43-101 Technical Report Lucky Minerals Inc. ___________________________________________________________________________________ The Emigrant Mining District Project South Central Montana A National Instrument 43-101 report Prepared For: Lucky Minerals Inc. Prepared by: Geologic Systems Ltd. Geologic Systems Ltd. Updated October 2015 P a g e | i 43-101 Technical Report Lucky Minerals Inc. ___________________________________________________________________________________ Table of Contents 1.0 Executive Summary ................................................................................................................... 6 Introduction and Recommendations ................................................................................................... 6 Technical Report ................................................................................................................................. 6 Location, Land Holdings and Infrastructure ....................................................................................... 6 Regional Geology ............................................................................................................................... 7 Geology of the Emigrant District ........................................................................................................ 7 Mineralization ..................................................................................................................................... 8 Targets................................................................................................................................................. 9 St Julian ........................................................................................................................................... 9 DUV Target Zone ........................................................................................................................... 9 Allison Tunnel .............................................................................................................................. 10 Base Metal Target Zone ................................................................................................................ 10 Emigrant Peak Target Zone .......................................................................................................... 11 Peter Pear Target Zone.................................................................................................................. 11 Drilling .............................................................................................................................................. 12 Sampling and Data Verification........................................................................................................ 12 Metallurgy ......................................................................................................................................... 13 Inferred Mineral Resources ............................................................................................................... 13 Recommendations ............................................................................................................................. 14 2.0 Introduction .............................................................................................................................. 14 3.0 Reliance on Other Experts ...................................................................................................... 15 4.0 Property Description and Location ........................................................................................ 15 4.1 General ........................................................................................................................................ 15 4.2 Mineral Tenure............................................................................................................................ 15 4.3 Ownership Agreements ............................................................................................................... 16 4.4 Permits ........................................................................................................................................ 19 5.0 Accessibility, Physiography, Climate, and Infrastructure ................................................... 22 6.0 History ....................................................................................................................................... 22 6.1 Placer Mining .............................................................................................................................. 24 6.2 Historic Resources ...................................................................................................................... 25 6.3 Historic Production ..................................................................................................................... 27 7.0 GEOLOGIC SETTING .......................................................................................................... 28 7.1 Regional Geology ....................................................................................................................... 28 Geologic Systems Ltd. Updated October 2015 P a g e i| i 43-101 Technical Report Lucky Minerals Inc. ___________________________________________________________________________________ 7.2 Local Geology ............................................................................................................................. 30 8.0 Deposit Types ........................................................................................................................... 34 9.0 Mineralization .......................................................................................................................... 36 Target Zones ..................................................................................................................................... 38 St Julian ......................................................................................................................................... 38 DUV Target Zone ......................................................................................................................... 46 Allison Tunnel .............................................................................................................................. 54 Base Metal Target Zone ................................................................................................................ 57 Emigrant Peak Target Zone .......................................................................................................... 58 Peter Pear Target Zone.................................................................................................................. 61 Other Target Zones ....................................................................................................................... 63 Montana Queen and Corbett ............................................................................................... 63 Sheila zone ................................................................................................................................ 63 Magnetite .................................................................................................................................. 64 Overlap ...................................................................................................................................... 64 Crevis ........................................................................................................................................ 65 Placer Targets................................................................................................................................ 65 10.0 Exploration .............................................................................................................................. 65 Geophysics .................................................................................................................................... 65 11.0 Drilling ..................................................................................................................................... 72 12.0 Sampling Method and Approach .......................................................................................... 73 13.0 Sample preparation, Analyses and Security ......................................................................... 73 14.0 Data Verification ..................................................................................................................... 74 15.0 Adjacent properties ................................................................................................................ 74 16.0 Metallurgical testing ............................................................................................................... 74 17.0 Mineral Resource Estimates .................................................................................................. 75 18.0 Interpretation and Conclusions ............................................................................................. 78 19.0 Recommendations ................................................................................................................... 80 20.0 References ................................................................................................................................ 81 21.0 Signature Page ........................................................................................................................