KILLALA LAKE DIAMOND PROPERTY

The Property is comprised of 46 single cell claims located in the Killala Lake and Foxtrap Lake Areas of the

Thunder Bay Mining Division, Northwestern, Ontario. The Property is located approximately 30 kilometres

north northwest of the Town of Marathon and 210 kilometres East Northeast from the City of Thunder

Bay and is accessible by Highway 17 from Marathon and then a series of logging roads.

Exploration work has been intermittent in the target areas over several decades. The historical work

largely consisted of ground and airborne geophysical surveys, with geochemistry, as well as detailed

geological mapping. Areas of interest have seen only limited drilling (diamond and overburden) and

warrant further exploration.

Diamonds were first located on the Property in 2006, when Dianor Resources Inc. had Kennecott Canada

Exploration Inc’s Minerals Processing Laboratory complete dense media separation of a 1205.8 kilogram

sample of the Madonna Dyke. The sample produced 66 micro diamonds. Subsequent to the recovery of

the diamonds, the claimholder completed a diamond drill program that intersected the Madonna Dyke

and another dyke thought to be genetically related. Sections of the dykes were petrographically examined

and found to be porphyritic ultramafic lamprophyre (Madonna Dyke drill hole‐02, 2.78 metre intercept)

and ocellar ultramafic lamprophyre (drill hole‐03, r 8.5 metre intercept).

Further work to determine the extent of the potential diamond bearing dykes and the diamond content

of the known dykes is required to fully evaluate the economic potential of the Property. Historical

exploration to date has been successful in defining an accessible area to be tested without expensive

mobilization costs.

The Company has not undertaken any independent investigation of the historical information contained

in this press release nor has it independently analyzed the results of the previous exploration work in

order to verify the accuracy of the information. The Company believes that the historical results and other

information contained in this press release are relevant to continuing exploration on the Property.