Cautionary Notes

Certain statements in this website may constitute “forward-looking” statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this website, such statements use such words as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate” and other similar terminology. These statements reflect the Corporationís current expectations regarding future events and operating performance and speak only as of the date of this presentation. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward- looking statements. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the failure to obtain necessary regulatory approvals, including environmental approval, the failure to secure full project financing, the failure to implement the recommendations set out in the Corporationís technical report entitled “Staghorn Gold Property, Victoria Lake Area, West Central Newfoundland” (the “Technical Report”), the failure to raise financing to implement the recommendations in the Technical Report, risks associated with the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates and projections relating to production, reserves and resources, costs and expenses, and health, safety and environmental risks), decrease in commodity prices and exchange rate fluctuations.

Although the forward-looking statements contained in this website are based upon what management of the Corporation believes are reasonable assumptions, the Corporation cannot assure shareholders that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of the posting of this website and are expressly qualified by this cautionary statement. Subject to applicable securities laws, the Corporation assumes no obligation to update or revise them to reflect new events or circumstances. This website is based on the Corporationís public disclosure and does not form a part of any offer of securities, or constitute a solicitation of any offer to purchase or subscribe for securities. Any purchase of securities in the company should be made solely on the basis of information contained in the Corporationís public record which is available on www.sedar.com.

Scientific and technical information referred herein has been extracted from and are hereby qualified by reference to the technical report for our project. The technical report referenced herein is as follows: Technical Report (NI 43-101) Staghorn Gold Property, Victoria Lake Area, West Central Newfoundland, June 12, 2017. The present Technical Report has been prepared by Timothy Froude, B.Sc., P. Geo. The author is a Qualified Person as defined in NI 43-101 (the “Qualified Person”).

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