Black Smoker Ventures

Black Smoker Ventures' 100% owned Fox Lake VMS Project consists of ground covering the former producing Fox Lake Copper Mine. According to the Manitoba Mineral Resources Division, a total of approximately 12 million tonnes (11,958,182t) grading 1.82% copper and 1.78% zinc was produced from the Fox Mine between 1970-1985. The Fox Mine has never been explored at depth and Black Smoker Ventures has now completed the first modern deep penetrating geophysical survey on the property resulting in the identification of multiple targets to be tested in the first quarter of 2012. The potential exists to target high grade VMS deposits at depth and bulk tonnage copper and zinc potential near surface and Black Smoker’s imminent drill program allows short lead time to potential discovery.

The Fox Lake VMS property is located in Manitoba, Canada, approximately 20 km east of the Manitoba-Saskatchewan boundary and approximately 45km south of Lynn Lake. The Fox Lake VMS property is favourably located with accessibility from a major paved highway (Provincial Highway No. 396 from Lynn Lake) and close access to rail and power. Black Smoker Ventures will target volcanogenic massive sulphide (VMS) deposits of the Fox Lake property. VMS deposits contain some of the most valuable aggregates of metal in the world.

The historical Fox Lake VMS deposit, on which Black Smoker Ventures' exploration model is based, consisted of two stratiform sulphide lenses (Main and West zones) with a combined strike length of 425 m, underlain by stockwork sulphides with an associated hydrothermal-alteration envelope. According to the Manitoba Mineral Resources Division, a total of approximately 12 million tonnes (11,958,182t) grading 1.82% copper and 1.78% zinc was mined from Fox Mine between the years 1970 – 1985, a time of very low copper and zinc prices relative to today. Despite this prolific historic production, the area was never explored through modern deep penetrating geophysical techniques and the potential exists to target both large, high grade VMS deposits at depth as well as additional large, high grade VMS lenses along strike and bulk tonnage copper and zinc potential near surface.

Black Smoker Ventures' Plan of Action for the Fox Lake VMS Property includes:

• data compilation relating to historical work, including an analysis of the potential for a large bulk tonnage situation close to surface
  
  
• ground geophysics including the first ever modern deep penetrating geophysical survey of the property
  
  
• drill testing of any new geophysical anomalies found in the ground geophysical survey, drill testing of the bulk tonnage target and drill testing below the main historical zone. 

The program will be operated by an experienced team of Canadian geologists and geophysicists, with particular leadership coming from exploration professionals with experience in Manitoba VMS exploration.

Carson Seabolt - CEO & Director

Mr. Seabolt has extensive capital markets experience and has acted as an advisor for numerous TSX listed resource issuers. He has a global network within the resources industry and has used this to source, finance and market projects spanning a wide range of sectors. Mr. Seabolt is currently an officer of Terra Nova Minerals and was formerly employed by a Toronto based, leading merchant bank focused on the global resource sectors and was instrumental in the initial financing of Forbes Coal, a TSX listed South African coal producer.

Mr. Seabolt is a partner at Skanderbeg Capital, a Vancouver based financial group focused on resource exploration and development in North America, Europe and the Balkan countries.

Joel Dumaresq - Chairman of the Board

Over the past 2 decades Mr.Joel Dumaresq has been an active board member and advisor in many resource and technology-based businesses in Canada and the US. He is the co-founder and partner of Matrix Partners Inc., a Canadian private-equity and merchant banking group. Matrix Partners has extensive experience structuring and investing in a range of technology and resource-oriented businesses. Prior to the establishment of Matrix Partners Inc., Mr. Dumaresq was President of Greenwater Forest Products, a B.C. based forest products company, and worked in investment banking and financial services with RBC Dominion Securities from 1985-1995. He is presently CEO and a Director of publicly listed "Coronet Metals", an emerging junior gold company developing advanced-stage mining concessions in Latin America. An active volunteer and community-minded individual, Mr. Dumaresq is a recipient of Canada's highest civilian award for bravery, the Star of Courage, and is a recent past Chair of the British Columbia chapter of the Young Presidents Organization.

George Gale, Ph.D, PEng - Director

Dr. Gale has been a mineral deposit geologist for more than 40 years. He has been associated with the discovery of a number of mineral deposits in Manitoba, Newfoundland and Norway. As VP Exploration and director for Harvest Gold and VMS Ventures Inc., Dr. Gale took the lead role in building VMS Ventures' extensive Manitoba property package in the Manitoba Flin Flon - Snow Lake greenstone belt. In addition, he led the exploration activities that resulted in the discovery of the high-grade Manitoba Reed Lake VMS deposit in 2007, which was one of the most significant copper discoveries in Canada this decade and ultimately resulted in the development of a strategic partnership with HudBay Minerals.

Dr. Gale was the head of the Mineral Deposits Section of the Manitoba Geological Survey from 1977 to 1999, is intimately familiar with the Fox Lake project and will advise Black Smoker's exploration activities based on his extensive geological expertise in Manitoba.

Fred Tejada, P.Geo - Director

Mr. Tejada has 30 years of international mineral industry experience and has a proven record working with both major mining companies and exploration-focused organizations. He is currently President of Tirex Resources Ltd., a Vancouver-based public company with projects in Albania. Prior to this, he was Vice President for Exploration of Panoro Minerals Ltd where he directed resource definition drilling of its two major copper deposits in Peru. For seven years, Mr. Tejada was country manager and president of the Philippine subsidiary companies for Phelps Dodge Exploration Corp with responsibility over corporate matters and exploration activities from project generation, property acquisitions and permitting.

Philip Olson, P.Geo - Advisor

Mr. Olson's career includes the positions of Chief Geologist at the Kidd Creek Mine from 1990 to 1995 for Falconbridge Limited, Exploration Manager at Hemlo Gold Mines until 1997, followed by successive positions VP, Exploration and Corporate Development with Claude Resources Inc. from 1997 to 2005 and successively President, Chairman and CEO with Titan Uranium Inc. until his retirement in 2009.

Mr. Olson has been a Director of Pelangio Mines Inc. and its successor Pelangio Exploration Inc. since 1997. He was also a Director of Detour Gold Corporation from 2007 until 2010. Mr. Olson served a three year term with the Association of Professional Engineers and Geoscientists of Saskatchewan as a Councilor and member of its Law and Ethics Committee. He was also a member of the committee for the development of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Robert Geisthardt - CA, CFO & Corporate Secretary

Mr. Geisthardt is a Chartered Accountant who is an incorporated partner of Quantum Advisory Partners LLP, a professional services firm that provides accounting, tax, internal audit and consulting services to private and public companies in Canada and the United States. Prior to his involvement with Quantum Advisory Partners LLP, he was employed by Ernst & Young LLP.

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