Despite this continued global economic and investor uncertainty, signs are pointing to a return of positive sentiment for the resource industry and Tri Origin is well poised to benefit. Recent work has been fruitful and has elevated new prospects to the drill-testing stage. It has uncovered new gold occurrences which warrant a significant amount of additional work. In February 2012, Tri Origin was very pleased to announce that it had entered into an option agreement with Osisko Mining Corporation whereby Osisko will earn interest in Tri Origin’s Red Lake Extension property ("RLX") through funding the next $5.0 million of exploration. TriAusMin has also made significant advances at its exploration and development projects in Australia which bodes well for value to be added to the Company’s investment.

This year promises to see increased activity in the search for gold at all of the Company’s key holdings. Much of this activity will be focussed directly on drilling gold occurrences and high-priority prospects recently identified by the Company’s geological, geophysical and geochemical surveys.

Over the past year Tri Origin’s work continued to build on the technical evidence that indicates the potential for discovery of gold deposits at RLX. To have Osisko share in this belief and contribute their expertise will be of great benefit to upcoming exploration programs. RLX continues to be a strategic landholding in one of Canada's richest gold districts and the Company's work, now supported by Osisko, will continue to evaluate the important mine trend rock units that extend across the property and are host to the nearby Red Lake Gold Mine operated by Goldcorp Inc. Wide-spaced drilling conducted during previous field seasons by Tri Origin has outlined areas on this large property that require detailed ground surveying and follow-up drilling. An aggressive exploration program is now planned for the RLX project, the results of which are eagerly anticipated.

Significant advances were also made at the Sky Lake gold project nearby the historic Pickle Lake Gold Mining District. Additional ground was acquired through staking and property option which now gives Tri Origin the exploration rights to an impressive property position totalling 78 square kilometres.　Gold occurrences have been identified on the property which share important geological characteristics with some of the most prolific gold mines in the Canadian Shield. Most recently, your Company completed ground geophysical and geochemical surveys adjacent to gold occurrences at the east-central part of the property. Very promising targets were delineated. A drilling program was immediately commissioned to test these targets. Drilling has been delayed due to logistical problems related to very mild winter conditions. However, Tri Origin plans to conduct preliminary drilling as soon as conditions permit and to continue to identify new gold targets which will be further evaluated by additional drilling programs during the coming year. It is management’s belief that Sky Lake represents a unique and exciting opportunity for Tri Origin due to its overburden cover, lack of significant exploration in the past yet abundance of gold occurrences.

Tri Origin also received very interesting, and partially unexpected, results from recent work conducted at its North Abitibi property located in one of the world's most prolific metal-producing regions - the Abitibi Greenstone Belt. Promising gold occurrences at the North Abitibi project have been targeted by Tri Origin and the potential of this region has long been recognized by the Company.　 The property is entirely covered by overburden, which has made geological interpretation and evaluation of gold occurrences in the past challenging. Recently, an attempt was made to uncover a gold occurrence known from historic drilling. Its surface projection coincided with a slight rise in topography and fortuitously, excavations made by our geological team were able to expose large areas of altered rock-samples of which contained significant values in gold. The commencement of winter precluded detailed evaluation of this gold zone however work will recommence as soon as equipment can be put in the field. Diamond drilling is warranted at this gold-rich property and plans are being formulated to complete this work.

At all of its projects, your Company is very excited about the prospects for success. All properties have been acquired for reasons consistent with Tri Origin's exploration strategy. They occur in the long shadow of a head frame- meaning that they are within belts of rocks that are well-mineralized and have a history of mineral production. The rocks comprising the property share geological characteristics of rocks hosting major producing mines. Previous exploration was ineffective due to overburden cover or use of inappropriate techniques. Initial land positions are large and 100%-owned to allow, if successful, the discovery of a new mine and also potentially a new district. Simply put, the coming year will see your Company in full stride to explore previously overlooked, large land positions in well-mineralized regions.

Tri Origin is pleased to hold indirect interest in exploration and development projects in Australia through its 29 million share equity ownership in affiliate company, TriAusMin, which is listed on both the Australian Securities Exchange and the Toronto Stock Exchange. In March, TriAusMin announced that its Board approved the development of its Woodlawn Tailings Re-treatment project subject to securing satisfactory financing arrangements and statutory approvals. On April 2, 2012, TriAusMin announced that a number of high grade base and precious metal mineralized zones were intersected in the first hole completed at TriAusMin’s Woodlawn Underground project. These intersections are a very positive step in TriAusMin’s goal of re-establishing production from the Woodlawn Underground Mine. Another highlight of the past year was the appointment of Wayne Taylor to the position of Managing Director. Wayne has substantial industry experience with his last 6 years being spent with Glencore Inc. Under his capable leadership, we look forward to a solid year of growth ahead for TriAusMin and its reflection into share value for Tri Origin’s shareholders.

TriAusMin's major mineral resource-based assets are located in the Lachlan Fold Belt of New South Wales and include; Woodlawn - a significant past-producing mining district and, Lewis Ponds located at the centre of a re-emerging and productive gold district. TriAusMin has a dedicated strategy to; develop its substantial zinc, copper, lead and silver reserves at the Woodlawn Re-treatment Project, evaluate the economic potential to re-develop the Woodlawn underground mine, add to the resource base at Lewis Ponds and continue to focus exploration programmes on substantial gold and base metal assets at its other tenements. Tri Origin believes that the successful execution of these projects by TriAusMin will translate to increased value for Tri Origin's shareholders.

Tri Origin remains focused on its mission to create wealth for shareholders by increasing its gold and base metal resources per share through the successful exploration and subsequent development of gold and base metal deposits. Your Company intends to accomplish this by encouraging a culture of technical excellence, environmental best practice and accountability. As always, I look forward to the year ahead. I would like to commend all members of Tri Origin’s staff for their great work and enthusiasm and thank shareholders for their continued support.

Robert I. Valliant

President & CEO