Announcement PDF 1 | P a g e 29 October 2025 ARDIDEN QUARTERLY ACTIVITIES REPORT – QUARTER ENDING 30 SEPTEMBER 2025 HIGHLIGHTS  Transformational Merger: Ardiden has entered into a binding Share Sale Agreement with Lac Gold Limited (“Lac Gold”), owner of the advanced-stage Rouyn Gold Project in Québec, Canada.  Scale: The Rouyn Project contains a substantial JORC (2012) Mineral Resource of 15.8 Mt @ 3.28 g/t Au for 1.66 Moz (ASX 10 October 2025), and benefits from significant infrastructure advantages.  Quality: The merger combines Lac Gold’s Rouyn Gold Project with Ardiden’s Pickle Lake Gold Project, creating a balanced portfolio of advanced and growth-stage gold assets across two Tier-1 jurisdictions within Canada (Figure 1).  Timing: The transaction coincides with strong gold market conditions and increasing investor appetite for high-quality Canadian gold exposure.  Strong Funding Position: Ardiden has received firm commitments to raise A$10 million at $0.20 per share (a 18.6% premium to 30-day VWAP), alongside an existing A$11.0 million cash balance as at 30 September 2025.  Favourable Debt Terms Preserved: Lac Gold’s existing C$20 million facility (5% interest, secured only against the Rouyn project) remains in place, providing non-dilutive leverage to growth.  Next Steps: Ardiden shareholders to vote on the merger and placement at the AGM on 26 November 2025, with completion expected shortly thereafter.  Support: The Ardiden Board of Directors unanimously recommends the transaction. Ardiden’s two largest shareholders have also indicated their intention to vote in favour of the transaction.  Pickle Lake Gold Project: Planning commenced for winter exploration program at the South Limb prospect, paving the way for the first field program in the Eastern Hub since 2021. Figure 1 – Projects Location Map. 2 | P a g e Ardiden Chair, Michelle Roth, commented: “This transformational merger represents a defining moment for Ardiden, bringing together two complementary Canadian gold portfolios under one well-funded and focused company. The combination of the Rouyn and Pickle Lake projects delivers both scale and optionality, an advanced, high-grade resource alongside district-scale discovery potential. “With a strengthened balance sheet, a clear growth pathway and an experienced management team, Ardiden is well positioned to create long-term value for shareholders through disciplined exploration, resource expansion, and responsible development.” Ardiden Limited (‘Ardiden’ or ‘the Company’) (ASX: ADV) is pleased to report on its Quarterly Activities. TRANSFORMATIONAL MERGER Subsequent to the end of the quarter, Ardiden announced a pivotal step in its growth trajectory, with the execution of a binding Share Sale Agreement with Lac Gold Limited (ASX Release 10 October 2025), owner of the Rouyn Gold Project. This transformational merger creates a dual-asset Canadian gold explorer and developer with scale, strategic balance and multiple growth pathways. The merged company will be led by an experienced management team with a proven record of exploration success, mine development, and value creation. Ardiden’s existing exploration pipeline in Ontario is complemented by Lac Gold’s advanced Rouyn asset in Québec, providing a unique balance of growth and maturity. The combined company will be well funded (A$21 million post-raise) and positioned to immediately commence fieldwork and technical studies across both Rouyn and Pickle Lake. Strategic Rationale The Ardiden–Lac Gold merger is underpinned by strong strategic and operational logic:  Scale and Balance: The Rouyn Gold Project offers advanced-stage Mineral Resource, while Pickle Lake provides district-scale discovery upside within a proven gold camp.  Jurisdictional Strength: Both Québec and Ontario are Tier-1 mining jurisdictions, providing supportive infrastructure, permitting stability, and strong local workforces.  Operational Synergies: The merger allows shared geological expertise, technical data integration, and logistical cooperation.  Enhanced Market Presence: Combining two quality Canadian assets under one ASX-listed platform strengthens Ardiden’s profile with investors seeking gold exposure.  Leadership and Governance: The merged Board and management team draw on extensive operational, corporate, and financing experience to unlock the value potential of both projects. 3 | P a g e TRANSACTION SUMMARY Leadership & Board The merged company will be led by an experienced team with a proven track record in exploration success, mine development/commissioning, and corporate transactions that have generated billions in shareholder value. The proposed board will comprise three nominees from each company:  Ian Hume, Non-Executive Chair – Founding partner of a US$2.5B global resources fund; former director of Andean Resources until its US$3.5B acquisition by Goldcorp.  Andrew Stocks, Managing Director – Mining engineer with 35+ years’ leadership in corporate functions, mine development and operations.  Matthew Keegan, Executive Director – Geologist with 30 years’ corporate, investment and operational geology experience.  Michelle Roth, Non-Executive Director – Current ADV Chair; extensive background in resource governance and capital markets.  Jeremy Robinson, Non-Executive Director – Mining executive with experience in resources investment and corporate strategy.  Tara Robson, Non-Executive Director – North American qualified CPA experienced in project financing, joint ventures, acquisition/disposition of mineral assets and other contractual arrangements. Management:  John Fitzgerald, Chief Financial Officer – expertise in capital raising, debt financing and cross-border financial and tax management.  Paul Teniere – General Manager, Canadian Operations — extensive experience in exploration, resource reporting and Canadian project delivery. Transaction Completion Completion of the transaction remains subject to and conditional on:  Obtaining all necessary shareholder approvals to give effect to the transaction, including approval for the issue of consideration shares to LAC shareholders, the issue of shares under the Placement, and the issue of performance rights to Andrew Stocks, Matthew Keegan, Ian Hume, Jeremy Robinson, Michelle Roth and Tara Robson;  ASX not withdrawing its previous confirmation that Listing Rules 11.1.2 and 11.1.3 will not apply to the transaction;  Each of the minority Lac Gold shareholders entering into an agreement to sell their shares in Lac Gold to Ardiden on terms satisfactory to ADV;  Ardiden raising at least A$10 million (before costs) under the Placement;  Ardiden and key executives of LAC having entered into executive service agreements; and  Other customary conditions for a transaction of this nature.  Shareholder approval is set to be considered on 26 November 2025. Ardiden has received confirmation its two substantial holders intend to vote in favour of the transactions and related resolutions. 4 | P a g e Funding Ardiden remains in a robust financial position following strong investor support for the proposed A$10 million placement (before costs) at $0.20 per share, 18.6% premium to the 30-day VWAP immediately prior to the merger/placement announcement. When combined with existing cash reserves of A$11 million (30 September 2025), the company will be well funded to execute near-term exploration and development initiatives across both the Rouyn and Pickle Lake projects. The Placement includes significant director support with Churchill Strategic Investments, an entity of which Jeremy Robinson is a beneficial shareholder, and incoming directors Ian Hume, Andrew Stocks and Matthew Keegan agreeing to participate in the capital raising for approximately A$1.73 million collectively. The participation by Churchill Strategic Investments is subject to shareholder approval. In addition, Lac Gold’s C$20 million promissory note (bearing 5% interest and secured only against Rouyn) remains in place. This facility provides non-dilutive leverage and preserves the merged company’s ability to direct capital toward exploration and growth initiatives. LAC GOLD and ROUYN GOLD PROJECT Lac Gold Limited is an Australian unlisted, public gold exploration and development company. Founded and headquartered in Western Australia, Lac Gold is backed by a consortium of high-net-worth individuals, family offices, and resource industry professionals. Rouyn Gold Project The Rouyn Gold Project, wholly owned by Lac Gold (to become a subsidiary of Ardiden upon completion of the merger), is located immediately south of Rouyn-Noranda along Québec’s prolific Cadillac–Larder Lake Break — one of Canada’s most significant and productive gold-bearing structures. This regional structure hosts numerous multi-million-ounce deposits and continues to attract major company investment, placing Rouyn within one of North America’s most concentrated and historically productive gold corridors. Figure 2 – Regional Location Map – Rouyn Gold Project, Abitibi Gold Belt, SE Quebec 5 | P a g e The project spans approximately 12 kilometres of strike and hosts high-grade gold mineralisation in close proximity to several operating gold plants, including Agnico Eagle’s LaRonde, Malarctic, Goldex and Macassa complexes, as well as IAMGOLD’s Westwood operation (Figure 2). Rouyn comprises 73 contiguous mining claims and one mining concession, covering approximately twelve kilometres of highly prospective strike. The property hosts four known deposits, Augmitto, Cinderella, Gamble and Astoria, each of which displays high-grade mineralisation typical of orogenic gold systems in the region. The Mineral Resource estimate (‘MRE’), for the Rouyn Gold Project, has been reported in accordance with the JORC Code (JORC, 2012) and is presented in Table 1 (ASX 10 October 2025). The MRE is reported above a cut- off of 1.72 g/t Au for ultramafic material (96% recovery) and 2.07 g/t Au for Argillite material (80% recovery), inside Mineable Stope Optimisations, which include internal dilution, generated using a gold price of US$2,200/oz. The MRE has been appropriately depleted for previous mining voids. Notably, the resource has been delineated from drilling to depths of only 400–700 metres, whereas nearby operations, such as LaRonde, Bousquet, and Westwood, are actively mined to depths up to 3,000 metres, underscoring the strong potential for resource growth at Rouyn through deeper drilling. Table 1: Rouyn Gold Project, Mineral Resource Estimate Classifica on Material type Au cut-off (g/t) Tonnage (Mt) Gold (g/t) Gold Ounces (koz) Indicated Ultramafic 1.72 8.5 3.29 898 Argillite 2.07 0.7 3.43 78 Total Indicated 9.2 3.30 976 Inferred Ultramafic 1.72 5.6 3.13 565 Argillite 2.07 1.0 3.86 126 Total Inferred 6.6 3.24 690 TOTAL 15.8 3.28 1,666 Note: Due to effects of rounding, totals may not represent the sum of all components. PICKLE LAKE GOLD PROJECT Ardiden’s 100%-owned Pickle Lake Gold Project covers more than 800 km² of highly prospective ground in northwestern Ontario, a region that has historically produced more than 30 million ounces of gold (Figure 3). The project contains three defined gold deposits, Kasagiminnis, Dorothy, and Dobie, as well as multiple advanced targets across the Eastern Hub and West Pickle areas. Exploration to date has demonstrated that gold mineralisation is hosted in iron formations similar to those at the historic Dona Lake and Musselwhite gold mines. During the quarter, the Company advised planning is underway for a winter exploration program within the Eastern Hub. The proposed program will focus on the South Limb prospect, where key iron formation targets and a highly prospective fold nose immediately south of the historic Dona Lake Gold Mine were left untested in 2021. 6 | P a g e Figure 3 – Ardiden’s Pickle Lake Gold Project. Figure 4 - South Limb Targets and Proximity to the Dona Lake Gold Mine 7 | P a g e The proposed program consists of:  A drone survey to capture updated aerial photography of planned work areas and access routes enabling more cost efficient and safer access to key exploration targets;  Geological mapping and mobile metal ion (MMI) soil sampling program along South Limb;  Induced polarisation (IP) surveying over three blocks covering the West, Central and East Blocks of South Limb (Figure 4); and  Prioritising drill targets. Contractor engagement has commenced and consultation begun with the First Nations to accommodate the traditional hunting black-out period. There were no substantive on-ground exploration activities during the quarter. CORPORATE Financial Position and Cash Flows The Company had a strong cash balance at 30 September 2025 of A$11 million, no debt, and continues to retain ~13 million shares in Green Technology Metals (ASX: GT1). Cash outflows for the quarter for operating activities comprised staff costs $127k and administration and corporate costs of $177k. Amounts were offset by the receipt $67k of interest. The Company had a cash outflow from exploration and evaluation of $20k during the quarter Payments to related parties and their associates totalled $54k (consisting of Non-executive Directors fees and superannuation payments. The detail of the cash receipts and payments is set out in Appendix 5B. The Company has 62,517,506 shares on issue, before the issue of 101,388,889 consideration shares to Lac Gold shareholders, and the proposed 50,000,000 placement shares, both subject to shareholder approval at the annual general meeting to be held 26 November 2025. This information is authorised for ASX release by the Board. ENDS For further information: Tara Robson Interim CEO Tel: +61 8 6184 5938 info@ardiden.com.au More information is available from the Company’s website: www.ardiden.com.au 8 | P a g e About Ardiden Ardiden is focused on systematic gold exploration at its 100%- Owned Pickle Lake Gold Project in the well-endowed Uchi Geological Subprovince of north-west Ontario, Canada. The Company’s District-Scale Gold Project is the largest continuous gold land holding in the Uchi Belt, where Barrick, Newmont, Kinross, and Evolution all hold significant gold mine and exploration assets. Ardiden’s strategic landholding is situated on the same geological belt as Red Lake, the ‘Uchi’ Subprovince, which has produced over 30M oz of gold to date. Competent Person’s Statement Pickle Lake Project The information in this announcement that relates to the mineral resources of Ardiden Ltd has been extracted from the ASX announcement titled “Maiden High-Grade Gold Resource at Pickle Lake” released on 10 September 2019 and available at www.asx.com.au. Ardiden Ltd confirms that it is not aware of any new information or data that materially affects the information included in that announcement, and that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. Ardiden Ltd also confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from that announcement. Competent Person’s Statement Rouyn Gold Project The information in this announcement that relates to Mineral Resources for the Rouyn Gold Project has been extracted from the ASX announcement titled “Ardiden and Lac Gold to Create a Leading Canadian Gold Exploration and Development Company” released on 10 October 2025 and available at www.asx.com.au. Ardiden Ltd confirms that it is not aware of any new information or data that materially affects the information included in that announcement, and that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. Ardiden Ltd also confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from that announcement. Forward Looking Statement This announcement may contain some references to forecasts, estimates, assumptions and other forward- looking statements. Although the Company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions, it can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the business, which could cause actual results to differ materially from those expressed herein. All references to dollars ($) and cents in this presentation are to Australian currency, unless otherwise stated. Investors should make and rely upon their own enquires and assessments before deciding to acquire or deal in the Company’s securities. Figure 5 – Core processing station at the Rouyn Gold Project 9 | P a g e QUARTERLY TENEMENT SUMMARY All of the Company's tenements are granted and located in Ontario, Canada. 1. The mining tenements held at the end of the quarter and their location: Gold Projects Tenement Number / Claim ID Beneficial Percentage Interest Pickle Lake - Connections 536230 536231 536232 536233 536234 536235 536236 536237 536238 100% 536239 536240 536241 536242 536243 536244 536245 536246 536247 536248 536249 541336 541337 541341 541344 541345 541346 541350 541355 541358 541359 541360 541361 541366 541367 541368 541369 541370 541371 541372 541373 541374 541376 541377 541378 541379 541380 541381 541382 541383 541384 541385 541387 541388 541389 541390 541391 541392 541393 541394 541395 541396 541397 541398 541399 541400 541401 566571 566572 566573 566574 566575 566576 566577 566578 566579 566580 566581 566582 566583 566584 566585 566586 566587 566588 566589 566590 566591 566592 566593 566594 566595 566596 566597 566598 566599 566600 566601 566602 566603 566604 566605 566606 566607 566608 566609 566610 566611 566612 566613 566614 566615 566616 566617 Pickle Lake - Dempster Lake 695376 704865 704866 704867 704868 704869 704870 704871 704872 100% 704873 704874 704875 704876 704877 704878 704879 704880 704881 704882 704883 704884 704885 704886 704887 704888 704889 704890 704891 704893 579770 579771 579772 579773 579774 579997 579998 580004 580005 580006 580007 580008 580009 580010 580015 580016 580017 580018 580019 580020 580021 580022 580023 580024 580025 580026 580027 580028 580029 580030 580031 580032 580033 580034 580035 580036 580037 580038 580039 580040 580041 580042 580043 580044 580045 580046 580047 580048 580049 580050 580051 580052 580053 580054 580055 580056 580057 580058 580059 580060 580061 580062 580063 580064 580065 580066 580067 580068 580069 580070 580071 580072 580073 580074 580075 580076 580077 580078 580079 580080 580081 580082 580083 580084 580085 580086 580087 580088 580089 580090 580091 580092 580093 580094 580095 580096 580097 580098 580099 580100 580101 580102 580103 580104 580105 580106 580107 580108 580109 580110 580111 580112 580113 580114 580115 580116 580117 580118 580119 580120 580121 580122 580123 580124 580125 580126 580127 580128 580129 580130 580131 580132 580133 580134 580135 580136 580137 580138 580139 580140 580141 580142 580151 580152 580153 580154 580155 580156 580189 580190 580295 580296 580297 580298 580299 580300 580301 580302 580303 580304 580305 580306 580307 580308 580309 580310 580311 580312 580313 580314 580315 580316 580317 580318 580319 580320 580321 580322 580323 580324 580325 580326 580327 580328 580329 580330 580331 580332 580333 580334 580335 580336 580337 580338 580339 580340 580341 580342 580343 580344 Pickle Lake - Dorothy Dobie 695378 566618 566619 566620 566621 566622 566623 566624 566625 100% 566626 566627 566628 566629 566630 566631 566632 566633 566634 566635 566636 566637 566638 566639 566640 566641 566642 566643 566644 566645 566646 566647 566648 566649 566650 566651 566652 566653 566654 566655 566656 566657 566658 566659 566660 566661 10 | P a g e Gold Projects Tenement Number / Claim ID Beneficial Percentage Interest 566662 566663 566664 566935 566936 566937 566938 566939 566940 566941 566942 566943 566944 566945 566946 566947 566948 566949 566950 566951 566952 566953 566954 566955 566956 566957 566958 566959 566960 566961 566962 566963 566964 566965 566966 566967 566968 566969 566970 566971 566972 566973 566974 566975 566976 566977 566978 566979 566980 566981 566982 566983 566984 130849 146857 163914 183363 223180 231210 231211 250184 297909 310059 337656 337657 834414 133040 156088 178279 205183 205184 205185 208735 208736 282178 334448 106176 129964 130944 130945 134232 134753 146858 150199 176602 176770 195771 212985 215430 215446 231209 234028 242865 250376 250377 279407 282045 316960 316961 337827 337828 340994 112990 134448 135762 141205 150524 154016 155274 168691 169948 236504 236505 236506 246370 253832 253833 253834 265913 265914 272648 273934 273935 302509 302510 303780 319856 322018 323277 323278 323279 333405 105912 106277 108546 108547 110665 112086 112889 123364 124723 130012 131221 136226 143008 143009 145694 147714 149493 149494 150822 150823 154661 159811 161295 161344 161961 163956 166547 166548 169333 176661 176793 176991 178776 181433 183657 183658 183659 183660 183661 183802 186059 186838 186839 186840 187792 187793 193812 195459 196502 200893 201767 207317 207318 213019 213020 214000 214531 215505 217414 223229 233344 234647 235998 236858 237737 242885 246778 248523 250729 250918 250919 250920 251226 251227 252855 254138 254139 254140 255485 255486 257816 261457 261968 262541 269312 269419 274481 277187 279431 279432 282650 284007 290701 292076 292077 292078 297946 298040 299720 299721 300389 302098 308300 310268 310973 311804 316984 316985 317711 319530 329251 329351 332358 338360 342957 343787 343788 882191 104984 106701 128625 133429 140102 140103 140104 146037 162581 162582 178630 192633 221873 225203 242025 242026 242027 245369 287953 287954 289318 301466 308702 308703 308704 336319 336320 340200 Pickle Lake - Dorothy Dobie North 695374 613951 613952 613953 613954 613955 613956 613957 613958 100% 613959 613960 613961 613962 613963 613964 613965 613966 613967 613968 613969 613970 613971 613972 613973 613974 613975 613976 613977 613978 613979 613980 613981 613982 613983 613984 613985 613986 613987 613988 613989 613990 613991 613992 613993 613994 613995 613996 613997 613998 613999 614000 614001 614002 614003 614004 614005 614006 614007 614008 614009 614010 614011 614012 614013 614014 614015 614016 614017 614018 614019 614020 614021 614022 614023 614024 614025 614026 614027 614028 614029 614030 614031 614032 614033 614034 614035 614036 614037 614038 614039 614040 614041 614042 614043 614044 614045 614046 614047 614048 614049 614050 614051 614052 614053 614054 614055 614056 614057 614058 614059 614060 614061 614062 614063 614064 614065 614066 614067 614068 614069 614070 614071 614072 614073 614074 614075 614076 614077 614078 614079 614080 614081 614082 614083 614084 11 | P a g e Gold Projects Tenement Number / Claim ID Beneficial Percentage Interest 614085 614086 614087 614088 614089 614090 614091 614092 614093 614094 614095 614096 614097 614098 614099 614100 614101 614102 614103 614104 614105 614106 614107 614108 614109 614110 614111 614112 614113 614114 614115 614116 614117 614118 614119 614120 614121 614122 614123 614124 614125 614126 614127 614128 614129 614130 614131 614132 614133 614134 614135 614136 614137 614138 614139 614140 614141 614142 614143 614144 614145 614146 614147 614148 614149 614150 614151 614152 614153 614154 614155 614156 614157 614158 614159 614160 614161 614162 614163 614164 614165 614166 614167 614168 614169 614170 614171 614172 614173 614174 614175 614176 614177 614178 614179 614180 614181 614182 614183 614184 614185 614186 614187 614188 614189 614190 614191 614192 614193 614194 614195 614196 614197 614198 614199 614200 614201 614202 614203 614204 614205 614206 614207 614208 614209 614210 614211 614212 614213 614214 614215 614216 614217 614218 614219 614220 614221 614222 614223 614224 614225 614226 614227 614228 614229 614230 614231 614232 Pickle Lake - Duffell Lake 695351 695352 579696 579697 579698 579699 579700 579701 579702 100% 579703 579704 579705 579706 579707 579708 579709 579710 579711 579712 579713 579714 579715 579716 579717 579718 579719 579720 579721 579722 579723 579724 579725 579726 579727 579728 579729 579730 579731 579732 579733 579734 579735 579736 579737 579738 579739 579740 579741 579742 579743 579744 579745 579746 579747 579748 579749 579750 579751 579752 579753 579754 579755 579756 579757 579758 579759 579760 579761 579762 579763 579764 579765 579766 579767 579768 579769 579993 579994 579995 579996 579999 580000 580001 580002 580003 580011 580012 580013 580014 Pickle Lake - Jean Lake 574692 574693 574694 574695 574696 574697 574698 574699 574700 100% 574701 574702 574703 574704 574705 574706 574707 574708 574709 574710 574711 574712 574713 574714 574715 574716 574717 574718 574719 574720 574721 574730 574734 574735 574736 574737 574738 574739 574740 574741 574792 574793 574794 574795 574796 574797 574798 574799 574800 574801 574802 574803 574804 574805 574806 574807 574808 574809 574810 574811 574812 574813 574814 574815 574816 574817 574818 574819 574820 574821 574822 574823 574824 574825 574826 574827 574828 574829 574830 574831 574832 574833 574834 574835 574836 574837 574838 574839 574840 574841 574864 574865 574866 574867 574868 574869 574870 Pickle Lake - Kasagiminnis 107775 110169 122183 124715 124717 136219 136220 136221 141049 100% 142242 181427 188198 200883 236849 254414 266397 281542 290905 301653 310311 310962 341763 803062 848611 919661 Pickle Lake - 742484 742485 742486 742487 742488 742489 742490 742491 742492 100% Kasagiminnis 742493 742494 742495 742496 742497 742498 614233 614234 614235 North 614236 614237 614238 614239 614240 614241 614242 614243 614244 614245 614246 614247 614248 614249 614250 614251 614252 614253 614254 614255 614256 614257 614258 614259 614260 614261 614262 12 | P a g e Gold Projects Tenement Number / Claim ID Beneficial Percentage Interest 614263 614264 614265 614266 614267 614268 614269 614270 614271 614272 614273 614274 614275 614276 614277 614278 614279 614280 614281 614282 614283 614284 614285 614286 614287 614288 614289 614290 614291 614292 614293 614294 614295 614296 614297 614298 614299 614300 614301 614302 614303 614304 614305 614306 614307 614308 614309 614310 614311 614312 614313 614314 614315 614316 614317 614318 614319 614320 614321 614322 614323 614324 614325 614326 614327 614328 614329 614330 614331 614332 614333 614334 614335 614336 614337 614338 614339 614340 614341 614342 614343 614344 614345 614346 614347 614348 614349 614350 614351 614352 614353 614354 614355 614356 614357 614358 614359 614360 614361 614362 614363 614364 614365 614366 614367 614368 614369 614370 614371 614372 614373 614374 614375 614376 614377 614378 614379 614380 614381 614382 614383 614384 614385 614386 614387 614388 614389 614390 614391 614392 614393 614394 614395 614396 614397 614398 614399 614400 614401 614402 614403 614404 614405 614406 614407 614408 614409 614410 614411 614412 614413 614414 614415 614416 614417 614418 614419 614420 614421 614422 614423 614424 614425 614426 614427 614428 614429 614430 614431 614432 614433 614434 614435 614436 614437 614438 614439 614440 614441 614442 614443 614444 614445 614446 614447 614448 614449 614450 614451 614452 614453 614454 614455 614456 614457 614458 614459 614460 614461 614462 614463 614464 614465 614466 614467 614468 614469 614470 614471 614472 614473 614474 614475 614476 614477 614478 614479 614480 614481 614482 614483 614484 614485 614486 614487 614488 614489 614490 614491 614492 614493 614494 614495 614496 614497 614498 614499 614500 614501 614502 614503 614504 614505 614506 614507 614508 614509 614510 614511 614512 614513 614514 614515 614516 614517 614518 614519 614520 614521 614522 614523 614524 614525 614526 614527 614528 614529 614530 614531 614532 614533 614534 614535 614536 614537 614538 614539 614540 614541 614542 614543 614544 614545 614546 614547 614548 614549 614550 614551 614552 614553 614554 614555 614556 614557 614558 614559 614560 614561 614562 614563 614564 614565 614566 614567 614568 614569 614570 614571 614572 614573 614574 614575 614576 614577 614578 614579 614580 614581 614582 614583 614584 614585 614586 614587 614588 614589 614590 614591 614592 614593 614594 614595 614596 614597 614598 614599 614600 614601 614602 614603 614604 614605 614606 614607 614608 614609 614610 Pickle Lake - Kawashe Lake 574871 574872 574873 574874 574875 574876 574877 574878 574879 100% 574880 574881 574882 574883 574884 574885 574886 574887 574888 574889 574890 574891 574892 574893 574894 574895 574896 574897 574898 574899 574900 574901 574902 574903 574904 574905 574906 574907 574908 574909 574910 574911 574912 574913 574914 574915 574916 574917 574918 574919 574920 574921 574922 574923 574924 574925 574926 574927 574928 574929 574930 574931 574932 574933 574934 574935 574936 574937 574938 574939 574940 574941 574942 13 | P a g e Gold Projects Tenement Number / Claim ID Beneficial Percentage Interest 574943 574944 574945 574946 574947 574948 574949 574950 574951 574952 574953 574954 574955 574956 574957 574958 574959 574960 574961 574962 574963 574964 574965 574966 574967 574968 574969 574970 574971 574972 574973 574974 574975 574976 574977 574978 574979 574980 574981 574982 574983 574984 574985 574986 574987 574988 574989 574990 574991 574992 574993 574994 574995 574996 574997 574998 574999 575000 575001 575002 575003 575004 575005 575006 575007 575008 575009 575010 575011 575012 575013 575014 575015 575016 575017 575018 575019 575020 575021 575022 575023 575024 575025 575026 575027 575028 575029 575030 575031 575032 575033 575034 575035 575036 575037 575038 575039 575040 575041 575042 575043 575044 575045 575046 575047 575048 575049 575050 575051 575052 575053 575054 575055 575056 575057 575058 575059 575060 575061 575062 575063 575064 575065 575066 57506