PECOY PROJECT

About the Pecoy Project The Pecoy Project is an advanced copper exploration project located 150 kilometres northwest of Arequipa, within the Cretaceous Copper Porphyry Belt of Peru, host to the Zafranal copper porphyry (Teck Resources Limited and Mitsubishi Materials Corporation) located approximately 100 kilometers to the southeast of the project. The Pecoy Project is located within the Peruvian coastal desert region which grades into the Atacama desert further south in Chile. Topography within the project area ranges from 800m at the Rio Ocoña, to slightly more than 4,000m at the highest ridges. Within the area of mineralization, the relief ranges from 1,650m to 2,200m. There is no infrastructure in the immediate project area, but water is available from the Rio Ocoña delta some 8 km to the west, and power is available from the national grid 100 km from site. The site also has excellent road access to a number of nearby seaports for shipping of concentrates. The combined Pecoy Project area consists of approximately 13,300 hectares. Exploration on the property dates back to 2009, and consists of 48,500m of diamond drilling in 121 drill holes completed by previous operators including Pembrook. The project database consists of 1,222 downhole surveys, and 23,210 assays. The average drill spacing is about 118m in the main mineralized zone on the Pembrook property, and 80m on the Minandex (Ocaña) side. The project database also includes quality control data including blanks, standards and duplicates. In 2018 Pembrook engaged Micon International to prepare a Canadian National Instrument 43-101 compliant Technical Report and mineral resource estimate; however, as a non-reporting Issuer the report was never filed on SEDAR. The 2018 Technical Report considers two mining scenarios: the first being a pit constrained to the Pembrook owned concessions only and excluding any resources on the adjacent land, and the second assuming the adjacent Minandex (Ocaña) ground is available for pit expansion..