Gold Mask Ventures Ltd.

Corporate Profile

Gold Mask Ventures Limited (“GMVL” or the “Company”) is a mineral exploration company focused on the exploration and development of its GM Property, which covers 730 hectares in the prolific area of British Columbia known for its porphyry type copper-gold-silver-palladium mineralization.

• The GM Property is located approximately 12 kilometres southwest of the city of Kamloops in south central British Columbia. Consisting of eight contiguous claims and one isolated claim, all claims are 100% owned by Gold Mask Ventures Limited (“GMVL”).
• The prolific Iron Mask-Afton area has a long history of exploration and mining, with work dating back to the late 1800s. Early work focused largely on higher-grade veins and zones. The climate is characterized by dry, hot summers and low snowfall in the winter months, with an average annual precipitation of less than 30 centimetres. These conditions allow for year round operations.
• With the introduction of open pit mining techniques in the 1950s, interest was directed towards the Iron Mask-Afton area, initiating exploration that has continued to the present day. Percussion drilling for Afton Mines Ltd. resulted in the discovery of the Afton ore body in 1971. The deposit was placed into production in late 1977 and continued to operate until 1987. Three other deposits (Ajax, Pothook and Crescent) were subsequently mined, with ore being trucked to the Afton mill for processing.
• The present owners of the GM Property, GMVL, have conducted successive exploration surveys since 2000. Since 2000, GMVL has completed successive exploration surveys on the Property, spending approximately $355,000 to date, of which $80,000 was been spent during 2011 towards the initial phase of a recommended two phase exploration program.
• Work initially consisted of a magnetic survey — with establishment of the East and West Grids, biochemical tree bark sampling, Terrasol soil sampling and a geophysical magnetometer survey. A northwesterly trending magnetic low was detailed on the East Grid and showed to extend across the entire grid, open at depth and offset by faulting in several places. On the West Grid, a weak magnetic low was mapped across the western section, a stronger magnetic low was mapped in the eastern portion.
• Two separate 3DIP surveys have been completed, identifying high chargeability targets that might be indicative of disseminated sulphide bodies. The surveys showed two linear high chargeability trends across the southern portion of East Grid. Both of these anomalies were located along the northeastern edges of the magnetic low lineations that cross the grid. The strongest was labelled C1, an elliptical shaped body, oriented NW-SE extending for some 450 metres strike length, located along the southwestern edge of a high magnetic susceptibility body that appears to plunge to the southeast. Geochemical results from two test pit programs show elevated copper and gold coincident with the chargeability anomaly C1.
• Regional activity includes New Gold Inc.’s New Afton Mine, anticipated to be an underground mine, looking to produce an annual average of 75 million pounds of copper and 80,000 ounces of gold over a 12 year mine life; Abacus Mining’s Ajax copper–gold project whose 2009 positive PEA indicated the potential for a robust mining operation capable of processing 60,000 tonnes of ore per day, with average annual production estimated at 106 million pounds of copper and 99,400 ounces of gold in concentrate, with an approximate mine life of 23 years, and; Teck Mining’s Highland Valley Copper mine, one of the largest open pit mines in the world which produces copper and molybdenum concentrates. Teck has a 97.5% interest in the mine. A new life of mine plan has recently been developed, which has extended the mine life to 2025, assuming additional permit amendments. As of year-end December 2010, total proven and probable copper reserves were 623.7 million tonnes grading 0.31% copper and total proven and probable molybdenum reserves were 623.7 million tonnes grading 0.009% molybdenum.

Prepared for Gold Mask Ventures Limited by IBK Capital Corp.