Newport Gold, Inc.

Newport Gold, Inc. is a pre-exploration stage company incorporated on July 16, 2003, in Nevada, involved in acquiring, exploring, and developing mineral and energy properties. The company operates through two wholly-owned Canadian subsidiaries: 2038052 Ontario Inc., incorporated in Ontario, and NPG Mining Corp., incorporated in British Columbia. Its principal executive offices are located in Collingwood, Ontario, Canada. The company's business focuses on mining properties, specifically the Burnt Basin mineral claims in British Columbia, Canada. On July 21, 2003, Newport Gold, Inc. entered into an option agreement to acquire these claims, which are situated approximately 25 kilometers northeast of Grand Forks, British Columbia. The Burnt Basin property spans an area of 1694 hectares and consists of 10 mineral claims. Under the option agreement, the company acquired a 100% undivided interest in the property. This acquisition involved cash and share payments totaling $17,000, the issuance of 225,000 shares of common stock, and incurring exploration expenses totaling CDN $250,000. The property is subject to a 1% Net Smelter Return (NSR) royalty, payable to John Carson, capped at CDN $250,000, with annual CDN $10,000 prepaid NSR payments commencing in September 2003.