Committee Bay
Anialik and Rush
Regan
Nowyak
Hope Bay
Tree River
Canoe Lake
»Musk
Ulu South

The Musk property comprises approximately 29,779ha of mineral claims, Inuit Owned Lands and a single mining lease in the Back River area of Nunavut. A 221ha mining lease in the centre part of the property hosts the Musk gold-silver-copper-zinc-lead (Au-Ag-Cu-Zn-Pb) deposit that was identified in 1979-80 by Noranda Inc. At that time, Noranda drilled a total of 36 diamond drill holes have outlined a 415,000 tonne resource block grading 1.1% Cu, 1.4% Pb, 9.8% Zn, 324 g/t Ag and 1.4 g/t Au above a vertical depth of 150 metres*. Mineralization west of the deposit was cut off by a younger, northeast dipping, north-northwest striking diabase dyke. Mineralization remained open to the east and to depth. A single drill hole from 1994 confirmed the presence of mineralization below the Noranda resource, intersecting a 4.0m zone grading 1.6 g/t Au, 292 g/t Ag, 0.92% Cu, 0.64% Pb, and 5.59% Zn at a depth of 280m below surface.

Exploration conducted by Strongbow in August and September 2004 consisted of a 10 hole diamond drill program, airborne and ground geophysics as well as limited prospecting. Results for the first 4 drill holes confirmed high grade metal values reported by Noranda within the resource area and also successfully intersected mineralization on the west side of the diabase dyke (Strongbow News Release #04-17, October 4, 2004).

Hole No.	From (m)	To (m)	Interval (m)	Est. True Width†	Au (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)
M-39-04	30.22	48.78	18.56	17.2	3.65	724	1.17	2.54	16.5
M-40-04	139.4	141.4	2.0	1.4	8.10	674	0.07	0.44	0.10
and	146.0	151.75	5.75	3.9	3.47	522	1.12	2.18	5.19
M-41-04	198.10	199.4	6 1.36	1.0	0.28	71.7	0.47	0.62	4.96
M-42-04	135.81	137.32	1.51	1.45	0.57	144	0.31	0.81	8.06
and	144.42	146.99	2.57	2.2	1.40	424	1.02	0.80	5.14

† True width is estimated from preliminary geological interpretations.

The Musk Mining Lease is presently under option from Noranda Inc., providing Strongbow the right to earn a 100% interest in the lease by incurring exploration expenditures of $5 million over a period of six years, subject to certain back-in provisions to Noranda and Nunavut Tunngavik Incorporated (NTI) (please see Strongbow News Release #04-03, May 27, 2004, for details). Strongbow retains a 100% interest in mineral rights on the IOL portion of the property, subject to the NTI Agreement, and holds a 100% interest in recently staked mineral claims covering prospective geology along strike from the Musk deposit.

*Cautionary note to reader: the Company has not identified key assumptions and parameters used in determining the 22 year old drill indicated resource reported by Noranda Inc. Therefore, the accuracy of the calculations used to estimate the reported resource may not conform to definitions required by National Instrument 43-101 and the Company is unable to comment on the reliability of the estimate. The results reported herein are for informational purposes only.

ULU SOUTH

REGAN