Sawmill Canyon (Frisco) Quarterly Report for Q1 2020

During the first quarter of 2020, the Kennecott Exploration has focused on planning for an initial diamond drill program to follow up on high grade intersections at the Cactus Breccia and Accrington Skarn targets as well as a deeper hole testing the Reciprocity IP Anomaly. Field visits have been conducted to assess ground conditions and determine requirements for logistics and safety. Kennecott Exploration geologists have completed first-pass field work to review areas of interest and ground truth existing and potential targets for future drilling activities. Several weeks were spent reviewing selected Alderan drill holes to tune the technical team into the geology of the property and begin developing Kennecott Exploration specific core logging procedures.