Quick Facts:

• Located in the prolific Abitibi region in Quebec, approximately 70 km from the Sleeping Giant mine & mill.
• According to a 2008 scoping study, the Discovery Project could produce 44,000 ounces of gold per year for four years.
• In 2011, NAP intends to update the 2008 scoping study with current costs and revised estimates of future gold prices.

Discovery is an advanced-stage gold exploration project located in the prolific Abitibi region in Quebec, approximately 35 kilometres northwest of the town of Lebel-sur-Quévillon, and approximately 70 kilometres from the Sleeping Giant mine and mill. This advanced exploration property is comprised of 124 contiguous mining claims covering 3,351 hectares. The property is accessible via a well-maintained logging road from provincial Highway 113 and a working railway transects the property from north to south. Power grids are located within 20 kilometres of the property limits.

According to a 2008 scoping study on the project, the report estimated that there were 3,109 tonnes of measured resources grading 8.95 g/t (for 1,000 contained ounces), 1,278,973 tonnes of indicated resources grading 5.74 g/t (for 236,000 contained ounces) and 1,545,500 tonnes of inferred resources grading 5.93 g/t (for 294,000 contained ounces). The 2008 scoping study concluded that the Discovery Project could produce 44,000 ounces of gold per year for four years, and confirmed the project to be economically feasible and generate positive cash flow under certain assumptions. During 2011, the Company intends to update the scoping study with current costs and revised estimates of future gold prices.

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In the 2008 report, the mineralized zones were interpreted along strike over a distance of 1,200 metres from surface to a vertical depth of 850 metres. A geological interpretation led to four well-defined gold-bearing zones and two minor zones, all of which are encompassed by the Discovery shear corridor: “E”, “EE”, “A”, “B”, “C” and “D”. (The “B” zone accounts for 60% of the tonnage and gold content of the Discovery gold deposit.)

As part of the Company’s gold exploration program for 2010, the Company spent $2.3 million on 25,500 metres of surface drilling to extend the 1200 E gold zones, which were not considered in the 2008 scoping study. Permitting work will continue to advance the project towards an underground exploration stage.

Although a production decision has not been reached yet, the underground mining methods presently envisaged for the Discovery Project are shrinkage and long-hole stope, and the project would include a shaft that would initially descend to 260 metres and eventually to 620 metres.

Discovery Project Mineral Resources:

1. Source: NI 43-101 Technical Report, August 1, 2008
2. The mineral resource estimate for the Discovery Project was prepared by Mr, Carl Pelletier, B.Sc., P.Geo. of InnovExplo, an independent qualified person under NI 43-101, assuming a gold price of U.S.$850 in the first 5 years, and U.S.$750 thereafter. Applied varying cut-off grades depending on the type of mining method contemplated.
3. The effective date of the estimate is June 17, 2008.
4. This estimate conforms with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101). U.S. investors should refer to the company’s most recent 40F/Annual Information Form for an overview on how Canadian standards differ significantly from U.S. requirements. Mineral Resources, having demonstrated economic viability, are not Mineral Reserves.
5. For further information, please refer to the report titled “Technical Report on the Scoping Study and Mineral Resource Estimate for the Discovery Project (according to Regulation 43-101 and Form 43-101F1) dated August 1, 2008 and prepared by InnovExplo Inc. It is filed on www.sedar.com under Cadiscor Resources Inc.