HAWKINS LOVE PROJECT

The Hawkins Love Project is an early exploration stage gold project with potential for near-term discovery. The Project comprises 4 mineral claims (304 units) covering more than 6,907 hectares and is located 40 kilometres west of the City of Saint John, New Brunswick (Figure 1).

Project Highlights

• Similar geological environment to the nearby Clarence Stream Deposit - deformed sediments and volcanics adjacent to the St. George granite;
• 6,907 hectares of prospective mineral lands along a 10 kilometre extent of a regional-scale gold bearing structure - the Back Bay Fault (Figure 2);
• 22-metre wide (core length) alteration zone featuring quartz veins with pyrite, chalcopyrite and specular hematite with minor visible gold intersected in historic drillhole NRG-97-3;
• 8 kilometre strike of anomalous soil and rock geochemistry along the Back Bay Fault;
• Quartz vein boulders with visible gold assaying up to 302.5 g/t gold; and
• 44 soil samples > 10 ppb gold and 11 samples > 50 ppb gold.

Figure 1: Regional Geology of Southern New Brunswick and Location of the Hawkins Love Project

Figure 2: Hawkins Love Project property geology and gold occurrences

Geology and Mineralization

The Hawkins Love Project is an exploration stage project that has been the focus of previous base metal and rare earth element exploration with little prior focus on gold. The Project is located 40 kilometres west of Saint John, New Brunswick and 30 kilometres east of the Clarence Stream Deposit. The Property comprises 4 mineral claims (304 units) covering 6,907 hectares of land.

The Hawkins Love Project is centered along a 10 kilometre section of the regional Back Bay Fault and underlain by variably deformed Silurian-Devonian Saint George Plutonic Suite (Jake Lee Mountain Granite), Silurian Mascarene Group volcanic and sedimentary rocks and fault bound slices of Proterozoic New River Suite granite and volcanics (Figure 2).

Historic exploration from 1969 to 2013 on the property has largely been focused on base metal massive sulphides and rare earth elements and has comprised collection of B-horizon soil samples, ground magnetics and electromagnetics, and minimal diamond drilling (15 holes totalling 2,256 metres) on small grid areas.

Highlights of exploration work completed to date include:

• Anomalous gold bearing soils over an 8 kilometre strike extent parallel to a major fault system;
• 22 metre wide (core length) alteration zone featuring quartz veins with pyrite, chalcopyrite and specular hematite with minor visible gold intersected in hole NRG-97-3;
• *Quartz vein boulders with visible gold assaying up to 302.5 g/t gold; and
• 44 soil samples > 10 ppb gold and 11 samples > 50 ppb gold.

*Note: "grab and boulder samples" are selected samples and are not necessarily indicative of mineralization that may be hosted on the property.

The Company has initiated a systematic exploration program comprising data compilation, review and re-sampling of historic diamond drill core, reconnaissance prospecting and geological mapping. A more aggressive exploration program is currently being planned for spring/summer 2021.

Technical Reports and Documentation Notes

Rock and core sample lengths from historic exploration programs that are reported in this press release are presented as core or sample lengths only. True widths of mineralized intervals are not known. All quoted drill core sample intervals, grades and production statistics were compiled from historic assessment reports obtained from either the government of New Brunswick.