Cumberland Resources Ltd. recently arranged a Cdn$87 million equity financing to develop the Company’s Meadowbank Gold Project located within 160km’s of the southern end of Committee Bay Resources Ltd.’s Greenstone Belt Project in Nunavut. Meadowbank, host to Canada’s largest known pure gold open pit gold reserves, is forecast to produce an average of 330,000 ounces of gold per year over an eight year mine life. This is great news as it reinforces that the financial community sees true economic potential in Canada’s north.