PENTLAND FIRTH VENTURES LTD.Property: Hoyle Pond Belt: MATHESON 20 Claim GroupEASTING: 500259.0 DRILL HOLE RECORDNORTHING: 5382112.0Elevation: 2300.000Grid: None; UTM/GPS. COLLAR is 100m South and 100m West of the No. l PostCollar Azi.: 215Collar Dip: -45Local Ref: \RFHole Length: 117.0 metresPrint Date: 4 Apr, 1997

Purpose: Test a AMAG feature (1988 OGS:Timmins Area); interpreted as Mafic Volcanics. Hole Condition: NO bedrock/core recovered. NW/NQ steel lost downholeComments: Matheson Creek used as the water source.

Drill Hole: Township: Claim #: Date Started: Completed: Logged by:

Page: 1 of 1

PHB-05HoyleP-528409 (Parcel 1738 LC)March 25, 1997April 2, 1997K.D. Tylee

Date(s) Logged: April 2, 1997 Drilled by: BRADLEY BROS. Limited

BQPFVL

Core Size: Company:

From (m)

To (m)

Rock Type

Geology Sample From (m)

To (m)

Lngt (m)

SUL AU(gpt)

AURE(gpt)

AUREJ(gpt)

AUAV(gpt)

117.0

;#i gffg

OVERBURDEN

At 0-57 meters minor black muck, grading into predominantly Sand and Sandy Tills.

At 57-117 meters Clay: brick red, very fine grained, dense.

At 117 meters Drillers report a break in the string of NW casing - NQ rods. Numerous attempts to re-enter the Hole and retrieve the steel were unsucessful.

a total of 57m NW Casing, (with 45m NQ rods and a 4m Core Barrel Assembly inside), remain LOST downhole.

At 117 meters DRILLING TERMINATED. Hole abandoned.

NO samples collected.

Page 1 of 1 Hole No: PHB-05

42A10SW0083 2.17818 MATHESON 010

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Pentland Firth Ventures Ltd.

HOYLE POND BELT:

l-loU4L Nio.

Matheson 20 claim group

Section looking Northwest

DATE: 97/04/03 l SCALE: 1/2000

MAR. -HI 9'i\10N) U9:59 KLK MINING RECORDER TEL:56'5621 P. UU4

Ministry ot-^ - m rvuniMry ui

f JniririO Nonhern Development^ X l l Ldvi l l VX - -, rt fca'.^j-.*ana Minos

Declaration of Assessment Work Performed on Mining Land

Mining Acl, SubeecHon 65(2) and 66(3), R.S.O. 1990

Transaction Number (ollica use)

Assessment Piles Research I maging

Personal into Mining Act, If

Questions al

933 Ramsey

Instructiof.-.

5(2) and 66(3) of (he Mining Act. Undur section B ut lha jsmeni work and correspond with tha mining land holder iatry ol Northern Development and Mines, 6th Floor.

42A1OSW0083 2.17818 MATHESON 900

oerore recoraing a claim, use forrn^024fJ.- Please type or print in ink.

1. Recorded holder(s) (Attach a list if necessary)

, use torm uziu. ^ /-\

. 1 7818Cliani NumberName,

rfeAddress

IkO

Telephone Number

Fax Number

Name

Address

Cllunt Number

Telephone

Fax Number

2. Type Of work performed: Check ( s ) and report on only ONE of the following groups for this declaration.

D Geotechnical: prospecting, surveys assays and work under section 18 (regs)

Physical :(3rillincT)stripping. trenching and associated assays

| | Rehabilitation

Work Type

Dales Work . ^.i^^^ -r -* l *-.-i i ne. ^i Performed F rom ile, , OS 1^^^ T o *1 , OS l^0!^

DMV ] Month Year Oaf | Muriin Vadr

Global Positioning System Oata.[il available) Township/ Are a

M or G-Plan Number

Office Use

Commodity

Total S Value of , * f Work Claimed f l O , ty f J*

NTS Reference

Mining Division rff)jtM-Ge^^J

Resident Geologist ^^- i . District f f SliLstV't'*—

Please remember to: - obtain a work permit from the Ministry of Natural Resources as required;- provide proper notice to surface rights holders before starting work;- complete and attach a Statement of Costs, form 0212;- provide a map showing contiguous mining lands that are linked tor assigning work;- include two copies of your technical report.

3. Person or companies who prepared the technical report (Attach a list if necessary)

Nam*

IAJOp^.v aj.L'? ^

.

IV

Telopfiona Number

Fax Number

Name Telephone Number

Fax Number

Name Telephone Number

Address Fax Number

4. Certificat lent

lyli^' (Print Nema)

, do hereby certify that l have personal knowledge of the facts set

forth in this Declaration of Assessment Work having .caused the work to be performed or witnessed the same during

or after its completion and, to the best of my knowlKlge, the annexed report is true.

Signature ol Recorded Holaer or Agent

1131-Agent s Address

o.JUqO^^.n^^.p:' ^

Telephony Number

It l A 7,. t

MAR. -10 97 [MOM iu:l)5 KLK MiMNG RECORDER TEL:5b"5621

5. Work to be recorded and distributed. Work can only be assigned to claims that are contiguous (adjoining) to

the mining land where work was performed, at the time work was performed. A map showing the contiguous link

must accompany this form.

Mining work wa mining l co'umn indicate

eg

eg

eg

02-p0

2

3

4

5

6

7

8

9

10

11

12

13

14

IS

Claim Number. Or it s done on other eligible end. show in this the location number d on ihe claim map.

TB 7027

1 234567

1234568

PS3-840S

ptaovjLsM

Number of Claim

Units. For other

mining land, list

hectares.

16 ha

12

2

Ile ka.

M

Column Totals

Value of work performed on this claim or olher mining land.

S26, 825

0

S 6. 892

^10414

-o-

*|OMH

Value of workapplied to this claim.

WA

524,000

S 4.000

IOJAL H oo

^ -^ o

^UHoo

Value of work assigned lo other mining claims.

S24.000

0

0

* lo^OO-^-

T, ^ Q t.

j i.

—g —

Gsnk. Value o! work to be distributed at a (ulure dale.

S2.825

0

54,892

^Mo)4-0-

Q

^MoiM

l K e.^y \ y KLg ____________ . do hereby certify that the above work credits are eligible under

' ' (Prim Full Name)

subsection 7 ( 1) of the Assessment Work Regulation 6/96 for assignment lo contiguous claims or for application to

the claim where the work was done.

Signature ot Recorded Holder or Agant Authorized in WritingDate

6. Instructions tor cutting back credits that are not approved.

Some of the credits claimed in this declaration may be cut back. Please check ( s ) in the boxes below to show how

you wish to prioritize the deletion of credits:

0 1. Credits are to be cut back from the Bank first, followed by option 2 or 3 or 4 as indicated.

Q 2. Credits are to be cut back starting with the claims listed last, working backwards, or

PI 3. Credits are to be cut back equally over all claims listed in this declaration; or

O 4. Credits are to be cut back as prioritized on the attached appendix or as follows (describe):

Note: If you have not indicated how your credits are to be deleted, credits will be cut back from the Bank first,

followed by option number 2 if necessary.

For OfficeRetailed Stamp

02(1 (021991

Deemed Approved Dale

Dale Approved

Dale Notification Sent

Tolal Value ol Credit Approved

Approved tor Recording by Mining Roco'fler (Signature)

OntarioMinistry ofNorthern Developmentand Mines

Statement of Costs for Assessment Credit

Transaction Number (office use)

Personal information collected on this form is obtained under the authority of subsection 6(1) of the Assessment Work Regulation 6/96. Under

section 8 of the Mining Act, the information is a public record. This information will be used to review the assessment work and correspond with

the mining land holder. Questions about this collection should be directed to the Chief Mining Recorder, Ministry of Northern Development and

Mines, 6th Floor, 933 Ramsey Lake Road, Sudbury, Ontario, P3E 6B5.

Work Type

\J\ OLf^o^dJ \\:\\ l ^

n-r^ilcLfvU UJa.c.e-S-J

Units of WorkDepending on the type of work, list the number of hours/days worked, metres of drilling, kilo metres of grid line, number of samples, etc.

1 1 T- r^cA-rc-s

^).^ 4/ayS.

Associated Costs (e.g. supplies, mobilization and demobilization).

Transportation Costs

Food and Lodging Costs

Cost Per Unit of work

'SN/m

^SS/cXy

9 , *^r.v !- ^ t.

Total Value of Assessment Work

Total Cost

"mt*LS8

v-^ - : .,- ".' : -" ^ i;

*ICHH

Calculations of Filing Discounts:

1. Work filed within two years of performance is claimed at 1000Xo of the above Total Value of Assessment Work.

2. If work is filed after two years and up to five years after performance, it can only be claimed at 5QVo of the Total

Value of Assessment Work. If this situation applies to your claims, use the calculation below:

TOTAL VALUE OF ASSESSMENT WORK x 0.50 = Total $ value of worked claimed.

Note:- Work older than 5 years is not eligible for credit.- A recorded holder may be required to verify expenditures claimed in this statement of costs within 45 days of a

request for verification and/or correction/clarification. If verification and/or correction/clarification is not made, the

Minister may reject all or part of the assessment work submitted.

Certification verifying costs:

l, *-c g.ey l^.g , do hereby certify, that the amounts shown are as accurate as may^please print full name) '

reasonably be determined and the costs were incurred while conducting assessment work on the lands indicated on

the accompanying Declaration of Work form as .or-(recorded holder, agent, or state comply position with signing authority)

l am authorized

to make this certification.

0212 (02/96)

Signature Date

H

OntarioMinistry ofNorthern Development

Ministere du Developpement du Nord et des Mines

Ken TyleePENTLAND FIRTH VENTURES LTD.BOX 1690HIGHWAY 101 EASTSOUTH PORCUPINE, ONPON-1HO

Geoscience Assessment Office 933 Ramsey Lake Road 6th Floor Sudbury, Ontario P3E 6B5

Telephone: (888)415-9846 Fax: (705) 670-5863

Dear Sir or Madam:

Subject: Transaction Number(s):

Submission Number: 2 .17818

StatusW9760.00577 Deemed Approval

We have reviewed your Assessment Work submission with the above noted Transaction Number(s). The

attached summary page(s) indicate the results of the review. WE RECOMMEND YOU READ THIS

SUMMARY FOR THE DETAILS PERTAINING TO YOUR ASSESSMENT WORK.

If the status for a transaction is a 45 Day Notice, the summary will outline the reasons for the notice, and any

steps you can take to remedy deficiencies. The 90-day deemed approval provision, subsection 6(7) of the

Assessment Work Regulation, will no longer be in effect for assessment work which has received a 45 Day

Notice.

Please note any revisions must be submitted in DUPLICATE to the Geoscience Assessment Office, by the

response date on the summary.

If you have any questions regarding this correspondence, please contact Lucille Jerome by e-mail at

jeromej@torv05.ndm.gov.on.ea or by telephone at (705) 670-5858.

Yours sincerely,

ORIGINAL SIGNED BYBlair KiteSupervisor, Geoscience Assessment OfficeMining Lands Section

Correspondence ID: 11568

Copy for: Assessment Library

Work Report Assessment Results

Submission Number: 2 .17818

Date Correspondence Sent: November 18, 1997 Assessor:Lucille Jerome

Transaction Number

W9760.00577

Section:

16 Drilling PDRILL

First Claim Number

6000250

Township(s) l Area(s)

MATHESON

Status

Deemed Approval

Approval Date

July 10, 1997

Correspondence to:

Resident Geologist South Porcupine, ON

Assessment Files Library Sudbury, ON

Recorded Holder(s) and/or Agent(s):

Ken TyleePENTLAND FIRTH VENTURES LTD.

SOUTH PORCUPINE, ON

Page: 1Correspondence ID: 11 568

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