Compliant with Regulation 43-101 and Form 43-101F1)
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InnovExplo – Consulting Firm, Mines & Exploration 560, 3e Avenue, Val-d’Or, Québec, Canada, J9P 1S4 Telephone: 819 874-0447 Facsimile: 819 874-0379 Toll-free: 1-866-749-8140 Email: [email protected] Web site: www.innovexplo.com TECHNICAL REPORT AND PRELIMINARY ECONOMIC ASSESSMENT FOR THE DUPARQUET PROJECT (compliant with Regulation 43-101 and Form 43-101F1) Project Location Latitude:48º30’34”North ; Longitude:79º12´34”West Duparquet Township Province of Québec, Canada Prepared for Clifton Star Resources Inc. 1040, ave. Belvédère, Suite 217 Québec, QC G1S 3G3 Prepared by: Kenneth Williamson, MSc, P.Geo. Laurent Roy, Eng. Carl Pelletier, BSc, P.Geo. Sylvie Poirier, Eng. David Dreisinger, P.Eng. InnovExplo Inc. – Consulting Firm InnovExplo Inc. – Consulting Firm Dreisinger Consulting Inc. Val-d’Or (Québec) Val-d’Or (Québec) 5233 Bentley Crescent [email protected] [email protected] Delta, B.C., Canada V4K4K2 [email protected] [email protected] [email protected] Pierre-Jean Lafleur, Eng. Marc Arpin, MSc, MEnv, P.Geo. P.J. Lafleur Géo-Conseils Inc. Stavibel Inc, 1271, 7e Rue, 933, Carré Valois Val-d’Or (Québec), J9P 3S1, Canada. Ste-Thérèse (Québec) [email protected] [email protected] Effective date: December 31, 2012 Signature date: February 28, 2013 www.innovexplo.com SIGNATURE PAGE TECHNICAL REPORT AND PRELIMINARY ECONOMIC ASSESSMENT FOR THE DUPARQUET PROJECT (compliant with Regulation 43-101 and Form 43-101F1) Prepared for Clifton Star Resources Inc. 1040, ave. Belvédère, Suite 217 Québec, QC G1S 3G3 (Original signed and sealed) Signed at Val-d’Or on February 28, 2013 Kenneth Williamson, P.Geo. InnovExplo Inc. 560, 3e Avenue, Val-d’Or, Québec, Canada, J9P 1S4 (Original signed and sealed) Signed at Val-d’Or on February 28, 2013 Laurent Roy, Eng. InnovExplo Inc. 560, 3e Avenue, Val-d’Or, Québec, Canada, J9P 1S4 (Original signed and sealed) Signed at Val-d’Or on February 28, 2013 Carl Pelletier, P.Geo. InnovExplo Inc. 560, 3e Avenue, Val-d’Or, Québec, Canada, J9P 1S4 (Original signed and sealed) Signed at Val-d’Or on February 28, 2013 Sylvie Poirier, Eng. InnovExplo Inc. 560, 3e Avenue, Val-d’Or, Québec, Canada, J9P 1S4 CFO – 43-101 Technical Report and Mineral Resource Estimate- Duparquet 2 www.innovexplo.com (Original signed and sealed) Signed at Val-d’Or on February 28, 2013 David Dreisinger, P. Eng. Dreisinger Consulting Inc. 5233 Bentley Crescent Delta, B.C., Canada, V4K 4K2 Signed at Val-d’Or on February 28, 2013 (Original signed and sealed) Pierre-Jean Lafleur, Eng. P.J. Lafleur Géo-Conseils Inc. 933, Carré Valois Ste-Thérèse (Québec), Canada, J7E 4L8 Signed at Val-d’Or on February 28, 2013 (Original signed and sealed) Marc Arpin, MSc, MEnv, P.Geo. Stavibel Inc., 1271, 7e Rue, Val-d’Or (Québec), Canada, J9P 3S1 CFO – 43-101 Technical Report and Mineral Resource Estimate- Duparquet 3 www.innovexplo.com CERTIFICATE OF AUTHOR – KEN WILLIAMSON I, Kenneth Williamson, P.Geo. (OGQ, no.1490), do hereby certify that: 1. I am Consulting Geologist of: InnovExplo Inc., 560 3e Avenue, Val d’Or, Québec, Canada, J9P 1S4. 2. I graduated with a Master’s degree in Geology (MSc) from Université Laval (Sainte-Foy, Québec) in 2001, and I initiated a PhD degree at Institut Nationale de la Recherche Scientifique – Eau, Terre et Environnement (INRS-ETE) for which I completed the course program but not the thesis. 3. I am a member of the Ordre des Géologues du Québec (OGQ, no. 1490). 4. I have over twelve (12) years of experience as a geologist in the mining and exploration industry. My mining and exploration expertise has been acquired with Goldcorp Canada Inc, at the Red Lake Gold Mines - mine and regional exploration departments, and to a lesser extent with Rubicon Mineral Corporation, and the Ministry of Natural Resources of Québec (Geology Branch). I have been a consulting geologist for InnovExplo Inc. since December 2011. 5. I have read the definition of “qualified person” set out in Regulation 43-101 and certify that by reason of my education, affiliation with a professional association (as defined in Regulation 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of Regulation 43-101. 6. I am responsible for the preparation of the Mineral Resource Estimate as well as the preparation of sections 4 to 12, 14, 15, 23 and 24, and co-author of sections 1, 2, 3, 25 to 27, of the technical report titled “Technical Report and Preliminary Economic Assessment for the Duparquet Project (compliant with Regulation 43-101 and Form 43-101F1)”, effective date of December 31, 2012 and signature date of February 28, 2013 (“the Technical Report”). I visited the Duparquet Project on February 7, 2012, and I was accompanied by Carl Pelletier, PGeo, for this visit. I revisited the Duparquet Project on July 9 and 10, 2012, and August 2, 2012. 7. I have completed a Mineral Resource Estimate on the Duparquet Project on behalf of Clifton Star Resources Inc. in 2012. 8. I am not aware of any material fact or material change with respect to the subject matter of the Technical Report that is not reflected in the Technical Report, the omission to disclose which makes the Technical Report misleading. 9. I am independent of the issuer applying all of the tests in Section 1.5 of Regulation 43-101. 10. I have read Regulation 43-101 and Form 43-101F1, and the Mineral Resource Estimate and sections of the Technical Report, for which I was responsible, have been prepared in accordance with that instrument and form. 11. 1.I consent to the filing of the Technical Report with any stock exchange and other regulatory authority and any publication by them for regulatory purposes, including electronic publication in the public company files on their websites accessible by the public, of the Technical Report. Effective Date: December 31, 2012 Signature Date: February 28, 2013 (Original signed and sealed) Kenneth Williamson, P.Geo. InnovExplo Inc. 1 If an issuer is using this certificate to accompany a technical report that it will file only with the exchange, then the exchange recommends that this paragraph is included in the certificate. CFO – 43-101 Technical Report and Mineral Resource Estimate- Duparquet 4 www.innovexplo.com CERTIFICATE OF AUTHOR – LAURENT ROY I, Laurent Roy, Eng. (OIQ no.109779) do hereby certify that: 1. I am a Consulting Engineer of: InnovExplo Inc., 560 3e Avenue, Val-d’Or, Québec, Canada, J9P 1S4. 2. I graduated with a Bachelor’s degree in mining Engineering from École Polytechnique (Montréal, Québec) in 1992. 3. I am a member of the Ordre des Ingénieurs du Québec (OIQ, no. 109779). 4. I have worked as an engineer for a total of eighteen (18) years since graduating from university. My mining expertise was acquired while working for Talpa Mining Contractor, Richmont Mines at Francoeur and Beaufor mines, Doyon and CasaBerardi mines. I have been a consulting engineer for InnovExplo Inc. since September 2012. 5. I have read the definition of “qualified person” set out in Regulation 43-101 and certify that by reason of my education, affiliation with a professional association (as defined in Regulation 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of Regulation 43-101. 6. I am responsible for the preparation of Sections 16 (except 16.1.3), 18, 19, 21, and 22, and co- author of Sections 1, 2, 3, and 25 to 27 of the report titled “Technical Report and Preliminary Economic Assessment for the Duparquet Project (compliant with Regulation 43-101 and Form 43- 101F1)”, effective date of December 31, 2012 and signature date of February 28, 2013 (“the Technical Report”). 7. I have never had any prior involvement with the property that is the subject of the Technical Report. 8. I am not aware of any material fact or material change with respect to the subject matter of the Technical Report that is not reflected in the Technical Report, the omission to disclose which would make the Technical Report misleading. 9. I am independent of the issuer applying all of the tests in Section 1.5 of Regulation 43-101. 10. I have read Regulation 43-101 respecting standards of disclosure for mineral projects and Form 43-101F1, and the sections of the Technical Report, for which I was responsible, have been prepared in accordance with that regulation and form. 11. 1.I consent to the filing of the Technical Report with any stock exchange and other regulatory authority and any publication by them for regulatory purposes, including electronic publication in the public company files on their websites accessible by the public, of the Technical Report. Effective Date: December 31, 2012 Signature Date: February 28, 2013 (Original signed and sealed)____ Laurent Roy, Eng. InnovExplo Inc. 1 If an issuer is using this certificate to accompany a technical report that will be filed only with the exchange, then the exchange recommends that this paragraph be included in the certificate. CFO – 43-101 Technical Report and Mineral Resource Estimate- Duparquet 5 www.innovexplo.com CERTIFICATE OF AUTHOR – CARL PELLETIER I, Carl Pelletier, P.Geo. (OGQ, no. 384) do hereby certify that: 1. I am Director Consulting Geologist of: InnovExplo Inc., 560 3e Avenue, Val d’Or, Québec, Canada, J9P 1S4. 2. I graduated with a Bachelor’s degree in Geology (B.Sc.) from Université du Québec à Montréal (Montréal, Québec) in 1992, and I initiated a Master's degree at the same university for which I completed the course program but not the thesis.