Spruce Hull Lake, Ontario

The company has begun a third phase of exploration including prospecting, mechanical stripping and channel sampling.  The area of gold mineralization continues to expand.  Assay results will be released at the conclusion of this year’s exploration program.

The Porphyry Zone, discovered in late 2005, consists of a quartz-porphyry dyke that has been exposed over a length of 43 metres. It has been affected by iron-carbonate alteration and carries disseminated pyrite throughout. Numerous narrow quartz stringers cut through, containing specks of visible free gold (see photo below). The gold-bearing stringers become noticeably more abundant towards the east end of the stripped area, and this part of the dyke was channel-sampled using diamond saw cuts 5 centimetres wide and between 6 and 8 centimetres deep. Line cutting and geophysical surveys have since been completed, and plans made for additional stripping and diamond drilling of the area.

Dyke channel sample averages, taken from six channels

Distance	Assay	Visible gold in quartz veins
1.20 metres 0.90 metres 0.30 metres 0.60 metres 0.90 metres 0.90 metres	6.97 grams per tonne Au* 1.08 grams per tonne Au 7.94 grams per tonne Au* 14.95 grams per tonne Au 39.01 grams per tonne Au 4.98 grams per tonne Au

Samples taken along a 14- metre length of the dyke (asterisks denote channels not crossing the full width of the zone due to irregular bedrock surface).

The 2,576-hectare Spruce Hull Lake property is located 65 kilometres northeast of Beardmore, Ontario, in the Onaman-Tashota greenstone belt. The property is 100% owned by Spruce Ridge Resources (A 3% NSR royalty exists on the property). The property is accessed by way of a 90 kilometre long well-maintained logging road from a paved highway. The other exploration company active in the area is Kodiak Exploration.

Nora Lake, Ontario

The company recently began a second phase of exploration including prospecting, mechanical stripping and channel sampling.  Exploration to date has extended the gold mineralized zone to over 400 meters in length.   Assay results will be released at the conclusion of this year’s exploration program.

A 2005 stripping and channel-sampling program by Spruce Ridge exposed a mineralized zone over a length of 240 metres and width of 24 metres. The full breadth of the zone has not yet been uncovered. Seventeen channel samples have been cut and assayed over varying widths from 0.30 metres to 10.67 metres in the main stripped area.

Spruce Ridge Resources owns an eighty nine percent (89%) interest in the Nora Lake property. The property, comprised of two leased claims and three unsurveyed claims totaling 130 hectares, lies 17 kilometres east of Beardmore, Ontario, easily accessed five kilometres off the Trans-Canada highway. It sits directly adjacent to the Watson Lake fault, one of the major localized mineral structures that played a crucial role in the historic gold mining of the region. The property is underlain by volcanic rocks of the Beardmore-Geraldton greenstone belt, which produced 4.2 million ounces of gold from 17 separate mines between 1935 and 1971. Until optioned by Spruce Ridge in 2005, this property was held for over 20 years by a prospecting group that had done only minimal assessment work.

The Nora Lake mineralized zone consists of mafic volcanics cut by an irregular body of quartz porphyry. Both rock types are intensely sheared, carbonatized and silicified, and cut by irregular quartz-tourmaline veins carrying disseminated-to-heavy pyrite and arsenopyrite. The main stripped area exposes mineralization over a length of 120 metres and a width of at least 24 metres (the north contact of the zone has not yet been reached). Additional stripping on the strike to the east and west gives the zone a minimum length of 240 metres.

Results include 8.42 grams per tonne gold across 3.35 metres; 6.69 grams per tonne Au across 1.22 metres; 6.14 grams per tonne Au across 0.61 metre, and 1.14 grams per tonne Au across 8.53 metres. No single channel sample covers the full exposed width of the mineralization, since samples were only taken where the irregular rock surface permitted cutting with a diamond saw. Results for the full program, including east and west extensions, are still forthcoming.

Further stripping and infill channel-sampling are planned, as well as a preliminary program of diamond drilling, to test the full width of the mineralized zone.

Assay results from Spruce Ridge’s 2005 program