LUTETIUM PROPERTY

The Lutetium property is located in the Maniwaki area, approximately 100 km north of Ottawa, Ontario, Canada. It consists in 23 claims for a total surface area of 13.7 km² and is directly accessible by road.

Acquisition terms

The Lutetium property was acquired by direct map staking.

Geological setting

REE mineralization is reported over an area of 1,000 m by 300 m with grades of up to 1.32% Total Rare Earth Elements ("TREE") obtained from historical surface sampling with individual assays showing the presence of several important heavy rare metals ("HREE"). Lutetium, reportedly the highest price REE, is reported with grades of up to 87.6 ppm (g/t). Lutetium is used in some nuclear applications, in experimental nuclear medicine and also as a catalyst for cracking hydrocarbon chains in petroleum refineries. Samarium, which is increasingly used for high power magnets, is reported with grades up to 618 ppm (g/t). Reported assays for other HREE include Terbium (Tb - 70 ppm (g/t)) and Ytterbium (Yb - 531 ppm (g/t)) while reported LREE include Cerium (Ce - 7 550 ppm (g/t)) and Lanthanum (La - 4 330 ppm (g/t)).

Golden Share exploration history

In November 2010, Golden Share announced the first surface campaign which consisted in geological mapping and outcrop radiometric measurements targeting the REE anomaly. A total of 112 km of field traverses were executed and 53 surface rock samples were collected on outcrops reporting anomalous radiometric measurements.

A total of 7 samples reported grades above 0.50% TREE with 3 of these samples reporting grades above 1% TREE and peaking at 2.53% TREE. While the sample reporting 2.53 % TREE confirmed the historical REE mineralization, the other two samples reporting grades above 1% TREE were sampled in new areas, respectively 1 km to the east and 1,5 km to the south-east of this historical area along the contact between metasediments and migmatites. A value of 505 ppm Samarium (Sa - HREE) and of 12,200 ppm Cerium (Ce - LREE) was obtained from the sample reporting 2.53 % TREE.

Latest developments

There is no recent development to report on the Lutetium property.

All of Golden Share's exploration programs are executed under the supervision of Mrs. Laurence Huss, M.Sc., P. Geo., and Golden Share's Vice-President Exploration. Laurence Huss is a Qualified Person as defined in National Instrument 43-101. Philippe Giaro, P.Geo., President and CEO of Golden Share Mining Corporation, also acts as Qualified Person for Golden Share.