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Kivalliq Energy Corporation is a Vancouver-based uranium exploration company advancing the highest grade uranium deposit, outside of Saskatchewan’s Athabasca Basin. The Company’s flagship project, the 275,469 acre Angilak Property in Nunavut Territory, is host to the Lac 50 Trend deposit with a NI 43-101 Inferred Mineral Resource Estimate of 2,831,000 tonnes grading 0.69% U3O8, totalling 43.3 million lbs U3O8 at a 0.2% U3O8 cut-off grade. Kivalliq’s comprehensive exploration programs continue to advance the Lac 50 Trend deposit and demonstrate the “District Scale” potential of the Angilak Property. Kivalliq has also acquired the Baker Basin Uranium Property which is made up of 232,262 acres on the Southern boundary of the highly prospective Baker Lake Basin; as well as the 33,880 acre Hatchet Lake Property and the Genesis Property which totals 495,883 acres, northeast of Saskatchewans Athabasca Basin and along the Western Wollaston Tectonic Domain. Kivalliq’s team of northern exploration specialists have forged strong relationships with sophisticated resource sector investors and project partner Nunavut Tunngavik Inc. (“NTI”) in order to advance the Angilak Property. Kivalliq was the first company to sign a comprehensive agreement to explore for uranium on Inuit Owned Lands in Nunavut Territory, Canada. The Company is focused on building shareholder value while adhering to a high level of environmental and safety standards and proactive local community engagement.
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Barrick Gold Corporation (Barrick) is engaged the production and sale of gold, as well as related activities, such as exploration and mine development. Barrick also produces copper and holds interests in a platinum group metals development project and a nickel development project, both located in Africa, and a platinum group metals project located in Russia. Barrick has four regional business units (RBUs): North America, South America, Australia Pacific and Africa. On March 5, 2008, Barrick completed the acquisition of additional 40% interest in the Cortez property. During the year ended December 31, 2008, the Company acquired Cadence Energy Inc.