Harfang Exploration Inc. reported analytical results from drill holes recently completed on its Lake Menarik Gold Property in Eeyou Istchee James Bay, Québec. The results reported confirm broad gold intervals in a highly altered and brecciated monzonite that are open at depth in the Pierre and Pierre Ouest areas, and gold mineralized zones at depth and along strike of the David surface occurrence. The winter program also included an Induced Polarization geophysical survey that highlighted several chargeability targets in other areas of the Property that will be followed up during the upcoming field program to begin in June.

The Property, located 45 kilometres south of Radisson (Québec) consists of 304 claims (15,627 hectares) and is 100% owned by Harfang. Geological Setting The Property is characterized by multiple high-grade gold occurrences hosted in a polyphase intermediate intrusion (syenite, monzonite and monzodiorite) and adjacent volcano-sedimentary rocks. The geological setting of the Property is reminiscent of that of the Timmins Camp based on the occurrence of gold-bearing monzonite/syenite intrusions, volcanic and sedimentary rocks including a Timiskaming-type conglomerate, and lamprophyres.

Discussion of the Results This maiden phase of drilling by Harfang at Lake Menarik consists of 17 shallow drill holes totaling 3,416 metres. Drilling was primarily designed at testing the gold-enriched intrusive monzonitic suite (the "Pierre monzonite") for lateral and vertical extensions of gold intervals obtained in very limited historic shallow drilling completed in 2000. Other holes tested different areas within the Pierre monzonite as well as its volcanic and sedimentary host rocks and associated with chargeability targets delineated by a previous IP survey, coincident with magnetic variations and structural features.

Gold intervals with a metal factor above 5 in holes LMN-23-001 to LMN-23-017. Assay intervals reported are core lengths; true widths have not been determined. Five holes (LMN-23-001 to 004 and LMN-23-017) targeted the Pierre and Pierre Ouest showings located within a 270-metre long by 90-metre wide monzonite outlier south of the main Pierre monzonite (2,200 m x 300 m).

These holes confirm that gold intervals extend laterally and at depth within the monzonite outlier which contains an anomalous gold background. LMN-23-017 intersected two significant gold intervals in highly sericitized and silicified monzonite that graded 1.15 g/t Au over 47.0 metres (95.0-142.0 m), including 3.75 g/t Au over 7.0 metres (131.0-138.0 m), and 1.05 g/t Au over 12.0 metres (158.0-170.0 m). LMN-23-017, the deepest hole drilled to date in this area, extends previously drilled gold zones to a vertical depth of 140 metres.

LMN-23-001 tested the lateral continuity of the mineralization on the northern edge of the intrusion outlier and returned 1.75 g/t Au over 21.0 metres (62.0-83.0 m), including 2.49 g/t Au over 14.1 metres (64.0-78.1 m). Drill intercepts dominated by chlorite-quartz-pyrite veining injected into the monzonite returned anomalous gold zones assaying 0.54 g/t Au over 75.0 metres (6.0-81.0 m), including up to 6.75 g/t Au over 3.0 metres (54.0-57.0 m) [LMN-23- 004], 0.50 g/t Au over 17.0 metres (104.0-121.0 m) [LMN-23-002] and 0.30 g/t Au over 27.0 metres [90.0-117.0 m) [LMN-23- 003]. Drilling has demonstrated that the sericite-rich gold zones are more common at depth and along the northern and southern flanks of the monzonite outlier.

These zones extend in a westerly direction and plunge steeply to the west. All holes under Pierre and Pierre Ouest are characterized by brecciated and highly altered monzonite with zones of silicification, hematization, sericitization and albitization with chlorite and quartz-carbonate veining. Pyrite, the most common sulphide, occurs disseminated in the altered matrix of the monzonite, in chlorite veinlets and in quartz-carbonate veins and stockworks.

The best gold intervals are associated with sericitization, silicification (veins and silica flooding) and pyrite. Holes LMN-23-006 to 014 tested a variety of gold showings coincident with mapped and/or interpreted structural lineaments, and IP chargeability targets in the main Pierre monzonite. LMN-23-006 to 008 targeted the contact of the intrusion with the volcano-sedimentary host rocks underneath Benoit (2.53 g/t Au over 4.72 m [1404-05]) and Giaro (up to 2.37 g/t Au over 2.36 m [1404-14]).

Visible gold was observed in a monzonite-hosted quartz vein in LMN-23-008 which returned 6.20 g/t Au over 0.3 metres within an anomalous interval of 0.57 g/t Au over 13.2 metres (219,3-232,5 m). Three holes (LMN-23-009 to 011) tested structural lineaments and IP targets in the vicinity of the David showing. Significant gold intervals dominated by monzonite-hosted quartz veins, locally associated with shear zones, were intersected: 0.88 g/t Au over 9.45 metres (207.05-216.50 m) including 5.19 g/t Au over 1.15 metres, and 5.04 g/t Au over 1,0 metre (223,1-224,1 m) in LMN-23-009, 1.16 g/t Au over 4.7 metres (6.0-17.0 m) in LMN-23-010, and 1.64 g/t Au over 5.3 metres (99.1-104.4 m) including 6.68 g/t Au over 1.2 metres in LMN-23-011.

Six holes (LMN-23-005, LMN-23-007, LMN-23-013 to 016) tested the northern contact of the Pierre monzonite and/or prominent ENE-WSW sedimentary-hosted structural lineaments to the north and east of the Pierre monzonite coincident with IP chargeability targets. Drilled lithologies include wacke, siltstone, conglomerate and mafic volcanics containing wide pyrite-bearing shear zones with boudinaged, folded and irregular quartz veins. No significant gold intervals were intersected.