Corporate Profile

Tawsho is a mining and exploration company focused on the acquisition, exploration and development of gold resources and advanced stage gold exploration projects.

Tawsho is presently developing its Whisker Valley project (comprised of 913 claims, covering an area of 21,875 hectares, or 218.8 sq. km) in Baie Verte, Newfoundland and its Chevrier project ( comprised of 557 claims, covering an area of 9,542 hectares, or 95.4 sq. km) in the Chibougamau region of Quebec.

Tawsho currently has about 22.8 million shares issued and outstanding.

Vision


Our vision is to develop a resource base of over 1.5 M oz of gold for each of our properties, measured and indicated, within the next 3 years, thereby increasing our valuation as an exploration company to over $150 M for each property.

Mission Statement


Our mission: we will achieve this vision by:

· Identifying attractive target regions in the world, and developing an in-depth knowledge of the geology of these regions.

· Secure property in these regions that meet certain criteria and show promise.

· Carry out exploration programs leading to a NI 43-101 resource evaluation of measured, indicated and inferred.

· Custom package the knowledge and intellectual property (geological interpretation, databases of geophysics, geochemistry, core logging, assays, maps, 3-D models, NI 43-101) to secure a joint venture partner (an operator) to continue the development of the property into a commercial mining operation.

Properties

Whisker Valley

Baie Verte, Newfoundland

Description

Whisker Valley property, 20,875 hectares in size, is located on the southern end of Baie Verte Peninsula, Newfoundland, NTS 012H/09, near the communities of Middle Arm and King's Point is accessible via forest access roads and paved highways (Figure 1 – to be provided). The property is sandwiched between paved Routes 391 and 410, east and west respectively linked to the Trans Canada Highway and gravelled Route 413 on the northern extremity. Route 391 passes through the community of King's Point terminating at Rattling Brook. Route 413 connects with Route 410 leading to the town of Baie Verte passing through the community of Burlington and terminating at the community of Middle Arm. A myriad of forest access roads penetrate the property from the highways at various locations.

Rocks on Whisker Valley property are situated east the Baie Verte Line, within the Baie Verte Belt historically known for its gold and base metal deposits. The Baie Verte Line is a major structural feature separating the Dunnage and Humber Zones of the Appalachian-Caledonian Orogenic Belt (Figue 2 – to be provided).

Bedrock geology is predominantly felsic volcanic and granitic intrusives comprising the Early Silurian King's Point Complex, interpreted to be a collapsed Paleozoic caldera. Northern and eastern contacts are with the Burlington Granodiorite. Mesothermal(?) gold mineralization occurs in the vicinity of the faulted(?) eastern contact within both the King's Point Complex and Burlington Granodiorite.

Mineralization on Whisker Valley property consist of uranium and gold associated with hematitic volcanic pyroclastic breccias and quartz veins, respectively.

Primary interests are the Road Gold Showing, Muskrat and Nest showings (Figure 3 – to be provided). The Amanda Zone and other uranium occurrences are of considerably lesser importance with respect to due diligence validation.

The Road Gold Showing, discovered in 2007 by Bayswater Uranium Corporation consists of quartz-sulphide veins hosted by sheared felsic volcanics. Bayswater reported from grab and float samples, values "greater than 10 g/t gold with the best sample assaying 104 g/t gold". Four short drill holes completed by Bayswater in 2008 did not encounter favourable intersections.

The Muskrat and Nest gold showings, discovered in 2005 or earlier by Rhino Exploration Ltd. personnel, are unknown entities with vague descriptions. Assay returns for an outcrop sample from Muskrat and a float sample between Muskrat and Nest are 9800 ppb Au and 40,970 ppb Au, respectively.

For a review of the previous and recent exploration activities on the property, geology and resources definition see the following links:

Diamond Drilling Campaign Report

Hutchings- KIEX due diligence report

Noranda Report

History

The boundaries of the present claim block were staked in 2005-2007 by Dan Jacobs, Kenneth Lewis, Wayne Hurley and Bayswater Uranium Corporation and by Tawsho Mining in 2010 and 2011. The large land package is currently known as the Whisker Valley property. Prior to the 2005-2007 staking, a number of companies held different licenses on the west and east sides, known as the Mic Mac Lake and Southwest Arm areas, respectively. Exploratory focus was gold. Often licences were dropped without submission of assessment reports. KIEX archived claim maps show that on July 29, 1980, the entire Whisker Valley property area, NTS 012H/09 was un-staked Crown land.

Previous Owners:

West side (1988-2003+): Noranda Exploration Co. Ltd., Shear Exploration Ltd., Bay Roberts Resources Ltd., Rex Resources Ltd., Fox Pond Resources Ltd., Pearce Bradley, Roland Chamberlain, Deep Reach Exploration Inc., British Canadian Mines Ltd., International Marketing Solutions Ltd., Cornerstone Resources Inc. and XMD Ltd.

East side (1987-1991): Mary Lou Coyle, Bay Roberts Resources Ltd., Shear Exploration Ltd. and Teck Corporation Ltd.

Exploration Activities Prior to 2005:

West Central Portion of Property –(see Figure 4 – to be supplied)

Road Gold Showing Area

In the vicinity of the Road gold showing, a check on prior ownership would appear to be – in sequential order - Noranda Exploration Co. Ltd., Rex Resources Ltd, Fox Pond Resources Ltd. and Cornerstone Resources Inc.; only findings of Noranda Exploration Co. Ltd. are specified in this report.

Strugglers Pond

Open Files 012H/09/1045 and 1145 by Noranda Exploration Co. Ltd. refer to initial exploration in 1988-89 by the Noranda-Muscocho Joint Venture on the Struggler's Pond grid, situated on Rhino Exploration Ltd. Licence 017343M. Surveys for gold included HMC (heavy metal concentrate) till and stream sediment panning, soil sampling, VLF, magnetics, prospecting, mapping, trenching and rock geochemistry. Gold mineralization hosted by the Burlington Granodiorite, include Kruger, Mackenzie and Sidewinder showings (Figure 5), all situated north of Rhino's Road showing on Licence 017343M and accessible by logging trails and cut lines.

Kruger Showings

Kruger (UTM coordinates: 546,800E; 5,497,690N): 1988 Discovery - semi-massive chalcopyrite-pyrite veinlets, with up to 5% coarse disseminated flakes of molybdenite, concentrated along joints within 0.5-1.0m wide diabase dykes. Grab samples returned highs of 32.9, 13.4 and 11.2 g/t Au. Associated Cu, Mo and Ag values returned highs of 6.3% Cu, 1.38% Mo and 3.74 opt Ag. Hematized granodiorite wall rock is typically silicified with minor disseminations of Cu and Mo. Assays have returned up to 1.17 g/t Au. 1989 Follow-up: Showing is described as a rusty chloritized zone in granodiorite with disseminated pyrite, chalcopyrite and molybdenite mineralization. Local concentrations are localized along fractures. Chip samples confirmed the high grade metal values returning 36.0 g/t Au, 2.49% Cu, 0.96% Mo and 1.63 opt Ag over 0.45m. The showing although of limited potential, does suggest larger, high grade occurrences on the property.

MacKenzie Showings

MacKenzie (UTM coordinates: 547,010E; 5,497,990N): 1988 Discovery - Silicified diabase dykes cut by thin quartz veins and stringers with 1-5% finely disseminated pyrite. Initial grab samples from silicified zones returned values of 3.73 and 1.34 g/t Au. Detailed chip samples from the dykes returned highs of 8.71 g/t over 0.1m and 5.94 g/t Au over 0.2m. The best combined assay from the dykes is 4.0 g/t over 0.5m. 1989 Follow-up – The veins carry 5-10% disseminated pyrite and are locally hematized. Further examination located additional veins along strike. The veins are up to 5 cm wide and trend 110/35oNE. They are localized along conjugate joint sets. The veins carry minor, 5-10% disseminated pyrite and are locally hematized.
Assays from grab samples returned 14.5 and 13.0 g/t Au. Small Zones of patchy silicification with 5% disseminated pyrite are typically associated in the adjacent wall rock. A grab sample returned 3.3 g/t Au.

SideWinder Showings

Sidewinder (UTM coordinates: 547,400E; 5,498,300N): 1989 Discovery – A similar style of mineralized quartz veins, roughly along strike of the MacKenzie showing. The showing consists of three 2-4 cm wide quartz veins over a 5m interval. The veins trend 095/50oSW and carry 5-10% rusty pyrite mineralization. Assays have returned values of 8.3, 8.3 and 1.3 g/t Au. Weakly mineralized wall rock has returned elevated gold values up to 0.29 g/t from grab samples.
Noranda observed the small high grade gold occurrences appear to be structurally controlled, localized along joint and fracture sets within intrusive rocks and suggested the potential for larger occurrences may lie with the recognition of larger structural elements to provide a favourable loci for the localization of a significant gold deposit. Recommendations included detailed grid mapping, including a systematic study of joint patterns to identify the most favourable structures for the localization of gold mineralization; detailed airphoto interpretation and evaluation of mag data in order to recognize larger structural elements at a property scale. Favourably identified structures should be followed up with prospecting and trenching in order to define drill targets.

East side of Property

Exploration in the Southwest Arm area centred on conceptualization of gold mineralization occurring within a caldera setting (Coyle and Strong, 1988) and follow-up of anomalous gold in regional lake sediments (O. F. 012H/1012, 1989); higher values scattered throughout the area were 5.2, 4.8, 5.1, 4.2, 5.1 and 4.7 mg/t Au. Findings of Teck Corporation Ltd. and Bay Roberts Resources Ltd. are specified in this report.

Teck Corporation Ltd.

Teck spearheaded a Joint Venture with Equity Silver Mines Limited and Springdale Syndicate between 1987 and 1989 (O. F. 012H/1075, 012H/1076, 012H/1159) optioning the large King's Point property held by Mary Lou Coyle and staking one additional licence. Results from a till and stream sampling program were abysmal – "gold geochemical values are low; also none of the till samples contained large numbers of gold grains" (Sobie, 1988). A lithochemistry survey fared similar poor results – three values (26-60 ppb Au) were reported from the 'most significant' anomaly (Prior, 1988). The most impressive results came from trench sampling on a licence – Middle Arm Brook property - external to the Coyle property returned "3170 ppb (0.09 oz ton) confirming an earlier grab sample value of 2180 ppb Au" – further trenching "to the southwest suggested no continuity to this calibre of mineralization" (O'Connell and Prior, 1989). This location is partially covered by current Rhino licence 012930M.

Bay Roberts Resources Ltd.

Bay Roberts Resources claims, coterminous and near to the Teck and Coyle properties, returned poor results from a 1988 soil sampling program – 102 ppb Au was recorded on the Southwest Pond property (O. F. 012H/09/1059); Rattling Brook property (O. F. 012H/09/1058) was negative (Dawson, 1989). Southwest Pond property was situated north of current Rhino licence 013756M; current status is Gazetted Notice (coming open for staking).

Mineral Deposits

Mineral occurrences, especially mesothermal-style lode gold are numerous on the Baie Verte Peninsula, which is compared to the Californian Mother Lode Belt. Mesothermal gold occurrences are subdivided into vein-hosted (restricted to quartz veining) and altered wall rock or replacement mineralization (disseminated). The area is also known for auriferous volcanogenic massive sulphide deposits. According to Evans (2004) : (1) Gold occurrences on the peninsula's southern extremity within the Mic Mac Lake Group are associated with "silica-pyrite replacement zones within schist zones developed within felsic volcanic rocks" unlike the association with "extensive iron-carbonate alteration" common to deposits situated on the northern end of the peninsula. (2) "Gold occurs in association with shear-hosted base-metal-rich and quartz-pyrite veins in the within the Burlington granodiorite". Mesothermal-style gold deposits, possibly having an affinity with Baie Verte Peninsula south mineralization, occur on the neighbouring Springdale Peninsula.

Property Geology

Bedrock geology (Figure 10) consists of the predominant King's Point Complex rimmed west and north by the Burlington Granodiorite, small exposures of the Bett's Cove Complex at Middle Arm Point unconformably overlain by the King's Point Complex and the Lush Bight Group confined to the south-eastern corner at King's Point. Mic Mac Group rocks occur, westward, off the property.

Several NE-SW and NW-SE trending faults cut the King's Point Complex north of Middle Arm and in the Middle Arm Brook area. The southern end of the complex is bounded by the Green Bay Fault.

Coyle and Strong surmised, through documented field relationships, "the King's Point Complex evolved as volcano-plutonic complex with the initial development of a silicic volcanic carapace and subsequent emplacement of granitoid rocks represented by the intrusive porphyries and various syenites....the widespread occurrence of mafic dykes cutting all lithologies may also indicate that most of the area beneath the King's Point Complex was underlain by a substantial volume of mafic magma".

Surficial geology units are discreet entities, to a certain extent, mimic bedrock geology. Till veneer, bedrock concealed by vegetation and bog occur in the area of granite mass north of Middle Arm Brook. South of Middle Arm extending towards Gull Pond, surficial units within the volcanic area are rock concealed by vegetation, bedrock and till veneer and/or bog bounded in the Middle Arm Ridge area by bedrock and concealed bedrock. Bog, till veneer and concealed bedrock occur north of Gull Pond. Glaciofluvial and marine deposits occur in major stream valleys at Middle Arm and King's Point. An esker, having an easterly flow direction is situated north of Gull Pond. Glacial striations indicate a general northeast ice direction; multi-directions occur in the Gull Pond area (Map 2000-21).

EXPLORATION

Historic exploration by Noranda Exploration Co. Ltd. during 1988-89 consisted of HMC till and stream sediment panning, soil sampling, VLF, magnetics, prospecting, mapping, rock geochemistry and trenching in the southwest portion of Whisker Valley property in the vicinity of the Road gold showing.

Recent exploration by Bayswater Uranium Corporation during 2007-2008 consisted of airborne radiometric and magnetic surveys, geological mapping, prospecting, soil sampling, grid cutting – 80 km, backhoe trenching, sampling, Induced Polarization and diamond drilling. Scintillometer ground radiometrics. One assessment report (File No. 012H/1904) was submitted to Mineral Lands Division. Primary exploration focus was uranium; gold secondary.

Recent exploration by Rhino Exploration Ltd. during 2005-2007 consisted of prospecting, sampling, ground radiometrics, trenching, till panning in the southwest portion of the property in the Amanda Zone and Road Gold Showing areas. Amanda, Muskrat and Nest showings were discovered prior to optioning the property to Basywater Uranium Corporation. Four assessment reports (File No. 012H/09/1896; 012H/09/1957; 012H/09/1868 and 012H/09/1867) were submitted to Mineral Lands Division.

Drill Sites Maps

Chevrier Property

Chibougamau, Quebec

The Chevrier property is located about 35 km to the south of Chibougamau, Quebec, and is covered by NTS (National Topographic System) Sheets 32G09 and 32G10 (Figure 1). The property consists of 557 mostly contiguous claims, for a total of 9,542 hectares located in Hauy, Queylus, Fancamp and La Dauversière Townships, Province of Quebec.

The property is centered near the junction of these four townships. Tawsho holds 100% interest in 515 of the 557 claims. A portion of the property is over two lakes. For easier reference, the Chevrier property has been divided into two sectors. The Diana block is located in the Southwestern quarter of the Queylus Township. The contiguous Diana-Obatogamau, Fancamp, Haufan, and Dolbo blocks are predominantly located in the Northeast sector of the Fancamp Township, with a few claims in the Southern half of the Hauy Township. The blocks of claims encountered, from Northeast to Southwest. (Figure 2) are described as follows:

• Diana block: consists of 69 claims covering an area of 1,104 hectares in Queylus Township. This block was held by Géonova (100%) with a royalty of 7.5% of the Net Proceeds of Production retained by Resources Diana Ltd;

• Diana-Obatogamau block: was 100% held by Géonova who had acquired it from INMET. This block consists of 82 claims covering an area of 1,312 hectares in the Fancamp and Hauy townships. Resources Diana Ltd, the original owner, still holds a royalty of 10% of the Net Profits of Production. Peter Smith and Charles Robbins hold each a 0.5% royalty of the Net Smelter Returns. These original contractual agreements are still in effect;

• Fancamp block: consists of 17 claims covering an area of 264 hectares in Fancamp Township. Géonova held 100% of this block and Fancamp Resources Inc. still holds a royalty of 10% of the Net Profits of Production;

• Haufan block: was held at 100% by Géonova, except for claim CL 5041860 which was held jointly by Géonova (10%) and Inmet (90%). The Haufan block consists of 30 claims located in the Fancamp Township and covers an area of 477 hectares;

• Dolbo block: consists of 41 claims covering an area of 656 hectares in Fancamp Township. This block was jointly held by Géonova (63.83%) and LamGold- Quebec (36.17%);

• Other: the remaining 318 claims are located in between and around those blocks and cover an area of 5,490 hectares in the four townships mentioned before.

Tectonic Resources Inc. owns 9 contiguous mining titles (4 cells and 5 claims) covering 254 hectares on the north border of the Diana-Obatogamau block. The exploration rights are entirely surrounded by Tawsho's property.

The Chevrier and Chevrier South deposits are located in the west-central sector of the property (Figure 2). There are no known tailings ponds or waste dump on the property, as no production has ever taken place.

Aboriginal rights to trapping are exercised in the region (area 0/60). Spawning grounds exist in the east- and west-central areas of the Chevrier property.

The Band Council of Oujé-Bougoumou of the Cree Nation has some traditional rights on the land use on parts of the Chevrier property.

Figure 1 – Location Map

Figure 2 – Claim Map & Claim Blocks


Figure 3– Drill Hole Location, Infrastructures and Surface Rights


For a review of the previous and recent exploration activities on the property, geology and resources definition see the following links:

SNC Lavalin Chevrier Technical Report

MetChem Chevrier Technical Report

Gagnon’s assessment report

HISTORY

1- Previous Exploration Activities

The Chevrier project is comprised of 5 blocks of claims previously held by different owners and a group of claims recently staked by Tawsho.

The first exploration work documented on the Chevrier property area was performed by Teck Corp. in 1950 as shown in table A. This was followed by sporadic exploration activities targeted at different portions of the present property area by the various mining companies. A combination of mapping, geophysical and geochemical surveying, outcrop stripping and drilling led to the discovery of several gold showings and culminated with the discovery of the Chevrier deposit in 1988, and the Chevrier South deposit in 1992.

Table A - Summary of the Historical Exploration Work Completed on the Chevrier Property area

Table B - Summary of Historical Diamond Drilling Completed

2 - Previous Mineral Resource Estimates

In 1991, Inmet (Minnova) completed the first resource estimation of the Chevrier deposit (Table 5.3) regarded as a single tabular zone at the time. The estimate was updated by Géonova in 1997 and 1998 for five discrete zones interpreted for the deposit. The estimate from 1998 constitutes the latest available figures.

Table C - Chevrier Deposit - Summary of Historical Tonnage and Grade Estimates

Although we are not aware of all the details on the methodology applied by the geologists estimating the tonnage and grade in the Chevrier deposit, it appears that the calculations are essentially based on the polygonal method. Various constraints were applied, in terms of cut-off grade and minimum width, to select the volumes to be included in the resource tonnage.

In the resource estimate of 1998, Géonova subdivided the Chevrier deposit into 14 lenses, cut one assay exceeding 34 g/t Au, used a minimum composite size of 1.5 m and projected the drill hole intercepts onto a vertical longitudinal section used to trace the polygons. The polygons were extended to a maximum distance of 50 m from the drill intercepts. The reported resources are undiluted and are not broken down into the categories set out by the CIM Council classification system.

We caution that the previous “mineral resource” estimates completed on the Chevrier deposit are historical in nature, are not compliant with the standards set out in NI43-101, are no longer up to date, and consequently should not be relied upon or treated as current resource. We have not verified the methodology and calculations and have not attempted to classify the historical estimate into resource categories. The results from a new, up to date resource estimate based on 3D modeling by Met-Chem are the subject of Met-Chem’s report.

No gold production or bulk sampling have been reported from the Chevrier deposit.