Côté Lake Gold Deposit

The exploration and development of the Côté Lake Gold Deposit is the Company’s main focus. Located in the southeastern part of the Swayze Greenstone Belt halfway between Timmins and Sudbury, 20 km southwest of Gogama, Ontario, the deposit currently hosts an NI 43-101 resource of 4.22 million ounces of gold (131 million tonnes @ 1.0 g/t Au). An updated resource is anticipated for Q1 of 2012.