DFR Gold

We are a TSX Venture Exchange listed exploration and mine development company focused on gold in West Africa. In Burkina Faso we are advancing the Cascades gold project, a highly prospective gold exploration project which represents an exceptional opportunity for future development. Cascades has a Mineral Resource Estimate prepared in accordance with NI 43-101 of 264,000 oz. @ 1.52.g/t Au indicated and 371,000 oz. @ 1.67 g/t Au inferred. We also have interests in gold projects in Mali and Nigeria. In Mali, we have a 40% indirect interest in the Kalaka Project where previous exploration work indicates a large, low-grade zone of mineralization. In Nigeria, we hold 25.5% indirect interest in four gold exploration projects, where historically very little systematic, modern exploration has been undertaken.