YORBEAU RESOURCES INC. TECHNICAL REPORT ON THE PRELIMINARY ECONOMIC ASSESSMENT FOR THE SCOTT LAKE PROJECT, NORTHWESTERN QUÉBEC, CANADA NI 43-101 Report Qualified Persons: Normand L. Lecuyer, P.Eng. William E. Roscoe, Ph.D., P.Eng. December 6, 2017 RPA55 University Ave. Suite 501 I Toronto, ON, Canada M5J 2H7 I T + 1 (416) 947 0907 www.rpacan.com Report Control Form Document Title Technical Report on the Preliminary Economic Assessment for the Scott Lake Project, Northwestern Québec, Canada Client Name & Address Yorbeau Resources Inc. 110 Place Crémazie West Suite 430 Montréal, Quebec, H2P 1B9 Document Reference Status & FINAL Project #2791 Issue No. Version Issue Date December 6, 2017 Lead Author Normand L. Lecuyer (Signed) Dr. William E. Roscoe (Signed) Peer Reviewer Jason J. Cox (Signed) Project Manager Approval Normand Lecuyer (Signed) Project Director Approval Jason J. Cox (Signed) Report Distribution Name No. of Copies Client RPA Filing 1 (project box) Roscoe Postle Associates Inc. 55 University Avenue, Suite 501 Toronto, ON M5J 2H7 Canada Tel: +1 416 947 0907 Fax: +1 416 947 0395 [email protected] www.rpacan.com TABLE OF CONTENTS PAGE 1 SUMMARY ...................................................................................................................... 1-1 Executive Summary ....................................................................................................... 1-1 PHYSICALS ....................................................................................................................... 1-9 REVENUE .......................................................................................................................... 1-9 COSTS ............................................................................................................................. 1-10 TAXES ............................................................................................................................. 1-10 Technical Summary ..................................................................................................... 1-15 2 INTRODUCTION ............................................................................................................. 2-1 3 RELIANCE ON OTHER EXPERTS ................................................................................. 3-1 4 PROPERTY DESCRIPTION AND LOCATION ................................................................ 4-1 5 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY ............................................................................................................... 5-1 6 HISTORY ........................................................................................................................ 6-1 7 GEOLOGICAL SETTING AND MINERALIZATION .......................................................... 7-1 Regional Geology .......................................................................................................... 7-1 Local Geology ................................................................................................................ 7-4 Property Geology ........................................................................................................... 7-4 Mineralization .............................................................................................................. 7-10 8 DEPOSIT TYPES ............................................................................................................ 8-1 VMS Deposits ................................................................................................................ 8-1 9 EXPLORATION ............................................................................................................... 9-1 10 DRILLING .................................................................................................................... 10-1 11 SAMPLE PREPARATION, ANALYSES AND SECURITY ............................................ 11-1 Sample Collection ........................................................................................................ 11-1 Sample Preparation and Assay Protocols .................................................................... 11-2 Results of QA/QC Programs ........................................................................................ 11-3 12 DATA VERIFICATION ................................................................................................. 12-1 13 MINERAL PROCESSING AND METALLURGICAL TESTING ..................................... 13-1 Introduction .................................................................................................................. 13-1 Metallurgical Sampling ................................................................................................. 13-1 Sample Characterization .............................................................................................. 13-4 Metallurgical Testing .................................................................................................... 13-7 Conclusions and Recommendations .......................................................................... 13-14 14 MINERAL RESOURCE ESTIMATE ............................................................................. 14-1 Summary ..................................................................................................................... 14-1 Yorbeau Resources Inc. – Scott Lake Project, Project #2791 Technical Report NI 43-101 – December 6, 2017 Page i www.rpacan.com Mineral Resource Database ......................................................................................... 14-3 Geological Interpretation and 3D Solids ....................................................................... 14-3 Cut-Off Value ............................................................................................................... 14-8 Statistical Analysis ..................................................................................................... 14-10 Capping High Grade Values ...................................................................................... 14-11 Density ...................................................................................................................... 14-12 Compositing ............................................................................................................... 14-13 Variography and Interpolation Values ........................................................................ 14-14 Block Model ............................................................................................................... 14-16 Block Model Validation ............................................................................................... 14-16 Classification ............................................................................................................. 14-18 Summary of Mineral Resource Estimate .................................................................... 14-23 Comparison to Previous Estimates ............................................................................ 14-26 15 MINERAL RESERVE ESTIMATE ................................................................................ 15-1 16 MINING METHODS ..................................................................................................... 16-1 Mine Design ................................................................................................................. 16-1 Dilution and Extraction ................................................................................................. 16-9 Geomechanics ............................................................................................................. 16-9 Ground support ............................................................................................................ 16-9 Pre-production Schedule ............................................................................................. 16-9 Life Of Mine Plan ......................................................................................................... 16-9 Infrastructure ............................................................................................................. 16-11 Mining Equipment ...................................................................................................... 16-14 17 RECOVERY METHODS .............................................................................................. 17-1 Introduction .................................................................................................................. 17-1 Process Flowsheet and Description ............................................................................. 17-4 18 PROJECT INFRASTRUCTURE .................................................................................. 18-1 19 MARKET STUDIES AND CONTRACTS ...................................................................... 19-1 Markets ........................................................................................................................ 19-1 Contracts ..................................................................................................................... 19-1 20 ENVIRONMENTAL STUDIES, PERMITTING, AND SOCIAL OR COMMUNITY IMPACT ......................................................................................................................................... 20-1 Environmental and Social Setting ...............................................................................