Pelangio Exploration Plans Drill Program for Dome West Project, Timmins Ontario

• Highly prospective Vipond stratigraphy hosts a substantial portion of the gold mineralization at the Dome Mine and Paymaster Mine and crosses the Dome West property boundary from the Paymaster at the 1000-foot (304.8 meter) level;
• This is a significant target horizon that is untested on the Dome West project;
• Newly obtained historical data from underground drill intercepts grading 0.63 oz/ton gold over 6 feet (21.6 g/t gold over 1.82 meter (“m”)) and 1.74 oz/ton gold over 6.5 ft (59.6 g/t gold over 1.98 m) from the adjoining Paymaster Mine along with government data was reviewed;
• This data demonstrates gold bearing feldspar porphyry intrusives potentially strike and dip on to the Dome West Property. (See Figures 1, 2, 3 & 4)

Ingrid Hibbard President and CEO commented, “In light of the promising data, we are looking forward to drilling these exciting targets at the Dome West project in Timmins. Within our strategic portfolio of gold projects, Dome West holds significant discovery potential for our shareholders.”

• Underground Paymaster Mine drill holes collared at the 1000-foot level (304.8 meter) of the mine to the east of the Dome West property boundary (See Figures 1 & 2) demonstrated the existence of a series of gold-bearing felsic porphyritic (“FP”) intrusive bodies and sills. The better gold values from these FP intrusives returned 21.6 g/t gold over 1.82 meter and 59.6 g/t gold over 1.98 meters. The FP intrusives also contained numerous anomalous intercepts ranging from 0.342 to 1.03 g/t gold. (See Figure 3). Due to the proximity of these intrusives to the Dome West property boundary, interpretation suggests that the strike and dip projections of the FP intrusives might extend into the Dome West property. These FP intrusives are representative of very high-quality targets which are untested on the Dome West property. It can be noted that substantial amounts of gold and copper ore have been mined from FP intrusives in the various mines in Timmins, such as the former McIntyre Mine and Preston East Dome. (References: Historical Paymaster Drill Holes PM10155 & PM10156; and Gold 86 International Symposium Proceedings, A.J. Macdonald,1986)
• The review of composite level plan data (Figure 4) from OGS Report 58 (Ferguson, S.1968) and a recent Pelangio drill hole, DW1901, demonstrated that the prospective Vipond stratigraphy which hosted a substantial portion of the ore at the Dome and Paymaster mines crosses the Dome West boundary from the Paymaster Mine at the 1000-foot level (304.8 m). (See Figures 2, 3, & 4) This is a second significant target horizon that is untested on the Dome West Property.

1. A deep hole to cross both the FP intrusives and the Vipond stratigraphy as seen in Figure 3; and
2. Shallow holes to test the FP intrusive targets on two section lines.