Formally Vencan Gold

Acquisition and exploration of gold projects in Northern Ontario

Vencan Gold Profile

Red Pine Exploration, Toronto, On., TSX.V : RPX, is involved in the identification, acquisition and exploration of gold projects in Northern Ontario.


Pursuant to a resolution passed by shareholders January 27, 2009, the Company has changed its name as follows. There is no consolidation of capital.

Effective at the opening Monday, March 2, 2009, the common shares of Red Pine Exploration Inc. will commence trading on TSX Venture Exchange, and the common shares of VenCan Gold Corporation will be delisted.

Capitalization: unlimited shares with no par value of which 101,138,641 shares are issued and outstanding

The Company controls over 17,536 hectares in the mining District of Sudhury, Northern Ontario.

It also hold a 25% interest in 43 claims in the Wawa area of Ontario. On December 14, 2007, the Company entered into an option/joint venture agreement to acquire a 75% undivided interest in 25 claims covering approximately 17.8 sq. kilometers in the Atikokan area of Northern Ontario, Thunder Bay Mining District.

On March 26,2008, the Company entered into a purchase and sale agreement with Donald McKinnon to acquire a 100% undivided interest in 162 claim units covering 2,592 hectares located in the Timmins area othenvise kno~vna s "The Mount Logano Property".

The agreement was executed on Octoher 21,2008. In Octoher 2008 the Company entered into a Letter of Agreement on a new property, "Costello", consists of 9 claim units totalling approximately 160 hectares in Bristol Township of the Porcupine Mining Division of Northern Ontario.

During 2007 and 2008, the Company directed all of its exploration efforts in the Mining Districts of Sudbury, Porcupine and Thunder Bay.

Properties Ontario

Abitibi West Property, Ontario, Sudburv Mining District On June 26,2007, the Company announced the acquisition of a major land package comprising of 372 claims totaling 5,952 hectares located west of Ti~nmins in Dore, Heenan, Swayze, Denyes and Marion Townships which are near or adjacent to the Company's existing properties.

These claims were acquired from Don McKinnon, CO-discoverer of the lucrative Hemlo Gold Mine. In addition to the acquisition, the Company has staked an additional 228 claims units totaling 3,648 hectares adjacent to the McKinnon property bringing the total land acquisition to 600 claims and totaling 9,600 hectares.

The properties are located within the Swayze greenstone belt, which are interpreted to represent the western extension ofthe prolific Abitibi greenstone belt (same age, different volcanic constructs).

Moffatt Property

Mount Logano Property,

Porcupine Mining District The Company has acquired 100% ownership of the Mount Logano gold property, located approximately 18 kilometres due east of Timmins Ontario.

The Mount Logano Property consists of 16 claim blocks equaling 162 claim units or 2592 hectares in Whitney, Shaw, Carman and Cody Townships of the Porcupine Mining Division of Northern Ontario.

The Mount Logano Property was acquired as part of Vencan's Ahitihi West Property package agreement from famed prospector Don McKinnon, well known for his role in the discovery of the lucrative Hemlo Gold Mine.

Costello Property,

Porcupine Mining District VenCan Gold entered into a Letter of Agreement in early October 2008 with a group of land vendors pursuant to which Vencan has agreed to acquire a 100% undivided right, title and interest in a new land position one kilometre east of Lake Shore Gold's"Timmins West" (Holmer) Gold Deposit in the Porcupine Mining Division of Northern Ontario.

The new property, "Costello" consists of 9 claim units totalling approximately 160 hectares in Bristol Township of the Porcupine Mining Division of Northern Ontario, located approximately 18 kilometres due west of Timmins. Ontario.

Edwards Property,

Wawa, Ontario - 25% interest in 43 claims and a 3% NSR. Heenan, Marion, Mallard and Genoa Townships Property, Sudbury Mining District (Chili, Cayenne, Gagne Option, Falconbridge Option) The Cayenne-Chili Property is located approximately 110 kilometres southwest of the city of Tinmiins, and is centered on latitude 47.793 Nand longitude 83.314' W within 1:50,000 NTS map sheet 410/16.

The property consists of 57 contiguous mining claims comprising 538 claim units for 8704.84 hectares. Within this claim package there are 46 unpatented mining claims, comprised of 512 claim units, and 5 patented mining claims comprised of 20 claim units that are recorded 100% in the name of VenCan Gold Corporation (VenCan). In addition, there are 4 leased mining claims, comprised of 4 claim units and 2 unpatented mining claims, comprised of 2 claim units that VenCan has optioned from Falconbridge Limited (Falconbridge).

The claims are located in the Porcupine Mining Division in the Heenan, Marion, Mallard, and Genoa townships, Ontario. The Abitibi West, Chili, Cayanne, Gagne Option, Falconbridge Option properties are contiguous to each other and covers approximately 17,536 hectares)

Atikokan Property,

Thunder Bay Mining District On December 14,2007, the Company announced an optiodjoint venture agreement with Fern Elizabeth Gold Exploration Ltd. and Robert C. Moffatt for the Fern Elizabeth and associated property located in the Atikokan area of Northem Ontario. The property is located 9 kilometers northwest of the town of Atikokan which is approximately 200 kilometers west of Thunder Bay. The area has a rich mining and exploration heritage and was then a major iron mining center inNorthern Ontario through the mid 1970's The Fern Elizabeth property is approximately 17.8 square kilometers in size, containing 25 claims and leases with excellent infrastructure, with hoth all weather road and boat access.

On February 15,2008, the Company announced the commencement of a diamond drill program on the property. The initial phase of this diamond drill program consisted of eight holes, totaliig 1,490.4 meters and focused, initially, in the area of the old mine workings on the Fern Elizabeth Property. The purpose of this initial phase of drilling was to test a tonalite intrusive - volcanic contact in the vicinity of the old Fern Elizabeth mine workings which, in the past, had displayed significant gold values associated with distinct alteration, quartz veining and commonly visible gold.

Hydrothermal Gold Property near Lake Shore Gold Deposit in Timmins, Ontario

The Costello Property is situated in a Gold Mineralized Environment

The Costello Property occurs immediately to the east of Lake Shore Gold's new Timmins West (Holmer) gold deposit that is currently under active development (shaft sinking).

“Gold mineralization in a quartz vein is found on a single outcrop with sulphide and tourmaline mineralization similar to the discovery outcrop at Timmins West surrounded completely by swampy flat land - the clay belt remains of a late Ice Age lake bed.

This former lakebed hides a number of major gold deposits in the Porcupine Gold Camp (e.g., those in Hoyle Township). Like Timmins West, the Costello Property’s land position has been neglected historically and is probably similar to the mineralized system that hosts the Timmins West deposit along and beside the Bristol fault - a structure that is parallel to the Porcupine-Destor Deformation Zone - the largest of a series of parallel deformation zones that are structurally associated with gold mineralization in the Porcupine Gold Camp.”

Mt. Logano Property in Timmins, Ontario

The Mt. Logano Property, located 9 kilometres east of Timmins, Ontario has recently been acquired from famed prospector Don McKinnon, known for his significant contribution to the discovery of the Hemlo gold deposit and major land holder in the Timmins area.

The property is located in the Abitibi Greenstone Belt, in the northern part of Shaw Township, extending well into the southern part Whitney Township and east into Carmen and Cody Townships, over to the western shore of Nighthawk Lake. It is made up of 212 claim units covering an area of approximately 33.9km². A map of the property can be viewed on the Company’s web site.

Last changed at 05-Mar-2009 03:35AM by Highgrader