Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-9

The Kasagiminnis review comprised updating the drillhole database, generation of new plans and sections, andreview of the latest geological model. The focus was on a 1.0 km strike length on the east part of the property,where most past drilling and the latest resource estimate was completed in 2019. Results of the review indicatethe property hosts a very well-defined east-west trending, steeply north dipping zone of gold mineralisationmeasuring approximately 600 metres long and drilled to a maximum depth of 200 metres or less. Mineralisationin the zone occurs in a mix of wide low grade and narrow higher-grade lenses along the strike length which arelikely due to local bifurcations in structure, variations in alteration intensity and crosscutting **bro dikes.Important to note that the 2019 resource estimate focused on narrow zones above a 3g/t cutoff grade eventhough some areas have good potential to be modelled at a reduced cutoff to create wider zones with slightlylower grade and more ounces assuming a bulk style mining method. There are also additional holes that needto be incorporated into the current resource estimate. Based on all work completed, the property is consideredthe most advanced in the Ardiden package, and has the greatest potential for resource expansion, with furtherdrilling.

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