Thundercloud, Ontario, Canada

The Thundercloud Property is located in the central Wabigoon greenstone belt in Western Ontario. The geological setting is analogous to the Abitibi belt in Eastern Ontario but Thundercloud is much less explored. The belt contains numerous gold showings, several deposits and historic past producers including the Big Master Mine (1902-1943) and the Laurentian Mine (1906-1909). Results to date indicate excellent potential to define bulk-tonnage orogenic gold mineralization with potential for high grade mineralization. Close to 30 M oz of gold has been discovered in the area in recent years.

The Property consists of 2,250 hectares, located 47 kilometres southeast of Dryden, northern Ontario. It is readily accessible from the Trans-Canada Highway (Hwy 17). Dryden is a resource-based town with excellent infrastructure necessary for mining operations. Several large scale mining operations in the area include New Gold's Rainy River Mine (6.4 million oz gold and 18.7 million oz silver), and Evolution Mining's Red Lake Gold Mine (9.25 million oz gold) as well as several multi-million ounce gold reserves, defined at the Canadian Malartic Hammond Reef deposit (5.8 million oz gold) by Agnico Eagle, and First Mining Gold's Springpole deposit (4.9 million oz gold).

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The Manitou-Stormy Lakes Greenstone belt lies within the western Wabigoon Subprovince, a granite-greenstone terrane of the Superior Province. A number of thick volcano-sedimentary sequences consisting of mafic to felsic lavas and associated intrusions and pyroclastic rocks, all of which are generally overlain by sedimentary sequences, characterize the belt. Gold-bearing mineralized zones are focused in a north-south corridor within the central portion of the property. Host rocks comprise tholeiitic basalts overlain by a suite of clastic rocks of the Stormy Lake Group, including conglomerates, breccias and sandstones with a wide range in matrix and clast compositions. These rocks form a structurally complex central corridor between the intermediate composition Taylor Lake stock (2695±4 Ma: Davis et al. 1982) to the west and the felsic Thundercloud quartz-feldspar porphyry ("QFP") to the east.

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Two main zones were identified on the Property, the Pelham Zone and West Contact Zone.

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Pelham Zone

Most of the drilling was done in a small part of the Pelham Zone. The NI 43-101 report prepared by Fladgate Exploration Consulting Corporation ("Fladgate") for Dynasty based on 66 core holes totaling 12,093 meters of historic drilling estimates an Inferred Resource of 182,000 ounces gold at 1.37 g/t for Pelham Zone.

The Pelham Resource of gold mineralization as presented by Fladgate is a gold vein deposit in a fractionated gabbro. Exploration in the Pelham Zone has been completed to a relatively advanced stage. The gold mineralization in the Pelham area displays relatively good continuity, allowing an estimate of the mineral resource. The gold mineralization exhibits a very strong lithologic (gabbro-sediment contact) and structural controls. Gold is present in a variety of styles including: veinlets, clots, and disseminated sulphides.

Most of the drill data used to support mineral resource calculation in the Pelham Resource was from drilling carried out by Teck Resources Limited ("Teck") and Laurentian Goldfields in 2007 to 2011. Their drill holes intercepted mineralization at depths of up to 350 m below surface. Gold mineralization has been defined along a strike length of 430 m and 150 m down-dip.

Highlights of drill results from historic work and the recent drilling by Teck (2007 and 2008) and Laurentian Goldfields (2011) include:

• 113.0 m @ 1.72 g/t Au (88-10)
• 60.30 m @ 1.46 g/t Au (88-05)
• 55.25 m @ 2.19 g/t Au (TC08-11), including 1 m @ 37.5 g/t Au, 9.34 m @ 7.91 g/t Au and 21.73 m @ 4.63 g/t Au
• 29.66 m @ 0.77 g/t Au including 9.04 m @ 2.20 g/t Au (TC08-09)
• 68.8 m @ 1.55 g/t Au (TC11-001)
• 81.0 m @ 1.31 g/t Au (TC11-006)

The highest grade from historical drilling returned up to 192.7 g/t gold over 0.55 meters.

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West Contact Zone

Trench samples collected from the West Contact Zone during the 2006/2007 exploration campaign returned between 1.0-9.8 g/t gold, including 8.02 g/t gold over 39.0 m and 89.4 g/t gold over 3.0 m. Little follow up work was done in this area which will be one of the main focuses of the Company's 2021 exploration program.

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