Excerpt from the 2008 Financials:

5. RESOURCE PROPERTIES

a) Manitoba:

Bissett area properties:
In 1998 the Company initiated the acquisition of claims in the Bissett gold mining camp (also known as the Rice Lake area) and has acquired to date a total of 164 claims which constitute approximately 265.6 sq. km. These claims comprise five main projects (Poundmaker, Mike Power, Siderock, Garner Lake and Jeep) and two minor, two-claim, blocks. The properties are wholly-owned by the Company with no outstanding royalties.
i) Poundmaker: First claims acquired in 1998, now comprised of 72 claims (121.76 sq. km); no outstanding net smelter royalty ("NSR"), located in Rice Lake area. Note 11 describes certain details regarding an option agreement related to this property.
ii) Mike Power: First claims acquired in 1998, now comprised of 26 claims (33.98 sq. km); no outstanding net smelter royalty ("NSR"), located in Rice Lake area.
iii) Siderock: First claims acquired in 1998, now comprised of 26 claims (43.6 sq. km); no outstanding NSR, located in Rice Lake area.
iv) Garner Lake: First claims acquired in 2002, now comprised of 12 claims (22.9 sq. km); no outstanding NSR, located in Rice Lake area.
v) Jeep: First claims acquired in 1999, now comprised of 26 claims (40.1 sq. km); no outstanding NSR, located in Rice Lake area.
vi) Ramrod: First claims acquired in 2002, now comprised of 2 claims (3.3 sq. km); no outstanding NSR, located in Rice Lake area. During the year, the Company evaluated the planned costs for its properties. This plan did not include exploration of the Ramrod property in the foreseeable future.
Therefore, an impairment in value on the property in the amount of $93,679 was taken to reduce the capitalized costs on the property to zero.

Snow Lake area properties:
vii) Reed Lake: Comprised of a total of 32 claims (60.5 sq. km). 14 claims acquired through purchase and sale agreement in 2004 from Arc Metals Ltd, restaked in 2005, 3% outstanding NSR, no outstanding NSR on 18 additional claims staked in 2007, located in Snow Lake area.
viii) Iskwasum: Claims acquired through purchase and sale agreement in 2004 from Arc Metals Ltd.; restaked in 2006, now comprising 13 claims (26.6 sq. km); 3% outstanding NSR, located in Snow Lake area.

b) Saskatchewan:

Foster River: Comprised of 5 claims (118.7 sq. km) located in Hewetson Lake area. Three claims (80.9 sq. km) were acquired in 2004 through purchase and sale agreement from Arc Metals Ltd.; 2% outstanding NSR. Two additional claims (37.8 sq. km) were staked in 2006; no outstanding NSR.