NW Tech Capital, Inc. (NWTT)

[Dragonwing]

Technical report on the New Millennium Property

December 9, 2004

This report is formally an Independent Technical Report prepared to Canadian National Instrument 43-101 standards.

INTERPRETATIONS AND CONCLUSIONS

The systematic exploration work completed to date on the New Millennium Property has been confined to the Alcona Mine and the northwest extension. Two other gold bearing zones some distance away from the mine area have been located and sampled. This sampling was not all carried out or confirmed by the author. Location maps and analytical certificates are available for most of these samples and the undersigned has visited and located many of the sample sites. Individual sites were not re-sampled by MPH so these specific samples results, although considered reasonable, are unconfirmed. The gold showings also occur in association with extensive alteration phenomena that may be associated with substantial gold deposits.

To date there are no known records of modern multidisciplinary exploration work outside of the mine area. Even the showings unearthed by prospector Joe Riives could be further opened up and more systematically sampled by channel rather than grab sampling. It is therefore apparent that the New Millennium Project has significant untested exploration potential that may be readily evaluated by as yet untried modem methods. The favorable location of the property vis a vis accessibility and exploration expertise should allow such work to be completed inexpensively by Canadian standards.

MPH concludes that the New Millennium Property of the Company represents a good opportunity to explore for gold in an area containing several known showings. Two of the three main showings and the intervening areas between them have not been explored by state of the art methods. It is concluded that the application of synch methods is fully warranted and justified.

Technical report on the New Millennium Property