Reserves and Resources Summary

Reserves and Resources Summary

RESERVES* Lac Herbin(1) Lac Pelletier(2) Snow Lake(3) Total
Proven 10,300 11,914 900 23,114
Probable 20,000 22,966 451,000 493,866
Proven & Probable 30,200 34,897 451,900 516,980
RESOURCES (oz. Au) Measured Indicated M + I Inferred
Lac Herbin(1) 19,900 28,800 48,700 80,500
Lac Pelletier(2) 16,040 61,331 77,372 112,899
Snow Lake (3) 1,000 727,000 728,000 336,700
Total 36,940 817,131 854,072 530,099

*Reserves are also included in Resource values
(1) 43-101 Technical Report on Mineral Reserve Estimate at the Lac Herbin Mine, April 18, 2011 prepared by Austin Hitchins, B.Sc., P. Geo., Audrey Lapointe, B.Sc., P. Geo. and Patrick Sévigny, Ing.,
(2) Feasibility Study – Lac Pelletier Project, June 28, 2010, prepared by Martin Perron, Eng., Marc Lafontaine, Eng., François Chabot, Eng., Pascal Hamelin, P.Eng. dated
(3) Snow Lake Mine Re-activation Project Technical Report NI 43-101, December 10. 2010 prepared by Mr. Andre Roy Eng.