The Kena Project
“Golden Arc”

• Located in southeastern British Columbia’s historic “Golden Arc”
• Multiple historic small scale past producing gold mines
• Several large gold and copper geochemical anomalies
• Strong geophysical trends coincident with the gold and copper zones
• Potential for additional discoveries and expansion of the known zones

The KENA PROJECT hosts three contiguous properties:
Kena, Daylight and Athabasca

Kena Project
Current Resource Estimate

• 2,770,000 ounces of gold in the inferred category
• 561,000 ounces of gold in the indicated category
• Effective date May 3,2021
• Completed by Independent Qualified Person Sue Bird, P.Eng., of Moose Mountain Technical Services

43-101 Report - Resource Estimate for the Kena and Daylight Properties

Kena Project
Highlights

• Over 8000 hectares consisting of the Kena, Daylight and Athabasca Properties which trend for more than 20 kilometres along a favourable mineralized belt
• Fully funded $2 million 2021 exploration program
• 39,819.19 metres diamond drilling in 252 holes
• The Kena Project area has produced over 90 intersections in drill core, that are greater than 5.0 g/t Au, over greater than 2.0 m intervals.
• Gold values from historical drill intercepts range from trace to 240.07 g/t Au over 1.23m and 172.10 g/t Au over 2m
• Large underexplored copper - gold porphyry targets on southern end of the property
• Several historic workings and small scale past producing gold-silver-copper showings
• Excellent infrastructure
  • Paved highway and powerline running through property
  • Nearby rail and gas lines
  • Numerous hydro-electric dams within 40 kilometres
  • Good local service and supply centres
  • Local work force
  • 65 kilometres by paved highway to Teck’s Trail smelter
  • Logging roads and cutblocks throughout the property
• In a geopolitically stable and amenable mining jurisdiction, southeastern British Columbia, Canada

Kena Project
2021 Property Update With Exploration Targets

The Kena Project claim block is divided up into 3 property areas: The Kena, Daylight and Athabasca Properties.

The Kena Property hosts several gold mineralized zones, most notably the Kena Gold and Gold Mountain Zones included in the recent resource estimate hosting 2.77 million ounces of gold inferred and 0.56 million ounces of gold indicated (Bird, 2021).  3D modelling and imagery is currently being utilized to identify precise drill targets for expansion of the open ended gold resource on the Kena Gold and Gold Mountain Zones.  The South Gold Zone, located 2 kilometres south along the same structure hosting the Kena Gold and Gold Mountain Zones, is likely a continuation of those mineralized zones.  Prior drilling from 2002 at the South Gold Zone returned 0.9 g/t gold over 90 metres core length (true width unknown) (BC ARIS Report #27240).

The Kena Copper Zone is a large copper halo around the South Gold Zone defined by a 2500 x 450 metre copper soil geochemical anomaly coincident with an induced polarization chargeability high.  Nine broad spaced historic drill holes have been put over the Kena Copper Zone between 1981 and 2010.  In 2021, three fences, including deep diamond drill holes will be put in across the central core of the Kena Copper Zone.

Kena Project
2021 Property Update With Exploration Targets

The Kena Project claim block is divided up into 3 property areas: The Kena, Daylight and Athabasca Properties.

South of the South Gold Zone/Kena Copper Zone, recent airborne magnetic survey coverage shows that the magnetic feature associated with the mineralizing structure hosting the Kena Gold and Gold Mountain Zone extends a further 9 kilometres.  Along this southern extent are several target areas to be followed up with geological mapping, sampling and prospecting during the current exploration program.  Two historic small scale past producing mines occur along this trend:

• the Euphrates Mine (BC Minfile# 082FSW186 produced 307 tonnes grading 46.9 g/t gold, 249.3 g/t silver, 2.7% lead and 1.7% zinc);
• the Gold Cup Mine (BC Minfile# 082FSW079 produced 24 tonnes grading 51.8 g/t gold).

Kena Project
2021 Property Update With Exploration Targets

Daylight Property

Daylight Property, included as part of the recent resource estimate, has 2 key gold target areas for 2021 diamond drilling.  The Starlight Trend and the Great Western Zone.  On the 3 kilometre long Starlight Trend, in 2021, a series of short fan drill holes will test step out mineralization from the Starlight shear/vein system where prior sampling returned 23 g/t gold over 1.0 metre chip sample and 30.4 g/t gold over 0.3 metres in drill core (BC ARIS Report #27240).

At the Great Western Zone, diamond drilling in 2017 (BC ARIS Report #37536) returned several intercepts, including 1.09 g/t Au over 71.22 metres (true width not known).  Two fences of diamond drill holes in 2021 are planned to cross the Great Western Zone target area, identified by a strong gold geochemical signature.

Kena Project
2021 Property Update With Exploration Targets

The Daylight Property also contains several historic past producing small scale mines, including:

• Starlight (BC Minfile# 082FSW174) produced 21.6 tonnes at 27.8 g/t gold, 139.5 g/t silver and 0.4% copper;
• Daylight (BC Minfile# 082FSW175) produced 327 tonnes at 27 g/t gold, 15 g/t silver, plus minor lead and zinc;
• Victoria (BC Minfile# 082FSW173) produced 3255 tonnes at 1.16 g/t gold, 28.9 g/t silver and 2.6% copper;
• Great Eastern (BC Minfile# 082FSW172) produced 34 tonnes at 37.5 g/t gold and 52.2 g/t silver;
• and Irene (BC Minfile# 082FSW171 produced 15 tonnes at 18.2 g/t gold and 25.1 g/t silver).

Athabasca Property

It is assumed that hand sorting of ore occurred prior to shipping and that these historically reported values may not represent true grades.

The newly acquired Athabasca Property, will be subject to geological mapping, sampling and prospecting during the course of the 2021 field season.  Historic work, including limited drilling and past production has occurred at the Athabasca Gold Mine which produced 20,219 tonnes grading 30 g/t gold and 10 g/t silver (BC Minfile# 082FSW168).

Geological
Team

LINDA DANDY, P. GEO

Geologist

Ms. Dandy is a graduate of the University of British Columbia. She is a Professional Geoscientist and has been involved in all aspects of mineral exploration and development for 40 years. During this time, she has worked as a consultant to major mining companies, junior resource companies and the British Columbia Ministry of Mines. Although she has international experience through a broad spectrum of deposit types, the majority of her career has consisted of precious metal exploration in the North American Cordillera. Ms. Dandy was integral in the discovery of the Gold Mountain Zone (gold porphyry) on West's Kena Property. Another highlight includes exploration, development and mine permitting of the Yellowjacket Gold Mine in northern BC.

PERRY GRUNENBERG, P. GEO.

Geologist

Perry is a professional geoscientist registered with Engineers and Geoscientists of British Columbia. He graduated from the University of British Columbia (BSc Geology) in 1982. He is now based in Kamloops, BC.

Perry has over 35 years of mining and mineral exploration experience. He has worked throughout British Columbia, Yukon, Nunavut, Alaska, and other parts of the world. Projects have included base and precious metal exploration and development, as well as diamond exploration. Perry also worked as a mine geologist at a small underground gold mine in central BC.

More recently Perry has been involved in managing exploration programs for projects located in Quebec. Work includes database compilation for exploration targeting, and modeling of drill hole and other geologic data. Geologic models were utilized for resource estimation at the Perlat Cu-Au VMS deposit located in Albania, Tungsten and Lead Zinc resources at the Jersey Emerald Property, and the Kena Gold Project.

SUE DEANE.

Geologist

Sue Deane acquired a Bachelor of Science Degree in Geology from the University of British Columbia in 2000. She has 20 years of mining exploration experience in a variety of areas including base metal lead zinc deposits, epithermal gold, gold skarn, tungsten skarn, gold copper porphyry and kimberlite diamond deposits. She has supervised many exploration programs and been involved in several early stage prospecting and mapping projects. Her career has taken her to Arctic Canada, Interior Alaska, and northern BC (specifically Atlin, the Stewart camp and Spanish Mountain). She also worked for Kinross at the Buckhorn Mtn Mine and the K2 mine in Washington State. The Kootenays are her home and she has worked extensively in the Rossland, Trout Lake, Nelson and Salmo areas, including the Kena project.

JACK AND BOB DENNY

Jack and Bob Denny come from a multi-generational prospecting family well known in the West Kootenay area.  Their vast knowledge and prior experience identifying the mineralization and potential of the Kena Property area is a key asset to assessing the property's numerous historic targets

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