Precieux Gold Mining - PROJECT GEOLOGY

Precieux Gold Mining Project

Our Gold Project covers an area of more than 370 km², situated along the Casa Berardi Deformation Zone (“CBDZ”) within the prolific Abitibi Greenstone Belt (“AGB”). It belongs to the syenite-associated gold class of mineral deposits, which includes Beatty (>5.6Moz Au), Holt-McDermott (>1.3Moz Au), and Australia Malartic (>17Moz Au) in the AGB. The area is also prospective for the more typical AGB orogenic style (structurally controlled gold-quartz veins and veinlets) of gold deposit as well as for volcanogenic massive sulphide (“VMS”) deposits.

It consists of a northern corridor of relatively well preserved tuffs of felsic to intermediate compositions; the central 3 km wide Douay-Style Mineralization (“DSM”) corridor enclosing the CBDZ with a mix of syenitic porphyries, basalts, felsic volcanic rocks and iron formations, and gold-hosted shear zones; and a southern corridor of mostly basalts with siliceous-chemical sediments and chlorite-sulphide bearing feeder-pipes, both typical of VMS systems. The volcanic stratigraphy trends WNW to ESE whereas the major regional fault zones trend E-W. Existing drill data shows multiple higher-grade zones, including Douay West, within and near an elongated body of syenite porphyry over an area of at least 6.5 x 2 km. In addition, there are further poorly explored known and possible syenite bodies elsewhere on the property.

Alteration assemblages and micro-fracturing in brittle rocks hosting narrow veinlets of quartz-carbonate with pyrite are associated with higher gold values generally above 5 g/t gold over metric intervals within the DSM. Fractured syenite containing fine pyrite veinletsin addition to disseminated pyrite, encompassing altered basalt fragment and magnetite-rich "iron formation" yield 100 ppb to 1 g/t gold over decametric to hectometric intervals

Project Geology

PrecieuxGoldmine - TECHNICAL ADVISORY COMMITTEE

Technical Advisory Committee

Precieux Goldmine Creation LTD has formed a Technical Advisory Committee to help guide all future exploration, drilling and project management at the Douay Gold Project. The Committee members:

DAVID W. BROUGHTON

CO-CHAIR, DIRECTOR

David was Executive Vice-President Exploration with Ivanplats Ltd (now Ivanhoe Mines) from January 2008 through October 2016, and was co-awarded PDAC’s Thayer Lindsley and AME BC’s Colin Spence awards for world-class discoveries at Kamoa, DRC and Flatreef, SA. Closer to home, David has worked extensively on exploration, development stage and mining projects throughout the Abitibi including in the Casa Berardi and Joutel areas, both very close to Douay, in the Timmins and Kirkland Lake camps, and at the Holloway and Kerr Addison mines. Upon retirement from Ivanhoe in October 2016 David became Senior Advisor, Exploration and Geology for Ivanhoe and also consults for a number of Canadian ventures. David holds a B.Sc. and M.Sc. from the University of Waterloo and a Ph.D. from the Colorado School of Mines.

MAURICE A. TAGAMI

CO-CHAIR

Maurice has served as the Vice President, Mining Operations for Wheaton Precious Metals Corp. since July, 2012. He is a Metallurgical Engineer from the University of British Columbia with 35 years of experience in mining operations, engineering, construction and project development. He is responsible for maintaining partnerships with 21 operating mines and 8 development projects from which Wheaton Precious Metals Corp. has silver and/or gold streaming agreements. Prior to July 2012, Mr. Tagami was President & CEO and Director of Keegan Resources Inc.

R. DENNIS BERGEN

Dennis is a Mining Engineer with over 40 years of experience. He is a Professional Engineer and has held senior operating responsibilities at a number of mines and projects in northern Canada, including General Manager of the Golden Bear Mine, General Manager at the Tungsten Mine of North American Tungsten, and Manager of the Ketza River Mine. He was Vice President, Operations for Wheaton River Minerals and is active as a consulting mining engineer with extensive experience in project review and evaluation.

JOHN V. CASSON

John is an Electrical Engineer with over 35 years of experience in the non-ferrous and ferrous mining and metals processing sectors. John specializes in infrastructure design, project evaluation and implementation analysis in the development of world class capital mining and beneficiation projects. He has held senior positions on major capital projects including Voisey’s Bay, El Aouj and Mary River.