Martin Dallaire is the president and CEO of Visible Gold as well as the sister exploration company Fieldex Exploration. Dallaire has 10 years worth of financial experience under his belt and specializes in managing and financing junior mining companies. The majority of his experience has played a critical role in the planning and structuring of the company and he has aided Visible Gold in obtaining both public and private financing for exploratory mining ventures. Martin is accompanied by Sylvain Champagne in the Finance chair and the two of them are responsible for running Visible Gold and Fieldex Exploration together.

The company was incorporated at the beginning of 2007 and was solely owned by Fieldex Exploration before they went public. During the onset, Visible gold acquired just shy of 2000 hectares of land in the Kipawa region of Quebec. Owning 100% of the mining rights, they began exploration and drilling of the entire area. The Rapide-Elliot project was born when they entered into the agreement with two private companies, and they have been producing an average of 2.0g/T of gold as well as high yields of Uranium. Further exploration and drilling is taking place to the south of the property, where the project is being run by Aurizon Mines. They are also performing a geophysical survey to optimize their drilling targets.

Hazeur is a second property acquired by Fieldex at the beginning of the third quarter of 2006 and it produces promising yields that vary from 1.00g/T right through to 34.00g/T. Comprising a massive 147 mineral claims within the 2382 hectares of land, all of which are in effect and producing solid yields. No work is currently being done on the property. However, the previous drilling has helped identify several low priority targets that they will consider at a later stage.

There is also the Silidor-Capricorne Project, which hosts the former Silidor Gold mines that ceased production in the middle of 1997 due to depletion. The site used to have an average yield 5.1 g/T. The site is now solely owned by Visible Gold and was acquired for an absolute steal. The good news is that a number of new zones have been discovered in the region and they are looking forward to some positive results after completing their current surveys. Vein E was discovered just under a kilometer away from the old Silidor mine and they look to prove the potentials with substantial drilling. Capricorne is 40% owned and hosts a copper flex deposit as well as a number of gold and VMS deposits throughout the area. The site lies adjacent to Silidor and comprises 18 claims in total. The property was purchased for a mere $30, 000.

The flagship property is the Stadacona East project. Explored since the 1920’s, it has been owned by a number of prominent mining companies such as Ressources Minieres Forbex incorporated and Cambior Incorporated being the respective predecessors to Visible Gold’s acquisition in 2007. Over 8 million has been spent on drilling and exploration to identify new targets around the property since the acquisition form the company. 2008 and 2009 saw 11 holes, with just under 11 000 meters drilled, which helped identify 18 new targets, of which 6 have been prioritized because of promising results. 65 000 meters have been drilled on the property, totaling 264 holes, allowing them to consider a pre-feasibility study during this coming year. A resources calculation is due to be released sometime in March 2011, along with their NI 43-101.

Taking a look at the financials of Visible Gold you will notice some interesting things happening of late. The second quarter saw a significant increase in their cash holdings from the previous quarter. The impressive jump almost reached the 5 million mark in the 3 month period. They saw a higher net loss for the quarter but regardless of the current losses, the biggest thing to consider is that the company is still maintaining itself under its current circumstance, even though they haven’t begun with commercial production as yet. They do not receive any revenue from their current activities, however there is a small portion coming in from the cash reserves.

Essentially the company is still in the early stages of development and is certainly looking promising for the future. Robert Sansfaçon is their head geologist and is a specialist in gold. Aside from a Baccalaureates degree in Geology and a Masters degree in earth sciences, he has also acquired 30 years worth of experience to his name and always goes for the high tonnage locations with the most promising yields. He is more reputably known for heading a number of government projects in Canada as well as being implicated in the exploration of gold and heavy metals in Russia.

Visible Gold is backed by a solid management team with a sensible head about them. They have done well to acquire properties at cost effective rates, and primarily focused on reducing the drilling costs to help stay afloat while they are still in the exploration stage. They have managed to keep their drilling cost as low as $47/m as opposed to the average $120/m. The cost of Labor and logistics are far cheaper than other regions, and they also receive a drilling subsidy from the provincial government of Quebec. For every $1.00 spent they receive $0.43 subsidy in return, essentially reducing costs and allowing their expenses to go a lot further.

Over all, the stocks are looking good for the company and this may be a good one to hold for the long term. Cash flow is helping to finance the running of the operation and shareholders will be on the lookout for a boost in prices when the feasibility results are released.

For more information:

http://www.visiblegoldmines.com

HEAD OFFICE

139, Quebec Avenue

Suite 202

Rouyn-Noranda (Quebec)

Canada, J9X 6M8

Tel : 819-762-0609

Fax : 819-762-0097