Quick Facts:

• Located in the prolific Abitibi region in Quebec, 70 km from the Sleeping Giant mine & mill, accessible from provincial road 113 onto a seasonal gravel road built to access the property’s interior.
• The Company believes that the Flordin gold project has the potential to provide additional feed for the Sleeping Giant mill and is currently examining open pit scenarios.
• Flordin’s first-time NI 43-101 report (released in March 2010) estimates that the property contains 679,000 tonnes of measured and indicated resources near surface at an average grade of 4.25 grams per tonne gold for 92,814 contained ounces and an additional inferred resource of 1,451,400 tonnes grading 3.63 grams per tonne gold for a total of 169,261 contained ounces.

The Flordin project is located in the prolific Abitibi region in Quebec, approximately 30 kilometres north of the town of Lebel-sur-Quévillion, and 10 kilometres along trend to the southeast of NAP’s Discovery Project. Flordin is approximately 70 kilometres away from the Sleeping Giant mill, and the property is readily accessible from provincial road 113 onto a seasonal gravel road built to access the property’s interior. The project is located in the Desjardins Township, and represents 40 contiguous ground-staked claims covering an area of 593.09 hectares (40 mining titles).

In 2008, drilling on Flordin intersected several mineralized zones, expanding their lateral and depth dimensions and confirming the exploration potential of the property. In March of 2010 NAP released the property’s first-time NI 43-101 report which estimates that the property contains 679,000 tonnes of measured and indicated resources near surface at an average grade of 4.25 grams per tonne gold for 92,814 contained ounces and an additional inferred resource of 1,451,400 tonnes grading 3.63 grams per tonne gold for a total of 169,261 contained ounces.

Surface map with collar locations
of historical and recent drilling:


Section 358935 metres east, looking
west, with an interpretation of
observed gold-bearing zones:

Click to enlarge

The Company conducted a significant drilling program in 2010, consisting of 212 holes totalling 25,720 metres. All of the drilling was completed from surface to a depth of up to 100 metres. Gold mineralization occurs in 10 major zones in the Flordin deposit. From north to south, they are: “F” Zone, “F2” Zone, “E” Zone, “E2” Zone, “D” Zone, “C” Zone, “B” Zone, “A” Zone, South-1 Zone, South-2 Zone.

The presence of several parallel gold veins near surface led to consideration of possible open pit mining scenarios. The Company believes that the Flordin gold project has the potential to provide additional feed for the Sleeping Giant mill and is currently examining open pit scenarios.

The potential for delineating additional mineral resources in the Flordin property area is considered to be excellent. The known length of the main zone (the “B” Zone), is approximately 1,300 metres, and the known depth is about 400 metres. The deposit is still open laterally and at depth. Future exploration work will focus on the lateral extensions of the known mineralized zones, as well as the down-dip and along-strike extensions. As well, there are still many areas between 0 and 425 metres deep where it may be possible to define or discover additional mineral resources because the current drill spacing is too far apart.

Flordin Project Mineral Resources:

1. Source: NI 43-101 Technical Report, March 31, 2010
2. The mineral resource estimate for the Flordin property was prepared by Mr, Carl Pelletier, B.Sc., P.Geo. and Mr. Bruno Turcotte, M.Sc., P.Geo. of InnovExplo, both of whom are independent qualified persons under NI 43-101, using a cut-off grade of 2 g/t.
3. The effective date of the estimate is February 23, 2010.
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.