POLARX LIMITED - Capital/Financing Update 2014

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5 NOVEMBER 2014

Fast Facts	TSX-V/ASX: CYY	TSX-V/ASX: CYY
Share price (4 Nov 2014)		A$0.01
Shares on issue		91,012,182
Options (C$0.05) Market capitalisation		6,594,850 ~$0.91M

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH-GRADE CARIBOU DOME COPPER PROJECT

Highlights

Executed agreements providing Coventry the right to earn an 80% interest in the Caribou Dome Copper Project in Alaska
The Project hosts shallow, very high-grade sediment-hosted copper mineralisation
Exceptional results in limited drilling to date include:

Directors and Management

Michael Haynes Director, President and CEO Ian Cunningham Director, CFO and Company Secretary Robert Boaz Non-Executive Director

18.1m at 9.34% copper
18.4m at 6.25% copper
15.4m at 7.01% copper
13.1m at 7.20% copper
11.0m at 8.20% copper
10.4m at 7.94% copper

Contact Details

Australian registered office address Suite 9, 5 Centro Avenue Subiaco WA 6008 Tel: +61 8 9226 1356 Fax: +61 8 9226 2027

Email: [email protected]

Postal Address PO Box 457 West Perth WA 6872

Website: www.coventryres.com

Coventry Resources Inc. is a limited liability corporation existing under the laws of British Columbia. Australian Registered Business Number 161615783

12.8m at 5.78% copper
Significant exploration upside:
Mineralisation has been identified over >4,000 metres of strike
Previous drilling concentrated on just 250 metres of strike
Multiple drill-ready and underexplored targets
Metallurgical recoveries up to 91.7% in preliminary testwork
~1,000m of underground development
Road access directly to the deposit; only ~100km to an operating railway line
Attractive earn-in terms
To continue to minimise corporate overheads, Coventry intends de-listing from the TSX-V and continuing solely with an ASX-listing

Coventry Resources Inc (TSX-V and ASX – “CYY”; “Coventry” and “the Company”) is pleased to advise that it has entered into agreements that provide it the right to acquire 80% of the highly prospective Caribou Dome Copper Project in Alaska, USA (“the Project”), via the acquisition of unlisted Australian company Aldevco Pty Ltd (“Aldevco”).

Sediment-hosted copper mineralisation has been delineated across the 10,240 acre Project area, including nine outcropping pods of

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

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mineralisation over ~750 metres of strike. Despite this, virtually all previous drilling has focused on a 250 metre long corridor of mineralisation, where exceptional drilling results include:

18.1m at 9.34% copper
18.4m at 6.25% copper
15.4m at 7.01% copper
13.1m at 7.20% copper
11.0m at 8.20% copper
10.4m at 7.94% copper
12.8m at 5.78% copper
13.0m at 4.94% copper
9.1m at 6.97% copper
10.2m at 6.23% copper
12.2m at 5.04% copper
10.7m at 4.99% copper
10.2m at 4.96% copper
8.3m at 6.07% copper

Limited work has been undertaken at the Project since 1970.

Conceptual Exploration Target

Given the grade and thickness of mineralisation delineated to date and the abundance of additional untested and/or poorly tested targets within the Project area, the Company believes there is extremely good potential to delineate a substantial economically viable high-grade copper resource at the Project. Initially the Company will target the delineation of 5-10 million tonnes of mineralisation at 2.5-4.0% copper. Significantly, this geological style of (sedimenthosted) copper deposit around the world is known to have potential to host hundreds of millions of tonnes of mineralisation. In line with this the Company believes there is potential to discover a very large copper deposit within the Project area.

Based on the information disclosed, the Company considers that there is a reasonable basis for the stated exploration target. Further drilling programs will be required to delineate this target, including additional drilling to confirm historic drilling results as well as further exploration at some of the targets already delineated at the Project.

It is noted that the potential quantity and grade of these targets are conceptual in nature and there has been insufficient exploration completed to define a mineral resource (in accordance with Canadian National Instrument 43101 and the 2012 JORC Code) and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

The Caribou Dome Copper Project

Location and Access

The Caribou Dome Copper Project comprises 97 mineral claims covering 10,240 acres. The Project is located approximately 250km northeast of Anchorage in the Clearwater Mountains of Alaska, USA (see Figure 1). The Project is readily accessible by road. The Denali Highway passes within 20 kilometres of the Project and from there a purpose built road provides direct access to the underground workings at the Project.

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AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

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Figure 1. Location of the Caribou Dome Copper Project in Alaska, USA.

Significantly the fully operational Anchorage-Fairbanks railway line is located approximately 100 kilometres west of the Project. In the event copper concentrate is produced at the Project, it could be readily transported by road to the railway for shipment from the ports of Anchorage, Seaward or Port Mackenzie.

History

Copper mineralisation was first discovered at the Caribou Dome Copper Project in 1963. The vast majority of exploration was undertaken at the Project between 1963 and 1970. Nine lenses of outcropping mineralisation were delineated over approximately 750 metres of strike. Despite this virtually all work was focused on three of these lenses (Lenses 4, 5 and 6; see Figure 2), with a view to developing a small high-grade underground mine. Approximately 1,000 metres of underground workings were installed on two levels (an adit and a decline). 6,024 metres of diamond drilling (43 diamond core holes drilled from surface and 48 diamond core holes drilled from underground) was completed together with 3,282 metres of underground percussion drilling.

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AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

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Figure 2. Location of the nine lenses of mineralisation delineated at surface at the Caribou Dome Copper Project to date, together with surface traces of diamond drill holes and underground development.

Exceptional results were returned from drilling at the Project, including:

18.1m at 9.34% copper from 22.7m (DH9)
18.4m at 6.25% copper from 31.4m (DH39)
15.4m at 7.01% copper (DH93U)
13.1m at 7.20% copper from 15.8m (DH40)
11.0m at 8.20% copper from 29.0m (DH41)
10.4m at 7.94% copper from 14.0m (DH37)
12.8m at 5.78% copper (DH51U)
13.0m at 4.94% copper (DH91U)
9.1m at 6.97% copper from 28.7m (DH43)
10.2m at 6.23% copper from 46.6m (DH32)
12.2m at 5.04% copper from27.1m (DH32)
10.7m at 4.99% copper from 18.0m (DH15)
10.2m at 4.96% copper (DH70U)
8.3m at 6.07% copper from 77.7m (DH44)

All significant interceptions in previous drilling are summarised in Appendix 1.

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

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The cross-section in Figure 3 (through Lenses 4 and 6) and the long-section in Figure 4 (through Lenses 5 and 6) illustrate that mineralisation is predominantly comprised of sub-vertical lenses of good thickness.

Drilling is yet to constrain the extents of mineralisation at any of the known lenses.

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Figure 3. Cross section through mineralised lenses 4 and 6 at the Caribou Dome Copper Project, including select drilling results.

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AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

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Figure 4. Longitudinal section through mineralised lenses 5 and 6 at the Caribou Dome Copper Project, including select drilling results.

The only significant work undertaken at the Project since 1970 comprised (i) drilling three diamond core holes from surface in 1977 (for a total of only 120 metres); (ii) drilling another three surface diamond core holes in 1999 (this time

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

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for a total of 744 metres); (iii) collection of a 225kg bulk sample for metallurgical testwork in 2008; (iv) drilling two diamond core holes from surface in 2009 (621 metres); and (v) drilling nine shallow diamond core holes in 2011 to begin evaluation of Lenses 7 and 9, for a total of 794 metres. Copper sulphide mineralisation was intersected in six of these nine holes, with results including 4.9 metres at 3.36% copper.

Geology

Copper mineralisation at the Caribou Dome Project is predominantly stratiform. Historically nine outcropping lenses of high-grade pyrite-chalcopyrite mineralisation were delineated over approximately 750 metres of strike. These are predominantly located in argillites at an interface with a sequence of volcanic rocks (see Figure 5). Interbedded limestones appear to have had an important control on the location of mineralisation.

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Figure 5. Geology around the nine known lenses of mineralisation at the Caribou Dome Copper Project, together with surface traces of underground development.

Regionally the prospective contact between volcanic and sedimentary rocks has been mapped to extend over at least 4,000 metres within the Project area (see Figure 6). Recent mapping (completed during September and October 2014) has highlighted that there is considerable copper mineralisation along this contact throughout the Project area. This is a very encouraging sign, as the known mineralisation could comprise part of a substantially larger mineralised system.

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AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

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Figure 6. Regional geology at the Caribou Dome Copper Project, showing the argillite sequence that hosts the known mineralisation extends for more than 4,000 metres within the Project area.

Metallurgy

During 2008 a 225kg bulk sample was collected from the Project for metallurgical testwork and sent to G&T Metallurgical Services in Kamloops, Canada. The grade of this sample averaged 6.7% copper. Using flotation and Galvanox[TM] leaching, recoveries of 91.7% of the copper were achieved. These results were deemed “encouraging for the project”. Further testwork was recommended.

Exploration Targets

Despite previous explorers discovering nine lenses of high-grade mineralisation over approximately 750 metres of strike, virtually all previous drilling focused on just three of these lenses (Lenses 4, 5 and 6; see Figure 2). Drilling is yet to close off the mineralisation at any of the known lenses. As such all nine of these lenses provide immediate drill targets.

Of particular immediate interest is the shallow along strike (to the west) extension of Lense 5. Previous shallow drill holes DH15 and DH43 intersected 10.7 metres at 4.99% copper from 18 metres and 9.1 metres at 6.97% copper from 28.6 metres respectively (see Figure 4). Despite these extremely attractive grades and thicknesses no further drilling appears to have been undertaken to follow up the shallow western extensions of this mineralisation.

Another high priority target for follow-up is the depth extent of Lense 6. One of the deepest holes drilled at the Project to date, underground diamond drill hole DH 93U, intersected 15.4 metres at 7.01% copper approximately 270 metres below surface (see Figures 4 and 5). This thick, high-grade mineralisation remains open to the east and at depth, and will be targeted during further exploration.

Only very limited drilling has been undertaken to date at Lenses 1, 2, 3, 7, 8 and 9. Numerous drill-ready targets are evident in most of these areas.

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

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During September and October 2014 a regional reconnaissance mapping and sampling program was undertaken at the Project. Copper mineralisation was encountered along the entire east-west extent of the Project area. A previously (apparently) undocumented area of extensive quartz-vein and limestone hosted base metal mineralisation was identified and sampled. Further immediate exploration targets may be evident once analytical results are returned from the 45 samples collected during this work program.

Acquisition Terms

Aldevco holds the right to acquire an 80% interest in the Caribou Dome Copper Project from Hatcher Resources Inc. (“Hatcher”) by:

i) Payment to Hatcher of US$75,000, being part reimbursement of expenses incurred by Hatcher in relation to its evaluation and exploration activities on the Project during 2014;
ii) Maintaining the claims (licenses) at the Project in good standing, including making annual claim rental payments and ensuring minimum expenditure commitments are met;
iii) Expending a minimum of US$100,000 on the Project for each of the 12 month periods ending 1 September 2015, 2016 and 2017;
iv) Expending a minimum of US$2,000,000 (inclusive of payments in (iii) above) in each of the periods (i) 2 September 2014 to 1 September 2017; (ii) 2 September 2017 to 1 September 2020; and (iii) 2 September 2020 to 6 June 2023 (unless the Earn-in deadline of 6 June 2023 is extended)
v) Expending a total of US$9,000,000 on the Project (inclusive of the payments in (iii) and (iv) above) or completing a feasibility study on the Project by 6 June 2023 (unless the Earn-in deadline of 6 June 2023 is extended)
vi) Making annual payments to the underlying vendors of the Project, who are not related parties of Hatcher or Aldevco, in the amounts of:

Due Date	Payment
6 June 2015	US$20,000
6 June 2016	US$30,000
6 June 2017	US$50,000
6 June 2018	US$100,000
6 June 2019	US$100,000
6 June 2020	US$100,000
6 June 2021	US$100,000
6 June 2022	US$100,000
Earn-in deadline(currently6 June 2023)	US$1,360,000

Subject to Aldevco exercising its right to acquire an 80% interest in the Project, Hatcher will retain a 10% interest in the Project with the remaining 10% held by SV Metals LP. The current owner of the Project, C-D Development Corporation, would retain a 5.0% Net Smelter Returns royalty, with Coventry retaining the right to purchase this royalty for US$1million for each 1.0%.

Coventry has entered into agreements with all Aldevco shareholders to acquire 100% of the shares on issue in Aldevco in consideration for the issue of 60 Million Coventry shares (“the Transaction”), subject to Coventry obtaining all necessary regulatory and shareholder approvals in connection with the Transaction. Related parties of two of Coventry’s directors, Michael Haynes and Ian Cunningham, are shareholders of both Aldevco and Hatcher, so the requisite shareholder and regulatory approvals will include applicable related-party approvals under ASX Listing Rule 10.1 and Canadian Multilateral Instrument 61-101. In addition, the Company is in discussions with ASX to determine

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

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the applicability of Chapter 11 of the Listing Rules and will advise shareholders in due course on the outcome of those discussions.

Coventry’s capital structure following completion of the Transaction would comprise:

Coventry Shares	Number
Currently on issue	91,012,182
Shares to be issued to acquire 100% of Aldevco*	60,000,000
On issue following the Transaction	151,012,182

*Note: In accordance with ASX Listing Rules 40,930,233 shares will be subject to 12 month escrow.

Coventry intends preparing all documents required to obtain requisite approvals for the Transaction in the next 6-8 weeks. It has received regulatory approval to defer its Annual General Meeting (“AGM”), to allow sufficient time for the requisite Transaction documentation to be prepared and made available to shareholders, such that shareholders can vote on the Transaction at the AGM, which is now expected to be held in January 2015.

In order to ensure work continues at the Project in an orderly manner, Coventry has entered into a separate loan agreement with Aldevco pursuant to which Coventry has agreed to provide Aldevco a loan facility of up to $100,000, on commercial terms. In the event the Transaction is not completed by 31 March 2015 any loans, including accrued interest calculated on outstanding amounts at 10% per annum, will be repayable in full to Coventry.

Voluntary de-listing from the TSX-V

The Company also advises that it has applied to delist from the TSX Venture Exchange (TSX-V), subject to TSX-V approval. In the event that it is required by the TSX-V, minority shareholder approval will be sought for the delisting. The decision to apply for delisting from the TSXV has been driven by the following factors:

the Company’s executive management team being based in Australia, and the majority of shareholders either registered on the Australian share register and/or residing in Australia;
the need to reduce the administrative burden and costs associated with a dual listing; and
the ASX being a more appropriate listing given the Company’s current capital structure, size and stage of development.

The Company will keep shareholders informed on the status of the delisting application.

ABOUT COVENTRY RESOURCES INC.

Coventry Resources Inc. is advancing exploration at the Uncle Sam Gold Project in the United States while it simultaneously seeks additional growth opportunities. The Company is led by a strong management team with the proven ability to explore, develop, finance and operate mining and exploration projects.

For further information about Coventry Resources Inc., please contact:

Michael Haynes President and CEO +61 8 9226 1356 [email protected]	Ian Cunningham Executive Director, CFO and Company Secretary +61 8 9226 1356 [email protected]

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Qualified and Competent Person

The information in this announcement that relates to exploration results for the Project has been approved by Kevin Anthony Joyce, who is a consultant to the Company. Mr Joyce has reviewed the exploration results disclosed in this release, but has not verified the information due to the programs having been undertaken by the previous owners of the Project.

Mr Joyce is a Member of the Australian Institute of Geoscientists. Mr Joyce has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results (JORC Code). Mr Joyce is also a Qualified Person as defined by Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr Joyce consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.

Forward Looking Statements

This news release may contain "forward-looking statements" and/or "forward-looking information" within the meaning of applicable securities regulations in Canada and the United States (collectively, forward-looking information"). Any forward-looking information contained in this news release is made as of the date of this news release. Except as required under applicable securities legislation, Coventry Resources Inc. (“Coventry”) does not intend, and does not assume any obligation, to update this forward-looking information. Forward-looking information includes, but is not limited to, statements with respect to resource project identification and evaluation and expected outcomes. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects, "is expected", "budget", "scheduled", "estimates", “forecasts", "intends", "anticipates", or "believes", or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will" be taken, occur or be achieved.

Any forward-looking information contained in this news release is based on certain assumptions that Coventry believes are reasonable, including, that the current price of and demand for mineral commodities will be sustained or will improve, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed on reasonable terms, that supplies, equipment, personnel, permits and local community approval required to conduct Coventry’s planned exploration and development activities will be available on reasonable terms and that Coventry will not experience any material accident, labour dispute, or failure of equipment.

However, forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Coventry to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, risks and uncertainties relating to the actual results of exploration activities being different than anticipated, cost of labour increasing more than expected, cost of equipment or materials increasing more than expected, fluctuations in the commodity prices, currency fluctuations, risk of accidents, labour disputes and other risks generally associated with mineral exploration and unanticipated delays in obtaining or failing to obtain governmental or community approvals or financing. Although Coventry has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forwardlooking information, there may be other factors that cause actions, events or results to not be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.

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AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

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APPENDIX 1 –

SIGNIFICANT INTERSECTIONS IN PREVIOUS DRILLING AT THE CARIBOU DOME COPPER PROJECT

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AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

Name	Year	Easting	Northing	Elevation	Azimuth	Inclination	Total Depth (m)	From (m)	Significant To (m)	Intercepts Length (m)	% Cu
DH 01	1964	9690	9390	4668	350	-38	100.0	62.5	63.4	0.9	1.40
								69.5	71.6	2.1	1.00
DH 02	1964	9690	9390	4668	180	-45	46.0		No Significant Intercept
DH 03	1964	9800	9537	4610	325	-35	81.1	59.1	62.4	3.4	1.01
DH 04	1964	9882	9843	4618	22	-38	19.2		No Significant Intercept
DH 05	1964	9882	9843	4618	345	-45	67.4	53.3	55.5	2.1	0.60
DH 06	1964	9882	9843	4618	285	-40	85.0	35.1	35.7	0.6	11.75
								53.6	55.2	1.5	0.80
DH 07	1964	9978	9895	4605	350	-38	65.8	30.2	31.7	1.5	3.05
								34.1	39.3	5.2	2.06
DH 08	1965	9635	9223	4706	324	-35	59.4		No Significant Intercept
DH 09	1965	9418	9363	4813	328	-35	57.3	22.7	40.8	18.1	9.34
DH 10	1965	9580	9452	4727	334	-35	103.6		No Significant Intercept
DH 11	1965	9476	9462	4801	329	-40	99.1	53.9	56.4	2.4	0.45
DH 12	1965	9479	9286	4774	328	-35	84.7		No Significant Intercept
DH 13	1965	9461	9495	4796	238	-20	48.8	29.3	31.1	1.8	2.00
								32.6	40.1	7.5	7.28
DH 14	1965	9461	9495	4795	238	-45	69.5		No Significant Intercept
DH 15	1965	9191	9136	4833	327	-30	44.2	18.0	28.7	10.7	5.00
DH 16	1965	9136	9110	4835	327	-30	36.6	18.0	19.2	1.2	0.40
DH 17	1965	9089	9074	4838	327	-30	31.7		No Significant Intercept
DH 18	1965	9244	9053	4778	327	-20	61.0	50.9	55.8	4.9	5.89
DH 19	1965	9978	9894	4632	14	-35	61.0	32.6	34.4	1.9	7.70
								36.7	40.2	0.8	3.44
DH 20	1965	9978	9894	4632	104	-20	53.3	46.2	47.2	1.1	8.03
DH 21	1965	9795	9475	4630	295	-15	46.3	6.1	24.4	18.3	2.80
DH 22	1966	9691	9390	4668	25	-40	61.6	39.3	43.0	3.7	2.34
								46.3	47.1	0.8	4.75
DH 23	1966	9644	9476	4695	25	-45	46.9	33.5	36.3	2.7	1.65
DH 24	1966	9644	9476	4695	334	-30	48.8		No Significant Intercept
DH 25	1966	9411	9359	4813	290	-35	77.4	32.0	33.5	1.5	1.12
								52.3	53.9	1.7	9.48
DH 26	1966	9411	9359	4813	260	-20	44.2		No Significant Intercept
DH 27	1966	9245	9160	4831	327	-30	50.0		No Significant Intercept
DH 28	1966	9303	9054	4764	358	-20	21.9		No Significant Intercept
DH 29	1966	9409	9081	4740	336	-25	51.2	33.8	37.8	4.0	8.80
DH 30	1966	9409	9081	4740	316	-20	30.2	20.1	25.1	5.0	8.84
DH 31	1966	9602	9168	4716	286	-20	54.9		No Significant Intercept
DH 32	1966	9602	9168	4716	310	-25	69.5	27.1	39.3	12.2	5.05
								46.6	56.8	10.2	6.23
DH 33	1966	10157	9970	4763	316	-35	79.6	39.3	39.9	0.6	5.56
								61.2	61.9	0.7	2.49

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AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

DH 34	1966	10157	9970	4763	5	-45	42.1	21.6	24.1	2.5	6.44
DH 35	1966	10169	9960	4763	94	-35	53.0		No Significant Intercept
DH 36	1966	10169	9960	4763	119	-45	34.4	32.9	33.5	0.6	10.12
DH 37	1966	9592	9333	4724	219	-45	56.4	14.0	24.4	10.4	7.94
								34.4	40.2	5.9	2.91
DH 38	1966	9300	9230	4841	221	-45	54.9	27.7	29.4	1.7	5.76
DH 39	1967	9295	9105	4794	9	-45	51.8	31.4	49.8	18.4	6.25
DH 40	1967	9427	9254	4789	130	-55	30.5	15.8	29.0	13.1	7.20
DH 41	1967	9426	9254	4789	130	-75	42.7	24.6	25.8	1.2	4.30
								29.0	39.9	11.0	8.20
DH 42	1967	9448	9310	4790	310	-35	109.7		No Significant Intercept
DH 43	1967	9160	9127	4837	327	-40	37.8	28.7	37.8	9.1	6.97
DH 44	1967	9345	9315	4844	130	-70	94.8	77.7	86.0	8.3	6.07
								90.2	93.8	3.6	4.74
DH 45U	1969	9338	9393	4630	116	-65	122.8	86.9	102.1	15.2	3.23
								105.2	108.8	3.6	1.48
DH 46U	1969	9337	9392	4630	154	-65	110.0	77.7	79.2	1.5	14.08
DH 47U	1969	9333	9391	4630	184	-65	88.7	71.9	81.1	9.1	3.01
DH 48U	1969	9330	9394	4630	211	-65	119.2		No Significant Intercept
DH 49	1969	9815	9630	4635	223	-45	94.8	87.5	92.4	4.9	2.45
DH 50	1969	9816	9630	4635	244	-45	100.9		No Significant Intercept
DH 51U	1969	9230	9530	4630	131	-67	174.7	141.1	153.9	12.8	5.78
DH 52U	1969	9232	9525	4638	158	-65	167.0	37.5	134.4	7.5	5.32
DH 53U	1969	9231	9527	4638	189	-65	164.9	49.7	50.3	0.6	7.39
								152.9	154.2	1.4	3.67
DH 54U	1970	9335	9390	4631	165	-30	59.7		No Significant Intercept
DH 55U	1970	9110	9303	4632	112	-45	53.0		No Significant Intercept
DH 56U	1970	9107	9302	4632	156	-45	60.4		No Significant Intercept
DH 57U	1970	9109	9301	4632	138	-45	60.0	37.6	39.1	1.5	1.37
DH 58U	1970	9101	9303	4632	191	-45	61.6	31.1	33.2	2.1	4.43
								43.3	44.5	1.2	8.40
DH 59U	1970	9099	9303	4630	212	-60	69.8	49.8	56.1	6.3	2.04
DH 60U	1970	9102	9303	4630	175	-60	85.3		No Significant Intercept
DH 61U	1970	9097	9303	4632	217	-37	24.8		No Significant Intercept
DH 62U	1970	9472	9412	4440	158	-55	48.8		No Significant Intercept
DH 63U	1970	9472	9412	4440	171	-30	45.7	25.6	26.8	1.2	2.35
								32.0	32.5	0.5	3.50
DH 64U	1970	9472	9421	4440	313	-5	50.0		No Significant Intercept
DH 65U	1970	9223	9580	4368	158	-50	7.6		No Significant Intercept
DH 66U	1970	9594	9444	4464	142	-15	45.7	27.7	28.0	0.4	6.20
								37.2	38.6	1.4	5.50
DH 67U	1970	9594	9444	4465	38	15	27.1		No Significant Intercept
DH 68U	1970	9594	9444	4465	36	8	25.6		No Significant Intercept
DH 69U	1970	9235	9580	4368	155	-50	106.1	90.5	94.2	3.7	5.23
DH 70U	1970	9275	9424	4378	164	-15	51.8	34.1	44.3	10.2	4.96
											14

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AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

DH 71U	1970	9275	9424	4378	164	-40	50.3	39.6	43.9	4.3	6.80
DH 72U	1970	9275	9424	4376	140	-40	52.1		No Significant Intercept
DH 73U	1970	9262	9422	4376	182	-30	50.6	45.4	46.6	1.2	13.00
DH 74U	1970	9262	9422	4376	205	-30	51.8		No Significant Intercept
DH 75U	1970	9260	9440	4376	300	-35	26.2		No Significant Intercept
DH 76U	1970	9373	9427	4365	130	-25	46.3	38.4	39.3	0.9	7.10
								42.7	45.7	3.0	2.41
DH 77U	1970	9373	9427	4364	130	-50	52.1	46.6	49.6	3.0	2.23
DH 78U	1970	9393	9427	4365	160	-25	45.7	37.2	39.0	1.8	7.80
DH 79U	1970	9373	9427	4364	160	-50	53.3	42.1	42.4	0.3	5.80
								45.3	46.7	1.4	2.95
DH 80U	1970	9370	9427	4365	182	-20	50.6	40.8	44.8	4.0	4.71
DH 81U	1970	9235	9580	4368	175	-50	115.2	86.4	88.5	2.0	3.06
DH 82U	1970	9232	9580	4368	210	-58	54.3		No Significant Intercept
DH 83U	1970	9232	9580	4368	187	-72	8.5		No Significant Intercept
DH 84U	1970	9232	9580	4368	202	-62	7.6		No Significant Intercept
DH 85U	1970	9240	9580	4372	129	5	38.1		No Significant Intercept
DH 86U	1970	9240	9580	4373	215	0	33.8		No Significant Intercept
DH 87U	1970	9007	9293	4378	226	0	45.7	16.5	22.9	6.4	4.33
DH 88U	1970	9007	9293	4377	315	30	30.2	19.1	22.8	3.7	3.73
DH 89U	1970	9262	9445	4379	215	-30	17.7	7.5	7.8	0.3	4.30
DH 90U	1970	9262	9445	4381	348	33	30.5	8.1	11.7	3.7	8.77
DH 91U	1970	9263	9446	4351	186	-70	25.9	7.5	20.4	13.0	4.94
DH 92U	1970	9234	9578	4365	148	-70	163.7	85.3	85.9	0.5	1.95
								153.3	153.7	0.4	2.90
								161.1	161.7	0.6	3.80
DH 93U	1970	9235	9578	4368	214	-60	176.8	145.2	160.6	15.4	7.01
								165.2	165.8	0.6	4.60
DH 94U	1970	9233	9578	4368	209	53	199.3	18.0	19.2	1.2	9.80
								27.1	30.5	3.4	1.73
								185.6	187.5	1.8	1.76
								191.3	191.9	0.6	1.20
DH 95U	1970	9177	9408	4365	265	-60	65.2	52.6	54.4	1.8	10.00
								57.6	59.7	2.1	1.18
DH1-77	1977	9695	9595	4675			46.6	22.9	24.4	1.5	0.61
								34.1	35.7	1.5	0.56
DH2-77	1977	9692	9613	4675			39.3	21.2	22.9	1.7	0.48
DH3-77	1977	9692	9613	4675			34.3	No	information	available to date
DH99-100	1999	8824	8616	4721	18	-45	94.5	No	information	available to date
DH99-101	1999	9453	8841	4721	341	-55	353.6	306.6	307.6	1.0	0.99
								322.8	324.3	1.5	5.93
DH99-102	1999	9041	8737	4745	339	-48	296.3	84.1	85.6	1.5	1.85
								88.4	88.8	0.5	1.82
								94.2	94.5	0.3	6.28
DH103	2009	9415	8855	4640	129	30	370.9		No Significant Intercept
DH104	2009	9236	8945	4750			250.1	103.3	105.5	2.1	1.87

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AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

			204.8	205.4	0.6	0.88
CD-11-01	2011	Collar details yet to be determined	40.2	40.8	0.5	16.45
CD-11-02	2011	Collar details yet to be determined	11.5	12.2	0.6	8.48
			45.6	46.3	0.5	3.83
CD-11-03	2011	Collar details yet to be determined	29.8	30.9	1.1	12.45
CD-11-04	2011	Collar details yet to be determined	34.4	36.6	2.2	2.17
			40.2	41.1	0.9	3.13
CD-11-05	2011	Collar details yet to be determined	50.8	52.3	1.4	0.96
			53.8	55.3	1.5	3.19
CD-11-06	2011	Collar details yet to be determined	32.0	36.9	4.9	3.36
			40.6	40.9	0.6	3.31
CD-11-07	2011	Collar details yet to be determined		No Significant Intercept
CD-11-08	2011	Collar details yet to be determined		No Significant Intercept
CD-11-09	2011	Collar details yet to be determined		No Significant Intercept

==> picture [277 x 39] intentionally omitted <==

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

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APPENDIX 2 –

JORC CODE 2012 EDITION, TABLE 1 REPORT

JORC Code, 2012 Edition – Table 1 Section 1: Sampling Techniques and Data

(Criteria in this section applies to all succeeding sections)

Criteria	JORC Code Explanation	Commentary
Sampling Techniques	 Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.  Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.  Aspects of the determination of mineralisation that are Material to the Public Report.  In cases where ‘industry standard’ work has been done, this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information	 Multiple soil, rock chip, stream sediment, trenching, geophysical and drilling programs have been completed at the Project since 1963. All programs employed different methodologies from program to program. Previous work programs appear to have been undertaken in accordance with industry standard practices at the time they were implemented.  The majority of drilling was completed between 1964 and 1970. Samples were routinely collected from diamond drill core and assayed over varying lengths.  Information relating to sample preparation and analysis techniques has not been documented.
Drilling Techniques	 Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc.).	 Approximately 8,362 metres of diamond drilling and 3,283 metres of underground percussion drilling has been completed at the Project to date.  Diamond drilling has been from both surface and underground, in multiple programs since 1963. Accordingly various drilling contractors completed the drilling, using a variety of drill rigs, recovering a variety of core sizes.  Open hole percussion drilling was undertaken from underground openings. The drilling technique was employed primarily to define geological contacts. Sampling was undertaken on material collected from the percussion holes, however assay results are considered to be unreliable and have therefore not been reported in this announcement.
Drill Sample Recovery	 Method of recording and assessing core and chip sample recoveries and results assessed.  Measures taken to maximise sample recovery and ensure representative nature of the samples.  Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material	 Drill hole logs for diamond drill holes generally include statistics on core recoveries. In many cases core recovery has been poor, including, at times, within the mineralized intervals.  At this time it is not possible to ascertain whether sample recovery may influence grade. New drilling within previously identified mineralized zones would be required to determine this.

Criteria	JORC Code Explanation	Commentary
Logging	 Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.  Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.  The total length and percentage of the relevant intersections logged	 Geological logs were recorded for the entire length of all diamond drill holes.  It is anticipated that additional drilling in the known mineralised areas will be necessary in order to confirm the geological model and collect appropriate geotechnical data prior to defining any Mineral Resource.
Sub-Sampling techniques and sample preparation	 If core, whether cut or sawn and whether quarter, half or all core taken.  If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.  For all sample types, the nature, quality and appropriateness of the sample preparation technique.  Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.  Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.  Whether sample sizes are appropriate to the grain size of the material being sampled.	 Historical diamond drill core was typically sampled by splitting the drill core in half along its long axis.  Details of laboratory sample preparation techniques have not been documented by previous workers.  Details of previous quality control measures have not been documented by previous workers.  Routine resampling and/or duplicate sample analysis was not undertaken for the historical drilling.  Sample sizes are considered appropriate for the grain size and nature of material sampled.
Quality of assay data and laboratory tests	 The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.  For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.  Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established	 Details of previous assaying of samples of diamond drill core, which dates back to 1964, are largely unknown at this time.  There is no documentation available to determine the nature of any quality control measures adopted for sampling and analysis of the reported drill holes.
Verification of sampling and assaying	 The verification of significant intersections by either independent or alternative company personnel.  The use of twinned holes.  Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.  Discuss any adjustment to assay data	 Drill hole data was compiled from historical paper records, digitally captured, and subsequently verified and validated by the Company.  Twin holes were not utilized to verify results directly, however multiple companies have undertaken drilling programs at the Project previously. Such programs have included infill drilling programs, whereby new holes have been drilled between previous holes that had successfully intersected mineralisation. Hence the presence and extents of mineralisation (to some extent) has been confirmed.  There were no adjustments to assay data.

Criteria	JORC Code Explanation	Commentary
Location of data points	 Accuracy and quality of surveys used to locate drillholes (collar and down- hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.  Specification of the grid system used.  Quality and adequacy of topographic control.	 Extensive surveying has been undertaken using a total station survey technique for topographic and local grid control.  Drill hole collars are pegged to a local grid. Transformations are available to convert local grid data to UTM grid.  Drill hole azimuth and inclination was generally recorded at the collar only. Records are incomplete for down-hole surveys.  Locational accuracy at collar and down the drill hole is considered adequate for this stage of exploration.
Data Spacing and distribution	 Data spacing for reporting of Exploration Results.  Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.  Whether sample compositing has been applied.	 Data spacing is variable. Maps, plans, and appropriate sectional views have been provided in the text to illustrate relative data spacing for reported results.  While considerable data have been acquired on the Project previously, additional work, including additional drilling, will be required before a Mineral Resource can be declared.  No sample compositing has been documented.
Orientation of data in relation to geological structure	 Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.  If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	 Previous sampling programs appear to have been appropriate, however further evaluation would be required to determine if any sample biases exist.  The orientation of drill holes relative to key geological structures does not appear to have introduced a sampling bias.
Sample Security	 The measures taken to ensure sample security	 Sample security measures have not been documented for any of the historical drilling.
Audits or reviews	 The results of any audits or reviews of sampling techniques and data	 The Company is unaware of any sampling audits adopted previously.

Section 2: Reporting of Exploration Results

(Criteria listed in section 1 also apply to this section)

Criteria	JORC Code Explanation	Commentary
Mineral tenement and land tenure status	 Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.  The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area	 When undertaking due diligence on the Project during 2014, Hatcher engaged an Alaskan lawyer to confirm the Claims (tenements) are in good standing. This was confirmed.  During October 2014 Aldevco paid the annual renewal fees for all of the Claims, well in advance of the 1 December 2014 renewal deadline. This ensures they are all in good standing until 1 September 2015.  While the Claims are in good standing, additional permits/licences may be required to undertake specific (generally ground-disturbing) activities such as drilling and underground development.
Exploration done byotherparties	 Acknowledgment and appraisal of exploration by other parties.	 A brief history of previous exploration is included in the body of this announcement.
Geology	 Deposit type, geological setting and style of mineralisation	 A brief description of the deposit type, geological setting and style of mineralisation is included in the body of this announcement.
Drillhole Information	 A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drillholes:  easting and northing of the drillhole collar  elevation or RL (Reduced Level elevation above sea level in metres) of the drillhole collar  dip and azimuth of the hole  downhole length and interception depth  hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case	 Reported results are summarised in relevant tables within the attached announcement.  The drill holes reported in this announcement have the following parameters applied: `o` Grid co-ordinates are reported here in a local grid `o` Collar elevation is defined as height above sea level in feet `o` Dip is the inclination of the hole from the horizontal. Azimuth is reported as the direction toward which the hole is drilled relative to the local grid. `o` Down hole length of the hole is the distance from the surface to the end of the hole, as measured along the drill trace `o` Intersection depth is the distance down the hole as measured along the drill trace. `o` Intersection width is the down hole distance of an intersection as measured along the drill trace `o` Hole length is the distance from the surface to the end of the hole, as measured along the drill trace.
Data aggregation methods	 In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.  Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.  The assumptions used for any reporting of metal equivalent values should be clearly stated	 Sample intervals were geologically defined and as such downhole sample lengths are variable, however generally do not exceed 5 feet in length.  Drill intersections have been calculated using a weighted (by length) average technique.  In order to present a succinct summary of previous drilling results in this report, only significant interceptions of mineralisation with a calculated “grade-thickness” value (copper assay as a percentage multiplied by thickness of mineralized intercept in metres) of1%-metre or more have been reported.  No grade top cut off has been applied.  No aggregated intercepts are reported.  No metal equivalent reporting is used or applied.

Criteria	JORC Code Explanation	Commentary
Relationship between mineralisation widths and intercept lengths	 These relationships are particularly important in the reporting of Exploration Results.  If the geometry of the mineralisation with respect to the drillhole angle is known, its nature should be reported.  If it is not known and only the downhole lengths are reported, there should be a clear statement to this effect (e.g. ‘down hole length, truewidth notknown’).	 Thickness of mineralisation reported is down-hole thickness. There is insufficient interpretation of the mineralisation to confidently report “true widths”. It is however noted that the mineralized lenses appear to be relatively steeply dipping. As such it is probable that “true widths” won’t be as large as down-hole widths.  It is noted that previous diamond drill holes were drilled from both surface and underground, with the drilling rig oriented at a large variety of azimuths and inclinations. therefore the reported downhole widths may not represent true mineralised widths.
Diagrams	 Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drillhole collar locations and appropriate sectional views	 Summary plans and sections are included in this announcement.
Balanced reporting	 Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results	 Representative results are included in this announcement.
Other substantive exploration data	 Other exploration data, if meaningful and material, should be reported including (but not limited to) geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	 A bulk sample was collected in 2008 for metallurgical testwork. Despite this work being recent and well- documented, it was preliminary in nature and further metallurgical test work is recommended.
Further Work	 The nature and scale of planned further work (e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).  Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	 A suitable work program will be developed following more comprehensive review, compilation and interpretation of previously acquired data.

AI assistant

POLARX LIMITED Capital/Financing Update 2014

65639_rns_2014-11-04_44ac08eb-262c-47d2-8c43-86647510c0b2.pdf

5 NOVEMBER 2014

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH-GRADE CARIBOU DOME COPPER PROJECT

Highlights

Directors and Management

Contact Details

Conceptual Exploration Target

The Caribou Dome Copper Project

Location and Access

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

History

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

Geology

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

Metallurgy

Exploration Targets

Acquisition Terms

Voluntary de-listing from the TSX-V

ABOUT COVENTRY RESOURCES INC.

Qualified and Competent Person

Forward Looking Statements

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

APPENDIX 1 –

SIGNIFICANT INTERSECTIONS IN PREVIOUS DRILLING AT THE CARIBOU DOME COPPER PROJECT

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

APPENDIX 2 –

JORC CODE 2012 EDITION, TABLE 1 REPORT

JORC Code, 2012 Edition – Table 1 Section 1: Sampling Techniques and Data

AI assistant

POLARX LIMITED — Capital/Financing Update 2014

65639_rns_2014-11-04_44ac08eb-262c-47d2-8c43-86647510c0b2.pdf

5 NOVEMBER 2014

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH-GRADE CARIBOU DOME COPPER PROJECT

Highlights

Directors and Management

Contact Details

Conceptual Exploration Target

The Caribou Dome Copper Project

Location and Access

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

History

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

Geology

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

Metallurgy

Exploration Targets

Acquisition Terms

Voluntary de-listing from the TSX-V

ABOUT COVENTRY RESOURCES INC.

Qualified and Competent Person

Forward Looking Statements

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

APPENDIX 1 –

SIGNIFICANT INTERSECTIONS IN PREVIOUS DRILLING AT THE CARIBOU DOME COPPER PROJECT

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

AGREEMENT REACHED TO EARN AN 80% INTEREST IN THE HIGHLY PROSPECTIVE, VERY HIGH GRADE CARIBOU DOME COPPER PROJECT

APPENDIX 2 –

JORC CODE 2012 EDITION, TABLE 1 REPORT

JORC Code, 2012 Edition – Table 1 Section 1: Sampling Techniques and Data

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