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The Tintina Fault zone can be located along the south side of the Shell Creek property based on the aeromagnetic data. The iron formation outlines the form of the easterly plunging upright anticlinal structure that underlies the The new aeromagnetic data (Figure 10-1) clearly outlines the iron formation that outcrops on the property. Anomalous copper-gold-uranium-rare earths (lanthanum, etc) is characteristic of Olympic Dam-type The soil geochemical data acquired during the summer of 2005 was contoured by the author and the author concludes that there are significant polymetallic copper-gold-uranium-lanthanum anomalies that form a coherent patternДЄnd indicated that there is potential for Olympic Dam (Wernecke Breccia) style mineralization at depth beneath the central part of the property. Of a Wernecke Breccia-type heterolithic hematite breccia diatreme at shallow depth beneath the central part of the property. The author completed a detailed review of the regional geological setting and has concluded that the Proterozoic rocks that underlie the property are probably of Early Proterozoic age and have the potential for the presence The 2005 exploration program has successfully achieved its objective, which was to provide a preliminary assessment of the potential for Olympic Dam-type mineralization that would, if warranted, lead to recommendations forД«ased on the results of the 2005 exploration program the author concludes that a drilling program is warranted to explore for Olympic Dam-type mineralization on the property and has recommended that such a program be Ridge, an orientation induced polarization geophysical survey, and a gravity survey. During the period July to September the Company completed a soil geochemical survey that covered the Shell Creek In June of 2005 the Company completed a detailed helicopter-borne magnetometer survey of the Shell Creek area. The objective of the 2005 program was to provide a preliminary assessment of the potential for Olympic Dam-type mineralization that would, if warranted, lead to recommendations for a drilling program in 2006. Potential of the project could be for Olympic Dam-type mineralization. Prior to commencement of the 2005 exploration season, management of the Company concluded that the regional geological, geochemical (stream sediment) and regional geophysical (aeromagnetics) data indicated that the greatest

In the area plus gold showings on the property support the potential for the existence of copper-uranium-gold mineralization in the Proterozoic-age rocks on the property. Anomalous copper and uranium in stream sediment geochemical samples The regional geological setting of Shell Creek area suggests that there is potential for Olympic Dam-type copper-uranium-gold mineralization in the area. Asbestos Corporation completed no further work and the claims were allowed to lapse. Trenching and dip-needle magnetic surveys were completed (Riordan and Mann, 1958). The only previous exploration on the Shell Creek property, prior to the Company acquiring the property, was an evaluation of the iron formation by Asbestos Corporation during the summer of 1958. As the Shell Creek property is alongside the Yukon River, in the event that heavy equipment and large quantities of materialsДЄre required at the site river barges out of Dawson City can move materials to the river shore adjacent to the property and they can be hauled to the site on a tractor road or slung in by helicopter. Access to the property for exploration purposes is by helicopter. The property is located in west-central Yukon Territory, Canada, on the north shore of the Yukon RiverДЄpproximately 75 km (47 miles) northwest of Dawson City. The claims were staked in 2002 by Dawson City prospector Shawn Ryan and were acquired by Logan Resources in January 2003. The Shell Creek Property is comprised of 563 mining claims covering approximately 110 square W, Vancouver, British Columbia holds a 100% interest in the Shell Creek Property. Logan Resources Ltd., Suite 570, 789 Pender St. SHELL CREEK Property Evaluation, December 2005 Page -ii Gravity Bouger Anomaly First Vertical Derivative

SHELL CREEK Property Evaluation, December 2005 Page -i George, P.Geo., Consulting GeologistДЈ.0 ACCESS, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE, PHYSIOGRAPHYД¦.1 Historical Exploration on the ProjectД¦.2 Current Exploration (2005) on the ProjectД¦.2.3.2 Sampling Preparation, Analysis and SecurityД¦.2.3.3 Data Verification, Quality Control and Quality AssuranceД¦.2.3.4 Discussion of Geochemical ResultsД§.0 MINERAL PROCESSING AND METALLURGICAL TESTINGДЁ.0 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES

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