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Lynx Lake

Resources:

Co
Cu
Ni
Ag

NI 43-101 Technical Report

Nicholas Rodway, P. Geo, director of the Company, supervised the preparation of the technical information and is a qualified person as defined by National Instrument 43-101. As a director, Mr. Rodway is not independent from the Company.

Location and Infrastructure

The Lynx Lake Property encompasses 240 square kilometres and is located in southern

Labrador, approximately 1OO km southeast of Happy Valley-Goose Bay. The Property can be accessed along the Trans-Labrador Highway, a 1.5 hour drive from Happy Valley-Goose Bay. A three phase powerline runs directly adjacent to the property allowing access to power upon mining advancement.

Previous Work

The majority of the historical work has been completed by local prospectors. The work included grab sampling and a localized hand held electromagnetic survey. Most of the work has been carried out in two large quarry pits excavated by the Department of Transportation during construction of the highway.

Mineralization

Prior to the construction of the Trans-Labrador Highway, there was little to no exposure on the property. Now due to excellent accessibility and new discoveries of mineralization in bedrock, the property has great exploration potential.

Grab samples from gossanous areas of the eastern rock pit have yielded assays up to 1.39% Cu, 0.94% Co, 0.21% Ni , 6.5g/t Ag and 0.23% V. Veins of massive sulfi de can be seen throughout these areas. Samples from the western pit yielded 1.03% Cu, 0.566% Co, 0.1% Ni and 5.0 g/t Ag. Molybdenite and Bismuth have also been discovered in the western area of mineralization yielding 0.392% Mo and 112ppm Bi.

A historic hand held EM survey carried out by previous owners has indicated strong conductors present in the subsurface in several areas of the property. This property has great potential as an exploration target for an economic Cu-Co-Ni magmatic or Iron Oxide Copper Gold type deposit

Geology

The property lies within the Proterozoic terrane of the Grenville Province. The western part of the property is underlain by granitic orthogneiss that varies in composition from granite to granodiorite and varies texturally from merely foliated to well-banded gneiss. The eastern part of the property, seperated by a northeasterly trending fault, is underlain by granitoids and amphibolitic units with massive gabbro, norite and troctolite throughout.

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