Pelangio Exploration Inc.
Other Canadian Properties and Royalties
Pelangio currently owns a number of other Canadian properties, as shown in the following chart:
| Seeley Lake | Lartic Gold | Thunder Gold | Black Township | Mahaffey | |
|---|---|---|---|---|---|
| Location | 14 kilometres northeast of Marathon, Ontario | 4 kilometres west northwest of Malartic, Quebec | 20 kilometres west of Timmins, Ontario | 100 kilometres east of Timmins, Ontario | 50 kilometres north of Timmins, Ontario |
| Size |
19 claims (760 acres) |
9 claims (900 acres) |
1 lease (120 acres)(1) |
2 claims (480 acres) | 231 (9,240 acres) |
| Interest | 100% | 100% | 100% | 100% | 100% |
| Underlying Royalty | None | None | 2% to vendors and $1000 per year advance royalty | None | None |
Notes:
(1) Pelangio converted three claims to a lease during the third quarter of 2010
(2) Pelangio staked these claims during the fourth quarter of 2010.
Pelangio also owns the following royalties and carried interest in a number of Canadian properties as shown in the table below.
| Matheson West and East | 1% NSR can be purchased by Matamec Explorations Inc. for $1,000,000 and 100,000 common shares of Matamec |
|---|---|
| Simon Copper Project | 1% NSR on future production |
| Stoughton Staz | 10% participating interest carried to bankable feasibility |
| Mord | 1.5% NSR (provided Pelangio exercises right to buy back 1% for 100,000 shares of Pelangio) |
| Ross/Guibord | 1% NSR |
Source: http://www.pelangio.com/s/canada.asp?ReportID=689233
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