Clearwater Project (100% Eastmain)

• 2008 Drill program underway - VG in first 4 holes
  
  >Metallurgical & Assay program underway
  
  >2007 Drill program 53 holes cmpleted
  
  >180 ore intercepts, 55 with VISIBLE GOLD;
  
  >VG samples avg. grade 70.74 g/t gold or 2.07 ounces/ton
  
  >up to 2,450 g/t AU or 74.17 ounces per ton gold
  
  >1000 ounces gold per verticle metre
  
  

• Indicated resource –313,191 ounces gold;
  1,029,332 tonnes @ 9.46 g/t gold (8.18 g/t cut)
  
  

• Inferred resource – 679,464 ounces gold;
  3,049,660 tonnes @ 6.93,g/t gold (6.53 g/t cut)
  
  

• Deep drilling intersects high grade gold on D Vein:
  Hole 38 - 1.24 oz/ton gold at >1,300 ft. (400m) depth
  Hole 44 - 1 oz/ton gold at >1,900 ft. (600m) depth
  Hole 58 - 1.22 oz/ton gold at >2,887 ft (880m) depth
  
  

• High-grade veins from 450 Zone at surface include:
  JQ Vein....... 0.89 oz/ton gold over a length of 550 ft
  (30.4 g/t gold / 167m x 1.23m)
  P Vein.......... 0.53 oz/ton over lenth of 450 ft
  (18.1 g/t gold / 138m x 1.23 m)
  R Vein.......... 1.70 oz/ton over a length of 85 ft
  (58.2 g/t gold / 26m x 1.08 m)

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Eastmain/Opinaca Belt Projects, Québec – (NEW gold mining camp)

• Éléonore South Property (Goldcorp-Eastmain-Azimut 3-way JV); Eastmain (project operator)
  
  >Goldcorp funding project to bankable feasibility - 2008 First Phase drill program in Q1-2
  
  >Property immediately adjacent to multi-million ounce Roberto gold discovery at Éléonore
  
  >NEW GOLD DISCOVERY - up to 37.8 g/t Au incl. 20g/t Au/ 2m and 5.33 g/t Au/8 m (Roberto-type mineralization)
  
  >Mine horizon rock formations extend across Éléonore South property
  
  >10 kilometre-long gold soil geochemical anomaly (up to 1.25 g/t Au in soil) defined by 10,000 samples
  
  >2007 Rock Samples - 920 or 4100 one-metre-long channel samples range from >10 ppb to 37.8 g/t Au
  
  
  
  

• Azimut D Project - Eastmain to earn 50%; Éléonore area poperty with mulitple gold anomalies; Roberto-type mine geology
  
  

• Dyna Project - 100% Eastmain; Éléonore area property with multiple gold anomalies in soil and rock
  
  

• Eastmain Mine Project (100% Eastmain Resources) $40M in previous expenditures
  
  >255,750 ounces measured and indicated – OPEN at depth, multiple gold ocurrences on the property>
  
  >Contact and Hangingwall gold tagets similar to multi-million-ounce Detour Gold deposit
  
  >Bonanza gold grades – A zone: 13.4 g/t Au across 9.22 m; B zone: 61.5 g/t Au across 8.95m
  
  >Q2 2008 - 10,000 metre drill program to test 22 regional targets and at depth below mine workings
  
  >Ramp and two levels developed underground; Permanent camp, airstrip and 20-year mining lease
  
  >$16 per ounce gold acquisition cost; Net Smelter Value = US$91.2 at $750 gold price
  
  

• Ruby Hill Project (100% Eastmain Resources)
  
  >Adjacent to Eastmain Mine Property; drill ready targets
  
  >Regional VTEM survey detected high-priority targets coincident with key mine geology; potential for gold, Ni-Cu discovery
  
  

• Reservoir Project – (100% Eastmain Resources)
  
  >Large copper-gold system southwest of Éléonore gold discovery.
  
  >Drill intercepts from 1.79 g/t gold across 21 m to 5.35 g/t gold across 6 m.
  
  >Surface channel samples up to 5% copper, 36 g/t gold and 52 g/t silver.
  
  

• Lac Elmer Project – 50% Eastmain; 50% Barrick Gold Corporation
  
  >50-km2 property at western end of Eastmain River greenstone belt.
  
  >Similar to 30-million-ounce Hemlo gold mine. Hosts kilometric-size mineralized horizon enriched in silver-gold-copper and zinc.
  
  >Multi-ounce silver and ounce-level gold assays in surface showings.
  
  >Up to 50 g/t silver and 0.5 g/t gold across 30 m in drilling.
  
  

• Radisson Project – (100% Eastmain Resources)
  
  >83.2-km2 property covering 17-kilometre-long trend of prospective greenstone belt.
  
  >Multiple Au ± Cu rock showings and zones up to 350 m long with up to 9.8 g/t Au in grab sample;
  
  >2006 VTEM & Magnetic survey.
  
  

• Lac Hudson Project – (100% Eastmain Resources)
  
  >Central part Eastmain River Greenstone Belt, 5 km south of Reservoir. Gold and base metals in iron formation.
  
  >Preliminary drilling intersected up to 15.2 g/t gold and 22.3 g/t silver.
  
  >Prospective for sedimentary-hosted gold deposit.
  
  

• Road King Project – (100% Eastmain Resources)
  
  >109 claims; 56 km2.
  
  >Property covers 10-km-long volcanic-sedimentary rocks prospective for sedimentary-hosted gold deposit.
  
  

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Ontario Exploration:

• Abitibi MegaTEM Project (70% Eastmain; 30% Xstrada, formerly Falconbridge)
  
  >Area: Abitibi belt: $120 Billion past metal production; >200 M ounces gold, 900 M ounces silver, 8.5 M tonnes copper, 20 M tonnes zinc
  
  >Base metal & gold deposit exploration within trucking distance of Xstrata smelter facility
  
  >2007: 5 priority targets surveyed with HeliGEOTEM EM system; Next stage drilling
  
  >2008: Drilling High Priority nickel target - 19 m @ .70% Cu-Ni
  
  

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Diamond and Uranium Property Acquisitions:

• Uranium stock holdings: 508,836 shares of Western Uranium Corp. (cost $0.13/share; value 1.3 million)

• Diamond Stok holdings: 340,000 Shares of Dianor Resources Inc. (Acquisition cost $0.00; value $0.14 million

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