Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Hoov and the boys are visiting GNH today!

What a fantastic trip! The day started with a news release that drilling was proceeding at a break-neck speed. They weren't kidding on that one - the current drill-crew is drilling 1.5-2 holes per day and is working round the clock to accomplish this (two crews working 12 hr shifts each). The hope is that we will be able to retain this current crew for phase II of the drilling to maintain the momentum of this program.

After Frank and Sasha picked us up at the airport we drove immediately to their exploration office in Ste-Justine, a quaint town nestled in the heart of the Southern Townships. The office was immediately next door to the one hotel in town - a bed and breakfast style home where the office was the living room of the family that ran the establishment.

The exploration office was a two-story building on the main drag. The small front entranceway housed numerous shelves (floor to ceiling) that displayed the various rock and mineral types that were found in the Bellechasse-Timmins zones, and of course eight pairs of muddy boots that demonstrated some of the challenges of exploring the Beauce in the Springtime.

The entranceway opened into a giant map room dominated by multiple drafting style tables covered in claim maps that demonstrate the sheer magnitude of the land-holding for this small exploration company. The walls were similarly decorated with maps and models of mineralization and a bookshelf filled with soil gas hydrocarbon data. One of the tables on the left hand side of the room proudly displayed several core samples, some of which contained visible gold. Jim Tilsley met us in the map room and led us upstairs to the second floor where we enjoyed a tasty lunch of cheese, smoked meats, and bagels before departing on our tour of Bellechasse/Timmins.

The site was about a 20 minute drive from the office. The light drizzle of rain didn't dampen our enthusiasm. Jim Tilsley walked us around the site at Timmins T1 and T2 zones including the trench sites used for bulk sampling, followed by the new drill hole collars designed to test the SW extension, and then we moved on to the T5 zone. We could see the quartz veins containing the mineralization as they came to surface on various parts of the property and were allowed to to poke through the trenches to see who would be the first to find gold mineralization first hand (congrats to Sam (Corvette) for that honor).

We walked up the road to the top of a hill on the SE side of the property (Ascot zone) where the drill crew was hard it. We watched them pulling core from a depth of 45m and were delighted to see that we had broken though the sedimentary rock and into the quartz vein believed to host the mineralization in the Ascot. Apparently the highest gold grades are in the quartz that has not broken into the sedimentary rock intrusion but where it remains surrounded by diorite. Thus the depth of the sediment determines how deep you will need to drill to get to good mineralization at each location. Also, the topographic surface of each quartz zone is a bit serpentine in nature coming to surface at some places (ie Timmins 1) and then dipping and diving I was stricken by the number of historical collars in this zone and it was explained to me that there is even historical bulk sampling data from the Ascot zone that was reported in 2007 as the result of hammer drilling along the Ascot vein. Wait a minute - this is great, historical drill results that correlated with soil gas hydrocarbon results - why didn't I catch this earlier?

We next walked over to the "field of dreams" where all of the piles of crushed rock from the bulk sampling are stored. The whole bulk sampling process was explained as we moved past these piles into zone88 (south end of the property) where we were shown another bit of land with acreage similar to Timmins 1-2 that remains to be fully explored in the subsequent drill programs. So it begins to start sinking in - the "zones" as they are referred to are parallel veins of quartz running NE-SW along the lengthwise axis of the claim blocks each ranging in width from 5-50m wide and plunging (according to Tilsley) to depths greater than 1000 m (the maximum depth for economical recovery at these grades). Note - we still need deep drilling to verify this mineralization is found at depth. The amount of gold present on this property (assuming that all of the quartz contains similar grades of gold as Timmins 1/2 and the depths are accurate) is 3-5 million oz. Then we look 8 km to the East toward Laval's mountain and another 20 km to the west and realize that GNH holds all of those claims along the same theoretical strike of these veins/zones. That is when it starts to hit you- the potential magnitude of this play is phenomenal if the mineralization indeed extends along the legth of their properties. We left that afternoon tired and very excited and reconvened at the exploration headquarters for a Tilsley-esque wine and cheese before going off to dinner a a local restaurant. The evening finished with a few late games of pool with our new friends that took some of (present company included) well past our normal bedtime.

The second day was as equally impressive as the first with our first visit to the core shack and core processing warehouse. This was the site of the bulk sampling and all core logging. This operation reflects the care and expertise of Mr Tilsley and his well trained crew. We also watched Tilsley look at some core for the first time. The core in question was taken from a region called the road zone (see SN comments on his reaction). The gist is that there is a new parallel quartz zone with real widths of 35-40 m directly underneath the road between the Ascot and Timmins deposits - a new zone with those widths (if the results show good mineralization) will greatly increase the tonnage in the immediate area of Timmins/Ascot deposit above the predicted levels shown above.

Finally we were taken to prospective claims/anomalies on the more SW portion of their properties and again as we looked back toward Laval's Mountain we were struck by the possibility that these veins may be part of a connected mineralized system. Tilsley admitted that we have no evidence they are not connected. His way of saying "wouldn't it be cool if they are actually are connected (and mineralized)".

We pressed hard on the issues of appointing new directors and I would say this was the only area where the company was not completely transparent on this visit. The discussions amongst ourselves centered around the need for some serious mining types on the BoD to help raise money from the mining community, promote this company within that same community, and help get GNH to the next level. We hope our comments and questions were heard as the constructive criticism as they were intended as we collectively hold a respectable stake in the future of GNH.

In all I am grateful for the hospitality and generosity of this company and look forward to watching the next several months of exploration and promotion to see if we can prove up Tilsley's dream for this property (and the entire Beauce region).

Best,

Scott

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