TANACROSS PROJECT

Tanacross Project, Alaska, USA

The project is located 80 kilometers northeast of Tok, Alaska and was acquired by staking and a payment of $20,000to an arm’s length vendor (the “Tanacross Project”). The Tanacross Project consists of 45,900 hectares of prospectiveground in the Yukon-Tanana Terrane, which hosts the Casino porphyry Cu-Mo-Au deposit and the Coffee & Pogo orogenic Au deposits. The property covers exposures of porphyry style mineralization and has significant potential to host large porphyry systems and various other styles of mineralization.

Scientific and technical disclosure for the Tanacross Project is supported by the technical report with an effective date of August 22, 2020, entitled “NI 43-101 Technical Report for the Tanacross Project”, prepared by Cyrill N Orssich,BSc, PGeo.

In 2021, the Company plans to carry out detailed exploration and drilling, including detailed mapping, geophysics (including a drone magnetic survey and an induced polarization (IP) survey), and up to 2,000m of diamond drilling on the South Taurus and East Taurus targets.