New Alger Joint Venture

Cadillac Ventures owns 100% of the New Alger gold property. In October 2009, Renforth announced that it entered into a joint venture agreement with Cadillac whereby Renforth shall have the right to acquire a 51% interest in this gold property in Quebec. Renforth will be the operator and supervisor of exploration for the Joint Venture.

The New Alger project encompasses the historically productive Thomson-Cadillac mine.  It is located in Mining Concession No C.M. 0240PTA. The Property covers an area of 317.4 hectares and is located within the Cadillac Mining Camp, only several hundred meters from the currently operating LaRonde Mine.

Thompson Cadillac Mining Co. Ltd. mined the property from 1936-1939, producing 512 kg of gold and 26 kg of silver from 158,775 tons of ore at an average grade of 3.22 g/t Au. Various companies carried out limited amounts of underground and surface
exploration work from 1940 – 1990.

Although there was a shaft sunk to 1124 feet at the mine mining operations only reached a depth of 600 ft., with veining encountered as deep as the 1000 ft. level. The property is located within the Cadillac Mining Camp, only several hundred meters from the currently operating LaRonde Mine. The production shaft at LaRonde is is presently at 2,250 m.

At New Alger during the summer 2008 season the Company completed 3900m of drilling, from which 575 samples were selected and sent for processing. The Company is still awaiting the results, these will be released once available.