Sawmill Canyon (Frisco) Quarterly Report for Q4 2021

No exploration activities were conducted in the fourth quarter of 2021. A site tour and discussion of targets was provided to Kennecott Exploration’s senior leadership team. Two historic AMAX drill holes, proximal to the Copper Gulch porphyry target, were reviewed at the UGS core library. The project proposed 3-5 drill holes and surface mapping for 2022, however, as of the end of 2021, only one drill target has been approved.