NEW CLAIMS PROJECT 2011 ASSESSMENT REPORT: MAPPING …

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NEW CLAIMS PROJECT 2011 ASSESSMENT REPORT:

MAPPING AND SAMPLING; PARDO TOWNSHIP, ONTARIO

By: Patrick Olivier Ginguro Exploration Inc. 101-957 Cambrian Heights Drive Sudbury ON P3C 5S5 Mount Logan Resources Ltd. 101-957 Cambrian Heights Drive Sudbury ON P3C 5S5

March 22, 2012

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TABLE OF CONTENTS

1. Introduction 3

2. Location, Access and Physiography 3

3. Property Claim Summary 5

4. General Geologic Settings 7

5. Property Geology 7

6. Previous Work 10

7. Mapping and Sampling 16

8. Assay Results 22

9. Conclusions 23

10. References 23

11. Costs Statement 24

12. Certificate of the Auhor 25

LIST OF TABLES

Table 1 - Claims Descriptions 5

Table 2 - Samples List 16

Table 3 – Work Performed 17

Table 4 – Assay Results With Descriptions 22

Table 5 – Costs Statement 25

LIST OF FIGURES

Figure 1 - Property Location 4

Figure 2 - Localization of the Claims In the Pardo Township 6

Figure 3 - Claims Geology 9

Figure 4 - Samples Locations 19

Figure 5 - Detailed Position Of the Samples 7,8,10,13,14,15,18 20

Figure 6 - Detailed Position Of the Samples1 to 6, 11,16, 17, 19 to 22 (1:5000) 21

APPENDIX

Appendix 1 – Assay Certificates

Appendix 2 – Invoices

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1. Introduction

During November 15th to November 30th, 2011, Mount Logan Resources

Ltd., a whole-owned subsidiary of Ginguro Exploration Inc. (TSX-V: GEG),

initiated exploration program to better understand the stratigraphy,

sedimentology and structures of the Huronian Supergroup that exposes within

the Pardo property with an object of gold exploration.

A detailed mapping and sampling program has been initiated to identify

possible targets on the area for a future drill campaign. This assessment report

presents the work of this field work.

Field works on this property were carried out by geologist, Patrick Olivier,

Andy Bite with support of Winston Whymark and Matthew Bridge (Technicians);

all contracted Ginguro Exploration Inc employees. All work was supervised by

Wayne Whymark and Richard Murphy P.Geo., Management of the company and

Andy Bite P.Geo., Vice-President, Exploration.

2. Location, Access and Physiography

The Property are located approximately 65 kilometers northeast of

Sudbury, Ontario (Figure 1), in the Sudbury Mining Division, east-central Ontario.

The approximate geographic centre of the property is located at

NAD83_UTM_Zone 17N, coordinates 517675 North and 555888 East. The

property is primarily located in the center west of Pardo Township.

Access to the property is excellent. From Sudbury, the Trans Canada

Highway 17 runs east to the town of Warren, from which paved Highway 539

runs north to the small community of River Valley. From there, paved Highway

539A and all-weather gravel Highway 805 run north approximately 30 kilometers,

crossing the western portion of the claim block. A network of logging roads run

east from Highway 805, providing additional access to most of the property. The

property lies at an elevation of between 260 and 350 meters above sea level,

and while locally can be rugged, is generally one of modest relief. Approximately

10% of the claim block is outcrop, with the remainder a mixture of thin soil

development through to thick fluvial sand plains and in places boulder till sheets

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of significant thickness. Vegetation is comprised of, in places, stands of virgin red

and white pine, to second growth mixed forests of pine, spruce, and poplar.

Infrastructure surrounding the project area is excellent. Water is plentiful, with

numerous lakes on the property, and the Silver Lake covers about 10% of the

northeast of the Properties. Grid power is available in River Valley. All amenities

for any exploration or mine development programs are available in the world

class mining centre of Sudbury, and the towns of Sturgeon Falls and North Bay,

all within a ninety minute drive to the property, provide additional support

services.

Figure 1 – Property location

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3. Property Claim Summary

The Pardo properties were stacked by the Ginguro Exploration Inc. Team

between 5th to 12th November, 2011. On these claims (Table 1), the assessment

work described in this report was performed.

Township

/Area

Claim

Number

Recording

Date

No of 16 Ha

Units Recorder Holder Percent Held

Pardo 4267012 02/12/2011 3 Mount Logan Resourses 100%









TOTAL 9 CLAIMS

33 (16ha U)

Table 1 – Claims descriptions

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Figure 2 – Localization of the Claims in the Pardo Township

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4. General Geologic Settings

Dressler (1979) described the regional geology, indicating that the region

is underlain by Precambrian rocks which are locally covered by Pleistocene and

recent unconsolidated sediments. Early Precambrian metavolcanics,

metasediments, granitic rocks, and mafic intrusive rocks are the oldest in the

area. The metavolcanics and metasediments were intruded by granitic rocks that

were approximately 2,500 Ma in age (Fairburn et al., 1960; Van Schmus, 1965).

Early Precambrian mafic dykes also intruded the metasediments and

metavolcanics and are younger than the granitic intrusions.

The Huronian Supergroup metasediments unconformably overlie the older

rocks. They were deposited between 2220 and 2400 Ma (Van Schmus, 1976), an

age bracket which corresponds to the Aphebian of Stockwell (1964). Rocks of

the Mississagi Formation, the Gowganda Formation, and the Lorrain Formation

occur in the area. The Mississagi Formation consists of conglomerate,

sandstone, greywacke, and argillite. The Gowganda Formation is comprised of

greywacke, conglomerate, arkosic wacke, and subarkose. The Lorrain Formation

is primarily comprised of quartzite, sandstone, and minor silty wacke. Nipissing

intrusive rocks (approximately 2220 Ma), mostly gabbros, intrude all other older

formations below the Lorrain Formation. A 1238 Ma olivine diabase Sudbury

dyke outcrops in northwestern Janes Township, immediately south of Pardo

Township. All of the above lithologies occur north of the Grenville Front Boundary

Fault, in the Southern Structural Province of the Canadian Shield.

South of the Grenville Front Boundary Fault, in the Grenville Structural

Province, rocks consist of biotite-plagioclase gneiss, biotite-hornblende-

plagioclase gneiss, feldspathic gneiss, amphibolite, gabbro, anorthosite,

migmatite, olivine diabase, and ultramafic rocks (Easton, 2007).

5. Property Geology

The upper portion of the property is predominantly underlain by rocks of

the Huronian Supergroup, and specifically by conglomerates, sandstones of the

Mississagi Formation. Were mapped more than 50 outcrops of conglomerates,

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sandstones of the Mississagi Formation, most of the outcrops have NE/SW

directions with a gently dip to NW. In the area there are outcrops up to 200m long

and 20m high.

The sandstones are pale to medium grey, medium to coarse grained with

more than 90% of quartz. Some of the sandstone outcrops have pebbles that

vary from less than 1cm to 6cm.

The conglomerates are pale to medium gray, matrix supported (medium

grained) and have pebbles up to 6cm.

Not all the outcrops were sampled and are shown in the map, but only

those who have interesting aspects towards gold prospection based on our

previous works in the surrounding areas.

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Figure 3 – Claims Geology

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6. Previous Work

In 1932, Bruce reported that a small quartz vein was located immediately

south of the current property boundary. The vein was stripped and sampled, but

yielded very low gold values.

Between 1956 and 1957, Pickle Crow Gold Mines Limited explored for

uranium minerals in the area, and completed two rounds of diamond drilling

totaling 16 holes and 7,489 feet. MacVeigh (1956) and Thompson (1960) briefly

presented the drilling results. Selected core samples from these holes were

routinely assayed for uranium, yielding low and uneconomic values; only

sporadic gold assays were reported, to a high of 0.055 opt over 10 feet.

From the 1974 to 1996, the area comprising the property was withdrawn

from staking, as part of the Bear Island Indian Caution. No exploration activity

was allowed or reported during that period, though a limited Cobalt Embayment

wide sampling program carried out by the Ontario Geological Survey in 1980’s

sampled quartz pebble conglomerates located on the south shore of Tee Lake,

and returned anomalous gold values to 165 ppb Au.

In 1996, the property was staked by Vancouver based junior company

Tenajon Resources Corporation. In 1997, the company completed a two phase

exploration program on the property, comprised of an initial 1:20,000

reconnaissance scale mapping and sampling program, followed by a

mechanized stripping and channel sampling program on the property. That work

resulted in the discovery of two significant gold showings known as the

“Northern” and Southern” Occurrences.

At the Northern Occurrence, stripping revealed a thin veneer of basal

conglomerate resting unconformably on Archean basement greywackes. The

basement rocks trend approximately east-west and are almost vertical, while the

basal conglomerate is flat lying and “pancaked” onto the basement. In several

locations, the conglomerate is strongly iron-oxide stained, and carries up to 3-5%

fine disseminated pyrite in the matrix. Grab values to 9.94 gpt gold were returned

from the area, while channel samples returned a contiguous 12 meter interval

grading 0.966 gpt gold.

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At the Southern Occurrence, only the basal conglomerate is exposed, and

again, pyritic portions returned grab samples to 2.47 gpt Au, and channel

samples to 1.75 gpt Au over 3 meters. During the same year, Tenajon completed

orientation humus sampling and scintillometer surveys over the Northern

Showing, to determine the applicability of those two exploration techniques to

identify additional gold occurrences. The scintillometer survey failed to detect any

anomalous radioactivity associated with the gold occurrence. The humus

sampling detected several anomalies immediately over the showing area, and

100 meters north and south of the showing, with individual sample tenures to 62

ppb Au.

In 1998, the property was optioned to Triex Resources Inc., earning a 60%

interest in the project by completing $125,000 of exploration work during the

1998-1999 field seasons. That work included completion of a 40 kilometer cut-

line grid over the area surrounding the Northern Occurrence, followed by humus

geochemistry and ground magnetic/VLF-EM and pole-dipole induced polarization

surveys over the grid. Both the humus geochemical survey and the IP survey

identified multiple anomalies warranting follow-up.

In July, 1999, Triex completed a program of power stripping and channel

sampling over selected targets based on both IP and humus geochemistry

responses. Of eight targets identified and sampled during the program, six

returned anomalous gold mineralization over substantial widths. The IP survey

appeared to have been extremely effective in defining high pyrite content

portions of the conglomerate. Best results included an average grade of 451 ppb

Au from twelve samples collected over a fifty meter exposure of the

conglomerate, with high values to 2.20 gpt Au, and seven meters averaging 1.42

gpt Au, with a high individual meter channel carrying 7.03 gpt Au.

During 2000, Tenajon briefly re-assumed operatorship, and planned to

assess the southern portions of the property for PGE potential. That work was

never carried out. Due to depressed metal prices, the property was allowed to

lapse in 2004, and was acquired by the current property owners.

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In July, 2006, Endurance Gold Corporation completed a single 18 meter

diamond drill hole on Claim 3011983. The hole was designed to approximately

duplicate a 1956 drill hole by Pickle Crow Gold Mines, which was exploring the

area for uranium. That hole indicated that the basal conglomerate was in excess

of 100 meters thick, and Endurance had planned a 150 meter diamond drill hole

to provide a complete stratigraphic column cutting through the basal

conglomerate, with corresponding continuous geochemistry. Unfortunately, due

to extremely difficult overburden conditions, the hole failed to reach bedrock, and

was abandoned after six days of drilling.

Also in July, 2006, Endurance Gold Corporation completed a 2500 meter

mechanical stripping, washing, and channel sampling program at three locations,

to evaluate IP anomalies generated as a result of the 1998 Triex work. That

program was of a reconnaissance nature, and took place immediately off of the

then property boundary. On receipt of results, Endurance staked 8 additional

claims to cover the prospective stratigraphy. Results from the July 2006 program

included a channel sample returning 3.52 gpt Au over 13 meters, with

widespread anomalous gold values from the exposed basal conglomerate. In

October, 2006, Endurance completed an additional 900 square meter stripping,

washing and channel sampling program, as an extension to the July, 2006

program. That work has been filed for assessment (McIvor, 2006).

Also in 2006, Katrine Exploration and Development was contracted to cut

a 20.96 line kilometer grid on the property. In late October, Larder geophysics

Ltd. was contracted by Endurance to complete a detailed ground magnetometer

and VLF-EM survey over that grid, and that work was subsequently filed for

assessment (Ploeger, 2006).

In April, 2007, Endurance Gold Corporation completed a 17.5 line-

kilometer Induced Polarization Survey over portions of the property (McIvor,

2007). That work successfully identified numerous strong I.P. chargeability highs,

believed to coincide with significant pyrite concentrations within the basal

conglomerate horizon, and with gold mineralization related spatially with the

pyrite.

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During the period May 15 through June 22, 2007, a 23.0 line-kilometre

geological mapping and prospecting program was carried out on portions of the

Pardo Property (Cullen and McIvor, 2008). Mapping consisted of walking cut-grid

lines, and noting all outcrop locations and lithologies, as well as relevant sulphide

content. Systematic grab sampling was completed on outcrops containing any

appreciable sulphide content. A total of 121 samples were collected during the

program. The mapping program primarily encountered three basic lithological

types. Most prevalent was a poorly sorted, matrix supported basal conglomerate

believed to be a member of the Mississagi Formation. This lithology, the host to

previously defined gold anomalies on the property, contained variable sulphide

content, from nil to in excess of 5% in places. Typically, a higher sulphide

content, and increase in the percentage of quartz clasts in the conglomerate, is

empirically related to significantly anomalous gold values, and these parameters

were noted during mapping. Also encountered during the program were

stratigraphically higher sequences of sandstone/quartzite, which typically were

not mineralized. The third lithological type encountered during mapping was a

siltstone-argillite, believed to be Archean in age and typically located immediately

beneath the basal conglomerates. In numerous instances, the stratigraphic

relationships between the three units were unclear in the field, due to insufficient

vertical outcrop exposure. The overlying sandstone/quartzite unit was often

similar in appearance to the underlying siltstone/argillite unit, and differentiating

the two was difficult. As such, at many locations on the enclosed map, the two

units are described but undifferentiated as to stratigraphic position and age.

For the most part, the encountered sedimentary strata were flat lying to

very gently dipping in both east and west directions, suggesting a gently

undulating paleotopography. Of the 121 samples collected during the program,

28 returned significantly anomalous gold values in excess of 100 ppb. Of those

28 samples, 6 returned gold values of between 100 and 500 ppb, and 1 sample

returned a value in excess of 1,000 ppb (Sample 343555, with 1,880 ppb Au).

Most all the significantly anomalous gold values were from pyritic conglomerate,

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though one sample of quartzite (Sample 343732) in the Tee Lake area returned a

gold assay of 528 ppb Au.

During the period July 15 through August 15, 2007, a 56 hole, 653 metre

diamond drilling program was carried out on portions of the Pardo Property. All

56 holes were drilled on Claim 4202512, to test strong Induced Polarization

chargeability anomalies in the immediate vicinity of surface channel sample

results of 3.52 gpt Au over 13 metres, in the Trench 2 area of the property. All

holes were vertical, and designed to drill through the basal conglomerate horizon

into Archean basement metasediments. The close spacing of the holes was

designed to provide detailed information regarding the distribution of gold

mineralization within the conglomerate in the third (vertical) dimension, and allow

correlation between surface channel sample results and grade in drill core.

Most all holes drilled in the Trench 2 area encountered variable

thicknesses of the targeted pyritic quartz pebble dominant basal conglomerate,

before penetrating the underlying Archean metasedimentary stratigraphy

(argillites-siltstones). In certain lower lying areas (Holes 15, 43 and 56) the drill

holes collared into basement rocks, with no conglomerate horizon present.

During the period May 25 through July 07, 2008, a 41 hole, 979.5 meter

diamond drilling program was carried out on portions of the Pardo Property. The

holes were drilled on claims numbered 3009440 (Holes 70, 72 through78, 80

through 83), 4202512 (Holes 11 through 29), 4202513 (Holes 09,10) and

4202514 (Holes 01 through 08), and were designed to test a series of strong IP

chargeability anomalies and/or strong surface gold values in the target

conglomerate horizon over a large portion of the property, as a follow up to the

2007 diamond drilling program.

In 2009, Mount Logan Resources Ltd., a subsidiary of Ginguro Exploration

Inc., carried out a reconnaissance mapping and prospecting program collecting

370 grab samples that contain up to 72.2 gpt Au. This program generally

identified the distribution of major rock types exposed in the property, and

confirmed that basal pyrite quartz pebble conglomerates of the Mississagi

Formation locally contain appreciable gold mineralization. In addition, five 500-

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pound bulk samples were collected using controlled explosives. These samples

were metallurgically tested, indicating an average head grade of 2.0 gpt and 94%

gold could be recovered (Ginguro Exploration Inc. April 11, 2010 press release).

The result of this test is positive.

A 51 km cutline grid was also made by Mount Logan in 2009, which was

investigated by a ground magnetometer survey. Magnetic highs were noted in

the northwestern portion of the surveyed grid, which is interpreted to be resulted

from the Nipissing diabase 15

and/or gabbro dykes. However, no magnetic anomalies related to basal

conglomerates were picked up. An IP survey on the same grid was carried out,

and identified 35 anomalies. Some of these IP targets were drilled by a diamond

drilling program during July 29 through August 20, 2009, which consisted of 17

holes totaling 742 metres. Significant gold mineralization intervals were

intersected in 14 holes, and a large gold nugget was recovered at the depth of

41.46 meters from borehole PD-09-09. The drilling program led to realizing that

some of the IP anomalies reflect structures or diabase dykes.

In 2010 from may 10th to October 7th, Mount Logan Resources Ltd., a

subsidiary of Ginguro Exploration Inc., carried out a detailed geological mapping

program supported by an extensive reconnaissance geological mapping and

prospecting to better understand the stratigraphy, sedimentology and structures

of the Huronian Supergroup that exposes within the Pardo property with an

objective of definition of drilling targets. The mapping program covered all

existing cutlines, and a new 77.33 km grid of cutlines to provide a series of

geological maps. A drilling program consisting of 139 diamond drill holes totaling

4772.67 meters has also been completed.

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7. Mapping and Sampling

After the staking campaign was initiated a mapping and sampling

campaign looking to understand the stratigraphy, sedimentology and structures

of this area to program was undertaken, in advance of a future drill campaign.

Previously were studied the topographic and geological maps to decide

which could be the best approach to initiate the tasks.

More than 50 outcrops of conglomerates and sandstones of the Mississagi

Formation were mapped. Most of the outcrops have NE/SW directions with a

gently dip to NW. In the area there are outcrops up to 200m long and 20m high.

The sandstones are pale to medium grey, medium to coarse grained with

more than 90% of quartz. Some of the sandstone outcrops have pebbles that

vary from less than 1cm to 6cm.

The conglomerates are pale to medium gray, matrix supported (medium

grained) and have pebbles up to 6cm.

Not all the outcrops were sampled and are shown in the map, but only

those who have interesting aspects towards gold prospection based on our

previous works in the surrounding areas.

The claims (4268004, 4268005 and 4269673) were sampled (Table 2). All

the outcrops mapped were parts of the Mississagi Formation (sandstones and

conglomerates). Most of the samples are channel samples. In some cases the

pebbles accumulations and their variations (in size and composition) were

sampled.

Sample

Number Name East North Claim Sampled

L752615 1 556300.92 m E 5177970.09 m N 4268004

L752616 2 556300.92 m E 5177970.09 m N 4268004

L752617 3 556300.92 m E 5177970.09 m N 4268004

L752618 4 556300.92 m E 5177970.09 m N 4268004

L752619 5 556300.92 m E 5177970.09 m N 4268004

L752621 6 556300.92 m E 5177970.09 m N 4268004

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L752622 7 555063.88 m E 5177999.74 m N 4269673

L752623 8 555063.88 m E 5177999.74 m N 4269673

L752624 9 Out of the propery Does not count

L752625 10 555460.78 m E 5178029.40 m N 4269673

L752626 11 556300.92 m E 5177970.09 m N 4268004

L752627 12 555708.66 m E 5178092.70 m N 4268005

L752628 13 555460.78 m E 5178029.40 m N 4269673

L752629 14 555423.11 m E 5178015.27 m N 4269673

L752630 15 555423.11 m E 5178015.27 m N 4269673

L752631 16 556300.92 m E 5177970.09 m N 4268004

L752632 17 556300.92 m E 5177970.09 m N 4268004

L752633 18 555423.11 m E 5178015.27 m N 4269673

L752634 19 556300.92 m E 5177970.09 m N 4268004

L752635 20 556300.92 m E 5177970.09 m N 4268004

L752636 21 Top 556300.92 m E 5177970.09 m N 4268004

L752637 21 Bed 556300.92 m E 5177970.09 m N 4268004

L752638 21 Bottom 556300.92 m E 5177970.09 m N 4268004

L752639 22 556300.92 m E 5177970.09 m N 4268004

Table 2 – Samples List

DATE STAFF WORK PERFORMED CLAIM

15-Nov

P. Olivier Mapping, sample preparation

4268004 W. Whymark Prospecting

M. Bridge Prospecting, circular saw operator, sample cutting

16-Nov


4268004 W. Whymark Prospecting


19-Nov P. Olivier Mapping, prospecting, sample preparation

4268004 M. Bridge Prospecting, circular saw operator, sample cutting,

20-Nov P. Olivier Mapping, prospecting, sample preparation

4268004 M. Bridge Prospecting, circular saw operator, sample cutting

21-Nov P. Olivier Mapping, prospecting, sample preparation 4268004 M. Bridge Prospecting, circular saw operator, sample cutting

22-Nov P. Olivier Mapping, prospecting

4268005 M. Bridge Prospecting

23-Nov P. Olivier Mapping, prospecting

4269673 M. Bridge Prospecting

DATE STAFF WORK PERFORMED CLAIM


W. Whymark Prospecting



W. Whymark Prospecting


Andy Bite Supervision

P. Olivier Mapping, prospecting, sample preparation

M. Bridge Prospecting, circular saw operator, sample cutting,








P. Olivier Mapping, prospecting

M. Bridge Prospecting








P. Olivier Mapping, prospecting, report preparation







M. Bridge Recon for a best place for the drill road


P. Olivier Report Preparation


20-Nov

4268004

4268004

30-Nov All CLAIMS

15-Nov 4268004

16-Nov 4268004

19-Nov

21-Nov 4268004

22-Nov 4268005

23-Nov 4269673

29-Nov All CLAIMS

26-Nov 4269673

27-Nov All CLAIMS

28-Nov All CLAIMS

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Figure 4 – Samples Locations

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Figure 5: Detailed Position Of the Samples1,2,3,4,5,6,11,12,20,21 and 22 (1:5000)

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Figure 6: Detailed Position Of the Samples1,2,3,4,5,6,11,12,20,21 and 22 (1:5000)

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8. Assay results

Sample

Number Name Description Au g/T

L752615 1 Sandstone with small pebbles 0.78

L752616 2 Top of the pebble bed (with a 10cm pebble layer) 2.2

L752617 3 2nd pebble bed with bottom contact 1.12

L752618 4 Sandstone layer under pebble bed 0.116

L752619 5 Thick black layer at the bottom of the bed 0.093

L752621 6 Thin black layer with pebble bed 1.18

L752622 7 Pebble bed in Mississagi Sandstone 0.905

L752623 8 Pebble bed in Mississagi Sandstone 0.639

L752625 10 Bottom channel from the field (Sandstone) 0.041

L752626 11 High scintilometer reading channel (first layer) top of the

Outcrop 0.139

L752627 12 Conglomerate sample with pebbles from 1 to 4,5cm 0.96

L752628 13 Sandstone sample with small pebbles 0.058



L752631 16 Sandstone from the border of the lake 0.244




L752635 20 Top of the pebble bed (with a 10cm pebble layer) 0.697

L752636 21 TOP Second layer of pebble (middle layer) Sandstone with

pebbles 1.05

L752637 21 BED Second layer of pebble (middle layer) Sandstone with

pebbles 5.71

L752638 21

BOTTOM

Second layer of pebble (middle layer) Sandstone with

pebbles 0.659

L752639 22 sample from the water 0.249

Table 3: Assay results with descriptions

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9. Conclusions

Based on the procedures and on the outcrops that were seen (and

remembering that it is only the beginning of this new project), the claims area (in

the north portion) are composed by Mississagi sandstones and conglomerates

that hold a good amount of pebbles and a considerable amount of sulphides

(1%). Sulphides are commonly good pathfinders for gold in this particular area.

Based on the results of this analysis, we concluded that the pebble beds in

the Mississagi Sandstone holds potential for gold, despite of the position or the

size of the pebbles in the sequence. This will contribute to our understanding

about the channeling directions, size and length in the Mississagi Formation.

10. References

Bruce, E.L. 1932: Geology of the Townships of Janes, McNish, Pardo and

Dana; Ontario Department of Mines Volume 41, Part 4, p.1-28, Accompanied by

map 41f, scale 1 inch to ½ mile.

Cullen, D. and McIvor, D.F. 2008: Report on the Summer 2007 Mapping

and Prospecting Program on the Pardo Property, Pardo and Clement Townships,

Sudbury Mining Division, Ontario; Endurance Gold Corporation Assessment

Report (Number and Acceptance Pending).

Dressler, Burkhart O. 1979: Geology of McNish and Janes Townships,

District of Sudbury; Ontario Geological Survey Report 191, 91 p., Accompanied

by Map 2425, scale 1:31,680.

Easton, R.M., 2007. Precambrian geology, Crerar – River Valley area;

Ontario Geological Survey, Preliminary Map P.3578, scale: 1:50,000.

MacVeigh, E.A. 1956: Report on the Geology of the Pickle Crow Gold

Mines Property, Pardo Township, Temagami Area, Ontario; Pickle Crow Gold

Mines Internal Report.

McIvor, D.F. 2006: The Results of a July, 2006 Diamond Drilling Program

in Pardo Township, Sudbury Mining Division, Ontario; Endurance Gold

Corporation Assessment Report 2.33271.

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McIvor, D.F. 2006: The Results of an October, 2006 Mechanized

Stripping, Washing and Channel Sampling Program on Claim 4202512 in

Clement Township, Pardo Property, Sudbury Mining Division, Ontario;

Endurance Gold Corporation Assessment Report W0670.01904.

McIvor, D.F. 2007: The Results of an April 2007 Induced Polarization

Geophysical Survey on the Pardo Property, Pardo and Clement Townships,

Sudbury Mining Division, Ontario; Endurance Gold Corporation Assessment

Report (Pending Acceptance) W0770.02268.

Ploeger, C.J. 2006: Magnetometer and VLF Surveys Over the Pardo Gold

Project, Pardo and Clement Townships, Ontario; Larder Geophysics Ltd.

Assessment Report Q0670.01901.

Stockwell, C.H. 1964: Fourth Report on Structural Provinces, Orogenies

and Time Classification of the Canadian Precambrian Shield; p.1-21, in Age

Determinations and Geological Studies, Part II, Geological Studies, Geological

Survey of Canada, Paper 64-17, 29 p.

Van Schmus, W.R. 1965: The Geochronology of the Blind River-Bruce

Mines Area, Ontario, Canada; Journal of Geology, Volume 73, Number 5, p. 755-

780.

Van Schmus, W.R. 1976: Early and Middle Proterozoic History of the Great

Lakes area, Noirth America, Philos. Trans. R. Soc. London, Ser. A, 280: 606-

638.

11. Costs Statement

The total costs of $18,216 incurred on the claims of 100% owned by

Mount Logan Resources Ltd. are broken down in terms of work type, associated

costs, and other items (Table 5).

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Items Unit of Work Costs/Unit of Work Costs

ALS Chemex Invoices Assay 73 $1,748.00

Field Staff $6,825.00

Supervision (Andy Bite) Day 750 $8,250.00

Truck Rentals Day 86.2 $1,293.00

Fuel $100.00

Total $18,216.00

Table 5: Costs Statement

11. Certificate of Author 1) I am currently hired as Exploration Geologist by Ginguro Exploration Inc., 101-957 101-957 Cambrian Heights Drive, Sudbury, ON P3C 5S5 2) I graduated with a B.Sc. Geology from Universidade Federal de Pernambuco – Brazil (2002-2007). 3) I am member of the Ordre des géologues du Québec (OGQ), Registration Number 1439 (since April 2010). 4) I have worked as a geologist for almost 5 years since my graduation from University. 5) I have been working on with the (Pardo) properties since September 2011. 6) I am not aware of any material fact or material change with respect to the subject matter of this report, the omission to disclose which makes this report misleading. 7) As of the date of this certificate, and to the best of my knowledge, information and belief, the Assessment Report contains all scientific and technical information related to the program here-in described.

Dated this March 22th, 2012

Signed

____________________________

Patrick Olivier

Al~ Canad.t Ltd.

2 I 0 3 Oullartun Hwy North Vancouver BC V711 OA 7 Pho ne· 604 984 0221 Fax- G04 984 0 2 18 www.alsglobal. com

minerals CERTIFICATE 501123 7343

Project:

P.O. No.: This report is fo r 21 Rock samr>les submitted to our lab in Sudbury, ON, Canad a on 15- NOV- 2011.

The followi ng have access to data associated with th is cert i f ica te:

~OUNT LOGAN/GINGUHO WEnKIEV WINSTON WHYMARK ANDY BITE I NATHAN GI.ENTWORTH I PA !'lUCK OLIVI[ K

To MOUNT LOGAN RESOURCES LTD. ATTN: PATRICK OLIVIER 101-957 CAMBRIAN HEIGHTS SUDBURY ON P3C 5S5

To MOUNT LOGAN RESOURCES LTD. 101-957 CAMBRIAN HEIGHTS SUDBURY ON P3C SSS

Page: 1 Finalized Date : 30- NOV-2011

This copy reported on 20- MAR-2012

Account: MNTLGN

SAMPLE PREPARATION ALS CODE DESCRIPTION

WEI-2 1 Received Sample Weight LOG- 22 Sample login - Red w / o l.larCode CRU -3 1 Fine crushin9 - 70% <2mm PUL- QC Pulverizing QC Tes t SPL- 2 1 Spli t sam ple - r iffle splitter

PUL-3 1 Pulverize split to 8 5% <75 um

ANALYTICAL PROCEDURES ALS CODE DESCRIPTION INSTRUMCNT

Au- AA 24 Au SOg rA AA finish AI\')

ME-ICP4l 3 5 Element Aqua Regia ICP- AES ICP· AES

This i s the Final Report and supersedes any prel im inary report w ith this certificate number. Results apply to samples as sub mitted . Al l pages of this report have been checked and app roved for release. Signature: ~~,____------

Colin Ram shaw, Vancouver Laboratory Mana9er

L lU3 Dollar tOll l l \·vy Nt>l th V<-!IKOliVCI BC V7 J I 01\7

Plu) rl t~ b04 ~) 8 4 0 /.'1 f~ ax h0'~ ~Jt$4 Ot. l a WW\V. ct i~ ~Jinba i .ronl

To: MOUNT LOGAN RESOURCES LTD. 101-957 CAMBRIAN HEIGHTS SUDBURY ON P3C 555

Page: 2 ·- B Total# Pages : 2 (A -C)

Finalized Date : 30-NOV-2011 Account: MNTLGN

nlinr.rals [ -- ---.. - CERTIFICATE OF ANALYSIS 5011237343

Sample Description

- -· I 7 '\!.t> IS t / 5 26 l iJ

I 1 ',2~ 1 i {.7)261~

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Method Analyte

Units LOR

fv\l: - 1! t'·li

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r-,-~-,..,,-LJ..,\.,.o ___ .. ___ . _ ____ _ -----_1-o- ---,-.. -~ ----o"'.3_b ____ :"'o·----,,.., . .,.J.,.9--- -1-2\J---- ,-,----.,-u"'o_l. -----~.-., -----~ :iu- -----;,-·o ____ o"'.2_5 _____ <_2------.~----,-----1

11'>2G.ll ·- IO <1 021 -10 039 132 <~ <00 1 :J 5 1•10 2·1 o.n <~ '- l 1/S?,u.Jl < If• •.) O.:JI 10 O •lli 1•\1 ..:001 42 1 /0 (, 02? -; £ <"I

Lh/633 <10 <1 ld~ 10 O. c>2 l W <1 <0 .01 24 1<10 2 U 0\J '-.~

t 7'>? fi 'l4 ' -10 < 1 0.3•1 10 OA4 131 <'l <0 .01 2l ·1<10 2 01:1

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/ J 0 ~ IJnii ."H ro n !1wy North Va m ouve l ti l. V 711 01\/

Ph o ne. l>04 <J/! 4 U2 2 I ~ a.c o04 YH4 Ol' ~ www . ~tl sg l obJ I. co rn

To: MOUNT LOGAN RESOURCES LTD . 101-957 CAMBRIAN HEIGHTS SUDBURY ON P3C 555

L CERTIFICATE OF ANALYSIS

Page: 2 - C Total # Pages: 2 (A - C)

Finalized Date: 30-NOV--2011 Account: MNTLGN

5011237343 ,---------- ----------;r-------------------------------·--·-- ----·--------=~:-=====-===========================================~

Sample D;,scription

I 7'>1. b1 )

ll~2b l6 11 ~ 2(; 1 7

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l 7 ')2 6 ;.-()--·

L752U! l L752L2t L7>Lb2J 1. 7 ';2624

L/52025 1. 1'>262(;

11'>2627 I i)767R I 7')2hlc.;

L /~lfdO

L7'd(d I L752U'J2 I 752li.!:l L7SlGJ4

L I>2GJ ~

Method Analyte

Units LOR

r .. H:- ll.P4 t Mt. ·i<Y41

lil i•

~·lpfll

;.'0 0 0 1

20 l'-05 <20 O.Ofi <:!0 O.IJB

<<O 0 05 <?O oml ...:20 <0.0 1

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<l(J 54 <:iO 0 .02 <10 <10 l> <.,;JtJ :·s1 ·~io 0.1 1 <10 < 10 :l:s <10 43 -=:t.O ll 01 <10 < Hi •I ~1(1 55 <-20 o.u:J < 10 10 li <10 I J </ 0 0 .0·1 <1(1 <10 G <10 1·1 <' ~IJ ll.ll3 <10 <10 ti <Hi n <2U 0_ 1)7 < 10 1() (j <Ill 1(i

? 1 ().'! llnllarton I !wy North \la n<nuve ' BC V/ H 0/\/' l'hnne . b04 •JX•i 0221 Fax. fi04 984 02J8 www .• tlsgloba l.tum

minerals

L CERTIFICATE 5011241836

Project :

P.O. No . nns report is for 4 Ro(k sarnpl es submit ted tu our lab in Sudbury, ON , Canada on n ·NUV- 20 J l.

The following have access to data assoc iated with thi s ce rtificate :

10UNT I OCAN/CINCURO WI~ I Rli.V WIN S I Oi-l WHYMARK ANDY mn I NA I HAN GLt:NTwo1n 11 1 PATRICK ouv1cK

To MOUNT LOGAN RESOURCES LTD . ATTN: PATRICK OLIVIER 101-957 CAMBRIAN HEIGHTS SUDBURY ON P3C 555

I o MOUNT LOGAN RESOURCES LTD. 101-957 CAMBRIAN HEIGHTS SUDBURY ON P3C 555

Page : 1 Finalized Date : 26-NOV-2011

This .;:opy reported on 20-MAR-2012

Acco unt: MNTLGN

r-------------------------------------------·----------f---------S=-A_M~PLE PREPARATION

1\LS CODE

WEI-Ll LOC22

UUJ1 l I'UL · QC

SP I. · 21 PUL 31

Dl'SCIUf'TION

Received Sample Wetght

SJmple login ·· Red w/o BarCod e

l'me crushmq .. 70% <2m m

l' ulv eri zing QC Test

Split sa111p le - riffle sp litter

Pulveri ze spl1t to tl5% <75 um

-----------------------------------------------------~ ----- -------------------------------ANALYTICAL PROCI::lJURES

-----------------~ 1\LS CODE DESCRIPTION INSTRUME NT

Au-AA24 Au 'iOu I 1\ AA fini sh AAS L_ _____________________________________________ .. , __ _

Thi s is tile cin <tl Repo rt and supersedes <1n y prel1rninary report w tlh this ce rtificate.. nurnb er. Res ul ts apply tu samples as submi tted . All pages o f this report have be~:n checked ancl approved for re lease. Signature:

Nace rc~ AmMa, Laborato1 y lvl a n ~ver, Vdi d'Or

2HH IJoi iMton Hwy Non lr V<tnco u vt~ r BC Vlli uA/ Pho11e ti 0·1 'Jil4 on 1 f dx· <•O•I 9~ <1 Qi I ll www.a ls gl oba l. com

minerals

lo MOUNT LOGAN RESOURCES LTD. 101-957 CAMBRIAN HEIGHTS SUDBURY ON P3C SSS

Page:2 - A Total# Pages : 2 (A)

Finalized Date : 26 ·NOV-2011 Account : MNTLGN

~ ------ ---CERTIFICATEOF-ANALYSIS SD11241836 __ ] ,-------------,----------- ·------·---·-------·--'===================================================::::::::

Method W(l - .~; Au -AI\.: 4

Analyte rl ccvcJ Wt . Au

Sample Description Units kg Pi>llt

LOR vo;; o.uu~

- · L7'iL6 l G 0.50 i. ll~)[J

1./ '..i?t, J7 1. 2:> 5 .7 1

L7'iL ti18 0 .5{; 0.65t.

L7'ii.Ed 'l 1.32 0 2,10

~~ Phone: 604 984 0221 Fax: 604 984 0218 www.alsglobal.com

minerals

Certificate:

Sample Type:

Account:

Date :

Proiect:

P.O . No.:

Quote:

Terms :

Comments :

BILLING INFORMATION

SD11241836 Rock MNTLGN 26- NOV- 2011

2011 PRICING

Due on Receipt

To: MOUNT LOGAN RESOURCES LTD. ATTN: NATASHIA MILLER 101- 95 7 CAMBRIAN HEIGHTS SUDBURY ON P3C 555

Please Remit Payments To :

ALS Canada ltd. 21 03 Dollarton Hwy North Vancouver BC V7H OA7

Cl

QUANTITY

1 4

6.63 4

INVOICE NUMBER 2462676

ANALYSED FOR UNIT CODE DESCRIPTION PRICE

BAT-01 Administration Fee 31.50 PREP- 31 Crush, Split, Pulverize Rush Charges X 2.0 14.20 PREP- 31 Weight Charge (kg)- Crush, Split, Pulverize Rush Ch< 1.30 Au-AA24 Au SOg FA AA finish Rush Charges X 2.0

SUBTOTAL (CAD)

R100938885 HSTON

36.40

$

$

TOTAL PAYABLE (CAD) $

TOTAL

31.50 56.80

8.62 145.60

242.52

31 .53

274.05 =====

Payment may be made by: Cheque or Bank Transfer

Beneficiary Name: ALS Canada Ltd. Bank: Royal Bank of Canada SWIFT: ROYCCAT2 Address: Vancouver, BC, CAN Account: 003-00010-1001098 Please send payment info to [email protected]

21 03 Dollarton Hwy North Vancouv~r BC V7H OA7

1 o: MUUN I LOGAN RESOURCES LTD. 101 - 957 CAMBRIAN HEIGHTS SUDBURY ON P3C SSS A Phon~: 604 984 0221 Fax: 604 984 0218 www.alsglobal.com

minerals

Certificate:

Sample Type:

Account:

Date:

Proiect:

P.O. No. :

Quote:

Terms:

Comments :

BILLING INFORMATION

SD11237343 Rock MNTLGN 30- NOV- 2011

2011 PRICING

Due on Receipt

To: MOUNT LOGAN RESOURCES LTD. ATIN: NATASHIA MILLER l 01-957 CAMBRIAN HEIGHTS SUDBURY ON P3C 555

Please Remit Payments To :

ALS Canada Ltd. 2103 Dollarton Hwy North Vancouver BC V7H OA7

Cl

INVOICE NUMBER 2457350

ANALYSED FOR QUANTITY CODE DESCRIPTION

BAT- 01 Administration Fee 21 PREP- 31 Crush, Split, Pulverize Rush Charges X 2.0

31.31 21

PREP- 31 Au-AA24

Weight Charge (kg) - Crush , Split, Pulverize Rush Ch< Au 50g FA AA finish Rush Charges X 2.0

21 ME-ICP41 3 5 Element Aqua Regia ICP- AES Rush Charges X 2.0

21 GE~01 Aqua regia digestion

p·~· · ·~ ' ---- ------==:J ·Ec Tv·E or

' . : NOV 3 0 20 11 I L~~I~~~io6's-l I~¥~ _ _L,_. __ ~_:-\ -_ _J

Rush Charges X 2:0

,--,

::>Nov sojt1

SUBTOTAL (CAD)

Rl00938885 HSTON

UNIT PRICE

31.50 14.20

1.30 36.40 14.20 7.00

$

$

TOTAL

31.50 298 .20

40.70 764.40 298.20 147.00

1,580.00

205.40

TOTAL PAYABLE (CAD) $ 1,785.40 ==:::::i:::==

Payment may be made by: Cheque or Bank Transfer

Beneficiary Name: ALS Canada Ltd. Bank: Royal Bank of Canada SWIFT: ROYCCAT2 Address: Vancouve r, BC, CAN

'Account: 003-00010-1001098 Please send payment info to accounting [email protected]

/

Qty

4 5 4

BITE GEOLOGICAL LTD- A.BITE, P.GEO.

144 Kuusisto Road

Sudbury, ON P3E 4N1 705-694-5646 [email protected]

Mount Logan Resources Ltd Natasha Cashmore 101-957 Cambrian Heights Drive

. Sudbury ON P3C 555

Description

November 1~.@,>®2011 Novemeber@)~~~@ 2011 Novemer@'~December 1 2011

:~[}.cb/11~2 ~----1 [RECE!VEDI i ,. •· '. '• / cr1'j I

Uc.l 1! . ·-- \

i ~ ' -- 4 [ACCT IJ.aS_2:; -:_1:(djQj t~s-d_11.d-~.]~,~\- 0 .

HST (ON)@13.0'/'o Total Tax

GST 10053 0666 RT 0001

.. -

06/12/2011 11 19

Invoice

Rate Amount

750,00 3,000.00 750.00 3,750.00 750.00 3,000.00

Sales Tax Summary

1,267.50 1,267.50

Total $11.017.50

·- --- .... _____ ., .

f ENTERPRISE RENT- A-CAR CANADA LIMITED GST#88936S821, 900 KINGSWAY, SUDBURY, ON P3B2E4 (705) 675-3227

RENTAL AGREEMENT 548304

REF# SUMMARY OF CHARGES

RENTER GINGURO, EXPLORATION

DATE & TIME OUT 16/ 11/20 11 08 :00AM DATE & TIME IN 19/ 12/20 11 03:10PM

BILLING CYCLE 24-HOUR

1VX486

VEH #1 2011 FORD FlSC SLT4 VIN# 1FTFW1EF4BKD58527 LIC# 5527ZV KM DRIVEN 3450

BILL TO ACCOUNT GINGURO EXPLORATION ATTN: UNKNOWN 101-957 CAMBRIAN HEIGHTS SUDBURY, ON P3C 555

Charge Description

TIME & DISTANCE TIME & DISTANCE REFUELING CHARGE

Taxes & Surcharges HARMONIZED SALES TAX VLF REC

Bill-To I Deposits

GINGURO EXPLORATION TIME & DISTANCE REFUELING CHARGE HARMONIZED SALES TAX VLF REC

Total Amount Due

PAYMENT INFORMATION AMOUNT PAID TYPE

Date

16/11 - 16/12 16/12 - 19/12 16/11 - 19/12

16/ 11 - 19/ 12 16/ 11 - 19/ 12

16/ 11 - 19/ 12 16/11- 19/ 12 16/ 11 - 19/ 12 16/11 - 19/ 12

Quantity Per 1 MONTH 4 DAY

Subtotal :

34 DAY Total Charges:

1 MONTH

1 PERCENT 34 DAY

Subtotal:

Rate

$1,085.00 $58.00

Total

$1,085.00 $232 .00

$0.00 $1,317.00

13% $175 .63 $1.00 $34.00

$1,526.63

13%

-$1,526.63

$0.00

$1,526.63 American Express CREDIT CARD NUMBER xxxxxxxxxxxx2002 PENDING

~ \ rO 8 ~- ( 08

/. j) d(AfS

- ·- ···------ -·--·

12/19/2011

Expense Reimbursement Form

I Employee:

Winston Whymark I Period: I

. November 1st-31st 2011

Section A -Expenditures Kece1pr

attached Expense HST incl. Item Date Payee Expense description (YiN) Account Account description (calculated) in total Total outlay

1 Nov 1 2011 MNDM Claims tags y 1258-0670 Supplies/consumables 8.16 1.06 9.22 2 •·: 'Nolf·1'2PU · .magsin,duliras v ·gas <:'•{.":, .;,,:,: ' .. >'''--'-.• : !1:7 :·' :' · · y" ., 125l!A0635 .. Ttave.Land Aeco.inmodialion. •35Ao.· · ·,•·-··'4.60'• ' "'•;:·~ .40.00 · 3 Nov 3 2011 magsin dupras gas y 1258-0635 Travel and Accommodation 27.66 3.59 31.25

>-4 . N.ov;:t20H ··ocHrius;;;;'?"~" --,,._ :iirocerie.s' '·.,.,:;·:"'·-e··.w%?";;;··.:,.;':-:O::Cr<.>.:c< ,:"'·. ~v · t- 1258,0670 .. . ;supplfest,ci>nsumables ·-!:· ., •. ·· 98:'60, !';> · .• •.0·6.5) :,~;;~·":' ···: · •,,, 'f'~'; :· j :;'·.;; ""'· • ~:.,, .y.; '"::; 121!6'0635\ : I ti!Vel andAecoi'nmodation••·•· , . ·' . . ·;.:1.7-,.47., :-'·"· .. :f;;;.<2.26,; "'1' ... · 19;73: 7 Nov 7 2011 MNDM Claim recording y 1208-0609 AC Staking 230.73 34.47 265.20

~~s;.; Nov~-·2o1J; ·:sfrelfli<i(''IF·::T~·;;; 'ilfifs' :>;:,~;',:;1~~0· ,_ .. , .• ;.,, , • • ;<~'·";\< ' ;:.:; ,,·.:; . . · :' ~: ·y :<~ .• 12~(!'0.635 ... . :Trave~aod ACc6mm'Odalion· .. , • ; . / · . 9S:S6; :~ •'-· ·~ !12:i{3 : A ':, 108,.01 S Nov 8 2011 magsin dupras field snacks v 1258-0670 Supplies/consumables 8.57 1.12 9.69

<:10'· .. Nov'11 2M1 .:magsitt:-du6ras'f:: ;g'lrs:x:.--tt, .<;. .. - .~7<:1:,~:> .. :: .. -2, i .. t'• .. . ~-~:, :: .. . ,; '·, · v·~ .·< 1256;0670. :. :Travel :and Aecommtii:lation. ··' · ~,., .... . .:.~ :!'::28:21 .. ::"' ; ; ii. 3.66 ., '"'< .. -:,3.f:87, 11 Nov 12 2011 magsin dupras gas v 1258-0635 Travel and Accommodation 4.43 0.57 5.00

' ... -~2.' No'v t 3'.20t ! sl\eW.''" ;'ht~:::::;;c~ ' iia.s ·.: ., ,~. _,_,,;,rv -· " · ·,':·: .·~ ·''':'< · ~ " ;· y ···· ··· 1258' 0635" ·Ti'ilveland.~ecommodation.'., .... : • · . .. : .. J)~; 1·2' ,., ,, · 12.88.; ':f· "·-112.~0'0 13 Nov 14 2011 grey hound samples sent y 1258-0635 Travel and Accommodation 37.04 4.82 41.86

· .1.r·: Noii.i1(20W :;mr:lube --~ " .;.:.t · · oi(.ch'ange "' .<.'fl. ' ,~ ~ -, :':;;) ? · · t ;· :·~L'Y• · ·· 12S8co635; . Travet:anCI A®rnmodatiofl .,, ;: ,,;_, ::L9Ji7z; :::;"~.\\:::6.1'·2' ;·~:,;,·,;,1. ·' 58.4'4.·: 15 Nov 3 2011 auto sports marin outboard motor service y 1258-0635 Travel and Accommodation 32.00 4.16 36.16

"tf>: N6V. SrZ01\1" ·f).)ftle'!fiel[l)renfaP ·saw'liladiF -'l,;c'"'';;.'4fci'·; •:;;; ··:\J·"··~·. ~?:·':;:· •. ·";7-'v:r>·i! -1258~os7o·.: :suili:llieslcons·umables' .. ?:· ··::r:' · :·· .':<'78'47., ::;.p·. •:10.20: · ;,; , ;c;rss:sv 17 Nov 30, 11 WW Personal truck rental@ $50.00.15 days n 1258-0670 Supplieslconsumables 750.00 750.00

· ·t8·. Nov3.0/ 1:1•1! ·ww:.r->_;~ '"'""': QuaitrEintar@.$'25."oo_!~2'tl~y~:'. d~· •x"';;· '" >-n · , 1256-0670: Sl.Jpplies'fco!lsumaoles , ., ,_ • "",,.$?.5;oo·_: .;~·""',. ~- ~-:~· ~:1 ):t::,_.-) .:37-S!O.!t 19 Nov 30, 11 WW Cell phone long distance n 1258-0670 Supplieslconsumables 70.80 9.20 80.00

~·-20,' ' '< "'-''.ii">;'i"·<: ~i;~.i,'~':;,;,;.;..:,~ •. --;.;,..;· r)i'r'.:t,,,,.,,..;.,:;o...,::-r _ .~·' ·::,,·· -- "" · " . , •· · ., o :· ••t··•·-:.v·,o·'> Y •c:-:'!i:- ,::-<'"- l'~"'f'':J."~ t ; 21

.;. ·- ·''· . 23

25

27

29

31

33

35

Total expenses 2,121.50 122.05 2,242.90 Section B -Advance balance Less expense advance ~--~--~~--------------------------------+-----6-<a_ll_<a_nc_e~ rN~et~e~x~p~e~n7s7e~re~i~m~b~u~r~se~m~e~nt~----------------------------+-~2',~24'-2'.~90~ Openning balance Applied againsted expenditures Closing balance

Instructions Enler expense delails in section A (HST in mileage is 131113 of gross allowance)

a. For each item. enter total expense and HST included in total (pre-HST is calcualted)

b. Enter account and sub account (see Seclions D below) under "Account" column

(e.g.,travel costs incurred at Pardo (Optioned) would be coded to 1257-0935)

3 On each receipt. write "Item" number (from leftmost column of Section A)

2 Attach receipts stapled to 8.Sx:11 paper in order they are listed on the expense report

4 Enter expense advance details in Section B. if appHcable

5 If number of items exceeds 36, prepare second sheet for additional items

6 Sign and obtain approval of direct supervisor

7 Submit hard copy and electronic copy for reimbursement

I Employ" ~1gnature I Date

I Date

Section C -Coding (Accounting use only) Account Account name 1258-0670 Supplies/Consumables 1258-0635 Travel and Accommodation 1208-0609 AC Staking

Expense incurred HSTpaid Gross cash outlay Less expense advance Net expense reimbursement

122.05 2,243.55

2,243.55

Section D - Expense account and sub account codes Account number and description Subaccount number and description

1257 Pardo (optioned) 0635 Travellaccomodation 1258 Pardo (staked) 0670 Supplies/consumables 1259 Four Corners 1260 Grigg/Stobie

Jan Resources Ltd.

I Employee:

Patrick Olivier

.ction A - Expenditures

Item Date Payee Expense description 1 Nov~ ESSO Gasoline (personnal car 2 times to the core '2 · rr:fov 22/1 1 ..J ESSO Gasoline (company rental truck) 3 4 5 6 , :><· ' ; ·w :~ '" .. '

7 · . .- ·_,,.

' //• ._., 9

' ' - ~ " ~- ····\· ·,.;. y 11

13 .. , ' .. ' "":;;: . ····~ ·'-- .. ' ,

15 · ... 16.- --· · ... ; ,· . . ;L.;-;:, ·-~ ,, ':'!"

17

.J.~ .• '"; :,.,, - . ~. 19

21

23

25 "26 " '

27

29 ·.·

31 32 33

,;,, . ".

35

Section B- Advance balance ~atance

Openning balance Applied againsted expenditures Closing balance

Instructions 1 Enter expense details in section A (HST in mileage is. 13/113 of gross allowance)

a. For each item, er'lter total expense and HST included in tolal (pre-HST is ca!cualled)

b. Enter account and sLJb account (see Sections 0 below) under ''Account" column

(e.g., travel costs incurred at Pardo (Optioned) would be coded to 1257-0935)

On each receipt, write "Item" number (from leftmost column of Sed ion A)

2 Ahach receipts stapled to B.Sx1 1 paper in order they are listed on the expense report

4 Enter e:.:pense advance details in Section B, if applicable



Submit hard copy and electronic copy for reimbursement

Employee Signature

I "'~""P'N;'"' Signature I Date

Expense Reimbursement Form

r<ecetpt attached

(YIN)

y y

I Period: I Nov 11/11

Account Account description 1258-0635 Travel/Accommodation 1258-0635 Travel/Accommodation

Nov 22/11

Expense (calculated)

35.40 44.25

HSTincl. in total Total outlay

4.60 40.00 5.75 50.00

. ''·.;, ······:: ...•. .,." ........ , .... ,., . ... , ··-::. ~ · '

•.:

·,y • ·•

·.;'

~- . ... .·; '

·., ,_ • ·· >''

,:-. ~-;

Total expenses 79.65 10.35 90.00 Less expense advance Net expense reimbursement 90.00

Section C- Coding (Accounting use only) Account Account name 1258-0635 79.65 " ' ·/,'10.35 9Q.QO

.. . w· .·_,_ ••• '" ' 0

·. .·.

.. : ' '. ' :,~·. '

. Expense incurred 79.65 ' . 10;35 ·90.00 HST paid 10.35 Gross cash outlay 90.00 Less expense adva nee Net expense reimbursement 90.00


1257 Pardo (optioned) 0635 Travel/accomodation 1258 Pardo (staked) 0670 Supplies/comumables 1259 Four Corners 1260 Grigg/Stobie

ESSO EXPRESS PAY Mac's Esso 1883 The ~ingsway Sudbury~ Ontario

Site D: 88888999

AuthD 5437F9-F Inv D PAY48499 PumpD81 REGLR Litres 31.422

@ $1.273/Ltr Fuel $48.88

TL/NoTax Total HST IH FUEL

$48 . 98 $48.98 $4.69

DEBIT ************8249 COMP CHEGUE DATE 11111191 HEUR 87:42:84 NO AUT 5437F9 567263681 -881-269-884-8

A CHAT $48.88

APPROUVEE-MERCI 98 881

LOVALT'i: HO Thank lliou! Have a Nice Day!

ESSO 'EXPRESS PAY _

Mac ' s Esso 1883 The ~ingsway Sudbury~ Ontario

Site D: 88888999

AuthD 23BCC2-F Inv D PAV42838 PumpD81 REGLR Litres 38.793

@ $1.299/Ltr Fuel $48.88

TL/NoTax Total HST IN FUEL

$48.88 $49 . 99

$4.68

DEBIT ************8249 COMP CHEGUE DATE 11111188 HEUR 86:58:96 NO AUT 23BCC2 S67263681-981-?67-884-8

ACHAT $40.88

APPROUVEE-MERCI 88 981

LOVALTV: HO Thank You! Have a Nice Day!

1esources Ltd. Expense Reimbursement Form

!Employee:

Nathan Glentworth I Period: I

• Nov 1oth • Dec 6th, 2011

(I A • Expenditures t'(ece•pt

attached Expense HST incl. ~ Date Payee Expense description (YIN) Account Account description (calculated) in total Total outlay

1 Nov 21, 11 Food Basics Standard Samples BaQs y 1256·0670 Supplies 15.95 2.07 16.02 ., : .• ·y ,:- 1256-;0q3'5 Travel/ Acconiooation :,c. 10:25 . 1.3~ 1l.56 '

3 Nov 26, 11 C.as!cO.. Bottled Water y 1258-0670 Supplies 3.99 0.52 4.51 ,~::ik Nov 29, 11 Pioneer ) Fuel ~ .,. y 1256-0635 Travel/ Accomodation T 44.25 5.75 50.00

5 Dec 2. 11 Sl'll!1T' Fuel y 1258-0635 Travel I Accomodation 46.90 6 .10 53.00 ·.-:s::; 'D.ec.:UJ ::.,Shell..., .... .,. -Fuel - ""_,;;.,;., • . • _.·,. . c;. ,_.;.,"',' Y- 1258-0635 ~ Travel tAcc6mo9atiof'! 66.50 '"1'1.50 . ~00.00 -

7 Nathan 35 km driving Changcheng around n 1258-0635 Travel/ Accomodation 16.73 2.17 16.90 . r· -~

9 .. "• . "i. f) ·- '

11

13 1' -14 ' , .. , .,;..:. - .(

15 - 16 - ···~~--

17 18 19

21

23 . . . .- •-_ .

25

' - ::·. 27

"" · .. ,- . 29

····· 31

33 -;-, .:;;:: ---_ ... ,,_ ... :; ... --.. ·. -~ -,, :> . ~:.:..., .. _ ,.: .... -,_,

35

Section B -Advance balance ljalance

Openning balance Applied againsted expenditures Closing balance

Instructions 1 Enter expense details in section A (HST in mileage is 13/113 of gross allowance)

a. For each item, enter total expense ar.d HST included in :otal (pre-HST is catcualted)

b. Enter account and sub account (see Sections D ~low} under "Account" column

(e.g .. trayel costs incurred at Pardo (Optioned) would be coded to 1257-0935)

3 On each receipt, wrile "Item" number (from leftmost column of Section A)

2 Atlach receipts stapled to 8.5x11 paper in order they are listed on the expense report

4 Enter expense advance details in Section B. ~applicable



Submit hard copy and electronic copy for reimbursement

I Employ" Signature

I o;~" '"P'N'"' Signature

Voru:>n2010.1

I Date

-:·-· .. -- · '-

Total expenses 226.57 29.44 256.01 Less expense advance Net expense reimbursement 255.01

Section C- Coding (Accounting use only) Account Account name •• 0TOtal 1256-0635 206.63 .. ,~ 26:65 .. 23M8\ 1256-0670

. -->

.. -- -: . ' - '

)'- ,,." - '-

Expense incurred 226.57 29;<4-t .. 256;01 . HST paid 29.44 Gross cash outlay 256.01 Less expense advance Net expense reimbursement 256.01


1257 Pardo (optioned) 0635 Travel/accomodation 1258 Pardo (staked) 0670 Supplieslcomumables 1259 Four Corners 1260 Grigg/Stobie

. /'7

1!) SALES AUDIT - TRANSACTION DETAIL

Warehouse: {57 SUDBURY Sales D~te: 11 26{11 Req #: 8 Trans Type: Tender

T~me: 1 :2 Tran #: 43 Tenaer:

IND2172

Total: 106.93 Operator: 19 Block: Member #: 000110197307000 LEVAN

6 MARYBETH

Tax: 4. 17. (TG<X1 3. 4 Tax2 1. 13 Mbr Type: Gold Star

Item Descr~Dt~on Amount 702 OAKRUN~ENGLISH MUF 3/340G 2.99

_2..62...9~---B-ASKET EI I.T.ERS 6 0 o t:l{ 3 . 3 9 ~0 KS SPRING.JIA'I.ER_:UX500 - ·- - --- .-9"""9")

- :.:.~CRE"A.l.'-1 1L . ~~--~-----------z-:--s-9" 1281 1% MILK 4L 4.19

70704 EMMENTAL CHEESE 24/.450G 8.99 88964 BALDERSON 2 YR 12f.750G 1 4 .9 9

274515 FP WHEELIESITREEHOUSE P64 19.99 281121 GAME OF THRbNES BOXED SET 22.59

30669 BANANAS 1.69 173177 SLICED MINI BELLAS 3.99 804449 110Z BABY SPINACH 3.79 864999 FRENCH GREEN BEANS 5.79 878 209 MI~ED GREENS . 3.79

Fl=Help F3=Ex~t F9=RLG F12=Cancel F21=Print Rece~pt

_ _ If_ y ..t..:..-

1 / J

PIONEER ENERGY LP 1050 KINGSWAY BLVD

SUDBURY{ ON. P3B 2E5 (705) 525 4405

DATE: 2011- 11-29 STORE#: 282 'Jaypoint: 01K. HST: R136448016

FUEL

Ti t·1E: 07: r:,,J TRANS #: 13321 0

(l) ($/L) ($) Pump 2 SILVER 40 .129 1 .2£!6 ~ 0.00

TOTAL DUE $ 50.00

:.o.oo * HST I.'lCI_UDEJ IN FUt1 ~:

CHANGE DUE 0.00

Enter Survey Contest www.TellPioneer.com

H - HST ~ 13.0%, F - FHST ~ 5.0%

Units 1 1 1 1 1 1 l 1 1 1 1 1 1 1 +

E

E

D

D

D

D

D

DD

D

D

D

D

D

D

D

4260124269676

42680044268005

1 to 6,11,16,17,19 to 22

12

Silver Lake

Silver Lake

PARDO

555750.000000

555750.000000

556000.000000

556000.000000

556250.000000

556250.000000

556500.000000

556500.000000

5177500

.00

00

00

5177500

.00

00

00

5177750

.00

00

00

5177750

.00

00

00

5178000

.00

00

00

5178000

.00

00

00

5178250

.00

00

00

5178250

.00

00

00

5178500

.00

00

00

5178500

.00

00

00

§1:5,000Scale

Legend

Lakes/Rivers

Streams

New Claims

E Samples

D Outcrops

4268007

4260124269676

42680044269673 4268005

4269674

4269675 4268006

Silver Lake

Tee Lake

30119843011983

1229233

4217733

3011999

4217734

4262087

3017059

3017060

4217748

4251770

1244332

4217743

1244445

4217746

4217729

3011982

1229234

3017085

4267009

3009441

4217750

4267010

4217751

4217742

4217747

1229230 1230038 4266766

4217732

4217735

PARDO

MCNISH

DANAJANES

554000.000000

554000.000000

556000.000000

556000.000000

558000.000000

558000.000000

5174000.000000

5174000.000000

5176000.000000

5176000.000000

5178000.000000

5178000.000000

5180000.000000

5180000.000000§

1:30,000Scale

Legend

Lakes/Rivers

Streams

New Claims

EE

E

E E

D

DDD

DD

D

D

D

D

DD

D

D D

D

D

D

DD

D

D

4268007

4260124269676

42680044269673 4268005

4269674

4269675 4268006

1 to 6,11,16,17,19 to 22

12

14/15/187 / 810 / 13

Silver Lake

PARDO

554500.000000

554500.000000

554750.000000

554750.000000

555000.000000

555000.000000

555250.000000

555250.000000

555500.000000

555500.000000

555750.000000

555750.000000

556000.000000

556000.000000

556250.000000

556250.000000

556500.000000

556500.000000

556750.000000

556750.000000

557000.000000

557000.000000

557250.000000

557250.000000

5175500.000000

5175500.0000005175750.000000

5175750.0000005176000.000000

5176000.0000005176250.000000

5176250.0000005176500.000000

5176500.0000005176750.000000

5176750.0000005177000.000000

5177000.0000005177250.000000

5177250.0000005177500.000000

5177500.0000005177750.000000

5177750.0000005178000.000000

5178000.0000005178250.000000

5178250.0000005178500.000000

5178500.0000005178750.000000

5178750.0000005179000.000000

5179000.0000005179250.000000

5179250.000000

§1:15,000Scale

Legend

Lakes/Rivers

Streams

New Claims

E Samples

D Outcrops

E

EED

D

D

4269676

42696734268005

4269674

14/15/187 / 8

10 / 13

Silver Lake

Silver Lake

PARDO

554750.000000

554750.000000

555000.000000

555000.000000

555250.000000

555250.000000

555500.000000

555500.000000

5177500

.00

00

00

5177500

.00

00

00

5177750

.00

00

00

5177750

.00

00

00

5178000

.00

00

00

5178000

.00

00

00

5178250

.00

00

00

5178250

.00

00

00

5178500

.00

00

00

5178500

.00

00

00

§1:5,000Scale

Legend

Lakes/Rivers

Streams

New Claims

E Samples

D Outcrops

NEW CLAIMS PROJECT 2011 ASSESSMENT REPORT: MAPPING …

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Transcript of NEW CLAIMS PROJECT 2011 ASSESSMENT REPORT: MAPPING …