Property Overview Red Lake, Ontario Property Summary The Bruce - PowerPoint PPT Presentation

Bruce Lake Property Overview Red Lake, Ontario

Property Summary ➢ The Bruce Lake Property comprises 5 mining claims containing 72 contiguous cell units and covers approximately 1,486 hectares (3,627 acres) ➢ The Property is strategically located just east of Ontario Highway 105 with nearby power and natural gas lines. ➢ The claims are contained within the Birch-Uchi-Confederation Lakes greenstone belt which hosts the world-renowned Red Lake high-grade gold mines just 45 km north west of the Property ➢ The prolific Dixie Project boundary currently being drilled by Great Bear Resources Ltd. (“GBR”) is only 11km northwest of the Bruce Lake Property. Their Pakwash Property lies only 1.5km southwest of the Bruce Lake Property. ➢ Reconnaissance MMI soil sampling by Laurentian Goldfields in 2010 identified anomalous gold-in-soils on the Bruce Lake Property that was recommended for follow-up. ➢ Portofino has so far discovered geophysical anomalies that coincide with the gold-in-soil anomalies, but there has been no drill testing to date of the targets. Portofino intends to test these targets.

Regional Location N Bruce Lake Property Red Lake North Bay Ottawa Kenora Thunder Bay Toronto 150 300 0 km

Northwestern Ontario Precious Metals ✓ Northwestern Ontario is home to several world-class mineral districts with major deposits and mines including gold and silver plus a diverse portfolio of metals such as nickel, copper, zinc, platinum and palladium, cobalt and iron. Bruce Lake Property ✓ The Red Lake gold district is recognized as one of the world’s highest grade mining camps and has produced approximately 30 million ounces of gold from 29 gold mines. The Red Lake gold mine is an underground gold mining complex, which has been in production since 1949, producing 25 million ounces of gold at an average grade of 20 g/t out of the Red Lake, Cochenour and Campbell mines. ✓ Portofino’s Bruce Lake Property occurs in the same geological belt as Red Lake, located south east of the Red Lake mining camp.

Location and Property Ownership South of Otter Bruce Lake

Local Access Former Griffith Iron Mine N Bruce Lake Property 1,468 ha. Hydro Line 1.25 0 2.5 km ➢ The Bruce Lake Property is close to Highway 105 and nearby natural gas and power lines.

Regional Geology and Structure Lithology Legend Cochenour Mine Red Lake Gold Camp Massive granite to granodiorite 41 Moz. gold in Past Red Lake Mine Muscovite-bearing granitic rocks Production and Current Foliated tonalitic suite Resources Campbell Mine Gneissic tonalitic suite N Mafic and ultra-mafic rocks Metasedimentary rocks Felsic to intermediate volcanic rocks Mafic to intermediate volcanic rocks Mafic to ultra-mafic volcanic rocks Felsic to intermediate volcanic rocks Mafic to ultra-mafic rocks West Confederation Greenstone Belt Great Bear Dixie Project South of Otter Property BTU Metals TNT Discovery Bruce Lake Property 5 0 10 km

Historical Drilling Historical drilling at Great Bear Resources Dixie Project South of Otter Property Historical drilling at former Griffith Iron Mine Bruce Lake Property ➢ There has been no historical drilling on the Bruce Lake Property

Historical Exploration Bruce Lake Property Former Griffith Iron Mine in large magnetic high Anomalous gold-in-soils target area outlined and Anomalous gold-in-soils MMI sampling over recommended for follow-up an extension of the Griffith iron formation by Laurentian Goldfields showing possible magnetite destruction is a 2010 MMI sampling favourable area for exploring for BIF program. (banded iron formation) gold hosted deposits such as the Pickle Lake Gold Camp, Musselwhite and the Geraldton-Beardmore Gold Camp.