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The Company is focused on building a strong portfolio of projects within mining-friendly and infrastructure-rich areas of Europe.
In 2006, the Company was granted the Cercal exploration license from the Portuguese government mining authority to explore for metallic minerals over an area of approximately 240 square kilometres in the prolific Iberian Pyrite Belt of southern Portugal. In August 2006, Geotech Limited ("Geotech") of Aurora, Ontario, completed a 1,350 kilometre, helicopter-borne geophysical survey of the area for the Company using Geotech's advanced, deep-penetrating VTEM (Versatile Time-Domain ElectroMagnetic) system, which includes a high-resolution cesium magnetometer.
During 2007, the Company was granted the Moura exploration license from the Portuguese government mining authority to explore for base and precious metals in an area of approximately 374 square kilometres in the Moura-Villa Verde de Ficalho region of southeastern Portugal. A number of zinc-lead and silver occurrences are known within the license. Numerous priority drill targets exist within this license.
In southern Sweden, the Company holds 7 different mineral exploration permits, comprising 9,640 hectares in the historic Bergslagen mining district. These properties were acquired in 2006 and data compilation and review and limited soil sampling have been completed on the Bergslagen projects in preparation for field work. The Company also holds a 100% interest in the Nynäsberget gold prospect that was recently acquired in the Jämtland region of central Sweden.

Portugal and Sweden
| John Lando | President/Director |
| Mark Bailey | Director |
| Dr. E. Max Baker | Director |
| Lyle Brown | Director |
| Henrik Wik, M.Sc. | European Exploration Manager |
| Joan McCorquodale, PGeo, BSc Geology | Geological Consultant |
| John Fraser, PGeo, MSc in Geology, BSc in Geophysics | Geological Consultant |
| Tammy Gillis | Financial Controller |
Company AddressP.O. Box 11604. Suite 620, 650 West Georgia St
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Year End31, December |
| Board of Directors, 4.3% as at September 30, 2007 |
| Lappland Goldminers AB, 3.3% as at September 30, 2007 |