Geological examination and rock sampling on the Papineau vanadium-titanium-iron Deposit,

Mattawa-Papineau Project Papineau Township, Ontario, Canada

A Technical Report For:

IMPERIAL METALS CORPORATION#200-580 Hornby Street

Vancouver, BC Canada, V6C 3B6

by:

B.H. (Ben) Whiting, M.Sc., P.Geo.

October, 2004

WHITING RESOURCE MANAGEMENT62 Quebec StreetKingston, ON, Canada, K7K 1T7Tel: (613) 531-9712e-mail: whiting@kingston.net

31L02NE2003 2.28759 PAPINEAU 010

Papineau vanudhtm-titanium-iron deposit 9

Summary

The Papineau property is located 10 kilometres south of the town of Mattawa in the Nipissing Mining Division, Ontario, Canada. Recent exploration, economic evaluation and mill testing programs have been focused on the almandine garnet potential, both for the abrasives industry and for specialty water-jet cutting tool applications. A 14 million tonnes garnet deposit, containing good quality almandine grading 2007o, has been identified and permitted for open pit mining.

On the same property, immediately south of the host hornblende-garnet gneiss zone and extractable from the same open pit, is a vanadium-titanium-iron deposit. With the recent major price increase in vanadium, worldwide shortfalls in current metal stockpiles, increasing world demand particularly in China, and technological developments such as the vanadium redox battery, the future for vanadium looks promising. Deposits containing vanadium are being re-evaluated.

In October, 2004, a geological examination and sampling of the parallel "Main Zone" and "South Zone" magnetite-ilmenite units was conducted by Ben Whiting, P.Geo., on behalf of Imperial Metals Corporation. This was to confirm the tenor of mineralization and obtain samples for assay and for mineral separation testing. Historical work between 1942 and 1967 concentrated on the vanadium potential in this area. Trenches from that time period are now mostly overgrown. However, sufficient exposure is available for fresh-rock sampling to meet the first phase requirements.

Eleven samples were taken for testing, 4 bucket samples and 7 grab samples. The 4 larger samples (^ 25 kg) in sealed buckets were delivered to SGS Lakefield Research in Lakefield, Ontario. These are suitable for crushing and whole-rock analyses, as well as magnetic separation and characterization of the individual mineral species for process and sub-sample analyses. The buckets were filled with chips across a measured unit thickness, thus could also be added to the database for resource estimation.

Three of the four bucket samples were taken over the magnetite-ilmenite zones and yielded an average of 0.86 wf/o V2O5 , with 50.7 wt07o Fe2O3 and 10.7 wt07o TiO2 . The fourth sample was from the hornblende-garnet gneiss unit, which yielded 0.15 wf/o ViOs.

SGS Lakefield just recently completed a series of pilot tests for the Lac Dore iron- titanium-vanadium deposit in Quebec, thus they are experienced with vanadium ore handling. These vanadium values at Papineau at surface are higher than the average reserve grade at Lac Dore.

The 7 smaller samples (~ l kg) in plastic rock sample bags were taken for whole rock and precious metals analyses. These samples were packaged and shipped to ALS - Chemex in North Vancouver, BC. The samples were analysed for Whole Rock (ME-XRF06), which includes the iron and titanium values, Vanadium (V-AA62) for the specialty metal, plus precious metals (Au-ICP21 and PGM-ICP23). Multi-element (ME-ICP61) yielded pathfinder trace elements and an alternative vanadium test.

Papineau vaiiadium-tiraniuin-imii deposit

Vanadium values from six of the grab samples were from the magnetite-ilmenite zones. These average 0.52 wt07o V (0.92 wf/o V2Os) by atomic absorbtion spectrometry and 0.54 wt07o V (0.97 wt07o V205 ) by inductively-coupled plasma analyses.

Although the magnetite-ilmenite units were seen to contain between trace to 207o pyrite, the results for precious metals and pathfinder elements proved to be non-prospective. The highest gold analysis was 18 ppb. Platinum and palladium values were all at or below detection levels.

Conclusions and Recommendations

The Papineau deposit is in a favourable marketing position in having several potential products from a single mining operation. This bodes well when considering an operation's ability to weather fluctuations in commodities prices. Adding vanadium to the mix of products may make the garnet operation more viable. The vanadium market is seen as a potential growth sector.

Geological contacts have been observed in this study and structural measurements were made confirming the interpretation of the magnetite-ilmenite units as markers for a broad synform plunging between 45 and 70 degrees northward. The competency of the rocks is high, which could support reasonably steep pit wall angles.

A phase-Il evaluation of the vanadium-titanium-iron deposit is recommended. The samples which were delivered to SGS Lakefield Research's labs should be processed by low intensity magnetic separation to isolate various mineralogical sub-components foranalyses.

The "Main Zone" and "South Zone" were intersected in three diamond drill holes in 1997, however, the emphasis of that program was on the garnet content and the magnetite-ilmenite zones were not assayed at that time. The 6 drill core intersections from the 1997 program in PAP-1, PAP-2 and PAP-7 should now be sampled and analysed for vanadium, titanium and iron.

Only partial data is available for the 1966-67 program. The trenching data is not available, but the 18 overgrown trenches could be refurbished with relative ease with a back-hoe and re-sampled in detail. The traces of the trenches are identifiable as linear depressions at roughly 50 metre spacing.

Papineau vauudium-tiuinium-inm deposit

Table of Contents

Page

Summary ..................................................................................... 2Conclusions and Recommendations .......................................................... 3Location ..................................................................................... 5Claims ..................................................................................... 5Geology

Regional Geology ................................................................... 9Property Geology ................................................................... 9

2004 Field Program ............................................................................12History ... .Y; ...............................................................................19Previous Testing on the Magnetite-Ilmenite Zones ........................................21Resource Estimates ............................................................................ 25Market Conditions ............................................................................ 27References ..................................................................................... 28

List of TablesTable l - List of Claims .......................................................... 5Table 2 - 1966 drilling results for "V^Os with zone assignments ..............20Table 3 - 1997 drilling results with magnetite-ilmenite zone thicknesses ...... 23

List of FiguresFigure l - Property Location Map ................................................. 6Figure 2 Location Map 2 Access ................................................. 7Figure 3 - Mineral Claim Map ......................................,.......... 8Figure 4 - Property Geology Map ....................................... (in pocket)Figure 5 - Vanadium: ICP vs AAS .................................................17

List of PhotosPhoto l - Sharp hanging-wall contact of "Main Zone" magnetite-ilmenite .... 10Photo 2 - Sharp hanging-wall contact of "South Zone" magnetite-ilmenite .... 11Photo 3 - Chip Sample P04-02 across "Main Zone" ...............................13Photo 4- Old blast area across "Main Zone"..................... r.................. 14Photo 5 - Porphyroblastic garnet-hornblende gneiss - chip sample P04-06 .... 15Photo 6- Grab sample P04-07 from Trench 6 ...............................16Photo 7 - Typical overgrown trenches - Trench 3 ............................... 18

List of AppendicesAppendix I - 2004 Sampling for vanadium testing Appendix II - Certificates of Analyses Appendix III - Statement of qualifications

Papineau vanadium-titanium-iron deposit

Location

The Papineau Property of the Mattawa Project is located in Papineau Township, approximately 10 kilometres south of the town of Mattawa. Access is from Highway 17, south-southeast along township roads for 10 Ion, then 2 Ion southwest along an upgraded logging road.

UTM-Zone 17: Northing: Easting:

5,122,500677,500

The town of Mattawa is also serviced by the Canadian Pacific Railway and is close to hydroelectrical services, thus the infrastructure setting for this project is excellent.

Claims

The Papineau property consists of 9 contiguous mineral claims and an area permitted for quarrying operations.

Table l - List of Claims

Claim Number

SO 1214979SO 1214980SO 1214981SO 1214982SO 1214983SO 1214984SO 1229707SO 1229708SO 1229709

Unit Size

111111332

Township

PapineauPapineauPapineauPapineauPapineauPapineauPapineauPapineauPapineau

Recording Date

1996-Aug-211996-Aug-211996-Aug-211996-Aug-211996-Aug-211996-Aug-211997-Oct-141997-Oct-141997-Oct-14

Due Date

2006-Aug-212006-Aug-212006-Aug-212006-Aug-212006-Aug-212006-Aug-212004-Oct-142004-Oct-142004-Oct-14

era

?•aro o

l •a

NORTH AMERICA

Mattawa-Papineau Project

IMPERIAL METALS CORPORATION

PROPERTY LOCATION MAPSCALE DATE RLE NO. FIG.

JUNE. 1999 PTV LOCATION 1.

Papineau vanadium-titanium-iron deposit

Figure 2 - Location Map 2 - Access

Papineau vanadium-titanium-iron deposit

Figure 3 Mines)

Mineral Claim Map - (Source: Ontario Ministry of Northern Development and

Pcipinani vaiHuHum-tituniwn-iron deposit 9

Geology

Regional Geology

The 1976 Ontario Department of Mines Preliminary Map #1196 show this region to be underlain by Proterozoic aged Grenville Province consisting of iron and titanium rich anorthositic gabbro, interlayered gneissic gabbro, ultramafic and tonalitic rocks, gneissic to massive anorthosite containing in places megacrysts of plagioclase. Little work in a regional sense has been conducted in this area for the past 30 years.

Property Geology

Locally, the rocks are described as hornblende-garnet gneiss, with garnet occasionally greater than hornblende, in the core of the synform, a footwall "granite" gneiss to the south, and between them a magnetite-ilmenite-garnet gneiss (Figure 4 - in map pocket). This latter unit is in two discrete zones, the "Main Zone" and the "South Zone", stretching over 600 metres along strike. The average width of the "Main Zone" is approximately 6 metres, but in places exceeds 10 metres. The "South Zone", located 20 metres below the "Main Zone", has an average thickness of about 4 metres on surface, but drill hole intercepts exceed 10 metres. There are several parallel zones intersected in drill core which do not have a surface expression and may represent additional lenses above the "Main Zone" and beneath the swamp south of the "South zone". The magnetic horizons pinch and swell along strike and down dip. Textures in the magnetite-ilmenite zones vary from massive to nodular, with between 5007o and IQQYo oxides.

Structurally, the contact relationships mark a northward trending broad synform, with the hornblende-garnet gneiss in the core and the magnetite-ilmenite zones marking the southern margin. The average strike on the eastern flank is southwest, in the central area west-southwest and on the western flank west-northwest, with dips varying between 35 0 to 75 0 to the north. In the main stripped area, the dip is 600 north.

Papineau vanadiitm-tilanium-iron deposit 10

Photo l - Sharp hanging-wall contact of "Main Zone" magnetite-ilmenite unit and overlying hornblende-garnet gneiss.

Papineau vanadium-titanium-iron deposit 11

Photo 2 - Sharp hanging-wall contact of "South Zone" magnetite -i Imenite unit and overlying hornblende-garnet gneiss.

Papineau vanadiwn-tijanium-iron deposit j2

2004 Field Program

This study is based primarily on a field geological examination by the author on 2-4 October, 2004 and on reports supplied by Imperial Metals Corporation. Traverses to examine trenching conditions and rock exposures and measure the orientation of geological contacts lead to the sampling as shown on Figure 4 and Appendix I and II. This was to confirm the tenor of mineralization and obtain samples for assay and for mineral separation testing. Historical work between 1942 and 1967 concentrated on the vanadium potential in this area. Trenches from that time period are now mostly overgrown. However, sufficient exposure is available for fresh-rock sampling to meet the first phase requirements.

Eleven samples were taken for testing, 4 bucket samples and 7 grab samples.

The 4 larger samples (^ 25 kg) represent two chip samples perpendicular to strike of the "Main Zone" and one chip sample across the "South Zone", plus one chip sample across the porphyroblastic garnet-hornblende gneiss in the area where a previous garnet bulk sample had been taken. The latter sample is for comparison of vanadium values in magnetite-ilmenite heavy mineral concentrates between the central garnetiferous area and the banded magnetite-ilmenite units.

The samples in sealed buckets were delivered to SGS Lakefield Research in Lakefield, Ontario. These are suitable for crushing and whole-rock analyses, as well as magnetic separation and characterization of the individual mineral species for process and sub- sample analyses. The buckets were filled with chips across a measured unit thickness, thus could also be added to the database for resource estimation.

As a part of phase-I, SGS Lakefield Research performed whole rock XRF analyses on the bucket samples (Appendix II). The three of four bucket samples over the magnetite- ilmenite zones yielded an average of 0.86 wt0Xo V2O 5 , with 50.7 wt07o Fe2O3 and 10.7 wt07o

a. Minor vanadium is also present in the hornblende-garnet gneiss at 0.15 wt07o

SGS Lakefield Research just recently completed a series of pilot tests for Mackenzie Bay International Inc. 's Lac Dore iron-titanium-vanadium deposit in Quebec, where the average grade is 0.5 wt07o X^Os. They are experienced with vanadium ore handling. There may be some opportunities for a future cooperative relationship between the Papineau operation and the Lac Dore operation. Perhaps concentrate from Papineau could be processed in Lac Dore's Chibougamau plant.

Papineau vanadium-titanium-iron deposit 13

Photo 3 - Chip sample P04-02 across the "Main Zone" magnetite-! l men ite unit.

Papineau vanadium-titanium-iran deposit 14

Photo 4 - Old blasted area across the "Main Zone" magnetite-ilmenite unit near sample P04-02.

Papineau vanadium-litanium-iron deposit 15

Photo 5 - Porphyroblastic garnet-hornblende gneiss unit in the area where a 40 tonne bulk sample was previously extracted. Sample P04-06 taken here.

Papineau vanadium-titanium-iron deposit 16

The 7 smaller samples (~ l kg) in plastic rock sample bags were taken for whole rock and precious metals analyses. These samples were packaged and shipped to ALS - Chemex in North Vancouver, BC. The samples are designated for Whole Rock (ME-XRF06), which includes the iron and titanium values. Vanadium (V-AA62) for the specialty metal, and precious metals (Au-ICP21 and PGM-ICP23). Multi-element (ME-ICP61) yielded pathfinder trace element values and an alternate vanadium test.

Photo 6 - Grab sample P04-07 of massive magnetite-ilmenite from the "Main Zone" in Trench-6.

L LLLL L L L L L L L L L L L L L

Papineau vanadium-titanium-iron deposit

There is a good correlation between vanadium analyses by atomic absorbtion spectrometry (V-AA62) for ore grade material and vanadium from the multi-element testing using a 4-acid leach digestion and inductively coupled plasma (ME-ICP61) spectrometry (Figure 5).

Vanadium Analyses ICP ve AAS

17

V * - ICP

Figure 5 - Vanadium: ICP vs AAS

Although the magnetite-ilmenite units were seen to contain between trace to 20/* pyrite, the results for precious metals and pathfinder elements proved to be non-prospective. The highest gold analysis was 18 ppb. Platinum and palladium values were all at or below detection levels.

r

Papineau vanadium-titanium-iron deposit 18

The trenching program of the mid-1960s by Union Carbide Exploration consisted of 18 trenches at roughly 50 metre spacing across the magnetite-ilmenite units. These trenches are substantially slumped and overgrown. The traces of the trenches are identifiable as linear depressions . Only partial data is available for the 1966-67 program. The trenching data is not available, but the 18 overgrown trenches could be refurbished with relative ease with a back-hoe and re-sampled in detail.

Photo 7 - Trench 3 is typical of overgrown trenches on dry areas of the property expressed as shallow linear depressions. Site of grab sample P04-05.

Papineau vatwdium-iiTanium-inm deposit [9

History

1942 - A group of claims were staked on the Papineau property by Henry Brazeau. Surface trenches were dug and a series of short holes (^ 3 metres) were drilled to expose a magnetite horizon. Assessment work was filed under the name Inspiration Mining and Development Co. (Hurst and Satterly, 1942).

Also during the World War II years, the Papineau deposit was examined by T.L. Tanton, G. Shaw, E.D. Kindle, and A.F. Buckham of the Geological Survey of Canada and M.E. Hurst, J. Satterly and W.D. Harding of the Ontario Department of Mines. The Bureau of Mines in Ottawa conducted analyses and metallurgical testing on two samples of ore from this site and determined that a concentrate could be obtained which contained a fairly high percentage of vanadium and titanium (Hurst and Satterly, 1942; Keevil et al., 1950).

1950 - Camus Petroleum Corporation conducted a magnetic survey, using an Askania- type magnetometer, over the property at 300 foot line spacing and 100 foot station spacing. Where strong magnetic anomalies were detected, the readings were taken at 50 foot intervals (Keevil et al., 1950). The resulting multi-lens interpretation lead to a drilling recommendation.

1951 - Femco Mines Limited conducted a 5 hole diamond drilling program totaling 761 feet (234 metres) on the Papineau property under the direction of Franc Jobin (1951). Iron and titanium values were presented, but VjOs values were not reported.

1954 to 1960 - Piper Mattawa Iron Mines, also under the supervision of Franc Jobin, and later A. Pearson for Prospector Airways, conducted geophysical work, consisting of a dip-needle magnetometer survey, bulk sampling, metallurgical work and the drilling of 13 holes. (Pearson, 1960; Jobin, 1954). See: Resource Estimates.

The property changed hands several times in the 1950s and 1960s, including being held by Noranda Exploration Company Limited (Wolverton, 1964).

1965 - Union Carbide Exploration optioned the Papineau property from Noranda Exploration and in 1966 drilled 9 diamond drill holes totaling about 3,000 feet (920 metres). Locations are labeled (eg: UC-7) on Figure 4. The maximum vertical depth was 508 feet (156 metres) and the garnetiferous gneiss continued down to 482 feet (148 metres).

Additional surveys, including trenching, electromagnetic, magnetic, geology, geochemistry and ore testing were also conducted. The signs of this work have overgrown since then, with slumping of trenches and trees over 5 metres tall growing in the trenches. In 1967, Union Carbide returned the property to Noranda (see Resource Estimates). Noranda chose to abandon the property based on the economic perspectives in 1970.

Papineau \aiuuiium-titaniwn-iron deposit 20

1996 - The property was staked by Alex H. Clark to develop as a possible source of heavy aggregate for the construction of nuclear facilities waste storage. It was at this time that the potential for almandine garnet as an industrial mineral product was recognized and the focus of the work was shifted north of the magnetite-ilmenite zones.

The property was transferred to High G Minerals Corp.. A series of seven holes, totaling approximately 1,000 feet (308 metres) of NQ diamond drilling was conducted to confirm the presence of garnet indicated in the hanging wall units of the Union Carbide drilling. These are numbered PAP-1 to PAP-7 on the accompanying map. The objective was to test the hornblende-garnet gneiss in the top 100 feet (30 metres).

A 40 ton bulk sample was drilled and blasted along an exposed face in order to obtain a sufficiently large sample for pilot plant testing (Lucko, 1997, 1996).

High G Minerals Corp. became a 10007o owned subsidiary of Imperial Metals Corp.

1999 - A series of pits (e.g. PP99 3-1) were blasted in the central area of the hornblende- garnet gneiss from which point-count analyses of the garnet content were performed to ascertain the relative continuity of garnet grades. These values were reported as almandine garnet in volume-%, the weight-% of which would be higher due to relative mineral specific gravities.

Imperial Metals Corporation conducted a project economic evaluation "scoping study" of the Papineau property, focusing on the garnet potential, with extractive mill testing, quarry design and permitting. The results were deemed positive pending securing marketing of product contracts (Swallow, 1999). Garnet properties in the adjacent region were also studied to see how they compared to the Papineau property (Whiting, 1999, 2000).

Papineau vanadium-titanium-iran deposit 21

Previous Testing on the Magnetite-Ilmenite Zones

While the magnetite-ilmenite zones were the focus of earlier programs, the exact collar locations of the 5 drill holes from 1951 and the 13 drill holes from 1960 are not known. Their locations can be approximated.

Wolverton (1964) stated that Union Carbide had taken samples from surface trenches on a property examination in 1961 and that they were of the opinion that the previous assays for V2Os may all be 25 07o to 33 07o too low (understated) due to the method of assaying used.

The Union Carbide drilling (Geisterfer, 1966) may have been designed to twin the earlier drilling. In the drill logs, the magnetite-ilmenite zones are described as "iron formation". Percentage opaques were estimated visually from the drill core logging and some intervals have "V^Os grades, although not all of the prospective intervals have vanadium information available. The following values do give a sense of the grade distribution. Zone assignments are from this study.

Table 2 - 1966 drilling results for " with zone assignments

Hole

UC-3UC-3UC-3UC-3UC-3UC-3UC-3UC-3UC-3

UC-4UC-4UC-4UC-4UC-4

UC-4UC-4UC-4UC-4UC-4

From

169.1200.2201.7204.7208.2213.7218.7223.7227.0

286.8288.8293.8297.3303.1

312.6314.6319.6324.6329.1

To

174.6201.7204.7208.2213.7218.7223.7227.0231.0

288.8293.8297.3303.1305,1

314.6319.6324.6329.1334.1

Length

5.51.53.03.55.55.05.03.34.0

2.05.03.55.82.6 - |

r2.o5.05.04.55.0

Zone

MainMainMainMainMainMain

MainMainMain

SouthSouthSouthSouth

96 opaques

15Nil25155-10

6080805

Nil457010Nil

Nil10101010

V2 O5 07o

0.650.380.720.460.430.900.790.590.34*0.65 07o725.3'(7.8m)

0.320.770.960.640.32*0.7607o;i4.3'(4.4m)

0.340.520.530.420.42

Papineau vanadium-titanium-iran deposit 22

UC-4UC-4UC-4UC-4

UC-5UC-5UC-5UC-5UC-5

UC-5UC-5UC-5UC-5UC-5UC-5UC-5UC-5

UC-7UC-7UC-7UC-7UC-7UC-7UC-7UC-7UC-7

UC-7UC-7UC-7UC-7UC-7UC-7UC-7

UC-8UC-8

334.1337.0340.0343.7

158.0160.0164.0166.4169.6

211.6214.6221.0226.0231.0236.0239.6244.3

67.569.571.074.279.283.684.686.090.5

143.9145.5147.5151.8152.8159.6161.2

70.071.5

337.0340.0343.7346.2

160.0164.0166.4169.6172.6

214.6221.0226.0231.0236.0239.6244.3246.3

69.571.074.279.283.684.686.090.592.5

145.5147.5151.8152.8159.6161.2163.2

71.573.1

2.93.03.72.5

2.04.02.43.23.0

3.06.45.05.05.03.64.72.0

2.01.53.25.04.41.01.44.52.0

1.62.04.31.06.81.62.0

1.51.6

SouthSouthSouth

MainMainMain

SouthSouthSouthSouthSouthSouth

MainMainMainMainMainMainMain

SouthSouthSouthSouthSouthSouth

(?)(?)

102510Nil

Nil752065Nil

Nil652040201060Nil

Nil65Nil20-25Nil(?)Nil65Nil

70Nil1075Nil60Nil

570

0.390.890.520.27*0.51 07o729.1'(9.0m)

*(? 07o)79.6'(3.0m)

*(? 07o) 1 29. T (9. 1m)

*(? 0/")/ 2 1.0' (6.5 m)

*(? 07o)717.3'(5.3m)

Papineau vaiwcHiim-tiranium-iron deposit 23

UC-8

UC-8UC-8UC-8UC-8

UC-8UC-8UC-8UC-8UC-8

UC-9UC-9UC-9

UC-9UC-9UC-9UC-9UC-9UC-9UC-9UC-9UC-9

UC-10UC-10UC-10

UC-11UC-11UC-11

UC-11

73.1

78.283.286.891.2

158.3160.1162.8 .167.8172.0

108.6111.8114.7

132.6137.6140.0145.5147.9150.4152.6155.4158.0

181.6186.6191.6

123.4126.4132.5

148.9

74.1

83.286.891.292.4

160.1162.8167.8172.0172.9

111.8114.7116.3

137.6140.0145.5147.9150.4152.6155.4158.0160.0

186.6191.6195.0

126.4132.5137.2

153.5

1.0

4.53.64.41.2

1.82.75.04.20.9

3.22.91.6

5.02.45.52.42.52.22.82.62.0

5.05.03.4

3.06.14.7

4.6

-0

MainMainMainMain

SouthSouthSouthSouthSouth

MainMainMain

SouthSouthSouthSouthSouthSouthSouthSouthSouth

MainMainMain

MainMainMain

South

5

570570

5555-10540

60Dyke30

452555057010705

5-102035

50105

25

*(? 0Xo)M.r(1.3m)

*(? 07o) /l 3. 7 '(4.2 m)

* (? "/o) 1 14.6' (4.5 m)

1.060.190.64* 0.65 "/o l 7.7' (2.4 m)

0.330.690.440.820.440.900.450.950.51* 0.57 "/o 1 27.4' (8.4 m)

0.480.680.76* 0.63 "/o 1 13.4' (4. 1m)

0.830.570.91* 0.74 "/o 1 13.8' (4.2 m)

0.68* 0.68 "/o 1 4.6' (1.4 m)

Papineau vanadium-titanium-irmi deposit 24

The 1997 drilling campaign intersected the "Main Zone" and "South Zone" in holes PAP-1, PAP-2 and PAP-7. They were logged as magnetite-hornblende-garnet gneiss (Lucko, 1997). Hole PAP-7 was collared south of the "Main Zone" and was drilled to the south. There may be more going on between the two zones, or the "Main Zone" may be thicker than previous testing indicated in this area. Lengths were given as footage for the drill hole logs. The core was point-counted for garnet grade, but was not analysed for vanadium. These intersections are herein interpreted by zone as follows:

Table 3 - 1997 drilling results with magnetite-ilmenite zone thicknesses

Hole

PAP-1

PAP-1

PAP-2

PAP-2

PAP-2

PAP-7

From

105.5

128.0

43.5

77.9

115.6

2.0

To

113.0

138.6

54.3

86.0

126.0

18.5

Length

7.5 (2.3 m)10.6 (3.3 m)

10.8 (3.3 m)

8.1(2.5 m)

10.4 (3.2m)

16.5 (5.1m)

Zone

(?)

Main

(?)

Main

South

South (?)

Magnetite

5007o

6007o

6007o

5007o

40-5007o

30-60 "/o

Abbreviated Description

+ hornblende 3007o, garnet lG-20%, dissem pyrite.+ hornblende 15-2007o, dissem garnets lG-15%, dissem pyrite.4- hornblende lS-20%, 1/8" garnets 20-3007o, dissem pyrite.4- hornblende lG-15%, garnets 1 5-2007o, minor feldspar 1007o, dissem pyrite S-10%.+ feldspar 2007o, hornblende 10-15 07o, garnets lS-20%.+horablende 20-3007o, garnets 20-3007o, <l% pyrite

Papineau vunudium-tiTanium-iron deposit 25

Resource Estimates

There have been several resource estimates on the magnetite-ilmenite zones on the Papineau property. However, none of them meet the required standards of reporting for Canada's National Instrument 43-101 and should be considered only as "historical resource estimates ".

In 1950, based on an interpretation from a magnetic survey to delineate individual lenses and surface sampling, Canus Petroleum Corp (Keevil, et al., 1950) recommended a drilling program and estimated a preliminary tonnage to a depth of 100 feet (30 metres), with a grade from minor surface trenching samples as follows:

Tons950,000

Tonnes860,000

Iron F/o)35

TiO2 ("/o)6 to 9

V205 ("/o)0.75

In 1960, based on mapping and the drilling of 10 drill holes, to a slope depth of 350 feet (108 metres) and a strike length of 2,000 feet (615 metres), the following resource was estimated:

Tons3,800,000

Tonnes3,450,000

Iron (o/o)22

TiO2 (Yo)9

V2O5 (Yo)0.4-0.5

Within the above estimate, a selected higher grade portion was identified (Pearson, 1960) as follows:

Tons1,980,000

Tonnes1,800,000

Iron f/o)28

TiO2 C/o)10

V205 ("/o)

0.6

Holes 11 to 13 were drilled deeper on the magnetite-ilmenite unit and the interpretation was that the minimum down-dip extension would continue to at least 850 feet (260 metres), with comparable grades, thus the following estimate was presented:

Tons5,700,000

Tonnes5,170,000

Iron (o/o)22

TiO2 ("/o)9

V205 (Yo)0.4-0.5

In a 1964 internal memo for Noranda, the tonnage estimates were presented as follows:

"The tonnage seen is about 1,000,000 tons per 100 feet of dip slope ... drilling shows a fair continuity to 350feet... " (Wolverton, 1964)

Papineau vunwlium-titanium-iroii deposit 26

Union Carbide upon returning the Papineau property to Noranda in 1967 also submitted a resource assessment (Wolverton, 1967). They estimated a drill indicated tonnage mineable by open pit to 250 feet (77 metres) as follows:

j Tons\ 1,500,000

Tonnes1,360,000

Iron ("/o)(not given)

TiO2 C/o)(not given)

v2os w0.58

The results were summarized in Wolverton's (1967) Noranda memo, but the original Union Carbide resource assessment report has not been seen by the author of this study. While no iron or titanium values were determined, the Union Carbide estimate is similar in tonnage and grade to the selective higher grade portion of the 1960 estimate. Similar iron and titanium grades would be expected.

Papineau vaiuuHwn-titanium-iron deposit 27

Market Conditions

Vanadium is known as one of the "minor metals", or "exotic metals". The current outlook has been described as very strong for most of this sector. "The exotic metals like scandium, indium, selenium, rhodium, gallium, vanadium and yttrium are on their way back, with price rises that are nothing short of spectacular " (Treadgold, 2004). Vanadium is now at approximately USS 6.25 per pound (7 Oct 2004) on spot metal prices, a five year high, up 325 07o. China's growing consumption of these metals, coinciding with a widespread economic recovery, a drought in exploration and very few new mine developments, are considered the driving forces for a bright metals future.

The "exotic metals" are vulnerable to price shifts based on changes in the output from existing producers~(Taner et al., 2002). However, many analysts predict that the present annual increase in demand is likely to be sustained over the next few years.

The growing demand for vanadium and the low stockpiles have lead Mackenzie Bay International Ltd. to conduct a feasibility study on their Lac Dore vanadium-titanium deposit, 70 km southeast of Chibougamau, Quebec. Lac Dore is considered to represent the world's second largest vanadium bearing ore body, with measured and indicated resources of 102 million tonnes grading 35 07o magnetite, 17.407o ilmenite and Q.5% X^Os. They have also been investing in new advances in vanadium redox battery development, considered to have significant potential for future demand (Sawarin, 2003; Perron, 2001).

The world's largest vanadium bearing ore body, Windimurra located 500 Ion northeast of Perth, Australia, is controlled by Xstrata of South Africa (Bolton and Alexander, 2004). This remote operation contains reserves (?) of 106 million tonnes at 0.47 vanadium pentoxide V20s, with more than twice the tonnage in inferred resources (Chemlink, 2001). It is currently a closed operation as it is mired in a legal battle with joint venture partners and the Western Australia government (minesite.com 17 August 2004; Xstrata press release 10 May 2004). Xstrata meet their current production needs through mines in a titaniferous magnetite horizon in the Bushveld Complex of South Africa (Vantech and Rhovan), as do several other key producers in South Africa (Vanadium Corp. - Highveld; Strategic Minerals Corp. - Vametco).

The Mattawa Project's Papineau Deposit may have a technical advantage over some of its competitors in that it is not an exclusively vanadium-titanium-iron deposit and it is next to existing railway infrastructure. Vanadium would be one of several products being considered in conjunction with an almandine garnet quarrying operation. Thus, vanadium would be a sweetener to the Papineau operation, which could sustain possible swings in the prices of vanadium. The V2Os grades for the magnetite-ilmenite "Main Zone" and "South Zone" of the Papineau deposit are higher at surface and comparable in historical resource estimates to those of the Lac Dore and Windimurra deposits.

Papineau vanat/iuin-tifaniuin-iron deposit

References

Bolton, D., and Alexander, J., 2004, Windimurra vanadium deposit, Murchison region, WA. in Butt, C.R.M., Cornelius, M., Scott, K.M., and Robertson, I.D.M. (editors) Regolith expression of Australian ore systems. CRC-LEME Monograph, 3 p.

Chemlinlc Pty Ltd., 2001, Vanadium pentoxide and ferrovanadium. Acted Consultants, 4 p. (http://www.chemlink.com.au/vanadium.htm)

Geisterfer, P.K., 1966, Papineau Project - Diamond drilling. Union Carbide Exploration, 22 p. (drill core logs)

Hurst, M.E., and Satterly, J., 1942, Brazeau-Wood titaniferous magnetite deposit, Papineau township, District of Nipissing. Ontario Department of Mines, 9 p.

Jobin, F., 1951, Diamond drilling, township of Papineau. Femco Mines Limited, (five drill logs) 8 p.

Keevil, N.B., Frantz, J.C. and Bergey, W.R., 1950, Report on geomagnetic survey of Mattawa vanadium-titanium-iron deposit. Canus Petroleum Corp., 8 p.

Lucko, W.M, 1997, Report on work - Papineau township garnet property. WML Geological Consulting for High G Minerals Corp. (internal report), 3 p.

Lucko, W.M., 1996, Part A - Review of assessment files on the Papineau township vanadium bearing magnetite-ilmenite deposit and recommendations; Part B - Potential economic evaluation of the Papineau township vanadium bearing magnetite-ilmenite deposit. WML Geological Consulting for High G Minerals Corp. (internal report), 15 p.

Magyar, M.J., 2004, Vanadium. U.S. Geological Survey, Mineral Commodities Summaries, January, p. 182-183.

Pearson, H.A., 1960, Papineau township, Ontario, vanadium-bearing magnetite deposit. Prospectors Airways Company Limited, 4 p.

Perron L., 2001, Vanadium. Minerals and Metals Sector, Natural Resources Canada, Canadian Minerals Yearbook, p. 59.1-59.7.

Sawarin, J., 2003, Lac Dore vanadium/titanium project: An update of current and future trends. In CIM Montreal-2003, Iron ore, titanium and vanadium - Geology, Processing and Industrial Developments session, (abstract).

Swallow, M., 1999, The Mattawa Garnet Project - An industrial minerals project review. Imperial Metals Corporation, 121 p.

Papineau vunadium-titanium-iron deposit 29

Taner, M.F., Riveros, P.A., Dutriziac, I.E., Gattrell, M.A., and Perron, L.M., 2002, Vanadium - Geology, Processing and Applications. Metallurgical Society, Canadian Institute of Mining, Metallurgy and Petroleum, 265 p.

Treadgold, T., 2004, The minor metal comeback. Leverage Magazine, May 2004 edition.

Whiting, B.H., 2000(b), Magnetometer survey and geological examination of the Discovery Hill Grid, Mattawan P Garnet Property, Sudbury Mining District, Ontario, Canada. Whiting Resources Management for Imperial Metals Corporation. 37 p. plus maps.

Whiting, B.H., 2000(a), Field examination, sampling and laboratory testing on the Mattawan P Garnet Property, Sudbury Mining District, Ontario, Canada. Whiting Resource Management for Imperial Metals Corporation, 50 p. (includes "Point count study of Mattawan P garnets" as an appendix).

Whiting, B.H., 1999, The Mattawan garnet project, Sudbury Mining District, Ontario, Canada. Whiting Resource Management for Imperial Metals Corporation, 91 p. (plus photo series).

Wolverton, R.S., 1964, Papineau township iron-vanadium-titanium deposit. Noranda Exploration Company Limited, (internal memo to R.V. Perritt), 2 p.

Wolverton, R.S., 1967, Vanadium property, Papineau township, Ontario. Noranda Exploration Company Limited, (internal memo to J. Butterfield), l p.

Wolverton, R.S., 1970, Papineau 1-64. Noranda Exploration Company Limited, (internal memo to W.L. Brown), 2 p.

Papineau vanaitium-titaniuin-iron deposit 3Q

Appendix I

Sampling for Vanadium Testingon the

Main and South Magnetite-Ilmenite Zones

Imperial Metals Corporation October, 2004

Mattawa Project - Papineau PropertylSampling for VanadiumSample No Zone Type

P04-01 Main Mag Grab

P04-02 Main Mag Chip -11mP04-02a Main Mag Grab

P04-03 Main Mag Chip -10mP04-03a Main Mag Grab

P04-04 South Mag Chip - 2 mP04-043 South Mag Grab

P04-06 Main Mag Grab

Testing on the Main and South Magnetite-llmenite ZonesUTM-East UTM-North Comment V2O5 TiO2 Fe203

677711

677711!677711'

677687677687:

677595 :677595!

677565

Grab sample of massive magnetite-hmenite, with5122018 ~1 07od!ssem pyrite from the Main Zone. 0,83 12.85 53

Chip sample (~25 kg) across 1 1 metres width ofMain Zone exposure on the east side of thestripped area. Massive and nodular magnetite-ilmenite, with minor garnet and traces of pyrite.HM' contact sharp 260/58 N with garnet-

5122020 hornblende gneiss. 0.80 9.83 485122020 Smaller grab sample (-1 kg) from P04-02. 0.91 13.19 55

Chip sample (-25 kg) across 10 metres width ofMain Zone exposure on the west side of thestripped area. Massive and nodular magnetite-

5122017 ilmenite, with minor garnet and traces of pyrite, 096 11.70 555122017 Smaller grab sample (~1 kg) from P04-03. 0.87 13.63 56

Chip sample (-25 kg) across 2 metres width ofthe South Zone exposed in small pits south of theMain zone stripped area. HAV contact sharp260/62 N with garnet-hornblende gneiss. Massiveand banded magnetite-ilmenite, 600Xo oxides, 2507o

5122001 garnet, 15"70 hornblende. 0.82 10.70 485122001 Smaller grab sample (~1 kg) from P04-04, 0.84 13,67 52

Grab sample of massive magnetite-iimenite infloat block in Trench - 3, 80Vo oxides, 10Vo garnet,10070 hornblende Trenches are discardable, butcompletely overgrown, with 4 m tall pines growing

5121990 in the trenches. 1.00 1 14.17 64

.70

2080

2020

7053

47

ce5S'3

a S'2 iSio

P04-06 GR-HB-GneiChip-15m P04-06a GR-HB-Gnei Grab

P04-07 :MainMag Grab

PAP-1 .Drill Collar Observation PAP-2 ' :Drilf Collar Observation

North of the access road is the site where a bulk sample had been taken from ine garnet- hornblende gneiss zone. Chip sample (-25 kg) across the face over 15 m. Magnetite forms with

677542 5122213 the garnet and may also contain vanadium 677542 5122213 Smailer grab sample (-1 kg) from P04-06.

Grab sample (-1 kg) from float blocks in Trenc'h- 6. Trench-6 is heavily slumped and overgrown, with just a few blocks of massive magnetite-

677620 5122132 ilmenite exposed in the mud

677723 5122148677631 5122264

015009

1.05

2441 93

15.74

13.209.85

64.63

Note: Poor satelite geometry for some GPS - UTM coordinates, as well as weak satelite signals in forest. Plot locations on map relative to the drill holes and road / trench maps. Conversion rate V wtVo * 1.785 s V2O5 wtVo.

lslS' 3

l

K)

Papineau vanadium-timniwn-iron deposit 33

Appendix II

Certificates of Analyses

Papineau vanailium-tiranium-iron deposit 34

SGS L.akcliold Research Limited P O SOT J300 - 105 Concussion St UjKi'fcBlcl - Onla.'iO . KOL 3HO Phono: ?05-052-2033 FAX: 701-652-6441

LR Internal Dept 14Attn: SRW/RGI

Phone: -- Fax --

Tuesday, October 19, 2004

Date Ree. : 14 October 2004LR Report: CA00191-OCT04Project: 10908-001Client Ref : Imperial Metals Corp

CERTIFICATE OF ANALYSIS

Sample ID SIO2 AI2O3 Fa2O3 MgO CaO Na2O K2O

f 1*64-02" •23'.?" ~'9T"~48T"372~4"43 F.27"~~C[26"

2 P04-03 17.5 8.24 55.2 3.25 3.24 0.96 0.203: P04-04 22.6 10.1 48.7 312 4.32 0.97 0.384: P04-06 48.9 18.5 13.2 3.80 10.3 3.12 0.59

TiO2 P2O5 MnO Cr2O3 V2O5 LOI~ Sum%0!83"

11.7 10.7 244

0.03 0.01 0.05 O 06

0.270.290.320.16

0.000.010.010.01

0.80 -0.71 101.30.96 -0.84 100.7082 -0.79 10130.1S 0.31 101.5

Nicole Mozola, SjSc. (Bug) Pmject Coordinator Mineral Services, Analytical

ALS CtiemexeXCELLENCe IN ANALYTICAL CHEMISTRY

To: IMPERIAL METALS CORP 200-S80 HORNBY ST VANCOUVER BC V6C 3B6

Norn- v^.nojijvir Plxwif SM 384 0

V7J 2C" Canadarax SC4 3&I 0218

Page: 1Finalized Date: 29-OCT-2004

Account: AQG

iiR

5

CERTIFICATE VA04071144

Project: Mattawa-Papineau P.O. No.: This reaort is for 7 ROCK samples submitted lo our lab in Vancouver, BC, Canada on 13-OCT-2004.

The following have access to data associated with this certificate:PATRICK 5.1CANCLESS 1 BEN WHITING 1

SAMPLE PREPARATIONALS CODE

WEI-2? LOG-22 CRU-31 SPL-21 PUL-21

DESCRIPTibN

Received Sample Weigh! Sample icgin - Red w/o BarCode F me crushing -7G*;ri^rr\irt Split sample - riffle splitter Pulvsrize split lo K'A <75 um

ANALYTICAL PROCEDURESALS CODE

ME-XRF06 OA-GRA06 V-AA62 PGM-ICP23 ME-ICP81 AU-ICP21

DESCRIPTION

Whole Rock Package - XRF LOI far ME-XRF06 Ore grade v - tow acid 1 AAS Pt, Pd. Au 30g FA ICP 27 element four acid ICP-AES AU 30g FA ICP-AES Finish

INSTRUMENT

XRF WST-SIM AAS ICP-AES ICP-AES ICP-AES

c

t o

To: IMPERIAL METALS CORP ATTN: BEN WHITING 62 QUEBEC ST KINGSTON ON K7K 1T7

This is the Final Report and supersedes any preliminary report with this certificate number. Results apply to sampies as submitted. All pages of this report have been checked and approved for release. Signature:

ALS ChemexEXCELLENCE IN ANALYTICAL CHEMISTRYALS Csrsw '-id212 Srco!-.ibafi" AvanticNaflh VarrfUiuvRr 5C V7j X' CaiissaPteMi (KM 06- 0?21 fat- 1504 934 021S

To: IMPERIAL METALS CORP 200-580 HORNBY ST VANCOUVER BC V6C 3B6

Project: Mattawa-Papineau

Page: 2 - ATotal H Pages: 2 (A - D)

Finalized Date: 29-OCT-2004Account: AQG

CERTIFICATE OF ANALYSIS VA04071144

MethonAnatyto

Unite Sample Description LOR

PG--01PG4-02AF04-03AP04-04AP04-05

P04-C8APQ4-0?

WCI-21 AU-1CP21 ME'XRF06 ME-KRP06 ME-XRPO6 ME-XRFO6 ME-XKF06 ME-XRFO6RBcvd Wt, Au SiO2 AI2O3 Pe2O3 CaO MnO N*2O

ha 9pm "S N ^ ^i S N

Z5S -:O.CO': 16.67 8.GS 5370 329 3 ;*S 1 1C', 66 *--O.C07 15.SO 7.44 55.KO 3.4S S TiS 1 .',S1 42 O.OG2 U.56 TS5 !i6.?D 2.C3 3 1fi 1.05i SS cO.001 l/. SO ?.6S 5253 3.63 3.2-t 1.330 ?6 0,018 ?..eO G.-JS 64-47 1.75 2.82 0.74

1 36 0.00- 60.06 "^0 07 !i.6S 9 65 2 66 3 S31 .64 0 C02 S.03 5.67 G4 53 1 fi* 2.&1 0 77

ME-XRF06 MC-XftFOA |rtE-XRF06 M6-XRF06 ME-XRFO6 ME-XRFQG ME-XRr06

KZO CriO3 TiO2 MAO P2OS SfO BaO^ ^ ^ *A, "Vi ^i S

0.01 0.01 O.O1 0.01 0.01 0,01 0.01

0 35 ^.Oi I2.es R.3L1 0 02 0 G2 <!>.C10 31 *Q.Oi 19 13 C; 25 001 O.C-2 *O.G1C- .12 ^.01 13.63 t; 30 0 02 O.C2 O ')10.5S -:{).ei 13.67 026 0.03 'XP1 0.0^i) 32 ^.0! 14. T7 D 32 0.01 O.C1 cS.O'

0 82 0.0-J 1 .93 Oil tl 07 0.08 P.030.27 -sO.ai "5.7-t OK 0 Oi 0.01 O5.3'.

K

Ec S

t

OJON

OtiemexEXCELLENCE IN ANALYTICAL CHEMISTRY

ro. IMPERIAL METALS CORP 200-580 HORNBY ST VANCOUVER BC V6C 3B6

Project: Mattawa-Papineau

Page: 2 - BTotal # Pages: 2 (A - D)

Finalized Date: 29-OCT-2004Account: AQG

CERTIFICATE OF ANALYSIS VA04071144

Analyto Uitttv

Sample Description LOR

PM-03A PTH-04A Pi.)4.fl5

P04-OOA PG4-Q?

LOI Total V Pt Pd An At A* Ba Be Bi Ca Cd Co Gr"S, ^ ?* ppm ppm Dpm S ppm ppm ttpm pern S uuitt ppm ppm

0.01 O.O1 0.01 0.005 0.001 0.5 0.01 S 10 O,S 2 0.01 0.5 1 1

-Q.*i3 3PT3 0.4? '.0.005 ^CfOOI *0.5 3.00 ^ 60 "'0.5 *2 Z' 05 *0.5 2CW 74 •1 38 sS.SO C fi! *0 005 01001 *--0.5 3.57 f5 70 *() 5 -:2 2.-11 --'C ^ 154 fx^ -C.5G Sfi 54 0.4Q *-0 005 0 001 0.6 3 37 5 7C ^G.S *2 1 26 *C S 237 1 5 -1.03 93 85 0 *7 -iC.005 ^O.OOt ^5 4 23 '.ft J30 *:a 5 ^2 2 44 *0 5 'IS 61 • 1 4-: 59.43 O.S6 ^.005 O.COl ^0.5 2.26 6 I1(i *C.5 -'2 1 29 *^C5 ?10 15

C.15 59 55 0.25 ^0 005 0 Crtl *0 ^S 9 74 <5 310 06 *2 7 0? *0.5 34 64 -1 72 39.3S 056 -;0005 <f)•;0i ^0.5 1.68 *5 45 -;05 -:2 1 t A -^J.fi 176 10

K: 3

t

ALS cnemexEXCELLENCE IN ANALYTICAL CHEMISTRY

7 ; 2CT Csnatia -ax. C

To: IMPERIAL METALS CORP 200-580 HORNBY ST VANCOUVER BC V6C 3B6

Project: Mallawa-Papineau

Page: 2 - CTotal # Pages: 2 (A - D)

Finalized Date: 29-OCT-Z004Account: AQG

CERTIFICATE OF ANALYSIS VA04071144

An.l/t*Unlta

Sample Description LOR

P04-OI P04-02A

P04-03A

P04-044

P04-O5

P04-OS4 P04-0?

Cu Fo K Ms Mn Mo Na Hi P Pb S 3 fa Sr Ti V

ppm *i '/. *fn ppm ppm X Dpm 0pm pom li ppm ppm ft ppra 1 0,01 0.01 O.O1 5 1 0. 01 1 10 Z D.O1 3 1 0. 01 1

1CM 39.3 0.13 1 60 2080 2 S 7S 44 tC3 2 1.63 *5 202 C 06 4800 S9 44.5 0.17 VS6 idfis i 3.S? 3S 80 2 0.7d *5 (M G.W 5350

131 45.6 0 IG V38 20*0 1 0.7-1 46 50 2 f .92 ^ 1 W 7 25 0130

13 41 .5 0.4-s 5 8U 1 710 2 1 .02 3 1 50 3 C. S5 '-5 95 B.9C' 4830 77 ^50 0.15 " ?? i5ey 3 0-1? 39 SCJ 2 1.05 *5 142 8.-19 GflSO

4 C.G5 O.S7 1 00 83? ' 331 4 3-J'J 2 0.22 ^'5 7?5 1 OS 525 S!i i)S.1 O.tl 0 99 161C 3 I) 39 19 30 1' C.S4 *5 7^ ? 6S 53(40

fi 5c S

' S

oo

A L 5 OliemexEXCELLENCE Ml ANALYTICAL CHEMISTRY

'J12 HKWkobiiri!'. AvenuyNurlh vam^jver BC V? j 20 ! CantPho^ft HO-f 9H4 022 1 FSA. l:tM y

To. IMPERIAL METALS CORP 200-580 HORNBY ST VANCOUVER BC V6C 3B6

Project Maltawa-Papineau

EZ

e:2-D Total # Pages: 2 (A - D)

Finalized Date: 29-OCT-2004 Account. AQG

CERTIFICATE OF ANALYSIS VA04071144

c5c 3

cc' S

tG

Sample Description

ME-rCP61 ME-ICP81

W Zn

ppm uoiti10 2

PCM01 SOJ-62A P04JJ3S P04-04A

RM-WA P04-07

183

231235

s 257

Papineau vuitadiuin-titnnium-iron deposit 40

Appendix III

Statement of Qualifications

( i: K i IKK Ali' OF A l THOR

l. Bernard l lcnry (Ben) Whiting, ol 62 Quebec Street. Kingston. Ontario. Canada. K7K l l~. do hereby ccrlily that:

l l am a graduate of the University of British Columbia and hold a B.Se. degree ! i L'7M) and a .M.Se. degree l i'J8 c)) in Geological Sciences.

2. i am presently employed as a professionally registered consulting geoiogisl (P.Geo.) and am also an Adjunct Professor in the Department of Mining l-jigineering. Queen's l iniversily. Kingston. Ontario. Canada.

l have bc.cn employed in my profession by various mining companies since graduation, and as a consultant since l WO.

4 l am a member of tile Association of Professional Hnginecrs and Geoscientists of British Columbia t APhGBC). and have been a member since PK*2. i am a member ol "l he Association of Professional Geoscieniisls of Ontario (APGO). Canadian Institute ol Mining. Metallurgy and Petroleum (C'lMj. and a Feliow of the Society of (Economic Geologists (ShG).

5. ! have read the definitions of "Qualified Person" set out in Nl 43-HH and certify thai hs reason o!'my education, affiliation with a professional association (as defined in Nl 43-10!) and past relevant work experience, l fulfill the requirements to be a "Qiinlilicd Person" lor the purposes of Nl 43-101.

(i. l personally visited the Papineau properly on 2-4 October. 2004.

7 l am not aware of mi} material fact or material change with respect lo (he suh|cci matter of die technical report that is not reflected in the technical report, the omission to disclose which makes the technical report misleading.

8. I am independent of Imperial Metals Corporation applying all l he tests in Section 1.5 of Nil 43-101.

v, l consent lo the use of this report for the purpose of complying with thereqniremems set out in Nl 43-101 to support Imperial Metals Corporation.

B. 11. (Ben) Whiting. P .Geo.

DA IN) at Kingston. Ontario, this 13th day of October. 2004.

j B. H. WH'TiNG

V j,;. '..OU/WH;* ,

HORNBLENDE-GARNET-GNEISS

-^ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Transaction No:

Recording Date:

Approval Date:

Client(s):

304102

Survey Type(s):

W0490.01766

2004-NOV-12

2004-DEC-07

Work Report Summary

Status: APPROVED

Work Done from: 2004-OCT-02

to: 2004-OCT-04

HIGH G MINERALS CORPORATION

ASSAY

Work Report Details:

Claim* PerformSO 1214979 S5.504

SO 1214980 S917

SO 1229707 SO

SO 1229708 SO

SO 1229709 SO

36,421

External Credits:

Reserve:

Perform Approve Applied

S917 SO

S5.504 SO

SO 51,600

SO S2.400

SO 52,400

S6.421 56,400

SO

Applied Approve

SOso

31,600

52,400

52,400

S6.400

Assign Reserve Assign Approve Reserve Approve Due Date

S5.483 917 521

S917 5,483 SO

50 0 SO

SO 0 50

SO 0 SO

56,400 56,400 521

50 2006-AUG-21

521 2006-AUG-21

SO 2005-OCT-14

SO 2006-OCT-14

SO 2007-OCT-14

521

521 Reserve of Work Report*: W0490.01766

S21 Total Remaining

Status of claim is based on information currently on record.

31L02NE2003 2.28759 PAPINEAU 900

2004-Dec-IO 15:43 ARMSTRONG! Page 1 of 1

Ministry ofNorthern Developmentand Mines

Date: 2004-DEC-09

Ministere du Developpement du Nord et des Mines Ontario

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

HIGH G MINERALS CORPORATION 200-580 HORNBY STREET VANCOUVER, BRITISH COLUMBIA V6C 3B6 CANADA

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

Dear Sir or Madam

Submission Number: 2.28759 Transaction Number(s): W0490.01766

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.

Thank you for your prompt response to the 45 Day Notice. Assessment work credit has been redistributed, as outlined on the attached Distribution of Assessment Work Credit sheet, to better reflect the location of the work.

If you have any question regarding this correspondence, please contact LUCILLE JEROME by email at lucille.jerome@ndm.gov.on.ca or by phone at (705) 670-5858.

Yours Sincerely,

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

Gc: Resident Geologist

High G Minerals Corporation (Claim Holder)

Assessment File Library

High G Minerals Corporation (Assessment Office)

Patrick Mcandless (Agent)

Visit our website at http://www.gov.on.ca/MNDM/LANDS/mlsmnpge.htm Page: 1 Correspondence 10:20108

ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES

Distribution of Assessment Work Credit

The following credit distribution reflects the value of assessment work performed on the mining land(s).

Date: 2004-DEC-09 Submission Number:2.28759

Transaction Number: W0490.01766Claim Number

SO 1214979 SO 1214980 SO 1229707 SO 1229708 SO 1229709

Value of Work Performed917.00

5,504.000.000.000.00

Total: S6,421.00

Page 1 of 1 Correspondence ID: 20108

31L02NE2003 2.28759 PAPINEAU 200 CANADA

MINISTRY OF NORtMIRN MVELOPMtNT AND MINI*

PROVINCIAL WNIHO RECORDER'S OFFICE

Mining Land Tenure Map

Those wishing to stake mining daims should consult with the Provincial Mining Recorders' Office of the Ministry of Northern Development and Mines for additional General Information and LimitationsInformation on the status of the lands shown hereon. This map Is not Intended for navigational, survey, or land title determination purposes as the information Contact Information:shown on this map is compiled from various sources. Completeness and accuracy are not guaranteed. Additional Information may also be obtained through the Provincial Mining Recorders' Officelocal Land Titles or Registry Office, or the Ministry of Natural Resources. •••- -~ "— -~- - ——•*-

Toll Free Map Datum: NAD S3Tel: 1 (888) 416-9845 ext 57Kto|ection: UTM (6 degree)

This map may not show unregistered land tenure and interests inland including certain patents, leases, easements, right of ways,

, , u .,,,v, D,,,,,,,,,,. ,.———— . -,..™ , -,. , w™,, ,.-.™ -~ ,,,-,J ,—,,. .,,.,,. ™..,,, flooding rights, licences, or other forms of disposition of rights and Willet Green Miller Centre g33 Ramsey Lake Road Fax: 1 (877) 870-1444 Topographic Data Source: Land Information Ontario Interest from the Crown. Also certain land tenure and land uses Sudbury ON P3E 888 Mining Land Tenure Source: Provincial Mining Recorders' Office *at t*8Wct or prohibit free entry to stake mining daims may not be

The Information shown Is derived from digital data available In the Provincial Mining Recorders' Office at the time of downloading from the Ministry of Northern Home Page: www.mndm.gov.on.cayMNDM/MINES/LANDS/mlsmnpge.htm illustrated.Development and Mines web site.

Date y Time of Issue: Thu Nov 18 10:40:57 EST 2004

TOWNSHIP 7 AREA PLAN PAPINEAU M-0140

ADMINISTRATIVE DISTRICTS l DIVISIONS

Mining DivisionLand Titles/Registry DivisionMinistry of Natural Resources District

Southern Ontario NIPISSING NORTH BAY

TOPOGRAPHIC

: Administrative Boundaries

f i Township

^ Concession, Lot

IB Provincial Park

jpll Indian Reserve

i" ": Clift, pit S Plte

F:

A

Contour

Mine Shafts

Mine Headframe

Railway

Road

Trail

Natural Gas Pipeline

Utilities

Tower

Land Tenure

Freehold Patent

l , l Surface And Mining Rights

nn Surface Rights Only

f^n Mining Rights Only

Leasehold Patent

| B j Surface And Mining Rights

r^l Surface Rishb Only

njj~l Mining Rights Only

Licence of Occupation

Uses Not Specified

Surface And Mining Rights

Surface Rights Onry

Mining Rights Only

Land Use Permit

Order In Council (Not open for staking)

Water Power Lease Agreement

Mining Claim

FHed Only Mining Claims

ODm

LAND TENURE WITHDRAWALS

134 l Areas withdrawn from DispositionMining Acts Withdrawal Types

Wsm Surface And Mnfcig Rights Wilhdfswti Ws Surface Rights Only Wifndrawn Wrr, MWio Mom Only Wlmrawn

Order In Council Wlthdrmai Types Wasm SurfBc* And Mining Rlghtt VWhdrawn W"s BurtaecRlghliOnlyWKKnmn W m Mining Righto Only Withdrawn

"l

IMPORTANT NOTICES

fcato 1:21MI

LAND TENURE WITHDRAWAL DESCRIPTIONSIdentifier Type Data Description

7720 Wsm Jan 1, 2001 AGGREGATE PERMIT PENDING