To: Carter B who wrote (11571 ) 3/4/2003 3:39:16 PM From: Al Collard Respond to of 11802 UNO-v ...in the news:First Narrows acquires 50% option on Golden Ridge Tue 4 Mar 2003 News Release Mr. Peter Gummer reports FIRST NARROWS RESOURCES CORP. ANNOUNCES ACCEPTANCE OF FILING ON GOLDEN RIDGE PROPERTY The TSX Venture Exchange has accepted for filing an option agreement, dated Dec. 16, 2002, between First Narrows Resources and Freewest Resources Canada Inc. (the vendor) announced in Stockwatch on Jan. 7, 2002. The company has the option to acquire a 50-per-cent interest in the Golden Ridge gold property, located 80 kilometres west of the city of Fredericton, N.B., and which consists of 170 contiguous mineral claims covering 2,720 hectares. The property encompasses a large 4.5-kilometre-by-1.5-kilometre intermediate dacitic to basaltic volcanic-subvolcanic complex, the Poplar Mountain volcanic complex, emplaced within a sequence of sedimentary rocks. The volcanic-subvolcanic complex and the sedimentary country rocks are cut by several younger northwest structural zones that are mineralized with gold, antimony and arsenopyrite in a corridor up to 700 metres wide by greater than 1.7 kilometres in length. It is characterized by an Au-As-Sb-Hg association, indicative of an epithermal style of mineralization. Preliminary soil geochemical and induced polarization surveys conducted in 1997 and 1998 by Freewest defined numerous anomalies, three of which were drilled. One of the better drill hole intercepts (hole No. 10) assayed 5.3 grams per tonne gold over 4.2 metres in a quartz flooded dilatent zone with 5 per cent pyrite, arsenopyrite and stibnite at a vertical depth of 115 metres. The gold zone is part of a wider, lower-grade zone that assayed 2.5 grams per tonne gold over 13.5 metres, and it is open at depth and on trend in both directions. None of the gold zones were assayed for antimony. It is now recognized that antimony may be economically recoverable from the mineralized structures on the property. Flanking and lying 250 metres to the west of the above gold (plus antimony) mineralized system is a strong antimony soil geochemical anomaly 300 metres in length and open to the northwest and southeast. A grab sample from a boulder coincident with the soil geochemical anomaly, mineralized with stibnite and native antimony, assayed 25.2 per cent antimony and 0.34 gram per tonne gold. This vein system has clear potential for a well-developed zone of antimony mineralization. Boulders of banded/bedded volcanogenic massive sulphide-type massive sulphides have been discovered on the property approximately two kilometres northeast of the gold (plus antimony) mineralized structural corridor. The boulders, which returned high-grade assays up to 20.9 per cent zinc, 15.6 per cent lead, 224 grams per tonne silver and 8.4 grams per tonne gold, occur in an area underlain by volcanic rocks of dacitic to basaltic composition believed to be coeval and equivalent to the subvolcanic complex that hosts much of the gold mineralization. Clasts of similar-grade massive sulphides have been found in volcanic rocks lying on trend from the boulders. The boulders are believed to be proximal to their bedrock source, which is expected to respond well to electromagnetic and magnetic geophysical surveys. The company has currently awaiting completion of a technical report on the property in accordance with National Instrument 43-101. Management continues to seek similar mineral properties that offer opportunities for early success and that are attainable on favourable business terms.