Why Viking?

-A large gold footprint - Potential for a multi million ounce gold deposit

-Favourable Geology in an under-explored belt

Multiple metamorphic eventsNumerous intrusive episodesCrustal scale faultsAbundant secondary faults

-Excellent location and infrastructure

-Mining friendly and stablejurisdiction

NAI:TSX Venture Exchange

What we have accomplished at Viking

- Outlined 5 large exploration Targets

-13,922 m drilling

-103 core holes

-54 surface trenches

- Initial Resource Estimate

Thor Trend

-30 to 60m wide west-dipping mineralized zone

-Drilled to depths of 200mand open at depth

- Bulk minable potential withnumerous high grade zones

-Trend exceeds 1300m in length with strong mineralization over 550m

open

Thor Trend view to SE – note highway and power lines

Thor Trend

Thor TrendMesothermal quartz-sulfide veins

Sheeted quartz-carbonate veins

Stockwork sulfide veins in granite

High grade veinsMineralized halos

5% pyrite-galena-sphalerite-chalcopyrite-gold

Thor Trend

Thor Trend

Thor Trend

Thor Trend:

High grade veins Lower grade halo218.8 g/t gold over 0.5 m 7.9 g/t gold over 27 m176.2 g/t gold over 0.5 m 5.1 g/t gold over 23.0 m136 g/t gold over 0.5 m 4.1 g/t gold over 18.2 m124.8 g/t gold over 0.5 m 2.8 g/t gold over 57.4 m119.7 g/t gold over 0.9 m 2.7 g/t gold over 17.5 m50.1 g/t gold over 3.7 m 2.0 g/t gold over 41.4 m 41.7 g/t gold over 4.8 m 1.9 g/t gold over 22 m 33.7 g/t gold over 5.75 m 1.8 g/t gold over 32 m16.1 g/t gold over 3.8 m 0.8 g/t gold over 80.9 m8.5 g/t gold over 6.4 m 0.8 g/t gold over 62.3 m

The project is showing excellent potential for both bulk minable and underground targets

Drilling Highlights

Thor Trend – Preliminary Metallurgy

-Preliminary metallurgy show a high degreeof coarse free gold

-97% gold recovery by cyanide leaching(59 micron grind size)

-95% gold recovery by combined gravityand cyanide leaching

-70% gold recovery by gravity at97 micron grind size

* Simple and easy metallurgy!

Large grain of visible gold from a quartzstockwork in hole 09VK-43, Viking Project

Cut off Tonnes Au g/t Grams Ounces0.01 11,711,000 0.41 4,801,510 154,3720.20 6,293,000 0.65 4,090,450 131,5110.50 1,766,000 1.54 2,719,640 87,4381.00 628,000 3.13 1,965,640 63,1971.50 413,000 4.13 1,705,690 54,8392.00 285,000 5.22 1,487,700 47,8313.00 171,000 7.07 1,208,970 38,869

NI-43-101 compliant Inferred Mineral ResourceMarch 2nd, 2011

Thor Trend

High grade domains are spatially constrained but not capped

Independent resource modellers suggest room to significantlyIncrease the high grade resource with infill drilling.

Previous drilling focused mainly on the bulk minable potential the next round of drilling will focus on the high grade shoots.

Block model entire mineralized domain

A large zone of lower grade mineralization has been defined and remains open along strike and to depth.

Thor Trend

Block model high grade domains

Several high grade zones have been identified showing good continuity and are open for expansion.

Thor Trend

Where do we go from here?

Modellers have outlined a 19 hole (roughly 3000m)Infill drill program that could significantly increase the high grade resource

Previous exploration found resources at a cost of about $21 per ounce of gold,an infill drilling program could potentially add new ounce for about $7 per ounce

Lots of potential to add ounces by extending high grade along strikeand to depth

The short term goal is to maximize the Thor Trend resource andincrease the overall average grade by focusing on high grade shootsPlus identify 2 or 3 other zones on the property with resource potential

Additional Exploration Targets

The property contains several large exploration targetsoutside of the Thor Trend.

Magnetic survey - Exploration Targets

Viking Trend

Thor Trend

1600

m

3400m

Thors Cross

Viking Trend Structural Targets

200m Elev.

400m Elev.

Hole 92

Hole 102Holes projected onto the section

SoutheastNorthwest

N

MINING CORP.

ORTHERN ABITIBI

VIKING PROJECT, NEWFOUNDLANDSimplified geologic cross section Viking Trend

showing drill holes 10-VK-92, 93, and 102

X X’

Hole 93

Viking Pond

300m Elev.

Legend

0 25 50

Meters

Drill hole

Fault Zone

Strong alteration and quartz veining

Mafic dike-sill

Undifferentiated meta-intrusive rocks

0.2 g/t Au over 18m

0.2 g/t Au over 73.5m

0.5 g/t Au over 8m

0.4 g/t Au over 11.5m

2.1 g/t Au over 1m

0.3 g/t Au over 10m

0.2 g/t Au and 22.4 g/t Ag over 2.3m

Viking Fault

Viking Trend Cross Section

Viking Trend Target

Drill holes into the zone have intersected intense and widespread quartz-sulfide veining

The largest and most intense zone of veining seen on the property to date

Viking Property Highlights

-New discovery in an emerging under-explored belt

-Multiple large exploration targets on the property – lots of upside

-Mineralization starts at surface and is metallurgically simple

-Potential bulk minable widths with some very high grade zones

-Located in a stable jurisdiction close to roads and power

-Excellent government support including financial contributions from the Governments Mineral Incentive Program