Yellowknife Gold Project
Resources

The Yellowknife Gold Project contains the Ormsby Zone, the Bruce Zone, the Nicholas Zone, the Clan Main Zone and the Goodwin Vad Zone.The resource estimates are based on geological models for which the nature and orientation of the mineralization is derived from the results of diamond drilling programs, underground mapping and sampling of decline development as well as on an extensive amount of technical data obtained during previous exploration programs. The resource estimates have been calculated using a search ellipsoid in an inverse distance to the second power model.The figures are rounded for presentation. The Ormsby, Bruce, Goodwin Vad and Clan Main Zones are at a 1.25 gpt cutoff. The Nicholas Zone is at a 1.1 gpt cutoff.The resource estimates incorporate all of the data available as of November 2009 and conform to National Instrument 43-101 policies. Mr. V. Pratico, P.Geol., the designated QP within the meaning of NI 43-101, has reviewed this resource summary and approves of its content. The December 23, 2009 technical report titled “Report on the Resource Estimate of the Yellowknife Gold Project, District of Mackenzie, NWT, Canada” is filed on www.sedar.com and www.tyhee.com.

Preliminary Assessment of the Yellowknife Gold ProjecReport on the Resource Estimate of the Yellowknife Gold Project, District of Mackenzie, NWT, Canada

Table 1.    Yellowknife Gold Project Resource Summary

Measured

Indicated

M + I

Inferred

Ormsby Zone              Tonnes

3,003,000

7,898,000

10,901,000

223,000

Grams per Tonne

3.41

3.42

3.42

3.14

Troy Ounces, Gold

329,000

869,000

1,198,000

23,000

Nicholas Zone              Tonnes

1,249,000

1,484,000

2,733,000

955,000

Grams per Tonne

3.81

3.32

3.54

3.92

Troy Ounces, Gold

153,000

158,000

311,000

120,000

Bruce Zone                  Tonnes

791,000

791,000

396,000

Grams per Tonne

3.31

3.31

2.76

Troy Ounces, Gold

84,000

84,000

35,000

Clan Main Zone          Tonnes

3,021,000

3,021,000

Grams per Tonne

3.64

3.64

Troy Ounces, Gold

354,000

354,000

Goodwin Vad Zone     Tonnes

971,000

Grams per Tonne

2.91

Troy Ounces, Gold

91,000

Resource Totals

Measured

Indicated

M + I

Inferred

Tonnes

4.252,000

13,194,000

17,446,000

2,545,000

Grams per Tonne

3.53

3.45

3.47

3.29

Troy Ounces, Gold

482,000

1,465,000

1,947,000

269,000

 

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Last updated March 5, 2010