100% MAM

51% 70%

OWNERSHIP

Pickle Lake Gold Properties Significant Land Position of 63 km2

Pickle Lake Gold Properties

• Can increase current 51% interest in three properties; Dorothy-Dobie Lake, Kasagiminnis Lake and Pickle Lake East to 70%

– additional $56,000 in expenditures to vest

• Hold 100% interest in the Dona Lake property plus two properties optioned to Tri-Origin

• Three properties are adjacent to past producing gold mines and cover the favourable trends that hosted those mines

• Two properties contain near surface historical resources of ~450,000 ozs*

• Little exploration has been carried out since the early 1990’s

• Manicouagan’s properties contain gold bearing horizons: Major deformation zones Areas of structural complexity Rocks of the right stratigraphic age

Staked by MAM

Approximately 10 km of favourable iron formation!

• Airborne survey completed – several targets identified

• On trend and contiguous to a past producing gold mine

• Located along the main iron formation that hosted the Dona Lake Mine

• One of the properties identified by SRK and Geofine studies

Dona Lake Gold Property

Kasagiminnis Lake Gold Property

Historical Resources – 2,600,000 tonnes @ 4.79 gpt Au

Kasagiminnis Lake 2011 Phase I & II Drilling Program

Summer 2011 Phase II drill program – four holes (1,019m) tested below the favourable results of the shallower Phase I drill program