Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: 90% Worst Scenario

I think you are pretty safe to say at least half a million oz @ 2g/tonne. The problem is that 500K may not be financially viable, being too small. the figure being thrown around here is a minimum of 1 million oz which is more likely to be viable. At a minimum of 2g/t, and possibly over 3 g/t, it is not a problem of the grade, but the tonnage. One of the reasons I bought today is that the CEO and Cheif Geologist have bought shares in the open market in the last year or so. They must think they have a commercial deposit. The resource estimate is due out late 2011/early 2012.

Bob

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