Region:		Western Australia
Commodity:		Au
Project Name & Location:		Fraser Range North
Target Deposit Type & Model:		>1 million ounce intrusion related gold
Land Status:		3 Exploration Licences
Ownership:		Triton 100% (Part of the Tropicana Alliance Agreement with between Teck and Triton)

Triton’s Fraser Range North Project comprises 3 granted exploration licenses along the southern margin of the Fraser Ranges, about 150 km north east of Norseman and 275 km southwest of AngloGold Ashanti / Independence Group's Joint Venture Tropicana Discovery.

The tenements are also approximately 60km southwest of, and interpreted to be along strike from, AngloGold Ashanti/Independence Group's Beachcomber Prospect, where 1km x 200m spaced AC drilling intersected 3m @ 65.8g/t from 25m (see Idependence Group NL Quarterly report Dec-2006 at www.igo.com.au). The Fraser Range North tenements are subject to the Tropicana Alliance Agreement with Teck Australia Ltd.

The project was pegged by Triton as a grass roots project based on generative assessment of the highly prospective Albany-Fraser region. The project area comprises approximately 775km2 of the Yilgarn Craton-Fraser Range Mobile Belt Collision Zone, in the south eastern part of Western Australia. For more information on the prospectivity of the region please refer to the Albany-Fraser Projects page.

Access is via the Baldonia road east from Norseman. Tenure occurs variously as open scrub and brush land, with substantial outcrop in the area of the Fraser Ranges at the southern part of the project area.

Figure 1: Location plan for Fraser Range North tenements over combined gravity (colour) and magnetics (texture) image.

Project Highlights

• 775km2, located in the Albany-Fraser province of WA
• First pass Air Core drilling returned two significant intercepts of 1m @ 1.38g/t Au from 49m and 1m @ 1.19g/t Au from 53m

Other areas of early stage anomalism require further investigation.

PROJECT STATUS
The significant intersections are both from the Similkameen Prospect area where several other low level but elevated gold values (>5ppb Au) were returned from composite samples (See Figures 2 and 3). The Company considers these results to be extremely significant given the early stage of exploration, and comparable to recently reported results by other explorers in the province.

The first pass drilling program at the southern anomaly was completed at 400m line spacing, and 200m hole spacings. It is planned to infill this drilling coverage to outline supergene target zones for potential Reverse Circulation drill testing of the primary sources of gold mineralisation. It is also planned to extend line coverage to both the north and south of those currently drilled. The infill and extension Air Core program is anticipated for May/June 2009.

Figure 2: Location of drill holes in the Fraser Range North Similkameen prospect area showing maximum gold values in ppb for each hole over a total magnetic intensity image.

Figure 3: 6496760N drill section showing the significant gold intersection of 1.7g/t

The Company considers these results to be extremely significant given the early stage of exploration, and comparable to recently reported results by other explorers in the province.

¹ 1m re-splits were collected where 4m composite samples returned anomalous gold values. Samples were submitted for analysis for Au (gold) to Genalysis in Kalgoorlie (re-splits assayed for gold by fire assay followed by graphite furnace atomic absorption spectrometry, detection limit 1ppb). Re-splits were collected using a metal scoop by Company staff from 1m samples laid out on the ground by the drilling contractors. All samples were bagged, checked and sealed on site and then transported to the Kalgoorlie Genalysis sample preparation facility, by Company staff.