Malawi NI 43-101 - December 2011 - Gold Canyon Resources Inc.

Individual REE as % of the total REE in solutionLight REE Mid REE Heavy REESample by La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb Lu YTREE% % % % % % % % % % % % % % % %CHA-4 ISH 22 7 6 23 4 2 5 1 4 1 2 0 2 0 23 100MIN 22 7 6 23 4 2 5 1 4 1 2 0 2 0 23 100PCL 21 7 6 24 4 2 5 1 4 1 2 0 2 0 21 100CHA-6 ISH 17 2 5 22 4 2 5 1 4 1 2 0 2 0 32 100MIN 17 3 5 22 4 2 6 1 4 1 2 0 2 0 32 100PCL 16 3 5 23 4 2 6 1 5 1 2 0 2 0 30 100CHA-8 ISH 9 5 3 15 4 2 5 1 5 1 3 0 3 0 43 100PCL 10 5 3 15 4 2 6 1 5 1 3 0 2 0 42 100REE leached as a % of original REE in the solid (% REE recovered)Light REE Mid REE Heavy REE TREETREESample by La Ce Pr Nd Sm Eu Gd Tb Dy Ho Er Tm Yb Lu Y-Ce% % % % % % % % % % % % % % % % %CHA-4 ISH 80 25 84 85 84 77 95 94 87 81 92 69 80 77 94 74 86MIN 74 22 72 77 70 74 82 79 78 78 79 75 71 70 90 66 78PCL 66 22 71 77 74 79 89 73 80 72 78 70 69 66 71 62 73CHA-6 ISH 55 9 72 80 83 85 102 120 99 108 103 101 83 110 114 70 84MIN 54 11 56 62 59 62 69 65 65 64 63 60 56 55 73 56 63PCL 49 7 54 59 56 65 71 59 67 57 63 58 56 55 64 49 59CHA-8 ISH 16 5 21 25 33 46 45 51 55 72 70 74 75 84 83 31 41PCL 26 7 30 35 39 52 63 53 59 56 68 63 64 63 70 37 48**KEYISH=Ishikawa samples (Table 4. REE by ALS Chemex, leach by Nittetsu)MIN=MINDECO samples (Table 7. REE by University of Tokyo, leach by Mitsui)PCL=Le Couteur samples (Table 10. REE by ALS Chemex, leach by ALS Chemex)