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7

Chibougamau – CBay Production Assets

Eight past producing copper/gold mines

on Lac Doré Complex:

Copper Rand

Cedar Bay

Jaculet

Portage

Henderson I

Henderson II

Mine Shaft #3

Copper Cliff

Partially developed high-grade Corner

Bay copper project

3,000 TPD mill and permitted tailings facility at Copper Rand

Mill could be segmented into 1,000TPD up to 3,000TPD (four ball mills)

Two recently-acquired high-grade copper deposits – Devlin, Perch River

50:50 Joint venture with Argonaut Gold Inc. on Gwillim gold property

All of these assets plus a 96,000 acre land package give CBay a dominant

position in the Chibougamau mining camp