BARKERVILLE 2-ACES PROJECT

On Strike with The Cariboo Break In Barkerville Terrane, BC, Canada

HAWKEYE owns a 100% interest in the 5,376-hectare 2-Aces Property (the “Property”) situated approximately 32 kilometres southeast of the Town of Barkerville, BC, Canada. The Barkerville 2-Aces Project which is not subject to any net smelter royalty payments lies within the southeasterly-striking Snowshoe Group of the Barkerville Terrane. This is the geological formation that hosts Barkerville Gold Mines’ (“BGM”), a subsidiary of Osisko Development Corp. (TSX.V: ODV) current gold exploration and mine development projects, including Island Mountain, Cow Mountain and Bonanza Ledge.

About the Barkerville-Cariboo District and BGM

Barkerville was the centre of the historic Cariboo gold rush starting in 1860. The recorded production estimate from 1861-1987 reported more than 5,000,000 ounces of gold which included 3,800,000 ounces from placer operations and 1,230,000 ounces from lode mining. Recently, Osisko and BGM, the current principal property holder in the district, announced a significant resource definition on lode gold projects and large exploration programs focused along the Cariboo Break.

Message from the President

Mr. Greg Neeld, President & CEO states, “HAWKEYE is excited to be involved in the Barkerville-Cariboo gold district. It places HAWKEYE in a historical mining district continuously productive for more than 150 years and with recent exploration successes and ongoing mine development activity. The 2-Aces Property is on strike with the Cariboo structural trend which transects many of the past-producing gold mines. The Company has purchased the Property based on its highly favourable location, geology and geophysical features as a first step to additional strategic and prospective acquisitions in the Barkerville area. Osisko and BGM are in the permitting stage for a 4,750-tonne-per-day underground mine, with a feasibility study expected to be completed by the second half of 2021, which points to increased potential and opportunity within the Barkerville-Cariboo gold district. HAWKEYE looks forward to executing exploration programs over its properties either independently or through the diversification of our property management strategy to also include a Prospect Generator (PG) model to attract industry peers to share in the exploration and development of our properties through earn in option (EIO) or joint venture (JV) partnerships.”

The 2 Aces Project

The Barkerville 2-Aces Project is situated six (6) kilometres southeast of the historical Cariboo Hudson Mine between Cariboo Lake and the north arm of Quesnel Lake within the Late Proterozoic to Paleozoic Snowshoe Group of the Barkerville Terrane. The Snowshoe Group is comprised of siltstone, conglomerate, and sandstone with lesser volcanics and carbonates, which have undergone multi-stage deformation with penetrative fabrics and metamorphism ranging from greenschist to amphibolite grade.

The lithologies are characterized by moderate to steeply dipping, southeasterly striking, locally overturned folds, with regional southeasterly striking thrust faults and later faulting along a general north-northeast direction. The Property contains favorable geological units overprinted by extensive deformation on strike with a known corridor of gold mineralization. This southeasterly-oriented regional feature (Cariboo Break) includes a number of known gold deposits, past hard rock and placer gold producers, and numerous bedrock occurrences. The principal mineralization is associated with high strain zones and parallels magnetic features from regional and detailed airborne geophysics tracing from northwest of Barkerville to the southeast through the Property.

Work Programs

Previous work on the Property included geological mapping, airborne geophysics, and reconnaissance soil and stream geochemistry surveys. The Property exhibits geochemical anomalies for gold, arsenic and other heavy metals. Float and bedrock occurrences on and adjacent to the Property include gold in quartz veins or silicified replacement zones. The known Ace occurrence, along strike between the HAWKEYE claims, also includes intervals of semi-massive chalcopyrite, sphalerite and galena associated with polymetallic Cu-Zn-Pb-Au-Ag based on the Kuroko or Besshi-type model, and carbonate-hosted Pb-Zn mineralization. In addition to these sulphides, native gold, bornite and malachite also are identified along the northwesterly trend to the past-producing Cariboo Hudson gold mine and to the southeast towards Quesnel Lake.

During 2018 HAWKEYE completed a 502 line kilometre helicopter-borne geophysical survey over the 2-Aces property performed by Geotech Airborne Geophysical Surveys Ltd. The survey which was carried out at 150 metre line spacing identified several features of interest on the 2-Aces north and 2-Aces properties. Two potentially significant features are evident as northwest-southeast trending magnetic lows fringed by magnetic highs which is similar to, and may represent, a southeasterly extension of the Cariboo Break. The survey identified several features of interest on the 2-Aces East property. The first anomaly occurs in the north part of the property and consists of a parallel series of northeast southwest trending magnetic highs and lows that appear to correlate strongly with mineralization and soil geochemical anomalies at the Mae Showing. A northwest to southeast-trending linear magnetic low occurs on the eastern part of the property, southeast of the first anomaly, which may represent a structure. Directly to the southwest of the first is an unexplained magnetic high measuring 1.5 x 2 km.