Rapson Bay Gold Property

2012 OUTLOOK

a) Retrieve core from site for further analysis; and

b) Assess all data from the 2011 exploration programs to identify targets for a diamond drill program.

Thorne Lake Gold Property

2012 OUTLOOK

a) Plan and initiate a prospecting program over key target areas, 2nd Quarter, 2012; and

b) Assess all data to identify targets for a diamond drill program

Meston Lake Gold Property

2012 OUTLOOK

a) Assess all data from the 2011 exploration programs to identify targets for a diamond drill program.

Ti-Pa-Haa-Kaa-Ning/New Growth

2012 OUTLOOK

Rainy River is currently executing the following programs:

a) Completion of a 20–25 hole, 7,500 m diamond drill program, 2nd Quarter 2012; and

b) Plan for additional exploration programs, based on results of the 2012 diamond drill program.

Wachigabau Gold Property

2012 OUTLOOK

a) Assess results from 2011 diamond drill program and plan future exploration programs based on these results.

Croteau Est Gold Project

2012 OUTLOOK

a) Completion of a 20–25 hole, 5,000 m diamond drill program, 2nd Quarter 2012;

b) Complete a prospecting, mapping, overburden sampling and ground geophysical program, 3rd and 4th Quarters 2012; and

c) Plan for a diamond drill program, 4th Quarter 2012.