MAGINO PROJECT

Drill Results – Reported March 3, 2020

Hole Azimuth Dip From (meters)

To (meters)

Length (m) Grade (Au g/t) Estimated True Width

(meters)

MA19-013 186.5 -55 302.70 310.00 7.30 3.25 5.48 and 317.00 330.00 13.00 3.84 9.75

including 320.00 330.00 10.00 4.53 7.50 including 320.00 329.00 9.00 4.81 6.75 including 320.00 323.00 3.00 7.83 2.25 including 327.00 330.00 3.00 6.73 2.25 including 328.00 329.00 1.00 17.20 0.75

and 421.00 436.00 15.00 2.76 11.25 including 425.10 433.50 8.40 4.09 6.30 including 422.80 429.40 6.60 4.59 4.95 including 425.10 429.40 4.30 6.23 3.23 including 426.00 429.40 3.40 6.71 2.55 including 426.00 427.00 1.00 11.80 0.75

MA19-014 157.3 -62.3 166.00 169.00 3.00 1.11 2.25

including 166.00 168.00 2.00 1.54 1.50 including 166.00 167.00 1.00 2.34 0.75

and 388.00 390.00 2.00 2.99 1.50 and 439.00 441.10 2.00 5.41 1.50

including 440.10 441.10 1.00 10.96 0.75 including 440.60 441.10 0.50 20.40 0.38

MA19-015 159.1 -79.2 316.00 318.00 2.00 3.64 1.00

including 316.00 316.70 0.70 8.58 0.35 and 355.00 357.00 2.00 1.75 1.00

including 356.00 357.00 1.00 2.18 0.50 and 379.00 382.00 3.00 2.66 1.50

including 380.00 382.00 2.00 3.39 1.00 including 381.00 382.00 1.00 5.26 0.50

and 551.00 554.00 3.00 1.96 2.25 including 552.00 554.00 2.00 2.93 1.50 including 552.00 553.00 1.00 5.85 0.75

and 575.00 577.00 2.00 8.52 1.50 including 576.00 577.00 1.00 9.90 0.75

and 620.00 622.00 2.00 4.00 1.50 including 620.75 622.00 1.25 5.69 0.94

MA19-016 185.4 -62.0 292.00 301.00 9.00 3.71 6.75

including 292.00 293.00 1.00 18.50 0.75

MAGINO PROJECT

Drill Results – Reported March 3, 2020

including 301.00 301.00 1.00 13.30 0.75 and 355.00 374.00 19.00 7.39 14.25

including 360.00 374.00 14.00 9.63 10.50 including 360.00 372.00 12.00 10.96 9.00 including 360.00 371.00 11.00 11.68 8.25 including 364.00 371.00 7.00 15.54 5.25

and 439.30 441.50 2.25 5.47 1.69 including 439.30 440.50 1.30 8.23 0.98

MA19-017 170.1 -61.2 674.00 676.30 2.30 3.03 1.61

including 675.05 676.30 1.25 5.41 0.88 including 674.00 675.55 1.55 3.28 1.09 including 675.05 675.55 0.50 10.40 0.35

and 1127.35 1127.85 0.50 2.35 0.38 and 1141.00 1145.50 4.50 6.62 3.38

including 1142.00 1142.50 0.50 57.20 0.38

MA19-018 349.6 -75.2 781.00 784.85 3.85 4.14 2.50 including 781.00 784.00 3.00 4.90 1.95 including 782.00 784.00 2.00 5.96 1.30 including 782.00 783.00 1.00 8.16 0.65

and 984.00 1012.20 28.20 3.27 21.15 including 984.00 986.00 2.00 17.26 1.50 including 985.00 986.00 1.00 30.80 0.75

and 995.00 996.00 1.00 8.45 0.75 and 1011.20 1012.20 1.00 46.70 0.75

MA19-019 351.8 -71.5 695.00 696.00 1.00 2.34 0.70 and 879.00 880.00 1.00 8.95 0.70

Remaining Assays Still Pending

MA19-020 172.8 -70.1 786.00 788.00 2.00 3.84 1.50 including 786.00 787.00 1.00 7.43 0.75

and 812.00 814.10 2.10 4.76 1.58 including 812.00 813.00 1.00 7.12 0.75

and 831.00 844.00 13.00 5.37 9.75 including 833.00 839.00 6.00 10.79 4.50 including 833.00 837.00 4.00 15.66 3.00 including 834.05 837.00 2.95 21.07 2.21

2019/2020 DRILL PROGRAM UPDATEMAGINO PROJECT, Ontario Canada

March 1, 2020

NAD83 ZONE 16N (1:8,500 SCALE)

represents Longitudinal Section LineA1 to A2

LEGEND

Interpreted Structural Gold Zone

0m 250m 500m125m

MAGINO RESOURCEAPPROXIMATE OUTLINEOF 2.0 g/t Au PROJECTEDTO SURFACE

VERTICALLY PROJECTEDRESOURCE BLOCKS>5.0 g/t Au

AlamosProperty

ArgonautProperty

A1

A2

MA19-005

MA19-004MA19-014

MA19-006MA19-012

MA19-007MA19-009MA19-011MA19-013

MA19-002MA19-008

MA19-003MA19-010

MA19-017

MA19-015

MA19-018

MA19-016

MA19-019

MA19-020

MA20-022MA20-024

MA19-001

MA20-021

MA20-023

LONGITUDINAL SECTION - Looking NorthMAGINO PROJECT, Ontario CanadaMarch 3, 2020

A1 A2LONGITUDINAL SECTION - Looking NorthVe

rtic

al D

epth

Fro

m S

urfa

ce *

Proj

ectio

n =

82.0

Deg

rees

Nor

th +

/- 50

m

MA19-0041.5m @ 14.49* g/t Au (E.T.W.)

MA19-0095.0m @ 9.47 g/t Au

MA19-0094.1m @ 9.64 g/t Au

MA19-0075.0m @ 6.99* g/t Au

MA19-0075.0m @ 5.54* g/t Au

MA19-0041.9m @ 8.10* g/t Au (E.T.W.)

MA19-0112.0m @ 8.39* g/t Au

MA19-012 18.1m @ 8.28* g/t Au

MA19-01611.0m @ 11.68 g/t Au2.25m @ 5.47 g/t Au

CENTRAL ZONE

MA20-0206.0m @ 10.79 g/t Au

MA19-01310.0m @ 4.53 g/t Auincluding 9.0m @4.81 g/t Au

0m 300m

LEGEND

10.0 to 25.0 g/t Au

> 25.0 g/t Au

Recent intercept

Drill Hole Intercepts

Higher Grade Zones(shoots)

Projection = 82.0 Degrees North +/- 50m

Estimated True WidthE.T.W.Metallic screen fire assay(improved intersection grade)

5.54*

0m

49m

245m

440m

638m

P-51MUSTANG

ZONE

MAGINOWEST ZONEEXTENSIONMCCARTHY-WEBB

IRON RANGE

LOVELLLAKEZONE

LOCHALSH ZONE

ISLAND GOLDMINE

NO.3 ZONE

21 ZONE

P&P 2.14 Moz AuM&I 4.20 Moz Au

MA11-2062.0m @ 2.93 g/t Au

MA11-1882.0m @ 20.88 g/t Au

8.76 g/t Au

5.08 g/t Au

10.5 g/t Au 3.0 g/t Au

368 g/t Au121 g/t Au

7.67 g/t Au5.36 g/t Au

30.6 g/t Au

89.8 g/t Au

2020 EXPLORATION TARGETSMAGINO PROJECT, Ontario Canada

March 3, 2020

LEGEND