technical rpt mcwatters prop langmuir tp...n.t.s. 42a/sw march 8, 2002 todd keast, p.geo. received...

Technical Report

on the

McWatters Property

for

Liberty Mineral Exploration Inc.

Porcupine, Ontario

N.T.S. 42A/SW

March 8, 2002 Todd Keast, P.Geo.

RECEIVEDMAY 1 5 2003

GEOSCIENCE ASSESSMENT OFFICE

42A06SE2014 2.26371 LANGMUIR 010

TABLE OF CONTENTSPage

SUMMARY...............................................................................................3"INTRODUCTION AND TERMS OF REFERENCE...............................................4DISCLAIMER...........................................................................................^PROPERTY LOCATION AND DESCRIPTION..................................................^ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY.......................................................................................8PROPERTY HISTORY...............................................................................9REGIONAL GEOLOGY.............................................................................15PROPERTY GEOLOGY.............................................................................16ECONOMIC GEOLOGY............................................................................19LIBERTY MINERAL EXPLORATION INC. 2002 EXPLORATION PROGRAM...... ..23SAMPLE PREPARATION, ANALYSIS AND SECURITY...................................26DATA VERIFICATION.............................................................................26MINERAL PROCESSING AND METALLURGICAL TESTING ...........................27MINERAL RESOURCES............................................................................27INTERPRETATION AND CONCLUSIONS....................................................27RECOMMENDATIONS.............................................................................28CERTIFICATE OF QUALIFICATIONS.........................................................29REFERENCES.......................................................................................30

FIGURESFIGURE l Property Location....................................................6FIGURE 2 Claim Map.............................................................7FIGURES Regional Geology..................................................17FIGURE 4 Property Geology...................................................18FIGURES Regional Geophysics...............................................20FIGURE 6 McWatters Deposit Cross Section...............................22FIGURE 7 McWatters Surface Drill Plan.....................................25

TABLESTABLE l Claim List...........................................................8TABLE 2 Previous Work.....................................................lOTABLE 3 Select Drill Results Urban Quebec Mines Ltd................ 12TABLE 4 Ni-Cu Sulphide Deposits of the Timmins Area...............19TABLE 5 "Historical Estimates" for the McWatters Deposit................21TABLE 6 Select PGE Analysis from samples from Tisdale Assemblage.. .23TABLE 7 Proposed Exploration Budget................................. ..28

APPENDICES

APPENDIX I

APPENDIX II

APPENDIX III

Claim Abstracts

Claim Purchase Agreement

Lakefield Assay Procedure

SUMMARY

During February and March of 2002, Liberty Mineral Exploration Inc. (Liberty), completed a

single diamond drill hole on the historical McWatters nickel copper sulphide deposit, as part of a

larger evaluation of the McWatters Property. The McWatters Property is located approximately

25 kilometers southeast of the city of Timmins, Ontario, within the Abitibi Greenstone Belt. The

property consists of nine mining claims, which covers approximately 1,168 hectares (ha). The

nine claims are registered lOO^o in the name of 2004428 Ontario Inc, a 10007o owned subsidiary

of Liberty. The claims are located on National Topographic Series (NTS) map 43A/SW, within

Langmuir Township of the Porcupine Mining Division.

' The ultramafic assemblage (Tisdale assemblage) which hosts the McWatters Deposit (historicalt1 name), is host to three past producing nickel (Ni), copper (Cu), sulphide deposits (Langmuir.

Redstone, Texmont), and two undeveloped Ni-Cu deposits (Hart, McWatters). The undeveloped

McWatters Deposit has a resource estimate of 165,790 tons of \.9207o Ni in the Lower Zone and

477,768 tons averaging G.73% Ni in the Upper Zone (Canadian Mines Handbook 1968-1969).

The "historical estimates" are not in accordance with CIM Standards on Mineral Resources and

Reserves Definitions and Guidelines.

Mineralization within the McWatters Deposit consists of disseminated, net-textured and massive

sulphides positioned in the basal portions of an ultramafic flows, and is comparable in most

respects to the Australian Kambalda style Ni-Cu sulphide deposits. During the 1960's and 1970's

when exploration and development was advancing on the Tisdale assemblage Ni-Cu deposits,

Platinum Group Elements (PGE's) were not regularly assayed for, the PGE content of these

f- deposits are relatively unknown. Several research papers on the Tisdale assemblage deposits

' include assays results for PGE contents. These preliminary results suggest potential for the re-

evaluation of the McWatters Deposit with respect to the PGE grades.

Further work is recommended for the McWatters Property. Exploration efforts should focus on

evaluating the PGE content of the McWatters Deposit, in addition to testing other potential target

areas. Liberty is currently completing a diamond drill hole through the center of the McWatters

Deposit. The drill core should be assayed for Ni, Cu and PGE contents. The level of follow-up

work on the project is dependant upon the assay results. A Phase l budget of 5517,000 is

proposed.

INTRODUCTION AND TERMS OF REFERENCE

During February and March of 2002, the author was contracted by Liberty Mineral Exploration

Inc. to complete a compilation of the Me Walters Property, and to log and sample a diamond drill

hole through the central portion of the Me Walters Ni-Cu sulphide deposit. The purpose of the

drill hole was to gain information on the geology and nature of mineralization in the deposit, with

specific focus on the platinum group element (PGE) content. As the drill core from previous

exploration programs was not available for re-sampling and analysis, and the zone does not

outcrop on surface, the single drill hole through the middle of the mineralized zone was

completed to gain the required information on the deposit. This report was prepared at the

request of Liberty Mineral Exploration Inc. for the purpose of the Corporation's Annual

Information Form ("AIF").

Background work involved in the preparation this report included a review of past geological and

geophysical surveys by government agencies, and a thorough review of exploration activities by

previous operators. The report was prepared entirely by the author, Todd Keast P.Geo., the

Qualified Person on the project. The author visited the property several times in the past seven

years, with the most recent visit occurring during the diamond drill program, (March 6, 2002).

The author logged and supervised the sampling of core from the Liberty drill hole LBE-M1. The

author has completed 16 years of exploration work, with four seasons specifically targeted at Ni-

Cu-PGE sulphide deposits throughout Ontario and Quebec. Where possible, the exploration

program was conducted in compliance with the Mineral Exploration Best Practices Guidelines.

The McWatters Property is located within the Abitibi greenstone belt, a large prolific greenstone

belt in terms of metal production, extending through Ontario and Quebec. The McWatters

Property is situated within the fertile ultramafic assemblage (Tisdale Assemblage), which is host

to a number of Ni-Cu sulphide deposits and occurrences. The McWatters Deposit (643,558 tons

1.04yoNi, ODM report 86), is situated on the McWatters Property. The property consists of nine

mining claims (1,168 ha), located approximately 25 kilometers (km) southeast of Timmins,

Ontario.

The author's evaluation of the McWatters property consisted of a review of all past work on the

property, and the logging of a single diamond drill hole through the central part of the McWatters

deposit. The purpose of the drill hole was to gain information on the geology and mineralization

of the deposit, and to evaluate the relatively unknown PGE content of the zone.

Further work is recommended for the McWatters Property. The drill core from the McWatters

'Deposit has been split with assay results pending. The next phase of work on the property will be

dependant upon the drill hole assay results. A proposed exploration budget of 5517,000 is

recommended to fully evaluate this property.

DISCLAIMERThe author of this report has visited the property during the drilling program (March 6, 2002),

logged and supervised the sampling of drill core, and completed an independent compilation of

previous work. The author has made reasonable efforts to ensure the exploration program was

conducted in accordance with the Mineral Exploration Best Practices Guidelines. The author has

reviewed the reports from previous exploration programs, but cannot assure the reliability and

accuracy of data collection and results from these previous exploration programs. Mineral

resource calculations "historical estimates", as reported from previous operators on the property

have been neither confirmed nor denied by the author, but are merely reported as data relevant to

the property. Data pertaining to the McWatters Deposit is fragmented, with some missing drill

logs, missing sections and plans, missing documentation on resource estimates, and missing

documents on metallurgical testing. Much information pertaining to the deposit is taken from

Ontario Geological Survey and Ontario Department of Mines Reports.

PROPERTY LOCATION AND DESCRIPTION

The McWatters Property is located approximately 25 kilometers southeast the city of Timmins,

(Figure 1), in the region of northeastern Ontario. The latitude and longitude of the center of the

T property is 48"18N, 81 002'W. The property is positioned in Langmuir Township (G-3226),

within the Porcupine Mining Division. The property is accessed from Timmins/South Porcupine

r by a series of gravel roads.

The McWatters property consists of nine mining claims (Appendix 1), which encompass an area

of approximately 1,168 hectares (Figure 2). The nine claims are registered I0007o in the name of

numbered company 2004428 Ontario Inc. Liberty Mineral Exploration Inc. has a signed "Share

Purchase Agreement" (Appendix II) with 2004428 Ontario Inc. (November 15, 2001). The

assets of 2004428 as outlined in the agreement include the nine claims, which make up the

'- McWatters Property.

SOUTH PORCUPINE~w

I-HMOLLIE RIVER

CDNX- LBE

LIBERTY MINERAL EXPLORATION INC

PROPERTIES LOCATION MAP

Figure l

j—, j— j— 3— r j j" -O LAN RE

MAP

0*1* ' Tkn. ul IHIM Fib 1J Itni ll.aOh Ei'

TOWNSHIP'AREA PLAN

UkMGMUIR Q-3226

ADMINISTRATIVE DISTRICTS / DIVISIONS

MUUn? DMlMn Poicuplrvi

UfM minlH.gl.irr Dwnlon univiUBl.

LAHDTIHIMI

Q G]

Q Q Q D

0 . BQ

LAND TENURE WITHDRAWAL!

03-—

LAND TENURE WITKDOAHAL MSCftl*T|OHS

HI KM) T ANT NOTICE*

OtFWliBitarmalien ind LtaHilton

Fieure 2

The nine mining claims form a contiguous land package extending for approximately 4.5 km in an east west direction, and 2.2 km in a north south direction. The mining claims have not been

surveyed. A claim list is included in Table 1.

Table l - Claim List for the McWatters Property

Claim #

P 1240735P 1243151P 1243152P 1243 153P 1243154P 1243155P 1248462P 1248464P 11669099 claims

Townshin

LanamuirLansmuirLanemuirLanemuirLanemuirLanemuirLanemuirLanemuirLanemuir

Claims Units

7139151313

111

Hectares112208144240208208161616

1.1 68 ha

Due DateJune 4. 2003June 19.2003June 19.2003June 19. 2003June 19.2003June 19.2003June 4. 2003June 4. 2003

June 12.2003

Mine workings, tailings ponds, waste deposits are not known to exist on the property. The author is not aware of any environmental liabilities that would hinder the advancement of exploration on the property. Exploration work permits may be required for summer work if rivers and stream

crossing are necessary.

ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND

PHYSIOGRAPHYThe property is accessed from Timmins l South Porcupine by a series of gravel roads. Approximately 13km southeast of South Porcupine, along the Redstone Road (also known as Langmuir Road or Stringer Road), is an east branching road to the Langmuir Minesite. Approximately 6 km along this road is a south branching trail (winter) for another 4 km, which leads to the northern part of the property. A series of winter trails are used for access across the

property.

C"*-'

f-

The topography of the McWatters Property is flat to gently rolling. Outcrop exposure is low. approximately J-3%. The majority of the property is covered by spruce bog, and cedar bog.

Drainage is controlled by numerous small creeks, which drain east into Carman Bay, of

Nighthawk Lake. The elevation of the property is approximately 325m above sea level. Elevation

changes on the property are low, approximately 25 ft. Overburden in the area is thought to be less

than 75 ft in thickness. Due to the flat swampy nature of the area, diamond drilling is best completed in the winter months.

The climate of the project area is warm and dry in the summer months from May through to September, and cold and snowy from November to March. Temperatures range from +30 Celsius in the summer to -30 Celsius in the winter. Field exploration can be completed throughout all months of the year.

The project is proximal to the city of Timmins, Ontario, which hosts a population of 48,000. The population consists of a skilled and experienced workforce, with considerable experience and

history in mining and mineral processing. A number of gold mines, a base metal mine and the Falconbridge Kidd Creek Metallurgical site are all located within the city of Timmins.

As the project is in an early stage of evaluation, the author cannot determine if Liberty has

secured sufficient surface rights for a mining operation, nor investigated availability of power, water, mining personnel, potential tailings storage areas, potential waste disposal areas, and

potential processing plant sites.

PROPERTY HISTORYExploration on the McWatters Property dates back to 1947, and has included prospecting, trenching, airborne geophysical surveys, ground geophysical surveys, and diamond drilling.

Government sponsored work in the area has included a 1967 mapping program of Langmuir and Blackstock Townships by the Ontario Department of Mines (O.D.M.), and a 1988 airborne electromagnetic (EM) and Magnetometer (magnetic) survey over the Timmins Area, which included Langmuir Township, by the Ontario Geological Survey (O.G.S.). A summary of all documented government surveys and exploration activities by companies covering the McWatters

Property is listed below in Table 2.

Table 2 - Summary of Previous Work on the Me Waiters Property

Year19471961- 19671965196519661967

19671969-

7019701970

197119711971197519771987198819911994, 19952002

CompanyDominion Gulf Company

Me Walters Gold Mines Limited

Urban Quebec Mines LimitedNational Explorations Limited

Silverplace Mines LimitedOntario Department of Mines

E. GalataFalconbridge Nickel Mines

Tontine MinesCanadian Jamieson Mines

Cantri Mines LimitedSeaway Copper Mines LimitedInternational Nickel Company

Pamour Porcupine MinesNorando Exploration Co

Canadian Nickel CompanyOntario Geological Survey

Timmins NickelOutokumpu Mins Ltd.

Liberty Mineral Exploration

Type of WorkAirborne Magnetics.

Mag, EM, and geological surveys, Drilling 25,735 ft.

Diamond drilling (2,476 ft)Ground geophysics, drilling (3,786 ft)

Drilling (1,004 ft).Mapping Langmuir and Blackstock Townships (Geological Report 86)

Drilling (2,000 ft)Drilling (3,03 1.5 ft)

Acquires Assets of McWatters.Geophysics, drilling, metallurgical

testing.Drilling (1,769 ft)

ProspectusGround MagneticsDrilling (404 ft)

Ground geophysicsAirborne Geophysics, RC Drilling

Airborne SurveysGround magnetometer, HLEM

Ground geophysics, trenching drilling (7,011ft)

Diamond drilling

Dominion Gulf Company (1947)

In 1947, Dominion Gulf Company conducted an airborne magnetometer survey. The company

did not report any follow up work.

McWatters Gold Mines Limited (1961)

In 1961, McWatters Gold Mines Limited, in partnership with Quebec Manitou Mines Limited, staked a group of 54 unpatented mining claims. During the same year the companies completed ground magnetic, electromagnetic and geological surveys on the property. In 1962 the company drilled 13 diamond drill holes totaling 3,502 feet. Ten of these holes tested magnetic anomalies with coincident electromagnetic anomalies, which turned out to be sulphide bearing iron formation with no base metal concentrations (Ontario Department of Mines Geological Report

10

86). The other three holes investigated magnetic anomalies. The final drill hole of the program tested a magnetic feature 3,400 ft long and 200-300 ft wide, and was found to host Ni sulphide

mineralization. The mineralization, hosted within a serpentinized dunite, returned an average of

Q.428% Ni for 199 ft of core length, with a value of Q.65% Ni for 51.8ft of core length (Ontario

Department of Mines Geological Report 86). Later in the year an additional 11 diamond drill

holes (5,192 ft), were completed along the mineralized magnetic anomaly. One of these holes was reported to have G.63% Ni for a 36ft core length and Q.74% Ni for a 45ft core length (Ontario

Department of Mines Geological Report 86). This drilling outlined a small sub-economic Ni sulphide deposit.

In 1964 and 1965, drilling resumed with 24 vertical holes (15,028 ft) completed on the mineralized zone. Some of the drill holes returned encouraging results, with some values greater than I 07o Ni for lengths of 100-300 ft. (ODM Report 86). One 10ft section returned more than 5 07o Ni (Northern Miner 1964, p.1113), and another 9.71 07o Ni (Northern Miner 1965 p.297). In addition one inclined hole was drilled to test a magnetic anomaly. This drilling delineated an

upper and lower zone to the deposit, but significant mineralization was not located beneath or

along strike to the deposit. The complete set of drill logs for the 1964-1965 drilling is not on file at the Ministry of Northern Development and Mines.

In 1967 three diamond drill holes totaling 1,298 ft were completed, fulfilling sufficient assessment work to bring the claims to lease. These holes were not drilled on the main mineralized ultramafic body. This work failed to indicate any economic mineralization

Urban Quebec Mines Ltd. (1965)

In 1965, Urban Quebec Mines Ltd., completed 10 diamond drill holes (2,476 ft) on a small group of claims in the northwest corner of what is now the McWatters Property. The drill holes intersected mafic volcanics, rhyolite, rhyolite porphyry and serpentinized peridotite. Mineralization within the peridotite consisted of J-3%, locally S-5% disseminated pyrite and pyrrhotite. Assay results from the Urban Quebec drill program indicate anomalous Ni results in

five holes (Table 3). Urban Quebec did not report any follow up work.

11

Table 3 - Select Drill Results Urban Quebec Mines Ltd.

Hole#0-1Q-2Q-3Q-4Q-5

ResultsQ.33% Ni/ 20 ft0.1707oNi715ftQ.35% Ni 1 7.0 ft

0.13 0XoNi75.0ft, 0.1707oNi, 5.0ft0.2907oNi^ 1.5 ft

National Explorations Limited (1965)

In 1965, National Explorations Limited conducted ground geophysical surveys, and completed 10 diamond drill holes (3,786 ft) on a group of claims which is now the central part of the McWatters Property. Drill holes intersected felsite, andesite, monzonite, altered syenite, and peridotite. Up to 5/4 disseminated pyrite was intersected within the andesite, but did not return

anomalous Ni assays. Follow Up work was not reported.

Silverplace Mines Limited (1966)

In 1966, Silverplace Mines Limited completed 2 diamond drill holes (704 ft) on a claim which is now situated on the east end of the McWatters property. The holes intersected granite, greenstone breccia, and serpentinite. Core was assayed for gold and silver only. Follow up work

was not reported.

Ontario Geological Survey (1967)

In 1967 the Ontario Department of Mines completed a mapping program which covered Langmuir Townships (Pyke 1970). The geology was mapped as a northeast-southwest series of

peridotite intrusions in contact with a sequence of felsic volcanic rocks, sediments and narrow

iron formations.

E. Galata (1967)

In 1967, E Galata completed 4 diamond drill holes (2,000 ft) on small block of claims which is now the northwest corner of the McWatters property. The drill holes intersected diorite, rhyolite, granite porphyry and peridotite. Hollinger Mines completed a property visit and documented a Ni- Cu showing which contained 1.5 0Xo Ni, G.14% Cu from trench grabs. The mineralization was located at the contact of the peridotite with the rhyolite. Follow up work was not reported.

12

Falconbridge Nickel Mines Ltd (1969,1970)

In 1969, Falconbridge Nickel Mines Ltd. conducted ground geophysical surveys and completed

seven diamond drill holes (3,031.5 ft) on a group of claims, which are now the northwest portion

of the McWatters property. The drill holes intersected a variety of volcanics rocks types

including peridotite. Traces of pyrite and chalcopyrite were noted on the logs, however assays were not reported. Follow up work was not reported

Tontine Mining Limited, 1970

Under the terms of an agreement dated February 23, 1970, Tontine Mining Limited purchased the assets of McWatters Gold Mines.

Canadian Jamieson Mines Limited, 1970,1971

In 1970 Canadian Jamieson Mines Limited reached an agreement with Tontine Mining Limited whereby Canadian Jamieson would evaluate previous work on the property and if warranted, bring the property into production. In 1971 Canadian Jamieson Mines Limited conducted geophysical surveys, metallurgical testing and diamond drilling on the property. Results of the work were inconclusive. The reports pertaining to the Canadian Jamieson evaluation are not on

file at the Ministry of Northern Development and Mines. The work is referenced from (OGS

Study 20).

Cantri Mines Limited (1971)

In 1971, Cantri Mines completed 4 diamond drill holes (1,769 ft), on a small group of claims situated on what is now the eastern edge of the McWatters property. Drill holes were planned to

test geophysical responses obtained from surveys of previous operators. Rhyolite, felsite, porphyry and serpentinite were intersected in the drill holes. Disseminated pyrite was noted in the drill holes, with the highest assay of Q.13% Ni over an unknown width (assays not

documented on drill logs). Hole 2 was abandoned and was recommended for re-drilling during a later program. Cantri Mines did not report any follow up work.

Seaway Copper Mines Limited (1971)

In 1971 Seaway Copper Mines Limited acquired the claims held by Cantri Mines. A prospectus for work on the project was prepared, however work was not reported.

13

Outokumpu Mines Ltd. (1994,1995)

In 1994 Outokumpu Mines Ltd completed ground geophysical surveys, mechanical stripping, and

diamond drilling (7,011 ft) on the northwest corner of what is now the McWatters property. Thick

sequences of ultramafic rocks were intersected, however sulphide mineralization was not

encountered. Mechanical stripping was completed on an area 246 ft by 246 ft, to expose the

ultramafic/volcanic contact, and the historical showing identified by Galata (1967). Outokumpu did not complete any additional work.

Liberty Mineral Exploration Inc. (2001, 2002)

In 2001, Liberty Mineral Exploration Inc. purchased the assets 2004428 Ontario, which included the nine claims, which make up the McWatters Property. Liberty initiated a property compilation and completed a diamond drill hole through the center of the McWatters Deposit.

REGIONAL GEOLOGY

The McWatters Property is located in the Abitibi Geenstone Belt of the Superior Province of the

Canadian Shield. The Abitibi Greenstone belt is a large granite-greenstone terrain some 150,000 km2 in area extending from Lake Superior in north-central Ontario to northwest Quebec. Measuring 750 km long by 200 km wide, the Abitibi is the largest greenstone belt within the

Canadian Shield. The Abitibi is an extremely prolific archean terrain in terms of copper-zinc

sulphide mineralization, gold mineralization, and a number of moderate sized Ni-Cu sulphide deposits. Metamorphic grade varies from greenschist to lower amphibolite facies. Recent U-PB Zircon geochronology has shown that the volcanic-sedimentary pile accumulated in three major cycles over a period of 50 million years. Most of the volcanic activity is interpreted to have occurred between 2730 and 2700 Ma (Corfu F. et al 1989). Major east and northeast trending growth faults (Destor Porcupine Deformation Zone, Cadillac-Larder Deformation Zone), were

active throughout the main periods of volcanism, and became the focus of a late period of alkaline volcanism and sedimentation between 2680 and 2677 Ma. These deformation zones are

the focus of most of the major gold deposits found in the Timmins and Kirkland Lake camps. In excess of 120 million ounces of gold has been produced from mines associated with these two structures.

The 2.7 Ga Abitibi greenstone belt contains several lithologically distinct and structurally repeated volcano-sedimentary assemblages subdivided into several distinct terranes. Based on an

15

extensive database of U-Pb zircon dating, Ayer et al. (1999, 2000) have modified previous

interpretations of the Abitibi greenstone belt and subdivided it into 9 assemblages. Komatiite

geology occurs in only 4 of the assemblages, but they all occur within the 2750-2700 age interval

and occur at similar stratigraphic levels. In the Timmins area, Pyke (1970) recognized three

stratigraphic groups (assemblages), Deloro, Tisdale, and Porcupine, the first two displaying cyclic

volcanicity (ultramfic-mafic-felsic). The Tisdale Group overlies the Deloro Group, which in turn

is overlain by the Porcupine Group. Ni-Cu sulphide deposits are associated with the Kidd-

Munro assemblage and the Tisdale Assemblage. These productive ultramafic rocks are

chemically distinct, being classified as aluminum un-depleted (Sproule et al, 2000).

The main structure in the McWatters Property area is the Shaw Dome (Figure 3), an elongate

feature extending about an east-west axis trending across Shaw Township. The Tisdale

assemblage consists of a discontinuous belt of ultramafic rocks, which outline the Shaw Dome.

Mineralization within the Tisdale assemblage includes komatiite-associated nickel-copper

sulphide mineralization associated with ultramafic flows. The nickel sulphide mineralization

occurs along the southern side of the Shaw Dome, and is host to five known Ni-Cu sulphide

deposits and several showings that occur within the basal komatiitic flows. The ultramafic flows,

which host the sulphide mineralization, define a stratigraphic horizon overlying the felsic to

intermediate volcanic rocks (Pyke 1970; Green and MacEachern 1990). The horizon is

associated with the thickest accumulation of sulphidic sedimentary rocks.

PROPERTY GEOLOGYLangmuir Township was mapped in 1967 by D.R. Pyke of the Ontario Department of Mines

(Geological Report 86.). The geology of the McWatters Property was mapped as a northeast-

southwest trending sequence of mafic volcanic flows, peridotite intrusive rocks, inter-fingered

with several narrow (100-200 metre wide) intermediate-felsic volcanic tuffs (Figure 4).

Stratigraphy appears to strike Az 450 and dip steeply to the south. A number of synform-antiform

fold structures were identified on the property. A large- scale synclinal fold structure is situated

in the north-central portion of the property, which may lead to repetition of stratigraphy.

Additional parasitic fold structures are mapped across the property. Two major northwest-

southeast oriented faults cross-cut the property and offset stratigraphy. One of these fault

structures, the Montreal River Fault, is situated in the west portion of the McWatters Property.

16

Legend

MIDDLE PRECAMBRIAN s l Cobalt Group sedimentary rocks

EARLY PRECAMBRIAN

Felsic intrusions

Ultramafic-mafic intrusions

Metasedimentary rocks

Felsic metavolcanic rocks

Mafic metavolcanic rocks

Symbols

———— Geological boundary

"^ -^ Fault

* Nickel deposit

m Town, city

S M C 14090

Figure 3-The Timmins Area, general geology and location of nickel deposits (after Pyke and Mid dleton 1970).

GASMAN f TOWNSHIP

\ LANGMUIR

800m

Figure 4

Movement on the fault structure is interpreted as both dextral and sinistral. The aeromagnetic

signature of the volcanic rocks which underlay the McWatters Project are relatively high,

suggesting the property is underlain by a large percentage of komatiitic volcanic rocks. The

mafic volcanic horizons have a slightly lower magnetic signature. A number of airborne

electromagnetic anomalies were identified by the O.G.S. survey (Figure 5).

ECONOMIC GEOLOGYSeveral Ni-Cu sulphide deposits have been mined in the Timmins area (Table 4), three of them

hosted within the Tidsale assemblage. The Ni-Cu mineralization of these deposits has been

studied and discussed in numerous scientific papers (Green, A., and Naldrett, A.J. 1981), and

have been compared to the Kambalda deposits of Australia.

Table 4 - Ni-Cu Sulphide Deposits in the Timmins Area

Deposit Name

Montcalm

Alexo

Dundonald

Langmuir 1

Langmuir 2

McWatters

Hart

Redstone

Sothman

Texmont

Grade

1. 4407o Ni, 0.6807oCu

4.5"7o Ni.0.50% Cu

High grade

1.4707o Ni

1.43 07oNi

d.73% Ni upper zone

1.92"7oNi lower zone

G.9% Ni

2.3907o Ni, Q.09% Cu

1.3 07oNi

0.9207o Ni,

Tonnes

3,560,000

55,000

Small tonnage

61,750

1,100,000

165,700

477,768

770,000

1,220,000

231,000

3,190,000

MNDM Resident Geologist Annul Report 1999

19

JT

I llL

L L

l I I

I l L L

— otno T n*

O

gtjSCLOUO5F trsuJ

-ixiSce 51=31

5356000N 5354000N 53520QON 5350000N 534SOOON

o

*i8g a i sg slS5SSS sa ** ssa)?*V*^r-~tfi0illi'i*-vJKAMK|*fl}3 — — — r *

The McWatters Deposit geology is described in OGS Study 20, and ODM geological repot 86.

from which the following information is gathered. The ultramafic rocks, which host the

mineralization are serpentinized and locally altered to talc, chlorite and carbonate. Massive and

cumulate textures are locally preserved and are best developed near the center of the body where

pyroxene occurs as an intercumulus phase. During 1964 and 1965 McWatters was able to outline

a small irregular zone of mineralization, 300 ft in length approximately 50 ft in width, extending

to a vertical depth 300 ft. The sulphide mineralization occurs as irregular veins, pods,

disseminations, and occassionly as net-textured to massive. Nine polished sections were

examined by the Laboratory and Research Branch of the Department of Mines. The sulphide

minerals observed in decreasing abundance were pyrite, pentlandite, millerite and minor

chalcopyrite.

The deposit was subdivided into an upper and lower zone, with the lower zone containing a

greater percentage of mineralization. A breakdown of the upper and lower zone "historical

estimates" (ODM Report 86) are included below in Table 5. The "historical estimates" of the

McWatters Deposit is not in accordance with current industry standards, but is reported from

government documentation (ODM 86), describing the mineralized zone.

Table 5 - "Historical Estimates" for the McWatters Deposit

Undiluted

Diluted

Zone

Upper

Lower

Total

Upper

Lower

Total

Tonnage

4 15,450 tons

144,165 tons

5 5 9,6 15 tons

477,768 tons

165,790 tons

643,558 tons

Grade

Q.850% Ni

2.170 07oNi

1.19007oNi

Q.730% Ni

1.920 "/o Ni

1 .04007o Ni

Based upon the McWatters drilling, the ultramafic geology appears to dip steeply to the south at

approximately 650 to 80" (Figure 6). Vertical drilling utilized by McWatters for the majority of

holes complicates the interpretation of the geology. An angled drill orientation would have cut

the stratigraphy and mineralization an angle closer to true thickness. In addition, a wider section of stratigraphy would have been intersected including the lower ultramafic unit, intersected in

many holes but never tested through to the footwall contact. Massive higher grade nickel-copper

21

64-24 64-4 64-2 64-18

r

y 1

1

•^

/'x

v^sf

f

f

/

t

t

/

t t

f

l 1 ' 1

1 1, 1

1 Il/i

]! 4/ .-; i;

/ :-' ; ,7/

:--' '.-''.i : -" "C *

~"-V. "*C*

^r^*^

/ /'''

/ S /S' /

/ S

Ss s

s

11 1

1 11 •'

l '1 , '..

1 ; :l :^

'?'^'L-',''.r.

V.1;:--^' 1

u•i/pwift

y/ s

1 1

l/II

f / ' f ,/7/ /

^^ii

• 'UPPER

: : ZONE\;.

•~.\\'f \

sPijStr'

HB

lx/s

/s //

//

//

f

—— r1

' l 1

1 1 l ————— -100'; ...,... ;

; --' : ^ : ; • v; - ; • ::.-. :- l •••- \ \: : , 1/r":;; l~fy-' j ———————— -200''.-'-' y

;; ii i i il ——————————— -300'

; ; ; ;; i i i

^^l —————————————— -400'

/t ' i 7 i

fr,/x LEGEND

s

||^^| Porphyritic rhyodacite.

———— Diabase.

•^HHI Serpentinite.

mi Amphibo,ite.

/////i Felsic and mafic volcanics.

Scale \n feet 50 0 i oo

n n M film

Figure b -McWatters Gold Mines Limited (24), cross-section 1+OOE. Modi fied after section by M. Zurowski, prepared for McWatters Gold Mines Limited.

mineralization is usually located in paleotopographic depressions in the ultramafic flows. These

depressions (thermal erosional channels), can sometimes be detected by apparent thickening of

the ultramafic flow units. With the historical vertical drill orientation, detecting these depressions

is very difficult.

Analysis for PGE contents on the Ni-Cu deposits of the Tisdale assemblage has been minimal.

During the period of exploration and development in the 1960's and 1970's PGE prices were in

the S100 range, and thus uneconomic. Current PGE prices (March 8, 2002, Pt US$522/ oz, Pd

US$371 /oz Rh US$900/oz) and the association of Ni-Cu mineralization with PGE mineralization

increases the economics of low grade Ni-Cu deposits. A research paper by Green, A., and

Naldrett, A.J. 1981 included PGE analysis for a number of samples from the Langmuir Mine and

a single sample analysis from the McWatters Deposit. Results are included below in Table 6.

Table 6 - Select PCE Analysis from samples within the Tisdale assemblage.

Deposit

Langmuir

land 2

McWatters

# samples

42118

8

12

4

1

Cu 07o

0.26

0.44

0.25

0.29

0.21

0.26

0.24

Ni 07o

6.52

8.8

7.97

8.20

5.54

1.79

10.6

Co ppm

0.13

0.25

0.16

0.15

0.09

0.02

.0.16

Osppb

172

320

222

221

141

7

349

Ir ppb

103

120

134

159

63

0.6

356

Ruppb

321

420

360

579

184

40

977

Rh ppb

100

112

125

140

120

3

447

Pt ppb

322

350

395

256

386

125

174

Pd ppb

606

900

566

703

720

350

474

Au ppb

48

100

43

35

78

15

110

The highly evaluated PGE contents of the Langmuir samples indicate a strong association of

PGE's with the Ni-sulphide mineralization. The single sample from the McWatters Deposit

contains the elevated PGE content.

LIBERTY MINERAL EXPLORATION INC., 2002 EXPLORATION PROGRAM

During February and March of 2002, the author of this report was engaged by Liberty to complete a compilation of the McWatters Property. During this same period Liberty contracted

Vision Exploration to complete a single diamond drill hole on the McWatters Deposit. The drill

23

hole was planned to duplicate historical drill hole 64-2, which was drilled in the centri 1 n 'irt of the

deposit. The purpose of the drill hole was to evaluate the PGE potential of the McWatters

Deposit, confirm reported mineralization, and gain information on the geology and nature of

mineralization.

Historical drill casings were left in the holes, so that Liberty personnel were able to relocate the

McWatters drilling pattern. The historical baseline was relocated so that based upon the drill

casing pattern with respect to the baseline, drill hole locations were re-established (Figure 7).

The drill hole was spotted several feet away from the casing of drill hole 64-2. Todd Keast

(P.Geo., author of report) logged and is currently supervising the sawing and sampling of the drill

core.

SAMPLING METHOD AND APPROACH

Core sampling is being completed in compliance with the Mineral Exploration Best Practices

Guidelines. After the drill core is retrieved from the drill, the core is moved to a secure core

logging facility in Timmins. The entire length of drill core for the hole is measured, to ensure the

reported length of the drill hole and verify the position of the 10ft marker bocks placed by the

drill company (Vision Drilling). Core logging information is recorded on logging sheets and

entered into a computer. Core intervals for sampling are marked with wax crayons. Samples are

sawed in 5ft sample lengths, but can also be sampled in intervals relevant to abrupt changes in

mineralization and or geology. Core is sawn in half using a table mounted rock saw. The core is s

rinsed with water and placed in the sample bag, with the other half of the core returned to the core

tray to retain a permanent core record. A unique numbered sample tag is placed in the bag and the

bag sealed with staples. Individual bagged samples are placed in shipping bags. Contiguous sample tag series are used for core logging. Sample intervals are recorded on sample ticket

books, and recorded on the computerized drill log. The majority of the drill core is sampled.

Sludge samples were not collected. Split core samples were stored in the secured core shack.

Samples were transported by Ontario Northlands to Lakefield Research Limited for analysis.

The author is not aware of any drilling, sampling or recovery factors that would impact the

accuracy and reliability of the results. Reasonable efforts were made to ensure that samples were

of high quality and representative of the material and or mineralization being sampled. During drill core sampling, wide disseminated sections of mineralization was assayed in 5.0 ft intervals.

24

Approximate outline of upper zone. (Low-grade nickel mineralization) \

64-18d) .

®

1 Contact between metavolcanics and serpentinite.

Approximate outline ol lower zone, (High-grade nickel mineralization), at 400 feet below the surface.

Scale in feet50 O

l i i i i i——————L.100

O.D.M.6299

Q3

(Q3

CD

Qn ycrV*ffn

ut:r

Figure! -McWaffers Gold Mines Limited (24), surface projection of main mineralixed zone. Modified after plan by M. Zurowski, prepared for McWattersGold Mines Limited.

SAMPLE PREPARATION, ANALYSIS AND SECURITY

Core sawing and sampling was completed under the direction of the author of the report. Core

samples are split in half using a table mounted rock saw. Half of the core is sent for analysis and

the other half of the core returned to the core tray. Core sawing is carried out in a secured core

shack under the supervision of the author. The core sawing work-station is regularly cleaned of

rock chips and dust to reduce the chance of contamination. The drill core is rinsed prior to being

placed in the sample bags. The drill core is sawed so that a permanent record of drilling is

maintained. Core will be stored at the Liberty Core Shack in Timmins Ontario. Core samples are

collected in plastic sample bags, tagged and recorded with unique sample numbers. Sealed

samples are placed in shipping bags, which in turn are sealed with plastic tie straps.

All sample analysis will be performed by Lakefield Research Limited, of Lakefield Ontario. The

sample preparation and analysis procedure as supplied by Lakefield is included in Appendix III.

The author believes that the sample collection, sample preparation, security of samples, and

analytical procedures will be performed within the Mineral Exploration Best Practices

Guidelines.

DATA VERIFICATION

Due to the grass-roots nature of the exploration program, rigorous data verification procedures are

not in place. The author is involved in the collecting of data, recording the data, interpretation of

data, and presentation of data in reports maps and sections. The data has been reviewed and

tr checked by the author and is believed to be accurate.

kDue to the grass roots nature of the program, a rigorous check sampling program is not in place.All sample analysis will be performed by Lakefield Minerals. Duplicate check samples are run by Lakefield as part of their quality control, however Liberty will not implement it's own program. Sample core pulps and rejects, a split core record, will be available for data verification purposes.

26

MINERAL PROCESSING AND METALLURGICAL TESTING

The author is not aware of any documents pertaining to mineral processing and/or metallurgical

testing, although reports (ODM 86) mentions that Canadian Jamieson Mines completed

metallurgical testing in 1971.

MINERAL RESOURCESNickel sulphide mineralization in the McWatters Deposit occurs in two zones, the upper and

lower zones. Together the two zones form a deposit 300ft long and 50ft wide Estimated tonnages

and grades include 477,768 tons grading Q.73% Ni in the upper zone 165,790 tons grading l .92 "/o

Ni for the lower zone. (ODM Geologcial Report 86). This "historical estimate has not been

verified or duplicated by the author. These "historical estimate" is not in accordance with CIM

Standards on Mineral Resources and Reserves Definitions and Guidelines.

INTERPRETATION AND CONCLUSIONS

The 2002 Liberty Mineral Exploration Inc. drill hole is planned to intersec the sulphide

mineralization representative of the McWatters deposit. The reported historical mineralization

consists of a wide zone of disseminated sulphides within ultramafic volcanic rocks. Core

logging is currently underway, with assay results pending. Based upon assay results from the

Langmuir Mine, a single sample from the McWatters, potential exists for anomalous (^250 ppb

PGE) results.

It is recommended that a reconstruction of drill sections and level plans for the McWatters

Deposit be completed to gain information on the orientation of the mineralization. Regional and

property scale folding suggests a preferential lineation imposed upon the pre-existing geology.

The lineation orientation may be significant for identifying additional mineralization associated

with the McWatters Deposit (plunge continuity). The mostly disseminated nature of the known

mineralization may represent the higher levels (up plunge) of a substantial Ni-Cu-PGE sulphide

deposit.

27

RECOMMENDATIONS

Further work is recommended for the McWatters Property. An exploration budget S517,000

(Table 7) is recommended for the next phase of exploration. This budget is contingent upon the

results of the current drill hole and assay results. Exploration should continue to focus on

evaluating areas of ultramafic geology with associated sulphide mineralization, in particular the

McWatters deposit, and the Galata showing.

Line cutting and ground geophysical surveys should be completed, prior to a large-scale drill

program.

Table 7 - Liberty Mineral Exploration Proposed Budget

Phase l

Compilation 55,000Line Cutting 515,000Geophysics 530,000Diamond Drilling 5350,000Assaying 515,000Mapping/Core Logging 525,000Equipment Supplies 515,000Rentals 515,000

Program sub total 5470,000

10"7o Contingency 547,000

Grand Total S517,000

Phase 2 (contingent on Phase l Results)

Drilling, Geophysics, Assays, Geology 51,500,000

Respectfull

Todd Keast P.Geo.

28

CERTIFICATE OF QUALIFICATION - TODD KEAST

I, Todd Keast, of 1204 Grace St., Porcupine, Ontario, do hereby certify that:

1. I am the author of this report, and am the qualified person for the purposes of NI 43-101.2. I am a graduate of the University of Manitoba, Winnipeg, Manitoba, having

received an Honors Bachelor of Science (Geology), in 1986.3. I am a consulting geologist and have practiced in the field of mineral exploration since

1987, for a number of exploration companies throughout Manitoba, Ontario, and Quebec.4. I am a Fellow of the Geological Association of Canada.5. I am a member of the Association of Professional Geoscientists of Ontario,

6. I am a Professional Geoscientist Registered with the Association of Professional Engineers and Geoscientists of the Province of British Columbia.

7. I am a Professional Geoscientist Registered with the Association of Professional Engineers and Geoscientists and Geophysicists of the Province of Alberta.

8. I most recently visited the Me Walters Property on March 5, 2002.9. I am the Qualified Person under this Technical Report, in all aspects in the preparation of

this Technical Report.10. I am not aware of any material fact or material change with respect to the contents of the

Technical Report, or the omission of a material fact or a material change that may make the Technical Report misleading.

11. I consent to the use of this Technical Report by Liberty Mineral Exploration Inc., and to the filing of same with applicable securities regulatory authorities.

12. I have read the National Instrument 43-101 and to the best of my knowledge, this Technical Report has been prepared in compliance to it.

Dated at PorcupineiGl^ario this 8th day of March, 2002.

Todd Keast,

29

REFERENCES

Amax Minerals 1980, Report on an Aeromagnetic Survey South Timmins Area. Assessment Report T 1978.

Coad, P.R. 1977. Nickel Sulphide Deposits Associated with Ultramafic Rocks of the Abitibi Belt and Economic Potential of Mafic-Ultramafic Intrusions; Ontario Geological Survey, OFR 5232, 105 p.

Cantri Mines Limited. Assessment Report T-1258, MNDM office Timmins Ontario.

Canadian Nickel Company Ltd. Assessment Report T-3124, MNDM office Timmins Ontario.

Eckstrand, O. R., 1996. Nickel-copper sulphide, in Geology of Canadian mineral Deposit Types. Geological Survey of Canada. Geology of Canada. No. 8. p. 584-605.

Energy, Mines and Resources Canada, 1986. Canadian Mineral Deposits not being Mined In 1986. Mineral Bulletin MR 213.

Galata E. Assessment Report T-13 87, MNDM office Timmins Ontario.

Green, A. 1978 The Langmuir Nickel Deposit, Timmins, Ontario; Unpublished Ph.D. Thesis, University of Toronto, Ontario.

Green, A., and Naldrett, A.J. 1981. The Langmuir Volcanic Peridotite-AssociatedNickel Deposits: Canadian Equivalents to the Western Australian Occurrences. Economic Geology, Vol. 76, pp. 1503-1523.

The International Nickel Co. of Canada Ltd. Assessment Report T-50. MNDM office Timmins Ontario.

Jackson, S.L., Fyon J.A., The Western Abitibi Subprovince in Ontario; in Geology of Ontario, Ontario Geological Survey, Special Volume 4 Part 1.

Leahy, E.J., 1971. Geology of the Night Hawk Lake Area Distric of Cochrane. Ontario Department of Mines Geological Report 96.

McWatters Gold Mines, Assessment Report T-652, MNDM office Timmins Ontario.

Mespi Mines, 1964. Report on the Conduct of an Airborne Geophysical Survey In the District of Cochrane. Assessment Report T-964.

National Explorations Ltd. Assessment Report T-1194, MNDM office Timmins Ontario.

Ontario Geological Survey, 1988. Airborne electromagnetic and total intensity magnetic Survey, Timmins Area, Langmuir Township O.G.S. Map 81089.

Outukumpu Mines Ltd. Assessment Report T-3657, MNDM office Timmins Ontario.

30

Pamour Porcupine Mines Ltd. Assessment Report T-1673 MNDM office Timmins Ontario.

Pyke, D.R., 1970. Geology of the Langmuir and Blackstock Townships Ontario Department of Mines Geological Report 86, 64p.

Pyke, D.R., 1978, Geology of the Redstone River Area, Districts of Timiskaming Ontario Geological Survey. GR 161, 75p.

Pyke, D.R., 1982. Geology of the Timmins Area, Districts of Cochrane; Ontario Geological Survey. GR 219, 141p.

Seaway Copper Mines Limited Assessment Report MNDM office Timmins, Ontario.

Silverplace Mines Limited. Assessment Report T-1364, MNDM office Timmins Ontario.

Sproule R. Lesher C.M. Ayer J.A. and Thurston P.C. Komatiite Petrogenesis andGeodynamic Regimes in the Abitibi Greenstone Belt, Superior Province Canada.

Timmins Nickel Assessment Report T-3547, MNDM office Timmins Ontario.

Urban Quebec Mines Limited, Assessment Report T-1016, MNDM office Timmins Ontario.

31

APPENDIX I

Claim Abstracts Me Walters Property

Mining Lands - Mining Claims Summary

Porcupine - Division 60

CLAIM NUMBER: Unit Size: Township/Area: Lot Description: Staker:Recorded Holder: Recording Date: Due Date: Work Required: Total Applied: Work Performed: Total Reserve:

P 1243155 (Click Claim Number for Detaila)

13LANGMUIR (G-3226)\r\nMCKINNON, DONNY LAUGHLIN (M21873)2004428 ONTARIO INC. ( 100.00^)2001-Jun-192003-JUN-195200OOO (Click Reserve for Details)

Present Work Assignment; OClaim Bank: OClaim Status: ACTIVE

l Back l Main Menu | Mining Lands |

© Copyright 2001 Queen's Printer for Ontario

This information is provided as a public service, but we cannot guarantee that the information is current or accurate.Readers should verify the information before acting on it.

http:77www.mci.rrmdm.gov.on.ca7Claims7Cf-Clairns7clrn-csr6.CFM 2/26/02



CLAIM NUMBER:Unit Size:Township/Area:Lot Description:Staker:Recorded Holder:Recording Date:Due Date:Work Required:Total Applied:Work Performed:Total Reserve:Present Work Assignment:Claim Bank:Claim Status:

P 1248462 (Click Claim Dunbar for Details)

LANGMUIR (G-3226)\r\nROGERS, FREEMAN JOHN (M26019)2004428 ONTARIO INC. ( 100.00 1L2001-Jun-042003-JUN-04400OOO (Click Reserve for Details)

OoACTIVE




http://www.mci. mndm.gov.on.ca7Claims7Cf-Claims7clm-csr6.CFM 2/26/02



CLAIM NUMBER:Unit Size:TownshipXArea:Lot Description:Staker:Recorded Holder:Recording Date:Due Date:Work Required:Total Applied:Work Performed:Total Reserve:Present Work Assignment:Claim Bank:Claim Status:

P 1248464 (Click Claim Number for Details)

LANGMUIR (G-3226)\r\nLACROIX, DANIEL2004428 ONTARIO

L (M25608) INC. ( 100.00

2001-Jun-042003-JUN-04400OOQ (Click Reserve for Details)

OoACTIVE




http://www.mci.mndm.go v.on.ca7Claims7Cf^Claims7clm-csr6.CFM 2/26/02




P 1243154 (Click Claim Numbor for Details)13LANGMUIR (G-3226)\r\nMCKINNON, DONNY LAUGHLIN (M21873)2004428 ONTARIO INC. ( 100.00 t)2001-Jun-192003-JUN-195200OOO (Click Raaorvw for Details)OoACTIVE




http://www.rnci.rrmdm.gov.on. cayClaims7Cf-Claims7cIrn-csr6.CFM 2/26/02



15LANGMUIR (G-3226)\r\nMCKINNON, DONNY2004428 ONTARIO

CLAIM NUMBER: P 1243153Unit Size:Township/Area:Lot Description:Staker:Recorded Holder: _________Recording Date: 2001-Jun-19Due Date: 2003-JUN-19Work Required: 6000Total Applied: OWork Performed: OTotal Reserve: OPresent Work Assignment: OClaim Bank: OClaim Status: ACTIVE

(Click Claim Number for Details)

LAUGHLIN (M21873) INC. ( 100.00 !fc)

(Click Reserve for Details)


O Copyright 2001 Queen's Printer for Ontario


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LANGMUIR (G-3226)\r\nMCKINNON, DONNY2004428 ONTARIO

LAUGHLIN (M21873) INC. ( 100.00 %)

2001-Jun-192003-JUN-193600OOO (Click Reserve for Details)

OoACTIVE



This information is provided as a public service, but we cannot guarantee that the information is current or accurate.Readers should verity the information before acting on it.

http:77wavw.mci.rrmdm.gov.onxa7Clairns7Cf^Claims7clm-csr6.CFM 2/26/02




P 1243151 (Click Claim Number for Details)13LANGMUIR (G-3226)\r\nMCKINNON, DONNY2004428 ONTARIO

LAUGHLIN (M21873) INC. ( 100.00 %)

2001-Jun-192003-JUN-195200OOO (Click Reserve for Details)

OoACTIVE

l Back l Main Menu l Mining Lands |



r

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CLAIM NUMBER: Unit Size: Township/Area: Lot Description: Staker:Recorded Holder: Recording Date: Due Date: Work Required: Total Applied: Work Performed: Total Reserve:


LANGMUIR (G-3226)\r\nSALO, RANDALL W (M21107)2004428 ONTARIO INC. ( 100.002001-Jun-042003-JUN-042800OOO (Click Reserve for Details)

Present Work Assignment: OClaim Bank: OClaim Status: ACTIVE



This information is provided as a public service, but we cannot guarantee that the information is current or accurate.Readers should verity the information before acting on it.

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LANGMUIR (G-3226)\r\nREED, DEREK WHITNEY (C37929)2004428 ONTARIO INC. ( 100.00 *)2001-Jun-122003-JUN-12400OOO (Click Reserve for Details)

OoACTIVE


O Copyright 2001 Queen's Printer for Ontario


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APPENDIX II

Claim Purchase Agreement (portions)

SHARE PURCHASE AGREEMENT

DATED THE 15 th DAY OF NOVEMBER , 200 i

.AMONG

ALL OF THE SHAREHOLDERS OF 2004423 ONTARIO INC. AS SET FORTH LV SCHEDULE 1.1 ^af)TO THIS AGREEMENT

and

LIBERTY MINERAL EXPLORATION LNC.

and

2004428 ONTARIO INC.

SHARE PURCHASE AGREEMENT

THIS AGREEMENT made effective as of the 15th day of November, 2001

AMONG:

Those Shareholders of 2004428 ONTARIO INC. as set forth on the execution page and in Schedule 1.1 (af) to this Agreement (the "Vendors")

OF THE FIRST PART

-and -

LIBERTY MINERAL EXPLORATION INC., a corporation incorporated under the laws of the Province of Alberta and carrying on business in the City of Toronto, in the Province of Ontario (the "Purchaser")

OFTHE SECOND PARTf.

- and -

2004428 ONTARIO INC.. a corporation incorporated under the laws of the Province of Ontario, and having an office in the City of T:mmir.s, in the Province of Ontario ("2004428")

OF THE THIRD PART

RECITALS

A. The Vendors hold, indirectly and directly, beneficially and of record, all of the common shares in the share capital of 2004423, representing in aggregate 100*1-0 of the issued and outstanding shares in the share capital of 2004428. ^ *

; B. The Vendors wish to sell and convey the Purchased Shares to the Purchaser, and the Purchaser wishes to purchase the Purchased Shares in exchange for Liberty Shares, upon the terms and conditions herein set forth.

t AGREEMENT

THIS AGREEMENT WITNESSES that in consideration of the covenants, agreements, warranties and payments herein set forth and provided for, the parties hereto respectively covenant and agree as set forth below.

SECTION l LNTERPRETATION

I.I Definitions

k this Agreement, including the recitals and any schedules hereto, unless otherwist stated or unless there is something in the subject matter or context inconsistent therewith:

l:\CTO\uB-MINI\CTO151

-2-

(a) "2004428" ir.eans 2004428 Ontario bc., a corporation incorporated pursuant to the ji^s Df die Province of Ontario;

(b) "2004428 Share" means one fully paid and non-assessable common share m the share capita! of 2004428,

(c) "Agreement" means this agreement and includes any agreement amending this agreement o: any agreement or instrument which 15 supplement*: or ancillary thereof, and the expressions "above", "below", "herein", "hereto", "hereof and similar expressions refer to this Agreement;

"Acquisition" means the acquisition of ali of the Purchased Shares by the Purchaser;

"Assets" means all of 200442S's right, title, estate and interest in and to its property and assets, real and persona!, moveable and iramoveable, of whatsoever nature and land and wheresoever situate, including but without limitation, the interests in various mineral claims and assets as more particularly set forth and described in Schedule 1.1 (e) hereof;

(f) "Business" means the business presently and heretofore earned on by 2004428 35 a going concern, all operations related thereto and the ir.tangible goodwill associated therewith and any and ail T.teresls of whatsoever kind and nature related thereto;

(g) "Business Permits" means all licenses, permits and similar nghts and privileges that are required and necessary undsr applicable legislation, regulations, rules anc orders for 2004428 to own its Assets and operate its Business or for the status and qualification of 2004428 to carry or. its Business;

(h) "CDNX Policy 5.3" means Policy 5.3 of the Exchange entitled "Acquisitions and Dispositions of Non-Cash Assets", as amended from time to time;

(i) "Certificate" means a written certificate of a matter or matters of fact which, if required by a corporation, shall be made by a duly authorized officer of the corporation under corporate sea!;

. - ** ""(j) "Closing" means the transfer by the Vendors to the Purchaser of the Purchased Shares and

the payment by the Purchaser to the Vendors of the Purchase Price through the issuanc: of Liberty Shares and the completion of all matters incidental hereto;

(k) "Closing Date" means the day following the date upon which aJ! regulatory approvals have been obtair.ec for the transactions described herein, provided such daie shall be no later than December 31,2001, or such other date as the panics hereto igree ir. writing;

Q "Counsel" means any barrister, solicitor Or attorney or a firm thereof retained by the Vendors, Principals or Purchaser as the case may be;

(m) "Documents" means all contracts, agreements, documents, permits, iicsnses, leases, appraisals, certificates, plans, drawings, specifications, reports, compilations, analysis, studies, financial statements, budgets, market surveys, minute books, corporate records, corporate seats and any other documents or information of whatsoever nature relating to 2004428 or its Business and any and all rights in relation thereto;

(n) "Exchange" or "CDNX" means tr.e Canadian Venture Exchange ir.c.,

(o) "Financial Statements" means :he management prepared financial statements of 200-1428 as at November 9, 2001, a copy of which is attached hcr:to and mads part hereof as Schedule 1.1 (o);

(p) "GAAP'1 or "Generally Accepted Accounting Principles" means the generally accepted accounting principles from tiir.e to time approved by the Canadian Institute of Chartered Accountants, or a.-.y successor institute, applicable as zt the cats or. which date such calculation is made or required to be made ir. accordance wuh generally accepted accounting principles applied on a basis consisteni with preceding years;

(q) "Intellectual Property Rights" shall mean all copyr.giits, industrial designs, patents, ir.ventions. trade names, trade marks and service marks, whether reeistcrec or oommor. law, and ali applications therefore that are pending or in the process of preparation and all tide secrets and other proprietary rights of every kind and nature in Canada the United States and all other jurisdictions thai are directly or indirectly owned, licensee, used or ::cr.troi led, in whole or in part, by 200442S;

(r) 'Liberty Share" means one fully pale and non-assessabie oonrrcn share :n the share cap-tal |T of the purchaser. \

(s) "Long Term Debt" means the liabilities of 2004428, which would, in accordance with Generally Accepted Accounting Principles, be classified as iong Term Debt;

(t) "material" means when used to qualify a representation, warranty, covenant or obligation shall mean that the breach of such representation, warranxy, covenant or obligation wi'.l have a material adverse effect on the business, operations, assets or prospects, taken as a whole;

(u) "Net Smelter Return" or "NSR" shall have the meaning ascribed Thereto m Section 2.10 and Schedule l. l (u) hereto and shall include provisions for a buy-back right of the Purchaser described therein;

(v) "Permitted Encumbrances'' means those security interests chaigtng-thc Assets identified more particularly m Schcduk l. l (v) hereto;

(w) "Principals" means collectively. Steven D. Ar.derson and Doriid L. MacKinnon;

(x) "Private Placement" means a private placement by the Purchaser of ip :o 2,000,000 Liberty Shares at a price of SO. i 5 per Liberty Share for gross proceeds of up tc 5300,000 to

- be completed before, concurrently with or after the closing of the Acquisition contemplatedherein,

(y) "Purchaser" means Liberty Mineral Exploration Inc., a corporation incorporated pursuar.t to the laws of-the Province of Alberta;

(z; "Purchaser's Financial Statements" means the audited financial statements of the Purchaser for the year ended December 3 '., 2000 attached and made par hereof as Schedule U (z);

(aa) "Purchase Price" shall have '.he meaning ascribed there-.o in Sectior.5 -1.2 and 2.6 f.s::oi.

(ab) "Purchased Shares" means al! oftht issued and outstanding 2004428 Shares held by :he Vendors as at the Time of Closing, which me Hides as of the date hcieof, l.OCO 200^-2? Shares;

(ac) "Right of Firjt Refusal" shall have the meaning ascribed thereto in Section 2. 1 1 hereof:

(ad) "Technology" shall mean al! technical infonration, whether langible or ir.tangibie, required or useful for or incidental to the pericrr.ance of tie Business, including ar.y data, designs. schematics, calculations, computer hardware and software, computer source codes (human readable format) and executable and object codes (mach:ne readable forma:), specifications, manufacturing, assembly, test, insulation, service and instructions directions, service and maintenance notes, technical operating and service maintenance manuals, hardware and reference manuals, user documentation, training materials ar.d other data, information md know-how;

(ae) "Time of Gcsing" means 10.00 a.m.. Toronto time, on the Closing Date -vhcn the Cbs;.ig of the purchase and sale herein provided for shall be completed- and

(af) "Vendors" means unless the context otherwise stales, all cf the shareholders of 200^2? who are panics to this Agreement as more particularly set forth ir. Schedule I . l (af) to 'Jus Agraemeni. It is also understood that when the contcv. requites, the term "Vendor" refers to each Vendor separately and not to the Vendors as a group.

1 .2 Schedules

Appended hereto are the following schedules, which are incorporatsd into this Agreement by reference and ars deemed to be a part hereof:

fe) Assets of 2004428ScieduieTTo) Financial Statements of 20W423Schedule li (v) Ptrrr.itted EncumbrancesSchedule I.I (z) Purchaser's Financial StatementsSchedule 1. 1 (af) Vendors of 200442 S -- 'Schedule 2. l O NSRSchedule 4.4 (d) Leases cf 2004428Schedule 4.4 (g) Material Contracts of 2004423

f" Schedule 5.2 (c) Liberty Currently Outstanding Stock Options

l .3 Schedule References

Wherever any provision af any schedule to this Agreement conflicts with any provision in :hc body of This Agreement, the provisions of the body of this Agreement shall prevail. References herein to a schedule shali mean a reference to a schedule to this Agreement. References ir. any schedule to this Agreement shall mean a reference to this Agreement. References m any schedule to another schedule shall mean a reference to a schedule ra this Agreement,

-10-

SECTION 4 REPRESENTATIONS AND WARRANTIES OF THE PRINCIPALS

To induce the Purchaser to enter into this Agreement and complete the transactions contemplated hereby, the Principals represent and warrant, jointly and severally, subject to section 1.6 herein, to and in favour of the Purchaser now as provided ir. this Section 4 in respect of the Corporation and Ae Purchased Shares.

4.1 Due Incorporation, Capitalization, Allotment, Issuance cf Shares and Execution

(a) 200*425 has been duly incorporated and organized under the laws cf ths Province of Ontario and is m good standing with respect to the filing of all annual returns, notices and similar documents as required in the Province of Or.tano and such other jurisdictions where such registration is necessary for the Business of 2004428.

(b) As at the date hereof the authorized share capital of 2004^28 consists of an unlimited number of 2004428 Shares, an unlimited number of preferred shares in such classes ir.d series as may be designated by che directors and an unlimited number of special non-voting shares in such classes and series as may be designated by :he directors, of which LOGO 2C(K423 Shares are issued and outstanding as fully paid and non-assessable The consideration for 2004425 Shares not issued for cash was not less ir. value than the fair equivalent of the money '.hat the Corporation would have recei vsd if the 2004425 Shares had been issued for money.

(c) At the Time of Closing there are not and will not be, any outstanding subscriptions, options, nghts, warrants or other agreements or commitments obligating 2W442S to seii or issue any additional snares or secunties of any class of 2004428 or any securities convertible inio any shares of any class of 200442S.

(d) The Purchased Shares have or will be at the Time of Closing duly authorized, validly allotted and issued as fully paid, non-assessable shares in the share capital of 2004428 and in compliance with all applicable corporate and secur.ties laws.

(e) At the Time of Closing there art not and will not be any outstanding shareholders' loans or Long Term Debt owed by 200442 8. ,. ~ -

(f) The execution and delivery of this Agreement by 2004^28 ar.d the" consummation of the transactions contemplated thereby do no: constitute a breach or a default under any Agreement :o which 2004^28 is a party' or by which it is bound or the tsrms of die articles, memorandum, by-iaws or other constating documents of 2004428.

4.2 Subsidiaries and Securities

2004428 owns no subsidiary corporations and owns no shares or sec-rities'of any other entity or business and there are ne agreements of any nature to which 200*423 is a parry, to acquire any subsidiary or business or to acquire, howsoever, any other business.

4.3 Dividends

2004^28 has not paid, declared or authorized any distribution on or ir. respect of any of its shares by way of dividend, redemption, purchase, return of sapital or otherwise. At the Time of Closing, there will be ne unsatisfied, unpaid or accrued dividends outstanding in 2004428.

-14-

not been any material write-down or write-off of, or other adpstrneii' tc, such crepa:d expenses sacs the date of the Financial Statements

(f) To the best of the Principals' icncwleJge, there are r.o accounts receivable, book debc* ard other debt* reflected in the records of 2004428 as due or accruing

(g) There are ne liabilities or obligations, either accrued, absolute, contingent or o;her*".se, '.hat the Principals have knowledge of except:

(i) liabilities set forth in the Financial SiMerr.eTts and no; heretoiore paid or discharged; or

(ii) liabilities as previously disclosed to the Purchaser ir. writrr.a, and

for the purposes hereof the tem: "liabilities" shall include, without limitation, any dirsc' or indirect indebtedness, guaranty, endorsement, claim, loss,damage, deficiency, cost, expense, obligation or responsibility, unown or unknown, fixed or ur.fixsd, choaie or inchoate, liquidated, unliquidated, secured or unsecured.

l 4.11 Jfitle to 2004428's Assets

'(a.i Shce November 12.2001 (being the date tha; the Assets, wcrs transferred from the Vendors to 200442S), there has beer, no material adverse chanet in die legal and beneficial ownership of the Assets.

2004428 has good, marketable and beneficial title and ownership to ai: o: its Assets n listed in Schedule l. l (e) hereto, fiee of ail '.isns: mortgages, charges, pledges or encumbrances of whatsoever nature, save for the Permitted Encumbrances. A complete j:st of the Assets owned by 2004423 is listed m Schedule l.l{e)hereto. Wi thouti-.rm:;ng the generality of the foregoing, 7.004428 has taken all necessary steps and signed ali necessar. agreements and transfers to ensure that the mineral claims listed ir. Schedule 1.1 (e) hereto nave been transferred, assigned or validlj registered iii the name of 2004428.

4.12 Records and Data .. - "

(i.'i 200442S sai'.' maktf available, and by the Time of Closing will ha vi- made available, 10 the Purchaser or Purchaser's representative for inspection, all Documents which the Purchaser shall reasonably require and which to the knowledge of the Principals arc :n the possession ana control of the Principals ar.d 2004426 pertaining to or affecting 200442S or the Assets and the tide of 20C442S thereto, and neither the Principals nor 2-004i28 will knowinciy withhold any Documents or mfomauon reasonably required to males not misleading the Documents and information so made available to the Purchaser.

(b) All information, records and data furnished to the Purchaser, :ta representatives and counse. pursuant to Sections 6.1 (j), 6.1 (k) and S \ hereof, ars, ;o the besi of the Principals knowledge, information and belief accurate ir. all material respects.

(c) Tc the best of the Principals' knowledg;, the financial toaki ar.d records of 200^423 fairly and correciy set out and disclose in all material respects, m accorcar.c; with Oer.ersih Accepted Accounting Principlss, :he financial position of 2004428 as a: tr.c date tiierecfani all material ilnancial transactions have 'c*en aocuraiely recorded ir. such book; and records and without limiting chs generality of the foregoing, 2004428 has no outstanding debt

SCHEDULE l.l(t)

ASSETS OF 2004428

"•"ii/^0/iiDi i4:aj " f'8536lP. i-J " '".slur*- A Pr-ut c;

LANGMUIR #2

1224497 l July 3/02J 224498 l July 3/021224499 l July 3/02

TOTAL 3

McWATERS

1248462 l June 4/031248464 I June 4/031243151 13 June 19/031243152 9 June 19/031243153 15 June 19/031243154 13 June 19/031243155 13 June S9/C31240735 6 June 4/031166909 l June 12/03

TOTAL 71

CARMAN

1243181 16 June 18/031243182 15 June 18/031243143 15 June 18/031243184 10 June 18/031243187 12 June 18/031243188 15 June 18/031243189 16 June 18/031243190 6 June 18/03

TOTAL 105

l GROVES

1238778 10 June 2/021238777 8 Jyne 2/021238759 12 June 2/021238758 16 June 2/021180817 15 Sept 10/011228922 l Sept 18/05

TOTAL 62

APPENDIX III

Lakefield Sampling Procedure

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SOP 9-22-1 Custom Sample Preparation Procedures

1. SCOPEThis SOP provides instructions for the sample prep group at Lakefield Research Limited to prepare geological and metallurgical samples for analysis. This list of instructions is to ensure that this procedure is done effectively, efficiently, and in a well-controlled manner.

2. PURPOSEThis task is required because samples require various preparation procedures that must be carried out in a safe and clean atmosphere.

3. DEFINITIONSThere are no definitions for this SOP.

4. OPERATIONAL PROCEDURES A. Equipment Required

1.Dust collector2. Crushers (jaw, cone and rolls)3.Rotary Splitter4. Drying ovens5. Trays6. Cleaning sand7. Brushes 8.Olphaknife9. Compressed air10. Grease gun11. Sample bags12. Boxes13.Plastic Tubs14. Jones Riffle Splitter (14" V pan with K " intersecting chutes)15. Balance16. Assortment of Screens

B. Sample RequirementsSamples should be received in a manageable size; i.e. Drill core should be no larger than 4" (10.1 cm) diameter and rock samples no larger than 4" (10. l cm) broken.

C. Safety Equipment RequiredThe following equipment is required for this procedure. 1. Steel Toe Boots

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2. Safety Glasses3. Hearing Protection4. Dust Mask5. Work gloves

D. Health, Safety and Environmental RequirementsNormal laboratory health and safety requirements must be observed. Specific cases may require specific precautions.

E. Sample Receiving1. Obtain ore samples from shipping/receiving, sample tracking, environmental lab, or

mineralogy as indicated on the work order.

2. Samples should be identified as per client paperwork (if any), and a copy of the verified list submitted to Sample Tracking for Login.

3. Cautiously cut open bags with Olpha knife. If samples are too wet, place on trays and put in oven until dry or treat as per client instructions.

4. If samples arrive in crates, open crates with a hammer and pry bar. If samples are wet, place on trays and put in oven until dry or treat as per client instructions.

F. Primary Crushing1. Activate dust collector.

2. Activate Crusher # l (breaker), a 5"x6" jaw crusher (crushes from 2 ]A" to W).

3. Ensure that the proper catch bin is clean and placed beneath crusher.

4. Dump ore into crusher. Cover with steel lid plate.

5. When crushing stops (determine by sound), remove bin and shut off crusher. If rock becomes wedged in crusher, "lock out" crusher before removing.

6. Clean out crusher with compressed air using short bursts. Do not use long bursts of air, creating a cloud of dust, which the dust collecting system can not remove.

G. Secondary/Final Crushing1. The two 5"x7" jaw crushers following the primary crushing can be used to further crush the

sample to sizes of 1/2" to 1/16" depending on how tight the jaw is set.

2. If rock becomes wedged in crusher, "lock out" crusher before removing. See Lock out Procedure.

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3. Close cover plate immediately after feeding sample. This reduces risk of personal injury and reduces loss of sample.

4. This step may have to be repeated several times.

H. Riffling1. After crushing, pour the sample into the Jones Riffle Splitter.

2. The splitter is designed to divide the sample into 2 representative portions by dividing each half-inch section of sample into 2 separate pans. The design of intersecting chutes automatically separates the sample into 2 portions.

3. Repeat process by replacing either the left or right hand side pan throughout until arepresentative sample is achieved to the required weight. This weight will vary depending upon client request.

4. For example if the left hand side was riffled, then the right hand pan would be the reject to be stored.

5. Blow out pans and Jones Riffle Splitter with compressed air between each sample.

6. Pulverize riffled sample according to section I.

7. Store the reject (properly labelled) according to instructions. Double poly-bag if necessary.

L PulverizingFour different types of pots can be mounted on the pulverizing unit. The type used is dependent on how many samples need to be pulverized and the amount-pulverized sample required. The three types are outlined below:

1. 100 ml 1 250 ml pots of which an adapter is required so that 4 pots can be fitteda) Ensure proper adapter is securely installed on pulverizer.

b) Sample must be poured evenly throughout the pot and spread out so it does not interfere with the lid.

c) The adapter must be filled with four pots before the pulverizer can be operated. If there are not enough samples to fill all four pots, the extra pots must be loaded with a similar sized charge of cleaning sand to maintain deck balance.

d) Set the appropriate pulverizing time. Gently close the doors and press start.

e) Remove l pot at a time from the machine after the clamp releases. Be careful not to pinch your fingers.


LakefieldResearch ^ ^ sop#: 9-22-1REV.#: 1.0



f) Remove lid and brush sample onto the designated brown kraft paper. See Blending Section K.

2. l Kg pots for which an adapter is required so that 2 pots can be fitteda) Ensure proper adapter is installed on pulverizer.

b) Sample must be poured evenly throughout the pot and spread out so that it does not interfere with the lid.

c) Fit the l-Kg pots in the adapter diagonally to each other and place the lid on securely.


e) Wait for the clamp to automatically release the pot at the end of the cycle before removing the pot.

f) Remove lid and brush sample onto the designated brown kraft paper. See Blending Section K.

g) If necessary ,use the hook to remove the large ring from the pot, releasing pressure from the hook ONLY when you have a secure hold on it with the other hand.

3. 4-Kg pots for which no adapter is required and only l pot can be fitteda) Be sure no adapter is in place.

b) No adapter is required for the one large pot. DO NOT attempt to lift these pots by hand. Use the pneumatic lifting arm on each pulverizer designated specifically for these pots. Use the two buttons to operate the raising and lowering of the arm. A demonstration of this procedure must be observed before attempting.

c) Sample must be poured evenly throughout the pot and spread out so it does not interfere with the lid.


e) Wait for the clamp to automatically release the pot at the end of the cycle before removing the pot.

f) Using pneumatic lifting arm, carefully lift the pot onto the workbench.

g) Remove lid and brush sample onto brown kraft paper. See Blending Section K.


r

Lakefield'Research ^ ^ SOP#: 9.22.,REV.#: 1.0



h) Use the hook to remove the large ring from the pot, releasing pressure from the hook ONLY when you have a secure hold on it with the other hand.

i) A minimum of two people must be used to lift the 4-Kg pots for moving or storage.

J. Cleaning the Pulverizing Equipment1. After a sample has been pulverized, there may be traces of sample that may not have come

off the ring, puck, lid, or pot with the brush. To ensure the pot is clean before the next sample is started, transfer an appropriate amount of cleaning sand (varies depending upon degree of contamination) into the pot. Run the pulverizer until pot comes clean (time varies).

2. After cleaning sand is removed from the pulverizing pot as described in section I. l ,2 and 3 discard the sand into a designated waste receptacle.

3. All pots and their pieces must be blown out between each run using compressed air.

K. Blending1. After the sample is cleaned out of pulverizing pot, and placed on the brown kraft paper, roll

the sample corner to corner on each axis on the paper.

2. Because the paper is square, ensure the sample folds over itself during blending and that sample does not just slide down the paper.

3. Repeat blending 6-10 times for each sample rolling the sample corner to corner alternating the axis. For example the sample must be rolled top left to bottom right (and vise versa) and top right to bottom left (and vise versa).

4. For sample sizes larger than l Kg, use the Jones riffle for blending.

L: Screening1. Activate Sweco screen (screens from i^" to 30mesh). Ensure upper discharge port is

securely sealed with plastic plug.

2. Place a clean tub under each discharge port. Put the moveable vacuum line in the tub under lower discharge port.

3. Using metal scoop, pour sample onto screen. Do not fill screen deck past mid point.

4. When sample no longer spills from lower discharge port, change vacuum line to the other tub and remove upper discharge plug.

5. Use brush to sweep sample out the discharge port.

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6. When the entire sample has passed through the screen, shut it off and clean the screen with compressed air using short bursts of air. Be sure to keep vacuum line directly above the screen when cleaning.

7. If sample needs more crushing to pass through screen, replace plug and vacuum line to original settings above and continue to next crusher.

M. Splitting Charges1. Samples must then be split into charges (lOKg, 4Kg, 2Kg, l Kg or 500g, as per

instructions).

2. A rotary splitter is used (either a 12 way or 20 way splitter depending on sample size).

3. Cups must be placed on the turntable such that all cups fit with the splitter connectors joining each. Open the slide gate to the hopper and fill using a metal scoop. Try to minimize dust

4. 40 Kilograms is the optimal and maximum for 20 way splitter. 24Kg for 12 way.

5. Pour sample into hopper.

6. Activate table rotation first, then vibrating feeder.

7. When hopper is empty, shut off feeder. Tap any sample left on connectors into cups. Turn off rotary table.

8. Each cup should be poured into a labeled 51b bag and weighed to appropriate size as per instructions.

9. Excess should be set aside until all cups are emptied.

10. A representative sample (HEAD) must be cut out of the last charge by hand riffling. Remaining sample must be placed in bag labeled reject.

11. Charges should be placed in a box and stored on the shelves unless directed otherwise (some samples are stored in drums or in the freezer).

12. Boxes, bags and drums must be clearly labeled for future reference.

13. Cups and splitter connectors must be cleaned in a booth designed for dust control using short bursts of air and minimizing air borne dust.

14. The rotary splitter hopper must be cleaned with short bursts of compressed air with the slide gate open.


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15. The rotary table must be cleaned with a brush and dustpan. Do not use air since it would create too much dust

N. Cleaning and Maintenance1. Crush approximately 5 Kg of cleaning rock (nepheline syenite or SiO2 ) through each

crusher when project is completed

2. Lock out all crushers.

3. Use compressed air in short bursts to blow out all crushers and related equipment.

4. Deactivate dust collector.

5. Grease all crushers (after each 8 hours of operation).

6. Wash floor towards grate in middle of sample plant. Sweep up all dirt and shovel into drum labeled floor waste.

7. Remove "lock outs".

O. Cleaning with Compressed AirCompressed air is used for cleaning to reduce breathable and non-breathable air-borne dust, to maximize efficiency of dust collecting system and to reduce personal exposure.1. Clean riffles, pans, rotary splitter cups and connectors, large screens and hand screens, and

red tubs in a booth designed for dust control.

2. Aim pans or cup towards the back of the hood and use short bursts of air.

3. Sustained use of air causes excessive air borne breathable and non-breathable dust.

4. Red tubs should be banged upside down before an air hose is used. Any tubs with large amounts of dust should not be cleaned with air, but with water at the end of each shift.

5. Cleaning hoods and machines should be done first with a brush to remove the majority of dust and an air hose secondly, with short bursts.

6. When cleaning clothes with compressed air, only use the air hoses marked "reduced pressure line." This reduces personal safety risk and reduces breathable dust to the sample plant environment

P. Quality ControlLakefield Research's QC program for Sample Preparation requires crushing and pulverizing to be checked at a minimum of l in 50 samples, and are selected as replicates in the analysis stage. If there is any doubt as to the performance of a given piece of equipment or process, the QC procedure will be carried out and documented as often as the technician deems necessary.

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1. Screening of crushed material.* Appropriate screen (10 mesh is our standard unless otherwise stated) and catchpan

should be cleaned and checked for flaws.* Initial weight of material is taken and entered into appropriate column of the

worksheet.* Sample is carefully poured into the screen assembly and agitated sufficiently so as to

ensure all of the "minus" material has passed through.* All of the remaining "plus" material is carefully poured onto either a piece of kraft

paper, or into a catchpan.* "Plus" material is weighed and entered into the appropriate column of the worksheet.* ""/opassing" is calculated in worksheet.* Size fractions are recombined, and crushing continues.

2. Screening of pulverized material.* Appropriate screen (150 mesh is our standard unless otherwise stated) and catchpan

should be cleaned and checked for flaws.* Sample should be homogeonized according to Section K. Blending.* A random scoop of sample in the area of lOg is taken from the sample, and the actual

weight is entered into the appropriate column of the worksheet.t The sub-sample is poured carefully onto the screen assembly and agitated sufficiently

so as to ensure all of the "minus " material has passed through.* All of the remaining "plus " material is weighed and entered into the appropriate

column of the worksheet.* '^passing" is calculated in worksheet* Size fractions are recombined, and pulverizing continues.* In the event that either the "fapassing" in either the crushing or pulverizing checks is

sub-standard, random checks will be performed on previously prepared samples to determine where the problem originated. Once this has been confirmed, either the crusher, or the pulverizing time will be adjusted to correct the problem.


Lakefield Research

STANDARD OPERATING PROCEDURES

SOP #: 9-22-1 REV.#: 1.0DATE: 05 May 00 PAGE: 9 of 9


REQUIRED APPROVALS FOR SOP:

Name

Gerry Bell

Signature Date Title

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r

LakefieldResearch ^ ^ METHOM; ,.3.sREV.#: 2.1

METHOD SUMMARY DATE: 28 Feb. 97PAGE: l of l

METHOD 9-3-5 Determination of Gold, Platinum andPalladium by Lead Fusion Followed by

Inductively Coupled Plasma

1. Parameters) measured, unit(s):Gold (g/t), Platinum (g/t), Palladium (g/t).

2. Typical sample size:15 g for one-half assay tonne 30 g for one assay tonne

3. Type of sample applicable (media):Rocks, ores, tailings and soils

4. Sample preparation technique used:Flux the pot, mat the sample, then weigh it. If needed, determine the reducing power, and then add the appropriate amounts of flour, nitre and silver. Fuse the sample, pour and cool. Deslag the button, pound it into a cube and cupel until the Dore bead forms. Dissolve the bead in aqua regia (3:1 hydrochloric acid to nitric acid). Dilute if necessary.

5. Method of analysis used:Inductively coupled plasma (ICP)

6. Data reduction by:Computer, on line, data fed to the laboratory information management system with secure audit trail

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LakefieldResearch ^ ^^ ^ METHOD #: 9-4-1

REV.#: 2.0METHOD SUMMARY DATE: 12 July 00

PAGE: l of 2

METHOD 9-4-2 Multi-Element Preparation andDetermination of Low Mineralized Samples by Aqua Regia- Microwave Digest and ICP- OES (soils, sediments, sludges)

1. Parameters) measured, unit(s):Ag, AT", As*, Ba*, Be*, Bi, Ca*, Cd, Co, Cr*, Cu, Fe, K*, Li, Mg*, Mn, Mo, Na*, Ni, P*, Pb, Sb*, Se*, Sn*, Sr*, Tl*, Ti*. U*, V*,Y*, Zn (g/t or 07o)

* Elements marked with an asterisk may be incomplete by this method due to sample mineralization. Volatilization of elements may also occur (i.e., arsenic, selenium and antimony).

2. Typical sample size:0.5 g

3. Type of sample applicable (media):Soils, sediments and sludges

4. Sample preparation technique used:Weigh a homogeneous sample. Digest using an acid mixture consisting of nitric and hydrochloric acid.

5. Method of analysis used:Inductively coupled plasma optical emission spectrometry

6. Quality control:Preparation: a blank, sample duplicate and Certified Reference Material for every 20

samples. Instrumentation: a blank, calibration and/or secondary source materials are analyzed

every 14 samples.

7. Figures of Merit:

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May. i. 2C03 9:34AK STRATHCONA MNiL SERV No. 3350 P. 3/7-rc:i:!^9 l P.AVENTUEE

Liberty Mineral Exploration Ltd.

Hok # : LBE-M-1 -02 Coordinates: old setup Start: February , 2002Grid: McWatters Orientation:Az.3600A900 End: March , 2002Claim: 1248462 E.O.H.: 900 It Logged: T. KeastCore: BQ Purpose: Test McWatters Deposit Drilled: Vision Drilling

Interval ft Description

0,00-37.0 Casing

37.0 - 79.6 Mafit Volcanics

Dark gfcen, medium-line grained, massive mafic volcanic flows. Rare scatterad amygdules 1/8 1'1 inch diameter. Rare 1/8* inch wide black cooling fractures (?) 10" to the core axis (GA). Massive-non foliated unit. Rare grain of pyrite, in dissemination and blebs up to '/i inch diameter. Weak foliation downhole 350 TO the C A. Rare scattered vuggy texture with open spaces up to 1A inch diameter. Hardness (H) 3-4, Magnetic Susceptibility (MS) low at 0.35.

37,0 - 39,0 SOW broken blocky core.

.19.0 -42.0 Broken blocky core, with white feldspar- quartz* carbonate veins I O0 to the GA,

47.0 - 50.5 75 07o broken blocky core.

63.0 - 70.1 Broken blocky core with quarts vein 5-25" ;o CA.

79,6 ~ 121.0 Scrpentjnfced Peridotite

Dark green-black, fine grained massive ultramafic. Serpentinizsd talcose feel to Core. Upper contact broken and brecciated 30" to the C A. Trace- 1% disseminated fine pyrite, pyrrhotite, H 2-3, MS 4,2 increasing downhole to 65.0, strongly magnetic. Weak foliation 3CC to the CA. Broken blocky core throughout unit.

83.0 - 87.0 1-2'Vb disseminated pyrite. Clay rich fault gouge 10" to theCA.

87.0 Sulphide content,shows weak increase down-unit to l -2 0Xo py, tr pc.

94.1 - 96.5 While quartz vein 20" to the CA, barren.

Y

42A06SE2014 2.26371 LANGMUIR 020

Miy, !, 20C3 9:;iAM STRATHCONA MM SEE? H). 3350 F. if"?roir:J309 ! 2AVENTUR;

101.0- 301.8 White crosscutting quartz vein 80* to the CA.

100.0 - 106.0 2-3^/0 fine disseminated py and po.

106.0 -121.0 ir-1 "/i dis py and po.

310.4- Possible flow breccia, unit brecciated finer grained.

114.0 - 121.0 Unit becomes fine grained, grey, chilled towards contact.

121.0 -133.50 Mafic Volcanics

Dark green: medium-fine grained, .massive mafic volcanic flows. Sharp upper contact 25" to the CA. Lighter patchy texture down-unit, possible tlow breccia, weak foliation 20" to the CA. Sharp brecciated lower contact 608 to the CA, Hardness (H) 3-4, Magnetic Susceptibility (MS) low at 0.35-0.90;

133.5 - 428.0 Scrpeptinized Peridotite

Dark green-black, fine grained massive ultramafic. Serpentinized talcose feel to core. Upper contact broken brecciated 3QU lo the CA. I 07o-2yo disseminated fine pyrite, pyrrhotite. H 2-3, MS 4.2 increasing downhole to 65.0, strongly magnetic. Sharp upper contact 30C to the CA. Unit becomes massive downhole with t-3% fine py, rare 1A inch diameter sulphide blebs.

176.4-178.0 Broken blocky core, possible flow breccia,

197.3 - 197.6 semi massive py band 500 to the C A..

205.0 - increase in py and po to 2-3*/* in fine disseminations, blebs.

222.3 - 222,6 Pyrite band 300 to the CA .

227,2 - 233.8 3-S07o fine py and po in narrow bands 10-300 to the CA. Local blebby texture. MS 64.0

243.3 ~ 244.0 Bleached fine flow breccia section, angular ul'jramfic fragments 30" to the CA. MS decreasing to 23.0.

244 4 - 247.0 S-3% py and po in low angie blebs and remobilized fractures,

261.0- J-2% blebby sulphides in 1/8* inchdiraater blebs. MS 91-114.

STRATHCONA MN3L SEE'? ND. 3350 F. 5/77rair.:]SG9 l EAVENIUEE

299,0 - 303.2 Trace fine pyrite.321,6 - 323.6 20-30^ py and po in low 150 to the CA sulphide

patches/stringers. MS 55-75.

323.5 Overall sulphide content do wn-unii 2 -3 14 py m disseminations and blebs.

363.0 - 365.2 T-10% py and po in stringers.

372.6 - 373.5 2 inch wide pyrite patch l O0 to the CA

373.5 - i-3% py downhole.

378.0 - 389,0 1*3*4 locally j-5% py and po in fine dissemisntions.

389 - Dark green fine grained How contact i5 0 to the CA. 7-10"Xo py and po in clots and disseminations.

400,3 - Flow breccia contact.

400.3 - 42J ,0 Datk black peridotite with j-5% disseminated py and po, W* dis magnetite. Low core angles 10- 1 5 0 to the CA MS63,

428.0-450.3 Intermediate - Mafic Volcanics

Green - light green, line grained flows. Sharp chilled upper contact 20" to the CA. Unit massive to non foliaied flow with pillow flow selvedges. H 3-4, MS 0.45. Scattered irregular patches of py and po, in selvedges, overall 10-1 5 0Xopy and po.

448,1 -449.0 Massive band ol'py-po, 50" to the CA

450.3 - 469.5 Intermediate Volcanics

Light grey, fine fragmental texture, tuffs. MS 0.01-0.15.

469.5 -505.0 Intermediate ~ Maflc Volcanics

Light grean-grcy matrix with S.5% angular -sabroanded fragments, Fragments up to 3A inch felsic in composition. Rare grain of py. H 4, MS0.45.

479.0- 492.0 Possible flow breccia 3 5 0 10 the C A.

i 2003 5.35M STEATECONA MN3L SESY ND. 3350 P. 6/7?ron::!809 l EAVENTUiiE

492.0-493.0 Variolitic section.

493.0 Local section of agglomerate, rounded fragmems.

505.0 - 544.0 Mafic Vofcanic Flow

Dark green, medium-fine grained, massive mafic volcanic flows. Sharp upper contact 40? to the CA. Hardness (H) 3-4, Magnetic Sucseptibiiitv (MS) low .at 0.35-0.90.

544,0 - 579.0 Intermediate Volcanic

Light green-grey matrix with 150/^ angular-subrounded fragments. Fragments up to *A inch felsic m composition. Rare grain of py. H 4, MS 0.45. Local sections sericite rich with pinkish feldspar patches. Weak epidote in fractures and veins.

579,0 - 666.8 Scrutinized Peridotite

Dark green-black, fine grained massive ultramafic. Scrpeminized talcose feel to core. Sharp upper contact 600 to ihe CA. Tr-l 07o-disseminated fine pyrite, .pyrrhotite. H 2-3, MS l .5 increasing downhole to 80.0, strongly magnetic, t-2% disseminated magnetite

620 - Core size reduced to ATW.

625.0-626.0 Soft talcose section, low angle fracture 15" to the CA.

652.0 - 658.0 J-2% fine dis. pyrite,

666.8 - 678.6 Intermediate Volcanic., light green, soft fault gouge on upper contact 20" to the CA, MS 3.8.

678.6-681,2 3-5H fine disseminated py - po3 rare blebs.

680.0 - 681.2 lQ-15% quartz veins 90C to the CA.

685.6 - 689.0 S-7% fine disseminated py and po.

6S9.0 - 691.0 T-10% line py and po.

691.0 - 695.0 1-2*^0 fine py ar.d po. Low angle black serp filled fracrures, possible polysuturing. MS 75.0.

764.0 - 768.0 Talcose fault zones 300 Lo the CA,

STRATONA MM SEE7 H:. 3350 F. ?/?rca:13G9 i RAVENTU2*

770.0 - 775,4 Qijartz carbonate veining 400 to the CA.

798.0 -810,2 J-2% fine py in cubes and fine disseminations.

835.0 -r- 837.0 Dark brown syenite dyke,^radatiorial upper aad lower contacts. .

846 O - 849.0 Dark, fine grained section i-3% fine pyrite,

875.0-'879.7 Dark red syenite dyke, chilled sharp upper and lower contacts.

889,0 - 893.0 Syenite dike, chilled sharp upper and lower dyke.

E.O.H. 900 ft

Casing left in hole.

Core Stored at Vision Exploration Core Shack, Timmins Ontario.

Acid Tes: at 830 ft -87*.

REP No. CA9502-APR02 Customer Liberty Mineral Exploration Inc. Attention Mary P. Webster Reference ANA2002-0108Project 22000951 Chargeld OTHER Batch Samples Shelf Outside Sample Tracking Chemist delormes

Title Final ReportDate

Type

SMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMP

11 -Apr-02

Sample ID

37523754375637573758376037623764376637683770377237743866386838703872387438763878388038823884388638883890389238943896989839003914391639183920

13:28

Aug/t

0.02^.02*:0.02

0.020.020.050.090.03

^.020.020.02

^.02*:0.02

0.030.03

•:0.020.030.03

•^0.020.08

•:0.020.020.030.020.020.040.050.060.380.130.280.030.020.02

^.02

Ptg/t

0.160.140.020.310.030.12

•c 0.020.020.030.02

0.1^.02•c 0.02

0.090.1

0.020.070.050.040.090.060.050.120.090.070.120.050.170.070.040.030.040.060.050.02

Pd Cug/t "/o

0.52 0.081.95 0.180.36 < 0.053.58 0.20.08 < 0.050.44 < 0.050.02 < 0.050.04 < 0.050.59 < 0.050.12 < 0.050.61 < 0.050.04 < 0.05

< 0.02 < 0.050.21 0.060.23 0.080.05 0.060.54 0.050.13 0.060.13 0.050.19 0.10.35 0.050.14 0.060.26 0.080.17 0.060.53 0.070.42 0.08

0.1 0.050.39 0.10.59 0.1

0.1 0.070.08 < 0.050.21 -: 0.050.11 < 0.050.09 0.060.07 < 0.05

Ni Co'K "/o

4.72 0.096.17 0.210.43 < 0.026.34 0.160.17 ^.020.12 ^.020.14 < 0.020.77 < 0.020.44 < 0.020.59 < 0.020.35 < 0.020.15 -J 0.02

< 0.05 < 0.021.11 0.031.32 0.041.08 0.021.18 0.031.02 0.030.69 0.021.17 0.040.83 0.021 .05 < 0.021.45 0.031.08 0.031.22 0.031.74 0.031.25 0.042.38 0.061.15 0.031.37 0.040.63 < 0.020.67 < 0.020.72 0.02

0.7 < 0.020.28 < 0.02

SMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPSMPDUPDUP

39223924392639283930393239343936393839403942394439463948395038783930

< 0.02 < 0.020.020.030.020.050.030.030.020.020.020.040.070.040.030.060.120.04

0.04 "0.150.110.160.130.070.060.090.090.170.270.160.080.16

0.10.15

0.02:0.02

0.320.240.460.310.14

0.10.160.210.370.460.350.180.250.2

0.45

^.05•c 0.05

0.070.070.070.07

•c 0.050.060.080.08

0.10.120.050.080.080.080.07

0.15*:0.05

1.631.481.891.510.780.611.021.241.992.6

1.641.161.5

1.171.85

^.02•c 0.02*:0.02•e 0.02

0.02*:0.02^.02•s0.02

0.02•c 0.02

0.030.030.03

*:0.020.040.040.02

09/22/2003 10:54 7053607733 VISION X PAGE 02

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09/22/2003 15:27 7053607733 m' ?7-'i'?35 05:30 705:3546

VISION X hCSTHK DR1L

PAGE 04FA3E

"O 9toi 4300 -IBS UortOM*lori S).niarte - KOL 2HO

Twaaa-ww PAX:

Liberty Mineral Exploration Inc.Ann : Mary P. Web&ter mwebrtarttidlrect.ca

floor, 20 Toronto Street Toronto. ON. W5C 2BB Canada

Rion*: 416-869-0772 Fax-416-367-3838

Monday, April22, 2002

11*11*0. : 02 April 2002LRRtJWt: CAAM2'APH02P ro/eet: 22000951Cllwitftef: ANA2002-0108

CERTIFICATE OF ANALYSIS

Final Report

Semple ID

1 : 3^52 2:37543:37584: 37575:37686:3780 7: 3762B: 3764ft: 37861 0: 378811:3770 12:37721 3: 37741 4: 388615:386813:387017:387218:387419:367620: 387821:388022:388223-388424:388826:388826:3880

Au

0.02 •c 0.02^.02

0.020.020.05 0090.03

* 0.020.020.02

•c 0020.030.03

K 0.02003003

•c 0.02008

•c 0020.020030020.02004

*0716"

0.140020.310.030.12

•c 0,020.020.030.020.10

^.02•c 0.02

0.090.100.020.070.090.040.090.060.060.120.090.070.12

Pd 9*

0-51T 1.930.363.S60.080.44 0.020.040.590.120.81 0.04

•c 0.020.210.230.060.540.130.130.190.350.140260,170.530.42

Cu•K,

0.08 0.16

•5 00ft

0.20•(0.05K 0.06 1 0.06•s 0.06.005•c 0.05^0.05•e 0.03-e 0.05

O.OSo.oa0.080.050.060.060.10O.OS0.060.080.06o.or0.08

Nll*

4.6.0.8.0.o-0.0.0.0.0.:0.

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7ka147

124'7

Ai916 S6i2882

01*i.O.I1.(f

1.C1.Ju

73155e24

T*

0.09 0.21

*:0.020.16

1 0.02*™

c O.02•c 002<0.02<002 <0.02*0.02

0.030.040.020.03O.OS0.020.040.02

^.020.030.030.030.03

P*g* i o* l \ of Cincda tna CAt*i tar ip*efl*c r^lmrad twta.

w*tf. n*ctrariucti4M of tfd* •ntiydm nt^cf,^ ;h IVjll ttr'tn part li pron*R*4 MnytB prior vrCttn (OfHOV*i

SEP 22 '03 15=27 7053607733 PflGE.04

09/22/2003 15:27 7053607733*'i'27.'J9SS 05:30 101*354172

LMkefield Research

VISION X NIGTHK DRIL.

P O •0*4300-- KOL OHO

PAGE 05

PACJE 03

Ubwrty Mineral Exploration Inc.Ann : Mary P. Webster mwebatftrQldlrect.ca

12th Floor. 20 Toronto Street, Toronto, ONCAWK. M5C 284Phons: 418-889-0778, Fiw:4l 6-367-3638

Monday, May 06, 2002

, fete MM. : 23 April 2002 RINport; CAMM-APR02

2200051 f: ANA2002-0108

CERTIFICATE OF ANALYSIS

Final Report

SwnptolD

1:39132; 39153:39174: 39198:39216:39237:39258:39278: 39281 D: 393111:383312:393313:393714:39391 5: 39411 8: 394317:394618: 394719:394920:3W721:368922:387123: 387324; 3*7523:387726: 3879

Au 9*

0.02•c 0.02<0.02t 0-02K 0.02•e 0.02•c 0.02

0.03•s 0.02

0.02*0.02-r 0.02

0,08*0.02*0.02

0.030.060.030.020.060.04

*:0.020070.040.08

•e 0.02

Ptt*

0.020.040.050.020.02

* 0.02o.os0.200.100.13O.G/0.030.230.070.110.160.180.110150.140.000.04O.OS0.0?0290.11

Pd9*

0.040.060.090.030.02

•e 0.020.100.400.200.260.140.070.420.150.240.350.360.260.310.280.150.140120.1S0.420.20

Cu1fc

•:0.05

^.050.05

c 0.06x 005^.06<0,05

0.100.060.070070.060.090.090.060.090.060,06o.oaO.OB0.060.06

•e 0.05o.oe0.060.09

0.0.0.0.0.

•cO.

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1.1

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. 1

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1.B1.50.60,00.71.C1.G1.1

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128

1385.43

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94

804

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*ao2<0.02c 0.02-:0.02

O.Ofi0,03D.02

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<0.020.(U0.030.030.040.030.06

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iu rapon*4 ^x*n rataru m4 UJW^IM K KE*V*S iwWvctton o/ (du i"H**u rwon li full or fi fl without prinr vH

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LakefieldResearch"O

KOL *HO T06-WH-203* FAX: 706-4132.0441

VISION X MjTHK DR1L

PAGE 07

C-iE Q 3

Report : CA9502-APR02

S^.,0

i? 3892 28:389429:309630:989831:390032: 3914a3:39l634:301835: 392030 392237; 392*38:392839: 392640:393041 393?42:393443- 393844:393845:394048:394247:394448:394849: 394850: 395051:OUP:M7852 DUP: 3930

—— Air e*

o.oe0.380.130.280.030.020.02

40.024002

0.02O.030.020.050.030.030.020.020,020.040.070.040.030.080.120.04

Pt ft*

0.050.170.070.040.030.040.060.060.02

•c 0020.040.150.11O.tfl0.13007o.oe0090.090.170.270.180,080,180.100.15

Pd 8*

0.10

0.390.590100.080.210.110.090.070.02

40,020.320.240.460.310.140.100100.210.370.480.350.180.250.200.45

*0.05 0.100,100.07

•c 005•e 0,05•e 0.06

0.06400640.OS40.05

O.O70.070.070.07

*0.030.080.080.080,100.12D.05O.Ofl0.080.080.07

1. 2.1.1.0.0.0.0.O.I0.

40.1

1.1t.'1.11.1O.Jo.e1.CLi1.62.e1.C

Nl

M5

)7)3720aG5389181Z490i

1.1JB1-5Pl.lf1,8ft

to

6,640.060.030.04

40.02^0.02

0.02-c 0.02<0.02K 0.02^.02* 0.02•e 0.02

0.0240.02'0.02-t 0.02

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0.03003003

40020.040.040.02

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SEP 22 '03 15=28 7053607733 PflGE.07

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607733 VISION X705235-3572

search ASi.

tempi* 1C

27: 368126.388329:386530:388731:388932:380133:380334:369535: 389736:389937.- 375138:375339: 375540: 375841:378142: 376343: 378544 376745: 378946:377147 377348.-DUP: 386749:DUP: 3759

S ^t-?

Auoft

6.020.160.050.040.060.040.020.03

•f 0020.020.03

c 0.02t 0.02* 0.02•c 0.02

0.030.07

1 0.02K 0.02

0.02•cO.OZ

0.03• 0.02

\~

*f) 060.100.150.160.140.110.100.150.040.070.190.030.020.02

40.020,120.140.03

* 0.020.02

•c 0.020.13

•e 0.02

MGTHK

e*0.1 r0.200.300.400.270.220,220260.070170.230.140.03

•e 0.02•c 0.02

0.170.300.07

•c 0.02^.02•e 0.02

0.28*0.02

DRIL [

li

jCuX

0.03 '000o.too.oe j0,07 10.07 10.08 10.07 10.06 00.08 10.10 3

< 0.06 0-: 0.06 0* 0.05 0< 0.05 0^.05 5

M%

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.0348263709490000702317[14BO

0,07 1 J*41 0.06 OJW* 0 05 O.R1<O.OB O.fMK 0.06 0)4

0,06 1< 0,03 a

//c

5919

sitt

Report :

^d.03

K 0.020.040.060.030.030.020.04

* 0.020-030.13

* 0.02^ 0.02

0.02-c 0.02

0.030.07

i0.02•c 0.02•c 0.02<0.02

0.044 0.02

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PAGE 06

PA3E 32

CA9508-APR02

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B.Sc.Raprvsvntativo

Salt i el 3AccrtdCM by en* Stifldsrtt Cau\cli or Cintdi *rd CAEAL for ipKWc r4weriM ttm.*- rWw o Tt. uirolm *" r*..lv*a. Hwwl.rt'*" of (Mi .n.l*ll** nw^ In full gf pu c./t it tfl^IMM *rt*M( ^o

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Sample M391339^4391530163917391839193920392139223923

- 39243D25392639273923392939303931393233333934'39353936

. 5997393939393940394t394239433944394639463947394839193950385C38673BB8

From fi78.60846069.6094.6088.60104.601DS.60114.60119.60121.00126.00130.00133.60138.60143.60148.60153.60158.60163.60168.60173J60178.60183.60188.60V3&6Q198.60203.6020&60213:60216.60223.60228.60233.60238.60243.602486025360256.60263.60268.60273.60

Toft84.6089.6094.6099.60104.60109.60114.60119.60121.00126.00130.00133.60138.60143.60148.60153.60158.60163.60168.60173.60.178.EO183.60188.60183.60•fS&GO203.60208.80213.60218:60223.60228:60233:60238.60243.60248.60253.6025660263.60268.60273.60278.6CJ

Width ft5.005.005.005.005.005.005.005.001.4Q .—.5.004.003.605.005.005.005.005.005.005.005.005.045.005.005.00f r\n v.UV

5.005.005.005.005.005.005,005.005.005.005.005.005.00500S.OO ^5.00

f "~ AuPy^Poy. j gil

Ir!M*4t-2%1-2*42-3*42-3*41-3H1-2*4

]tIririrtr

1-2 842•3%a-5%S-5%3^y.S-7%5-7363-5'4 .t-2%1-2C4"1-2^S-6%t-3%t-3%S-6%S-5%S-5%S-5%S-5%S-5%S-5%S-5%3-syc3-6c41-3^41-3Ve1-3V.1-3"4

3913 0.02 3914 0-033916 * 0.023916 0.023917 <0.02 3918 0.02 3919 < 0.02 3920 * 0.02

3022 < 0.02 3923 ^ 0.02 3924 0.02 3925 < 0.023926 [ __ 0 033927 0.03 3928 0.02 3929 < 0.02 393 D 0.05 3931 0.02 3932 003 3233 < 0.02 3934 0.03 3935 < 0.02 3936 0 02 3S37 6. 66 3938 0.02 3939 < 0,02 3940 0.02 3941 ^.02 3942 0.04 3943 0.03 3944 0.07

3946 0.04 3947 0.03 3948 0.03 3949 0.02 3950 0.06 3866 0.03 3867 D.Ob 3868 0.03

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- ONTMUO MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Transaction No: Recording Date: Approval Date:

Client(s):400214

Survey Type(s):

W0360.01534

2003-MAY-13

2003-SEP-23

Work Report Summary

Status: APPROVED

Work Done from: 2002-FEB-15

to: 2002-MAR-15


ASSAY PDRILL

Work Report Details:

Claim#

P

P

P

P

P

P

P

P

P

1166909

1243151

1243152

1243153

1245835

1247501

1247502

1248462

1248464

Perform

SO

SO

SOsoSOSO

so528,275

SO

528,275

External Credits:

Perform Approve

soSO

SOSO

sososo

528,275

SO

528,275

SO

Applied

S400

S5.200

S3.600

S3.600

S4.800

5800

S1.200

5400

5400

520,400

Applied Approve

5400

S5.200

53,600

53,600

54,800

5800

51,200

S400

S400

520,400

Assign

SO

SO

SOSO50SOSO

520,000

SO

S20.000

Assign Approve

0

0

0

0

0

0

0

20,000

0

520,000

Reserve

SO

SOsososososo

57,875

SO

57,875

Reserve Approve

SO

sosoSO

SOSO

SO

S7.875

SO

57,875

Due Date

2004-JUN-12

2004-JUN-19

2004-JUN-19

2003-JUN-19

2004-MAY-15

2004-MAY-15

2004-MAY-28

2004-JUN-04

2004-J UN-04

Reserve:87,875 Reserve of Work Report#: W0360.01 534

(S7 ,620) Applied by W0360

S255 Total Remaining

.015362003-JUN-04

Status of claim is based on information currently on record.

42A06SE2014 2.26371 LANGMUIR 900

2003-Sep-29 14:15 Armstrongjd Page 1 of 1

ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Transaction No: Recording Date: Approval Date:

Client(s):400214

Survey Type(s):

W0360.00828

2003-MAY-13

2003-SEP-23

Work Report Summary

Status: APPROVED

Work Done from: 2002-FEB-15

to: 2002-MAR-15


ASSAY PDRILL

Work Report Details:

Claim*

P

P

P

P

P

P

P

P

P

P

1166909

1243151

1243152

1243153

1245400

1245835

1247501

1247502

1248462

1248464

Perform Perform Approve

sosoSOsososososo

532,020 S28

SO

SO

SO

SO

SO

50

SO

SO

SO

,275

SO

532,020 328,275

External Credits: SO

Applied

5400

55,200

53,600

53,600

54,000

54,800

5800

51,200

5400

5400

524,400

Applied Approve

5400

55,200

53,600

53,600

54,000

54,800

S800

51,200

5400

S400

S24.400

Assign

SO

SO

SO

sosososoSO

524,000

SO

S24,000

Assign Approve

0

0

0

0

0

0

0

0

24,000

0

S24.000

Reserve

50SO5050SOSOSOso

57,620

so57,620

Reserve Approve

SO

SO

SO

SO

so50SOso

53,875

SO

S3,875

Due Date

2004-JUN-12

2004-JUN-19

2004-JUN-19

2003-JUN-19

2004-MAY-15

2004-MAY-15

2004-MAY-15

2004-MAY-28

2004- J UN-04

2004-JUN-04

Reserve:53,875

(57,620)

(S3.745)

Reserve of Work Report#: W0360.00828

Applied by W0360.00953 2003-JUN-04

Total Remaining

Status of claim is based on information currently on record.

2003-Sep-25 10:54 Armstrongjj Page 1 of 1

Ministry ofNorthern Developmentand Mines

Date: 2003-SEP-24

Ministers duDeveloppement du Nord et des Mines Ontario

GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO P3E 6B5

2004428 ONTARIO INC. 12TH FLOOR-20 TORONTO ST TORONTO, ONTARIO M5C 2B8 CANADA

Tel: (888) 415-9845 Fax:(877)670-1555

Dear Sir or Madam

Submission Number: 2.25625 Transaction Number(s): W0360.00828

Subject: Approval of Assessment Work

We have approved your Assessment Work Submission with the above noted Transaction Number(s). The attached Work Report Summary indicates the results of the approval.

At the discretion of the Ministry, the assessment work performed on the mining lands noted in this work report may be subject to inspection and/or investigation at any time.

The 45 days outlined in the Notice dated August 6, 2003 have passed. Assessment work credits has been approved as outlined on the attached Work Report Summary. The assessment credit is being reduced by S3,745. The TOTAL VALUE of assessment credit that will be allowed, based on the information provided in this submission, is 328,275.

If you have any question regarding this correspondence, please contact PIERRE DESCOTEAUX by email at [email protected] or by phone at (705) 670-5858.

Yours Sincerely,

Ron GashinskiSenior Manager, Mining Lands Section

Cc: Resident Geologist

Larry James Stoliker (Agent)

2004428 Ontario Inc. (Assessment Office)

Assessment File Library

2004428 Ontario Inc. (Claim Holder)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:18689

Ministry ofNorthern Developmentand Mines

Date: 2003-SEP-29

Ministere du Developpement du Nord et des Mines Ontario

GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO P3E 6B5

2004428 ONTARIO INC. 12TH FLOOR-20 TORONTO ST TORONTO, ONTARIO M5C 2B8 CANADA

Tel: (888) 415-9845 Fax:(877)670-1555

Dear Sir or Madam

Submission Number: 2.26371 Transaction Number(s): W0360.01534

Subject: Approval of Assessment Work

We have approved your Assessment Work Submission with the above noted Transaction Number(s). The attached Work Report Summary indicates the results of the approval.

At the discretion of the Ministry, the assessment work performed on the mining lands noted in this work report may be subject to inspection and/or investigation at any time.

This approval letter replaces submission 2.25625 (W0360.00828) correspondece dated September 24, 2003.

If you have any question regarding this correspondence, please contact STEVEN BENETEAU by email at [email protected] or by phone at (705) 670-5855.

Yours Sincerely,

Ron C. GashinskiSenior Manager, Mining Lands Section

Gc: Resident Geologist

Larry James Stoliker (Agent)

2004428 Ontario Inc. (Assessment Office)

Assessment File Library

2004428 Ontario Inc. (Claim Holder)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:18721

MHH1TRV or NOBTHEKB DCVCLOPMENT AND MINE!

CANADAMining Land Tenure

Map

S36SOOONi\ S355000N

18360000*

UTM Zone 179000m grid

Those wishing to staka mining claims should consul! with the Provincial Mining Recorders' Office or the Ministry of Northern Development and Mlnen for additional General Information and (.imitations information on the etatu* o*the lands shown hereon. This map is not Intended for navigational, survey, or land title determination purposes ae the information Contact Information: chown on thle map is eompfled from various sources. Completeness and accuracy are not guaranteed. Additional Information may also be obtained through the Provincial Mining Recorders' Office local Lend Tftlet or Registry Office, or the Ministry of Natural Her—-—

The Information shown Is derived from digital data available in the Provincial Mining Recorders' Office at the time of downloading from the Ministry of NorthernOftVMlnnmftnr and Mlnw* w*h "it*

This map may not show unregistered land tenure and Interests InToll Free Map Datum: NAD 83 "nd Including certain patents, leaees, easemente, right of ways, Tel: 1 (888)416-9845 out 57ffejeoilon: UTIvt (6 degree) Hooding Hghtt, licences, or otherfomt of disposition of rights an*

Willet Sroen Miller Centre g33Ramsey lake Road Fax: 1(877)670-1444 Topographic Date Source; Land Information Ontario interest from Ihe Crown, Alio certain lend tenure and lend MM* Sudbury ON P3E 8BS Mining Land Tenure Source: Provincial Mining Recorders' Office that restrict or prohibit Tree entry to stake mining claims may not t) Home Page: www.rflndm.gov.on.ca/MNIDM/MINES4.ANDS/mlfimnpge.htm Illustrated.

Oats /Time of Issue: TueSep23 11:16:10 EOT 2003

TOWNSHIP l AREA PLAN LANGMUIR G-3226

ADMINISTRATIVE DISTRICTS l DIVISIONSMining DivisionLand Titles/Registry DivisionMinistry of Natural Resources District

PorcupineUnavailableUnavailable

TOPOGRAPHIC\ j AdmWstratlvt Bmmdartet

D Township

f" l Concession, Lot

i ] Provincial Part*

Land Tenure

Fruthokt Patera

f'll SuKan And Mining Mghis

r^': Burfaoe Blain. Ol(

r S MtmnaRiohlsOnly

cm. ra s PU.

Contour

Mint Snafu

Mine Hsadframe

Railway

, Road

Tnl

Natural Gas Pipulins

FIJI Butfacx And MWnJ High*

r*jn Sorlnce ffijhl. Only

fyj Mining raorM Only

Uc*nce of Ocoupaiion

Ei i! B B

UWS Not Spadfttd

SurfaM And Minus Matin

Surface Rights O*

Mining Rights Only

Land UM Permit

Order In Council {Not open for staking)

Waivr Power Leans Aflnwnwni

Flea Only MlWig Claim*

LAND TENURE WITHDRAWALS

h;;;;f2^4:i:i: Armti Withdrawn from Disposition

Wsm WsVVm Mining Rigntt Only W

CM* Ut Council WUhUnswat Type! wsm sun*n* And Mitlna ftltthb Withdrawn W*s duritca Rights onfyWtlMiMm ^

IMPORTANT NOTICE

LAND TENURE WITHDRAWAL DESCRIPTIONSIdentifier Type Date Description

3669356038(2 3605

Wsm Wwn Ws Wsm

Jan 1,2001 FLOODING RIGHTS ON NIGHT HAWK LAKE TO THE- CONTOUR EIJan 1,2001 DUCKS UNLIMITED . PENDING APPLICATION UNDER THE PUBUiJan 1 . 2001 DUCKS UNLIMITED - PENDING APPLICATION UNDER THE PUBLI'Jan 1 , 2001 APPLICATION P6NDINO UNDER P.L.A.-SURFACE RIOHT WITHDR

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