In August 2009, the Company entered into an option agreement with Avnel Gold Mining Limited ("Avnel") to earn a initial 51% interest in Avnel's 80% interest in Société d'Exploitation de Mines d'Or de Kalana ("SOMIKA") which is the holder of a 30 year mining exploitation permit encompassing 387.4 sq. km. around and to the south of the operating Kalana Gold Mine in Mali, West Africa.

For more information, please visit Avnel Gold Mining Limited.

SIRIBAYA, MALI

In December 2008, the Company entered into an option agreement with Merrex Gold Inc. (“Merrex”) to earn a 50% interest in its Siribaya gold project in Mali, West Africa.

The Siribaya gold project consists of a 700 square kilometre land package in western Mali that covers two major regional structural trends that hold significant potential for economic gold mineralization. Merrex has spent over C$8.0 million to date on exploration at Siribaya and has reported significant gold intersections along a two-kilometre segment of an anomalous gold trend that extends for more than six kilometres within the land package.