PROPERTY HIGHLIGHTS

Freewest’s McFaulds property is located 3.8 kilometres east-northeast of Noront’s Eagle One and Eagle Two nickel-copper-platinum group element discoveries within the Sachigo greenstone belt of northwestern Ontario. Drill results from Eagle One include 5.90% nickel, 3.10% copper, 2.87 g/t platinum and 9.78 g/t palladium over 68.3 metres (NOT-07-05) as well as 6.30% nickel, 2.80 % copper, 1.90 g/t platinum and 10.20 g/t palladium over 46.2 metres (NOT-07-27)

McFaulds Property - BLACK THOR CHROMITE ZONE DRILLING RESULTS (Feb 5, 2009):

Freewest Intersects 30.0% Cr2O3 Over 124 Metres at Black Thor

PROPERTY DESCRIPTION AND LOCATION

The McFaulds property consists of 9 mineral claims (144 claim units) comprising 22.7 square kilometres and is located 300 kilometres north of the town of Nakina, in the James Bay Lowlands of northern Ontario.

Situated 3.8 km northeast of the Eagle One and Eagle Two nickel-copper-platinum group element (PGE) occurrences of Noront Resources Ltd . Four of the claims are wholly-owned by Freewest, while the remaining 5 claims are under option to Spider Resources Inc. and KWG Resources Inc.

EXPLORATION OVERVIEW

The Company also intends on testing numerous nickel-copper-PGE targets situated in the footwall to the Black Thor chromite occurrence. The targets comprise discrete conductors, magnetic highs and gravity anomalies all contained within an area of strong conductivity defined by the VTEM airborne geophysical survey (see Map 2). A Crone Pulse EM survey was recently completed over the large conductive area to assist in fine-tuning the location of drill targets. A full interpretation of this survey should be forthcoming shortly enabling the onset of drilling such targets in the near term.