EAGLE PROPERTY

Eagle Property

The Eagle Property (2530 ha) lies midway between the Mt. Milligan mine (Centerra Gold) and the Kwanika Cu-Au deposit (Serengetti Resources Inc.), and surrounds Altius Minerals’ Gibson Project, and may contain on-strike extensions of Au-Ag bearing structures hosted within it. The Eagle Property straddles the margin of the Hogem Batholith adjacent to a prominent arc-normal structural feature and is underlain by one of the most prominent magnetic highs in the region. Porphyry style Cu-Au-Ag mineralization is hosted in dioritic intrusive rocks and breccias associated with variable potassic, calc-potassic and propylitic alteration. Historical geological mapping and sampling has outlined a 0.8 by 3 km corridor of Cu-Au mineralization and widespread anomalous copper in soils. Historical drilling of two targets intersected significant intervals of high grade Cu-Au mineralization, including 27.28 m of 0.87% Cu, 0.32 g/t Au and 3.85 g/t Ag in drill hole EA91-06. On October 5, 2020, the Company entered into an earn-in agreement with Wedgemount Resources Corp. (“WMR”) whereby WMR can earn 60% of the property by funding $2.05 million in exploration expenditures plus paying Arcwest $110,000 and issuing 1.35 million shares to Arcwest over three years. Further details are included below under: A