Committee Bay Resources Ltd. is a leading exploration company in northern Canada, having pioneered the exploration of the Committee Bay Greenstone Belt, one of the largest and least explored greenstone belts in North America. The Committee Bay Greenstone Belt is over 300 km long and is geologically comparable to the great Canadian gold producing greenstone belts of Red Lake, Timmins and Kirkland Lake. Committee Bay holds greater than 640,000 acres of land with prospective geology and controls approximately 60% of the belt.

2008 Greenstone Belt Exploration Program

• Concentration on the Three Bluffs area, which hosts a gold resource (see CBR press release dated March 12, 2008)
• Exploration drilling planned to test priority surface and geophysical targets in Three Bluffs vicinity with intent to add new gold ounces to resource inventory
• Economic, logistical and metallurgical studies to be initiated on Three Bluffs Resource
• Comprehensive mapping/target generation planned for southwest portion of the Committee Bay Greenstone belt to facilitate 2009 exploration drilling.

2007 Greenstone Belt Exploration Program

• C$5 million exploration budget for +5,000m of infill drilling at Three Bluffs Deposit to expand and upgrade existing Inferred Resource of 1.9 million tonnes at 8.0 g/t for 487,000 ounces of gold (See CBR press release – November 29, 2004)
• Successfully expanded the resource base of the Three Bluffs Deposit*  and discovered new high grade mineralization at the Inuk Prospect (See CBR press release dated September 5, 2007)
• Confirmed the continuity of the grades and widths of the Three Bluffs Deposit and step-out drilling identified potential for additional high grade structures on the limbs within the Three Bluffs fold
• Based on the 2005 and 2007 drill programs, the Company successfully upgraded the Three Bluffs Gold Resource to 468,400 Indicated ounces (2,451,000 tonnes @ 5.94 g/t Au) and 230,900 Inferred ounces (1,344,000 tonnes @ 5.34 g/t Au). *(See CBR press release dated March 13, 2008)

2006 Greenstone Belt Exploration Program

• C$3 million exploration budget for approximately 3,500m of drilling
• Drilling included results from the following targets:
  • Anuri  (3.75 g/t over 10.21m including 5.14 g/t over 3.12m – See CBR press release – October 12, 2006)
  • West Plains (13.14 g/t over 8.0m – See CBR press release – August 8, 2006)
• Drilling at Anuri identified gold over 400m strike length and extended high grade gold for over 200m along strike and 80m at depth

2005 Greenstone Belt Exploration Program

• C$9 million exploration budget
• Drilling included results from the following targets:
  • Raven (19.25 g/t Au over 3.41m and 36.22 g/t Au over 2.43m - See CBR press release - May 19, 2005) 
  • Three Bluffs (deep drilling 46.7 g/t Au over 3.68m in the North Zone and 13.39 g/t Au over 2.25m in the South Zone - See CBR press release - July 27, 2005)
  • West Plains (6.04 g/t Au over 36.77m and containing 25.33 g/t Au over 3.07m and 14.76 g/t Au over 8.73m - See CBR press release - August 25, 2005),
  • Antler and Anuri