Government of Newfoundland and Labrador Department of Natural Resources

Mineral Lands Division

Geological Survey No:

Registry File Nos:

Confidential Until:

Mineral Rights:

Licence Extended Licence Impost Mining Lease Regional Other

Licence/Property

No. of Claims Assessment Year

Date Issued

NTS Map

Continued next page Yes No Number of Volumes: Digital Copy Only Enclosures (indicate number of each): CD: DVD: Flash drive: Paper Maps: Other: Received: Comments:

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014D/08/0344

PROSPECTORS REPORT

Voiseys Bay Extension Project

License: 022877M Claims: 4 Approximate Area: 1.00 sq. km or 100 Hectares or 247.1 Acres Location: Newfoundland NTS 14/D08 Area: IKadlivik Brook Total Expenditures: $1850.00 Topic: Prospecting Preparation & Compilation Dates: Feb 15, 2015 thru April 12, 2016 Prepared By: Mark, Troy & Stephen Stockley Submitted By: Stephen Stockley

TABLE OF CONTENTS Introduction………………………..………………………………………………1 Location…………………………..………………………………………………. 2 Access……………………………...……………………………………………... 4 Previous Work……………………..……………………………………………....5 Observations and Compilations………..…………………………………………. 6 Recommendations…………………………………………………………………. 7 Conclusions………………………………………………………………………... 8 Contact Information/Statement…………….…………………………..………….. 9 Regional Location…………………………………………………………………10 References………………………………………………………………………….11

LIST OF FIGURES Figure 1 (Claims Staked)……………………………………………………… 2 Figure 2 (Google Earth View)………………………………………………… 3 Figure 3 (Regional Location)………….………..………………………………10

LIST OF APPENDICIES Appendix 1 (Expenses)……………………………………………………………A1 Appendix 2 (Letter)……..…………………………………………………………A2

Introduction The Voisey’s Bay Mine is associated with large complex stratiform mafic/ultramafic magmatic deposits. The Voisey's Bay Ni-Cu-Co mineral resources are invariably associated with a troctolite sheet and dyke complex that has intruded Archean quartz-feldspar-biotite gneisses belonging to the Nain Province and the Proterozoic garnetiferous paragneiss of the Churchill Province. At approximately 555833E and 6243111N. The Voisey’s Bay Extension property was staked in anticipation of a multifaceted and exciting exploration project for magmatic nickel sulphide deposits. The geology of the Voisey’s Bay deposit still needs more exploration and interpretation. The Voisey’s Bay deposit (116.3 million tonnes averaging 1.71% Ni, 0.92% Cu and 0.09% Co, including 31.7 million tonnes averaging 2.83% Ni, 1.68% Cu, & 0.12% Co, INCO press release, 1998). The tonnage has recently been increased substantially at Voisey’s Bay to include eastern deeps deposit and other deep underground mineralization. The Voisey's Bay mine has a project life of approximately 30 years and ranks as one of the least cost nickel producers in the world. The property was staked to try and find geophysical and geochemical anomalies for drill testing. Shallow drilling of these anomalies was planned where possible. The exploration potential of the area captured by the recently staked land is believed to be exceptional. The exploration upside is especially important to us on account of the fact that the Voisey's Bay Mine is still at a very early stage compared to other world-renowned nickel districts like Noril'sk and of course Canada’s Sudbury mines. It is important to remember that the aforementioned mines dramatically grew in size over the first few decades following discovery. Recent drilling continues to enhance the size potential of the deposits. Further exploration may result in the delineation, expansion and discovery of mineral resources.

The information contained in this report is based on my opinions and may not be the opinion of a professional geologist. The graphics are not necessarily to scale, in the correct direction or exact location.

1

Location The Voisey’s Bay Extension property is approximately 40 kms south west of the hamlet of Nain. It is approximately 10 kms west of the Voisey’s Bay Aerodome and is on license 022877M. See the following for a graphical representation of the property.

Figure 1 (Claims Staked)

2

The following is an aerial view of the general area from Google Earth.

Figure 2 (Google Earth View)

3

Access The property is accessible by helicopter or dog team.

4

Previous Work There has been a lot of work done in this map area by numerous companies and prospectors. After the Voisey’s Bay discovery quite a bit of exploration occurred in Labrador. There was not enough boots on the ground exploration in my humble opinion. Most exploration racked up huge costs just flying around in helicopters looking for rusty gossans. The area still needs some solid hours logged on the ground to find more showings and do ground magnetometer work. Geocore Exploration Inc and JAL Exploration Inc have done previous work in the area we are looking at.

5

Observations and Compilations We spent several days and nights compiling data, drawings, maps, interpreted cross sections, planning campsites, traverse routes, GPS coordinates for soil sampling program and magnetometer program. Determining required level of support, supplies and equipment. Several days where spent talking with 3 companies that could fly us in and out and support us during the exploration endeavor. In the end we were denied the opportunity to prospect on the big land. Our dreams were crushed and the companies we worked with are very disappointed in us due to the time and resources they used as they needed to pay employees for the time they spent planning with us. The Department of Natural Resources refused us the opportunity to do exploration there because they feel the area needs advanced exploration and prospectors would not add value by prospecting the area.

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Recommendations: I recommend doing some geophysics on these claims we may be able to identify some geophysical anomalies and trends. I also recommend a soil grid and trenching any anomalies. The areas where anomalies are present should be drill tested. Altius should be contacted again to see if they are interested in optioning these claims as they are planning exploration in the area and have our claims encompassed. I recommend the Department of Natural Resources give prospectors the choice to prospect where they want to prospect. To let them use free will and make their own decisions stop micromanaging every aspect of a prospectors activities. We need the ability to act at our own discretion. We need the ability to choose between different possible courses of action and exploration techniques based on what we see in the field not based on what some city slicker sitting behind a desk in St. John’s tells us we need to do.

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Conclusions: There is no secret that the area holds great nickel and copper mineral resources. The Voisey’s Bay Mine is associated with large complex stratiform mafic/ultramafic magmatic deposits. The Voisey’s Bay Extension property was staked in anticipation of a multifaceted and exciting exploration project for magmatic nickel sulphide deposits. The geology of the Voisey’s Bay deposit still needs more exploration and interpretation. The Voisey’s Bay deposit (116.3 million tonnes averaging 1.71% Ni, 0.92% Cu and 0.09% Co, including 31.7 million tonnes averaging 2.83% Ni, 1.68% Cu, & 0.12% Co, INCO press release, 1998). The tonnage has recently been increased substantially at Voisey’s Bay to include eastern deeps deposit and other deep underground mineralization. The Voisey's Bay mine has a project life of approximately 30 years and ranks as one of the least cost nickel producers in the world. The property was staked to try and find geophysical and geochemical anomalies for drill testing. Shallow drilling of these anomalies was planned where possible. The exploration potential of the area captured by the recently staked land is believed to be exceptional. The exploration upside is especially important to us on account of the fact that the Voisey's Bay Mine is still at a very early stage compared to other world-renowned nickel districts like Noril'sk and of course Canada’s Sudbury mines. It is important to remember that the aforementioned mines dramatically grew in size over the first few decades following discovery. Recent drilling continues to enhance the size potential of the deposits. Further exploration may result in the delineation, expansion and discovery of mineral resources.

In conclusion I believe there is considerable economic potential for the land we staked. I believe that considerable ‘room’ remains for exploration in future years. The government needs to allow us to get boots on the ground on this site so we can find new showings and get ground geophysics done. We want to be prospectors, we don’t want to be promoters, so let us prospect.

8

Contact Information: Stephen Stockley P.O. Box 33 Gambo, NL A0G 1T0 Cell: (709) 424-5333 Email: stockleysteve@hotmail.com

Statement: This report was written based on my knowledge as a genuine prospector, the rocks I seen in the field and knowledge I gained reading books on metallic deposits.

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Regional Location

Voiseys Bay Extension Project

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References: Kerr, A. 1998: Petrology of magmatic sulphide mineralization in northern Labrador: preliminary results. Current Research (1998), Newfoundland Department of Mines and Energy, Geological Survey, Report 98-1, p. 53-75. Kerr, A., and Smith, J.L. 1997: The search for magmatic Ni-Cu-Co mineralization in northern Labrador: a summary of active exploration programs. Current Research (1997), Newfoundland Department of Mines and Energy, Geological Survey, Report 97-1, p. 73-91. Thomas, A., and Morrison, R.S. 1989: Geology along the central part of the Ugjoktok River (NTS. 13 N/5 and parts of 13 M/8, and 13 N/6), Labrador. Current Research (1989), Newfoundland Department of Mines, Geological Survey of Newfoundland Report 89-1, p. 9-22. Thomas, A., and Morrison, R.S. 1991: Geological map of the central part of the Ugjoktok River (NTS. 13 N/5 and parts of 13 M/8, and 13 N/6), Labrador (with accompanying notes), Map 91-160. Geological Survey Branch, Department of Mines and Energy, Government of Newfoundland and Labrador. pp.27. Ryan, B. 1996: Commentary on the location of the Nain-Churchill boundary of the Nain area. Current Research, Report 96-1, Geological Survey, Department of Natural Resources, Government of Newfoundland and Labrador, p. 109-129. Ryan, B., Wardle, R.J., Gower, C.F., and Nunn, G.A.G. 1995: Nickel-copper-sulphide mineralization in Labrador: The Voisey Bay discovery and its exploration implications. Current Research, Department of Natural Resources, Government of Newfoundland and Labrador, Geological Survey, Report 95-1, p. 177-204. Wardle, R.J., Gower, C.F. Ryan, B., Nunn, G.A.G., James, D.T., and Kerr, A. 1997: Geological map of Labrador. 1:1,000,000 scale. Government of Newfoundland and Labrador, Newfoundland Department of Mines and Energy, Geological Survey, Map 97-07. MacDonald Heather M. 1999: Geology, Petrography and Geochemistry of the Gabbroic Host Rocks on the Donner/Teck South Voisey’s Bay Property, Labrador. Unpublished MSc. Thesis, University of Toronto A. Kerr 2012: The Pants Lake Intrusions, Central Labrador: Geology, Geochemistry and Magmatic Ni-Cu-Co Sulphide Mineralization (Parts of NTS 13N/05, 13N/12, 13M08 and 13M09), Government of Newfoundland and Labrador, Geological Survey, Report 12-02, p. 1-134.

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Person Work Type # of days Rate totalStephen Stockley Data/Report/Plan 3 100 300

Troy Stockley Data/Report/Plan 2 350 700Mark Stockley Data/Report/Plan 2 350 700

Total 1700

Person Work Type # of days Rate totalStephen Stockley Data/Report/Plan 0 30 0

Troy Stockley Data/Report/Plan 0 30 0Mark Stockley Data/Report/Plan 0 30 0

Total 0

Type Work Type # of days Rate TotalCar/Truck Prospecting/Report 0 60 0

Total 0

Bill # Cost1 0.00

Total 0.00

approx. 15%

Total 150

Overhead/Office Supplies/Computer/Phone/Administration

Personnel

Meals

Vehicles

TOTAL 1850.00

Fuel Costs

Government of Newfoundland and Labrador

Department of Natural Resources

Mineral Incentive Program

P. O. Box 8700, St. John’s, NL Canada, A1B 4J6 T. 1.855.729.6448 F. 709.729.3493 Email: daleoreilly@gov.nl.ca

July 16, 2015 Stephen Stockley 2A Bowes Street Gander, NL A1V 1E6 Dear Mr. Stockley: The Prospector Assistance Program Selection Committee completed its review of your grant application. Based on this review, the Pants Lake mineral licenses are not eligible for funding for the following reason:

1. There has been significant exploration and geological work carried out in the Pants Lake region since the discovery of the Voisey’s Bay Deposit in the early 1990’s. While the mineralized basal contact of the Pants Lake Intrusion is prospective, it is the opinion of the Committee that this target requires advanced exploration techniques rather than early-stage prospecting activities as proposed.

Should you wish to discuss this matter further, please feel free to contact me at the number and/or email listed below. Thank you.

Sincerely,

Dale O’Reilly, P.Geo. Mineral Incentive Geologist