THORN GOLD-COPPER-SILVER PROJECT

Geology at Trapper is predominantly volcanic and volcaniclastic rocks of the Upper Triassic Stuhini group, which are intruded by Cretaceous quartz diorite, interpreted as part of the Thorn Magmatic Suite. The quartz diorite is associated with high-grade gold mineralization at Trapper, including a broad low-grade gold zoning that extends into the Stuhini volcanic rocks. Late porphyritic dykes crosscut both rock groups and add Au-Cu-Ag mineralization to the system. Gold mineralization is observed within structurally controlled quartz-carbonate stockworks and epithermal veins that host sulphides (pyrite, galena, sphalerite), and rare occurrences of visible gold. At surface, soil and rock geochemistry outline a 4 kilometer north-northwest gold trend, with 2021 grab samples assaying up to 135.5 g/t Au. Locally, gold mineralization is associated with copper and silver with values up to 5.2% Cu and 1,490 ppm Ag.

To date, 76 holes have been drilled at the Trapper target, including a dozen holes where visible gold has been observed. High-grade intercepts include 276 g/t Au over 0.46m and 160 g/t Au over 0.50m in THN21-186, part of a broader low-grade interval of 1.6 g/t Au over 187.51m. Drill assays are pending for the 2022 season.

Metla is a copper-gold porphyry anomaly within the Thorn Project, 20 km southeast of Camp Creek. The target area claims were acquired in 2020. Major rock units at Metla include sedimentary and mafic- to ultramafic-intrusive rocks of the Stikine assemblage, volcanic and volcaniclastic rocks of the Stuhini Group, Late Cretaceous to Paleocene felsic intrusive rocks, and hydrothermal breccia dykes that crosscut all of the previous units. Recent age dating indicates that the Au-Cu bearing granodiorite is Triassic in age, 220 +/- 3.1 Ma. Several distinct styles of mineralization occur in the Metla area. Massive pyrite, chalcopyrite and sphalerite are hosted in the hydrothermal breccia and porphyry, along with bornite, chalcocite, and rare visible gold. Rock samples collected have returned up to 62.7 g/t Au and 4.7% Cu, and assays are pending for the 2022 prospecting season. A 1989 trench by Cominco returned 9m of 4.6 g/t Au.

The Outlaw Zone is composed of sediment-hosted (siltstone-greywacke-argillite-carbonates) Au-Ag related to pyrite and pyrrhotite veins, and stratiform disseminated to semi-massive py-po. Mineralized horizons may be related to the Jurassic-aged felsic dykes, suggesting the mineralization is intrusion-related. Gold-in-soil anomaly is greater than 4 km, with a gold horizon in the central part of the target that extends an east-west trend for 600m through drilling. Hole THN14-128, drilled in the Central Outlaw area, returned 59.65m of 1.15 g/t Au. Surface rocks samples have returned up to 22.9 g/t Au from East Outlaw and 68.8 g/t Au from West Outlaw. Drill assays are pending for the 2022 season at Outlaw.

The East Target is located 25km east of Metla and 17km north-northeast of the Golden Bear Mine. The geology is dominated by Middle to Late Triassic quartz diorite and granodiorite intrusive rocks, with windows of Stuhini Group volcanic rocks. There are two main copper showings on either side of the Samotua River. The Ant showing is to the west and includes a 2km x 800m gossan with associated copper soil anomaly. Copper values in rocks reach up to 3.62% Cu and have not yet been drill tested. The Bing showing is on the east side of the river and includes widespread copper +/- molybdenum mineralization, as disseminations and within veining stockworks. Historic drilling did not target the area hosting the most anomalous samples. Surface rock samples have returned up to 5.15% Cu and 145 g/t Ag.

The West target is primarily a copper target, located 5km west-southwest of the Camp Creek Target. Geology at the West Target is comprised of Triassic volcanic rocks of the Stuhini Group, and Jurassic argillite and conglomerate of the Laberge Group. These Mesozoic volcanic and sedimentary rocks are cut by an Eocene granodiorite (54.2 +/- 0.8Ma) and alkali feldspar granite batholith of the Sloko-Hyder Plutonic suite, some of which has been locally metamorphosed and migmatites are observed. Mineralization is vein-hosted and disseminated, with porphyry-style quartz-pyrite-chalcopyrite veins in the Eocene intrusive and Stuhini volcanic rocks. A float sample collected in 2020 assayed 4.27% Cu.

The Central Target is located 7km southwest of Metla. Similarly, the Central Target geology is dominated by plutonic rocks, with Middle to Late Triassic quartz-diorite intruded by granitic intrusive rocks of the Sloko-Hyder Plutonic Suite. At surface there are stockwork quartz-molybdenite-pyrite veins, as well as several historic drillholes. East-west trending sheeted veins, up to 1.5m thick, contain molybdenite, which is locally massive and contain grades up to 1.45% Mo.

The South Target is located approximately 35 km south of the Trapper Target. Geology includes greenstones of the Whitewater Metamorphic Complex, coarse clastic sedimentary rocks of the Stikine Assemblage and Late Triassic quartz diorite intrusive rocks. Known mineralization includes vein-hosted chalcopyrite and disseminated pyrite and chalcopyrite, although only reconnaissance geochemistry surveys have been completed in the target area to date. The target includes one of the highest-grade gold samples in silts from the BC Regional Geochemical Survey, with 990.7 ppb Au and elevated Cu-Ag-As. The area around this sample has not yet been tested and geochemical surveys, prospecting and mapping are planned.

The GoldBee Target is the southern extension of the Golden Bear Mine trend. Gold mineralization is structurally controlled and hosted within Upper Triassic Stuhini Group volcanic and sedimentary rocks. Geochemical surveys and prospecting are planned.