Between 2006 and February 2010 Maudore completed about 89,000m of drilling, which contributed to the August 2010 Resource Estimate. The Estimate also incorporated just over 100,000m drilled by previous operators. In the past two years, Maudore has completed over 80,000 meters of drilling per year (2010 and 2011). For these two years, Maudore has deployed four rigs operating 24/7, every week of the year except Christmas week.

The potential for expansion of the Resource is reflected by numerous intercepts reported since the resource cut-off date, as laid out in the table below:

NOTE: The November 1, 2011 intercept (last in the table) is from a hole located about 285m south of the known resource area, and therefore indicates good potential for resource expansion in the potential Eastern Extension.

These and many other high-grade intercepts, including broad, shallow mineralization adding to the potential open pit, demonstrate that gold exists along a 1.8km known trend, and possibly well beyond that mark. Drilling for possible Eastern and Western extensions is under way at Comtois, and exploration work is also ongoing on Maudore’s other semi-contiguous properties.

Additionally, Maudore is very actively developing as well as exploring. Ongoing work includes updating the 43-101 Resource Estimate; metallurgical test work; environmental baseline studies and community relations.