FINANCIAL

• Recruitment of experienced management team
• Acquired 100% interest in Dumont Project
• Raised C$36.7 mn through private placements

EXPLORATION

• Helicopter gradiometer survey completed
• Review of historical resource estimates
• Drilled 59 holes totaling 22,500 metres
• Initiated metallurgical testing program

TECHNICAL REPORTS

• 43-101 Micon Initial Resource Report, August 2007
• Aker Kvaerner Conceptual Study, October 2007

FINANCIAL

• Proposed Private Placement

EXPLORATION

• Drilled 43,000 m
• Conducted environmental studies
• Metallurgical testing and process development

TECHNICAL REPORTS

• Genivar Environmental Baseline Study, April 2008
• 43-101 Micon Updated Resource Report, April 2008
• Aker/Genivar Updated Conceptual Study, July 2008

• Updated 43-101 Micon Resource Report, Jan. 2009
  
• Resource drilling continues (22,000 m completed)
• Environmental studies continue
• Geotechnical/Hydrology drilling initiated
• Metallurgical testing and process development continues

• Update 43-101 Micon Resource Report, Jan. 2010
• Resource drilling continues
• Scoping Studies
  
• Environmental Impact Study initiated
• Pre-feasibility study initiated
• Metallurgical testing and process development completed
• Initial Public Offering (subject to favourable market conditions)

• Resource drilling completed
• Environmental Impact Study completed
• Feasibility Study begins
  

• Project financing arranged
• Development begins
  

• Development completed and initial production at Dumont commences

• Full production at Dumont