Nelligan

Metanor holds an option enabling it to acquire an interest of 70% in this property, which includes 58 claims, covering an approximate surface of 2,881 hectares, located immediately west of the Bachelor property. During an exploration campaign completed by Murgor Resources in 2006, intersections of 582 g/t Au over 0.53 m and 3.15 g/t Au over 3.0 m were obtained by sampling a sheared and mineralized horizon similar to the “A” vein of the Bachelor property. An intensive stripping campaign was carried out during the summer and part of the autumn of 2008, which allowed the Company to extend the gold-bearing structures discovered by Murgor Resources. The Company is expected to initiate a drilling program to test potential targets once compilation of the results is complete.