Report of Work

On the

Triton Property

MacMurchy Township, Ontario

NTS 41P

Larder Lake Mining Division

Claim Nos. 504544, 504578

For

World Ventures Inc.

May 26, 2004 Timmins, Ontario

Matthew Johnston Consulting Geophysicist 1226 Gatineau Blvd. Timmins, Ont. P4R 1E3

41P11SE2061 2.27753 MACMURCHY 010

Table of Contents

Page No. 1.0 Introduction 2

2.0 Location and Access 2

3.0 Summary of 2004 Geophysical and Line Cutting Program 2

4.0 Discussion of Results 5

5.0 Conclusions and Recommendations 5

Statement of Qualifications

Appendices

Appendix A Geophysical Instruments and Survey Methods

List of Maps Map Scale

Total Field Magnetic Survey - Contours and Posted Data l :2500 Total Field Magnetic Survey - Posted Data l :2500

-2-

1.0 INTRODUCTION

The Triton property of World Ventures Inc. consists of 2 unpatented mining

claims numbered 504578 and 504544, located in MacMurchy Township; Larder Lake

mining division. During early May 2004, a program of line-cutting and geophysical

surveys was conducted over this claim group. The geophysical program consisted of total

field magnetic surveying. M.C. Exploration Services Inc., of Timmins Ontario, carried

out the line-cutting and geophysical surveys.

2.0 Location And Access

The Triton property is located approximately 14 kilometers east of the village of

Shining Tree, Ontario. Shining Tree is located approximately 150 kilometers south of the

city of Timmins. Access to Shining tree is achieved by driving south from Timmins for

approximately 150 kilometers along highway 144 to the junction of highway 560. Travel

east along highway 560 for approximately 60 kilometers to reach the village of Shining

Tree. The claim group is located immediately west of Pat Lake in MacMurchy Township.

Access to the grid is via highway 560 east from Shining Tree for approximately 14

kilometers; then south for approximately 5 kilometers on Bay road to the center of the

claim group (See figures l 8c 2).

3.0 Summary of 2004 Geophysical and Line Cutting Program

The line cutting on the Triton grid totaled 4.0 kilometers, which consisted of a

0.4-kilometer long baseline striking at 090 degrees. The grid lines were cut every 100

meters along this baseline and ranged in length between 400 and 800 meters. The grid

lines were cut every 100 meters with pickets chained at 25-meter intervals along all lines.

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The geophysical program consisted of total field magnetic surveying. The total

magnetic field survey, using a GEM GSM-19 magnetometer, totaled 4 kilometers with

readings collected every 12.5 meters along all lines.

A description of the instrument and survey methods can be found in appendix A.

4.0 Discussion of Results

The magnetic survey on the Triton grid indicates a relatively quiescent

magnetic background, with magnetic values ranging between 56372 and 58201 nT. The

background magnetic field strength is 57072 nT. The isomagnetic contour pattern is

dominated by strong linear magnetic anomaly trending north south through the grid area.

This anomaly is clearly evident on the magnetic contour map. This linear magnetic high

is disrupted by a highly anomalous circular 'bulls-eye' magnetic high approximately

1100 nT above background. This magnetic anomaly is centered at grid coordinates

200E/175N and is approximately 150 metres in diameter. The linear magnetic anomaly

trending through the grid area may reflect a diabase dike, common to this area. The high

amplitude circular magnetic anomaly is of unknown lithological origin. No other

significant magnetic anomalies were mapped over the Triton grid during this survey.

5.0 Conclusions and Recommendations

The magnetic survey over the Triton grid located one significant geophysical

anomaly, which would be prospective for further follow-up mineral exploration. A

program of more detailed magnetic surveying would aid in better defining this magnetic

anomaly and its areal extent. In addition, this anomaly should be investigated by ground

prospecting or geological mapping in order to determine its geological origin and

significance. It is possible that a program of induced polarization surveying would aid in

revealing any mineralized zones, which may have disseminated accumulations of

-6-

sulphkJe or grapfiftic minerals that may be associated with this magnetic anomaly. These

zones are often prospective for gold deposits.

Any existing geological or geochemical information for the surveyed grid will aid in further assessing any geophysical anomalies.

Respectively Submitted,

latthew Johnston Consulting Geophysicist

Statement of Qualifications

This is to certify that: MATTHEW JOHNSTON

l am a resident of Timmins; province of Ontario since June 1, 1995.

l am self-employed as a Consulting Geophysicist, based in Timmins, Ontario.

l have received a B. Se. in geophysics from the University of Saskatchewan; Saskatoon, Saskatchewan in 1986.

l have been employed as a professional geophysicist in mining exploration, environmental and other consulting geophysical techniques since 1986.

Signed in Timmins, Ontario, this May 28, 2004

Appendix A

Survey Theory - Total Field Magnetics

Magnetic Survey

Theory:

The magnetic method is based on measuring alteration in the shape and magnitude of the earth's naturally occurring magnetic field caused by changes in the magnetization of the rocks in the earth. These changes in magnetization are due mainly to the presence of the magnetic minerals, of which the most common is magnetite, and to a lesser extent illuminate, pyrrhotite, and some less common minerals. Magnetic anomalies in the earth's filed are caused by changes in two types of magnetization: (1) Induced, caused by the magnetic field being altered and enhanced by increases in the magnetic susceptibility of the rocks, which is a function of the concentration of the magnetic minerals. (2) Remanent magnetism is independent of the earth's magnetic field, and is the permanent magnetization of the magnetic particles (magnetite, etc.) in the rocks. This is created when these particles orient themselves parallel to the ambient field when cooling. This magnetization may not be in the same direction as the present earth's field, due to changes in the orientation of the rock or the field. The unit of measurement (variations in intensity) is commonly known as the Gamma which is equivalent to the nanotesla (nT).

Method:

The magnetometer, GSM-19 with an Overhauser sensor measures the Total Magnetic Field (TFM) perpendicular to the earth's field (horizontal position in the polar region). The unit has no moving parts, produces an absolute and relatively high resolution measurement of the field and displays the measurement on a digital lighted display and is recorded (to memory). Initially, the tuning of the instrument should agree with the nominal value of the magnetic field for each particular area. The Overhauser procession magnetometer collected the data with a 0.2 nanoTesla accuracy. The operator read each and every line at a 12.5 m interval with the sensor attached to the top of four (56cm), aluminum tubing sections. The readings were corrected for changes in the earth's magnetic field (diurnal drift) with a similar GSM-19 magnetometer, acting as a stationary base station which automatically read and stored the readings at every 15 seconds. The data from both units was then downloaded to PC and base corrected values were computed.

ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Transaction No:

Recording Date:

Approval Date:

Client(s):

200408

Survey Type(s):

W0480.00816

2004-JUN-01

2004-JUN-07

Work Report Summary

Status: APPROVED

Work Done from: 2004-MAY-05

to: 2004-MAY-28

TECK COMINCO LIMITED

LC MAG

Work Report Details:

Claim# Perform

L 452375 SO

L 504544 31,457

L 504574 SO

L 504578 81,918

L 504579 SO

S3.375

External Credits:

Reserve:

Perform Approve Applied

SO S400

S1.457 S800

SO S400

S1,918 S800

SO S400

S3, 375 S2.800

SO

S575 Reserve of Work

S575 Total Remaining

Applied Approve

S400

S800

S400

S800

S400

S2.800

Assign Assign Approve Reserve

so o soS400 400 S257

so o soS800 800 S3 18

SO 0 SO

S1.200 S1.200 S575

Reserve Approve Due Date

SO 2005-JUN-01

S257 2006-JUN-01

SO 2005-JUN-01

S318 2006-JUN-01

SO 2005-JUN-01

S575

Report*: W0480.00816

Status of claim is based on information currently on record.

41P11SE2061 2.27753 MACMURCHY 900

2004-Jun-17 16:35 armstrongjd Page 1 of 1

Ministry ofNorthern Developmentand Mines

Date: 2004-JUN-09

Ministere du Developpement du Nord et des Mines Ontario

GEOSCIENCE ASSESSMENT OFFICE 933 RAMSEY LAKE ROAD, 6th FLOOR SUDBURY, ONTARIO P3E 6B5

TECK COMINCO LIMITED SUITE 600, 200 BURRARD STREET VANCOUVER, BRITISH COLUMBIA V6C 3L9 CANADA

Tel: (888)415-9845 Fax:(877)670-1555

Dear Sir or Madam

Submission Number: 2.27753 Transaction Number(s): W0480.00816

Subject: Approval of Assessment Work

We have approved your Assessment Work Submission with the above noted Transaction Number(s). The attached Work Report Summary indicates the results of the approval.

At the discretion of the Ministry, the assessment work performed on the mining lands noted in this work report may be subject to inspection and/or investigation at any time.

If you have any question regarding this correspondence, please contact STEVEN BENETEAU by email at steve.beneteau@ndm.gov.on.ea or by phone at (705) 670-5855.

Yours Sincerely,

/f,Ron C. GashinskiSenior Manager, Mining Lands Section

Cc: Resident Geologist

Teck Cominco Limited (Claim Holder)

Assessment File Library

Teck Cominco Limited (Assessment Office)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:19489

ONTMUOCANADA

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General Information and Limitations

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Date ^ Time of Issue: Wed Jun 30 11:03:37 EOT 2004

TOWNSHIP ; AREA PLAN MACMURCHY 6-0988

ADMINISTRATIVE DISTRICTS l DIVISIONS

Mining Division Larder LakeLand Titles/Registry Division SUDBURYMinistry of Natural Resources District TIMMINS

TOPOGRAPHIC Land Tenure

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LAND TENURE WITHDRAWALS

IMPORTANT NOTICES

LAND TENURE WITHDRAWAL DESCRIPTIONS

W-LL-PtCRt W*m rod iK. 2CKD

2.27753LGMAG

100W 100E 200E 300E 400E 500E

Claim 504578 b

25Scale 1:2500

25 50 75 100 125 150

metre

CONTOUR INTERVAL ^ 20, 100 nT

LINE KILOMETERS SURVEYED = 4

100W 100E 200E 300E 400E 500E

WORLD VENTURES INC.TRITON PROPERTY

TOTAL FIELD MAGNETIC SURVEY - CONTOURS TRITON 2004 GRID

MACMURCHY TOWNSHIP - LARDER LAKE MINING DIVISIONCLAIM NOS. 504544, 504578

INSTRUMENT: GEM GSM-19 MAGNETOMETERMAGNETIC REFERENCE FIELD * 57000 nT

SURVEYED BY: M. C. EXPLORATION SERVICES INC.

41P11SE2061 2.27753 MACMURCHY 210

100W

Claim 504544

o - BON

T 56955

56960

56964

56970

56989

56965

56976

56979

- 56979

56976

56983

56984

56994

56989

56991

56995

-- 56995

56988

56981

56976

56966

56965

56959

56955

- 56960

56954

56950

56945

56950

56950

56932

56909

-j o -*j -jo -^ w -fc"oo Co en roen 01 to -*

Claim 504578 S

100E

m

56958

Cn Ol Cn

200E

m

57185

5720257203

300E

56955

- 56953

56966

56982

56990- 56868^*-""^

56871

56985

57174

57154

57157

57079

57078

' 57014

56956

57017

56964

57101

57419

57306

57207

57109

57140

57108

57214

57201

57303

57440

57409

57375

57207

57262

57258

57138

57091

57243

57145

- 56950

56908

56908

56890

56839

56990

57032

56977

- 56893

56867

56842

56931

56896

57117

57390

57486

- 57063

56990

56954

56934

56916

56911

56910

56900

- 56891

56887

56873

56850

56816

56774

56731

56747

- 57176

57144

57114

57102

57059

57165

57264

57165

- 57112

57077

57075

57108

57230

57337

57593

57860

- 57941

57836

58117

57995

57740

57607

57439

57328

- 57246

57209

57197

57220

57308

57269

57181

57289

- 56987 ^

56991

56997

56991

56986

56983

57184

56985

- 57016

57132

57264

57237

57243

57168

57150

57052

- 57045

57000

56972

56984

56981

56991

56992

57018

- 57042

57007

56978

56960

56973

56919

56953

56927

————————— i ————————— i ————————— *-~ ——————

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rn m m

100W 100E 200E 300E

400E 500E

Pat Lake

BON

m

25Scale 1:2500

25 50 75 100 125 150

metre

LINE KILOMETERS SURVEYED = 4

400E 500E

WORLD VENTURES INC.TRITON PROPERTY

TOTAL FIELD MAGNETIC SURVEY - POSTED DATA TRITON 2004 GRID

MACMURCHY TOWNSHIP - LARDER LAKE MINING DIVISIONCLAIM NOS. 504544, 504578

INSTRUMENT: GEM GSM-19 MAGNETOMETERMAGNETIC REFERENCE FIELD = 57000 nT

SURVEYED BY: M, C. EXPLORATION SERVICES INC.

41P11SE2061 2.27753 MACMURCHY 220