IRON

Cluster one - Approx. 150km from Kuujjuaq Quebec, 500km south of GLENCORE mines.

Two occurrences 8km apart.

Colline Gossan zones No. 1 and No.2, Located in Quebec, Canada, approximately, 150km West Southwest of Kuujjuaq, Quebec, with no road or rail access, only helicopter access, Official Publication Gouvernment Du Quebec, Ministeres Des Richesses Naturelles, Direction Generale des Mines, Etude Speciale 12, FER EN QUEBEC, IRON IN QUEBEC, Special Study 12, on page 118-119, published in 1971, lists the non-43-101 compliant mineral present as 176620000 tonnes, listed as follows, Gossen Hill no 1 : 114,47 Mt à 24,0 % Fe, 1,50 % Mn et 34,70 % de matières insolubles (insoluble material); Gossen Hill no 2 : 62,15 Mt à 33,0 % Fe, 2,60 % Mn et 34,30 % de matières insolubles (insoluble material), the information is historic and pre-43-101, and cannot be relied on, and is only provided for information purposes. The historic occurrence information and general geology are listed on the GESTIM Online Interactive map, and is listed as a Gite/Deposit with estimated tonnage on the same GESTIM system by the Government of Quebec. Host Geology is listed as Lake Superior Formation. Metallurgy work was completed on this and the occurrence 8km away, listed below. Metallurgy work resulted in a +62% Fe concentrate. A rough costs for a mine, minesite, road and rail, and port build at Kuujjuaq was also completed, considering both this area and the area listed below, both metallurgy report and the rough costs estimate report are pre 43-101 standards.

Colline Old Red (Zones Nos 1 et 2) located 5km South of Colline Gossan zones No. 1 and No.2. Colline Old Red (Zones 1 et 2) are Located in Quebec, Canada, approximately, 155km West Southwest of Kuujjuaq, Quebec, with no road or rail access, only helicopter access, Official Publication Gouvernment Du Quebec, Ministeres Des Richesses Naturelles, Direction Generale des Mines, Etude Speciale 12, FER EN QUEBEC, IRON IN QUEBEC, Special Study 12, on page 122 (sic 118), published in 1971, lists the non-43-101 mineral present as 251803000 tonnes, listed as follows, Old Red no 1 : 150,03 Mt à 24,50 % Fe, 1,52 % Mn et 29,82 % de matières insoluble (insoluble material) ; Old Red no 2 : 101 773 000 t à 32,70 % Fe, 2,21 % Mn et 35,35 % de matières insolubles.(insoluble material), the information is historic and pre-43-101 standards, and cannot be relied on, and is only provided for information purposes. The historic occurrence information and general geology are listed on the GESTIM Online Interactive map, and is listed as a Gite/Deposit with estimated tonnage on the same GESTIM system by the Government of Quebec. Host Geology is listed as Lake Superior Formation.

CLUSTER 2

Lac de l'Hématite-Nord is located in Quebec, approximately 200km South Southwest of Kuujjuaq, Quebec. The only access to the project is by helicopter. The GESTIM Interactive Online Map and GESTIM information lists the Lac de l”Hematite-Nord as Indice Travaille/worked deposit, and lists the non-43-101, occurrences with pre-43-101 vlaue of 36800000 tonnes, tonnes probables (probable), as listed in historic report GM 24336. The host geology is listed as Lac Superieur (Superior Lake) formation. The historic information cannot be relied upon and is only supplied for information purposes.

Lac de L’Hematite Sud, is located in Quebec approximately 7km South of Lac de L’Hematite Nord, with access only available via helicopter. The GESTIM Interactive Online Map and GESTIM online information lists a Report GM 20031 as a source for non 43-101 reported material listed at 87990000 tonnes of probable material. The work and reports are pre 43-101 and only disclosed for information purposes and should not be relied upon.

Lac Junction is located in Quebec approximately 5km east southeast of Lac de L’Hematite Nord. Access is via helicopter. The GESTIM Interactive Online Map and the GESTIM online information lists the report GM 20031 material at 22150000 tonnes, with the work and information predating 43-101 and only supplied for information purposes. The information should not be relied upon.

CLUSTER 3

Lac Irony Located in Quebec, Canada approximately 175km North Northwest of Kuujjuaq Quebec. Access is by helicopter only. The GESTIM Interactive Map Online lists the Lac Irony as a indice travaille/worked deposit, and information lists the historic work has an occurrence with 101800000 tonnes, with Report GM 26883, 1970, reporting the value (pre 43-101), as probables (probable) and lists the following historic grades on the GESTIM information page, 39,60 % Fe soluble et 26,40 % Fe magnétique (teneurs maximales des échantillons analysés). The Lac Irony is also listed in Official Publication Gouvernment Du Quebec, Ministeres Des Richesses Naturelles, Direction Generale des Mines, Etude Speciale 12, FER EN QUEBEC, IRON IN QUEBEC, Special Study 12, on page 119, published in 1971, lists the non-43-101 compliant mineral present as 87,768,760 tons. The information is historic and pre-43-101 standards, and cannot be relied on, and is only provided for information purposes. The historic occurrence information and general geology are listed on the GESTIM Online Interactive map, and is listed as a Gite/Deposit with estimated tonnage on the same GESTIM system by the Government of Quebec. Host Geology is listed as Lake Superior Formation.

HISTORIC IRON MINES

Mine du Lac Jeannine is located in Quebec on Route 389, and approximately 40km south of Lac Aubrey project. The Mine du Lac Jeannine produced approximately 265 million tonnes of iron ore from 1961 to 1976. The information is pre 43-101 standards and cannot be relied upon and is published for information purposes. Champion Iron Limited has ground adjacent, and previously owned the mine titles now owned by TESLA METALS LTD., however Champion failed to file the required work on the titles to maintain the titles so TESLA METALS LTD., filed for title. Also, Arcelor Mittal was awarded the mining rights for iron and manganese from the iron mine tailings pile located approximately 2km from the claim titles owned by TESLA METALS LTD.

Mine Hilton (Bristow) is located in Quebec, off route 148. From 1958 to 1977 the Mine Hilton (Bristow) produced 57,751,000 tonnes of iron ore as reported on GESTIM Online Interactive Map. GESTIM Online Information lists report GM 07632, written pre 43-101 reporting standards and published here only for information purposes, that material present of 43000000 tonnes average grade of 23% Iron.