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Other Canadian Properties and Royalties

Pelangio currently owns a number of other Canadian properties, as shown in the following table:

  Seeley Lake Thunder Gold Black Township
Location 14 kilometres northeast of Marathon, Ontario 20 kilometres west of Timmins, Ontario 100 kilometres east of Timmins, Ontario
Size 19 claims
(760 acres)
1 lease
(120 acres)(1)
2 claims (480 acres)
Interest 100% 100% 100%
Underlying Royalty None 2% to vendors and $1000 per year advance royalty None

(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
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