Reserves & Resources

Longitudinal Panel Method Inferred Resource Estimation*

Zone Tonnes Aver. True Width (m) Aver. Grade (g/t Au)
M 1 East 781,100 3.7 6.56
M 1 West 841,800 8.3 5.34
B 1 East 342,500 3.3 7.46
B 1 West 168,600 3.5 7.58
B 2 81,900 3.9 13.13
  2,215,990   6.52 (0.19 oz/tonne)

Rotation of the longitudinal section into the plane of the deposit (azimuth 70°, dip 71° N) requires the tonnage to be increased by 10%, yielding an overall inferred resource of 2,435,600 tonnes grading 6.52 g/t Au, containing a possible 510,600 ounces of gold.

*Taken from the following: Technical Report on Gowest/New Texmont Property, Tully Township, Porcupine M. D., Ontario for Gowest Amalgamated Resources Ltd. By: G.A. Harron P.Eng., Effective Date: November 1, 2005, Signing Date: February 15, 2006.