RESOLUTION MINERALS LTD — Regulatory Filings 2021

Jul 4, 2021

5 July 2021

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DRILLING PROGRAM COMPLETED AT EAST POGO GOLD PROSPECT

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Resolution Minerals Ltd ( RML or Company ) is pleased to announce that it has completed drilling on the East Pogo Gold Prospect at the 64North Project in Alaska. The compelling shallow drill targets are the culmination of 20 months’ preparation of field work, desktop review, CSAMT and ZTEM geophysics surveys and logistics planning. East Pogo is on the Pogo Trend positioned between the 11M oz Pogo Gold Mine and the Tibbs Discovery.

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Summary

• Seven quartz veins up to 4.6m thick were intersected in five (5) of 12 holes

• 12 RC drill holes totalling 1,663m designed to test compelling high-grade gold targets of 50m to 150m depth, have been completed on time and budget

• Encouragingly, intense hydrothermal alteration was present in all holes and the structural setting (flat lying dilation zones) confirms our Pogo-style model for East Pogo

• East Pogo drill targets are on the Pogo Trend between the 11M oz Pogo Gold Mine and the Tectonic Metals’ Tibbs high-grade gold discovery within the Tintina Gold Province

• Drilling assay results are expected in four (4) weeks ~ early August

• Assessment of Sunrise and surrounding prospects continues and will be reported separately

VIDEO: Exploration Manager Christine Lawley discusses the East Pogo Drill Program

CAPITAL STRUCTURE

BOARD

Ordinary Shares Issued 448 M

Options and rights Listed options 6 M @ 10c Listed options 75 M @ 12c Unlisted options 6 M @ 25c Unlisted options 13 M @ 8c Unlisted options 59 M @ 4.2c Unlisted rights 11 M

Performance Shares Class A 9.6 M Class B 3.6 M Last Capital Raise February 2021 – Placement $3.2M @ 2.8c

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

Level 4, 29 King William Street Adelaide SA 5000

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ASX RELEASE

We are encouraged to see seven zones of flat lying quartz veining with minor sulphides up to 4.6m thick, amongst intensely altered host rock in RC drill chips at the East Pogo Prospect. Our targeting, based on the 2020 CSAMT and ZTEM survey results, has allowed us to vector in on hydrothermal fluid pathways where gold mineralisation could accumulate. More importantly, RML has identified dilation zones - where the rock has pulled apart allowing the formation of quartz veins, which can host high-grade gold in this district. While we are excited by these drilling results, the assay results will be the real test and are expected in 4 weeks.

• Managing Director, Duncan Chessell.

Visual geological observations of RC chips

Quartz veining has been logged in 7 intervals as outlined in the Table below. Intervals range between 1.5m and 4.6m thickness with minimum sample thickness being 1 drill rod of 5 feet or 1.5 metres in length (see Figure 1 RC chip tray photograph below). Intense pervasive alteration was observed in all holes and minor stringers of sulphides were associated with the quartz veins.

Hole ID	From(ft)	To(ft)	From(m)	To(m)	Interval(m) QTZ Vein	Au g/t
21EP001	260	275	79.2	83.8	4.6	Quartz veins only Assays pending Visual results only
21EP002	205	210	62.5	64.0	1.5
21EP007	460	475	140.2	144.8	4.6
21EP011	450	455	137.2	138.7	1.5
21EP011	530	535	161.5	163.1	1.5
21EP011	600	605	182.9	184.4	1.5
21EP012	315	330	96.0	100.6	4.6

Section views have not been provided, given wide separation of holes and that quartz veining is not necessarily a true indication of gold mineralisation and finally - no assays are reported as of yet. Resolution Minerals will update the market once results are released from the laboratory. See Figure 2 - drill collar locations.

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140.2m to 141.7m 141.7m to 144.8m to End of Hole 21EP007
Quartz Veins & Biotite 3m thickness of Quartz Veins, with sulphides
rich – Orthogneiss
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Figure 1 Example of typical Quartz Veins and sulphides in Hole ID 21EP007: 4.6m interval from 140.2m to 144.8m (end of hole).

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ASX RELEASE

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Historic Drill hole BND00-04
- 0.5m @24g/t Au from 147m
- 0.1m @35g/t Au from 224m
CSAMT Geophysics
survey lines (2020)
ZTEM Geophysics
survey area (2020)
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Figure 2 East Pogo Prospect completed RC drill holes during the June 2021 program (elevation map background). (See RML ASX announcement 13-July-2020 for full results of historic holes at the Boundary Prospect)

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Figure 3 The 64North Project Claims in blue surrounding Northern Star’s Pogo Gold Mine in orange/tan.

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ASX RELEASE

Drilling Program Details

Resolution’s maiden heli-supported RC program, of 12 drill holes, at the East Pogo Prospect has been successfully completed totalling 1,663m. The program drill tested CSAMT and ZTEM geophysical anomalies, spatially associated with flat lying structures (dilation zones in reverse thrust faults) for potential high grade Pogo-style gold mineralisation near surface (50-150m). The targets intersected are dipping at ~20º to North-East which is equivalent to the Pogo Gold Mine mineralisation model. The shallow RC holes were designed to test the upper portion of the targets and any indication of gold on these drill holes would warrant follow up drilling.

Hole depths were between 53-194m and encouragingly intersected intensely altered basement gneisses (target rock unit) cross-cut by up to 4.5m thick intersections with abundant quartzsulphide veining. Alteration varies across the holes and logging includes the presence of silicification, chlorite, lepidolite (Li bearing mica), dolomite, sericite and clay alteration. Sulphides recorded included pyrite, pyrrhotite and arsenopyrite. Graphite was present along the thrust contact, which is not un-common and would likely influence the CSAMT/ZTEM conductive response in addition to the influence of alteration and sulphides. Graphitic schists are also associated with the Pogo Gold Deposit – see later section “About the Pogo Gold Mine and Pogo style mineral systems”.

Samples have been submitted to the laboratory in Fairbanks for preparation and transport to Vancouver for assay, with results expected in approximately 4 weeks . Upon positive results the Company will look to undertake combination of RC and deeper drill testing with diamond core drilling.

The drill contractor Northspan Explorations Ltd (Yukon, Canada) is a specialised heli-RC driller. Northspan’s professionalism, organisation and excellent execution, by drilling to almost 200m with a miniature RC rig deserves a special mention. The specialised Super Hornet rig (designed by Northspan) and team enabled very cost effective first pass drilling to be completed at a fraction of diamond core drilling cost, enabling more targets to be tested and delivering Resolution shareholders excellent value.

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ASX RELEASE

Geological context - East Pogo

During 2020 Resolution conducted CSAMT and ZTEM geophysical surveys over the East Pogo Prospect, including the historic Boundary Prosect, which reported historic narrow high-grade gold mineralisation along high angle structures, in diamond core drilling. (Results reported in RML ASX Releases 13/7/2020 and 5/11/2020). See Diagrams below CSAMT and ZTEM. Using knowledge gained from deploying these geophysics systems at West Pogo, subsequent drilling programs; and flying a ZTEM survey over known gold mineralisation at Northern Star’s Goodpaster Discovery RML delineated a set of compelling shallow drill targets at East Pogo.

The Resolution geology team interpreted the low angle shear to be analogous to the regional shear which hosts the Pogo Gold Mine mineralised Liese Vein lodes and is present at a shallow depth at East Pogo. Resolution also interprets that mineralisation (like at Pogo) doesn’t appear to outcrop (“daylight”) as it is shallow dipping i.e. almost flat. Drilling targets of 50-200m depth were designed to test this model. The right host rocks are present in the area and the presence of high-grade narrow gold mineralisation up to 35g/t Au along high angle structures in historic drill holes infers East Pogo is a highly prospective location.

Further evidence for the prospectivity is the location on the Pogo Gold Trend with known gold mineralisation to the east (Tectonic Metals Tibbs high-grade gold discovery - TSXV:TECT) and west (Northern Star’s Pogo Gold Mine – ASX:NST) of the drill targets.

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Diagrams: Left hand side Diagram Yellow polygons indicating prospective southern and central zones, image of East Pogo ZTEM (2020) conductivity shell overlain with black lines indicating CSAMT survey conducted over Northern/Boundary Prospect and Central Zone of the greater East Pogo Prospect.

Right hand side Diagram of CSAMT survey (2020) conducted over the Boundary Prospect or Northern Zone and Central Zone of the greater East Pogo Prospect. (RML ASX Announcement 5/11/2020).

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ASX RELEASE

About the Pogo Gold Mine and Pogo style mineral systems

NST’s operating world-class high-grade Pogo Gold Mine has an endowment of 11M oz of gold and started production in 2006, producing approximately 300,000oz/year at over 13g/t Au through much of this time. This demonstrates the highly prospective nature of the district overall. The Pogo style gold system present is typically shallow dipping (almost flat lying) quartz hosted gold mineralisation of 4m to 20m thick arranged in “stacked sheets” of very highgrade gold mineralisation and is mined underground (See 3D representation from the Northern Star website below). This style of mineralisation is potentially found at shallow depths of 50-200m deep on the East Pogo Prospect and was the target of deeper (300-800m+) diamond core drilling in 2020 at the Aurora Prospect, West Pogo.

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Target of East Pogo
drilling program, gently Pogo Style – Mine Mineralisation Model
dipping dilation zones
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
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Pogo Style – Mine Mineralisation Model*

*Sumitomo/ Larimer (2019)

• 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

Other characteristics of Pogo

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Elevated gold/arsenic/bismuth anomaly
Gold-bearing quartz veins
Serpentinite, amphibolite
Graphitic schist
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• Free milling gold

• Low sulfide quartz veins

• ~ 3% pyrite, arsenopyrite, pyrrhotite, Bi-Te-S

• Dolomite-sericite alteration halo

• Magmatic fluid source

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ASX RELEASE

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Tintina Gold Province Endowment Map - Deposit sizes stated as Endowment (Resources & Reserves + Historic)
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Resolution Minerals Ltd is a precious and battery metals mineral explorer with its gold focussed flagship 64North Project in Alaska; and holds the Wollogorang and Benmara Cu-Co-U Projects in Australia, which includes the Stanton Cobalt Deposit and Snettisham Ti-V-Fe (Magnetite) Project in southern Alaska.

Resolution confirms that the Company is not aware of any new information or data that materially affects the exploration results cross referenced in this announcement.

For further information please contact the authorising officer:

Duncan Chessell Managing Director Resolution Minerals Ltd M: +61 414 804 055

E: duncan@resolutionminerals.com

Follow RML on LinkedIn or Twitter or visit our website www.resolutionminerals.com Join RML’s Newsletter Link

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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 30% interest in the project and is earning up to a 60% interest in stages (30%, 42%, 51% and 60%). RML has a conditional pathway to 80% interest in a single “Best Block” at its 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 9 February 2021 for full details.

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ASX RELEASE

Appendix 1. Summary table of drill hole details.

Table 1a: Summary of drill intervals from June 2021 RC drilling program East Pogo Prospect 64North Project.

Hole ID	From(ft)	To(ft)	From(m)	To(m)	Interval(m) QTZ Vein	Au g/t
21EP001	260	275	79.2	83.8	4.6	Quartz veins only Assays pending Visual results only
21EP002	205	210	62.5	64.0	1.5
21EP007	460	475	140.2	144.8	4.6
21EP011	450	455	137.2	138.7	1.5
21EP011	530	535	161.5	163.1	1.5
21EP011	600	605	182.9	184.4	1.5
21EP012	315	330	96.0	100.6	4.6

Table 1b: RML RC drill collar locations for the East Pogo Prospect June 2021, 64North Project, Alaska.

Hole ID	Easting	Northing	Elevation (m)	Azimuth	Dip	EOH Depth (m)
21EP001	623146	7145885	1166	200	-80	132.6
21EP002	623210	7146161	1135	200	-80	179.8
21EP003	622816	7146278	1020	200	-80	82.3
21EP004	622719	7146130	1036	200	-80	53.3
21EP005	623959	7145904	1141	210	-80	190.5
21EP006	623628	7145731	1173	200	-80	125.0
21EP007	624839	7145133	1197	210	-70	144.8
21EP008	625152	7146559	967	200	-80	146.3
21EP009	626698	7146955	984	180	-60	160.0
21EP010	624485	7147788	1131	0	-60	132.6
21EP011	623874	7144276	1382	200	-80	193.6
21EP012	623573	7142046	1200	180	-80	121.9

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. Drilling is conducted with 5 feet = 1.524m long drill rods intervals are rounded to one decimal place.

4. Elevation and Hole Depth are in metres

5. Azimuth is in Degrees Grid North

6. Dip is in degrees

7. All drilling is 3 & 3/4" diameter RC chip drilling, all of hole is sampled

8. Assays are pending, no results are known at this time.

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ASX RELEASE

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 “Investor Presentation - Noosa Mining Virtual Conference” 13 July 2020, “Boundary Prospect Results at Pogo Trend - 64North Project” 24 September 2020, “AMA Technical Presentation 2020” 5 November 2020 and “New Claims Added East Pogo – 64North Project, Alaska” 14 December 2020. The Company is not aware of any new information or data that materially affects the information included in this announcement.

*Tintinta Gold Province 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).

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ASX RELEASE

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	•	Sampling was undertaken using
techniques	channels, random chips, or specific specialised industry standard measurement		standard industry practices and a standard operating procedure to
	tools appropriate to the minerals under		ensure continuity of work practices
	investigation, such as down hole gamma		between staff.
	sondes, or handheld XRF instruments, etc.).	•	RC chip sample intervals were set
	These examples should not be taken as		at 1.524m (5 feet) intervals (1 rod
	limiting the broad meaning of sampling.		length).
	• Include reference to measures taken to	•	Individual samples weigh less than
	ensure sample representivity and the		3kg to ensure total preparation at
	appropriate calibration of any measurement		the laboratory pulverisation stage
	tools or systems used.		to produce 30gram charge for fire
	• Aspects of the determination of mineralisation		assay and 0.25gram for multi-acid
	that are Material to the Public Report.		ICP-MS analysis. The sample size
	• In cases where ‘industry standard’ work has		is deemed appropriate for the
	been done this would be relatively simple		grain size of the material being
	(e.g. ‘reverse circulation drilling was used to		sampled.
	obtain 1 m samples from which 3 kg was	•	QAQC samples (standards, blanks
	pulverised to produce a 30 g charge for fire		and duplicates) are inserted into
	assay’). In other cases, more explanation may be required, such as where there is coarse Au that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure		the sequences as per industry best practice the details of which are set out below in sub-sampling techniques section.
	of detailed information.	•	Assays are pending, visual
			results only.
Drilling	• Drill type (e.g. core, reverse circulation, open-	•	Reverse Circulation with a 3 3/4"
techniques	hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter,		hole diameter and a Sandvik face sampling “button” bit.
	triple or standard tube, depth of diamond tails,	•	Downhole surveys were completed
	face-sampling bit or other type, whether core		using a SlimGyro
	_is oriented and if so, by what method, etc.). _
Drill sample	• Method of recording and assessing core and	•	Chips were logged and sampled on
recovery	chip sample recoveries and results assessed. • Measures taken to maximise sample recovery		site at the 64North, East Pogo Prospect for the full duration of the
	and ensure representative nature of the		program by qualified geologists
	samples.		using the drillers recorded depth
	• Whether a relationship exists between sample		against the number of 1.524m (5
	recovery and grade and whether sample bias		feet) samples recovered. No
	may have occurred due to preferential		significant sample loss was
	loss/gain of fine/coarse material.		observed.
		•	Drillers monitored the shroud size
			to ensurequalityrecovery

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ASX RELEASE

Criteria	JORC Code explanation	Commentary
		• Assays are pending, visual
		results only, therefore no
		relationship between sample
		recovery and gradeisidentified.
Logging	• Whether core and chip samples have been	•Chip logging is carried out by
	geologically and geotechnically logged to a	contracted qualified geologists
	level of detail to support appropriate Mineral	using a project specific logging
	Resource estimation, mining studies and	procedure. Data recorded includes,
	metallurgical studies.	but is not limited to, lithology,
	• Whether logging is qualitative or quantitative	alteration and sulphide mineralogy.
	in nature. Core (or costean, channel, etc.)	This is supervised by Resolution’s
	photography.	Vice President Exploration, who is
	• The total length and percentage of the	familiar with the mineralisation style
	relevant intersections logged.	and nature. Rock codes have been
		set up specifically for the project.
		•Drill technique is RC, therefore can
		be used to support appropriate
		Mineral Resource estimation,
		mining studies and metallurgical
		studies.
		~~•~~Drill logging is qualitative by
		geological features.
		•All drilled intervals (100%) are
		logged and recorded as standard
		operating practice.
		• Assays are pending, visual
		results only.
Sub-	• If core, whether cut or sawn and whether	•Drill chips intervals were speared
sampling techniques	quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or	on site (dry), then submitted for analysis at the BV laboratory in Fairbanks.
and sample preparation	dry. • For all sample types, the nature, quality and appropriateness of the sample preparation	•100% of the samples were submitted for assay. •A 20% sample split and is
	technique.	considered representative and
	• Quality control procedures adopted for all	appropriate for exploration stage.
	sub-sampling stages to maximise	Appropriate high, medium and low
	representivity of samples.	gold and base metal standards
	• Measures taken to ensure that the sampling	(CRM’s) are used on a 1:50 basis
	is representative of the in situ material	(2%). Blanks are inserted on a 1:50
	collected, including for instance results for	basis (2%). Duplicate samples were
	field duplicate/second-half sampling.	taken on a 1:50 basis (2%).
	• Whether sample sizes are appropriate to the	Laboratories introduce QAQC
	grain size of the material being sampled.	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 Vancouver,
		Canada. Gold was analysed by
		FireAssay (FA430/AA)withan

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ASX RELEASE

Criteria			JORC Code explanation	Commentary	Commentary
					AAS finish using a 30gram nominal
					sample weight. 45 elements were
					analysed by multi-acid (MA200)
					with an ICP-ES/MS finish using a
					0.25gram sample weight. Multi-
					element analysis was completed on
					selective samples only.
				•	Sample size as defined above is
					considered appropriate to the
					material sampled.
				•	Assays are pending, visual
					results only.
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 to all
laboratory tests			• For geophysical tools, spectrometres, handheld XRF instruments, etc., the parametres used in determining the analysis		samples. MA200 with ICP-ES/MS finish was applied to selective samples.
			including instrument make and model,	•	No use of portal XRF is reported.
			reading times, calibrations factors applied and	•	QAQC procedures included the
			their derivation, etc.		insertion of appropriate high,
			• Nature of quality control procedures adopted		medium and low gold and base
			(e.g. standards, blanks, duplicates, external		metal Certified Reference Materials
			laboratory checks) and whether acceptable		(CRM) on a 1:50 basis (2%), Blank
			levels of accuracy (i.e. lack of bias) and		material on a 1:50 basis (2%) and
			precision have been established.		duplicates on a 1:50 basis (2%) for
					a total insertion rate of 6%, which is
					appropriate to the 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.
				•	Assays are pending, visual
					**results only. **
Verification			• The verification of significant intersections by	~~•~~	At least two geologists have
of sampling and			either independent or alternative company personnel. • The use of twinned holes.	• •	reviewed the physical chips. No twinned holes. Drilling information is digitally
assaying			• Documentation of primary data, data entry		entered and stored following
			procedures, data verification, data storage		documented chip handling
			(physical and electronic) protocols.		procedures and backed up
			• Discuss any adjustment to assay data.		electronically.
				•	No adjustment will be made to the
					primary assay data.
				•	Assays are pending, visual
					results only.
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 handheld GPS with a
			locations used in Mineral Resource		lateralaccuracy of ±4 metres and

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ASX RELEASE

Criteria		JORC Code explanation	Commentary	Commentary
		estimation.		a vertical accuracy of ±10 metres.
		• Specification of the grid system used.		Collar RLs have been adjusted to
		• Quality and adequacy of topographic control.		the Shuttle Radar Topography
				Mission (SRTM) digital elevation
				model (DEM) of the Earth to obtain
				sub 5metreverticalaccuracy.
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	•	Sample composting has not been
		Mineral Resource and Ore Reserve		applied to these exploration
		estimation procedure(s) and classifications		results.
		applied.	•	Assays are pending, visual
		• Whether sample compositing has been		results only.
		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.		drilling 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	•	Assays are pending, visual results only.
		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 transporting samples
				from site, directly to a secure room
				at BV laboratoryin Fairbanks.
Audits	or	• The results of any audits or reviews of	•	No review has been undertaken at
reviews		sampling techniques and data.	•	this time. Assays are pending, visual
				results only.

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ASX RELEASE

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 executed
tenement and land			ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties,		an Option, Earn-in and Joint Venture (JV) agreement on 17 October 2019 as Northern Cobalt
tenure			native title interests, historical sites,		Ltd (ASX:N27) (former company
status			wilderness or national park and environmental settings.		name of Resolution Minerals Ltd) with Millrock Resources Inc.
			• The security of the tenure held at the time of		Millrock is an Alaskan based project
			reporting along with any known impediments		generator company listed on the
			to obtaining a licence to operate in the area.		TSX-V as MRO. (ASX:RML
					Announcement 17/12/2019). On the
					9thof February 2021 Resolution
					Minerals Ltd executed a revision of
					the Millrock Agreement with
					reduced spend including updated
					terms of the Option, Earn-in and
					Joint Venture agreement to earn up
					to 60% on the entire project and an
					80% interest on a single “best
					block” (ASX:RML Announcement
					9/2/2021).
				•	Resolution currently has earned a
					30% interest in the 64North Project.
				•	The total tenement area comprising
					the 64North Project consists of
					1195 State of Alaska claims
					(67,280 hectares or 672km2).
				•	The 64North Project is located
					approximately 120km east of
					Fairbanks.
				•	The tenure is in good standing and
					no known impediments exist.
Exploration done by			• Acknowledgment and appraisal of exploration by other parties.	• •	Previous exploration work includes; 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
					holes completed.
Geology			• Deposit type, geological setting and style of	•	Resolution Minerals Ltd is primarily
			mineralisation.		exploring for Intrusion Related Gold
					mineralisation (e.g. Pogo-style and
					Fort Knox-style) within the Yukon-
					Tanana Terrane of the northern
					Cordillera,Alaska.

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ASX RELEASE

Criteria	Criteria	JORC Code explanation	Commentary	Commentary
Drill	hole	• A summary of all information material to the	•	See Appendix 1 summary table of
Information		understanding of the exploration results including a tabulation of the following	•	drill hole 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	•	Assays are pending, visual
		o dip and azimuth of the hole		results only.
		o down hole length and interception depth
		o 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.
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		will be used to calculate the aggregated intervals of significant mineralisation. A cut off of 0.1 g/t
		Material and should be stated.		Au will be applied for significant
		• Where aggregate intercepts incorporate short		intersections with a maximum
		lengths of high-grade results and longer		dilution of 3.048m (10 feet).
		lengths of low-grade results, the procedure	•	No top cut will be applied.
		used for such aggregation should be stated	•	No metal equivalents will be used.
		and some typical examples of such	•	Assays are pending, visual
		aggregations should be shown in detail.		results only.
		• The assumptions used for any reporting of
		metal equivalent values should be clearly
		stated.
Relationship		• These relationships are particularly important	•	Down hole length will be 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	•	“Down hole length, true width not known” will be stated in the notes to Table 1a.
lengths		length, true width not known’).	•	Assays are pending, visual results only.
Diagrams		• Appropriate maps and sections (with scales)	•	Plan view of drill collar locations
		and tabulations of intercepts should be		have been included in the body of
		included for any significant discovery being		this report.
		reported These should include, but not be	•	Section views have not been
		limited to a plan view of drill hole collar		provided, given quartz veining is
		locations and appropriate sectional views.		not necessarily a true indication of
				gold mineralisation and no assays
				are reported as of yet. Resolution
				Minerals will update the market
				once results are released from the
				laboratory.
			•	Assays are pending, visual
				results only.

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ASX RELEASE

Criteria	JORC Code explanation	Commentary	Commentary
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.		reported when appropriate here.
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		ZTEM survey. See ASX:RML announcement released on the 5/11/2020 for details.
data	survey results; bulk samples – size and	•	Resolution Minerals completed a
	method of treatment; metallurgical test		CSAMT survey. See ASX:RML
	results; bulk density, groundwater,		announcement released on the
	geotechnical and rock characteristics;		24/09/2020 for details.
	potential deleterious or contaminating
	substances.
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 at the East Pogo
	• Diagrams clearly highlighting the areas of		Prospect including diamond drilling.
	possible extensions, including the main
	geological interpretations and future drilling
	areas, provided this information is not
	commercially sensitive.

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