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March, 2015

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Location Map

Nunavut, Canada

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Property Map

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Aura Lake

NoTitre Area(ha)

K01191 1045 K01195 1045 K01196 1045

K01198 1045

K01199 1045

K01200 1045

K10896 1045

K10895 1045

K10897 1045

K01192 1045 K01193 1045

K01194 1045

K01197 1045

F94243 1045

F94244 1045

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Table of Contents History of Work Programs

• Geology Maps and Geophysics

• Geology Map slide 9 • Megatem Survey Boundaries slide 10

• Megatem Anomalies slide 11 • Geotem Survey Boundaries slide 12 • Airborne Magnetics slide 13 • EM Conductor Zones slide 14

• 2008 Prospecting and Significant Assays • Location Map of Significant Showings slide 15 • Aura Lake • Dingo slide 16

• VMS Targets & Rationale slide 17 • Exploration Surveys – 2009 VTEM slides 18-21 • VTEM Interpretation slide 22 • 2010 Drill Hole Co-ordinates Based on VTEM slide 23

• Claim Map slide 3

• IP Survey and Grid slide 24 • IP Interpretation slide 25

• Location Map slide 2

• Table of Contents slide 4-5 • History slides 6-8

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Table of Contents (continued)

• Actlabs Spatiotemporal Geochemical Hydrocarbons slide 33

• Greyhound Gold Drill Targets slide 29

• Drill Rationale slide 32

• Greyhound Silver Drill Targets slide 30

• Past Performance of Actlabs Technology slide 36

• Aura Silver Primary Drill Targets

• Aura Lake & Dingo slide 31

Appendix

• Notes on SGH slide 34

• A Model for Actlabs SGH/OSG slide 35

• Extensive Gold and Arsenic in Soil Samples slide 26 • Glacial Transport of Gold & Silver Anomalies slide 27 • 2011 Diamond Drill Holes slide 28

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Early Prospecting and Airborne Surveys

Exploration Programs

HISTORICAL (Golden Hart Exploration) • 1998 prospecting of iron formation - discovery of high-grade silver SW side of Aura L. 2006-2008 (Aura Silver & Intrepid Minerals) • 2006; Fugro Airborne MEGATEM® (1,123line km), report, March 2007 • 2006; prospecting by Ken Reading (on foot) on behalf of Intrepid Minerals (“IAU”) • 2007; 3-week prospecting party in 2007 by IAU; IAU drops option on property • 2008; Fugro Airborne GEOTEM ® (2,324line km) across new claims; report Dec. 2008 • 2008; 10-day prospecting by Aura Silver; discovery of high-grade base metals & gold • 2008; Lithogeochemical Study – J.M. Franklin, PhD.

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Continued, focus on VMS

2009 (100% Aura Silver) • 2009; Grid Soil Sampling, Prospecting; heli support; geology reporting • 2009; Airborne Geotech Ltd. heli-VTEM (857line km) to define drill targets • 2009; Interpretation for VMS Exploration by L. Reed, professional geophysicist • 2009; Budgets, Permitting, Contracts for 2010 Drilling

2010 • 2010; VMS Compilation by J.M. Franklin as “Mineral Potential Report” • Golder Archeological Survey • Diamond Drill Tests of conductors for VMS • Detailed soil sampling over Aura Lake grid • Abitibi Geophysics; I.P. Survey • LE Reed Geophysical Consultants; interpretation of I.P.

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Diamond Drilling – Aura Lake

2011-12 (focus on Gold/Silver) • Diamond Drill Tests of I.P. Targets Aura Lake area

• Shift focus to precious metal targets over NE claims (not part of Agnico option)

• 2012 Actlabs Organic SGH - Confirms Drill Targets at Aura Lake

• 2012 Follow-Up OSG Interpretation for Aura Lake

• 2012 SGH on Dingo Occurrence

Continued, focus on Precious Metals

2014 • Option Agreement with Agnico Eagle

• Diamond Drilling of 7-holes to test structural targets

• 328 Surface (soil) samples analyzed

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Half Way Hills & Whitehills Lake Area J.M. Franklin, after Zaleski & Pehrsson, 2005

GSC Geology Map

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Airborne MEGATEM

Sept. 2006

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Megatem Anomalies

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Airborne GEOTEM July 2008

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Airborne Magnetics

Potential Targets

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EM Conductive Zones

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2008 Prospecting

7% Zn, 0.9% Pb, 0.27%Cu, 2700 g/t Ag

28 g/t Au

Au zone; 0.72 g/t

18.5% Zn, 9.2%Cu

8.1% Pb, 22.9 g/t Ag

Zn anomalies; 0.3%Zn, 3.3 g/t Au, 178 g/t

Ag

1.9% Zn, 6.0%Pb, 3.8g/t Au

Dingo

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Area Au (g/t) Ag (g/t) E Aura L 11.6 20.6 E Aura L 28.0 27.0 E Aura L 28.2 62.9 S Aura L 34.2 W Aura L - 2,700.0 W Aura L - 1,632.0 W Aura L - 3,080.0 SE Aura L - 5,380.0 S Aura L 4.27 S Aura L 7.62 S Aura L 6.57 S Aura L 4.69 S Aura L 14.9 Dingo 7.44 96.6 Dingo 9.10 4.4 Dingo 7.23 10.2

Significant Rock Assays & Locations Aura Lake

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Dingo

Significant Rock Assays & Locations

Sample Au (g/t) Ag (g/t) AA03 9.1 4.6 G0650994 7.4 96.6 98-AA-04 7.2 10.2 JS11-43 1.2 20.8 JS11-44 (copper zone) 0.9 47.6 JS-11-45 (ext. copper zone) 0.1 2.8 JS-11-46 0.8 9.8 G0650994 0.1 9.6

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VMS Target(s) 18.5% Zn, 9.2% Cu

Sodium (Na20) depletion in footwall volcanics Manganese (MnO) enrichment, (Mn intensity

provides a vector to VMS discharge centres) Potassium (K2O) enriched in footwall sequence

(indicator of proximity to stringer zones) Zn:Pb ratio of approximately 8:1 Silver (Ag) rich Exhalite units locally enriched in Ag, Zn,

Thallium Europium + MnO (all indicators of massive sulphide production)

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Rationale

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2009 VTEM

• Airborne VTEM survey to define drill targets in lieu of ground EM • Two blocks were flown; a North Block N_S lines and a South Block E_W lines

Exploration Surveys

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Interpretation of VTEM/Magnetics L.E. Reed Geophysical Consultant Inc.

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Hole Easting Northing

G-10-01 627,845 7,169,810

G-10-02 627,533 7,170,082

G-10-03 627,240 7,170,205

G-10-04 628,103 7,169,324

G-10-05 628,091 7,170,696

G-10-06 628,190 7,170,792

G-10-07 627,990 7,171,028

G-10-08 627,968 7,171,242

G-10-09 627,276 7,169,592

G-10-10 627,455 7,169,584

G-10-11 627,455 7,169,584

G-10-12 627,830 7,169,215

G-10-13 628,080 7,171,393

G-10-14 628,094 7,169,245

G-10-15 624,692 7,173,980

G-10-16 628,358 7,171,426

G-10-17 627,665 7,169,024

G-10-18 627,665 7,169,024

2010 DDH Co-ordinates Based on VTEM Anomalies

2010 Drill Holes

2348 metres

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I.P. Survey and Grid**

** I.P. Lines in Red During the month of October, 2010 a total of 17.1 km of IP (dipole-dipole; a = 25, n = 1 to 8) surveying was carried out by Abitibi Geophysics, Val d’Or, Quebec. Not completed due to bad weather

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I.P. Survey Chargeability (mV/V) & Resistivity (Ohm-m) at a Depth of 40m (mV/V)

L.E. Reed Geophysical Consultant Inc.

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Extensive Gold & Arsenic in Soil Samples

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Glacial Transport of Gold & Silver Showings (NE to SW Trend)

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2011 Diamond Drill Holes

Hole UTM East UTM North

G-11-19 627830 7169170

G-11-20 627961 7169120

G-11-21 627728 7169252

G-11-24 626236 7167871

G-11-21B 627728 7169250

G-11-27 627948 7168782

G-11-28 628002 7168737

G-11-29 628164 7168836

G-11-30 628107 7168968

G-11-31 628365 7172260

G-11-34 628169 7168727

G-11- 35 626179 7168311

G-11-36 626634 7168389

G-11-37 625869 7169254

G-11-38 628042 7169254

G-11-39a 628365 7169024

Aura Lake – I.P. Targets

2648 metres

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Greyhound Gold Target Near Aura Lake

Both SGH and OSG illustrate nested-halo anomalies that have outstanding symmetry and a confidence rating of 6.0 out of 6.0 the highest rating ever recorded by Actlabs

Plan View SGH “Gold Pathfinder” Class Map

VTEM

Drill Target

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Greyhound Silver Drill Targets

Plan View Organic SGH “Silver Pathfinder” Class Map (two identifiable and strong nested-halo anomalies)

silver

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Gold UTM 628280E, 7169630N UTM 627650E, 7168565N Silver UTM 628210E, 7168565N UTM 627650E, 7168565N

Aura Lake

Dingo

Gold UTM 630970E, 7173300N Copper UTM 6310000E, 712250N

Aura Silver Primary Drill Targets

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• Confirmed surface samples were transported glacially from NE to SW

• One Shallow Gold Zone Discovered to the East of Aura Lake by SGH

• A shallow Silver Zone and one deep silver zone discovered to the East and SE of Aura Lake

• Actlabs ranks the quality of the SGH and OSG results at Greyhound as the very best in terms of probability of the existence of a resource

• None of these targets have been drilled

Drill Rationale

The Problem – Targets?

The Key - Actlabs

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ORGANIC PREDICTIVE GEOCHEMISTRY*

APPENDIX

REDOX -Cell Model by Dr. Stewart Hamilton

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* Spatiotemporal Geochemical Hydrocarbons (SGH);

Organo Sulphur Geochemistry (OSG)

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Notes on Spatiotemporal Geochemical Hydrocarbons

Measures 162 or more organic NON GASEOUS hydrocarbon compounds that have been synthesized by bacteria feeding on mineral targets (such as gold and silver) In the death phase of these bacteria, cell membranes break down and release hydrocarbons. The hydrocarbons are then diffused through the overburden to the surface where they are deposited in surface soils vertically above the mineral resource. Au and Ag (as well as other minerals) have their own pathfinder templates of bacterial hydrocarbons. Each group/class moves at different rates and distances from the mineral source and multiple classes are used to vector in on the centre of a Redox Cell

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Apical Model

Nested Rabbit Ear

SGH Combined

Class Model

Rabbit Ear

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A Model for Actlabs SGH and OSG Hydrocarbon Studies

3D-SGH – Multiple Classes

In 3D Space this model of the SGH response is illustrated here as a combination of Hydrocarbon Class flow pathways

Ore Body

Microbe/Bacterial Activity

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Advanced determination of a variety of mineralizations

(1) Canadian Mining Industry Research Organization Studies

• CAMIRO-97- ten blind studies where Organic SGH discovered 9 of 10 while inorganic studies identified only 3 of 10

• CAMIRO-01- identified kimberlites and Olympic Dam deposits

• CAMIRO-08 – Superior technique in identifying uncomformity uranium deposits at Cameco’s Cigar Lake and Maclean Lake properties

• Actlabs has ranked the SGH and OSG Greyhound results with their highest rating

** Study participants:BHP, Cameco, Noranda, Inco, Outokumpu, Rio Algom, Barrick Gold, Newmont, Anglo-American, WMC, Xstrata among others

(2) 2010 Mt. Milligan Study for Geoscience BC – Actlabs SGH was only geochemical method out of over 20 tests that correctly identified the location of the deposit

(3) From 1997 to the present, Actlabs has tested more than a thousand sample data bases for properties using their organic geochemistry with a high success rate

Past Performance of Actlabs Technology

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