Sawmill Canyon (Frisco) Quarterly Report for Q4 2020

Drilling activities continued into Q4 2020 with the completion of SAWM0008 (Cactus) and the upper portion of SAWM0009 (Reciprocity). Due to increasing cases of COVID-19, the project was ceased prior to the completion of the final drill hole but plans for 2021 include returning to SAWM0009 to take the hole to target depth.

Permitting activities of 23 additional drill sites are in progress and a proposal for 2021 drilling has been submitted to the KEX senior leadership team.