July 18, 2017

Report #2Barite, Zinc, Copper, Lead, Gold, Silver, Zeolite and Pozzolan Cement in British Columbia, Canada

Barite concentrate from Surprise Creek in BC exceeds API standards for oil and gas drillingToday, Mountain Boy Minerals Ltd.(“MTB”) reported significant metal-lurgical test results on the massive sulphide-barite mineralization in core from last year’s drilled hole DDH-SC-2016-2 (18.94 m @ 46.73% barite, 1.21% zinc, 0.31% copper, 0.12 g/t gold, 28 g/t silver and 0.03% lead; the full width of the zone was not intersected as drilling was terminated due to bad weather and freezing of the water source).

The produced barite concentrate “far exceeds API (American Petroleum Institute) Standards” for use in the oil and gas industry. Initial tests indicate high-grade concentrates (at high recoveries): • 91.6% BaSO4 (at 83.2% recovery)• 53.8% zinc (89.1%)• 26.2% copper (70.5%)

Rene Bernard, Chairman of MTB, commented in today’s press-release:

“We knew that we have potential for a large resource of Barite at Surprise Creek but were unsure about recovery and quality of the final product. We are absolutely delighted to have these great results on our first attempt. After all we are talking about a mineral which according

to the 2016 USGS report on Barite sells for an average of $198 f.o.b. mill with industry relying on imports for 78% of its needs. With this knowledge in hand we can now promote our location within short trucking distance to deep water port, infrastructure, metal credits and proximity to key markets to attract industry partnerships.

Our goal is to have a 43-101 industrial mineral resource later this year after all drilling is completed.”

Considering these excellent metallurgical test results and the potential for extensive barite zones at or near surface at the Ataman Zone on the Surprise Creek Property in the “Golden Triangle” area of British Columbia, it becomes clear that MTB now sees itself in a position to attract strategic industry partners to bring the project to the next level.

As the Ataman Zone is only one exposure of a number of VMS zones located on the property, MTB’s work during 2017 will explore and define other sulphide, sulphide-barite zones as well as barite veins. See Initiating Coverage for further information on MTB’s projects and management team with considerable “skin in the game”.

Company Details

Mountain Boy Minerals Ltd.426 King StreetStewart, B.C. V0T-1W0 CanadaPhone: +1 250 636 2264Email: gary@mountainboy.com www.mountainboyminerals.ca

Shares Issued & Outstanding: 138,937,982

Canadian Symbol (TSX.V): MTBCurrent Price: $0.07 CAD (07/17/2017)Market Capitalization: $10 Million CAD

German Symbol / WKN: M9U / 728492 Current Price: €0.015 EUR (07/17/2017)Market Capitalization: €2 Million EUR

Chart Canada (TSX.V)

Chart Germany (Frankfurt)

In the oil and gas industry, barite is heavily used as a weighing agent in drilling fluids/muds; picture shows close-up on drilling fluids bouncing off the shale shaker of a drill rig. (Source)

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he metallurgical testing used drill core from the Ataman Zone, a mineralized system that has

been traced over 1,200 m of strike length. Along the northeastern end of the exposure, it is 650 m wide by 600 m in height.

The initial metallurgical work was done by SGS Laboratory in BC. The work included flotation methods to recover the copper and zinc minerals and subse-quent flotation of the tailing to deter-mine barite recovery as well as purity. The concentrate from the barite flotation was then sent by SGS to Ana-Lab in Texas to determine the levels of any impurities that may hinder use as in oilfield drilling.

After successfully separating copper and zinc sulphides with good recovery, the barite was floated with excellent recov-ery rates. SGS recovered a copper grade of 26.2% at 70.5% recovery and a zinc grade 53.8% at 89.1% recovery in the open cycle batch test. The lab estimated that the recovery should be higher for both copper and zinc in a closed circuit test. Further testing on copper and zinc recoveries will be carried out on 2017 drill core. Gold and silver metals are mostly contained within the copper concentrate.

The initial flotation results on the tails from the sulphide flotation tests indicate a product with 91.6% BaSO4 at 83.2% recovery. This was an open circuit test, and there was 10.8% barite in the inter-mediate product from the sulphide tests. SGS estimated that the final recovery should be higher than 83.2% (should be close to 90%) but this can only be confirmed by locked cycle test in future. The SGS test results will be posted on the website upon receipt of the final report.

Surface work in 2016 on a 25 m wide barite zone, located 120 m west of DDH-2016-SC-2, yielded high barite values along with significant base metal values. See map on the right showing this sampling.

The surface work also indicated barite zones extending to the mountain top. In addition to a main barite zone, numerous shears contain barite and sulphides.

TReport #2 | Mountain Boy Minerals Ltd.TSX.V: MTB; US: MBYMF; Frankfurt: M9U

Barite Criteria API StandardsSurprise Creek

Results

Specific Gravity Min. 4.2 g/cm3 4.24 g/cm3Barite Content Min. 90% 91.60%Water Soluble Alkaline Metals as Calcium

Max. 250 ppm 31.72 ppm

Extractable Carbonates Max. 300 ppm 13.16 ppmMercury Max. 1 ppm 0.15 ppmCadmium Max. 3 ppm 1.37 ppmLead Max. 1000 ppm 33.7 ppmArsenic Max. 40 ppm 4.38 ppmExtractable Sulphides Max. 250 ppm 4.71 ppmSource: Mountain Boy Minerals Corp. press-release July 18, 2017

“Drilling grade bariteis produced from commercial barium sulfate-containing ores. It may be produced from a single ore or a blend of ores and may be a straight-mined product or proces-sed by beneficia-tion methods, i.e. washing, tabling, jigging, or flotation.“ (Source: API)

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Red Cliff Project: Drill Results Pending

On July 5, MTB announced to have inter-sected visible gold in the third hole (see pictures on the right) of an ongoing drill program at the Red Cliff Property in the “Golden Triangle“ of BC. MTB formed a joint venture with Decade Resources Ltd. (TSX.V: DEC; market capitalization: $12 million CAD) with MTB owning 35% and Decade the remaining 65%. Since July 5, Decade has traded some 12 million sha-res, currently at $0.12 CAD (+71% in last 9 trading days). Considering that MTB owns 35% of Decade‘s flagship Red Cliff Project, the upcoming drill results may also have a substantiated impact on MTB.

According to the July 5 news:

“As a result, all holes on the Montrose were continued past areas where previ-ous drilling would have been terminated. All three holes completed on the Mon-trose zone contain visible gold at depths deeper than expected. The 3 holes have tested a zone up to 150 m in vertical height in an area that had not been tested previously. The latest hole inter-sected almost 100 m of weakly sheared and brecciated intrusive with mineral zonation occurring from 150 to 250 m in depth. Along the upper intersection, weak disseminated pyrite is present with local quartz-amethyst-galena-sphalerite-chal-copyrite-pyrite stringers in zones up to 5 m. At 163 m core length, fine visible gold is noted in galena-sphalerite stringers. From the top mineralized zone, short galena-sphalerite sections are noted to 218 m where the hole intersects a 18 m section of quartz-amethyst-galena-spha-lerite-chalcopyrite-pyrite stringers. At 227 and 229 m, visible gold is noted within the galena-sphalerite veinlets. At the termination of the galena-sphalerite veinlets, chalcopyrite-pyrite veining is present along the bottom chill margin of the intrusive as well as the baked contact of the red tuff. The chalcopyrite-pyrite veining is present over a 10 m length. True width of the intrusive appears to be at least 70 m in DDH-Mon-17-3. Photos of the gold bearing galena stringers as well as chalcopyrite-pyrite stringers are inclu-ded below. On the Red Cliff zone, located 900 m south of the Montrose drilling, the

Company has completed 3 holes. The holes contain a 5-6 m wide mineralized

zone with strong chalcopyrite-pyrite wit-hin quartz veins and silicified intrusive.“

Report #2 | Mountain Boy Minerals Ltd.TSX.V: MTB; US: MBYMF; Frankfurt: M9U

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Portfolio Project Update

On July 6, MTB provided an update on its “Golden Triangle“ projects and noted that the company will be actively exploring a number of its BC properties with the focus on the “Golden Triangle“ holdings, with the following projects being explo-red in the 2017 program:

“Zeolite Property

Mr. Kruchkowski reports that the com-pany is currently engaged in a respectful consultation and accommodation pro-cess with local First Nations represented by the Lower Similkameen Indian Band. After an initial “Preliminary Environmen-tal Assessment“ (P.E.A.) review conducted by the Lower Similkameen Indian Band , the company has now asked for and received a cost estimate for required field studies, project coordination and meet with Chief and Council .Field studies will start once scheduling can be arranged. In describing the “Manual Creek Tuffs“ Mr. Neil Church, Ph.D., P.Eng identified an area measuring approx. 5 square km along a 5 km long belt with zeolitic beds ranging up to 10m in thickness. Here he estimated that the amount of tuff sub cropping the glacial till is estimated to be about 5MM tones in an area of only 20 hectares. From his calculation and sampling statistics the accessible zeolitized tuff is estimated at 4MM tones and the calculated clinoptilolite bearing tuff at 3MM tones (Assessment Report 26889). The Company has not verified this data and it is being used for refe-rence purposes.

Mr. Bernard, the company‘s Chairman states: “We are delighted to hear cons-tant news about the growing import-ance of Zeolite in a host of applications, ranging from farming (including hydro-ponic), animal feeds, environmental remediation to name a few. The “Manual Creek“ zeolites offer significant deposits to supply these markets for years to come from a strategic location with excellent infrastructure close to the U.S. border and rail connection in Oroville, WA. We are looking forward to work with the Lower Similkameen Indian Band and local First Nations seeking their approval to develop these resources for our mutual benefit“.

Red Cliff

The Company is exploring the property in joint venture with its partner. A drill program is underway and results were announced in news releases on June 20 and July 5, 2017.

The Phase I drilling is continuing on the both the Red Cliff and Montrose zones. Metallurgical work is also being conducted on core from DDH-MON-12-62 in order to obtain possible recovery methods.

Surprise Creek/BA Properties

Metallurgical testing continues on core from DDH-SC-2 to provide details on possible metal recoveries with emphasis on barite recovery and purity. The Com-pany plans to formulate an exploration program once snow conditions allow.“

Report #2 | Mountain Boy Minerals Ltd.TSX.V: MTB; US: MBYMF; Frankfurt: M9U

Pictures on this page show the historic Red Cliff Mine workings; Above: View looking west at drill access trail near the Red Cliff Zone; Below: View looking north at drill access trails from the area of the Red Cliff workings.

Isabel: This week I would like tointroduce the new Chairman ofMountain Boy Minerals, René Bernard.Hi René, it is a pleasure to talk to youagain and congratulations on becomingChairman.Tellusa littlebitaboutyourbackground,andthedecisionforyoutobecome Chairman of Mountain BoyMinerals?

René: Thank you Isabel, it is always apleasuretotalktoyou.Severalyearsago, Iresearched a number of junior explorationcompanies to invest in. I came acrossMountain Boy Minerals and was attractedby their 20% carried interest in theSilvercoinproperty,a43.101resourcenextto a mature mining camp, and theirownershipinseveralotherpropertieswithhigh grade gold and silver mineralization.Aftermyinitialinvestment,Istartedtalkingtomanagementandhadanopportunity tovisit the properties. As my share positiongrew over time I offered the companyexperienceIhadgainedasC.E.O,President,andDirectorofseveral listedcompanies inthemineralresourcesector.WhenIagreedtobeadirector,Iwasaskedbytheboardtobe Chair and to actively help with theirvision to advance the company’s miningassets.

Isabel: Mountain Boy Minerals projectsare all in British Columbia. Could yougivealittleoverviewofyourproperties?

René: Ed, our President and CEO, hasworkedasageologistintheGoldenTriangleofNorthWesternB.C.fordecades.Thishasallowed him to acquire over time some ofthe most promising properties. All of ourproperties, from the gold rich Silver Coinand RedCliffclaimblockstotheMBSilver,which hosts Bonanza-grade silvermineralization, tothetwolargeVMSzonespresent on the BA and Surprise Creekproperties, have the potential to beoperatingmines.Nottotakeawayfromourpreciousandbasemetalassets,wealsoVindindustrial metals in our properties whichcould be proVitably mined due to theproximityofroads,powerandadeepwaterportwithin30to40km.Earlierthisyear,weacquiredaZeolitepropertyinSouthernB.C.which is also close to the markets thismineraltargetsforitsuse.

Isabel:Whathavebeenthehighlightssofar?

René:Therearemany,butwhatcomestomindisthe43.101reportontheSilverCoinshowing a large gold resource, ourcontinued success in drilling into highgradegoldmineralizationatRedCliff,andour recentacquisitionof the50% interestintheBAandSurpriseCreekproperties.

Isabel:CobaltandLithiumhaveagainedalotofattentionwithinthelastyearorso.MTB owns properties with theinteresting commodities Barite andZeolite.Couldyouexplaintothereaderswhat these two (maybe not so wellknown) commodities are used for andshed some light on why they areinteresting?

René: There would be no oil and gasexploration as we know it todaywithoutBarite. It isaheavynon-metalmineral which is used as a weighingagent in drilling Vluids to controlpressure.Therearenorealalternativestotheuseofthismineral.Itisdeemedacriticalmineral as there is not enoughlocal supply to meet demand. As perUSGS, 78% of the North Americandemand was met through imports in2016 mostly from China, India andMorocco.TheUSGSquotestheaveragevalue per ton as $198 f.o.b.mill. OursituationisuniqueinthatweidentiViedpotentiallytensofmillionsoftonsofbaritewithinalargeVMSsystem.TheembeddedbaritezonesalsocarrysigniVicantbaseandprecious metal values as observed bysurface sampling and drilling which addsvalueintheprocessingstage.Thepropertyiswithin8kmofaB.C.Hydrotransmissionline and within 30 minutes truckingdistancetothedeepwaterportofStewart.At our zeolite property we have largezeolite beds with similar favourableinfrastructure.Zeoliteiscalledthemineral

InterviewingRené Bernard

Mountain Boy Minerals Trading Symbol: TSX:V : MTB

BioRene Bernard is currently the managing shareholder of W&S Bernard Investments Ltd., a privately owned residential and commercial real estate holding company. He has been actively involved in business building from the time he immigrated from Germany to Canada in 1983.He has previous experience as a partner or owner in the real estate, hospitality, retail and manufacturing industry. Since the late 1990s, he has been involved in the managementof several publicly traded companies as Director, Chairman of the Board, President and CFO. Bernard residesin Kelowna, BC. His current employer W&S Bernard Investment is a large shareholder of Mountain Boy Minerals and, together with other members, the family owns approximately 19.2% of the company’s outstanding shares. On May 16, 2017, Rene Bernard was appointed Executive Chairman.

Fun facts My hobbies: Golf, spending time with my three young daughters and I have a soft spot for volunteering

Source of news I use: Internet extensively for research, National Post, Globe and magazines such as the Economist etc.

My favourite airport: The airport in “San Jose” probably tops my list as it is my gateway to our winter house . I also like the Munich and Vancouver Airports for their smaller size and ambience

My favourite commodity: I like Platinum

My favourite tradeshow: My favorite Tradeshow is the “AME” conference in Vancouver

With this person I would like to have dinner with: Phil Mickelson and Dave Hodge from Zimtu

If I could have a superpower if would be: The ability to see the minerals through the rocks which host them *lol*

Interviewing René Bernard - Mountain Boy Minerals page 1

Interview from the 24th of June 2017

InterviewingRené Bernard

Mountain Boy Minerals Trading Symbol: TSX:V: MTB

Interviewing René Bernard - Mountain Boy Minerals page 2

political statementtheymade.Isabel: Keeping

of a thousand uses. You will see itsapplication in agriculture, waterViltration, municipal waste watert rea tmen t , o i l sp i l l and so i lremediation,andmuchmore.

Isabel: What is your strategy andyour next steps with the twoprojects? Maybe relating to howmucheasieritistoproducetheseincomparison to gold, and how thatcouldhelptomakerevenue–whichcould be used for developing theotherprojects?

René:OntheBariteproject,weneedtoestablish a 43.101 resource throughsystematicdrilling.Wehavesubmittedore to an analytical lab to showmetalrecovery and barite speciVicationthrough gravity and V lotat iontreatment. Later in the year we willhavetoperformlargerscaleoretestingtoshowthattheprocesswillworkinalarge operation. We will soon seek toengage industry partners in thisexciting discovery. At the zeoliteproperty we are in the process ofconducting several studies which willhelp us to get the support of theprovincial government and local FirstNations stakeholders in applying for aquarry license in the future. We willalso need to block out signiVicantvolumesthroughdrillingandtrenchingand summit samples for testing. Theidea has been Vloating within thecompanytoengageanengineeringVirmto test for processes to create a slowrelease fertilizer. A value-addedproduct like thiscouldbemarketed inlargequantitiesandaddgreatvalueforthecompany.

Isabel: What is the most exciting

thing happening right now atMountainBoy?

René:OurcurrentdrillprogramontheRed Cliff property,which has started acoupleofweeksago,andgettingreadytodoworkonthe“Ataman”zone,a600meterwideVMSsystemwediscoveredrecentlyontheSurpriseCreekproperty.

Isabel: What are the plans for therestof2017?

Renè: To do good work in advancingour properties with a focus on nearproduction opportunities. On thecorporate side, we will focusonshowingourshareholdersandpotentialshareholders the value we see in ourdifferent properties.Wewill reach outtotheminingandpetroleumindustrytoattractpotentialequitypartners.Thesepartners would offer more to us thanjust money; their experience withcommoditiessuchasgold,silver,zinc,aswell as barite and zeolite, and how tomine them and bring them tomarket.T h e c o m p a n y w i l l b e i nearlyconsultation with provincial andl o c a l g o v e r n m e n t a n d t h erepresentatives of First Nationscommunities.

Isabel: How much money do youhaveinthebank?

René: Money is always a rarecommodity with junior mineralexplorersaswearetaskedtospenditindeveloping our properties as soon wereceive it. We are contacting potentialindustry partners for Vinancialparticipation and will work with theinvestment industry and individual

shareholders to secure the fundsnecessary.

Isabel:HowmuchofMountainBoyisheldbythemanagement?

R e n é : M a n a g e m e n t o w n sa p p r o x im a t e l y 4 0% o f t h eoutstandingshares.Wewanttoshowour investorsandco-owners thatwetrulybelieveinthevalueofourassets.

Isabel:Whatdoyoulikeaboutthemineralexplorationbusiness?

Renè: It is exciting and highlyrewardingonceaneconomicresourcehasbeendiscoveredanddeveloped.

Isabel: What is your favouritecommodityandwhy?

Renè: I like gold; thoughwe all likegold(laughs). I favoursilverandzincto be champions due to depletingstockpilesandever increasinguses. Ilike the practical applicationsindustrialmineralssuchasbariteandzeolite are sought for and how fastthey can be brought into productionwith minimal investments, creatingmuchdesiredcashVlow.

Isabel:Wheredoyou see the goldprice?

René: Somewherewithin$1100and$1400fromtheunderstandingIhaveabout the markets and what drivessupplyanddemand.

Isabel:Thankyousomuchforyourtime! Always a pleasure to talk toyou.

Disclaimer

About Zimtu Capital Corp. and this InterviewThis interview is published by Zimtu Capital Corp. We are focused on researching and marketing public companies where we have a pre-existing relationship (almost always as shareholder and a provider of services). Nothing in this interview should be construed as a solicitation to buy or sell any securities. This interview is intended for informational and entertainment purposes only. The author of this interview and its publishers bear no liability for losses and/or damages arising from the use of this interview. Be advised, Zimtu Capital Corp. and its employees have not made any attempt to verify the facts or projections that are set out in this interview. The persons interviewed are given the freedom to state what they want, and their statements are printed here. We do not guarantee that it is accurate or complete. We do not guarantee that any of the companies mentioned in this interview will perform as we expect, and any comparisons made to other companies may not be valid or come into effect.

MountainBoyMineralsisadiversiViedexploration and project developmentcompanywith its20% interest in the"SilverCoin"deposit locatedbetweenAscot's "Premier"and"BigMissouri "pits (over 2MMoz of gold equivalentwithitssharecarriedtoproductionbyJaydenResourcesLtd). Italsoownsa35% interest in the "Red Cliff"property,ahighgradeadvancedgold-c o p p e r e x p l o r a t i o n p r o j e c t .Furthermore, the company holds a100%interestinthe"MBSilver"anda50% interest in the expansive "BA"and "George Copper"claim blocks (>

Interviewing Renè Bernard - Mountain Boy Minerals page 3

Share Structure: (as of 20th of June 2017)

Outstanding shares: 139 MillionFully diluted: 169 MillionMarket Cap: 9,03 Million52 weeks high/low: C$0,35 - 0,08

Corporate Information:

Mountain Boy Minerals Ltd.PO Box 859426 King StreetStewart, BC V0T-1W0Phone: 250 636 2264IR Contact: gary@mountainboy.com

Moutain Boy Minerals Trading Symbol: TSX:V : MTB

12MMspenttodate-Zinc,Lead,Silverand Copper mineralization. Thecompany recently signed an optionagreement to earn a 100% interest in"BA"and"GeorgeCopper"claimblocks.At the company's "Zeolite" property inS ou t h e rn B . C . c on su l t i n g a ndenvironmental as well as historic landuse studies are ongoing. The companyowns the right to explore large Zeolitebedswithfavorableinfrastructure,closeto potential market.At the company's"Zeolite Project" in southern B.C.consulting and permitting is plannedforthisspring.

SilverCoinProject(2millionoz golddeposit-20%carried)

RedCliffProject(35%in largegoldbearingshearstructure-assaysupto15g/tAuover30m)

MBSilverProject(100%inproject>100,000 tonnes of barite-basemetaldeposit-non43-101compliant)

BA/George Copper Project (50% in

VMS horizon tested by 164 holes –tracedover1.5km)

SurpriseCreek(50%innewbariterichVMS horizon traced over 1.2 km) Thecompany holds an option to earn theremaining 50% in the BA,GeorgeCopperandSurpriseCreekpropertiesitdoesnotown

Manual Creek (100 % in zeolite-pozzolandeposit)

2017 Work Plans

5- 15000 m drill program atthe"SilverCoin"(carried)

10.000mdrillprogramatRedCliff(35%ofcost)

5000 m drill program atSurpriseCreek

mapping, sampling, trenchingand limited drill programs atthe BA/George Copper andthe"Zeolite"properties

Projects

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Disclaimer and Information on Forward Looking Statements:All statements in this report, other than state-ments of historical fact should be considered forward-looking statements. Much of this report is comprised of statements of projection. Statements in this report that are forward looking include that Mountain Boy Minerals Ltd. (“MTB”) or any other company or market will perform as expected; that MTB will complete the recently announced acqui-sitions and transaction(s); that MTB or its partner(s) can and will start exploring; that the recent agree-ment with the optionor of 50% will come to effect; that Wilfried Bernard and his group have acqzuired securities of MTB for investment purposes; that the project portfolio of MTB is well-diversified; that by owning 100% of a project it would be much easier to sign agreements with potential joint venture or strategic partners; that any project may turn out to be a highly valuable asset; that a large resource could be delineated; that extraction and benefici-ation process will work as expected; that drilling may find additional mineralization or even resour-ces; that the VMS system is large and prospective; that the BA Deposit is large; that the Surprise Creek Deposit is even larger; that precious and base metals are a potential by-product bonus; that the potential for sizeable and high-grade barite resour-ces is given; that the company can raise sufficient funds for a transaction, exploration and corporate matters; that any of the mentioned plans, compari-sons with other companies, regions or numbers are valid or economic. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in these forward-looking statements. Risks and uncertain-ties respecting gold and resource companies are generally disclosed in the annual financial or other filing documents of MTB and similar companies as filed with the relevant securities commissions, and should be reviewed by any reader of this report. In addition, with respect to MTB, a number of risks relate to any statement of projection or forward statements, including among other risks: the receipt of all necessary approvals and permits; the ability to conclude a transaction to start or continue exploration; uncertainty of future market regulations, capital expenditures and other costs; financings and additional capital requirements for exploration, development, construction, and oper-ating of a facility; the receipt in a timely fashion of further permitting for its legislative, political, social or economic developments in the jurisdictions in which MTB carries on business; operating or technical difficulties in connection with production or development activities; the ability to keep key employees, joint-venture partner(s), and oper-

ations financed. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accord-ingly, readers should not place undue reliance on forward-looking information. Rockstone and the author of this report do not undertake any obliga-tion to update any statements made in this report.Disclosure of Interest and Advisory Cautions: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Rockstone, its owners and the author of this report are not registered broker-dealers or financial advis-ors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including Rockstone’s report, especially if the investment involves a small, thinly-traded company that isn’t well known. The author of this report is paid by Zimtu Capital Corp., a TSX Venture Exchange listed investment company. Part of the author’s responsibilities at Zimtu Capital Corp. is to research and report on companies in which Zimtu Capital Corp. has an investment. So while the author of this report is not paid directly by MTB, the author’s employer Zimtu Capital Corp. will benefit from appreciation of MTB’s stock price. The author does NOT own shares of Mountain Boy Minerals Ltd., but plans to initiate a position soon. However, he owns shares of Zimtu Capital Corp., and thus would also benefit from volume and price appre-ciation of its stocks. Hence, multiple conflicts of interests exist. Therefore, the information provided herewithin should not be construed as a financial analysis or recommendation but as advertisement. The author’s views and opinions regarding the com-panies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Rockstone and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Mountain Boy Minerals Ltd. has not reviewed all of the content of this report prior to publication. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect. Please read the entire Disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this website or any of its pages including this report in form of a PDF. By using this website and/or report, and whether or not you actually read the Disclaim-er, you are deemed to have accepted it. Information provided is educational and general in nature.

Author Profile & Contact

Stephan Bogner (Dipl. Kfm. FH)Rockstone Research 8260 Stein am Rhein, Switzerland+41-44-5862323sb@rockstone-research.com

Stephan Bogner studied at the International School of Management (Dortmund, Germany), the European Business School (London) and the University of Queensland

(Brisbane, Australia). Under supervision of Prof. Dr. Hans J. Bocker, Stephan completed his diploma thesis (“Gold In A Macroeconomic Context With Special Consideration Of The Price Formation Process”) in 2002. A year later, he marketed and translated into German Ferdinand Lips‘ bestseller („Gold Wars“). After working in Dubai for 5 years, he now lives in Switzerland and is the CEO of Elementum International AG specialized in duty-free storage of gold and silver bullion in a high-security vaulting facility within the St. Gotthard Mountain Massif in central Switzerland.

Rockstone is specialized in capital markets and publicly listed companies. The focus is set on exploration, development and mining of mineral deposits.

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Report #2 | Mountain Boy Minerals Ltd.TSX.V: MTB; US: MBYMF; Frankfurt: M9U