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TECHNICAL REPORT

ON THE

KITTSON-COBALT PROPERTY

Kittson and Coleman Townships Larder Lake Mining Division, Ontario, Canada

NTS Map Sheet 31/M05

Centered on UTM NAD83 Zone 17 582,500 mE, 5,246,000 mN Latitude Longitude

Prepared for:

Edison Cobalt Corp.

Suite 820, 1130 West Pender St Vancouver BC V6E 4A4

Report Date: June 9, 2021 Effective Date: July 16, 2021

Qualified Persons Allan Armitage, Ph. D., P. Geo., Alan Sexton, MSc, P.Geol.

Company

SGS Geological Services GeoVector Management Inc.

SGS Project # P2021-046

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page i

TABLE OF CONTENTS PAGE	TABLE OF CONTENTS PAGE
TABLE OF CONTENTS ................................................................................................................................. i
LIST	OF FIGURES ........................................................................................................................................ ii
LIST	OF TABLES .......................................................................................................................................... iii
1	SUMMARY ........................................................................................................................................... 4
	Property Description, Location, and Access ................................................................................. 4
	History ........................................................................................................................................... 5
	Geology and Mineralization ........................................................................................................... 7
	Deposit Type ................................................................................................................................. 8
	Recent Exploration ........................................................................................................................ 9
	Mineral Processing and Metallurgical Testing ............................................................................ 10
	Mineral resource estimate ........................................................................................................... 10
	Conclusions and Recommendations .......................................................................................... 10
2	INTRODUCTION ................................................................................................................................ 13
	Sources of Information ................................................................................................................ 13
	Site Visit ...................................................................................................................................... 14
	Units and Abbreviations .............................................................................................................. 16
3	Reliance on Other Experts ................................................................................................................. 17
4	PROPERTY DESCRIPTION AND LOCATION .................................................................................. 18
	Mineral Tenure ............................................................................................................................ 19
	...................................................................................... 26
	Property Claim Status ................................................................................................................. 26
	Underlying Agreements ............................................................................................................... 28
	Permits and Authorization ........................................................................................................... 28
	4.5.1 Exploration Plans and Permits Required under the Mining Act .......................................... 29
	Environmental Considerations .................................................................................................... 30
5	ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE, AND PHYSIOGRAPHY ..
	............................................................................................................................................................ 31
	Access, Infrastructure, and Resources ....................................................................................... 31
	Physiography, Climate and Vegetation ....................................................................................... 31
6	HISTORY ............................................................................................................................................ 33
	Property History........................................................................................................................... 33
	Historical Mineral Resource and Mineral Reserve Estimates ..................................................... 35
7	GEOLOGICAL SETTING AND MINERALIZATION ........................................................................... 36
	Regional Geology ........................................................................................................................ 36
	7.1.1 Archean basement .............................................................................................................. 37
	7.1.2 Proterozoic Huronian Supergroup....................................................................................... 37
	7.1.3 Proterozoic Nipissing Diabase sills ..................................................................................... 38
	7.1.4 Regional Structural Geology ............................................................................................... 39
	7.1.5 Silver-Cobalt Vein Mineralization in the Cobalt Embayment .............................................. 39
	7.1.6 Other types of mineralization in the Cobalt Embayment ..................................................... 40
	Property Geology and Mineralization .......................................................................................... 40
	7.2.1 Shakt-Davis Mine ................................................................................................................ 40
	7.2.2 Kittson-Cobalt Mine ............................................................................................................. 40
	7.2.3 Edison (Darby) Mine ........................................................................................................... 41
	Mineralization .............................................................................................................................. 41
8	DEPOSIT TYPES ............................................................................................................................... 42
	Five-element (Co Ni ~~A~~s ~~A~~g ~~B~~i) vein descriptive Model ........................................................... 42
	Gold-Bearing Polymetallic (Cu + Co + Ag + Au + Bi ± Pb ± Ni ± U) Veins ................................. 42
9	EXPLORATION .................................................................................................................................. 45
	2017 Reconnaissance Prospecting and Geological Mapping .................................................... 45
	2018 Prospecting Program ......................................................................................................... 49
	2019 Soil Survey ......................................................................................................................... 52
10	DRILLING ........................................................................................................................................... 53
	2017 Winkie Drill Program .......................................................................................................... 53
	10.1.1 Summary of 2017 Drilling Results ....................................................................................... 55

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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page ii

	2018 Winter Diamond Drill Program ........................................................................................... 57
	10.2.1 Summary of Winter 2018 Drill Program .............................................................................. 62
	2018 Summer Diamond Drill Program ........................................................................................ 65
11	SAMPLE PREPARATION, ANALYSES, AND SECURITY ................................................................ 70
	2017 Program.............................................................................................................................. 70
	2018 Winter Program .................................................................................................................. 70
	2018 Summer Program ............................................................................................................... 71
	Conclusion ................................................................................................................................... 72
12	DATA VERIFICATION ........................................................................................................................ 73
	Site Inspection ............................................................................................................................. 73
	Conclusion ................................................................................................................................... 75
13	MINERAL PROCESSING AND METALLURGICAL TESTING .......................................................... 76
14	MINERAL RESOURCE ESTIMATE ................................................................................................... 77
15	MINERAL RESERVE ESTIMATES .................................................................................................... 78
16	MINING METHODS............................................................................................................................ 79
17	RECOVERY METHODS .................................................................................................................... 80
18	PROJECT INFRASTRUCTURE ......................................................................................................... 81
19	MARKET STUDIES AND CONTRACTS ............................................................................................ 82
20	ENVIRONMENTAL STUDIES, PERMITTING AND SOCIAL OR COMMUNITY IMPACT ................ 83
21	CAPITAL AND OPERATING COSTS ................................................................................................ 84
22	ECONOMIC ANALYSIS ..................................................................................................................... 85
23	ADJACENT PROPERTIES ................................................................................................................ 86
24	OTHER RELEVANT DATA AND INFORMATION ............................................................................. 87
25	INTERPRETATION AND CONCLUSIONS ........................................................................................ 88
26	RECOMMENDATIONS ...................................................................................................................... 88
27	REFERENCES ................................................................................................................................... 91
28	DATE AND SIGNATURE PAGE ........................................................................................................ 94
29	CERTIFICATES OF QUALIFIED PERSONS ..................................................................................... 95
APPENDIX A ............................................................................................................................................... 98

LIST OF FIGURES

Figure	2-1	Slumped Core Racks at the Landing area core from the Shakt-Davis Shaft Area ........... 14
Figure	2-2	Collar location for drill holes ED18-10, 11, 12 ..................................................................... 15
Figure	4-1:	Location of the Property within the Province of Ontario, Canada ........................................ 18
Figure	4-2:	Current Kittson Property Land Tenure Map ......................................................................... 19
Figure	4-3	Kittson Property Land Tenure Map Prior to 2019 ................................................................ 20
Figure	7-1	Simplified Geological Map Showing The General Location of the Study Area (Black
		Rectangle) and the Distribution of the Huronian Supergroup: Murray fault zone (MFZ), Flack
		Lake fault (FLF), Sudbury Igneous Complex (SIC), and Creighton (C) and Murray (M)
		granites (Al-Hashim, 2016) .................................................................................................. 36
Figure	7-2	Regional Geology of the Paleoproterozoic Cobalt Embayment, Northern Ontario, Showing
		the Locations of Au-Bearing Polymetallic Veins, and Other Polymetallic Vein Systems
		(modified from Potter et.al. 2010): SIC = Sudbury Igneous Complex, RLB = Round Lake
		batholith ................................................................................................................................ 37
Figure	8-1	Simplified Exploration Model for the Genesis of Regionally-Distributed, Polymetallic Vein
		Mineralization in the Cobalt Embayment ............................................................................. 44
Figure	9-1	Location of 150 Prospecting Samples Collected on the Northern Portion of the Kittson-Cobalt
		Property In 2017 (geology from OGS Map P3581, 2006) (Flank, 2018) ............................. 46
Figure	9-2	Highlights of the 2017 Prospecting Program in the Northern Portion of the Kittson-Cobalt
		Property (geology from OGS Map P3581, 2006) (Flank, 2018) .......................................... 48
Figure	9-3	Plan Map Highlighting Significant Results of 2017 and 2018 Prospecting in the Edison Mine
		Area ...................................................................................................................................... 50
Figure	9-4	Plan Map Highlighting Significant Results of 2017 and 2018 Prospecting, North Kittson ... 51
Figure	9-5	Plan Map of the 2018 Soil Samples (filled triangles) Showing Gold anomalies (filled circles)
		............................................................................................................................................. 52

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page iii

Figure	10-1	Inclined View of the Historical Mine Workings and Location of Drilling by EDDY in 2017 and
		2018 ..................................................................................................................................... 53
Figure	10-2	Drill Hole Collar Locations from the 2017 Drill Program Conducted By Fladgate Exploration
		for Power Americas (after Flank, 2018) ............................................................................... 55
Figure	10-3	Plan Maps for 2018 Winter Drill Holes 1-15 near the Historical Shakt-Davis Mine Workings
		(from Jeffs, 2019) ................................................................................................................. 58
Figure	10-4	Isometric View Looking Northwest, Showing Historic Mine Workings, Fall 2017 and Winter
		2018 Drilling, and Illustrating Interpreted Higher-Grade Shoots Within The Historic Shakt-
		Davis Mine Area ................................................................................................................... 59
Figure	10-5	Plan Map for Drill Holes 16 and 17 near the Historical Edison Mine Workings ................... 60
Figure	10-6	Plan Maps for 2018 Summer Drill Holes Near the Historical Edison Mine Workings (Clapp,
		2020) .................................................................................................................................... 67
Figure	10-7	Isometric View of the 2018 Summer Drilling in the Edison Shaft Area ................................ 68
Figure	12-1	Half Core Interval from hole ED18-10 Prior to Resampling ................................................. 74
Figure	12-2	Core Interval from hole ED18-10 After Resampling ............................................................ 74

LIST OF TABLES

Table	1-1	Recommended 2021 Work Program by Element79 on the Dale Property .......................... 12
Table	2-1	List of Abbreviations ............................................................................................................. 16
Table	4-1	Kittson Property Mining Claim Data ..................................................................................... 20
Table	5-1	Climate of Earlton, Ontario (Environment Canada, 2006) ................................................... 32
Table	9-1	Prospecting Samples from the 2017 Reconnaissance Program Returning >0.1 wt% Co (see
		EDDY News Release dated October 3, 2017, posted on SEDAR) ..................................... 46
Table	9-2	Significant results of the 2018 Prospecting Program (see EDDY News Releases dated
		September 11, September 25 and October 2, 2018, posted on SEDAR) ........................... 49
Table	10-1	2017 Winkie Drill Collar Information..................................................................................... 54
Table	10-2	2017 Winkie Drill Diamond Drilling Highlights (EDDY News Release dated January 16, 2018,
		posted on SEDAR) ............................................................................................................... 54
Table	10-3	2018 Winter Drill Program Drill Collar Information ............................................................... 57
Table	10-4	Significant Intercepts from the 2018 Winter Drill Program (see EDDY News Release dated
		May 23, 2018 and June 6, 2018, posted on SEDAR) .......................................................... 60
Table	10-5	2018 Winter Drill Program Drill Collar Information ............................................................... 65
Table	10-6	Significant Intercepts from the Summer 2018 Drill Program (see EDDY News Releases dated
		October 23, 2018 and January 15, 2019, posted on SEDAR) ............................................. 69
Table	12-1	Kittson Check Assays June 4, 2021 ................................................................................. 75
Table	26-1	Recommended 2021 Work Program by EDDY on the Kittson Property .............................. 90

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 4

1 SUMMARY

complete a National Instrument 43-101 ("NI 43-101") Technical Report for the Kittson Cobalt Property Townships, Larder Lake Mining Division, Ontario, Canada. The Property is considered an early stage exploration property.

EDDY (formerly Power Americas Minerals Corp) was incorporated on November 8, 2009 under the Business Corporations Act of British Colu

are traded on the TSX-V under the symbol EDDY, on the Frankfurt Stock Exchange under the symbol VV0 and registered and records office is located at Suite 820 1130 West Pender Street, Vancouver, BC, V6E 4A4 Canada.

This report will be used by EDDY in partial fulfillment of their continuing disclosure requirements under Canadian securities laws, including National Instrument 43-101 Standards of Disclosure for Mineral - The effective date of this report is June 4[th] , 2021. report. Armitage and Sexton are independent Qualified Persons as defined by NI 43-101. Sexton conducted a site visit to the Kittson Cobalt Property on June 4th, 2021.

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Property Description, Location, and Access

The Property is located approximately 10 km northwest of Latchford, 30 km due west of Cobalt, and 130 km north of North Bay (Figure 4 1), Kittson and Coleman Townships Larder Lake Mining Division, Ontario, NAD83 Zone 17 T 5,246,000 m North by 582,500 m East.

The Kittson Property currently consists of 160 unpatented single cell and boundary cell mining claims, and a single patented claim, the Edison Patent (PAT-18015), which totals 16 hectares. The unpatented claims are currently 100% owned by EDDY. All unpatented claims are currently in good standing and active with anniversary dates of June 22, October 6 and October 31, 2023.

On January 23, 2017, EDDY entered into an option agreement to acquire a 100% interest in the original 5 the Property. Under the terms of the Option Agreement, EDDY can earn a 100% interest in the Property for an aggregate purchase of $1,280,000 payable by a combination of common shares and cash, of which $1,250,000 of the purchase price was satisfied by the issuance of 6,250,000 common shares at a deemed price of $0.20 per common share, and $30,000 cash payable within 12 months following the execution of the Option Agreement. The terms of the option agreement have been met and EDDY currently own a 100 % interest in the Property. The Property is subject to an underlying 2% Net Smelter Return royalty payable to Neil Pettigrew, the underlying Optionor, of which 1.5% may be purchased by the Company for $1,000,000.

On November 22, 2017 EDDY entered into an option agreement to acquire a 100% interest in the 10 additional legacy claims for $1,430,00 payable by the issuance of 13,000,000 common shares of the Company at a deemed price of $0.11 per share, no net smelter return royalty was included in the option agreement. These 10 legacy claims (4264414, 4264415, 4264416, 4264417, 4264418, 4287873, 4287874, 4287875, 4287876, 4287877) which comprise the rest of the current Kittson property. The terms of the option agreement have been met and EDDY currently holds 100% interest in these claims.

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 5

On May 30, 2018, the Company executed an agreement to purchase the Thomas Edison mine located in the area of the Property. The Edison Purchase closed on June 11, 2018. The purchase price of the mine was $30,723 in cash and expenses. The mine lies on the same fracture system that hosts the Shakt-Davis mine located ~1 km to the east. The Edison Purchase consists of one 16-hectare patented claim with both surface and mineral rights.

The Property is accessed in the summer months by driving north from Latchford, Ontario, a small town with population of ~400, which is 130 km north of North Bay along Trans-Canada Hwy 11. The Property is 10 km west of the all-weather Trans-Canada Highway that extends north from North Bay and carries on northwestward to Cochrane and Kapuskasing.

Roughly 5 km north of Latchford is a turn-off at Gillies westward towards Portage Bay. The property is Portions of the Montreal River and Bay Lake may not freeze during the winter months, and therefore winter crossings are not advised.

Logging roads exist towards the south end of the property, which connect to the Red Squirrel Road accessed through the town of Temagami North. Permission is required from the Ontario Ministry of Natural Resources to use motorized vehicles on the logging roads that enter the southwest claims of the Property.

Power is readily accessible from hydro lines along this route. There is a very experienced workforce available across northeastern Ontario, with personnel available in Sudbury, Timmins, North Bay, and across to Thunder Bay in the northwest. Contractors, equipment and supplies can be brought in from New Liskeard Kittson-Cobalt Property, with well-known mining heritage, and established gold and base-metal operations and infrastructure.

There is an airport in Timmins with service to major centers such as Toronto and Montreal, as well as access to two CN rail lines, one that runs east-west along the Trans-Canada Highway, and another that runs north-south along Highway 634, passing 25 km from the project site.

Mineral exploration programs are best carried out during the summer months as barges can be used to ferry equipment and personnel across the Montreal River. Prospecting can only be done in the non-winter months because of snow cover, and any winter drill programs require helicopter support and are limited by the weight restriction of slung material. As mentioned above, special permission is required to access the Property by motorized vehicle along the Red Squirrel Road from the southwest.

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History

The Kirkland Lake District encompasses the eastern extents of the Abitibi greenstone belt in Ontario, which is overlain and intruded by Southern Province sedimentary and mafic intrusive rocks that are in turn overlain by Paleozoic carbonate-clastic sedimentary rocks and Quaternary glacial deposits. Three main geologic features have been successfully targeted for economic mineral deposits in the Kirkland Lake District over the past 100 years; the Porcupine ~~D~~ estor Deformation Zone, the Larder Lake ~~C~~ adillac Fault and the Huronian ~~N~~ ipissing rocks in the Cobalt Silver Camp.

The initial discovery of silver in the Cobalt Silver Camp was made west of Lake Temiskaming in 1903 during the construction of the Temiskaming and Northern Ontario Railway. This was the beginning of the rich mining history in the area. The spot along the railway was named Cobalt after one of the elements found in the arsenide minerals within the veins. The first mines commenced production as early as 1904 and mining was, more or less, continuous until 1989 with production peaking in 1911. In addition to silver, cobalt, nickel and copper were recovered from the ore. Mineralization was not just limited to the area immediately around

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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 6

Cobalt, but was recovered from areas of similar geological environments within the Cobalt embayment of the Southern Province, near Gowganda in the west to Silver Center in the southeast.

Over 550 million ounces of silver, 24.6 millian pounds of cobalt, 3.6 million pounds of nickel, and 2.6 million pounds of copper was produced from about 140 properties between 1904 and 1989.

In the early 1900s, several high grade Co-Ag-veins containing Ni and varying amounts of Au were explored in the Property area, many striking NE-SW (Watts, 1993). Marginal notes on OGS Map P3116 declare that shaft-sinking, and tunneling at the Canadian prospect (Cobalt-Kittson mine), located on the Montreal River (Kittson Township), and at the Shakt-Davis Mine on the northeastern shore of Kitt Lake near the Kittson-

In 1923 an Ontario Department of Mines report describes work carried out by Crescent Silver Cobalt Mining The next reported work on the prospect was in 1927 when the Cobalt-Kittson Silver Mining Syndicate did some surface work, installed a small mining plant, and sank a 2-compartment shaft to a depth of 250 ft -Kittson Mines Ltd. was incorporated to acquire and further develop the property. The following is an excerpt from an Assessment Report written by H. Watts (1993) detailing the history of exploration near Shakt-Davis:

t to 628 ft and carried out lateral work on 4 levels: 30 ft on the 60 ft level, 386 ft on the 250 ft level, 860 ft on the 450 ft level, and 400 ft on the 625 ft level. Values in Co, Ag, Au and Ni were encountered but no positive ore shoots outlined. Channel samples from the 450 ft level said to be from a vein 2.5-4 ft wide, are reported to have averaged 2-4% Co, 4-13% Cu, 3-6 oz/ton Ag, and $4-$7/ton Au (Au @ $20.67/oz; equating to 5.4-9.6 g/t Au). High grade Co mineralization was reported also from the other levels. The total production of the mine was 600 Cobalt.)

In 1935, Kittson Hazelton Gold Mines Ltd., an amalgamation of Cobalt-Kittson Mines Ltd. and Hazelton Porcupine Gold Mines Ltd. was incorporated and acquired the claims, however, no development work was carried out. In 1947, title to the property was transferred to Canadian Cobalt and Metals Company Ltd. The shaft was dewatered in 1949, and it is reported that a small amount of diamond drilling was done although no records remain (Johns, 1985). Limited diamond drilling of an unknown amount was carried out in 1951 and was followed by minor underground development in 1953 and 1964 by Aconic Mining Corporation (OGS Map P3116). Two drill holes are reported by A. Arsenault in 1968 and 1971, with no assays and very meager drill log descriptions.

During a 1987 OGS mapping survey over the Brigstocke and Kittson Townships a single sample was collected on the eastern shore of Harris Lake. This sample was collected of a quartz-pyrite vein hosted in diabase which returned 0.02 oz/t Au, 1370 ppm Co, 730 ppm Cu and <0.10 oz/t Ag. No follow up work on this sample has been recorded.

Minor prospecting, trenching, and blasting was carried out on the property by H. Watts between 1991 and 2011, with limited success. A magnetometer and electromagnetometer survey was conducted over the property by the same prospector in 1991. The program utilized grid spacingat 100 metre intervals with picket spacing of 25m. The instruments used in this survey were a Geometrics Unimag II model G846 proton magnetometer and a Geonics E.M. 16 electromagnetometer. Total line distance was 21.7 km. The surveyed township line between Coleman and Kittson Townships were brushed out and used as a base line. Picket lines were turned off with a Brunton Compass on a tri-pod at 100 m intervals and lines cut and chained. All E.M. readings were taken facing north and the station used was NAA Cutler, Main @ 24.0 KH2.The results obtained from the E.M. Survey indicate N-S trending structures.

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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 7

A high-resolution magnetic helicopter-borne geophysical survey was flown by Fugro in 2006 for Temex Resources Corp., as they held an extensive claim package in the region at this time. A till-sampling program was also carried out in 2006 and 2007 for Contact Diamond Corp. across portions of the current property.

Strike Minerals optioned the Kittsonindicates exploration costs of $207,007 on the property suggesting they did some work, with a total write down of $227,007. Strike constructed an access trail into the Kittson-Cobalt and completed a three hole diamond drill program totaling 679 metres (2,227.1 feet).

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Geology and Mineralization

The Cobalt-Gowganda silver-cobalt mining camps of northeastern Ontario, including the Property, are located in the Cobalt Embayment, which represents the northeastern part of the Southern geological province, close to the boundary of the Superior and Grenville provinces.

Archean metavolcanic and metasedimentary rocks are unconformably overlain by Proterozoic rocks of the Huronian Supergroup. The Archean and Proterozoic rocks have been intruded by the regionally distributed Nipissing diabase sills. All deposits in the Gowganda, Cobalt, and Silver Centre production camps are hosted within or adjacent to the diabase sills, in close proximity to the Huronian- Archean unconformity. In the northeastern corner of the embayment, outliers of Paleozoic sedimentary rocks made up of limestone, dolostone, and sandstone unconformably overlie the Huronian sedimentary rocks followed by Pleistocene and Recent sediments.

Deformation within the Cobalt Embayment is dominated by faults. A major southeast-trending fault system is manifested by the Latchford, Montreal River, Cross Lake, and Timiskaming Faults (Figure 7 2). This regional-scale fault system is part of the Lake Timiskaming Structural Zone, a graben that trends from the Grenville Front and extends across the Cobalt Embayment well beyond the Cobalt/Kirkland Lake area.

The axial portion of the graben is filled with flat lying Ordovician and Silurian sedimentary rocks that rest unconformably upon both Archean and Proterozoic rocks. Faulting affects these Paleozoic rocks with fault displacements as great as 305 m, noted along the Lake Timiskaming fault. These faults can be traced up to hundreds of kilometres and represent one of the three major fault systems in the Cobalt and Silver Centre areas. Geological and geophysical evidence indicates that these major fault systems were probably initiated in the late Archean, prior to Huronian sedimentation, and were reactivated during and after Huronian sedimentation and intrusion of Nipissing diabases. They probably exerted a major influence on the geological development of the Cobalt Embayment, the most obvious effects of which related to the configuration of the Archean basement topography, Huronian sedimentation patterns, and Nipissing diabase intrusions. Post diabase fault activity has long been cited as one potential mechanism for generating the structures that now host the Silver-Cobalt vein deposits.

The second fault set trends northeast, and the largest of these, the Cobalt Lake fault, offsets the Nipissing diabase prior to silver mineralization (Map 2050; Thomson, 1964a). These faults and the southeast-trending system are generally veined with carbonate and silicate minerals and exhibit no apparent control over the occurrence of the silver veins, as most are barren. The third set of faults, trending east-southeast, are generally smaller, subvertical normal faults that show displacements of up to 7.5 m, and locally host silver veins.

Mineralization in the Cobalt Embayment occurs as Ag-Co-Ni-Bi-arsenides predominantly hosted in veins and stockworks known as Five-Element Vein Type deposits. Since 1904, the Cobalt mining camp produced 458,830,085 oz Ag, 19,392,037 lbs Co, 3,407,495 lbs Ni and 1,964,728 lbs Cu (Gouindon et al., 2016). Production of silver from the Cobalt camp reached its peak in 1911 when 31,507,791 oz were shipped and continued at a high level until 1922 with the production of 10,711,727 oz. A decline in the price of silver in the early 1920s and exhaustion of high-grade silver ore caused most mines to close.

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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 8

The silver-cobalt vein deposits at Cobalt and Gowganda mining camps were discovered along the north and northeast margins of the Cobalt Embayment, where the Proterozoic vein systems typically occur in proximity to pre-Huronian faults that were reactivated during emplacement of the Nipissing Diabase, ca. 2219 Ma. There is a regional spatial distribution of silver-cobalt vein mineralization. Silver dominant veins with subordinate cobalt, nickel, copper and zinc content, occur in the northern part and margin of the embayment, in the area of Gowganda. Cobalt dominant over silver vein mineralization is mainly found in the eastern margin of the embayment, in the Cobalt and Silver Centre mining camps.

All known deposits of economic grade in the Cobalt and Gowganda mining camps, irrespective to host lithology, are hosted within or adjacent to the regionally distributed Nipissing diabase sills, in close proximity to the Huronian-Archean unconformity. They occur within the diabase itself and (or) within 200 m of its upper and lower contacts. However, more than 90% of the silver produced in the main Cobalt camp came from veins in the Huronian Cobalt Group sediments adjacent to (underlying) the lower diabase sill contact.

The Property lies within the central Cobalt Group of the Huronian Supergroup, dominated by Lorrain Formation arkoses and quartz arenites, and underlain by upper Gowganda Formation wackes, siltstones and mudstones. Nipissing diabase dykes and sills intruded along the Lorrain-Gowganda contact. The dominant regional structure trends to the northwest and is represented by the Latchford Fault which runs through Bay Lake on the eastern edge of the Property. The area has been intruded by Nipissing diabase sills.

The Property includes three historical producing Co-Ag mines, namely the Kittson-Cobalt Mine, Shakt-Davis and Edison (also known as Darby) Mine. These mines, unlike those in the nearby Cobalt silver camp, were developed primarily for their cobalt content, and interestingly possessed significant gold content (locally >1 oz/ton). The mines are hosted in a 70-120 m wide diabase dyke cutting arkoses of the lower Lorrain Formation near the Gowganda-Lorrain contact. Smaltite, and other cobalt-nickel sulpharsenide minerals occur in calcite veins which are vertically dipping, varying in width between 0.1-1.5 m. These mineralized veins are hosted within fractures and faulted zones parallel to the diabase dyke and are focused along both the contacts of the diabase dyke and in parallel fractures. As a general rule, values for Co, Ag, Cu, and Au are usually higher in the calcite-bearing, rather than quartz-bearing veins. This is characteristic of the Kittson area, in contrast to the Cobalt mining camp. All three historical mines saw very limited production in the pre-1950s era. The Shakt-Davies mine had the most underground development.

The main target on the Property is calcite-quartz veins hosting Co-Ag-Ni-Au-Cu mineralization, such as arsenides (e.g. smaltite, skutterudite, cobaltite, etc.) and sulphides (e.g. chalcopyrite, pyrite, etc.). Veins are typically 1 to 7 m wide with the most calcite-rich portions typically higher in Co, Ag, Cu and Au content. This is more typical of the Gowganda mining camp than the nearby Cobalt mining camp where the quartzrich portions of the veins typically carried the better grades of mineralization. Calcite alteration may therefore be a vector to economic mineralization on the Property.

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Deposit Type

The silver-cobalt veins in the Cobalt Embayment are typical of the five-element (C ~~o~~ N ~~i As~~ Ag ~~B~~ i) vein assemblage recognized as a distinctive ore type (Faure, 2018, Kissin 1992). In Canada, major districts are Cobalt Gowganda, Thunder Bay in Lake Superior, and Echo Bay Silver Islet in Northwest Territories. Although best known for the economically important Ag-Co veins of the Cobalt mining camp, the Cobalt Embayment also hosts numerous other regionally-distributed, gold-bearing polymetallic (Fe, Cu, Ni, Co, As, Au, Ag, Bi ± U) calcite-quartz vein systems (Potter and Taylor, 2010). Veins on the Property exhibit many of the geologic characteristics of both the five-element vein assemblage and gold-bearing calcitequartz vein systems such as the gold-bearing polymetallic veins of the Merico-Ethel Property, located to the northwest, along the Latchford Fault.

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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 9

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Recent Exploration

Since acquisition of the Property, EDDY has completed prospecting, geological mapping, soil sampling, and drilling including 7 Winkie drill holes (166 m) and 38 diamond drill holes (4,407 m).

EDDY completed an initial prospecting program in 2017 which included reconnaissance prospecting and geological mapping. The primary focus of the 2017 exploration program was to define and better understand the historical cobalt mineralization on the Property in order to develop drill targets for a future drill program. Preliminary prospecting results from this program returned up to 3.66% Cobalt.

Between September 12 and November 15, 2017, EDDY drilled seven shallow BTW-sized diamond drill holes totaling 166 m using an ultralight Winkie drill. This drilling was undertaken by Fladgate Exploration Consulting Corporation of Thunder Bay, Ontario, with Neil Pettigrew, P.Geo, acting as the Qualified Person and supervisor of the program.

The program successfully intersected the fracture zone that hosts the Shakt-Davis mineralization over a strike length of 55 metres and to a maximum depth of 30 metres. The fracture zone ranged from 5 to 13 metres wide (drilled core length) and hosted several 0.1 - 1.0 metre wide quartz-carbonate veins surrounded by intense carbonate alteration. Fracture- and vein-controlled cobalt mineralization in the form of smaltite and erythrite ("cobalt bloom") occurred throughout this zone with values as high as 1.62% Co over 0.3 metres.

EDDY completed a drill program on the Property during the winter of 2018. A total of 17 drill holes, totaling 1,750 metres, of BTW-size core were drilled, 15 targeting the historical Shakt-Davis mine area and 2 holes targeting the eastern extension of the historical Edison mine. The program extended the Shakt-Davis mineralization east of the existing mine workings. Holes KIT-18-009 and - 010 represent the furthest east drilling on the Shakt-Davis structure returning up to 0.12% cobalt over 6.23 metres including 0.56% cobalt over 0.57 metres. The mineralization remains open to the east. The final two holes of the program (KIT-18016 and -017) tested the eastern extension of the historical Edison mine. Both holes successfully intersected the Edison structure returning up to 0.40% cobalt over 0.41 metres, indicating that the Edison structure has exploration potential outside of historical mine workings.

During the summer of 2018, EDDY completed a program of prospecting and diamond drilling. A total of 360 prospecting samples were collected during this program, highlighting >1% Cobalt. This included the first prospecting samples collected from the recently acquired historical Edison mine which returned up to 6.13 % cobalt. A new zone, North Kittson was also discovered approximately 500 metres north of the historical Kittson mine with prospecting samples returning up to 2.18 % cobalt and significantly up to 7.83 g/t gold. Geological mapping also confirmed that the Shakt-Davis and Edison mines are hosted on the same east-west trending fracture zone and that this fracture zone extends for >1.5 kilometres. A full 34 % of the prospecting samples collected along this fracture returned >0.1 % cobalt and 16 % returned >1.0 % cobalt.

A total of 2,620 metres (21 holes) were completed during the program. This drilling represented the first exploration on the historical Edison mine in over 100 years. Highlights include 0.34% cobalt over 2.65 metres including 0.98% cobalt over 0.35 metres in hole ED-18-010, hole KIT-18-012 which returned 0.27% Co over 2.65 metres including 1.24% Co over 0.35 metres and a separate intercept of 0.63% Co over 1.00 metres, hole ED-18-013 which returned a wide intercept of 0.07% Co over 9.28 metres Including 0.88% Co over 0.31 metres, and hole ED-18-015 which encountered two zones returning 0.48% Co over 1.85 metres, including 0.55% Co over 1.02 metres. The drill program successfully intersected the fracture zone that hosts the Edison mine mineralization. The fracture zone was much wider than was observed at surface, ranging from 7 to 30 metres wide (drilled core length) hosting several 0.1 - 2.0 metre quartz-carbonate veins surrounded by intense carbonate alteration. Fracture and vein controlled cobalt mineralization in the form

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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 10

of smaltite and erythrite (cobalt bloom) occurred throughout this zone with values as high as 1.24% Cobalt over 0.35 metres.

In November 2019 the Company completed a soil sampling program and whole rock geochemistry study on the 2018 drill core from the historical Edison Mine. A total of 662 soil samples were collected in the Edison and Kittson Mine area (Figure 9 5), and 200 drill core samples submitted for whole rock geochemistry for the purposes of characterizing the rocks.

Unfortunately, the soil samples returned no Ag or Co anomalies, but up to 300 ppb Au; with a total of 7 samples greater than 50 ppb. As discussed above, gold is a known component of the veins at Kittson.

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Mineral Processing and Metallurgical Testing

There has been no metallurgical testing by EDDY on samples from the Property.

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Mineral resource estimate

EDDY has yet to complete a MRE on the Property.

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Conclusions and Recommendations

There are three past-producing Co-Ag mines on Property, namely the Shakt-Davis, Cobalt-Kittson, and Edison Mines. From these historical workings as well as the extensive Ag mining that took place to the east near Cobalt, Ontario, the geological model constraining the mineralization is quite well known; i.e. copper, cobalt, silver, and gold mineralization is related to Nipissing diabase dykes and sills intruding arkoses of the Lorrain Formation and laminated shaley mudstones of the Firstbrook Member in the Gowganda Formation (Flank, 2018). The three deposits show the general characteristics of five element vein systems and/or gold-bearing polymetallic (Fe, Cu, Ni, Co, As, Au, Ag, Bi ± U) calcite-quartz vein systems associated with Nipissing diabase dykes that characterize the dominant mineralizing systems in the Cobalt Embayment. The same narrow (70 m -120 m wide) Nipissing diabase dyke hosts all three deposits, referring to the three mines in and around the Property.

The mineralization on the Property is hosted in Proterozoic quartz-carbonate veins within brittle fracture zones in hydrothermally altered Nipissing diabase. These fracture zones are roughly parallel to an extensive E-W-trending diabase dyke system. Historical work indicates this project represents a cobalt-gold-rich, silver-poor example of the more classical silver-rich mineralization found in the Cobalt camp proper, directly to the east of the Property. This cobalt-gold style of mineralization is found elsewhere in the larger cobalt embayment such as in the Silver Centre and Temagami areas, and was historically not as extensively exploited due to their lower silver grades. As a result, whereas much of the near-surface silver-rich cobalttype mineralization has been mined-out, much of the lower silver- higher cobalt-type mineralization remains in the ground.

All geological data has been reviewed and verified by Authors as being accurate to the extent possible and to the extent possible all geologic information was reviewed and confirmed. There were minor errors identified within the 2018 summer drill hole database with respect to final drill hole azimuths and lengths, which were corrected during the validation process.

prospective E-W-trending fracture zone, only portions of which have been tested. While substantial underground development was conducted on the project, very few historical records of this work remain, making evaluation of the cobalt mineralization difficult (Flank, 2018). Therefore, continued exploration including diamond drilling is required in order to better evaluate the quality and quantity of the cobalt mineralization on the project.

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A two-phase program is recommended for the Kittson Property. The Phase 1 recommended work program should include an extensive regional mapping and prospecting program, to identify further areas of potential Co-bearing mineralization. Three dimensional geological and mineralization models of the Shakt-Davis, Cobalt-Kittson, and Edison Mines mine areas should be developed that incorporates recent drilling information (e.g. lithological and geochemical), so that new drill targets can be selected. The 3D modelling may help better define controlling lithology/structures, i.e. Nipissing diabase dykes, dip/plunge direction of shear structures and intersection lineation defined by cross-cutting shear structures.

Phase 2 should consist of a minimum of 2,000 metres of diamond drilling to test any potential mineralized structures or lithology outlined by the Phase 1 work, and to test on-strike and down-dip/down-plunge extensions of existing mineralization.

A proposed program and budget for the 2021 is outlined below (Table 1-1).

The Authors have reviewed the proposed program for further work on the Property and, in light of the observations made in this report, supports the concepts as outlined. Given the prospective nature of the at the Property merits further exploration and that proposed plans for further work are justified. The current proposed work program will help advance the Property and will provide key inputs required to evaluate the potential on the Property.

The Authors recommend that EDDY conduct the further exploration as proposed, subject to funding and any other matters which may cause the proposed exploration program to be altered in the normal course of its business activities or alterations which may affect the program as a result of exploration activities themselves.

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Table 1-1 Recommended 2021 Work Program by Element79 on the Dale Property

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Phase 1 Compilation, mapping, prospecting, diamond drilling (Fall-2021)
Number Rate Days Amount
Senior Geologist (compilation) 1 $800 10 $8,000
Project Geologists (compilation) 1 $500 10 $5,000
Project Geologist (Field Program) 1 $500 21 $10,500
Geotechnicians (Field Program) 2 $400 21 $16,800
Truck Rental & Gas 2 $100 21 $4,200
ATV Rental & Gas 2 $75 21 $3,150
Camp Accommodations & Food per person per 3 $100 21 $6,300
day
Field Supplies $1,500
Rock Sample Analysis 400 $75 $30,000
Excavator Including Mob & Demob $2,000 10 $20,000
Wajax and channel saw rentals $250 14 $3,500
Assessment Report Writing $5,000
Subtotal $113,950
15% Contingency $17,093
$131,043
Phase 2 2,000 Metre Diamond Drill Program (Winter 2021-2022)
Diamond Drilling Including Mob & Demob 2,000 $130 $260,000
Senior Geologist (supervision) 1 $800 14 $11,200
Project Geologists 1 $500 28 $14,000
Geotechnicians 1 $400 28 $11,200
Truck Rental & Gas 2 $100 28 $5,600
ATV Rental & Gas 2 $75 21 $3,150
Camp Accommodations & Food $60,000
Core Shack & Core Saw rental $5,000
Supplies $5,000
Rock Sample Analysis $75 700 $52,500
Assessment Report $10,000
Revised NI 43-101 Technical Report $40,000
Subtotal $477,650
10% Contingency $47,765
Phase II total $525,415
Grand Total $656,458
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2 INTRODUCTION

SGS Geological Services Edison Cobalt Corp. ("EDDY" or the "Company") to complete a National Instrument 43-101 ("NI 43-101") Technical Report for the Kittson Cobalt Property ( Kittson and Coleman Townships, Larder Lake Mining Division, Ontario, Canada. The Property is considered an early stage exploration property.

EDDY (formerly Power Americas Minerals Corp) was incorporated on November 8, 2009 under the exploration and development. On August 3, 2

Allan Armitage, Ph.D., P. Geo. and Alan Sexton, MSc, P.Geol GeoVector Management Inc. responsible for the preparation of the current technical report. Armitage and Sexton are independent Qualified Persons as defined by NI 43-101.

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Sources of Information

The Authors have reviewed geological reports and miscellaneous technical papers, and other public information as listed in Section 27 (References). In addition, the Authors have reviewed news releases and www.sedar.com) under The System for Electronic Document Analysis and Retrieval is a filing system developed for the Canadian Securities Administrators to:

facilitate the electronic filing of securities information as required by Canadian Securities Administrator;
allow for the public dissemination of Canadian securities information collected in the securities filing process; and
provide electronic communication between electronic filers, agents and the Canadian Securities Administrator

The Property was the subject of a technical report by Steven Flank, M.Sc., P.Geo. and is presented in a NI 43-101 Technical Report tit NI 43-101 Independent Technical Report on the Kittson-Cobalt Property, Kittson, Coleman, and Brigstocke Townships, Larder Lake Mining Division, Ontario, Canada February 16, 2018. The report was prepared for Power Americas Minerals Corporation (now EDDY) and is filed on SEDAR under the profile of EDDY.

The Authors have carefully reviewed all of the Property information and assumes that all of the information accurate and complete in all material aspects. Information regarding the Property history, regional property geology, deposit type and exploration (Sections 5-12) have been sourced from the previous technical reports, recent assessment reports and

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company filings on SEDAR and revised or updated as required. The Authors believe the information used to prepare this Technical Report is valid and appropriate considering the status of the Property and the purpose of the current technical r hnical review of the Property, the Authors affirm that the work program and recommendations presented herein are in accordance with NI 43-101 requirements. The Authors believe the current report complies with all disclosure requirements set out in the NI 43-101 Standards of Disclosure for Mineral Projects (2016).

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Site Visit

Sexton conducted a site visit to the Kittson Cobalt Property on June 4th, 2021, accompanied by Ian Stokes, Geologist in Training with GeoVector Management Inc. There is currently no exploration or mining activities on the Property. EDDY has completed limited surface exploration on the Property to date.

During the site visit, the Sexton examined a number of mineralized core intervals from diamond drill holes at the Edison Shaft area. Sexton examined accompanying drill logs and assay certificates and assays were examined against the drill core mineralized zones. Sexton was only able to fully inspect the core storage areas at the Edison Shaft, where the core was stored in core racks which were in good shape. In the Landing area where core from the Shakt-Davis Shaft area was stored the core racks had slumped due to the theft of the plywood which secured the top and sides of the core racks (Figure 2-1). This limited the core inspection and sampling to a few boxes that could be safely removed from the slumped racks.

The author located and verified drill collar locations using a hand-held GPS (

Figure 2-2). The collar locations were well marked and marked and reported locations were shown to be accurate within the 1-3 metre accuracy of the GPS.

Figure 2-1 Slumped Core Racks at the Landing area core from the Shakt-Davis Shaft Area

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Figure 2-2 Collar location for drill holes ED18-10, 11, 12

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Units and Abbreviations

All units of measurement used in this technical report are in metric. All currency is in US dollars, unless otherwise noted.

Table 2-1 List of Abbreviations

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$ Dollar sign km Kilometres
% Percent sign
° Degree km [2] Square kilometre
°C Degree Celsius m Metres
m [2] Square metres
°F Degree Fahrenheit m [3] Cubic metres
µm micron mm millimetre
AA Atomic absorption mm [2] square millimetre
Ag Silver mm [3] cubic millimetre
Au Gold Moz Million troy ounces
AuEq Gold equivalent grade MRE Mineral Resource Estimate
Az Azimuth Mt Million tonnes
CAD$ Canadian dollar NAD 83 North American Datum of 1983
cm centimetre NQ Drill core size (4.8 cm in diameter)
cm [2] square centimetre oz Ounce
cm [3] cubic centimetre oz Troy ounce (31.1035 grams)
Cu Copper Pb Lead
DDH Diamond drill hole ppb Parts per billion
ft Feet ppm Parts per million
ft [2] Square feet QA Quality Assurance
ft [3] Cubic feet QC Quality Control
g Grams QP Qualified Person
g/t or gpt Grams per Tonne RC Reverse circulation drilling
GPS Global Positioning System RQD Rock quality designation
Ha Hectares SG Specific Gravity
ha Hectare Tonnes or T Metric tonnes
Drill core size (6.3 cm in
HQ US$ US Dollar
diameter)
ICP Induced coupled plasma UTM Universal Transverse Mercator
kg Kilograms Zn Zinc
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3 Reliance on Other Experts

Information concerning claim status, ownership, and assessment requirements which are presented in Section 4 below has been provided to the Authors by way of e-mail on June 9, 2021. The Authors only reviewed the land tenure in a preliminary fashion and have not independently verified the legal status or ownership of the Property or any underlying agreements. However, the Authors have no reason to doubt that the title situation is other than what is presented in this technical report. The Authors are not qualified to express any legal opinion with respect to Property titles or current ownership.

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4 PROPERTY DESCRIPTION AND LOCATION

The Property is located approximately 10 km northwest of Latchford, 30 km due west of Cobalt, and 130 km north of North Bay (Figure 4-1), Kittson and Coleman Townships Larder Lake Mining Division, Ontario, Canada.

The Property is centered at North latitude by West longitude, or UTM NAD83 Zone 17 T 5,246,000 m North by 582,500 m East.

Figure 4-1: Location of the Property within the Province of Ontario, Canada

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Mineral Tenure

The Property originally consisted of 15 claims (Figure 4-3), 196 units, totalling ~ 3,082 hectares. In 2018 Ontario transitioned to digital staking (see below, section 4.3). As a result of this process the property grew to 216 unpatented mineral claims, ~4,440 hectares. In 2019 the isolated southern claim block (legacy claims 4287876 and 4287877) of the Property was dropped. In 2018 the ~16-hectare Edison Patent (PAT-18015) was purchased by EDDY (see below).

Figure 4-2: Current Kittson Property Land Tenure Map

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Figure 4-3 Kittson Property Land Tenure Map Prior to 2019

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Table 4-1 Kittson Property Mining Claim Data

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Township / Tenure Work Work Anniversary
Tenure ID Tenure Type
Area Status Required Applied Date
KITTSON 345355 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 322963 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 322962 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 293732 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 266858 Single Cell Mining Claim Active 200 800 2023-10-31
KITTSON 266857 Single Cell Mining Claim Active 200 800 2023-10-31
KITTSON 266245 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 227118 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 227117 Single Cell Mining Claim Active 400 1600 2023-10-31
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Township / Tenure Work Work Anniversary
Tenure ID Tenure Type
Area Status Required Applied Date
KITTSON 219682 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 219176 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 219175 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 206900 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 206899 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 189221 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 173144 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 173143 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 170963 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 126360 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 125722 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 125720 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 118298 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 118297 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 344727 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 322344 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 322343 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 293104 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 293103 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 273708 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 273707 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 266245 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 226470 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 189104 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 189103 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 125723 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 125722 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 125721 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 125720 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 125719 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 118180 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 102870 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 102869 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 102868 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 322938 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 322344 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 322343 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 293716 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 286400 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 286399 Single Cell Mining Claim Active 400 1600 2023-10-31
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Township / Tenure Work Work Anniversary
Tenure ID Tenure Type
Area Status Required Applied Date
KITTSON 274310 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 227096 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 227095 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 219152 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 208390 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 208389 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 170943 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 154307 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 125844 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 125719 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 118272 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 118271 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 102970 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 102868 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 345362 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 344679 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 344678 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 293743 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 293055 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 273662 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 273661 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 266863 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 266200 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 227138 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 227137 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 227095 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 219699 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 208389 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 189233 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 188545 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 183114 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 170301 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 153658 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 126376 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 118313 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 118142 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 118141 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 103010 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 102970 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 293743 Single Cell Mining Claim Active 400 1600 2023-10-31
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Township / Tenure Work Work Anniversary
Tenure ID Tenure Type
Area Status Required Applied Date
KITTSON 289015 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 276978 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 258453 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 241925 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 241924 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 241923 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 229749 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 227096 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 208390 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 208389 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 189233 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 156401 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 119579 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 118271 Single Cell Mining Claim Active 400 1600 2023-10-31
KITTSON 102439 Single Cell Mining Claim Active 400 1600 2023-10-31
COLEMAN,
335434 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
KITTSON 325604 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON 325603 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN,
325602 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
KITTSON 296417 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN,
287095 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
258997 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
KITTSON 258996 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN,
221835 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
KITTSON 221834 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN,
163035 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
335434 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
325602 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
287095 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
258997 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
221835 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
210331 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN 208931 Single Cell Mining Claim Active 400 1600 2023-06-22
----- End of picture text -----

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 24

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----- Start of picture text -----

Township / Tenure Work Work Anniversary
Tenure ID Tenure Type
Area Status Required Applied Date
COLEMAN,
163035 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN 127034 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN,
117305 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN 335435 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN,
335434 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN 335432 Single Cell Mining Claim Active 200 800 2023-06-22
COLEMAN 294402 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN,
287095 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN 275013 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN 219844 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN 219843 Single Cell Mining Claim Active 200 800 2023-06-22
COLEMAN 208931 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN,
154999 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN 127034 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN,
117305 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN 103180 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN 103179 Single Cell Mining Claim Active 200 800 2023-06-22
COLEMAN 335432 Single Cell Mining Claim Active 200 800 2023-06-22
COLEMAN,
328116 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
298320 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
210331 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
194855 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN 191551 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN 174120 Single Cell Mining Claim Active 200 800 2023-06-22
COLEMAN,
159584 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
117305 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
339950 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
328116 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
298320 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
224999 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
KITTSON 213497 Single Cell Mining Claim Active 400 1600 2023-06-22
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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 25

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----- Start of picture text -----

Township / Tenure Work Work Anniversary
Tenure ID Tenure Type
Area Status Required Applied Date
COLEMAN,
194855 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
KITTSON 178431 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON 165585 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN,
165584 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
COLEMAN,
159584 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON
KITTSON 120421 Single Cell Mining Claim Active 400 1600 2023-06-22
KITTSON 116649 Single Cell Mining Claim Active 400 1600 2023-06-22
COLEMAN 279648 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 279647 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 278135 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 230916 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN,
212110 Single Cell Mining Claim Active 400 1600 2023-10-06
KITTSON
COLEMAN 164226 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 145458 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 128927 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 101953 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 343542 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 321135 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 304659 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 283903 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 279648 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 238008 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 230916 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 225892 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 225891 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 217932 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 217931 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 188599 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 182581 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 182580 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 101953 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 343577 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 343576 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 343542 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 304833 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 304832 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 292683 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 292682 Single Cell Mining Claim Active 400 1600 2023-10-06
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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 26

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----- Start of picture text -----

Township / Tenure Work Work Anniversary
Tenure ID Tenure Type
Area Status Required Applied Date
COLEMAN 256121 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 256120 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN,
226036 Single Cell Mining Claim Active 400 1600 2023-10-06
KITTSON
COLEMAN 225892 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 218717 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 201013 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 182581 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 136844 Single Cell Mining Claim Active 400 1600 2023-10-06
COLEMAN 124840 Single Cell Mining Claim Active 400 1600 2023-10-06
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On January 23, 2017, EDDY entered into an option agreement to acquire a 100% interest in the original 5 Property. Under the terms of the Option Agreement, EDDY can earn a 100% interest in the Property for an aggregate purchase of $1,280,000 payable by a combination of common shares and cash, of which $1,250,000 of the purchase price was satisfied by the issuance of 6,250,000 common shares at a deemed price of $0.20 per common share, and $30,000 cash payable within 12 months following the execution of the Option Agreement. The terms of the option agreement have been met and EDDY currently own a 100 % interest in the Property. The Property is subject to an underlying 2% Net Smelter Return royalty payable to Neil Pettigrew, the underlying Optionor, of which 1.5% may be purchased by the Company for $1,000,000.

On May 30, 2018, the Company executed an agreement to purchase the Thomas Edison mine located in the area of the Property. The Edison Purchase closed on June 11, 2018. The purchase price of the mine was $30,723 in cash and expenses. The mine lies on the same fracture system that hosts the Shakt-Davis mine located ~1 km to the east. The Edison Purchase consists of one 16 hectare patented claim with both surface and mineral rights.

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Property Claim Status

The Property was originally staked prior to 2018 (June 2016 and October 2017) based claim staking process. On April 10, 2018, Ontario converted its manual system of ground and paper staking and maintaining unpatented mining claims to an online mining claim registration system known as the Mining Land Administration System (MLAS). All active, unpatented claims (legacy claims) were converted from their legally defined location by claim posts on the ground or by township survey to a cellbased provincial grid. The provincial grid is built on the latitude- and longitude-based National Topographic System (NTS) and is made up of more than 5.2 million cells each measuring 15 seconds latitude by 22.5 seconds longitude and ranging in size from 17.7 ha in the north to 24 ha in the south. Each cell has a unique in the grid.

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 27

Ontario mining claims are now legally defined by their cell position on the grid and UTM coordinate location in the online MLAS Map Viewer. Legacy claims were not cancelled but continue as one or more cell claims or boundary claims that resulted from conversion.

As defined in the Ontario Mining Act , a cell claim is a mining claim that relates to all the land included in one or more cells on the provincial grid that is open for mining claim registration. A cell claim is created as a new registration after April 10, 2018 or at conversion where there are one or more legacy claims in a cell, and all are held by the same holder. In this case, if there is more than one legacy claim in a cell, those claims will merge into one cell claim. A cell claim created from conversion can be a minimum of one cell (single cell mining claim or SCMC) though it can be amalgamated to form a multi-cell mining claim (MCMC) up to a maximum of 25 cells.

As defined in the Mining Act, a boundary claim is created at conversion when there are multiple legacy claims within a cell that cannot merge into a cell claim. There are two circumstances where mining claims will not merge into a cell claim:

When the legacy claims are held by different holders.
When the legacy claims are held by the same person who chooses to keep them separate by making an election through the Claim Boundary Report process.

Unpatented mining claims include no surface rights however a right to acquire the surface rights for development purposes exists through the Mining Act. The Mining Act also provides legal access to the land for the purpose of exploration.

Mining claims are generally subject to the following Crown reservations:

The surface rights over a width of no more than 120 m from the high-water mark where a mining claim includes land covered with water or bordering on water
Where a highway or road constructed or maintained by the Ministry of Transportation crosses a mining claim, the surface rights over a width of no more than 90 m, measured from the outside limits of the right
of way of the highway or road along both sides of the highway or road
Sand and gravel reserved
Peat reserved.

Certain mining claims also:

Are MRO or part MRO where all or part of the surface rights within the claim are held by a third party
Exclude hydro right of ways
Exclude withdrawn areas.

-based map staking system, certain cell claims overlap areas which are withdrawn from mineral exploration and development. Such cell claims are referred to as encumbered claims. Features that are an encumbrance on a cell claim include:

Land that is part of an Indian reserve.
Provincial Park or a conservation reserve.
Mining leases except for surface rights only leases.
Freehold patents except those for surface rights only.

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 28

Licences of occupation.

Designated protected area in a community-based land use plan under the Far North Act.
Land withdrawn under the Mining Act from prospecting, registration of mining claim, sale or lease for the following reasons:
Land included in a proposed Aboriginal land claim settlement
Land intended to be added to an Indian reserve
Land part of a provincial park, conservation reserve or forest reserve created under
Legacy Land Use Strategy
Land that meets the criteria for a site of Aboriginal Cultural Significance
Land designated as an area of provisional protection under the Far North Act.

Where a cell or boundary claim overlaps a withdrawn area, the claim holder is only entitled to work on the claim area outside the withdrawn area.

Annual assessment work requirements per mining claim, to be filed on or before the claim due date (anniversary date), are:

Single cell claim: $400 (unless a cell was encumbered at conversion)
Multi-cell claim: $400 per cell (unless a cell was encumbered at conversion)
Boundary claim: $200,

If a cell is encumbered at conversion, the assessment work requirement for a cell claim in that cell will be $200. This special rule applies only if the conversion process results in a claim holder having a cell claim in an encumbered cell. If that cell claim forfeits, the cell will be open for claim registration, subject to the encumbrance but any new cell claim registered for that cell will have the assessment work requirements set at the standard cell claim amount of $400.

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Underlying Agreements

SGS is not aware of any other underlying agreements relevant to the Project.

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Permits and Authorization

The Ontario Mining Act regulations require exploration plans and permits, with graduated requirements for early exploration activities of low to moderate impact undertaken on mining claims, mining leases and licences of occupation. Exploration plans and permits are not required on patented mining claims. To complete any work aside from non-destructive surface sampling, a mineral exploration permit is required.

The Kittson Property current has one active exploration permit (PR-18-11287) which was granted on September 28, 2018 and expires September 28[, ] 2021. This permit which allows diamond drilling, bedrock stripping and line cutting covers the portion of the property outside of the core Shakt-Davis, Edison, and Cobalt Kittson mine area. A new exploration permit application was submitted on May 14, 2021 which covers diamond drilling, bedrock stripping, line cutting and geophysical surveys on the core Shakt-Davis, Edison and Cobalt-Kittson mine area. The Permit was acknowledged as received on June 22, 2021 and therefore should be granted in late September 2021. All permits are available for viewing on MLAS.

SGS is unaware of any other significant factors and risks that may affect access, title, or the right, or ability to perform the exploration work recommended for the Property.

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 29

4.5.1 Exploration Plans and Permits Required under the Mining Act

There are a number of exploration activities that do not require a plan or permit and may be conducted while waiting for a plan or permit is effective. These may include the following:

Prospecting activities such as grab/hand sampling, geochemical/soil sampling, geological mapping
Stripping/pitting/trenching below thresholds for permits
Transient geophysical surveys such as radiometric, magnetic
Other baseline data acquisition such as taking photos, measuring water quality, etc.

Exploration Plan

Those proposing to undertake minimal to low impact exploration plan activities (early exploration proponents) must submit an exploration plan. Early exploration activities requiring an exploration plan include:

Geophysical activity requiring a power generator
Line cutting, where the width of the line is 1.5 m or less
Mechanised drilling for the purposes of obtaining rock or mineral samples, where the weight of the drill is 150 kg or less
Mechanised surface stripping (overburden removal), where the total combined surface area stripped is less than 100 m2 within a 200 m radius
Pitting and trenching (of rock), where the total volume of rock is between 1 m3 and 3 m3 within a 200 m radius.

To undertake the above early exploration activities, an exploration plan must be submitted, and any surface rights owners must be notified. Aboriginal communities potentially affected by the exploration plan activities will be notified by the MNDM and have an opportunity to provide feedback before the proposed activities can be carried out.

Exploration Permit

Those proposing to undertake moderate impact exploration permit activities (early exploration proponents) must apply for an exploration permit. Early exploration activities that require an exploration permit include:

Line cutting, where the width of the line is more than 1.5 m
Mechanised drilling, for the purpose of obtaining rock or mineral samples, where the weight of the drill is greater than 150 kg
Mechanised surface stripping (overburden removal), where the total combined surface area stripped is greater than 100 m2 and up to advanced exploration thresholds, within a 200 m radius
Pitting and trenching (rock), where the total volume of rock is greater than 3 m3 and up to advanced exploration thresholds, within a 200 m radius.

The above activities will only be allowed to take place once the permit has been approved by the MNDM. Surface rights owners must be notified when applying for a permit. Aboriginal communities potentially affected by the exploration permit activities will be consulted and have an opportunity to provide comments and feedback before a decision is made on the permit.

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 30

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Environmental Considerations

EDDY has advised SGS that there are no outstanding or pending adverse environmental issues attached to the Property. No mining or other potentially disruptive work has been carried out, on the Property, beyond that described in this report.

As far as SGS is aware, the environmental liabilities related to the Project, if any, are negligible.

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 31

5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE, AND PHYSIOGRAPHY

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Access, Infrastructure, and Resources

Roughly 5 km north of Latchford is a turn-off at Gillies westward towards Portage Bay. The property is accessible by boat across the Montreal Riv . In the winter months the property is accessible by helicopter, landing near the northwest bay of Kitt Lake (loc Portions of the Montreal River and Bay Lake may not freeze during the winter months, and therefore winter crossings are not advised.

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Physiography, Climate and Vegetation

The climate at Earlton, Ontario, (10 km NW of the Property), is typical of northern Ontario. During the winter months (Dec-Mar), minimum temperatures of -10 to - Table 5-1) and snowfall ranges from 20 to 40 cm monthly (Earlton Weather Station, Environment Canada, 2006). During the summer months (June-

The Property is topographically variable, with a mixture of tall ridges, swampy marshes and lakes, and is situated at 240 m above sea level (masl) on average. The Montreal River passes along the eastern edge of the Kittson-Cobalt claims, draining southeastward towards Lake Nipissing. Bedrock exposure is also variable, with many outcrops along the ridge yet significant vegetation cover and thick forests consisting of old-growth maple, white pine, red pine, black spruce, balsam, and cedar, with alder, poplar and birch trees closer to creeks and rivers.

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 32

Table 5-1 Climate of Earlton, Ontario (Environment Canada, 2006)

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----- Start of picture text -----

Months Normal Warmest Coldest
January -9.8°C -4.5°C -15.1°C
February -14.5°C -8.0°C -21.1°C
March -4.0°C 0.7°C -8.7°C
April 4.7°C 11.4°C -2.1°C
May 12.5°C 19.6°C 5.4°C
June 16.0°C 23.1°C 8.9°C
July 18.8°C 25.4°C 12.1°C
August 15.9°C 22.7°C 9.0°C
September 10.9°C 16.9°C 4.8°C
October 4.5°C 8.7°C 0.4°C
November 0.3°C 3.4°C -2.9°C
December -5.7°C -1.4°C -9.9°C
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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 33

6 HISTORY

Over 550 million ounces of silver, 24.6 millian pounds of cobalt, 3.6 million pounds of nickel, and 2.6 million pounds of copper was produced from about 140 properties between 1904 and 1989 (Guindon et al., 2016). The information is suspected to be under reported, in part, due to lease mining during the 1930s.

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Property History

In the early 1900s, several high grade Co-Ag-veins containing Ni and varying amounts of Au were explored in the Property area, many striking NE-SW (Watts, 1993). Marginal notes on OGS Map P3116 declare that or silver and cobalt within the map area dates from 1910 with prospecting, trenching, shaft-sinking, and tunneling at the Canadian prospect (Cobalt-Kittson mine), located on the Montreal River (Kittson Township), and at the Shakt-Davis Mine on the northeastern shore of Kitt Lake near the Kittson-

In 1923 an Ontario Department of Mines report describes work carried out by Crescent Silver Cobalt Mining 610m) on surface, upwards The next reported work on the prospect was in 1927 when the Cobalt-Kittson Silver Mining Syndicate did some surface work, installed a small mining plant, and sank a 2-compartment shaft to a depth of 250 ft -Kittson Mines Ltd. was incorporated to acquire and further develop the property. The following is an excerpt from an Assessment Report written by H. Watts (1993) detailing the history of exploration near Shakt-Davis:

shaft to 628 ft and carried out lateral work on 4 levels: 30 ft on the 60 ft level, 386 ft on the 250 ft level, 860 ft on the 450 ft level, and 400 ft on the 625 ft level. Values in Co, Ag, Au and Ni were encountered but no positive ore shoots outlined. Channel samples from the 450 ft level said to be from a vein 2.5-4 ft wide, are reported to have averaged 2-4% Co, 4-13% Cu, 3-6 oz/ton Ag, and $4-$7/ton Au (Au @ $20.67/oz; equating to 5.4-9.6 g/t Au). High grade Co mineralization was reported also from the other levels. The total production of the mine was 600 pounds of cobalt (smaltite) and operations ceased in 1930 )

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 34

carried out. In 1947, title to the property was transferred to Canadian Cobalt and Metals Company Ltd. The shaft was dewatered in 1949, and it is reported that a small amount of diamond drilling was done although no records remain (Johns, 1985). Limited diamond drilling of an unknown amount was carried out in 1951 and was followed by minor underground development in 1953 and 1964 by Aconic Mining Corporation (OGS Map P3116). Two drill holes are reported by A. Arsenault in 1968 and 1971, with no assays and very meager drill log descriptions.

During a 1987 OGS mapping survey over the Brigstocke and Kittson Townships a single sample was collected on the eastern shore of Harris Lake. This sample was collected of a quartz-pyrite vein hosted in diabase which returned 0.02 oz/t Au, 1370 ppm Co, 730 ppm Cu and <0.10 oz/t Ag (Born and Burbidge 1988; 1997). No follow up work on this sample has been recorded.

Minor prospecting, trenching, and blasting was carried out on the property by H. Watts between 1991 and 2011, with limited success (see references Section 27). A magnetometer and electromagnetometer survey was conducted over the property by the same prospector in 1991 (Watts, 1991). The program utilized grid spacingat 100 metre intervals with picket spacing of 25m. The instruments used in this survey were a Geometrics Unimag II model G846 proton magnetometer and a Geonics E.M. 16 electromagnetometer. Total line distance was 21.7 km. The surveyed township line between Coleman and Kittson Townships were brushed out and used as a base line. Picket lines were turned off with a Brunton Compass on a tripod at 100 m intervals and lines cut and chained. All E.M. readings were taken facing north and the station used was NAA Cutler, Main @ 24.0 KH2.The results obtained from the E.M. Survey indicate N-S trending structures.

A high resolution magnetic helicopter-borne geophysical survey was flown by Fugro in 2006 for Temex Resources Corp., as they held an extensive claim package in the region at this time. A till-sampling program was also carried out in 2006 and 2007 for Contact Diamond Corp. across portions of the current property (Montgomery, 2008).

Strike Minerals optioned the Kittsonth 2008 MD&A indicates exploration costs of $207,007 on the property suggesting they did some work, with a total write down of $227,007. Strike constructed an access trail into the Kittson-Cobalt and completed a three hole diamond drill program totaling 679 metres (2,227.1 feet).

KC 08-1 was drilled at -61º, and collared 100 feet south and 300 feet east of the shaft, to a depth of 269 metres (882.3 feet). KC 08-2 was drilled at -50º from the same set up, to a depth of 237.0 metres (777.4 feet). KC 08-3 was drilled at -50º and collared 100 feet north and 300 feet east of the shaft, to a depth of 173.0 metres (567.4 feet). All holes were drilled at an azimuth of 180º (South). Thirty samples of split core were shipped to Swastika Laboratories of Swastika, Ontario, and assayed for Cobalt, Copper, Nickel, Gold and Silver. Three of the samples had a whole rock analysis performed by Assayers Canada, of Vancouver, British Columbia.

Values similar to those reported in the Ontario Department of Mines excerpt were not intersected in this drill program. The values returned were more consistent with those returned from the sampling of the surface muck piles in June 2007. Calcite veining in the recent drill program was generally less than 1 cm in width and only in one instance approached a width of 10 cm. It was concluded that should the calcite veining expand and the contained mineralization increase in the area around -137 metres as suggested in the historical ODM excerpt, it is unlikely that the potential ore-grade material would exist in great enough tonnages to be economical. Therefore, no further exploration was planned and the option to acquire the property was allowed to lapse in 2008.

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 35

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Historical Mineral Resource and Mineral Reserve Estimates

The Property is an early stage exploration historical Mineral Resources or Mineral Reserves estimated for the Property.

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 36

7 GEOLOGICAL SETTING AND MINERALIZATION

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Regional Geology

The following description of the regional geology, structure and mineralization of the Paleoproterozoic Cobalt Embayment, of Northern Ontario is based on a description from Faure et. al. (2018), and references therein.

Figure 7-1 Simplified Geological Map Showing The General Location of the Study Area (Black Rectangle) and the Distribution of the Huronian Supergroup: Murray fault zone (MFZ), Flack Lake fault (FLF), Sudbury Igneous Complex (SIC), and Creighton (C) and Murray (M) granites (Al-Hashim, 2016)

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 37

Figure 7-2 Regional Geology of the Paleoproterozoic Cobalt Embayment, Northern Ontario, Showing the Locations of Au-Bearing Polymetallic Veins, and Other Polymetallic Vein Systems (modified from Potter et.al. 2010): SIC = Sudbury Igneous Complex, RLB = Round Lake batholith

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7.1.1 Archean basement

The oldest rocks are found in the Archean basement and are exposed as isolated inliers in the north and northeast margin of the Cobalt Embayment (Figure 7-2). They consist of metavolcanic rocks and associated interflow sedimentary rocks of the Abitibi Subprovince. Volcanic rocks are composed dominantly of massive to pillowed, intermediate to mafic, flows containing some pyroclastic units and felsic volcanic rocks, and minor interflow sedimentary rocks. Interflow, tuffaceous, and sedimentary rocks consist of chert and sulphide units intercalated with graphitic argillite, iron formation, siltstone, lithic wacke, and coarse feldsparquartz sandstone (Goodz et al., 1986; Smyk 1987; Nicols, 1988). Felsic intrusive and metamorphic rock types predominate along the western margin. Unconformably overlying the volcanic rocks are synorogenic Timiskaming-type lithic and feldspathic arenites, wackes and conglomerates. These rocks were intruded by Archean granites followed by mafic, ultramafic and lamprophyric dykes and sills, and were subsequently metamorphosed to greenschist facies and folded isoclinally during the Kenoran Orogeny, ca. 2675-2660.

7.1.2 Proterozoic Huronian Supergroup

The Cobalt Embayment is a large (~10,000 km2) roughly 120 km across circular domain of flat-lying, gently undulating succession of dominantly siliciclastic sedimentary rocks belonging to the Huronian Supergroup. The overall setting of the Cobalt Embayment is that of a continental rift system. The pattern of the embayment reflects the original configuration of the sedimentary basin. The succession unconformably

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overlies steeply dipping Archean basement rocks of the Abitibi greenstone belt (Figure 7-2). The embayment is bounded in most directions by Archean rocks, except to the south, where it is truncated by the Grenville Front tectonic zone, the remnants of a mountain building event that terminated at ca. 1.0 Ga.

The Huronian Supergroup forms a belt approximately 325 km that extends from Noranda, Quebec in the northeast to Sault Ste. Marie, north of Lake Huron, in the west (Figure 7-1). The supergroup is up to 12 km thick at its southern boundary where it underlies Paleozoic rocks of the Michigan Basin, and thins northward across the Cobalt Embayment due to wedging out of lower cycles, a thinning of clastic units and erosion within the sequence. Although significant sediment thicknesses have been recorded in the Cobalt Embayment, depth to basement, as measured from the present surface, is extremely variable and most likely reflects the highly irregular basement topography, with possible relief of up to 1000 m. The basement irregularities are attributed to large-scale vertical movements along major crosscutting faults.

The Huronian Supergroup represent fluviatile, marine and glacial paleoenvironments and comprises four individual shelf type sedimentary cycles. Each cycle consists of a lower sequence of conglomerate of probable glacial origin succeeded by mudstone, siltstone and coarse arenite; some chemical sediments are associated with the uppermost cycle named the Cobalt Group.

The maximum age of the Huronian Supergroup is 2450 +25/-10 Ma, based on U-Pb zircon analysis of the Copper Cliff Formation (Krogh et al., 1984). The minimum age of the Huronian Supergroup was determined to be 2219.4 ±3.6 Ma from based on UPb analysis of primary baddeleyite from the Nipissing diabase dykes that intrude the succession (Corfu and Andrews, 1986). The duration of the Huronian glaciation events could be constrained to 2.29 ~~2~~ .25 Ga, given their similarity to glacial deposits elsewhere around the world.

The Huronian sedimentary rocks were subsequently affected by a poorly constrained subgreenschist-facies metamorphism and by a regionally-distributed, K- and Na-metasomatic event at ca. 1.7 Ga Ma, likely related to the waning stages of the Penokean orogeny ca. 1900 Ma. The metamorphism produces chlorite and muscovite porphyroblasts in the eastern region of the embayment and pyrophyllite plus the latter assemblage in the central part of the embayment. Although the precise timing of the subgreenschist facies metamorphism is unresolved, it has been broadly constrained between the ages of 2219.4 ±3.6 Ma (i.e. post-intrusion of the Nipissing Diabase) and ~1747 Ma (i.e. pre-intrusion of the Cutler batholith in the Algoma region).

7.1.3 Proterozoic Nipissing Diabase sills

The Nipissing Diabase (2219.4 ±3.6 Ma) is a regionally distributed complex of mafic sills and dykes. They are the most abundant and widespread igneous rocks intruding the Archean metavolcanic and the Huronian sedimentary rocks (Figure 7-2). The Nipissing sill complex occurs throughout most of the basin and is typical of many large diabase sill complexes which tend to have intruded as an integral part of the basin development. In general, the sills are horizontal to shallowly dipping and form regionally basin and dome like undulations, although locally the diabase has been shown to follow pre-existing steep faults in the basement. They maintain a relatively uniform thickness of 300-335 metres.

The ubiquitous Nipissing diabase sills comprise a range of rock types from finegrained border facies through coarse-grained amphibole-bearing diabase to late stage granophyric diabase. Mineralogical and textural zoning within the lowest zone of the Nipissing diabase is manifested by a thin chilled margin 5-10 mm thick, grading upward into the lower quartz diabase, which has a thickness of 15 to 30 m. Quartz diabase grades upward into hypersthene diabase, which forms up to two-thirds of the sill thickness. The hypersthene diabase grades upward into diabase with variable texture and grain size, and is locally aplitic, granophyric or pegmatitic. The granophyres have escaped from the Nipissing to form dykes within the sill and the Huronian sediments. The variable-textured diabase is gradational into an upper quartz diabase that is generally not as thick as the lower quartz diabase. The contact with the intruded country rocks is marked by an upper chilled margin up to 10 mm thick.

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The sills are well differentiated and have a bulk composition of olivine tholeiite; some gabbroic dykes are also present. Trace-element signatures of these intrusive rocks suggest a derivation from a compositionally uniform, MORB-type parental magma, characteristic of oceanic crust. The source rocks may have been underplated beneath the southern Superior Province margin, possibly under the Labrador trough, with transportation of the magmas through a series of radiating dyke swarms.

7.1.4 Regional Structural Geology

Deformation within the Cobalt Embayment is dominated by faults. A major southeast-trending fault system is manifested by the Latchford, Montreal River, Cross Lake, and Timiskaming Faults (Figure 7-2). This regional-scale fault system is part of the Lake Timiskaming Structural Zone, a graben that trends from the Grenville Front and extends across the Cobalt Embayment well beyond the Cobalt/Kirkland Lake area.

7.1.5 Silver-Cobalt Vein Mineralization in the Cobalt Embayment

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7.1.6 Other types of mineralization in the Cobalt Embayment

Gold-bearing polymetallic vein systems also occur near the northern margin of the Cobalt Embayment Examples include the Merico-Ethel property, 50 km northwest of Cobalt, and the Latchford Gold Project, 20 km north of Temagami which returned values up to 6,222 g/t Au (Kettles 2011). The gold-bearing veins are variants of the silver-vein systems. They formed close to the time of crystallization of the Nipissing Diabase. The ore mineralogy is complex, typically comprising sulphides, arsenides, native gold and silver. In terms of their age, geology, mineralogy, paragenesis, and morphology, the gold-bearing vein systems resemble the silver-sulpharsenide vein deposits of the historical Cobalt and Gowganda mining camps.

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Property Geology and Mineralization

The Property lies within the central Cobalt Group of the Huronian Supergroup, dominated by Lorrain Formation arkoses and quartz arenites, and underlain by upper Gowganda Formation wackes, siltstones and mudstones (Flank, 2018). Nipissing diabase dykes and sills intruded along the Lorrain-Gowganda contact. The dominant regional structure trends to the northwest and is represented by the Latchford Fault which runs through Bay Lake on the eastern edge of the Property (Figure 7-2). The area has been intruded by Nipissing diabase sills.

7.2.1 Shakt-Davis Mine

At the Shakt-Davis mine several major calcite veins are hosted in a fractured and faulted zone within Nipissing diabase. This zone strikes northeast (~60°) parallel to a ~120 m thick vertical diabase dyke. The main vein varies from 1 to 7 m wide, whereas the vertically oriented chimney vein ranges from 1 to 3 m wide. Both are vertically oriented and contain smaltite (Co), cobaltite (Co), gersdorffite (Co), erythrite (Co), annabergite (Ni), pyrite, chalcopyrite (Cu), and niccolite (Ni). From assessment files in the Cobalt MNDM samples indicating up to 4% Co, and others with up to 2.72 oz/t Au. A further test of hand-picked ore indicated values of 0.87 oz/t Au, 0.25 oz/t Ag, 7.92% Co, and 7.72% Ni. Another smaltite ore sample returned 97 oz/ton Ag, 0.336% Co, and 0.18% Ni (Born and Hitch, 1990) Grab samples collected by N. Pettigrew in 2004 from the mine dump yielded assay values of 0.25% Co, 0.75% Ni, 0.06% Cu, 0.10 oz/t Au, and <0.10 oz/t Ag (N. Pettigrew, personal communication).

7.2.2 Kittson-Cobalt Mine

The Kittson-Cobalt mine is hosted in a 70 m wide diabase dyke cutting arkoses of the lower Lorrain Formation near the Gowganda-Lorrain contact. Chalcopyrite, smaltite and pyrite occur in several northtrending calcite veins which are vertically oriented and 4 to 100 cm wide. The veins are hosted in fractured and faulted zones parallel to the dyke. Assay results from Johns (1985) indicate 0.08 and 0.20 oz/t gold. The total production of the mine was 600 pounds of smaltite (cobalt sulpharsenide) from the 598 ft level (R.

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Thomson; Resident Geologist's Files, Ontario Ministry of Northern Development and Mines, Kirkland Lake; OGS Map P3116).

7.2.3 Edison (Darby) Mine

Exploration and development commenced about 1906 and was intermittent until the 1960s. The mineralization was explored via 2 shafts and an adit with 2 levels developed (Born and Hitch, 1990). The workings are located near the north contact of a near-vertical Nipissing diabase dyke that cuts Cobalt Group dyke is about 100 m wide in the vicinity of the Edison Mine. The dyke dips at about 75 to 80 degrees to the north. The geology of the deposits is described in Born and Hitch (1990) and Born and Burbidge (1997). On the Edison, dump samples collected by Born and Hitch (1990) contained chalcopyrite, bornite, galena, erythrite and malachite. Analysis of 2 samples contained up to 3.09% copper, 23 560 ppm cobalt and 940 ppb gold. Two small parallel shafts, approximately 7 m apart, are located at 583347N 5246330N. Two samples were collected from the nearby rock dump. A sample of white calcite vein contained disseminated erythrite. The host is a green Nipissing diabase. The other sample contains chalcopyrite blobs up to 1 cm in size, some with nearby development of malachite and azurite. The matrix of the diabase near the vein contains 3 to 5% disseminated chalcopyrite and/or pyrite. About 75 m to the southwest is a trench in the bedrock with a small pit on each end. The pits are located at 583272E 5246294N and 583287E 5246289N. A sample of dump material contained a trace of disseminated sulphide and minor erythrite. Assay results were disappointingly low at 7 ppm silver and 1 ppb gold.

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Mineralization

The main target on the Property is calcite-quartz veins hosting Co-Ag-Ni-Au-Cu mineralization, such as arsenides (e.g. smaltite, skutterudite, cobaltite, etc.) and sulphides (e.g. chalcopyrite, pyrite, etc.). Veins are typically 1 to 7 m wide with the most calcite-rich portions typically higher in Co, Ag, Cu and Au content. This is more typical of the Gowganda mining camp than the nearby Cobalt mining camp where the quartzrich portions of the veins typically carried the better grades of mineralization (OGS Misc. Paper #137, 1987). Calcite alteration may therefore be a vector to economic mineralization on the Property.

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8 DEPOSIT TYPES

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Five-element (C o N i As Ag B i) vein descriptive Model

The silver-cobalt rich vein systems are generally fault controlled, vertical to steeply dipping and nested, with mineralization occurring adjacent to or within mafic intrusions. In the Cobalt Embayment, all economic deposits occur in close proximity to the Huronian-Archean unconformity where diabase sills and steeply dipping Archean volcanic sequences coincide. Steeply dipping faults and large scale, tight to isoclinal folds developed in the Archean basement may controlled the orientation/dip of vein systems.

High-grade veins are usually narrow and bonanza-rich ore-shoots that may host several thousands of ounces of silver. They occur in a narrow depth range, although veins may persist to deeper levels but are barren. Veins appear to have formed within simple fissure openings along pre-existing faults and shear zones, or rare late dykes. High-grade ore pockets commonly occur in the vicinity of vein intersections, intersections of veins with late, shallow-dipping shear, lithological contacts and abrupt changes in the basement topography. Mineable ores are rich shoots separated by narrow veinsand vein systems are often complex. Multiphase open-space filling veins with sharp contacts are common, extend horizontally to 1,000 m and vertically to 120 m, pinch and swell and vary in thickness from mm to tens of cm, and in exceptional cases, to 1 m. Replacement of wall rock is not extensive.

Detailed petrographic examination of all the mineralized vein systems has revealed the presence of a common paragenetic sequence. Silicate formation occurs at the early stage. During initial and limited dilation, vein formation involved the precipitation of silicate assemblage, mainly quartz, chlorite, actinolite and K-feldspar, followed by the introduction of significant quantities of calcite and dolomite during subsequent dilation episodes. Carbonates compose the dominant gangue component and typically occupy the main, central part of the veins. Silicate minerals are limited to thin (<1 cm) selvages immediately adjacent to vein walls.

The main ore-bearing stage consists in the introduction of the silver-bearing minerals and sulphides. The early-stage mineralization is hosted in a silicate gangue and is typically dominated by pyrite, some of which contains appreciable concentrations of nickel and cobalt. The main stage of mineralization occurs at the transition from a silicate to calcite gangue, often following the deposition of specular hematite. The main stage is marked by additional pyrite mineralization, overprinted and/or partially replaced by chalcopyrite, linnaeite-group minerals (cobalt sulphide), cobaltite, precious metals, an unusual suite of Bi-Pb ± Cu sulphide minerals, and galena. In many of the occurrences, galena displays textural evidence indicating that it was the final ore mineral to crystallize, typically occurring in fractures within pre-existing sulphides.

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Gold-Bearing Polymetallic (Cu + Co + Ag + Au + Bi ± Pb ± Ni ± U) Veins

The recent discoveries of Au-rich and U-bearing, polymetallic mineralization in a geological setting akin to that of the historical Cobalt Ag-Co veins have: (i) Clearly demonstrated the potential of the Cobalt Embayment to host hydrothermal mineral deposits enriched in economic metals other than Ag; and (ii) Prompted a re-evaluation of the metallogeny of this important Paleoproterozoic basin, located in northern Ontario (Potter and Taylor, 2010). This re-evaluation has integrated field mapping, ore mineralogy,

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petrography, and stable and radiogenic isotope studies in order to assess the petrogenetic similarities of the regionally-distributed hydrothermal mineralization whose main characteristics are its:

1) Occurrence in steeply-dipping, discordant calcite-quartz vein systems hosted in Nipissing Diabase and adjacent Huronian metasedimentary rocks;
2) Spatial association with periodically reactivated, regional fault systems rooted in the Archean basement; and
3) Polymetallic, precious-metal-bearing (Cu, Co, Ni, Fe, As, Au, Ag, ± U) ore assemblage.

When fully developed, the regionally-distributed polymetallic vein systems exhibit a common paragenetic sequence and internal zoning with:

a) Narrow silicate selvages (chlorite + quartz ± epidote ± K-
b) mineralization (chalcopyrite + pyrite + cobaltite ± precious-metal minerals ± pitchblende ± Bibearing sulphides ± galena);
c)

A genetic model that encompasses all of the observed isotopic, mineralogical, and textural features of the polymetallic vein systems involves: (i) Regional flow of oxidized, hydrothermal fluids focused along the Huronian-Archean unconformity, driven by sedimentary loading and the heat released by the Nipissing Diabase intrusive event ca. 2.2 Ga; (ii) Genesis of regionally- distributed, discordant, polymetallic vein mineralization through the interaction of the oxidized basin fluids with both fluid- and solid-reducing components of the basement, facilitated by localized displacement of the Huronian-Archean unconformity along reactivated faults; and (iii) Hydrothermal remobilization of at least some of the vein components, notably Pb, in association with regional Na- and K-metasomatic events ca. 1.7 Ga. This new model for the genesis of the polymetallic vein mineralization in the Cobalt Embayment (Figure 8-1) also introduces the -associat could have formed as a result of the two regional hydrothermal fluid circulation events.

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Figure 8-1 Simplified Exploration Model for the Genesis of Regionally-Distributed, Polymetallic Vein Mineralization in the Cobalt Embayment

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9 EXPLORATION

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2017 Reconnaissance Prospecting and Geological Mapping

EDDY completed an initial prospecting program in 2017 which included reconnaissance prospecting and geological mapping. The primary focus of the 2017 exploration program was to define and better understand the historical cobalt mineralization on the project in order to develop drill targets for a future drill program.

A total of 150 prospecting rock samples were collected during prospecting activities throughout the summer and fall 2017 by Fladgate Exploration Consulting Corporation. Samples were chosen based on visual observations of Co-Cu-Ni-Ag-bearing arsenides, sulpharsenides, oxides, and sulphides. Samples were collected across the northern block of claims in areas targeted for favourable geological units and/or historical workings and are therefore biased towards mineralized samples. Samples were not collected in a systematic method, for instance along a grid pattern, yet specifically targeting mineralization. The collection sites of the prospecting samples is illustrated in Figure 9-1.

Samples were analysed for Au, Ag, and a suite of base metals including Co, Cu, Ni, Mn, Pb, and Zn. Other elements were also included in the analyses, such as those present in the gangue minerals, in order to determine bulk mineralogy. Samples were analysed at Activation Laboratories in Thunder Bay, Timmins, and Ancaster, depending on the analytical package. The analytical codes used include 1A2-Au-50g (fire assay/AAS), 1E-Ag (aqua regia digest/ICP-OES), and 8-peroxide-all elements (Na2O2 digest/ICP-OES). The Authors note that no standards or blanks were included in the sample stream.

Significant results were returned for 25% of the total number of prospecting samples, which are those containing >0.1% Co (Table 9-1). Locations for this subset of samples are illustrated in Figure 9-2.

The prospecting sample containing the highest amount of Co was found adjacent to the past-producing Shakt-Davis Mine. Many other samples returned values between 1 and 4% Co at this location. Lower grade but still significant Co mineralization was found just north of the past-producing Edison Mine (within claims), as well as further north near the Cobalt-Kittson Mine. Intriguing results were also discovered along the corridor of claims towards the south-southwest, where a sample containing 0.97% Co was found. Collectively, these prospecting samples confirm the presence of significant Co-bearing mineralization within the Kittson-Cobalt Property and highlight areas for future exploration consideration.

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Figure 9-1 Location of 150 Prospecting Samples Collected on the Northern Portion of the Kittson-Cobalt Property In 2017 (geology from OGS Map P3581, 2006) (Flank, 2018)

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Table 9-1 Prospecting Samples from the 2017 Reconnaissance Program Returning >0.1 wt% Co (see EDDY News Release dated October 3, 2017, posted on SEDAR)

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Sample Au Ag As Co Cu Fe Ni Pb S
Number (g/t) (g/t) (wt.%) (wt.%) (wt.%) (wt.%) (wt.%) (wt.%) (wt.%)
Detection
0.005 0.20 0.01 0.002 0.005 0.05 0.005 0.01 0.01
Limit
469001 3.850 2.9 4.00 1.58 <0.005 5.71 0.547 < 0.01 0.98
469004 0.015 2.2 2.16 1.44 0.018 4.41 0.163 < 0.01 0.94
469023 0.013 3.5 2.44 1.42 0.159 8.02 0.144 < 0.01 0.72
469029 0.013 0.6 1.36 1.01 0.014 6.97 0.067 < 0.01 0.48
469114 0.184 3.3 0.15 0.972 0.992 17.7 0.079 0.01 17.8
469018 0.013 0.9 1.37 0.941 <0.005 5.08 0.077 < 0.01 0.52
469026 0.015 0.2 1.22 0.783 <0.005 5.14 0.111 < 0.01 0.51
469034 0.084 <0.2 1.18 0.774 0.009 5.55 0.137 < 0.01 0.47
469021 0.007 0.6 1.01 0.723 <0.005 4.25 0.074 < 0.01 0.41
469027 0.010 0.3 0.76 0.524 <0.005 5.34 0.062 < 0.01 0.29
469041 0.016 0.3 0.8 0.486 0.036 3.58 0.059 < 0.01 0.32
469042 0.018 3.2 0.82 0.483 0.076 3.05 0.055 < 0.01 0.42
469040 0.014 0.3 0.72 0.430 0.005 4.11 0.053 < 0.01 0.26
469032 0.026 <0.2 0.38 0.300 <0.005 4.37 0.043 < 0.01 0.17
469035 0.016 0.2 0.34 0.243 0.039 1.35 0.042 < 0.01 0.28
469049 0.008 1.4 0.57 0.227 0.206 2.97 0.022 < 0.01 0.43
469033 0.045 0.2 0.29 0.199 0.01 6.22 0.029 < 0.01 0.13
469006 3.580 0.6 0.29 0.191 <0.005 6.12 0.049 < 0.01 0.11
468959 0.154 0.7 0.22 0.174 <0.005 3.61 0.014 < 0.01 0.12
469044 0.005 3.1 0.42 0.150 1.260 1.86 0.015 0.04 1.41
469045 0.01 6.6 0.3 0.142 2.600 4.55 0.015 0.07 2.72
468960 0.116 1.1 0.15 0.136 0.009 6.78 0.013 0.03 2.5
469030 0.014 <0.2 0.2 0.136 <0.005 5.16 0.023 < 0.01 0.12
469039 0.387 0.4 0.2 0.136 <0.005 3.22 0.024 < 0.01 0.1
469038 0.035 10.9 0.21 0.135 0.006 1.91 0.033 0.06 0.18
469047 0.006 2.8 0.27 0.135 0.543 5.44 0.023 < 0.01 0.65
469048 0.009 2.0 0.23 0.134 0.166 5.22 0.021 < 0.01 0.27
469007 0.609 3.8 0.16 0.120 7.12 11.8 0.026 0.02 10.4
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Figure 9-2 Highlights of the 2017 Prospecting Program in the Northern Portion of the Kittson-Cobalt Property (geology from OGS Map P3581, 2006) (Flank, 2018)

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2018 Prospecting Program

EDDY completed a prospecting program on the Property in 2018. A total of 360 prospecting samples were collected during this program, highlighting >1% Cobalt. This included the first prospecting samples collected from the recently acquired historical Edison mine which returned up to 6.13 % cobalt (Figure 9-3). A new zone, North Kittson was also discovered approximately 500 metres north of the historical Kittson mine with prospecting samples returning up to 2.18 % cobalt and significantly up to 7.83 g/t gold (Figure 9-3) (Appendix A).

Geological mapping also confirmed that the Shakt-Davis and Edison mines are hosted on the same east west trending fracture zone and that this fracture zone extends for >1.5 kilometres. A full 34% of the prospecting samples collected along this fracture retuned >0.1 % cobalt and 16 % returned >1 % cobalt.

Table 9-2 Significant results of the 2018 Prospecting Program (see EDDY News Releases dated September 11, September 25 and October 2, 2018, posted on SEDAR)

Thomas Edison Fracture Zones Prospecting Results Shakt-Davis/Thomas Edison Fracture Zones Prospecting Results Select North Kittson Zone and Kittson Mine Prospecting Results

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Figure 9-3 Plan Map Highlighting Significant Results of 2017 and 2018 Prospecting in the Edison Mine Area

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Figure 9-4 Plan Map Highlighting Significant Results of 2017 and 2018 Prospecting, North Kittson

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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 52

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2019 Soil Survey

In November 2019 the Company completed a soil sampling program and whole rock geochemistry study on the 2018 drill core from the historical Edison Mine. A total of 662 soil samples were collected in the Edison and Kittson Mine area (Figure 9-5), and 200 drill core samples submitted for whole rock geochemistry for the purposes of characterizing the rocks.

Figure 9-5 Plan Map of the 2018 Soil Samples (filled triangles) Showing Gold anomalies (filled circles)

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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 53

10 DRILLING

Drilling on the Property was completed by EDDY in 2017 (7 winkie drill holes totalling 166 m) and 2018 (38 diamond drill holes totalling 4,407 m) (Figure 10-1).

Figure 10-1 Inclined View of the Historical Mine Workings and Location of Drilling by EDDY in 2017 and 2018

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2017 Winkie Drill Program

Between September 12[th] and November 15[th] , 2017, EDDY drilled seven shallow BTW-sized diamond drill holes totaling 166 m using an ultralight Winkie drill. This drilling was undertaken by Fladgate Exploration Consulting Corporation of Thunder Bay, Ontario, with Neil Pettigrew, P.Geo, acting as the Qualified Person and supervisor of the program.

Drill core was logged and split on site, using a gas-powered core saw. One half of the split core was placed into a sequentially numbered plastic sample bag conforming to the numbers identified in the sample tag book along with an identification tag from the sample tag book and the bags were securely fastened. The other half of the drill core was returned to the core box in its original position for future reference. The boxes containing the remaining half core were stacked and are currently stored on-site, at a boat launch on claim 4279297. Standards and blanks were alternately inserted every 20th sample. Standards were sourced from CDN Resource Laboratories Ltd. of Langley, British Columbia, and blank material from Nelson Granite Ltd., of Kenora, Ontario. Samples were then transported by Fladgate staff to Manitoulin Transport in New Liskeard, Ontario, who then shipped them to Actlabs in Timmins where they were received by the laboratory staff. The same analytical methods were employed for the drill core samples as for the prospecting, including Au by fire assay/AAS), Ag by aqua regia digest/ICP-OES, and Co, Ni and other base metals by peroxide fusion/ICP-OES).

All drill holes were drilled on claims 427924 and 4279295 (Figure 10-2). The locations and collar details of each hole are listed Table 10-1. Drill core sample sizes ranged from 0.3 to 2.0 m, but averaged 1.1 m. All

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SGS Canada Inc.

Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 54

reported sample widths are drilled core lengths, true widths are unknown as the exact orientation of the cobalt mineralized veins within the fracture zone(s) are unknown at this time.

Table 10-1 2017 Winkie Drill Collar Information

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Hole Number NAD83 Z17 NAD83 Z17 Elevation Azimuth Dip Depth (m)
Easting Northing (m)
KIT-17-001 582380.4 5246036.0 364.5 330 -45 25.9
KIT-17-002 582380.8 5246035.3 364.5 330 -65 25.5
KIT-17-003 582390.8 5246045.8 363 330 -45 19.5
KIT-17-004 582361.8 5246022.2 365 330 -45 3.6
KIT-17-005 582362.1 5246021.6 365 330 -65 35
KIT-17-006 582391.1 5246045.2 363 330 -65 29
KIT-17-007 582407.9 5246054.3 364 330 -65 27.5
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Table 10-2 2017 Winkie Drill Diamond Drilling Highlights (EDDY News Release dated January 16, 2018, posted on SEDAR)

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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 55

Figure 10-2 Drill Hole Collar Locations from the 2017 Drill Program Conducted By Fladgate Exploration for Power Americas (after Flank, 2018)

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10.1.1 Summary of 2017 Drilling Results

KIT-17-001

This first drill hole was ~26m in length and targeted the Shakt-Davis fracture zone beneath overburden trenches. It intercepted medium- coarse-grained non-magnetic Nipissing diabase between 1.3 and 6 m, followed by ~4m of fine- to medium-grained diabase with local quartz-carbonate alteration and small clacitesmaltite-chalcopyritealso smaltite mineralization. After this unit, the hole became more magnetic, and from 10.75m to 20.9m is described as Nipissing diabase which is strongly magnetic containing skeletal magnetite.

KIT-17-002

The second drill hole was 25.5m in length and was an undercut of the first drill hole. It intercepted mediumgrained moderately-magnetic Nipissing diabase between 1.5 and 5 m, followed by a similar unit but more magnetic between 5 and ~10 m depth. A more altered unit of diabase was encountered between ~10 and 14.9 m depth, with pervasive carbonate veining. After this unit, the rocks became more massive and magnetic up to 21.75m depth, and then until the end of the hole was diabase containing pervasive quartzcarbonate alteration and disseminated smaltite mineralization.

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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 56

KIT-17-003

The third drill hole was 19.5m in length situated just west of the 2nd Shakt-Davis shaft. It intercepted massive medium-grained moderately-magnetic Nipissing diabase for the first ~6m with trace smaltite mineralization, followed by ~5m of the quartz-carbonateminor smaltite mineralization. The Nipissing diabase unit is encountered below 11m depth in the hole, again

KIT-17-004

The fourth drill hole was only 3.6 m in length, situated just east of the 1st Shakt-Davis shaft. It was originally targeting the Shakt-Davis fracture zone, however only intercepted the top Nipissing diabase unit with no al disseminated smaltite was observed near fractures from 3.1 to 3.6 m depth. Hole was abandoned as it passed through a sand-filled seam.

KIT-17-005

Hole 5 targeted an undercut of hole 4, in order to achieve a longer drill hole length in the same area. This hole ended up being 35 m in length and the first 22.6 m was the medium-grained, massive Nipissing diabase with minor disseminated smaltite mineralization adjacent to epidote-filled joints and fractures. Some quartzcarbonate-filled fractures were also encountered. From 22.6 to 29 m depth the rock unit became pervasively carbonate altered, with the occurrence of a silvery-grey replacement mineral (perhaps a Ni-sulphide or finegrained smaltite?), up to 3%. The remaining 6m of the hole is returned to Nipissing diabase, relatively unmineralized and massive with local calcite-filled fractures and strong sausseritization.

KIT-17-006

Hole 6 was an undercut of hole 3, just west of the 2nd Shakt-Davis shaft, and reached 29m in length. The first 10 m intercepted the massive, moderately magnetic Nipissing diabase which was locally cut by epidotecalcite-filled fractures with trace disseminated smaltite. Between ~10.5 and 13.7 m depth appeared to be the pervasively-carbonate-altered diabase unit, similar to the other drill holes. This unit contained a calcitealong fractures. Then returned back to the pervasively quartz-carbonate-altered unit between ~17 and 23 m depth. The hole ended in massive Nipissing diabase at 29m.

KIT-17-007

Hole 7 was targetting the Shakt-Davis fracture zone, just east of the 2nd Shakt-Davis shaft, and reached 27.5 m in length. The first ~15.5 m intercepted the massive, moderately magnetic Nipissing diabase. Between ~15.5 and 27.5 m depth appeared to be the pervasively quartz-carbonate-altered diabase unit, ph -arsenide or smaltite. The hole ended in this perceived mineralized unit.

The drilling targeted the Shakt-Davis fracture zone beneath overburden-filled pits and trenches. The historical trenching had been so thorough that very little in situ vein material remained in bedrock at surface making evaluation of the grade and thickness of the fracture zone difficult. The program intersected the fracture zone that hosts the Shakt-Davis mineralization over a strike length of 55 m and tested it to a maximum depth of ~30 m. The fracture zone ranged from 5 to 13 m wide (drilled core length) and hosted several 0.1-1.0 m quartz-carbonate veins surrounded by intense carbonate alteration. Although assay results were not available as of the effective date of this report, observations within the drill logs suggest that the majority of cobalt mineralization occurs as smaltite within quartz-carbonate veins hosted within a coating on joint and fracture surfaces.

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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 57

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2018 Winter Diamond Drill Program

Between January 14 and March 30, 2018, EDDY drilled 17 shallow BTW-sized diamond drill holes totaling 1,752 m. This program utilized a conventional diamond drill rig operated by Chenier Drilling Services Inc. of Val Caron, Ontario. Neil Pettigrew, M.Sc., P.Geo., acted as the Qualified Person and supervisor of the program.

Holes were drilled on claims 117305, 127034, and 174120. The exact locations of each drill hole collar and details of each hole including elevation, azimuth, dip, and final depth, are listed in Table 10-3 and illustrated on drill plan maps (Figure 10-3 to Figure 10-5).

Significant intercepts from the 2018 winter drill program are presented in Table 10-4.

Table 10-3 2018 Winter Drill Program Drill Collar Information

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Hole NAD83 Z17 NAD83 Z17 Elevation Collar Collar Depth
Number Easting (m) Northing (m) (m) Azimuth Dip (m)
KIT-18-001 582415.46 5245987.72 355.96 327.1 46.1 68.8
KIT-18-002 582415.46 5245987.72 355.96 327.3 56 159
KIT-18-003 582415.46 5245987.72 355.96 327.3 72.4 267
KIT-18-004 582406.98 5245981.24 356.26 326.7 58.3 165.45
KIT-18-005 582406.98 5245981.24 356.26 326.64 69.2 251
KIT-18-006 582426.04 5246045.13 358.06 332.14 45 63
KIT-18-007 582426.04 5246045.13 358.06 341.04 62.2 75
KIT-18-008 582426.04 5246045.13 358.06 333.74 45.7 60
KIT-18-009 582462.13 5246058.19 362.36 337.34 61.9 56.5
KIT-18-010 582462.13 5246058.19 362.36 337.34 61.9 120.25
KIT-18-011 582396.57 5246071.49 355.06 154.34 54.3 69
KIT-18-012 582396.57 5246071.49 355.06 151.94 67.9 72
KIT-18-013 582396.57 5246071.49 355.06 154.14 45.1 33.2
KIT-18-014 582324.08 5246040.86 351.37 153.24 44.9 68
KIT-18-015 582324.08 5246040.86 351.37 157.94 62.5 84.35
KIT-18-016 583460.77 5246397.93 316.25 161.24 45.7 57
KIT-18-017 583460.77 5246397.93 316.25 160.64 59.8 82.45
Total 1,752 m
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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 58

Figure 10-3 Plan Maps for 2018 Winter Drill Holes 1-15 near the Historical Shakt-Davis Mine Workings (from Jeffs, 2019)

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Figure 10-4 Isometric View Looking Northwest, Showing Historic Mine Workings, Fall 2017 and Winter 2018 Drilling, and Illustrating Interpreted Higher-Grade Shoots Within The Historic Shakt-Davis Mine Area

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Figure 10-5 Plan Map for Drill Holes 16 and 17 near the Historical Edison Mine Workings

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Table 10-4 Significant Intercepts from the 2018 Winter Drill Program (see EDDY News Release dated May 23, 2018 and June 6, 2018, posted on SEDAR)

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Hole From To Width Co Au Ag Cu Ni
Number (m) (m) (m) wt.% g/t g/t wt.% wt.%
KIT-18-001 Hole abandoned due to intersecting old workings
KIT-18-002 84.33 85.1 0.77 0.38 0.017 0.1 0.00 0.06
KIT-18-003 No Significant Results
KIT-18-004 90.7 91.62 0.92 0.52 0.009 0.1 0.00 0.06
KIT-18-005 No Significant Results
KIT-18-006 29.58 40.59 17.85 0.04 0.007 0.2 0.02 0.01
Inc. 29.58 33.30 3.72 0.08 0.079 0.3 0.02 0.01
Inc. 29.58 30.00 0.42 0.42 0.060 0.9 0.00 0.06
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Hole From To Width Co Au Ag Cu Ni
Number (m) (m) (m) wt.% g/t g/t wt.% wt.%
KIT-18-007 28.97 34.35 5.38 0.11 0.005 0.2 0.02 0.02
Inc. 30.97 31.27 0.73 0.61 0.020 0.8 0.03 0.10
KIT-18-008 22.26 51.5 29.24 0.05 0.007 0.2 0.01 0.01
Inc. 22.26 27.34 5.08 0.10 0.003 0.5 0.03 0.02
Inc. 25.63 27.34 1.71 0.18 0.005 0.6 0.03 0.02
And 34.58 35.93 1.35 0.38 0.120 1.2 0.01 0.12
And 48.31 51.50 3.19 0.16 0.003 0.5 0.01 0.03
Inc. 50.60 51.50 0.90 0.36 0.003 0.6 0.01 0.06
KIT-18-009 40.26 40.78 0.52 0.123 0.008 0.400 0.024 0.019
KIT-18-010 50.65 57 6.35 0.123 0.005 0.672 0.049 0.018
Inc. 50.65 51.86 1.21 0.311 0.002 0.553 0.019 0.043
Inc. 50.65 51.22 0.57 0.564 0.001 0.500 0.003 0.072
KIT-18-011 32.09 32.48 0.39 0.104 0.005 0.100 0.000 0.012
KIT-18-012 31.11 33 1.89 0.178 0.008 0.634 0.017 0.019
Inc. 31.11 31.63 0.52 0.47 0.010 0.800 0.014 0.047
KIT-18-013 18 18.55 1.55 0.054 0.012 1.500 0.288 0.003
KIT-18-014 No Significant Results
KIT-18-015 No Significant Results
KIT-18-016 18.4 20.59 2.19 0.056 0.003 0.568 0.026 0.012
KIT-18-017 26.79 29.12 2.33 0.084 0.003 0.828 0.082 0.011
Inc. 26.79 27.2 0.41 0.401 0.003 1.000 0.003 0.031
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*All reported widths are drilled core lengths.

** Includes zero grade for un-sampled core from 28.34-33.53m and 37.67-48.31m.

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Technical Report Kittson Property Larder Lake Mining Division, Ontario, Canada Page 62

10.2.1 Summary of Winter 2018 Drill Program

The drilled core was sampled selectively, targeting zones of observed mineralization (e.g. Co-Cu-Ni-Agbearing arsenides, sulpharsenides, oxides, and sulphides), plus an envelope on either side. A total of 641 samples were collected, totaling 535.23 m, representing 30% of the total metres drilled. All of the drill holes were sampled. Drill core samples ranged in size from 0.3 to 2.1 m, and averaged 0.87 m. All reported sample widths are drilled core lengths. True widths are unknown, as the exact orientation of the Comineralized veins within the fracture zone are unknown at this time. Core recovery was good for all 17 holes, and all casings were left in place and capped.

The drilling targeted the Shakt-Davis fracture zone beneath overburden-filled pits and trenches, as well as to the north of the Edison Mine. The historical trenching had been so thorough that very little in situ vein material remained in bedrock at surface, making evaluation of the grade and thickness of the fracture zone difficult. The program intersected the fracture zone that hosts the Shakt-Davis mineralization over a strike length of 125 m and tested it to a maximum depth of 170 m. The fracture zone ranged from 5 to 30 m wide (drilled core length) and hosted several 0.1-1.0 m quartz-carbonate veins surrounded by intense carbonate alteration.

The majority of cobalt mineralization occurs as smaltite within quartz-carbonate veins hosted within a brittle fracture zone. However, a significant portion may also occur as erythrite ( cobalt bloom ), a powdery pink coating on joint and fracture surfaces.

The first 10 drill holes were collared to the southeast of the historical Shakt-Davis workings, whereas holes 11-15 were collared to the northwest of the workings, aiming to intersect mineralization from the opposite direction (Figure 10-3). Holes 16 and 17 tested ground northeast of the historical Edison mine workings (Figure 10-5).

KIT-18-001

This hole was collared in claim 127034. A layer of overburden 1.5 m thick covers Lorrain metasediments, mostly arkose, which display bedding planes and contains many fault gouges and weak hematite staining. The contact between arkose and diabase occurs at 23 m depth. The Nipissing diabase unit is non-magnetic and contains epidote breccia and quartz-hematite-epidote veins with trace malachite as well as a small fracture zone with calcite and chlorite. At 58 m depth, the diabase unit becomes hydrothermally altered and contains a silvery alteration mineral which may be specular hematite. This section contains calcite veinlets and pyrite. After drilling through another 5 m of unaltered Nipissing diabase, the hole ended in historical underground workings.

KIT-18-002

This hole was collared at the same site as KIT-18-001. A layer of overburden 1.7 m thick covers Lorrain metasediments, which are medium to coarse grained arkose with bedding planes. This unit is highly fractured and contains calcite and chlorite mineralization along fracture planes. The contact with the Nipissing Diabase occurs at 31.5 m depth, and this unit is roughly 50 m in drilled core length. The diabase unit is massive and non-magnetic and heavily fractured. Fracture planes contain weak calcite-hematitechlorite mineralization, along with epidote stringers. Two zones of hydrothermally-altered diabase occur within the larger diabase unit, containing up to 5% of a silvery alteration mineral, which is likely to be specular hematite. The hole then intercepted underground workings, possibly a winze, for roughly 4 m, and then returned to Nipissing diabase for a further 44 m.

KIT-18-003

This hole was collared at the same site as KIT-18-001 and -002. Overburden in this hole was 2.2 m thick and then the hole proceeded into 53 m of Lorrain Formation metasediments with bedding planes evident and fault gouges. Nipissing diabase occurs at 55 m depth and appears massive and unaltered. Minor traces of epidote and calcite occur along joints and fractures. Underground workings were intercepted at 129 m depth, lasting for roughly 2 m, before returning to layers of massive unaltered diabase and hydrothermally-

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altered diabase which together last until 174 m depth. The altered diabase contains calcite and epidote veining, along with hematite alteration along fractures. Lorrain metasediments return at 174 m depth, running through to the end of the hole at 267 m. This unit contains intermittent narrow ( 0.3 m) diabase dykes.

KIT-18-004

This drill hole has 38 m of Lorrain metasediments at the top, mostly arkose, containing fault gouges with some pyrite mineralization. The rest of the hole contains Nipissing diabase, alternating between altered and unaltered, both units containing varying amounts of quartz/carbonate veining. The hydrothermally-altered diabase sections contain varying amounts of an alteration mineral, thought to be actinolite during logging, but later surmised to be specular hematite with further observation. The end of the hole is at 165 m.

KIT-18-005

This hole was collared at the same location as KIT-18-004. It went through overburden for the first 1.9 m, and then Lorrain metasediments until 52 m depth. These sediments are mostly arkose with fine-grained siltstone intercalated throughout and a fault zone containing hematite and limonite staining along fracture surfaces. Nipissing diabase starts at 52 m and continues until 179 m, when Lorrain metasediments reappear. The Nipissing diabase alternates between medium-grained massive units with weak hematite and chlorite alteration along fractures, to altered diabase with narrow quartz-calcite veins and trace mineralization such as pyrite and smaltite.

KIT-18-006

This hole was 63 m in total length. The first 1.3 m is overburden, followed by Nipissing diabase until 19 m. This unit is massive with only weak fractures having calcite-hematite veining. From 19-42 m depth, the diabase appears altered, with more calcite-quartz veining within intermittent fracture zones. Mineralization including pyrite, possible annabergite, weak Co bloom and locally up to 1% smaltite. The hole returns to massive Nipissing diabase at the end, with fracturing that displays weak calcite along fracture planes.

KIT-18-007

This hole was collared at the same spot as KIT-18-006. The first 1 m intersected overburden, and the rest of the hole down to its 75 depth was diabase. The first 18 m is massive unaltered Nipissing diabase showing fracture zones with calcite veins, hematite, and trace pyrite. Below this unit is altered diabase, showing pervasive calcite with pyrite and hematite, along with an alteration mineral initially thought to be actinolite, later determined to likely be specular hematite. After these first two diabase units, the layered pattern repeats for four more cycles, with weak Co bloom, calcite, and hematite mineralization within the altered sections.

KIT-18-008

This hole was collared at the same spot as holes -006 and -007. After roughly 2 m of overburden, the entire hole intersected Nipissing diabase, alternating between massive unaltered diabase with sparse epidote, and calcite occurrences, and altered diabase with pervasive hematite alteration and Co-Ni mineralization in the form of smaltite, annabergite, and Co bloom. The hole ended at 60 m.

KIT-18-009

The first 23 m of this hole intersected Nipissing diabase that was moderately magnetic and massive, having calcite along fractures. Altered diabase follows this unit for only 2 m, containing small calcite-quartz veins with Co bloom and alteration hematite. Another unit of altered diabase follows an intermediate massive diabase unit, and the altered unit contain quartz-carbonate veining with 1% pyrite, perhaps nickeline, hematite staining, and a section containing breccia with annabergite and more Co bloom. The hole ends in massive Nipissing diabase at 56 m depth.

KIT-18-010

This hole is collared at the same location as hole 9 above. With only a thin 0.5 m overburden, the first unit encountered w

-calcite-epidote veins. A 1 m section of altered

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diabase follows, with hematite, calcite, and pyrite mineralization before returning to unaltered diabase containing calcite-epidote veins. Another altered diabase unit occurs between 48 and 59 m depth, smaltite, fibrous annabergite, and Co bloom. Occurrences of quartz-calcite veins and brecciated sections with coarse-grained pyrite and chalcopyrite were noted. A further section of massive unaltered diabase followed, with Co bloom and epidote. The hole ends with roughly 46 m of Lorrain metasediments, which contain weak hematite mineralization and quartz-carbonate veining.

KIT-18-011

The next three holes are collared to the northwest of the historical Shakt-Davis workings. This hole begins with 1.2 m of overburden, then follows with massive Nipissing diabase with epidote veining. The entire hole alternates between massive and altered diabase, the latter containing 1- calcite-epidote veinlets. The end of the hole was reached at 69 m with massive diabase containing hematite staining and an occurrence of chalcopyrite mineralization.

KIT-18-012

This hole is collared at the same location as hole KIT-18-011 and encountered only a thin 0.5 m overburden layer. The first layer is roughly 30 m of unaltered Nipissing diabase containing minor epidote. A layer of altered diabase follows and then returns to unaltered diabase with minor hematite. Between 38 and 65 m depth a unit of altered di numerous quartz-carbonate veins containing pyrite. Some smaltite and annabergite mineralization was observed. The hole returned to Nipissing diabase for 3 m and then altered diabase until the end of the hole at 72 m.

KIT-18-013

This hole is collared at the same location as holes 11 and 12, and ended up being 33 m in length. After passing 1.2 m of overburden, the hole intersected roughly 16 m of Nipissing diabase which was moderately magnetic and massive with fractures. The lower unit in this hole was altered diabase containing calciteepidote veining and pervasive hematite alteration. Mineralization encountered in this unit includes pyrite, chalcopyrite, and smaltite.

KIT-18-014

This unit is similar to Nipissing diabase; however the grain size is smaller and the overall colour is darker. A 0.5 m unit of altered diabase is then encountered, with finedetermined to most likely be specular hematite). Below this unit is roughly 24 m of massive Nipissing diabase with calcite-chlorite-hematite veining and erythrite and calcite in fault breccia. At the bottom of the quartz-calcite veins.

KIT-18-015

the first 6 m. The next 3 m is altered diabase with erythrite-smaltite-annabergite mineralization within a 10 cm wide quartz-carbonate vein. An increased abundance of pyrite was noted in this unit. Massive diabase follows until 64 m, exhibiting epidote alteration and containing a brecciated quartz-carbonate vein with minor in unaltered Nipissing diabase.

KIT-18-016

The last two holes were drilled northeast of the historical Edison mine workings and are collared in the same location, with roughly the same azimuth yet different dip. Hole 16 is shallower than hole 17. The first 0.8 m is overburden in hole 16, followed by 34 m of altered diabase containing fracture zones, quartz-calcite

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veins (with up to 15% pyrite), hematite staining and chlorite alteration. The end of the hole is roughly 22 m of unaltered Nipissing diabase with patches of calcite breccia containing up to 20% pyrite.

KIT-18-017

This hole has a thin overburden layer, followed by leucocratic and altered diabase for a further 3.5 m. Altered diabase continues for 36 m with calcite and epidote veining and calcite-hematite-filled fractures. This unit also contains specular hematite. The hole ends in leucocratic diabase, which is moderately magnetic containing occasional zones of medium to coarse-grained pyrite (up to 10%).

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2018 Summer Diamond Drill Program

Between August 7, 2018 and August 28, 2018, EDDY drilled 21 shallow BTW-sized diamond drill holes totaling 2,655 m. This program utilized a conventional diamond drill rig operated by Chibougamau Diamond Drilling Ltd. out of Chibougamau, Quebec. Neil Pettigrew, M.Sc., P.Geo., acted as the Qualified Person and supervisor of the program.

Holes were drilled on claims 174120, 165583 and patent PAT-18015. The exact locations of each drill hole collar and details of each hole including elevation, azimuth, dip, and final depth, are listed in Table 10-5 (Figure 10-6 and Figure 10-7).

Significant intercepts from the 2018 summer drill program are presented in Table 10-6. The drilled core was sampled selectively, targeting zones of observed mineralization (e.g. Co-Cu-Ni-Ag-bearing arsenides, sulpharsenides, oxides, and sulphides), plus an envelope on either side. A total of 1,911 samples were collected, totaling 1,725.86 m, representing 65% of the total metres drilled. This drilling represented the first exploration on the historical Edison mine in over 100 years. Highlights include 0.34% cobalt over 2.65 metres including 0.98% cobalt over 0.35 metres in hole ED-18-010 and 0.46% cobalt over 2.05 metres in hole ED-18-015.

The 2018 summer drill program successfully intersected the fracture zone that hosts the Edison mine mineralization. The fracture zone was much wider than was observed at surface, ranging from 7 to 30 metres wide (drilled core length) hosting several 0.1 - 2.0 metre quartz-carbonate veins surrounded by intense carbonate alteration. Fracture and vein controlled cobalt mineralization in the form of smaltite and erythrite (cobalt bloom) occurred throughout this zone with values as high as 1.24% Cobalt over 0.35 metres.

All of the drill holes were sampled. All reported sample widths are drilled core lengths. True widths are unknown, as the exact orientation of the Co-mineralized veins within the fracture zone are unknown currently. Core recovery was good for all 19 holes, and all casings were left in place and capped. Most of the cobalt mineralization occurs as smaltite within quartz-carbonate veins hosted within a brittle fracture zone. However, a significant port on joint and fracture surfaces.

Table 10-5 2018 Winter Drill Program Drill Collar Information

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NAD83 Z17 NAD83 Z17 Collar
Hole ID Elevation (m) Length (m) Collar Dip
Easting (m) Northing (m) Azimuth
ED2018-01 583282.6 5246273.5 333.69 81 319 -45
ED2018-02 583282.6 5246273.5 333.69 120 319 -60
ED2018-03 583293.08 5246287.45 332.06 54 332 -45
ED2018-04 583293.08 5246287.45 332.06 99 332 -60
ED2018-05 583319.27 5246288.72 325.12 66 325 -45
ED2018-06 583319.27 5246288.72 325.1 108 325 -60
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NAD83 Z17 NAD83 Z17 Collar
Hole ID Elevation (m) Length (m) Collar Dip
Easting (m) Northing (m) Azimuth
ED2018-07 583340.91 5246301.47 329.13 102 329 -45
ED2018-08 583340.91 5246301.47 329.13 105 329 -60
ED2018-09 583340.91 5246301.47 329.13 102 329 -70
ED2018-10 583371.96 5246311.81 330.56 153 331 -45
ED2018-11 583371.96 5246311.81 330.56 135 331 -60
ED2018-12 583371.96 5246311.81 330.56 171 331 -70
ED2018-13 583387.03 5246324.47 337.94 129 336 -45
ED2018-14 583387.03 5246324.47 337.94 204 336 -60
ED2018-15 583387.03 5246324.47 337.94 294 336 -70
ED2018-17 583387.03 5246324.47 337.94 162 336 -78
ED2018-18 583408.34 5246318.77 331.8 276 346 -45
NS2018-01 583709 5248424 255 48 0 -45
NS2018-02 583709 5248424 255 111 5 -60
NS2018-03 583709 5248424 255 45 200 -45
NS2018-04 583709 5248424 255 90 200 -60
Total: 2,655
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Figure 10-6 Plan Maps for 2018 Summer Drill Holes Near the Historical Edison Mine Workings (Clapp, 2020)

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Figure 10-7 Isometric View of the 2018 Summer Drilling in the Edison Shaft Area

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Table 10-6 Significant Intercepts from the Summer 2018 Drill Program (see EDDY News Releases dated October 23, 2018 and January 15, 2019, posted on SEDAR)

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*All reported widths are drilled core lengths

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11 SAMPLE PREPARATION, ANALYSES, AND SECURITY

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2017 Program

Collected prospecting samples were put directly into individual sample bags with sample tags and transported by truck back to Thunder Bay, Ontario, in the possession of the QP for Fladgate Exploration, Neil Pettigrew (Flank, 2018). Samples were transported directly to Activation Laboratories Ltd. in Thunder Bay, Ontario where they were then received, processed, and analyzed. The analytical codes used include 1A2-Au-50g (fire assay/AAS), 1E-Ag (aqua regia digest/ICP-OES), and 8-peroxide-all elements (Na2O2 digest/ICP-OES). No standards or blanks were included in the sample stream of the prospecting samples however standards and blanks were alternatively placed every 20 samples for the drilling.

All of the drill core was logged and split onsite using a gas-powered core saw. One hundred percent of the core was split and sampled. The remaining half of the core was replaced in the core boxes and the core is stored onsite. Standards and blanks were alternately inserted every 20th sample. Standards were sourced from CDN Resource Laboratories Ltd. of Langley, British Columbia, and blank material from Nelson Granite Ltd., of Kenora, Ontario. No duplicate samples were included in the sample stream. The nature and extent of QA/QC procedures implemented in the drill program are sufficient for a 166 m program, in order to provide adequate confidence in the data received. All drill core samples were transported by Fladgate Exploration personnel to Manitoulin shipping in New Liskeard, Ontario, and shipped directly to the Timmins location of Activation Laboratories for analysis, with security tags in place. Samples were received, processed, and analysed following same methods as described above for the prospecting samples.

The Authors are independent of Actlbs. It is an accredited analytical facility, with a Quality Control System Standardization/International Electrotechnical Commission (ISO/IEC) 17025 (ISO/IEC 17025 includes ISO 9001 and ISO 9002 specifications), with CAN-P-1578 (Forensics), CAN-P-1579 (Mineral Analysis) and CAN-P-1585 (Environmental) for specific registered tests by the SCC. The accreditation program includes ongoing audits which verify the QA system and a www.actlabs.com).

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2018 Winter Program

Drill core was logged and split on site, using a gas-powered core saw (Jeffs, 2019). One half of the split core was placed into a sequentially numbered plastic sample bag conforming to the numbers identified in the sample tag book, along with an identification tag from the sample tag book, and the bags were securely fastened. The other half of the drill core was returned to the core box in its original position for future reference. The boxes containing the remaining half core are for the most part stored on-site at a boat launch on claim 213497, although some significant intercepts were transported to the offices of Fladgate Exploration in Thunder Bay for more detailed analysis and storage.

Samples were shipped to Actlabs in Timmins, Ontario, by Manitoulin Transport from New Liskeard. Samples were accompanied by individual security tags, which were confirmed by Actlabs staff upon arrival. the data manager at Fladgate Exploration.

Core samples were dried before going through the preparation stage (code RX1), whereby samples were crushed in their entirety (with 95% passing -2mm), mechanically riffle split to obtain a representative sample, then pulverized (with 95% passing -105 µm). Cleaner sand was used between each sample.

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Samples were analysed for Au by fire assay and atomic absorption spectroscopy (AAS), Ag by aqua regia digest and ICP-OES finish, and Co, Ni and other base metals by peroxide fusion digestion and ICP-OES finish. Standards and blanks were alternately inserted every 20th sample. Crush duplicates and coarse duplicates were also included in the QA/QC protocol, every 60th sample.

Standards were sourced from CDN Resource Laboratories Ltd. of Langley, British Columbia (CDN-ME1207 containing 320 ppm Co ±20 ppm 2 Stdev , Western Australia (GBM998-10 and GBM917-4 containing 1,202 ppm (±159 Stdev) and 11,576 ppm Co (±460 Stdev), respectively). Blank material was uncertified barren granite, collected from Nelson Granite Ltd. of Kenora, Ontario.

The three Co-bearing certified reference materials employed in this study were characterized by 4-acid digest, and in the present study they were analysed using peroxide fusion. Two of the three standards returned Co results within 1 standard deviation of the certified value (GBM-998-10 and GBM-917-4), however the third standard displayed a high bias in the results. A single analysis was registered to be 5 standard deviations above the certified value of 0.032% Co. It is possible that the matrix of this reference material is such that the amount of Co able to be converted into the acidic solution during digestion is greater during a peroxide fusion compared to the amount liberated during a 4-acid digest. Further tracking of a greater analytical population and a comparison test between digestion methods for this particular standard (CDN-ME-1207) is warranted. All blanks except for one analysed in this study returned less than detection for Co. A reanalysis, therefore either the material contained a small xenolithic fragment as contamination, or the jaw crushing stage introduced a small bleed-

which was above the detection limit of 0.002%, yet still very minor. Four crush duplicate samples were included in the QA/QC protocol for this program, intentionally to test for reproducibility. Results of these samples were excellent, returning in most cases <5% error between the analytical pairs.

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2018 Summer Program

As for the 2018 winter drill program, drill core was logged and split on site, using a gas-powered core saw (Clapp, 2020) One half of the split core was placed into a sequentially numbered plastic sample bag conforming to the numbers identified in the sample tag book, along with an identification tag from the sample tag book, and the bags were securely fastened. The other half of the drill core was returned to the core box in its original position for future reference. The boxes containing the remaining half core are stored on-site at Edison Shaft area.

Standards were sourced from CDN Resource Laboratories Ltd. of Langley, British Columbia (CDN-ME1207 containing 320 ppm Co ±20 ppm (GBM998-10 and GBM917-4 containing 1,202 ppm (±159 Stdev) and 11,576 ppm Co (±460 Stdev), respectively). Blank material was uncertified barren granite, collected from Nelson Granite Ltd. of Kenora, Ontario.

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All blanks returned low cobalt values ranging from 3 to 17 ppm.

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Conclusion

As of the effective date of this report, no additional information regarding sample preparation, analyses, and security regarding the 2017 and 2018 drill programs has been provided to the Authors and the results of the QA/QC sample programs have not been extensively reviewed by the Authors for the purposes of this report. The Authors have no reason to believe that the 2017 and 2018 drill data is not of good quality.

The Authors are of the opinion that the sample preparation, analysis, QA/QC and security protocol used by EDDY to date is appropriate for an exploration program. The drill data is not currently being used for a to support a MRE. If the Project experiences a rapid advancement to a MRE phase, including additional drilling in one or more of the target areas, a comprehensive QA/QC program will need to be implemented for new drilling, and the results of the QA/QC program carried out during the 2017 and 2018 drill programs will need to be compiled and reviewed before publication of a MRE.

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12 DATA VERIFICATION

The following section summarise the data verification procedures that were carried out and completed and documented by the Authors for this technical report.

As part of the verification process, the Authors reviewed all geological data and databases. Verifications were carried out on drill hole locations (i.e. collar coordinates) and down hole surveys. The Authors conducted verification of the laboratories analytical certificates and validation of the Project digital database for errors or discrepancies. A minimum of 20% of the digital assay records were randomly selected and checked against the laboratory assay certificates. Minor errors were noted and corrected during the validation process. The database is not currently being used for a Mineral Resource Estimate.

The Property is considered by the Authors as an early stage exploration property.

In addition, as described below, Sexton conducted a site visit to the Kittson Cobalt Property on June 4th, 2021, accompanied by Ian Stokes, Geologist in Training with GeoVector Management Inc. There is currently no exploration or mining activities on the Property. EDDY has completed limited surface exploration on the Property to date.

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Site Inspection

During the site visit, Sexton examined a number of mineralized core intervals from diamond drill holes at the Edison Shaft area. Sexton examined accompanying drill logs and assay certificates and visually compared these results against the drill core mineralized zones.

Selected core samples were taken from the half drill core for check analysis (Figure 12-1 and Figure 12-2). The samples were from the entire sample intervals of previous assays for direct comparison of these intervals. Results of the check assays are pending (Table 12-1).

The author located and verified drill collar locations using a hand-held GPS. All collars were well marked and reported locations were shown to be accurate within the 1-3 metre accuracy of the GPS.

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Figure 12-1 Half Core Interval from hole ED18-10 Prior to Resampling

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Figure 12-2 Core Interval from hole ED18-10 After Resampling

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Table 12-1 Kittson Check Assays June 4, 2021

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Drill Hole Original Sample From To Check Sample
KIT18-012 702517 31.11 31.63 GR06426
KIT18-012 702518 31.63 32.57 GR06427
KIT18-012 702519 32.57 33.00 GR06428
ED18-10 761449 74.50 74.85 GR06429
ED18-10 761450 74.85 75.75 GR06430
ED18-10 761451 75.75 76.40 GR06431
ED18-10 761452 76.40 76.77 GR06432
ED18-10 761453 76.77 77.15 GR06433
STANDARD GR06434
KIT18-010 782212 50.65 51.22 GR06435
KIT18-010 782213 51.22 51.86 GR06436
KIT18-010 782214 51.86 52.58 GR06437
KIT18-010 782215 52.58 54.06 GR06438
KIT18-010 782216 54.06 55.55 GR06439
KIT18-010 782217 55.55 56.26 GR06440
KIT18-010 782218 56.26 57.00 GR06441
BLANK GR06442
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Conclusion

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13 MINERAL PROCESSING AND METALLURGICAL TESTING

There has been no metallurgical testing by Element79 on samples from the Property.

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14 MINERAL RESOURCE ESTIMATE

Eddy has yet to complete a MRE on the Property.

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15 MINERAL RESERVE ESTIMATES

There are no Mineral Reserve estimates stated on this Property. This section does not apply to this Technical Report.

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16 MINING METHODS

This section does not apply to this Technical Report.

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17 RECOVERY METHODS

This section does not apply to this Technical Report.

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18 PROJECT INFRASTRUCTURE

This section does not apply to this Technical Report.

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19 MARKET STUDIES AND CONTRACTS

This section does not apply to this Technical Report.

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20 ENVIRONMENTAL STUDIES, PERMITTING AND SOCIAL OR COMMUNITY IMPACT

This section does not apply to this Technical Report.

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21 CAPITAL AND OPERATING COSTS

This section does not apply to this Technical Report.

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22 ECONOMIC ANALYSIS

This section does not apply to this Technical Report.

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23 ADJACENT PROPERTIES

There is no information on properties adjacent to the Kittson Property necessary to make this technical report understandable and not misleading.

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24 OTHER RELEVANT DATA AND INFORMATION

There is no other relevant data or information available that is necessary to make the technical report understandable and not misleading. To the Authors knowledge, there are no significant risks and uncertainties that could reasonably be expected to affect the reliability or confidence in the exploration information.

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25 INTERPRETATION AND CONCLUSIONS

SGS Geological Services was contracted by Edison Cobalt Corp. (formerly Power Americas Minerals Corp) to complete a National Instrument 43-101 Technical Report for the Kittson Cobalt Property in the Kittson and Coleman Townships, Larder Lake Mining Division, Ontario, Canada. The Property is considered an early stage exploration property.

Allan Armitage, Ph.D., P. Geo. of SGS and Alan Sexton, MSc, P.Geol. of GeoVector Management Inc. are responsible for the preparation of the current technical report. Armitage and Sexton are independent Qualified Persons as defined by NI 43-101. Sexton conducted a site visit to the Kittson Cobalt Property on June 4th, 2021.

Property merits continued exploration. The project encompasses an extensive prospective E-W-trending fracture zone, only portions of which have been tested. While substantial underground development was conducted on the project, very few historical records of this work remain, making evaluation of the cobalt mineralization difficult (Flank, 2018). Therefore, continued exploration including diamond drilling is required in order to better evaluate the quality and quantity of the cobalt mineralization on the project.

26 RECOMMENDATIONS

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Cobalt-Kittson, and Edison Mines mine areas should be developed that incorporates recent drilling information (e.g. lithological and geochemical), so that new drill targets can be selected. The 3D modelling may help better define controlling lithology/structures, i.e. Nipissing diabase dykes, dip/plung direction of shear structures and intersection lineation defined by cross-cutting shear structures.

Phase 2 should consists of a minimum of 2,000 metres of diamond drilling to test any potential mineralized structures or lithology outlined by the Phase 1 work, and to test on-strike and down-dip/down-plunge extensions of existing mineralization.

A proposed program and budget for the 2021 is outlined below (Table 26 1).

The Authors have reviewed the proposed program for further work on the Property and, in light of the observations made in this report, supports the concepts as outlined. Given the prospective nature of the plans for further work are justified. The current proposed work program will help advance the Property and will provide key inputs required to evaluate the potential on the Property.

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Table 26-1 Recommended 2021 Work Program by EDDY on the Kittson Property

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27 REFERENCES

Al-Hashim, Mansour H., (2016) Sedimentology and geochemistry of the mixed carbonate-siliciclastic Espanola Formation, Paleoproterozoic Huronian Supergroup, Bruce Mines-Elliot Lake Area, Ontario, Canada. Electronic Thesis and Dissertation Repository. 4350.
Andrews, A.J., Owsiacki, L., Kerrich, R. & Strong, D.F. (1986). The silver deposits at Cobalt and Gowganda Ontario. I: Geology, petrology, and whole-rock geochemistry. Canadian Journal of Earth Sciences, 23, 1480 ~~1~~ 606.
Ayer, J.A., Chartrand, J.E., Grabowski, G.P.D., Josey, S., Rainsford, D., and Trowell, N.F. (2006) Geological compilation of the Cobalt-Temagami area, Abitibi greenstone belt. Ontario Geological Survey, Preliminary Map P.3581, scale 1:100,000.
Bekker A., Kaufman A.J., Karhu J.A., and Eriksson K.A. (2005) Evidence for Paleoproterozoic cap carbonates in North America: Precambrian Research, 137, 167-206.
Bekker, A., Karhu J.A., and Kaufman A.J. (2006) Carbon isotope record for the onset of the Lombardi carbon isotope excursion in the Great Lakes area, North America: Precambrian Research, 148, 145-180.
Bennett, G., Dressler, B. O., and Robertson, J. A. (1992) The Huronian Supergroup and Associated Intrusive Rocks . In: Geology of Ontario Chapter 14. Ontario Geological Survey. Special Volume 4, Part 1, p. 549-592.
Born, P., Burbidge, G.H. (1988) Precambrian Geology of Brigstocke Township, District of Timiskaming: Ontario Geological Survey, Map P.3115. Geological Series-Preliminary Map scale 1:15 480. Geology 1987.
Born, P., Burbidge, G.H., 1997. Precambrian Geology, Brigstocke and Kittson Townships: Ontario Geological Survey Report 275. Pp 43, 47.
Born, P. and Hitch, M.W. (1990) Precambrian geology, Bay Lake area; Ontario Geological Survey, Report 276, 81p.
Clapp, L. (2020) Spring/Summer 2018 Diamond Drill Program Kittson-Cobalt Property Kittson and Coleman Townships, Larder Lake Mining Division, Ontario, Canada.
Easton, R.M. (2000) Metamorphism of the Canadian shield, Ontario, Canada. II. Proterozoic metamorphic history: The Canadian Mineralogist, 38, 319-344.
Faure, S., Beauvais, M.R., and Jalbert, G. (2018) NI 43-101 Technical Report for the Cobalt Project, Ontario Canada for First Cobalt Corp. InnovExplo Consulting Firm, Effective Date: December 31, 2017 Signature Date: March 21st, 2018.
Fedo, C.M., Young, G.M., Nesbitt, H.W., and Hanchar, J.M. (1997) Potassic and sodic metasomatism in the Southern Province of the Canadian Shield: evidence from the Paleoproterozoic Serpent Formation, Huronian Supergroup, Canada: Precambrian Research, 84, 17-36.
Flank, S. (2018) NI 43-101 Independent Technical Report on the Kittson-Cobalt Property, Kittson, Coleman, and Brigstocke Townships, Larder Lake Mining Division, Ontario, Canada. Prepared for Power Americas Minerals Corporation, dated February 16, 2018.

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Goodz, M.D., Watkinson D.H., Smejkal V., and Pertold Z. (1986) Sulphur-isotope geochemistry of silver sulpharsenide vein mineralization, Cobalt, Ontario: Canadian Journal of Earth Sciences, 23, 15511567.
Guindon, D.L., Farrow, D.G., Hall, L.A.F., Daniels, C.M., Debicki, R.L., Wilson, A.C., Bardeggia, L.A. and Sabiri, N. (2016) Report of Activities 2015, Resident Geologist Program, Kirkland Lake Regional Resident Geologist Report: Kirkland Lake and Sudbury Districts; Ontario Geological Survey, Open File Report 6318, 106p.
Jeffs, C. (2019) Winter 2018 Diamond Drill Program Kittson-Cobalt Property, Kittson, Coleman, and Brigstocke Townships, Larder Lake Mining Division, Ontario, Canada.
Kettles, K. (2011) Assessment Report on the Temex Resources Corp. Latchford Gold Project 2009-2010 Exploration Program Latchford, Ontario Larder Lake Mining Division, Ontario NTS 31M/04, 31M/05. Assessment File No. 20008665.
Kissin, S.A., 1992. Five-element (Ni-Co-As-Ag-Bi) veins: Geoscience Canada, v. 19, no. 3, p. 11 ~~3 1~~ 24.
Kerrich, R., Strong, D.F., Andrews, A.J., and Owsiacki, L. (1986) The silver deposits at Cobalt and Gowganda, Ontario: III. Hydrothermal regimes and source reservoirs evidence from H, O, C, and S isotopes and fluid inclusions: Canadian Journal of Earth Sciences, 23, 1519-1550.
Percival, J. A., and Easton, R. M. (2007) Geology of the Canadian Shield in Ontario: An Update. Geological Survey of Canada, Open File 5511.
Pettigrew, N. (2019) 2017 Prospecting Program on the Kittson-Cobalt Property for Assessment Purposes, Kittson, Coleman, and Brigstocke Townships, Larder Lake Mining Division, Ontario, Canada.
Potter, E.G., and Taylor, R.P. (2009) The lead isotope composition of ore minerals from precious metalbearing, polymetallic vein systems in the Cobalt Embayment, northern Ontario: metallogenetic implications: Economic Geology, 104, 869-879.
Potter, E.G., Taylor, R.P., Jones, P.C., Rees, K. and Campbell, I. (2010). The Geological Setting, Mineralogy, and Paragenesis of Gold-Bearing Polymetallic (Cu+Co+Ag+Au+Bi±Pb±Ni±U) Veins of the Merico-Ethel Property, Elk Lake, Northeastern Ontario, Canada
Schwinn, G., Wagner, T., Baartartsogt, B., and Markl, G. (2006) Quantification of mixing processes in oreforming hydrothermal systems of stable isotope and fluid inclusion studies: Geochimica et Cosmochimica Acta, 70, 965-982.
Thurston, P.C., and Stott, G.M. (1988) Northwestern Superior Province; p.12-17 in Summary of Field Work and Other Activities 1988, by the Ontario Geological Survey, edited by A.C. Colvine, M.E. Cherry, Burkhard 0. Dressler, P.C. Thurston, C.L. Baker, R.B. Barlow, and Chris Riddle, Ontario Geological Survey, Miscellaneous Paper 137, 498p.
Veizer, J., Hoefs J., Lowe D.R., and Thurston P.C. (1989) Geochemistry of Precambrian carbonates: II. Archean greenstone belts and Archean sea water: Geochimica et Cosmochimica Acta, 53, 859871.
Veizer, J., Clayton R.N., and Hinton R.W. (1992) Geochemistry of Precambrian carbonates: IV. Early Paleoproterozoic (2.25 ± 025) seawater: Geochimica et Cosmochimica Act 56, 875-885.
Watts, H. A. (1991) Report on Electromagnetometer Survey conducted on the Kittson Cobalt Property, Coleman Township, Larder Lake Mining Division, Ontario.

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Watts, H. A. (1993) Report on Prospecting Activities for 1992 Prospecting Season Conducted on the Kittson Cobalt Property, Larder Lake Mining Division, Province of Ontario
Watts, H. A. (1997) Report on Prospecting Activities, Shakt-Davis Mine Property, Coleman Township, Larder Lake Mining Division, Ontario.
Watts, H. A. (1998) Report on Prospecting Activities Conducted On The Kittson Cobalt Property Larder Lake Mining Division Province of Ontario
Watts, H. A. (2001) Report on Prospecting Activities, Mining Claim #1151271, Coleman Township, Larder Lake Mining Division, Ontario.
Watts, H. A. (2010) Report on Prospecting Activities, Mining Claim #225489, Coleman Township, Larder Lake Mining Division, Ontario.
Williams, H. R., Stott, G. M., Thurston, P. C., Sutcliffe, R. H., Bennett, G., Easton, R. M., and Armstrong, D. K. (1992) Tectonic evolution of Ontario: Summary and synthesis. In: Geology of Ontario, Ontario Geological Survey, Special Volume 4, Part 1, p. 1255-1332.

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28 DATE AND SIGNATURE PAGE

Technical Report on the Kittson Cobalt Property, Kittson, Coleman, and Brigstocke Townships, Larder Lake Mining Division, Ontario, Canada Edison Cobalt Corp. was prepared and signed by the following authors:

The effective date of the report is June 9, 2021. The date of the report is July 16, 2021.

Signed by:

"Original Signed" Qualified Person Allan Armitage, Ph.D., P. Geo.,

"Original Signed" Qualified Person Alan Sexton, MSc, P.Geol. July 16, 2021

Company Company

GeoVector Management Inc.

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29 CERTIFICATES OF QUALIFIED PERSONS

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QP CERTIFICATE ALLAN ARMITAGE

To Accompany the Report titled Technical Report on the Kittson Cobalt Property, Kittson and Coleman Townships, Larder Lake Mining Division,

I, Allan E. Armitage, Ph. D., P. Geol. of 62 River Front Way, Fredericton, New Brunswick, hereby certify that:

I am a Senior Resource Geologist with SGS Canada Inc., 10 de la Seigneurie E Blvd., Unit 203 Blainville, QC, Canada, J7C 3V5 (www.geostat.com).
I am a graduate of Acadia University having obtained the degree of Bachelor of Science - Honours in Geology in 1989, a graduate of Laurentian University having obtained the degree of Masters of Science in Geology in 1992 and a graduate of the University of Western Ontario having obtained a Doctor of Philosophy in Geology in 1998.
I have been employed as a geologist for every field season (May - October) from 1987 to 1996. I have been continuously employed as a geologist since March of 1997.
I have been involved in mineral exploration and resource modeling for gold, silver, copper, lead, zinc, nickel, and uranium in Canada, United States, Mexico, Honduras, Chile, Cuba, Mali and Peru at the grass roots to advanced exploration stage since 1991, including resource estimation since 2006.
I am a member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta and use the title of Professional Geologist (P.Geol.) (License No. 64456; 1999), I am a member of the Association of Professional Engineers and Geoscientists of British Columbia and use the designation (P.Geo.) (Licence No. 38144; 2012), I am a member of The Association of Professional Geoscientists of Ontario (APGO) and use the designation (P.Geo.) (Licence No. 2829; 2017).
I have read the definition of "Qualified Person" set out in National Instrument 43-101") and certify that by reason of my education, affiliation of my professional association and past relevant work experience, I fulfill the requirements to be a "Qualified Person".
7 I am responsible for 1, 2 to 11, 23, 25 to 27. I have reviewed these sections and accept professional responsibility for these sections of this technical report.
8 I have not visited the Kittson Cobalt Property and I have had no prior involvement in the Property.
9 I am independent of Edison Cobalt Corp. as defined by Section 1.5 of NI 43-101.
10 As of the date of this certificate, to the best of my knowledge, information and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.
11 I have read NI 43-101 and Form 43been prepared in compliance with NI 43-101 and the Form.

Signed and dated this 16[th] day of July, 2021 at Fredericton, New Brunswick.

Allan Armitage, Ph. D., P. Geo., SGS Canada Inc.

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QP CERTIFICATE ALAN SEXTON

To Accompany the Report titled Technical Report on the Kittson Cobalt Property, Kittson, Coleman

I, Alan J. Sexton, M. Sc., P. Geo. of 41 Barrhaven Crescent, Nepean, Ontario, hereby certify that:
I am currently a consulting geologist with GeoVector Management Inc., 10 Green Street Suite 312 Ottawa, Ontario, Canada K2J 3Z6
I am a graduate of Acadia University having obtained the degree of Master of Science in Geology in 1988.
I have been continuously employed as a geologist since May of 1982.
Since 1998 I have performed mineral exploration and mineral resource estimating in several commodities including gold (mesothermal), copper/gold porphyries and uranium deposits.
I am a member of the Professional Geoscientists of Ontario (PGO) and use the title of Professional Geologist (P.Geo.). PGO Member # 0563.
out in National Instrument 43and certify that by reason of my education, affiliation of my professional association and past relevant -101.
I am an author of this report and responsible for sections 2.2, 11 and 12 of the Technical Report. I have reviewed these sections and accept professional responsibility for these sections of this Technical Report.
I visited the Kittson Cobalt Property on June 4th, 2021
I have had no prior involvement in the Property.
I am independent of Edison Cobalt Corp. as defined by Section 1.5 of NI 43-101.
As of the date of this certificate, to the best of my knowledge, information and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.
I have read NI 43-101 and Form 43in compliance with NI 43-101 and the Form.

Signed and dated this 16[th] day of July, 2021 at Ottawa, Ontario.

"Original Signed and Sealed"

Alan Sexton, M.Sc., P. Geo., GeoVector Management Inc.

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2018 Prospecting Results and Sample Location Maps (revised from Clapp, 2020)

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Cu
Au Ag (g/t) Co Co (%) Cu Ni Ni (%)
As (ppm) (%)
Sample (g/t) ppm 0.2 (ppm) 1 0.002 (ppm) 1 (ppm) 1 0.005
Assay Cert Easting Northing 2 AR-ICP 0.005
ID ppb 5 AR-ICP AR-ICP FUS- AR-ICP AR-ICP FUS-
TD-ICP FUS-
FA-AA TD-ICP TD-ICP Na2O2 TD-ICP TD-ICP Na2O2
Na2O2
760001 A18-09293 583027 5246304 0 0 6 46 82 77
760002 A18-09293 582876 5246274 0 0 7 51 133 108
760003 A18-09293 583343 5246315 0.039 2.9 > 5000 5100 0.501 69 7580
760004 A18-09293 583337 5246322 0.026 4 > 5000 3580 0.348 64 6890
760005 A18-09293 583525 5246321 0 0 23 30 61 79
760006 A18-09293 583536 5248058 0 0 47 49 60 74
760007 A18-09856 583194 5246336 0.006 0 6 34 11 16
760008 A18-09856 583010 5246296 0.01 0.3 57 127 0.014 111 71
760009 A18-09856 582993 5246293 0.006 0 336 279 0.028 74 122
760010 A18-09856 582996 5246294 0.005 0 50 97 719 49
760011 A18-09856 582992 5246293 0 0 < 2 9 27 15
760012 A18-09856 582996 5246280 0.006 0 111 235 0.023 27 80
760013 A18-09856 582886 5246267 0.005 0.3 11 11 2930 15
760014 A18-09856 582862 5246267 0 0 < 2 4 694 2
760015 A18-09856 582803 5246242 0 0 20 37 103 83
760016 A18-10149 582113 5245811 0.031 0 4 8 99 7
760017 A18-10149 582326 5246015 0.026 0 589 140 0.016 10 218
760018 A18-10149 582325 5246028 0 0.2 31 32 14 32
760019 A18-10149 582332 5246012 0 0 30 47 76 14
760020 A18-10149 582329 5246005 0 0 < 2 3 2 6
760021 A18-10149 582340 5245999 0 0 < 2 10 < 1 20
760022 A18-10149 582332 5246019 0 0 30 34 70 18
760023 A18-10149 582308 5245999 0.016 0.9 > 10000 > 10000 2.45 303 1700
760024 A18-10149 582303 5245999 0 0 287 270 0.028 141 31
760025 A18-10149 582314 5245991 0 0 28 49 192 28
760026 A18-10149 582115 5245804 0.025 0.2 45 65 736 35
760027 A18-10149 582118 5245808 0.006 0 7 34 239 59
760028 A18-10149 582121 5245818 0.02 0 3 20 32 37
760051 A18-09293 583006 5246244 0 0 48 58 299 63
760052 A18-09293 582882 5246258 0 0 6 6 1660 13
760053 A18-09293 582888 5246268 0 0 6 9 1500 20
760054 A18-09293 582503 5246098 0 0 5 45 149 97
760055 A18-09293 582498 5246104 0 0 30 100 0.008 458 77
760056 A18-09293 582235 5245446 0 0.4 21 21 8 22
760057 A18-09293 582232 5245461 0 0 27 16 28 12
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Cu
Au Ag (g/t) Co Co (%) Cu Ni Ni (%)
As (ppm) (%)
Sample (g/t) ppm 0.2 (ppm) 1 0.002 (ppm) 1 (ppm) 1 0.005
Assay Cert Easting Northing 2 AR-ICP 0.005
ID ppb 5 AR-ICP AR-ICP FUS- AR-ICP AR-ICP FUS-
TD-ICP FUS-
FA-AA TD-ICP TD-ICP Na2O2 TD-ICP TD-ICP Na2O2
Na2O2
760058 A18-09293 582210 5245413 0.005 0 < 3 28 79 75
760059 A18-09293 582156 5245424 0 0.4 4 26 13 59
760060 A18-09293 583325 5246326 0 0 > 5000 4250 0.432 7 234
760061 A18-09293 583326 5246321 0.005 0 > 5000 7840 0.784 20 384
760062 A18-09293 583323 5246328 0 0 > 5000 6070 0.667 6 328
760063 A18-09293 583322 5246324 0 0 > 5000 7240 0.751 10 367
760064 A18-09293 583328 5246321 0 0.3 > 5000 > 10000 2.9 5 864
760065 A18-09293 583330 5246322 0 0 227 72 181 25
760066 A18-09293 583328 5246323 0 0.4 82 133 0.013 387 80
760067 A18-09293 583330 5246332 0 0.4 > 5000 > 10000 1.69 16 689
760068 A18-09293 583328 5246317 0 0 > 5000 5850 0.644 8 334
760069 A18-09293 583327 5246322 0 0 1230 741 0.077 6 103
760070 A18-09293 583334 5246334 0 0.3 72 64 84 53
760071 A18-09293 583334 5246321 0 0.4 126 137 0.013 226 62
760072 A18-09293 583329 5246326 0 0.9 2750 5980 0.579 232 494
760073 A18-09293 583322 5246335 0 1.3 > 5000 9920 1.02 26 554
760074 A18-09293 581992 5245668 0.006 0 15 58 102 108
760075 A18-09293 581994 5245659 0.006 0 9 44 88 98
760076 A18-09293 582079 5245157 0 0.3 13 12 1 20
760077 A18-09293 581804 5245264 0 0.3 9 15 229 56
760078 A18-09293 582948 5244891 0 0 6 8 1 18
760079 A18-09293 583104 5245108 0 0 17 26 104 21
760080 A18-09293 583060 5245960 0 0 < 3 3 1 12
760081 A18-09293 583115 5246261 0 0 < 3 48 134 64
760082 A18-09293 583139 5246291 0 0 12 49 200 48
760083 A18-09293 583111 5246316 0 0 4 45 102 77
760084 A18-09293 583039 5246313 0.005 0 7 42 97 102
760085 A18-09293 583684 5248346 0.219 3.2 > 5000 > 10000 2.18 383 2760
760086 A18-09293 583679 5248362 0.026 0.3 2850 1820 0.193 525 444
760087 A18-09293 583682 5248362 0.038 0.6 > 5000 9770 1.05 302 1410
760088 A18-09293 583690 5248378 0 0 33 75 122 96
760089 A18-09293 583720 5248451 0.02 0 > 5000 4160 0.439 8 654
760090 A18-09293 583717 5248445 0 0.3 122 130 0.012 100 154
760091 A18-09293 583725 5248468 0 0 28 28 10 16
760092 A18-09293 583722 5248470 0 0 7 3 93 5
760093 A18-09293 583727 5248474 0 0.3 13 16 361 34
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Cu
Au Ag (g/t) Co Co (%) Cu Ni Ni (%)
As (ppm) (%)
Sample (g/t) ppm 0.2 (ppm) 1 0.002 (ppm) 1 (ppm) 1 0.005
Assay Cert Easting Northing 2 AR-ICP 0.005
ID ppb 5 AR-ICP AR-ICP FUS- AR-ICP AR-ICP FUS-
TD-ICP FUS-
FA-AA TD-ICP TD-ICP Na2O2 TD-ICP TD-ICP Na2O2
Na2O2
760094 A18-09293 583714 5248451 0.03 0.8 > 5000 > 10000 1.47 9 1050
760095 A18-09293 581798 5245605 0 0.4 25 74 95 28
760096 A18-09856 584646 5246185 0 0 < 2 < 1 2 3
760097 A18-09856 583380 5246377 0.006 0 99 147 0.017 229 106
760098 A18-09856 583317 5246366 0 0 9 18 70 18
760099 A18-09856 583302 5246353 0 0 8 25 154 61
760100 A18-09856 583225 5246334 0.012 0 490 409 0.046 336 77
760101 A18-09293 583511 5247687 0 0 12 26 165 55
760102 A18-09293 583334 5246303 0 0.4 25 47 51 39
760103 A18-09293 583353 5246317 0 0 > 5000 4840 0.546 9 274
760104 A18-09293 583355 5246318 0.006 1.7 > 5000 > 10000 1.24 53 676
760105 A18-09293 583340 5246316 0 0 > 5000 2630 0.279 119 125
760106 A18-09293 583357 5246314 0 4.4 586 207 0.022 5720 38
760107 A18-09293 583358 5246317 0 0 4660 2170 0.231 108 100
760108 A18-09293 583353 5246326 0 30.1 121 31 > 10000 4.44 3
760109 A18-09293 583347 5246326 0 16.3 > 5000 990 0.107 > 10000 1.57 10
760110 A18-09293 583348 5246321 0 6.8 75 50 6590 16
760111 A18-09293 583338 5246330 0 0 > 5000 5080 0.506 141 578
760112 A18-09293 583332 5246319 0 2.2 655 325 0.034 1150 48
760113 A18-09293 583336 5246311 0 0 > 5000 5450 0.621 9 722
760114 A18-09293 583270 5246273 0.175 0.9 > 5000 > 10000 5.79 3 > 10000 1.99
760115 A18-09293 582005 5245654 0 0 55 64 122 106
760116 A18-09293 581719 5245482 0 0 16 50 118 91
760117 A18-09293 583100 5245106 0 0 46 119 0.013 87 89
760118 A18-09293 582946 5245304 0 0 8 29 375 45
760119 A18-09293 583484 5247138 0 0 < 3 44 121 58
760120 A18-09293 583480 5247246 0 0 10 46 103 73
760121 A18-09293 583515 5247310 0 0 11 44 117 87
760122 A18-09293 583502 5247336 0 0.3 7 45 110 98
760123 A18-09293 583493 5247267 0 0 10 40 157 50
760124 A18-09293 583485 5247101 0 0 29 37 215 34
760125 A18-09293 583486 5247119 0 0 19 33 260 36
760126 A18-09293 583495 5247776 0 0 7 75 45 30
760127 A18-09293 583493 5247774 0.005 1.1 102 92 145 44
760128 A18-09293 583507 5247765 0.071 5.9 202 230 0.023 > 10000 1.84 87
760129 A18-09293 583489 5247749 0 0.3 5 15 769 43
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Cu
Au Ag (g/t) Co Co (%) Cu Ni Ni (%)
As (ppm) (%)
Sample (g/t) ppm 0.2 (ppm) 1 0.002 (ppm) 1 (ppm) 1 0.005
Assay Cert Easting Northing 2 AR-ICP 0.005
ID ppb 5 AR-ICP AR-ICP FUS- AR-ICP AR-ICP FUS-
TD-ICP FUS-
FA-AA TD-ICP TD-ICP Na2O2 TD-ICP TD-ICP Na2O2
Na2O2
760130 A18-09293 583574 5247934 0.005 0 9 47 183 74
760131 A18-09293 583469 5247766 0.008 0.9 38 41 958 43
760132 A18-09293 583467 5247770 0.006 0 15 42 116 92
760133 A18-09293 583616 5248078 0 0 14 106 0.008 84 47
760134 A18-09293 583611 5248075 0 0 74 42 131 56
760135 A18-09293 583611 5248068 0 5.1 125 89 9850 12
760136 A18-09293 583606 5248078 0.088 0.3 399 148 0.012 599 69
760137 A18-09293 583613 5248072 1.07 2.3 2030 990 0.092 773 158
760138 A18-09856 582955 5245324 0 0 < 2 19 64 80
760139 A18-09856 582975 5245291 0 0 5 24 122 38
760140 A18-09856 582940 5245285 0 0 7 59 13 30
760141 A18-09856 582936 5245280 0.009 0 9 69 25 20
760142 A18-09856 582935 5245277 0 0 4 20 52 14
760143 A18-09856 582938 5245279 0 0 2 32 24 23
760144 A18-09856 583009 5245287 0.005 0 9 7 30 11
760145 A18-09856 583014 5245304 0 0 7 2 22 1
760146 A18-09856 584522 5244432 0 0 < 2 25 56 53
760147 A18-09856 584520 5244424 0 0 2 28 169 54
760148 A18-09856 584520 5244424 0.007 0 3 28 297 57
760151 A18-09293 583363 5246272 0.066 0.5 314 258 0.023 198 75
760152 A18-09293 583370 5246278 0.013 0 > 5000 5180 0.536 8 570
760153 A18-09293 583470 5246395 0 0 1080 431 0.045 3140 41
760154 A18-09293 583466 5246393 0 0 551 52 124 88
760155 A18-09293 583481 5246392 0 0 648 336 0.036 302 50
760156 A18-09293 583489 5246391 0.005 0 1410 821 0.088 366 112
760157 A18-09293 583498 5246387 0.01 1.3 > 5000 9530 1.06 2180 927
760158 A18-09293 583433 5246739 0 0 17 19 866 39
760159 A18-09293 583441 5246712 0 0.3 51 55 27 27
760160 A18-09293 583446 5246686 0.01 0.5 14 14 41 20
760161 A18-09293 583518 5247714 0 0.9 14 18 1160 16
760162 A18-09293 583339 5246324 0.007 0.6 > 5000 > 10000 4.1 14 1710
760163 A18-09293 583348 5246329 0 16.4 > 5000 464 0.048 > 10000 1.69 5
760164 A18-09293 583348 5246324 0 5.5 116 81 9980 11
760165 A18-09293 583347 5246322 0.009 0 > 5000 > 10000 1.15 39 1030
760166 A18-09293 583352 5246319 0.007 0 > 5000 6220 0.684 95 1290
760167 A18-09293 583421 5246369 0.018 0.4 > 5000 5640 0.547 151 655
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Cu
Au Ag (g/t) Co Co (%) Cu Ni Ni (%)
As (ppm) (%)
Sample (g/t) ppm 0.2 (ppm) 1 0.002 (ppm) 1 (ppm) 1 0.005
Assay Cert Easting Northing 2 AR-ICP 0.005
ID ppb 5 AR-ICP AR-ICP FUS- AR-ICP AR-ICP FUS-
TD-ICP FUS-
FA-AA TD-ICP TD-ICP Na2O2 TD-ICP TD-ICP Na2O2
Na2O2
760168 A18-09293 583394 5246367 0.036 0 4370 3240 0.308 12 612
760169 A18-09293 583429 5246372 0.008 0 238 223 0.021 198 115
760170 A18-09293 583324 5246263 0.006 0 12 31 7 58
760171 A18-09293 583476 5246301 0.008 0 10 44 118 77
760172 A18-09293 583535 5246311 0.008 0 10 41 2480 93
760173 A18-09293 583481 5246395 0.008 0.4 406 106 0.009 569 103
760174 A18-09293 583482 5246395 0.01 0 272 410 0.039 473 102
760175 A18-09293 583475 5246406 0.009 0.5 30 44 583 90
760176 A18-09293 583473 5246392 0.008 0.5 833 429 0.041 350 43
760177 A18-09293 583477 5246384 0.005 1.7 1220 818 0.083 3650 140
760178 A18-09293 583471 5246382 0.032 5 > 5000 9550 0.99 2270 566
760179 A18-09293 583472 5246404 0.009 1.9 > 5000 4160 0.454 4790 634
760180 A18-09293 583462 5246369 0.013 1.6 3440 2330 0.253 442 266
760181 A18-09293 583457 5246378 0 2.4 848 519 0.054 206 85
760182 A18-09293 583493 5247770 0.008 0.4 723 479 0.052 69 138
760183 A18-09293 583480 5247753 11 16.3 1420 1830 0.204 > 10000 9.12 65
760184 A18-09293 583476 5247749 0.039 0.3 62 149 0.015 2070 78
760185 A18-09293 583472 5247757 0.146 1.2 662 312 0.032 > 10000 1.67 71
760186 A18-09293 583565 5247947 0 0 4 50 158 71
760187 A18-09293 583539 5248095 0.006 0.4 4 50 451 90
760188 A18-09293 583552 5248092 0 0 19 33 74 64
760189 A18-09293 583544 5248062 0.018 0.3 8 20 209 44
760190 A18-09293 583560 5248092 0.006 0.6 3 9 1140 39
760191 A18-09293 583554 5248088 0.005 0.6 17 25 1330 46
760192 A18-09293 583625 5248252 0 0 7 20 106 42
760193 A18-09293 583604 5248273 7.83 15.7 2580 2510 0.283 > 10000 8.6 228
760194 A18-09293 583608 5248273 0.7 1.7 211 172 0.016 5520 70
760195 A18-09293 583718 5248428 0.012 0.4 49 131 0.012 43 76
760196 A18-09293 583707 5248423 0.007 0.5 357 323 0.032 455 256
760197 A18-09856 583014 5245292 0 0.4 5 15 42 20
760198 A18-09856 583015 5245284 0 0 3 15 15 38
760199 A18-09856 583012 5245289 0 0.2 < 2 14 34 53
760201 A18-09856 584515 5244428 0 0 4 31 198 66
760202 A18-09856 584510 5244425 0 0 3 27 99 58
760205 A18-10149 582339 5246152 0 0 < 2 9 < 1 19
760206 A18-10149 583293 5246346 0 0 5 25 35 53
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Cu
Au Ag (g/t) Co Co (%) Cu Ni Ni (%)
As (ppm) (%)
Sample (g/t) ppm 0.2 (ppm) 1 0.002 (ppm) 1 (ppm) 1 0.005
Assay Cert Easting Northing 2 AR-ICP 0.005
ID ppb 5 AR-ICP AR-ICP FUS- AR-ICP AR-ICP FUS-
TD-ICP FUS-
FA-AA TD-ICP TD-ICP Na2O2 TD-ICP TD-ICP Na2O2
Na2O2
760207 A18-10149 583213 5246340 0 0 9 43 142 70
760208 A18-10149 583041 5246304 0 0 6 30 131 49
760209 A18-10149 582945 5246268 0.005 0 < 2 31 149 36
760210 A18-10149 582843 5246240 0 0 8 30 121 48
760211 A18-10149 582747 5246232 0 0 < 2 30 121 43
760212 A18-10149 582650 5246184 0 0 < 2 32 115 55
760213 A18-10149 582332 5246022 0 0 64 64 138 16
760214 A18-10149 582345 5246018 0 0 36 43 93 19
760215 A18-10149 582314 5246019 0 0 14 37 101 17
760216 A18-10149 582288 5246034 0 0 23 46 139 20
760217 A18-10149 582271 5246042 0 0 4 33 112 37
760218 A18-10149 582279 5246026 0 0 5 32 111 35
760219 A18-10149 582287 5246011 0 0 8 29 76 18
760220 A18-10149 582295 5245992 0 0 16 36 178 15
760221 A18-10149 582294 5245992 0 0 19 31 146 16
760222 A18-10149 582056 5245763 0.024 0.2 1060 845 0.083 1510 75
760223 A18-10149 582069 5245757 0 0 6 31 132 42
760224 A18-10149 582082 5245781 0 0 < 2 16 3 45
760225 A18-10149 582104 5245788 0 0 < 2 12 3 24
760251 A18-10149 582340 5245990 0 0 4 29 126 33
760252 A18-10149 582314 5245953 0 0 < 2 28 123 54
760256 A18-10149 582049 5245582 0 0 2 28 136 17
760257 A18-10149 583363 5246359 0 0 14 50 168 88
760258 A18-10149 583237 5246339 0.005 0 16 41 128 71
760259 A18-10149 583103 5246307 0 0 < 2 25 134 49
760260 A18-10149 582989 5246284 0 0 20 46 166 81
760261 A18-10149 582883 5246276 0 0 3 32 125 49
760262 A18-10149 582785 5246234 0 0 2 31 126 53
760263 A18-10149 582691 5246203 0 0 < 2 31 120 50
760264 A18-10149 582579 5246176 0 0 8 43 178 66
760265 A18-10149 582325 5246049 0 0 < 2 8 2 18
760266 A18-10149 582300 5246045 0 0 6 31 32 14
760267 A18-10149 582312 5246054 0 0 12 47 175 172
760268 A18-10149 582301 5246044 0 0 12 40 45 20
760269 A18-10149 582289 5246042 0 0 8 36 121 17
760270 A18-10149 582281 5246050 0 0 3 31 144 41
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Cu
Au Ag (g/t) Co Co (%) Cu Ni Ni (%)
As (ppm) (%)
Sample (g/t) ppm 0.2 (ppm) 1 0.002 (ppm) 1 (ppm) 1 0.005
Assay Cert Easting Northing 2 AR-ICP 0.005
ID ppb 5 AR-ICP AR-ICP FUS- AR-ICP AR-ICP FUS-
TD-ICP FUS-
FA-AA TD-ICP TD-ICP Na2O2 TD-ICP TD-ICP Na2O2
Na2O2
760271 A18-10149 582300 5246068 0 0 < 2 25 117 37
760272 A18-10149 582279 5246054 0 0 < 2 30 131 45
760273 A18-10149 582262 5246028 0 0 24 48 150 19
760274 A18-10149 582277 5246007 0 0 15 29 42 17
760275 A18-10149 582278 5245995 0 0.2 28 57 114 28
760276 A18-10149 582036 5245779 0 0 < 2 25 97 45
760277 A18-10149 582050 5245772 0 0 < 2 26 110 34
760278 A18-10149 582068 5245777 0 0 < 2 25 107 50
760279 A18-10149 582072 5245786 0 0 < 2 25 104 43
760227 A18-10449 583529 5244984 0 0.3 < 2 21 318 32
760228 A18-10449 582952 5245315 0 0 3 24 119 60
760229 A18-10449 582946 5245303 0 0 < 2 2 3 < 1
760280 A18-10449 583501 5247698 0 0 < 2 12 2920 42
760281 A18-10449 583503 5247699 0 0 < 2 30 523 77
760282 A18-10449 583689 5248332 0.005 0 183 351 0.046 405 24
760283 A18-10449 584322 5248827 0.016 0 < 2 31 91 34
760284 A18-10449 583609 5248130 0.005 0 32 30 80 38
760285 A18-10449 583647 5248353 0 0 36 22 265 17
760286 A18-10449 583649 5248353 0.007 0 833 433 0.053 190 119
760287 A18-10449 583667 5248357 0.08 1 > 10000 9770 1.12 992 1560
760288 A18-10449 583713 5248432 0 0 33 42 187 106
760289 A18-10449 583713 5248432 0 0 52 45 139 83
760290 A18-10449 583713 5248432 0 0 11 31 5 33
760291 A18-10449 583714 5248414 0.006 0 1900 902 0.122 110 240
760292 A18-10449 583728 5248452 0 0 30 37 242 96
760293 A18-10449 583728 5248452 0 0.3 38 50 1500 146
760294 A18-10449 583505 5247380 0.005 0 2 25 123 56
760295 A18-10449 583503 5247393 0.012 0 2 26 2200 81
760296 A18-10449 583507 5247390 0 0 < 2 26 838 112
760297 A18-10449 583494 5247353 0 0 2 27 562 70
760298 A18-10449 583481 5247124 0 0 45 21 120 23
760299 A18-10449 583437 5246697 0.007 0 < 2 12 118 20
760300 A18-10449 583529 5246321 0.01 0 23 66 423 77
760226 A18-10449 583684 5248355 0.011 0.5 3200 1660 0.167 390 282
760230 A18-10867 580498 5244335 0.008 < 0.2 4 23 121 34
760231 A18-10867 580500 5244328 0.007 < 0.2 < 2 23 112 34
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Cu
Au Ag (g/t) Co Co (%) Cu Ni Ni (%)
As (ppm) (%)
Sample (g/t) ppm 0.2 (ppm) 1 0.002 (ppm) 1 (ppm) 1 0.005
Assay Cert Easting Northing 2 AR-ICP 0.005
ID ppb 5 AR-ICP AR-ICP FUS- AR-ICP AR-ICP FUS-
TD-ICP FUS-
FA-AA TD-ICP TD-ICP Na2O2 TD-ICP TD-ICP Na2O2
Na2O2
760232 A18-10867 580486 5244330 0.005 < 0.2 < 2 23 90 39
760233 A18-10867 580563 5244484 0.005 < 0.2 < 2 21 1150 78
760234 A18-10867 580563 5244484 0 < 0.2 < 2 26 245 69
760235 A18-10867 580563 5244484 0.006 < 0.2 < 2 25 68 74
760236 A18-10867 583741 5248127 0 < 0.2 < 2 4 3 11
760237 A18-10867 583727 5248090 0 < 0.2 < 2 4 1 15
760238 A18-10867 583685 5248101 0.005 < 0.2 < 2 3 22 18
760239 A18-10867 583627 5248125 0.007 < 0.2 < 2 12 79 23
760240 A18-10867 583611 5248137 0.006 < 0.2 6 24 32 17
760241 A18-10867 583593 5248141 0.005 < 0.2 44 34 118 45
760242 A18-10867 583551 5248096 0.006 < 0.2 < 2 12 731 59
760243 A18-10867 583584 5248077 0.006 < 0.2 < 2 26 137 38
760244 A18-10867 583612 5248069 0.009 < 0.2 60 115 158 56
760245 A18-10867 583629 5248050 0 < 0.2 < 2 2 143 9
760246 A18-10867 583676 5248045 0 < 0.2 < 2 5 < 1 16
760247 A18-10867 583641 5247987 0 < 0.2 < 2 3 2 14
760248 A18-10867 583580 5248015 0.006 < 0.2 6 25 134 34
760249 A18-10867 583558 5248030 0.006 < 0.2 7 28 128 35
760250 A18-10867 583534 5248039 0.008 < 0.2 8 45 148 62
760351 A18-10867 580598 5244272 0.006 < 0.2 < 2 24 118 49
760352 A18-10867 580599 5244274 0.005 < 0.2 21 30 66 50
760353 A18-10867 580586 5244272 0.006 < 0.2 21 37 89 51
760354 A18-10867 580477 5244349 0 < 0.2 6 29 21 62
760355 A18-10867 580485 5244362 0 < 0.2 2 19 43 43
760356 A18-10867 580498 5244362 0.006 < 0.2 3 26 125 49
760357 A18-10867 583768 5248553 0 < 0.2 < 2 3 13 8
760358 A18-10867 583855 5248540 0 < 0.2 < 2 1 6 6
760359 A18-10867 583888 5248530 0 < 0.2 < 2 2 17 8
760360 A18-10867 583934 5248540 0.006 < 0.2 < 2 1 5 6
760361 A18-10867 583825 5248547 0.005 < 0.2 < 2 4 4 17
760362 A18-10867 583723 5248478 0.007 0.3 29 31 892 108
760363 A18-10867 583807 5248471 0 < 0.2 < 2 < 1 6 5
760364 A18-10867 583842 5248471 0.005 < 0.2 < 2 5 6 11
760365 A18-10867 583875 5248455 0 < 0.2 2 2 5 7
760366 A18-10867 583911 5248457 0 < 0.2 < 2 2 6 8
760367 A18-10867 583712 5248431 0 0.3 108 79 164 78
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Cu
Au Ag (g/t) Co Co (%) Cu Ni Ni (%)
As (ppm) (%)
Sample (g/t) ppm 0.2 (ppm) 1 0.002 (ppm) 1 (ppm) 1 0.005
Assay Cert Easting Northing 2 AR-ICP 0.005
ID ppb 5 AR-ICP AR-ICP FUS- AR-ICP AR-ICP FUS-
TD-ICP FUS-
FA-AA TD-ICP TD-ICP Na2O2 TD-ICP TD-ICP Na2O2
Na2O2
760368 A18-10867 583716 5248431 0.306 0.4 3980 1740 6000 771
760369 A18-10867 583733 5248426 0 < 0.2 7 6 54 10
760370 A18-10867 583763 5248417 0 < 0.2 8 3 501 6
760371 A18-10867 583839 5248394 0 < 0.2 < 2 3 11 8
760372 A18-10867 583691 5248379 0 < 0.2 14 37 184 58
760373 A18-10867 583712 5248380 0 < 0.2 < 2 2 78 6
760374 A18-10867 583736 5248378 0 < 0.2 < 2 4 46 12
760375 A18-10867 583771 5248372 0 < 0.2 < 2 3 208 7
760376 A18-10867 583811 5248343 0 < 0.2 < 2 2 32 7
760377 A18-10867 583666 5248345 0 < 0.2 4 24 50 54
760378 A18-10867 583681 5248338 0 < 0.2 8 13 140 39
760379 A18-10867 583708 5248328 0 < 0.2 3 6 325 11
760380 A18-10867 583746 5248322 0 < 0.2 < 2 9 7 9
760381 A18-10867 583782 5248297 0 < 0.2 < 2 10 < 1 33
760382 A18-10867 583645 5248302 0.008 0.4 67 78 10 66
760383 A18-10867 583680 5248291 0 < 0.2 4 5 275 12
760384 A18-10867 583733 5248267 0 < 0.2 < 2 1 4 8
760385 A18-10867 583777 5248245 0 < 0.2 < 2 4 1 11
760386 A18-10867 583645 5248311 0 < 0.2 6 22 119 31
760387 A18-10867 583626 5248274 0 < 0.2 15 27 132 38
760388 A18-10867 583685 5248249 0 < 0.2 < 2 3 27 9
760389 A18-10867 583711 5248240 0 < 0.2 < 2 4 155 14
760390 A18-10867 583743 5248228 0.008 < 0.2 < 2 5 102 16
760391 A18-10867 583765 5248203 0 < 0.2 < 2 4 1 12
760392 A18-10867 583731 5248178 0 < 0.2 < 2 2 < 1 8
760393 A18-10867 583697 5248189 0 < 0.2 < 2 < 1 2 6
760394 A18-10867 583682 5248202 0 < 0.2 < 2 2 3 14
760395 A18-10867 583654 5248218 0 < 0.2 < 2 3 5 15
760396 A18-10867 583618 5248230 0 < 0.2 8 26 143 41
760397 A18-10867 583614 5248189 0 < 0.2 < 2 4 6 14
760398 A18-10867 583635 5248180 0 < 0.2 < 2 3 < 1 13
760399 A18-10867 583680 5248163 0 < 0.2 < 2 11 8 16
760400 A18-10867 583703 5248148 0 < 0.2 < 2 2 1 10
760401 A18-10867 579481 5244190 0.016 3.2 89 90 5100 68
760402 A18-10867 579469 5244195 0.025 0.5 231 205 37 47
760403 A18-10867 579471 5244185 0.039 0.4 148 808 2310 107
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Cu
Au Ag (g/t) Co Co (%) Cu Ni Ni (%)
As (ppm) (%)
Sample (g/t) ppm 0.2 (ppm) 1 0.002 (ppm) 1 (ppm) 1 0.005
Assay Cert Easting Northing 2 AR-ICP 0.005
ID ppb 5 AR-ICP AR-ICP FUS- AR-ICP AR-ICP FUS-
TD-ICP FUS-
FA-AA TD-ICP TD-ICP Na2O2 TD-ICP TD-ICP Na2O2
Na2O2
760404 A18-10867B 579470 5244184 0.022 0.7 20 103 > 10000 1.07 61
760405 A18-10867 577356 5243235 0.011 0.3 41 23 3460 45
760451 A18-10867 583524 5248045 0.022 < 0.2 5 26 152 52
760452 A18-10867 583620 5247945 0.006 < 0.2 < 2 3 38 12
760453 A18-10867 583592 5247962 0.006 < 0.2 7 20 46 21
760454 A18-10867 583565 5247983 0.005 < 0.2 2 18 64 29
760455 A18-10867 583535 5247993 0.022 < 0.2 102 95 261 64
760456 A18-10867 583519 5247997 0 < 0.2 40 30 37 81
760457 A18-10867 583498 5247966 0 < 0.2 < 2 13 4 42
760458 A18-10867 583526 5247944 0 < 0.2 7 33 42 55
760459 A18-10867 583560 5247928 0.006 < 0.2 < 2 22 143 39
760460 A18-10867 583579 5247921 0 < 0.2 < 2 5 4 19
760461 A18-10867 583608 5247903 0 < 0.2 < 2 10 3 7
893951 A18-14760 583527 5247897 0.085 < 0.2 15 45 233 35
893952 A18-14760 583524 5247495 0 0.5 3 64 370 47
893953 A18-14760 583529 5247898 0 0.3 3 41 418 16
893954 A18-14760 583522 5247899 0.013 0.6 6 96 1210 26
893955 A18-14760 583523 5247900 0 < 0.2 < 2 43 126 53
893956 A18-14760 583523 5247900 0 < 0.2 3 59 165 59
893957 A18-14760 583525 5247900 0.01 < 0.2 4 64 185 59
893958 A18-14760 583526 5247900 0 < 0.2 3 6 9 3
893959 A18-14760 583525 5247901 0.008 0.5 5 63 578 20
893960 A18-14760 583625 5247901 0.007 0.3 3 42 238 11
894419 A18-14760 582650 5246192 0.005 0.4 134 91 1430 41
894420 A18-14760 582650 5246192 0.007 < 0.2 263 194 1250 63
894421 A18-14760 582650 5246192 0 < 0.2 21 18 98 4
894422 A18-14760 582650 5246192 0.005 1.4 47 30 908 24
894423 A18-14760 582650 5246192 0.007 < 0.2 186 203 809 123
894424 A18-14760 582650 5246192 0 < 0.2 2 9 303 15
894425 A18-14760 582650 5246192 0 0.2 5 9 130 16
894426 A18-14760 582890 5246272 0 < 0.2 7 7 1720 13
894427 A18-14760 582994 5246298 0.005 < 0.2 619 466 27 140
894428 A18-14760 582994 5246298 0 < 0.2 109 177 269 95
894429 A18-14760 582994 5246298 0.006 < 0.2 115 187 92 105
894430 A18-14760 582994 5246298 0.009 < 0.2 289 284 62 151
894431 A18-14760 582994 5246298 0.006 < 0.2 196 193 79 111
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Sample ID	Assay Cert	Easting	Northing	Au (g/t) ppb 5 FA-AA	Ag (g/t) ppm 0.2 AR-ICP TD-ICP	As (ppm) 2 AR-ICP TD-ICP	Co (ppm) 1 AR-ICP TD-ICP	Co (%) 0.002 FUS- Na2O2	Cu (ppm) 1 AR-ICP TD-ICP	Cu (%) 0.005 FUS- Na2O2	Ni (ppm) 1 AR-ICP TD-ICP	Ni (%) 0.005 FUS- Na2O2
894432	A18-14760	582994	5246298	0.006	< 0.2	240	322		118		157

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AI assistant

Edison Lithium Corp. — Regulatory Filings 2021

46781_rns_2021-07-28_ed64d25a-fa5b-423c-b041-9304494e4d3f.pdf

TECHNICAL REPORT

KITTSON-COBALT PROPERTY

Kittson and Coleman Townships Larder Lake Mining Division, Ontario, Canada

Prepared for:

Edison Cobalt Corp.

Company

LIST OF FIGURES

LIST OF TABLES

1 SUMMARY

Property Description, Location, and Access

History

Geology and Mineralization

Deposit Type

Recent Exploration

Mineral Processing and Metallurgical Testing

Mineral resource estimate

Conclusions and Recommendations

2 INTRODUCTION

Sources of Information

Site Visit

The author located and verified drill collar locations using a hand-held GPS (

Units and Abbreviations

Table 2-1 List of Abbreviations

3 Reliance on Other Experts

4 PROPERTY DESCRIPTION AND LOCATION

Mineral Tenure

Property Claim Status

Underlying Agreements

Permits and Authorization

4.5.1 Exploration Plans and Permits Required under the Mining Act

Environmental Considerations

5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE, AND PHYSIOGRAPHY

Access, Infrastructure, and Resources

Physiography, Climate and Vegetation

6 HISTORY

Property History

Historical Mineral Resource and Mineral Reserve Estimates

7 GEOLOGICAL SETTING AND MINERALIZATION

Regional Geology

Figure 7-1 Simplified Geological Map Showing The General Location of the Study Area (Black Rectangle) and the Distribution of the Huronian Supergroup: Murray fault zone (MFZ), Flack Lake fault (FLF), Sudbury Igneous Complex (SIC), and Creighton (C) and Murray (M) granites (Al-Hashim, 2016)

7.1.1 Archean basement

7.1.2 Proterozoic Huronian Supergroup

7.1.3 Proterozoic Nipissing Diabase sills

7.1.4 Regional Structural Geology

7.1.5 Silver-Cobalt Vein Mineralization in the Cobalt Embayment

7.1.6 Other types of mineralization in the Cobalt Embayment

Property Geology and Mineralization

7.2.1 Shakt-Davis Mine

7.2.2 Kittson-Cobalt Mine

7.2.3 Edison (Darby) Mine

Mineralization

8 DEPOSIT TYPES

Five-element (C ~~o N~~ i ~~As Ag B~~ i) vein descriptive Model

Gold-Bearing Polymetallic (Cu + Co + Ag + Au + Bi ± Pb ± Ni ± U) Veins

9 EXPLORATION

2017 Reconnaissance Prospecting and Geological Mapping

Figure 9-1 Location of 150 Prospecting Samples Collected on the Northern Portion of the Kittson-Cobalt Property In 2017 (geology from OGS Map P3581, 2006) (Flank, 2018)

Table 9-1 Prospecting Samples from the 2017 Reconnaissance Program Returning >0.1 wt% Co (see EDDY News Release dated October 3, 2017, posted on SEDAR)

Figure 9-2 Highlights of the 2017 Prospecting Program in the Northern Portion of the Kittson-Cobalt Property (geology from OGS Map P3581, 2006) (Flank, 2018)

2018 Prospecting Program

Table 9-2 Significant results of the 2018 Prospecting Program (see EDDY News Releases dated September 11, September 25 and October 2, 2018, posted on SEDAR)

2019 Soil Survey

10 DRILLING

2017 Winkie Drill Program

Figure 10-2 Drill Hole Collar Locations from the 2017 Drill Program Conducted By Fladgate Exploration for Power Americas (after Flank, 2018)

10.1.1 Summary of 2017 Drilling Results

KIT-17-001

KIT-17-002

KIT-17-003

KIT-17-004

KIT-17-005

KIT-17-006

KIT-17-007

2018 Winter Diamond Drill Program

Table 10-3 2018 Winter Drill Program Drill Collar Information

Figure 10-3 Plan Maps for 2018 Winter Drill Holes 1-15 near the Historical Shakt-Davis Mine Workings (from Jeffs, 2019)

10.2.1 Summary of Winter 2018 Drill Program

Edison Lithium Corp. Regulatory Filings 2021

Five-element (C o N i As Ag B i) vein descriptive Model