Strike Point Project JV with San Gold Corporation

Detailed prospecting, mapping and rock sampling were carried out over several areas during 2009 in the central part of the Strike Point property.

During March 2010, a detailed ground magnetic survey was performed over the southern part of the StrikePoint property adjacent to the San Gold mine lease where the LiDAR survey has revealed an extensive network of fractures and lineaments. The magnetic data is rich in detail and provides valuable structural data, especially when merged with the detailed LiDar data. The structural orientations that are known to contain gold in the hanging wall volcanic on the adjacent San Gold mine lease persist northward and in a northwesterly direction into the Strike Point property. These are being priority ranked for a drill program that will commence as soon as the Poundmaker project drill program is completed.

The Joint Venture technical committee will evaluate the results of the geophysical, geological and LiDAR surveys and will identify targets and priorities for follow-up drilling to be carried out during the spring and summer of 2010. The technical committee consists of Bill Ferreira, Chief Project Geologist and Dale Ginn, CEO, for San Gold Corporation and Daniel Beauchamp, QP of StrikePoint and Kris Raffle of APEX, both representing StrikePoint.