January 25, 2006 Received the final data for two Megatem, electromagnetic airborne geophysical surveys. The Alberta survey consists of 4,611 line kilometres and covers the "Alberta" (128,912 hectares) property. The Lake Athabasca survey consists of 1,695 line kilometres and covers the western part of the 104,347-hectare Lake Athabasca property. Both sets of data show multiple geophysical features which appear anomalous to surrounding data sets. The interpretation defined six primary drill targets related to anomalous conductive targets and irregular offsets of geological trends. In addition, there are 10 secondary drill targets.