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United Reef continued to expand its compilation of technical data on the Kennetcook (Windsor) Basin in north-central Nova Scotia and staked additional claims in Hants County during January and February, 2008 to cover additional areas of interest. United Reef has allowed certain of the claims to lapse and has applied to renew 11 mineral licences consisting of 187 claims covering an area of approximately 30km 2. The Windsor Basin limestones which underlie the predominantly till covered basin, are prospective for base metals (Pb, Zn, Cu) and Ag. The past-producing Walton Mine deposit (10 km NW) and the producing Gays River Mine (30 km SE) are hosted in similar Windsor carbonates. The historic Walton River Pb occurrence and a Gulf Minerals' drill hole (in 1975) with un-assayed Fe-sulphide-rich and hematized core sections are both adjacent to total magnetic intensity (TMI) anomalies situated in the claim area. Technical data compilation for the Kennetcook Basin has revealed several areas adjacent to TMI anomalies and localized along NW-trending faults are known to be prospective for base metal (Pb, Zn) mineralization, including the Walton Mine deposit which also produced 4.4 Mt of barite.

United Reef's initial interest in the project area was inspired by a prominent 12-km long by 200 to 300 m wide positive magnetic channel anomaly extending from the Rawdon Hills gold belt to the south towards the centre of the sedimentary basin to the north. This magnetic anomaly was initially observed on a TMI image derived from an aeromagnetic survey undertaken for hydrocarbon exploration in 2001 by Northstar Energy, Inc. United Reef confirmed the location and intensity of the anomaly via a ground magnetic survey completed in March 2007. During the summer of 2007, United Reef undertook a 4-hole, 2-fence drill program to test a 3-km portion of the magnetic anomaly in four vertical holes totalling 503 ft. (153.3 m). The maximum depth drilled (all within basin till) was 165 ft (50.3 m) and bedrock was not encountered in any of the holes. The depth of the magnetic source remains unknown, efforts to obtain the original geophysical data from the 2001 aeromagnetic survey have been unsuccessful. However, interpretation of the magnetic intensity profiles obtained from the ground survey in March 2007 suggests a depth to the top of the magnetic body of between 80 and 96 metres.

United Reef carried out additional prospecting and a follow-up ground magnetic survey during July and August, 2008 to confirm the extension of the channel anomaly to the north and attempt to confirm the location and size of other large positive TMI anomalies. These anomalies appear as NW-trending magnetic linears coincident or adjacent to fault structures in the project area. The ground survey was successful in confirming the presence of the channel anomaly over a length of +10 kms and widths of 200 to 300 metres. Data obtained over the other anomalous features were inconclusive. United Reef is continuing to evaluate the property.