CHARLOTTE PROPERTY

The Charlotte property shares a similar geological setting and mineralization

style & tenor as Klaza

Charlotte Property is adjacent to the Klaza Project (Rockhaven Resources Inc.)

• 2020 positive PEA for Klaza contemplates production of 750,000 oz Au & 13.8M oz Ag over 12 years
• Updated 2018 Mineral Resources at Klaza (open pit & underground)
• Indicated Resources: 4.5 Mt @ 4.8 g/t gold & 98 g/t Ag
• Inferred Resources: 5.7 Mt @ 2.8 g/t gold & 76 g/t Ag

*Note: The PEA for Klaza is available at rockhavenresources.com. The PEA is preliminary in nature and includes inferred Mineral Resources that are too speculative geologically to have the economic consideration applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that the results of the PEA will be realized.The information presented for the Klaza project cannot be verified and is not necessarily indicative of the mineralization on the Charlotte property.

The Tintina Gold Province (TGP) comprises numerous gold belts & districts through Yukon and Alaska

• Arc-shaped 2,000 km long metallogenic province
• The TGP is host to numerous placer and hard rock gold discoveries in addition to non-gold related mineral deposit types
• Gold deposits are related to Cretaceous intrusive rocks

Located in an Emerging Gold-Silver-Copper District

• The Charlotte property is located at the south end of the Dawson Range Gold Belt which stretches from the Yukon-Alaska border to the Charlotte Property near Carmacks
• Coffee & Casino gold projects are advancing towards 2021 production
• Active exploration & drilling in 2020 on several projects
• Resource Gateway Projectto upgrade roads in the area will facilitate access

Host Rocks

• Paleozoic metamorphic rocks intruded by several plutonic suites and related volcanic rocks

Two styles of mineralization

• Structurally-controlled precious metal epithermal veins & breccias
• Quartz carbonate gangue mineralogy
• Sulphides include pyrite, galena, sphalerite, chalcopyrite, arsenopyrite, stibnite and lesser oxides & carbonates
• Cu-Au porphyry mineralization

Webber Zone

• Two main vein structures – variable dip to southwest
• Explored for over 500 m strike length through trenching, drilling, and underground development
• Gold is associated with arsenopyrite and lesser stibnite
• 17 distinct mineralized zones up to 1 m in width with grades of approximately 14.1 g/t gold and 917 g/t silver
• Mineralized zones or rods measure 25 m in horizontal strike length and up to 100 m along plunge

Huestis Zone

• Three main NNW striking quartz-sulphide vein structures
• Quartz vein system dips steeply to the east-northeast
• Vein width from 0.3 m to 2.0 m – average is approximately 1.0 m
• Total of sixteen mineralized zones have been identified underground
• Mineralized zones vary from approximately 10 m to 50 m of exposed strike length (average of 27 m) and average 1.0 m width
• Mineralization similar to Webber with average grade in mineralized zones about 19.4 g/t gold and 442 g/t silver

Flex Zone

• Four main sub-parallel quartz-sulphide veins dipping steeply to the west
• Delineated over strike length of 550 m
• Open at depth, down plunge, and along strike to the north and south
• Veins range from 5 cm to 1.1 m thick – extensive silicification extends precious metal values up to 7 m width

Flex Zone Drilling

2010: 1442.82 m in 14 holes

2011: 3607.00 m in 22 holes

2012: 1883.46 in 6 holes

In addition, there are 74 historical drill holes in the

Flex Zone from 1960s to 1990s

Significant drill intersections include:

9.22g/t gold and 489.67 g/t silver over 29.05 m (apparent width) from 24.30 – 53.35 m in DDH 11-257

4.26 g/t gold and 73.97 g/t silver over 4.08 m (apparent width) from 184.46 – 188.54 m in DDH 12-278

51.5 g/t gold and 780.56 g/t silver over 1.4 m (apparent width) from 144.87 – 146.27 m in DDH 12-280

25.93 g/t gold and 1,305.44 g/t silver over 1.76 m (apparent width) from 194.44- 196.2 m in DDH 12-280

Most recent drilling in 2012 extended Flex Zone mineralization to the west, south, to depth, and down plunge. Mineralization remains open in all directions

Metallurgy

• Various metallurgical studies (1960s to 1980s) focused primarily on flotation, gravity, and cyanidation of mineralization.
• Historical metallurgical test work is considered preliminary; oxide/sulphide distribution and optimal processing alternatives are not fully understood.
• The most recent metallurgical testwork is thirty years old.
• Rockhaven Resources Ltd. have conducted comprehensive metallurgical testwork on their adjacent Klaza project, which has similar geology and mineralogy to Charlotte.
• In their recent (2020) PEA, Rockhaven contemplates three separate concentrates:
  • A gold-rich lead concentrate would undergo leaching to extract the gold
  • The zinc concentrate could be shipped directly
  • The arsenopyrite/pyrite concentrate could be processed on-site or sold to a

third party

9,300 Multi-element soil samples

• Most collected at 50 m intervals along 100 m spaced NE oriented lines
• Covers most of the property

Many significant multi-station anomalies largely untested

Summary

• Located in Yukon, Canada – road access to property
• Resource Gateway Program will further stimulate exploration and development of the Dawson Range Gold Belt
• Low-sulphidation type epithermal quartz-sulphide veins and breccias
• Gold veins are likely associated with the Mt. Nansen Porphyry Intrusive Complex and the Dickson stock
• The 2020 drill program is designed to expand known mineralization and outline the depth and plunge continuity of high-grade mineralized zones at the Flex Zone
• Drill results will inform the preparation of a mineral resources estimate compliant with the standards of disclosure outlined in NI 43-101
• There is potential on under-explored targets to the northwest and southeast for further discovery