ADAMS LAKE

Titan 24 geophysical surveys define large structures extending to depth thought to be similar to structures which host gold mineralization elsewhere in this prolific gold district. The Company conducted a two-hole reconnaissance program at Adams Lake. The drilling confirmed the presence of Balmer rocks and validated the Titan 24 survey in the area below iron formation located close to the Balmer formation contact. The results confirmed the presence of prospective units in a major fold closure at Adams Lake. Due to the continued encouragement of the F2 zone at the Phoenix project, drilling at Adams Lake was curtailed to allow maximum resources to be directed to the F2 discovery. During the months of September and October 2007, the Company completed a soil sampling survey over priority target areas on the property to aid in drill targeting. Results of the soil sampling survey have identified high priority drill targets. The gold anomalies in soils appear to be closely correlated with major faults and known surface gold showings, particularly the fold nose itself which represents prime structural sites for Red Lake-style gold mineralization. Soil anomalies are interpreted as high level 'leakage' into younger rocks overlying more prospective Balmer assemblage rocks which, four kilometres to the west, host the world class Red Lake Mine. Titan 24 geophysical surveys define large structures extending to depth which are also priority targets for drilling since these are thought to be similar to structures which host gold mineralization elsewhere in this prolific gold district.

Work carried out included geological mapping, prospecting and a small drill program. Drilling confirmed the presence of the Pindar Creek ultramafic rocks of the Balmer stratigraphy. No significant assays were returned.