Northern Champion - Ontario

100% - Golden Phoenix owns a 100% interest in the Northern Champion property in Eastern Ontario, Canada.

The Northern Champion property consists of approximately 880 acres in Griffith and Brougham Townships in the Province of Ontario, Canada. In 2006, Golden Phoenix executed a Purchase Agreement to acquire five (5) registered claims totaling 22 units on the Northern Champion Property together with a NI 43-101 Technical Report and Feasibility Study describing a molybdenite deposit within the area of the claims.