NALUNAQ

Main Vein (“MV”) discovered in 1992. 30,478m of surface drilling, 5,572m of underground drilling and 1,902m of lateral exploration development. >350,000 oz produced from material with average grade of 15 g/t (30,000 – 70,000 oz/year) during 2004 – 2009 (Crew Gold Corp. (“Crew Gold”)). Large investment in infrastructure by prior owners and exploitation licence transferred from previous owners. Furthermore there is an updated geological model and extension of the MV strike length up to 1km.