DIAMOND DRILLING RPT...feet down hole in F2-07 returned 0.52 glt (0.015 oz Au/ton).In hole F3-07, a sample of iron formation from 281.5 to 284.0 feet ran 0.79 g/t (0.023 oz/ton).From

REPORT

On Work Done On The

FUNK #2 Prop1erty (Claims 1192202, 1192203, 1192204, and 3018112)

Of

STRIKE MINERALS INC.

February 19,2008

RECEIVE FE8 2 1 2008

GEOSCIENCE ASSESSMENT OFFICE

Prepared for Strike Minerals Incorporated

By:

Bruce Edgar (HBSc)

Introduction

This report has been prepared by Bruce Edgar (HBSc), Consulting Geologist, at the request of Mr. Denis Crane, President, Strike Minerals Inc., holders of the "Funk Property.

The report contains results of the diamond drilling performed in the current work area of the property.

Work on the property was completed to test previous results, explore for gold mineralization, and satisfy requirements necessary for assessment work credits. The author was on the property at various times from June 1 through July 1, 2007.

Property Description, Location and Accessibility

The Funk #2 Property is comprised of contiguous Claim blocks 1192202 (1 unit), 1192203 (4 units), 1192204 (1 unit), and 3018112 (1 unit), and is located in Jacobson Township (Plan M.1583), approximately 50 kilometers NE ofWawa, Ontario, within the Goudreau Gold District of the Sault Ste. Marie Mining Division.

The Property is easily accessible from the town of Dubreuilville, approximately 25 kilometers away. Two gravel roads lead from town to an old established lumber road which is used to access the claim blocks, one route traveling south to the Magino mine-site and then east, another heading east from town, then south. The two roads converge about 2 kilometers south of the lumber road used to access the claim block. The lumber road also continues east to Lochalsh.

Geological Setting

The property lies within the Goudreau-Lochalsh area of the Wawa Greenstone belt, which is comprised of a major succession of supracrustal rocks of Archean age, represented by several cycles of volcanic activity and a series of sedimentary rocks. The claim blocks are located in the northernmost portion of the Goudreau Lake Deformation Zone (GLDZ) as defined by the Ontario Geological Survey.

The majority of known gold deposits in the area are located within this 30 kilometer long, 4 kilometer wide, east-northeast trending arcuate zone. Structural controls appear to be the most important factor in the localization of gold-bearing quartz veining in the area, and the GLDZ is comprised of numerous, systematically oriented shear zones.

Work Performed on the Property

The majority of the property is covered in glacial sands and till, with little to no known outcroppings of rock. Surface mapping would therefore reveal little about the geology of the property.

Previous holder Mr. Herb Funk identified an area of interest on the property using the Airborne Electromagnetic Survey Map 81009 ofthe Wawa area. Magnetic contours and a

string of magnetic anomalies trending east-west and entering the property from the west, just south of the intersection of the road heading south from Dubreuilville and the lumber road used to access the property, were viewed as a potential test area for drilling. Hole FI-05, the first and only hole on the property at the time, intersected quartz stringers with a few specks of visible gold and a wide shear zone.

Strike Minerals completed a three hole drill program (BQ core) totaling 1,347 feet from June 5 through June 26, 2007, using Superior Drilling ofWawa, Ontario. F2-07 was drilled at 5°, and collared 100 feet behind hole FI-OS. F3-07 (-55°) was collared 100 feet east of hole F2-07, and F4-07 (-55°) was collared 100 feet west ofF2-07. All holes were drilled south (180°).

The holes were logged by the author, and 74 samples of split core were taken at various locations in the holes. Samples were sent to Swastika laboratories to be assayed for gold. The drill logs, sections and assay certificates may be found accompanying this report.

Results of Work Performed

GEOLOGY

The most predominant rock type (approximately 55%) intersected in the three holes is a felsic intrusive. It is generally light tan-grey to beige, has an aphanitic groundmass with fine, often indistinct quartz eyes, and is massive to weakly foliated. There is a minor mafic content, minor sericite, and occasional white, crysta1line quartz veinlets.

Mafic volcanics account for the remainder of the rock types encountered and are generally very fine to fine grained, dark chloritic green, and weakly foliated. They are sometimes slightly epidotitic, often contain fine carbonate fracture filling and sometimes veinlets, and can be quite strongly carbonitized.

A shear zone is encountered in all three holes and features banded, sometimes crenulated and boudinaged ankerite, and altered host rock which appears schistose. In the case of the mafic volcanics some calcium carbonitization remains along with iron carbonate (ankerite), some fine pyrite and pyrrhotite banding and lighter and darker alternating bands of host rock. The felsic intrusives appear pale to olive green, highly schistose and sericitic. Minor white quartz + ankerite veining is found associated with the shear zone in most instances

MINERALIZATION

A few narrow (less than 2.0 feet) iron fonnations are seen, displaying sugary quartz, and fine bands of pyrite, pyrrhotite, magnetite and minor chalcopyrite.

Quartz veining is seen in many locations, predominantly in the felsic intrusives and is generally white, crystalline and containing minor sulphides. Occasionally, minor chalcopyrite and sphalerite are witnessed.

The majority of samples taken returned less than anomalous values for gold. One sample of quartz stringers with minor pyrite and coarsely pyritic margins at 95.0 to 97.0

feet down hole in F2-07 returned 0.52 glt (0.015 oz Au/ton). In hole F3-07, a sample of iron formation from 281.5 to 284.0 feet ran 0.79 g/t (0.023 oz/ton). From 345.0 to 346.5 feet down hole, a six inch quartz vein with coarse agglomerations of pyrrhotite, minor pyrite and trace chalcopyrite ran 1.61 glt (0.047 oz/ton).

In hole F4-07 quartz veinlets with 2-3% pyrrhotite and coarsely pyrrhotitic margins ran 1.14 g/t (0.033 oz/ton) from 259.0 to 26l.0 feet down hole. From 370.0 to 371.5 feet downhole, a section of quartz I minor carbonate veining with minor pyrrhotite returned an assay of 25.03 glt (0.731 oz/ton). The veining is hosted by mafic volcanics.

CONCLUSIONS AND RECOMMENDATIONS

In 2005, ddh Fl exhibited some visible gold in quartz veining, but the resulting assay was only anomalous. In hole F4-07, drilled during this program, a section of quartz veining with pyrrhotite (and no noticeable visible gold) returned an assay of 0.731 ounces gold per ton over 1.5 feet. This is a most significant intersection in that no other work has been done in this area.

The alteration, rock types and mineralization appear to be very similar to other portions of the GLDZ where past and current producing mines exist. The author has worked in the GLDZ on various properties since 1988.

The existence of visible gold and potential ore grade values necessitate a great deal more work on the property.

Qualification

I, Bruce Edgar, resident at 5782 Highland Avenue, Niagara Falls, Ontario hereby certify that:

1) I am a graduate of Brock University, St. Catharines, Ontario, with an Honours B Sc. In Geology in 1981'

2) I have practiced this profession for 27 years, developing and supervising many surface and underground programs.

3) I have visited the property numerous times from June 1 through July 1, 2007, spotting the drill hole collars, logging and sampling the core.

4) I have received no compensation for this report other than normal consulting fees.

Bruce Edgar (HBSe) Consulting Geologist

Feb. 19,2008

5' W

declination

N

#4 Post

DRILL PLAN

FUNK #2 PROPERTY JACOBSON TOWNSHIP

STRIKE MINERALS INC.

!2Jr------

1192203

0.73111.5' ~

o 200

,.. to 200'

B. EDGAR .

·]UL Y 26/07

I

S6

0.03 0·03 ~

0'0'8 ~ "" 0,13 ~

0.0" --0·50

6c

FUNK #2 PROPERTY

JACOBSON TOWNSHIP CLAIM 119220'3

0.01..

O.Ol

30

3ab

0·02

F2-07 -55'

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0.18 -----"·~S _____

, ,

(;) • (7 S" ______ 0.01.{ ________

0.51.

0·10 0.01

LEGEND

GEOLOGY

o FELSIC INTRUSIVES d. Quartz Porphyry

b, F eld'par Porphyry c. AphonJl/c d. DIORITIC

o MAFIC VOLCANICS a. Fine grained b. Coarser grained

SYMBOLS

,,'\.'\.\

Y,G,

0.06

Shear ZOM

VI..,lbl" Gold

AHOY (gil)

o

+1 40 )

FUNK #2 PROPERTY

SECTION F2-07

Drawn by: B, EDGAR Dote: JULY 26/07 Scale: I" fo 40'

5 .. 4.1..--___ _

i\)IL

FUNK #2 PROPERTY JACOBSON TOWNSHIP

CLAIM 1192203

30

- . .

F3-07 -55 11

GLJ\C"IAL: TILL' ... .. ~ . . - .

0.06 --...... o.,,~ ___ •

!'Il\!. ---.... O.ClS" --...

Gc

LEGEND

GEOLOGY

G FELSIC INTRUSIVES a. Quartz Porphyry b. F .,Id"par Porphyr) c. Aphanlflc

d. DfOR'T/C

o MAfIC VOL CANICS Gc a. Fine grained

b. Coarser grained

SYMBOLS

'\'\'\'\\

Y.G.

0.06

Shear Zone

VI,lbl., Gold

Ana,! (gil)

o 40

FUNK #2 PROPERTY

~ECTION f3-07

Drown by: B. EDGAR Dale: JULY 26/07 Scale: '" to 40'

sed

FUNK #2 PROPERTY JACOBSON TOWNSHIP

CLAIM 1192203

0·",",-(vII.

0-10

0"'"

0,02

NIl...

Sea

F4-07 -55"

. . . ~ ~ lA(,IAI. TI\,lj ~ .. , . . \ . - '. ".

LEGEND

GEOLOGY

~ FELSIC INTRUSIVES Q. Ouarh Porphyry b. F eld"par Porphyry c. Aphanitic d. DIORITIC

o MAFIC VOLCANICS o. Fine grained

b. Coar".r grained

SYMBOLS

\'\\.\.\

Y.G,

O.OS

Sl1eor Zene

VisIble Gold

AHoy (git)

o 40 L-____ .J

FUNK #2 PROPERTY SECTION F4-07

Drown by: 8. EDGAR Dote: JULY 2S/07

Scale: I" to 40'

Swastika Laboratories Ltd AuAssay2001 7W-2331-RA1 7/17/2007 Au Au Check

f2 . ('-, g/tonne g/tonne 937 0.25 -938 0.1 -939 0.35 -940 0.13 -941 0.37 -942 0.17 0.18 943 0.25 -944 0.05 -945 0.04 -946 0.53 0.51 947 0.1 948 0.02 -949 0.06 -950 0.05 -951 0.02 -952 0.02 -953 0.02 -954 0.03 -955 0.02 956 0.08 -957 0.04 -958 Nil 959 0.03 -960 0.03 -961 0.08 -962 0.13 963 0.09 -964 0.28 0.32 965 0.02 -966 Nil 967 0.01 -

(7 - 0' 968 0.06 -) 969 0.05

970 0.06 -971 0.05 -972 Nil 973 0.08 974 0.09 -975 0.21 -976 0.92 0.94 977 0.7 -978 0.02 -979 0.05 -980 0.03 981 0.1 -

\) 982 0,07 -983 Nil

.~

r~ .07 984 0.05 985 1.67 1.54 986 Nil 987 0.22 -

\; 988 0.07 -989 0.03· ,

.. -------_._--vl.-! - 0::,7 990 Nil

991 0.27 -992 0.24 -993 Nil 994 0.1 995 0.17 -996 0.23 -997 Nil 998 0.73

i 999 Nil 11/ 1000 0.04

Blank 0.01 -STDOxJ47 2.41

Swastika Laboratories Ltd AuAssay2001 7W-2360-RA 1 7/19/2007 Au Au Check Ag

g/tonne g/tonne g/tonne 6801B 8802B 8803B 8804B 8805B 8806B

------8807B ~ L/ - 07 8808B

8809B 88108 8811{3 8812B 88138 8814B 8815B 88168

Nil Nil

Nil Nil

Nil Nil

Nil

0.08 0.33 -

0.02 -0.05 0.03 -0.36 -1.14 -

0.02

27.09

0.1 0.1

0.06 2.7 2.3

19.1 0.1

0.05 -

0.01 -

22.97 -

Co PPM

Cu Cu Ni PPM % PPM

7 16 - 21 5 25 - 15

17 >10000 1.05 86 762 3880 - 379 205 >10000 7.58 103

30 304 - 21

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