Woodjam North
Gold/Copper Project.

Located in south-central British Columbia, 40 km south of Imperial Metals' Mt. Polley mine, with which it shares a similar geological setting.

The Woodjam Joint Venture, consisting of Fjordland Exploration Inc. (60%) and Cariboo Rose Resources (40%) optioned the Woodjam North property to Gold Fields Ltd. in June 2009. Under terms of that option deal Gold Fields may earn an initial 51% interest by expending C$7.0 million in exploration, and making $350,000 in cash payments to the Joint Venture, over a three year period. Gold Fields may extend the option to earn a further 19% interest in the Woodjam North property by funding a further C$12.0 million in exploration over a 4-year period.

Woodjam South
Gold/Copper/Molybdenum Project.

Located in south-central British Columbia, 40 km south of Imperial Metals' Mt. Polley mine, with which it shares a similar geological setting. In 2007, the new copper-molybdenum-gold Southeast Zone was discovered.

The Woodjam Joint Venture, consisting of Fjordland Exploration Inc. (60%) and Cariboo Rose Resources (40%) optioned the Woodjam North property to Gold Fields Ltd. in May 2010. Gold Fields can earn an initial 51% interest in the property by spending US$7 million in exploration over a 3.5-year period. During the initial option period, the WJV will be the operator of the project, while Gold Fields will provide technical direction. Gold Fields can extend the option a further 19% by completing a feasibility study on the property. In addition, Gold Fields must spend a minimum of US$2 million on the property for each of the first 4 years of the second option period.

Canadian Creek
Copper/Gold/Molybdenum Project.
Located in southwestern Yukon, Canadian Creek comprises 4,800 hectares over the western half of the Casino porphyry system and is in the White Gold District.

Alder Resources can earn a 60% interest in the Property by June 18, 2013 by making $250,000 in cash payments, issuing a total of 250,000 shares and funding exploration expenditures totalling $2,500,000.

Carruthers Pass
Copper/Zinc/Silver/Gold Project.
Located in northern BC, the Carruthers Pass property consists of 130 claim units covering 3.250 ha (8,000 acres). Several geophysical conductors have been outlined in an airborne survey flown in July 2004. Exploration programs in 2005 and 2006 have outlined several targets for follow-up, including drilling.

Carruthers Pass is available for option.

Cowtrail
Copper/Gold Project.
Located just south of the existing Mt. Polley mine, this property shows a magnetic signature similar to Mt. Polley as well as an Induced Polarization anomaly.

Dajin Resources Corp. may earn a 65% interest in Cowtrail by making cash and share payments and completing $1 million in exploration by November 2010.

Pat
Copper/Gold Project.
Located in the eastern Cariboo close to Wildrose's Spanish Mountain and Woodjam projects. Shows a magnetic signature similar to Mt. Polley as well as an Induced Polarization anomaly.

Astorius Resources Ltd. may earn a 60% interest by conducting $1.2 million in exploration and making cash and share payments over a four year period.

Summary of Mineral Properties and Status (June 2009)

	Woodjam North	Woodjam South	Carruthers	Canadian Creek	Cowtrail	Pat
Status	Farmed Out	Farmed Out	Available	Farmed Out	Farmed Out	Farmed Out
Location	BC	BC	BC	Yukon	BC	BC
Optionee	Gold Fields	Gold Fields	N/A	Alder	Dajin	Astorius
Mineral	Au, Cu	Cu, Au, Mo	Au, Cu	Au, Cu	Cu, Au	Au, Cu
Option Date	June 2009	May 2010	N/A	June 2009	Aug 2005	Oct 2007
Option Term	Five years See Note 1	3-1/2 years See Note 2	N/A	Four Years	Five years	Four years
Interest to be Earned	51%	51%	N/A	-	65%	60%

Remaining Option Requirements

	Woodjam North	Woodjam South	Carruthers	Canadian Creek	Cowtrail	Pat
Cash	$70,000	$200,000 (CRB PP)	N/A	$250,000	$85,000	$115,000
Shares	-	-	N/A	250,000	-	150,000
Exploration	$7,000,000	$7,000,000	N/A	$2,500,000	$900,000	$1,200,000

Notes:
1. Woodjam North is a joint venture. Fjordland holds 60% and Cariboo Rose holds 40%. Gold Fields may extend the option to earn a further 19% interest in the Woodjam North property by funding C$12.0 million in exploration over a 4-year period.
2. Woodjam South is a joint venture. Fjordland holds 60% and Cariboo Rose holds 40%. Gold Fields may extend the option to earn a further 19% interest in the Woodjam South property by funding C$8.0 million in exploration over a 4-year period and doing a feasibility study.

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