BRADY GOLD PROJECT

Brady Gold Project

The Company entered into a purchase and sales agreement (“PSA”) with United Gold Inc. “(United Gold”) to acquire 100% interest in the Brady Gold project located in the south-central Newfoundland gold belt. In order to acquire the interest, the Company issued 6,000,000 common shares of the Company with a value of $720,000 and granted a 2% net-smelter royalty (“NSR”) to United Gold. The Company has the right to re-purchase the NSR by providing written notice and paying $1,000,000. The Company issued 600,000 common shares of the Company with a value of $72,000 as finder’s fee to qualified parties in connection with the acquisition.

This 100 hectare property is located in south central Newfoundland 80km southwest of New Found Gold Queensway gold project

Several well-known examples of this intrusion hosted style of gold mineralization type of deposit are found in the Tintina Gold Belt in Alaska and the Yukon Territory and include the Fort Knox, Donlin Creek And Brewery Creek deposits.

Has the potential to host significant intrusion hosted, open pit mineable gold deposit similar in size and grade to that of the Fort Knox deposit (252 MT @0.47 g/t Au-Kinross Gold website).

Additional drilling is required to substantially expand the resource.