HALLE TOWNSHIP PROJECT

Two extremely conductive and strongly magnetic GEOTEM airborne anomalies have been identified on the Hallé Township property, located approximately 23 kilometres east of Belleterre, Québec. Anomaly 1, located along the central eastern boundary of the property, is approximately 1.3 kilometres in length. Anomaly 2, located in the north central portion of the property, is approximately 4.5 kilometres in length. Ground prospecting near these conductors identified limited outcrop. Outcrops are extremely hard and highly silicified, and no graphite was observed. Minor base metal sulphide mineralization was noted at surface in gossan. Anomalous values for gold, copper, zinc, nickel, cobalt and chromium were detected in most samples. In particular, values as high as 0.14% nickel, 0.07% copper, 282 ppm cobalt and 0.22% chromium were reported. Sulphide concentrations in most of the surface grab samples were generally less than 1%. Management believes that the anomaly could be a volcanogenic massive sulphide (VMS) occurrence. This project has been delayed since the spring of 2007 due to a land claim brought forth by Long Point First Nation (LPFN) of Winneway, Québec. On September 23, 2009, the Company announced that a formal Memorandum of Understanding (MOU) was entered into with Long Point First Nation allowing Richmond and Fort Chimo (JV partners) to proceed with Phase I Exploration work of the Hallé Township nickel discovery project near Belleterre, Québec.

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