The group's principal activity is diamond exploration. The company has recently assembled and acquired 2 highly prospective Canadian diamond exploration properties in Ontario and Nunavut. Ripple Lake completed a successful Initial Public Offering in January 2005 following a highly successful Phase One exploration program at both properties. Based on the encouraging Phase One results, the Company has expanded the claim areas at both properties. The Company has now commenced its summer 2005 exploration program. Current exploration activities include additional detailed sampling and aero magnetic surveys to determine drill targets at both properties.