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CHALICE MINING LIMITED Interim / Quarterly Report 2015

Oct 29, 2015

64649_rns_2015-10-29_180f23f8-0c96-4675-b3ee-ec8cf202fc11.pdf

Interim / Quarterly Report

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ABN 47 116 648 956

ASX Announcement

September 2015 Quarterly Report

Highlights:

  • Re-logging of 771 diamond drill holes (102,000m of drilling) completed across the existing Cameron deposit at Chalice’s 100%-owned Cameron Gold Project in Ontario, Canada with an additional 30,000 samples to be added to a new resource model.

  • New geology model (lithology, alteration and shearing) under construction with an updated mineral resource estimate on track to be finalised in Q4 2015.

  • Rock chip litho-geochemistry completed across entire land holding at Cameron, with 12 near-mine targets trenched, mapped and sampled.

  • Maiden mineral resource estimate nearing completion for the Croteau Est prospect, part of the joint venture with Northern Superior Resources following infill and exploration drilling during the Quarter.

  • Chalice continues to target additional high-potential opportunities in the region and elsewhere.

  • Chalice’s balance sheet remains strong with cash of ~A$40.6M at 30 September 2015 with a further US$2M deferred consideration becoming due and receivable from the sale of the Zara Project in ~late 2015.

Overview :

Chalice Gold Mines Limited (ASX: CHN, TSX: CXN – “Chalice” or “the Company”) is pleased to report on an active period during the September Quarter, during which it carried out work on a number of fronts to progress and de-risk it’s 100%owned Cameron Gold Project in Ontario, Canada (“Cameron”).

A key focus of activity was to re-log 771 surface and underground diamond drill holes (102,000m) which have been completed historically at the Cameron deposit, as well as to assay an additional 30,000 samples from within and immediately adjacent to the existing mineralisation. This work paves the way for an updated mineral resource estimate in Q4 2015. The progression of a Preliminary Economic Assessment will be subject to the results of the updated mineral resource for the Project.

The Company also ramped up near-mine exploration activity at Cameron during the Quarter which included an initial testing of 12 near-mine targets and completion of a significant regional geochemical sampling exercise. Assay results are pending.

First-pass exploration and resource definition drilling was also completed at the Croteau Est prospect, part of a joint venture with Northern Superior Resources in Quebec, with an initial mineral resource estimate and geological model currently being finalized on the CBSZ prospect and also due for release in the December 2015 Quarter.

Chalice’s strategy is to pursue opportunities to advance the Cameron Gold Project – positioning it to take advantage of the strengthening Canadian Dollar gold price – while at the same time seeking opportunities both in the region and further afield in targeted jurisdictions to acquire advanced resource assets.

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Chalice Gold Mines Limited, Level 2, 1292 Hay Street, West Perth, Western Australia T: +618 9322 3960 F: +618 9322 5800 E: [email protected]

www.chalicegold.com

1. Cameron Gold Project (Chalice 100%)

The Cameron Gold Project is an advanced resource project located in the highly mineralised southern part of western Ontario in Canada, approximately 80km south-east of the town of Kenora. The Project has a number of attractive attributes, including good grades, low political risk in a mature mining jurisdiction with low costs, conventional metallurgy, and a mid-sized gold project that is well within Chalice’s funding and development capability.

Cameron Gold Project – Geological Modelling

During the Quarter, the Company’s geological team re-logged approximately 102,000m of historical surface and underground diamond drill core (771 holes) for the Cameron deposit, from immediately south of the existing resource, through the resource itself, and extending to approximately 200m north of the deposit.

A new geological model has been constructed for lithology, alteration, structure and mineralisation. In addition to the re-logging exercise, approximately 30,000 new samples were collected from within or immediately adjacent to the known mineralisation and have been added to the mineralisation model. The new model will form the basis of the updated mineral resource, which will be published in Q4 2015.

As the results of this program are currently being compiled and a new mineral resource estimate is currently in progress, the impact on the previously disclosed mineral resources ( refer Appendix 1 ) cannot be determined until this revised mineral resource estimate is complete.

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Historical core re-logging and sampling (top left – core laid out for logging; top right – samples being dispatched to assay lab; bottom left – geological logging; bottom right – cross section interpretations)

2

Exploration Activities

The exploration field season at Cameron commenced during the Quarter following a disciplined target generation and ranking exercise. A total of 12 high priority near-mine targets with co-incidental geochemical (MMI, rock chips, till), aeromagnetic and previous drill anomalism were stripped, mapped and channel sampled (Figure 2). Final assays are awaited. Several quartz-carbonate altered shear zones were identified in the trenches.

The near-mine targets have the potential to increase open pittable ounces within economic haulage distance of the Cameron mine.

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Stripping high priority, near mine, targets (left – removing overburden; right – washing down prior to mapping and sampling)

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Figure 2: Top 12 high priority, near mine, targets trenched, mapped and channel sampled during quarter

3

Regional rock chip sampling was completed on an approximate 400m x 400m grid for multi-element litho-geochemical analysis (Figure 3). The results are being compiled over existing and newly acquired tenure. In addition, three detailed MMI soil grids were also completed (Figure 4). Again results are being compiled.

The litho-geochemistry and MMI samples are expected to form the basis for follow-up trenching and/or drilling during the 2016 field season.

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Figure 3: Regional rock chip sample locations

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Figure 4: – Recently completed MMI grid locations

2. Croteau Est Project (Chalice earning 65%)

The Company entered into a joint venture agreement with Canadian gold explorer Northern Superior Resources Inc. (‘Northern Superior’) in April 2015, giving the Company the right to earn a 65% interest in the Croteau Est gold property located near Chibougamau in Quebec (Figure 5). Under the Croteau Est agreement, Chalice can earn a 65% interest in the property by spending a total of C$4 million on exploration over three years, with a minimum exploration commitment of C$500,000 in the first 12 months. Upon earning a 65% interest, the joint venture would become a contributing joint venture containing a standard dilution calculation.

5

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Figure 5: Croteau Est Location, Québec

The Croteau Est tenement package includes a 25km strike length of prospective stratigraphy, including a number of targets requiring follow-up and a significant body of quartz-carbonate-sericite alteration and pyrite mineralisation which has been defined as the Croteau Bouchard Shear Zone (“CBSZ”).

An 11-hole (2,511m) diamond drill program and a 46-hole (485m) Reverse Circulation (RC) drill program was carried out during the Quarter targeting extensions to the known mineralisation as well as to delineate an initial JORC 2012 compliant Mineral Resource. The results from this program, including geological modelling, are currently being compiled and interpreted, with a maiden mineral resource estimate targeted for completion in Q4 2015.

Chalice has now met its minimum exploration commitment of C$500,000.

3. Gnaweeda Gold Project (Chalice 12%: Doray 88%)

The Company’s joint venture partner, Doray Minerals Limited (ASX: DRM) (“Doray”), recently released high grade results from a recent drilling program at the Gnaweeda Gold Project. Doray has stated that the project has potential to deliver additional high grade ounces to be processed at its Andy Well project. Chalice has elected to maintain its participation level in the project pending additional results.

Please refer to the recent Doray announcement at www.dorayminerals.com.au .

4. Tenement schedules

In accordance with ASX Listing Rule 5.3, please refer to Appendix 2 for listing of tenements.

5. Discussion on Quarterly Cash flow

Chalice’s cash reserves were A$40.6 million as at 30 September 2015. A further US$2 million is also likely to become due and receivable in late 2015 from China SFEO Group as deferred consideration for the sale of the Zara Gold Project.

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During the Quarter, the Company spent $2.2 million (YTD: $2.2 million) on exploration and evaluation activities which focused on the re-logging and re-sampling activities at Cameron and drilling at Croteau Est, $0.4 million (YTD: $0.4 million) on administration and overhead costs and $0.2 million (YTD: $0.2 million) on business development activities.

The impact of foreign exchange rates on the Company’s USD cash balances was a favourable movement of $3.4 million for the Quarter (YTD: $3.4 million).

Further details are available in the attached Appendix 5B.

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TIM GOYDER Managing Director 30 October 2015

For further information, please contact: Tim Goyder Chalice Gold Mines Limited Telephone +61 9322 3960

For media inquiries, please contact: Nicholas Read Read Corporate Telephone: +618 9388 1474

7

Competent Person and Qualifying Person Statements

The information in this report that relates to Exploration Results in relation to the Cameron Gold Project and the Croteau Est Project is based on information compiled by Mr Gary Snow, who is a Fellow of the Australasian Institute of Mining and Metallurgy and is a Fellow of the Australian Institute of Geoscientists. Mr Snow is a full-time employee of the company and has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, and is a Qualified Person under National Instrument 43-101 – ‘Standards of Disclosure for Mineral Projects’. The Qualified Person has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in this release. Mr Snow consents to the release of information in the form and context in which it appears here.

The information relating to the Cameron Gold Project Mineral Resource is extracted from the ASX Announcement entitled “Chalice Files Updated 43-101 Technical Report” released on 29 July 2014 and is available to view at www.chalicegold.com. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not materially modified from the original market announcement.

The information relating to the Croteau Est Project is extracted from the ASX Announcement entitled “Chalice expands North American presence with farm-in deal on advanced and highly prospective Canadian gold project” released on 22 April 2015 and is available to view at www.chalicegold.com. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not materially modified from the original market announcement.

Forward Looking Statements

This document may contain forward-looking information within the meaning of Canadian securities legislation and forwardlooking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, forward-looking statements). These forward-looking statements are made as of the date of this document and Chalice Gold Mines Limited (the Company) does not intend, and does not assume any obligation, to update these forward-looking statements.

Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the impact of additional logging and sampling at the Cameron Project on currently disclosed mineral resources, the results of drilling at Croteau Est on any mineral resource estimate, the impact of potential material reductions in costs on the economics of a future PEA at the Cameron Project, the results of business development activities which may result in a corporate transaction or investment, the estimation of mineral reserve and mineral resources, the realisation of mineral reserve estimates, the likelihood of exploration success, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage.

In certain cases, forward-looking statements can be identified by the use of words such as plans, expects or does not expect, is expected, will, may would, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. By their very nature forwardlooking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors may include, among others, risks related to actual results of current exploration activities; the impact of additional logging and sampling at the Cameron Project on currently disclosed mineral resources; changes in project parameters as plans continue to be refined; future prices of mineral resources; possible variations in mineral resources or ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; as well as those factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, all of which are filed and available for review on SEDAR at sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be

8

other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.

Accordingly, readers should not place undue reliance on forward-looking statements.

9

Appendix 1 - Cameron Gold Project Resource

As the delineation of an updated mineral resource estimate is currently in progress, the impact on the previously disclosed mineral resources above cannot be determined until this revised mineral resource estimate is complete.

Deposit Description Cut-off
**Goldg/t **
Class Tonnes Gold g/t Gold Oz
Cameron Open Cut 0.5g/t Measured 2,872,000 2.3 212,400
RL>=750m Indicated 5,417,000 1.76 306,600
Meas+Indic 8,289,000 1.95 519,700
Inferred 881,000 2.07 58,600
Underground 1.75g/t Measured 157,000 2.77 14,000
RL<750m Indicated 559,000 3.23 58,100
Meas+Indic 716,000 3.13 72,100
Inferred 5,709,000 2.78 510,300
Dubenski Open Cut 1.00g/t Measured
RL>=180m Indicated 806,000 2.28 59,100
Meas+Indic 806,000 2.28 59,100
Inferred 392,000 1.44 18,200
Dogpaw Open Cut 0.5g/t Measured
RL>=210m Indicated 247,000 3.02 24,000
Meas+Indic 247,000 3.02 24,000
Inferred 64,000 2.26 4,700
Total Measured 3,029,000 2.33 226,900
Indicated 7,029,000 1.98 447,500
Meas+Indic 10,058,000 2.09 675,900
Inferred 7,046,000 2.61 591,300

10

Appendix 2 – Tenement schedules

The following information is provided in accordance with ASX Listing Rule 5.3 for the quarter ended 30 September 2015:

1. Listing of tenements held:

Location Project Tenement
No.
Registered Holder Nature of
interest
Australia Gnaweeda E51/0926
E51/0927
Chalice Gold Mines Limited and
Teck Australia PtyLtd
12.03%
Chalice Gold Mines Limited and
Teck Australia PtyLtd
12.03%
Canada Refer appendix 3.

2. Listing of tenements acquired (directly or beneficially) during the quarter:

There were no tenements acquired (directly or beneficially) during the quarter.

3. Tenements relinquished, reduced or lapsed (directly or beneficially) during the quarter:

Location Project Tenement
**Type **
Tenement No. Registered Holder Nature of Interest
Canada Rainy River Patent 56046-0077 Shane & Rachel McQuaker Earning in, Option
agreement
Canada Rainy River Patent 56046-0079 Jan Wullum Earning in, Option
agreement
Canada Rainy River Patent 56046-0086 Gene Boyce Earning in, Option
agreement
Canada Rainy River Patent 56046-0076 Stevan Michael Earning in, Option
agreement
Canada Rainy River Patent 56046-0031 Kip Sharp Earning in, Option
agreement
Canada Rainy River Patent 56046-0034 Wade Kempka Earning in, Option
agreement
Canada Rainy River Patent 56046-0038 Wade & Shane Kempka &
Madison
Earning in, Option
agreement
Canada Rainy River Patent 56046-0044 Wade & Shane Kempka &
Madison
Earning in, Option
agreement

11

Appendix 3 - Tenements held (Canada)

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Cameron Claim 4283921 Cameron Gold Operations Ltd 100%
Cameron Claim 4283922 Cameron Gold Operations Ltd 100%
Cameron Claim 4283923 Cameron Gold Operations Ltd 100%
Cameron Claim 4283924 Cameron Gold Operations Ltd 100%
Cameron Claim 4283925 Cameron Gold Operations Ltd 100%
Cameron Claim 4283926 Cameron Gold Operations Ltd 100%
Cameron Claim 4283927 Cameron Gold Operations Ltd 100%
Cameron Claim 4283928 Cameron Gold Operations Ltd 100%
Cameron Claim 4283929 Cameron Gold Operations Ltd 100%
Cameron Claim 4283930 Cameron Gold Operations Ltd 100%
Cameron Claim 4283931 Cameron Gold Operations Ltd 100%
Cameron Claim 4283932 Cameron Gold Operations Ltd 100%
Cameron Claim 4283933 Cameron Gold Operations Ltd 100%
Cameron Claim 4283934 Cameron Gold Operations Ltd 100%
Cameron Claim 4283935 Cameron Gold Operations Ltd 100%
Cameron Claim 4283936 Cameron Gold Operations Ltd 100%
Cameron Claim 4283937 Cameron Gold Operations Ltd 100%
Cameron Claim 4283938 Cameron Gold Operations Ltd 100%
Cameron Claim 4283939 Cameron Gold Operations Ltd 100%
Cameron Claim 4283940 Cameron Gold Operations Ltd 100%
Cameron Claim 4283941 Cameron Gold Operations Ltd 100%
Cameron Claim 4283942 Cameron Gold Operations Ltd 100%
Cameron Claim 4283943 Cameron Gold Operations Ltd 100%
Cameron Claim 4283944 Cameron Gold Operations Ltd 100%
Cameron Claim 4283945 Cameron Gold Operations Ltd 100%
Cameron Claim 4283946 Cameron Gold Operations Ltd 100%
Cameron Claim 4283947 Cameron Gold Operations Ltd 100%
Cameron Claim 4283948 Cameron Gold Operations Ltd 100%
Cameron Claim 4283949 Cameron Gold Operations Ltd 100%
Cameron Claim 4283950 Cameron Gold Operations Ltd 100%
Cameron Claim 1105444 Cameron Gold Operations Ltd 100%
Cameron Claim 1105445 Cameron Gold Operations Ltd 100%
Cameron Claim 1161574 Cameron Gold Operations Ltd 100%
Cameron Claim 1161575 Cameron Gold Operations Ltd 100%
Cameron Claim 1210120 Cameron Gold Operations Ltd 100%
Cameron Claim 1210121 Cameron Gold Operations Ltd 100%
Cameron Claim 1210122 Cameron Gold Operations Ltd 100%
Cameron Claim 1210123 Cameron Gold Operations Ltd 100%
Cameron Claim 1210124 Cameron Gold Operations Ltd 100%
Cameron Claim 1210125 Cameron Gold Operations Ltd 100%
Cameron Claim 1210126 Cameron Gold Operations Ltd 100%
Cameron Claim 1210128 Cameron Gold Operations Ltd 100%
Cameron Claim 1210129 Cameron Gold Operations Ltd 100%
Cameron Claim 1210130 Cameron Gold Operations Ltd 100%
Cameron Claim 1210131 Cameron Gold Operations Ltd 100%

12

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Cameron Claim 1210132 Cameron Gold Operations Ltd 100%
Cameron Claim 1210133 Cameron Gold Operations Ltd 100%
Cameron Claim 1210134 Cameron Gold Operations Ltd 100%
Cameron Claim 1210135 Cameron Gold Operations Ltd 100%
Cameron Claim 1210136 Cameron Gold Operations Ltd 100%
Cameron Claim 4248906 Cameron Gold Operations Ltd 100%
Cameron Claim 4254297 Cameron Gold Operations Ltd 100%
Cameron Claim 4255667 Cameron Gold Operations Ltd 100%
Cameron Claim 4255668 Cameron Gold Operations Ltd 100%
Cameron Claim 4255669 Cameron Gold Operations Ltd 100%
Cameron Claim 4257392 Cameron Gold Operations Ltd 100%
Cameron Claim 4258281 Cameron Gold Operations Ltd 100%
Cameron Claim 4258282 Cameron Gold Operations Ltd 100%
Cameron Claim 4258283 Cameron Gold Operations Ltd 100%
Cameron Claim 4258284 Cameron Gold Operations Ltd 100%
Cameron Claim 4258285 Cameron Gold Operations Ltd 100%
Cameron Claim 4258286 Cameron Gold Operations Ltd 100%
Cameron Claim 4258287 Cameron Gold Operations Ltd 100%
Cameron Claim 4258288 Cameron Gold Operations Ltd 100%
Cameron Claim 4258289 Cameron Gold Operations Ltd 100%
Cameron Claim 4258290 Cameron Gold Operations Ltd 100%
Cameron Claim 4258291 Cameron Gold Operations Ltd 100%
Cameron Claim 4258292 Cameron Gold Operations Ltd 100%
Cameron Claim 4258421 Cameron Gold Operations Ltd 100%
Cameron Claim 4258422 Cameron Gold Operations Ltd 100%
Cameron Claim 4258423 Cameron Gold Operations Ltd 100%
Cameron Claim 4258424 Cameron Gold Operations Ltd 100%
Cameron Claim 4258425 Cameron Gold Operations Ltd 100%
Cameron Claim 4258426 Cameron Gold Operations Ltd 100%
Cameron Claim 4258427 Cameron Gold Operations Ltd 100%
Cameron Claim 4258428 Cameron Gold Operations Ltd 100%
Cameron Claim 4258429 Cameron Gold Operations Ltd 100%
Cameron Claim 4258430 Cameron Gold Operations Ltd 100%
Cameron Claim 4258431 Cameron Gold Operations Ltd 100%
Cameron Claim 4258432 Cameron Gold Operations Ltd 100%
Cameron Claim 4258433 Cameron Gold Operations Ltd 100%
Cameron Claim 4258434 Cameron Gold Operations Ltd 100%
Cameron Claim 4258435 Cameron Gold Operations Ltd 100%
Cameron Claim 4258436 Cameron Gold Operations Ltd 100%
Cameron Claim 4258437 Cameron Gold Operations Ltd 100%
Cameron Claim 4258438 Cameron Gold Operations Ltd 100%
Cameron Claim 4258439 Cameron Gold Operations Ltd 100%
Cameron Claim 4258440 Cameron Gold Operations Ltd 100%
Cameron Claim 4258441 Cameron Gold Operations Ltd 100%
Cameron Claim 4258442 Cameron Gold Operations Ltd 100%
Cameron Claim 4258443 Cameron Gold Operations Ltd 100%
Cameron Claim 4258444 Cameron Gold Operations Ltd 100%

13

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Cameron Claim 4258445 Cameron Gold Operations Ltd 100%
Cameron Claim 4258446 Cameron Gold Operations Ltd 100%
Cameron Claim 4258447 Cameron Gold Operations Ltd 100%
Cameron Claim 4258448 Cameron Gold Operations Ltd 100%
Cameron Claim 4258449 Cameron Gold Operations Ltd 100%
Cameron Claim 4258450 Cameron Gold Operations Ltd 100%
Cameron Patented
miningclaim
PA8441,42185-0720(LT) K2766 Cameron Gold Operations Ltd 100%
Cameron Patented
miningclaim
PA8442,42185-0722(LT) K2767 Cameron Gold Operations Ltd 100%
Cameron Patented
miningclaim
PA8443,42185-0724(LT) K2768 Cameron Gold Operations Ltd 100%
Cameron Patented
miningclaim
PA9901,42185-0726(LT) K4712 Cameron Gold Operations Ltd 100%
Cameron MLO 10384 K4709 Cameron Gold Operations Ltd 100%
Cameron MLO 10405 K4711 Cameron Gold Operations Ltd 100%
Cameron MLO 10406 K4710 Cameron Gold Operations Ltd 100%
Cameron MLO 10407 K4712 Cameron Gold Operations Ltd 100%
Cameron MLO 3366 K2767 Cameron Gold Operations Ltd 100%
Cameron MLO 3367 K2768 Cameron Gold Operations Ltd 100%
Cameron MiningLease 108466 CLM289. Claims K527548-
K527567,Nucanolan Property
Cameron Gold Operations Inc. 100%
Cameron MiningLease 108400 CLM305. Claim K465069-
K465075, K465351-K465358,
K519950-K519965, K561022-
K561025,K666295
Cameron Gold Operations Ltd 100%
Cameron MiningLease 108400 CLM306, Claim K386816-
K386818, K386888-K386900,
K533901-K533908,K666294
Cameron Gold Operations Ltd 100%
West Cedar Claim 3000802 Cameron Gold Operations Ltd 100%
West Cedar Claim 3000803 Cameron Gold Operations Ltd 100%
West Cedar Claim 3000804 Cameron Gold Operations Ltd 100%
West Cedar Claim 1149862 Cameron Gold Operations Ltd 100%
West Cedar Claim 1196649 Cameron Gold Operations Ltd 100%
West Cedar Claim 3001240 Cameron Gold Operations Ltd 100%
West Cedar Claim 3001298 Cameron Gold Operations Ltd 100%
West Cedar Claim 3010497 Cameron Gold Operations Ltd 100%
West Cedar Claim 3012199 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0208(LT) K9990 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0586(LT) K9991 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0585(LT) K9992 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0577(LT) K9993 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0587(LT) K9994 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0578(LT) K9995 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0579(LT) K9997 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0583(LT) K10010 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0796(LT) K10024 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0799(LT) K10025 Cameron Gold Operations Ltd 100%

14

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
West Cedar Patented
miningclaim
42185-0801(LT) K10026 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0803(LT) K10027 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0593(LT) K10028 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0594(LT) K10029 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0595(LT) K10030 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0588(LT) K9996 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0584(LT) K10011 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0580(LT) K10058 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0807(LT) K10000 Cameron Gold Operations Ltd 100%
West Cedar Patented
miningclaim
42185-0581(LT) K9999 Cameron Gold Operations Ltd 100%
West Cedar MLO 11143 K9990, K9992, K9993, K9996,
K9999, K10000, K10011,
K10058
Cameron Gold Operations Ltd 100%
West Cedar MiningLease 107495 K314926, K351875-K351876,
K314928-K314931,K273821
Cameron Gold Operations Ltd 100%
West Cedar MiningLease 107494 K314927, K314932, K351873,
K351874,K351877,K351878
Cameron Gold Operations Ltd 100%
Cameron Gold Claim 4276513 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4276514 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4276515 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4276516 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4276517 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4276518 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4276519 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4276522 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4276523 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4267651 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4267652 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283119 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283120 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283731 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283732 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283734 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4267653 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4277987 Rubicon Minerals Corp. Earning, Option
agreement
Cameron Gold Claim 4267654 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4267655 Rubicon Minerals Corp. Earning in, Option
agreement

15

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Cameron Gold Claim 4267656 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4267657 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283735 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283736 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283737 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283738 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4276506 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4276512 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283111 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283112 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283113 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283114 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283115 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283116 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283117 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4283118 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4274088 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4274089 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4274090 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4274091 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4274092 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4274093 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4274094 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4274095 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4274096 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4274074 Rubicon Minerals Corp. Earning in, Option
agreement
Cameron Gold Claim 4276500 Rubicon Minerals Corp. Earning in, Option
agreement
Ardeen Claim 1022635 Pele Gold Corporation 51%
Ardeen Claim 1022636 Pele Gold Corporation 51%
Ardeen Claim 1022637 Pele Gold Corporation 51%
Ardeen Claim 1135465 Pele Gold Corporation 51%
Ardeen Claim 1135466 Pele Gold Corporation 51%
Ardeen Claim 1157496 Pele Gold Corporation 51%
Ardeen Claim 1157497 Pele Gold Corporation 51%
Ardeen Claim 1157666 Pele Gold Corporation 51%
Ardeen Claim 1157667 Pele Gold Corporation 51%
Ardeen Claim 1157668 Pele Gold Corporation 51%

16

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Ardeen Claim 1157670 Pele Gold Corporation 51%
Ardeen Claim 1157671 Pele Gold Corporation 51%
Ardeen Claim 1164874 Pele Gold Corporation 51%
Ardeen Claim 1164875 Pele Gold Corporation 51%
Ardeen Claim 1164876 Pele Gold Corporation 51%
Ardeen Claim 1164877 Pele Gold Corporation 51%
Ardeen Claim 1172315 Pele Gold Corporation 51%
Ardeen Claim 1172316 Pele Gold Corporation 51%
Ardeen Claim 1172317 Pele Gold Corporation 51%
Ardeen Claim 1172340 Pele Gold Corporation 51%
Ardeen Claim 1172345 Pele Gold Corporation 51%
Ardeen Claim 1172346 Pele Gold Corporation 51%
Ardeen Claim 1172347 Pele Gold Corporation 51%
Ardeen Claim 1172348 Pele Gold Corporation 51%
Ardeen Claim 1172349 Pele Gold Corporation 51%
Ardeen Claim 1172350 Pele Gold Corporation 51%
Ardeen Claim 1172355 Pele Gold Corporation 51%
Ardeen Claim 1172356 Pele Gold Corporation 51%
Ardeen Claim 1172365 Pele Gold Corporation 51%
Ardeen Claim 1172366 Pele Gold Corporation 51%
Ardeen Claim 1172367 Pele Gold Corporation 51%
Ardeen Claim 1172368 Pele Gold Corporation 51%
Ardeen Claim 1172369 Pele Gold Corporation 51%
Ardeen Claim 1172375 Pele Gold Corporation 51%
Ardeen Claim 1172385 Pele Gold Corporation 51%
Ardeen Claim 1172386 Pele Gold Corporation 51%
Ardeen Claim 1172387 Pele Gold Corporation 51%
Ardeen Claim 1172388 Pele Gold Corporation 51%
Ardeen Claim 1172395 Pele Gold Corporation 51%
Ardeen Claim 1172396 Pele Gold Corporation 51%
Ardeen Claim 1195937 Pele Gold Corporation 51%
Ardeen Claim 1195940 Pele Gold Corporation 51%
Ardeen Claim 1196147 Pele Gold Corporation 51%
Ardeen Claim 1196239 Pele Gold Corporation 51%
Ardeen Claim 1196240 Pele Gold Corporation 51%
Ardeen Claim 1196870 Pele Gold Corporation 51%
Ardeen Claim 1196921 Pele Gold Corporation 51%
Ardeen Claim 1196923 Pele Gold Corporation 51%
Ardeen Claim 1196924 Pele Gold Corporation 51%
Ardeen Claim 1202036 Pele Gold Corporation 51%
Ardeen Claim 1202264 Pele Gold Corporation 51%
Ardeen Claim 1202265 Pele Gold Corporation 51%
Ardeen Claim 1202302 Pele Gold Corporation 51%
Ardeen Claim 1205201 Pele Gold Corporation 51%
Ardeen Claim 1205202 Pele Gold Corporation 51%
Ardeen Claim 1205203 Pele Gold Corporation 51%
Ardeen Claim 1205204 Pele Gold Corporation 51%

17

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Ardeen Claim 1205287 Pele Gold Corporation 51%
Ardeen Claim 1209440 Pele Gold Corporation 51%
Ardeen Claim 1209441 Pele Gold Corporation 51%
Ardeen Claim 1209470 Pele Gold Corporation 51%
Ardeen Claim 1209697 Pele Gold Corporation 51%
Ardeen Claim 1209698 Pele Gold Corporation 51%
Ardeen Claim 1209770 Pele Gold Corporation 51%
Ardeen Claim 1210243 Pele Gold Corporation 51%
Ardeen Claim 1210245 Pele Gold Corporation 51%
Ardeen Claim 1210776 Pele Gold Corporation 51%
Ardeen Claim 1210792 Pele Gold Corporation 51%
Ardeen Claim 1215147 Pele Gold Corporation 51%
Ardeen Claim 1215148 Pele Gold Corporation 51%
Ardeen Claim 1215149 Pele Gold Corporation 51%
Ardeen Claim 1215450 Pele Gold Corporation 51%
Ardeen Claim 1215451 Pele Gold Corporation 51%
Ardeen Claim 1215452 Pele Gold Corporation 51%
Ardeen Claim 1215453 Pele Gold Corporation 51%
Ardeen Claim 1215454 Pele Gold Corporation 51%
Ardeen Claim 1215751 Pele Gold Corporation 51%
Ardeen Claim 1215752 Pele Gold Corporation 51%
Ardeen Claim 1215758 Pele Gold Corporation 51%
Ardeen Claim 1215760 Pele Gold Corporation 51%
Ardeen Claim 1215831 Pele Gold Corporation 51%
Ardeen Claim 1215859 Pele Gold Corporation 51%
Ardeen Claim 1217105 Pele Gold Corporation 51%
Ardeen Claim 1224629 Pele Gold Corporation 51%
Ardeen Claim 3001505 Pele Gold Corporation 51%
Ardeen Claim 3001506 Pele Gold Corporation 51%
Ardeen Claim 3001507 Pele Gold Corporation 51%
Ardeen Claim 677468 Pele Gold Corporation 51%
Ardeen Claim 677469 Pele Gold Corporation 51%
Ardeen Claim 677470 Pele Gold Corporation 51%
Ardeen Claim 677471 Pele Gold Corporation 51%
Ardeen Claim 677472 Pele Gold Corporation 51%
Ardeen Claim 677473 Pele Gold Corporation 51%
Ardeen Claim 677474 Pele Gold Corporation 51%
Ardeen Claim 677475 Pele Gold Corporation 51%
Ardeen Claim 677476 Pele Gold Corporation 51%
Ardeen Claim 677477 Pele Gold Corporation 51%
Ardeen Claim 677478 Pele Gold Corporation 51%
Ardeen Claim 677479 Pele Gold Corporation 51%
Ardeen Claim 786521 Pele Gold Corporation 51%
Ardeen Claim 786522 Pele Gold Corporation 51%
Ardeen Claim 786523 Pele Gold Corporation 51%
Ardeen Claim 786524 Pele Gold Corporation 51%
Ardeen Claim 786525 Pele Gold Corporation 51%

18

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Ardeen Claim 786526 Pele Gold Corporation 51%
Ardeen Claim 786527 Pele Gold Corporation 51%
Ardeen Claim 786528 Pele Gold Corporation 51%
Ardeen Claim 786529 Pele Gold Corporation 51%
Ardeen Claim 786541 Pele Gold Corporation 51%
Ardeen Claim 786542 Pele Gold Corporation 51%
Ardeen Claim 786543 Pele Gold Corporation 51%
Ardeen Claim 786544 Pele Gold Corporation 51%
Ardeen Claim 786545 Pele Gold Corporation 51%
Ardeen Claim 813157 Pele Gold Corporation 51%
Ardeen Claim 813158 Pele Gold Corporation 51%
Ardeen Claim 813159 Pele Gold Corporation 51%
Ardeen Claim 813160 Pele Gold Corporation 51%
Ardeen Claim 813161 Pele Gold Corporation 51%
Ardeen Claim 813162 Pele Gold Corporation 51%
Ardeen Claim 813163 Pele Gold Corporation 51%
Ardeen Claim 813164 Pele Gold Corporation 51%
Ardeen Claim 813165 Pele Gold Corporation 51%
Ardeen Claim 813166 Pele Gold Corporation 51%
Ardeen Claim 835178 Pele Gold Corporation 51%
Ardeen Claim 835179 Pele Gold Corporation 51%
Ardeen Claim 835184 Pele Gold Corporation 51%
Ardeen Claim 835185 Pele Gold Corporation 51%
Ardeen Claim 835186 Pele Gold Corporation 51%
Ardeen Claim 835187 Pele Gold Corporation 51%
Ardeen Claim 835188 Pele Gold Corporation 51%
Ardeen Claim 835189 Pele Gold Corporation 51%
Ardeen Claim 835190 Pele Gold Corporation 51%
Ardeen Claim 835195 Pele Gold Corporation 51%
Ardeen Claim 835196 Pele Gold Corporation 51%
Ardeen Claim 835197 Pele Gold Corporation 51%
Ardeen Claim 835304 Pele Gold Corporation 51%
Ardeen Claim 835305 Pele Gold Corporation 51%
Ardeen Claim 835306 Pele Gold Corporation 51%
Ardeen Claim 835307 Pele Gold Corporation 51%
Ardeen Claim 835308 Pele Gold Corporation 51%
Ardeen Claim 835309 Pele Gold Corporation 51%
Ardeen Claim 835310 Pele Gold Corporation 51%
Ardeen Claim 835311 Pele Gold Corporation 51%
Ardeen Claim 835312 Pele Gold Corporation 51%
Ardeen Claim 835313 Pele Gold Corporation 51%
Ardeen Claim 863760 Pele Gold Corporation 51%
Ardeen Claim 873515 Pele Gold Corporation 51%
Ardeen Claim 873516 Pele Gold Corporation 51%
Ardeen Claim 873517 Pele Gold Corporation 51%
Ardeen Claim 873518 Pele Gold Corporation 51%
Ardeen Claim 873519 Pele Gold Corporation 51%

19

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Ardeen Claim 873520 Pele Gold Corporation 51%
Ardeen Claim 873522 Pele Gold Corporation 51%
South Cedar Claim 4257501 Rubicon Minerals Corp. Earning in, option
agreement
South Cedar Claim 4257508 Rubicon Minerals Corp. Earning in, option
agreement
South Cedar Claim 4257510 Rubicon Minerals Corp. Earning in, option
agreement
South Cedar Claim 4257511 Rubicon Minerals Corp. Earning in, option
agreement
South Cedar Claim 4257515 Rubicon Minerals Corp. Earning in, option
agreement
South Cedar Claim 4257516 Rubicon Minerals Corp. Earning in, option
agreement
South Cedar Claim 4257517 Rubicon Minerals Corp. Earning in, option
agreement
South Cedar Claim 4260366 Rubicon Minerals Corp. Earning in , option
agreement
West Cedar Claim 4260514 Rubicon Minerals Corp. Earning in , option
agreement
South Cedar Claim 4266944 Rubicon Minerals Corp. Earning in , option
agreement
South Cedar Claim 4260515 Rubicon Minerals Corp. Earning in , option
agreement
South Cedar Claim 4260516 Rubicon Minerals Corp. Earning in , option
agreement
South Cedar Claim 4263609 Rubicon Minerals Corp. Earning in , option
agreement
South Cedar Claim 4272273 Rubicon Minerals Corp. Earning in , option
agreement
South Cedar Claim 4266941 Rubicon Minerals Corp. Earning in , option
agreement
South Cedar Claim 4266942 Rubicon Minerals Corp. Earning in , option
agreement
South Cedar Claim 4266943 Rubicon Minerals Corp. Earning in , option
agreement
RainyRiver Claim 4254475 CoventryResources Ontario Inc. 100%
RainyRiver Claim 4254476 CoventryResources Ontario Inc. 100%
RainyRiver Claim 4254477 CoventryResources Ontario Inc. 100%
RainyRiver Claim 4254478 CoventryResources Ontario Inc. 100%
RainyRiver Claim 4254479 CoventryResources Ontario Inc. 100%
RainyRiver Claim 4260559 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4260560 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4260561 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4260562 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4260563 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4260564 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4260565 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4214439 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4214438 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4214440 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4214441 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4214442 CoventryRainyRiver Inc. 100%
South Cedar Claim 4254638 Rubicon Minerals Corp. Earning in, option
agreement
RainyRiver Claim 4205814 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4205815 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4205816 CoventryRainyRiver Inc. 100%

20

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
RainyRiver Claim 4205817 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4205818 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4250319 CoventryRainyRiver Inc. 100%
RainyRiver Claim 4205809 CoventryRainyRiver Inc. 100%
Croteau Est MiningClaim 2188150 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2188151 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2188152 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2188153 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2188154 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2188155 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2188156 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2311841 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2311842 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2311843 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2311844 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2311845 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2311846 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2311847 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2311848 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2311849 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2311850 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2311851 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2311852 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315945 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315946 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315947 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315948 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315949 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315950 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315951 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315952 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315953 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315954 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315955 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315956 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%

21

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Croteau Est MiningClaim 2315957 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315958 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2315959 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2319367 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2319368 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324226 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324227 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324228 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324229 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324230 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324231 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324232 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324233 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324234 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324235 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324236 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324237 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324238 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324239 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2324240 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255946 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255947 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255948 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255949 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255950 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255951 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255952 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255953 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255954 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255955 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255956 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255959 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255960 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255961 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%

22

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Croteau Est MiningClaim 2255962 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255963 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255964 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255965 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255966 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255967 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255968 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255974 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255975 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255976 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255977 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255978 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255979 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2255980 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256044 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256045 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256072 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256073 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256074 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256075 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256076 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256077 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256078 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256079 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256080 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256081 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256082 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256083 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256084 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256087 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256088 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256089 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256090 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256091 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%

23

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Croteau Est MiningClaim 2256092 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256095 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256096 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256097 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256098 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256099 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256100 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256103 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256104 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256105 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256106 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256107 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2256108 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258329 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258330 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258331 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258332 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258333 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258334 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258335 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258336 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258337 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258338 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258339 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258340 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258341 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258342 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258343 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258344 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258345 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258349 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258350 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258351 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258352 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%

24

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Croteau Est MiningClaim 2258353 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258354 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258355 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258356 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258357 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258358 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258359 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258360 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258361 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258362 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258363 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258364 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258365 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258366 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258367 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258368 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258369 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258370 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258371 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258372 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258373 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258374 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258375 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258376 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258377 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258378 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258385 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258386 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258387 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258388 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2258389 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2379575 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2379576 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2379577 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%

25

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Croteau Est MiningClaim 2379578 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2379579 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2379580 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2299232 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2299233 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2299234 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2302674 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2302675 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2302676 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2305054 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2307534 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2307535 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2307536 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2307537 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2307538 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2307539 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2308046 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2308047 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2308048 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 2308049 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281268 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281269 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281270 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281271 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281272 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281273 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281274 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281275 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281276 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281277 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281278 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281279 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281280 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281281 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%

26

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Croteau Est MiningClaim 5281282 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281283 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281284 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281285 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281286 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281287 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281288 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281289 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281290 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281291 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281292 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281293 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281294 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281295 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281296 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281297 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281298 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281299 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281300 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281301 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281302 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281304 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281305 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281306 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281308 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281309 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281310 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281311 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281312 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281314 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281315 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281316 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281317 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281318 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%

27

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Croteau Est MiningClaim 5281319 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281320 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281321 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281322 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281323 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281324 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281325 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281326 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281327 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281328 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281329 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281330 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281331 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281332 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281333 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281334 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281335 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281336 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281337 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281338 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281339 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281340 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281341 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281342 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281343 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281344 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281346 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281347 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281348 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281349 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281350 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5274521 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5274522 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5274523 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%

28

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Croteau Est MiningClaim 5274524 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5274525 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5274526 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5274527 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5274528 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279956 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279957 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279958 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279959 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279960 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279961 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279962 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279963 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279964 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279965 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279966 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279967 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279968 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279969 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279970 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279971 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279972 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279973 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279974 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279975 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279976 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279977 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279978 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279979 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279980 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279981 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279982 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279983 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279984 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%

29

Project Tenement
**Type **
Patent, Pin Number Claim Number Registered Holder Percentage Ownership
Croteau Est MiningClaim 5279985 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279986 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279987 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279988 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279989 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279990 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279991 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279992 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279993 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279994 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5279995 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281345 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281351 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281368 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281369 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281370 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281352 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281353 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%
Croteau Est MiningClaim 5281357 Northern Superior Resources Inc. (81897)
100%
JV earningupto 65%

30

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013

Name of entity

Chalice Gold Mines Limited

ABN
47 116 648 956
Quarter ended (“current quarter”)
47 116 648 956 30 September 2015

Consolidated statement of cash flows

Cash flows related to operating activities
1.1
Receipts from product sales and related
debtors
1.2
Payments for (a) exploration & evaluation
(b) development
(c) production
(d) administration
1.3
Dividends received
1.4
Interest and other items of a similar nature
received
1.5
Interest and other costs of finance paid
1.6
Income taxes paid
1.7
Other (provide details if material)
Net Operating Cash Flows
Current quarter
$A’000
Year to date
(3 months)
$A’000
45
(2,216)
-
-
(362)
-
32
-
-
(189)
45
(2,216)
-
-
(362)
-
32
-
-
(189)
(2,690) (2,690)
Cash flows related to investing activities
1.8
Payment for purchases of:
(a) prospects
(b) equity investments
(c) other fixed assets
1.9
Proceeds from sale of:
(a) prospects
(b) equity investments
(c) other fixed assets
1.10
Loans to other entities
1.11
Loans repaid by other entities
1.12
Other (provide details if material)
Net investing cash flows
1.13
Total operating and investing cash flows
(carried forward)
-
-
(21)
-
-
-
-
-
-
-
-
(21)
-
-
-
-
-
-
(21) (21)
(2,711) (2,711)
  • See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 1

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

1.13
Total operating and investing cash flows
(brought forward)
(2,711) (2,711)
Cash flows related to financing activities
1.14
Proceeds from issues of shares, options, etc.
1.15
Proceeds from sale of forfeited shares
1.16
Proceeds from borrowings
1.17
Repayment of borrowings
1.18
Dividends paid
1.19
Other (provide details if material)
Net financing cash flows
-
-
-
-
-
-
-
-
-
-
-
-
- -
Net increase (decrease) in cash held
1.20
Cash at beginning of quarter/year to date
1.21
Exchange rate adjustments to item 1.20
1.22
Cash at end ofquarter
(2,711)
39,865
3,411
(2,711)
39,865
3,411
40,565 40,565

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

1.23
1.24
Aggregate amount of payments to the parties included in item 1.2
Aggregate amount of loans to the parties included in item 1.10
Current quarter
$A'000
149
-
1.25
Explanation necessaryfor an understandingof the transactions
Item 1.7 - represents costs associated with business development activities.
Item 1.23 - Amounts paid to related parties includes remuneration, directors’ fees and consulting
fees paid to directors.
Non-cash financing and investing activities
2.1
Details of financing and investing transactions which have had a material effect on
consolidated assets and liabilities but did not involve cash flows
Nil
2.2
Details of outlays made by other entities to establish or increase their share in projects in
which the reportingentityhas an interest
Nil
Explanation necessaryfor an understandingof the transactions
Item 1.7 - represents costs associated with business development activities.
Item 1.23 - Amounts paid to related parties includes remuneration, directors’ fees and consulting
fees paid to directors.
  • See chapter 19 for defined terms.

Appendix 5B Page 2

01/05/2013

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

Amount available Amount used
$A’000 $A’000
3.1 Loan facilities Nil Nil
3.2 Credit standby arrangements Nil Nil

Estimated cash outflows for next quarter

4.1
Exploration and evaluation
4.2
Development
4.3
Production
4.4
Administration
$A’000
1,470
-
-
370
Total 1,840

Reconciliation of cash

Reconciliation of cash at the end of the quarter (as
shown in the consolidated statement of cash flows)
to the related items in the accounts is as follows.
Current quarter
$A’000
Previous quarter
$A’000
5.1
Cash on hand and at bank
5.2
Deposits at call
5.3
Bank overdraft
5.4
Other (provide details)
12,898 18,651
27,667 21,214
- -
- -
Total: cash at end of quarter(item 1.22) 40,565 39,865
  • See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 3

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

Changes in interests in mining tenements and petroleum tenements

6.1
Interests in mining
tenements and
petroleum
tenements
relinquished,
reduced or lapsed
6.2
Interests in mining
tenements and
petroleum
tenements
acquired or
increased
Tenement reference
and location
Nature of interest
(note (2))
Interes
t at
beginn
ing of
quarte
r
Interest at end
of quarter
Canada:
Rainy River Project
Patents:
56046-0077
56046-0079
56046-0086
56046-0076
56046-0031
56046-0034
56046-0038
56046-0044
Earning in, option agreement
Earning in, option agreement
Earning in, option agreement
Earning in, option agreement
Earning in, option agreement
Earning in, option agreement
Earning in, option agreement
Earning in, option agreement
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Nil

Issued and quoted securities at end of current quarter Description includes rate of interest and any redemption or conversion rights together with prices and dates.

Total number Number quoted Issue price per
security (see
note3) (cents)
Amount paid up
per security (see
note3) (cents)
7.1
Preference
+securities
(description)
7.2
Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns
of capital, buy-
backs,
redemptions
Nil Nil N/A N/A
N/A N/A N/A N/A
7.3
+Ordinary
securities
282,710,802 282,710,802 N/A N/A
  • See chapter 19 for defined terms.

Appendix 5B Page 4

01/05/2013

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

7.4
Changes during
quarter
(a) Increases
through issues
(b) Decreases
through returns
of capital, buy-
backs
Nil
Nil
Nil
Nil
N/A
N/A
N/A
N/A
7.5
+Convertible
debt
securities
(description)
7.6
Changes during
quarter
(a) Increases
through issues
(b) Decreases
through
securities
matured,
converted
Nil N/A N/A N/A
Nil
Nil
Nil
Nil
N/A
N/A
N/A
N/A
7.7
Options
(unlisted)
Performance
Rights
1,050,000
500,000
Nil
Nil
Exercise price
$0.30
$0.25
Expiry date
30 June 2016
31 October 2017
3,147,457
3,783,673
Nil
Nil
N/A
N/A
30 June 2018
30 June 2019
7.8
Issued during
quarter
Options
Performance
Rights
7.9
Exercised
during quarter
Options
Performance
Rights
7.10
Expired during
quarter
Options
Performance
Rights
Nil Nil N/A N/A
Nil Nil N/A N/A
Nil Nil N/A N/A
Nil Nil N/A N/A
Nil Nil N/A N/A
(383,250) Nil N/A 30 June 2018
7.11
Debentures
(totals only)
Nil Nil
7.12
Unsecured
notes(totals
only)
Nil Nil

Compliance statement

  • See chapter 19 for defined terms.

01/05/2010 Appendix 5B Page 5

Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report

  • 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).

  • 2 This statement does give a true and fair view of the matters disclosed.

Sign here:

==> picture [100 x 40] intentionally omitted <==

Date: 30 October 2015

(Company secretary)

Print name: Leanne Stevens

Notes

  • 1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

  • 2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.

  • 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .

  • 4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.

  • 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

  • See chapter 19 for defined terms.

Appendix 5B Page 6

01/05/2013