Royalties

Pelangio also owns the following royalties in a number of Canadian properties as shown in the table below:

Matheson West and East	1% NSR can be purchased by Matamec Explorations Inc. for $1,000,000 and 100,000 common shares of Matamec
Mord	1.5% NSR (provided Pelangio exercises right to buy back 1% for 100,000 shares of Pelangio)
Ross/Guibord	1% NSR
Montcalm & Nova	1.25% NSR with 50% buy back
Grenfell	Right to buy back 0.50% NSR from original vendors
Horden Lake	0.80% NSR
Kidd Township	2% NSR – Galleon Gold has right to buy back 1% for $1 million
Poirier Property Bristol Twp.	Right to buy back 1% NSR for $1 million
Clergue & Dundonald	1% NSR on six mining leases
Kenogaming Twp.	2.1% NSR with right to buy back 0.70% for $700,000

Canada