BWR Exploration

within 3 km of the Ontario border and is 72 km northeast of Red Sucker Lake, the closest Indigenous community. The West Zone, the focus of historic exploration activity, is situated on the southwest shore of Little Stull Lake and is contained within the staked claims. The twenty staked claims remain in good standing until 2025, there is a plethora of geotechnical information filed on the claims, available from the Provinical Government Ministry of Growth Enterprise and Trade. Westmin Resources Inc. (“Westmin”) initially staked the claims in the 1980’s, Tanqueray Resources (“Tanqueray”), Westmin’s joint venture partner, acquired them outright in 2003, and then Puma Exploration Inc. acquired 100% interest in the staked claims in 2010. Tanqueray and Puma each retain 1% NSR royalties.

Gold exploration and development project

In early 2012 (amended in March 2013), BWR and Hage Corporate Services Inc. (“Hage”) entered into an agreement whereby BWR acquired from Hage, a 59.8% interest in 20 contiguous crown patent claims comprising 314.43 hectares, located in Cunningham Township, Porcupine Mining Division, Province of Ontario. Initial exploration work by BWR was planned and took place during the summer and fall of 2013. This  work included the preparation of an initial NI 43-101 compliant report that was commissioned in early May 2013, the Company engaged MPH Consulting Limited (“MPH”) of Toronto, Ontario. A 1.5% Net Smelter Royalty is retained by Hage on the terms and conditions as outlined in a previous agreement of which 0.5% shall be reserved for Rally Energy Ltd. (“Rally”), the owner of the 35.3% of the Shunsby Property, in the event of a dilution of interest by Rally as anticipated to be provided for in an agreement to be settled in the future between BWR and Rally and, with respect to the remaining 1.0

In August 2015, the Company acquired 100% in 49 map designated cells (“claims”) in Fiedmont township within the Abitibi region of Quebec, located approximately 45 kilometers north of the town of Val-D’Or, near the town of Barraute that is located 3 kilometers east of the northern limits of the property.