ANNUAL REPORT 2010Inuit Land Use Licence Number: KVL308C09INAC Land Use Permit Number: N2008C0026Submitted to: KIA, INAC, NIRBPrepared by: Andrew Berry, Vice President of OperationsKivalliq Energy CorporationSubmitted on: March 14, 20112TABLE OF CONTENTSSection PageProperty Description and Location 4Corporate Background and Project Description 7Work Completed To Date2010 Program 9Baseline Studies 19Environmental Considerations 23Mitigation Measures 27Waste Management 28Fuel Inventory 31Flight Summary 31Reclamation 33Socio-Economic Benefits 33Community Consultation 34Archaeology and Traditional Knowledge 343Section PageTablesTable 1: 2010 Land Use Permits and Licences 4Table 2: Wildlife Sightings Summary 24Table 3: Water Use Summary 26Table 4: Incineration Summary 29Table 5: Fuel Cache 30Table 6: Helicopter Touchdown Summary 32FiguresFigure 1: Angilak Project Location 5Figure 2: Angilak Project, Land Tenure 6Figure 3: 2010 Drill Target Locations 13Figure 4: General Camp Layout 15Figure 5: Cat Train Route 17Figure 6: Bio-Physical Baseline Studies 21Figure 7: Wildlife Monitoring Study Area 22Appendices 35Appendix A: 2010 Cat Train Route CoordinatesAppendix B: 2010 Water UseAppendix C: 2010 Helicopter TouchdownsAppendix D: 2010 Drill Hole Locations and Drill Site PhotosAppendix E: 2010 Contractor ServicesAppendix F: 2010 Community Consultation Log4PROPERTY DESCRIPTION AND LOCATIONThe Angilak Project property consists of 90 active mineral claims and InuitOwned Land Parcel RI-30 (IOL), comprising a total area of 90,930 hectares(224,686 acres) in the Kivalliq region of southern Nunavut Territory. The propertyis located 350 kilometres west of Rankin Inlet and 225 kilometres southsouthwestof Baker Lake (Figure 1), and currently measures 65 kilometres in aneast-west direction and approximately 30 kilometres north-south.As indicated on Figure 2, all mineral claims and the IOL are contiguous andextend north, south, east and west between latitudes 62° 26’ and 62°43’ Northand longitudes 98° 21’ and 99°24’ West in NTS map areas 65 J/06, 65 J/09, 65J/10 and 65 J/11 (UTM coordinates: 6925000N to 6955000N and 480000E to535000E, NAD83, Zone 14).Land use permits, enabling exploration work to be conducted over the entireproperty area, have been issued, renewed and amended by the Kivalliq InuitAssociation (KIA) for parts of the property covering Inuit Owned Lands (IOL) andby Indian and Northern Affairs Canada (INAC) for Crown lands. Kivalliq EnergyCorporation (Kivalliq Energy) also operates under the terms and conditions of aNunavut Water Board (NWB) licence, covering activities on IOL and CrownLands. 2010 was the third year that Kivalliq Energy operated on the landsdescribed in this report and the second year with drill operations. See Table 1 fora list of active permits and licences issued for lands that comprise the AngilakProject.Table 1. 2010 / 2011 Land Use Permits and LicencesIssuing/ScreeningAgencyDate Issued File NumberKIA August 1, 2008 KVL308C09NIRB July 31, 2008 08EN052INAC August 8, 2008 N2008C0026NWB August 6, 2008 2BE-ANG0813FIGURE 1: PROPERTY LOCATION5FIGURE 2: LAND TENURE6

7CORPORATE BACKGROUND AND GENERAL INFORMATIONFollowing the establishment of a uranium policy by Nunavut Tunngavik Inc. (NTI)in September 2007, Kaminak Corporation (a predecessor to Kivalliq EnergyCorporation ,“Kivalliq”) signed an exploration agreement with NTI on May 8, 2008that granted uranium rights to Kaminak on 18,000 acres of Inuit Owned Land(IOL RI-30), located in the Kivalliq District of Nunavut. In discussions with NTI, itwas decided cooperatively that Kaminak spin-out all of its uranium interests inNunavut into a new, uranium exploration and development company calledKivalliq Energy Corporation (KIV: TSX-V).Kivalliq Energy Corporation was specifically formed to focus on projects inNunavut. Management has extensive background working in Canada’s north.John Robins is Chairman of the Company’s board of directors, Jim Paterson isthe Chief Executive Office and Jeff Ward serves as President. Mr. Chris Twells isChief Financial Officer and Mr. Andrew Berry is Vice President, Operations. Dr.Robert Carpenter, Jim Dawson and Garth Kirkham serve as directors. The groupis committed to the social and economic development of the north whilemaintaining a level of excellence in minimizing environmental impacts. Kivalliqlooks forward to conducting a third community tour this year to meet withcommunity members and increase awareness about the company and itsprojects.Kivalliq was the first company in Canada to have a comprehensive agreement toexplore on Inuit Owned Land for uranium. As part of this landmark partnership,NTI receives shares in Kivalliq and can elect to have a participating interest in theproject, or collect royalties at a later date. Kivalliq also makes advance royaltypayments to NTI annually and commits to specific work programs until 2012. Theagreement not only applies to privately-held Inuit Owned Land, but also extendsto 90 Crown issued claims. The Angilak property totals 225,000 acres in all.Since 1979, the property and surrounding area has been called various names(i.e. LGT, Yathkyed, Lac Cinquante); however going forward, Kivalliq collectivelyrefers to all land holdings as the “Angilak Property”. The Angilak claims and IOLRI-30 are host to over 150 mineral showings and in particular the high-grade LacCinquante uranium deposit,On February 7, 2011 the Company received a summary report for Lac Cinquantethat describes an Inferred Mineral Resource Estimate of 810,000 tonnes grading0.79% U3O8, totalling 14.15 million lbs U3O8 (17.5 lbs U3O8/tonne) at a 0.2%U3O8

cut-off grade. The Mineral Resource estimate was prepared under the directionof Robert Sim P.Geo., of SIM Geological Inc. A resource model was generatedusing drill sample assay results from Kivalliq’s 2009 and 2010 field seasons (upto October 31, 2010), and interpretation of a geological model relating to spatialdistribution of uranium. For evaluation purposes, three additional metals: silver(g/t), molybdenum (%) and copper (%) were also estimated within the resource8model. Lac Cinquante is considered to be an early stage project, therefore little isknown about its potential mining or metallurgical characteristics. However, theresource is considered to exhibit reasonable prospects for economic extraction,and the base case cut-off threshold of 0.2% U3O8 is considered appropriatebased on its location and other assumptions derived from deposits of similar typeand scale. This first 43-101 compliant mineral resource estimate for the LacCinquante uranium deposit represents a major milestone and provides theCompany with a strong base from which to build additional uranium resources in2011.9WORK COMPLETED TO DATE2010 ProgramExploration work in 2010 included the establishment of the Nutaaq Camp,diamond drilling, prospecting, environmental baseline studies and re-logging/resamplingselected core from the historic core storage.DrillingKivalliq Energy Corporation contracted Major Drilling Group International Inc. toperform diamond drilling on the Angilak Property in 2010. Under this contractKivalliq completed 16,606 metres of diamond drilling in 107 holes from April 24 toOctober 16, 2010. Of these four drill holes tested exploration targets and threeholes were lost due to poor drilling conditions. The work was undertaken usingtwo Boyles diamond drill rigs. The first, a Boyles 37 fly rig, was staged on theproperty from drilling undertaken by Major Drilling in 2009. The second, a Boyles17 fly rig, was mobilized to the property in late July and commenced operationsat the beginning of August.A total of 100 drill holes (Figure 3) evaluated the Lac Cinquante uranium depositin 2010. Each of these intersected the stratigraphic graphitic/sulphidic tuffquartz/carbonate vein unit that hosts the mineralized zone referred to as the LacCinquante main zone. Anomalous radiation associated with the main zone unitwas intersected in 86 of these drill holes. The remaining 14 drill holes werebarren of radiation within the main zone stratigraphy. Intersected grades rangedto a maximum of 6.86% U3O8 over a core length of 1.13 metres in DDH 10-LC-089. The widest mineralized intersection was 13.98 metres grading 0.70% U3O8in DDH 10-LC-003.Holes were drilled on a 50 metre grid oriented at 26 degrees and targeted tointersect the Lac Cinquante main zone at vertical intervals of approximately 50metres. Hole inclination angles ranged from -45 degrees to -90 degrees. Downhole termination depths ranged from 47 metres to 302 metres. The LacDrill rig at 10-NE-00110Cinquante zone was drilled along a strike length of 1350 metres. As a generalrule drill holes were terminated approximately 10 metres after intercepting mainzone mineralization. Using Portland cement all main zone intercepts running inexcess of 0.05% U3O8 were cemented for a distance of at least 10m above andbelow the radioactive intercept. All drill holes were cemented for a distance of 35metres from the overburden / bedrock interface.Major Drilling Group designed and installed a drill cuttings containment /collection circuit for Kivalliq Energy. The system utilized a sump pump and aseries of four 150 gallon, inline settling tanks. To capture cuttings a small sumparea was dug beneath the rig adjacent to the cuttings discharge from the drillcasing. It was lined with an impervious liner. A sump pump placed within thesump removed all drill effluents from beneath the rig. The cuttings were pumpedinto tank one, the first of the four in-line tanks. Overflow from tank one iscollected in tank two, from tank two to tank three and from tank three to tank four.A majority of the drill cuttings precipitate were contained in tank one.Incrementally lesser volumes of cuttings precipitated in tanks two and threerespectively. Discharge from tank four was essentially clear water. From tankfour, clear water can be circulated back through the rig or discharged.All four tanks had a 3” value at their base. Nonradioactive cuttings were releasedas a slurry from the bottom of each tank through a flexible 3” hose into 1 tonnefibrene bulk bags suspended at ground level from a jig. Excess water wasallowed to weep through the weave of the bag material. After approximately 24hours the dewatered bulk bags with cuttings were flown to a naturally occurringdepression/sump where they were deposited.Major Drilling’s Boyles 36 Diamond drill rig anddrill cuttings containment circuit.11Four (4) inline settling tanks are used to capture and contain all drillcuttings from the drilling process.Drill cuttings from the settling tanks are collected in 1 tonne bulk bags.Kivalliq isolates and collects radioactive cuttings using the cuttings collectioncircuit described above. The spatial occurrence of radioactive mineralizationassociated with the Lac Cinquante uranium deposit is predictable. Drilling hasindicated that the Lac Cinquante main zone tuff strikes and dips coherently fromhole to hole and between drill hole cross sections. Kivalliq geologists notify drillcrews of the predicted intercept depth for the Lac Cinquante main zonelithologies when drill holes are spotted and collared. Drilling is temporarilysuspended approximately 15 metres above the predicted intercept depth. Thecuttings containment circuit is cleaned and all non-radioactive cuttings are12removed and collected in bulk bags. Drilling then proceeds to core through thetarget main zone mineralization. As a rule drill holes are terminatedapproximately 10 metres below mineralized Lac Cinquante main zone intercepts.Cuttings are provided a settling period while the drill hole is being surveyed andcemented and rods and casing are removed. Clear water is discharged.Radioactive cuttings are collected in 205 litre steel drums and sealed. The sealeddrums are temporarily staged on a flat dry outcropping ridge on the east side ofthe Lac Cinquante drill area at 519615E 6939955N Nad 83 z14.Radioactive cuttings contained in seales 205 litre steel drums.Temporarily staged on an outcrop. Drums are flown to the temporarystaging area with a vertical drum lifter.ProspectingDuring the 2010 summer field season, Kivalliq contracted prospectors from TaigaConsultants Ltd. from Calgary, Alberta and Discovery Consultants from Vernon,British Columbia. to undertake a prospecting program targeting historical uraniumshowings on the Angilak Property. The helicopter‐supported program consistedof four persons and was operational from early July to mid August. A three week‐follow up program was conducted during ‐September 2010 with a two man crew.Prospecting crews examined more than 38 mineral showings during the courseof the 2010 field season. These have been grouped and narrowed to 9 distinctareas that are considered to hold significant potential for subsurface uraniummineralization. A total of 291 rock samples were collected from outcroppingbedrock and boulder exposures during the course of the program. Samples wereshipped to SRC in Saskatoon for geochemical analysis.FIGURE 3: 2010 DRILL TARGET LOCATIONS13

142010 InfrastructureAn amendment for the establishment of a new camp on the Angilak property tofacilitate easier logistical support and closer access to the Lac Cinquante work areawas approved by INAC and NIRB in May 2009 and by NWB in January 2010.The new camp, constructed in 2010, is located at 527975m E, 6937950mN Nad 83Z14, see Figure 4 for the general layout of the camp. The general area offers severalflat topped gravel deposits formed in association with a large trunk esker trendingsouth approximately 2 kilometres west of the proposed site. The location itself wasselected due to several favourable natural attributes amenable to the efficientoperation of an aircraft supported exploration facility. The site sits close to water on adry, flat topped gravel deposit that lies elevated above the surrounding tundra. Anadjacent flat topped feature situated immediately north trends several hundredmetres and will accommodate ancillary facilities, specifically helicopter landing sites,core racks and fuel storage. A larger flat topped gravel deposit approximately 1.5kilometres west of the camp site and proximal to the trunk esker serves as an airstripfor light aircraft. The entire camp area is situated directly north of a 1.5 kilometre x4.1 kilometre long east–west trending lake which can easily accommodate both skiequipped and float equipped aircraft. The lake is currently used as the camp watersource. In the future, should the project warrant, the lake is sufficiently long to allowthe establishment of an ice strip to accommodate large aircraft.Aircraft commenced shuttling camp equipment and materials to the location of thenew camp site on March 21, 2010. A four-man camp construction crew contractedfrom Discovery Mining Services out of Yellowknife NT was mobilized to site on April4 and began building the camp infrastructure. By the time crews arrived on sitecommence drilling operations on April 21 the camp comprised twelve individualstructures; 1-16’x32’ kitchen, 1-16’x32’ wash tent, 1-14’x16’ toilet shack, 1-14’x16’Level II First Aid facility, a 10’x12’ generator shed, 1-14’X16’ office, 2-14’x16’ coreand 4-14’x16’ vinyl Weatherport sleepers. Three additional Weatherport sleepersand a 14’X16’ kitchen overflow were added to the camp in June to support anincrease in staff for the summer program.The camp remained open from April through to October. Exploration activitiesceased on October 18 and all work crews vacated the camp. A three man crew fromDiscovery Mining Services was brought to site to winterize the camp and close it forthe season. All canvas tent covers were removed from wooden tent frames. AllWeatherport vinyl tents were left standing. The camp was shut down on October 27,2010.Cat TrainThe exploration program was primarily supported by aircraft in 2010. During themonth of April, as snow conditions allowed, a cat train comprising of two snow catsand eight sleds was utilised to transport bulk cargo from Baker Lake. The routecoordinates that the Cat train followed can be found in Appendix A. This is alsoillustrated in Figure 5.FIGURE 4: 2010 NUTAAQ CAMP LAYOUT15

16Nutaaq Camp constructed in 2010FIGURE 5: CAT TRAIN ROUTE17

18Cat Train used to haul supplies overland fromBaker Lake to Nutaaq Camp.19Baseline Studies 2010In 2010 Kivalliq Energy contracted Hemmera Envirochem Inc. to design andimplement baseline studies that corresponded with the stage of currentexploration. The studies in 2010 included:• Hydrology,• Water Quality,• Air Quality, and• Non-invasive, Observational Wildlife Monitoring.HydrologyThe 2010 hydrological work consisted of a desktop study and the establishmentof field sites. The goal was to characterize the hydrologic regime of the projectarea. Watersheds were characterized using digital elevation model (DEM)imagery within the study area. Eight sites were identified for manualmeasurements (Figure 6). Instantaneous water level and period peak water levelwere recorded every two weeks from the end of June until the seasonal campclosure in October. This information will for a base for future hydrology studiesas the project advances.Water QualityThe 2010 water quality program focuses on assessing and quantifying existingwater quality conditions across the study area. Twenty sites were sampled(Figure 6) once in August. Water was analyzed for hardness, metals, pH, totalsuspended solids, ammonia, nitrate, cyanide and alkalinity. Temperature, pHand conductivity were also measured at each of the twenty (20) sites in Augustand September using a handheld meter.MeteorologyOn-site meteorological data was collected by a fully automated Onset HoboWeather Station and an OTT Pluvio Rain Gauge. The weather station wasinstalled in June 2010 (Figure 6). Parameters recorded include; air temperature,relative humidity, total precipitation, barometric pressure, wind speed anddirection. Data has been collected since July 2, 2010. While camp wasoperational, manual weather information was also collected to ensure theweather station was functioning properly.Air QualityIn the latter part of June 2010, four dust fall stations were established (Figure 6).Dust fall canisters were replaced every thirty (30) days, sealed and sent to thelab for analyses. A total of three rounds of samples were collected.WildlifeThe goal of the 2010 wildlife program was to establish an overview of the wildlifespecies present, and general use of the area. The study area was defined asfive (5) kilometre buffer around existing and proposed activity areas. The total20area encompassed approximately 169 km2 (Figure 7). Data was collectedduring two site visits by Hemmera personnel; June 27 to July 3, and August 16 to21. During the initial visit, Kivalliq Energy staff were trained in documentingwildlife observations. Wildlife data was collected during non-invasive focalbehavioural observations and incidental observations.

#7 pXWXWXWXW XWXWXWXWXWXWXWXWXWXWXWXWXWXWXWXW########&GGG GWQ9WQ8WQ7WQ6WQ5WQ4WQ3WQ2 WQ1WQ20WQ18WQ19WQ17WQ16WQ15WQ14WQ13 WQ12WQ11WQ10W4W3W2W1S1N2N1C1DF4 DF3DF2DF1510000.000000

510000.000000

515000.000000

515000.000000

520000.000000

520000.000000

525000.000000

525000.000000

530000.000000

530000.000000

535000.000000

535000.000000

540000.000000

540000.000000

6930000.000000

6930000.000000

6935000.000000

6935000.000000

6940000.000000

6940000.000000

6945000.000000

6945000.000000

±0 1 2 3 0.5

Kms 1:45,000March 2011Early Stage Bio-Physical Baseline StudiesAngilak ProjectKivalliq Region, Nunavut1190-001.01N u n a v u tSite LocationLegend

G Dust Fall Station

& Climate Station

# Water level station

XW Water Quality Station

Study Area

p Airstrip

#7 Nutaaq Camp

Approx Drilling AreaWatershedWetlandLakeStreams

Height Values2540

Yathkyed LakeNutaaq LakeKazan RiverCalpineLakeBig Gash LakeNo GashLakeSiuraq CreekLittle GashLakeMolson LakeLac CinquanteFigure 6!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

#7 pkj")!(!!(!(&:HOL-CHOL-WHOL-ML1HOL-ML2510000.000000 515000.000000 520000.000000 525000.000000 530000.000000 535000.000000

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6935000.000000

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±0 1 2 3 4 5 0.5

Kms 1:45,000March 2011Angilak 2010 Wildlife Program Study Areas,HOL Survey Locations & Carnivore DensAngilak ProjectKivalliq Region, Nunavut1190-001.01N u n a v utSite Location

Nutaaq LakeKazan RiverCalpineLakeBig Gash LakeNo GashLakeSiuraq CreekLittle GashLakeMolson LakeLac CinquanteLegend

!Height of Land - Camp

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!(Height of Land - Molson Lake 2

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&:Grizzly Bear - Spring resting area

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Approx Drilling AreaWetlandLakeWatershedStreamsStudy Area!!

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2540

Yathkyed LakeFigure 7 Observed Caribou Migration Direction

23ENVIRONMENTAL CONSIDERATIONSAll employees and contractors working for Kivalliq Energy Corp. are made awareof the company’s internal policies and procedures and are made familiar with theTerms and Conditions of the project’s licences and permits. Every personarriving at the Angilak Project undergoes an orientation which includesinformation on health, safety and environmental responsibilities and stewardship.The orientation and training includes, but is not be limited to: spill response, bearsafety, environmental policies (including waste management), wildlife mitigationmeasures and the caribou protection measures. Employees, contractors andvisitors are asked to review printed materials from the orientation and to sign-offthat they have received the orientation, reviewed the information materials andthat they understand their individual responsibilities.Wildlife sightings are recorded in the field and at camp. See Table 2 for asummary of these sightings. Sightings are compiled for reporting in each annualreport. All employees and contractors are required to populate the wildlifesightings sheets.Wildlife incidents will be reported immediately to the KIA and to the GN WildlifeBiologists. Contact information for emergency situations are hung on the wall ofthe office and provided on page 5 of the Wildlife Management and MitigationPlan.Water and aquatic life will be protected. Waterlines for drilling and domestic useare properly placed to minimize disturbance to the shoreline and substrate andwill be screened in accordance with the “Freshwater Intake End-of-Pipe ScreenGuideline” prepared by the Department of Fisheries and Oceans. A copy of thisguideline document is kept at the head office in Vancouver and at the field officeat the project.No wastes enter any water bodies. This includes discharge from the camp andseepage from the drill and grey water sumps. The grey water sump will beinspected daily. Drill sumps will be inspected prior to the drill being moved andthe area being reclaimed.Daily inspections will be conducted around the camp and a record of theseinspections is kept in the office for review by the Inspector upon request while atthe camp.Water use was recorded for both the domestic camp water and the water used atthe drill. A summary of the water use by month is shown in Table 3. Thecomplete water use data can be found in Appendix B.24Table 2. Wildlfe Sightings Summary!"#$#"%&!"#$!%!&!'()$!%!'()$!*!&!'()$!+%!'()$!+%!&!'()$!,-!'()$!,-!&!.(/!+!.(/!0!&!.(/!,1!.(/!0-!&!234!0!234!%!&!234!5!234!1!&!234!+,!234!+0!&!234!+%!234+%!&!234!+*!234!+6!&!234+1!234!,-!&!234!,,234&,0234&,%!234!,*!&!234!0-!789!+!&!789!0!789!%!&!789!5!789!1!&!789+0'(')#*+,*#)'&-:#;<=>( 0*,% %-- 0 ** % + , 0 % + +- 6 +6 ,- + 6 ./01"(?@>A3B , , + + + + , 2/'345678 90:1 ./: 2 . 00 . 2 : . / . 2 2/ 1 21 :2 9 1 ./11;)<+"=(<&-C>A!!?4D+ +6 , % + , + , , + , + + % + ./E;<FF)$!G3#; + + + + * , 22E;3$!H>)I + + , + 0 + >H>)J3;<B3! 0 + , 1K>9#)?L :2 / 9 1 2 9 2 / : 9 2 9 : 9 : 9 > 9 11<($&+'-M3NN<B/!?4D + + + , 0.;89<8!E;>(BO!2P(<;;3) + + 0 0K<#/#!Q>)3 + + +- + 29'345678 2 2 / 2 2 2 / 9 2/ / / / / 2 2 2 / : :9<)?'(<-G#)O!R#/)3 , + 9S>;9T3;B!U#;;<3; , :V3;3/;<B3!C#)8>B + 0 + 0E$;I#)8>B % + 02T>;9&3#;3O!7W) , 0 , % + 6 , +- 0 , * ./2B>W$!7W) , + 97W)!?4D + + 0 0X>(/T&)3//3O!U#W@ , + 92T#;4&9#<)3O!U#W@ , :U#W@!?4D , + , + + + , 2/79T3;!X#49>;!?4D + + + , 0'345678 1 2/ 2 9 9 / 1 0 : . : > 2 : 2: 1 . @ A9+!?4D!;34;3?3B9?!#B!(B@B>WB!?438<3?!>=?3;J3O!W<9T<B!9T3!/<J3B!/;>(4D

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25Table 2. Continued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

<2,+,<>ABB5CD<3E<"FGHIJF456<!H6I6HEJ<(K7JCL54H3F7,!;R!,

26Table 3. Water Use Summary!"#$% &"'()*+), !"#$% &"'()*+),

!"#$% &&'(( !"#$% )*+,% -&.'/0,1 &2'(/ !34#,5467,1 .('89:;4 &&'.< 0,1 )*+,% <=8'/9:%1 ./'88 !34#,5467,1 /='/!:5:>+ /.'(? 9:;4 )*+,% &?8'(@4"+4AB4# .('&= !34#,5467,1 -('?CD+*B4# -&'/= 9:%1 )*+,% 222'2!34#,54E7,$%1 ('=2 !34#,5467,1 .-'.-./.+0"$1' &<('?< !:5:>+ )*+,% &?.?'=!34#,5467,1 8-'=@4"+4AB4# )*+,% &8.-'.!34#,5467,1 8&'&CD+*B4# )*+,% =.&'?!34#,5467,1 88'//&'??&?/'/ -./.+0"$1'-(&(E7,$%1E!34#,542($113+41)5+61$*7+89* :#;<'1=+>7<''+?7";71)+61$*7+89*+27Secondary containment and spill kits were established at the main camp fuelcache, all fuelling locations (camp generator, helicopter pad and drill sites) and atevery drum behind tents.Regulatory Inspections and ReportingThree regulatory inspections were conducted during the 2010 April to Octoberwork program at Angilak:June 24, 2010 WSCC Engineer/Mines InspectorJuly 18, 2010 INAC Water Resource Officer & District GeologistAugust 24, 2010 KIA Land Use InspectorThere were no deficiencies noted during either of the land use inspections.MITIGATION MEASURESCaribouA one kilometre buffer will be used as a measure of a safe distance for working inareas where caribou are present. If caribou come within one kilometre of anywork site, work activities will cease until the caribou have moved safely beyondbuffer area.Helicopter flights will maintain a 300 metre altitude whenever possible. In areaswhere wildlife are observed the helicopter will maintain a minimum of 610 metrealtitude. Absolutely no landings will be allowed in areas where caribou arepresent. Helicopter and aircraft pilots will be instructed that they are not to flyover the caribou calving grounds on their way to or from the project area.Crossings – Between May 15 and September 1, no fuel cache will beestablished, and no blasting is to occur within 10 kilometres of a “designatedcaribou crossing”. As well, no drilling is to be conducted within 5 kilometres.Absolutely no activities will act as a block or in any way cause a diversion tomigration of caribou.Airborne Geophysical Surveys – Prior to conducting any low-level airbornegeophysical surveys the Kivalliq Inuit Association will be contacted and thefollowing information will be provided; dates of surveys, location of surveys, howlong the surveys will take to complete. As well, the locally hired wildlife monitorswill be required to conduct a survey of the area to ensure that there is no wildlifepresent and will monitor for wildlife during the survey. If caribou and/or muskoxare seen in the area, the geophysical survey will not be flown until they havemoved a safe distance (at least 1 km) from the area to be surveyed.A copy of the Caribou Protection Measures is included in Kivalliq’s WildlifeManagement and Mitigation Plan.28Bear and other CarnivoresKnown dens will be avoided. Any new dens discovered will be reported to theregional wildlife biologist and the KIA and avoided.If bears are present in the area, work will cease until the bears have moved safelyout of the area. All human-bear interactions will be reported immediately.Breeding and Nesting BirdsNo eggs or nests are to be disturbed by any activities. If any employee or contractorcomes across any active nests, they are to cease all activities immediately to ensurethat the nest is not disturbed. Coordinates are to be recorded on the wildlife sightingsheets and these coordinates are to be reported to Environment Canada. Moving ordisturbing the nest of a migratory bird is in contravention of the Migratory BirdsConvention Act.The peregrine falcon has been identified as species of Special Concern byCOSEWIC. If any nests are found, a buffer must be maintained. A 1.5 kilometrebuffer is recommended for the peregrine falcon. Any nests discovered will berecorded and the GPS coordinates provided to the applicable regulatory authoritiesand interested parties.WASTE MANAGEMENTThe Nutaaq camp has a Bernadette diesel / electric incinerator installed at the southend of the camp compound, 25 metres south of the camp generator shed. Allcombustible waste including food waste was incinerated daily. Incinerator ash wascollected 205 litre steel drums with locking lids. Filled ash drum are staged at theincinerator until removed from site.All food waste was stored such that it was not accessible to any wildlife prior toincineration. Recyclable plastics and cans were separated as produced and stored inbulk bags for removal from site. Kivalliq Energy has developed a waste managementplan for the site which includes incineration guidelines. These guidelines wereposted in the generator shed by the incinerator for operator reference. Noncombustiblewaste was collected in bulk bags for removal from site.To handle sewage waste at the Nutaaq camp, Kivalliq Energy has installed 4Storburn propane toilets in a latrine building located adjacent to the dry / showerfacility. The units employ a boiling process that renders waste to a sterile ash. Avacuum system installed on the exterior of the building is used to remove ash fromthe units following the incineration cycle. Ash is collected in sealed plastic 205 litredrum staged outside of the building. Total sewage ash volume generated during thecourse of the 2010 program was approximately 115 litres.Kivalliq Energy is aware that disposal sites in Nunavut communities that service theAngilak project are in regulatory non-compliance and that waste disposal withinthese communities landfills cannot be authorized. In accordance, all wastesgenerated by the project including incinerator ash, non-combustible wastes and29recyclables produced during the 2010 program on the Angilak property, were airliftedon a regular basis to Yellowknife, Northwest Territories for authorized disposal. Thispractice will continue until authorized waste disposal in Nunavut communities can beresumed. Kivalliq Energy is registered in Nunavut and has a waste generatornumber (NUG100036). All waste materials shipped from site are disposed of by KBLEnvironmental, an authorized disposal service based in Yellowknife.Table 4. Incineration Summary!"#$% &"'()*+,-.* /'01*(!"#$% &$'()*+ ,-./0*1 ,2#$%%3.451 67//839(#4" 6:4;"3<35*+*#4% 6=4> &$'()*+ ?@./0*1 ,A,2#$%%3.451 AB7//839(#4" ,B:4;"3<35*+*#4% @CDE+* &$'()*+ A6./0*1 FB2#$%%3.451 A7//839(#4" C:4;"3<35*+*#4% ,6DE%> &$'()*+ F@./0*1 @@2#$%%3.451 ,B7//839(#4" ,:4;"3<35*+*#4% B!E5E1' &$'()*+ GC./0*1 ,6?2#$%%3.451 ,C7//839(#4" @:4;"3<35*+*#4% BF9*"'*;H*# &$'()*+ ,,6./0*1 62#$%%3.451 A7//839(#4" 6:4;"3<35*+*#4% AI('/H*# &$'()*+ A,./0*1 62#$%%3.451 C7//839(#4" 6:4;"3<35*+*#4% BJ/'4%1 &$'()*+ @FG./0*1 CFF2#$%%3.451 ?67//839(#4" B6:4;"3<35*+*#4% G?/'$2234520.4678749#):#*(2$"(4;<*4&'002(-30FUEL INVENTORYKivalliq is permitted to cache 200 drums of fuel on the Angilak Property. Toaccommodate this capacity the company installed a 15’ x 60’ x 18” fuelmanufactured by Raymac Industries in British Columbia. The berm is located on theglaciofluvial gravel deposit directly adjacent to the Nutaaq camp. The site offers anideal smooth, sand covered, flat surface with no hazardous rocks or vegetation toperforate the berm membrane. The berm was lined with Spilfyter RailMat, a 3 plyhydrocarbon absorbent fabric from Pygmalion Environmental. Lengths ofdimensional lumber were laid down upon the RailMat liner in a manner to support 4rows of rolling fuel drums. Within the berm, drums were positioned with bungs at 3o’clock and 9 o’clock in two rows of two running the full 60’ length of the unit andpositioned so that bungs are visible for inspection at all times. To protect the bermfrom precipitation the entire unit was fitted with a two-piece overlapping sliding cover.The cover slides on and off from either side, over the length of the berm, and isopened as required when drums are inserted or removed.Empty fuel drums are removed from site regularly as backhaul cargo on the TurboOtter. Empties are returned to Aviation Fuel Enterprises in Baker Lake, anauthorized drum distributor, where they are cached to be reused for diesel fuel. OnApril 23, 2010 221 empties from the 2009 program were loaded onto a Cat Traincontracted from SK construction in Baker Lake and returned to Aviation FuelEnterprises.At commencement of the 2010 program, fuel was cached at two locations on theAngilak property. At the decommissioned Yat camp were 4 drums of jet fuel, 13drums of diesel, 30 100lb propane cylinders and 0.5 drums of low lead gas. At theNutaaq airstrip were 7 drums of jet fuel.A total of 618 drums of jet fuel, 422 drums of diesel fuel, 7 drums of low leadgasoline and 79 propane cylinders were used over the course of the program 2010program.At the end of the 2010 program the Nutaaq Camp fuel cache contained 33 drums ofjet fuel, 21 drums of diesel and 11 100lb propane cylinders. All empties from the2010 season have been removed from the property.Table 5. Fuel Cache Inventory – Close of CampOctober 25 2010 - Nutaaq Fuel Cache - Closing InventoryType Drums /CylindersJet B 33Diesel 21Propane 11Coordinates 62 34' 22" N Lat., 98 27' 31" W Long.31Raymac 15’ x 60’ Fuel Berm.RailMat 3 Ply hydrocarbon absorbent linerand lumber drum supports.Raymac 15’ x 60’ Fuel Berm with 2 piece sliding cover.FLIGHT SUMMARYExploration at Angilak relies upon aircraft support. The 2010 program wasfacilitated by two primary aircraft charter services. Ookpik Aviation Ltd based outof Baker Lake, Nunavut utilizing a Turbo Otter provided regular fixed wing flightsfrom Baker Lake into the Nutaaq camp. With 296 flights from Baker Lake into theNutaaq camp over the course of the program, the Ookpik Turbo Otter ferriedemployees, food, supplies, equipment and fuel into site. Between March 21 andJune 5 2010, Ookpik’s Turbo Otter had 75 flights that landed at 62 34’ 10” N. Lat.98 27’ 30” W. Long., on the lake ice approximately 200 metres southwest of theNutaaq camp facility. Fixed wing schedules into camp were temporarilySecondary containment isused to house the fuelstored on site.32suspended for a short break-up period in June. Utilizing the Nutaaq airstrip 1.5kilometres west of the Nutaaq camp at 62 34' 20" N Lat., 98 29' 10" W Long.fixed wing service to site resumed on June 21. The Ookpik Turbo Otter made anadditional 221 flights into camp over course of the program.On occasion Twin Otter aircraft were chartered from Air Tindi Ltd. and ArcticSunwest Ltd. from Yellowknife, Northwest Territories. These flights were used forlogistical support during certain times when increased fixed wing capacity wasrequired to facilitate the program. Specifically Air Tindi provided a Twin Otter toshuttle camp building materials to site during a March 25 to March 28 campmobilization period. A Twin Otter from Yellowknife was used to airlift fuel fromBaker Lake to Nutaaq from May 22 to May 24. A total of 24 flights landed on thelake ice at Nutaaq during during the spring work period. During the period of July25 to July 27 an Air Tindi Twin Otter on floats landing on lake south of camp wasused to shuttle a 2nd diamond drill from Baker Lake into site. A total of 7 TwinOtter flights on floats landed on the lake at this time.A Bell L4 Long Ranger helicopter contracted from Great Slave Helicopters out ofYellowknife Northwest Territories was used to support Kivalliq’s 2010 explorationprogram. The helicopter arrived on April 12 and remained on site to the programcompletion on October 25. The L4 flew a total of 870.4 hours. A secondhelicopter an MD 550D was active on site during July and August. This machineflew a total of 95.8 hours. The helicopters flew primarily between three points:the Nutaaq camp, the Lac Cinquante drill site the gravel airstrip, see Table 6. Asummary of the helicopter touchdown locations can be found in Appendix C.Table 6. Helicopter Touch Down Summary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

33RECLAMATIONKivalliq Energy Corp. has a policy of progressive reclamation. As work iscompleted at one site, the area will be cleaned and reclaimed as needed beforemoving to the next site. Photos will be taken of all sites requiring reclamationand will be submitted to the KIA and INAC in the annual report, see Appendix D.Drill sites will be reclaimed at the completion of each hole, unless due to badweather or other extenuating circumstances this is not possible. Whenimmediate reclamation is not possible, these sites will be recorded and re-visitedlater that same field season year or the following year.Kivalliq Energy Corp. will work closely with the KIA, INAC and the NWB todevelop alternative and acceptable measures of handling drill cuttings that havea greater than 0.05% uranium concentration. The water licence and land usepermit both state that these cuttings are to be placed back down the drill hole.This is not practical given the permafrost conditions in Nunavut. A significantamount of salt would be required to keep these holes open and even then thereis no guarantee that this would be sufficient to achieve the intent behind thiscondition.In the interim, a cutting retrieval system will be used during drill operations.Benign cuttings will be captured and stored in a natural depression as permitted.If uranium concentrations are greater than 0.05%, drill cuttings will be containedand stored in a well-marked location, similar to uranium core storage.SOCIO-ECONOMIC IMPACTS AND BENEFITSKivalliq Energy Corp. is in the early stages of exploration and evaluation. Thecompany and its management have demonstrated a strong commitment toNunavut by creating a new company whose focus is to explore the AngilakProject in partnership with the Inuit. By entering into a uranium explorationagreement with NTI, Kivalliq Energy Corp. provides benefits to the Inuit asshareholders in the company, as well as NTI having the option to participatedirectly in the project at a later date. Kivalliq’s agreement with NTI not onlycovers Inuit Owned Land, but extends the same benefits to a total 225,000 acresthat includes Crown claims held by Kivalliq. Kivalliq Energy Corp. will hire locallywhenever possible and will utilize northern businesses and services whereveravailable. A list of contractors whose services were utilized in 2010 is provided inAppendix E.34COMMUNITY CONSULTATIONKivalliq Energy is committed to the north and to northerners. Each yearrepresentatives from the company travel to the communities to provide updatesand to discuss upcoming programs. The community consultation log is providedin Appendix F.ARCHAEOLOGICAL, TRADITIONAL KNOWLEDGEIn 2010 archaeological sites were discovered and reported to the Government ofNunavut and to the KIA. These sites are not in an area of exploration or activity.They will be protected and avoided.In 2011, Kivalliq Energy will work with Points West Heritage Consulting Ltd. toconduct archaeology surveys in areas of planned activity.During all activities, all personnel and contractors are made aware that if anyarchaeological sites are discovered they are not to be disturbed, the GPScoordinates will be recorded and reported to the Government of Nunavut and theKIA. These sightings will also be reported in the annual report submitted to theKIA and INAC. This is discussed in greater detail in the Wildlife Managementand Mitigation Plan that has been previously submitted with the originalapplications to conduct work.During upcoming community visits, Kivalliq Energy will meet with elders todiscuss the work plan and proposed areas of interest. Any information that isshared regarding sites of historical significance, etc., will be incorporated in to thedesign of the program to ensure that these sites are protected for futuregenerations.35APPENDICESAppendix A: 2010 Cat Train Route CoordinatesAppendix B: 2010 Water UseAppendix C: 2010 Helicopter TouchdownsAppendix D: 2010 Drill Site PhotosAppendix E: 2010 Contractor ServicesAppendix F: 2010 Community Consultation LogAPPENDIX ACAT TRAIN ROUTE COORDINATESBaker Lake to Nutaaq Cat Train Route CoordinatesLatitude Longitude Latitude Longitude Latitude Longitude Latitude Longitude62.572 -98.472 64.0919 -96.3007 63.1839 -97.5629 62.6054 -98.663662.5731 -98.4573 64.1255 -96.2735 63.1671 -97.5705 62.6058 -98.635962.5732 -98.4852 64.1438 -96.2564 63.1519 -97.5803 62.6042 -98.60562.5732 -98.4572 63.3623 -97.4854 63.1357 -97.5867 62.6026 -98.57362.5732 -98.4853 63.3622 -97.4854 63.121 -97.5987 62.5989 -98.539862.5732 -98.4572 63.3623 -97.4854 63.1074 -97.6128 62.6009 -98.514462.5733 -98.4572 63.3623 -97.4854 63.0944 -97.637162.5733 -98.4853 64.1958 -96.22 63.0849 -97.6578 Decimal Degrees Nad 8362.5733 -98.4853 64.3024 -96.0743 63.0714 -97.683162.5733 -98.4571 63.3623 -97.4854 63.0562 -97.69562.5733 -98.4572 63.9565 -96.4463 63.0436 -97.701262.5734 -98.4575 62.5437 -98.9882 63.0304 -97.707462.5734 -98.4577 62.5733 -98.4572 63.0223 -97.713462.5734 -98.4576 62.5835 -98.882 63.006 -97.72362.5737 -98.4612 62.5715 -98.9155 62.9898 -97.732762.5738 -98.4593 62.5581 -98.9405 62.9731 -97.746962.5738 -98.4595 62.5416 -98.964 62.9554 -97.761162.5739 -98.4609 62.544 -98.9926 62.9413 -97.779562.5739 -98.4603 62.5439 -98.9926 62.9282 -97.796962.574 -98.4601 62.544 -98.9926 62.9188 -97.82363.2262 -97.544 62.544 -98.9927 62.9119 -97.851263.2525 -97.5252 62.544 -98.9926 62.9066 -97.888263.2745 -97.4952 62.544 -98.9927 62.9033 -97.929763.3069 -97.4871 62.544 -98.9928 62.898 -97.970163.3205 -97.496 63.9007 -96.5385 62.8947 -98.008263.3338 -97.4949 63.8869 -96.5663 62.8919 -98.040663.3488 -97.4906 63.8707 -96.6024 62.8871 -98.084363.3623 -97.4855 63.8574 -96.6324 62.8823 -98.125863.3623 -97.4854 63.8438 -96.6751 62.8779 -98.156163.3623 -97.4854 63.8265 -96.7389 62.8699 -98.196463.3623 -97.4854 63.8135 -96.7883 62.8589 -98.225763.3623 -97.4854 63.7985 -96.8402 62.8514 -98.251663.3623 -97.4854 63.7873 -96.8734 62.8429 -98.280863.3623 -97.4854 63.7737 -96.9239 62.8329 -98.314563.3624 -97.4855 63.7636 -96.9638 62.8253 -98.339163.3624 -97.4855 63.7554 -97 62.8147 -98.362863.3824 -97.4855 63.7459 -97.0479 62.8072 -98.38363.5704 -97.3642 63.7377 -97.0841 62.7976 -98.407663.5856 -97.3455 64.1098 -96.2869 62.786 -98.437963.5976 -97.3294 64.163 -96.2455 62.7749 -98.45763.6117 -97.3143 64.1836 -96.2294 62.7602 -98.47463.6118 -97.3144 64.2143 -96.2064 62.7444 -98.487663.6118 -97.3144 64.2328 -96.1882 62.7282 -98.496863.6118 -97.3144 64.2503 -96.1712 62.7144 -98.50763.6119 -97.3145 64.2688 -96.1517 62.6972 -98.51563.6226 -97.3022 64.2844 -96.1149 62.6819 -98.518663.6373 -97.2868 64.0212 -96.3513 62.6691 -98.519963.6518 -97.2696 64.0032 -96.3681 62.6544 -98.521363.6686 -97.2483 63.5554 -97.3797 62.6422 -98.521563.6825 -97.2314 63.5368 -97.4002 62.6309 -98.521663.6974 -97.2151 63.5181 -97.4149 62.6187 -98.518563.7114 -97.1917 63.4988 -97.4274 62.6075 -98.506563.7192 -97.1625 63.4816 -97.4386 62.5982 -98.486863.7295 -97.1273 63.4629 -97.4487 62.5874 -98.468263.9126 -96.5211 63.4447 -97.4588 62.5783 -98.462863.9259 -96.5012 63.4259 -97.4689 62.8744 -98.178563.9448 -96.469 63.4112 -97.4754 62.5874 -98.851663.9704 -96.4216 63.397 -97.483 62.5914 -98.820763.9903 -96.3836 63.2911 -97.4852 62.599 -98.789764.0398 -96.3376 63.2397 -97.5376 62.6025 -98.754364.0568 -96.3273 63.2113 -97.5514 62.6045 -98.724464.0741 -96.3144 63.196 -97.5578 62.6054 -98.6945

APPENDIX BWATER USE:CAMP &DRILLINGDate Time Volume (gal) Volume m3 Employee16-Apr 10:00 500 1.1 Discovery17-Apr 12:00 250 0.6 Byron18-Apr 12:00 300 0.7 Byron19-Apr 13:00 250 0.6 Byron20-Apr 10:00 400 0.9 Byron21-Apr 12:00 400 0.9 Byron22-Apr 12:00 250 0.6 Byron23-Apr 17:30 300 0.7 Byron24-Apr 12:00 300 0.7 Byron25-Apr 13:00 300 0.7 Byron26-Apr 20:30 300 0.7 Byron16-Apr 15:30 400 0.9 Byron28-Apr 16:30 485 1.1 Byron29-Apr 17:30 305 0.7 Byron30-Apr 17:20 255 0.6 Byron1-May 17:03 350 0.8 Byron3-May 16:48 463 1.0 Byron4-May 17:26 435 1.0 Byron6-May 17:16 516 1.1 Byron7-May 16:56 435 1.0 Byron9-May 19:35 280 0.6 Byron10-May 18:04 270 0.6 Byron11-May 20:41 390 0.9 Byron13-May 11:58 410 0.9 Byron14-May 10:50 435 1.0 Byron15-May 14:21 345 0.8 Byron16-May 16:01 425 0.9 Byron17-May 17:14 295 0.6 Byron18-May 14:45 130 0.3 Byron19-May 13:54 250 0.6 Byron20-May 16:41 330 0.7 Byron21-May 15:43 335 0.7 Byron22-May 14:52 310 0.7 Byron23-May 18:33 280 0.6 Byron24-May 18:46 375 0.8 Byron25-May 16:03 345 0.8 Byron26-May 17:53 370 0.8 Byron28-May 14:49 510 1.1 Byron30-May 9:30 360 0.8 Woody1-Jun 11:30 300 0.7 Woody3-Jun 13:30 325 0.7 Woody5-Jun 14:50 300 0.7 Woody8-Jun 14:00 410 0.9 Woody10-Jun 14:00 325 0.7 Woody15-Jun 14:00 350 0.8 Woody17-Jun 14:00 300 0.7 Woody19-Jun 14:00 250 0.6 Woody22-Jun 10:00 400 0.9 Woody23-Jun 12:00 250 0.6 Woody24-Jun 14:00 200 0.4 Woody25-Jun 15:00 300 0.7 Woody26-Jun 16:00 325 0.7 Woody27-Jun 20:15 200 0.4 Woody

2010 - Nutaaq Camp Water Use RecordDate Time Volume (gal) Volume m3 Employee28-Jun 10:00 300 0.7 Woody29-Jun 9:00 325 0.7 Woody30-Jun 9:00 300 0.7 Woody1-Jul 9:00 325 0.7 Woody1-Jul 19:30 225 0.5 Woody2-Jul 8:15 325 0.7 Woody2-Jul 17:30 200 0.4 Woody3-Jul 8:30 300 0.7 Woody3-Jul 16:30 200 0.4 Woody4-Jul 8:08 200 0.4 Woody4-Jul 19:30 200 0.4 Woody5-Jul 13:00 250 0.6 Woody6-Jul 9:25 300 0.7 Woody6-Jul 19:30 200 0.4 Woody7-Jul 12:45 250 0.6 Woody8-Jul 13:30 425 0.9 Woody9-Jul 17:00 400 0.9 KM10-Jul 17:00 500 1.1 KM11-Jul 15:00 500 1.1 KM12-Jul 17:00 300 0.7 KM13-Jul 11:00 225 0.5 KM14-Jul 9:00 400 0.9 KM14-Jul 20:00 200 0.4 KM15-Jul 9:00 300 0.7 KM16-Jul 10:30 300 0.7 KM17-Jul 10:00 450 1.0 KM18-Jul 9:30 500 1.1 KM19-Jul 15:00 500 1.1 KM20-Jul 17:00 300 0.7 KM21-Jul 11:00 225 0.5 KM22-Jul 9:00 400 0.9 Woody23-Jul 10:00 350 0.8 Woody23-Jul 19:00 300 0.7 Woody24-Jul 8:30 400 0.9 Woody24-Jul 18:30 350 0.8 Woody25-Jul 9:30 400 0.9 Woody25-Jul 16:30 300 0.7 Woody26-Jul 8:20 400 0.9 Woody26-Jul 19:00 400 0.9 Woody27-Jul 8:30 600 1.3 Woody27-Jul 19:00 400 0.9 Woody28-Jul 9:00 350 0.8 Woody28-Jul 20:00 600 1.3 Woody29-Jul 9:00 400 0.9 Woody29-Jul 18:30 360 0.8 Woody30-Jul 8:30 425 0.9 Woody30-Jul 19:30 300 0.7 Woody31-Jul 8:15 450 1.0 Woody1-Aug 8:00 600 1.3 Woody1-Aug 18:30 300 0.7 Woody2-Aug 9:00 150 0.3 Woody2-Aug 19:00 450 1.0 Woody3-Aug 8:30 500 1.1 Woody3-Aug 19:30 350 0.8 WoodyDate Time Volume (gal) Volume m3 Employee4-Aug 7:30 400 0.9 Woody4-Aug 19:00 350 0.8 Woody5-Aug 8:30 600 1.3 Woody5-Aug 19:30 300 0.7 Woody6-Aug 18:30 600 1.3 Woody7-Aug 7:30 550 1.2 Woody8-Aug 7:00 500 1.1 Woody9-Aug 13:00 550 1.2 Woody10-Aug 16:00 500 1.1 Woody11-Aug 16:30 600 1.3 Woody12-Aug 17:00 600 1.3 Woody13-Aug 14:30 550 1.2 Woody14-Aug 16:30 600 1.3 Woody15-Aug 9:30 500 1.1 Woody15-Aug 17:30 400 0.9 Woody16-Aug 16:30 600 1.3 Woody17-Aug 18:30 650 1.4 Woody18-Aug 18:00 600 1.3 Woody19-Aug 17:30 650 1.4 Woody20-Aug 17:00 550 1.2 Woody21-Aug 17:30 650 1.4 Woody22-Aug 18:30 600 1.3 Woody23-Aug 18:00 650 1.4 Woody24-Aug 8:00 300 0.7 Woody24-Aug 18:00 250 0.6 Woody25-Aug 8:30 250 0.6 Woody25-Aug 18:30 450 1.0 Woody26-Aug 17:00 500 1.1 Woody27-Aug 18:00 600 1.3 Woody28-Aug 8:30 400 0.9 Woody28-Aug 18:00 350 0.8 Woody29-Aug 16:30 550 1.2 Woody30-Aug 16:45 500 1.1 K. Osmond31-Aug 14:00 500 1.1 K. Osmond1-Sep 10:30 400 0.9 K. Osmond2-Sep 9:00 450 1.0 K. Osmond3-Sep 8:30 500 1.1 K. Osmond4-Sep 9:15 400 0.9 K. Osmond5-Sep 8:00 500 1.1 K. Osmond6-Sep 10:00 350 0.8 K. Osmond7-Sep 7:30 400 0.9 K. Osmond8-Sep 8:30 550 1.2 K. Osmond9-Sep 7:30 450 1.0 K. Osmond10-Sep 9:00 500 1.1 K. Osmond11-Sep 8:30 450 1.0 K. Osmond12-Sep 9:15 400 0.9 K. Osmond13-Sep 10:30 500 1.1 K. Osmond14-Sep 8:30 500 1.1 K. Osmond15-Sep 9:30 400 0.9 K. Osmond16-Sep 8:30 500 1.1 K. Osmond17-Sep 12:30 450 1.0 K. Osmond18-Sep 9:00 500 1.1 K. Osmond19-Sep 8:30 500 1.1 K. Osmond20-Sep 10:30 500 1.1 K. OsmondDate Time Volume (gal) Volume m3 Employee21-Sep 9:00 450 1.0 K. Osmond22-Sep 13:00 500 1.1 K. Osmond23-Sep 8:00 400 0.9 K. Osmond24-Sep 9:00 500 1.1 K. Osmond25-Sep 10:30 400 0.9 K. Osmond26-Sep 10:30 500 1.1 K. Osmond27-Sep 10:30 400 0.9 K. Osmond28-Sep 9:00 450 1.0 K. Osmond29-Sep 8:30 500 1.1 K. Osmond30-Sep 9:15 400 0.9 K. Osmond1-Oct 8:00 500 1.1 K. Osmond2-Oct 8:30 400 0.9 K. Osmond3-Oct 7:30 400 0.9 K. Osmond4-Oct 8:30 550 1.2 K. Osmond5-Oct 7:30 450 1.0 K. Osmond6-Oct 9:00 500 1.1 K. Osmond7-Oct 8:30 500 1.1 K. Osmond8-Oct 9:15 400 0.9 K. Osmond9-Oct 9:00 500 1.1 K. Osmond10-Oct 8:30 500 1.1 K. Osmond11-Oct 9:30 400 0.9 K. Osmond12-Oct 9:00 450 1.0 Chad13-Oct 8:30 500 1.1 Chad14-Oct 9:15 400 0.9 Chad15-Oct 8:00 500 1.1 Chad16-Oct 8:30 500 1.1 Chad17-Oct 7:30 500 1.1 Chad18-Oct 8:30 400 0.9 Chad19-Oct 9:15 500 1.1 Chad20-Oct 8:00 500 1.1 Chad21-Oct 8:30 400 0.9 ChadDate Rig 1201 Rig 1224 TOTAL Date Rig 1201 Rig 1224 TOTALm3/day m3/day m3/day m3/day m3/day m3/day24-Apr 17.6 17.6 23-Jun 41.8 41.825-Apr 48.4 48.4 24-Jun 11 1126-Apr 0 0 25-Jun 24.2 24.227-Apr 19.8 19.8 26-Jun 33 3328-Apr 48.4 48.4 27-Jun 24.2 24.229-Apr 33 33 28-Jun 24.2 24.230-Apr 46.2 46.2 29-Jun 4.4 4.41-May 39.6 39.6 30-Jun 2.2 2.22-May 13.2 13.2 1-Jul 13.2 13.23-May 39.6 39.6 2-Jul 31.9 31.94-May 26.4 26.4 3-Jul 30.8 30.85-May 39.6 39.6 4-Jul 48.4 48.46-May 33 33 5-Jul 13.2 13.27-May 28.6 28.6 6-Jul 37.4 37.48-May 19.8 19.8 7-Jul 41.8 41.89-May 48.4 48.4 8-Jul 37.4 37.410-May 33 33 9-Jul 44 4411-May 44 44 10-Jul 15.4 15.412-May 35.2 35.2 11-Jul 33 3313-May 17.6 17.6 12-Jul 35.2 35.214-May 44 44 13-Jul 39.6 39.615-May 33 33 14-Jul 22 2216-May 46.2 46.2 15-Jul 48.4 48.417-May 19.8 19.8 16-Jul 26.4 26.418-May 13.2 13.2 17-Jul 22 2219-May 37.4 37.4 18-Jul 33 3320-May 37.4 37.4 19-Jul 37.4 37.421-May 44 44 20-Jul 26.4 26.422-May 37.4 37.4 21-Jul 45.1 45.123-May 11 11 22-Jul 13.2 13.224-May 30.8 30.8 23-Jul 15.4 15.425-May 13.2 13.2 24-Jul 33 3325-Jul 34.1 34.126-Jul 41.8 41.827-Jul 37.4 37.428-Jul 35.2 35.229-Jul 26.4 2nd Rig Starts 26.430-Jul 0 4.4 4.431-Jul 48.4 28.6 771-Aug 34.1 33 67.12-Aug 44 44 883-Aug 28.6 8.8 37.44-Aug 39.6 31.9 71.55-Aug 4.4 13.2 17.66-Aug 33 28.6 61.67-Aug 15.4 33 48.48-Aug 33 6.6 39.69-Aug 33 35.2 68.210-Aug 22 19.8 41.811-Aug 41.8 39.6 81.412-Aug 37.4 30.8 68.213-Aug 37.4 4.4 41.814-Aug 0 41.8 41.815-Aug 35.2 38.5 73.716-Aug 19.8 0 19.817-Aug 19.8 0 19.818-Aug 28.6 33 61.619-Aug 17.6 41.8 59.4BREAK UP PERIOD - DRILL SHUT DOWN

2010 - Angilak Drill Program - Water Use RecordDate Rig 1201 Rig 1224 TOTALm3/day m3/day m3/day20-Aug 11 15.4 26.421-Aug 26.4 44 70.422-Aug 33 26.4 59.423-Aug 31.9 44 75.924-Aug 35.2 46.2 81.425-Aug 6.6 41.8 48.426-Aug 22 8.8 30.827-Aug 28.6 26.4 5528-Aug 22 30.8 52.829-Aug 26.4 11 37.430-Aug 8.8 28.6 37.431-Aug 13.2 39.6 52.81-Sep 26.4 28.6 552-Sep 19.8 30.8 50.63-Sep 19.8 13.2 334-Sep 6.6 39.6 46.25-Sep 23.1 13.2 36.36-Sep 28.6 37.4 667-Sep 19.8 44 63.88-Sep 33 7.7 40.79-Sep 13.2 28.6 41.810-Sep 24.2 22 46.211-Sep 26.4 24.2 50.612-Sep 30.8 41.8 72.613-Sep 44 15.4 59.414-Sep 8.8 24.2 3315-Sep 14.3 44 58.316-Sep 33 29.7 62.717-Sep 2.2 8.8 1118-Sep 44 34.1 78.119-Sep 33 23.1 56.120-Sep 35.2 8.8 4421-Sep 24.2 44 68.222-Sep 26.4 20.9 47.323-Sep 41.8 26.4 68.224-Sep 31.9 41.8 73.725-Sep 4.4 24.2 28.626-Sep 44 35.2 79.227-Sep 31.9 0 31.928-Sep 15.4 26.4 41.829-Sep 0 17.6 17.630-Sep 35.2 35.2 70.41-Oct 44 44 882-Oct 27.5 37.4 64.93-Oct 13.2 24.2 37.44-Oct 37.4 15.4 52.85-Oct 23.1 33 56.16-Oct 44 34.1 78.17-Oct 31.9 33 64.98-Oct 13.2 41.8 559-Oct 44 27.5 71.510-Oct 28.6 13.2 41.811-Oct 44 46.2 90.212-Oct 17.6 26.4 4413-Oct 22 8.8 30.814-Oct 6.6 20.9 27.515-Oct 28.6 0 28.6PROGRAM CLOSURE - DRILL RIGS SHUT DOWN

APPENDIX CHELICOPTER LOGDate Camp Airstrip DrillsHistoric CoreShack (Tupiq)Field(prospectors)Other12-Apr 113-Apr 514-Apr 1 115-Apr 3 316-Apr 3 3 - YAT Camp17-Apr 4 418-Apr 3 319-Apr 5 420-Apr 8 1621-Apr 6 622-Apr 4 423-Apr 5 4 1 - YAT Camp24-Apr 3 325-Apr 6 3 2 - Baker Lake26-Apr 4 427-Apr 8 828-Apr 7 529-Apr 9 730-Apr 5 31-May 7 32-May 6 63-May 3 24-May 6 3 1 - Ferguson Lake5-May 4 3 1 - Ferguson Lake6-May 8 67-May 3 28-May 9 59-May 4 410-May 6 52010 Helicopter Up/Down LogTouchdownsDate Camp Airstrip DrillsHistoric CoreShack (Tupiq)Field(prospectors)Other2010 Helicopter Up/Down LogTouchdowns11-May 3 212-May 4 213-May 6 814-May 5 315-May 7 616-May 7 617-May 4 318-May 3 319-May 5 520-May 3 221-May 6 622-May 3 223-May 3 224-May 6 625-May 6 6 126-May 2 227-May 4 428-May29-May30-May31-May 2 2 - Megabag Sites1-Jun2-Jun3-Jun 3 34-Jun 1 15-Jun6-Jun7-Jun8-JunDate Camp Airstrip DrillsHistoric CoreShack (Tupiq)Field(prospectors)Other2010 Helicopter Up/Down LogTouchdowns9-Jun10-Jun11-Jun 5 2 - Megabags12-Jun13-Jun14-Jun15-Jun16-Jun17-Jun18-Jun19-Jun 1 120-Jun 2 221-Jun 4 422-Jun 7 2 523-Jun 6 1 424-Jun 8 2 425-Jun 6 2 326-Jun 8 3 327-Jun 8 1 728-Jun 9 2 529-Jun 8 1 830-Jun 10 3 81-Jul 3 1 22-Jul 5 1 4 Weather station, dustfall stations, dens3-Jul 5 3 2 Weather station, water stations4-Jul 11 4 4 Water stations5-Jul 15 3 126-Jul 13 4 107-Jul 9 5 6Date Camp Airstrip DrillsHistoric CoreShack (Tupiq)Field(prospectors)Other2010 Helicopter Up/Down LogTouchdowns8-Jul 5 1 49-Jul 6 3 410-Jul 10 4 811-Jul 11 2 712-Jul 15 3 1213-Jul 13 4 1114-Jul 10 4 815-Jul 11 2 7 2 216-Jul 15 3 12 2 217-Jul 13 4 11 2 218-Jul 12 4 8 2 219-Jul 11 2 7 2 220-Jul 15 3 12 2 221-Jul 13 4 11 2 222-Jul 10 4 8 2 223-Jul 11 2 14 2 224-Jul 15 3 12 2 225-Jul 12 5 11 2 226-Jul 5 2 1 2 227-Jul 7 3 3 2 228-Jul 6 2 3 2 229-Jul 11 5 8 2 230-Jul 6 2 2 2 231-Jul 10 4 4 2 21-Aug 14 5 3 2 22-Aug 5 2 4 2 23-Aug 7 3 3 2 24-Aug 6 2 3 2 35-Aug 9 3 5Date Camp Airstrip DrillsHistoric CoreShack (Tupiq)Field(prospectors)Other2010 Helicopter Up/Down LogTouchdowns6-Aug 6 2 2 2 37-Aug 10 4 4 2 28-Aug 7 3 4 2 29-Aug 6 1 3 2 1 - Ferguson Lake10-Aug 12 5 4 611-Aug 6 2 6 312-Aug 8 5 3 313-Aug 11 2 614-Aug 6 3 2 1 2 7 - Water Stations, 1 - Check out old camp from '70's15-Aug 5 2 416-Aug 5 2 417-Aug 5 1 6 1 - Weather Station, Dust stations and den search18-Aug 5 3 6 1 - Weather Station, 3 - Water Sampling19-Aug 10 2 6 1 1 - Weather Station, 3 - Den surveys20-Aug 11 5 521-Aug 12 2 522-Aug 9 4 4 1 - Baker Lake23-Aug 8 2 724-Aug 9 3 925-Aug 10 2 626-Aug 11 5 527-Aug 12 2 528-Aug 9 4 429-Aug 8 2 730-Aug 9 3 9 2 231-Aug 9 4 4 2 21-Sep 8 2 7 2 22-Sep 9 3 9 2 23-Sep 10 2 6 2 2Date Camp Airstrip DrillsHistoric CoreShack (Tupiq)Field(prospectors)Other2010 Helicopter Up/Down LogTouchdowns4-Sep 6 2 2 2 25-Sep 10 4 4 2 36-Sep 7 3 4 2 27-Sep 6 1 3 2 38-Sep 12 5 4 2 29-Sep 6 2 6 2 210-Sep 8 5 3 2 311-Sep 8 2 7 2 212-Sep 9 3 9 2 213-Sep 10 2 6 2 314-Sep 8 5 3 2 215-Sep 8 2 7 2 116-Sep 11 2 7 217-Sep 14 2 10 2 - Megabags18-Sep 12 3 819-Sep 9 4 6 2 420-Sep 4 1 1 121-Sep 9 2 522-Sep 9 4 723-Sep 10 2 5 4 - Megabags24-Sep 4 1 625-Sep 9 3 626-Sep 13 3 527-Sep 11 5 5 1 - Ferguson Lake28-Sep 3 1 329-Sep 3 1 230-Sep 5 1 41-Oct 5 3 22-Oct 11 4 4 7 - Water StationsDate Camp Airstrip DrillsHistoric CoreShack (Tupiq)Field(prospectors)Other2010 Helicopter Up/Down LogTouchdowns3-Oct 15 3 124-Oct 13 4 105-Oct 9 5 66-Oct 5 1 47-Oct 6 3 4 2 - Megabags8-Oct 10 4 89-Oct 6 610-Oct 7 2 611-Oct 4 1 412-Oct 7 2 4 4 - Megabags13-Oct 6 814-Oct 8 3 615-Oct 8 4 816-Oct 6 2 617-Oct 8 3 6 - Megabags18-Oct 6 3 219-Oct 3 320-Oct 2 221-Oct 2 2APPENDIX DDRILL HOLE LOCATIONS ANDDRILL SITE PHOTOSDDH Easting Northing Elev. AZ DIP EOH (m) Section Level Start Finish Surveyed10-LC-001 519509 6940027 209 26 -45 104 7700E 150m 24-Apr-10 26-Apr-10 Yes10-LC-002 519289 6940087 212 26 -71 134 7475E 100m 27-Apr-10 29-Apr-10 Yes10-LC-003 519289 6940087 212 26 -78 164 7475E 75m 29-Apr-10 1-May-10 Yes10-LC-004 519256 6940022 208 26 -60 197 7475E 50m 1-May-10 4-May-10 Yes10-LC-005 519255 6940022 208 9 -61 194 7450E 50m 5-May-10 7-May-10 Yes10-LC-006 519232 6940029 208 26 -68 218 7450E 25m 8-May-10 10-May-10 Yes10-LC-007 519232 6940029 208 26 -54 185 7450E 75m 10-May-10 12-May-10 Yes10-LC-008 519174 6940024 206 26 -60 215 7400E 50m 13-May-10 15-May-10 Yes10-LC-009 519174 6940024 206 26 -72 254 7400E 0m 15-May-11 17-May-10 Yes10-LC-010 518490 6940332 225 26 -63 215 6650E 50m 18-May-10 20-May-10 Yes10-LC-011 518490 6940332 225 26 -55 188 6650E 75m 20-May-10 21-May-10 Yes10-LC-012 518490 6940333 225 26 -49 167 6650E 110m 22-May-10 23-May-10 Yes10-LC-013 517890 6940581 238 26 -69 143 6000E 125m 24-May-10 26-May-10 Yes10-LC-014 517889 6940581 238 26 -79 137 6000E 100m 22-Jun-10 24-Jun-10 Yes10-LC-015 519109 6940123 211 26 -45 107 7300E 195m 25-Jun-10 26-Jun-10 No10-LC-016 519109 6940123 211 26 -71 149 7300E 195m 27-Jun-10 29-Jun-10 No10-LC-017 518627 6940384 215 26 -45 74 6750E 185m 29-Jun-10 2-Jul-10 Yes10-LC-018 518626 6940383 215 26 -75 92 6750E 150m 2-Jul-10 4-Jul-10 Yes10-LC-019 518626 6940383 215 26 -82 149 6750E 100m 4-Jul-10 5-Jul-10 Yes10-LC-020 518818 6940204 209 26 -45 164 7000E 100m 5-Jul-10 6-Jul-10 Yes10-LC-021 518817 6940203 209 26 -65 197 7000E 50m 7-Jul-10 8-Jul-10 Yes10-LC-022 518817 6940203 209 26 -76 235 7000E 0m 8-Jul-10 10-Jul-10 Yes10-LC-023 518624 6940267 217 26 -45 173 6800E 100m 11-Jul-10 12-Jul-10 Yes10-LC-024 518624 6940266 217 26 -58 203 6800E 50m 12-Jul-10 14-Jul-10 Yes10-LC-025 518624 6940266 217 26 -73 284 6800E 0m 15-Jul-10 17-Jul-10 Yes10-LC-026 518464 6940396 226 26 -45 53 6600E 150m 18-Jul-10 18-Jul-10 Yes10-LC-027 518464 6940395 226 26 -65 128 6600E 125m 18-Jul-10 19-Jul-10 Yes10-LC-028 518464 6940394 226 26 -73 167 6600E 75m 19-Jul-10 20-Jul-10 Yes10-LC-029 518465 6940396 226 36 -45 161 6612.5E 150m 20-Jul-10 22-Jul-10 Yes10-LC-030 519075 6940164 208 26 -45 95 7250E 150m 22-Jul-10 24-Jul-10 Yes10-LC-031 519074 6940163 208 26 -72 116 7250E 100m 24-Jul-10 26-Jul-10 Yes10-LC-032 519074 6940163 208 26 -82 152 7250E 50m 26-Jul-10 27-Jul-10 Yes10-LC-033 519074 6940163 208 26 -87 194 7250E 25m 27-Jul-10 30-Jul-10 Yes10-LC-034 519161 6940112 208 26 -45 98 7350E 150m 30-Jul-10 1-Aug-10 Yes10-LC-035 519160 6940111 208 26 -69 128 7350E 100m 1-Aug-10 3-Aug-10 Yes10-LC-036 519160 6940110 208 26 -81 155 7350E 70m 3-Aug-10 7-Aug-10 Yes10-LC-037 519215 6940110 210 26 -45 101 7400E 150m 7-Aug-10 8-Aug-10 Yes10-LC-038 519215 6940109 210 26 -75 126 7400E 100m 9-Aug-09 10-Aug-10 Yes10-LC-039 519215 6940109 210 26 -83 168 7400E 60m 10-Aug-10 13-Aug-10 Yes10-LC-040 519066 6940027 207 26 -60 256 7300E 40m 16-Aug-10 19-Aug-10 Yes10-LC-041 519031 6940190 210 26 -45 71 7200E 170m 20-Aug-10 21-Aug-10 Yes10-LC-042 519030 6940188 210 26 -87 164 7200E 60m 21-Aug-10 22-Aug-10 Yes10-LC-043 519031 6940189 210 26 -60 74 7200E 160m 22-Aug-10 23-Aug-10 Yes10-LC-044 519031 6940188 210 26 -80 134 7200E 95m 23-Aug-10 24-Aug-10 Yes10-LC-045 519376 6940095 210 26 -45 68 7550E 175m 25-Aug-10 26-Aug-10 Yes10-LC-046 519376 6940094 210 26 -74 102 7550E 125m 26-Aug-10 27-Aug-10 Yes10-LC-047 519376 6940094 210 26 -86 149 7550E 85m 28-Aug-10 29-Aug-10 Yes10-LC-048 519524 6940056 209 26 -45 62 7700E 175m 30-Aug-10 31-Aug-10 Yes10-LC-049 519523 6940054 209 26 -87 101 7700E 125m 31-Aug-10 1-Sep-10 Yes10-LC-050 519277 6940121 211 26 -45 65 7450E 175m 30-Jul-10 1-Aug-10 Yes10-LC-051 519277 6940120 210 26 -78 101 7450E 125m 1-Aug-10 2-Aug-10 Yes10-LC-052 518995 6940230 211 26 -45 65 7150E 175m 3-Aug-10 4-Aug-10 Yes10-LC-053 518995 6940229 211 26 -80 92 7150E 150m 4-Aug-10 6-Aug-10 Yes10-LC-054 518947 6940243 211 26 -45 71 7100E 175m 6-Aug-10 7-Aug-10 Yes10-LC-055 518947 6940241 211 26 -73 86 7100E 150m 7-Aug-10 8-Aug-10 Yes10-LC-056 518896 6940136 210 26 -56 176 7100E 75m 8-Aug-10 10-Aug-10 Yes10-LC-057 518896 6940136 209 26 -70 218 7100E 50m 10-Aug-10 13-Aug-10 Yes10-LC-058 518881 6940222 210 26 -68 185 7050E 100m 13-Aug-10 16-Aug-10 Yes10-LC-059 518764 6940206 211 26 -45 176 6950E 100m 16-Aug-10 20-Aug-10 Yes

2010 Angilak Drill Hole Collar Data and Coordinates (Nad 83 z14)DDH Easting Northing Elev. AZ DIP EOH Section Level Start Finish Surveyed10-LC-060 518763 6940205 211 26 -71 210 6950E 125m 20-Aug-10 22-Aug-10 Yes10-LC-061 518763 6940204 211 26 -86 356 6950E 50m 22-Aug-10 25-Aug-10 Yes10-LC-062 518676 6940371 211 26 -52 69 6800E 175m 26-Aug-10 27-Aug-10 Yes10-LC-063 518676 6940370 211 26 -74 89 6800E 150m 27-Aug-10 28-Aug-10 Yes10-LC-064 518676 6940370 211 26 -82 110 6800E 125m 28-Aug-10 29-Aug-10 Yes10-LC-065 518710 6940329 210 26 -48 93 6850E 150m 29-Aug-10 30-Aug-10 Yes10-LC-066 518710 6940328 210 26 -86 158 6850E 75m 30-Aug-10 1-Sep-10 Yes10-LC-067 518710 6940328 210 26 -78 146 6850E 100m 1-Sep-10 2-Sep-10 Yes10-LC-068 518580 6940289 219 26 -60 224 6750E 50m 3-Sep-10 5-Sep-10 Yes10-LC-069 518580 6940289 219 26 -70 272 6750E 100m 5-Sep-10 8-Sep-10 Yes10-LC-070 518423 6940425 227 26 -45 110 6550E 160m 8-Sep-10 9-Sep-10 No10-LC-071 518423 6940425 227 26 -75 143 6550E 100m 9-Sep-10 10-Sep-10 No10-LC-072 518423 6940425 227 26 -83 179 6550E 050m 11-Sep-10 13-Sep-10 No10-LC-073 518423 6940419 229 26 -90 302 6550E -050m 14-Sep-10 16-Sep-10 Yes10-LC-074 518536 6940428 220 26 -45 68 6650E 192m 17-Sep-10 18-Sep-10 No10-LC-075 518536 6940428 220 26 -82 86 6650E 153m 18-Sep-10 19-Sep-10 No10-LC-076 518536 6940428 220 26 -66 56 6650E 175m 19-Sep-10 19-Sep-10 No10-LC-077 518513 6940268 223 26 -45 227 6700E 075m 20-Sep-10 23-Sep-10 No10-LC-078 518513 6940268 223 26 -60 260 6700E 025m 23-Sep-10 25-Sep-10 No10-LC-079 518513 6940268 223 26 -70 281 6700E -025m 25-Sep-10 29-Sep-10 No10-LC-080 518513 6940268 223 26 -76 321 6700E -035m 30-Sep-10 3-Oct-10 No10-LC-081 519601 6939989 209 26 -45 82 7800E 170m 2-Sep-10 3-Sep-10 Yes10-LC-082 519600 6939987 209 26 -77 89 7800E 130m 3-Sep-10 4-Sep-10 Yes10-LC-083 519641 6939952 207 26 -45 82 7850E 170m 5-Sep-10 6-Sep-10 Yes10-LC-084 519641 6939951 207 26 -80 107 7850E 125m 6-Sep-10 7-Sep-10 Yes10-LC-085 519666 6939889 204 26 -45 98 7900E 150m 7-Sep-10 8-Sep-10 Yes10-LC-086 519665 6939888 204 26 -77 131 7900E 100m 8-Sep-10 9-Sep-10 Yes10-LC-087 519550 6939995 209 26 -45 93 7750E 150m 10-Sep-10 11-Sep-10 Yes10-LC-088 519549 6939994 209 26 -73 119 7750E 100m 11-Sep-10 12-Sep-10 Yes10-LC-089 519548 6939995 208 26 -88 167 7750E 050m 12-Sep-10 14-Sep-10 No10-LC-090 519473 6940069 210 26 -45 68 7650E 175m 14-Sep-10 15-Sep-10 No10-LC-091 519473 6940066 209 26 -81 110 7650E 125m 15-Sep-10 16-Sep-10 Yes10-LC-092 519395 6940024 208 26 -56 152 7600E 100m 17-Sep-10 19-Sep-10 No10-LC-093 519395 6940024 208 26 -72 194 7600E 50m 19-Sep-10 20-Sep-10 No10-LC-094 519395 6940024 208 26 -79 145 7600E LOST 21-Sep-10 22-Sep-10 No10-LC-095 519395 6940024 208 26 -81 252 7600E 0m 22-Sep-10 25-Sep-10 No10-LC-096 519250 6939954 208 26 -50 245 7500E 025m 25-Sep-10 27-Sep-10 No10-LC-097 519250 6939954 208 26 -62 47 7500E LOST 27-Sep-10 28-Sep-10 No10-LC-098 519250 6939954 208 26 -65 302 7500E -050m 29-Sep-10 2-Oct-10 No10-LC-099 519469 6939948 207 26 -65 185 7700E 050m 3-Oct-10 4-Oct-10 No10-LC-100 519469 6939948 207 26 -80 251 7700E 0m 5-Oct-10 7-Oct-10 No10-LC-101 519551 6939887 204 26 -51 182 7800E 75m 8-Oct-10 10-Oct-10 No10-LC-102 519551 6939887 204 26 -65 221 7800E 25m 10-Oct-10 12-Oct-10 No10-LC-110 518420 6940306 227 26 -55 248 6600E 050m 4-Oct-10 6-Oct-10 No10-LC-111 518420 6940306 227 26 -66 290 6600E 0m 6-Oct-10 9-Oct-10 No10-LC-112 518958 6940154 213 26 -60 197 7150E -050m 9-Oct-10 12-Oct-10 No10-NE-001 516599 6940564 210 35 -45 95 N/A N/A 13-Oct-10 15-Oct-10 No10-L52-001 520670 6940105 205 40 -45 95 N/A N/A 13-Oct-10 16-Oct-10 No

Lac Cinquante 2010 Drill SitesAfter Drilling Photos10-LC-001UTM 14Z 519506E 6940025NApril 24 2010 to 26 April 201010-LC-002 + 10-LC-003UTM 14Z 519285E 6940086N10-LC-002: April 27 2010 to April 29 201010-LC-003: April 29 2010 to May 1 201010-LC-004 + 10-LC-005UTM 14Z 519256E 6940022N10-LC-004: May 1 2010 to May 4 201010-LC-005: May 5 2010 to May 7 201010-LC-006 + 10-LC-007UTM 14Z 519231E 6940031N10-LC-006: May 8 2010 to May 10 201010-LC-007: May 10 2010 to May 12 2010Lac Cinquante 2010 Drill SitesAfter Drilling Photos10-LC-008 + 10-LC-009UTM 14Z 519173E 6940024N10-LC-008: May 13 2010 to May 15 201010-LC-009: May15 2010 to May 17 201010-LC-010 + 10-LC-011 + 10-LC-012UTM 14Z 518489E 6940333N10-LC-010: May 18 2010 to May 20 201010-LC-011: May 20 2010 to May 21 201010-LC-012: May 22 2010 to May 23 201010-LC-013 + 10-LC-014UTM 14Z 517889E 6940582N10-LC-013: May 24 2010 to May 26 201010-LC-014: June 22 2010 to June 24 201010-LC-015 + 10-LC-016UTM 14Z 519109E 6940123N10-LC-015: June 25 2010 to June 26 201010-LC-016: June 27 2010 to June 29 2010Lac Cinquante 2010 Drill SitesAfter Drilling Photos10-LC-017 + 10-LC-018 + 10-LC-019UTM 14Z 518625E 6940384N10-LC-017: June 29 2010 to July 2 201010-LC-018: July 2 2010 to July 4 201010-LC-019: July 4 2010 to July 5 201010-LC-020 + 10-LC-021 + 10-LC-022UTM 14Z 518816E 6940205N10-LC-020: July 5 2010 to July 6 201010-LC-021: July 7 2010 to July 8 201010-LC-022: July 8 2010 to July 10 201010-LC-023 + 10-LC-024 + 10-LC-025UTM 14Z 518623E 6940266N10-LC-023: July 11 2010 to July 12 201010-LC-024: July 12 2010 to July 14 201010-LC-025: July 15 2010 to July 17 201010-LC-026 + 10-LC-027 + 10-LC-028 + 10-LC-029UTM 14Z 51846 694039710-LC-026: July 18 2010 to July 18 201010-LC-027: July 18 2010 to July 19 201010-LC-028: July 19 2010 to July 20 201010-LC-029: July 20 2010 to July 22 2010Lac Cinquante 2010 Drill SitesAfter Drilling Photos10-LC-030 + 10-LC-031 + 10-LC-032 + 10-LC-033UTM 14Z 519072 694016010-LC-030: July 22 2010 to July 24 201010-LC-031: July 24 2010 to July 26 201010-LC-032: July 26 2010 to July 27 201010-LC-033: July 27 2010 to July 30 201010-LC-034 + 10-LC-035 + 10-LC-036UTM 14Z 519160 694011110-LC-034: July 30 2010 to August 1 201010-LC-035: August 1 2010 to August 3 201010-LC-036: August 3 2010 to August 7 201010-LC-037 + 10-LC-038 + 10-LC-039UTM 14Z 519214 694010910-LC-037: August 7 2010 to August 8 201010-LC-038: August 9 2010 to August 10 201010-LC-039: August 10 2010 to August 13 201010-LC-040UTM 14Z 519064 6940028August 16 2010 to August 19 2010Lac Cinquante 2010 Drill SitesAfter Drilling Photos10-LC-041 + 10-LC-042 + 10-LC-043 + 10-LC-044UTM 14Z 519031 694018910-LC-041: August 20 2010 to August 21 201010-LC-042: August 21 2010 to August 22 201010-LC-043: August 22 2010 to August 23 201010-LC-044: August 23 2010 to August 24 201010-LC-045 + 10-LC-046 + 10-LC-047UTM 14Z 519375 694009710-LC-045: August 25 2010 to August 26 201010-LC-046: August 26 2010 to August 27 201010-LC-047: August 28 2010 to August 29 201010-LC-048 + 10-LC-049UTM 14Z 519523 694005710-LC-048: August 30 2010 to August 31 201010-LC-049: August 31 2010 to September 1 201010-LC-050 + 10-LC-05110-LC-050: July 30 2010 to August 1 201010-LC-051: August 1 2010 to August 2 2010Lac Cinquante 2010 Drill SitesAfter Drilling Photos10-LC-052 + 10-LC-05310-LC-052: August 3 2010 to August 4 201010-LC-053: August 4 2010 to August 6 201010-LC-054 + 10-LC-055UTM 14Z 518945 694024110-LC-054: August 6 2010 to August 7 201010-LC-055: August 7 2010 to August 8 201010-LC-056 + 10-LC-057UTM 14Z 518894 694013710-LC-056: August 8 2010 to August 10 201010-LC-057: August 10 2010 to August 13 201010-LC-058UTM 14Z 518879 6940222August 13 2010 to August 16 2010Lac Cinquante 2010 Drill SitesAfter Drilling Photos10-LC-059 + 10-LC-060 + 10-LC-061UTM 14Z 518762 694020710-LC-059: August 16 2010 to August 20 201010-LC-060: August 20 2010 to August 22 201010-LC-061: August 22 2010 to August 25 201010-LC-062 + 10-LC-063 + 10-LC-064UTM 14Z 518676 694037410-LC-062: August 26 2010 to August 27 201010-LC-063: August 27 2010 to August 28 201010-LC-064: August 28 2010 to August 29 201010-LC-065 + 10-LC-066 + 10-LC-067UTM 14Z 518710 694033010-LC-065: August 29 2010 to August 30 201010-LC-066: August 30 2010 to September 1 201010-LC-067: September 1 2010 to September 2 201010-LC-068 + 10-LC-069UTM 14Z 518580 694029110-LC-068: September 3 2010 to September 5 201010-LC-069: September 5 2010 to September 8 2010Lac Cinquante 2010 Drill SitesAfter Drilling Photos10-LC-070 + 10-LC-071 + 10-LC-072 + 10-LC-073UTM 518423 694042510-LC-070: September 8 2010 to September 9 201010-LC-071: September 9 2010 to September 10 201010-LC-072: September 11 2010 to September 13 201010-LC-073: September 14 2010 to September 16 201010-LC-074 + 10-LC-075 + 10-LC-076UTM 14Z 518536 694042810-LC-074: September 17 2010 to September 18 201010-LC-075: September 18 2010 to September 19 201010-LC-076: September 19 2010 to September 19 201010-LC-077 + 10-LC-078 + 10-LC-079 + 10-LC-080UTM 14Z 518513 694026810-LC-077: September 20 2010 to September 23 201010-LC-078: September 23 2010 to September 25 201010-LC-079: September 25 2010 to September 29 201010-LC-080: September 30 2010 to October 3 201010-LC-081 + 10-LC-082UTM 14Z 519600 693998910-LC-081: September 2 2010 to September 3 201010-LC-082: September 3 2010 to September 4 201010-LC-083 + 10-LC-084UTM 14Z 519641 693995210-LC-083: September 5 2010 to September 6 201010-LC-084: September 6 2010 to September 7 201010-LC-085 + 10-LC-086UTM 14Z 519666 6939988810-LC-085: September 7 2010 to September 8 201010-LC-086: September 8 2010 to September 9 2010Lac Cinquante 2010 Drill SitesAfter Drilling Photos10-LC-087 + 10-LC-088 + 10-LC-089UTM 14Z 519549 693999510-LC-087: September 10 2010 to September 11 201010-LC-088: September 11 2010 to September 12 201010-LC-089: September 12 2010 to September 14 201010-LC-090 + 10-LC-091UTM 14Z 519473 94006910-LC-090: September 14 2010 to September 15 201010-LC-091: September 15 2010 to September 16 201010-LC-092 + 10-LC-093 + 10-LC-094 + 10-LC-095UTM 14Z 519395 694002410-LC-092: September 17 2010 to September 19 201010-LC-093: September 19 2010 to September 20 201010-LC-094: September 21 2010, Lost September 22201010-LC-095: September 22 2010 to September 25 201010-LC-096 + 10-LC-097 + 10-LC-098UTM 14Z 519250 693995410-LC-096: September 25 2010 to September 27 201010-LC-097: September 27 2010, Lost September 28201010-LC-098: September 29 2010 to October 2 201010-LC-099 + 10-LC-100UTM 14Z 519469 693994810-LC-099: October 3 2010 to October 4 201010-LC-100: October 5 2010 to October 7 2010Lac Cinquante 2010 Drill SitesAfter Drilling Photos10-LC-101 + 10-LC-102UTM 14Z 519551 693988710-LC-101: October 8 2010 to October 10 201010-LC-102: October 10 2010 to October 12 201010-LC-110 + 10-LC-111UTM 14Z 518420 694030610-LC-110: October 4 2010 to October 6 201010-LC-111: October 6 2010 to October 9 201010-LC-112UTM 14Z 518958 6940154October 9 2010 to October 12 201010-NE-001UTM 14Z 516599 6940564October 13 2010 to October 15 201010-L52-001UTM 14Z 520670 6940105October 13 2010 to October 16 2010APPENDIX ECONTRACTOR SERVICESContractor Services 2010Baker Lake NU Ookpik Aviation Ltd.Aviation Fuel EnterprisesNunamuit LodgeNorthwest Company IncSK Construction Ltd.BLCS Development LtdSanavik Co-op Association Inc.Baker Lake LodgeArviat NU Padlei InnNunavut Arctic College – 5 Graduate hiresThe Cake ShopIqaluit NU Unaalik AviationRankin Inlet NU Kissarvik Co-op InnsM&TYellowknife NT Discovery/Nunavut Mining ServicesAir TindiGreat Slave Helicopters/Kivalliq AviationAurora GeosciencesMedic NorthArctic SunwestNorthern CommunicationsCanadian NorthKBL EnvironmentalALS Laboratory GroupSub-Arctic Surveys Ltd.Force OneRon’s Auto Service and Equipment RentalsFuel Flow LogisticsSuperior PropaneWeatherby TruckingWeaver and Devore Trading LtdTrue Value HardwareCrother’s Home Building CentreCanadian TireStaples Business Depot Ltd.BC 1984 Enterprises Inc.Raymac Environmental Services Inc.Sim Geological Inc.Acme Analytical LaboratoriesBlack Mountain MappingBlender MediaHemmera Envirochem Inc.JDS Energy and Mining Inc.Lockett Consultation Services Inc.J Stritychuk and AssociatesWestern Industrial DistributorsAlberta Apex Geoscience LtdAlara ConsultantsGrimshaw TruckingDiscovery ConsultantsTaiga Consultants Ltd.InfoSat CommunicationsGlobetrotter Travel and Cruise CentreSaskatchewan SRC Geoanalytical LaboratoriesManitoba Calm AirMajor Drilling Group International LtdFour Points Sheraton HotelsOntario Pigmalion Environmental Services GroupSGS Canada Inc Mineral ServicesInfoSat CommunicationsRanger Survey SystemsQuebec First AirAPPENDIX FCOMMUNITY CONSULTATION LOG