TECHNICAL ASSESSMENT REPORT VERIFICATION SAMPLING PROGRAM YETI NW TARGET AREA AND TECK TARGET AREA BRC PROPERTY

ISKUT RIVER DISTRICT

NORTHWESTERN BRITISH COLUMBIA

Location: The property is located approximately 45 kilometres south west of the community of Telegraph Creek and approximately 50 kilometres north of Novagold Resources Galore Creek Project. The approximate geographic centre of the property is situated at Latitude 57 degrees 31' 48”N and Longitude 131 degrees 26' 21”W (UTM 9N: 353700E / 6378800N). The location of the project area relative to other mining claims, access roads and other developed alkalic porphyry copper-gold prospects is illustrated in Figure 1.

Prepared for

BRADES RESOURCE CORP.

Effective Date: October 30, 2012

Author:

C. VON EINSIEDEL, PGEO.

SOW No: 5345044 SOW No: 5411461

Assessment Report dated October 30, 2012 1 TABLE OF CONTENTS

ITEM 1: SUMMARY 5

ITEM 2: INTRODUCTION AND TERMS OF REFERENCE 8

ITEM 3: RELIANCE ON OTHER EXPERTS 8

ITEM 4: PROPERTY DESCRIPTION AND LOCATION 9 4.1 Location 4.2 Property Description 4.3 Provincial Mining Regulations

ITEM 5: ACCESSIBILITY, PHYSIOGRAPHY, INFRASTRUCTURE 11

ITEM 6: HISTORY OF PREVIOUS EXPLORATION 13

ITEM 7: GEOLOGICAL SETTING AND MINERALIZATION 14 7.1 DOK 35 Area 16 7.2 Teck Area 16 7.3 Strata Creek Area 16 7.4 Yeti Area 17 7.5 Yehiniko East Area 17

ITEM 8: DEPOSIT TYPES 8.1 Characteristics of Alkalic and Calc-Alkaline Copper Gold Deposits 17 8.2 Description of the Galore Creek Deposit 18 8.2 Description of the Schaft Creek Deposit 18

ITEM 9: EXPLORATION 9.1 Exploration Work Completed in 2012 by Brades Resources 19 9.2 Statement of Costs for SOW No: 5345044 and 5411461 21

ITEM 10: DRILLING 26

ITEM 11: SAMPLE PREPARATION, ANALYSIS AND SECURITY 26

ITEM 12: DATA VERIFICATION 26

ITEM 13: MINERAL PROCESSING AND METALLURGICAL TESTING 27

ITEM 14: MINERAL RESOURCE ESTIMATES 27

ITEM 15 -22: ADVANCED PROPERTY DISCLOSURE 27

ITEM 23: ADJACENT PROPERTIES 27

ITEM 24: OTHER RELEVENT DATA AND INFORMATION 27

ITEM 25 - 26: CONCLUSIONS AND RECOMMENDATIONS 28

Assessment Report dated October 30, 2012 2 ITEM 27: SOURCES OF INFORMATION 29

DATE AND SIGNATURE PAGE Certificate of Qualified Person: C. von Einsiedel, P.Geo. 30

APPENDIX 1 LIST OF REPORT FIGURES

Figure 1: Locator map of NW BC’s Iskut River District showing staked areas, mines and advanced prospects, parks, access roads and local communities (1:1,000,000). Figure 2: Geological map of NW BC’s Iskut River District showing mines and advanced porphyry copper prospects (1:1,000,000). Figure 3: Regional scale geological map showing Galore Creek, Schaft Creek and the BRC Property (1:250,000). Figure 4: Regional scale stream sediment survey map showing copper anomalies associated with Galore Creek, Schaft Creek and the main areas of interest within the BRC Property (1:250,000). Figure 5: Regional scale airborne magnetic survey map showing Galore Creek, Schaft Creek and the BRC Property (1:250,000). Figure 6: BRC Project area map showing mineral claim tenure reference numbers, location of the base camp constructed in 2009 and location of 2012 exploration programs (1:100,000). Figure 7: Yeti Area Index Map Showing Areas of Historic Sampling by Sample Type and ARIS Report No. and Exploration Work Completed by Brades in 2012 (1:50,000 scale) Figure8: Teck – Doc 35 Area Index Map Showing Areas of Historic Sampling by Sample Type and ARIS Report No. and Exploration Work Completed by Brades in 2012 (1:50,000 scale)

Figure 9: Yeti NW Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Gold Values in PPB (1:50,000 scale)

Figure 10: Yeti NW Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Copper Values in PPM (1:50,000 scale)

Figure 11: Teck Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Gold Values in PPB (1:50,000 scale)

Figure 12: Teck Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Copper Values in PPM (1:50,000 scale)

Assessment Report dated October 30, 2012 3 LIST OF LARGE FORMAT TECHNICAL FIGURES TO SHOW 2012 EXPLORATION WORK

Figure LF-01: Yeti NW Area Detail Map Showing 2012 and Historic Rock, Stream and Soil Geochemical Sample Locations Sample Type (1:5,000 scale)

Figure LF-02: Yeti NW Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Gold Values in PPB (1:5,000 scale)

Figure LF-03: Yeti NW Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Copper Values in PPM (1:5,000 scale)

Figure LF-04: Teck Area Detail Map Showing 2012 and Historic Rock, Stream and Soil Geochemical Sample Locations Sample Type (1:5,000 scale)

Figure LF-05: Teck Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Gold Values in PPB (1:5,000 scale)

Figure LF-06: Teck Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Copper Values in PPM (1:5,000 scale)

APPENDIX 2 ALS CHEMEX ASSAY REPORTS Appendix 2.1: ALS Chemex Assay Report No.VA12234441 (verification samples collected from the Teck Area) Appendix 2.2: ALS Chemex Assay Report No.VA12234442 (verification samples collected from the Yeti NW Area) Appendix 2.3: ALS Chemex Assay Report No.VA12242012 (Stream sediment samples collected from the Yeti NW Area)

APPENDIX 3 PRELIMINARY PETROGRAPHIC REPORT – TECK AREA STOCKWORK ZONE

Assessment Report dated October 30, 2012 4 ITEM 1: SUMMARY

Brades Resource Corp. (“Brades”) holds an extensive land package covering several early stage porphyry and stockwork type copper-gold prospects located in the Iskut River District, northwestern BC. (the “BRC Property”). Large scale exploration programs since 2005 at Novagold Resources’ Galore Creek Project (located approximately 50 km to the south of the BRC Property), and at Copper Fox Resources Schaft Creek Property, (located approximately 45 km to the southeast of the BRC Property), have significantly increased the copper and gold resources at both projects and demonstrate the Iskut River District’s potential for large copper and gold deposits.

The BRC Property was acquired primarily by staking between 2007 and 2009. The nearest road accessible community is Telegraph Creek located approximately 40 kilometers to the north east. The physiography of the project area is rugged and at present the only way to access the property is by helicopter or float plane from Telegraph Creek or Dease Lake.

The Galore Creek Deposit is classed as an alkalic porphyry and is localized in Triassic aged andesitic rocks belonging to the Stuhini group that have been intruded by a series of late Triassic to early Jurassic aged felsic stocks and dykes. The main mineralized zones are localized within structurally controlled, potassium feldspar and biotite rich alteration zones and are flanked by propylitic alteration mineralized with pyrite. Schaft Creek is also localized within Stuhini group volcanic rocks but is classified as a calc-alkaline porphyry. Geological models for Schaft Creek show that mineralization is associated with both deep seated potassic alteration zones and within peripheral, propylitic altered stockworks and breccia zones.

According to the BC Ministry of Mines (BCMEM) Minfile database the known copper and gold mineral occurrences within the BRC Property exhibit mineralization and alteration characteristics typical of porphyry and stockwork type copper-gold deposits. These occurrences have been documented by various previous workers including Teck Corp., the Geological Survey of Canada, the Swiss Aluminum Mining Company, Schellex Gold Corp., and several other junior mining companies. Geological maps available online from the BCMEM confirm that the BRC Property is underlain by Stuhini Group volcanic rocks and various felsic intrusive rock units, which is the same geological setting that hosts the Galore Creek and Schaft Creek deposits. Regional scale stream sediment survey maps and regional scale airborne magnetic survey maps (available online from the BCMEM) also suggest geological similarities between the BRC Property and the Galore Creek and Schaft Creek areas.

Based on the distribution of regional scale stream sediment copper geochemical anomalies and published technical information concerning the various known copper-gold prospects in the project area (technical data available from the BC Minfile database) there appear to be five main areas of interest within the BRC Property. For reference, these are referred to as the DOK 35 Area, the Teck Area, the Yeti Area, the Strata Creek Area and the Yehiniko East Area.

The DOK 35 Area is located in the north western part of the BRC Property and consists of three known Minfile prospects which reportedly exhibit propylitic alteration and copper mineralization in andesitic volcanic rocks. Historic technical reports document prospecting programs and widely spaced geochemical sampling programs that identified numerous gossan zones and “copper in soil” anomalies including a 400 meter wide anomaly (referred to as the DOK 35 Prospect) that exhibits values ranging from 247 ppm to 800 ppm copper. It is also

Assessment Report dated October 30, 2012 5 important to note that the western boundary of the DOK 35 Area adjoins a package of claims owned by unrelated parties that cover the DOK Prospect (located approximately five kilometers northwest of the DOK 35 Prospect). Previous exploration work at the DOK Prospect documents extensive biotite – feldspar alteration and trench sampling results of up to 0.66% copper over 38 meters. The style of alteration and tenor of mineralization reported at the DOK Prospect are similar to that encountered at Galore Creek; however, it is important to note that there is no assurance that similar mineralization will be identified within the claims that are the subject of this report. Regional stream geochemistry data shows elevated copper values in stream sediments draining the DOK 35 Area; however, the extent of the soil geochemical anomalies has not yet been determined. Additional information concerning the DOK Prospect is included in the section titled “Adjacent Properties”.

The Teck Area is located in the southwestern part of the BRC Property and covers two Minfile prospects which are reportedly localized within a large area of propylitic alteration originally identified by Teck Corp in 1980. According to published assessment reports Teck identified a stockwork / vein system approximately 100 meters wide within the propylitic alteration zone that could be traced along strike for 250 meters. The stockwork / vein system is highly oxidized at surface and reportedly returned sample assays ranging from trace values to 0.05% Mo, 0.20% Cu, 10 g/t Ag, 0.8 g/t Au and 0.17% W. The assessment reports prepared by Teck note that potential extensions of the stockwork zone are overburden covered and also note the presence of several different intrusive and volcanic breccia units. Regional stream geochemistry data shows elevated copper values in stream sediments draining the Teck Area. The overall size of the gossan zone and the presence of the various breccia units noted by Teck are consistent with typical porphyry copper style mineralization and there is no record of any detailed follow up exploration in this area other than verification sampling carried out by Brades.

The Yeti Area is located in the east central part of the BRC Property and covers a single Minfile prospect. According to Sivertz, 1991, this area hosts a north trending, 300 hundred meter wide quartz and carbonate stockwork zone that has been traced for over 600 meters. The veins are reported to be variably mineralized with gold and copper and reported sample results from veins within the zone range from several hundred ppb to several grams of gold including one grab sample that returned 24 g/t gold. Copper is reported as chalcopyrite or copper oxides throughout the stockwork zone and sampling reportedly returned several samples that contained in excess of 1% copper. The reported mineralization at the Yeti prospect is consistent with stockwork type copper – gold occurrences and there is no published record of any systematic exploration or drill testing of this prospect other than the verification sampling carried out by Brades in 2010.

The Strata Creek Area is located in the north central and north eastern part of the BRC Property and consists of five Minfile prospects that all of which are located within the claim area. Regional stream geochemistry data shows elevated copper values in stream sediments draining the Strata Creek Area. However, the most important of these Minfile prospects is believed to be the Yenihiko West Prospect which is plotted in the northeastern part of the claim area. According to Souther (GSC Paper 71-44) there is a large alteration zone containing copper mineralization that appears to be related to a north trending fault zone. The Yehiniko East Area consists of a single Minfile prospect plotted within the south eastern part of the BRC Property. According to the Minfile database this prospect also consists of a large alteration zone identified by the Geological Survey of Canada (“GSC”). According to Souther (GSC Paper 71-44) there is a large alteration zone containing some copper mineralization that occurs around the contact

Assessment Report dated October 30, 2012 6 between the Yehiniko pluton and the Stuhini volcanics. Regional stream geochemistry data shows elevated copper values in stream sediments draining the Yehiniko East Area.

Based on the potential to expand known mineralized zones and identify new areas of mineralization, Brades acquired the BRC Property and has carried out several exploration programs. Since the Property was acquired Brades has completed an airborne geophysical survey in the Strata Creek Area, repaired an existing air strip and constructed a base camp in the northeastern part of the property, completed helicopter assisted programs of geological mapping and verification sampling within the Teck Area and the Yeti Area, prepared detailed 3D elevation models for the main areas of interest and completed a detailed structural interpretation to identify the structural controls on mineralization.

Between May 15 and October 19, 2012 additional technical assessment work was completed on the BRC Property. This work was recorded on two separate Statements of Work - SOW No.5345044 recorded on June 14, 2012 and SOW 5411461 recorded on October 19, 2012. The total cost of the exploration work completed for Brades Resources during 2012 was $51,000.

The work carried out in May and June of 2012 consisted of a follow up stream and rock sampling program designed to verify results reported by Toscana Resources in 1990 (Assessment Report No.21168) in an area referred to as YetI NW Area. The work completed in September and October of 2012 consisted of rock sampling in an area of stockwork type veining referred to as the Teck Area that was originally identified by Teck in 1980 (Assessment Report 9617). As part of this program some of the building materials required for construction of a temporary camp were transported to the Teck Area by helicopter from an existing base camp located at the King Property approximately 15 kilometers north of the Bronson airstrip.

Previous stream sediment and rock sampling reported by Toscana in 1990 identified anomalous copper values in streams and stockwork copper – gold and porphyry copper type mineralization on the west side of Yehiniko Creek. Field crews were mobilized from Vancouver to Dease Lake in late May and transported by local helicopter provider Pacific Western Helicopters to the camp site constructed by Brades in 2009 at the old airstrip on Yehiniko Lake. Between May 29 and June 6 field personnel made multiple traverses from the airstrip to the areas along the west side of Yehiniko Creek that were sampled by Toscana in 1990. A total of 19 rock and 22 stream samples were collected.

In the Teck Area a total of 20 rock samples were collected from an area of stockwork type veining identified by Teck in 1980. All of the samples collected were also submitted for petrographic analysis by thin section at Vancouver Petrographics. A previous site visit in 2007 involved sampling of a second area of structurally controlled mineralization located several hundred meters upslope from the area of stockwork veining. The objectives of the program were to verify previous reports of mineralization and to assess priorities for a planned follow-up sampling program to be carried out by Brades in 2013.

Assessment Report dated October 30, 2012 7 ITEM 2: INTRODUCTION AND TERMS OF REFERENCE The Author was requested by Brades Resource Corp. to review all available historic technical information for the BRC Property and the surrounding area; to supervise completion of a preliminary exploration program on the BRC Property and if warranted, to plan and recommend a follow-up program to explore the mineral potential of the claims. Brades Resources Corp. intends to utilize this technical report in support of an application to the TSX Venture Exchange for an Initial Public Offering.

Sources are listed in the Terms of Reference section of this report and are cited where appropriate in the body of this report. The reports listed in the Terms of Reference section of this report appear to have been completed by competent professionals without any misleading or promotional intent.

The qualified person who is the Author of this report worked on various exploration projects in the Galore Creek area between 2002 and present for several junior resource companies. The Author visited the BRC Property several times between 2007 and 2009 and again between September 23 and September 26, 2012. I have worked as an exploration geologist for a total of 23 years since graduation from University. I have extensive work experience in western and northern Canada and in Mexico. I have worked on several copper - gold projects in northwestern British Columbia. I personally supervised all of the exploration work carried out by Brades Resource Corp. between August 2007 and October 2012.

ITEM 3: RELIANCE ON OTHER EXPERTS

The Author has prepared this report based on information which is believed to be accurate but which is not guaranteed. The available technical data for the BRC property consists of regional geological and airborne geophysical information compiled by the BCMEM and documentation regarding field investigations completed within the claim area by various previous workers including Teck Corp., the Geological Survey of Canada, the Swiss Aluminum Mining Company, and various other field geologists and junior mining companies.

The main source of regional geological information concerning the project area is Bulletin 92 and Bulletin 104 published by the British Columbia Ministry of Energy and Mines. The Author has no reason to doubt the accuracy or completeness of the contained information.

The Author conducted an online enquiry on the BC Mineral Titles online website on February 1, 2012 and confirmed that all of the mineral tenures that comprise the BRC Property are in good standing. To the best of the Author’s knowledge at the time of writing of this report, the BRC Property is free of any liens or pending legal actions and is not subject to any underlying royalties, back-in rights, payments or other encumbrances.

To the best of the Author’s knowledge, there are no known existing environmental liabilities to which the property is subject, other than the requirement to mitigate any environmental impact on the claims that may arise in the course of normal exploration work and the requirement to remove any camps constructed on the BRC Property or any equipment used in exploration of the claims in the event that exploration work is terminated.

Assessment Report dated October 30, 2012 8 ITEM 4: PROPERTY DESCRIPTION AND LOCATION

4.1 Location

The property is located approximately 45 kilometres south west of the community of Telegraph Creek and approximately 50 kilometres north of Novagold Resources Galore Creek Project. The approximate geographic centre of the property is situated at Latitude 57 degrees 31' 48”N and Longitude 131 degrees 26' 21”W (UTM 9N: 353700E / 6378800N). The location of the project area relative to other mining claims, access roads and other developed alkalic porphyry copper- gold prospects is illustrated in Figure 1.

4.2 Property Description

The original BRC Property consisted of 38 contiguous map staked mineral titles which form an irregular shaped block comprising 14,113.50 hectares. Figure 6 shows the location of each of the claims relative to generalized topographic features and the main areas of interest described in the Summary section.

The Company initially acquired a 100% interest in the Property by direct purchase and staking between April of 2007 and September of 2008. On December 16, 2011, 13 peripheral mineral tenures of the original 38 mineral tenures comprising the BRC property were allowed to lapse and were re-staked to reduce claim assessment work requirements. On December 24, 2011, one additional tenure was staked, increasing the total mineral tenures for the BRC Property to 39, now comprising of 14,113.50 hectares. The following table is a list of claims, owned by the Company , comprising the Property effective October 30, 2012. ).

Table 1: Listing of claims, owned by Brades Resources Corp., comprising the BRC Property effective October 30, 2012.

Tenure Number Good To Date Area (ha) 556978 2013/may/15 347.4036 558764 2013/may/15 416.8577 558765 2013/may/15 399.6088 558766 2013/may/15 417.1014 558767 2013/may/15 417.0498 558768 2013/may/15 417.166 558770 2013/may/15 434.2366 558779 2013/may/15 417.2261 558780 2013/may/15 417.2996 558781 2013/may/15 434.8133 558782 2013/may/15 434.8693 558783 2013/may/15 435.0142 558786 2013/may/15 435.1336 558797 2013/may/15 433.9856 569236 2013/may/15 435.0854 570447 2013/may/15 469.1015 577682 2013/may/15 156.44 577685 2013/may/15 208.6578 577687 2013/may/15 312.77

Assessment Report dated October 30, 2012 9 577688 2013/may/15 156.4399 577691 2013/may/15 52.1465 577693 2013/may/15 260.6536 591473 2013/may/15 312.8776 591474 2013/may/15 416.7632 591475 2013/may/15 433.957 937691 2013/may/15 69.4524 937695 2013/may/15 434.2973 937697 2013/may/15 434.624 937699 2013/may/15 364.5659 937702 2013/may/15 399.4636 937703 2013/may/15 365.0413 937704 2013/may/15 312.5138 937705 2013/may/15 417.2689 937707 2013/may/15 434.8013 937708 2013/may/15 417.445 937710 2013/may/15 417.5779 937712 2013/may/15 400.1151 937715 2013/may/15 417.2837 938777 2013/may/15 156.3974 TOTAL: 14113.5057

4.3 Provincial Mining Regulations

The Property is owned 100% by the Company and is not subject to any royalties, back in rights, payments or other agreements. Prior to July 1, 2012 BC Ministry of Mines regulations required that title to the claims be maintained through the performance of annual assessment work filings and payment of required fees. For the first three years after a claim was staked a minimum of $4.00 per hectare in eligible exploration and development expenditures needed to be incurred. In subsequent years, a total of $8.00 per hectare in eligible exploration expenses needed to be incurred. Effective July 1, 2012 new regulations came into effect that changed the requirements from a 2-tier system to a 4-tier system and have significantly increased the minimum exploration expenditures that are required to maintain mineral tenures in good standing. Under the new regulations all mineral tenures are deemed to be in their first anniversary year and the new minimum exploration expenditures will be $5.00 per hectare for anniversary years 1 and 2, $10.00 per hectare for anniversary years 3 and 4; $15.00 per hectare for anniversary years 5 and 6 and $20.00 per hectare for each subsequent anniversary year.

Prior to July 1, 2012 holders of mineral tenures had the option of making payments equivalent to the minimum exploration and development expenditures (referred to as PIED) required by the Ministry of Mines instead of incurring the required expenditures. Under the old regulations a minimum of one day and a maximum of one year of PIED could be applied to mineral tenures. Under the regulations which come into effect July 1, 2012 the holders of mineral tenures will still have the option of making payments instead of exploration and development work however, the new PIED rate will be set at double the value of the minimum exploration and development expenditures required. In addition to the changes in the PIED rate tenure holders who elect to make payments instead of incurring expenditures will need to pay for a minimum of 6 months which under the new regulations will be equivalent to the minimum expenditures for an entire year. Similar to the assessment work requirements, if a recorded holder wishes to

Assessment Report dated October 30, 2012 10 register PIED, the claim will also be treated as if it is in its first anniversary year for the purpose of calculating the assessment requirement, as of the date of implementation (July 1, 2012).

To the best of the Author’s knowledge, government permits are required to carry out the proposed exploration programs and for any follow up diamond drilling program recommended after completion of Stage 1 and2. These programs require application to the British Columbia Ministry of Energy and Mines for permits and the Issuer may be required to post security equivalent to the estimated costs of any reclamation work which will be required after completion of the proposed exploration work. In May, 2009 the Author applied to the BC Ministry of Mines regional office in Smithers for a permit to carry out the proposed Stage 1 Program and approval was granted pursuant to Reclamation Permit MX-1-806. The exploration permit was initially valid to September 30, 2011. In June 2011 the Author applied to the BC Ministry of Mines for an extension and the Reclamation Permit has been extended to December 30, 2013.

To the best of the Author’s knowledge approval from local First Nations communities may also be required to carry out the proposed Stage 2 exploration program. The reader is cautioned that there is no guarantee that the Issuer will be able to obtain approval from local First Nations. However, the Author is not aware of any problems encountered by other junior mining companies in obtaining approval to carry out similar programs in nearby areas nor is the Author aware of any instances where local First Nations communities have objected to exploration work in the general project area.

To the best of the Author’s knowledge, none of the claims which comprise the BRC Property have surface rights. In the event that a significant mineralized zone is identified detailed environmental impact studies will need to be completed prior to initiation of any advanced exploration or mining activities. The reader is cautioned that there is no guarantee that areas for potential mine waste disposal, heap leach pads, or areas for processing plants will be available within the subject property.

ITEM 5. ACCESSIBILITY, CLIMATE, PHYSIOGRAPHY AND INFRASTRUCTURE

5.1 Accessibility and Infrastructure

Access to the BRC Property is by way of helicopter or fixed wing aircraft from the community of Telegraph Creek approximately 45 kilometres north east of the property. Figure 1 shows the location of the BRC Property relative to nearby access roads, mines and other developed prospects. It is also possible to land a float plane on Yehiniko Lake located at the north eastern corner of the property. Alternatively the claims could be accessed by helicopter from the Bob Quin airstrip located on Highway 37. Crews travelling to and from the site can stay at Telegraph Creek. Driving time to Telegraph Creek from Terrace or Smithers is approximately ten or twelve hours. Experienced field personnel and drilling contractors are available in the communities of Terrace and Smithers.

The only infrastructure existing in the project area is a rough airstrip located adjacent to Yehiniko Lake in the northeastern part of the BRC Property. A base camp for crew accommodation for completion of the proposed Stage 1 program was constructed on the

Assessment Report dated October 30, 2012 11 airstrip in September of 2009. At present there is no other infrastructure in the vicinity of the subject property.

There are abundant water sources within and adjacent to the BRC Property. At present there are no power sources available at the property. Although no detailed assessment has been undertaken to determine if there are areas within the Property that could be used for tailings and or waste disposal the physiography of the north eastern parts of the Property may be permissible for such uses. The reader is cautioned that there is no guarantee that areas for potential mine waste disposal, heap leach pads, or areas for processing plants will be available within the BRC Property.

It may be technically feasible at some point in the future to either barge equipment across the Stikine River or construct a bridge across the Stikine River from existing road access to Telegraph Creek and Glenora on the north side of river and construct an access road along Yehiniko Creek a distance of approximately 30 kilometers. However, no engineering studies have been undertaken to determine costs or potential environmental impacts. The reader is cautioned there is no guarantee that construction of an access road would be approved by Federal and Provincial regulators or affected First Nations.

5.2 Physiography, Climate, Vegetation and Current Land Use

The physiography of the BRC Property is extremely rugged, outcrop is extensive along the ridges but the slopes of the creeks within the project area are generally soil or talus covered. The western part of the claim group includes the DOK 35 Area and the Teck Area and covers the southwest facing slope of Dokdaon Creek and the ridge between Dokdaon and Strata Creek. The slopes are generally steep with elevations ranging from 700 meters in Dokdaon creek to 1,500 meters on the ridge. Exposure is good in the upper parts of the ridge area but much of the slopes are soil or talus covered.

The central and northeastern parts of the claim group comprise the Strata Creek Area and the Yeti and Yehiniko East Areas and cover Quatrino Creek and the Yehiniko Creek in the eastern part of the claim area. Satellite imagery shows that the lower slopes of the creeks are covered with scrub brush and stunted spruce with the upper slopes devoid of vegetation except for alpine grasses and flowers.

The project area is in the rain shadow of the Coast Range Mountains in the boundary area of the Coast Mountain and Intermontane physiographic belts giving the area a modified continental climate typified by long cold winters and short cool summers. The average annual temperature at Galore Creek is 0.4 degrees Celsius with 2278 mm of precipitation. At Schaft Creek, 40 kilometers to the south east the average temperature is -1.1 degree Celsius with 741 mm of precipitation. The BRC Property likely has a climate similar to Schaft Creek with 700 to 800 mm of precipitation annually (50% as snow), a mean summer temperature of 6-7 degrees and mean winter temperature of -8 to -10 degrees. The property is generally free of snow for approximately four months of the year. In general, exploration work in this area is carried out from July until October. Due to limited access current land use is limited to hunting.

Assessment Report dated October 30, 2012 12 ITEM 6. HISTORY OF EXPLORATION

According to Sivertz the first Canadian geologists to explore the Stikine River area were G.M. Dawson and R. McConnell in 1887. Their reconnaissance surveys were followed up by Kerr (1924-1929) and Souther (1971) and most recently, mapping of parts of the project area has been completed by the BCMEM geologists (Brown, Greig and Gunning, 1990-1991). Exploration for minerals began in 1860 with the prospecting of the Stikine River for placer gold. Lode gold prospecting occurred concurrently with placer mining but modern base metal exploration did not begin in earnest until the 1950’s as helicopters came into general use. The important Galore Creek, Copper Canyon and Schaft Creek porphyry copper deposits were discovered in the first decade of this period of exploration beginning with Galore Creek in 1955.

The decade of the 1970’s saw sporadic, low intensity exploration work in the general area; however, the arrival of the 1980’s and the increase in precious metal prices started a renewed, sustained exploration effort. Exploration work during this period was directed towards precious metal deposits and resulted in the discovery of the Snip and Eskay Creek Deposits in the south eastern part of the Iskut River District. Since 2003 sustained increases in both copper and gold prices have generated considerable interest in the Iskut River area and major exploration programs have been undertaken at both Galore Creek and at Schaft Creek resulting in significant expansions of the copper and gold resources at these projects.

During the 1980’s and 1990’s several exploration programs were carried out in various parts of the current BRC Property by various exploration companies. Based on the distribution of regional scale stream sediment copper and gold geochemical anomalies and information concerning the various known copper-gold prospects in the project available from the BCMEM Minfile database there appear to be five main areas of interest within the BRC Property. For reference these are referred to as the DOK 35 Area, the Teck Area, the Yeti Area, the Strata Creek Area, and the Yehiniko East Area.

During the early 1970’s, the Swiss Aluminum Mining Company carried out geological mapping and widely spaced soil geochemical surveys within the area referred to as the DOC 35 Prospect. This work identified numerous gossan zones and “copper in soil” anomalies including a 400 meter wide anomaly (referred to as the DOK 35 Prospect) that exhibits values ranging from 247 ppm to 800 ppm copper along with elevated molybdenum values.

In the early 1980‘s Teck Exploration reportedly identified a stockwork / vein system approximately 100 meters wide within the propylitic alteration zone that could be traced along strike for 250 meters. The stockwork / vein system is highly oxidized at surface and reportedly returned sample assays ranging from trace values to 0.05% Mo, 0.20% Cu, 10 g/t Ag, 0.8 g/t Au and 0.17% W. The reports prepared by Teck note that potential extensions of the of the stockwork zone are overburden covered.

In the early 1990’s Schellex Gold Corp. and various other junior mining companies (including Toscana Resources) carried out reconnaissance scale prospecting and sampling in the area referred to as the Yeti Prospect. Shellex reportedly identified a north trending, 300 hundred meter wide quartz and carbonate stockwork zone with copper and gold mineralization that was traced for over 600 meters.

Assessment Report dated October 30, 2012 13 ITEM 7. GEOLOGICAL SETTING AND MINERALIZATION

Author’s note: The majority of the information in this item is excerpted from Bulletin 92 and Bulletin 104 published by the British Columbia Ministry of Energy and Mines.

The Stikine River – Yehiniko Lake Area is underlain by rocks belonging to the Stikine Terrane which are part of the Intermontane Belt. The Stikine terrane includes three major groups of rocks in this part of the Iskut River District. These include island-arc volcanic and sedimentary rocks of the Paleozoic Stikine assemblage, Upper Triassic Stuhini Group marine-arc volcanic and sedimentary rocks, and Hazelton Group rocks consisiting of equivalent Lower-Middle Jurassic volcanic and sedimentary rocks. Overlapping the volcano-sedimentary rocks are various erosional remnants of the Upper Cretaceous to Eocene age Sustut and Sloko volcanic rocks.

These supracrustal rocks are intruded by stocks, plugs dikes and sills ranging in age from Mid- Triassic to Tertiary. The intrusive rocks range in composition from from diorite to granite with the larger plutons generally comprised of biotite-hornblende granodiorite. Within the project area the regional structural style involves north to northwest striking and east to northeast striking faults.

According to Bulletin 104, alkalic porphyry copper deposits occur throughout the Intermontane Belt in both the Stikine and Quesnel Terranes and are restricted to the volcanic island arc assemblages of the Nicola, Takla and Stuhini groups. The best known example of the alkaline porphyry copper deposits in the Stikine Terrane is the Galore Creek deposit located approximately 50 kilometers south of the BRC property. Galore Creek is presently the focus of an intensive evaluation by Nova Gold Resources Ltd. Age dating shows that U-Pb ages are similar (circa 200 to 210 Ma) for intrusions associated with porphyry Cu-Au deposits in both the Stikine and the Quesnel terranes. Multiple alkaline intrusions and associated ultramafic phases are also present at Galore Creek. U-Pb dates of 205.1 ±2.3 (zircon) and 200.1±2.2 (titanite) for the potassium feldspar megacrystic syenite porphyry at Galore Creek constrain emplacement ages and brackets Cu-Au mineralization.

The BRC Property lies within an important base and precious metal-rich part of Northwestern British Columbia, termed the “Stikine Arch or Golden Horseshoe”. The Horseshoe extends north from Alice Arm to the Taku River, east of the Coast Belt, and wraps back around the northwestern edge of the Bowser basin as far east as the Toodoggone River. The distribution of mineral occurrences in the map area (except stratiform types) shows a direct correlation with north and northeast striking faults and Late Triassic to Early Jurassic intrusive rocks.

According to the geological map available from the BC Government the western part of the BRC Property is underlain mainly by andesitic volcanic rocks belonging to the Stuhini Group. Coast Range granitic intrusive and Permian aged sedimentary rocks dominate the area to the west of the claim area. The andesitic rocks are intruded by tabular and irregular bodies of syenite and quartz porphyry (felsites). Figure 7 shows the geology of the claim area.

Assessment reports completed by the Swiss Aluminum Mining Co. on the DOK 35 Area describe extensive areas of highly fractured, propylitic altered andesites containing pyrite and scattered chalcopyrite mineralization. The best copper mineralization is developed along structural zones within areas of higher grade alteration which exhibit biotite and K-feldspar alteration.

Assessment Report dated October 30, 2012 14 Assessment reports prepared by Teck Corp. concerning exploration work carried out in the southwestern part of the BRC Property identified large area of granodiorite with a large pendant of Stuhini group volcanic rocks. The rock units described by Teck include volcanic breccias, granodiorite breccias felsites and feldspar porphyry’s and later andesitic and basaltic dykes that crosscut all rock types. The stockwork zones and the north trending bleached fault zones identified by Teck are localized within and along the margins of the roof pendant. According to Sivertz, 1991 the eastern part of the BRC Property is also underlain by Stuhini Group andesitic rocks. These rocks are intruded by biotite – hornblende tonalite of the mid Triassic aged Nightout Pluton along the eastern side of the BRC Property.

The regional scale north, northwest and north northeast oriented faults cut the andesitic rocks and are associated with large gossan zones and areas of propylitic alteration and scattered copper mineralization. Several major fault systems are present within the property including a north-northwest system, a northeast system and a north trending system present in the eastern part of the property. All of the fault systems are reportedly steeply dipping normal faults. The northeast system is the older and is offset by the north northwest system. It appears to control the rock type distribution. The north and north-northwest fault systems may control the mineralization.

According to Blann, 1992, the Stuhini Group rocks are comprised primarily of massive feldspar crystal lithic, lapilli tuff and flows of andesite to basalt composition. Subvolcanic to hypabyssal units are common throughout the property. Augite-hornblende porphyritic basaltic andesite and feldspar (plag.) porphyritic diorite-andesite occur locally with megacrystic textures. Most of the porphyritic units are mapped as volcanic rocks, corresponding to the recent regional work done by the GSC.

According to the BCMEM online database (Minfile) the BRC Property covers eleven known copper-gold mineral occurrences (Minfile prospects) many of which exhibit mineralization and alteration characteristics typical of porphyry copper-gold deposits. The known occurrences were documented by various previous workers including Teck Corp., the Geological Survey of Canada, the Swiss Aluminum Mining Company, and various geologists and junior mining companies and have all been incorporated into the BC Minfile database. Geological maps available online from the BCMEM confirm that the BRC Property is underlain by Stuhini Group volcanic rocks and various felsic intrusive which is the same geological setting that hosts the Galore Creek and Schaft Creek deposits. Regional scale stream sediment survey maps and regional scale airborne magnetic survey maps (available online from the BCMEM) also indicate similarities between the BRC Property and the Galore and Schaft Creek areas.

Based on the distribution of regional scale copper and gold geochemical anomalies and information concerning the various known copper-gold prospects in the project available through the BC Minfile database there appear to be five main areas of interest within the DOK 35 Project. For reference these are referred to as the DOK 35 Area, The Teck Area, The Yeti Area, The Strata Creek Area and the Yehiniko East Area.

Assessment Report dated October 30, 2012 15 7.1 DOK 35 Area

The DOK 35 Area is located in the north western part of the BRC Property and according to BC the BC Minfile database there are 3 known prospects within this area (104G039 – DOK 35 Prospect, 104G084 – Gu North Prospect, and 104G075 – GU Prospect) which exhibit propylitic alteration and copper mineralization in andesitic volcanic rocks. Previous prospecting programs and widely spaced geochemical sampling programs identified numerous gossan zones and “copper in soil” anomalies including a 400 meter wide zone (referred to as the DOK 35 Prospect) that exhibits values ranging from 247 to 800 ppm copper along with elevated molybdenum values. It is important to note that the western boundary of the DOK 35 Area adjoins a package of claims owned by unrelated parties that cover the DOK Prospect (located approximately 5 kilometers northwest of the DOK 35 Prospect). Previous exploration work at the DOK Prospect documents extensive biotite – feldspar alteration and trench sampling results of up to 0.66% copper over 38 meters. The style of alteration and tenor of mineralization at the DOK Prospect are similar to that encountered at Galore Creek however it is important to note that there is no assurance that similar mineralization will be identified within the claims that are the subject of this report. Additional information concerning the DOK Prospect is included in the section titled Adjacent Properties.

7.2 Teck Area

The Teck Area consists of a large area of alteration and mineralization originally identified by Teck Corp in 1980 located along the slopes above Dokdaon Creek in the south western part of the BRC Property. The BC Minfile database indicates that there are 2 known prospects in this area (104G058 – MARG WEST and 104G089 – MARG EAST). According to Assessment Report No.9617, Teck identified a stockwork / vein system approximately 100 meters wide that could be traced along strike for 250 meters and a north trending fault system that had undergone intense bleaching, silicification and pyritization. The stockwork / vein system is highly oxidized at surface and reportedly returned sample assays ranging from trace values to 0.05% Mo, 0.20% Cu, 10 g/t Ag, 0.8 g/t gold and 0.17% W. Samples from the north trending fault zone reportedly ranged from 0.03 to 1.26% Cu, 6 to 110 g/t Ag and trace to 2.6 g/t gold. The assessment report prepared by Teck Corp. notes that potential extensions of the of the stockwork zone are overburden covered and also notes the presence of several different intrusive and volcanic breccia units. Regional stream geochemistry data shows elevated copper values in stream sediments draining the Teck Area. The overall size of the gossan zone and the presence of the various breccia units noted by Teck are consistent with typical porphyry copper style mineralization and there is no record of any detailed follow up exploration in this area other than verification sampling carried out by Brades. Figures 10 and 11 and 3D perspective views of the Teck Area .

7.3 Strata Creek Area

The Strata Creek Area is located in the central and north eastern part of the BRC Property and according to the BC Minfile database there are five documented prospects within this part of the claim area (104G136 – PLAYER, 104G134 – PLUM, 104G135 MUFFLE, 104G129 CHUCKSTER and 104G112 – YEHINIKO WEST). Regional stream geochemistry data shows elevated copper values in stream sediments draining the Strata Creek Area however, the most important of these Minfile prospects is believed to be the one which is plotted in the northeastern part of the

Assessment Report dated October 30, 2012 16 claim area. According to Souther (GSC Paper 71-44) there is a large alteration zone containing copper mineralization that appears to be related to a north trending fault zone. There is no published record of follow-up exploration work on this prospect.

7.4 Yeti Area

The Yeti Area is located in the east central part of the BRC Property and covers a single Minfile prospect (104G127 - BROWNIE). According to Sivertz, 1991 this area hosts a north trending, 300 meter wide quartz and carbonate stockwork zone that has been traced for over 600 meters. The veins are reported to be variably mineralized with gold and copper and reported sample results from veins within the zone range from several hundred ppb to 24 g/t gold. Copper is reported as chalcopyrite or copper oxides throughout the stockwork zone and sampling reportedly returned several samples that contained in excess of 1% copper. This part of the property was acquired after the 2007 work program was completed and was visited in September 2010. Representative chip samples collected by the Author across widths of 1.0 to 2.0 meters within the stockwork zones returned copper values ranging from 0.415% 1.940% copper and gold values of up to 0.467 g/t and confirmed the presence of significant copper and gold mineralization. Figures 8 and 9 are 3D perspective views of the Yeti Area.

7.5 Yehiniko East Area

The Yehiniko East Area consists of a single Minfile prospect (104G111 – YEHINIKO EAST) plotted within the south eastern part of the BRC Property. According to the Minfile database this prospect also consists of a large alteration zone identified by the GSC. According to Souther (GSC Paper 71-44) there is a large alteration zone containing copper mineralization that occurs around the contact between the Yehiniko pluton and the Stuhini volcanics.

ITEM 8 DEPOSIT MODELS

8.1 Characteristics of alkalic and calc alkaline porphyry and stockwork copper-gold deposits (Reference BCEMPR Bulletin 092)

Alkalic and calc-alkaline porphyry copper-gold deposits occur throughout the length of the Intermontane Belt in both Stikinia and, Quesnellia (northern and central BC). These deposits occur either within intrusive rocks or in volcanic and sedimentary rocks associated with the intrusive bodies. These types of deposits are common in the Iskut River District comprising over 25% of the reported mineral occurrences. In these deposits chalcopyrite and other copper minerals, pyrite and molybdenite occur in low grade fracture fillings and in disseminated form. Gold may be a minor but still significant component.

These types of deposits tend to occupy brecciated and faulted zones related to extensively altered subvolcanic intrusions and their volcanic host rocks. Alteration patterns for alkali type porphyry deposits are distinctly different from those of classic calcalkaline deposits which are characterized by concentric phyllic-argillic-propylitic zones. The alkalic deposits typically have a central potassic-or sodic plagioclase zone which passes outward into a propylitic zone. These often overlap and are overprinted by retrograde metasomatic alteration. Magnetite breccias and disseminations are associated with the potassic alteration zone, which hosts most of the

Assessment Report dated October 30, 2012 17 copper and gold mineralization. Disseminated pyrite and minor copper mineralization mantle the propylitic alteration zone.

8.2 Description of the Schaft Creek Deposit

The Schaft Creek deposit is one of the largest copper-molybdenum deposits in BC. It is a calc- alkaline type. It is located approximately 40 kilometers southeast of the BRC Property. The deposit is localized near the intrusive contact between the middle Jurassic aged Yehiniko pluton and the late Triassic Hickman Intrusive complex and is hosted mainly by Stuhini Group volcanic rocks. The mineralization occurs in two north trending zones one of which is an intrusive tourmaline breccia pipe.

According to project operator Copper Fox Metals Inc. Schaft Creek hosts 1.393 billion tons of measured and indicated resources at a grade of 0.25% copper, 0.019% molybdenum, 0.18 g/t gold and 1.55 g/t silver.

8.3 Description of the Galore Creek Deposit

The Galore Creek Deposit comprises multiple zones of copper-gold-silver mineralization localized within breccias zones, stockworks, veinlets and disseminations within or adjoining a series of Upper Triassic aged dioritic to syenitic intrusions.

According to Novagold Resources the Galore Creek deposit is one of the largest undeveloped copper-gold-silver deposits in North America. It is an alkalic type porphyry occurrence located approximately 50 kilometers south of the BRC property.

According to project operator Novagold Resources the deposit hosts proven and probable reserves of 6.8 billion pounds of copper, 5.5 million ounces of gold and 102 million ounces of silver.

Assessment Report dated October 30, 2012 18 ITEM 9. EXPLORATION

9.1 Exploration Work Completed in 2012 by Brades Resources

Based on the potential to expand known mineralized zones and identify new areas of mineralization, Brades acquired the BRC Property and has carried out several exploration programs. Since the Property was acquired Brades has completed an airborne geophysical survey in the Strata Creek Area, repaired an existing air strip and constructed a base camp in the northeastern part of the property, completed helicopter assisted programs of geological mapping and verification sampling within the Teck Area and the Yeti Area, prepared detailed 3D elevation models for the main areas of interest and completed a detailed structural interpretation to identify the structural controls on mineralization.

Between May 15 and October 19, 2012 additional technical assessment work was completed on the BRC Property. This work was recorded on two separate Statements of Work - SOW No.5345044 recorded on June 14, 2012 and SOW 5411461 recorded on October 19, 2012. The total cost of the exploration work completed for Brades Resources during 2012 was $50,582.

The work carried out in May and June of 2012 consisted of a follow up stream and rock sampling program designed to verify results reported by Toscana Resources in 1990 (Assessment Report No.21168) in an area referred to as YetI NW Area. The work completed in September and October of 2012 consisted of rock sampling in an area of stockwork type veining referred to as the Teck Area that was originally identified by Teck in 1980 (Assessment Report 9617). As part of this program some of the building materials required for construction of a temporary camp were transported to the Teck Area by helicopter from an existing base camp located at the King Property approximately 15 kilometers north of the Bronson airstrip.

Previous stream sediment and rock sampling reported by Toscana in 1990 within the area referred to as the Yeti NW Area identified anomalous copper values in streams and stockwork copper – gold and porphyry copper type mineralization on the west side of Yehiniko Creek. Field crews were mobilized from Vancouver to Dease Lake in late May and transported by local helicopter provider Pacific Western Helicopters to the camp site constructed by Brades in 2009 at the old airstrip on Yehiniko Lake. Between May 29 and June 6 field personnel made multiple traverses from the airstrip to the areas along the west side of Yehiniko Creek that were sampled by Toscana in 1990. A total of 19 rock and 22 stream samples were collected.

Between September 23 and September 27, 2012 field crews were mobilized from Vancouver to Bob Quinn airstrip and transported to the Teck Area by local helicopter provider Lakelse Air. A total of 20 rock samples were collected from an area of stockwork type veining originally identified by Teck in 1980. A previous site visit in 2007 involved sampling of a second area of structurally controlled mineralization located several hundred meters upslope from the area of stockwork veining.

Assessment Report dated October 30, 2012 19

All rock and stream sample collected by Brades Resources during 2012 were submitted to ALS Chemex in N. Vancovuer and results were reported in October of 2012.

Verification sampling, stream sediment sampling and geological work completed in the Yeti NW Area confirmed historic technical reports of stockwork veining and alteration reported by Toscana Resources. Several rock samples showing anomalous copper values (ranging from 450 ppm to 930 ppm copper) were identified in the area sampled by Toscana and a new area of anomalous rock sample results was identified immediately north of the areas sampled by Toscana. Four rock samples returned copper values ranging from 758 to 1,750 ppm copper and 0.052 to 0.088 g/t gold. Results of the stream sampling program identified a strong gold anomaly approximately 1,000 meters northeast of the areas sampled by Toscana.

Sample locations for the Yeti NW Area are shown in Figure 7, 9 and 10. Large format maps showing 2012 sample locations and historic copper and gold values are included as LF-1 to LF-3. Results of the verification sampling program confirmed the existence of copper and gold mineralization in the Yeti NW Area however extensive additional work will be required to assess the overall extent and significance of this mineralization.

The objective of the sampling completed at the Teck Area was to obtain samples for detailed petrographic evaluation. All samples were submitted to ALS Chemex for assay and for thin section preparation at Vancouver Petrographics. Sample locations for the Teck Area are shown in Figure 8, 11 and 12. Large format maps showing 2012 sample locations and historic copper and gold values are included as LF-4 to LF-6. Sampling in the Teck Area confirmed the results reported by Teck and verified that the potential extensions of this zone are overburden covered - additional detailed sampling is warranted to delineate the full extent of the known mineralized zone and to assess potential extensions.

A decision by management of Brades to file all available assessment credits on October 19, 2012 resulted in early termination of the petrographic study and as a result only a preliminary review was completed.

Assessment Report dated October 30, 2012 20 Brades Resources Inc BRC Property SOW No. 5345044 and SOW 5411461 For the period May 15 - October 19, 2012

Cost Statement CDN Geological Field Work and Subcontractors - Yeti NW Target (May 28 - June 10, 2012), Teck Target (September 23 - 28, 2012) 22,377.21$

Field Equipment Rentals and Helicopter Charter Expenses $ 16,539.69

Auxilliary Field Equipment Rentals $ 2,931.50

Geological and GIS technical mapping / Technical Reporting $ 2,981.00

Geochemical Analyses and Petrographic work $ 5,752.68

Total $ 50,582.08 Cost Statement - Detail Summary of Geological Field Work and Subcontractors

BRC Property - Yeti Target (NW) May 28 - June 6, 2012 CDN Equipment Preparation and Field crew mobilization: survey control instruments, soil augers and sampling equipment, construction tools for helipad construction, emergency camp modules, communications equipment. Project Review with client. Carl von Einsiedel Crew and equipment mobilization to Bob Quinn airstrip, Hwy 37 - May 28 - June 6, 2012 (pro-rated 50% to Grizzly Project) $ 923.82 Field Operations: Rock sampling and stream sampling program - Yeti NW area Mike Middleton May 28 - June 6, 2012 Field Work: 8 days @ $500 $ 4,000.00 Travel Expenses $ 1,249.11 Duncan Campbell May 28 - June 6, 2012 8 days @ $300 $ 3,200.00 Travel Expenses Field crew accomodation charges 16 mandays @ $75 per day $ 1,200.00

BRC Property - Teck Target September 23 - September 28, 2012 CDN Equipment Preparation and Field crew mobilization: survey control instruments, soil augers and sampling equipment, construction tools for helipad construction, emergency camp modules, communications equipment. Project Review with client. Carl von Einsiedel Crew and equipment mobilization to Bob Quinn airstrip, Hwy 37 - September 23 - September 28, 2012 (pro-rated 50%) $ 923.82 Field Operations: Rock sampling, collection of sample suite for Petrographic report Carl von Einsiedel September 23 - 28, 2012 5 days @ $900 $ 4,500.00 Travel Expenses $ 371.18 Mike Middleton September 23 - 28, 2012 3 days @ $500 $ 1,500.00 Field Operations: Rock sampling, collection of sample suite for Petrographic report (continued) Deo Mendonca September 23 - 28, 2012 5 days @ $300 $ 1,500.00 Field crew accomodation charges 13 mandays @ $75 per day $ 975.00 Applicable Surcharge @ 10% $ 2,034.29

Listing of Field Equipment Rentals and Helicopter

BRC Property - Yeti area May 28 - June 6, 2012 CDN Ram Explorations Truck Rental (pro-rated usage May 15 - June 6, 2012) 2005 F250 4x4 HD extended cab (modified for offroad operations) 8 days @ $125 / day $ 1,000.00 2,931 km @ $0.45 (pro-rated 50% to Grizzly Project) $ 659.48 Ram Explorations Motorhome Rental (modified as emergency first aid station) 8 days @ $130 (pro-rated usage May 28 - June 6, 2012) $ 1,040.00 1,439 km @ $0.45 (pro-rated 50% to Grizzly Project) $ 323.78 Pacific Western - Helicopter Charter May 31, 2012 Invoice 29540 1.4 hours @ $1,550 / hr $ 2,170.00 Fuel $ 455.95 Pacific Western - Helicopter Charter June 6, 2012 Invoice 29581 2.1 hours @ $1,550 / hr (pro-rated 50%) $ 1,627.50 Fuel (pro-rated 50%) $ 341.61 Listing of Field Equipment Rentals and Helicopter (continued)

BRC Property - Teck area September 23 - 28, 2012 CDN Ram Explorations Truck Rental (pro-rated usage Sept 23 - 28, 2012) 2005 F250 4x4 HD extended cab (modified for offroad operations) 5 days @ $125 / day $ 625.00 2,847 km @ $0.45 $ 1,281.15 Ram Explorations Motorhome Rental (modified as emergency first aid station) 5 days @ $130 (pro-rated usage Sept 23 - 28, 2012) $ 650.00 1,439 km @ $0.45 $ 647.55 Lakelse September 25, 2012 Invoice / pending 2.1 hours @ $1,750 / hr $ 3,675.00 Fuel $ 539.07 Applicable Surcharge @ 10% $ 1,503.61

Listing of auxilliary Field Equipment Rentals (pro-rated charges for the period May 15 - October 19, 2012)

BRC Property - Yeti Area CDN Chainsaws, construction tooling for helicopter pad construction, sampling tools, augers, etc 13 days @ $50 $ 650.00 Navigation equipment, GPS’s, SPOT emergency locator (4), VHF radio’s (4) GPS, VHF and SPOT GPS emergency locator: 13 days @ $45 per day $ 585.00 Satellite telephone (backup system and emergency use only) Satphone rental: 13 days @ $20 $ 260.00 Emergency camp rental, genset rental, survival equipment 13 days @ $75 $ 975.00 Field crew labtop and printer complete system: 13 days @ $15 $ 195.00 Emergency first aid equipment (included in motorhome rental charges) n/c Applicable Surcharge @ 10% $ 266.50 Summary of Geological and GIS technical mapping consulting fees

Preparation of Field Maps and Field Program Design, Client Liason (May 2012) CDN Carl von Einsiedel, Pgeo 6 hours @ $120 $ 720.00

Dorian Leslie 6 hours charged @ $85 $ 510.00

Preparation of technical report for assessment filing with BCMEM as per SOW 5345044 (June 14, 2012), 5411461 (October 19, 2012) Carl von Einsiedel, PGeo 8 hrs @ $120 $ 960.00 Dorian Leslie 8 hrs @ $65 $ 520.00 Applicable Surcharge @ 10% $ 271.00

Listing of Sample Analysis Expenses

BRC Property CDN ALS Chemex VA12234441 - October 10, 2012 $ 1,398.49 VA12234442 - October 10, 2012 $ 1,394.74 VA12242012 - October 18, 2012 $ 1,186.48 Vancouver Petrographics October 18, 2012 Invoice 120971 $ 1,150.00 Soil and rock sample bags, consumables etc. from stock 200 soil and rock samples @$0.25 per soil and $0.50 per rock $ 100.00 Applicable Surcharge @ 10% $ 522.97 ITEM 10: DRILLING

No drill testing was carried out by Brades on the BRC Property. There is no published record of any drilling completed within the boundaries of the present property.

ITEM 11: SAMPLE PREPARATION, ANALYSIS AND SECURITY

As noted in Section 9. Exploration verification sampling was carried out by Brades at the Teck and Yeti Prospects to confirm the presence of copper – gold mineralization reported by previous exploration companies. For this program stream sediment samples, composite grab samples and chip samples were collected from within anomalous or mineralized areas believed to correspond to the approximate areas sampled by previous companies.

All samples collected by the Author on behalf of Brades from the BRC Property were sealed in plastic sample bags and shipped by bonded commercial transport to ALS Chemex in North Vancouver. No employees of Brades were involved in the sample handling or technical work completed on the BRC Property.

All samples were prepared and analyzed by ALS Chemex. Samples were dried, crushed to -100 mesh and analyzed by AA23 for gold and by ICP 41 for copper and a suite of 35 elements. Assay reports are included in the Appendices which accompany this report.

Standard QA and QC procedures including one blank and one standard in each 20 samples were implemented by ALS Chemex and the variability of all reported analyses was within acceptable industry standards.

In the Authors opinion the sample security employed by the field personnel involved in the sample collection and the sample preparation and analytical procedures employed by ALS Chemex are adequate for the exploration program carried out by Brades on the BRC Property. ALS Vancouver is in compliance for the requirements of ISO 9001:2000 through February 12, 2011 (ALS Laboratory Group, 2009).

ALS Vancouver is accredited through the Standards Council of Canada (SCC) for Metallic Ores and Products Mineral Analysis testing for several techniques including Fire Assay with an Atomic Absorption (AA) finish, Fire Assay with a gravimetric finish and ICP-AES using a four acid digestion.

ITEM 12: DATA VERIFICATION

As noted in Item 8 Exploration the only sampling that has been carried out by Brades are several verification sampling programs designed to confirm that significant copper and gold mineralization is present within the Teck Area and the Yeti Area within BRC Property. The results of the verification sampling completed in 2012 have confirmed the results reported from the Yeti NW Area by Toscana Resources in 1990 and have also confirmed the historic results reported by Teck Exploration from an area of exposed stockwork veining within the area referred to as the Teck Area. Extensive additional sampling and detailed geological mapping will be required to define the overall extent of mineralization within these areas.

Assessment Report dated October 30, 2012 26 Details of this sampling program including sample preparation and sample analysis procedures are described in the preceding Item 11.

ITEM 13: MINERAL PROCESSING AND METALLURGICAL TESTING

No mineral processing or metallurgical testing has been carried out on samples from the BRC Property.

ITEM 14: MINERAL RESOURCE AND MINERAL RESERVE ESTIMATE

No defined body of potentially commercial mineralization has been identified to date on the BRC Property and therefore no resource or mineral reserve estimate has been completed.

ITEM 15 -22: ADVANCED PROPERTY DISCLOSURE (NOT REQUIRED)

ITEM 23: ADJACENT PROPERTIES 23.1 DOK Prospect

It is important to note that the western boundary of the DOK 35 Area adjoins a package of claims owned by unrelated parties that cover the DOK Prospect (located approximately 5 kilometers northwest of the DOK 35 Prospect). The DOK Prospect is described in the BC Minfile database as Occurrence 104G043 – DOK. Previous exploration work at the DOK Prospect documents extensive biotite – feldspar alteration and trench sampling results of up to 0.66% copper over 38 meters. The style of alteration and tenor of mineralization at the DOK Prospect are similar to that encountered at Galore Creek however it is important to note that there is no assurance that similar mineralization will be identified within the claims that are the subject of this report.

ITEM 24: OTHER RELEVENT DATA AND INFORMATION

There is no other relevant data or information concerning the BRC Property. There is no additional information or explanation necessary to make the technical report understandable and not misleading.

Assessment Report dated October 30, 2012 27 ITEM 25 / 26 CONCLUSIONS AND RECOMMENDATIONS

Geological maps available online from the BCMEM confirm that the BRC Property is underlain by Stuhini Group volcanic rocks and various felsic intrusive units which is the same geological setting that hosts the Galore Creek and Schaft Creek deposits. Regional scale stream sediment survey maps and regional scale airborne magnetic survey maps (available online from the BCMEM) also indicate geological similarities between the BRC Property and the Galore and Schaft Creek areas.

Based on the distribution of regional scale copper and gold geochemical anomalies and information concerning the various known copper-gold prospects located in the project area (technical data available through the Provincial Minfile database) there appear to be five main areas of interest within the BRC Property. For reference these are referred to as the DOK 35 Area, the Teck Area, the Yeti Area, the Strata Creek Area and the Yehiniko East Area.

The results of the verification sampling completed in 2012 have confirmed the results reported from the Yeti NW Area by Toscana Resources in 1990 and have also confirmed the historic results reported by Teck Exploration from an area of exposed stockwork veining within the area referred to as the Teck Area. Extensive additional sampling and detailed geological mapping will be required to define the overall extent of mineralization within these areas.

Assessment Report dated October 30, 2012 28 ITEM 27 SOURCES OF INFORMATION

Bulletin 092: Logan, J.M., Koyangi, V.M., (1994): Geology and Mineral Deposits of the Galore Creek Area, B.C. Ministry of Energy and Mines.

Bulletin 104: Logan, J.M., Drobe, J.R., McLelland, W.C., (2000): Geology of the Forrest Kerr – Mess Lake Area, North Western British Columbia, B.C. Ministry of Energy and Mines.

Blann, D, Assessment Report No.22773, Geological Report on the Yehiniko Property, dated October 1992, Toscana Resource Corporation.

Folk, P.G., Assessment Report No.9617, report on the Geology, Trenching and Sampling of the Marg and Dok Claims, October, 1981, Teck Corporation.

Hanspeter S., Assessment Report No.3846, Report on a Geological Survey done on the PR Group (Empire Metals Property), dated September 1972, Swiss Aluminum Mining Company.

Hanspeter S., Assessment Report No.3847, Report on a Geological Survey done on the GU Group (Empire Metals Property), dated September 1972, Swiss Aluminum Mining Company.

Ostensoe, E., Assessment Report 21168, Report on the Yeti 4 – 7 Claims, Yehiniko Lake Area, dated December 15, 1990, prepared for Toscana Resources Ltd

Sivertz, G., 1991, Assessment Report No. 21302, Assessment Report on the Yeti 1-3 Claims, dated May, 1991, Schellex Gold Corp.

Ulrich, G.D., Assessment Report No.3238, Report on Geological, Geochemical and Geophysical Surveys and Physical Work on the Empire Metals property (under option to the Swiss Aluminum Mining Company), dated August 4, 1971.

Veitch, J., Assessment Report No.3029, Geological Report on the DOK 1-36 Claims for Canadex Mining Corp., September 21, 1970.

Whittles, A, Assessment Report No.24970, Air Photo Interpretation Report on the Yeti Claim Group, Yehiniko Lake Area, April 29, 1997, Gold Win Ventures Inc.

According to the BC Ministry of Energy and Mines online database (Minfile) the BRC Property covers eleven known copper-gold mineral occurrences many of which exhibit mineralization and alteration characteristics typical of porphyry copper-gold deposits.

Resource Estimates for the Galore Creek and Schaft Creek Deposits http://www.novagold.com/upload/investor_corppresentations/2011-10- 17_NGPPT_Q3webcast.pdf http://www.copperfoxmetals.com/i/pdf/investor_resource.pdf

Internet Sites

Note: all data from BC Ministry of Mines downloaded from: http://www.em.gov.bc.ca/Mining/Geolsurv/MapPlace/geoData.htm

Assessment Report dated October 30, 2012 29 CERTIFICATE OF QUALIFICATION

I, Carl von Einsiedel, 8888 Shook Rd., Mission, British Columbia, V2V-7N1, hereby certify that:

1) I am an independent consulting geologist with an office at 907-610 Granville Street, Vancouver, British Columbia, V6C 1V5.

2) I am a graduate of Carleton University in Ottawa, Ontario, Canada in 1987 with a BSc. in Geology. This certificate applies to the “NI 43-101 Review of Technical Information and Proposed Exploration Program for the BRC Property, north western British Columbia dated August 20, 2012 prepared for Brades Resource Corp.

3) I am a member in good standing of the Association of Professional Engineers and Geoscientists of the Province of British Columbia. I have practiced my profession as a geologist throughout the world continuously since 1987. (APEGBC – License no. 21474).

4) I have worked as an exploration geologist for a total of 23 years since graduation from University. I have extensive work experience in western and northern Canada and in Mexico. I have worked on several copper - gold projects in northwestern British Columbia. I visited the BRC Property in September of 2007 and again between September 2 and September 9, 2010. I personally supervised all of the exploration work carried out by Brades Resource Corp. between August 2007 and June of 2012.

5) I have read the definition of “qualified person” set out in National Instrument 43-101 and certify that by reason of education, experience, independence and affiliation with a professional association, I meet the requirements of an Independent Qualified Person as defined in National Policy 43-101.

6) I am responsible for the preparation of all sections of the technical report titled “NI 43-101 Review of Technical Information and Proposed Exploration Program for the BRC Property, northwestern British Columbia dated August 20, 2012.

7) I have had no prior involvement with the Property that is the subject of this 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.

9) I am fully independent of the Issuer applying all of the tests in section 1.4 of National Instrument 43-101. I have read National Instrument 43-101, Standards for Disclosure of Mineral Properties. This Technical Report has been prepared in compliance with National Instrument 43-101.

10) As of the date of this certificate, to my the best of my qualified knowledge, information and belief, this technical report contains all the scientific and technical information that is required to be disclosed to make the report not misleading.

11) I consent to the public filing of the Technical Report with the Ontario Securities Commission, the Alberta Securities Commission, and the British Columbia Securities Commission, any stock exchange and any other regulatory Authority and any publication by them for regulatory purposes, including SEDAR filings and electronic publication in the

Assessment Report dated October 30, 2012 30 public company files on their websites accessible by the public, of the Technical Report and to extracts from, or a summary of, the Technical Report in the written disclosure being filed, by Brades Resource Corp., in public information documents so being filed including any offering memorandum, preliminary prospectus and final prospectus provided that I am given the opportunity to read the written disclosure being filed and that it fairly and accurately represents the information in the Technical Report that supports the disclosure.

12) As of the date of this certificate, to the best of my knowledge, information and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.

Dated at Vancouver, B.C. this 30th day of October , 2012.

Carl von Einsiedel, P.Geo.

Assessment Report dated October 30, 2012 31 APPENDIX 1 LIST OF REPORT FIGURES

Figure 1: Locator map of NW BC’s Iskut River District showing staked areas, mines and advanced prospects, parks, access roads and local communities (1:1,000,000). Figure 2: Geological map of NW BC’s Iskut River District showing mines and advanced porphyry copper prospects (1:1,000,000). Figure 3: Regional scale geological map showing Galore Creek, Schaft Creek and the BRC Property (1:250,000). Figure 4: Regional scale stream sediment survey map showing copper anomalies associated with Galore Creek, Schaft Creek and the main areas of interest within the BRC Property (1:250,000). Figure 5: Regional scale airborne magnetic survey map showing Galore Creek, Schaft Creek and the BRC Property (1:250,000). Figure 6: BRC Project area map showing mineral claim tenure reference numbers, location of the base camp constructed in 2009 and location of 2012 exploration programs (1:100,000). Figure 7: Yeti Area Index Map Showing Areas of Historic Sampling by Sample Type and ARIS Report No. and Exploration Work Completed by Brades in 2012 (1:50,000 scale) Figure8: Teck – Doc 35 Area Index Map Showing Areas of Historic Sampling by Sample Type and ARIS Report No. and Exploration Work Completed by Brades in 2012 (1:50,000 scale)

Figure 9: Yeti NW Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Gold Values in PPB (1:50,000 scale)

Figure 10: Yeti NW Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Copper Values in PPM (1:50,000 scale)

Figure 11: Teck Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Gold Values in PPB (1:50,000 scale)

Figure 12: Teck Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Copper Values in PPM (1:50,000 scale)

Assessment Report dated October 30, 2012 32 LIST OF LARGE FORMAT TECHNICAL FIGURES TO SHOW 2012 EXPLORATION WORK

Figure LF-01: Yeti NW Area Detail Map Showing 2012 and Historic Rock, Stream and Soil Geochemical Sample Locations Sample Type (1:5,000 scale)

Figure LF-02: Yeti NW Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Gold Values in PPB (1:5,000 scale)

Figure LF-03: Yeti NW Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Copper Values in PPM (1:5,000 scale)

Figure LF-04: Teck Area Detail Map Showing 2012 and Historic Rock, Stream and Soil Geochemical Sample Locations Sample Type (1:5,000 scale)

Figure LF-05: Teck Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Gold Values in PPB (1:5,000 scale)

Figure LF-06: Teck Area Detail Map Showing 2012 and Historic Compilation Showing Geochemical Samples by Type and Copper Values in PPM (1:5,000 scale)

Assessment Report dated October 30, 2012 33 APPENDIX 2 ALS CHEMEX ASSAY REPORTS Appendix 2.1: ALS Chemex Assay Report No.VA12234441 (verification samples collected from the Teck Area) Appendix 2.2: ALS Chemex Assay Report No.VA12234442 (verification samples collected from the Yeti NW Area) Appendix 2.3: ALS Chemex Assay Report No.VA12242012 (Stream sediment samples collected from the Yeti NW Area)

Assessment Report dated October 30, 2012 34 APPENDIX 3 PRELIMINARY PETROGRAPHIC REPORT – TECK AREA STOCKWORK ZONE

Assessment Report dated October 30, 2012 35

APPENDIX 2 ALS CHEMEX ASSAY REPORTS Appendix 2.1: ALS Chemex Assay Report No.VA12234441 (verification samples collected from the Teck Area)

Appendix 2.2: ALS Chemex Assay Report No.VA12234442 (verification samples collected from the Yeti NW Area)

Appendix 2.3: ALS Chemex Assay Report No.VA12242012 (Stream sediment samples collected from the Yeti NW Area)

Sample: 584833 Mineral Area Size Sample Type: Pyroclastic Matrix: Chlorite

Plagioclase Hand Sample: This sample shows a polymictic texture Biotite of angular clasts and minerals. Quartz

Thin Section: This sample shows the fine grained Lithics: Chlorite matrix is largely composed of chlorite, quartz, and Quartz epidote. The lithic fragments have been altered to chlorite and quartz. Sulphides: Pyrite Trace

Oxides: Hematite Trace Goethite

A. Hand sample of a pyroclastic rock. Thin section for B. Prepared section off-cut. Field of view is scale. approximately 26mm x 46 mm

C. Photomicrograph showing matrix mineralogy in D. Photomicrograph showing a pyrite with regular pyroclastic. PPL. FOV is (10x). and irregular boundaries. RL. FOV is (25x). Sample: 584834 Mineral Area Size Sample Type: Quartz Vein Host Rock: N/A

Hand Sample: This sample of quartz vein shows coarse grained pyrite mineralization. The quartz is Veins: Quartz generally massive and white. Hairline fractures are stained with an Fe-oxidation product. The pyrite Sulphides: Pyrite Trace grains are massive and exhibit a strong cubic habit.

Oxides: Hematite Trace Thin Section: This sample shows quartz and pyrite Goethite

A. Hand sample of a quartz vein showing pyrite B. Prepared section off-cut. Field of view is mineralization. Thin section for scale. approximately 26mm x 46 mm

C. Photomicrograph showing the mineralogy of the D. Photomicrograph showing pyrite grains. R L. FOV is quartz vein. Quartz shows irregular boundaries. XPL. (5x). FOV is (5x). Sample: 584835 Mineral Area Size Sample Type: Hbl-Biot-Granodiorite Host Rock: Chlorite

Biotite Hand Sample: This sample is a Hornblende-Biotite- Quartz Granodiorite. It contains mafic xenoliths and the Hornblende feldspars have been altered. Plagioclase

Thin Section: This sample is weakly altered. Feldspars Xenoliths: Chlorite have been partially replaced by sericite. Biotite

Sulphides: Pyrite Trace 4-30um

Oxides: Magnetite Hematite Trace Goethite

A. Hand sample of Hbl-Biot-granodiorite. Thin section B. Prepared section off-cut. Field of view is for scale. approximately 26mm x 46 mm

C. Photomicrograph showing dominant mineralogy D. Photomicrograph showing magnetite being (Hbl-Qtz-Kspar-Plag-Biot). PPL. FOV is 10x. extensively replaced by hematite. RL. FOV is 10x. Sample: 584836A Mineral Area Size Sample Type: Quartz Vein in Hbl-Biot-Granodiorite Host Rock: Chlorite

Biotite Hand sample: This sample of quartz vein shows a Quartz pyrite mineralization. The quartz is generally massive Hornblende and white. Hairline fractures are stained with a Fe- Feldspar oxidation product. The pyrite grains are massive and exhibit a strong cubic habit. Veins: Quartz

Calcite Thin section: This sample shows a highly altered hornblende-biotite-granodiorite. Feldspar grains are Sulphides: Pyrite Trace extensively replaced by chlorite-sericite-quartz. The quartz vein is composed of quartz and trace calcite. Oxides: Hematite Trace Pyrite mineralization is hosted in the quartz vein. Goethite

A. Hand sample of quart vein in Hbl-Biot-Granodiorite. B. Prepared section off-cut. Field of view is Thin section for scale. approximately 26mm x 46 mm

C. Photomicrograph showing dominant mineralogy in D. Photomicrograph showing a pyrite and veins (quartz and calcite). XPL. FOV is 5x. molybdenite. RL. FOV is 5x. Sample: 584836B Mineral Area Size Sample Type: Quartz Vein in Hbl-Biot-Granodiorite Host Rock: Quartz

Muscivite Hand sample: This sample of quartz vein shows a Chlorite pyrite mineralization. The quartz is generally massive Biotite and white. Hairline fractures are stained with a Fe- Hornblende oxidation product. The pyrite grains are massive and exhibit a strong cubic habit. Veins: Quartz

Thin section: This sample shows a highly altered Sulphides: Pyrite Trace hornblende-biotite-granodiorite. Feldspar grains are extensively replaced by chlorite-sericite-quartz. The Oxides: Hematite Pervasive quartz vein is composed of quartz and trace calcite. Goethite Pyrite mineralization is hosted in the quartz vein.

A. Hand sample of quartz vein in Hbl-Biot- B. Prepared section off-cut. Field of view is Granodiorite. Thin section for scale. approximately 26mm x 46 mm

C. Photomicrograph of a contact between host rock D. Photomicrograph of chalcopyrite and pyrite. RL. and quartz vein. The K-spar has been replaced by FOV is 5x. chlorite-sericite. XPL. FOV is 5x. Sample: 584837 Mineral Area Size Sample Type: Quartz vein in Volcanic Host Rock: Chlorite

Muscivite Hand sample: This sample shows extensive alteration Quartz of the volcanic host rock.

Thin section: This sample shows that the volcanic rock Vein: Quartz alteration consists of fine grained chlorite-quartz- sericite

Sulphides: Pyrite

Oxides: Hematite Goethite

5

A. Hand sample of quartz vein in altered volcanic rock. B. Prepared section off-cut. Field of view is

Thin section for scale. approximately 26mm x 46 mm

C. Photomicrograph showing the contact between the D. Photomicrograph showing pyrite grain in the quartz vein and the altered volcanic rock. PPL. FOV is contact between the quartz vein and altered host 5x. rock. RL. FOV is 5x. Sample: 584838 Mineral Area Size Sample Type: Hbl-Biot-Granodiorite Host Rock: Chlorite

Muscivite Hand sample: This sample shows a weakly altered Quartz horblende-biotite-granodiorite. There is significant Hornblende coarse grained pyrite mineralization. Pyrite grains Biotite display a cubic habit. Plagioclase

K-Feldspar Thin section: This sample shows a highly altered hornblende-biotite-granodiorite. Feldspar grains are Sulphides: Pyrite trace partially replaced by chlorite-sericite-quartz.

Oxides: Hematite Goethite

Hand sample of Hbl-Biot-Granodiorite showing coarse Prepared section off-cut. Field of view is grained pyrite mineralization. Thin section for scale. approximately 26mm x 46 mm

C. Photomicrograph showing partially altered D. Photomicrograph showing pyrite and hematite plagioclase and K-spar. XPL. FOV is 5x. mineralization. RL. FOV is 10x. Sample: 584839 Mineral Area Size Sample Type: Strongly Altered Volcanic Host Rock: Chlorite

Muscivite Hand sample: This sample shows an extensively Quartz chlorite altered volcanic rock. There are numerous fractures filled with pyrite.

Veins: Sulphides Thin section: The original texture of the volcanic rock Oxides is almost completely replaced by fine grained chlorite- muscovite-quartz. Pyrite is seen as fracture fill and Sulphides: Pyrite Trace disseminated.

Oxides: Hematite Trace Goethite

Hand sample of chlorite altered mafic volcanic rock. Prepared section off-cut. Field of view is Thin section for scale. approximately 26mm x 46 mm

C. Photomicrograph showing extensive sericite and D. Photomicrograph showing Fne grained chlorite replacement of volcanic rock. Also seen is disseminated pyrite. RL. FOV is 10x. partially replaced plagioclase grain. XPL. FOV is 10x. Sample: 584840 Mineral Area Size Sample Type: Mafic Xenolith in Hbl-Biot-Granodiorite Xenolith: Chlorite

Muscovite Hand sample: The sample shows partially assimilated Quartz textures near the boundary with the granodiorite. Epidote

Thin section: The sample shows extensive alteration where the darker matrix in hand samples has been Sulphides: Pyrite Trace replaced by fine grained epidote-chlorite-quartz and the relic feldspar grains have been replaced by Oxides: Hematite Trace sericite-quartz-chlorite. Goethite

A. Hand sample of mafic xenolith hosted in Hbl-Biot- B. Prepared section off-cut. Field of view is Granodiorite. Thin section for scale. approximately 26mm x 46 mm

C. Photomicrograph of dominant matrix of mafic D. Photomicrograph showing same view as Plate C. xenoith (fine grained epidote-chlorite-quartz and XPL. FOV is 5x. sericite-quartz-chlorite replaced feldspars). PPL. FOV is 5x. Sample: 584841 Mineral Area Size Sample Type: Quartz replaced/flooded granodiorite Host Rock: Chlorite

Muscovite Hand sample: The sample shows a quartz replaced Quartz granodiorite

Sulphides: Pyrite Thins section: The sample shows fine grained secondary quartz flooding. Oxides: Hematite Goethite

A. Hand sample of quartz illite altered granodiorite. B. Prepared section off-cut. Field of view is approximately 26mm x 46 mm.

C. Photomicrograph showing fine grained quartz, D. Photmicrograph showing euhedral pyrite. RL. FOV apatite, sericite. XPL. FOV is 10x. is 0.09 mm x 0.16 mm. Sample: 584842 Mineral Area Size Sample Type: Quartz Vein in Hbl-Biot-Granodiorite Host Rock: Chlorite

Plagioclase Hand sample: This sample of quartz vein shows pyrite Quartz mineralization. The quartz is generally massive and Sericite white. Hairline fractures are stained with a Fe- oxidation product. The pyrite grains are massive and exhibit a strong cubic habit. Feldspar grains are easily Vein: Quartz scratched indicating a strong degree of alteration.

Sulphides: Pyrite Thin section: This sample shows a highly altered hornblende-biotite-granodiorite. Feldspar grains are Oxides: Hematite extensively replaced by chlorite-sericite-quartz. The Goethite quartz vein is composed of quartz and trace calcite.

Pyrite mineralization is hosted in the quartz vein.

A. Hand sample of Hbl-Biot-Granodiorite with a quart B. Prepared section off-cut. Field of view is vein mineralized with pyrite. Thin section for scale. approximately 26mm x 46 mm

C. Thin section of quartz vein in contact with altered D. Thin section of pyrite. RL. FOV is 5x. host rock. XPL. FOV is 5x. Sample: 584843-1 Mineral Area Size Sample Type: Quartz Vein in Hbl-Biot-Granodiorite Host Rock: Chlorite

Muscovite Hand sample: This sample of quartz vein shows pyrite Quartz mineralization. The quartz is generally massive and white. Hairline fractures are stained with a Fe- Veins: Quartz 100% oxidation product. The pyrite grains are massive and exhibit a strong cubic habit. Feldspar grains are easily Sulphides: Pyrite scratched indicating a strong degree of alteration.

Oxides: Hematite Thin section: This sample shows a highly altered Goethite hornblende-biotite-granodiorite. Feldspar grains are extensively replaced by chlorite-sericite-quartz. The quartz vein is composed of quartz and trace calcite. Pyrite mineralization is hosted in the quartz vein.

A. Hand sample of quartz vein in Hbl-Biot- B. Prepared section off-cut showing multiple stages of Granodiorite. Thin section for scale. quartz growth into open spaces. Field of view is approximately 26mm x 46 mm

C. Thin section of quartz vein with pyrite grain. PPL. D. Thins section showing pyrite and chalcopyrite. RL. FOV is 5x. FOV is 10x. Sample: 584843-2A Mineral Area Size Sample Type: Quartz Vein in Hbl-Biot-Granodiorite Host Rock: Chlorite

Muscovite Hand sample: This sample of quartz vein shows pyrite Quartz mineralization. The quartz is generally massive and Hornblende white. Hairline fractures are stained with a Fe- oxidation product. The pyrite grains are massive and Veins: Quartz 100% exhibit a strong cubic habit. Feldspar grains are easily scratched indicating a strong degree of alteration. Sulphides: Pyrite

Thin section: This sample shows a highly altered Oxides: Hematite hornblende-biotite-granodiorite. Feldspar grains are Goethite extensively replaced by chlorite-sericite-quartz.

Almost all hornblende and biotite grains have been replaced. The quartz vein is composed of quartz and trace calcite. Pyrite mineralization is hosted in the quartz vein.

A. Hand sample of quartz vein in a Hbl-Biot- B. Prepared section off-cut. Field of view is Granodiorite. Thin section for scale approximately 26mm x 46 mm

C. Thin section of quartz vein in contact with altered D. Thin section showing pyrite grain. RL. FOV is 5x. host rock. XPL. FOV is 5x. Sample: 584843-2B Mineral Area Size Sample Type: Quartz Vein in Hbl-Biot-Granodiorite Host Rock: Chlorite

Muscovite Hand sample: This sample of quartz vein shows pyrite Quartz mineralization. The quartz is generally massive and Hornblende white. Hairline fractures are stained with a Fe- oxidation product. The pyrite grains are massive and exhibit a strong cubic habit. Feldspar grains are easily Veins: Quartz 100% scratched indicating a strong degree of alteration.

Sulphides: Pyrite Thin section: This sample shows a highly altered hornblende-biotite-granodiorite. Feldspar grains are Oxides: Hematite extensively replaced by chlorite-sericite-quartz. Goethite Almost all hornblende and biotite grains have been replaced.The quartz vein is composed of quartz and trace calcite. Pyrite mineralization is hosted in the quartz vein.

A. Hand sample of quartz vein in a Hbl-Biot- Prepared section off-cut. Field of view is Granodiorite. Thin section for scale. approximately 26mm x 46 mm

C. Thin section of quartz vein in contact with altered D. Thin section showing pyrite grain. RL. FOV is 5x. host rock. XPL. FOV is 5x. Sample: 584850 Mineral Area Size Sample Type: Quartz filled fractures in chlorite Host Rock: Chlorite altered volcanic rock Biotite

Hand Sample: This sample shows parallel quartz filled Veins: Quartz 100% fractures. The host rock is strongly altered to chlorite.

Sulphides: Pyrite Thin Section: The host rock is composed of randomly oriented chlorite and biotite grains. Oxides: Hematite Goethite

A. Hand sample of quartz veining in altered volcanic B. Prepared section off-cut. Field of view is rock. Thin section for scale. approximately 26mm x 46 mm

C. Photomicrograph of the dominant mineralogy D. Photomicrograph showing the same FOV as plate C. chlorite and biotite. FOV is 10x. FOV is 10x. Sample: 584853 Mineral Area Size Sample Type: Hbl-Biot-Granodiorite Host Rock: Biotite

K-Spar Hand Sample: This sample is a Hornblende-Biotite- Quartz Granodiorite. It contains mafic xenoliths and the Hornblende feldspars have been altered. Plagioclase

Thin Section: This sample is weakly altered. Feldspars Sulphides: N/A have been partially replaced by sericite.

Oxides: Hematite Goethite Magnetite

A. Hand sample of Hbl-Biot-Granodiorite. Thin section B. Prepared section off-cut. Field of view is for scale. approximately 26mm x 46 mm

C. Photomicrograph showing subhedral magnetite. RL. D. Photomicrograph showing subhedral magnetite. RL. FOV is 5x. FOV is 10x. Sample: 584855 Mineral Area Size Sample Type: Chlorite altered volcanic rock Host Rock: Chlorite

Muscovite Hand Sample: This sample shows an extensively Biotite chlorite replaced volcanic rock with chlorite and epidote filled fracturesost rock is strongly altered to Fractures: Chlorite chlorite. Epidote

Thin Section: The host rock is composed of randomly Sulphides: Pyrite oriented chlorite and biotite grains.

Oxides: Hematite Goethite

A. Hand sample of altered volcanic showing Prepared section off-cut. Field of view is chlorite filled fractures. approximately 26mm x 46 mm

C. Photomicrograph of chalcopyrite.RL. FOV is 5x.. D. Photomicrograph of magnetite.RL. FOV is 5x.. Sample: 584858 Mineral Area Size Sample Type: Quartz Vein in Hbl-Biot-Granodiorite Host Rock: Chlorite

Muscivite Hand sample: This sample of quartz vein shows pyrite Quartz mineralization. The quartz is generally massive and Hornblende white. Hairline fractures are stained with a Fe- Biotite oxidation product. The pyrite grains are massive and exhibit a strong cubic habit. Feldspar grains are easily Veins: Quartz 100% scratched indicating a strong degree of alteration.

Sulphides: Pyrite Thin section: This sample shows a highly altered hornblende-biotite-granodiorite. Feldspar grains are Oxides: Hematite extensively replaced by chlorite-sericite-quartz. Goethite Almost all hornblende and biotite grains have been replaced. The quartz vein is composed of quartz and trace calcite. Pyrite mineralization is hosted in the quartz vein.

A. Hand sample of quartz veins in Hbl-Biot- B. Prepared section off-cut. Field of view is Granodiorite. Thin section for scale. approximately 26mm x 46 mm

C. Photomicrograph of quartz vein in contact with D. Photomicrograph of subhedral to euhedral. RL. FOV sericite replaced feldspar. XPL. FOV is 5x. is 5x. Sample: 584859 Mineral Area Size Sample Type: Quartz Vein in Hbl-Biot-Granodiorite Host Rock: Chlorite

Muscovite Hand sample: This sample of quartz vein shows pyrite Quartz mineralization. The quartz is generally massive and white. Hairline fractures are stained with a Fe- Veins: Quartz 100% oxidation product. The pyrite grains are massive and exhibit a strong cubic habit. Feldspar grains are easily Sulphides: Pyrite scratched indicating a strong degree of alteration.

Oxides: Hematite Thin section: This sample shows a highly altered Goethite hornblende-biotite-granodiorite. Feldspar grains are extensively replaced by chlorite-sericite-quartz. Almost all hornblende and biotite grains have been replaced. The quartz vein is composed of quartz and trace calcite. Pyrite mineralization is hosted in the quartz vein.

A. Hand sample of quartz veins in Hbl-Biot- Prepared section off-cut. Field of view is Granodiorite. Thin section for scale. approximately 26mm x 46 mm

C. Photomicrograph of quartz vein in contact with D. Photomicrograph of subhedral to euhedral. RL. FOV sericite replaced feldspar. XPL. FOV is 5x. is 5x. Sample: 584860 Mineral Area Size Sample Type: Quartz Vein in Hbl-Biot-Granodiorite Host Rock: Chlorite

Muscovite Hand sample: This sample of quartz vein shows pyrite Quartz mineralization. The quartz is generally massive and white. Hairline fractures are stained with a Fe- Veins: Quartz 100% oxidation product. The pyrite grains are massive and exhibit a strong cubic habit. Feldspar grains are easily Sulphides: Pyrite scratched indicating a strong degree of alteration.

Oxides: Hematite Thin section: This sample shows a highly altered Goethite hornblende-biotite-granodiorite. Feldspar grains are extensively replaced by chlorite-sericite-quartz. Almost all hornblende and biotite grains have been replaced. The quartz vein is composed of quartz and trace calcite. Pyrite mineralization is hosted in the quartz vein.

A. Hand sample of quartz veins in Hbl-Biot- B. Prepared section off-cut. Field of view is Granodiorite. Thin section for scale. approximately 26mm x 46 mm

C. Photomicrograph of quartz vein in contact with D. Photomicrograph of subhedral to euhedral. RL. FOV sericite replaced feldspar. XPL. FOV is 5x. is 5x.