North Madsen Properties

The North Madsen Project is comprised of the Laverty E. My- Ritt and Skookum properties located in the heart of the prolific Red Lake Gold Camp. The project is a near surface quartz tourmaline and shear hosted Archean gold deposit.

Mega drilled >30K metres from January 2010 to September 2011. Currently there are 7 known mineralized zones all within the top 250 metres from surface.

September 21, 2011 Mega announced the significant increase of its gold resources at the North Madsen project.

MEGA September 20, 2011 North Madsen Mineral Resource Estimate
Classification	Tonnes	Gold Grade (grams/tonne)	Contained Ounces
Measured (M)	19,638,140	1.27	803,886
Indicated (I)	3,838,000	1.08	133,281
Sub Total (M+I)	23,476,140	1.24	937,167
Inferred	11,486,000	1.03	379,026

The estimates are in-situ and undiluted and figures are rounded
Resource model is using a 0.5 g/tonne cut off for Main Zone, Laverty and Buffalo West Extension zones

Resource Update Highlights:

Sensitivity analysis indicates robust economics, excellent potential to improve resource grades at lower gold prices and higher cut off grades;
resources remain open at depth and along strike; and
potential for further resource additions in nearby areas is excellent.

Laverty Property, Red Lake, Ontario

On Feb. 2, 2009, Skybridge Development Corp. (Mega’s wholly-owned subsidiary) closed the option-purchase agreement with Mosquito Consolidated Gold Mines Limited to earn the exclusive right and option to acquire a 100% title and interest in the Laverty claim. Mega is exploring the property, located 1.5km west of the town site of Red Lake, Ontario and consists of six (6) patented mining claims totaling approximately 240 acres.

The acquisition is contiguous with the historic Hasaga and Howey gold mine properties which produced approximately 640,000 ounces of gold within similar host rock to those located on the Laverty property. Historic exploration on the Laverty Property has confirmed the presence of extensive near-surface gold mineralization. According to government assessment files reviewed by the Company, significant near surface and laterally continuous gold values were intersected in historic drilling on the Property.

East My-Ritt Property, Red Lake, Ontario

On June 3, 2009 Mega closed the agreement in respect of an option to acquire a 100% interest in the East My-Ritt with Premier Gold Mines Limited and Sabina Silver Corporation. Mega is exploring the property, located 1.5km west of the town site of Red Lake, Ontario and consists of eight (8) patented mining claims totaling approximately 320 acres.

The acquisition is contiguous with Mega Laverty Property and adjacent to the historic Hasaga and Howey gold mine properties which produced approximately 640,000 ounces of gold within similar host rock to those located on the East My-Ritt and Laverty claims.