TECHNICAL REPORT ON THREE GOLD EXPLORATION PROPERTIES PICKLE LAKE AREA, ONTARIO, 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, Toronto, 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 G. A. Harron & Associates Inc. i Manicouagan Minerals, Three Gold Exploration Properties, Ontario 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 G. A. Harron & Associates Inc. ii Manicouagan Minerals, Three Gold Exploration Properties, Ontario 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, Kenora (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