.

CNSX:RNC

”) is

pleased to announce that it has entered into an option agreement to acquire a 100%

interest in the mineral rights to 447 claim units totalling approximately 7,152 hectares

(17,737 acres) in the Kabinakagami portion of the Dayohessarah‐Kabinakagami

greenstone belt (the “

”). The Lizar property is located approximately

100 km east of the Hemlo Gold camp and approximately 57 km northeast of the town of

White River, Ontario. Thunder Bay, Ontario lies 330 km to the west southwest.

The Lizar property is host to numerous gold, nickel, copper and platinum group

element showings that are indicative of the multi‐metal potential of this project

.

Interest in this general area has been renewed by recent discoveries of Hemlo style

disseminated, sulphide hosted, gold mineralization made by Harte Gold Corporation

(see Harte press release dated November 10, 2010) The Harte Gold project is located

approximately 25 km west of the Lizar property.

Immediate plans for the project include data review and interpretation, geological

surveys, prospecting, geophysical surveys and follow up diamond drilling.

Terms of the agreement call for a payment of 500,000 shares and $60,000 on closing.

The optional payments total 2,550,000 shares and $395,000 and an optional work

commitment of $1,850,000 over a 4 year period to earn a 100% undivided interest that

is subject to a 3% Net Smelter Royalty on all metal produced from the property. Half of

the NSR (1.5%) may be purchased from the Optionors at any time prior to commercial

production. A preproduction royalty of $60,000 will be paid to the vendors

commencing in the fifth year of the agreement and will be paid for a total of 5 years and

a maximum of $300,000. The preproduction royalty will be deducted first from any

commercial production revenue in advance of any net smelter royalty payments.

For further information, please contact Richard Nemis at 416‐864‐1456

ON BEHALF OF THE BOARD OF DIRECTORS

“. Nemis”President and Chief Executive Officer