RESOLUTION MINERALS LTD — Capital/Financing Update 2022

Feb 23, 2022

24 February 2022

POSITIVE TRENCHING RESULTS IDENTIFY POGO-STYLE DRILL TARGETS - TOURMALINE RIDGE, 64NORTH PROJECT, ALASKA

• Gold bearing quartz veins up to 4.8g/t Au identified in initial 34% of trenching results received

• The style of veins intersected at surface are narrow, curved and typically merge into wider, flatter, gold bearing veins at depth, which are extremely high-value targets a.k.a. Pogo-style

• Resolution has defined 4 high-priority drill targets supported by both trenching and historical drilling data. Historical drilling is now understood to have targeted narrow hanging wall veins, rather than the wider Pogo-style shear, which will be the target of upcoming drilling

• An 1800m x 750m anomaly of gold-in-soil and rock chips also supports the prospectivity of these targets

• These drill targets are the highest ranked on the project to date , identified from previous 2½ years of drilling, geophysics, structural analysis, geochronology and detailed 3D review

• A ground ELF-EM geophysics survey in April will tighten targets for drill pad preparation

• A 4 hole, ~2000m drilling program will aim to intersect high-grade Pogo-style gold mineralisation on the TR-Aurora-Goodpaster trend using existing RML access tracks in late Q2, 2022

Pogo-style is a type of quartz hosted gold mineralisation unique to the district. It typically has stacked sets of shallow dipping veins, each vein 5-20m thick with 15-100g/t Au . Smaller curved quartz veins (medium grade) permeating outwards (antithetic veins) can indicate proximity to a significant ore body. Tourmaline Ridge (TR) is road accessible and 4km from the world-class 11m oz Pogo Gold Mine .

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Pogo-style high-grade drill
target is the NW dipping
shear with large surface
geochem anomaly and new
4.8g/t Au trenching results
4m @ 67.5g/t Au (2017) discovery hole 17-041-G1
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Figure 1 The red zone indicates the Tourmaline Ridge – Aurora – Goodpaster (NST) NW dipping shear zone; the target for proposed drilling at TR under the 1800m x 750m gold in soil anomaly (gold oval) and positive trench results. Aurora Prospect 2020 drill collars indicated in yellow (7m thick quartz vein intersected 20AU007), RML tracks illustrated. (Hole ID 17-041-G1: NST ASX Announcement 16/9/19)

CAPITAL STRUCTURE

Ordinary Shares Issued 658 M

Options and rights Listed options 6 M @ 10c Listed options 74 M @ 12c Unlisted options 13 M @ 8c Unlisted options 59 M @ 4c Unlisted options 79 M @ 3c Unlisted rights 18 M

Performance Shares Class A 9.6 M Class B 3.6 M Last Capital Raise Sep-Oct-21 - Placement and SPP $3.4M @ 2c

BOARD Craig Farrow - Chair Duncan Chessell - MD Andrew Shearer - NED Jarek Kopias - Co Sec

Level 4, 29 King William Street Adelaide SA 5000 www.resolutionminerals.com

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ASX RELEASE
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Figure 2 Deposit sizes stated as Endowment (Resources & Reserves + Historic Production) *sourced from Company websites

Managing Director, Duncan Chessell commented:

It often takes a couple of drilling campaigns to obtain enough information to vector in on the best prospects. Now after 2 ½ years of geophysics, geochemistry, drilling, structural analysis and geochronology, the Resolution geology team have identified the highest ranked drill targets on the project to date.

We are very excited to put a potential road accessible large scale Pogo-style discovery in front of the drill bit for Resolution investors. It has been a difficult road until this point, but we have high expectations for this drill program.

We are confident that these trenching results in combination with all the other contributing factors support the potential for a large-scale Pogo-style gold mineralisation, below Tourmaline Ridge.

Consulting to Resolution has been Pogo specialist Mr *Gabe Graf who has eight (8) years’ experience in the Pogo District. Gabe initially started out as an underground geologist at Pogo Gold Mine, before shifting into the exploration team. As Exploration Manager for Sumitomo Mining, Mr Graf is credited with the 2017 Goodpaster Prospect discovery, which is now undergoing a $21M resource drill out by Northern Star. Based on publicly available data and Resolution’s target ranking systems, Mr Graf indicates the targeting criteria for the Tourmaline Ridge Prospect is right on par with the Goodpaster Prospect prior to the discovery hole of 4m @ > 2oz/t Au drilled in 2017.

• (*Gabe Graf - Senior Project Geologist, Millrock Resources RML’s project partner on the 64North Project)

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ASX RELEASE
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Figure 3 The 64North Project Claims (Feb 2022) in blue surrounding Northern Star’s Pogo Gold Mine. Key prospects Miranda, Last Chance, Elaine, Kramer, George, ER, Tourmaline Ridge and Aurora Prospects annotated with mineralisation style.

Resolution Minerals Ltd (Company or RML) is pleased to announce the first results from the Tourmaline Ridge trenching program completed in September 2021. On 24 December 2021 the Company advised the market of considerable delays to assays results due to a cyber hack of our service provider Bureau Veritas (BV), and the return to a slow paper-based processing system. We have disclosed all results available, ~34% of the samples submitted in September 2021, and have no indication from BV of a timeline for the remaining assays. Positively, our geology team has seen enough new assay results in conjunction with a detailed review and update to the 3D geological model, to upgrade the TR Prospect to a Priority One drill target and commence logistics planning for drilling this summer. We will update the market when the remaining trench results are received.

Resolution has also undertaken a detailed regional review of the 64North Project , ranking all prospects and has derived drill targets in order of priority 1 to 4. The Company intends to focus its efforts on the Priority One drill targets at the Tourmaline Ridge ( TR ) prospect which has a high probability of success and all-year-access via existing roads allowing lowest drilling costs to maximise shareholder value. If the East Pogo drill targets identified by the 2021 RC drill program, were road accessible, they would have ranked equivalent or second only to the TR targets – see project ranking table below. Results of the full project review are described below in more detail and highlight the potential of the 64North Project to host multiple gold deposits with drilling targets ranked in order of priority.

Divide Block Cu-Mo-Au Porphyry Detailed Review Results

A separate release will be made to the market shortly, with the results of a detailed technical review of the separate Divide Block with prospects Elaine, George and Kramer as indicated in Figure 3 above.

A Webinar will then be announced to discuss the entire 64North Project with shareholders.

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Next Steps

In April, our team will undertake a ten-day ELF-EM surface geophysics program to sharpen up the interpreted depths of the NW dipping shear zone – potential Pogo-style target and identify the best location for drill holes to minimise the depth of drilling to intersect the target on the Goodpaster-Aurora-Tourmaline Ridge trend.

Current interpretation warrants a ~2,000m 4-hole diamond core drill program at The Tourmaline Ridge Prospect in summer 2022. We are currently making enquiries to lock in a drilling rig. The planned program will take 6 weeks to complete, selective samples will be cut and transported to laboratories outside of Alaska for efficient turn-around times. As part of the drilling program, Resolution will make improvements to the access tracks to allow for follow up winter drilling, in anticipation of the summer season results. We will provide an update to the market of the ELF-EM program results and more detailed plans as details are locked down.

A minor regional exploration program is being planned, aiming to sharpen drill targets at East Pogo and follow up other prospects with the aim to upgrade selected prospects to drill ready status.

Pogo Mine Mineralisation Model

Pogo-style is essentially the interplay of three geological ingredients ( Figure 4 ):

• (1) hydrothermal fluid source (intrusions)

• (2) fluid conduits (high-angle faults)

• (3) dilation zones (low-angle regional shear — compression with later extension for more dilation)

This results in the formation of high-grade 5-20m thick, flat-lying, low-sulphide quartz veins (~ 3%) with a dolomitesericite alteration halo with a typical resistivity of <600 Ohm.m. A detailed description of vein types is outlined below (Larimer, 2016). To the end of 2019 the total production history of Pogo was: 3.9 million oz Au @ 13.1g/t Au.

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Low-Angle Veins (Liese 1-3, East Deep)
• These veins contain the bulk of the ore at Pogo
• 5–20 m thick
• Hosted in regional shear zone — compression with later Hosted in regional shear zone — compression with later
extension for more dilation
• Shear exploits mafic and graphitic rocks within gneiss Shear exploits mafic and graphitic rocks within gneiss
-
High Angle Veins (North Zone, X Vein)
• Previously not important sources of ore
• 1–5 m thick N–S/NE–SW oriented escape structures for 1–5 m thick N–S/NE–SW oriented escape structures for
plutonic fluids, which are thought to be feeder structures
Other characteristics of Pogo
• Free milling gold
Elevated gold/arsenic/bismuth anomaly • Low-sulphide quartz veins ~3% pyrite, arsenopyrite,
pyrrhotite, Bi-Te-S
Gold-bearing quartz veins
• Dolomite-sericite alteration halo
Serpentinite, amphibolite
• Magmatic fluid source
Graphitic schist
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• Hosted in regional shear zone — compression with later Hosted in regional shear zone — compression with later extension for more dilation

• Shear exploits mafic and graphitic rocks within gneiss Shear exploits mafic and graphitic rocks within gneiss

• 1–5 m thick N–S/NE–SW oriented escape structures for 1–5 m thick N–S/NE–SW oriented escape structures for plutonic fluids, which are thought to be feeder structures

Figure 4 Pogo-style mineralisation model (Twelker et al., 2017 adapted from Larimer, 2016)

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Tourmaline Ridge Trenching Results

Trench 1 Cross Section

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Historical holes were drilled to
intersect the hanging wall veins,
missing the higher priority NW
dipping shear.
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Figure 5 Tourmaline Ridge Prospect cross section including the first assay results on trench 21TR001. Historical holes WP12-01 and WP-1 are included, aiding interpretation of antithetic hanging wall veins relative to an interpreted northwest dipping shear, prospective for Pogo-style mineralisation. See section line reference on Figure 6 (Trench One).

The Tourmaline Ridge trenching program was completed in September 2021, however only partial results are available to present, due to extreme lab delays in northern America.

Despite the availability of only partial results, mineralisation links have been observed between the trenching results and historical drill data. Preliminary trenching assay results confirm Resolution’s 3D geological model for the surface expression at Tourmaline Ridge, representing antithetic hanging wall veins, which RML believe to sit directly above a dilation northwest dipping shear, with a high probability of hosting significant gold mineralisation.

Resolution updated the 3D geological model and the 64North target ranking summary over a 3-month period during the field off-season, which has incorporated the latest trenching results.

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Four highly significant exploration implications have led to Tourmaline Ridge being re-ranked as a Priority One drill target.

• The geochemical soil footprint (1800 x 750m) at Tourmaline Ridge occurs over a larger area than the Goodpaster pre-discovery soil anomaly.

• A major northwest dipping shear was intersected in two diamond drillholes at the Aurora Prospect, outside of the Tourmaline Ridge geochemical soil anomaly (hence the lack of grade in these holes). The shear projects to surface immediately south of Tourmaline Ridge, indicating the northwest dipping shear is present beneath Tourmaline Ridge. All available geophysics supports the presence of a shear beneath Tourmaline Ridge.

• Trenching confirmed surface mineralisation at Tourmaline Ridge relates to south dipping quartz veins, which are antithetic to the northwest dipping shear (maximum grade encountered in the first 34% of assays is 1m @ 4.8g/t). Antithetic veins are present in the hanging walls at Goodpaster and Pogo.

• Historical diamond holes at Tourmaline Ridge (WP-1, WP12-01, WP12-02) are considered a near miss, as they were drilled to intersect the smaller and steeper mineralised hanging wall veins, not realising a far greater prize was sub-parallel to the drill holes. Namely the thicker Pogo-style gold bearing quartz veins interpreted to occupy the shallow northwest dilational shear zone. The veins intersected in the historical drilling are aligned with both the structural and geochemical results from the trenching and support the proposed drill holes be drilled to the southeast to intersect the shallow northwest dipping shear zone best.

Resolution is thrilled with the outcome of the trenching results and the implications for potential high-grade Pogo-style mineralisation. Resolution will seek to drill test this Priority One target during 2022.

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Figure 6. Anomalous surface geochemistry extending over a 1.8km x 750m area with a prospective ENE-SSW trending shear extending along strike from the Goodpaster Prospect to the north-east. Section line Trench 1 is reference for Figure 5. (RML ASX Announcement 26/11/2019).

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Goodpaster
Pogo Gold
Discovery (NST)
Mine (NST)
Aurora Prospects (RML)
Tourmaline
Ridge Prospect
(RML)
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Figure 7 Trenching activities underway September 2021

About the 64North Project, Alaska

The 64North Project is adjacent to Northern Star’s (ASX:NST) Pogo Gold Mine, 120km from Fairbanks, Alaska in the Tintina Gold Province. NST’s operating world class high grade Pogo Gold Mine has an endowment of 11Moz of gold and started production in 2006, producing approximately 4M oz Au @ 300,000oz/year at over 13g/t Au from 2006 to 2018. RML holds a 42% interest in the project and is earning up to a 60% interest in stages (51% and 60%). RML has a conditional pathway to 80% interest in a single “Best Block” at RML’s election. RML can form a JV at any stage and holds a first right over the Vendors interest. The Project is owned by Millrock Resources (Vendor) (TSXV:MRO) see RML ASX Announcement 31 January 2022 for full details. The total size of the claim blocks in 357km[2] .

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Target Ranking Table 64North Project – all drill targets

Resolution Minerals has undertaken methodical and objective target ranking for all proposed drillholes. A score out of 150 is derived for targets based on Geology, Geophysics, Geochemistry, Drilling, Resources, Data Density, Social Licence, Infrastructure and Accessibility. For comparison, the known examples of mineralisation at the Pogo Mine and the Goodpaster Discovery are included, with Goodpaster scored for both pre and post discovery.

Final drilling depths for Tourmaline Ridge Prospect will be sharpened up with an ELF-EM geophysics program allowing drill pads to be positioned to minimise depth to target, while ensuring optimal chance of intersecting the northwest dipping shear zone. The northwest dipping shear zone is interpreted to host Pogo-style gold mineralisation.

		Priority	Ranking Score / 150	NST Hole IDs	Prospect	Depth	Objective
		Example	84	-	Goodpaster	Pre-drilling	Pre-discoveryscore lower than RML Tourmaline Ridge Prospect
		Example	101	17-041 18-050	Goodpaster	231.2m 681.3m	Example score of the Goodpaster Prospect (NST:ASX 16 Sept 2019) with discovery holes
		Example	106	16-996 11-615	Pogo Mine	263.0m 555.2m	Example score of Pogo Gold mine Liese and East Deep Veins(Larimer et al, 2013) after discovery
		Priority	Ranking Score / 150	RML Planned Hole IDs	Prospect	Depth	Objective
		1	88	22TR001	Tourmaline Ridge	4 x 500m	Test under TR and to the NE, the up-dip, south-west extension of the NW-dipping shear intersected in 20AU004 and 20AU007 (2020 Aurora drilling).Road based.
		2	82	22ER005	ER	3 x 400m	Test high grade gold and Cu-Mo porphyry targets. Helicopter supported or build new road.
		3	78	22EP001-3	East Pogo Miranda	3x 450m	Test interpreted mineralised shear for Pogo-style high grade gold mineralisation, within uplifted blocks, proximal to 2021 RC drill hole 21EP008.Helicopter supported.
		4	78	22AU008	Aurora	550m	Re-drill 20AU001 deeper, targeting a lower NW-dipping shear(stacked sheets).Road based.

Note: The focus for 2022 will be drilling the Tourmaline Ridge Prospect using existing RML tracks.

For further information please contact the authorising officer Duncan Chessell:

Duncan Chessell Julian Harvey Managing Director Investor Communications Resolution Minerals Ltd Resolution Minerals Ltd M: +61 414 804 055 M: +61 404 897 584 E: duncan@resolutionminerals.com j.harvey@resolutionminerals.com W: www.resolutionminerals.com

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Competent Persons Statement

The information in this report that relates to Exploration Targets, Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Duncan Chessell who is a member of the Australasian Institute of Mining and Metallurgy. Mr Duncan Chessell holds shares, options and performance rights in and is a full-time employee of the company and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Duncan Chessell consents to the inclusion in the report of the matters based on his information in the form in which it is appears and confirms that the data reported as foreign estimates are an accurate representation of the available data and studies of the material mining project. This report includes results that have previously been released under JORC 2012 by the Company as 26 November 2019 as “2019 AGM Managing Director’s Presentation”, 14 May 2020 as “Exploration Update - 64North Project Alaska”, on 24 June 2020 as “Drilling Update - 64North Project Alaska”, 13 July 2020 as “Investor Presentation - Noosa Mining Virtual Conference”, 25 August 2020 as “Drilling Commenced at Reflection Prospect – 64North”, 10 September 2020 as “Assays and Operations Update 64North Project Alaska”, 24 September 2020 as “Boundary Prospect Results at Pogo Trend - 64North Project”, 29 September 2020 as “Drilling Results West Pogo Block – 64North Project, Alaska”, 30 October 2020 as “Quarterly Report September 2020”, 5 November 2020 as “Alaska Miners Association Technical Presentation”, 14 December 2020 as “New Claims Added East Pogo – 64North Project, Alaska”, 18 January 2021 as “Outcropping Gold System Identified - Assay Results 2020, 64North, Alaska”, 9 February 2021 as “Positive revision of JV agreement for 64North project, Alaska”, 17 May 2021 as “Sunrise Prospect Assays confirm Fort Knox style system”, 5 July 2021 as “Drilling Program Completed at East Pogo Gold Prospect”, 6 August 2021 as “East Pogo Drilling Update - 64North Project” and 31 January 2022 as “Interest earned 64North Project”.

The Company is not aware of any new information or data that materially affects the information included in this announcement.

*Alaska-Yukon Endowment Map – source of data: Pebble (Northern Dynasty, www.northerndynastyminerals.com), Pogo (Northern Star Resources, www.nsrltd.com), Fort Knox (Kinross, www.kinross.com), Donlin Creek (NovaGold, www.novagold.com), Livengood (International Tower Hill Mines, www.ithmines.com), Eagle & Dublin Gulch (Victoria Gold Corp, www.vgcx.com), Brewery Creek (Golden Predator, www.goldenpredator.com), White Gold (White Gold Corp, whitegoldcorp.ca), Coffee (Newmont, www.newmont.com), Kensington (Coeur Mining,www.coeur.com), Casino (Western Copper & Gold; www.westerncopperandgold.com) and Porphyry Deposits of the North-western Cordillera of North America: A 25-year update, Sharman et al, 2020 – Canadian Institute of Mining, Metallurgy and Petroleum.

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Appendix 1. Summary of trenching results at the Tourmaline Ridge Prospect, West Pogo Block, 64North Project, Alaska.

Table 1a: Summary of RML trench intervals 2021, Tourmaline Ridge Prospect - 64North Project.

Trench ID	Prospect	From	To	Interval	Au (g/t)
21TR001	TR	0	1	1	4.81
21TR001	TR	31	34	3	1.22
including	TR	31	32	1	2.50
and including	TR	33	34	1	1.10
21TR001	TR	41	42	1	0.53
21TR001	TR	176	178	2	0.69
including	TR	177	178	1	0.83
21TR001	TR	239	242	3	0.53
including	TR	239	240	1	0.80
and including	TR	241	242	1	0.68
21TR001	TR	316	500	235	PENDING
21TR002	TR	0	320	320	PENDING

• SampleTR0119 missing/lost (1m)

Table 1b: RML trench origin location for the Tourmaline Ridge Prospect - 64North Project, Alaska.

Trench ID	Easting	Northing	Elevation	Azimuth	Trench Length
Trench One 21TR001	593775	7148497	1088	180º	500m
Trench Two 21TR002	593650	7148471	1124	180º	320m

*TR = Tourmaline Ridge

Notes for Tables 1a and 1b

1. An accurate dip and strike and the controls on mineralisation are yet to be determined and the true width of the intercepts is not yet known.

2. Coordinates are in NAD83, Zone 6.

3. Elevation and Trench Length are in metres.

4. Azimuth is in Degrees Grid North.

5. g/t (grams per tonne), ppm (parts per million), ppb (parts per billion), NSI (no significant intercept).

6. All trenching was completed with a track mounted excavator to a maximum depth of 2m, representative sampling was applied. 100% sampling was undertaken at 1m intervals.

7. Significant results are shown for intercepts ≥0.5g/t Au with no more than 1m of internal dilution.

8. Only partial results (34%) are being reported, a separate release will report the pending assays when available. (See RML ASX Announcement 24/12/2021 – BV delays)

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Appendix 2. The following tables are provided to ensure compliance with the JORC Code (2012) requirements for the reporting of the exploration results for the 64North Project – Alaska.

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	Commentary	Commentary
Sampling	• Nature and quality of sampling (e.g., cut	•	Trenches are excavated with a
techniques	channels, random chips, or specific specialised industry standard measurement		track mounted excavator to a maximum 2m depth.
	tools appropriate to the minerals under	•	Systematic channel sampling has
	investigation, such as down hole gamma		been taken on nominal 1m
	sondes, or handheld XRF instruments, etc.).		intervals along the whole of the
	These examples should not be taken as		trench (30cm from base of trench).
	limiting the broad meaning of sampling.	•	Channel Sampling was done as
	• Include reference to measures taken to		continuous and equal sampling of
	ensure sample representivity and the		an outcrop or excavated exposure
	appropriate calibration of any measurement		of in-situ material to provide a
	tools or systems used.		representative sample of material
	• Aspects of the determination of mineralisation		sampled that best approximates
	that are Material to the Public Report.		the true width of the exposure.
	• In cases where ‘industry standard’ work has	•	QAQC samples (standards and
	been done this would be relatively simple		blanks) are inserted into the
	(e.g., ‘reverse circulation drilling was used to		sequences as per industry best
	obtain 1 m samples from which 3 kg was		practice the details of which are
	pulverised to produce a 30 g charge for fire		set out below in sub-sampling
	assay’). In other cases, more explanation may		techniques section.
	be required, such as where there is coarse Au	•	Individual samples weigh less than
	that has inherent sampling problems. Unusual		3kg to ensure total preparation at
	commodities or mineralisation types (e.g.,		the laboratory pulverisation stage
	submarine nodules) may warrant disclosure		to produce 30gram charge for fire
	of detailed information.		assay. The sample size is deemed
			appropriate for the grain size of the
			materialbeing sampled.
Drilling	• Drill type (e.g., core, reverse circulation,	•	Trenching was accomplished
techniques	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		using a CAT 330F excavator with trenches dug to a maximum of 2m vertical depth.
	type, whether core is oriented and if so, by
	what method, etc.).
Drill sample	• Method of recording and assessing core and	•	Trench samples were logged at
recovery	chip sample recoveries and results assessed. • Measures taken to maximise sample recovery		the sampling site for the full duration of the program.
	and ensure representative nature of the	•	Systematic channel sampling has
	samples.		been taken on nominal 1m
	• Whether a relationship exists between sample		intervals along the whole of the
	recovery and grade and whether sample bias		trench (30cm from base of trench).
	may have occurred due to preferential	•	Channel Sampling was done as
	loss/gain of fine/coarse material.		continuous and equal sampling of
			anoutcrop orexcavated exposure

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Criteria	JORC Code explanation	Commentary	Commentary
			of in-situ material to provide a
			representative sample of material
			sampled that best approximates
			the true width of the exposure.
		•	No relationship between sample
			recovery and gradeisidentified.
Logging	• Whether core and chip samples have been	•	Sample logging is carried out by
	geologically and geotechnically logged to a		Resolution Minerals qualified
	level of detail to support appropriate Mineral		geologists using a project specific
	Resource estimation, mining studies and		logging procedure. Data recorded
	metallurgical studies.		includes, but is not limited to,
	• Whether logging is qualitative or quantitative		lithology, structure, quality,
	in nature. Core (or costean, channel, etc.)		recovery, alteration, sulphide
	photography.		mineralogy and presence of visible
	• The total length and percentage of the		gold. This is supervised by senior
	relevant intersections logged.		geologists familiar with the
			mineralisation style and nature.
			Resolution’s Exploration Manager
			and Managing Director monitor
			sampling remotely using
			photographs and logs. Lithology is
			logged on 1m intervals. Rock
			codes have been set up
			specifically for the project. Logging
			is insufficient to support
			appropriate Mineral Resource
			estimation and mining studies.
		•	Logging is both qualitative by
			geological features and
			quantitative by geotechnical
			parameters. Photographs are
			taken of all samples prior to lab
			submission.
		•	All sample intervals are logged
			and recorded as standard
			operating practice.
Sub-	• If core, whether cut or sawn and whether	•	Channel Sampling was done as
sampling techniques	quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or		continuous and equal sampling (nominal 1m intervals) of an outcrop or excavated exposure of
and sample preparation	dry. • For all sample types, the nature, quality, and appropriateness of the sample preparation		in-situ material to provide a representative sample of material sampled that best approximates
	technique.		the true width of the exposure.
	• Quality control procedures adopted for all	•	3kg channel samples (sieved rock)
	sub-sampling stages to maximise		were collected in the field and
	representivity of samples.		considered representative and
	• Measures taken to ensure that the sampling		appropriate for exploration stage.
	is representative of the in situ material	•	100% sampling was undertaken.
	collected, including for instance results for	•	Selected channel samples were
	field duplicate/second-half sampling.		then submitted for analysis at the
	• Whether sample sizes are appropriate to the		BV laboratory in Fairbanks.
	grain size of the material being sampled.	•	Appropriate high, medium and low
			gold and basemetalstandards

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Criteria		JORC Code explanation	Commentary	Commentary
				(CRM’s) are used on a 1:50 basis
				(2%). Blanks are inserted on a
				1:50 basis (2%). Field duplicates
				are inserted on a 1:50 basis (2%).
				Laboratories introduce QAQC
				samples and complete duplicate
				check assays on a routine basis.
			•	Sample preparation is considered
				appropriate and was undertaken
				by BV Fairbanks (PRP70-250)
				using 70% to <2mm Crush and
				Pulverize 85% to <75 um.
				Samples were split and were
				subsequently analysed at BV
				laboratory in Reno, Nevada (gold)
				and Vancouver, Canada
				(multielement). Gold was analysed
				by Fire Assay (FA430/AA) with an
				AAS finish using a 30gram
				nominal sample weight.
				Multielement analysis by 4 Acid
				digestion and ICP-MS analysis
				(MA200).
			•	Sample size as defined above is
				considered appropriate to the
				materialsampled.
Quality	of	• The nature, quality and appropriateness of	•	The sampling digest methods are
assay and	data	the assaying and laboratory procedures used and whether the technique is considered partial or total.		considered appropriate and industry standard. FA430/AA with AAS finish was applied.
laboratory tests		• For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis	• •	No use of portal XRF is reported. QA/QC procedures included the insertion of appropriate high,
		including instrument make and model,		medium and low gold and base
		reading times, calibrations factors applied and		metal Certified Reference Materials
		their derivation, etc.		(CRM) n a 1:50 basis (2%), Blank
		• Nature of quality control procedures adopted		material on a 1:50 basis (2%) and
		(e.g., standards, blanks, duplicates, external		field duplicates on a 1:50 basis
		laboratory checks) and whether acceptable		(2%) for a total insertion rate of 6%,
		levels of accuracy (i.e., lack of bias) and		which is appropriate to the
		precision have been established.		exploration stage. QC checks are
				conducted after results are received
				utilising Company QC and supplied
				internal laboratory QC information.
				Laboratories introduce QAQC
				samples and complete duplicate
				check assays on a routine basis.
			•	No abnormalitieswere detected.
Verification		• The verification of significant intersections by	•	No twinned trenches.
of sampling and		either independent or alternative company personnel. • The use of twinned holes.	•	Trenching information is digitally entered and stored following documented sampling procedures
assaying		• Documentation of primary data, data entry		and backed up electronically.
		procedures, data verification, data storage	•	No adjustmenthas been made to

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Criteria		JORC Code explanation	Commentary	Commentary
		(physical and electronic) protocols.		the primary assay data.
		• _Discuss any adjustment to assay data. _
Location	of	• Accuracy and quality of surveys used to	•	All maps and locations are in UTM
data points		locate drill holes (collar and down-hole surveys), trenches, mine workings and other		grid (NAD83 Z6N) and have been measured by GPS with a lateral
		locations used in Mineral Resource		accuracy of ±4 metres and a
		estimation.		vertical accuracy of ±5 metres. A
		• Specification of the grid system used.		physical tape measure and
		• Quality and adequacy of topographic control.		compass was used to measure
				sample locations from the known
				start point ofeachtrench.
Data		• Data spacing for reporting of Exploration	•	Data spacing is insufficient to
spacing and distribution		Results. • Whether the data spacing, and distribution is sufficient to establish the degree of geological		establish the degree of geological and grade continuity required for a Mineral Resource estimation.
		and grade continuity appropriate for the	•	No sample composting has been
		Mineral Resource and Ore Reserve		applied.
		estimation procedure(s) and classifications
		applied.
		• Whether sample compositing has been
		_applied. _
Orientation		• Whether the orientation of sampling achieves	•	The relationship between the
of data relation	in to	unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.		trench orientation and the orientation of key mineralised structures has not been confirmed.
geological structure		• 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.
Sample		• The measures taken to ensure sample	•	A secure chain of custody protocol
security		security.		has been established with the site geologist locking samples in
				secure shipping container until
				being loaded by a reputable
				courier and transported to a
				secure room at BV laboratory in
				Fairbanks.
Audits	or	• The results of any audits or reviews of	•	No review has been undertaken at
reviews		sampling techniques and data.		this time.

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Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	Criteria		JORC Code explanation	Commentary	Commentary
Mineral			• Type, reference name/number, location and	•	Resolution Minerals Ltd holds a
tenement and land			ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties,		42% interest in the 64North Project by way of exploration and earn-in agreement with Millrock Resources
tenure			native title interests, historical sites,		(TSXV: MRO). Resolution has the
status			wilderness or national park and environmental settings.		right to earn up to 60% on the entire project and an 80% interest
			• The security of the tenure held at the time of		on a single “best block”. The latest
			reporting along with any known impediments		update and full details on the
			to obtaining a licence to operate in the area.		agreement was announced by
					Resolution 31 January 2022.
				•	The total tenement area comprising
					the 64North Project consists of 655
					State of Alaska claims (35,700
					hectares or 357km2).
				•	The 64North Project is located
					approximately 120km east of
					Fairbanks.
				•	The tenure is in good standing and
					noknown impediments exist.
Exploration done by			• Acknowledgment and appraisal of exploration by other parties.	• •	Previous exploration work on the 64North Project included; Surface Geochemical Sampling:
other parties					Pan concentrates, fine silts, silts,
					soils & rock chips. Airborne
					Geophysics: EM, LiDAR,
					Radiometric & Magnetics.
					Ground Geophysics: Magnetics,
					Radio-metrics, EM, VLF-EM,
					NSAMT & CSAMT.
					Exploration Drilling: 46 Diamond.
Geology			• Deposit type, geological setting, and style of	•	Resolution Minerals Ltd is primarily
			mineralisation.		exploring for Reduced Intrusion
					Related Gold mineralisation (e.g.,
					Pogo-style & Fort Knox-style) and
					Copper-Molybdenum-Gold
					Porphyry mineralisation within the
					Yukon-Tanana Terrane of the
					north-westernCordillera,Alaska.
Drill	hole		• A summary of all information material to the	•	See Appendix 1 summary table 1a
Information			understanding of the exploration results including a tabulation of the following	•	and 1b of trenching results. An accurate dip and strike and the
			information for all Material drill holes:		controls on mineralisation are yet
			o easting and northing of the drill hole collar		to be determined and the true
			o elevation or RL (Reduced Level –		width of the intercepts is not yet
			elevation above sea level in metres) of the		known.
			drill hole collar
			o dip and azimuth of the hole
			o down hole length and interception depth
			o hole length.
			• Ifthe exclusion of this information is justified

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ASX RELEASE

Criteria	Criteria	JORC Code explanation	Commentary
		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. _
Data		• In reporting Exploration Results, weighting	•Sample length weighted averaging
aggregation methods		averaging techniques, maximum and/or minimum grade truncations (e.g., cutting of high grades) and cut-off grades are usually	was used to calculate the aggregated intervals of significant mineralisation. A cut off of 0.5 g/t
		Material and should be stated.	Au has been applied for significant
		• Where aggregate intercepts incorporate short	intersections. No top cut has been
		lengths of high-grade results and longer	applied. No more than 1m of
		lengths of low-grade results, the procedure	internal dilution has been applied.
		used for such aggregation should be stated	•No metal equivalents have been
		and some typical examples of such	used.
		aggregations should be shown in detail.
		• The assumptions used for any reporting of
		metal equivalent values should be clearly
		_stated. _
Relationship		• These relationships are particularly important	•Trench length has been reported,
between mineralisati		in the reporting of Exploration Results. • If the geometry of the mineralisation with respect to the drill hole angle is known, its	as true width is not known, as insufficient work has been undertaken to understand the true
on	widths	nature should be reported.	width of intervals.
and intercept		• If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (e.g., ‘down hole	•A structural interpretation undertaken by an external consultant will be updated.
lengths		length, true width not known’).	•“Trench length, true width not known” is stated in the notes to
			Table1a and1b.
Diagrams		• Appropriate maps and sections (with scales)	•Plan view of trench sample
		and tabulations of intercepts should be	locations have been included in the
		included for any significant discovery being	body of this report.
		reported These should include, but not be	•Cross section of trench results and
		limited to a plan view of drill hole collar	historic drilling has been provided
		locations and appropriate sectional views.	for holes WP12-01 and WP-1
			noting that these holes were only
			selectively sampled and results are
			inconclusive for identification of
			high-grade Pogo-style
			mineralisation.
Balanced		• Where comprehensive reporting of all	•The reporting is considered
reporting		Exploration Results is not practicable, representative reporting of both low and high	balanced. •Comprehensive reporting of all
		grades and/or widths should be practiced to	drilling, trench, soil samples has
		avoid misleading reporting of Exploration	occurred in historical reports and
		Results.	reportedwhenappropriatehere.
Other		• Other exploration data, if meaningful and	•Resolution Minerals completed a
substantive exploration		material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical	heli-borne magnetic survey. See ASX:RML announcement released on the 30/10/2020 for details.
data		survey results; bulk samples – size and	•Resolution Minerals completed a
		method of treatment; metallurgical test	ZTEM survey. See ASX:RML
		results; bulk density, groundwater,	announcementreleased onthe

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Criteria	JORC Code explanation	Commentary	Commentary
	geotechnical and rock characteristics;		25/08/2020 for details.
	potential deleterious or contaminating	•	Millrock Resources completed a
	substances.		CSAMT survey. See TSX.V: MRO
			announcement, released on the
			9/10/2019fordetails.
Further	• The nature and scale of planned further work	•	A range of exploration techniques
work	(e.g. tests for lateral extensions or depth extensions or large-scale step-out drilling).		are being considered to progress exploration including ground
	• Diagrams clearly highlighting the areas of		geophysics and drilling.
	possible extensions, including the main
	geological interpretations and future drilling
	areas, provided this information is not
	commercially sensitive.

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