GREAT NORTHERN VIKING PROJECT

The Great Northern Project is an exploration-stage property with a significant resource base, drill ready targets and potential for near-term resource expansion.

The Great Northern and Viking Projects comprises 2 separate claim blocks (12,675 hectares) and are located that are located near the communities of Sops Arm, Pollard’s Point and Jackson’s Arm, in western Newfoundland and Labrador. The area is accessible by provincial Route 420, which is connected to the Trans-Canada Highway (TCH) 75 km to the south.

About the Great Northern and Viking Projects

• 12,675 hectares along 20 kilometres of strike of a regional-scale gold bearing structure - the Doucer’s Valley Fault (Figure 1);
• Newly Expanded Project is host to large untested gold bearing alteration systems:
  • 1.7 kilometre zone at the Jacksons Arm Trend;
  • 1.4 kilometre long geochemical anomaly at Little Davis Pond Trend; and
  • 3+ kilometre long by up to 40 metre wide deformation and alteration zone at the Viking Trend;
• Host to existing Mineral Resources including:
  • An Inferred Mineral Resource Estimate of 5,460,000 tonnes at an average grade of 1.45 grams per tonne (“g/t”) gold containing 255,000 contained ounces at a cut-off grade of 1.0 g/t gold at the Rattling Brook Deposit; and
  • An Historical Indicated Mineral Resource of 937,000 tonnes at an average grade of 2.09 g/t gold containing 63,000 ounces of gold plus an Historical Inferred Mineral Resource of 350,000 tonnes at an average grade of 1.79 g/t gold containing 20,000 ounces of gold at a cut-off grade of 1.0 g/t gold at the Thor Deposit (see note on Historical Mineral Resources below).

Note: Analytical results in this press release section are sourced in the Great Northern Project Technical Report (2019) and Viking Project Technical Report (2016) - see “Technical Reports and Documentation Notes” below.