Sawmill Canyon (Frisco) Quarterly Report for Q1 2021

Kennecott Exploration (KEX) has conducted field mapping and sampling over priority areas of interest including the Cu Gulch porphyry target, the Reciprocity-Accrington area porphyry target, and limited work on the Northern Carbonate (Tank) leases in Q1 2022. There has been some minor delay to planned drilling activities due to drill rig and crew availability, but the team is still planning for a small drill program in Q2 2022.