Assessment Work Report

A REPORT ON A 2012 STRIPPING PROGRAM

ON THE

HISTORIC HOLDING MINE PROPERTY

OF

MPH VENTURES CORP.

ASQUITH TOWNSHIP LARDER LAKE MINING DIVISION

SHINING TREE AREA

March 2012 J G Salo

INTRODUCTION During March of 2012, MPH Ventures Corp, undertook a program of mechanical stripping on Claim 4250008, in central Asquith Township. The follow up plan in the summer, is to perform a blasting and sampling program on the stripped area. PROPERTY LOCATION ACCESS The property consists of a single 10 unit claim registered in the name of MPH Ventures Corp.

LARDER LAKE - Division 80 Claim No: L 4250008 Status: ACTIVE

Due Date: 2012-Mar-22 Recorded: 2010-Mar-22

Work Required: $ 4,000 Staked: 2010-Feb-24 12:40

Total Work: $ 0 Township/Area: ASQUITH (G-3206)

Total Reserve: $ 0 Lot Description:

Present Work Assignment:

$ 0 Claim Units: 10

Claim Bank: $ 0

Claim Holders

Recorded Holder(s) Percentage Client Number

MPH VENTURES CORP. ( 100.00 %) 401436

In 2002, forestry harvesting was done in the area and a new access road was built at that time and is still a viable road, as depicted on the accompanying claim map of Asquith Township. The forestry company had left the cedars and spruce around the lakes and in swamps, with isolated patches of birch and poplar on higher ground. The area is now grown in with tag alders.

HISTORICAL COMMENTS The historic Holding Mine property was described by P. E. Hopkins in Ontario Department of mines 29th Annual Report, Part III, 1920. The following is a direct quotation from Hopkins report excluding the photo. “Holding (3508, 3118)- The Holding property, which is controlled by R. L. Henderson, of Toronto, is located south of MacDonald Lake in Asquith Township. Gold was discovered near the centre of these claims in September 1912, by R. Holding, of Chapleau, Ontario. The deposit consists of numerous parallel quartz stringers, up to four inches and occasionally one foot in width, in amphibolite or hornblende schist. The deposit is several feet wide, and has been trenched for about 200 feet in a northeast-southwest direction. Certain parallel layers of schist contain an abundance of crystallized pyrite. The quartz is of a white, nearly transparent type, and contains a little copper pyrites and talc and gold in a few places. An inclined shaft, at an angle of about 70 degrees to the southeast, has been sunk on the mineral zone to a depth of approximately 50 feet. At a depth of 30 feet a 10 ft drift was put in to the southwest and some rich gold samples obtained. Although rich samples have come from some parts of the deposit, nevertheless many other parts were found on assay to contain no gold. A pump operated by a gasoline engine was used to keep water out of the shaft”. Other than comments stating the property was idle, a government publication search did not reveal any further information on the Holding Mine. In 1989, Asquith Resources Inc. optioned 2 patented claims from the Moore family and carried out a geological mapping and surveying program over the ground in 1990. This work revealed the discovery of three shallow shafts at the Holding, it is assumed from the dump material that they were sunk on white quartz veins. This geological mapping also revealed extensive trenching and pitting. In 2002 a stripping, washing and blasting program was carried out by Roy Annett of Shining Tree. This program was a step out testing of the trenches and pits revealed in the 1990 work by Asquith Resources. The best gold assay was 7.47 g/tonne and for copper it was 259 ppm. The recommendations of this program were to return to the main shaft area and to try and trace the veining.

GEOLOGICAL SETTING The northern portion of Asquith Township in underlain by Archean volcanics consisting of a northwesterly striking layered sequence of mafic volcanics, metasediments and felsic volcanics cut by late Precambrian diabase dikes and sills. The southern portion of the township is underlain by a large stock of granite. The MPH Ventures property, as shown by the 1990 mapping performed by Asquith Resources, is underlain mainly by dark green amphibolite and massive flows interlayered with grey to light green quartz-eye porphyry, tuffs and rhyolites. Diabase strike across the property in a roughly north-south direction. Clear translucent and white quartz veins, are apparent in the Holding Mine workings. Pyrite is apparent as an accessory material. Annett reports that the quartz eyes brilliant blue or white in color and that the pyrite is cubic.

2012 STRIPPING PROGRAM During March of 2012, Acklo Diamond Drilling carried out a stripping program on a portion of claim 4250008, around of the Holding Shaft. Four shafts were located, however only three were stripped. The fourth is located approximately 300m NW from the main shaft. A D6 Bulldozer operated by Larry Salo and a JD310 Loader operated by Roy Annett were mobilized to the property on March 15, 2012.

Photo showing GPS at starting point of stripping.

Main Shaft- starting at UTM zone 17- 0482214E, 5266324N. Due to climatic situation, it was not possible to get right up to the shaft. Samples 29652 and 29654 were collected at this way point. The rock was a quartz blowout with mineralization and cubic pyrite. The direction of this inclines start is striking 50 degrees.

SHAFT #1

Quartz veining in #1 Shaft

Shaft #2- located at UTM zone 17-0482240E, 5266339N. From the shaft point stripping was carried out at 50 degrees over bedrock. The northern most side was a greenstone, then a volcanic shearing, a 4 foot wide basalt dyke, volcanic shearing and the gabbro.

SHAFT #2

Shaft #3- located at UTM zone 17- 0482232E, 5266316N. This shaft has an extremely large dump pile in place, however bedrock was not reached.

SHAFT #3 (the apparent brown which looks like outcrop is actually rotten wood)

Dump Pile for Shaft #3 Three trenches were located just to the east of the stripping during the photography however the machines had been demobilized prior to this locating.

Blue eyed quartz from pits located after the fact To be sent for assays. The total area of stirpping is 50m east-west by 40m north-south

CONCLUSIONS AND RECOMMENDATIONS The purpose of this program was to investigate the area around the shafts , as it was very overgrown. Some historic work that had not been reported was located. By stripping the area it is apparent that the limited outcropping shows that there are several quartz sweat veins and blow outs within a shear zone. It is recommended that a follow up program be done.

1- Line Cutting and magnetometer survey over the entire property to outline contacts. Approx. cost $20,000.00

2- According to old reports the shaft located 300mNW of this stripping area has visible gold. Further stripping in the area of this fourth shaft and sampling. Approx cost $17,500.00

3- The old trenches located to the SE of this stripping program show a different matrix to the shear (it is a lot greener and has blue eyed quartz. A cleaning of these trenches and sampling program. (old reports from underground show the results are better in this direction. Approx cost $7,500.00

4- Drill program- 3 x 100 foot holes under each side of the main shaft. Then 1 x200 foot hole under which ever of the above gives the best values. Approx cost $60,000.00

Respectfully Submitted J. G. Salo

ANNEXES

Location Map

Claim Map

Sample location map

Stripping map

Photos of relics

Photos of samples

Daily log

Assay receipt (assays pending)

PROPERTY LOCATION AND ACCESS MAP The road start at km 53 on highway 560 directly across

from the MTO sand dome in Shining tree.

PHOTOS OF RELICS

Modified scaling bar- Found in dump pile near Shaft #1

Tenders Bell on side of Shaft #1

Concrete foundation for Steam Winch

Fuel wood for steam boiler

Hoisting bucket beside #1 shaft

Photos of samples

Sample 29654- Amphibolite/quartz contact

Sample 29655- quartz with pyrite in dump north side of Shaft #2

Sample 29657- Argentite/quartz shear

Sample 29659- quartz shear

SELECTED REFERENCES Carter, M. W. 1979b: Asquith Township, Ontario Geological Survey:

Map P2312, Geological Series. 1987; Geology of Shining Tree Area, OGS Report 240.

Hopkins, P. E. 1920: West Shining Tree Gold Area; Ontario Dept of Mines Annual Report for 1920, Vol 29, Part 3 K.L. Assessment Files: Geological mapping parts of Asquith Township by R. Curtis for Asquith Resources Inc. 1990

AMENDMENTS AS PER REQUEST

MPH VENTURES CORP ASQUITli TOWNSHIP STRIPPING/SAMPLING PROGRAM

5266350

5266340

6

5266330 .,

1 2

5266320

5266310

5266300

#3 Post 330m west, 738m south UTM Zone 17, 481509E, 5265744N

Sample locations

4 5

3

NORTH

0 2.5cm

0 10M

1- 29652-loose- quartz contact wit h volcanic shear- cubic pyrite

2- 29654- Amphibolite/quartz cont act-in olace

3- 129653- loose from dump-mineralized volcanics

4-29655- quartz with pyrite- dump

<;_ ?Q.;<;.;_ ""~'" Hh nu,;t,- n"mp

6- 29657- argilite quartz shearing

7-29658- quartz shear 10% pyrite

8- 29659- quartz shear

March 2012- J G Salo

Holding Mine Property Time Breakdown March 15, 2012- Mobilization D-6 from Gowganda Mobilization JD310 from Timmins Larry Salo- Truck to load and unload equipment Roy Annett- Truck to load and unload equipment March 16, 2012- Larry Salo- 8 hours bulldozing around shaft to flatten muck pile Roy Annett- 8 hours JD310- digging debris from old trenches March 17, 2012 Larry Salo- 4 hours bulldozing shear zone March 18, 2012- Larry Salo- 4 hours bulldozing to north and south of shear zone Roy Annett- 6 hours JD310 cleaning shaft #3 March 19, 2012- Demobilization of all equipment to Shining Tree. Larry Salo and Roy Annett- assisting with load and unload. March 21, 2012- Joe-Anne Salo- site visit, photography, report Larry Salo- delivery of samples to Swastika labs

Swastika Laboratories AuAssay2001 12 1023 4/13/2012 Total Pulp Wt +100 wt Total Sample Wt Assay value Au +100 Assay value Au -100 Total weight Au -100 Metallic Au Metallic Au Au total Au total Sample g g g g/Mt g/Mt mg Toz/t g/Mt Toz/t g/Mt 29652 147.11 11.12 158.23 0.01 0.01 <0.01 <0.001 <0.01 < 0.001 0.01 29653 387.69 20.89 408.58 0.23 0.23 0.09 <0.001 0.01 0.007 0.23 29654 205.5 9.62 215.12 0.01 0.01 0 <0.001 <0.01 < 0.001 < 0.01 29655 277.03 5.73 282.76 0.03 0.06 0.02 <0.001 <0.01 0.002 0.05 29656 435.61 31.14 466.75 0.01 0.02 0.01 <0.001 <0.01 < 0.001 0.02 29657 238.19 14.94 253.13 0.01 0.03 0.01 <0.001 <0.01 < 0.001 0.03 29658 218.37 19.53 237.9 0.02 0.03 0.01 <0.001 <0.01 < 0.001 0.03 29659 469.93 6.04 475.97 0.02 0.1 0.05 <0.001 <0.01 0.003 0.1