Loveland

Metals of interests:  Gold, Base metals

Ownership: 100 % Melkior

Location :  35 km northwest of the City of Timmins

Surface area : 44 claims covering a total area of 7.04 km2

Highlights :

•  253.25 kilometre VTEM airborne electromagnetic and magnetic survey completed over the property.

Description:

On November 27, 2009, the Company signed a letter of intent with Bold Venture Inc. (“Bold”) whereby Bold can acquire a 10% interest in the Loveland property by undertaking $125,000 of exploration work. The Company is the operator.

 Once the 10% interest is earned, Bold can decide not to pursue the exploration. Bold will therefore return its 10% interest to the Company and the Company will have to pay Bold $40,000. At any time, the Company has the right to purchase Bold’s 10% interest by paying twice what Bold has spent to that time in cash.