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Prospecting Explora tion

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Production Develop111cnt

• 3024 Hwy. 507 N, P.O. Box 291, Buckhorn , Ontario KOL 1JO

• Table of Contents

Pages

1. Introduction 2

2. Map (Property Location) 1

3. Map (Claim Location) 1

4. Maps (Area Gamma and Claim 1191970) 2

5. Completed Assessment Form 0241E 3

• 6. MJ\TDM Abstract 1191970 3

7. Sample Log 1

8. Assays 2

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Assessment Work Performed on Regis Resources Mining Claim 1191970

Introduction Assessment Work Performed November 17,2008 to November 2i-, 2008

This is the report on the fieldwork and the assay results for the Regis Resources' mining claim 1191970 due November 30,2008.

This claim was transferred to Regis in December 2006. It consists of 4 units in the Northwest corner of Anstruther Township, directly north of the Kawartha Highlands Provincial Park. The land is remote and accessible only by ATV trails that are, in several places, well overgrown since Regis' last performed work there a year ago. Therefore some further cutting was required for access by our prospector and explorer.

Regis' 2007 work identified further areas that required additional samples based on the topography, geology (OGS) maps and previous assay results. The field work, consisting of exploration, prospecting and auger sampling, was carried out by Regis Resources' new prospector, Mike Campbell, with assistance from Doug Newman, lab technician, and under the supervision of Regis Resources consultant, Eric Moeller, Nanoparticle Consultancy, LC, RPG SC374.

Due to the remote location and extreme weather conditions for November, the use of the Sumitomo excavator was impractical. Therefore samples were collected by auger drilling, in an area to the south and east of the swampland.

Vegetation and rock cover was consistent to that described in our previous work assessment. This included a large area of swampland crossing the lower third of the claim in a southwest to northeast direction.

Regis Resources, Inc. is Canada's only vermiculite mining/milling operation. In 2007 Mr. Moeller, a registered professional geologist, began looking at other mineral opportunities in addition to vermiculite on Regis's land holdings. Coincidentally, Dr. Mike Easton, Provincial Geologist, Sudbury, was starting a two-year re-mapping project of the Cavendish Township. As a part of both of those efforts a review of past activity in the area showed that in the 1950's there was a lot of activity in the area for Uranium, including underground workings and drill cores.

As a part of the overall review of the geology for the Regis land holdings, Claim 1191970 was identified as having both potential vermiculite and Uranium. The assessment work carried out this fall focused on vermiculite (including the attached assays from hand auger samples). But in addition to this work the geology of the claim was assessed for Uranium. This included a review of the previous geologic maps, Air Gamma surveys, and field review of the rock types on the claim. The attached "Airborne Gamma Ray Spectrometry Compilation" shows claim 119970 in relation to the Uranium "hotspots" in the district (the larger rectangle represents Cavendish Township). Claim 119970 had both Alaskanite (pink granites) that are typically host rocks for the Uranium, as well as

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marbles which are host rocks for the vermiculite. Where the two rock types meet there can be skarns with replacement uranium deposits, but none were found this field season.

Conclusion

Claim 119970 has both vermiculite and Uranium potential. Vermiculite samples analyzed showed low grade, fine vermiculite localized in marble host rocks (typical of vermiculite deposits found in the district). The 2009 field season will further explore and test the uranium potential of the Alaskanite rocks found this field season.

Field Work Performed by

/l~;)A= ~44thit'! Mike Campbell 7 Prospector & Exploration Prospector's Licence 1005812

~-> ~---.J.<'----::-r EricM~RPGSC374 " Consultant Prospector's Licence 1005809

~AJ.~ Doug Newman P. Eng Lab Technician, Exploration

@:~;<wY-Heather Robertson Report Presentation

Peterborough, ON, Canada to Catchacoma, Galway-Cavendish and Ha ... http://maps.googie.com

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Driving directions to Catchacoma, Galway-Cavendish and Harvey, ON, Canada 53.0 km - about 56 mins

Peterborough, ON Canada

1. Head east on Hunter St W toward Water St

2. Turn left at Water St

3. Turn right at Parkhill Rd W

4. Turn left at Armour Rd

5. Turn left at Nassau Mills Rd

6. Turn right at Water St

7. Continue on HWY-29

8 . . Slight left at Buckhorn Rd/HWY-23 Continue to follow HWY-23

9. Slight left at HWY-36

10. Turn right at HWY-507

11. Turn Left at Vermiculite Canada

92 m 1.1 km

0.8 km

4.1 km

0.3 km

1.5 km

3.3 km

19.6 km

7.4 km

11.0 km

\\ /20/20088: 17 AM

UTI.! Zoos 17 5000m grid

71QOOOE 715000E

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Legend

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Centre of claim Assay Locations Nov. 2007 Assay Locations Nov. 2008

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Mining Lands - Mining Divisions of Ontario http://www.mci.mndm.gov .on.ea/Claims/CC Claims! elm _ csd.CFM?Cl ...

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~OntariO I MINISTRY OF NORTHERN DEVELOPMENT AND MINESI

• Home • Min~5 and l\1inerals • Northern Development • News • Site Map • Contact Cs _ .......... _.-------

Active Mining Claim Abstract I Main Menl! I §ack I

SOUTHERN ONTARIO Mining Division Claim No: SO 1191970 Status:

Due Date: 200S-NOV-30 Recorded: 200l-lan-I?

Work Required: $ 1,000 Staked: 2001-Jan-ll 13 :00

Total Work: $ 5,400 Township/Area: ANSTRUTHER (G-3151)

Total Reserve: $0 Lot Description: CON 18 LOT? & 8

Present Work $0 Assignment:

Claim Bank: $0

Claim Holders

Recorded Holder(s) Percentage REGIS RESOURCES INC. (100.00 %)

Transaction Listing

Type Date Applied Description

Claim Units: 4

STAKER 2001-Jan-17 RECORDED BY ARCHIBALD, JOHN CHARLES (A45242)

TRAN 2001-Sep-04

TRAN 200 I -Oct- I I

ARCHIBALD, JOHN CHARLES (102825) TRANSFERS 100.00 % TO FEDER, ELLIOT (300540)

Client Number 303719

Performed Number RO I 90.00007

TO 190.30 179

TO 190.30218

• ORDER 2002-Nov-25

FEDER, ELLIOT (300540) TRANSFERS 100.00 % TO BLUE MARBLE MINING CORP. (392771)

MINISTER'S ORDER EXTENDS TIME UNTIL AND INCLUDING 2003-APR-17 FOR WORK AND FILING THEREOF

00290.00188

10f3 11118/20087:22 AM

Mining Lands - Mining Divisions of Ontario http://www.mci.mndm.gov.on.ca/Clairns/CC Clairns/c\m_ csd.CFM?Cl...

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WORK 2003-Mar-06 $ 1,600 WORK APPLIED (MAG, PROSP, PSTRIP) APPROVED:

2003-MAY-21

ORDER 2003-Dec-30 RECORDER EXTENDS TIME UNTIL AND INCLUDING

2004-JUL-19 FOR WORK AND FILING THEREOF.

OTHER 2004-Mar-02 PENDING PROCEEDINGS COMMENCED

WORK 2004-Jul-19 $ 1,600 WORK APPLIED (ASSAY, GEOL) APPROVED:

2004-JUL-20

OTHER 200S-Apr-l3 PENDING PROCEEDINGS COMMENCED

M1SC 2005-Apr-13 PENDING PROCEEDINGS BY COMMISSIONER

MISC 2005-May-05 ORDER OF THE COMMISSIONER

OTHER 2005-May-13 PENDING PROCEEDINGS REMOVED FROM ORDER

P0490.00072

ORDER 2005-May-13 COMMISSIONER EXCLUDES 438 DAYS (SECTION 67)

AND SETS NEW ANNIVERSARY DATE 2006-MAR-31

TRAN 2006-Dec-15 BLUE MARBLE MINING CORP. (392771) TRANSFERS

100.00 % TO REGIS RESOURCES INC. (303719)

OTHER 2006-Dee-I8 PENDING PROCEEDINGS REMOVED

ORDER 2006-Dec-IS COMMISSIONER REMOVES PENDING PROCEEDINGS

ORDER 2006-Dec-lS COMMISSIONER EXCLUDES 610 DAYS (SECTION 67)

AND SETS NEW ANNIVERSARY DATE 2007-DEC-Ol

OTHER 2007-Nov-23 WORK PERFORMED (ASSAY, PMAN, PMECH)

APPROVED: 2008-JAN-21

WORK 2007-Nov-23 $ 2,200 WORK APPLIED (ASSAY, PMAN, PMECH) APPROVED:

2008-JAN-21

Claim Reservations

01 400' surface rights reservation around all lakes and rivers 02 Sand and gravel reserved 03 Peat reserved 04 Other reservations under the Mining Act may apply 05 Including land under water

• Site \.fap • Contact Us

[;>Ontario Thi s site is mai nt ained by I hE! GO>lE!rnm enl of On! ari 0, Ca nada.

• • Priva~J: • Important Notices

20f3

$ 2,200

D0390.l)OS24

P0490.00072

P0590.00023

M0590.00076

M0590.00092

P0590.000 16

00590.00114

T0690.00378

P0690.00092

00690.00275

00690.00278

11118/20087:22 AM

Mining Lands - Mining Divisions of Ontario http://www.mci.mndm.gov.on.ca/Claims/CC Claims! elm _ csd.CFM?CI. ..

Copyright information: I&; Queen's Printer for OntariQ, 2008

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• 300 IIIlS/200S 7:22 AM

• • Sampl • .,

+ M r 0 ! I r A

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Size fraction \\ifigbh "m Auofiated Minrrftt!l Other VennlclJlitt' F

/b (. oI911t~v' o~

~-+-_~ __ ~ _______ +-5~ V V

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COMMERCIAL VERMICULITE ANALYSIS DATA

Vermiculite Assay - Regis Resources Screen Series

Samples: 1191970 Augur Samples

Saml!le Location % Weight Distribution Assay After Exfoliation Bag Yield

metres +18 -18 + 70 -70 Wtl&} Wtl&}

31 17.3% 35.7% 46.9% 362.1 250.7

32 8.5% 14.0% 77.5% 130.7 126.7

33 15.7% 260% 58.4% 272.0 269.0

34 11.4% 40,0% 48.6% 400.3 382.9

35 16.4% 33.2% 50.4% 344.8 327.0

36 15,1% 29.8% 55.1% 301.1 285.6

37 43.5% 41.5% \5.0% 309.6 304.1

38 14.9% 27.5% 57.6% 280.4 277.0

39 370% 34.1% 28,9% 188.1 158.1

40 13.2% 32.7% 54,1% 332.0 319.7

41 27.0% 48.7% 24.2% 397.4 376.4

Other Notes:

Sample 37 - Just inside west boundary of claim; soil contains marble, on surface Sample 39 - Loam only, shallow Sample 41 - Loam on I}" rocky area

Eastern part of claim along trail - rocky outcrop

LOE(%) VotLmId LmL,Ig} Bwlton

- 233 0.6 5.2

- 100 0.8 6,1

- 179 0.7 5.3

- 287 0.7 5.7

- 264 0.8 6.1

- 234 0.8 6.2

- 236 0.8 6.1

- 186 0.7 5.3

- 174 0.9 7.4

- 255 0.8 6.2

- 337 0,8 6,8

Date: 1112:4/08

Rock Grade Adj, Grade Content

WU&} Vm(%) Vm (%)* Vm (%)*

Trace -0.0% -0.0% ...(),O%

Trace -0,0% -0.0% -00%

Trace -0.0% -0.0% ...()O%

Trace -0,0% -0,0% -0.0%

Trace -0.0% -0.0% -0.0%

Trace -0,0% -0,0% -00%

Trace -00% -00% -00%

Trace -0,0% -00% -0.0%

Trace -0.0% -0.0% -0.0%

Trace -0.0% -0.0% -00%

Trace -0.0% -0.0% ...().O%

• 1191970 Augur Samples Summary

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