Mineral Reserve & Resource1 Table

(as of December 31, 2010)


Tonnes
(metric)		 Grade
(g/t Au)		 Ounces
Contained
Island Gold Mine
Proven reserves2
354,698 
6.48 
73,848 
Probable reserves2
463,368 
5.86 
87,349 
Measured resources
6,621 
4.52 
963 
Indicated resources
789,854 
7.39 
187,548 
Inferred resources
604,729 
7.14 
138,732 
 
 
  
 
  
 
Beaufor Mine
Proven reserves2
81,742 
7.53 
19,780 
Probable reserves2
201,296 
7.60 
49,218 
Measured resources
85,781 
5.47 
15,086 
Indicated resources
731,560 
6.73 
158,367 
Inferred resources
864,709 
6.55 
182,185 
 
 
  
 
  
 
GOLD PROJECTS
Francoeur Mine
Probable reserves2
615,664 
6.91 
136,749 
Indicated resources
76,449 
7.54 
18,541 
Inferred resources
202,250 
5.95 
38,706 
Wasamac
Measured resources
1,715,288 
2.81 
155,043 
Indicated resources
3,377,892 
2.36 
256,030 
Inferred resources
11,515,020 
2.72 
1,007,875 
 
 
  
 
  
 

1 Resources presented in the table above are exclusive of reserves, and do not have demonstrated economic viability at this time.
2 In 2010, based on a gold price of US$1,000/oz and an exchange rate of 1.00. In 2009, based on a gold price of US$850/oz and an exchange rate of 1.00. For the Francoeur Mine, a price of US$800/oz and an exchange rate of 1.00 was used for 2010 and 2009.

Regulation 43-101
The reserve and resource calculations as of December 31, 2009 were performed by qualified persons as defined by Regulation 43-101. Please refer to the SEDAR website (www.sedar.co) for full reports and additional corporate documentation.

Cautionary note to US investors concerning resource estimates
Information in this website is intended to comply with the requirements of the Toronto Stock Exchange and applicable Canadian securities legislation, which differ in certain respects with the rules and regulations promulgated under the United States Securities Exchange Act of 1934, as amended (“Exchange Act”), as promulgated by the SEC. The resource estimate in this website is prepared in accordance with Regulation 43-101 adopted by the Canadian Securities Administrators. The requirements of Regulation 43-101 differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”).

U.S. Investors are urged to consider the disclosure in our annual report on Form 20-F, File No. 001-14598, as filed with the SEC under the Exchange Act, which may be obtained from us (without cost) or from the SEC’s web site: http://sec.gov/edgar.shtml.''

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