The Great Canadian Exploration Company Inc

Corporate Strategy

To acquire high potential mineral and oil & gas properties

To enhance shareholder and property value by conducting exploration programs

Share risk through joint venture partners

Current Projects

Gold:

Widow Point, Nova Scotia

2. TAGISH 025 Gold Silver Project, BC

BASE METALS:

Haskins Mountain, BC molybdenum, silver, lead, zinc, tin, bismuth

"Gold"

Gold

Widow Point, Nova Scotia

The company has an option to gain a 100% interest on the Widow Point gold deposit in Nova Scotia

The deposit is shale-hosted, similar to the world famous Bendigo-Ballrat district of Australia, which has produced over 10 million oz’s of gold

Grades up to 15 oz/t Gold

Widow Point Gold

A wide spaced drill program carried out in the mid 1980’s hit a multitude of high grade gold intersections

In-fill and step out drilling of 1800m is planned for 2005

Gold

TAGISH 025 Gold Silver

High Degree of Cross Faulting

Well Folded Strata

Multi-phase Felsic Plutons

Au, Ag, As, Sb and Te Association

Bonanza Style Epithermial Gold-Silver

Sediment Hosted Gold

Slide 10

Diamonds

Hinton, AB

DIAMONDS Wild Hay, Alberta

The company has acquired an option on the diamond property near Hinton, Alberta

It adjoins a property where 26 diamonds have been discovered

The company plans to explore this ground in the near future

Haskins Mountain

Molybdenum, silver, lead and zinc

Resources of Haskins Mountain

Inferred resources of 726,000 tons 5% zinc, 2% lead and 1 oz silver per ton

Drill Indicated resource of 13,482,000 tons of molybdenum grading 0.09%

Molybdenum

Over the last two years, molybdenum has climbed from $3.50 per pound to over $34 per pound

Financing Plans

Our maximum offering is $325,000

Our offering memorandum is offering two types of investments

“A” and “B” units

“A” Units

500 000 “A” units at a price of 20¢ per unit

“A” units consist of one non-flow through share at 20¢ and one warrant at 40¢ per share exercised by the earlier of 2 years after the date of issue or 1 year after the date the corporation becomes a reporting issuer

minimum investment for “A” units is $300 (1 500 shares)

“B” units

500 000 “B” units at a price of 45¢ per unit

“B” units consist of one flow through share (25¢), one non-flow through share (20¢) and one warrant at 40¢ per share exercised by the earlier of 2 years after the date of issue or 1 year after the date the corporation becomes a reporting issuer

minimum investment for “B” units is $2 250 (10 000 shares)

Why Flow Through Shares?

What are they?

A little bit of math

What advantages do they offer?

What are the disadvantages?

What Are Flow Through Shares?

Special shares issued by oil and gas and mining exploration companies

Tax shelter with special tax incentives

A way for the federal government to encourage resource exploration and development on properties in Canada

Some of the Math

Canadian exploration expenses are fully deductible from your income

Capital gains are taxed at 50% of your marginal tax rate

If you’re in the 50% tax bracket, your marginal tax rate on these proceeds would be 50% x 50% = 25%

Tax Scenarios
(assuming 50% tax bracket)

Advantages of Flow Through Shares

Taxes – immediate deduction and long term deferral

Share prices are linked to commodity prices, and may hedge against inflation

When the stocks do well, there is a very high return

How will you benefit from investing in flow through shares?

If you pay $10,000 or more in income tax

By diversifying your portfolio with exposure to the junior mining sector

Flow through dollars raised are put into the ground, not into administrative costs

Offers a substantial reduction in the actual cost of shares purchased

Disadvantages of Flow Through Shares

Stock prices of all companies, not just juniors, are very volatile anyway because of the ups and downs of energy and mineral prices

These shares are generally issued at a higher price than the company’s regular shares, this reflects the tax benefits

Mining’s importance to Canada

4.3% - Percentage of G.D.P. contributed by mining

350,000 - People employed in mining and mineral processing

15.2% - Percentage of total exports provided by minerals and mineral processing

Canadian Mining
A part of our daily lives

80% - Percentage of mineral and metal production exported

2^nd – World rank of Canada in exploration investments

115 – Number of Canadian communities for which mining is the major source of economic activity

19% - Percentage of stocks traded on the TSE that are issued by mining companies

Where is Gold Headed?

We are in the early stage of one of the great market Runs, fortunes are going to be made on this one.

“Mass fear caused by an event such as a terrorist attack could drive the gold price over $1,000/oz.”

“The big money will be made by people who invest in mid-tier and small-capitalization gold stocks.”

- Jim Dines, gold analyst, publisher of The Dines Letter, and often called the original gold bug.

“We are heading into the largest secular gold bull market in history. Now is the time to take advantage of the opportunities offered by the Junior Companies in this sector.”

- Ian Gordon, one of the largest individual financiers of junior mining exploration in North America


	To acquire high potential mineral and oil & gas properties

	To enhance shareholder and property value by conducting exploration programs

	Share risk through joint venture partners


	Gold:
		Widow Point, Nova Scotia

		2. TAGISH 025 Gold Silver Project, BC

	BASE METALS:
	Haskins Mountain, BC molybdenum, silver, lead, zinc, tin, bismuth


			The company has an option to gain a 100% interest on the Widow Point gold deposit in Nova Scotia

			The deposit is shale-hosted, similar to the world famous Bendigo-Ballrat district of Australia, which has produced over 10 million oz’s of gold

			Grades up to 15 oz/t Gold


		A wide spaced drill program carried out in the mid 1980’s hit a multitude of high grade gold intersections

		In-fill and step out drilling of 1800m is planned for 2005


	High Degree of Cross Faulting
	Well Folded Strata
	Multi-phase Felsic Plutons
	Au, Ag, As, Sb and Te Association
	Bonanza Style Epithermial Gold-Silver
	Sediment Hosted Gold


		The company has acquired an option on the diamond property near Hinton, Alberta

		It adjoins a property where 26 diamonds have been discovered

		The company plans to explore this ground in the near future


	Inferred resources of 726,000 tons 5% zinc, 2% lead and 1 oz silver per ton

	Drill Indicated resource of 13,482,000 tons of molybdenum grading 0.09%



	Over the last two years, molybdenum has climbed from $3.50 per pound to over $34 per pound


	Our maximum offering is $325,000
	Our offering memorandum is offering two types of investments
	“A” and “B” units


	500 000 “A” units at a price of 20¢ per unit
	“A” units consist of one non-flow through share at 20¢ and one warrant at 40¢ per share exercised by the earlier of 2 years after the date of issue or 1 year after the date the corporation becomes a reporting issuer
	minimum investment for “A” units is $300 (1 500 shares)


		500 000 “B” units at a price of 45¢ per unit

		“B” units consist of one flow through share (25¢), one non-flow through share (20¢) and one warrant at 40¢ per share exercised by the earlier of 2 years after the date of issue or 1 year after the date the corporation becomes a reporting issuer

		minimum investment for “B” units is $2 250 (10 000 shares)


	What are they?
	A little bit of math
	What advantages do they offer?
	What are the disadvantages?


	Special shares issued by oil and gas and mining exploration companies

	Tax shelter with special tax incentives
	A way for the federal government to encourage resource exploration and development on properties in Canada


	Canadian exploration expenses are fully deductible from your income

	Capital gains are taxed at 50% of your marginal tax rate
	If you’re in the 50% tax bracket, your marginal tax rate on these proceeds would be 50% x 50% = 25%


	Taxes – immediate deduction and long term deferral

	Share prices are linked to commodity prices, and may hedge against inflation

	When the stocks do well, there is a very high return


	If you pay $10,000 or more in income tax
	By diversifying your portfolio with exposure to the junior mining sector
	Flow through dollars raised are put into the ground, not into administrative costs
	Offers a substantial reduction in the actual cost of shares purchased


	Stock prices of all companies, not just juniors, are very volatile anyway because of the ups and downs of energy and mineral prices

	These shares are generally issued at a higher price than the company’s regular shares, this reflects the tax benefits


	4.3% - Percentage of G.D.P. contributed by mining

	350,000 - People employed in mining and mineral processing

	15.2% - Percentage of total exports provided by minerals and mineral processing


	80% - Percentage of mineral and metal production exported

	2^nd – World rank of Canada in exploration investments

	115 – Number of Canadian communities for which mining is the major source of economic activity

	19% - Percentage of stocks traded on the TSE that are issued by mining companies


	We are in the early stage of one of the great market Runs, fortunes are going to be made on this one.
	“Mass fear caused by an event such as a terrorist attack could drive the gold price over $1,000/oz.”
	“The big money will be made by people who invest in mid-tier and small-capitalization gold stocks.”
	- Jim Dines, gold analyst, publisher of The Dines Letter, and often called the original gold bug.


	- Ian Gordon, one of the largest individual financiers of junior mining exploration in North America