Recent Updates

Resource Estimate:
A mandate was given to InnovExplo, a Val d'Or based geological and mining consulting group, to establish an up-to-date, 43-101 compliant resource calculation based on historical drilling data from the Forsan Main zone ("FMZ"). Based on InnovExplo's recommendation, a cut-off grade of 2.50 g/t Au was used, which results in an Inferred Resource of 132,000 metric tonnes grading 3.52 g/t Au for a total of 15,000 ounces of gold on the FMZ. When a cut-off of 1.00 g/t Au is used, an Inferred Resource of 536,500 metric tonnes grading 2.03 g/t Au containing a total of 35,000 ounces of gold is obtained thereby validating the historical data for the FMZ.

Exploration:
Following surface 2008 work, a new mineralized sector discovered by Golden Share and named Forsan East Zone ("FEZ"), is located to the east of the FMZ and was recognized over an initial strike length of 150 m.

The Forsan East Zone ("FEZ") was initially discovered by two exploration drill holes executed to follow-up on historical data during Golden Share's first drilling program in 2008. During this recent 2009 program, a series of nine short vertical holes totalling 454 m were drilled to follow-up on the 2008 discovery.

Hole GSH-09-18 returned an intersection of :

- 56.86 g/t Au over 4.00 m from 42.00 to 46.00 m including 226.00 g/t over 1.00 m

Two additional holes of the 2009 FEZ program returned results above 1.00 g/t Au :

- GSH-09-19 : 1.95 g/t Au over 1.00 m from 44.00 to 45.00 m
- GSH-09-24 : 4.99 g/t Au over 0.60 m from 39.10 to 39.70 m
and 2.57 g/t Au over 1.46 m from 69.00 to 70.46 m

Moreover, the FEZ was intersected in seven of the nine holes of the program and, on top of the higher grade intersections presented above, it shows systematic anomalous gold values ranging between 0.05 and 0.81 g/t Au in association with an altered and pyrite bearing quartz-tourmaline vein network over widths of up to 7.00 m.