Updates

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LITTLE STULL LAKE, MANITOBA

Little Stull Lake Gold Project – Overview

Location & Land Package

· Northeastern Manitoba, near the Ontario border, ~600 km NNE of Winnipeg; nearest community: Red Sucker Lake (~70 km SW).

· 100% interest in 20 mineral claims (~2,837 ha) plus two Mineral Exploration Licenses (~36,000 ha), totaling 388 km².

Acquisition & History

· Acquired from Puma Exploration in July 2017.

· Historic work (1980s–2007): 219+ drill holes (~37,421 m) by Westmin, Wolfden, Puma, outlining five gold zones along 6.2 km.

· Historical (non-compliant) estimate by Westmin: ~750,000 tons @ 10.5 g/t Au.

Geology & Potential

· Oxford–Stull greenstone belt, along the Wolf Bay Shear Zone (40+ km strike).

· West Zone gold hosted in mafic–intermediate volcanic rocks with quartz–ankerite veining, sulphides, and alteration; drilled over 1.1 km strike and to ~150 m depth (mineralization intersected to 300 m).

· Multiple additional zones (Central, Rocky, Beaver Lodge, Otter) extend mineralized strike to ~6.2 km.

Exploration Tools

· 2017 high-density airborne magnetic survey: mapped extensive mafic volcanic–sediment contact.

· 2019 AI (Windfall Geotek CARDS) targeting identified untested gold anomalies in MEL areas.

Community & Permitting

· Extensive engagement with Manto Sipi Cree Nation (MSCN) and Gods Lake First Nation (GLFN) since 2017.

· GLFN Letter of Understanding (2018) for early-stage exploration; renegotiation required under 2025 Consultation Protocol.

· Seven years of consultations led to a formal exploration protocol (2019), but a 2024 GLFN referendum rejected exploration; MSCN participation pending resolution of Treaty Land Entitlement overlaps.

Environmental Work

· 2021–2023: $300k MMDF grant supported camp cleanup, fuel drum removal, soil remediation (with MSCN and Pinchin Ltd.), and environmental monitoring.

Planned Work (2025–2026)

· Two-phase drill program: 20 holes (~5,000 m) to confirm historic results, using existing pads/trails to limit disturbance.

· Deep IP survey (Otter Zone → West Zone) prior to drilling.

· Targeted drilling of eastern zones based on IP anomalies.

VENDOME  Copper – Nickel, QUEBEC

Vendôme Sud Project – Summary

1. Location & Ownership

• Owner: BWR Exploration Inc. (100% interest since August 2015)
• Size:     49 mineral claims (~2,083 ha) in Fiedmont Township, Abitibi region, Quebec
• Proximity:     ~45 km north of Val-d’Or, west of Barraute
• Geology:     Favourable for:
  • VMS      (Volcanogenic Massive Sulphides)
  • MMS      (Magmatic Massive Sulphides)
  • Hybrid  VMS-MMS systems
  • Quartz-carbonate vein-hosted gold

    

2. Historical Exploration & Geophysics

• Drilling history:
  • 21,600m drilled (17,000 m in 1960s, remainder more recent)
  • 1962 historical resource (Canadian Shield Mining Corp.):
    • Probable tonnage: ~347,500 tons @ 0.82% Ni, 0.68% Cu (non-compliant with NI 43-101)
• Surface geophysics:
  • 2014 airborne TDEM/magnetic survey: 11 strong & 4 very strong anomalies
  • 2016 3D magnetic inversion model targeting depth extension of Magodor MMS zone
  • 2018 ground gravity survey: “excess mass” anomaly coinciding with Magodor magnetic signature — possible deeper/larger targets

    

3. 2021 Drill Campaign

• Program:  1,000 m in 4 diamond drill holes (July 2021) at historic Magodor (“A Zone”)
• Historic intercepts (1962–63):
  • DDH 5-62-5: 0.91 m (3 ft) @ 2.65% Ni, 0.65% Cu
  • 62-13: 2.53 m (8.3 ft) @ 0.9% Ni, 0.47% Cu
  • C-63-1 (C Zone, 500 m west): 1.68 m (5.5 ft) @ 0.77% Ni, 0.65% Cu
• 2021 results:
  • BWR-V-21-01: 37.8 m @ 0.34% Cu, 0.27% Ni (incl. 6.75m @ 0.59% Cu, 0.56% Ni)
  • BWR-V-21-02: 11.1 m @ 0.42% Cu, 0.27% Ni (incl. 2m @ 0.9% Cu, 0.3% Ni)
  • BWR-V-21-04: 14.7 m @ 0.15% Cu, 0.18% Ni (incl. 2.9m @ 0.45% Cu, 0.48% Ni)

    

4. Precious Metals Potential

• 2022 testing: Au, Pt, Pd detected in higher-grade Ni-Cu intervals
• Suggests polymetallic system with potential for:
  • Precious metals (Au, Pt, Pd)
  • Critical/base metals (Cu, Ni, Zn)
• Interpretation (J. Franklin, Ph.D.): Possible hybrid VMS–MMS environment, with mafic magmatic intrusion interacting with felsic volcanics

5. Proposed 2026 Exploration Program

• Geophysics:  Expanded ground magnetics, gravity, EM
• Drilling:   ~4 holes (~1,000 m) on Zones A & C
• Focus:  Polymetallic potential of Zone A using hybrid MMS-VMS model

SHUNSBY PROJECT, ONTARIO

Location & Ownership

• 20 contiguous crown patent claims (~314 ha) – Cunningham Township, Ontario
• Between Timmins and Sudbury, near Sultan
• 70.52% owned by BWR (initial 59.8% via Hage Corporate Services; increased after Rally Energy dilution)
• 1.5% NSR (0.5% to Rally; BWR can repurchase 0.5% before production)
• 2023: Hage’s royalty interest transferred to shareholders; Hage now wholly owned      by BWR and retains claim title

Historical Exploration

• 1904–early 1990s: Trenching, geophysics, >200 drill holes (~23,000 m) by Cominco, Teck, Placer, Phelps Dodge
• 2013 NI 43-101 technical report (MPH Consulting Ltd.) – digitized historical data, confirmed Zn-Cu mineralization
• Historical (non-NI 43-101) resource: ~3.7 Mt @ 0.59% Cu, 2.56% Zn (3.3 Mt potentially open-pittable)

Recent Exploration

• 2014 Drill Program: 6 holes (~750 m) – all intersected massive sulphide or mineralized zones
  • Hole BWR-14-03: 35.5 m @ 2.4% Zn (incl. 6.2 m @ 6.1% Zn)
• Interpretation: VMS system in feeder-stringer zone near VMS horizon – potential for high-grade pods

Proposed Exploration (No Fixed Timeline)

• Additional diamond drilling, trenching, mapping
• Induced polarization (IP) and gravity surveys
• Re-establish survey control to locate historical drill collars for resource modeling