The High Lake property is located 45km west of Kenora and 150km east of Winipeg, immediately east of the Ontario/Manitoba border.

The property is situated approximately 10km east of the West Hawk Lake property with the Trans Canada Highway passing between them. These two properties could potentially be developed together with multiple mining operations and one processing facility. The geological setting on the High Lake property is consistent with a number of significant gold deposits in the Archean.

The property is underlain by metavolcanic/metasediment rocks that have been intruded by a younger (2.7 Ma years) composite intrusive body (High Lake Intrusive). The age of this intrusive is consistent with other gold mineralizing events in other camps. Two major east-west trending fault structures have created oblique northeast and northwest secondary structures which have been mineralized.

The Purdex Zone on the High Lake property has significant exploration potential and will be the primary target for initial exploration and potentially future mining activities.
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Drilling Update

Commencement of Exploration and Drilling on the High Lake Property  – excellent early results

Completed 32 holes totaling 7,274m of a planned 8 to 10,000m drill program

Assay results received for first 11 holes

Gold mineralization associated with quartz-tourmaline veins at or adjacent porphyry or mafic volcanic contact

Historical Resources Summary

*Non 43-101 Compliant

The resource estimates were calculated down to ~100 metres in the early to late 1980’s and used resource categories that are inconsistent with those set forth by NI 43-101 Standards of Disclosure for Mineral Projects.

The 1983 resource estimates were based upon information from extensive sampling from underground development and diamond drilling. All of the outlined resources are simply classified as “Ore Reserves”

The disclosure as required in NI 43-101 section 2.4 is in the following slide MLM states with equal prominence that (i) a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and (ii) the issuer is not treating the historical estimate as current mineral resources or mineral.

Historical Resource Disclosure

Gold Assays in Drill Holes

Purdex Zone – Section

Purdex Zone has only been tested to a depth of 100m and has significant exploration potential at depth. This zone is currently the priority for future exploration.

Multiple Zones within quartz veins and silicified shear zones adjacent porphyry/mafic volcanic contacts.

Pyrite and chalcopyrite mineralization associated with gold.

Tourmaline, sericite, chlorite and carbonate alteration associated with zones.

Longitudinal Looking North – AU Grade

Archean deposits of similar style show long plunge lengths relative to their strike length indicating good depth potential.

Additional resources at depth and along strike could be developed with further exploration.

Report References

Leary, G.M., 1989: Report on 1988 Drill Program on the Purdex Property, Kenora Mining Division, Ontario for Consolidated Jalna Resources Limited. 237p.

Reedman, J. H., 1987: Report on Trenching, Sampling and Compilation of Drill Data at High Lake, Northwest, Ontario on behalf of Laramide Services Corporation on Mining Claims held by Calnor Resources, 230p.

Purdex Trench

Proposed Work Program

21km of line cutting followed by IP surveying to provide additional data for targeting of holes.

Diamond drilling of approximately 54 holes totaling 8,200m.

Focus will be on the Purdex Zone to establish a compliant resource.

Additional exploration drilling to be completed on the W and P Zone

The West Hawk Lake property is comprised of 23 mining claims totalling 336 hectares. It is held under a Manitoba Mining Lease (ML-018).

The property is located within Southeastern Manitoba, approximately 53km west of Kenora and 130km east of Winnipeg.

Note: approximately 10km from High Lake, potential to be developed together.

The geological setting on the West Hawk Lake property is consistent with a number of significant gold deposits in Ontario. The property is underlain by metavolcanic/metasediment rocks of Archean Age that have been intrudedby a multi phased intrusive complex grading from quartz monzonite to granodiorite/diorite to gabbro on its outer limits (Falcon Lake Intrusive Complex).

Mineralization is associated with either breccia pipes as at Sunbeam and Moonbeam or as shear zones as at Waverly and Sundog. Excellent exploration potential exists for further discoveries on the West Hawk Lake property.

Click here to View our Technical Report

Historical Resources Summary

*Non 43-101 Compliant

The resource estimates were calculated down to ~100 metres in the early to late 1980’s and used resource categories that are inconsistent with those set forth by NI 43-101 Standards of Disclosure for Mineral Projects.

The 1983 resource estimates were based upon information from extensive sampling from underground development and diamond drilling. All of the outlined resources are simply classified as “Ore Reserves”

The disclosure as required in NI 43-101 section 2.4 is in the following slide MLM states with equal prominence that (i) a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and (ii) the issuer is not treating the historical estimate as current mineral resources or mineral.

Historical Resource Exposure

West Hawk Lake

3 shafts located on the property.

Sunbeam inclined shaft to 438 ft with 4 levels established following shallow plunging Sunbeam breccia pipe.

Waverly vertical shaft developed to 500ft with 3 levels established following the Waverly / Letain vein system.

14 shafts are located in the immediate area of the property indicating the potential for future discoveries.

Additional zones are likely to be discovered with additional geophysical surveying, prospecting and diamond drilling.

Historical Mine Workings

Exploration Progress

INITIAL EXPLORATION PROGRAM COMPLETED

Permitting granted October 2021 through Manitoba Parks Department as the property is in a Provincial Park.

Line cutting completed in December 2021 followed by IP surveying completed in January 2022.

Diamond drilling designed to confirm prior historical results and confirm structural continuity, completed in March 2022.

Follow-up drilling of 10,000m to develop Resources at Waverly Raise and Sunbeam as well as further testing along established favourable trends is warranted.

IP and VLF EM Comparison

2022 Drilling Highlights

2022 Drilling Highlights of Waverly Raise Zone:

• MLWH-22-01 intersected two zones, 22.17g/t gold over 1.27m including 49.4g/t gold over 0.55m, and 9.85g/t gold over 1.62m.
• MLWH-22-02 intersected a single zone of 9.88g/t over 1.0m.
• MLWH-22-08 intersected two zones, 19.40g/t gold over 0.64m (Letain C) and 8.62g/t gold over 1.0m (Waverly).
• Drilling expanded the strike length of the zone to 200m and down to over 200m, open to depth and discovery of additional shoots along favourable structural and IP trend.

Past Drilling (2012) Highlights in Waverly Raise Zone:

• CSM WH-12-05 intersected 24.68 g/t over 2.6 m.
• CSM WH-12-07 intersected 19.55 g/t over 1.3 m.

2022 Drilling Highlights of Sunbeam Zone:

• MLWH-22-05 intersected two zones, 3.81/g/t gold over 4.0m and 7.85/g/t gold over 2.0m including 11.30g/t gold over 1.0m. Zone remains open for expansion at depth and discovery of additional breccia pipes.

Waverly Raise Zone – Section

Waverly Raise Zone – Longitudinal Section

The properties are located within Northeastern Ontario, approximately 13 km south of Espanola and 70 km southwest of Sudbury.

The McMillan Property is comprised of 12 mining leases totaling 268 hectares. The Mongowin Property is comprised of 122 mining and 3 patented claims, totaling 2605 hectares. McFarlane Lake acquired 1 claim by staking April 2022.

Gold associated with extensive albitization developed along fault systems – linked to timing of 1700 +/- 2 Ma alkalic magmatism.

Multiple high grade gold occurrences focused along E-W trending House Lake and NE trending Fox Lake fault systems. Extensions of McMillan mine mineralization open at depth and along strike.

McMillan Historical Mining Operation

The property has been explored since 1910, initially with test pitting, followed by shaft and level development commencing in 1927. The shaft reached a depth of 900 feet with development being completed on 7 levels.

Mine production as reported between 1934 and 1937 amounted to approximately 10,591 ounces of gold from 60,139 tons of ore for a recovered grade of 0.176 oz/ton.

Geophysics

Original VLF survey completed by Ingmar Explorations Limited 1985.

Data was re-processed by Superior Exploration using proprietary software.

 A number of high priority targets were identified for ground follow-up and drilling.

Of particular note is anomaly C displaying a continuing of the mine trend to the east beyond current drilling and a strengthening of the anomaly with depth.

McMillan Mine Significant Gold Intercepts

McMillan Mine Photos

McMillan Future Work

Prospecting of the property in the fall of 2022 to follow-up on favorable results from the re-processing of historical VLF survey.

A number of prospective VLF trends to be ground proofed.

Additional geophysical work and drilling of the property is in the planning stage.

Excellent potential for developing resources below and along strike of previously mined zones.

                                   Michaud – Numerous historic shallow gold intersects. Approximately 4000m drilled since 1955,                                                                       last drilled in 1995. Two well-known major fault systems to South and North of property                                                                                     (Destor-porcupine and pipestone faults). Property was family held for 50+ years until recently

                                   Munro – Munro property is part of the prolific Kidd-Munro Lithostratigraphic assemblage within                                                                       the Abitibi Greenstone belt. Ultramafic and Mafic Vocanic rocks which hosted 4 VMS producing                                                                       mines, Kidd Creek mine 80km to the east and Potter, Potterdoal and Hedman mines to the                                                                                 immediate north and south of the property.