Region:		Albany Fraser
Commodity:		Au
Project Name & Location:		Various – see individual projects for more detail
Target Deposit Type & Model:		>1 million ounce intrusion related gold
Land Status:		Various – see individual projects for more detail
Ownership:		Area covered by Tropicana Alliance Agreement between Teck-Cominco and Triton

The Yilgarn Craton-Fraser Range Mobile Belt Collision Zone, in the south-eastern part of Western Australia is a key geological area for the Company. The Company currently holds one of the largest prospective gold positions in the Albany Fraser province of WA, behind companies such as AngloGold-Ashanti and Independence Group. The Company’s Albany-Fraser projects - Fraser Range North, Salmon Gums and Cundeelee - located within the same mineral belt as the >5Moz Tropicana/Havana deposit, will be a core focus for exploration.

Figure 1: Location plan for Triton’s Albany Fraser tenements over combined gravity (colour) and magnetics (texture) image

Conceptual Target Play for Tropicana Style Mineralization
The Company considers its Albany Fraser Projects to be  conceptual target plays, as was Tropicana, and will be exploring for a similar style of mineralization. Drilling at Tropicana intersected gold mineralization associated with intense pyritic and sericitic hydrothermal alteration cross-cutting a package of metamorphic rocks (See Tropicana JV Update 18-Aug-2005 at www.igo.com.au). The AngloGold Ashanti / Independence Group JV are targeting a multi-million ounce gold deposits and announced an Australasian Joint Ore Reserves Committee (JORC)-compliant resource in January 2009 of 5.01Moz Au (75.3Mt @ 2.07g/t Au at a 0.6g/t Au cut-off) (See Independence Group NL news release 23-Jan-2009 at www.igo.com.au).

Triton is in the process of completing early stage exploration on the three Albany Fraser projects using near surface carbonate sampling to assess the project area's prospectivity, followed by wide spaced Air Core drill testing of the resultant soil anomalies.

PROJECTS BORDER ANGLOGOLD ASHANTI'S HOLDINGS
The Company's tenements all abut various parts of AngloGold-Ashanti's tenement holding in the area (see Figure 2). The Tropicana Prospect was discovered using Air Core drilling that followed up on surface gold anomalies, delineated from geochemical sampling that was completed over AngloGold-Ashanti and Independence Group's land package (See Tropicana JV Update (4-Jul-06) at www.igo.com.au).

Figure 2: Triton’s tenements location relative to the extent of AngloGold Ashanti and Independence Group's tenements

Figure 3: Schematic cross-section showing target model for the Albany Fraser Projects, regionally located close to the leading edge of the Albany-Fraser Mobile Belt which on-laps onto the Archaean Yilgarn craton. Crustal thickening and magmatism along the suture may be important in the ore forming