Location: The Destiny Gold Project is located approximately 75 km north of Val d'Or in the Abitibi-Témiscamingue region of Québec.

Access: The property is road accessible, and excellent mining infrastructure and support facilities are available in nearby Val d'Or.

Property: The property consists of 175 mining claims totalling 7260 ha. The claims are held 100% by Alto Ventures Ltd. Certain claims comprising the property are subject to underlying net smelter return royalties ranging from 1% to 3.5%, with varying buy-back provisions. Details of the underlying NSR's are available here.

Please click HERE to view the NI 43-101 Technical Report,  prepared by W.A. Hubacheck Consultants Ltd., January 2007, for Alto Ventures.

Terms of the Option Agreement: PFN can earn a 60% interest in the Destiny Gold Property over a four year period by completing $3,500,000 in exploration expenditures, paying Alto Ventures Ltd $200,000, and providing Alto with 250,000 common shares of PFN. Subsequent to vesting of its interest, PFN will form a joint venture with Alto to further develop the project.

Geology: The Destiny Gold property is underlain by Archean metavolcanic and metasedimentary rocks of the Abitibi Greenstone Belt. A regional scale structure, the Despinassy shear zone, transects the property. High grade gold mineralization occurs in quartz veins and alteration zones associated with this structure. Mineralization has been identified in several locations along the Despinassy shear zone on the property over a strike distance of about 4 km.

The main area of mineralization, the DAC zone, occurs over a strike length of about 600 metres. In this area, four to five identifiable intervals of quartz veining and shear-related alteration zones carry high grade gold mineralization, with drill intersections ranging up to 178.5 g/t gold over a drill width of 1.0 metres. The DAC zone hosts a NI 43-101 compliant indicated resource of 166,863 tonnes grading 6.88 g/t gold (36,892 ounces) and an inferred resource of 444,753 tonnes grading 4.46 g/t gold (63,839 ounces) as calculated by W.A. Hubacheck Consultants Ltd. in 2007 (see "A Resource Estimate of the DAC Gold Deposit, Despinassy Twp., Val d'Or, Quebec" dated January 9, 2007 available on the Alto Ventures Ltd. website). The DAC zone is open along strike and at depth. The occurrence of high grade mineralization at the Darla and 20 and 21 zones to the east clearly indicates that the mineralizing system occurs across a significant portion of the property.

2009/10 Work Program: PFN has allocated a $600,000 budget to the Destiny Gold Project for 2009. The majority of the work to be completed will be infill and step-out drilling to expand the known resources at the DAC zone. This will be followed by an updated resource estimate to be completed in late 2009 or early 2010. The work program will be managed by Alto Ventures Ltd. For an update on recent drilling programs, please refer to our press releases