CSE: PHOS – FSE: KD0 – OTC: FRSPF

LAROUCHE

Larouche Property

Field reconnaissance and sampling in the Larouche area also revealed high grade phosphate. As noted above, one sample returned 39.45% P2O5 (See Figure 1). This represents the highest ever phosphate sample found by the Company. The sample comes from an irregular layer found of almost pure apatite (the host mineral which contains phosphate). At this level of purity, the mineral would be considered DSO. Preliminary geological indications suggest that these layers could be flat-lying and therefore open at substantial potential depth. Other results from the samples in this area show high grade phosphate values up to 23.1% P2O5 (See Table 1). To date, field work has outlined phosphate layers of a length of up to 760m. The width of these layers is not fully known at this time due to their flat-lying geometry. Only further drilling will be able determine the full width of the layers. A drill permit application has been made for drilling in this area.

Larouche area assay results

Figure 1 – Location of Samples Found in the Larouche Area

Table 1 – Assay Results from the Larouche Area

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