CARIBOO VALLEY PROPERTY

Situated in the Cariboo Lake Area of Barkerville Terrane, BC, Canada

HAWKEYE owns a 100% interest in the 2,093-hectare Cariboo Valley Property situated approximately 32 kilometres south-southeast of the Town of Barkerville, BC, Canada. The Property which is not subject to any net smelter royalty payments includes claims on the north and south shore of Cariboo Lake and is located contiguous to both the western boundary of HAWKEYE’s 2-Aces property and Barkerville Gold Mines’ (“BGM”), a subsidiary to Osisko Development Corp. (TSX.V: ODV) claims to the north. The Property lies within the southeasterly-striking Snowshoe Group of the Barkerville Terrane. This is the geological formation that hosts BGM’s and ODV’s current gold mine development and exploration projects and also underlies a number of historic to recent placer gold claims within and adjacent to the Property.

About the Barkerville-Cariboo District

Placer gold was discovered and mined in the Cariboo Valley area along a number of drainages including Keithley, Snowshoe, Simlock and Harveys Creeks starting in 1860. The town of Barkerville became established as the centre of the historic Cariboo gold rush following the 1861-1862 discoveries to the north on Lightning Creek, Williams Creek and the surrounding area. 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, ODV 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 NW to SE-directed high strain zones in the Barkerville Terrane.

Message from the President

Mr. Greg Neeld, President & CEO states, “HAWKEYE is eager to establish its portfolio of properties in the Barkerville-Cariboo gold district. The acquisitions place HAWKEYE in a historical mining centre continuously productive for more than 150 years and with recent exploration successes and ongoing mine development activity. The Cariboo Valley Property and adjacent 2 Aces property are on geological strike with known lode gold prospects and past-producing placer gold mines. The Company has purchased the Property based on its favourable location and regional geological features. 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 Cariboo Valley Project

HAWKEYE’s Cariboo Valley Project is situated six (6) kilometres south of the historical Cariboo Hudson Mine within the Late Proterozoic to Paleozoic Snowshoe Group of the Barkerville Terrane. The principal successions of the Snowshoe Group are comprised of siltstone, quartzite, conglomerate, and sandstone with lesser volcanics, black slate and limestone, which have undergone multi-stage deformation with penetrative fabrics and regional metamorphism ranging from lower greenschist (chlorite) to locally amphibolite (garnet-staurolite) grade.

The lithologies are characterized by moderate to steeply dipping, southeasterly striking, locally overturned folds with northwesterly shear zones and plunging lineations, regional east-southeasterly striking thrust faults and later faulting along a general north-northeast direction. The principal mineralization is associated with high strain zones and parallels magnetic features from regional and detailed airborne geophysics. The Property contains favourable geological units overprinted by extensive deformation. The southeasterly-trending Ladies Creek drainage hosted placer gold claims and is located on structural strike with historical placer gold occurrences with an interpreted local provenance. Placer gold was derived from Tertiary age deep weathering of the vein deposits. Gold fineness from nearby placer operations exhibited variance consistent with multiple sources, periods or styles of mineralization, including secondary precipitation. Base metal anomalies may be related to Kuroko or Besshi style volcanogenic (VMS) mineralization and/or carbonate-associated deposition (MVT, CRD).

Previous work on the Property included regional geological mapping, airborne geophysics, and reconnaissance soil and stream geochemistry surveys. The Property exhibits widely spaced stream geochemical anomalies for gold and select pathfinder elements such as copper, lead, bismuth and mercury. Gold mineralization typically is associated with quartz veins, iron carbonate (ankerite), and pyrite cutting amenable metasedimentary units of greenschist grade.

During 2018 HAWKEYE completed a 140 line kilometre helicopter-borne geophysical survey over the Cariboo Valley property performed by Geotech Airborne Geophysical Surveys Ltd. The survey which was carried out at 150 metre line spacing identified 2 features of interest on the Cariboo Valley property. The first anomaly is characterized by a northwest to southeast-trending magnetic low that is fringed by weak to moderate magnetic highs, which may represent a fault zone. The second anomaly is characterized by an unexplained northeast to southwest-trending string of moderate magnetic highs.