CBay Feb 2015

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CBay Minerals: Steps To Value Realization
2012
 General Manager, Chibougamau hired
 New 43-101 report on resources at Corner Bay
 Completed closure plan for Copper Rand
 LBP Mining Services, Val D’Or completed internal reports on refurbishment
of Copper Rand mill, capex, operating cost and mine plan for Corner Bay
 Implemented exploration drilling program via Nuinsco on Portage Island
 Initiated detailed analysis of property position and prioritized additional
exploration targets
 Reviewed past producers for production scenarios
 Sold royalty on Eastmain gold property to make CBay debt free
 Overall objective:
 Put three mines back into production by 2017-2018
 Develop sufficient resources to feed, partially or fully, 3,000 TPD
mill, possibly including custom milling
 Embark on exploration program to evaluate camp’s full potential
 Create employment and growth in Chibougamau mining camp