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RAMBLER PROJECT

The Rambler Project 100% owned by Fair Haven Resources Inc.is situated between and along the property boundaries of 2 producing mines, the Pine Cove Gold Mine operated by Anaconda Mining (TSX: ANX) and the Ming Copper – Gold Mine operated by Rambler Metals (TSX.V: RAB).

Adding to the strategic importance of the Rambler Project is its location:

Our neighbors Rambler Metals Ming Copper-Gold Mine

The underground Ming Mine currently producing copper and gold is 1 of 5 deposits making up the Rambler Mining Camp which commenced production in 1964 and prior to the current mining operations at the Ming Mine produced 5,000,000 tons grading 2.2% copper with by-product gold, silver and zinc. One of these former producing deposits the Big Rambler Pond Deposit is located on the Rambler Property.

The underground Ming Mine now being mined by Rambler Metals is on the east boundary of Fair Haven’s Rambler Property with current reserves of 8,715,800 tonnes grading 1.70% copper and 0.41g/t gold over a predicted mine life of 20 years.

Our neighbors Anaconda Mining’s Pine Cove Gold Mine

The Pine Cove Gold Mine and Mill Complex is situated along the north boundary of Fair Haven’s Rambler Property and consists of 2 gold deposits. The Pine Cove Deposit from 2011 to early 2018 produced approximately 140,000 ozs of gold was recently mined out and the Stog’er Tight Deposit adjacent to Fair Haven’s Rambler Project is currently being mined. Anaconda reports this deposit to contain 456,000 tonnes grading 3.40 g/t for a total 50,000 ozs of gold.

The Pine Cove Mill Complex consists of a modern 1280 tonnes per day grinding and floatation mill with concentrate leaching, crusher and conveyors and all necessary infrastructure support together with other ancillary structures and roads.

Rich Proven History of Mining since the 1800’s

Fair Haven’s Projects are situated on the Baie Verte Peninsula one of the earliest mining districts in Newfoundland and Eastern North America dating back to the mid 1800’s and the discovery of the Tilt Cove and Terra Nova Copper Deposits in 1857. Commencing with these discoveries the rich mineral resources has maintained the Baie Verte Peninsula as a centre of mining with global significance.

The highly favorable geological setting of volcanic and igneous rocks is host to numerous mineral occurrences of a wide range of commodities including precious metals (gold, silver), base metals (copper, zinc, lead), magmatic sulphides (nickel) and industrial metals (asbestos).

Since mining commenced in the 1850’s the mineral deposits have resulted in a history of continuous mining with 11 past and 2 current operating mines mainly producing copper and gold rich ores. Fair Haven’s Rambler and Goldenville Projects are at the centre of the current mining at the Pine Cove Gold Mine and the Rambler Copper – Gold Ming Mine, both of these mines having common boundaries with both of Fair Haven’s Projects. The Pine Cove Mine is the only gold producing mine in the province and the Ming Mine is one of 5 deposits making up the Rambler Mining Camp which is one of Eastern Canada’s longest active mining camps dating back to the start of production in 1964.

The Tilt Cove Project is situated at the historic Tilt Cove Deposits which were mined intermittently from 1864 to 1967 and recognized as a world-class deposit and an example of copper rich deposits classified as Cyprus Type Deposit. The mines produced very rich copper ores grading up to 12% copper and containing significant by-product gold & nickel. Mining ceased in 1967 due to a cave-in at the West Mine Deposit, the severity of which resulted in the cessation of mining, and since then there has been no effort to resume mining this deposit which also produced 42,425 ounces of gold. Historical records show the deposit extends onto Fair Haven’s Tilt Cove Project which also covers the extension of the Nugget Pond Gold Horizon host to the nearby Nugget Pond Gold Mine which from 1997 to 2000 produced 168,748 ozs of gold at a grade of 10.76 g/t .