Holt Technical Report, Duncan B.C., Page | 1 TECHNICAL REPORT (NI 43-101) HOLT PROPERTY, DUNCAN B.C. BCGS Map 092B 071 NTS Map 092B12W Victoria Mining Division UTM 10 (NAD 83) Latitude 48º 41' 56" N / Longitude 123º 48' 13" W Northing 5394295 / Easting 440869 Prepared for: ISLAND TIME EXPLORATION LTD. 113-3663 Crowley Drive, Vancouver, BC V5R 6H4 Prepared by: B.J. PRICE GEOLOGICAL CONSULTANTS INC. Barry James Price, M.Sc., P. Geo., Consulting Geologist 820 14th Street East, North Vancouver BC, V7L 2P6 TEL: 604-682-1501 CEL: 778-231-91892 FAX: 604-642-4217 e-mail: [email protected] EFFECTIVE DATE MAY 15, 2018 B.J. PRICE GEOLOGICAL VANCOUVER BC MAY 2018 Holt Technical Report, Duncan B.C., Page | 1 TABLE OF CONTENTS Summary ........................................................................................................................................................................ 4 Introduction ................................................................................................................................................................... 6 Reliance on Other Experts ............................................................................................................................................. 6 Property Description and Location ................................................................................................................................ 7 PROPERTY DESCRIPTION ............................................................................................................................................ 7 LOCATION MAP 1 ................................................................................................................................................... 8 LOCATION MAP 2 ................................................................................................................................................... 9 Figure 3A. Mineral Titles ....................................................................................................................................... 1 Figure 3B HOLT A B C AND D CLAIMS .................................................................................................................... 2 Location ..................................................................................................................................................................... 1 Accessibility, Climate, Local Resources, Infrastructure and Physiography .................................................................... 1 Access ........................................................................................................................................................................ 1 Physiography VEGETATION and Climate ................................................................................................................... 1 Local Resources and Infrastructure ........................................................................................................................... 1 History ........................................................................................................................................................................... 2 Mt Sicker .................................................................................................................................................................... 2 Property History ........................................................................................................................................................ 3 1987 Grids by MPH Consulting Ltd. ....................................................................................................................... 4 Geological Setting and Mineralization ........................................................................................................................... 6 Regional Geology ....................................................................................................................................................... 6 STRATIGRAPHIC COLUMN – VANCOUVER ISLAND ................................................................................................ 7 GEOLOGY OF VANCOUVER ISLAND - Steven Earle PH..D, (UNDATED) .................................................................. 1 SCHEMATIC SECTION OF VANCOUVER ISLAND ..................................................................................................... 2 Regional Geology of The Duncan Area (Ridgeline 2017) ....................................................................................... 1 Legend for Regional Geology Map ......................................................................................................................... 2 B.J. PRICE GEOLOGICAL VANCOUVER BC MAY 2018 Holt Technical Report, Duncan B.C., Page | 2 Regional Economic Geology ...................................................................................................................................... 3 VOLCANOGENIC MASSIVE SULPHIDE MODEL ................................................................................................. 3 DISTRIBUTION OF BUTTLE LAKE AND MT. SICKER ROCKS ....................................................................... 4 Geology of the Mt. Sicker area .............................................................................................................................. 5 Local Geology ............................................................................................................................................................. 6 Holt Property Geology (Ridgeline 2018) ................................................................................................................ 8 Mph cross sections (1987) ..................................................................................................................................... 9 Mineralization .......................................................................................................................................................... 10 Deposit Types ................................................................................................................................................................ 2 Exploration..................................................................................................................................................................... 3 Sampling Program ..................................................................................................................................................... 4 Silt samples from the Holt Property ...................................................................................................................... 6 Soil Samples from the Holt Property ..................................................................................................................... 7 Rock samples from the Holt Property ................................................................................................................... 8 Geophysical survey .................................................................................................................................................... 9 AIRBORNE GEOPHYSICAL GRID ............................................................................................................................ 11 Holt property Plan of Airborne MAGNETIC INTENSITY ........................................................................................ 12 Drilling.......................................................................................................................................................................... 13 Sample Preparation, Analyses and Security ................................................................................................................ 13 Data Verification .......................................................................................................................................................... 13 Mineral Processing and Metallurgical Testing ............................................................................................................. 15 Mineral Resource Estimates ........................................................................................................................................ 15 Mineral Reserve Estimates .......................................................................................................................................... 15 OTHER TITLES ............................................................................................................................................................... 15 Adjacent Properties ..................................................................................................................................................... 15 Other Relevant Data and Information ......................................................................................................................... 16 Interpretation and Conclusions ................................................................................................................................... 16 B.J. PRICE GEOLOGICAL VANCOUVER BC MAY 2018 Holt Technical Report, Duncan B.C., Page | 3 Interpretation of the magnetic Survey (BJ Price Geological 2018) ........................................................................ 1 Recommendations ........................................................................................................................................................