Belle Terre

GEOLOGICA GROUPE CONSEIL

(Item 1)

RESSOURCES CONWAY INC.NI 43-101 TECHNICAL REPORT MINE BELLETERRE PROPERTY GUILLET TOWNSHIP ABITIBI-TEMISCAMINGUE QUEBEC, CANADA (NTS 31 M / 07)

Val-dOr, November 20th, 2009 Amended April 26, 2010 Second amendment June 08, 2010 Third amendment June 16, 2010

A. J. Beauregard, P. Geol., OGQ, AEMQ, FGAC D. Gaudreault, P. Eng., Geol., OIQ, AEMQ

SUITE 203 450, 3e AVENUE, C.P. 1891, VAL DOr (QUBEC) CANADA J9P 6C5 Tl. : (819) 825-8643 Fax : 824-4266 [email protected] http://www.geologica.qc.ca

Geologica Groupe-Conseil Inc.

TABLE OF CONTENT (Item 2)1.0 SUMMARY (ITEM 3).................................................................................................................................. 5 2.0 INTRODUCTION (ITEM 4)......................................................................................................................... 9 3.0 RELIANCE ON OTHER EXPERT (ITEM 5) ............................................................................................ 11 4.0 PROPERTY DESCRIPTION (ITEM 6)..................................................................................................... 12 5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY (ITEM 7) ......................................................................................................................................................... 14 6.0 HISTORICAL WORKS (ITEM 8) ............................................................................................................. 15 7.0 GEOLOGICAL SETTING (ITEM 9) ......................................................................................................... 17 7.1 REGIONAL GEOLOGY............................................................................................................................... 17 7.2 LOCAL GEOLOGY .................................................................................................................................... 18 7.2.1 Lithology......................................................................................................................................... 18 7.2.2 Structure ........................................................................................................................................ 19 8.0 DEPOSIT TYPE (ITEM 10) ...................................................................................................................... 20 9.0 MINERALIZATION (ITEM 11) ................................................................................................................. 21 9.1 TRANSVERSAL VEINS ............................................................................................................................... 21 9.1.1 Vein No. 12 .................................................................................................................................... 21 9.1.2 Veins No. 12W and 26 ................................................................................................................... 22 9.1.3 Vein No. 2 ...................................................................................................................................... 22 9.1.4 Vein No. 20 .................................................................................................................................... 22 9.1.5 Vein No. 11 .................................................................................................................................... 23 9.2 CONCORDANT VEINS ............................................................................................................................... 23 9.2.1 Vein No. 14 .................................................................................................................................... 23 9.2.2 Vein No. 16 .................................................................................................................................... 24 9.2.3 Vein No. 18 .................................................................................................................................... 24 9.2.4 Veins No. 1 and 7 .......................................................................................................................... 24 9.2.5 Veins No. 6, 8 and 18 .................................................................................................................... 25 9.3 OTHER VEINS .......................................................................................................................................... 25 9.3.1 Veins No. 15 and 30 ...................................................................................................................... 25 9.3.2 Veins No. 19 and 23 ...................................................................................................................... 25 9.3.3 Veins No. 5, 28 and 29 .................................................................................................................. 25 10.0 EXPLORATION WORKS (ITEM 12) ..................................................................................................... 26 10.1 COMPLETED WORKS .............................................................................................................................. 26 10.2 RESULTS .............................................................................................................................................. 26 10.2.1 Stripping, mapping and channel sampling of Veins No. 12W and No. 26 ................................... 26 10.2.2 Complementary sampling of the old mining tailing with a hydraulic auger .................................. 2710.2.2.2 Isocontour of the 6 metre-level .............................................................................................................. 28 10.2.2.3 Isocontour of the 9 metre-level .............................................................................................................. 28 10.2.2.4 Isocontour of the 12 metre-level ............................................................................................................ 28

10.2.3 Compilation and descriptions of mineralized zones .................................................................... 28 10.2.4 Geophysical Surveys ................................................................................................................... 2810.2.4.1 Magnetometric survey ........................................................................................................................... 28 10.2.4.2 VLF survey ............................................................................................................................................ 29 10.2.4.3 IP survey ............................................................................................................................................... 29

2NI 43-101 Technical Report on the Mine Belleterre Property-Amended April 26, 2010 Second amendment June 08, 2010 Third amendment June 14, 2010 - Ressources Conway Inc.


11.0 DIAMOND DRILLING (ITEM 13) ........................................................................................................... 29 11.1 AURIFEROUS VEIN NO. 14 ..................................................................................................................... 30 11.2 AURIFEROUS VEIN NO. 16 ..................................................................................................................... 32 11.3 OTHER VEINS AND AURIFEROUS STRUCTURES NEAR VEINS NO. 14 AND NO. 16........................................ 33 12.0 SAMPLING METHOD AND APPROACH (ITEM 14) ............................................................................ 34 13.0 SAMPLE PREPARATION, ANALYSIS AND SECURITY (ITEM 15) ................................................... 35 14.0 DATA VERIFICATION (ITEM 16) .......................................................................................................... 35 15.0 ADJACENT PROPERTIES (ITEM 17) .................................................................................................. 36 16.0 MINERAL PROCESSING AND METALLURGICAL TESTING (ITEM 18) ........................................... 36 17.0 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES (ITEM 19) ...................................... 36 18.0 OTHER RELEVANT DATA AND INFORMATION (ITEM 20)............................................................... 36 19.0 INTERPRETATION AND CONCLUSIONS (ITEM 21) .......................................................................... 36 20.0 RECOMMENDATIONS (ITEM 22) ........................................................................................................ 37 21.0 REFERENCES (ITEM 23) ..................................................................................................................... 40 22.0 DATE AND SIGNATURE PAGE (ITEM 24) .......................................................................................... 43 22.1 CERTIFICATE OF QUALIFICATION (ALAIN-JEAN BEAUREGARD) .................................................................. 44 22.2 CURRICULUM VITAE (ALAIN-JEAN BEAUREGARD) .................................................................................... 45 22.3 CERTIFICATE OF QUALIFICATION (DANIEL GAUDREAULT) ......................................................................... 47 22.4 CURRICULUM VITAE (DANIEL GAUDREAULT) ........................................................................................... 48 23.0 ADDITIONAL REQUIREMENTS FOR TECHNICAL REPORTS ON DEVELOPMENT PROPERTY AND PRODUCTION PROPERTY (ITEM 25) ................................................................................................ 49 LIST OF FIGURES Figure 1: Figure 2: Figure 3: Figure 4: Figure 5: Figure 6: Figure 7: Figure 8: Figure 9: Figure 10: Figure 11: Figure 12: Figure 13: Figure 14: Figure 15: Figure 16: Figure 17: General Location Map Detailed Location Map Mining concession Map Regional Geology Map Local Geology Map Plan view of Former Underground Mine workings Longitudinal Section of Mine Workings Adjacent Properties Surface Vein Location 12W Vein Shaft No. 3 Area Section 100W Augen Hole Location Gold isocontours in tailings (3 meters below surface (Au ppb) Gold isocontours in tailings (6 meters below surface (Au ppb) Gold isocontours in tailings (9 meters below surface (Au ppb) Gold isocontours in tailings (12 meters below surface (Au ppb) Section of Drillholes B-08-12,-13,-17,-18 Section of Drillholes B-08-01,-02,-14,-15 3NI 43-101 Technical Report on the Mine Belleterre Property-Amended April 26, 2010 Second amendment June 08, 2010 Third amendment June 14, 2010 - Ressources Conway Inc.


Figure 18: Figure 19: Figure 20:

Section of Drillholes B-08-03,-04,-16 Section of Drillholes B-08-06,-07,-08 Section of Drillholes B-08-05,-09,-10,-11

LIST OF MAPS IN POCKET Map 1: Map 2: APPENDICES Appendix I: Appendix II: Appendix III: Appendix IV: Appendix V: Appendix VI: List of claims Diamond Drill Logs (on DVD in pocket) Laboratory Assay sheets (on DVD in pocket) Description of Mineralized Zones by Geo-Logic - in French (on DVD in pocket) Table of IP Anomalies (In French) Photos of the recent field visit (June 15, 2010) Geological Compilation, Outcrops and Samples Location map 2008 Diamond Drillhole Location



1.0 SUMMARY (Item 3) At the request of Mr. Laurent Beaudoin, President of Ressources Conway Inc. (Conway), Geologica Groupe-Conseil Inc. (Geologica) was given the mandate to update the NI 43-101 Technical Report on the Mine Belleterre Property, located in the area of the Town of Belleterre in Temiscamingue, Quebec, Canada. The property is located approximately 2.5 km from the Town of Belleterre, in Temiscamingue, Quebec, Canada. The Mine Belleterre property includes 2 mining concessions (CM 315 and CM 395) totalling 404.71 hectares in Guillet Township. Ressources Mine Belleterre Inc. is the former owner of exclusive and absolute 100% interest in the Mine Belleterre Property. The mining titles are in good standing, priority free, no mortgage and other securities and another encumbrance except a 2% NSR for Concopper Phosphate inc. Following an agreement letter between Conway and Ressources Mine Belleterre, Conway has the possibility to acquire the Mine Belleterre Property by the sale and the purchase of shares and also to complete the exploration work for an amount of $500,000 following the Convention deadline. This technical report was prepared for the Qualifying Transaction (as defined by the Policies of the TSX Venture Exchange) between Ressources Conway Inc. and Ressources Mines Belleterre Inc. Access to the property is easy with National Road #382 crossing it from west to east. Moreover, two (2) North-South minor roads skirt the eastern and western edges respectively. In 1930, McIntyre Porcupine Mines made the discovery of a vein mineralized with pyrite and gold approximately 2 km NE of the Town of Belleterre. From 1936 to 1959, the Belleterre Mine has produced 2.18 million metric tons of ore at an average gold grade of 10.73 g/t Au and 1.37 g/t Ag. Approximately 95% of the production was extracted from vein No. 12. Later on, from 1983 to now, several exploration efforts were realized by other companies. The Belleterre property is located in the Ville-Marie Belleterre Area of Temiscamingue in the south-central part of the Pontiac Sub-Province within the Canadian Shield where Archean Supracrustal rock units belong to the Baby volcano-sedimentary Formation of the Belleterre Greenstone Belt. This belt of volcano-sedimentary rocks is separated from the Grenville Front by approximately 10 km of metasedimentary rocks of the Pontiac group. The Archean rocks are covered in discordance by Huronian sediments in the western part of the area and are intruded by several granitic plutons and felsic to ultramafic dykes.5NI 43-101 Technical Report on the Mine Belleterre Property-Amended April 26, 2010 Second amendment June 08, 2010 Third amendment June 14, 2010 - Ressources Conway Inc.


On the Belleterre property and in the immediate area, gold was the only element of economic value to explore for even if several lamprophyre and gabbro dykes, sills and plugs are present, no nickel and/or PGE were recognized. Gold occurs in the native form and/or associated with sulphides within quartz veins and fractures and/or in a state of substitution. Most of the veins that were mined are located in the central and NE parts of the property hosted within intermediate to mafic lavas and intercalated silicified tuffs. The smoky quartz veins are of the concordant, transversal and ductile shear types. Up to now, concordant and transversal type veins were host to most of the auriferous mineralization and appear to be intimately related with regional structures and massive intrusive rocks. Several gold occurrences were found in the nearby area such as the Conway, Paquin, Audrey, Blondeau veins and the Aubelle deposit. However, the Belleterre gold deposit was the only one to be mined. At closing in 1959, the total production of the Belleterre Mine was 2.18 million metric tons at an average grade of 10.73 g/t Au with approximately 95% the ore extracted from vein No.12. Since 2003, more than 200 outcrop areas were identified and GPS located following N-S 100 and 200 metres spaced cut grid lines. Old vein site such as veins No. 5, 12W, 26, 19, 30, 14, 15, 16, 18, 28 and 29 were visited, prospected, stripped, mapped and sampled. The 2006 autumn field season permitted the sampling (669 samples) of the old tailings using a hydraulic auger to sample 5 levels though the tailings (surface, 3 m, 6 m, 9 m and 12 m levels). Twenty-one (21) samples were also assayed to verify the acidity (Ph level) of these tailings. The assay results confirmed that McIntyre mine old mill was efficient with a high recovery rate and that the old tailings were not acid generator. In summer 2007, outcrop stripping over Vein No. 12W was realized followed with washing, mapping and channel sampling revealing the following assay results: 4.05 g/t Au over 1.0 metre; 2.02 g/t Au over 1.0 metre; 2.06 g/t Au over 1.0 metre. Recent work clearly show that several gold mineralized structures remain to be investigated at surface particularly at proximity and in extension of old known infrastructures and outcropping auriferous veins but also over recently observed anomalous structures as well as on veins 5, 15, 19, 28 and 29. Recent surface exploration work over vein No. 12W and remaining historical in situ resources of 317,600 metric tons at 3.43 g/t Au as well as vein No. 14 with 364,600 metric tons at 4.11 g/t Au confirm that this property has a significant potential for extending gold mineralized structures and deserves systematic exploration and definition work in order to adequately evaluate this potential. In autumn 2008, a total of 4,949 metres distributed over 18 drill holes was realized on veins No. 14, No.16 and associated subsidiary conjugate auriferous structures. These6NI 43-101 Technical Report on the Mine Belleterre Property-Amended April 26, 2010 Second amendment June 08, 2010 Third amendment June 14, 2010 - Ressources Conway Inc.


drill holes have also permitted to recognize other ramifications and small vein and veinlet networks which are located between veins Nos. 14 and 16. In autumn 2009, geophysical surveys (Ground Magnetometric, VLF and I.P.) were completed on some lines (18 kilometres) and IP in some diamond drillholes by Geosig Inc. in Qubec. The most significant assay results obtained in DDHs on vein No. 14 gave 8.33 g/t Au over 2.06 metres; 1.13 g/t Au over 8.7 metres; 2.41 g/t Au over 2.01 metres; 4.39 g/t Au over 2.0 metres; 3.84 g/t Au over 0.26 metres; 1.66 g/t Au over 4.0 metres and 3.97 g/t Au over 0.97 metres. The most significant Vein No. 16 intersections revealed 7.08 g/t Au over 1.0 metre; 1.06 g/t Au over 1.1 metres; 1.01 g/t Au over 2.7 metres; 1.25 g/t Au over 1.0 metre; 26.35 g/t Au over 2.61 metres and 1.16 g/t Au over 1.42 metres. Approximately 30 such auriferous structures (veins) were identified on the property. Vein No. 12, which was the main source of gold ore during production in the 1950-1960s still has interesting and significant potential for outlining future resources near shaft No. 1 near surface, at depth between levels 700 and 1800 feet, to the east between levels 700 and 1100 feet and sections 2900 and 3200. Veins Nos. 14 and 16 still remain a priority, they are open in all directions (E-Wdepth). Several other veins such as 12W, 26, 11, 1, 7 in particular have not been sufficiently explored and require surface trenching (when outcropping) and diamond drilling on their extensions. The authors believe that only part of the mineralized gold resource was mined and that the property still remains host for several more favourable targets to explore and define. A two-phase exploration program will permit to better define the auriferous mineralized structures of the property. Phases I will consist of surface work (Prospection, reconnaissance mapping, outcrop stripping, sampling, diamond drilling on the best targets. Phase II will consist of complementary stripping and drilling on known mineralized structures if warranted following results obtained in Phase I. A total budget of approximately $ 693,843 will be required. PHASE I: OUTCROP STRIPPING, MAPPING, SAMPLING AND DIAMOND DRILLING Prospection and reconnaissance mapping with sampling on VLF and IP anomalies along cut lines 1 geologist and 1 technician (20 days @ $1,000/day) (Including room and board)

$ 20,0007

NI 43-101 Technical Report on the Mine Belleterre Property-Amended April 26, 2010 Second amendment June 08, 2010 Third amendment June 14, 2010 - Ressources Conway Inc.


Outcrop stripping on surface favourable veins (Veins No.15, 28 et 29) and geophysical anomalies previously prospected 20 days @ $2,000/day

40,000

1 geologist and 1 technician (20 days @ $1,000/day) for mapping and sampling (Including room and board) 20,000 Assays 250 samples @ 40$/sample Diamond drilling (500 metres) on new anomalies and/or new veins following Previously geophysical surveys, prospection and mapping: 450 m @ $150/m (all included) Work report with recommendations Subtotal: Supervision and administration (a 5%): Contingencies (a10%): Total Phase I: 10,000

67,500 10,000

167,500 8,375 17,968 $ 193,843

PHASE II: COMPLEMENTARY STRIPPING AND DIAMOND DRILLING IF WARRANTED Complementary outcrop stripping on surface favourable structures and new veins 20 days @ $2 000/day $ 40,000 2 geologists and 2 technicians (20 days @ $2,000/day) (Including room and board) Assays 400 samples @ 40$/sample Diamond drilling (2,000 metres) on Vein No. 12W and others veins or favorable structures: 2,100 m @ $150/m (all included) Work report with recommendations Subtotal: Supervision and administration (a 5%): Contingencies (a10%): Total Phase II: TOTAL PHASES I AND II: 40,000 16,000

315,000 20,000 431,000 22,500 46,500 $ 500,000 $ 693,8438

NI 43-101 Technical Report on the Mine Belleterre Property-Amended April 26, 2010 Second amendment June 08, 2010 Third amendment June 14, 2010 - Ressources Conway Inc.


2.0 INTRODUCTION (Item 4) At the request of Mr. Laurent Beaudoin, president of Ressources Conway Inc. (Conway), Geologica Groupe-Conseil Inc. (Geologica) was given the mandate to update the NI 43-101 Technical Report on the Mine Belleterre Property, located in the area of the Town of Belleterre in Temiscamingue, Quebec, Canada. Following the letter of intention to acquire the Mine Belleterre Property (Press Release October 22, 2008), this technical report was prepared for the Qualifying Transaction (as defined by the Policies of the TSX Venture Exchange) between Ressources Conway Inc. and Ressources Mines Belleterre Inc. All the assessment work records (statutory works) registered with the Ministre des Ressources Naturelles et de la Faune du Qubec (MRNFQ) were carefully reviewed and consulted. The reports and the geological maps published by the MRNFQ, recent work, and works currently in progress were also reviewed. All the available information available on SEDAR was also carefully reviewed and consulted. The recent I.P. survey was supervised by the authors and is described and summarized in Item 12 on section 10.2.4. This report contains an exhaustive evaluation of all available data, as well as recommendations for follow-up work designed to access and increased the auriferous potential of the properties. 2.1 Terms of ReferenceAbbreviations usedWeight & Mass g kg g/t oz oz/st ppb ppm st t Grams Kilograms Grams per metric tonne Troy ounces Ounces per short tonne Parts per billion Parts per million Short ton Metric tonne Linear & Area Measuresmm m km ha Others Millimeters Meters Kilometers Hectares Feet Inch

C $

Celsius Degree Canadian Dollars



Conversion FactorsWeight 1 oz (troy) = 31.103 g 1 oz (troy)/st = 34.286 g/t 1 pound (lb) = 0.454 kg 1 pound (lb) = 1.215 troy pound 1 short ton = 0.907 t 1g = 0.03215 oz (troy) 1 short ton = 2000 pounds (lb) = 0.907 tonne 1 pound = 16 oz = 0.454 kg = 14.5833 troy ounces Linear & Area Measures 1 inch = 2.54 cm 1 foot = 0.3048 m 1 mile = 1.6 km 1 ha = 0.01 km2 1 square mile = 640 acres = 259 hectares

2.2

Scope of Work

The scope of work undertaken by Geologica involved an assessment of the geological and mineral resources aspects of the Mine Belleterre property in Temiscamingue, Quebec, Canada. 2.3 Basis of the Technical Report

In summary, this technical report has been based on reports done by previous owners, given the extensive operating history of the operations, geological investigations and independent check assaying. 2.4 Qualifications and Field Involvement of Consultant

The Geologica Groupe-Conseil independence is ensured by the fact that it holds no equity in any project and that its ownership rests solely with its staff. This permits to Geologica to provide its clients with conflict-free and objective recommendations on crucial judgment issues. This technical report has been prepared based on a technical and economic review by Geologica. Neither Geologica nor any of its employees in the preparation of this report has any beneficial interest in Ressources Mine Belleterre Inc. and Ressources Conway Inc. Geologica will be paid a fee for this work in accordance with normal professional consulting practice. The following Geologica staff, Alain-Jean Beauregard and Daniel Gaudreault acting as Qualified Persons under National Instrument 43-101, conducted personal inspections of the Mine Belleterre property during the years 2002 to 2007. Statements of qualification for these persons are included in Section 21.0 (Item 23).10NI 43-101 Technical Report on the Mine Belleterre Property-Amended April 26, 2010 Second amendment June 08, 2010 Third amendment June 14, 2010 - Ressources Conway Inc.


The authors from Geologica Inc. have reviewed and analysed data provided by Conway, their consultants and previous owners of the property, and have drawn their own conclusions there from, augmented by its direct field examination. Geologica has not carried out any independent exploration work, drilled any holes. However, the presence of gold in the local rocks is substantiated by the previous mining history by Conway and others owners and the numerous prospectors in the area. Geologica has not performed any estimation of resources and reserves on the properties, but has spot-checked the estimates performed by the previous owners and examined the procedures used. While exercising all reasonable diligence in checking, confirming and testing it, Geologica has relied upon the data presented by Conway in formulating its opinion. Geologica has confirmed the various agreements under which Ressources Mine Belleterre Inc. holds title to the mineral lands for this project. The description of the properties, and ownership thereof, as set out in this report, are provided for general information purposes only. The metallurgical, geological, mineralization and exploration technique descriptions used in this report are taken from reports prepared by Conway and previous owners. Geologica is pleased to acknowledge the helpful cooperation of Conway management and exploration personnel all of whom made any and all data requested available and responded openly and helpfully to all questions, queries and requests for material. One of the authors (Daniel Gaudreault) has realized a field visit in June 15, 2010. The line cutting grid and specific cut lines were identified and photographed where the recent geophysical survey was completed. Also, the author has verified some 2008 drill sites. A site of 2008 diamond drill holes B-08-14 and B-08-15 was photographed (see appendix IV).

3.0 RELIANCE ON OTHER EXPERT (Item 5) The authors from Geologica have not verified the legality of any underlying agreement(s) that may exist concerning the licenses or other agreement(s) between parties and the permitting. Geologica offers no opinion as to the validity of the mineral title claimed by MBR. The description of the property, and ownership thereof, as set out in this report, are provided for general information purposes only.



4.0 PROPERTY DESCRIPTION (Item 6)

4.1

Location

The Mine Belleterre Property is located approximately 2.5 km from the town of Belleterre, in Temiscamingue or 110 kilometers south-west of Val-dOr and 93 kilometers south of Rouyn-Noranda, Quebec, Canada (Figures 1 and 2). The center of the property is located at UTM NAD 83: 675,000 metres East and 5,253,500 metres North in the Guillet Township. 4.2 Claim numbers or names

The Mine Belleterre property includes 2 mining concessions (CM 315 and CM 395) totalling 404.71 hectares in Guillet Township (Figure 3). This property is owned 100% by Ressources Mine Belleterre Inc.Owner Property Name Interest Claims Inscription Date Area (ha) 100% 100% CM 315 CM 395 1941/04/01 1952/02/07 Total : 394,21 10,5 404,71

Ressources Mine Belleterre Inc. Mine Belleterre Ressources Mine Belleterre Inc. Mine Belleterre

In the past, the limits of the property were located by field staking under agreement between the Quebec Mines Ministry and the past owner McIntyre Porcupine Mines. 4.3 Nature and Extent of Title

Ressources Mine Belleterre Inc. is the former owner of exclusive and absolute 100% interest in the Mine Belleterre Property. The mining titles are in good standing, priority free, no mortgage and other securities and other encumbrance except a 2% NSR for Concopper Phosphate inc. Following an agreement letter between Conway and Ressources Mine Belleterre, Conway has the possibility to acquire the Mine Belleterre Property by the sale and the purchase of shares and also to complete the exploration work for an amount of $500,000 following the Convention deadline. Under the Quebec Mining law, the lessee of a mining lease or the concession holder has surface access and usage rights, except when the land is used as a cemetery. On public lands, access and usage rights are limited to mining purposes only. If the land covered by the lease or concession was granted or alienated by the State, the lessee or concession holder must obtain the owners permission to access the land and carry out work. He may acquire these rights through amicable agreement or, if necessary, by expropriation.12NI 43-101 Technical Report on the Mine Belleterre Property-Amended April 26, 2010 Second amendment June 08, 2010 Third amendment June 14, 2010 - Ressources Conway Inc.


On land leased by the State, the lessee of a mining lease or the holder of a mining concession must obtain the consent of the lessee of the land surface or pay him compensation. In the event of a disagreement, a court can determine this compensation. The lessee or concession holder may also use adjacent land for his mining activities. However, he must do so in compliance with other laws, in particular those relating to public lands, forests and the environment. On lands in the public domain, the lessee or concession holder may purchase or rent land to set up mine tailings or any other facility required for mining purposes. He may also obtain a right of way to install transport routes or tracks, pipelines and water conduits. A lessee who wishes to set up a mill on land that is covered by his lease or lies outside its boundaries must first have the location approved by the Minister of Natural Resources and Wildlife. However, the location can be subjected an environmental impact assessment or review in accordance with the Environment Quality Act, in which case the site must be approved by the Government. The lessee or concession holder may use any sand or gravel that are present at the surface of the land covered by his lease or concession for activities related to mining. This permission only applies to public lands that are not subject to an exclusive lease to mine surface mineral substances. Any mining-related activities involving sand or gravel do not require a lease to mine surface mineral substances. The lessee or concession holder may cut wood on the land of his lease or his concession, provided that this wood is only used for the purposes of erecting buildings or carrying out mining-related activities. To do this, he must obtain a forest management permit from a regional office of the Forestry Branch of the Ministre des Ressources Naturelles et de la Faune (MRNFQ). The terms and conditions for issuing the permit vary according to amount of wood to be cut. Concerning the Mine Belleterre Property, the Issuer must a rent of pay $43 per hectare every year. In order to complete the required work before February 1st of each year, the property owner must pay a sum equivalent to the minimum amount of the required work, namely $35/hectare.

4.4

Survey

Ressources Mine Belleterre has had the concession surveyed and bordered for the Mine Belleterre Property.



4.5

Location of mineralized zones

The location of the No. 1 2, 11, 9, 10, 12, 12W, 14, 15, 16 veins is shown on Figure 9. Shafts No. 1 to 4 are also shown on this Figure. Old tailing ponds are present on the property and shown on Figure 11. 4.6 Environment liabilities

To the best of our knowledge no environment liabilities are known to exist from previous work on the area of the property. 4.7 Permits

Conway will need to obtain necessary work permits and local community approvals to realize future exploration work such as surveying, geophysical, geochemical, geological and sampling surveys, and drilling. 5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY (Item 7) Access to the property is easy with National Road #382 crossing it from west to east. Moreover, two (2) North-South minor roads skirt the eastern and western edges respectively. The local climate is that of the Canadian Shield at this latitude, that is to say typically continental, with hard winters extending from October to April, a snowing up which can reach several meters and of total precipitations of 80 centimeters per year. Summers are relatively hot and fairly wet. This area is recognized for its mining and forest activities, the qualified labour being available directly in the village of Belleterre. All the services, mining personnel, manpower, equipment and hardware requirements for the exploration project are available in a radius of 100 km around the property. Water and power line of Hydro Quebec runs directly on the property. The limit of the property is sufficient of surface rights for mining operations, potential tailing storage, potential waste disposal and potential processing plant sites. Flat relief with occasionally small round hills and some small peaks characterizes the topography of the area. Outcrop surfaces are scarce and scattered. The overburden exceeds rarely 10 meters and is generally approximately 1.5 to 3 meters. Bacon Lake of approximately 200 meters in diameter is localized at the NW limit of the property and a small pond occupies the central part. The local altitude varies between 320 and 350 metres above14NI 43-101 Technical Report on the Mine Belleterre Property-Amended April 26, 2010 Second amendment June 08, 2010 Third amendment June 14, 2010 - Ressources Conway Inc.


see level. The vegetation mainly consists of spruces, pines, tamaracks, birches, maples, alders and poplars. 6.0 HISTORICAL WORKS (Item 8) The statutory works were consulted by the authors, at the office of Ministre des Ressources Naturelles et de la Faune du Qubec (M.R.N.F.Q.) in Val-dOr, Quebec, The consulted statutory works concerning the property are annotated in Appendix I. 1930: 1935: 1936: . 1937: McIntyre Porcupine Mines make the discovery of the mineralized showing near Belleterre. A plan deposited at the government shows the position of shafts and equipments on the surface. Beginning of the operations at the Belleterre mine. Incorporation of the company which will take the name of Belleterre Quebec Mines Limited under the control of McIntyre Porcupine Mines Limited.

1937-58: Operation of the mine with an ore treated at a rate of 350 tons per day with 4 shafts. The production takes place on mineral-bearing zones oriented along a 2 mile axis until December 31, 1958. 2.4 million tons of ore with an average grade of 0.32 oz/t Au (2.18 Mt at 10.73 g/t Au) were mainly extracted from vein No 12 (95% of the production). Remaining historical reserves are 308,446 tonnes of proven ore, 45,360 tonnes of probable ore and 113,400 tonnes of possible at an average grade of 6.17 g/t Au (source taken from MRNQ deposit file on SIGEOM). This information was compiled from sources of historical nature and does not comply with NI 43-101. However, the authors believe that this estimate gives a conceptual indication of the potential of the area and that it is pertinent to this report even if the authors are not presently able to corroborate the quantities or accuracy of this information. 1959: The Belleterre mine closes its doors. According to an internal report in 1960, the remaining resources after closing were of 172,410 metric tons at 6.42 g/t Au for vein No 14 and 317,600 metric tons at 3.43 g/t Au for vein No 12 W (source: unpublished internal report at companys Quebec office). Several other veins were thereafter discovered, but no resource was calculated. According to what one knows today, all the openings were made safe and the buildings were demolished.

This information was compiled from sources of historical nature and does not comply with NI 43-101. However, the authors believe that this estimate gives a conceptual indication of15NI 43-101 Technical Report on the Mine Belleterre Property-Amended April 26, 2010 Second amendment June 08, 2010 Third amendment June 14, 2010 - Ressources Conway Inc.


the potential of the area and that it is pertinent to this report even if the authors are not presently able to corroborate the quantities or accuracy of this information. 1983: Socit Minire Dufresnoy obtain the rights of exploration on these concessions. Magnetic and electromagnetic surveys (GM-40658) were carried out on the whole of these concessions. Moreover, 41 diamond drill holes were carried out on the property. The majority of the assayed core samples were disappointing except for some significant values such as 0.355 oz/t Au over 2.0 feet (DG-8334) and 1.51 oz/t Au over 0.85 foot (DG-8335). The surveys were positioned in order to check some geological targets such as tuffaceous horizons of the No 14-type veins. However, upon revision of the files, some of these targets were followed "down- dip and perhaps drilled too short.

1984-86: Les Mines dArgent Abcout Inc. carried out a diamond-drilling program (GM41818) on the property adding up 19 holes. Three holes were completed in the area of Vein No. 15 and the best results were of 2.15 g/t Au over 0.30 m and 1.6 g/t Au over 0.60 m. Vein No 12W was checked by several holes with best results obtained varying between 23.10 g/t over 0.60 m and 0.34 g/t Au over 6.0 m. Other holes made it possible to check Vein No 30 with significant results varying from 8.7 g/t Au over 3.0 m to 52 g/t Au over 0.30 m. However, according to authors' several of the holes carried out during this campaign seemed to be drilled "down-dip" and others too short to reach their target. 1993-94: Continental Copper Mines Ltd. completed 2 diamond drill holes adding up 154 meters on the property. The results obtained were very weak; varying from 27 to 79 ppb Au and the objective of these holes was to check the gold bearing contents of the horizons of graphitic tuffs hosted within the mafic volcanic sequence, recognized in by trenches in 1993. 1999-2004: In 1999, prospector Daniel Champagne acquired the property from Continental Copper Mines. The property is transferred thereafter to Exploration Nid'Or 2000 Inc. During years 2000-2003, some work of exploration was completed on the property in order to keep the mining concessions in good standing. Geological surveys, stripping and sampling were carried out. 2004: In spring 2004, the property is acquired by Groupe Placirent Inc. and the exploration works were completed by Gologica near the No 1 shaft during the period from the December 13 to 17, 2004. A total of 79 samples were taken. Several significant values were obtained in the pile muck in the sector of No.1 shaft; Out of 79 samples, 30 show gold values higher than 1 g/t Au, with 8 results are higher than 5 g/t Au (21.67 g/t Au; 7.1 g/t Au; 18.1 g/t Au, 14.6 g/t Au; 5.03 g/t Au; 5.17 g/t Au; 6.13 g/t Au and 15.57 g/t Au). In a trench near the eastern part of the shaft, values revealed were between 6 ppb Au and 3.4 g/t Au (D. Gaudreault, 2005).



2005:

During the period of October 9 to November 15, 2005, Geologica completed channel sampling on Veins 5, 5A and 19 as well as outcrop stripping of the western extension of Vein no. 12 and Vein 12W immediately west of the old No. 3 Shaft. The first exploration efforts were concentrated on Veins 5 and 5A in the SSE part of the property. A total of 59 channels of 0.5 and 1 meter (59 samples) were collected and assayed for gold. The second sampled zone is localized at the western end of the property, where ten (10) channel samples from 0.5 to 1.5 meters were completed on Vein 19. The values and assay results obtained until now show a variation of

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