 < <10 45 G < <10 < <10 64 G < <10 < <10 37 G < <10 <10 89 <10 31 G < <10 < <10 40 G < <10 <10 77 <10 36 G < <10 < <10 48 G < <10 <10 61 <10 19 G < <10 < <10 33 G < <10 < <10 23 G < <10 <10 78 <10 17 G < <10 <10 85 <10 20 G <20 <0.01 <10 <10 <1 <10 23 G < <10 <10 66 <10 20 Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

327 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - A Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm G <0.005 < <2 <10 70 <0.5 < < G <2 < <0.5 < < G < < <0.5 < < G <0.5 < G <0.005 < <10 70 <0.5 < < G <0.005 < <2 < <0.5 < < G <0.005 < < <0.5 < < G <2 < <0.5 < < G < <2 < <0.5 < < G < <2 < <0.5 < < G < <0.5 < < G <10 30 < < G <0.5 < < G <10 90 <0.5 < < G <10 50 <0.5 < < G < < < G <2 <10 50 <0.5 < < G < <2 < < < G < <2 <10 10 <0.5 < <0.5 2 <1 2 J < < < J < < < < J < < < J < < < < J < < J < < J < < <1 133 J < < <1 181 J >10000 <10 90 < < <1 429 J < < J <0.5 < < J <10 80 <0.5 < < J < <10 10 <0.5 < <0.5 2 <1 5 J < <2 < < < J < < < J < < J <2 < < < J >10000 <10 40 < J < < < J < <2 < < J < <2 < <0.5 < < Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

328 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - B Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm G < <2 4 G < <2 4 G < <2 7 G G < <2 7 G < <2 7 G < <2 13 G < <2 11 G < <2 11 G <2 12 G <2 11 G < < > G < G <2 9 G < G < <2 11 G < < <2 11 G < G <10 < < < < <0.01 <2 <1 J < < J < < <2 2 J < < <2 2 J < J < J < < J <10 < < J < J <10 < J < J <10 < < < J < J <10 < < < < <0.01 <2 <1 J < <2 11 J < <2 10 J J < < <2 6 J <10 < < J < J < < <2 6 J < < <2 5 Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

329 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 5 - C Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR G < <10 <10 62 <10 19 G < <10 <10 53 <10 25 G < <10 <10 76 <10 29 G < <10 < G < <10 <10 87 <10 27 G < <10 <10 72 <10 22 G < <10 < <10 32 G < <10 < <10 28 G < <10 <10 77 <10 26 G < <10 <10 80 <10 28 G < <10 < <10 55 G < <10 < > G <20 <0.01 <10 <10 39 < G < <10 <10 69 <10 45 G < <10 <10 63 <10 28 G < <10 <10 71 <10 38 G < <10 <10 73 <10 29 G < <10 <10 73 <10 32 G <20 <0.01 <10 <10 <1 <10 15 J < <10 <10 42 <10 20 J < <10 <10 37 <10 20 J < <10 <10 31 <10 17 J < <10 <10 30 <10 17 J < <10 <10 34 <10 11 J < <10 <10 32 <10 21 J < <10 <10 20 <10 24 J <20 <0.01 <10 <10 10 <10 24 J <20 <0.01 <10 <10 3 <10 59 J <20 <0.01 <10 <10 14 <10 42 J <20 <0.01 <10 <10 18 <10 30 J <20 <0.01 <10 <10 9 <10 24 J <20 <0.01 <10 <10 <1 <10 16 J < <10 < <10 36 J < <10 <10 90 <10 43 J < <10 < <10 27 J < <10 <10 74 <10 28 J < <10 <10 20 < J < <10 <10 76 <10 24 J < <10 <10 89 <10 24 J < <10 <10 96 <10 24 Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

330 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - A Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR WEI-21 Au-AA23 Au-GRA21 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Recvd Wt. Au Au Ag Al As B Ba Be Bi Ca Cd Co Cr Cu kg ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm ppm J <10 60 <0.5 < < J <2 <10 60 < < J < < <0.5 < < J < < < < J < < <0.5 < < J <0.005 < <2 < <0.5 < < J < < < < J <0.5 < < J <2 <10 90 < < J < <2 < <0.5 < < J < <2 < <0.5 < < J < <2 <10 10 < <0.5 1 <1 1 J < <2 <10 80 < < J < <2 < <0.5 < < J < <10 90 <0.5 < < J <0.005 < < <0.5 < < J < <0.5 < J < <2 < < < J <0.005 < <2 <10 90 <0.5 < < J <0.005 < <2 < <0.5 < < J <0.005 < <2 < <0.5 < < Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

331 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - B Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 CERTIFICATE OF ANALYSIS TR ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Fe Ga Hg K La Mg Mn Mo Na Ni P Pb S Sb Sc % ppm ppm % ppm % ppm ppm % ppm ppm ppm % ppm ppm J < < <2 5 J < < <2 7 J < < <2 5 J < <2 4 J < < <2 4 J < < <2 8 J < < J < < J < < <2 3 J < < <2 9 J < < <2 8 J <10 < < < <1 190 <2 <0.01 <2 <1 J < < <2 7 J < < <2 6 J < < <2 7 J < < <2 8 J J < < <2 2 J < < <2 10 J < < <2 9 J < <2 3 Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

332 ALS Canada Ltd Dollarton Hwy North Vancouver BC V7H 0A7 Phone: Fax: To: EQUITY EXPLORATION CONSULTANTS LTD. SUITE 200, 900 WEST HASTINGS STREET VANCOUVER BC V6C 1E5 Page: 6 - C Total # Pages: 6 (A - C) Finalized Date: 9-FEB-2011 Account: EIAKHT Sample Description Method Analyte Units LOR Project: KHT10-01 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 ME-ICP41 Zn-OG46 Sr Th Ti Tl U V W Zn Zn ppm ppm % ppm ppm ppm ppm ppm % CERTIFICATE OF ANALYSIS TR J < <10 <10 77 <10 24 J < <10 <10 68 <10 40 J < <10 <10 72 <10 26 J < <10 <10 79 <10 18 J < <10 <10 87 <10 18 J < <10 < <10 37 J < <10 < J < <10 <10 59 <10 48 J < <10 <10 49 <10 33 J < <10 <10 98 <10 42 J < <10 < <10 54 J <20 <0.01 <10 <10 1 <10 16 J < <10 <10 99 <10 36 J < <10 <10 65 <10 31 J < <10 <10 83 <10 51 J < <10 <10 87 <10 42 J < <10 < J < <10 <10 39 <10 15 J < <10 < <10 40 J < <10 <10 81 <10 47 J < <10 < <10 21 Comments: **CORRECTED COPY FOR Au-AA23 ON SAMPLES G G AND Au-GRA21 ON SAMPLES G G274841**

333 Appendix E: Quality Control / Quality Assurance

334 i QUALITY CONTROL / QUALITY ASSURANCE i. Chain of Custody All samples were packed in rice sacks and sealed with uniquely-numbered non-resealable security straps. Rice sacks were trucked to ALS Minerals Ltd. in North Vancouver, an ISO 9001 registered laboratory. ALS Minerals reported that all bags were received in good condition, with all security straps intact, and with no evidence of tampering. Standards Standard reference materials (SRM) are inserted into the sample stream to gauge the accuracy of the lab s analyses. Two SRM s are in use; CDN-GS-P7B and CDN-GS-8A. The means and standard deviations established during round robin standard certification are used for calculating warning and c ontrol limits. Warning limits are set at the mean ±2 standard deviations (σ) and control limits are set at ±3σ. Any single SRM beyond the upper and lower control limits is deemed a failure and consecutive standards on the same certificate exceeding the warning limits are also deemed failures. Table 11: Standards Data Standard Standard Name Au (g/t) St Dev (g/t) Ag St Dev (g/t) Standard 1 CDN-GS-P7B Standard 2 CDN-GS-8A N/A N/A Shewhart charts which plot concentration versus sample sequence are attached below. By plotting the z-score, multiple SRM s can be displayed for each element; the z-score levels the mean and standard deviation for each SRM so that warning limits are indicated by a z-score of ±2 and control limits are indicated by a z-score of ±3. No standards have failed for Au analyses (Au-AA23) and data available for Ag are similar. There appears to be a slight low bias on the earlier samples returned and the latest samples (certificate TR and TR ) and a m oderate high bias for the samples from certificates TR , 416 and TR , for the higher grade standard A stronger bias may reflect accuracy of the Au-AA23 method at higher concentrations. Samples returning greater than 1 g/t Au are re-assayed using Au- GRA Z-score Au Z-score Standard1 Standard2 Z-score_Au 10 per. Mov. Avg. (Z-score_Au) Certificate