TECHNICAL REPORT AND RESOURCE ESTIMATE ON THE SOUTH CROFTY TIN PROJECT, CORNWALL, UNITED KINGDOM FOR STRONGBOW EXPLORATION INC. LATITUDE 50o 13’ 21” N LONGITUDE 5o 16’ 32” W 30U 337,679 mE 5,565,836 mN NI 43-101 & 43-101F1 Technical Report No. 295 Eugene Puritch, P.Eng. Richard Routledge, P.Geo. Jarita Barry, P.Geo. Yungang Wu, P.Geo. David Burga, P.Geo. Alfred Hayden, P.Eng. Effective Date February 26, 2016 Signing Date: May 31, 2016 TABLE OF CONTENTS 1.0 SUMMARY ............................................................................................................................1 2.0 INTRODUCTION AND TERMS OF REFERENCE ..........................................................10 2.1 TERMS OF REFERENCE .......................................................................................10 2.2 SOURCES OF INFORMATION .............................................................................10 2.3 UNITS AND CURRENCY ......................................................................................10 3.0 RELIANCE ON OTHER EXPERTS ...................................................................................12 4.0 PROPERTY DESCRIPTION AND LOCATION ................................................................13 4.1 PROPERTY LOCATION .........................................................................................13 4.2 PROPERTY DESCRIPTION AND TENURE .........................................................14 4.3 PERMITS ..................................................................................................................16 5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY .............................................................................................................18 5.1 ACCESS ...................................................................................................................18 5.2 CLIMATE .................................................................................................................18 5.3 LOCAL RESOURCES .............................................................................................19 5.4 INFRASTRUCTURE ...............................................................................................19 5.5 PHYSIOGRAPHY ....................................................................................................20 6.0 HISTORY .............................................................................................................................22 6.1 SOUTH CROFTY MINE HISTORY .......................................................................22 6.1.1 Early History ..............................................................................................22 6.1.2 South Crofty Mine History 19th Century to Closure in 1998 ....................23 6.1.3 South Crofty Mine History and Ownership after 1998 Mine Closure .......24 6.2 HISTORIC EXPLORATION ...................................................................................25 6.3 HISTORIC PRODUCTION .....................................................................................25 6.4 HISTORICAL ESTIMATES ....................................................................................26 6.4.1 Owen and Leboutillier (1998) Closure Estimate .......................................26 6.4.2 Additional Historic Estimates ....................................................................27 6.5 PREVIOUS NI 43-101 RESOURCE ESTIMATES ................................................28 7.0 GEOLOGICAL SETTING AND MINERALIZATION ......................................................31 7.1 REGIONAL GEOLOGY ..........................................................................................31 7.2 LOCAL GEOLOGY .................................................................................................32 7.3 DEPOSIT GEOLOGY ..............................................................................................34 7.4 MINERALIZATION ................................................................................................35 8.0 DEPOSIT TYPES .................................................................................................................38 9.0 EXPLORATION ...................................................................................................................40 9.1 WUM PROGRAM 2008-2013 .................................................................................40 9.2 TIN SHIELD PROGRAM ........................................................................................40 10.0 DRILLING ..........................................................................................................................41 11.0 SAMPLE PREPARATION, ANALYSES AND SECURITY ...........................................43 11.1 SAMPLE PREPARATION AND SECURITY ......................................................43 11.2 ANALYSES ............................................................................................................44 11.2.1 WAI Laboratory/ X-Ray Minerals Laboratory ..........................................44 11.2.2 AGAT Laboratory ......................................................................................45 11.2.3 SGS Laboratory .........................................................................................46 12.0 DATA VERIFICATION ....................................................................................................47 12.1 SITE VISIT AND INDEPENDENT SAMPLING .................................................47 12.2 QUALITY ASSURANCE/QUALITY CONTROL PROGRAM ..........................48 12.2.1 2010 – 2011 (Batches SD01-47): WAI Prep / X-Ray Minerals Analysis .49 12.2.2 2012 (Pre-August) (Batches SD48-104): AGAT Lab ...............................50 12.2.3 2012 (Post-August) (Batches SD105-135): SGS Lab ................................50 12.3 CHECK ASSAYS ...................................................................................................52 12.4 DATA VERIFICATION RECOMMENDATIONS AND CONCLUSIONS ........52 13.0 MINERAL PROCESSING AND METALLURGICAL TESTING ...................................53 14.0 RESOURCE ESTIMATE ...................................................................................................54 14.1 SUMMARY ............................................................................................................54 14.2 SOURCE OF DATA ..............................................................................................56 14.3 DATA VALIDATION ...........................................................................................56 14.4 SOUTH CROFTY SAMPLING DATABASE .......................................................59 14.4.1 Drill Hole Collar Surveys ..........................................................................59 14.4.2 Down Hole Surveys ...................................................................................59 14.4.3 Channel Sample Surveys ...........................................................................60 14.4.4 Assay/Analytical Database ........................................................................61 14.5 CUT-OFF GRADES AND WIREFRAMES ..........................................................64 14.6 ASSAY GRADE DISTRIBUTIONS AND GRADE CAPPING ...........................67 14.7 ASSAY COMPOSITING .......................................................................................74 14.8 BULK DENSITY ....................................................................................................74 14.9 VARIOGRAPHY AND GRADE INTERPOLATION SEARCH STRATEGY ...75 14.10 BLOCK MODEL ...................................................................................................75 14.11 BLOCK MODEL GRADE INTERPOLATION ...................................................76 14.11.1 Depletion Models ...................................................................................76 14.11.2 Search Strategy and Grade Interpolation ...............................................77 14.12 MINERAL RESOURCE CLASSIFICATION ......................................................78 14.13 MINERAL RESOURCE REPORTING ................................................................79 14.14 BLOCK MODEL VALIDATION .........................................................................82 14.14.1 Reconciliation ........................................................................................82 14.14.2 Block Model ...........................................................................................83 14.15 RESOURCE ESTIMATION CONCLUSIONS ....................................................84 14.16 RECOMMENDATIONS .......................................................................................84 15.0 MINERAL RESERVE ESTIMATES.................................................................................85 16.0 MINING METHODS .........................................................................................................86 17.0 RECOVERY METHODS ...................................................................................................87 18.0 PROJECT INFRASTRUCTURE .......................................................................................88 19.0 MARKET STUDIES AND CONTRACTS ........................................................................89 20.0 ENVIRONMENTAL STUDIES, PERMITTING AND SOCIAL OR COMMUNITY IMPACT ............................................................................................................................90