The Cree Lake property is located in the southeast sector of the Athabasca Basin in northern Saskatchewan. Ditem (100%) holds six contiguous claims (24,913 ha), which were renewed on the property in 2009. The property was acquired by Ditem in April 2006 and is subject to a 2% NSR in favour of the prospectors.

Geological Settings

The Mudjatik and Virgin River Domains are separated by a major regional structure, the Cable Bay Shear Zone, which can be traced by aeromagnetics for a distance of at least 300 km, with a prominent northeast-southwest linear low.

The basement rocks of this portion of the Mudjatik Domain consist predominantly of reworked Archean orthogneisses and some Hudsonian age granitic gneisses, which are generally represented by aeromagnetic highs, and also by highly deformed Paleoproterozoic supracrustal sediments, which generally occupy aeromagnetic low zones.

Milestones and Projected Work

In March 2007, V-Tem and magnetic surveys were flown over the entire property of Cree Lake at 200 meter line spacing with areas of interest flown at 100 meter line spacing. Analysis completed in 2007 indicated features on the property with strong potential and the Company has prepared a ground geophysical survey to be completed over parts of the property in addition to a potential drilling program on identified targets for 2008. Further interpretation was completed by JVX and four prominent conductors were identified. Offsets in two of these conductors occur at magnetic breaks. The property was partially renewed in 2009.

From this detailed interpretation, Ditem was able to identify the highly prospective zones on the property. As a result, the Company has scaled back its claims for 2009 and will continue to focus directly on the two most promising claims on the property.