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Burnt Basin Property The Burnt Basin property is centred about 25 kilometres northeast of Grand Forks, B.C. The property is comprised of 9 mineral claims (47 units) that were acquired by Newport Gold Inc.

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The property is an exploration stage prospect, without known reserves. It is situated within the highly mineralized Boundary District. The Boundary District includes the Republic, Belcher, Rossland and Greenwood Mining Camps in Southern British Columbia and northern Washington State, and has total past production exceeding 7.5 million ounces gold. The important gold deposits within the Boundary District can be broadly classified into six deposit types, including skarns, epithermal and mesothermal veins, mineralization associated with Jurassic alkalic intrusives, mineralization associated with serpentinite, and gold-bearing volcanogenic magnetite-sulfide deposits.

Newport Gold Inc. has acquired the Burnt Basin property primarily as a gold exploration project. The property has potential for gold (+/- copper, lead, zinc) skarn and/or gold-bearing volcanogenic magnetite-sulfide deposits, similar to the deposits in the Belcher District of Washington State, as well as for gold-silver quartz veins. A very large number of mineral occurrences occur on the Burnt Basin property, most of which have seen only minimal recent exploration. The bulk of the previous exploration on the property has been directed at Pb-Zn-Ag mineralization.

PROPERTY LOCATION AND DESCRIPTION

The Burnt Basin property is situated about 25 kilometres northeast of Grand Forks, B.C., and east of Gladstone Provincial Park, on NTS map sheet 082E/01. The property is centred at latitude 49o 10’ 00”N and longitude 118o 07’ 30”W, and covers an area of about 1,175 hectares.

LOCATIONS OF MINERALIZED ZONES

MOLLY GIBSON

One of the most prospective gold exploration targets on the property is the Molly Gibson.

Mineralization at the Molly Gibson has a strong stratigraphic control, occurring in the immediate structural hangingwall of a band of crystalline limestone that contains layers of dense grey chert (historically referred to as jasperoid). Small, highly silicified lenses of auriferous massive pyrrhotite (and lesser pyrite and chalcopyrite) occur in fine grained, siliceous, sulfidic, calc-silicate altered metasediments. The known sulfide lenses have been small, but have historically returned very high gold values. Historical production from the Molly Gibson is 316 tons at a grade of 1.05 oz/t Au and 0.45 oz/t Ag. A sample collected by the author from the dump of an old mine working assayed 114 g/t Au (3.325 oz/t Au). The geological setting and style of mineralization have similarities to recently discovered auriferous volcanogenic massive sulfide/oxide deposits in the district, such as the Lamefoot mine, and further exploration of the property is warranted.

Rock Sample Results, Molly Gibson Showing

Sample 92540 was a select grab of semi-massive pyrrhotite in extremely siliceous hornfels from the dump of an old working, and returned an impressive 114 g/t Au (3.325 oz/t Au). Sample 92541 was a sample of quartz vein material from the same dump and assayed 6.65 g/t Au.

LOCATION MAP

GOLD PRODUCTION

MOLLY GIBSON CLAIM MAP

MOLLY GIBSON SHOWING

CERTIFICATE OF ASSAY

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