Exploration

Renforth controls:

1)       Five diamondiferous kimberlites: Two at the commercial bulk-sampling stage; the other three are targeted for specific follow-up drilling and economic evaluation (55%-controlled).

2)       Highly prospective claims between ten and twenty km. from Noront’s Magmatic Massive Sulphide discovery at its Eagle One concession. Based on ground geophysics here, both high-priority sulphide targets and kimberlite targets will be explored in 2008 (55%-controlled), and

3)       Geophysically anomalous claim blocks in Attawapiskat that require further testing to determine which contain kimberlites (100%-controlled).

Kyle Kimberlite Series

The Kyle kimberlite series consists of five pre-Paleozoic kimberlites located west of the Attawapiskat River swarm of kimberlites of northern Ontario. Kyle kimberlites #1 and #3 require bulk sampling for diamonds to determine respective commercial grade and to determine the next key actions at both high-potential sites. These are immediate targets for the Company. Kyle kimberlites #2, #4 and #5 require further evaluation drilling. A subsidiary service company to DeBeers evaluated 111 commercial-size diamonds from Kyle kimberlite #1 and reported that 75% are octahedral with little resorption. 64% are colourless diamonds and 30% are yellow-brown. The wide variation in colour, morphology, resorption, nitrogen content and aggregation state at Kyle #1 indicate that it is a multi-phased kimberlite that compares favourably with South African kimberlites.