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12th Year Assessment Report on Mapping, Prospecting and

Geochemical Sampling of the Katie Property, Central

Newfoundland and Labrador

on Licences 16643M, 12985M, and 12988M

NTS 2D/05

For: Alterra Resources Inc.

Work Conducted between September and October 2011

Total Expenditures: $23,712.13

Total 33 claims

Prepared by: Paul Delaney, B.Sc (Hon), P.Geo, Chris

Moran, B.Sc (Hon) and Colin Thistle, B.Sc (Hon)

November, 2011

1

Table of Contents

1.0 SUMMARY ............................................................................................................................. 2

2.0 INTRODUCTION & CLAIM STATUS............................................................................... 2

3.0 LOCATION & ACCESSS......................................................................................................2

4.0 PHYSIOGRAPHY, GLACIATION and PROPERTY DESCRIPTION...........................2

5.0 EXPLORATION HISTORY..................................................................................................4

6.0 REGIONAL GEOLOGY ....................................................................................................... 5

7.0 PROPERTY GEOLOGY and MINERALIZATION.......................................................... 7

8.0 2011 EXPLORATION PROGRAM...................................................................................... 9

8.1 Exploration Activities..................................................................................................9

8.2 Exploration Results....................................................................................................10

9.0 CONCLUSIONS AND RECOMMENDATIONS.............................................................. 11

10.0 REFERENCES.................................................................................................................... 11

List of Figures

Figure 1 – Claim Location Map................................................................................................... 3

Figure 2 – Tectonostratigraphic Map of Nfld. ........................................................................... 6

Figure 3 – Property Geology........................................................................................................ 8

Figure 4 - Rock Sample Location Map.......................................................................................9

Figure 5 - Soil Sample Location Map........................................................................................10

Appendix A - Soil Geochemistry

Appendix B - Rock Sample Geochemistry

Appendix C - Drill Core Geochemistry

Appendix D - Drill Hole Sections & Drill Logs

Appendix E - Expenditures

Appendix F - Mineral Tenure

2

1.0 SUMMARYWork was conducted on three licences that are contiguous with Alterra Licence 16646M

that hosts the Katie and other prospects. Soil sampling and lithogeochemical sampling,

prospecting and mapping were conducted on the three Alterra Resources Inc licences. No

anomalies were detected but studies are ongoing.

2.0 INTRODUCTION & CLAIM STATUS

From September 4th to September 11th, Alterra Resources Inc, a subsidiary of SearchMinerals Inc., prospected and traversed Licences 16643M, 12985M, and, 12988M in an attemptto assess the properties for their potential to host base and precious metal mineralization. Drillcore from holes drilled on the property were also relogged and sampled.

ClaimNo.

Year No. Claims Date Issued Work date Req’d Expenditures Actual expenditures

12985M 12 4 1999/10/8 2011/10/8 $2,193.30 $4,037.3112988M 12 21 1999/10/8 2011/10/8 $12,683.66 $13,466.3916643M 12 8 1999/10/8 2011/10/8 $5,348.76 $6,208.43

3.0 LOCATION & ACCESSThe property is located on NTS map sheet 2D/05 in Central Newfoundland off Route 360

(Figure 1). The TransCanada Highway and the town of Bishops Falls lies approximately 87 kmto the north while the town of Head of Bay D'Espoir/Milltown lies 60 km to the south. A loggingroad runs into the centre of the property whereby foot traverses are then possible. Helicopteraccess to more remote places may be more time efficient, especially Licence 16643M.

4.0 PHYSIOGRAPHY, GLACIATION, and PROPERTYDESCRIPTION

The property is characterized by flat to moderately undulating terrain supportingnumerous bogs and ponds interspersed with patchy strands of immature to mature timber.Vegetation consists mainly of spruce and fir with pine, birch and tamarack abundant locally.Much of the east-central claims area has undergone logging operations with younger tree growthnow dominating. Bedrock exposure on the property is sparse due to extensive glacial till coverwhich commonly has a thickness in the range of 2-5 metres. The latter has also resulted in arelatively poor, and somewhat haphazard, drainage pattern for the area, however, with a generalflow direction to the north. The property is located within a large plateau region of centralNewfoundland with an elevation range of 200 to 230 metres above sea level.

3

Figure 1: Claim Location map

4

5.0 EXPLORATION HISTORYThe general property area was mapped in detail by the provincial government during the

late 1970’s and early 1980’s with several publications covering different parts of the Burnt Hillmap area (2D/5). These studies culminated in a more comprehensive publication by Coleman-Sadd, in 1985, titled Geology of the Burnt Hill Map area, Report 85-3. The North Steady PondFormation (NSPF), a sequence of intermediate to felsic volcanic rocks, was delineated as a resultof this work.

Other government mapping programs were carried out over overlapping and/orsurrounding areas including several by Swinden (1980-82) and Swinden et al., (1982). In 1934,an evaluation of the ultramafic rocks of the Coy Pond Complex was carried out by A.K.Snelgrove to assess its potential for chromite deposits.

Early industry activity in the area involved further investigations for chromite (as well asfor asbestos), by Bell asbestos Mines Ltd, in 1963, and again by Tasu Resources, in 1982 and1984 (Tibbo, 1982 & 1984).

During 1981 and 1982, St. Joe Canada Inc. carried out regional reconnaissance airbornegeophysical and geochemical surveys and geological mapping over the area. Their work resultedin the identification of 89 AEM conductors, some occurring within the present property area.Several of these were found to have corresponding base metal (Cu, Zn, Pb) soil anomalies.

During 1985 to 1989, Rio Algom carried out extensive exploration over the NSPF-Huxter’s Pond volcanic belt to evaluate its potential for both base and precious metalmineralization (Robertson D.J., 1986, Bonham, O.J., 1988a, 1988b). Work consisted of soil, lakesediment and stream sediment geochemical surveys, prospecting/geology traverses, rocksampling and ground geophysics (Max Min II, EM, etc.). A 14-hole diamond drill program wasalso implemented with drill holes scattered throughout the NSPF. Rio Algom reported severalsulphide showings consisting of pyrite and pyrrhotite, as well as several Cu-Pb-Zn soil and lakesediment anomalies and a large number of EM conductors. A few of these, in addition to someidentified previously by St. Joe Canada, were drill-tested and found to consist of graphitic and/orpyrite-pyrrhotite bearing argillite units.

During 1993 and 1994, BHP Minerals conducted exploration programs in the area (BrucePond-Katie prospect) consisting of geochemical and geophysical (including IP) surveys,trenching (13 trenches) and diamond drilling (eight short holes (LG-93-1 to 8) totalling 758metres) (Williamson, T.C., 1993, 1994).

Following the work by BHP the area of the Katie Prospect was acquired by Black BartProspecting Group. The latter carried out soil/till geochemical sampling and prospecting inSeptember, 1999 and March, 2000 during which time a large number of high-grade sulphide-richboulders were found over a 400 m section of logging road passing through the prospect area.Trenching by Alterra Resources in 2009, led to the discovery of more significant mineralizationup-section. It is this new discovery (and/or extension) that now defines the Katie prospect. Assaygrades for the boulders include up to 25% Zn, 3.5% Pb and 1.66% Cu accompanied bysignificant precious metals (up to 4.4 oz/t Ag and up to 0.11 oz/t Au).

5

Following the discovery of the mineralized boulders, an option was taken on theproperty, by Gallery Resources Ltd, in May, 2000. The company conducted a series ofexploration programs lasting until 2003, consisting of grid preparation, soil geochemical andgeophysical surveys (VLF-EM, IP and Gravity) and diamond drilling (63 holes).

Alterra Resources Inc completed trenching and pit sampling on the Katie Property as wellas a 4 hole diamond drill program and initiation of a new grid in 2009. The 389m, four hole drillprogram failed to intersect significant mineralization but did encounter a zone of sulphide-richquartz veined, sericite-fuchsite altered felsic volcanic rock. Fifty-five rock grab samples, 56channel samples and 18 soil samples were collected during the program, as well as sixty-threecore samples. Forty kilometres of a proposed 55km grid was completed spanning the 2009-2010assessment years.

6.0 REGIONAL GEOLOGY

The property area lies within the Exploits Subzone of the tectonostratigraphic DunnageZone of central Newfoundland (Fig. 2). The latter is comprised of Ordovician oceaniccrustal (ophiolitic) and volcanic island-arc terranes of the ancient Iapetus Ocean basin.Closure of this basin during the Ordovician Taconic Orogeny, resulted in the juxtapositionof these terranes between Precambrian continental rocks of the Avalon and Humber Zones,located to the east and west, respectively. Later tectonic events, of the Silurian andDevonian period (Salinic and Acadian Orogenies), resulted in further tightening anddeformation of the various units, with eastward thrusting, accompanied by numerousgranitoid and mafic intrusions, particularly throughout the Dunnage Zone.

Regional geology surrounding and/or enclosing the general property area is comprised offour main rock groupings: 1) Ordovician and older (meta)sedimentary rocks of the GanderSubzone; 2) Cambro-Ordovician ophiolitic rocks of the Pipestone Pond, Coy Pond andGreat Bend Complexes; 3) Ordovician and Silurian sedimentary rocks of the Davidsville,North Steady Pond and Botwood Groups; and 4) plutonic rocks of the Silurian, post-kinematic,Mount Peyton Intrusive Suite.

The ophiolitic and overlying island arc sequences of the Exploits Subzone formdismembered, thrust-bound, allochthonous slices, emplaced over composite (continentalbasement) crust of the Gander Subzone. Younger, Ordovician and Silurian, sedimentaryrocks are interpreted to have been deposited upon continental basement as well as on theallochthonous ophiolitic sequences (Colman-Sadd et al., 1992). Regionally, the rocks haveundergone lower greenschist-facies metamorphism, with amphibolite facies gradeoccurring locally within the contact aureole of the Mount Peyton Intrusive Suite.

Based on the observations of previous exploration companies to the area, it has beensurmised that the geology favours potential for volcanogenic base metal mineralization ofKuroko or Buchans-type [the world-renowned Buchans deposits produced 16.2 Mt of oreaveraging 14.5% zinc, 7.6% lead, 1.3% copper, 126 g/t silver and 1.37 g/t gold during 1928to 1984].

6Figure 2: Tectonostratigraphic Map of Nfld

7

7.0 PROPERTY GEOLOGY and MINERALIZATIONBased on regional government mapping, the licences are underlain by two main rock groups:volcano-sedimentary rocks of the North Steady Pond Formation (NSPF) of the Baie D’EspoirGroup, and mafic rocks of the Coy Pond Complex (Fig. 3).

The main mineralization in the area is known as the Katie Prospect. The prospect actuallyconsists of four different areas, known as: the Katie Prospect (or Black Bart), the Bruce PondEpithermal Gold Zone, the Mac Donald Zone and the Tall Tree Zone.

The Katie Prospect is located approximately 0.8 km east of Bruce Pond. Mineralization at thesite represents the most significant concentration of base metal sulphides, and associated gold,found on the property to date. The mineralized zone, as determined by the limit of this recenttrenching, is exposed over a strike distance of roughly 30 m and a width of several metres. Itconsists of vein and/or pervasive replacement-style, sphalerite-pyrite-chalcopyrite-arsenopyritemineralization hosted by strongly foliated, felsic, quartz-crystal lithic tuffs and sheared quartz-eye (augen)-sericite schist equivalents. Pyrite and black sphalerite are the dominant sulphides,varying from sparse disseminations and stringers (along fractures and foliation planes) to semi-massive concentrations up to 0.4 m thick. Chalcopyrite is only locally associated at 1-10%.

The heavily mineralized silicic zones range from a few centimetres to one metre in thickness.Channel sampling of the zone has yielded significant assay grades for both gold and base metals,particularly zinc. The large mineralized area encompassing the Katie prospect has been referredto as the Black Bart zone (following discovery of the mineralized boulders by Black BartProspecting Group, in 1999). This area has been the focus of most of the drilling to date.

Elevated to anomalous gold results obtained in the general prospect area include results from adrill hole located 350m south of the prospect, consisting of 208 ppb Au over 4.0m (at 6.1-10.3m)and 640 ppb Au over 1.0m (at 176.4-177.4m). The upper intersection is part of a 7.0 m widesilicified, pyritized, zone in quartz-sericite schists which includes a 1.0m wide zone having>30% fine-grained sulphide (mainly pyrite) in semi-massive form” (Wilton, 2003); the lowerintersection is described as a “highly silicified dacite with 3-5% stringer sulphide (predominantlypyrrhotite) with pyrite and trace sphalerite” (Wilton, 2003). A 10.75 m wide silicified, pyritic,zone (also in quartz-sericite schists), was intersected in another drill hole nearby. A drillinvestigation of a bull’s eye Gravity anomaly in the vicinty did not explain the gravity responsebut did reveal strong silica-sericite alteration and enriched base metal mineralization in the felsicvolcanics.

The Bruce Pond Epithermal Gold (BPE) Zone is located 1.5 km south of the Katie prospect.A total of 17 holes were drilled in this area, revealing an extensive zone of silicic-sericiticalteration and pervasive quartz vein/veinlet development that is open both alongstrike (to the north and south) and at depth. Here, weak gold mineralization is associated withhigh level (epithermal) features such as chalcedonic quartz, vugs, cockscomb and colloformtextures. Again, host rocks consist of quartz-eye felsic to intermediate crystal-lithic tuffs andschistose (quartz-sericite and chlorite-sericite altered) equivalents. Fragmented quartz-richgranitic-looking rocks, with chlorite fracture fillings and silica rich sections were alsoreported here as well as minor argillite.

8

The MacDonald Zone (MD) is located 700 m south of the Katie prospect. Three holes drilled atthis locality intersected extensive banded silicic horizons (up to 3.5 m thick) characterized byvuggy cavities and hosting abundant, cm-scale, stringer to banded, semi-massive to massivepyrite (French, 2003; File 2D/0513). Gold values of 2.52 g/t and 1.85 g/t were also reported fromthese zones (although no assay widths were recorded). Assay results of up to 3.0% Zn, 0.6% Pb,0.17% Cu & 0.57 oz/t Ag were reported for core sample lengths of up to a metre (again nospecific widths mentioned). An 11.0 m wide zone of silica-sericite alteration intersected in a ,drill hole at 102.1-113.1 m depth hosts 5-7% sulphides, including more concentrated (10-15%)combined pyrite, pyrrhotite, galena, black and brown sphalerite, and possible arsenopyrite over10-15 cm wide intervals.

The Tall Tree (TT) Zone is located about 0.5 southeast of the BPE zone. A 5-hole drillprogram was completed to test a base metal soil anomaly. Results included a9.0 m wide intersection of base metal mineralization (mainly sphalerite) in altered felsicvolcanics (as above), having an average grade of 0.6% Zn pyrite (French, 2003; File2D/0513). Anomalous gold, up to 0.43 g/t, were also reported for the zone (again, no assaywidths mentioned). The mineralization was intersected in two holes located about 100 mapart. Several units of altered granite and leucogranite, and one occurrence of possiblemonzogranite, were encountered in the drill holes as well.

Figure 3: Property Geology

9

Figure 4: Rock Sample Location Map

8.0 2011 EXPLORATION PROGRAM

8.1 Exploration Activities

Exploration work on the properties included soil sampling and general prospecting,lithogeochemical rock sampling and relogging and sampling of drill holes.

Soil samples were collected from four select areas (Figure 5). The sampling was conducted localto or covering old airborne anomalies and in some cases overlapped previous sampling. Sampleswere spaced roughly 100 x 100m and were sent to Eastern Analytical for analysis. Sixty sampleswere collected from the licences. Area A targeted an untested St. Joe airborne anomaly. Area B

10

rechecked and extended previous soil sampling done by Rio Algom in the 1980’s and was alsolocal to an airborne anomaly. Area C targeted a series of airborne anomalies. Area D recheckedprevious soil sampling in an area of intersecting airborne anomalies. Geochemical results areshown in Appendix A.

Fifteen rock geochemical samples were collected from the licences and sent to ActLabs for fulllithogeochemical analysis (Figure 4). Results are shown in Appendix B.

Two diamond drill hole was relogged and three lithogeochemical samples were collected andsent to ActLabs for analysis (Figure 4). Results are shown in Appendix C with drill sections inAppendix D.

Figure 5: Soil Sample Location Map

8.2 Exploration Results

Assessment of lithogeochemical sampling is ongoing and incomplete at this time as there is alarge amount of data to assess from Alterra Resources licences in the area.

Soil sampling and lithogeochemical rock sampling failed to produce any anomalies.

11

9.0 CONCLUSIONS AND RECOMMENDATIONS

The exploration program failed to find any obvious targets for follow up. However, the geology

and mineralization in the area is complex and poorly understood due to poor outcrop control.

Lithogeochemical studies should be continued throughout Alterra licences in the area in an effort

to unravel the geology and control and nature of mineralization.

No further work is recommended for Licence 16643M. A series of trenches is recommended on

licences 12988M and 12985M to determine the source of various airborne anomalies.

10.0 REFERENCES

1. Bell Asbestos Mines Limited

1963: Diamond drilling data from Burnt Hill in the Northwest Gander River area,Newfoundland, Bell Asbestos Mines Limited, NTS 2D/05. Newfoundland and LabradorGeological Survey Assessment File 2D/0059, 6 pages.

2. Bonham, O.J.

1988a: First, second and fourth year assessment report on geological andgeochemical exploration for the Huxter Pond project for licence 2671 on claim blocks1884 and 2256, licence 3086 on claim blocks 5130 and 5132, licence 3126 on claimblock 5241 and licence 3328 on claim blocks 5846-5848 in the Bruce Pond area,Newfoundland. Unpublished report, Rio Algom Exploration Inc. NTS 2D/5.Newfoundland Geological Survey Branch Assessment File 002D/05/0181, 40 pages.

1988b: First and third year assessment report on geological and geochemicalexploration for the Huxter Pond project for licence 2670 on claim blocks 1851 and 2265-2266, licence 2671 on claim blocks 1884 and 2256, licence 3085 on claim blocks 5130and 5132, licence 3087 on claim block 5133, and licence 3088 on claim block 5131 in theBruce Pond area, Newfoundland. Unpublished report, Rio Algom Exploration Inc. NTS2D/5. Newfoundland Geological Survey Branch Assessment File 002D/05/0180, 184pages.

3. Colman-Sadd, S.P.

1985: Geology of the Burnt Hill map area (2D/5), Newfoundland. NewfoundlandDepartment of Mines and Energy, Mineral Development Division, Report 85-3, 94 pages.

4. Dean, M.T. and Wilton, D.H.C

2002: The Katie Prospect and the Potential for Volcanogenic Massive SulphidesIn The Baie D’Espoir Group, South-Central Newfoundland: A Metallogenic and

12

Lithogeochemical Study. Current Research (2002) Newfoundland Department of Minesand Energy Geological Survey Report 02-1, pages 289-303.

5. French, V. A.

2003: Report on Drilling, Digital Compilation and Interpretations. MineralLicence 9493M (formerly 7045M), The Katie Property,central Newfoundland NTS2D/05. For Gallery Resources Limited. Newfoundland and Labrador Geological Survey,Assessment File 2D/05/0513/1-2.

2001: First and second year assessment report on prospecting and geochemicalexploration for licences 7045M, 7054M, 7067M-7068M, 7391M-7393M, 7534M,7538M-7540M, 7553M, 7587M and 7622M-7624M on claims in the Bruce Pond area,central Newfoundland. NTS 2D/05. Gallery Resources Limited, Black Bart Prospectingand Reid, C. Newfoundland and Labrador Geological Survey, Assessment File2D/05/0590, 21 pages.

2001: Supplementary report on geology, prospecting and gridding. License 7624.Forming part of the Katie Property, central Newfoundland NTS 2D/5. Gallery ResourcesLtd. Nfld Assessment File # 002D/05/0603/1

6. Huxhold, P.

1982: Report on the 1982 geological and geochemical ground follow-up of AEMconductors, Bruce Pond Group, Newfoundland. NTS 2D/5 (Lic No. 2156, 2157, 2158,2159, 2161). Unpublished Report, St. Joe Canada Inc, Newfoundland Geological SurveyBranch Assessment File 002D/05/0141, 25 pages.

7. MaGillivray, G.

1986: Huxter Pond Project. Report on Geological Mapping, Geochemical andGeophysical Surveys, Licences 2670 & 2671. Rio Algom Exploration Inc. NTS 2D/5Newfoundland Geological Survey Branch Assessment File 002D/05/0167.

8. Pantelyev, Andrejas:

1991: Gold in the Canadian Cordillera – A Focus on Epithermal and DeeperEnvironments. In Ore Deposits, Metallogeny and Tectonics in the Canadian Cordillera,Paper 1991-4

9. Robertson, D.J.

1986: Third Year assessment report on geological, geochemical, trenching anddiamond drilling exploration for licence 2426 on claim blocks 3215-3217 and 3538 in theGreat Gull Lake area, Newfoundland. NTS 2D/05. Kidd Creek Mines Ltd. Newfoundlandand Labrador Geological Survey Assessment File 2D/0165, 55 pages.

13

10. Snelgrove, A.K.

1934: Chromite Deposits of Newfoundland. Newfoundland Geological Survey,Bulletin 1 [Nfld (31)].

11.Swinden, H.S,. and Thorpe, R.I.

1984: Variations in style of volcanism and massive sulphide deposition in Early toMiddle Ordovician island arc sequences of the Newfoundland Central Mobile Belt.Economic Geology: 79, pages 1596-1619.

12. Tibbo, H G.

1982: Report on a soil geochemistry programme for licence 1971 on claim block1595 in the Burnt Hill area, Hermitage District, central Newfoundland. Tasu ResourcesLimited. NTS 2D/05. Newfoundland and Labrador Geological Survey, Assessment File2D/05/0134, 17 pages.

1984: Report on Metallurgical investigations of chromite on the Burnt HillProspect, claim block 1953, licence 1971, central Newfoundland, Hermitage District.Tasu Resources Limited, unpublished report, 8 pages.

1984: Fourth year assessment report on geochemical exploration for the BurntHill project for licence 2432 on claim blocks 1593-1595 in the Northwest Gander Riverarea, central Newfoundland. NTS 2D/05. Tasu Resources Limited. Newfoundland andLabrador Geological Survey, Assessment File 2D/05/0149, 34 pages.

1984: First year assessment report on geochemical exploration for the Burnt Hillproject for licence 2385 on claim block 1600 and claims 13941-13944 and 14351 in theNorthwest Gander River area, central Newfoundland. NTS 2D/05. Tasu ResourcesLimited. Newfoundland and Labrador Geological Survey, Assessment File 2D/05/0151,91 pages.

13. White, Noel C. and Hedenquist,Jeffrey W.

1995: Epithermal Gold Deposits: Styles, Characteristics and Exploration.Published in SEG Newsletter, 1995, No 23, pages 1, 9-13.

14. Williamson, T.C.

1993: First year assessment on geochemical and geophysical exploration for theGander Recon-Newfoundland Project on licences 4230 on claim blocks 7822-7838,licences 4258 claim block 7785 and licence 4268 in the Coy Pond, Little Gull Lake andBruce Pond areas, Newfoundland. NTS 2D/05 & 2D/06. BHP Minerals Canada Ltd.,Newfoundland and Labrador Geological Survey Assessment File 2D/0285, 247 pages.

14

1994: Second year assessment report on trenching and diamond drillingexploration for the Little Gull Project for licences 4230 on claim blocks 7783, 7829, 7835and 7838, and licence 4268 on claim block 7784in the Bruce Pond area, Newfoundland.NTS 2D/05. BHP Minerals Canada Ltd., Newfoundland and Labrador Geological SurveyAssessment File 2D/0299, 74 pages.

Appendix A

Sample East NAD 27 North NAD 27 East NAD 83 North NAD 83 Type Licence

38001 602589 5356010 602650 5356226 Soil 16643M

38002 602686 5356014 602747 5356230 Soil 16643M

38003 602788 5356007 602849 5356223 Soil 16643M

38004 602792 5355907 602853 5356123 Soil 16643M

38005 602703 5355884 602764 5356100 Soil 16643M

38006 602582 5355902 602643 5356118 Soil 16643M

38007 602623 5355780 602684 5355996 Soil 16643M

38008 602684 5355806 602745 5356022 Soil 16643M

38009 602786 5355808 602847 5356024 Soil 16643M

38010 602794 5355714 602855 5355930 Soil 16643M

38011 602696 5355709 602757 5355925 Soil 16643M

38012 602594 5355712 602655 5355928 Soil 16643M

38013 602616 5355570 602677 5355786 Soil 16643M

38014 602713 5355596 602774 5355812 Soil 16643M

38015 602794 5355612 602855 5355828 Soil 16643M

38016 607288 5356308 607349 5356524 Soil 12985M

38017 607193 5356311 607254 5356527 Soil 12985M

38018 607089 5356309 607150 5356525 Soil 12985M

38019 607046 5356202 607107 5356418 Soil 12985M

38020 607084 5356098 607145 5356314 Soil 12985M

38021 607190 5356102 607251 5356318 Soil 12985M

38022 607179 5356231 607240 5356447 Soil 12985M

38023 607296 5356223 607357 5356439 Soil 12985M

38024 607264 5356097 607325 5356313 Soil 12985M

38025 607405 5356097 607466 5356313 Soil 12985M

38026 607391 5356211 607452 5356427 Soil 12985M

38027 607378 5356292 607439 5356508 Soil 12985M

38028 607489 5356306 607550 5356522 Soil 12985M

38029 607485 5356215 607546 5356431 Soil 12985M

38030 603796 5355221 603857 5355437 Soil 12988M

38031 603685 5355219 603746 5355435 Soil 12988M

38032 603688 5355315 603749 5355531 Soil 12988M

38033 603693 5355406 603754 5355622 Soil 12988M38033 603693 5355406 603754 5355622 Soil 12988M

38034 603792 5355413 603853 5355629 Soil 12988M

38035 603786 5355307 603847 5355523 Soil 12988M

38036 603882 5355419 603943 5355635 Soil 12988M

38037 603869 5355259 603930 5355475 Soil 12988M

38038 603891 5355214 603952 5355430 Soil 12988M

38039 603990 5355204 604051 5355420 Soil 12988M

38040 603982 5355307 604043 5355523 Soil 12988M

38041 603991 5355417 604052 5355633 Soil 12988M

38042 603987 5355505 604048 5355721 Soil 12988M

38043 603894 5355508 603955 5355724 Soil 12988M

38044 603792 5355505 603853 5355721 Soil 12988M

38045 603714 5355504 603775 5355720 Soil 12988M

38046 604957 5355158 605018 5355374 Soil 12988M

38047 604851 5355165 604912 5355381 Soil 12988M

38048 604758 5355156 604819 5355372 Soil 12988M

38049 604793 5355305 604854 5355521 Soil 12988M

38050 604889 5355305 604950 5355521 Soil 12988M

38051 604989 5355306 605050 5355522 Soil 12988M

38052 605019 5355422 605080 5355638 Soil 12988M

38053 604880 5355420 604941 5355636 Soil 12988M

38054 604796 5355421 604857 5355637 Soil 12988M

38055 604777 5355517 604838 5355733 Soil 12988M

38056 604887 5355519 604948 5355735 Soil 12988M

38057 605015 5355517 605076 5355733 Soil 12988M

38058 605089 5355504 605150 5355720 Soil 12988M

38059 605091 5355412 605152 5355628 Soil 12988M

38060 605115 5355319 605176 5355535 Soil 12988M

Au Fire Assay/ICP Geochemistry Certificate

Client: Alterra Resources Inc.

Geologist: Colin Thistle Eastern Analytical Limited

Project: 012988M P.O. Box 187

Sample: Soil Little Bay Road Signed by:______________________

Springdale, NL

DskFile: 643-1101488 A0J 1T0 (Concentrations in assay range

may cause interferences in

DateIn: September 12, 2011 Phone: 709-673-3909 associated elements.)

DateOut: October 03, 2011 Fax: 709-673-3408

Email:[email protected]

---------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- --------

Sample Au Ce Sr Ba Fe P Hg Mg As V Na Mo Al Be Ca Zn Cu Sb Ag Pb Bi Ti Cd Co Ni W La K Mn Sn Cr

Number ppb ppm ppm ppm % % ppm % ppm ppm % ppm % ppm % ppm ppm ppm ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm

----------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- --------

Blank - Au 5 --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Std - Au 395 --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Blank --- 10 1 10 0.01 0.01 1 0.01 5 1 0.01 1 0.01 0.5 0.01 1 1 5 0.2 2 8 0.01 0.5 1 1 10 10 0.01 5 20 1

Lksd-2 --- 114 19 163 2.79 0.10 1 0.49 7 32 0.02 1 1.22 0.6 0.48 186 31 5 0.8 28 2 0.03 1.3 15 17 10 30 0.16 1294 20 23

38030 5 15 6 10 4.17 0.01 1 1.34 8 121 0.01 1 2.44 0.5 0.07 44 6 5 0.2 2 2 0.19 0.8 19 4 10 10 0.06 316 20 12

38031 5 10 7 13 5.01 0.01 1 1.70 23 170 0.01 1 2.54 0.5 0.01 45 5 5 0.2 2 2 0.14 1.1 17 4 10 10 0.19 381 20 47

38032 5 23 4 12 1.82 0.02 1 0.41 50 19 0.01 1 1.93 0.5 0.02 33 6 5 0.2 9 2 0.01 0.5 4 4 10 10 0.03 104 20 11

38033 5 23 5 17 3.12 0.03 1 0.37 70 37 0.01 1 2.93 0.5 0.02 58 12 5 0.2 5 2 0.04 0.8 8 12 10 10 0.02 182 20 23

38034 5 18 7 10 4.74 0.02 1 0.31 43 58 0.01 1 2.06 0.5 0.02 33 14 5 0.2 3 2 0.11 1.0 7 4 10 10 0.08 133 20 23

38035 5 10 8 10 5.98 0.02 1 0.53 5 169 0.01 1 2.32 0.5 0.03 31 13 5 0.2 2 2 0.30 1.2 12 1 10 10 0.04 198 20 7

38036 5 30 5 10 3.12 0.02 1 0.29 103 25 0.01 1 2.67 0.5 0.02 56 23 5 0.2 7 2 0.03 0.6 7 12 10 10 0.03 207 20 35

38036 DUP 5 30 5 10 2.91 0.02 1 0.27 97 23 0.01 1 2.50 0.5 0.02 53 21 5 0.2 7 2 0.03 0.6 7 12 10 10 0.02 184 20 33

38037 5 22 3 10 2.07 0.02 1 0.24 42 30 0.01 1 2.01 0.5 0.01 27 10 5 0.2 4 2 0.04 0.5 5 12 10 10 0.02 86 20 26

38038 5 13 8 10 4.77 0.04 1 0.15 39 54 0.01 1 3.84 0.5 0.01 25 10 5 0.2 3 2 0.08 1.1 6 6 10 10 0.01 155 20 38

38039 5 13 5 14 1.43 0.01 1 0.13 46 14 0.01 1 0.69 0.5 0.07 28 4 5 0.2 17 2 0.01 0.5 5 3 10 10 0.02 44 20 5

38040 5 41 4 10 2.46 0.02 1 0.37 69 21 0.01 1 2.45 0.5 0.01 38 22 5 0.2 7 2 0.02 0.5 8 31 10 10 0.03 153 20 41

38041 5 26 4 10 2.81 0.04 1 0.38 73 20 0.01 2 2.38 0.5 0.01 53 21 5 0.2 5 2 0.01 0.6 4 16 10 10 0.01 123 20 34

38042 5 27 5 11 3.40 0.05 1 0.22 199 27 0.01 2 2.25 0.5 0.01 56 15 5 0.3 6 2 0.01 0.7 4 9 10 10 0.02 153 20 27

38043 5 22 4 10 2.81 0.03 1 0.33 82 24 0.01 1 2.99 0.5 0.01 68 19 5 0.2 6 2 0.02 0.6 6 20 10 10 0.02 138 20 33

38044 5 26 5 14 3.65 0.04 1 0.37 57 45 0.01 1 3.00 0.5 0.01 50 15 5 0.2 6 2 0.06 0.7 8 25 10 10 0.05 143 20 38

38045 5 26 7 11 4.14 0.02 1 0.26 78 56 0.01 1 1.63 0.5 0.01 43 14 5 0.2 7 2 0.06 0.9 7 18 10 10 0.04 131 20 2738045 5 26 7 11 4.14 0.02 1 0.26 78 56 0.01 1 1.63 0.5 0.01 43 14 5 0.2 7 2 0.06 0.9 7 18 10 10 0.04 131 20 27

38046 5 26 4 10 2.60 0.03 1 0.19 20 29 0.01 1 2.04 0.5 0.01 18 13 5 0.2 4 2 0.01 0.5 5 10 10 10 0.02 96 20 67

38047 5 16 6 15 2.07 0.01 1 0.56 5 51 0.01 1 1.85 0.5 0.21 15 27 5 0.2 2 2 0.12 0.5 10 28 10 10 0.02 125 20 135

38048 5 21 5 10 3.28 0.11 1 0.18 37 33 0.01 1 3.17 0.5 0.01 44 17 5 0.2 4 2 0.03 0.7 4 8 10 10 0.02 140 20 52

38049 5 26 4 12 2.78 0.04 1 0.29 19 22 0.01 1 3.23 0.5 0.01 37 15 5 0.2 5 2 0.01 0.6 7 13 10 10 0.03 192 20 21

38050 5 21 5 10 2.92 0.05 1 0.23 12 22 0.01 1 3.00 0.5 0.01 37 10 5 0.2 4 2 0.01 0.6 5 13 10 10 0.02 189 20 28

38051 5 32 6 10 4.04 0.03 1 0.14 17 72 0.01 1 1.19 0.5 0.01 19 5 5 0.2 3 2 0.03 0.8 3 3 10 10 0.02 99 20 18

38052 5 43 4 17 1.41 0.02 1 0.44 7 21 0.01 1 1.06 0.5 0.06 29 17 5 0.2 8 2 0.02 0.5 10 23 10 10 0.03 123 20 17

38053 5 29 4 10 2.35 0.04 1 0.29 16 27 0.01 1 4.11 0.5 0.01 22 16 5 0.2 5 2 0.01 0.5 7 9 10 10 0.01 107 20 44

38053 DUP 5 29 4 10 2.34 0.05 1 0.29 17 27 0.01 1 4.33 0.5 0.01 22 17 5 0.2 6 2 0.01 0.5 7 9 10 10 0.01 107 20 45

38054 5 22 4 10 2.46 0.06 1 0.14 10 25 0.01 1 4.15 0.5 0.01 21 12 5 0.2 3 2 0.02 0.5 3 8 10 10 0.02 76 20 36

38055 5 23 5 10 3.19 0.04 1 0.20 11 23 0.01 1 3.00 0.5 0.01 25 6 5 0.2 2 2 0.01 0.6 2 4 10 10 0.02 57 20 19

38056 5 34 6 10 3.12 0.01 1 0.58 13 33 0.01 1 2.06 0.5 0.01 39 5 5 0.2 10 2 0.01 0.6 6 26 10 10 0.04 185 20 33

38057 5 46 3 17 1.40 0.01 1 0.33 9 14 0.01 11 0.93 0.5 0.04 25 12 5 0.2 7 2 0.01 0.5 7 27 10 10 0.02 132 20 16

38058 5 41 5 10 2.89 0.03 1 0.06 20 17 0.01 1 1.38 0.5 0.01 29 4 5 0.2 4 2 0.01 0.6 4 25 10 10 0.02 175 20 15

38059 5 38 3 10 1.47 0.02 1 0.39 5 24 0.01 1 1.16 0.5 0.01 17 2 5 0.2 3 2 0.01 0.5 2 2 10 10 0.02 66 20 5

38060 5 40 3 12 1.08 0.01 1 0.34 5 12 0.01 1 0.84 0.5 0.05 20 5 5 0.2 5 2 0.01 0.5 5 16 10 10 0.02 85 20 13

Au Fire Assay/ICP Geochemistry Certificate

Client: Alterra Resources Inc.

Geologist: Colin Thistle Eastern Analytical Limited

Project: 012985M P.O. Box 187

Sample: Soil Little Bay Road Signed by:______________________

Springdale, NL

DskFile: 643-1101489 A0J 1T0 (Concentrations in assay range

may cause interferences in

DateIn: September 12, 2011 Phone: 709-673-3909 associated elements.)

DateOut: September 30, 2011 Fax: 709-673-3408

Email:[email protected]

---------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- --------

Sample Au Ce Sr Ba Fe P Hg Mg As V Na Mo Al Be Ca Zn Cu Sb Ag Pb Bi Ti Cd Co Ni W La K Mn Sn Cr

Number ppb ppm ppm ppm % % ppm % ppm ppm % ppm % ppm % ppm ppm ppm ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm

----------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- --------

Blank - Au 5 --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Std - Au 390 --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Blank --- 10 1 10 0.01 0.01 1 0.01 5 1 0.01 1 0.01 0.5 0.01 1 1 5 0.2 2 8 0.01 0.5 1 1 10 10 0.01 5 20 1

Lksd-2 --- 114 19 163 2.79 0.10 1 0.49 7 32 0.02 1 1.22 0.6 0.48 186 31 5 0.8 28 2 0.03 1.3 15 17 10 30 0.16 1294 20 23

38016 5 21 3 11 2.31 0.06 1 0.15 15 15 0.01 1 3.04 0.5 0.01 32 6 5 0.2 6 2 0.02 0.5 3 10 10 10 0.03 68 20 21

38017 5 27 5 10 3.05 0.03 1 0.09 12 21 0.01 1 2.30 0.5 0.01 12 4 5 0.2 10 2 0.03 0.7 3 2 10 10 0.02 81 20 24

38017 DUP 5 27 5 10 3.22 0.03 1 0.09 12 22 0.01 1 2.34 0.5 0.01 12 4 5 0.2 10 2 0.03 0.7 3 2 10 10 0.02 84 20 24

38018 5 33 3 10 1.61 0.03 1 0.26 14 10 0.01 1 1.50 0.5 0.02 19 6 5 0.2 3 2 0.02 0.5 3 14 10 10 0.04 63 20 19

38019 5 32 3 13 1.04 0.03 1 0.26 6 14 0.01 1 0.86 0.5 0.07 19 5 5 0.2 4 2 0.02 0.5 4 21 10 10 0.05 73 20 14

38020 5 51 5 12 3.05 0.02 1 0.20 17 22 0.01 1 1.09 0.5 0.01 23 5 5 0.2 5 2 0.07 0.6 7 8 10 10 0.14 198 20 12

38021 5 38 4 10 2.31 0.03 1 0.07 13 14 0.01 1 1.24 0.5 0.02 14 4 5 0.2 5 2 0.02 0.5 2 3 10 10 0.03 55 20 8

38022 5 35 4 12 0.72 0.04 1 0.28 5 9 0.01 1 0.64 0.5 0.09 24 6 5 0.2 5 3 0.02 0.5 3 19 10 10 0.05 75 20 14

38023 5 41 3 14 1.15 0.03 1 0.30 5 10 0.01 1 0.91 0.5 0.04 26 9 5 0.2 9 2 0.02 0.5 4 18 10 10 0.06 87 20 13

38024 5 26 6 13 1.48 0.02 1 0.31 5 12 0.01 1 0.91 0.5 0.08 28 3 5 0.2 7 2 0.03 0.5 4 9 10 10 0.09 78 20 8

38025 5 22 4 13 2.20 0.02 1 0.23 7 25 0.01 1 1.73 0.5 0.02 22 8 5 0.2 10 2 0.06 0.5 4 8 10 10 0.03 72 20 21

38026 5 22 4 10 2.47 0.03 1 0.21 13 18 0.01 1 2.62 0.5 0.02 22 8 5 0.2 7 2 0.03 0.5 4 11 10 10 0.02 73 20 26

38027 5 27 3 10 1.36 0.02 1 0.26 18 13 0.01 1 1.42 0.5 0.04 16 5 5 0.2 4 2 0.02 0.5 3 12 10 10 0.02 84 20 16

38028 5 25 5 10 3.20 0.04 1 0.14 27 21 0.01 1 4.38 0.5 0.02 18 12 5 0.2 7 2 0.04 0.7 4 7 10 10 0.02 65 20 38

38029 5 30 5 14 2.10 0.01 1 0.17 24 16 0.01 1 0.78 0.5 0.05 22 4 5 0.2 3 2 0.02 0.5 4 5 10 10 0.03 161 20 10

Au Fire Assay/ICP Geochemistry Certificate

Client: Alterra Resources Inc.

Geologist: Colin Thistle Eastern Analytical Limited

Project: 016643M P.O. Box 187

Sample: Soil Little Bay Road Signed by:______________________

Springdale, NL

DskFile: 643-1101490 A0J 1T0 (Concentrations in assay range

may cause interferences in

DateIn: September 12, 2011 Phone: 709-673-3909 associated elements.)

DateOut: September 30, 2011 Fax: 709-673-3408

Email:[email protected]

---------------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- --------

Sample Au Ce Sr Ba Fe P Hg Mg As V Na Mo Al Be Ca Zn Cu Sb Ag Pb Bi Ti Cd Co Ni W La K Mn Sn Cr

Number ppb ppm ppm ppm % % ppm % ppm ppm % ppm % ppm % ppm ppm ppm ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm

----------------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- --------

Blank - Au 5 --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Std - Au 390 --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Blank --- 10 1 10 0.01 0.01 1 0.01 5 1 0.01 1 0.01 0.5 0.01 1 1 5 0.2 2 8 0.01 0.5 1 1 10 10 0.01 5 20 1

Lksd-2 --- 114 19 163 2.79 0.10 1 0.49 7 32 0.02 1 1.22 0.6 0.48 186 31 5 0.8 28 2 0.03 1.3 15 17 10 30 0.16 1294 20 23

38001 5 10 8 10 5.26 0.03 1 0.30 5 158 0.02 1 1.60 0.5 0.06 24 13 5 0.2 2 2 0.24 1.2 9 1 10 10 0.02 180 20 16

38002 5 10 9 16 6.38 0.02 1 0.55 5 243 0.01 1 1.73 0.5 0.06 45 6 5 0.2 2 2 0.39 1.5 14 1 10 10 0.06 240 20 11

38003 5 27 10 26 4.76 0.03 1 0.95 43 112 0.02 1 1.92 0.5 0.20 91 27 5 0.2 3 2 0.16 1.1 18 13 10 10 0.14 396 20 22

38004 5 19 3 10 2.42 0.02 1 0.60 16 48 0.01 1 2.14 0.5 0.02 32 27 5 0.2 3 2 0.07 0.6 15 26 10 10 0.03 243 20 31

38005 5 11 9 10 6.49 0.03 1 0.42 15 130 0.01 1 3.38 0.5 0.07 57 20 5 0.2 2 2 0.17 1.5 12 8 10 10 0.03 175 20 29

38006 5 16 3 10 1.78 0.01 1 0.46 8 32 0.01 1 1.32 0.5 0.03 22 14 5 0.2 2 2 0.05 0.5 6 19 10 10 0.03 132 20 22

38007 5 18 3 10 2.31 0.04 1 0.30 7 40 0.01 1 4.75 0.5 0.03 17 14 5 0.2 2 2 0.07 0.5 4 8 10 10 0.02 81 20 25

38008 5 11 5 10 3.32 0.03 1 0.52 15 67 0.01 1 3.18 0.5 0.02 53 20 5 0.2 2 2 0.10 0.8 11 11 10 10 0.02 200 20 28

38009 5 24 3 10 1.39 0.01 1 0.16 5 31 0.01 1 1.10 0.5 0.02 15 5 5 0.2 3 2 0.03 0.5 3 6 10 10 0.02 72 20 16

38010 5 18 12 38 4.32 0.07 1 1.24 77 118 0.01 1 2.14 0.5 0.40 52 18 5 0.2 2 2 0.12 1.0 18 15 10 10 0.20 560 20 32

38011 5 14 4 10 2.56 0.02 1 0.15 5 46 0.01 1 1.33 0.5 0.02 17 7 5 0.2 2 2 0.09 0.6 4 1 10 10 0.01 125 20 5

38012 5 10 9 10 6.79 0.03 1 0.40 5 259 0.01 1 1.58 0.5 0.02 21 14 5 0.2 2 2 0.27 1.5 12 1 10 10 0.01 285 20 25

38013 5 14 5 10 2.76 0.01 1 0.62 17 64 0.01 1 1.82 0.5 0.05 40 9 5 0.2 3 2 0.11 0.6 11 7 10 10 0.03 386 20 19

38014 5 19 5 10 2.94 0.02 1 0.55 22 61 0.01 1 2.97 0.5 0.03 32 18 5 0.2 2 2 0.09 0.6 10 19 10 10 0.03 178 20 30

38015 5 10 5 10 3.63 0.03 1 0.38 8 80 0.01 1 2.76 0.5 0.02 32 12 5 0.2 2 2 0.13 0.8 8 7 10 10 0.01 226 20 20

Appendix B

Sample East NAD 27 North NAD 27 East NAD 83 North NAD 83 Chem # Type

KT11-001 605792 5355407 605853 5355623 459876 Rock

KT11-002 605303 5355476 605364 5355692 459877 Rock

KT11-003 605198 5355519 605259 5355735 Rock

KT11-004 605032 5355547 605093 5355763 Rock

KT11-006 605445 5355609 605506 5355825 459878 Rock

KT11-007 607225 5356957 607286 5357173 459879 Rock

KT11-008 607357 5356936 607418 5357152 459880 Rock

KT11-009 607894 5356989 607955 5357205 459881 Rock

KT11-010 607698 5356713 607759 5356929 459882 Rock

KT11-011 607337 5356521 607398 5356737 459883 Rock

KT11-012 607740 5356544 607801 5356760 459884 Rock

KT11-013 607646 5356444 607707 5356660 459885 Rock

KT11-014 607364 5356414 607425 5356630 459886 Rock

KT11-015 602449 5356014 602510 5356230 459887 Rock

KT11-016 603144 5355819 603205 5356035 459888 Rock

KT11-017 603009 5356087 603070 5356303 459889 Rock

KT11-018 603780 5355318 603841 5355534 459890 Rock

KT11-019 603707 5355524 603768 5355740 459891 RockKT11-019 603707 5355524 603768 5355740 459891 Rock

KT11-020 604853 5355166 604914 5355382 459892 Rock

KT11-021 604834 5355148 604895 5355364 459893 Rock

CERTIFICATE OF ANALYSIS

Innovative Technologies Quality Analysis ...

Invoice No.:

Invoice Date:

Date Submitted:

Your Reference:

21-Oct-11

26-Sep-11

A11-10512

Alterra Resources

P.O. Box 21460 Bowater AvenuePort Hope Simpson NL A0K 4E0Canada

VP of Exploration Randy Miller (resultATTN:

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or +1.888.228.5227 FAX +1.905.648.9613

E-MAIL [email protected] ACTLABS GROUP WEBSITE www.actlabs.com

Emmanuel Eseme , Ph.D.

CERTIFIED BY :

REPORT A11-10512

Notes:

7 Rock samples were submitted for analysis.

Code 8-REE Assay Package Major Elements Fusion ICP(WRA)/Trace Elements Fusion ICP/MS(WRA4B2)

Total includes all elements in % oxide to the left of total.

Quality Control

The following analytical package was requested:

Activation Laboratories Ltd. Report: A11-10512SiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O TiO2 P2O5 LOI Total Sc Be V Cr Co Ni Cu Zn Ga Ge As RbAnalyte Symbol

% % % % % % % % % % % % ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol0.01 0.01 0.01 0.001 0.01 0.01 0.01 0.01 0.001 0.01 0.01 1 1 5 20 1 20 10 30 1 1 5 2Detection Limit

FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

459880 Missing Sample

64.29 13.79 0.120 1.79459881 0.99 0.82 4.70 1.649 0.30 3.50 100.3 28 3 166 < 20 16 < 20 < 10 80 22 3 5 1288.35

76.27 11.69 0.046 0.61459882 0.22 1.23 3.57 0.595 0.15 1.97 99.55 10 3 51 < 20 4 < 20 < 10 < 30 16 3 13 1103.21

64.62 13.78 0.103 2.29459883 0.95 3.00 2.92 1.311 0.24 2.40 100.1 23 3 132 < 20 14 < 20 < 10 90 23 2 6 728.47

70.28 13.48 0.084 1.26459884 0.93 0.77 4.33 0.267 0.06 3.24 98.34 11 3 12 < 20 1 < 20 < 10 80 22 3 < 5 1323.64

72.21 14.53 0.058 0.59459885 0.21 1.22 4.91 0.770 0.17 2.26 100.3 13 3 63 < 20 8 < 20 < 10 50 19 3 18 1533.34

68.84 14.03 0.059 0.95459886 1.17 2.03 4.45 0.723 0.17 2.70 100.3 13 3 60 < 20 9 < 20 < 10 80 20 2 11 1605.15

Page 2 of 7

Activation Laboratories Ltd. Report: A11-10512Sr Y Zr Nb Mo Ag In Sn Sb Cs Ba Bi La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er TmAnalyte Symbol

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol2 2 4 1 2 0.5 0.2 1 0.5 0.5 3 0.4 0.1 0.1 0.05 0.1 0.1 0.05 0.1 0.1 0.1 0.1 0.1 0.05Detection Limit

FUS-ICP FUS-ICP FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

459880 Missing Sample

78 45 16 < 2459881 1.0 < 0.2 7 0.9 6.0 330 < 0.4 33.1 72.3 9.69 35.2 8.4 2.07 9.4 1.3 8.7 1.7 5.2 0.74278

27 34 11 2459882 0.8 < 0.2 7 2.0 4.7 494 2.6 35.0 72.6 9.20 32.4 6.9 1.24 7.4 1.0 6.4 1.3 3.7 0.54201

189 48 16 < 2459883 0.9 < 0.2 6 1.5 4.6 594 < 0.4 34.4 69.5 9.12 33.7 8.0 1.84 9.1 1.3 8.5 1.8 5.2 0.74269

37 52 12 < 2459884 0.8 < 0.2 8 1.1 3.3 461 0.4 43.7 91.7 11.6 40.3 9.6 1.59 9.5 1.4 9.0 1.8 5.6 0.85264

21 41 20 < 2459885 1.3 < 0.2 6 8.3 4.4 531 < 0.4 39.2 82.0 9.84 39.4 9.0 1.58 8.6 1.4 8.1 1.6 4.6 0.71256

36 42 12 < 2459886 < 0.5 < 0.2 5 < 0.5 5.4 597 < 0.4 42.5 88.9 10.8 39.6 8.7 1.50 8.8 1.4 8.2 1.5 4.7 0.67267

Page 3 of 7

Activation Laboratories Ltd. Report: A11-10512Yb Lu Hf Ta W Tl Pb Th UAnalyte Symbol

ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol0.1 0.04 0.2 0.1 1 0.1 5 0.1 0.1Detection Limit

FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

459880 Missing Sample

4.9 0.85 1.1 2459881 0.6 19 10.9 2.77.2

3.5 0.57 0.8 4459882 0.5 27 12.4 3.25.5

4.9 0.79 1.0 2459883 0.4 26 10.1 3.26.8

5.6 0.91 1.0 3459884 0.6 34 14.4 4.46.7

4.6 0.77 1.2 2459885 1.0 15 14.2 3.67.6

4.4 0.72 1.0 2459886 0.8 22 14.2 3.56.3

Page 4 of 7

Activation Laboratories Ltd. Report: A11-10512

Quality Control

SiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O TiO2 P2O5 Sc Be V Cr Co Ni Cu Zn Ga Ge As Rb Sr YAnalyte Symbol% % % % % % % % % % ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol

0.01 0.01 0.01 0.001 0.01 0.01 0.01 0.01 0.001 0.01 1 1 5 20 1 20 10 30 1 1 5 2 2 2Detection LimitFUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-ICP FUS-ICPAnalysis Method

TAN-1 Meas

TAN-1 Cert

47.18 18.69 0.147 9.91DNC-1 Meas 11.37 1.92 0.23 0.481 0.08 31 146 270 59 250 146 159.68

47.15 18.34 0.150 10.13DNC-1 Cert 11.49 1.890 0.234 0.480 0.070 31 148.0 270.000 57.0 247.000 144.0 18.0 9.97

71.04 12.71 0.137 0.14GBW 07113 Meas 0.56 2.37 5.33 0.278 0.05 5 4 < 5 41 453.13

72.8 13.0 0.140 0.160GBW 07113 Cert 0.590 2.57 5.43 0.300 0.0500 5.00 4.00 5.00 43.0 43.03.21

LKSD-3 Meas 29

LKSD-3 Cert 27.0

52.63 15.23 0.166 6.20W-2a Meas 10.89 2.16 0.64 1.062 0.16 35 < 1 263 80 43 110 80 18 21 194 2010.67

52.4 15.4 0.163 6.37W-2a Cert 10.9 2.14 0.626 1.06 0.130 36.0 1.30 262 92.0 43.0 110 80.0 17.0 21.0 190 24.010.7

49.92 20.98 0.107 0.50SY-4 Meas 8.07 7.04 1.69 0.290 0.14 < 1 3 6 1194 1176.13

49.9 20.69 0.108 0.54SY-4 Cert 8.05 7.10 1.66 0.287 0.131 1.1 2.6 8.0 1191 119 6.21

CTA-AC-1 Meas

CTA-AC-1 Cert

47.63 15.46 0.172 9.41BIR-1a Meas 13.38 1.82 0.02 0.972 0.03 43 < 1 317 380 56 170 16 109 1411.32

47.96 15.50 0.175 9.700BIR-1a Cert 13.30 1.82 0.030 0.96 0.021 44 0.58 310 370 52 170 16 110 16 11.30

NCS DC86312 Meas

NCS DC86312 Cert

ZW-C Meas 1050 98

ZW-C Cert 1050 99

NCS DC70014 Meas 25 60 2600 7390 25

NCS DC70014 Cert 26.2 70.9 2600.00 7400.00 25.2

NCS DC86316 Meas

NCS DC86316 Cert

NCS DC70009 (GBW07241) Meas

20 3 < 20 940 16 11 69 498

NCS DC70009 (GBW07241) Cert

30 3.7 2.8 960.000 16.5 11.2 69.9 500.00

OREAS 100a (Fusion) Meas

17 170

OREAS 100a (Fusion) Cert

18.1 169

OREAS 101a (Fusion) Meas

46 440

OREAS 101a (Fusion) Cert

48.8 434

JR-1 Meas < 20 < 1 < 20 17 267

JR-1 Cert 2.83 0.83 1.67 16.1 257

NCS DC86318 Meas

NCS DC86318 Cert

USZ 25-2006 Meas

USZ 25-2006 Cert

USZ 42-2006 Meas 490

USZ 42-2006 Cert 469

68.82 14.13 0.059 0.94459886 Orig 1.18 1.99 4.45 0.716 0.17 13 3 60 < 20 9 < 20 < 10 70 19 3 13 162 35 415.12

68.86 13.94 0.059 0.96459886 Dup 1.16 2.06 4.46 0.730 0.18 13 3 60 < 20 9 < 20 10 80 20 2 9 158 36 435.19

Method Blank Method Blank

< 20 < 1 < 20 < 10 < 30 < 1 < 1 < 5 < 2

Page 5 of 7

Activation Laboratories Ltd. Report: A11-10512

Quality Control

Zr Nb Mo Ag In Sn Sb Cs Ba Bi La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb LuAnalyte Symbolppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol

4 1 2 0.5 0.2 1 0.5 0.5 3 0.4 0.1 0.1 0.05 0.1 0.1 0.05 0.1 0.1 0.1 0.1 0.1 0.05 0.1 0.04Detection LimitFUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

TAN-1 Meas

TAN-1 Cert

35DNC-1 Meas 1.2 106 3.8 5.3 0.61 2.0

38DNC-1 Cert 0.96 118 3.6 5.20 0.59 2.0

387GBW 07113 Meas 491

403GBW 07113 Cert 506

2.0LKSD-3 Meas 4 0.8 2.1 41.7 4.8 2.4 0.37< 2

2.70LKSD-3 Cert 3.00 1.30 2.30 44.0 4.90 2.70 0.4002.00

85 7 < 0.5W-2a Meas 0.8 0.9 173 < 0.4 10.9 23.8 13.8 3.5 0.7 0.8 2.3 2.2 0.35< 2

94.0 7.90 0.0460W-2a Cert 0.790 0.990 182 0.0300 10.0 23.0 13.0 3.30 0.630 0.760 2.50 2.10 0.3300.600

543SY-4 Meas 348

517SY-4 Cert 340

CTA-AC-1 Meas 2280 3370 172 47.8 11.5

CTA-AC-1 Cert 2176 3326 162 46.7 11.4

15 < 1BIR-1a Meas 0.9 8 2.6 0.57 1.9 1.8 0.28

18 0.6BIR-1a Cert 0.58 6 2.5 0.55 2.0 1.7 0.3

NCS DC86312 Meas 2130 1490 207 182 35.3 90.8 13.2 80.2 11.7

NCS DC86312 Cert 2360.000 1600.000 225.0 183.00 35.70 96.2 15.1 87.79 11.96

209ZW-C Meas

198ZW-C Cert

16.8NCS DC70014 Meas 180 80.3 43.1 81.6 10.5 40.6 8.1 1.73 7.9 1.2 7.2 1.4 3.6 0.56 3.6 0.55270

16.7NCS DC70014 Cert 180.000 80.3 45.3 87.0 10.8 39.9 8.0 1.8 7.4 1.1 6.7 1.3 3.5 0.57 3.3 0.50 270

NCS DC86316 Meas

NCS DC86316 Cert

2.0 1.3NCS DC70009 (GBW07241) Meas

1700 3.0 39.7 7.19 11.3 14.0 3.0 21.4 4.4 12.6 2.23 15.4 2.27

1.8 1.3NCS DC70009 (GBW07241) Cert

1701.000 3.1 41 7.9 12.5 14.8 3.3 20.7 4.5 13.4 2.2 14.9 2.4

OREAS 100a (Fusion) Meas

251 439 48.2 156 24.1 3.72 24.2 3.7 25.3 15.0 2.43 15.6 2.3023

OREAS 100a (Fusion) Cert

260 463 47.1 152 23.6 3.71 23.6 3.80 23.2 14.9 2.31 14.9 2.26 24.1

OREAS 101a (Fusion) Meas

755 1310 132 397 49.6 7.99 44.6 5.5 33.8 6.9 19.1 2.93 18.2 2.6320

OREAS 101a (Fusion) Cert

816 1396 134 403 48.8 8.06 43.4 5.92 33.3 6.46 19.5 2.90 17.5 2.66 21.9

16 < 0.5 < 0.2JR-1 Meas 6 1.6 21.0 0.6 19.6 45.1 24.7 6.0 0.30 1.0 5.0 0.753

15.2 0.031 0.028JR-1 Cert 2.86 1.19 20.8 0.56 19.7 47.2 23.3 6.03 0.30 1.01 4.55 0.71 3.25

NCS DC86318 Meas 1940 401 707 3330 1620 18.1 2130 479 3180 557 1690 271 1740 250

NCS DC86318 Cert 1960 430 740 3430 1720 18.91 2095 470 3220 560 1750 270 1840 260.0

USZ 25-2006 Meas

USZ 25-2006 Cert

USZ 42-2006 Meas

USZ 42-2006 Cert

268 13 0.8 < 0.2459886 Orig 7 2.8 5.6 590 < 0.4 42.6 88.7 11.2 40.0 8.9 1.51 9.1 1.3 8.2 1.5 4.7 0.66 4.4 0.72< 2

265 12 < 0.5 < 0.2459886 Dup 4 < 0.5 5.2 604 < 0.4 42.4 89.2 10.3 39.2 8.5 1.48 8.4 1.4 8.2 1.5 4.7 0.68 4.4 0.72< 2

< 1 < 0.5 < 0.2Method Blank Method Blank

< 1 < 0.5 < 0.5 < 0.4 < 0.1 < 0.1 < 0.05 < 0.1 < 0.1 < 0.05 < 0.1 < 0.1 < 0.1 < 0.1 < 0.1 < 0.05 < 0.1 < 0.04< 2

Page 6 of 7

Activation Laboratories Ltd. Report: A11-10512

Quality Control

Hf Ta W Tl Pb Th U LOI TotalAnalyte Symbolppm ppm ppm ppm ppm ppm ppm % %Unit Symbol

0.2 0.1 1 0.1 5 0.1 0.1 0.01Detection LimitFUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-ICP FUS-ICPAnalysis Method

2480TAN-1 Meas

2360TAN-1 Cert

DNC-1 Meas

DNC-1 Cert

GBW 07113 Meas

GBW 07113 Cert

LKSD-3 Meas 4.22

LKSD-3 Cert 4.602.00

2.3 0.5 8W-2a Meas 2.4 0.5< 1

2.60 0.500 9.30W-2a Cert 2.40 0.5300.300

SY-4 Meas

SY-4 Cert

1.6 2.8CTA-AC-1 Meas 23.8 4.4

1.13 2.65CTA-AC-1 Cert 21.8 4.4

0.6 6BIR-1a Meas

0.60 3BIR-1a Cert

NCS DC86312 Meas 22.6

NCS DC86312 Cert 23.6

86.0 34.3 79ZW-C Meas

82 34 80ZW-C Cert

27200NCS DC70014 Meas

27200.00NCS DC70014 Cert

757NCS DC86316 Meas

712NCS DC86316 Cert

NCS DC70009 (GBW07241) Meas

27.42200

NCS DC70009 (GBW07241) Cert

28.3 2200.00

OREAS 100a (Fusion) Meas

52.7 141

OREAS 100a (Fusion) Cert

51.6 135

OREAS 101a (Fusion) Meas

35.2 420

OREAS 101a (Fusion) Cert

36.6 422

4.3 1.9 1.6 26JR-1 Meas 27.8 9.4

4.51 1.86 1.56 19.3JR-1 Cert 26.7 8.88

NCS DC86318 Meas

NCS DC86318 Cert

1120USZ 25-2006 Meas

1100USZ 25-2006 Cert

USZ 42-2006 Meas

USZ 42-2006 Cert

6.4 1.0 0.8 26459886 Orig 14.8 3.5 2.70 100.32

6.1 1.1 0.8 18459886 Dup 13.6 3.5 2.70 100.31

< 0.2 < 0.1 < 0.1 < 5Method Blank Method Blank

< 0.1 < 0.1< 1

Page 7 of 7

CERTIFICATE OF ANALYSIS

Innovative Technologies Quality Analysis ...

Invoice No.:

Invoice Date:

Date Submitted:

Your Reference:

18-Oct-11

26-Sep-11

A11-10513

Alterra Resources

P.O. Box 21460 Bowater AvenuePort Hope Simpson NL A0K 4E0Canada

VP of Exploration Randy Miller (resultATTN:

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or +1.888.228.5227 FAX +1.905.648.9613

E-MAIL [email protected] ACTLABS GROUP WEBSITE www.actlabs.com

Emmanuel Eseme , Ph.D.

CERTIFIED BY :

REPORT A11-10513

Notes:

8 Rock samples were submitted for analysis.

Code 8-REE Assay Package Major Elements Fusion ICP(WRA)/Trace Elements Fusion ICP/MS(WRA4B2)

Total includes all elements in % oxide to the left of total.

Quality Control

The following analytical package was requested:

Activation Laboratories Ltd. Report: A11-10513SiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O TiO2 P2O5 LOI Total Sc Be V Cr Co Ni Cu Zn Ga Ge As RbAnalyte Symbol

% % % % % % % % % % % % ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol0.01 0.01 0.01 0.001 0.01 0.01 0.01 0.01 0.001 0.01 0.01 1 1 5 20 1 20 10 30 1 1 5 2Detection Limit

FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

75.88 15.47 0.070 0.06459876 0.25 3.60 2.55 0.011 0.37 1.50 100.7 < 1 207 < 5 < 20 < 1 < 20 < 10 40 30 7 9 4850.93

67.20 15.15 0.054 2.04459877 0.60 2.43 4.10 0.703 0.19 2.35 100.1 13 3 56 30 8 < 20 < 10 80 21 3 12 1605.30

65.34 14.43 0.079 2.09459878 0.35 2.54 2.27 1.411 0.29 2.94 100.9 23 2 136 < 20 13 < 20 < 10 100 22 3 15 899.19

62.51 13.43 0.084 2.77459879 0.95 2.72 2.70 1.501 0.17 3.01 99.43 24 3 144 < 20 13 < 20 10 50 18 1 < 5 729.58

57.69 13.79 0.172 3.28459890 4.97 3.78 1.00 0.927 0.14 3.53 100.9 41 < 1 206 < 20 19 < 20 < 10 130 15 2 16 2111.66

50.84 14.88 0.231 4.56459891 5.91 3.70 1.85 1.008 0.16 2.35 99.67 46 < 1 287 < 20 26 < 20 < 10 180 20 2 12 3614.20

51.73 15.34 0.153 7.33459892 7.55 3.68 1.40 1.153 0.16 2.96 100.8 38 < 1 249 560 46 200 50 70 15 4 14 379.31

50.75 16.86 0.147 7.57459893 7.71 4.14 0.38 1.064 0.14 3.53 99.77 31 < 1 203 360 33 100 60 60 16 3 6 77.48

Page 2 of 7

Activation Laboratories Ltd. Report: A11-10513Sr Y Zr Nb Mo Ag In Sn Sb Cs Ba Bi La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er TmAnalyte Symbol

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol2 2 4 1 2 0.5 0.2 1 0.5 0.5 3 0.4 0.1 0.1 0.05 0.1 0.1 0.05 0.1 0.1 0.1 0.1 0.1 0.05Detection Limit

FUS-ICP FUS-ICP FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

212 < 2 40 < 2459876 < 0.5 < 0.2 84 < 0.5 21.7 12 0.8 2.2 3.5 0.42 1.3 0.4 < 0.05 0.4 < 0.1 0.5 < 0.1 0.2 < 0.0513

40 35 15 < 2459877 1.0 < 0.2 6 2.8 8.3 437 < 0.4 39.9 81.7 10.2 36.1 8.2 1.43 8.2 1.1 6.7 1.4 4.1 0.61260

29 50 17 < 2459878 1.0 < 0.2 7 0.8 2.9 267 < 0.4 30.4 70.2 8.75 32.3 7.9 1.76 8.9 1.4 9.4 1.9 5.5 0.83285

207 43 13 < 2459879 1.3 < 0.2 4 < 0.5 5.9 567 < 0.4 33.8 69.8 8.51 32.4 7.8 1.89 8.1 1.4 8.3 1.7 5.0 0.76240

171 19 1 < 2459890 < 0.5 < 0.2 3 5.3 2.0 72 < 0.4 3.3 8.0 1.25 5.8 2.1 0.81 3.2 0.5 3.6 0.8 2.4 0.3432

223 25 1 < 2459891 < 0.5 < 0.2 3 5.1 2.6 127 < 0.4 4.5 9.4 1.48 6.8 2.5 1.01 3.4 0.6 4.4 1.0 3.0 0.4536

307 21 12 < 2459892 < 0.5 < 0.2 3 3.1 7.0 184 < 0.4 9.1 17.5 2.51 10.1 2.9 1.14 3.7 0.6 3.9 0.9 2.5 0.3674

208 17 10 < 2459893 < 0.5 < 0.2 3 8.3 0.5 84 < 0.4 7.8 16.0 2.29 9.6 2.9 1.01 3.6 0.5 3.5 0.7 2.1 0.2867

Page 3 of 7

Activation Laboratories Ltd. Report: A11-10513Yb Lu Hf Ta W Tl Pb Th UAnalyte Symbol

ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol0.1 0.04 0.2 0.1 1 0.1 5 0.1 0.1Detection Limit

FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

0.2 < 0.04 7.3 4459876 1.9 13 0.6 3.60.5

4.1 0.66 1.1 2459877 0.9 29 12.7 4.26.8

5.5 0.92 1.2 2459878 0.4 21 11.2 3.37.4

4.9 0.77 1.1 < 1459879 0.3 < 5 9.7 3.36.2

2.3 0.38 < 0.1 1459890 0.2 12 0.7 0.21.0

3.0 0.48 < 0.1 2459891 0.3 11 0.8 0.31.1

2.3 0.40 0.7 1459892 0.3 11 1.1 0.21.9

1.9 0.33 0.6 1459893 < 0.1 13 0.9 0.21.7

Page 4 of 7

Activation Laboratories Ltd. Report: A11-10513

Quality Control

SiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O TiO2 P2O5 Sc Be V Cr Co Ni Cu Zn Ga Ge As Rb Sr YAnalyte Symbol% % % % % % % % % % ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol

0.01 0.01 0.01 0.001 0.01 0.01 0.01 0.01 0.001 0.01 1 1 5 20 1 20 10 30 1 1 5 2 2 2Detection LimitFUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-ICP FUS-ICPAnalysis Method

TAN-1 Meas

TAN-1 Cert

47.18 18.69 0.147 9.91DNC-1 Meas 11.37 1.92 0.23 0.481 0.08 31 146 270 59 250 146 159.68

47.15 18.34 0.150 10.13DNC-1 Cert 11.49 1.890 0.234 0.480 0.070 31 148.0 270.000 57.0 247.000 144.0 18.0 9.97

71.04 12.71 0.137 0.14GBW 07113 Meas 0.56 2.37 5.33 0.278 0.05 5 4 < 5 41 453.13

72.8 13.0 0.140 0.160GBW 07113 Cert 0.590 2.57 5.43 0.300 0.0500 5.00 4.00 5.00 43.0 43.03.21

LKSD-3 Meas 29

LKSD-3 Cert 27.0

52.63 15.23 0.166 6.20W-2a Meas 10.89 2.16 0.64 1.062 0.16 35 < 1 263 80 43 110 80 18 21 194 2010.67

52.4 15.4 0.163 6.37W-2a Cert 10.9 2.14 0.626 1.06 0.130 36.0 1.30 262 92.0 43.0 110 80.0 17.0 21.0 190 24.010.7

49.92 20.98 0.107 0.50SY-4 Meas 8.07 7.04 1.69 0.290 0.14 < 1 3 6 1194 1176.13

49.9 20.69 0.108 0.54SY-4 Cert 8.05 7.10 1.66 0.287 0.131 1.1 2.6 8.0 1191 119 6.21

CTA-AC-1 Meas

CTA-AC-1 Cert

47.63 15.46 0.172 9.41BIR-1a Meas 13.38 1.82 0.02 0.972 0.03 43 < 1 317 380 56 170 16 109 1411.32

47.96 15.50 0.175 9.700BIR-1a Cert 13.30 1.82 0.030 0.96 0.021 44 0.58 310 370 52 170 16 110 16 11.30

NCS DC86312 Meas

NCS DC86312 Cert

ZW-C Meas 1050 98

ZW-C Cert 1050 99

NCS DC70014 Meas 25 60 2600 7390 25

NCS DC70014 Cert 26.2 70.9 2600.00 7400.00 25.2

NCS DC86316 Meas

NCS DC86316 Cert

NCS DC70009 (GBW07241) Meas

20 3 < 20 940 16 11 69 498

NCS DC70009 (GBW07241) Cert

30 3.7 2.8 960.000 16.5 11.2 69.9 500.00

OREAS 100a (Fusion) Meas

17 170

OREAS 100a (Fusion) Cert

18.1 169

OREAS 101a (Fusion) Meas

46 440

OREAS 101a (Fusion) Cert

48.8 434

JR-1 Meas < 20 < 1 < 20 17 267

JR-1 Cert 2.83 0.83 1.67 16.1 257

NCS DC86318 Meas

NCS DC86318 Cert

USZ 25-2006 Meas

USZ 25-2006 Cert

USZ 42-2006 Meas 490

USZ 42-2006 Cert 469

Method Blank Method Blank

< 20 < 1 < 20 < 10 < 30 < 1 < 1 < 5 < 2

Page 5 of 7

Activation Laboratories Ltd. Report: A11-10513

Quality Control

Zr Nb Mo Ag In Sn Sb Cs Ba Bi La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb LuAnalyte Symbolppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol

4 1 2 0.5 0.2 1 0.5 0.5 3 0.4 0.1 0.1 0.05 0.1 0.1 0.05 0.1 0.1 0.1 0.1 0.1 0.05 0.1 0.04Detection LimitFUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

TAN-1 Meas

TAN-1 Cert

35DNC-1 Meas 1.2 106 3.8 5.3 0.61 2.0

38DNC-1 Cert 0.96 118 3.6 5.20 0.59 2.0

387GBW 07113 Meas 491

403GBW 07113 Cert 506

2.0LKSD-3 Meas 4 0.8 2.1 41.7 4.8 2.4 0.37< 2

2.70LKSD-3 Cert 3.00 1.30 2.30 44.0 4.90 2.70 0.4002.00

85 7 < 0.5W-2a Meas 0.8 0.9 173 < 0.4 10.9 23.8 13.8 3.5 0.7 0.8 2.3 2.2 0.35< 2

94.0 7.90 0.0460W-2a Cert 0.790 0.990 182 0.0300 10.0 23.0 13.0 3.30 0.630 0.760 2.50 2.10 0.3300.600

543SY-4 Meas 348

517SY-4 Cert 340

CTA-AC-1 Meas 2280 3370 172 47.8 11.5

CTA-AC-1 Cert 2176 3326 162 46.7 11.4

15 < 1BIR-1a Meas 0.9 8 2.6 0.57 1.9 1.8 0.28

18 0.6BIR-1a Cert 0.58 6 2.5 0.55 2.0 1.7 0.3

NCS DC86312 Meas 2130 1490 207 182 35.3 90.8 13.2 80.2 11.7

NCS DC86312 Cert 2360.000 1600.000 225.0 183.00 35.70 96.2 15.1 87.79 11.96

209ZW-C Meas

198ZW-C Cert

16.8NCS DC70014 Meas 180 80.3 43.1 81.6 10.5 40.6 8.1 1.73 7.9 1.2 7.2 1.4 3.6 0.56 3.6 0.55270

16.7NCS DC70014 Cert 180.000 80.3 45.3 87.0 10.8 39.9 8.0 1.8 7.4 1.1 6.7 1.3 3.5 0.57 3.3 0.50 270

NCS DC86316 Meas

NCS DC86316 Cert

2.0 1.3NCS DC70009 (GBW07241) Meas

1700 3.0 39.7 7.19 11.3 14.0 3.0 21.4 4.4 12.6 2.23 15.4 2.27

1.8 1.3NCS DC70009 (GBW07241) Cert

1701.000 3.1 41 7.9 12.5 14.8 3.3 20.7 4.5 13.4 2.2 14.9 2.4

OREAS 100a (Fusion) Meas

251 439 48.2 156 24.1 3.72 24.2 3.7 25.3 15.0 2.43 15.6 2.3023

OREAS 100a (Fusion) Cert

260 463 47.1 152 23.6 3.71 23.6 3.80 23.2 14.9 2.31 14.9 2.26 24.1

OREAS 101a (Fusion) Meas

755 1310 132 397 49.6 7.99 44.6 5.5 33.8 6.9 19.1 2.93 18.2 2.6320

OREAS 101a (Fusion) Cert

816 1396 134 403 48.8 8.06 43.4 5.92 33.3 6.46 19.5 2.90 17.5 2.66 21.9

16 < 0.5 < 0.2JR-1 Meas 6 1.6 21.0 0.6 19.6 45.1 24.7 6.0 0.30 1.0 5.0 0.753

15.2 0.031 0.028JR-1 Cert 2.86 1.19 20.8 0.56 19.7 47.2 23.3 6.03 0.30 1.01 4.55 0.71 3.25

NCS DC86318 Meas 1940 401 707 3330 1620 18.1 2130 479 3180 557 1690 271 1740 250

NCS DC86318 Cert 1960 430 740 3430 1720 18.91 2095 470 3220 560 1750 270 1840 260.0

USZ 25-2006 Meas

USZ 25-2006 Cert

USZ 42-2006 Meas

USZ 42-2006 Cert

< 1 < 0.5 < 0.2Method Blank Method Blank

< 1 < 0.5 < 0.5 < 0.4 < 0.1 < 0.1 < 0.05 < 0.1 < 0.1 < 0.05 < 0.1 < 0.1 < 0.1 < 0.1 < 0.1 < 0.05 < 0.1 < 0.04< 2

Page 6 of 7

Activation Laboratories Ltd. Report: A11-10513

Quality Control

Hf Ta W Tl Pb Th UAnalyte Symbolppm ppm ppm ppm ppm ppm ppmUnit Symbol

0.2 0.1 1 0.1 5 0.1 0.1Detection LimitFUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

2480TAN-1 Meas

2360TAN-1 Cert

DNC-1 Meas

DNC-1 Cert

GBW 07113 Meas

GBW 07113 Cert

LKSD-3 Meas 4.22

LKSD-3 Cert 4.602.00

2.3 0.5 8W-2a Meas 2.4 0.5< 1

2.60 0.500 9.30W-2a Cert 2.40 0.5300.300

SY-4 Meas

SY-4 Cert

1.6 2.8CTA-AC-1 Meas 23.8 4.4

1.13 2.65CTA-AC-1 Cert 21.8 4.4

0.6 6BIR-1a Meas

0.60 3BIR-1a Cert

NCS DC86312 Meas 22.6

NCS DC86312 Cert 23.6

86.0 34.3 79ZW-C Meas

82 34 80ZW-C Cert

27200NCS DC70014 Meas

27200.00NCS DC70014 Cert

757NCS DC86316 Meas

712NCS DC86316 Cert

NCS DC70009 (GBW07241) Meas

27.42200

NCS DC70009 (GBW07241) Cert

28.3 2200.00

OREAS 100a (Fusion) Meas

52.7 141

OREAS 100a (Fusion) Cert

51.6 135

OREAS 101a (Fusion) Meas

35.2 420

OREAS 101a (Fusion) Cert

36.6 422

4.3 1.9 1.6 26JR-1 Meas 27.8 9.4

4.51 1.86 1.56 19.3JR-1 Cert 26.7 8.88

NCS DC86318 Meas

NCS DC86318 Cert

1120USZ 25-2006 Meas

1100USZ 25-2006 Cert

USZ 42-2006 Meas

USZ 42-2006 Cert

< 0.2 < 0.1 < 0.1 < 5Method Blank Method Blank

< 0.1 < 0.1< 1

Page 7 of 7

CERTIFICATE OF ANALYSIS

Innovative Technologies Quality Analysis ...

Invoice No.:

Invoice Date:

Date Submitted:

Your Reference:

19-Oct-11

26-Sep-11

A11-10514

Alterra Resources

P.O. Box 21460 Bowater AvenuePort Hope Simpson NL A0K 4E0Canada

VP of Exploration Randy Miller (resultATTN:

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or +1.888.228.5227 FAX +1.905.648.9613

E-MAIL [email protected] ACTLABS GROUP WEBSITE www.actlabs.com

Emmanuel Eseme , Ph.D.

CERTIFIED BY :

REPORT A11-10514

Notes:

4 Rock samples were submitted for analysis.

Code 8-REE Assay Package Major Elements Fusion ICP(WRA)/Trace Elements Fusion ICP/MS(WRA4B2)

Total includes all elements in % oxide to the left of total.

Quality Control

The following analytical package was requested:

Activation Laboratories Ltd. Report: A11-10514SiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O TiO2 P2O5 LOI Total Sc Be V Cr Co Ni Cu Zn Ga Ge As RbAnalyte Symbol

% % % % % % % % % % % % ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol0.01 0.01 0.01 0.001 0.01 0.01 0.01 0.01 0.001 0.01 0.01 1 1 5 20 1 20 10 30 1 1 5 2Detection Limit

FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

52.10 15.09 0.262 5.28459887 6.33 3.91 0.28 1.012 0.10 2.63 100.8 46 < 1 443 20 32 < 20 110 80 16 2 9 913.78

57.58 12.92 0.187 5.96459888 2.79 3.08 0.22 0.601 0.08 6.19 100.2 37 < 1 280 50 29 < 20 70 70 12 < 1 11 710.65

57.79 12.88 0.188 6.03459888 B 2.82 3.09 0.22 0.601 0.08 6.40 100.8 37 < 1 281 50 29 < 20 70 70 12 < 1 8 710.67

76.66 11.05 0.064 2.44459889 0.60 1.82 2.03 0.211 0.02 2.75 101.0 15 1 < 5 < 20 1 < 20 < 10 70 12 1 < 5 423.31

Page 2 of 7

Activation Laboratories Ltd. Report: A11-10514Sr Y Zr Nb Mo Ag In Sn Sb Cs Ba Bi La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er TmAnalyte Symbol

ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol2 2 4 1 2 0.5 0.2 1 0.5 0.5 3 0.4 0.1 0.1 0.05 0.1 0.1 0.05 0.1 0.1 0.1 0.1 0.1 0.05Detection Limit

FUS-ICP FUS-ICP FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

147 16 < 1 < 2459887 < 0.5 < 0.2 < 1 2.3 0.7 62 < 0.4 3.4 7.7 1.08 5.3 1.8 0.75 2.4 0.4 2.9 0.6 2.0 0.3030

64 11 < 1 < 2459888 < 0.5 < 0.2 < 1 < 0.5 2.0 30 < 0.4 2.4 5.4 0.74 3.6 1.3 0.35 1.7 0.3 2.0 0.4 1.4 0.2118

64 11 < 1 < 2459888 B < 0.5 < 0.2 < 1 < 0.5 2.0 30 < 0.4 2.3 5.5 0.75 3.8 1.2 0.40 1.7 0.3 2.1 0.5 1.4 0.2119

25 30 < 1 < 2459889 < 0.5 < 0.2 < 1 < 0.5 1.1 221 < 0.4 4.0 11.0 1.48 7.3 2.5 0.62 3.4 0.7 4.9 1.1 3.5 0.5450

Page 3 of 7

Activation Laboratories Ltd. Report: A11-10514Yb Lu Hf Ta W Tl Pb Th UAnalyte Symbol

ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol0.1 0.04 0.2 0.1 1 0.1 5 0.1 0.1Detection Limit

FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

2.0 0.32 < 0.1 < 1459887 < 0.1 < 5 1.2 0.20.8

1.4 0.23 < 0.1 < 1459888 < 0.1 < 5 0.7 0.30.4

1.4 0.23 < 0.1 < 1459888 B < 0.1 < 5 0.6 0.30.5

3.7 0.61 < 0.1 2459889 < 0.1 < 5 1.1 0.51.3

Page 4 of 7

Activation Laboratories Ltd. Report: A11-10514

Quality Control

SiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O TiO2 P2O5 Sc Be V Cr Co Ni Cu Zn Ga Ge As Rb Sr YAnalyte Symbol% % % % % % % % % % ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol

0.01 0.01 0.01 0.001 0.01 0.01 0.01 0.01 0.001 0.01 1 1 5 20 1 20 10 30 1 1 5 2 2 2Detection LimitFUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-ICP FUS-ICPAnalysis Method

DH-1a Meas

DH-1a Cert

11.36 1.93 0.013 0.36NIST 694 Meas 44.23 0.90 0.56 0.120 30.16 16820.75

11.2 1.80 0.0116 0.330NIST 694 Cert 43.6 0.860 0.510 0.110 30.2 17400.790

47.32 19.28 0.146 10.07DNC-1 Meas 11.04 1.98 0.23 0.494 0.08 31 154 260 57 250 144 169.97

47.15 18.34 0.150 10.13DNC-1 Cert 11.49 1.890 0.234 0.480 0.070 31 148.0 270.000 57.0 247.000 144.0 18.0 9.97

72.97 13.13 0.141 0.14GBW 07113 Meas 0.57 2.52 5.44 0.285 0.06 5 4 < 5 40 463.20

72.8 13.0 0.140 0.160GBW 07113 Cert 0.590 2.57 5.43 0.300 0.0500 5.00 4.00 5.00 43.0 43.03.21

LKSD-3 Meas 80 31 50 29 74

LKSD-3 Cert 87.0 30.0 47.0 27.0 78.0

TDB-1 Meas 330 160

TDB-1 Cert 323 155

52.73 15.33 0.165 6.27W-2a Meas 10.64 2.28 0.63 1.072 0.14 35 < 1 275 80 42 60 110 80 17 < 5 20 193 2010.76

52.4 15.4 0.163 6.37W-2a Cert 10.9 2.14 0.626 1.06 0.130 36.0 1.30 262 92.0 43.0 70.0 110 80.0 17.0 1.20 21.0 190 24.010.7

49.52 20.21 0.108 0.51SY-4 Meas 8.01 6.95 1.64 0.289 0.16 1 3 6 1209 1166.27

49.9 20.69 0.108 0.54SY-4 Cert 8.05 7.10 1.66 0.287 0.131 1.1 2.6 8.0 1191 119 6.21

CTA-AC-1 Meas

CTA-AC-1 Cert

47.83 15.56 0.172 9.54BIR-1a Meas 13.26 1.81 0.02 0.968 0.04 44 < 1 334 380 55 170 16 105 1411.27

47.96 15.50 0.175 9.700BIR-1a Cert 13.30 1.82 0.030 0.96 0.021 44 0.58 310 370 52 170 16 110 16 11.30

NCS DC86312 Meas

NCS DC86312 Cert

ZW-C Meas 1080

ZW-C Cert 1050

NCS DC70014 Meas 25 60 2550 7380 25

NCS DC70014 Cert 26.2 70.9 2600.00 7400.00 25.2

NCS DC86316 Meas

NCS DC86316 Cert

NCS DC70009 (GBW07241) Meas

30 3 < 20 17 11 69 504

NCS DC70009 (GBW07241) Cert

30 3.7 2.8 16.5 11.2 69.9 500.00

OREAS 100a (Fusion) Meas

17 170

OREAS 100a (Fusion) Cert

18.1 169

OREAS 101a (Fusion) Meas

47 460

OREAS 101a (Fusion) Cert

48.8 434

JR-1 Meas < 20 < 1 < 20 17 17 250

JR-1 Cert 2.83 0.83 1.67 16.1 16.3 257

NCS DC86318 Meas

NCS DC86318 Cert

SARM 3 Meas

SARM 3 Cert

USZ 25-2006 Meas

USZ 25-2006 Cert

54.17 13.46 3.50BCR-2 Meas 6.98 3.09 1.80 2.258 0.36 33 431 336 3213.75

54.1 13.5 3.59BCR-2 Cert 7.12 3.16 1.79 2.26 0.35 33 416 346 37 13.8

USZ 42-2006 Meas

USZ 42-2006 Cert

Method Blank Method Blank

< 20 < 1 < 20 < 10 < 30 < 1 < 1 < 5 < 2

Page 5 of 7

Activation Laboratories Ltd. Report: A11-10514

Quality Control

Zr Nb Mo Ag In Sn Sb Cs Ba Bi La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb LuAnalyte Symbolppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppmUnit Symbol

4 1 2 0.5 0.2 1 0.5 0.5 3 0.4 0.1 0.1 0.05 0.1 0.1 0.05 0.1 0.1 0.1 0.1 0.1 0.05 0.1 0.04Detection LimitFUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-ICP FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

DH-1a Meas

DH-1a Cert

NIST 694 Meas

NIST 694 Cert

35DNC-1 Meas 0.9 107 3.8 4.9 0.58 2.0

38DNC-1 Cert 0.96 118 3.6 5.20 0.59 2.0

400GBW 07113 Meas 504

403GBW 07113 Cert 506

1.9LKSD-3 Meas 4 1.0 2.4 49.3 92.7 44.7 8.2 1.46 0.9 4.9 2.8 0.41< 2

2.70LKSD-3 Cert 3.00 1.30 2.30 52.0 90.0 44.0 8.00 1.50 1.00 4.90 2.70 0.4002.00

TDB-1 Meas

TDB-1 Cert

86 8 < 0.5W-2a Meas 0.8 0.9 175 < 0.4 10.9 23.8 13.0 3.4 0.99 0.6 3.8 0.8 2.1 0.33< 2

94.0 7.90 0.0460W-2a Cert 0.790 0.990 182 0.0300 10.0 23.0 13.0 3.30 1.00 0.630 3.60 0.760 2.10 0.3300.600

528SY-4 Meas 344

517SY-4 Cert 340

CTA-AC-1 Meas 2190 3330 1140 168 45.5 135 10.9 1.12

CTA-AC-1 Cert 2176 3326 1087 162 46.7 124 11.4 1.08

16 < 1BIR-1a Meas 1.2 8 2.5 1.2 0.54 1.9 1.8

18 0.6BIR-1a Cert 0.58 6 2.5 1.1 0.55 2.0 1.7

NCS DC86312 Meas 2350 175 1560 220 34.1 183 35.6 96.0 14.2 86.0 12.0

NCS DC86312 Cert 2360.000 190.000 1600.000 225.0 34.6 183.00 35.70 96.2 15.1 87.79 11.96

201ZW-C Meas

198ZW-C Cert

16.6NCS DC70014 Meas 180 80.3 41.9 81.4 9.92 36.8 7.6 1.63 7.1 1.1 6.3 1.3 3.5 0.53 3.4 0.49270

16.7NCS DC70014 Cert 180.000 80.3 45.3 87.0 10.8 39.9 8.0 1.8 7.4 1.1 6.7 1.3 3.5 0.57 3.3 0.50 270

NCS DC86316 Meas

NCS DC86316 Cert

4.2 1.3NCS DC70009 (GBW07241) Meas

1700 4.0 43.3 22.6 56.2 7.70 30.5 12.1 14.3 3.3 20.8 4.4 13.1 2.34 16.0 2.29

1.8 1.3NCS DC70009 (GBW07241) Cert

1701.000 3.1 41 23.7 60.3 7.9 32.9 12.5 14.8 3.3 20.7 4.5 13.4 2.2 14.9 2.4

OREAS 100a (Fusion) Meas

258 458 47.9 152 24.6 3.65 21.9 3.7 22.9 5.0 14.7 2.40 15.3 2.1824

OREAS 100a (Fusion) Cert

260 463 47.1 152 23.6 3.71 23.6 3.80 23.2 4.81 14.9 2.31 14.9 2.26 24.1

OREAS 101a (Fusion) Meas

797 1380 131 390 50.2 8.01 39.3 5.5 31.6 6.5 18.8 2.92 18.1 2.5120

OREAS 101a (Fusion) Cert

816 1396 134 403 48.8 8.06 43.4 5.92 33.3 6.46 19.5 2.90 17.5 2.66 21.9

15 < 0.5 < 0.2JR-1 Meas 5 1.6 20.9 0.6 20.4 47.9 23.8 6.0 0.29 1.0 0.70 4.9 0.723

15.2 0.031 0.028JR-1 Cert 2.86 1.19 20.8 0.56 19.7 47.2 23.3 6.03 0.30 1.01 0.67 4.55 0.71 3.25

NCS DC86318 Meas 1980 419 750 3150 1600 18.2 2060 478 3390 577 1720 263 1760 251

NCS DC86318 Cert 1960 430 740 3430 1720 18.91 2095 470 3220 560 1750 270 1840 260.0

979SARM 3 Meas

978SARM 3 Cert

USZ 25-2006 Meas

USZ 25-2006 Cert

170BCR-2 Meas 692

188BCR-2 Cert 683

USZ 42-2006 Meas 21500 28000 2320 6400 523 88.3

USZ 42-2006 Cert 21100 27600 2300 6500 539 87.22

< 1 < 0.5 < 0.2Method Blank Method Blank

< 1 < 0.5 < 0.5 < 0.4 < 0.1 < 0.1 < 0.05 < 0.1 < 0.1 < 0.05 < 0.1 < 0.1 < 0.1 < 0.1 < 0.1 < 0.05 < 0.1 < 0.04< 2

Page 6 of 7

Activation Laboratories Ltd. Report: A11-10514

Quality Control

Hf Ta W Tl Pb Th UAnalyte Symbolppm ppm ppm ppm ppm ppm ppmUnit Symbol

0.2 0.1 1 0.1 5 0.1 0.1Detection LimitFUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MS FUS-MSAnalysis Method

DH-1a Meas 881

DH-1a Cert 910

NIST 694 Meas

NIST 694 Cert

DNC-1 Meas

DNC-1 Cert

GBW 07113 Meas

GBW 07113 Cert

0.7LKSD-3 Meas 11.6 4.92

0.700LKSD-3 Cert 11.4 4.602.00

TDB-1 Meas

TDB-1 Cert

2.3 0.4 8W-2a Meas 2.6 0.5< 1

2.60 0.500 9.30W-2a Cert 2.40 0.5300.300

SY-4 Meas

SY-4 Cert

2.0 2.8CTA-AC-1 Meas 23.1 4.3

1.13 2.65CTA-AC-1 Cert 21.8 4.4

0.5 6BIR-1a Meas

0.60 3BIR-1a Cert

NCS DC86312 Meas 25.6

NCS DC86312 Cert 23.6

86.5 35.7 77ZW-C Meas 327

82 34 80ZW-C Cert 320

27200NCS DC70014 Meas

27200.00NCS DC70014 Cert

693NCS DC86316 Meas

712NCS DC86316 Cert

NCS DC70009 (GBW07241) Meas

30.42200

NCS DC70009 (GBW07241) Cert

28.3 2200.00

OREAS 100a (Fusion) Meas

53.7 143

OREAS 100a (Fusion) Cert

51.6 135

OREAS 101a (Fusion) Meas

36.8 419

OREAS 101a (Fusion) Cert

36.6 422

4.4 1.9 1.6JR-1 Meas 27.1 9.4

4.51 1.86 1.56JR-1 Cert 26.7 8.88

NCS DC86318 Meas

NCS DC86318 Cert

SARM 3 Meas

SARM 3 Cert

1100USZ 25-2006 Meas

1100USZ 25-2006 Cert

BCR-2 Meas

BCR-2 Cert

USZ 42-2006 Meas

USZ 42-2006 Cert

< 0.2 < 0.1 < 0.1 < 5Method Blank Method Blank

< 0.1 < 0.1< 1

Page 7 of 7

Appendix C

CERTIFICATE OF ANALYSIS

Innovative Technologies Quality Analysis ...

Invoice No.:

Invoice Date:

Date Submitted:

Your Reference:

30-Nov-11

14-Nov-11

A11-13496

Alterra Resources

P.O. Box 21460 Bowater AvenuePort Hope Simpson NL A0K 4E0Canada

VP of Exploration Randy Miller (resultATTN:

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permission must be obtained. If no instructions were given at time of sample submittal regarding excess material, it will be discarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test results are representative only of material submitted for analysis.

ACTIVATION LABORATORIES LTD.

1336 Sandhill Drive, Ancaster, Ontario Canada L9G 4V5 TELEPHONE +1.905.648.9611 or +1.888.228.5227 FAX +1.905.648.9613

E-MAIL [email protected] ACTLABS GROUP WEBSITE www.actlabs.com

Emmanuel Eseme , Ph.D.

CERTIFIED BY :

REPORT A11-13496

Notes:

11 Rock samples were submitted for analysis.

Code 1A2 Au - Fire Assay AACode 1E3 Aqua Regia ICP(AQUAGEO)Code 4B (1-10) Major Elements Fusion ICP(WRA)

If value exceeds upper limit we recommend reassay by fire assay gravimetric-Code 1A3Total includes all elements in % oxide to the left of total.Values which exceed the upper limit should be assayed for accurate numbers.

Quality Control

The following analytical packages were requested:

Activation Laboratories Ltd. Report: A11-13496Au Ag Cd Cu Mn Mo Ni Pb Zn Al As Ba Be Bi Ca Co Cr Fe Ga Hg K La Mg NaAnalyte Symbol

ppb ppm ppm ppm ppm ppm ppm ppm ppm % ppm ppm ppm ppm % ppm ppm % ppm ppm % ppm % %Unit Symbol5 0.2 0.5 1 5 1 1 2 2 0.01 2 10 0.5 2 0.01 1 1 0.01 10 1 0.01 10 0.01 0.001Detection Limit

FA-AA AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICPAnalysis Method

10 < 0.2 66 1880423976 4 48 6 119 2.71 12 70 0.9 < 2 0.41 26 28 5.54 < 10 < 1 0.58 36 1.01 0.0290.5

< 5 < 0.2 26 1610423977 < 1 38 3 106 2.77 < 2 76 0.8 < 2 0.16 22 30 5.38 < 10 < 1 0.53 40 1.01 0.029< 0.5

< 5 < 0.2 23 2080423978 3 53 4 104 3.29 45 105 0.6 < 2 0.18 35 34 5.79 10 < 1 0.69 44 1.20 0.023< 0.5

< 5 < 0.2 7 1200423979 < 1 11 10 53 2.20 24 65 0.7 < 2 0.48 10 16 3.05 < 10 < 1 0.51 35 0.92 0.054< 0.5

5 0.4 136 2600423980 < 1 45 17 101 3.81 123 76 0.9 < 2 0.39 35 35 8.18 10 < 1 0.74 40 1.92 0.023< 0.5

5 0.3 136 2600423980 B < 1 45 16 99 3.79 125 75 0.9 < 2 0.39 34 35 8.11 10 < 1 0.74 40 1.86 0.022< 0.5

36 3.0 1970 1030423981 70 105 24 48 1.13 268 < 10 < 0.5 9 0.92 35 26 21.3 < 10 1 0.30 16 0.76 0.0151.1

11 0.6 238 1090423982 2 8 3 15 0.39 21 < 10 < 0.5 < 2 1.69 2 10 1.77 < 10 < 1 0.02 < 10 0.73 0.015< 0.5

11 1.0 582 970423983 3 19 3 11 0.17 131 < 10 < 0.5 < 2 0.61 12 14 5.75 < 10 < 1 0.04 < 10 0.17 0.012< 0.5

59 8.0 604 297423984 96 152 36 21 0.49 183 < 10 < 0.5 39 0.11 65 8 32.2 < 10 < 1 0.06 < 10 0.35 0.0081.5

< 5 0.5 222 1260423985 2 11 < 2 87 3.59 652 13 < 0.5 < 2 0.10 8 3 10.6 10 < 1 0.17 < 10 1.94 0.0140.8

Page 2 of 7

Activation Laboratories Ltd. Report: A11-13496P S Sb Sc Sr Ti Te Tl U V W Y Zr SiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O TiO2 P2O5 LOIAnalyte Symbol% % ppm ppm ppm % ppm ppm ppm ppm ppm ppm ppm % % % % % % % % % % %Unit Symbol

0.001 0.01 2 1 1 0.01 1 2 10 1 10 1 1 0.01 0.01 0.01 0.001 0.01 0.01 0.01 0.01 0.001 0.01Detection LimitAR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICPAnalysis Method

0.045 1.32 3 8423976 0.11 2 < 2 < 10 32 < 10 17 32 55.09 20.20 8.76 0.423 2.06 0.65 0.71 5.17 0.731 0.10 4.78< 2

0.039 0.78 3 7423977 0.12 < 1 < 2 < 10 25 < 10 16 30 55.40 21.34 8.32 0.369 1.92 0.38 1.15 5.11 0.702 0.09 4.00< 2

0.055 0.03 4 9423978 0.12 2 < 2 < 10 27 < 10 10 19 55.57 20.44 9.37 0.718 2.17 0.34 0.51 5.10 0.764 0.14 3.572

0.062 0.10 3 8423979 0.11 < 1 < 2 < 10 19 < 10 21 12 69.44 13.62 4.37 0.185 1.53 0.69 1.99 2.95 0.598 0.14 2.42< 2

0.075 0.78 5 7423980 0.12 7 < 2 < 10 47 < 10 24 24 57.36 15.98 12.18 0.470 3.31 0.61 0.35 3.66 0.751 0.19 3.99< 2

0.075 0.77 5 7423980 B 0.12 5 < 2 < 10 47 < 10 24 26 57.38 15.87 12.04 0.467 3.27 0.60 0.35 3.65 0.756 0.18 4.032

0.192 13.1 2 17423981 0.02 < 1 < 2 28 206 < 10 20 35 44.31 4.96 34.15 0.170 1.53 2.51 0.06 1.28 0.258 0.49 9.294

0.012 0.64 < 1 22423982 < 0.01 2 < 2 < 10 33 < 10 2 3 90.53 0.70 2.23 0.125 1.02 1.83 0.01 0.03 0.015 0.02 3.23< 2

0.035 3.38 < 1 17423983 < 0.01 < 1 < 2 < 10 30 < 10 2 7 87.16 0.48 7.05 0.109 0.24 0.66 0.01 0.10 0.017 0.07 2.35< 2

0.033 7.67 < 1 3423984 < 0.01 5 < 2 18 55 < 10 3 24 27.00 2.22 57.87 0.060 0.81 0.21 0.03 0.43 0.103 0.10 10.259

0.035 1.74 7 3423985 0.02 3 < 2 < 10 13 < 10 5 25 63.21 10.21 15.55 0.182 3.27 0.15 0.13 1.17 0.259 0.09 3.883

Page 3 of 7

Activation Laboratories Ltd. Report: A11-13496Total Ba Sr Y Sc Zr Be VAnalyte Symbol

% ppm ppm ppm ppm ppm ppm ppmUnit Symbol0.01 2 2 1 1 2 1 5Detection Limit

FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICPAnalysis Method

98.67 560 22 19423976 106 4 16654

98.77 552 21 19423977 105 4 12964

98.69 762 23 20423978 121 4 10443

97.93 314 33 11423979 279 2 5737

98.83 432 33 18423980 142 4 12723

98.60 429 33 18423980 B 140 3 12723

99.00 101 35 7423981 69 1 58533

99.74 3 4 < 1423982 5 < 1 3620

98.25 6 4 < 1423983 10 < 1 5216

99.09 24 14 3423984 26 < 1 1707

98.10 55 23 16423985 50 < 1 2111

Page 4 of 7

Activation Laboratories Ltd. Report: A11-13496

Quality Control

Au Ag Cd Cu Mn Mo Ni Pb Zn Al As Ba Be Bi Ca Co Cr Fe Ga Hg K La Mg NaAnalyte Symbolppb ppm ppm ppm ppm ppm ppm ppm ppm % ppm ppm ppm ppm % ppm ppm % ppm ppm % ppm % %Unit Symbol

5 0.2 0.5 1 5 1 1 2 2 0.01 2 10 0.5 2 0.01 1 1 0.01 10 1 0.01 10 0.01 0.001Detection LimitFA-AA AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICPAnalysis Method

25.7 1060 759GXR-1 Meas 13 39 557 656 0.34 352 226 0.7 1320 0.76 8 8 22.3 < 10 1 0.03 < 10 0.13 0.0403.4

31.0 1110 852GXR-1 Cert 18.0 41.0 730 760 3.52 427 750 1.22 1380 0.960 8.20 12.0 23.6 13.8 3.90 0.0500 7.50 0.217 0.05203.30

DH-1a Meas

DH-1a Cert

NIST 694 Meas

NIST 694 Cert

DNC-1 Meas

DNC-1 Cert

GBW 07113 Meas

GBW 07113 Cert

3.5 6450 141GXR-4 Meas 327 40 41 79 2.95 99 29 1.3 16 0.98 15 56 3.32 10 1 1.66 48 1.76 0.1240.6

4.00 6520 155GXR-4 Cert 310 42.0 52.0 73.0 7.20 98.0 1640 1.90 19.0 1.01 14.6 64.0 3.09 20.0 0.110 4.01 64.5 1.66 0.5640.860

0.3 66 1020GXR-6 Meas 1 24 89 125 7.21 226 907 0.9 < 2 0.16 14 78 5.69 20 4 1.08 11 0.41 0.0710.6

1.30 66.0 1010GXR-6 Cert 2.40 27.0 101 118 17.7 330 1300 1.40 0.290 0.180 13.8 96.0 5.58 35.0 0.0680 1.87 13.9 0.609 0.1041.00

W-2a Meas

W-2a Cert

SY-4 Meas

SY-4 Cert

BIR-1a Meas

BIR-1a Cert

0.9 2370OREAS 13b (4-Acid) Meas

8 2300 58 48 53 425

0.86 2300.000OREAS 13b (4-Acid) Cert

9.0 2247 133 57 75 8650

237CDN-GS-P2A Meas

229.00CDN-GS-P2A Cert

57423984 Orig

60423984 Dup

< 5Method Blank Method Blank

< 0.2 < 1 < 5Method Blank Method Blank

< 1 < 1 < 2 < 2 < 0.01 < 2 < 10 < 0.5 < 2 < 0.01 < 1 < 1 < 0.01 < 10 < 1 < 0.01 < 10 < 0.01 0.005< 0.5

< 0.2 < 1 < 5Method Blank Method Blank

< 1 < 1 < 2 < 2 < 0.01 < 2 < 10 < 0.5 < 2 < 0.01 < 1 < 1 < 0.01 < 10 < 1 < 0.01 < 10 < 0.01 0.007< 0.5

Page 5 of 7

Activation Laboratories Ltd. Report: A11-13496

Quality Control

P S Sb Sc Sr Ti Te Tl U V W Y Zr SiO2 Al2O3 Fe2O3(T) MnO MgO CaO Na2O K2O TiO2 P2O5 BaAnalyte Symbol% % ppm ppm ppm % ppm ppm ppm ppm ppm ppm ppm % % % % % % % % % % ppmUnit Symbol

0.001 0.01 2 1 1 0.01 1 2 10 1 10 1 1 0.01 0.01 0.01 0.001 0.01 0.01 0.01 0.01 0.001 0.01 2Detection LimitAR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP AR-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICPAnalysis Method

0.037 0.18 < 1 155GXR-1 Meas 11 < 2 36 67 121 22 1770

0.0650 0.257 1.58 275GXR-1 Cert 13.0 0.390 34.9 80.0 164 32.0 38.0122

DH-1a Meas 2450

DH-1a Cert 2629

NIST 694 Meas 11.54 1.90 0.75 0.013 0.36 44.16 0.90 0.57 0.119 30.26

NIST 694 Cert 11.2 1.80 0.790 0.0116 0.330 43.6 0.860 0.510 0.110 30.2

DNC-1 Meas 47.00 18.32 9.81 0.146 10.12 11.11 1.93 0.23 0.481 0.07 107

DNC-1 Cert 47.15 18.34 9.97 0.150 10.13 11.49 1.890 0.234 0.480 0.070 118

GBW 07113 Meas 71.07 12.86 3.25 0.142 0.14 0.57 2.42 5.37 0.284 0.04 503

GBW 07113 Cert 72.8 13.0 3.21 0.140 0.160 0.590 2.57 5.43 0.300 0.0500 506

0.125 1.89 7 71GXR-4 Meas < 1 < 2 < 10 80 10 12 104

0.120 1.77 7.70 221GXR-4 Cert 0.970 3.20 6.20 87.0 30.8 14.0 1864.80

0.032 0.02 22 32GXR-6 Meas < 1 2 < 10 166 < 10 6 133

0.0350 0.0160 27.6 35.0GXR-6 Cert 0.0180 2.20 1.54 186 1.90 14.0 1103.60

W-2a Meas 52.80 15.35 10.79 0.165 6.31 10.67 2.27 0.64 1.076 0.12 177

W-2a Cert 52.4 15.4 10.7 0.163 6.37 10.9 2.14 0.626 1.06 0.130 182

SY-4 Meas 49.35 20.14 6.19 0.106 0.51 7.94 6.92 1.68 0.284 0.12 346

SY-4 Cert 49.9 20.69 6.21 0.108 0.54 8.05 7.10 1.66 0.287 0.131 340

BIR-1a Meas 47.65 15.55 11.31 0.171 9.60 13.18 1.82 0.02 0.973 0.01 8

BIR-1a Cert 47.96 15.50 11.30 0.175 9.700 13.30 1.82 0.030 0.96 0.021 6

1.25OREAS 13b (4-Acid) Meas

1.20OREAS 13b (4-Acid) Cert

CDN-GS-P2A Meas

CDN-GS-P2A Cert

423984 Orig

423984 Dup

Method Blank Method Blank

< 0.001 < 0.01 < 1 < 1Method Blank Method Blank

< 0.01 < 1 < 2 < 10 < 1 < 10 < 1 < 1< 2

< 0.001 < 0.01 < 1 < 1Method Blank Method Blank

< 0.01 < 1 < 2 < 10 < 1 < 10 < 1 < 1< 2

Page 6 of 7

Activation Laboratories Ltd. Report: A11-13496

Quality Control

Sr Y Sc Zr Be VAnalyte Symbolppm ppm ppm ppm ppm ppmUnit Symbol

2 1 1 2 1 5Detection LimitFUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICP FUS-ICPAnalysis Method

GXR-1 Meas

GXR-1 Cert

DH-1a Meas

DH-1a Cert

NIST 694 Meas 1674

NIST 694 Cert 1740

145 16 37DNC-1 Meas 15731

144.0 18.0 38DNC-1 Cert 148.0 31

41 45 410 4GBW 07113 Meas 65

43.0 43.0 403 4.00GBW 07113 Cert 5.005.00

GXR-4 Meas

GXR-4 Cert

GXR-6 Meas

GXR-6 Cert

197 19 92 < 1W-2a Meas 27836

190 24.0 94.0 1.30W-2a Cert 26236.0

1205 117 526 3SY-4 Meas 81

1191 119 517 2.6SY-4 Cert 8.0 1.1

109 14 16 < 1BIR-1a Meas 33944

110 16 18 0.58BIR-1a Cert 310 44

OREAS 13b (4-Acid) Meas

OREAS 13b (4-Acid) Cert

CDN-GS-P2A Meas

CDN-GS-P2A Cert

423984 Orig

423984 Dup

Method Blank Method Blank

Method Blank Method Blank

Method Blank Method Blank

Page 7 of 7

Appendix D

Drilling Company

Date Started Date Completed

From ToFrom To

0 10.37

10.37 38.8

OVB

Gr Argillite

Rio Algom Exploration Inc.

Property Name

Huxter Pond

MetreageRock Type

Actual

Sample

Length

Sample

metreageSample

#

Sample

Metreage

(tags)

Planar

Feature

Angle

Alterra Resources Inc.

Collar Elevation Bearing of Hole from True North Total Metreage Dip of hole atLocation of Hole by

GPS or gridLocationDate Logged Logged By: -45 deg

Claim #

270 deg / Grid West 80.79 collar

Oct 31/87 Nov 1/87 October 6/11 C.Moran

Other:Exploration Company Date Submitted

Blk-gry; Vfg-fg; Graphite rich Argillite; Sulphides present, up to 1-3% locally, includes pyrrhotite, pyrite, and chalcopyritepentlandite?); Gry mineral present (arseno?); Sulphides are found in discrete, discontinuous layers as well as in

Overburden.

Description

Mapsheet

Page NumberHole #2801-87-08

38.8 40.01

40.01 80.79

EOH

Andesite Andesite; Locally chloritized; Blk-grn in color; Vfg-fg (ave <=1mm); Minor qtz/carb veinlets/blebs/nodules (1-3%); Carbamgydules? Surrounding a gry mineral (moly?); Very minro sulphides <<1% (pyrr, chalco, prob others); Tiny blk amph orpyroxenes (<1mm) with spotty texture (leopard texture?)

Gr Argillite/Andesite

pentlandite?); Gry mineral present (arseno?); Sulphides are found in discrete, discontinuous layers as well as indisseminated; Qtz/Carb veinlets, lenses and blebs; Up to 3mm but generally ~1mm in width. Tuffacous layers up to 12cmcommonly much smaller, Ave grain size <= 1mm; Dark/ight compositional layering present.

Intercalated Graphitic Argillite/Andesite; Diss sulphides generally <=1%.

Drilling Company

Date Started Date Completed

From ToFrom To

0 10.37

10.37 10.46

Description

Mapsheet

Page NumberHole #2801-87-10

-45 deg

Property Name

Possibly a boulder; tuff(?), has discrete banding but could be an andesite; 1-2% argillite with minor pyrr; Gry-grn in color;<1mm ave with silt-sand sized grains; Layering visible; Some vugs present.

Claim #

270/ Grid West 80.79 collar

Nov 5/87 Nov 5/87 Oct. 7/11 C.Moran

Other:Exploration Co., owner or optionee Date Submitted

Rio Algom

Alterra Resources Inc.

Collar Elevation Bearing of Hole from True North Total Metreage Dip of hole atLocation of Hole by

GPS or gridLocationDate Logged Logged By:

MetreageRock Type

Actual

Sample

Length

Sample

metreageSample

#

Sample

Metreage

(tags)

Planar

Feature

Angle

OVB/Casing

Tuff(?) (boulder?)

10.46 38.11

38.11 49.12

49.12 61.62

61.62 65.32

<1mm ave with silt-sand sized grains; Layering visible; Some vugs present.

Blk-gry in color with intercalated tuff; Very minor sulphides, pyrr visible, <<1%, however locally up to 5%; Minor Qtz/carbSome silty and sandy layers visible, some are prob tuffaceous; Clasts >1cm locally; Coarser section near 16m with largeclose to 2cm; Clasts are angular to sub-rounded; Most likely a tuff but could be due to a turbitity current, intercalated richsilt/sand/pebble size material, some sulph lenses, frags up to 3cm, distinct layerin (original with a sed appearance)

Graphitic Argillite

24.2-24.6; Either tuff or sand dep; Same gr size; ~1-2% frgaments, up to 3mm in size; Distinct layering, with aappearance

36.75-38.11; Transition from argillite to tuff;

Argillite/Tuff mix

Tuff/Andesite? Light-drk gry; Silt-sand grain size fraction; Black, spotty mafic ~1%; <<1% sulph(pyrr); Minor comp variations pointtuffaceous protolith, darker sections contain an inc in pyrr (0.5-1% locally); Minor qtz/carb <1%.

Both units intercalated; Mixing intervals varied; Can see the realtionships between units; Frags up to 1cm locally; 1-3%some contain chalco/pyrr rims; Gen min <<1%; Coarser sections present an generallycontain more min.

Tuff Light grey spots; Diss sulphides ~1%.61.62 65.32

65.32 69.14

69.14 80.79

Argillite/Tuff mix

Tuff Light grey spots; Diss sulphides ~1%.

Unit has same characteristics as above; Last few meters change to dominantly tuff.

EOH

Predom. Tuff Predominantly Tuff (coarser); There is a slight mix at the beginning; Light gry-grn color; Coarser section present,of qtz-kspar (felsics) with inc sulphides in this section, <1% generally; Qtz/carb veins, veinlets and frags up to 15%; Lithiccrystal tuff, up to 2cm frags/crystals (predom xtals), sand sized matrix(~1mm) with ~3mm ave frag size; Some frags canidentified as argillite.

Appendix E

012985M Oct 8, 2010 - Oct 8, 2011

4 Claims GeneraL Geological Field Field Travel

Prospecting Exploration Consulting Assays Supplies GIS Rentals

Paul Delaney 56.25 675.00 475.00

Colin Thistle 23.64 42.42

Chris Moran

Pearce Penney 1,184.00

Cdn Helicopters

Eastern Analytical 776.50

Katie Gen 12.11 277.60 147.76

SubTotal 1,184.00 56.25 675.00 776.50 35.75 277.60 517.42 147.76SubTotal 1,184.00 56.25 675.00 776.50 35.75 277.60 517.42 147.76

Total 3,670.28

10% Admin 367.03

Final Total 4,037.31

012988M Oct 8, 2010 - Oct 8, 2011

21 claims General Geological Field Field

Prospecting Exploration Consulting Assays Helicopters Supplies Travel GIS Camp Costs Rentals

Paul Delaney 56.25 675.00 475.00

Colin Thistle 266.14 222.73

Chris Moran 800.00 800.00 400.00 148.39

Pearce Penney 1,692.56

Mike Upshall 243.75

Cdn Helicopters

Eastern Analytical 757.50

ActLabs 634.50ActLabs 634.50

Katie Gen 2,773.65 63.57 1,457.40 775.73

SubTotal 1,692.56 56.25 1,475.00 1,392.00 2,773.65 63.57 2,523.54 1,341.48 148.39 775.73

Total 12,242.17

10% Admin 1,224.22

Final Total 13,466.39

016643M Oct 8, 2010 - Oct 8, 2011

8 Claims General Geological

Prospecting Exploration Consulting Assays Helicopters Field Supplies Field Travel GIS Rentals

Paul Delaney 56.25 475.00

Colin Thistle 46.92 84.85

Chris Moran

Pearce Penney 742.18

Cdn Helicopters

Eastern Analytical 378.75

Actlabs 211.50

Katie Gen 2,773.65 24.21 555.20 295.52Katie Gen 2,773.65 24.21 555.20 295.52

SubTotal 742.18 56.25 475.00 590.25 2,773.65 24.21 602.12 84.85 295.52

Total 5,644.03

10% Admin 564.40

Final Total 6,208.43

Appendix F

Mineral Rights Inquiry Report

Tuesday, December 06, 2011

Licence Number: 012985M

File Number: 774:3656

Original Holder: May have been several

Licence Holder: Alterra Resources Inc.

Address: 1320, 885 West Georgia StreetVancouver, BCCanada, V6C 3E8

Licence Status: Issued (Extended 2009/10/08)

Location: Bruce Pond, Central NL

Electoral Dist.: 13 Fortune Bay-Cape La Hune

Recorded Date:

Issuance Date: 1999/10/08

Renewal Date: 2014/10/08

Report Due Date: 2011/12/07

Org. No. Claims: 4.0000

Cur. No. Claims: 4.0000

Recording Fee: $0.00

Receipt(s): No related recording fee receipt

Deposit Amount: $0.00

Deposit: No related security deposit receipt

Map Sheet No(s): 02D/05

Comments:

This license replaces 009493M. Year 8 Con. 3 extension granted 2007.12.21. Reportnow due 2008.02.06. Year 10 Con3 extension granted 2009.12.17 - report now due2010.02.06. As per email from G.Lewis dated 2010.02.08, report en route. Year 10work report consists of compilation. Reviewed and data requested 2010.02.12. Data

received 2010.03.12 and report accepted 2010.03.17 (AM). As per email dated2010.11.07. from Alterra Resources Inc. the year 11 report is enroute - this isacceptable. Year 11 work report consists of core relogging and sampling, and

compilation. Reviewed and data requested 2010.12.10. Data received and reportaccepted 2010.12.21 (AM).

Mapped Claim Description:

Beginning at the Northeast corner of the herein described parcel of land, and saidcorner having UTM coordinates of 5 357 000 N, 608 000 E; of Zone 21; thence South1,000 metres, thence West 1,000 metres, thence North 1,000 metres, thence East1,000 metres to the point of beginning. All bearings are referred to the UTM grid,

Zone 21. NAD27.

Land Claims (effective 2005/12/01):

LISA: 0.00% LIL: 0.00% VBP: 0.00% Crown: 100.00%

Extensions:

Year Date Fee ReceiptNumber

Receipt Date ReceiptAmount

5 2004/10/08 $100.00 008507 2004/10/07 $100.00

Home Contact Government Home Only Natural Resources Search

Page 1 of 3Mineral Rights Inquiry Report

06/12/2011http://gis.geosurv.gov.nf.ca/mrinquiry/License.asp?License=012985M

10 2009/10/08 $200.00 NRJER8155 2009/10/26 $200.00

Work Reports:

Year ReceiveDate

AcceptanceDate

ActualExpenditure

Claims SecurityDeposit

C2 Status

1 $1,514.03 4.0156

2 $1,651.44 4.0156

3 $6,008.98 4.0000

4 $7,242.34 4.0000

5 $0.00 4.0000

6 $0.00 4.0000

7 $0.00 4.0000

8 2007/12/17 $0.00 4.0000

9 2008/12/10 $0.00 4.0000

10 2010/02/09 2010/03/17 $3,779.34 4.0000

11 2010/12/07 2010/12/21 $2,817.60 4.0000

$2,193.30 to be expended on this license by 2011/10/08

Licence Transfers:

New Holder TransferDate

Fee ReceiptNumber

ReceiptDate

Volume/Folio

Reid, Cyril 2006/12/19 22/24

Lewis, Gary E. 2007/06/27 22/126

AlterraResources Inc.

2010/06/30 24/60

Partial Surrenders: None

This Licence replaces Licence Number(s): 009493M

This Licence is replaced by Licence Number(s): None

Work Report Descriptions:

Year GS File No. Description

10 002D/05/0749

Detailed breakdown of projected required expenditure:

ActualYear

ActualExpenditure

Work Year ExcessExpenditure

Claims

1 $1,514.03

1 $710.91 4.0156

2 $1,651.44

2 $1,358.44 4.0156

3 $158.44 4.0000

3 $6,008.98

4 $4,767.42 4.0000

5 $3,167.42 4.0000

6 $767.42 4.0000

4 $7,242.34

7 $5,609.76 4.0000

8 $3,209.76 4.0000

9 $809.76 4.0000

5 $0.00

6 $0.00

7 $0.00

8 $0.00

9 $0.00

10 $3,779.34

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06/12/2011http://gis.geosurv.gov.nf.ca/mrinquiry/License.asp?License=012985M

10 $2,189.10 4.0000

11 $2,817.60

11 $1,406.70 4.0000

12 -$2,193.30 4.0000

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Mineral Rights Inquiry Report

Tuesday, December 06, 2011

Licence Number: 012988M

File Number: 774:3656

Original Holder: May have been several

Licence Holder: Alterra Resources Inc.

Address: 1320, 885 West Georgia StreetVancouver, BCCanada, V6C 3E8

Licence Status: Issued (Extended 2009/10/08)

Location: Bruce Pond, Central NL

Electoral Dist.: 13 Fortune Bay-Cape La Hune

Recorded Date:

Issuance Date: 1999/10/08

Renewal Date: 2014/10/08

Report Due Date: 2011/12/07

Org. No. Claims: 21.0000

Cur. No. Claims: 21.0000

Recording Fee: $0.00

Receipt(s): No related recording fee receipt

Deposit Amount: $0.00

Deposit: No related security deposit receipt

Map Sheet No(s): 02D/05

Comments:

This license replaces 009493M. Year 8 Con. 3 extension granted 2007.12.21. Reportnow due 2008.02.06. Year 10 Con3 extension granted 2009.12.17 - report now due2010.02.06. As per email from G.Lewis dated 2010.02.08, report en route. Year 10work report consists of prospecting and soil sampling. Reviewed and data requested2010.02.12. Data received 2010.03.12 and report accepted 2010.03.17 (AM). As peremail dated 2010.11.07. from Alterra Resources Inc. the year 11 report is enroute -this is acceptable. Year 11 work report consists of core relogging and sampling, and

compilation. Reviewed and data requested 2010.12.10. Data received and reportaccepted 2010.12.21 (AM).

Mapped Claim Description:

Beginning at the Northeast corner of the herein described parcel of land, and saidcorner having UTM coordinates of 5 357 000 N, 605 500 E; of Zone 21; thence South

2,000 metres, thence East 500 metres, thence South 1,500 metres, thence West1,500 metres, thence North 1,000 metres, thence West 1,000 metres, thence North1,500 metres, thence East 1,500 metres, thence North 1,000 metres, thence East

500 metres to the point of beginning. All bearings are referred to the UTM grid, Zone21. NAD27.

Land Claims (effective 2005/12/01):

LISA: 0.00% LIL: 0.00% VBP: 0.00% Crown: 100.00%

Extensions:

Year Date Fee ReceiptNumber

Receipt Date ReceiptAmount

Home Contact Government Home Only Natural Resources Search

Page 1 of 3Mineral Rights Inquiry Report

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5 2004/10/08 $525.00 008507 2004/10/07 $525.00

10 2009/10/08 $1,050.00 NRJER8155 2009/10/26 $1,050.00

Work Reports:

Year ReceiveDate

AcceptanceDate

ActualExpenditure

Claims SecurityDeposit

C2 Status

1 $7,948.64 21.0820

2 $8,670.05 21.0820

3 $31,547.12 21.0000

4 $38,022.30 21.0000

5 $0.00 21.0000

6 $0.00 21.0000

7 $0.00 21.0000

8 2007/12/10 $0.00 21.0000

9 2008/12/10 $0.00 21.0000

10 2010/02/09 2010/03/17 $24,037.18 21.0000

11 2010/12/07 2010/12/21 $9,427.96 21.0000

$12,683.66 to be expended on this license by 2011/10/08

Licence Transfers:

New Holder TransferDate

Fee ReceiptNumber

ReceiptDate

Volume/Folio

Reid, Cyril 2006/12/19 22/24

Lewis, Gary E. 2007/06/27 22/126

AlterraResources Inc.

2009/10/01 23/160

Partial Surrenders: None

This Licence replaces Licence Number(s): 009493M

This Licence is replaced by Licence Number(s): None

Work Report Descriptions:

Year GS File No. Description

10 002D/05/0749

Detailed breakdown of projected required expenditure:

ActualYear

ActualExpenditure

Work Year ExcessExpenditure

Claims

1 $7,948.64

1 $3,732.23 21.0820

2 $8,670.05

2 $7,131.78 21.0820

3 $831.78 21.0000

3 $31,547.12

4 $25,028.90 21.0000

5 $16,628.90 21.0000

6 $4,028.90 21.0000

4 $38,022.30

7 $29,451.20 21.0000

8 $16,851.20 21.0000

9 $4,251.20 21.0000

5 $0.00

6 $0.00

7 $0.00

8 $0.00

9 $0.00

Page 2 of 3Mineral Rights Inquiry Report

06/12/2011http://gis.geosurv.gov.nf.ca/mrinquiry/License.asp?License=012988M

10 $24,037.18

10 $15,688.38 21.0000

11 $9,427.96

11 $6,216.34 21.0000

12 -$12,683.66 21.0000

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Mineral Rights Inquiry Report

Tuesday, December 06, 2011

Licence Number: 016643M

File Number: 774:3656

Original Holder: May have been several

Licence Holder: Alterra Resources Inc.

Address: 1320, 885 West Georgia StreetVancouver, BCCanada, V6C 3E8

Licence Status: Issued (Extended 2009/10/08)

Location: Bruce Pond, Central NL

Electoral Dist.: 13 Fortune Bay-Cape La Hune

Recorded Date:

Issuance Date: 1999/10/08

Renewal Date: 2014/10/08

Report Due Date: 2011/12/07

Org. No. Claims: 8.0000

Cur. No. Claims: 8.0000

Recording Fee: $0.00

Receipt(s): No related recording fee receipt

Deposit Amount: $0.00

Deposit: No related security deposit receipt

Map Sheet No(s): 02D/05

Comments:

This license replaces 012982M. Year 10 Con3 extension granted 2009.12.17 - reportnow due 2010.02.06. Year 10 work report consists of compilation. Reviewed and data

requested 2010.02.12. Data received 2010.03.12 and report accepted 2010.03.17(AM). As per email dated 2010.11.07. from Alterra Resources Inc. the year 11 report

is enroute - this is acceptable. Year 11 work report consists of core relogging andsampling, and compilation. Reviewed and data requested 2010.12.10. Data received

and report accepted 2010.12.21 (AM).

Mapped Claim Description:

Beginning at the Northeast corner of the herein described parcel of land, and saidcorner having UTM coordinates of 5 357 000 N, 603 000 E; of Zone 21; thence South500 metres, thence East 1,000 metres, thence South 500 metres, thence West 500

metres, thence South 500 metres, thence West 1,000 metres, thence North 500metres, thence West 500 metres, thence North 1,000 metres, thence East 1,000

metres to the point of beginning. All bearings are referred to the UTM grid, Zone 21.NAD27.

Land Claims (effective 2005/12/01):

LISA: 0.00% LIL: 0.00% VBP: 0.00% Crown: 100.00%

Extensions:

Year Date Fee ReceiptNumber

Receipt Date ReceiptAmount

5 2004/10/08 $714.75 008507 2004/10/07 $714.75

Home Contact Government Home Only Natural Resources Search

Page 1 of 3Mineral Rights Inquiry Report

06/12/2011http://gis.geosurv.gov.nf.ca/mrinquiry/License.asp?License=016643M

10 2009/10/08 $400.00 NRJER8155 2009/10/26 $400.00

Work Reports:

Year ReceiveDate

AcceptanceDate

ActualExpenditure

Claims SecurityDeposit

C2 Status

1 $10,823.67 28.7074

2 $11,806.02 28.7074

3 $42,957.78 28.5957

4 $51,775.05 28.5957

5 $0.00 28.5957

6 $0.00 28.5957

7 $0.00 28.5957

8 $0.00 28.5957

9 $0.00 28.5957

10 2010/02/09 2010/03/17 $5,374.64 8.0000

11 2010/12/07 2010/12/21 $2,687.75 8.0000

$5,348.76 to be expended on this license by 2011/10/08

Licence Transfers: None

Partial Surrenders: None

This Licence replaces Licence Number(s): 012982M

This Licence is replaced by Licence Number(s): None

Work Report Descriptions:

Year GS File No. Description

10 002D/05/0749

Detailed breakdown of projected required expenditure:

ActualYear

ActualExpenditure

Work Year ExcessExpenditure

Claims

1 $10,823.67

1 $5,082.18 28.7074

2 $11,806.02

2 $9,711.34 28.7074

3 $1,132.62 28.5957

3 $42,957.78

4 $34,081.88 28.5957

5 $22,643.59 28.5957

6 $5,486.14 28.5957

4 $51,775.05

7 $40,103.74 28.5957

8 $22,946.30 28.5957

9 $5,788.85 28.5957

10 $988.85 8.0000

5 $0.00

6 $0.00

7 $0.00

8 $0.00

9 $0.00

10 $5,374.64

11 $2,687.75

11 $1,851.24 8.0000

12 -$5,348.76 8.0000

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