Turgeon VMS New Brunswick, Canada Turgeon VMS New Brunswick, Canada

Active Projects in New Brunswick New-Brunswick Bathurst Belledune Campbelton Brunswick #12 Mine Heath Steel Mine Caribou Mine Restigouche Mine Nigadoo Mine Puma and DNR offices Airport DNR Core Shack Railway Perfect Location for exploration Perfect Location for exploration 0 15 km Quebec Stable government policies that offer certainty and reduce the risk of longterm projects. Skilled labor force Airport, Railway, Paved Road Regional DNR Office and Core shack Bathurst area includes: Halfmile Stratmat Murray Brook Deposit Puma Highway 11 Turgeon Beresford Copper Sea port Benjamin Established Bathurst mining camp which welcomes employment opportunities Chaleurs Bay Puma Core Shack Ann’s Creek 2 Red Brook

Infrastructures Turgeon Properties Land Package The Turgeon deposit is located only 30 km north of Bathurst and 5 km south of the deepwater port and smelter of Belledune. The property is accessible by road all year round and is intersected by the main powerline grid. The Turgeon deposit is located only 30 km north of Bathurst and 5 km south of the deepwater port and smelter of Belledune. The property is accessible by road all year round and is intersected by the main powerline grid. Belledune Smelter Belledune Port 100% Interest To Bathurst 20km To Bathurst 20km kilometers ha. 3,500 ha. 430 ha. 755 ha. Port Smelter Powerline Highway Railway Chaleurs Bay Turgeon VMS Deposit Turgeon Turgeon South Cu-Ag veins Turgeon South Cu-Ag veins 3

3.2% ZnEq / 2.3m Turgeon VMS deposits Sheeted Dyke Gabbro Mafic flow North Fault Center Fault Zn Fault Dragon Fault Zn Zone PowerlinePowerline Meters Jaspe Fault Favorable Rock (Alteration zone) N DragonDragon 2 km Open FT15-02 Sediments FT15-01 FT14-05FT15-03 FT13-13FT % ZnEq / 4.1m 3.3% ZnEq / 14.9m 3.8% ZnEq / 4.2m 3.3% ZnEq / 4.8m 4.1% ZnEq / 4.7m 4.5% ZnEq / 1.8m 3.5% ZnEq / 2.4m 4.6% ZnEq / 6.3m 3.8% ZnEq / 4.0m 4.2% ZnEq / 6.3m 3.5% ZnEq / 7.9m Fault 4 *Zneq (zinc-equivalent): Calculations use metal prices of $1.00/lbs zinc, $3.00/lbs copper, $15/oz silver and using the formula ZnEq% = Zn% + (Cu% X 3.0) + (Ag g/t*0.0218).

Drill Results Stockwerk Cpy zones 3,5% Cu over 11,5 m 7,9% Cu over 7,5 m 2,5% Cu over 16,7 m 2,3% Cu over 32,6 m 4,4% Cu over 17,2m 2,5% Cu over 25,9m 2,2% Cu over 27,3m Massive Suphide zones 1,1% Cu + 9,2% Zn over 7,9 m 0,8% Cu + 12,4% Zn over 8,7 m 2,1% Cu + 1,9% Zn over 8,3m 1,0% Cu + 2,7% Zn over 72,2 m 1,9% Cu + 5,0% Zn over 12,3m 1,1% Cu + 4,7% Zn over 25,1m Internal 3D modeling of copper and zinc mineralization -300m Surface -100m Cu Zinc Zone Fault North Fault Zn Powerline and Zn Zone Deposits 10% Cu + 54 g/t Ag over 7.5m 10% Cu + 54 g/t Ag over 7.5m Turgeon Deposits In 1983, Esso Minerals used the results from drilling carried out over a fifty-year period to estimate an historical resources of 1.5 to 2.0 million tons of 1.5% Cu and 4% Zn. The mineral resources estimates was carried out before the establishment of the NI standard. Since the start of work in 1958, about 100 holes have been drilled on the deposit, for a total of more than 25,000 meters PUMA exploration Powerline Zinc Zone 5

Dragon Zone – High grade >3%ZnEq* 3.8% ZnEq / 4.0m 6.3% ZnEq / 3.4m Zn Fault Jaspe Fault Powerline Zn zone Dragon Surface - 300m - 150m 3.1% ZnEq / 1.9m 3.8% ZnEq / 4.2m 3.3% ZnEq / 4.8m 3.2% ZnEq / 2.3m 200m OPEN High grade >3% ZnEq Mineralised zone >0.8% ZnEq F15-02 F15-01 F14-05 F15-04 F15-03 F13-13 F14-01F14-02F14-03 Looking NE *Zneq (zinc-equivalent): Calculations use metal prices of $1.00/lbs zinc, $3.00/lbs copper, $15/oz silver and using the formula ZnEq% = Zn% + (Cu% X 3.0) + (Ag g/t*0.0218) % ZnEq / 2.1m 3.3% ZnEq / 14.9m 4.5% ZnEq / 1.8m 3.5% ZnEq / 2.4m 4.6% ZnEq / 6.8m 4.2% ZnEq / 6.3m 3.5% ZnEq / 7.9m

Metallurgical Tests Recovery HoleFrom (m)to (m)Long. (m)Cu (%)Zn (%)Weight (kg) F F F F Total: Copper Stockwerk zones in hole F09-01 Composite Sample XP XP XP XP XP-1 Recovery (%) Copper Conc. (%) Grade Cu (%) Test Copper Stockwerk In addition, it appears that the mineralization in this zone requires relatively little grinding to obtain a good recovery. Indeed, the optimal grain size is less than 65% minus 200 mesh, and overgrinding may impair the quality of the concentrate and the recovery. Cpy Stockwerk 7 PUMA exploration

Exploration Program Line Cutting (18km) Prospecting and sampling Alteration Study (243 samples) Trenching and Stripping Geophysical Survey IP OreVision 8 Current Work PowerlinePowerline Zn Zone DragonDragon Deposits Samples Drillholes IP Lines

Altered Basalt 3.7% Cu Altered Basalt 1% Zn Trenching and Stripping Program 2015 PowerlinePowerline Zn Zone DragonDragon TR15-05 TR15-06 TR15-01 TR15-02 TR15-03 TR15-04 Stripping 3.7% Cu 2.0% Cu 1.2% Cu 1.0% Cu 1.0% ZN 0.9% ZN 21% Cu 26% Cu Meters 9 Deposits Samples Drillholes IP Lines

2015 Hydrothermal Alteration study 10 Ishikawa Alteration Index (AI) Chlorite–carbonate-pyrite (CCPI) Spitz Index Alkali Index (Loss of calcium and sodium) Pwl Zn Zone Dragon Pwl Zn Zone Dragon Pwl Zn Zone Dragon Pwl Zn Zone Dragon

Favorable Unit Favorable unit at Surface Altered Basalt ~ 80 ° Bottom units (Gabbro, Sheeted Dyke) Top units (Sediments, Pillow Basalt) Looking NE Geophysical IP OreVision : Resistivity 11

PWL Zn Zone Major Untested target Open SW Open NE Major Untested target 2.15% Zn / 4.80m Surface 375m Dragon Geophysical IP OreVision : MF looking NE 12

PLW Zn Zone Dragon Major Untested target Open NE Untested target survey limit Untested target Geophysical IP OreVision : MF looking SW 13

PLW Zn Zone Dragon Major Untested target Open NE survey limit 2.15% Zn / 4.80m Open SW Open NE Surface 0m 400m Geophysical IP OreVision : Major Untested Targets 14

15 Major Untested target Pwl + Zn Zone Ishikawa Alteration Index (AI) At surface Looking East Major Alteration over 300m Looking South Dragon Major Target Geophysical IP OreVision : Hydrothermal alteration

16 2,000 meters drilling Program (5 holes) A BE D C

17 ABEDC 2,000 meters drilling Program (5 holes)

18 ABEDC 2,000 meters drilling Program (5 holes)

19 ABEDC 2,000 meters drilling Program (5 holes)

Major Land Package New Discoveries 20 High potential for more discoveries ▪ Untested geophysics and geochemistry anomalies ▪ High potential inside the mafic belt for new VMS ▪ Proximity of a large devonian intrusion Bern Zone Cu-Ag veins Chaleur Group Fournier Group (sed) Dalhousie Group (sed) Turgeon Cu-Zn Deposit Granodiorite Porphyry VMS favorable unit Chaleurs Bay kilometers Antinouri Lake Fournier Group (mv) Black Point Group Gold showings Base metals showings xMetals occurences Legend : N

Partnerships 21 Jeff Hussey and Associates Inc Exploration, Mining, and Geo-Metallurgy McCutcheon GeoConsulting Geological mapping, mineral deposit & writing/editing expertise Entreprise Beresford Excavation Excavation, Road construction, Floating heavy equipment Forage de l’Est Drilling