Annual Technical Report GR356 Moline Mining Group MLN 41, MLN 1059 and ML 24173 16 August 2015 to 15 August 2016

Abstract

This is the second annual technical report combining the Moline mineral leases MLN 1059, MLN 41 and ML 24173. Theses leases held by Newmarket Gold Inc. and are being explored in two separate joint ventures with Rockland Resources (for uranium) and PNX Metals (for all other minerals). During the reporting period, a data compilation and review was completed internally with the enormous datasets inherited. This included field validation. Based on interpretation of historical information, there is strong potential for substantial underground gold and possible base metal resources in depth extensions of high grade vein systems beneath the main open pits, notably at Hercules, School, Moline and Lay, as well as considerable oxide mineralisation potential in other prospects. PNX believe there is excellent potential to define and discover additional gold resources beneath and adjacent to historical workings where mining activities were abruptly stopped in the 1990's, and have planned a drill program currently pending MMP approval.