First and Second Year Assessment Report

Of

Prospecting and Geochemical Investigations

On

The Nickel Two Property

License # 15900m and 18281m

Dashwoods Pond area, Western Newfoundland, NTS Map Sheet 12B/01

By

Roland and Andrew Quinlan

UTM coordinates of Northeast corner (5325000N: 393500E) NAD 27

Work Conducted March 2010 to March 2011

April 12th , 2010

Table of contents

i Introduction 1 ii Location and Access 2 iii Previous work 3 iv Nfld Geology 4-5 v Regional Geology 6-7 vii Conclusions And Recommendations 8

Illustrations

Fig.1 Location One page Fig.2 Sample location Two pages Fig.3 NFLD Geology One page Fig.4 Regional Geology One page

Appendices

viii Statement of expenditures Two pages ix Sample description Two pages x References One page

1

Introduction

The Nickel Two property originally consisted of four claim blocks located in the western portion

of the province on the Island of Newfoundland. They were staked in 2009 to cover a high nickel lake sediment geochemical anomaly.

Earlier work further to the east in much the same geological environment had led to the discovery by the author of semi-massive mafic boulders with highly anomalous nickel and copper credits. Subsequent work by the author led to the discovery of similar minerlaization in bedrock and thus the Lucky Moose Property came into existence.

Since the initial discovery, the property has been optioned to Benton Resources and Royal Roads Corporation who have conducted a large exploration program. This has led to some additional significant discoveries with nickel and copper values in channels and drill core approaching the three percent combined. The Lucky Moose property has since been renamed the Long Range property but work is continuing on this property with more drilling expected this winter.

The search for nickel on the Island was first initiated by the author in late 2006 and resulted in the Lucky Moose prospect been discovered in early 2007. At the same time it was noted with curiosity that the Nickel Two area was off much the same age, with much the same geology and had a much higher lake sediment geochemistry then the Long Range property. Unfortunately at that time the immediate area of interest was staked.

It has since become available and was staked by the author in 2009 with the intention of working the property to asercertain its potential for magmatic nickel-copper mineralization. A couple of weeks work this fall has led to a number of conclusions with regard to the original claim blocks and the larger area in general.

It was while attempting to find the shortest route to the original claim blocks that a large gossan to the northwest of the property was noted. Upon closer inspection, chalco, pyrite and pyrhottie were noted in outcrop and locally throughout the area. As a result an additional nine claim blocks were staked to cover the immediate showing. Now the Nickel Two property has two non-contiguous licenses and consists of 13 claim blocks under license 15900m and license 18281m. Work continues as time and weather permits

2

Location, Access & Topography

The Nickel Two property consists of two separate claim blocks, both located in the southwest

portion of the island within the province of Newfoundland and Labrador. For mapping purposes license # 15900m consisting of four contiguous claim blocks that can be located in the far southwestern portion of NTS map sheet 12B/01. License # 18281m consisting of nine contiguous claim blocks can be located in the far southeastern portion of NTS map sheet 12B/02

The most convenient access to license #15900m is through a helicopter ride from Pasadena. Alternately ski-doos or quads can with much difficulty arrive at the borders of this property.

Access roads originating from the TCH west of Corner Brook come within five kilometers or less of this license but deep valleys and high ridges to the immediate south have to be circumnavigated to actually reach this property.

Topography is rugged here with deep valleys and high rounded ridges. Tops of hills are estimated to be in the 400-meter range with drops almost to near sea level in less then a horizontal mile. Other valleys are almost vertical with waterfalls and rapids that again making traversing to and from the property very difficult.

License 18281m is a little easier to access although the topography is much the same. A forestry access road originating from the tch at St Fintans turnoff, if followed correctly leads to the property. All roads are rough but four wheel drive vehicles with the aid of quads or ski-doos can reach this license within a couple of hours. From there the property can be explored on foot

To compound the difficulty though of properly accessing and exploring the claim blocks, most of the hills within both license 15900m and 18281m are covered in a dense cover of thickets, stunted fir and white spruce. Local areas of good forestry development do occur but the majority off these have been recently harvested and regrowth has been thick and robust making for a very dense layer of new growth, which greatly adds to the difficulty of traversing the property.

3

Previous work Although much of the surrounding area has been staked during one time or another, little work

has been done in the immediate area of the Nickel Two property. In 1964 O'Brien Gold Mines had a concession in the area to the south. They also explored for base metals in the Prospectors Pond area, drilling 3 holes totalling 65 m as well as some geophysics. In 1970-71 Noranda Exploration Co. Ltd carried out an Airborne EM survey and Geochemical sampling in their La Poile Concession Area. Regional mapping was completed to the south (Chorlton, 1978) and Southwest (Knight and Chorlton, 1980). Several mining companies worked to the south and east of this area during the mid 1970's. Work in this larger area continued into the 1980's. Butler and Davenport completed a report on a regional lake sediment survey of the Stephenville Area (12B). Sarberg-Interplan Canada Ltd. carried out an exploration program for uranium in the Big Otter Pond area.

In 1980 Cluff Minerals Exploration worked the area around Eagle Head Pond and Crucifix Lake. The Eagle Head Pond Block is approximately 60 kms due south of Stephenville in the Dashwoods Pond area.

Falconbridge continued this work forming a joint venture with Cluff Minerals. Falconbridge assessed the area by carrying out detailed lake and stream sediment sampling, geological mapping and prospecting. Joan Marie Barry of Falconbridge concluded that the lake sediment survey revealed many moderate Zn, Mo, (Cu) anomalies and recommended further work. It is unknown whether Falconbridge did further work..

Commander Resources from 2006-2008 carried out an extensive uranium exploration program to the far east of the property. Benton Resources to the far south of the property conducted a two-year gold exploration program around the Hope Brook area. Benton Resources also with Buchans Minerals Roads are currently conducting an exploration program to the far east of the property in a very similar geological environment as the Nickel Two property.

Local prospectors and Newfoundland based exploration companies still continue to be active in the larger area.

4

Newfoundland Geology

Taken from Barbour D. and Churchill R., 1999. Tectonostratigraphic setting: The Appalachian Orogen in Newfoundland is composed of four northeast-trending late Precambrian to lower Paleozoic tectonostratigraphic zones. The zones are termed Humber, Dunnage, Gander and Avalon Zones and were classified on the basis of distinct structural, depositional, tectonic and volcanic-plutonic characteristics. Portions of these zones were deformed during the Precambrian Avalonian Orogeny, the middle Ordovician penebscot/Taconic orogeny, the lower to middle Silurian Salinic Orogeny, the Devonian Acadian orogeny, and finally during the Carboniferous Alleghanian Orogeny. The Humber Zone records the development and subsequent destruction of an Atlantic-type passive continental margin on the southeast margin of Laurentia. The Dunnage Zone represents vestiges of the Iapetus Ocean and later accreted island arc systems and melanges. Rocks of the Gander Zone record the development and destruction of a continental margin located in the east of the Iapetus Ocean and possessing Celtic affinities. The rock record of the Avalon Zone relates to either rifting and subsequent opening of the Iapetus during Precambrian times, or to a subduction cycle that predated opening of the Iapetus. The zone was a stable marine platform during Cambro-Ordovician time, characterized by shallow water deposition of platformal carbonates and siliciclastic rocks. With the exception of the Gander-Avalon boundary, malanges and ophiolite complexes characterize the boundaries between the other zones. The Humber-Dunnage boundary is delineated by the Baie Verte - Brompton Line - Long Range Fault system along which ophiolitic slivers such as the Flatwater Pond Complex are found. The Gander River Complex separates the Gander and Avalon Zones. The Avalon-Gander boundary, the Dover Fault - Hermitage Flexure is delineated by subverticle to vertical faults that contain broad zones of ductile deformation. Siesmic data for the Baie Verte - Brompton Line and the Gander River Complex show that these major breaks do not extend to deeper crustal levels reaffirming earlier suggestions that the Dunnage Zone may be allochthonous on Humber and Gander Zone basement rocks. In addition, major structures such as Baie Verte - Brompton Line and Gander River Complex have shallowly dipping geometries consistent with ramp-flat style deformation. Within the Dunnage Zone volcanic, plutonic and sedimentary rocks record the development and eventual destruction of the Iapetus Ocean during the early to middle Paleozoic. The northwestern section of the Dunnage Zone, the Notre Dame Subzone, is underlain by a mixed volcanic-sedimentary package that was intruded by alkalic granitic bodies. The geometry of the Notre

5

Dame Subzone is dominated by a northeast-southwest trending belt of predominantly Ordovician aged, arc-related mafic to felsic volcanic rocks and subsidiary volcaniclastic to sedimentary lithologies. The southeastern part of the Dunnage Zone, the Exploits Subzone, is characterized by deep marine sedimentary rocks of Ordovician age and Silurian, shallow marine to fluviatile sedimentary rocks and subaerial volcanic units that have subsequently been intruded by Siluro-Devonian gabbroid and granitoid rocks. The boundary between the Exploits and Notre Dame Subzones is delineated by a late rectilinear fault or fault system termed the Red Indian Line which, in some areas, is manifested as a mylonite zone locally punctuated by intrusions.

6

Regional Geology Generally speaking this mineral occurrence lies in the Humber tectonostratigraphic zone of the Appalachian Orogen. Van Berkel et al. 1986, however, has further subdivided the southern Long Range area into at least four distinct terranes separated by tectonic breaks. From northwest to southeast the terranes are the Steel Mountain Terrane, the Central Gneiss Terrane, the Annieopsquotch Terrane and the Rocky Ridge Pond Terrane. The Steel Mountain Terrane is separated from the Central Gneiss Terrane by the Long Range Fault, the Central Gneiss Terrane from the Annieopsquotch Terrane by the Lloyd's River Fault and the Annieopsquotch Terrane from the Rocky Ridge Pond Terrane by the Victoria River Fault. All terranes are cut by a multitude of faults and high strain zones, both ductile and brittle. Faults coinciding with terrane boundaries are major transcurrent faults. Northeast to southwest trending faults and high-strain zones are post-lower Ordovician, however some of the major transcurrent faults like the Long Range Fault may date back as far as the Grenvillian Orogeny (1100 Ma). Van Berkel et al., 1986, suggests that the division between the autochthonous western platform and the allochthonous oceanic rocks to the east is not a line or narrow zone as proposed by Williams and St. Julien (1982), the Baie Verte - Brampton Line, but a wide zone of at least 50 km. Van Berkel et al. 1986, suggests that the zone consists of stacked thrust slices of continental and oceanic/island arc material which spans the width of the Central Gneiss Terrane. Quartzofeldspathic paragneiss (of the Cormacks Lake Complex) is the oldest geological unit in the Central Gneiss Terrane (late upper Proterozoic). These gneissic rocks are tightly folded, highly metamorphosed and have been intruded by granitic plutons that fall in two broad categories; namely, inclusion-rich foliated hornblende-biotite granite, unit C2, (Van Berkel et al, 1986) and younger leucogranite and or biotite granite to granodiorite which are massive to weakly foliated, unit C6 (Van Berkel et al, 1986) or megacrystic, Unit C7 (Van Berkel et al, 1986) with locally preferentially oriented feldspar megacrysts. Units C6 and C7 are of similar age. The most distinctive units of the Central Gneiss Terrane are thin (3-300 m), highly deformed serpentine layers (Unit C4), locally associated with deformed gabbro (Units C3 and C5) in the paragneisses (Unit C1). The northeastern part of the Central Gneiss Terrane is underlain by weakly deformed gabbro and diabase (Unit C3). These mafic rocks form large northeast striking units intruded by sheets and veins of granite to diorite. Coarse grained gabbro (Unit C3) form bodies throughout the Central Gneiss Terrane, and locally exhibits well developed igneous layering. Zircon dating (Dunning 1985 in a personal communication to Van Berkel) and a K-Ar hornblende date (455 + 65 Ma; R.K. Herd, in Stevens et al., 1982, p. 47) of a gabbro body (Unit 3), at and south of the Burgeo Road (Route 480) 5 km southeast of the Long Range Fault, suggests that some of these mafic plutons may have been emplaced in the uppermost lower Ordovician, although the zircons suggests a complex history. Small diorite-tonalite plutons often containing mafic inclusions, possibly derived from the gabbro-diabase complex, (Unit C3) occur throughout the terrane. Dunning (1985) in a personal communication to Van Berkel, reported obtaining an uppermost lower Ordovician age on zircons from these rocks along

7

the Burgeo Road (Route 480), 7.5 km east of the Long Range Fault. A K-Ar determination on hornblende from a deformed tonalite, also along the Burgeo Road but more to the east gave a similar age (455 + 14 Ma; R.K. Herd, in Stevens et al., 1982, p. 46) *** Taken from Newfoundland Department of Natural Resources website (Mods occurrences)

8

Conclusions Even after two seasons, only very preliminary work has been conducted on the Nickel Two

original claim blocks. A seven day trip in late fall was a little more successful then any of the former trips to the area but access was again a major impediment A very large and extensive gorge directly at the south end of the forestry access road makes it impossible to access the property through any type of motorized vehicle. Walking to the claim blocks from the end of the access road is possible but the near vertical climb (250 meters) in and out of the gorge would be prohibitive in the number of samples collected or for that matter the amount of simple supplies taken to the property.

Access this time was gained to the east and then to the southwest in a round about manner. Although much longer then the direct route across the gorge it did avoid the gorge and thus allowed quads to reach the outskirts of the property boundaries. Unfortunately time actually spent getting to the property left little time to actually prospect before having to make the journey back to camp. As a result, the lake having the high nickel geochemistry was not visited

Although it is still very difficult to access the property from the local forestry roads, a bike or skidoo can be used at the end of the road to circumvent the gorge and access the claim blocks of the original license. Work will continue on this license as time and weather permits.

While attempting to find a route across the gorge to the original license, many small occurrences of anomalous copper and possibly nickel were noted in float and outcrop. Upon discovering a large gossan with moderate amounts of copper and pyhrrottie to the northwest of the original claim blocks, nine additional claim blocks were staked and added to the Nickel Two property.

With regard to this license (# 18091m), it was staked after finding this large gossan. Work will continue on the gossan zone as well as other areas of the property as there appears to be widespread anomalous copper and pyhrrottie in most of the units throughout the larger area.

.

Au Fire Assay/ICP Geochemistry CertificateClient: Roland QuinlanGeologist: Eastern Analytical LimitedProject: P.O. Box 187Sample: Rock Little Bay Road Signed by:______________________

Springdale, NLDskFile: 456-E1011909 A0J 1T0 (Concentrations in assay range

may cause interferences in DateIn: November 16, 2010 Phone: 709-673-3909 associated elements.)DateOut: November 25, 2010 Fax: 709-673-3408

Email:easternanalytical@nf.aibn.com---------------------------- ------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------Sample Au Ce Sr Ba Fe P Hg Mg As V Na Mo Al Be Ca Zn Cu Sb Ag Pb Bi Ti Cd Co Ni W La K Mn Sn CrNumber ppb ppm ppm ppm % % ppm % ppm ppm % ppm % ppm % ppm ppm ppm ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm----------------------------- ------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------1021 5 24 >220 29 0.92 0.03 1 0.34 6 7 0.13 1 0.35 0.5 >5.50 9 11 5 0.2 3 2 0.01 0.5 4 12 10 10 0.04 2078 20 191022 5 25 88 23 3.80 0.04 1 1.00 19 9 0.16 1 0.34 0.5 1.59 61 14 5 0.2 4 2 0.01 0.9 15 26 10 10 0.12 550 20 681023 5 20 100 19 2.70 0.03 1 0.86 13 7 0.16 1 0.28 0.5 1.92 47 11 5 0.2 7 2 0.01 0.7 10 17 10 10 0.10 472 20 1121024 5 22 44 59 5.75 0.04 1 4.43 5 107 0.14 1 3.90 0.5 2.35 47 77 5 0.2 2 2 0.01 1.4 36 114 10 10 0.11 1064 20 1471025 5 19 >220 14 1.73 0.04 1 1.04 13 8 0.13 1 0.80 0.6 >5.50 18 6 5 0.2 5 2 0.01 0.5 6 15 10 10 0.06 1670 20 471026 5 21 >220 27 1.72 0.04 1 0.65 17 9 0.12 1 0.31 0.5 >5.50 20 5 5 0.2 3 2 0.01 0.5 6 17 10 10 0.09 2219 20 351027 5 20 149 43 4.21 0.03 1 1.85 180 12 0.12 1 0.49 0.5 >5.50 38 58 5 0.2 2 2 0.01 1.2 28 80 10 10 0.21 1635 20 201028 781 33 35 16 2.61 0.04 1 0.14 >2200 5 0.15 1 0.32 0.5 0.35 21 5 9 0.2 15 2 0.01 0.5 6 11 10 10 0.07 230 20 1631029 5 41 8 10 1.08 0.02 1 0.15 14 7 0.14 1 0.43 0.5 0.09 14 6 5 0.2 4 2 0.01 0.5 3 6 10 10 0.03 112 20 1851030 5 17 3 10 0.89 0.01 1 0.10 21 7 0.10 1 0.34 0.5 0.02 9 5 5 0.2 2 2 0.01 0.5 2 4 10 10 0.08 112 20 2051031 5 13 4 72 1.81 0.01 1 0.52 5 28 0.12 1 0.97 0.5 0.06 32 28 5 0.2 2 2 0.11 0.5 10 13 10 10 0.65 393 20 1911032 30 10 1 10 0.58 0.01 1 0.01 47 3 0.13 1 0.07 0.5 0.01 1 4 6 0.2 6 2 0.01 0.5 1 4 10 10 0.03 31 20 2921033 5 28 5 10 0.62 0.01 1 0.04 5 3 0.14 1 0.19 0.5 0.02 8 6 6 0.2 3 2 0.01 0.5 3 7 10 10 0.03 337 20 2841034 5 41 35 13 1.29 0.05 1 0.14 11 4 0.15 1 0.44 0.5 0.24 7 6 5 0.2 9 2 0.01 0.5 4 7 10 10 0.06 337 20 1841035 5 10 72 10 3.42 0.01 1 2.93 5 5 0.12 1 0.04 0.5 1.75 10 3 6 0.2 2 2 0.01 0.8 38 492 10 10 0.01 976 20 3111036 29 10 8 25 0.81 0.01 1 0.02 530 2 0.11 1 0.07 0.5 0.28 24 5 6 0.2 3 2 0.01 0.5 4 9 10 10 0.03 654 20 2621037 5 10 3 10 0.33 0.01 1 0.01 5 2 0.11 1 0.08 0.5 0.22 8 29 5 0.2 29 2 0.01 0.5 2 6 10 10 0.02 153 20 2561038 5 11 4 19 0.53 0.01 1 0.01 5 2 0.13 1 0.17 0.5 0.07 5 2 5 0.2 4 2 0.02 0.5 2 4 10 10 0.07 82 20 2591039 5 38 19 10 1.17 0.05 1 0.15 10 5 0.15 1 0.33 0.5 0.13 6 5 5 0.2 6 2 0.01 0.5 5 7 10 10 0.01 386 20 2521040 5 45 28 10 1.44 0.05 1 0.17 7 7 0.18 1 0.37 0.5 0.23 7 19 6 0.2 7 2 0.01 0.5 7 9 10 10 0.01 574 20 2841041 44 10 8 10 0.86 0.02 1 0.06 13 3 0.11 1 0.19 0.5 0.04 12 10 6 0.2 4 2 0.01 0.5 8 6 10 10 0.01 580 20 3201042 5 10 3 10 0.28 0.05 1 0.01 12 1 0.15 1 0.22 0.5 0.12 11 4 5 0.6 54 2 0.01 0.5 1 3 10 10 0.11 76 20 1401043 5 10 30 10 0.37 0.18 1 0.01 7 2 0.10 1 0.09 0.5 0.41 2 3 6 0.2 2 2 0.01 0.5 1 5 10 10 0.03 55 20 2921044 5 16 8 10 1.31 0.02 1 0.15 5 3 0.09 1 0.44 0.5 0.05 16 7 5 0.2 9 2 0.01 0.5 4 7 10 10 0.06 175 20 1951045 101 29 17 75 1.75 0.05 1 0.02 747 2 0.13 1 0.37 0.5 0.74 37 11 5 0.2 15 2 0.01 0.5 12 12 10 10 0.26 642 20 881046 5 84 5 27 1.41 0.01 1 0.02 8 1 0.14 3 0.26 0.5 0.01 31 6 5 0.2 16 2 0.01 0.5 1 2 10 19 0.13 262 20 1831047 5 60 2 27 0.66 0.01 1 0.01 6 1 0.10 4 0.19 0.5 0.01 13 167 5 0.4 10 2 0.01 0.5 1 2 10 10 0.16 79 20 1711048 5 96 16 269 0.88 0.03 1 0.06 5 2 0.15 1 0.35 0.5 0.57 10 200 5 0.2 2 2 0.01 0.5 1 1 10 28 0.23 161 20 711049 5 23 36 >550 1.02 0.01 1 0.02 5 4 0.12 1 0.21 0.5 0.77 18 1599 5 0.2 5 2 0.01 0.5 2 2 10 10 0.15 269 20 1351050 5 10 2 17 0.37 0.01 1 0.01 5 1 0.14 1 0.21 0.6 0.12 13 11 5 0.2 16 2 0.01 0.5 1 3 10 10 0.15 58 20 2261051 18 25 17 16 4.71 0.10 1 1.49 5 145 0.15 1 3.52 0.5 3.08 46 598 5 0.2 2 2 0.21 1.1 24 6 10 10 0.04 658 20 471052 10 25 16 10 5.10 0.08 1 1.32 11 137 0.14 1 3.37 0.5 2.87 34 410 5 0.2 2 2 0.19 1.1 23 5 10 10 0.05 555 20 391053 19 17 19 >550 0.84 0.01 1 0.03 5 5 0.09 1 0.19 0.5 0.66 14 1080 5 1.5 4 2 0.01 0.5 2 1 10 10 0.11 221 20 811054 5 19 13 33 2.79 0.03 1 0.12 7 5 0.13 1 0.81 0.5 0.17 26 9 5 0.2 27 2 0.06 0.6 4 2 10 10 0.12 525 20 1531055 363 22 7 36 1.92 0.05 1 0.05 397 2 0.12 1 0.51 0.5 0.10 8 6 5 0.2 19 2 0.01 0.5 5 3 10 10 0.25 51 20 551056 232 24 9 33 2.93 0.05 1 0.21 341 6 0.13 1 0.73 0.5 0.15 40 16 5 0.2 26 2 0.01 0.6 9 15 10 10 0.18 511 20 821057 5 32 17 43 2.12 0.04 1 0.98 5 14 0.13 1 1.31 0.5 0.52 53 2294 5 2.3 33 2 0.01 0.5 12 34 10 10 0.10 554 20 901058 5 14 100 21 2.42 0.03 1 0.74 17 5 0.14 1 0.20 0.5 2.20 43 20 5 0.2 8 2 0.01 0.6 8 14 10 10 0.09 821 20 1041059 154 37 124 27 1.54 0.05 1 0.62 5 3 0.12 1 0.21 0.5 1.95 22 14 5 0.2 6 2 0.01 0.5 6 15 10 10 0.13 372 20 901060 67 20 60 215 1.18 0.01 1 0.04 118 1 0.16 1 0.19 0.5 3.48 12 14 5 0.2 8 2 0.01 0.5 1 2 10 10 0.12 580 20 1371061 292 17 113 68 1.03 0.01 1 0.04 165 1 0.13 1 0.29 0.5 >5.50 7 33 5 0.3 6 2 0.01 0.5 2 1 10 10 0.16 1079 20 291062 5 20 71 112 2.55 0.05 1 0.45 9 53 0.14 1 1.95 0.6 >5.50 29 45 5 0.2 2 2 0.05 0.6 7 1 10 10 0.05 496 20 391063 5 23 25 50 4.68 0.05 1 1.17 5 68 0.48 1 2.32 0.5 1.42 68 56 5 0.2 4 2 0.11 1.0 21 13 10 10 0.11 643 20 441064 644 12 192 29 1.84 0.03 1 0.22 801 5 0.11 1 0.31 0.5 5.29 8 14 5 0.2 8 2 0.01 0.5 7 4 10 10 0.08 717 20 741065 441 10 216 28 1.88 0.01 1 0.23 676 7 0.13 1 0.44 0.5 5.37 21 12 5 0.2 12 2 0.01 0.5 5 4 10 10 0.05 832 20 861066 5 31 17 18 3.55 0.05 1 0.73 22 39 0.18 1 1.47 0.5 0.98 52 31 5 0.2 5 2 0.03 0.8 11 6 10 10 0.13 524 20 501067 5 28 >220 10 0.29 0.01 1 0.04 5 1 0.11 1 0.08 0.5 >5.50 4 3 5 0.2 9 2 0.01 0.5 1 1 10 10 0.01 3186 20 61068 25 57 30 >550 1.77 0.02 1 0.05 5 7 0.12 1 0.22 0.5 1.01 28 807 5 3.2 4 2 0.01 0.5 3 1 10 11 0.15 436 20 611069 5 75 24 304 1.15 0.02 1 0.09 5 3 0.15 1 0.28 0.5 1.12 19 8 5 0.2 2 2 0.01 0.5 2 1 10 19 0.22 268 20 481070 14 11 38 10 1.35 0.05 1 1.02 5 22 0.10 1 0.98 0.5 1.08 45 8 5 0.2 2 2 0.09 0.5 22 38 10 10 0.01 330 20 143901 5 18 4 42 0.93 0.01 1 0.01 5 1 0.14 4 0.24 0.5 0.10 21 3 5 0.2 6 2 0.06 0.5 2 1 10 10 0.15 34 20 54902 31 37 10 18 2.72 0.01 1 0.01 38 1 0.17 3 0.16 0.5 0.11 31 14 5 0.2 3 2 0.01 0.6 1 1 10 10 0.12 248 20 125903 77 55 5 10 1.76 0.01 1 0.01 85 1 0.21 3 0.16 0.5 0.02 16 8 5 0.2 6 2 0.01 0.5 1 1 10 10 0.04 48 20 116904 20 25 16 15 3.82 0.01 1 0.06 39 1 0.16 4 0.20 0.5 0.48 101 37 5 0.2 4 2 0.01 1.0 1 1 10 10 0.15 413 20 99905 5 64 6 19 2.55 0.01 1 0.01 26 1 0.20 3 0.18 0.5 0.01 25 9 5 0.2 5 2 0.01 0.5 1 1 10 10 0.14 118 20 134

Au Fire Assay/ICP Geochemistry CertificateClient: Roland QuinlanGeologist: Eastern Analytical LimitedProject: P.O. Box 187Sample: Rock Little Bay Road Signed by:______________________

Springdale, NLDskFile: 456-E1011909 A0J 1T0 (Concentrations in assay range

may cause interferences in DateIn: November 16, 2010 Phone: 709-673-3909 associated elements.)DateOut: November 25, 2010 Fax: 709-673-3408

Email:easternanalytical@nf.aibn.com---------------------------- ------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------Sample Au Ce Sr Ba Fe P Hg Mg As V Na Mo Al Be Ca Zn Cu Sb Ag Pb Bi Ti Cd Co Ni W La K Mn Sn CrNumber ppb ppm ppm ppm % % ppm % ppm ppm % ppm % ppm % ppm ppm ppm ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm----------------------------- ------------------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------- --------906 5 44 7 47 3.96 0.03 1 0.98 5 58 0.18 27 1.51 0.6 0.06 71 83 5 0.3 4 2 0.06 1.2 19 32 10 10 0.98 444 20 54907 47 10 56 10 0.78 0.01 1 0.27 10 3 0.12 1 0.08 0.5 0.65 6 8 5 0.3 96 2 0.01 0.5 2 12 10 10 0.02 153 20 214908 18 10 73 10 0.80 0.01 1 0.35 10 4 0.14 1 0.09 0.5 0.89 6 7 5 0.5 120 2 0.01 0.5 2 10 10 10 0.02 231 20 215909 15 14 126 14 2.97 0.03 1 1.12 10 21 0.17 1 0.60 0.5 3.67 41 29 5 0.2 11 2 0.01 0.7 9 6 10 10 0.05 902 20 67910 5 34 5 17 0.75 0.01 1 0.02 21 1 0.16 1 0.18 0.5 0.16 27 11 5 0.2 28 2 0.01 0.5 1 4 10 10 0.08 152 20 262911 73 14 37 19 1.97 0.02 1 0.38 >2200 5 0.15 1 0.20 0.5 1.14 16 3 10 0.2 4 2 0.01 0.5 8 16 10 10 0.10 272 20 99912 16 20 10 29 0.94 0.07 1 0.20 98 5 0.18 2 0.31 0.5 0.17 10 24 8 0.2 3 2 0.01 0.5 2 12 10 10 0.07 62 20 359913 265 10 36 10 1.07 0.01 1 0.27 1865 3 0.13 1 0.07 0.5 0.96 69 95 9 0.2 3 2 0.01 0.5 3 4 10 10 0.03 370 20 209914 784 10 10 10 1.30 0.01 1 0.10 >2200 4 0.17 1 0.09 0.5 0.33 39 103 40 0.2 31 2 0.01 0.5 4 5 10 10 0.04 192 20 279915 5 15 29 10 3.86 0.02 1 1.44 35 32 0.23 1 1.88 0.5 0.36 38 210 6 0.2 4 2 0.08 0.8 30 39 10 10 0.08 366 20 2021071 5 22 10 19 1.52 0.05 1 0.12 17 6 0.15 3 0.39 0.5 1.02 28 6 5 0.2 6 2 0.06 0.5 6 2 10 10 0.09 277 20 1781072 5 22 10 61 3.26 0.04 1 0.63 10 36 0.17 1 1.23 0.5 0.26 70 21 5 0.2 4 2 0.12 0.8 11 9 10 10 0.13 523 20 851073 10 12 11 10 1.50 0.01 1 0.09 24 4 0.12 1 0.14 0.5 0.53 31 3 5 0.2 2 2 0.01 0.5 7 3 10 10 0.03 1057 20 2211074 5 119 17 25 0.94 0.01 1 0.03 8 1 0.13 1 0.33 0.5 0.44 20 3 5 0.2 2 2 0.01 0.5 1 1 10 32 0.17 230 20 1161075 11 38 23 77 5.03 0.19 1 1.36 11 85 0.16 1 1.65 0.5 0.99 99 48 9 0.2 10 2 0.07 1.3 25 28 10 10 0.06 365 20 731076 5 308 >220 514 0.21 0.02 1 0.02 11 1 >0.50 1 >5.50 8.5 0.40 123 5 5 0.2 34 44 0.01 0.5 1 2 10 137 0.18 388 20 211077 5 83 59 87 7.52 0.17 1 0.18 63 19 0.13 1 0.40 0.9 0.75 26 105 5 0.2 4 2 0.02 1.8 120 115 10 10 0.10 4438 20 621078 5 43 15 415 4.06 0.10 1 1.77 57 93 0.17 1 2.06 0.5 0.74 65 9 5 0.2 2 2 0.17 0.8 28 53 10 10 >1.10 446 20 1211079 5 21 25 45 3.87 0.12 1 0.81 63 116 0.13 1 1.16 0.5 1.35 51 40 5 0.2 5 2 0.09 0.9 28 8 10 10 0.05 535 20 311080 5 41 5 50 0.81 0.01 1 0.02 5 1 0.13 1 0.21 0.5 0.02 3 3 5 0.2 26 2 0.01 0.5 1 2 10 11 0.16 20 20 1151081 15 22 5 19 2.50 0.02 1 0.01 5 2 0.14 5 0.28 0.5 0.02 3 19 5 0.8 36 2 0.01 0.5 8 2 10 10 0.22 10 20 601082 5 45 3 47 0.58 0.01 1 0.01 5 1 0.13 1 0.23 0.5 0.01 2 4 5 0.2 14 2 0.01 0.5 1 2 10 14 0.18 15 20 1061083 5 28 3 15 0.90 0.01 1 0.01 5 1 0.14 3 0.26 0.5 0.01 5 5 5 0.3 52 2 0.01 0.5 1 1 10 10 0.18 9 20 811084 5 30 31 83 6.42 0.09 1 0.96 20 94 0.20 1 1.68 0.5 1.00 25 208 10 0.2 4 2 0.01 1.5 21 10 10 10 0.06 646 20 731085 125 14 15 34 1.37 0.03 1 0.20 28 11 0.10 1 0.39 0.5 2.71 10 25 5 0.2 6 2 0.02 0.5 6 5 10 10 0.08 179 20 1101086 72 16 19 50 3.02 0.03 1 0.94 20 46 0.15 1 1.36 0.5 3.04 32 56 5 0.4 2 2 0.04 0.6 15 6 10 10 0.11 501 20 751087 5 22 16 10 3.13 0.08 1 1.82 5 44 0.17 1 1.92 0.5 0.67 34 114 5 0.2 2 2 0.12 0.7 27 39 10 10 0.01 405 20 831088 807 14 167 11 2.66 0.01 1 1.34 >2200 5 0.14 1 0.14 0.5 2.80 36 5 8 0.2 6 2 0.01 0.5 10 51 10 10 0.07 414 20 661089 291 13 114 28 2.71 0.02 1 1.01 >2200 6 0.17 1 0.26 0.5 1.97 40 16 7 0.2 8 2 0.01 0.5 10 49 10 10 0.17 374 20 801090 569 18 71 21 3.56 0.01 1 1.67 >2200 9 0.15 1 0.23 0.5 1.34 56 8 6 0.2 7 2 0.01 0.5 14 67 10 10 0.14 501 20 641091 584 13 164 27 3.08 0.01 1 1.57 >2200 8 0.11 1 0.28 0.5 3.18 40 13 6 0.2 18 2 0.01 0.5 12 54 10 10 0.14 463 20 491092 253 10 108 16 2.15 0.02 1 0.96 >2200 5 0.14 1 0.17 0.5 2.10 19 18 7 0.2 6 2 0.01 0.5 5 11 10 10 0.09 324 20 871093 46 12 83 23 2.41 0.02 1 0.95 862 6 0.13 1 0.21 0.5 1.63 22 6 5 0.2 3 2 0.01 0.5 7 14 10 10 0.12 310 20 731094 470 10 >220 10 3.27 0.02 1 2.14 >2200 7 0.14 1 0.08 0.5 5.47 13 27 41 0.2 87 2 0.01 0.5 2 4 10 10 0.03 661 20 1201095 27 32 36 40 3.42 0.09 1 0.35 70 30 0.11 6 0.75 0.5 2.43 22 53 5 0.2 4 2 0.06 0.8 18 4 10 10 0.09 240 20 681096 201 13 25 35 4.75 0.04 1 1.29 59 53 0.12 1 1.82 0.5 0.93 52 39 5 0.7 4 2 0.04 1.0 29 8 10 10 0.08 531 20 811097 53 10 40 202 2.93 0.04 1 0.63 34 38 0.14 1 1.20 0.5 3.24 34 121 5 0.2 3 2 0.06 0.7 18 6 10 10 0.05 416 20 1151098 313 23 30 48 4.45 0.11 1 0.41 101 30 0.14 1 0.79 0.5 1.51 16 31 5 1.7 4 2 0.04 1.0 22 6 10 10 0.06 224 20 1481099 26 22 13 36 2.55 0.05 1 0.51 15 8 0.13 1 0.95 0.5 0.33 74 34 5 0.4 2 2 0.04 0.6 8 4 10 10 0.13 540 20 5410100 36040 17 27 24 2.65 0.02 1 0.15 64 6 0.15 >220 0.44 0.5 4.09 41 4945 5 >6.0 165 2 0.02 1.0 7 2 10 10 0.12 454 20 8310101 673 17 12 40 2.22 0.04 1 0.34 23 7 0.16 75 0.75 0.5 0.56 57 256 5 4.6 17 2 0.03 0.7 7 4 10 10 0.16 416 20 64

Table 1 The Nickel-Two Property Sample Description License # 18281m NTS Map Sheet 12B/01 Zone 21 Nad 27

Sample #

Type Rock type Mineralization Au (ppb)

Cu (ppm)

Utm coordinates

A1049 Grab Dorite Minor py 18 287 384066:5324905

A1050 Grab Quartz vein Minor py 5 187 384036:5324901

A1051 Grab Dorite Minor py, chalco 30 1018 383985:5324888

A1052 Grab Quartz vein Minor py 5 193 383928:5324874

A1053 Grab Dorite Minor py 5 420 383898:5324821

A1054 Grab Granidorite Minor py, chalco 5 658 383827:5324730

A1055 Grab Granidorite Minor py, chalco 5 665 383761:5324084

A1056 Float Granidorite Minor py,chalco 5 834 383684:5324090

A1057 Grab Granidorite Minor py, chalco 5 838 383684:5324090

A1058 Grab Granidorite Minor py, chalco 5 177 383762:5324091

A1059 Grab Granidorite Minor py, chalco 5 315 383807:5324154

A1060 Grab Granidorite Minor py, garnets 5 190 383884:5324215

A1061 Grab Quartz vein Minor py 5 7 383928:5324225

A1062 Grab Sediments Minor py 5 94 383948:5324222

A1088 Grab Gabbro Minor py 5 206 384982:5324252

A1089 Grab Gabbro Minor py 5 230 384143:5324632

A1090 Grab Gabbro Minor py 5 188 384154:5324602

A1091 Float Quartz vein Minor py 409 15 384147:5324548

A1092 Float Felsic volcs Minor py 5 19 384167:5324534

A1093 Grab Felsic volcs Minor py 5 7 384292:5324532 A1094 Grab Sediments? Minor py 5 3 384228:5324514

Table 2 The Nickel Two Property Sample Description License # 15900m NTS Map Sheet 12B/02 Zone 21 Nad 27

Sample #

Type Rock type Mineralization Au (ppb)

Ni (ppm)

Utm coordinates

1021 Float Gabbro Minor sulfides 5 12 393414:5324909

1022 Float Gabbro Minor py, pyrr 5 26 393445:5324907

1023 Float Gabbro Minor sulfides 5 17 393384:5324908

1024 Float Gabbro Minor py, pyrr. 5 114 393350:5324909

1025 Float Gabbro Minor sulfides 5 15 393062:5324917

1026 Float Sediments Minor sulfides 5 17 393049:5324909

1027 Float Sediments Minor sulfide 5 80 393029:5324912

References Graves, G 1989: First year assessment report on prospecting and geochemical exploration for licence 3198 on claim block 5501 in the Robinsons River and Whale Back Pond areas, Newfoundland. Noranda Exploration Company Limited Unpublished report, 26 pages. [GSB# 012B/01/0308] Reid, W 1981: First year assessment report on geochemical, geophysical and geological surveys for licences 1816-1818 in the Codroy River-Cape Ray area, Newfoundland. Noranda Exploration Company Limited, Atlantic Analytical Services Limited, and Stairs Laboratories Unpublished report, 33 pages. [GSB# 011O/0123] Lassila, P 1981: Report on 1980 investigation for licence 1809 of airborne em anomaly zone 39 on claim block 2508, Newfoundland. Hudsons Bay Oil and Gas Company Limited Unpublished report [GSB# 012A/04/0275] van Berkel, J T, Johnston, H P, and Currie, K L 1987: A preliminary report on the geology of the Southern Long Range, southwest Newfoundland. In Current Research. Mineral Development Division, Department of Mines and Energy, Government of Newfoundland and Labrador Report 87-01, pages 386. [GSB# NFLD/1667]