NI 43-101 Technical Report and Resource Estimate on the Lawyers Gold-Silver Project Toodoggone Region British Columbia, Canada Centered at: 57.3318° N and 127.2115° W PREPARED FOR: PPM Phoenix Precious Metals Corp. 307 - 1497 Marine Drive West Vancouver, British Columbia Canada, V7T 1B8 PREPARED BY: R.A. (Bob) Lane, M.Sc., P.Geo. Plateau Minerals Corp. 3000 18th Street, Vernon, B.C. Canada, V1T 4A6 B.K. (Barney) Bowen, P.Eng. Consulting Geologist 4014 West 13th Avenue, Vancouver, B.C. Canada, V6R 2T4 And Gary Giroux, P.Eng. Giroux Consultants Ltd. 675 West Hastings Street, Vancouver, B.C. Canada, V6B 1N2 DATE: April 19, 2016 LAWYERS PROJECT – TECHNICAL REPORT AND RESOURCE ESTIMATE 1989 Aerial view of the Lawyers underground gold-silver mine PPM PHOENIX PRECIOUS METALS CORP. Page i LAWYERS PROJECT – TECHNICAL REPORT AND RESOURCE ESTIMATE Table of Contents 1 SUMMARY .................................................................................................................................................................. 1 1.1 Project Description, Location and Access ................................................................................................................................ 1 1.2 Geology and Mineralization .......................................................................................................................................................... 1 1.3 Exploration And Development History ..................................................................................................................................... 2 1.4 Drilling .................................................................................................................................................................................................... 4 1.4.1 Historical Drilling ............................................................................................................................................................... 4 1.4.2 2015 Drilling ........................................................................................................................................................................ 4 1.5 Mineral Resource and Mineral Reserve Estimates ................................................................................................................ 6 1.6 Interpretation And Conclusions ................................................................................................................................................... 8 1.7 Recommendations ......................................................................................................................................................................... 10 2 INTRODUCTION ....................................................................................................................................................... 13 2.1 Purpose of Report and Terms of Reference ........................................................................................................................ 13 2.2 Qualified Persons and Site Visit ................................................................................................................................................ 13 2.3 Units and Currency ........................................................................................................................................................................ 14 3 RELIANCE ON OTHER EXPERTS ............................................................................................................................. 14 4 PROJECT DESCRIPTION AND LOCATION ............................................................................................................. 15 4.1 Location .............................................................................................................................................................................................. 15 4.2 Description ........................................................................................................................................................................................ 15 4.2.1 Mackenzie Land and Resource Management Plan .......................................................................................... 16 4.3 History of Property Acquisition ................................................................................................................................................. 23 4.4 Surface Rights .................................................................................................................................................................................. 23 4.5 First Nations Communications .................................................................................................................................................. 23 4.6 Permitting, Environmental Liabilities and Other Issues ................................................................................................... 23 5 ACCESSIBILITY, CLIMATE, INFRASTRUCTURE, LOCAL RESOURCES AND PHYSIOGRAPHY ......................... 24 5.1 Accessibility ....................................................................................................................................................................................... 24 5.2 Climate ................................................................................................................................................................................................ 24 5.3 Infrastructure .................................................................................................................................................................................... 24 5.4 Local Resources ............................................................................................................................................................................... 25 5.5 Physiography .................................................................................................................................................................................... 25 6 HISTORY .................................................................................................................................................................... 26 6.1 Early History of the Toodoggone Region ............................................................................................................................. 26 PPM PHOENIX PRECIOUS METALS CORP. Page ii LAWYERS PROJECT – TECHNICAL REPORT AND RESOURCE ESTIMATE 6.2 Lawyers - Early Exploration and Development History ................................................................................................... 26 6.3 Lawyers – Recent Work ................................................................................................................................................................ 34 6.4 Silver Pond – Exploration History ............................................................................................................................................. 36 7 GEOLOGICAL SETTING AND MINERALIZATION ................................................................................................. 39 7.1 Regional Geology ........................................................................................................................................................................... 39 7.1.1 Mineral Deposits ............................................................................................................................................................ 43 7.2 Local Geology of The Lawyers Project ................................................................................................................................... 46 7.2.1 Lithology ............................................................................................................................................................................ 46 7.2.2 Intrusive Rocks ................................................................................................................................................................ 47 7.2.3 Structure ............................................................................................................................................................................ 51 7.2.4 Alteration and Mineralization ................................................................................................................................... 51 8 DEPOSIT TYPES ........................................................................................................................................................ 72 8.1 Deposit Type Descriptions .......................................................................................................................................................... 72 8.1.1 Low Sulphidation Epithermal Deposits ................................................................................................................. 73 8.1.2 High Sulphidation Epithermal Deposits ................................................................................................................ 74 8.1.3 Porphyry Deposits ......................................................................................................................................................... 75 8.2 Exploration Model .........................................................................................................................................................................