The Converse Gold Project is the largest undeveloped gold deposit not owned by a major mining company in Nevada -America's premier mining state. ‍

The project is located within the prolific Battle Mountain trend and counts with 5.57Moz of M+I gold resources and a further 0.42Moz of Inferred gold resources.

Mineralization

• Au-Cu skarn deposit associated with the Redline stock. Mineralization occurs within the adjacent Havallah sedimentary rocks and is associated with variable prograde and retrograde metamorphic assemblages
• Disseminated Au-Cu mineralization associated with liberated gold, Fe oxides, chalcopyrite and pyrrhotite widespread over a 1,280m by 640m area.
• Surface oxidation of the system occurs to variable depths

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Exploration Upside

• Additional upside through future exploration
• Outside of the existing block model, exploration upside at the Redline deposit is interpreted to mostly exist at depth, which remains open
• Property-scale exploration potential may exist in the lower plate rocks for Carlin-type mineralization

Notes:

1) Mineral Resources have an effective date of 31 December 2020. Mr. Mohan Srivastava, of RedDot3D inc., is the Qualified Person responsible for the Mineral Resource estimate.

2) Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

3) Mineral Resources are the portion of the Redline North and Redline South deposits that have reasonable prospects for eventual economic extraction by open pit mining method and processed by gold heap leaching.

4) Mineral Resources are constrained oxide and sulfide mineralization inside a conceptual open pit shell. The main parameters for pit shell construction are a gold price of $1,750/oz gold, variable gold recovery for oxide, mixed and sulfide mineralization, open pit mining costs of $1.30/ton, heap leach processing costs of $4.80/ton, general and administrative costs of $0.29/ton processed, pitslope angles of 36° for alluvium and 41°below base of alluvium, and a 6.0% royalty.

5) Mineral Resources are reported above a 0.008 oz/ton gold cut-off grade. This is a marginal cut-off grade that generates sufficient revenue to cover conceptual processing, general and off-site costs given metallurgical recovery and long- range metal prices for gold and silver

6) Units are imperial tons.

7) Numbers have been rounded as required by reporting guidelines and may result in apparent summation differences.

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Permitting

• Permits in place for 50 acres of surface disturbance for exploration
• No known environmental impediments to advancing permitting of an open pit mine

Infrastructure

• Allowance for incoming transmission line and tie-in to the National Grid, on-site substation and emergency generators, as well as for water well field and pumping systems
• Sufficient water rights in place for future mining operations