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TECHNICAL REPORT ON THREE GOLD EXPLORATION PROPERTIES PICKLE LAKE AREA, , CANADA FOR MANICOUAGAN MINERALS INC.

By: G.A. Harron, P.Eng. Effective Date: August 31, 2009 Signing Date: October 13, 2009

G.A. Harron & Associates Inc. 133 Richmond St. West, Suite 501, , Ontario, M5H 2L3, Canada Tel.: 416-865-1060 Manicouagan Minerals, Three Gold Exploration Properties, Ontario

TABLE OF CONTENTS

page 1.0 Summary ...... 1 2.0 Introduction and Terms of Reference ...... 6 3.0 Reliance on Other Experts ...... 9 4.0 Properties Descriptions and Locations ...... 10 4.1. Dorothy-Dobie Lakes Property ...... 12 4.2. Kasagiminnis Property ...... 12 4.3. Pickle Lake East Property ...... 12 5.0 Accessibility, Climate, Local Resources, Infrastructure and ...... Physiography ...... 20 5.1. Dorothy-Dobie Lakes Property ...... 21 5.2. Kasagiminnis Property ...... 21 5.3. Pickle Lake East Property ...... 21 6.0 Exploration History ...... 22 6.1. Historical Exploration Dorothy-Dobie Lakes Property ...... 22 6.2 Historical Exploration Kasagiminnis Property ...... 26 6.2. Historical Exploration Pickle Lake East Property ...... 29 7.0 Geological Setting ...... 33 7.1. Regional Geology of the Meen-Dempster Greenstone Belt ...... 34 7.1.1 Geology of Dorothy–Dobie Lakes Property ...... 37 7.1.2 Regional Geology of Kasagiminnis Property ...... 46 7.2. Regional Geology Pickle Lake Greenstone Belt ...... 49 7.2.1 Property Geology Pickle Lake East ...... 53 8.0 Deposit Models ...... 54 9.0 Mineralization ...... 55 10.0 Exploration ...... 56 11.0 Drilling ...... 57 12.0 Sampling Method and Approach ...... 58 13.0 Sample Preparation, Analysis and Security ...... 59 14.0 Data Verification ...... 60 15.0 Adjacent Properties ...... 61 16.0 Mineral Processing and Metallurgical Testing ...... 63 17.0 Mineral Resource and Reserve Estimates ...... 64 18.0 Other Relevant Data and Information ...... 65 19.0 Interpretation and Conclusions ...... 66 20.0 Recommendations ...... 68 21.0 References ...... 70 22.0 The Date and Signature Page ...... 73 23.0 Certification ...... 74

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LIST OF FIGURES

page Figure 2.1 General Location Map Pickle Lake Area Properties...... 7 Figure 4.1 Property Locations and Access Map...... 11 Figure 4.2 Dorothy-Dobie Lake Property Location ...... 13 Figure 4.3 Kasagiminnis Property Location ...... 14 Figure 4.4 Pickle Lake East Property Location ...... 15 Figure 6.1 Compilation Dorothy-Dobie Property ...... 23 Figure 6.2 Compilation Kasagiminnis Property ...... 28 Figure 6.3 Compilation Pickle Lake East Property ...... 30 Figure 7.1 Pickle Lake Area Tectonic Assemblages ...... 35 Figure 7.2 Regional Geology Meen-Dempster Belt ...... 36 Figure 7.3 Dorothy-Dobie Magnetic/EM Data ...... 39 Figure 7.4 Dorothy Main and West Zones Dorothy-Dobie Property ...... 41 Figure 7.5 Tonsil Prospect Longitudinal Section Dorothy-Dobie Property ...... 43 Figure 7.6 Dobie, North Dobie and Spike Drill Hole Plan View Dorothy ...... Dobie Property ...... 45 Figure 7.7 Compilation Kasagiminnis Property ...... 48 Figure 7.8 Kasagiminnis Property and Magnetic Data ...... 50 Figure 7.9 Regional Geology East Pickle Lake Area ...... 51

LIST OF TABLES

page Table 4.1 List of Claims ...... 16 Table 6.1 Historical Exploration Dorothy-Dobie Property ...... 24 Table 6.2 Historical Exploration Kasagiminnis Property ...... 26 Table 6.3 Past-Producing Gold Mines, Pickle Lake Area ...... 31 Table 6.4 Historical Exploration on the Pickle Lake East Property ...... 32 Table 20.1 Proposed Phase 1 Budget ...... 68 Table 20.2 Proposed Phase 2 Budget ...... 69

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1.0 SUMMARY

On April 16, 2009, Manicouagan Minerals Inc. (“Manicouagan” or the “Corporation”) entered into an agreement with Trillium North Minerals Ltd. pursuant to which the Corporation can earn up to a 70% interest in three gold exploration properties in the Pickle Lake area, (Patricia) Mining Division, Ontario.

Manicouagan can earn an initial 51% interest in the three properties by spending $ 1 million in aggregate on the properties over the next three years, of which a minimum of $ 250,000 must be spent in year one of the agreement. After earning a 51% interest, Manicouagan can increase its interest to 70% by financing the next $ 1.5 million of expenditures in aggregate on the properties, at which time a joint venture agreement will be initiated. If either party is diluted to a 10% interest or less, its interest in the properties and the joint venture will convert to a 2% Net Smelter Return royalty (“NSR”). The remaining party will have the option of acquiring half of the NSR by paying the sum of $ 1 million.

Portions of the Dorothy-Dobie Property and all of the Kasagiminnis Property are subject to underlying option agreements with a single vendor. To maintain both of the underlying agreements in good standing, Manicouagan has paid $ 45,000 to the vendor. To maintain both the underlying agreements and the agreement with Trillium North in good standing, Manicouagan will have to make an additional payment of $ 45,000 to the vendor, on or before April 15, 2010.

The underlying option agreements also provide the vendor with a 2% NSR on fifteen optioned claims, of which one half can be acquired for $ 1 million. The Dorothy-Dobie Lake Property and the Kasagiminnis Property are each subject to advance royalty payments of $ 50,000 per year commencing April 30, 2012.

The Dorothy-Dobie Lakes Property consists of a contiguous block of 17 staked claims comprised of 176 units covering a nominal 2,816 ha in the Dorothy, Dobie and Meen Lake areas. This block ties onto the western end of the historical Golden Patricia Mine property and extends for approximately 11km to the northwest covering the projected strike extension of the favourable structure. The claims are in good standing as of the date of this report, with the nearest due date of June 20, 2010.

The Kasagiminnis Lake Property consists of 3 contiguous staked mining claims comprised of 47units covering a nominal 452 ha in the Little Ochig Lake area.The claims are currently in good standing with a nearest due date of September 30, 2009.

The Pickle Lake East Property adjoins the northeastern terminus of the historical Pickle Crow Mine Property currently being explored by PC Gold Inc. The property

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario consists of 21 contiguous staked claims comprised of 292 claim units covering 4,672 ha. The claims are currently in good standing with the nearest due date of February 5, 2010.In total the three gold exploration properties (Dorothy-Dobie Lakes, Kasagiminnis, and Pickle Lake East) consist of 41 claims comprised of 514 units covering 8,224 ha.

The Dorothy-Dobie Lakes Property is accessible by chartered aircraft from Pickle Lake (70 km east), or Slate Falls (a distance of approximately 40 km to the southwest of the property). Wheeled aircraft can access the air strip at the Golden Patricia Mine, with the permission of Barrick Gold Corporation. Access to some parts of the property will require helicopter transport.

The eastern boundary of the Kasagiminnis claim block is approximately 9 km west of highway 599 in the vicinity of a Mishkeegogamang First Nation Settlement. A winter road extends from highway 599 to Kasagiminnis Lake and provides seasonal access. Alternatively fixed wing and helicopters can be used to provide year round access.

The southwestern end of the Pickle Lake East claim block is accessible from the Pickle Crow Mine road that extends eastward from highway 599 in Central Patricia. Permission to cross PC Gold Inc. claims is required to access the Manicouagan property. The bulk of the claim group is too wet for summer work. Skidoo access in winter is preferred.

The Meen-Demptster greenstone belt (“M-DGB”) and the adjoining Pickle Lake greenstone belt (“PLGB”) host the three gold exploration properties. Both greenstone belts are located on the southern margin of the North Caribou terrane within the Uchi domain. Rocks within the Uchi domain greenstone belts display petrochemical characteristics of arc and back-arc volcanism.

The northern half of the M-DGB is underlain by the Kaminiskag assemblage of predominantly massive to pillowed tholeiitic basalt containing at least two banded iron formation horizons, as well as numerous thin units of dacitic to rhyolitic tuff or lapilli tuff. The past-producing Golden Patricia Mine exploited a narrow very high grade gold-bearing quartz vein hosted in this formation. Similarly the Kasagiminnis deposit and the Hasaga deposit are also hosted in the Kaminiskag assemblage.

The Confederation assemblage which overlies the Kaminiskag assemblage to the south is a sequence of monolithic pyroclastic deposits that is largely dacitic in composition. The rocks of the Meen assemblage are unconformably overlain by rocks of the Confederation assemblage.

The Confederation assemblage in the M-DGB can be subdivided into two bimodal volcanic cycles referred to as the Dempster (Cycle 1) and Bancroft (Cycle 2) both consisting of dacitic pyroclastic rocks overlying massive to

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario pillowed mafic volcanic rocks. The Confederation assemblage rocks are intruded by a number of mafic intrusions, including the Kawashe, Kawinogans and Dempster gabbros The Confederation assemblage rocks are unconformably overlain to the south by the sedimentary Billett assemblage rocks (brownish-grey feldspathic wacke and shale) (Stott, 1996).

The most prominent structural feature of the northern half of the M-DGB is the Bear Head Fault Zone (“BHFZ”). This northwest striking dextral transcurrent fault forms an approximately 1 km wide deformation zone that follows the northern margin of the belt and displays a close spatial association with gold mineralization. Stratigraphy and foliation in the belt are generally subparallel, steeply northward dipping with strike directions ranging from approximately northwest in the western portion of the belt to east-northeast in the eastern portion of the belt.

Stratigraphy and foliation in the M-DGB are generally sub parallel, steeply northward-dipping with strike directions ranging from approximately northwest in the western part east in the central part and east-northeast in the eastern part of the belt. Major fold structures are absent. However a large array of major fold structures is recognized in the PLGB, particularly in the vicinity of potentially economic gold mineralization.

The M-DGB claims hosts six historical gold occurrences and deposits, along strike from the past-producing Golden Patricia Mine. The significant occurrences and deposits are named from northwest to southeast, Cooper (or West) Zone, Dorothy Main Zone, Tonsil Lake, Spike Zone, North Dobie Zone and Dobie Zone.

The PLGB is an approximately 70 km long by 25 km wide area of Mesoarchean age supracrustal rocks subdivided into three (tectono-stratigraphic) assemblages (Pickle Crow, > 2860 Ma; Kaminiskag, ~2836; Confederation ~2744. The northwest-facing Pickle Crow assemblage dominates the northwestern part of the PLGB. It comprises mainly massive to pillowed basalt flows intercalated with thin laterally continuous banded iron formation and small discontinuous lenses of intermediate volcanic rocks, all of which are intruded by semi-concordant quartz- feldspar porphyry dykes of various ages.

Exploration activities during the 1970s and 1980s resulted in the discovery of two significant gold deposits covered by the current claims of the Dorothy-Dobie property and one deposit on the Kasagiminnis property. Summary details of the deposits are listed in the following table.

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Deposit / Zone Tonnes Grade Au Year Reference (g/t) Dorothy Main 236,000 6.17 1990 Seim, 1993 Dobie Lake 301,000 5.50 1987 Seim, 1993 Kasagiminnis 2,600,000 4.79 1988 Blackburn et. al. 1989 Lake

The reader is cautioned that the Corporation has not undertaken any independent investigation of the dimensions, quantity or grade of the gold mineralization referred to in the above table, therefore the historical data should not be relied upon. At best the Corporation views this historical data as a conceptual indication of the potential size and grade of the gold deposits in the area, and this data is relevant to ongoing exploration efforts. The reader is further cautioned that the information in this section is not necessarily indicative of the mineralization on the property that is the subject of this technical report.

In May 2009, Manicouagan contracted Geo Data Solutions Inc. to complete a high density AMAG survey over the Kasagiminnis Lake (25 m line spacing) and the Pickle Lake East (50 m line spacing) properties. Data from these surveys have been analyzed to help recognize fault structures and lithologies.

In May 2009, Manicouagan commissioned SRK to complete an interpretation of AMAG data in the public domain that covered both the M-DGB and a part of the PLGB covering the Pickle Lake East and Dona Lake areas. The interpretation validated the locations of current claims as gold mineralization target areas, and suggested additional off property target locations.

Manicouagan is planning to implement portions of the Phase 1 exploration program in the third quarter of 2009 (see section 19.0).

The author is of the opinion that the historical exploration results suggest an excellent potential to discover additional gold mineralization and justify additional exploration expenditures. A Phase 1 proposed exploration budget of $ 800,000 is proposed to support the proposed work program. Activities include collection of historical data, data compilation and a modest 2,000 m drill program on the Dorothy Dobie Property. Similarly a program of historical data collection, prospecting and data compilation are proposed for the Kasagiminnis Property. The Pickle East Property will be covered with an IP/RES survey in order to identify prospective targets.

A Phase 2 proposed budget is partly contingent upon favourable results being obtained in the Phase 1 program. A proposed budget of $3,000,000 is proposed

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario to allow for the proposed work program. The objective of diamond drilling portion of the work program and budget would be to further define gold mineralization found on the properties with a view towards identifying indicated and measured resources. The geological mapping and geochemical surveying portions of the budget would focus on the discovery of new gold occurrences. In aggregate a $3,800,000 expenditure is envisaged in 2009-2010.

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2.0 INTRODUCTION AND TERMS OF REFERENCE

At the request of Mr. Joseph Baylis, President of Manicouagan Minerals Inc. (“Manicouagan” or the “Corporation”), G.A. Harron & Associates Inc. (“GAHA”) has been contracted to prepare a Technical Report on three gold exploration properties, located in Pickle Lake area, Patricia Mining Division, Ontario, as of August 31, 2009 (Figure 2.1). GAHA was also requested to qualify the proposed exploration programs and budgets for the on-going development of the property. The property is considered to be at an “advanced” stage of exploration, as diamond drilling is proposed on the Dorothy-Dobie Property. The properties are material to the Manicouagan as they represent a new focus on gold exploration for the Corporation.

Manicouagan is a reporting issuer listed on the TSX Venture exchange and be under the jurisdiction of the Ontario Securities Commission. It is understood that this report will be used to provide disclosure to the Manicouagan Board of Directors and to support the corporation’s financing efforts.

This technical report is to conform to National Instrument 43-101 standards. Terms of engagement are in a letter from GAHA to Manicouagan dated July 4, 2009.

Prior to this assignment GAHA has provided technical services to the Corporation on two occasions. The first being a co-author of “Technical Report on the Brabant Lake Property, Saskatchewan, Canada for Manicouagan Minerals Inc., dated September 15, 2006”. GAHA also co-authored “Second Technical Report on the Brabant Lake Property, Saskatchewan, Canada for Manicouagan Minerals Inc., dated September 12, 2008”.

The author is familiar with the general area through involvement in several exploration programs in the region on behalf of other companies. The most recent visit to the Pickle Lake East Property was on July 26 and 27, 2006. The objective was to assess the mineral potential of one the property by observing the geological attributes of the property. The presence of abandoned exploration and mining infrastructure is taken as proof that gold mineralization is present in the area.

The information herein is derived from a review of documents listed in the Section 21.0, information provided by the Ontario Ministry of Northern Development and Mines (“MNDM”), and private files maintained by GAHA. Considerable use was made of press Releases issued both by Manicouagan and other parties.

There were no limitations put on the author by Manicouagan management in preparation of this report with respect to technical information.

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Figure 2.1 General Location Map Pickle Lake Area Properties

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario

This report contains details of the land tenure, a summary of previous exploration and development work, a compilation and synthesis of geology, geophysics and historical assay data. The report also contains recommendations for further exploration and development of the property.

Cost data used to create proposed budgets to support the proposed work programs are based on a general knowledge of current costs, as experienced by the author on other projects in the Province of Ontario over the past 12 months.

Metric units of measure are used in this report. References to dollars in the report are to Canadian currency, unless otherwise indicated.

The following list shows the meaning of the abbreviations for technical terms used throughout the text of this report.

Abbreviation Meaning AEM airborne electromagnetic (survey) AMAG airborne magnetic (survey) As arsenic Au gold cm centimetre DDH diamond drill hole FA-ASS Fire assay-atomic absorption spectroscopy g gram Ga billion years g/t grams per tonne ha hectare(s) HLEM horizontal loop electromagnetic (survey) IP/RES induced polarization / resistivity (survey) km kilometre(s) m metre(s) MAG magnetic (survey) mm millimetre ppb part per billion ppm part per million U/Pb uranium / lead (age date) VLF-EM very low frequency electromagnetic (survey)

The prefix “meta-” has been omitted from the words metasediment and metavolcanic for the sake of brevity and readability. It is to be understood that all of the supracrustal Precambrian age rocks in the Superior Province exhibit sub greenschist to amphibolite facies metamorphism.

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3.0 RELIANCE ON OTHER EXPERTS

GAHA has prepared the entire report based upon information believed to be accurate at the time of certification, but which is not guaranteed. The author has relied on two principle sources of information for the data contained in this report. Government assessment and geological reports are the first source of data. The author therefore relies on the completeness and accuracy of these public domain documents.

The second source of information is historical press releases issued by previous optionors and other corporations working on adjacent lands, which provide more recent exploration data. Therefore in writing this technical paper the author relies on the truth and accuracy of the data presented in these source documents.

Land tenure information has been obtained from the Ontario MNDM web site, which contains a disclaimer as to the veracity of the data. In addition the existence and validity of any un-registered agreements between parties are not reflected in the MNDM land management system records. GAHA relies on representations of Manicouagan management that the Corporation has the mining claims under option.

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4.0 PROPERTIES DESCRIPTIONS AND LOCATIONS

On April 16, 2009, Manicouagan entered into an agreement with Trillium North Minerals Ltd. pursuant to which the Corporation can earn up to a 70% interest in three gold exploration properties in the Pickle Lake area, Kenora (Patricia) Mining Division, Ontario (Figure 4.1).

Manicouagan can earn an initial 51% interest in the three properties by spending $ 1 million in aggregate on the properties over the next three years, of which a minimum of $ 250,000 must be spent in year one of the agreement. After earning a 51% interest, Manicouagan can increase its interest to 70% by financing the next $ 1.5 million of expenditures in aggregate on the properties.

Once the Corporation has earned its 70% interest a joint venture will be formed. Dilution is provided for if a party fails to finance its pro rata share of joint venture expenditures. If either party is diluted to a 10% interest or less in the properties and the joint venture will convert to a 2% net smelter return royalty (“NSR”). The remaining party will have the option of acquiring one half of the NSR for $ 1,000,000.

The agreement also provides for a 1 km area of interest for the Dorothy-Dobie Lakes Property and a 1.6 km area of influence for the Kasagiminnis Property.

Portions of the Dorothy-Dobie Lakes Property and all of the Kasagiminnis Property are subject to underlying option agreements with a single vendor. To maintain both of the underlying agreements in good standing, Manicouagan has paid $ 45,000 to the vendor. To maintain both the underlying agreements and the agreement with Trillium North in good standing, Manicouagan will have to make an additional payment of $ 45,000 to the vendor, on or before April 15, 2010.

The underlying option agreements also provide the vendor with a 2% NSR, applicable to 15 claims, of which one half can be acquired for $ 1 million. The Dorothy-Dobie Lake Property and the Kasagiminnis Property are each subject to advance royalty payments of $ 50,000 per year commencing April 30, 2012.

Manicouagan has also agreed, subject to regulatory approval, to issue 250,000 common share purchase warrants to Trillium North concurrent with its next equity financing. When issued the warrants will have an exercise price equivalent to those warrants issued in connection with the next equity financing completed by the Corporation and will have a two year term.

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Figure 4.1 Property Locations and Access Map

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4.1. DOROTHY-DOBIE LAKES PROPERTY The Dorothy-Dobie Lakes Property consists of a contiguous block of staked claims (Figure 4 2). The block consists of 15 optioned and two staked claims comprised of 176 units covering a nominal 2,816 ha in the Dobie and Meen Lake areas. This block ties onto the western end of the historical Golden Patricia Mine Property and extends for approximately 12 km to the northwest covering the projected strike extension of the favourable structure. The claims are in good standing as of the date of this report, with the nearest due date of June 20, 2010.

4.2. KASAGIMINNIS PROPERTY The Kasagiminnis Lake Property (Figure 4.3) consists of 3 contiguous staked mining claims comprised of 47units covering a nominal 452 ha in the Little Ochig Lake area, approximately 5.6 km west of the western boundary of the Mishkeegogamang (Osnaburgh 63-B) First Nation settlement. Provincial highway 599 traverses the First Nation lands and is located approximately 9 km east of the Kasagiminnis Property. The claims are currently in good standing with a nearest due date of September 30, 2009.The application of additional assessment credits is pending.

4.3. PICKLE LAKE EAST PROPERTY The Pickle Lake East property (Figure 4.4) adjoins the northeastern terminus of the historical Pickle Crow Mine Property, currently being explored by PC Gold Inc. The property consists of 21 contiguous staked claims comprised of 292 claim units covering 4,672 ha. The claims are currently in good standing with the nearest due date of February 5, 2010.

In total the three gold exploration properties consist of 41 claims comprised of 514 claim units covering 8,224 ha.

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Figure 4.2 Dorothy-Dobie Lake Property Location

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Figure 4.3 Kasagiminnis Property Location

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Figure 4.4 Pickle Lake East Property Location

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Table 4.1 List of Claims

Area Claim Units Due Date Work Total Reserve Ownership No. (d/m/y) Req'd ($) App'd ($) ($)

Dorothy – Dobie Lakes Dobie 3008539 4 21/06/2011 1,600 8,000 0 Trillium North Lake 4207745 6 20/06/2011 2,400 9,600 335 Trillium North 4207746 3 20/06/2010 1,200 3,600 0 Trillium North 4212124 16 02/08/2010 6,400 12,800 111,735 Trillium North 4212125 9 02/08/2010 3,600 7,200 0 Trillium North 4251144 14 02/07/2011 5,600 0 0 R.D. Bjorkman 4251145 9 02/07/2011 3,600 0 0 R.D. Bjorkman Meen 3008435 16 26/04/2011 6,400 32,000 480 Trillium North Lake 3008541 10 21/06/2010 4,000 16,000 0 Trillium North 4212116 8 02/08/2010 3,200 6,400 0 Trillium North 4212117 8 02/08/2010 3,200 6,400 0 Trillium North 4212118 16 02/08/2010 6,400 12,800 0 Trillium North 4212119 4 02/08/2010 1,600 3,200 0 Trillium North 4212120 16 02/08/2010 6,400 12,800 0 Trillium North 4212121 16 02/08/2010 6,400 12,800 0 Trillium North 4212122 16 02/08/2010 6,400 12,800 0 Trillium North 4212123 4 02/08/2010 1,600 3,200 0 Trillium North

Sub total 17 175 70,400 159,200 112,550 Dorothy – (2,800 ha) Dobie Lakes

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Area Claim Units Due Date Work Total Reserve Ownership No. (d/m/y) Req'd ($) App'd ($) ($)

Kasagiminnis Little 4207793 16 30/09/2009 12,800 6,400 0 Trillium North Ochig

Note 1 4207794 15 30/09/2009 12,000 6,000 1,348 Trillium North 4207795 16 30/09/2009 12,800 6,400 0 Trillium North

Sub total 3 47 37,600 18,800 1,348 Kasagim- (752 ha) innis

Pickle Lake East First Loon 4224328 16 05/02/2010 6,400 0 0 Trillium North Lake 4224330 10 05/02/2010 4,000 0 0 Trillium North 4230026 16 05/02/2010 6,000 0 0 Trillium North 4230027 16 05/02/2010 6,400 0 0 Trillium North 4230028 16 05/02/2010 6,400 0 0 Trillium North 4230029 16 05/02/2010 6,400 0 0 Trillium North 4230030 16 05/02/2010 6,400 0 0 Trillium North 4230031 16 05/02/2010 6,400 0 0 Trillium North 4230032 16 05/02/2010 6,400 0 0 Trillium North 4230033 16 05/02/2010 6,400 0 0 Trillium North 4230034 16 05/02/2010 6,400 0 0 Trillium North 4230035 16 05/02/2010 6,400 0 0 Trillium North 4230036 16 05/02/2010 6,400 0 0 Trillium North 4230037 16 05/02/2010 6,400 0 0 Trillium North McCullagh 4224322 7 05/02/2010 2,800 0 0 Trillium North 4224323 2 05/02/2010 800 0 0 Trillium North 4224324 7 05/02/2010 2,800 0 0 Trillium North

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Area Claim Units Due Date Work Total Reserve Ownership No. (d/m/y) Req'd ($) App'd ($) ($)

4224325 10 05/02/2010 4,000 0 0 Trillium North 4224326 16 05/02/2010 6,400 0 0 Trillium North 4224327 16 05/02/2010 6,400 0 0 Trillium North 4224329 16 05/02/2010 6,400 0 0 Trillium North

Sub total 21 292 224,400 0 0 Pickle (4,672 ha) Lake East

Grand 41 515 332,400 178,000 113,898 Total (8,240 ha)

Note 1 All three claims 4207793 – 795 are “on extension of time”

In Ontario land tenure is maintained by completing $400 of “assessment work” per claim unit annually, commencing in the second year after recording. Excess work credits can be “banked” and applied to subsequent annual work requirements. The above table indicates that $218,502 of expenditures is required to advance tenure of all the claims by one year.

On the Dorothy-Dobie Lakes Property $ 70,400 of exploration expenditures are required to maintain tenure of all the claims for one year beyond their expiry date. The amount of $ 112,550 is held in reserve and $70,400 can be applied to satisfy the requirement. Expenditure amounts held in reserve cannot be applied to claims 4251144 and 4251145, as the claims were staked after the exploration work that generated the credits was completed.

On the Kasagiminnis Property the claims are held under an “extension of time” and $37,600 of exploration expenditures is required to maintain tenure of all the claims for one year beyond their expiry date of September 30, 2009. A total of $ 1,348 is held in reserve and can be applied to supplement the current requirement. A total of $ 36,252 of new assessment credits need to be generated to extend the tenure for an additional year. As of the date of this report sufficient assessment work credits have been filed to meet the assessment requirements.

On the Pickle Lake East Property $ 116,400 of exploration expenditures are required to maintain tenure of the claims for one year beyond their expiry date, of

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario which $ 0 are held in reserve. An analysis of the assessment work requirements also indicates that $ 17,452 of. Expenditures on the Dorothy-Dobie Lakes Property are not required until June 20, 2010 at the latest. Expenditures on the Pickle Lake East Property are not required to be filed by February 5, 2010 at the latest.

Memorandums of Understanding agreements have not yet been negotiated with the nearest First Nation Communities. However the dialogue has commenced with the Cat Lake, Slate Falls and Mishkeegogamang .

To the writer’s knowledge there are no current or pending challenges to ownership of the lands, as revealed by examining claim abstracts maintained by the Ministry of Northern Development and Mines.

Manicouagan management warrants that the Corporation has not received from any government authority any notice of, or communication relating to, any actual or alleged breach of any environmental laws, regulations, policies or permits.

Permits issued by Provincial and Federal Government ministries are not required in order to execute preliminary exploration activities on the land portion of the properties. Diamond drilling on the frozen lake ice, if undertaken will require a permit issued by the Ontario Ministry of Natural Resources. This permit may be required in future exploration programs.

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5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY

The three properties are located within portions of the Mishkeegogamang First Nation traditional lands. Portions of the Dorothy-Dobie Lakes Property fall within the Cat Lake and Slate Falls land use planning area. Exploration companies conducting activities on these traditional lands are requested to participate in the creation of a Memorandum of Understanding prior to commencing exploration activities, and follow up with a Benefits and Impact Agreement prior to commencing mine development. Ongoing consultation with local communities is also recommended.

The villages of Pickle Lake and neighbouring Central Patricia are the centre of commercial activity in the area. Amenities available in these villages include groceries, fuel, telecommunications, hotel accommodation and charter aircraft services.

Access to southern parts of Ontario is via Highway 599 which extends southwest from Central Patricia through to join Highway 17 at , a distance of 292 km. Commercial trucking is well organized and provides adequate service throughout the area. Savant Lake is 142 km south of Central Patricia and provides access to rail transport. Central Patricia is well endowed with hydroelectric power generated at Rat Rapids on the Albany River.

The major population center in the area is , 235 km southeast of Ignace. This city provides significant cultural, social, commercial, educational and medical facilities in northwestern Ontario. Goods and services relevant to minerals exploration and mine production are readily available in Thunder Bay.

Elevations on the Dorothy-Dobie Lakes Property are generally within a 10 m range from 400 to 419 m above sea level, while elevations on the Kasagiminnis Property are generally in the range of 400-410 m asl range. The Pickle Lake East Property is somewhat lower in elevation, generally in the 340-360 m asl range.

The prevailing climatic conditions are typical of the northern Boreal forest, with cold winter months and warm summer months lasting from June through September. Weather conditions allow exploration activities such as diamond drilling and geophysical surveys to be conducted year-round.

The properties have the sufficiency of surface rights for future exploration or mining operations including potential tailings storage areas, potential waste disposal areas, heap leach pad areas and potential processing plant sites.

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5.1. DOROTHY-DOBIE LAKES PROPERTY This property is accessible by chartered aircraft from Pickle Lake (70 km east), or Slate Falls (a distance of approximately 40 km to the southwest of the property). Wheeled aircraft can access an air strip at the Golden Patricia Mine, with the permission of Barrick Gold Corporation. Access to all parts of the property will require helicopter transport from a central camp facility. Servicing the camp will require fixed wing aircraft support. In winter time access to the airstrip and other parts of the property can be achieved using a winter road extending from Pickle Lake. An electric power line that once connected the Golden Patricia Mine to the provincial hydro electric grid at Central Patricia sill exists. This utility could be re- activated if required.

5.2. KASAGIMINNIS PROPERTY The eastern part of the claim block is approximately 9 km west of highway 599 in the vicinity of a Mishkeegogamang First Nation Settlement. Access options for this property located approximately 26 km south-southwest of Pickle Lake include fixed wing float equipped and helicopter aircraft. The electric power line referred to in the previous section also passes within a few km of this property and could be extended to this property if required. The nearest commercial centre to this property is Central Patricia - Pickle Lake.

5.3. PICKLE LAKE EAST PROPERTY The southwestern end of the claim block is accessible from the Pickle Crow Mine road that extends eastward from highway 599 in Central Patricia. The bulk of the claim group is too wet for summer exploration, and winter skidoo access to the various corners of the claim group is preferred.

Creeks and bogs on the properties display disorganized drainage patterns typical of the Canadian Shield and flow into the Crow River, which in turn flows into the Attawapiskat River and onward to James Bay. Low rounded glacially sculpted ridges with a an average relief of 5-10 m trending northeast mimic the bedrock structural fabric and are separated by extensive open swamps.

On the Pickle Lake East Property the effects of forest fires 10-15 years ago are evident. Green bush is generally secondary growth of mixed deciduous and coniferous trees naturally reforesting lands cut over for steam boiler fuel in the early years of the camp.

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6.0 EXPLORATION HISTORY

Mineral exploration in the central part of the Uchi sub-province began in 1928 with the discovery of gold mineralization near the Pickle Crow Mine. About the same time prospectors in the Bamaji Lake area discovered quartz veins hosted in granite which carried pyrite, chalcopyrite, pyrrhotite, sphalerite, molybdenite and galena (Harding, 1936). In 1933 prospecting in the Meen and Kasagiminnis Lake areas discovered minor quantities of visible gold. In the 1940’s through the 1960’s minimal exploration is recorded in the area, except for the discovery of the Koval-Ohman gold deposit at Bancroft Lake. Hasaga Gold Mines Ltd optioned the property and drill defined a small potentially economic gold deposit. In the late 1960’s and early 1970’s the area was subject to a period of base metal exploration with the discovery of the Thierry Ni-Cu deposit at Pickle Lake, the Mattabi base metal massive sulphide deposit at Sturgeon Lake and other similar deposits in the Confederation Lakes area. Selco conducted airborne AMAG and AEM surveys in the areas of Meen Lake and Kasagiminnis Lake and Union Miniere Explorations completed airborne geophysical surveys over a larger area, with follow-up diamond drilling.

Interest in gold mineralization was revived in the Meen Lake to Kasagiminnis Lake area in the 1980’s, and resulted in the discovery of the Golden Patricia deposit and several other significant occurrences. In the 1990’s to the present the level of gold exploration has diminished and only a few exploration companies remain active in the area.

It should be noted that not all drill logs, assay record files and assay certificates have been filed for assessment credits and are therefore not in the public domain. Assay results present in this report are derived from available public data only.

Additional details of historical exploration work can be found in Puumala, M.A., (2009), and Seim, G.W., (1993).

6.1. HISTORICAL EXPLORATION DOROTHY-DOBIE LAKES PROPERTY This property hosts six significant gold occurrences extending northwest along strike from the past-producing Golden Patricia Mine (the Golden Patricia trend): (Cooper/West Zone, Dorothy Main Zone, Tonsil Lake Zone, Spike Zone, Dobie Zone and North Dobie Zone) (Figure 6.1).

Diamond drilling performed on the Dorothy deposit in the period 1987-1988 by Umex and later by Major General Resources (10,050 m) focused on the Main and West zones. The Main Zone is comprised of multiple vein systems within a diorite intrusive and the West Zone is hosted in mafic volcanic rocks. Both gold

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario zones are located within the same major shear zone structure accompanied by a 50 m wide alteration envelope. Gold mineralization in the Main Zone is associated with intense silicification, quartz veining and pyrrotite-pyrite concentrations up to 10%. Gold mineralization in the West Zone is accompanied by pervasive carbonatization and quartz veining. Diamond drilling in West Zone in 1988 (DDH #DR 88-34) returned a best assay of 13.7 g/t Au over 1.5 m, and Figure 6.1 Compilation Dorothy-Dobie Property

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario drilling in the Main Zone in 1988 returned a best assay of 472.8 g/t Au over 0.5 metres. Historical diamond drilling outside of the Dobie Main Zone indicates the presence of 2 additional gold bearing structures. DDH # M86-18 drilled at the Dobie # 1 site returned 1.9 g/t Au over 3.0 m and DDH # MD88-40B in the Spike Zone returned a best assay of 5.99 g/t Au over 2.9 m.

Table 6.1 Historical Exploration Dorothy-Dobie Property

Location Year Company Activities

Dorothy Lake Dorothy Lake 1972 UMEX / INCO 3 DDHs to tests of AEM anomalies, intersected a qtz vein, a sulphidic conductor and IF Dorothy Lake 1985 UMEX Staking based on interpretation of AEM and AMAG as possible IF; relog of DDH C-97 indicates anomalous Au in qtz-tour vein Dorothy Lake 1986 UMEX Geologic mapping Dorothy Lake 1986- UMEX 47DDHs (8,356 m) testing 2.8 km 1988 shear zone; identify Main and West zones (silica, py, po, cpy). Dorothy Lake 1988- Bond Gold Geophysical surveys and 20 DDHs, 1990 maximum assay value of 19.5 g/t Au Dorothy Lake 1990 Major General Res. 7DDHs (2063.9m) on UMEX properties, “preliminary” reserve of 236,000 tonnes grading 6.2 g/t Au 1 Dorothy Lake 1994 Commander Res. HLEM survey between Dorothy and Dobie lakes. Dorothy Lake 1997 Major General Res. 55km of MAG interpreted as IF Dorothy Lake 1998 Major General Res. IP/RES survey shows coincident high chargeability and low resistivity over West and Main zones Dorothy Lake 1990 Major General Res 7 DDHs (2,064 m) Main Zone, best assay of 472.8 g/t Au/0.5 m, and 6.58 g/t Au/1.5 m

Dobie Lake Dobie Lake 1960- New Jersey Zinc Geology, trenching, DDH program 1963 focused on Golden Patricia vein, max. assay 10.97g/t Au , also 2 km

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Location Year Company Activities

SW of vein intersect 6.86 g/t Au in sulphidic IF and QFP Dobie Lake 1962 Jorsco Explorations Geology, MAG and HLEM north of east arm of Meen Lake Dobie Lake 1963 New Jersey Zinc DDH on Golden Patricia vein, max. assay 10.97g/t Au , also 2 km SW of vein intersect 6.86 g/t Au in sulphidic IF and QFP Dobie Lake 1960- Cominco Ltd. AEM survey (1978), limited ground 1980 geophysics and diamond drilling.

Dobie Lake 1960- UMEX / INCO AEM and AMAG, follow up drilling 1980 for base metals, 1 UMEX DDH on Dobie grid. Dobie Lake 1984- Duration Mines Ltd. Geology, MAG and HLEM followed 1986 by DDH on eastern arm of Meen Lake. Dobie Lake 1985 Noranda Expl,n Ltd. Geology, geochem, MAG, HLEM Dobie Lake 1985- Van Horne, Moss AEM, AMAG, Geology, DDHs, no 1986 Res., Power Expl,n assays available Dobie Lake 1984 St. Joe Canada Stake New Jersey Au showing and folded IF, underground development June 1986 Dobie Lake 1986- Bond Gold 21 DDHs (2,405m), Dobie Zone 1987 assays not reported. Dobie Lake 1987 Bond Gold 68 DDHs (6,289.5m), Define 1,100 m long narrow gold-bearing qtz vn, 301,000 tonnes, 5.5 g/t Au inferred resource1, Cooper Zone Geology only Cooper Zone 1988 Bond Gold Cooper Zone Geology, discovery Kormond # 1 Au vein, HLEM. MAG, 1989 some DDHs on Copper Grid; in 1989 HLEM and MAG on Meen Grid, IP/RES on Copper Grid.

Tonsil Lake 1990 Bond Gold MAG, HLEM, IP/RES, 62 DDHs (5,655m) deposit 1.1 km long to 200m deep.

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Location Year Company Activities

Dorothy / 2006 Cdn. Gldn Dragon AEM, AMAG, over claims Dobie Res1. prospecting Dorothy / 2007 Cdn. Gldn Dragon Collected 7 historical core samples, Dobie Res. 1 chip sample, locate historical drill collars Trillium North 2007 Cdn. Gldn Dragon 5 DDHS (659m) testing Dorothy / DDH Res1 Dobie and Tonsil gold zones, max DOR-07-005 assay 153.5 g/t Au over 0.43 m

Note 1: The Company is not treating the historical resource estimates of the Dobie Lake and Dorothy Main deposits as NI 43-101 defined resources (or reserve) verified by a qualified person and the historical resource should not be relied upon.

6.2. HISTORICAL EXPLORATION KASAGIMINNIS PROPERTY This property is approximately 55 km east of the Dorothy-Dobie Lakes Property and hosts the Kasagiminnis gold deposit which was drill defined by Power Exploration Inc. (Figure 6.2). Approximately 10 km west of the Kasagiminnis Lake deposit, and off the project claims, is the Hasaga gold deposit.

Table 6.2 Historical Exploration Kasagiminnis Property

Location Year Company Activities Kasagiminnis Early 1970s Umex AMAG and AEM, 2 DDHs 1988-1997 1985 Moss Res. Ltd. AMAG and AVLF-EM, geology, MAG and VLF, 0.25 opt Au / 1.86 m qtz vn

1986 Power Expl’n Inc. Geology, MAG & HLEM, rock and soil JV geochem 1986- Power Expl’n 88 DDHs, 9,593 m, Au in 4 shoots, Main 87-88 Inc.JV Zone is 10-13m wide over 1.13 km long to a depth of 305 m (open),estimated 2,600,000 tonnes @ 4.79 g/t Au 2 2006 Cdn. Gldn. AEM & AMAG over claims Dragon Res 2007 Cdn. Gldn. optioned property, no record of work Dragon Res.1

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Note 1 Canadian Golden Dragon Resources Limited changed it’s name to Trillium North Minerals Ltd. on November 5, 2007. Note 2: The Company is not treating the historical resource estimate of the Kasagiminnis Lake deposit as a NI 43-101 defined resource (or reserve) verified by a qualified person and the historical resource should not be relied upon.

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Figure 6.2 Compilation Kasagiminnis Property

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In 1985: Moss Resources Ltd. commissioned an AMAG and AEM surveys over an area including the occurrence. In 1986, Power Explorations Inc. conducted MAG and VLF-EM surveys, geological mapping and rock and soil geochemical sampling on a claim group covering this occurrence. In 1986, 1987, and 1988: Power Explorations Inc. completed 2 diamond-drilling programs on a claim group covering this occurrence. The drilling totals 9593 m in 88 DDHs.

In 1986-87 Power Explorations Inc / Moss Resources Ltd. undertook geological mapping, prospecting and diamond drilling to test geophysically defined targets. Sample size of split BQ diameter core ranged from 0.15 to 1.52 m in length. The samples were analyzed by Bell-White Analytical Laboratories of Haileybury, Ontario and Accurassay Ltd. of Kirkland Lake, Ontario. All samples were analyzed for gold using fire assay techniques and reported in ounces per ton. High values were checked by either re-assay of pulp samples or re-submitting a quarter core sample (Higginson, 1987).

In 1988, Power Explorations announced the results of a 5,877 m, 49 DDH program that delineated a “reserve” of 2,600,000 tonnes grading 4.79 g/t Au to a depth of 305 m, (Higginson, R., 1987). The gold mineralization occurs as 4 shoots within a 1,130 km strike length. The Company is not treating the historical resource estimate as a NI 43-101 defined resource (or reserve) verified by a qualified person and the historical resource should not be relied upon. GAHA is of the opinion that the mineralization may be more correctly designated as an inferred resource, using criteria found in CIM Definition Standards on Mineral Resources and Mineral Reserves.

6.3. HISTORICAL EXPLORATION PICKLE LAKE EAST PROPERTY The Pickle Lake area hosts several past-producing gold mines and one past- producing copper-nickel base metal mine (Thierry, 1976-1982) as illustrated in Figure 6.3. The following table lists the past-producing gold mines and their historical production.

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Figure 6.3 Compilation Pickle Lake East Property

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Table 6.3 Past-Producing Gold Mines, Pickle Lake Area

Deposit Year Gold Silver Tonnage Gold (oz) (oz) Grade (g/t) Central Patricia 1935- 608,650 58,229 1,715,498 12.34 1951 Central Patricia # 2 1938- 13,158 na 18,886 23.861 1940 Pickle Crow GML 1935- 1,446,214 168,757 3,070,475 17.82 1966 Dona Lake 1987- 218,868 na 1,814,000 6.62 1993 Golden Patricia 1988- 619,796 na 1,216,165 15.21 1997

Note 1: grade is reported after “picking” a method of ore sorting.

Gold was first discovered at the Albany shaft (northeast of the Pickle Crow mine) in 1928 and a gold rush ensued that covered all the lands extending east- northeast for 16 km from Pickle Lake. Most of this area was prospected in 1929 with encouraging results at the future sites of the Central Patricia, Pickle Crow and Central Patricia No 2 Operation mines. Mining and milling commenced at Central Patricia in 1934 and continued to 1951, whereas the Pickle Crow Mine operated from 1935 to 1966. Mining occurred between 1938 and 1940 at the Central Patricia No. 2 Operation deposit, with the ore trucked to Central Patricia for processing.

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Table 6.4 Historical Exploration on the Pickle Lake East Property

Location Year Company Activities Eastern Part 1930s Central Prospecting Patricia

Eastern Part 1987 Umex MAG, VLF-EM, geology, 7 DDH, visible gold in DDH FL-97-1 Eastern Part 1988 Umex In 1988 7 DDHs (1442 m), best assay 2.6 g/t over 6.4 m

Eastern Part 1991 Major General 1 DDH (210 m), best assay 1.6 g/t over Res. 1.05 m

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7.0 GEOLOGICAL SETTING

The Uchi domain is located in the southern part of the North Caribou terrane within the Uchi Subprovince where magmatic U/Pb zircon ages and Nd model ages indicate the widespread presence of 2.8 to 2.9 Ga crust. The Mesoarchean (> 2800 Ma) Uchi domain also includes 2.89 Ga tonalite at Lake St. Joseph and 2.86 Ga Pickle Crow porphyry as well as pre 2.8 Ga volcanic assemblages.

The Uchi domain represents an area where significant Neoarchean volcanism and tectonism resulted in the production of new continental crust both prior and synchronous to collision with the River terrane to the south. As a result the Uchi domain comprises Neoarchean volcanic-dominated supracrustal rock sequences, locally significant sedimentary rock accumulations and associated plutons that were built upon, or adjacent to the earlier Mesoarchean crust (Stott and Corfu, 1991).

The following supracrustal rock assemblages have been identified in the Meen- Dempster (“M-DGB”) and the Pickle Lake (“PLGB”) greenstone belts.

The Pickle Crow assemblage is the oldest (>2860 Ma) lithologic sequence identified in the two greenstone belts. It is composed of mainly massive to pillowed basalt intercalated with thin laterally continuous banded iron formation and small discontinuous lenses of intermediate volcanic rocks. All of these lithologies are intruded by quartz-feldspar porphyry sills, and mafic to ultramafic intrusions. Young et al, (`2006) interpret the Pickle Crow assemblage as being deposited in a back-arc to emergent arc setting prior to ~2860 Ma. The isotopically enriched tholeiitic lower sequence may represent deposition on or near a thinned or juvenile continental margin. The compositionally diverse rocks of the upper sequence are interpreted as originating in a transitional arc to back- arc setting.

Rocks of the overlying Kaminiskag assemblage (2842-2836 Ma) have been identified along the northern margin of the M-DGB and along the southeastern margin of the PLGB. Similar to the Pickle Crow assemblage massive to pillowed basalt lithologies dominate, and at least two interflow banded iron formations are also present. In the M-DGB the Kaminiskag assemblage also includes a number of thin discontinuous units of dacite to rhyolitic tuff, whereas in the PLGB the felsic unit is thicker and continuous over 8 km (Hollings, Stott and Wyman, 2000).

The assemblage is characterized by LREE depleted tholeiitic basalt and calc- alkaline dacite to rhyolite with radiogenic Nd isotopic compositions. These petrochemical characteristics are typical of immature Archean arc related rocks that occur in younger convergent margin settings.

The Meen assemblage (2825 Ma) occurs exclusively in the M-DGB. This assemblage faces southwest, immediately overlying rocks of the Kaminiskag

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario assemblage and underlying a sequence of Confederation assemblage rocks that are located to the southwest. The Meen assemblage occurs as a tabular sheet with a 40 km strike length composes of monolithic pyroclastic rocks that are dominantly dacitic in composition with minor rhyolite. The upper portion of the assemblage locally contains sedimentary rocks (chert, marble, arenite and pyrite- graphite schist (Hollings, Stott and Wyman, 2000).

Confederation assemblage rocks (2744-2730 Ma) are found in both the M-DGB and the PLGB. Most of the northeast portion of the Confederation assemblage is composed of intercalated mafic and intermediate volcanic rocks, which are best exposed in the southeastern part of the PLGB, where the facing direction is to the southeast. In the eastern part of the PLGB the basal contact of the Confederation assemblage with the underlying Pickle Crow assemblage is marked by abundant fragmental rocks. In the M-DGB the Confederation assemblage consists of two bimodal volcanic cycles. Each cycle is composed of pillowed to massive volcanic flows overlain by dacitic pyroclastic rocks. One of these cycles can be correlated between the M-DGB and the PLGB.

The location and extent of M-DGB and the PLGB that host the three gold exploration properties within the central part of the Uchi Subprovince are illustrated in (Figure 7.1).

7.1. REGIONAL GEOLOGY OF THE MEEN-DEMPSTER GREENSTONE BELT The M-DGB (Figure 7.2) trends southeast to east and is laterally continuous with the PLGB to the east and with the Lake St. Joseph Greenstone Belt to the south The northern margin of the M-DGB is delimited by granitoid rocks of the Dobie Lake pluton (2747 Ma), and to the west and southwest by the granitic Stoughton Creek-Hammerton Lake pluton (2732 Ma) and Southern batholith. The M-DGB is also intruded by late to post-tectonic granitic intrusions (Obaskaka Lake, Kawashe Lake, Graniteboss and Knupp stocks).

The northern half of the M-DGB is a belt comprised of supracrustal rocks ranging in age from circa 2842 Ma on it’s northern margin to < 2740 in the south. The supracrustal rocks of this area have been subdivided into four assemblages: (1) Kaminiskag assemblage (2842 Ma), the Meen assemblage (2825 Ma), the Confederation assemblage (~2740 Ma), and the clastic sedimentary rock- dominated Billett assemblage (< 2740 Ma).

The Kaminiskag assemblage is located on the northern margin of the belt and is dominated by massive to pillowed basalt. This sequence also contains a minimum of two banded iron formation horizons, as well as numerous thin units of dacitic to rhyolitic tuff or lapilli tuff (Hollings, Stott and Wyman, 2000).The past- producing Golden Patricia Mine exploited a narrow very high grade gold-bearing

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Figure 7.1 Pickle Lake Area Tectonic Assemblages

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Figure 7.2 Regional Geology Meen-Dempster Belt

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario quartz vein hosted in this formation. Similarly the Kasagiminnis deposit and the Hasaga deposit are also hosted in the Kaminiskag assemblage.

The Meen assemblage which overlies the Kaminiskag assemblage to the south is a sequence of monolithic pyroclastic deposits that is largely dacitic in composition.

The rocks of the Meen assemblage are unconformably overlain by rocks of the Confederation assemblage. The Confederation assemblage can be subdivided into two bimodal volcanic cycles referred to as the Dempster (Cycle 1) and Bancroft (Cycle 2) both consisting of dacitic pyroclastic rocks overlying massive to pillowed mafic volcanic rocks. The Confederation assemblage rocks are intruded by a number of mafic intrusions, including the Kawashe, Kawinogans and Dempster gabbros The Confederation assemblage rocks are unconformably overlain to the south by the sedimentary Billett assemblage rocks (brownish-grey feldspathic wacke and shale) (Stott, 1996).

The most prominent structural feature of the northern half of the M-DGB is the Bear Head Fault Zone (“BFZ”). This northwest striking dextral transcurrent fault forms an approximately 1 km wide deformation zone that follows the northern margin of the belt and displays a close spatial association with gold mineralization. Stratigraphy and foliation in the belt are generally subparallel, steeply northward dipping with strike directions ranging from approximately northwest in the western portion of the belt to east-northeast in the eastern portion of the belt.

Stratigraphy and foliation in the M-DGB are generally sub parallel, steeply northward-dipping with strike directions ranging from approximately northwest in the western part east in the central part and east-northeast in the eastern part of the belt. Major fold structures are absent. However a large array of major fold structures is recognized in the PLGB, particularly in the vicinity of potentially economic gold mineralization.

7.1.1 Geology of Dorothy–Dobie Lakes Property

The Dorothy-Dobie Lakes Property is underlain by a southeast trending southwest facing sequence of intermediate to felsic volcanic flows and tuffs ascribed to the Meen assemblage (Figure 7.2). This is succeeded by the Confederation assemblage consisting of massive to pillowed and occasionally variolitic mafic volcanic flows. Separating the two assemblages is a laterally extensive chert-sulphide-magnetite iron formation ranging in thickness from 1 to 15 m. Thin carbonate beds are intercalated with the cherty beds. Pyrrhotite-pyrite veins and stringers are common stratigraphically below the iron formation in the felsic volcanic flows and tuffs.

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Dioritic and gabbroic sills up to 200 m thick are intruded into the basal portion of the mafic volcanic rocks overlying the iron formation. Several ages of xenolithic mafic and feldspar porphyry dykes intrude the entire supracrustal sequence.

A major brittle to ductile deformation zone, 10-50 m wide is developed within the main diorite body that occurs adjacent to sulphidic iron formation. The deformation zone is characterized by the development of mylonitic textures (fine to very fine grain size), carbonate alteration and magnetite.

Within the mylonitic diorite are a series of subparallel quartz-veined zones which host the gold mineralization. The orientation of the quartz veins suggests that they are oblique shear zones with a dextral sense of movement. In the vertical dimension the veins also exhibit an oblique en echelon orientation with a southwest side up sense of movement. The quartz veining is best developed within the more granular portions of the mylonitic zones (Mullen, 1990). Pyrite, pyrrhotite, chalcopyrite and rare galena are found within and adjacent to the quartz veins. Other accessory minerals accompanying native gold include tourmaline, chlorite, biotite and calcite.

A map of total field AMAG data and AEM data of the Dorothy-Dobie Lakes Property illustrates the relationship between major fault structures, magnetic iron formation carbonate alteration, and the distribution of sulphide minerals accompanying gold mineralization (Figure 7.3).

The M-DGB claims hosts six historical gold occurrences and deposits, along strike from the past-producing Golden Patricia Mine. The significant occurrences and deposits are named from northwest to southeast, Cooper Zones/West Zone, Dorothy Main Zone, Tonsil Lake, Spike Zone, North Dobie Zone and Dobie Zone.

7.1.1.1. Cooper Zones / West Zone

The Cooper Zones are located at the northwestern extent of the Dorothy-Dobie Lakes Property. In 1986 Geocanex Ltd. and St. Joe Canada Inc. commissioned separate airborne AMAG and AEM surveys which included the area around this occurrence. In 1988: Bond Gold Canada Inc. completed MAG and VLF-EM surveys along with geological mapping on the Cooper Lake grid. Geological mapping discovered a visible gold showing in rocks probable belonging to the Meen assemblage. Follow-up drilling was inconclusive.

Bond Gold Canada Inc. drilled 7 diamond-drill holes on the Cooper Lake grid to test for the western extension of the west zone of Amax Inc.'s Dorothy Lake deposit. Four drill holes were spotted on the same section and three are on lateral step-outs of 50 m. The 4 drill holes on the one section intersected a total of 5 separate zones of gold mineralization. The 5 zones are called the Cooper 1, Cooper 2, G1, G2 and G3 zones. The Cooper 1 and Cooper 2 zones are contained within wide shear zones cutting through a fine- to medium-grained

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Figure 7.3 Dorothy-Dobie Magnetic/EM Data

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario diorite intrusive. The mineralized zones are well foliated to massive. The mineralized zones contain many 3-10 cm quartz veins and the diorite is variably silicified between the veins. Pyrite is typically disseminated as fine (<1 mm) euhedral crystals. The concentration of pyrite varies between 5 and 15% and is locally as high as 20%. The higher gold assays are associated with the most silicified and pyritized intervals. Wider quartz veins, which were sampled separately, returned low gold values. Quartz feldspar porphyry dykes cut the shear zone and probably the mineralized zones. The relationship of the porphyries to the mineralization is not known. A gabbroic body intruded into the diorite north of the Cooper 1 and Cooper 2 zones. Shear zones, which cut the gabbro, host the G1, G2 and G3 zones. The mineralization consists of quartz veins with minor pyrite. In one hole, the G2 zone includes a 23 cm thick quartz vein containing pyrite, chalcopyrite, molybdenite, abundant tourmaline and several specks of visible gold.

The best intersection from the Cooper 1 zone averaged 4.27 g/t Au over 5.23 m (includes 5.86 g/t Au over 1.80 m). The best intersection from the Cooper 2 zone averaged 2.00 g/t Au over 3.7 m (includes 3.42 g/t Au over 0.83 m). The best 'G' zone intersection was in the G2 zone and averaged 3.77 g/t Au over 2 m. Typically, the gold tenor of the 'G' zones is low, ranging between 1.7 g/t Au and 3.77 g/t Au over widths of 0.5 m to 2.7 m (MDI52O06NW00015). It is possible that the Cooper Zones are an extension of the Dorothy West Zone.

7.1.1.2. Dorothy Main Zone

In 1973: Umex Corporation Ltd. drill tested a weak conductor associated with this deposit as part of a large follow-up program to a regional airborne geophysical survey (MDI52O06NW00003). The core was not assayed for gold at this time. In 1985 Umex Inc. re-logged the 1973 drill core and sampled for gold, base metals and major oxides. Umex Inc. also did ground soil and lithogeochemistry in 1985. In 1986 Geocanex Ltd., St. Joe Canada Inc. and Kerr Addison Mines Ltd. commissioned separate AMAG and AEM surveys which included the area of the Umex-Dorothy Lake deposit. In 1986 Umex Inc. did geological mapping, MAG and VLF-EM surveys and 5 diamond-drill holes, totalling 626 m. In 1987 Umex Inc. completed 1 diamond-drill hole (256 m) on the deposit. In 1988 Umex Inc. reported drilling 27 DDHs, totalling 3,763 m on the deposit. In 1990: Major General Resources Inc. completed 7 additional DDHs (2,064 m) on the deposit (Figure 7.4).

The Umex-Dorothy Lake deposit consists of 2 zones (Figure 7.4). The Main Zone is hosted in a diorite intrusive. The West Zone is hosted by mafic volcanic rocks. The diorite sill which is host to the Main Zone is 90 to 150 m in width and intrudes a succession of intermediate pyroclastics at the contact with a unit of chemical sediments characteristic of the Kaminiskag assemblage. A shear zone and coincident 30 m to 50 m wide alteration zone trends 135 to 140° along the southern contact of the sill with a 50-80° dip to the northeast. In the

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Figure 7.4 Dorothy Main and West Zones Dorothy-Dobie Property

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario alteration zone, hydrothermal activity affected the amphiboles in the diorite and resulted in a fine-grained alteration assemblage of magnetite, biotite, sericite, carbonate, chlorite, epidote and quartz. Auriferous zones within the alteration zone are characterized by intense, pervasive silicification/silica flooding/quartz veining and sulphidization. The chemical sediment horizon south of the diorite is 5 cm to 30 cm wide and is composed primarily of chert with seams of pyrite, pyrrhotite and magnetite. The West Zone is hosted in mafic volcanics and shearing and alteration is evident over 1.7 m to 4.5 m widths in drill core. The auriferous zone is characterized by pervasive carbonatization, biotite replacement of other ferromagnesian minerals and quartz veining. Pyrite (3%- 5%) and magnetite also occur in the auriferous zone.

In the Main Zone “reserves” have been estimated as 236,000 tonnes, with an average grade of 6.17 g/t Au (0.18 oz/ton) (The Northern Miner, June 11, 1990, p.13). The Company is not treating the historical resource estimate as a NI 43-101 defined resource (or reserve) verified by a qualified person and the historical resource should not be relied upon.

A spectacular gold assay from the Main Zone of 472.8 g/t Au over 0.5 m, is from a narrow protomylonite zone in diorite, cut by a 1 cm wide quartz vein with a large mass of visible gold in DDH Dor-90-43. Most assays recorded average 6 g/t Au. The best assay interval from the West Zone averaged 4.35 g/t Au over 2.9 m. The best assay value reported from the chemical sedimentary unit was 0.40 oz/ton Au over 1.5 m.

7.1.1.3. Tonsil Lake Zone

In 1973: Umex Corp. Ltd. drilled a hole on, or near the Tonsil Lake deposit as part of a follow-up program to a regional airborne geophysical survey (Figure 6.1). In 1986: St. Joe Canada Inc. commissioned AMAG and AEM surveys over an area that included the Tonsil Lake deposit. In 1988 Bond Gold Canada Inc. did geological mapping, ground MAG and EM surveys and an IP/RES survey which covered the area of the Tonsil Lake deposit. In 1990: Bond Gold Canada Inc. discovered the Tonsil Lake deposit through diamond-drilling. Bond conducted additional detailed geophysical surveys and drilled off the deposit to a depth of about 200 m over a strike length of 1.1 km.

The drilling program completed on the Tonsil Lake grid consisted of 62 DDHs (5,655 m) that tested a narrow, locally auriferous quartz vein over a strike length of 1,100 m (Figure 7.5). Kaminiskag assemblage rocks in the vicinity of the deposit consist of massive and pillowed mafic volcanic rocks, iron formation and feldspar porphyry.

The alteration zone associated with the gold mineralization is aphanitic to fine- grained, brownish-green to brown in color, and generally contains 1% to 5%

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Figure 7.5 Tonsil Prospect Longitudinal Section Dorothy-Dobie Property

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario disseminated and stringer pyrrhotite veinlets. The associated quartz vein is locally auriferous, and commonly contains numerous chloritic wisps and inclusions and some finely disseminated pyrrhotite. It varies in thickness from 2 mm to 28 cm, and is generally within 10 cm of the base of the alteration zone. Gold values obtained from this zone range from <1 g/t to 20 g/t, and are sporadic in nature. All of the above rock types are locally cross-cut by dark green, aphanitic to fine-grained, variably sheared mafic dykes up to 2 m in thickness. Drilling has inferred the presence of some cross-cutting, strike/slip faults that have produced dextral offsets of up to 20 m to the south.

The Tonsil Lake deposit yielded gold values up to 20 g/t Au over an unspecified width. Assay reports submitted to the assessment files indicated assays up to 26.40 g/t Au, again over an unspecified width. Bond Gold concluded that 'this zone is presently too narrow, and gold values too sporadic, to be economic' (52O06NW00071).

Trillium North (then Canadian Golden Dragon Resources Ltd.) conducted a 5 hole (659 m) diamond drill program in the period June-October 2007 period following up geophysical targets generated by Bond Gold Canada Inc. in 1991. All DDHs in the Tonsil Lake area intersected what is believed to be a western extension of the Golden Patricia vein. All available assays record sub economic quantities of gold except DDH 07-DOR-005 which returned an assay of 153.5 g/t Au over 0.44 m. It should be noted that a significant number of assay certificates and drill logs pertaining to this occurrence are missing from the public record.

7.1.1.4. Spike Zone

In 1986 Geocanex Ltd. and St. Joe Canada Inc. commissioned separate AMAG and AEM surveys over areas including the Spike Zone. In 1986 St. Joe Canada Inc. did MAG, HLEM and IP/RES surveys on the Dobie Grid and drilled the initial holes intersecting the Spike Zone. The Spike Zone is located about 250 m northeast of the Dobie deposit. In 1987 St. Joe Canada Inc. did diamond-drilling on the Spike Zone. In 1988 Bond Gold Canada Inc. did further ground geophysical surveys and geological mapping in the area and completed additional drill holes to delineate the zone. In 1990: Bond Gold Canada Inc. did further delineation drilling on the Spike Zone (Figure 7.6).

The Spike Zone occurs within a succession of mafic volcanic flows and tuff with occasional interbeds of iron formation. The Spike Zone is a gold-bearing alteration/shear zone that trends about 125° and dips north. The zone is slightly discordant to the stratigraphy. The Spike Zone is characterized by a strong foliation, and strong silicification, carbonatization and sericitization. It is cut by quartz-carbonate veinlets and mineralized with a few percent pyrite and traces of arsenopyrite. The Spike Zone is cut by a quartz-feldspar porphyry dyke. The Spike Zone has been traced by diamond-drilling for a strike length between 100 m and 150 m.

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Figure 7.6 Dobie, North Dobie and Spike Drill Hole Plan View Dorothy Dobie Property

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The Spike Zone has been intersected in several diamond-drill holes. Not all assay values for all the intersections have been reported. The following are averaged assay results for some of the reported intersections. DDH M87.39: from 160.69 m to 161.95 m (1.26 m), 2.74 g/t Au; from 166.45 m to 168.45 m (2.00 m), 1.54 g/t Au and from 172.46 m to 172.76 m (0.30 m), 1.37 g/t Au. DDH MD88.40B, from 163.85 m to 166.75 m (2.90 m), 5.99 g/t Au. DDH MD88.41, from 184.50 m to 186.10 m (1.60 m), 1.73 g/t Au. DDH MD88.42B, from 193.74 m to 194.14 m (0.80 m), 3.77 g/t Au. (MDI52O06NE00003).

7.1.1.5. Dobie Zone and North Dobie Zone

In 1986 Geocanex Ltd. and St.Joe Canada Inc commissioned separate AMAG and AEM surveys over areas that contain the Dobie Zone. In 1986 St. Joe completed MAG, HLEM, and IP/RES surveys on the Dobie grid followed by diamond drilling which intersected the Zone. In 1987 St. Joe completed additional diamond drilling on the zone. Bond Gold Canada Inc. in 1988 and 1990 completed another 130 DDHs (12,844 m) to improve definition of the deposit. (MDI52O06NE00004). Similar to the Tonsil Lake Zone, a significant amount of assay certificates and drill logs are missing from the records.

This occurrence consists of what Bond Gold Canada Inc. refers to as the Dobie Zone and the Dobie North Zone `(Figure 7.6). The Dobie North Zone is located about 100 m north of the Dobie Zone towards the latter's west end. The Dobie Zone and the Dobie North Zone are hosted in the Kaminiskag assemblage mafic volcanic flows and tuffs with interbedded magnetic iron formation. The succession is cut by quartz-feldspar porphyry dykes. Both zones trend southeast and dip north. They are characterized by strong shearing, silicification, carbonatization and sericitization. They are mineralized with up to 8% pyrite and pyrrhotite with traces of chalcopyrite and arsenopyrite. The sulphides occur as massive bands, stringers, blebs and disseminations.

An analysis of the drill results indicated an ”inferred reserve” of 301,000 tonnes grading 5.50 g/t Au. The Company is not treating the historical resource estimate as a NI 43-101 defined resource (or reserve) verified by a qualified person and the historical resource should not be relied upon.

7.1.2 Regional Geology of Kasagiminnis Property

The Kasagiminnis Property is situated in a 1.6 km wide east-trending segment of greenstone geology sandwiched between the Kasagiminnis Lake Pluton to the north and the Carling Lake Batholith to the south (Figure 7.2). Bedrock is considered to be Kaminiskag assemblage and consists of a sequence of south- facing, slightly over turned mafic volcanic flows interlayered with mafic to felsic pyroclastic and sediments and lean oxide facies iron formation with possible local

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario silicate facies iron formation. Gabbroic amphibolites, pegmatites and the occasional felsic dyke are intrusive to the volcanic-sedimentary sequence.

7.1.2.1. Kasagiminnis Zone

The hanging wall unit is identified as a fine-grained dacite to rhyodacite tuff. Silicification and sericitization make the unit appear rhyolitic. The mafic volcanic tuff and (or) amphibolite unit may be a sill-like intrusion or a thin mafic tuff. It contains 1 to 3% fine, disseminated, acicular magnetite. The unit grades into the mineralized zone where it is interlayered with lean chert-magnetite iron formation. The unit is auriferous where the magnetite is replaced by pyrrhotite. Magnetite and pyrrhotite are mutually exclusive of one another.

The footwall quartz-carbonate veinlet zone usually occurs within mafic volcanics, but locally incorporates minor iron formation. The quartz-calcite veinlets are similar to those that carry gold in the mineralized zone.

The footwall zone contains minor, secondary pyrrhotite and subeconomic concentrations of gold. The footwall mafic metavolcanics are tuffs and (or) flows, which appear to be similar to the mafic volcanic tuffs and (or) amphibolites of the hanging wall rocks, are foliated with a fine- to medium-grained porhyroblastic texture, but are otherwise featureless. To date, 25 diamond-drill holes have intersected the mineralized zone (Figure 7.7).

Preliminary mineral inventory indicates reserves of 2,600,000 tonnes averaging 4.79 g/t Au, which is best described as an inferred resource (MDI52O08SW00007). The Company is not treating the historical resource estimate as a NI 43-101 defined resource (or reserve) verified by a qualified person and the historical resource should not be relied upon.

The mineralized zone is a 10-13 m wide interval of mafic volcanic tuffs interlayered with lean iron formation. The zone is sheared, silicified and contains garnets as well as 1 to 5% pyrrhotite, and occasional concentrations up to 50%. Gold content appears to have a sympathetic relationship with pyrrhotite. In a few cases quartz-carbonate veinlets rimmed by amphibole and grunerite contain visible gold. Grunerite is common throughout the mineralized section. Hanging wall rocks to the mineralized zone are fine grained silicified and sericitized dacite and rhyodacite tuff, containing disseminated red biotite flakes and rarely sulphide minerals. The footwall to the mineralized zone is a sequence of felsic tuffs or flows similar to the mafic tuffs and amphibolites of the hanging wall (Seim, 1993).

The internal structures present in the bedrock are not well understood, due to a paucity of outcrop. Some faults interpreted from magnetic surveys have been supported by mylonites and fault breccias intersected in drill cores. Faults trending both northeast and northwest have been identified and may represent a

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Figure 7.7 Compilation Kasagiminnis Property

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario conjugate fracture system developed in response to emplacement of surrounding granitoid plutons.

Trillium North (then Canadian Golden Dragon Resources Ltd.) conducted a 5 hole (659 m) diamond drill program in the period June-October 2007 period following up geophysical targets generated by Bond Gold Canada Inc. in 1991. All DDHs in the Tonsil Lake area intersected what is believed to be a western extension of the Golden Patricia vein. All assays record sub economic quantities of gold except DDH 07-DOR-005 which returned an assay of 153.5 g/t Au over 0.44 m.

Figure 7.8 illustrates the relationship between magnetic iron formations and gold mineralization.

7.2. REGIONAL GEOLOGY PICKLE LAKE GREENSTONE BELT The PLGB is an approximately 70 km long by 25 km wide area of supracrustal rocks and internal granitoid plutons surrounded by large granitoid batholiths (Figure 7.1). The supracrustal rocks have been deformed and metamorphosed to greenschist facies with amphibolite facies occurring as thermal areoles surrounding younger plutons. Young et al (2006) offer a revised interpretation of the regional geology, which forms the basis of the following description of the PLGB.

The PLGB is subdivided into three (tectono-stratigraphic) assemblages (Pickle Crow, > 2860 Ma; Kaminiskag, ~2836 Ma; Confederation ~2744 Ma). The northwest-facing Pickle Crow assemblage dominates the northwestern part of the PLGB. It comprises mainly massive to pillowed basalt flows intercalated with thin laterally continuous banded iron formation and small discontinuous lenses of intermediate volcanic rocks, all of which are intruded by semi-concordant quartz- feldspar porphyry dykes of various ages. On the basis of petrochemical characteristics the Pickle Crow assemblage can be subdivided into a lower and an upper sequence. The lower sequence consists of tholeiitic basalt and rare calc-alkaline andesite which is spatially associated with iron formation. The upper sequence also consists of tholeiitic basalt intercalated with rare lenses of calc- alkaline andsesite to dacite, but is distinguished from the lower sequence by a centrally located alkaline basalt unit. Rocks of the PLGB are affected by three episodes of folding and regional metamorphism.

The McCullah Creek-First Loon Lake area of the PLGB is underlain by supracrustal rocks of three distinct tectonostratigraphic assemblages (Pickle Crow, Confederation and Kaminiskag).

The northern portion of the PLGB is underlain by a northeast-striking sequence of supracrustal rocks defined by Stott (1996) as the Pickle Crow assemblage (Figure 7.9). According to Young et al (2006) this assemblage is dominated by

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Figure 7.8 Kasagiminnis Property and Magnetic Data

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario

Figure 7.9 Regional Geology East Pickle Lake Area

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario massive and pillowed mafic volcanic flows with subordinate gabbroic sills. The mafic volcanic rocks are intercalated with thin laterally continuous banded iron formation and small discontinuous lenses of intermediate volcanic rocks. All lithologies are intruded by semi concordant feldspar porphyry dikes. Stratigraphy generally faces toward the northwest, except in areas of asymmetric folding. The minimum age of this assemblage is estimated to be 2860 Ma (Stott, 1969).

Rocks of the Kaminiskag assemblage (circa 2836 Ma) outcrop to the southeast of the Confederation assemblage. The Kaminiskag assemblage is dominated by mafic volcanic flows, with significant layers of felsic to intermediate volcanic ash flows. The mafic volcanic rocks are generally strongly foliated massive amphibolites, although minor amounts of ultramafic material have been reported (Stott, 1996). Minor amounts of banded iron formation are interbedded with the mafic volcanic rocks and thin layers of fine-grained clastic sediments are locally interbedded with the felsic to intermediate volcanic rocks. The main felsic to intermediate volcanic unit is a quartz-phyric dacite tuff that can be traced over a strike length of 8 km. This unit locally contains thin pyrrhotite rich massive sulphide lenses in chert.

The Kaminiskag assemblage is bounded to the southeast by granitic rocks of the Second Loon pluton, which imposes a contact strain and metamorphic aureole upon the adjacent supracrustal rocks. Generally, stratigraphy and foliation in the area are sub parallel, strike northeast and dip steeply to the northwest (Stott, 1989).

Strongly deformed rocks that exhibit extensive silica and carbonate alteration occur in the northwestern portion of the area, near the Kawinogans River. This deformation zone extends toward the southwest into the Pickle Crow Mine area. This deformation event may also be linked to the creation of the anticline-syncline pair in the Central Patricia and Pickle Crow areas. Axial surfaces strike southwest and dip steeply to the northwest, with moderate to steep northeast-plunging hinge lines (Young, 2003).

The boundary between the Confederation (2744 Ma) and the Pickle Crow (2860 Ma) assemblages has been interpreted to occur northeast of First Loon Lake. A major structural discontinuity separates an “S” fold from a sequence of less deformed lithologies to the southeast, and south facing directions indicate Confederation assemblage lying unconformably on Pickle Crow assemblage rocks.

Diamond drill hole logs (AFRI # 52P12SW0070) indicate the presence of a significant northeast-striking deformation zone further to the southeast, approximately parallel to McCullagh Creek.

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7.2.1 Property Geology Pickle Lake East

The Pickle Lake East Property is underlain by rocks of the Pickle Crow and Confederation assemblages. Diamond drilling at the First Loon prospect carried out by Major General (Dyer, 1991) and Umex (Mullen1988) targeted folded, sulphidized iron formation and axial planar deformation zones. The ore deposit model used suggested that the higher grade gold values correlate with higher sulphide concentrations, generally within 150 m of fold closures. Diamond drilling intersected komatiite, massive mafic volcanic rocks, quartz porphyry and iron formation. DDH # FL-88-12 encountered a 55 m wide zone of quartz veins up to 60 cm wide. However despite strong alteration the best assay from this zone was 685 ppb Au (Figure 7.9).

A second gold occurrence on the present claims is represented by an assay of 1,500 ppb Au over 0.14 m in DDH # KAF-87-18, drilled by Kerr Addison Mines Ltd. in 1987. Sparse data suggests a narrow quartz vein hosted in mafic volcanic rocks of the Kaminiskag assemblage. (Puumala, 2009).

A base metal massive sulphide occurrence is present on the Pickle Lake East Property. Drilled by Minnova in 1988-89, the tectonically disrupted sulphide horizons, generally less 60 cm thick returned average values for Cu, Pb, Zn Ag and trace amounts of Au. The felsic host rocks are considered to be a part of the Confederation assemblage.

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8.0 DEPOSIT MODELS

Two main types of gold deposits occur in the area. The most common is the quartz lode type which occupies fractures and may follow a single fissure with well defined walls, or may consist of parallel veins surrounding inclusions of wall rock. Veins of this type are generally contorted and drag-folded. They may contain tourmaline, chlorite, sericite and native gold with a very low content of sulphide minerals. This group of veins is represented by most of the veins in the Pickle Crow Mine area, including the main (Howell) vein, and the quartz veins at the Central Patricia No. 2 Operation. The veins tend to be relatively long and narrow with raking shoots developed at irregular intervals.

The second type of gold deposits is characterized by a stockwork mineralization in iron formation. The laminated chert magnetite rock contains a network of fractures filled with quartz, pyrite, pyrrhotite, arsenopyrite and native gold accompanied by sulphidic wall rock alteration. The ore bodies tend to be wide but discontinuous along strike, occurring where the formations are intersected by D2 shear structures. The ore bodies at the Central Patricia Mine and some of the mineralized zones at the Pickle Crow Mine are of this type.

The sulphidic chert magnetite type of gold mineralization is readily explored for using a combination of IP/RES and MAG surveys. Replacement of magnetite by sulphide minerals is represented by a low magnetic response. A coincident positive IP response associated with a positive RES response is commonly indicative of a silica-sulphide hydrothermal mineralizing event, which may be auriferous.

The auriferous quartz-chlorite-tourmaline type of mineralization is generally poor in sulphide content and does not respond well to geophysical exploration methods. Geochemical surveying utilizing either basal till sampling or MMI (mobile metal ion) methods offers a better tool for the detection of gold mineralization.

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9.0 MINERALIZATION

Manicouagan has not conducted any exploration work on the properties, and consequently no new gold mineralization has been discovered.

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10.0 EXPLORATION

In May 2009, Manicouagan contracted Geo Data Solutions Inc. to complete a high density AMAG survey over the Kasagiminnis Lake (25 m line spacing) and the Pickle Lake East (50 m line spacing) properties. Data from these surveys have been analyzed to help recognize fault structures and lithologies.

In May 2009, Manicouagan commissioned SRK Inc. to complete an interpretation of AMAG data in the public domain that covered both the M-DGB and a part of the PLGB covering the Pickle Lake East and Dona Lake areas. The interpretation validated the locations of current claims as valid target areas, and suggested additional locations.

Manicouagan is planning to implement portions of the Phase 1 exploration program in the third quarter of 2009 (see section 19.0).

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11.0 DRILLING

Manicouagan has not conducted any exploration work on the properties, and consequently there has not been any diamond drilling or results to report.

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12.0 SAMPLING METHOD AND APPROACH

Manicouagan has not conducted any exploration work on the properties, and consequently there are no sampling methodologies to describe.

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13.0 SAMPLE PREPARATION, ANALYSIS AND SECURITY

Manicouagan has not conducted any exploration work on the properties, and consequently there are no security issues to report.

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14.0 DATA VERIFICATION

At present there is no field related data to be verified. As part of the work program to be implemented in the third quarter of 2009, Manicouagan personnel will attempt to verify the locations of diamond drill holes on the Kasagiminnis and Dorothy Dobie Lakes properties.

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15.0 ADJACENT PROPERTIES

The reader is cautioned that Manicouagan has not undertaken any independent investigation of the dimensions, quantity or grade of the gold mineralization referred to in this section of the report, therefore the historical data should not be relied upon. At best the Corporation views this historical data as a conceptual indication of the potential size and grade of the gold deposits in the area, and this data is relevant to ongoing exploration efforts. The reader is further cautioned that the information in this section is not necessarily indicative of the mineralization on the property that is the subject of this technical report.

The past-producing Golden Patricia Mine is located 16 km south east of the Dorothy-Dobie gold mineralized zones. The mine produced 619,796 ounces (17,571 kg) of gold between 1988 and 1997 from the milling of 1,216,125 tonnes of mineralization.

The mafic volcanic sequence that hosts the Golden Patricia vein and shear zone is comprised of tholeiitic flows with interflow beds of tuff, immature clastic sediments and iron formation of the Kaminiskag assemblage. These supracrustal rocks are intruded by gabbroic rocks, feldspar porphyry dikes and by late biotite- rich mafic dikes considered to be lamprophyres. Structurally the lithologies are over turned and face southwest.

The productive quartz vein averages 40 cm in thickness and is continuous over a 3.3 km long strike length. The vein and shear zone strike roughly east and dip steeply north parallel to sub-parallel with the stratigraphy. Stott and Corfu (1991) suggest that the shear zone is a splay off the regional Bear Head fault zone. In addition to the Golden Patricia vein, the shear zone also contains remnants of mylonitized feldspar porphyry intrusions located in both the hanging wall and foot wall of the vein, which were originally thought to be felsic tuffs. Alteration in the immediate hanging wall is predominantly chlorite and biotite. The foot wall alteration is characterized by silicification and sericitization and a thin band of pyrrhotite adjacent to the vein (Puumala, 2009).

The Golden Patricia vein is mineralized with fine to coarse grained visible gold, which is commonly associated with pyrrhotite and minor quantities of pyrite, chalcopyrite, sphalerite and galena. Sulphide minerals comprise less than 5% of the vein material. Other gangue minerals common in the mineralized vein include tourmaline, carbonates, sericite, chlorite and rutile. The vein is not uniformly mineralized. The ore shoots (defined by grade) tend to rake approximately 70° east as a result of interplay of D2 folding along the vein and perpendicular D3 fractures.

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The Hasaga (Koval-Ohman) gold deposit is located along strike approximately 10 km west of the Kasagiminnis Lake Property.

Gold was discovered by prospecting along the south side of Bancroft Lake in 1953 by Mr. B. Ohman working on a ”grub stake” funded by the Koval Family of Pickle Lake, Ontario. The property was optioned to Hasaga Gold Mines Ltd., in 1953. Subsequent work in 1953-54 consisted of trenching and approximately 6,100 m of diamond drilling. In 1974 Little Long Lac Gold Mines acquired the property through a merger with Hasaga. Subsequent exploration programs included MAG, VLF-EM and IP/RES, and geological mapping. In 1987 Lac Minerals (a successor company) completed an unknown amount of diamond drilling.

In 1994 Barrick Gold Corporation contracted Clark-Eveleigh Consulting to complete a detailed stripping and sampling program in the vicinity of the original showing. The mineralization is hosted in intermediate to felsic tuffs. Alteration consists of silicification and sericitization with 1-5% fine grained pyrite, up to 3% arsenopyrite and 1% tourmaline. A total of 135 channel samples were collected for Au assay. The highest value recorded was 16.25 g/t Au over 0.6 metres. Fifty- one samples contained more than 1 g/t Au (Clark, 1995).

Confederation assemblage mafic volcanic flows and felsic tuffaceous rocks underlie the deposit and face south with a steep southerly dip. A small (0.5-1 km) gabbroic plug intrudes along the contact of the mafic and the intermediate to felsic rocks. The sheared rocks at this location are related to an east-west shear zone that cuts this contact and the gabbroic plug. Fine grained felsic dikes striking 80-90°intrude the intermediate to felsic tuffs and contain conjugate quartz-tourmaline filled tension veinlets trending 110° and 170° Bedding and foliation are sub-parallel with a strike of 70° and a dip of 76° S

The gold mineralization on the property is hosted by sheared sericite schist approximately 6 m wide over a strike length of approximately 100-150 metres. The contact between the intermediate tuffs and the sericite schist is gradational over a couple of metres. The dominant schistosity strikes 82° and dips 86° S. Gangue minerals within the sericite schist include 1-5% very fine grained disseminated pyrite, minor amounts of pyrhotite and arsenopyrite, and up to 1% disseminated tourmaline.

Similar to the Kasagiminnis deposit, the Hasaga deposit features a historical inferred resource of 472,000 tonnes grading 5.81 g/t Au (Seim, 1993). The Corporation is not treating the historical resource estimate as a NI 43-101 defined resource (or reserve) verified by a qualified person and the historical resource should not be relied upon.

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16.0 MINERAL PROCESSING AND METALLURGICAL TESTING

Manicouagan has not completed any metallurgical test work on any samples collected from the properties.

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17.0 MINERAL RESOURCE AND RESERVE ESTIMATES

Manicouagan has not commissioned any resource estimates on the three properties which are the subject of this report.

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18.0 OTHER RELEVANT DATA AND INFORMATION

The author of this technical report is not aware of any other relevant data or information that would affect the description, interpretation or conclusions as regards this exploration project.

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19.0 INTERPRETATION AND CONCLUSIONS

The three properties which are the subject of this technical report are located in the Uchi Subprovince, an area characterized by Meso-Archean age rock with arc and back arc characteristics. This subprovince hosts the Rice Lake and Red Lake Gold Camp to the west and the McFaulds Lake base metal / chromite deposits to the east. The Meen-Dempster and the Pickle Lake greenstone belts along the southern margin of the Uchi Subprovince host the three properties under option to Manicouagan. Both greenstone belts have similar geology and metallogenic characteristics, which includes high grade gold mineralization.

The project has three distinct claim groups, with the Dorothy Dobie Property in the M-DGB and the Kasagiminnis and Pickle Lake East properties in the PLGB:

The Dorothy Dobie Lakes claims cover approximately 10 km of favourable rocks (Kaminiskag assemblage) extending northwest and along trend from the historical Golden Patricia gold mine. Historical exploration has discovered six more zones of significant gold mineralization on this claim block. The Dorothy Main and the Dobie gold deposits have been the subject of reserve/resource estimates prior to 1991. However, the Corporation is not treating these historical resource estimates as a NI 43-101 defined resources (or reserves) verified by a qualified person and the historical resource should not be relied upon. Moreover the author is of the opinion that this resource is best described as an inferred resource.

The second property, Kasagaminnis Lake is situated in the south-western part of the PLGB. Gold mineralization with a width of 10-13 m is known over a 1.13 km strike length and to a depth of 305 m, and hosted in Kaminiskag assemblage rocks. A pre-1991 resource estimation suggested reserves of 2.6 million tonnes grading 4.79 g/t Au. The Corporation is not treating this historical resource estimate as a NI 43-101 defined resource (or reserve) verified by a qualified person and the historical resource should not be relied upon. Moreover the author is of the opinion that this resource is best described as an inferred resource.

The third claim group is the Pickle Lake East and covers approximately 15 km of favourable lithologies extending NE from the Pickle Crow mine. Area selection was based on a new interpretation of the geology of the area. While no volume of gold mineralization has been defined on the property, visible gold has been found by previous operators.

On all three properties previous exploration was driven by prospecting ground geophysical surveys followed by shallow diamond drilling. This historical shallow diamond drill follow up work presents an opportunity to discover additional

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario mineralization at depth. In addition the historical exploration reports suggest that all six currently known gold targets are open in all directions.

Future exploration should feature diamond drilling of new geophysical targets (IP/RES) and MAG searching for new mineralization and extensions of known zones.

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20.0 RECOMMENDATIONS

The author is of the opinion that the historical exploration results suggest an excellent potential to discover additional gold mineralization and justify additional exploration expenditures. A Phase 1 proposed exploration budget of $ 800,000 is proposed to support the exploration activities listed in Table 20.1.

Table 20.1 Proposed Phase 1 Budget

Property Activity Expenditure ($) Pickle Lake East Property Survey grid 13,000 IP/RES 40,000 Modeling 5,000

Subtotal 58,000 Kasagiminnis Property Prospecting 6,500 Historic DDH search 2,700

Subtotal 9,200 Dorothy Dobie Lakes Property Historic DDH search 4,500 Data Compilation 12,600 Diamond Drilling 600,000

Subtotal 617,100 Subtotal Properties 684,300 First Nation Consultation 15,000 Over-all Contingency 100,700 Total 800,000

A Phase 2 proposed budget is contingent upon favourable results being obtained in the Phase 1 program. A proposed budget of $3,000,000 is proposed to allow for the activities shown in Table 20.2. The objective of this budget and work program would be to further define gold mineralization found on the properties with a view towards identifying indicated and measured resources.

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Table 20.2 Proposed Phase 2 Budget

Property Activity Expenditure ($) Pickle Lake East Property Geology, Prospecting 19,500 Geochemistry (MMI) 60,000 Diamond Drilling 300,000

Subtotal 379,500 Kasagiminnis Property Geology, Prospecting 22,750 Geochemistry (MMI) 40,000 Diamond Drilling 540,000

Subtotal 602,750 Dorothy Dobie Lakes Property Geology, Prospecting 52,000 Grid 13,000 Geochemistry (MMI) 48,000

IP/RES Survey 40,000 Diamond Drilling 1,500,000

Subtotal 1,653,000 Subtotal Properties 2,635,250 First Nation Consultation 15,000 Over-all Contingency 349,750

Total 3,000,000

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21.0 REFERENCES

Blackburn, C.E., Hailstone, M.R., Parker, J. and Story, C.C., 1989, Kenora Resident Geologist’s Report – 1988; p. 3-46 in Report of Activities 1988, Resident Geologists edited by K.G. Fenwick, P.E. Giblin and A.E. Pitts, Ont. Geol. Surtv, MP 142, 391 p.

Bond Gold Canada Inc., 1988, Geological Report for the Cooper Lake Grid, AFRI # 52O06NW9325.

Bond Gold Canada Inc., 1989, Geological Report for the Dobie Lake Grid, AFRI # 52O06NE0012.

Bond Gold Canada Inc., 1989, Geological Mapping Report of the Muskeg East Grid, Muskeg East Property, AFRI 52O06NW0008.

Bond Gold Canada Inc, 1990, MDI52O06NE00004 Dobie Lake Deposit.

Bond Gold Canada Inc., 1990, Geological Mapping Report of the Cooper West Grid, Muskeg West Property AFRI 52O06NW0008.

Bond Gold Canada Inc., 1990, MDI52O05NW00015 Cooper Zones West Property.

Bond Gold Canada Inc., 1990, MDI52O06NE00003 Spike Zone.

Bond Gold Canada Inc., 1990, Report on the 1990 Geological Mapping and Prospecting Program, Meen Lake Grid, Muskeg West Property, AFRI 52O06NW0008.

Bond Gold Canada Inc., 1990, MDI52O06NE00004 drilling Tonsil Lake.

Bond Gold Canada Inc., 1990, MDI52O06NW00024 drilling Tonsil Lake.

Bond Gold Canada Inc, 1996 MDI52O06NW00071 Tonsil Lake Summary.

Clark, J.G., 1995, Report on the Stripping and sampling of the Koval Property for Barrick Gold Corporation.

Dyer, R., 1991 Major General Resources Ltd., First Loon Lake Property, OMIP Report, AFRI 52P12SW0001.

Geo Data Solutions Inc., 2009, Heliborne High Resolution Aeromagnetic Survey, Pickle East and Kasagiminnis Blocks, Pickle Lake, Ontario, for Manicouagan Minerals Inc. Proj. ref: P09-012.

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario

Harding, W.D., 1936, Geology of Cat River-Kawinogans Lake Area, Ont. Dept. Mines, Ann Rpt. 1935, v. 44, pt. 6, p. 53-73.

Higginson, R., 1987, Report on Diamond Drilling Kasagiminnis Lake Property, Kenora Mining Division, Patricia Portion, Ontario for Power Explorations Inc. AFRI 5208SW0016.

Hodge, H.J., Exploration Overview, Pickle Lake – Opapimiskan Lake and Dryden Area Properties, Northwestern Ontario, private company report.

Hollings, Stott and Wyman, 2000, Trace element geochemistry of the Meen- Dempster greenstone belt, Uchi subprovince, Superior Province, Canada: back arc development on the margins of an Archean protocontinent, Can. Jour. Earth Sci., v. 37, p 1021-1038.

Puumala, M.A., 2009, Mineral Occurrences of the Central and Eastern Uchi Domain, Ont. Geo. Surv. OFR 6228, 294 p.

Mullen, D.V., 1988, OMEP Diamond Drill Report, First Loon Lake Property, First Loon Lake Area, Patricia Mining Division, AFRI # 52P12SW0011.

Mullen, D.V., 1990, Exploration Work Report, Major General Resources, Dorothy Lake Property, Patricia Mining Division, Pickle Lake Area, Ontario, NTS 52-O-6, AFRI # 52O06NW0005.

Northern Miner June 11, 1990, p. 13, Resource Estimate at Kasagiminnis Lake.

Pye, E.G., 1975, Crow River Area, District of Kenora (Patricia Portion), Ont. Geol. Surv., Prelim Map P.1009, scale 1:12,000.

Seim, G.W., 1993, Mineral Deposits Of the Central Portion of the Uchi Subprovince, Vol. 1, Meen Lake to Kasagiminnis Lake Portion, Ont. Geol. Surv. OFR 5869, 390 p.

Stott, G.M., 1966, The geology and tectonic history of the Central Uchi Subprovince, Ont. Geol. Surv. OFR 5952, 178 p.

Stott, G.M., Brown, G.H., Coleman, V.J., Green, G.M. and Reilly, B.A., 1989, Precambrian Geology of the Pickle Lake Area, Western Part, Ont. Geol. Surv. Map P.3056, scale 1:50,000.

Stott, G.M., Brown, G.H., Coleman, V.J., Green, G.M. and Reilly, B.A., 1989, Precambrian Geology of the Pickle Lake Area, Eastern Part, Ont. Geol. Surv. Map P.3057 (revised), scale 1:50,000.

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario

Stott, G.M. and Corfu, F., 1991, Uchi Subprovince in Geology of Ontario, Ont. Geol. Surv. Spec. Vol. 4, Part 1, p. 145-236.

Stott, G.M. and Rainsford, D.R.B., 2006, Project Units 98-006 and 98-007. The Precambrian Geology Underlying the James Bay and Hudson Bay Lowlands as interpreted from Aeromagnetic Data and a Revised Terrane Map of Northwestern Ontario, in Summary of Field Work and Other Activities 2006, Ont. Geol. Surv. OFR 6192, p. 13-1 to 13-10.

St Joe Canada Inc. 1988, MDI52O06NE00004, Dobie and North Dobie Zones.

Thomson, J.E., 1939, The Crow River Area, Ont. Dept. Mines, Ann Rpt. 1938, v.47, pt. 3, p. 1-65.

Umex, Dorothy Lake Main Zone and West Zone MDI52O06NW00003, MDI52O06NW00015, Cooper Zone.

Young, M.D., McNicoll, V., Helmstaedt, H., Skulski, T.and Percival, J.A., 2006, Pickle Lake Revisited: new structural, geochronological, and geochemical constraints on greenstone belt assembly, western Superior Province, Canada, CJES, v. 43, p.821-857.

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22.0 THE DATE AND SIGNATURE PAGE

The undersigned, Gerald A. Harron, prepared all of the sections of the technical report titled

Technical Report on Three Gold Properties, Pickle Lake Area, Ontario, Canada with an effective date of August 31, 2009 in support of the public disclosure of technical aspects of the three gold properties. The format and content of the report are intended to conform to Form 43-101F1 of National Instrument 43-101 of the Canadian Securities Administrators.

Signed: Professional Engineers Ontario

Gerald A. Harron, P.Eng.(ON)

Dated at Toronto: October 13, 2009

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Manicouagan Minerals, Three Gold Exploration Properties, Ontario

23.0 CERTIFICATION

G.A. Harron & Associates Inc. Suite 501, 133 Richmond Street West, Toronto, Ontario, Canada M5H 2L3 Tel.: (416) 865-1060 Fax.: (416) 865-0213 Email: [email protected]

Certificate of Author

I, Gerald A. Harron, M.Sc., P.Eng. do hereby certify that:

1. I am the President of: G.A. Harron & Associates Inc. Suite 501, 133 Richmond Street West Toronto, Ontario, Canada M5H 2L3

2. I graduated with a Bachelor of Science degree in Geology from Carleton University in 1969 and also graduated from the University of Western Ontario with a Master of Science degree in Economic Geology in 1972.

3. I am a member of the Association of Professional Engineers of Ontario, the Association of Professional Engineers, Geologists and Geophysicists of the Northwest Territories and Nunavut.

4. I have worked as a geologist for over 35 years since my graduation from university and have been involved in minerals exploration for base, precious and noble metals and uranium throughout North America, South America and Africa, during which time I directed, managed and evaluated regional and local exploration programs.

5. I have read the definition of "Qualified Person" set out in National Instrument 43-101 (“NI 43-101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43- 101) and past relevant work experience, I fulfill the requirements to be a "qualified person" for the purposes of NI 43-101.

6. I am responsible for the overall preparation of all the technical report titled "Technical Report on Three Gold Properties, Pickle Lake Area, Ontario, Canada for Manicouagan Minerals Inc." dated October 13, 2009 (the "Technical Report”). Most of the technical information in the Technical Report is based on examination of public and private documents pertaining to historical exploration of the three areas. The

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sources of all information not based on personal examination or knowledge are referenced in the Technical Report. In the disclosure pertaining to claim status I have relied on information provided by the Provincial Mining Recorders Office.

7. I am the author of the report to which this certificate is attached, having prepared the entire report. I have conducted a site visit to the project area on July 26 and 27, 2006.

8. I have not had prior involvement with the property that is the subject of the Technical Report.

9. I acknowledge that as of the date of the certificate, and to the best of my knowledge, information and belief, that the Technical Report contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.

10. I am independent of the issuer applying all of the tests in section 1.4 of NI 43-101.

11. I have read NI 43-101 and Form 43-101F1, and the Technical Report has been prepared in compliance with that instrument and form.

Dated this 13th day of October, 2009.

Signature of Qualified Person Seal

Professional Engineers Ontario Gerald A. Harron Print name of Qualified Person

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