PROPERTY HIGHLIGHTS

• High-grade sediment-hosted gold mineralization traced intermittently over a 4 kilometre strike length
• The Larose Shear Zone has yielded assays of up to 372 g/t gold in surface sampling and up to 8.74 g/t gold over 2.00 metres in diamond drilling

PROPERTY DESCRIPTION AND LOCATION

The 100%-owned Larose property consisting of 35.5 square kilometres, is located in the Shebandowan Greenstone Belt, 120 kilometres west of Thunder Bay in northwestern Ontario. Freewest acquired the property in 2003 following the discovery of a number of high grade gold occurrences made by a local Thunder Bay prospector.  Under the acquisition agreement, Freewest is required to spend $500,000 over a period of 4 years. The vendors retain a 3% Net Smelter Return Royalty, with the Company having the right to purchase 50% of it.

EXPLORATION OVERVIEW

Initial exploration programs conducted by Freewest were successful in exposing a mineralized structural corridor containing gold over a 4 kilometre strike length. The corridor, known as the Larose Shear Zone (LSZ), consists of a series of discrete northeast-trending shear zones containing multi-ounce gold grades in sedimentary rocks. The LSZ is further divided into several discrete occurrences including Larose 64.8 g/t gold), J & R (8.8 g/t gold), P (372.0 g/t gold), Snoopy (10.2 g/t gold), Porphyry (3.9 g/t gold), Northwest View (62.9 g/t gold), Sweet Spot (15.0 g/t gold) and the T trench (170.0 g/t gold).

To test the LSZ, 30 drill holes were completed in 2003 and 2004, the best of which include 2.27 g/t gold over 5.0 metres, 8.74 g/t gold over 2.00 metres and 7.31 g/t gold over 1.80 metres. Drilling has been completed to very shallow depths to a maximum of 75 vertical metres. Recent structural studies indicate a possible shallow southwest plunge to mineralization thus gold zones may form plunging shoots.

The geological setting at Larose is very similar to the Malartic District of Quebec; an environment characterized by host rocks including folded greywacke, quartz-feldspar porphyry and syentic intrusive rocks. The Malartic district has documented gold production of well over 8 million ounces of gold.

As a result of corporate strategy, efforts are currently being made to option the Larose property to interested parties.