Mann Platinum/Palladium Project, Ontario, Canada

On November 9, 2000, Tres-Or Resources Ltd. (“Tres-Or”) announced that Broadlands Resources, Ltd. (“Broadlands”) signed a Letter Agreement to earn 50% interest in the Mann platinum/palladium property from Tres-Or. The Letter Agreement requires Broadlands to make cash payments of $8,000 ($3,000 paid) and issue 150,000 shares of the common stock of  Broadlands to  Tres-Or upon receipt by the Company of acceptance and approval of the Letter Agreement by the Canadian Venture Exchange. 

To earn its 50% interest in the Mann property, Broadlands has committed to expend $100,000 in exploration expenses by       April 30, 2001 by completing Phases I and II of the proposed exploration programs.  Contingent on the results obtained in the first phases of exploration, Broadlands has agreed to expend an additional $300,000 in exploration expenses between April 30, 2001 and April 30, 2003, with and additional $350,000 in exploration expenses or feasibility studies within twelve months from April 30, 2003. Broadlands as the option to accelerate the exploration work commitments based on receipt of positive results.  Broadlands will make regular scheduled property payments to Tres-Or with the first payment due on April 30, 2001 and the last payment due on April 30, 2003 for total cash payments of $60,000.

Tres-Or will be the Operator on the project until Broadlands is vested with respect to earning its 50% interest.  Once the 50% interest is earned by Broadlands, the parties will form a Management Committee represented by a minimum of two parties from each company and a Joint Venture Agreement will be completed.  To be stipulated in the formal Joint Venture Agreement, Broadlands has been granted by Tres-Or a one time right to earn an additional 25% interest for a payment to Tres-Or of $1,200,000 any time up until the first anniversary date of regulatory approval of the Joint Venture Agreement.  The Joint Venture will require equal participation and should one of the parties fail to participate equally, this party’s interest will be diluted on a standard dilution formula to be incorporated into the Joint Venture Agreement.  The joint Management Committee formed will determine the rate of expenditures contingent upon results obtained during the exploration activities carried out to earn the 50% interest.  The property is subject to a 3% Net Smelter Return (NSR), from which 1% can be purchased by Tres-Or for the sum of $1,000,000. 

The Mann property consists of 19 contiguous claim units (304 hectares) covering part of a large mafic/ultramafic complex located in Mann and Duff Townships, approximately 47 kilometres northeast of Timmins, Ontario. The property is situated within the Mann complex, a mafic/ultramafic layered intrusion which hosts Platinum Group Elements (PGE) and copper-nickel sulphide mineralization.  Recent geological studies have identified significant in-situ PGE mineralization on the Mann Project. PGE values in both channel samples and diamond drill core have returned highly anomalous assay results (up to 3.2 gm/tonne PGE + gold). 

The PGE mineralization is hosted within ultramafic rocks including clinopyroxenite and peridotite.  According to Good (1999), “the close special association of hydrothermal clinopyroxene, chlorite, and sulphides plus platinum-group minerals implies a hydrothermal origin for the PGE mineralization.  The apparent controls on the transport and deposition of PGE are similar to those of other PGE deposits of hydrothermal origin, such as the platiniferous pipes of the Bushveld Complex.”

The Company is very encouraged by the highly anomalous PGE values obtained in preliminary sampling on the Mann Project.  The Mann property has received limited exploration for a variety of commodities over the past twenty years.  Recent field investigations sponsored by the Ontario Geological Survey have identified PGE mineralization (>150 ppb PGE + Au) over considerable widths.  The mineralization is characterized by platinum and palladium values of up to 1.1 grams/tonne with local high Pt/Pd ratios, and anomalous nickel, copper and cobalt values.  A two phase exploration program is planned to evaluate the PGE potential and nickel-copper sulphide potential of the property.  

Shallow River, Shallow River East and Botany Base Metal Project, Ontario, Canada

Recent exploration programs carried out by the Company on the Shallow River Project have successfully outlined a felsic volcanic horizon, approximately 400 metres wide which hosts a number of strong airborne EM anomalies.  The properties are located approximately 65 kilometres northwest of Kirkland Lake, Ontario, and cover largely underexplored southeast trending package of felsic volcanic, mafic volcanic and sedimentary rocks.  Diamond drilling in the prospective horizon identified a rhyolite porphyry unit with anomalous zinc mineralization. Two diamond drill holes, 75 metres apart along the same section on the Shallow River property returned 1.0% Zn, 0.02% Cu, 0.28% Pb over 6.9 metres and 1.01% Zn, 0.02% Cu, 0.19% Pb over 5.0 metres, including 2.55% Zn over 1.0 metre. Previous drilling to the west, intersected 1.5% Cu over 0.9 metres.  Moderate to strong CaO depletion identified in the rhyolite porphyry may be indicative of a semi-conformable alteration zone related to a volcanogenic massive sulphide (VMS) alteration system.  The prospective zinc-bearing felsic volcanic horizon has been identified over eight kilometres of property length and remains open along strike.

Ground geophysical exploration programs carried out on the Shallow River East property have outlined a continuous conductor running through the Shallow River East grid (approximately 2.4 kilometres in length).  Also, a "quadrature only" HLEM response was identified on the Botany project, co-incident with an airborne EM anomaly and a strong geobotanical anomaly that extends for 1.6 kilometres and has returned values up to 22,100 ppm zinc (Zn). 

Further exploration is recommended to evaluate the base metal potential of the Shallow River, Shallow River East and Botany properties.  A multi-phase exploration program including detailed mapping, prospecting, additional geophysical surveys and diamond drilling is proposed to evaluate the potential for VMS mineralization.   An initial diamond drill exploration program will commence on the Botany Option in late January 2001.  The Company is actively pursuing joint venture participation in the project.

El Jazmin Project, Chihuahua, Mexico

On September 24, 2000 the Company announced the termination of an Option Agreement to acquire an interest in a Mexican property from VendTek Systems Inc. (formally EAV Ventures Corp.).  Tres-Or opted to terminate the agreement pursuant to paragraph 12 of the Option Agreement and Amendment Agreement and has no further obligations.  The Company’s wholly owned Mexican company, Minera Tres-Or S.A.de C.V. is a fully registered incorporated company with the Dirección General de Minas.  The Company is continuing to review project opportunities in Mexico.

On November 20, 2000, the Company announced a non-brokered private placement of up to 1,200,000 units of the Company at $0.10 per unit.  Each unit consists of one common share and one non-transferable share purchase warrant.  Each share purchase warrant can be exercised to acquire one common share of the Company for a period of two years at an exercise price of $0.10 per share during the first year and at an exercise price of $0.20 per share in the second year

On January 19, 2000, the Company announced an amendment to the November 20, 2000 financing by including a flow-through private placement consisting of up to 750,000 flow through units of the Company at the price of $0.10 per unit.  Each unit consists of one flow-through common share and one non-transferable share purchase warrant.  Each share purchase warrant can be exercised to acquire one flow-through common share of the Company for a period of one year at an exercise price of $0.15 per share.  The Company will use the proceeds form the private placements to advance exploration of its Ontario mineral properties and for general working capital. The private placement is subject to the approval of the Canadian Venture Exchange.

Shareholders holding more than 5% of the issued and outstanding securities of the Company upon the closing of this private placement will include Mr. Gareth E. Mason, Director and Mr. N. Reid Toreson, Director.

In addition, the Company announced that 120,000 flow-through warrants at a price of $0.15 per flow-through share, purchased pursuant to agreements dated December 31, 1999, have been exercised for net proceeds to the Company of $18,000.  The Company will use the proceeds towards an initial diamond drill exploration program on its Botany base metal project located 65 kilometres northwest of Kirkland Lake, Ontario.

The Company does not have any investor relations contracts.  Investor relations is managed by the Directors and includes daily contact with shareholders and attendance at industry conferences and trade shows.  Other investor relations activities include maintaining the Company’s web site, preparation and dissemination of documentation packages.