Five Stars Project

The Five Stars project is a twenty square mile project with several known historical gold bearing zones.  This Gold Project produced the largest nugget in Guyanese history at 236 ounces.  Mining activity continues on the project with approximately 85 miners operating six suction dredges and utilizing gravity recovery for gold production. The Government of Guyana granted StrataGold Corporation (TSX: SGV) and Newmont Mining Corporation (TSX: NMC) the million acre Barama Recee Reconnaissance Permit. The Five Stars Project is strategically located 40 kilometers to the west of StrataGold's Tassawini Gold Project.

Extensive geochemical sampling was completed by HGB Ventures in 1999. The stream sampling and grab sampling program covered 77% of the project area with 1,114 total samples taken. An integration of the various multi-disciplined geological, geophysical and geochemical techniques has defined zones of gold mineralization within the exploration area. The exploration model for this terrain is for large, low grade, granitoid hosted or related deposits, amenable to open cast, bulk mining techniques. The best gold sampling response was obtained from a zone extending from the southwest corner of the license to the central Green Hill area. This covers the area of most of the alluvial mining activity. All of the anomalous values have occurred within the greenstone rocks within the project area. Further soil sampling, geological mapping, rock sampling and trenching will identify the most promising targets for drilling.

Five Stars Re-Negotiation - News Release July 8, 2008

Gold Port has negotiated more favourable terms for the Option to Purchase the Five Stars Project. The new terms include a $ U.S. 5,000 payment to the owner, Case Development Corp., and the maintenance of the project. Further payments of $ U.S. 25,000 will be due at the end of year one, two and three, with a cash payment of $ U.S. 50,000 due at the end of year four and a final cash payment of $ U.S. 100,000 due at the end of year five. Case Development Corp. will maintain a 2% Net Smelter Royalty on the project, which may be purchased for $ U.S. 2,000,000. The Company will issue to Case Development Corp., one million surplus securities which will be subject to a five year escrow agreement. If the project option is terminated prior to conclusion, any shares not issued out of escrow during the course of the agreement will be cancelled. Terms of the agreement are subject to the approval of the TSX Venture Exchange.

Five Stars Exploration Program

The Guyana Geology and Mines Commission (GGMC) sponsored a program at the Five Stars Project to conduct stream sediment and auger sampling in late 2006/early 2007.  The program is now complete.   The objective of the program was to confirm and expand upon the known gold in soil zones.   Gold Port is waiting for more than 900 samples to be assayed.  Results will be used to define a phase one exploration program.