The mineralized system includes the Pusticamica deposit, characterized by gold mineralization with copper and silver by-products. It extends over 3 km in length, 350 m in width, and reaches a depth of 1,300 m. The deposit exhibits strong geological and grade continuity, with potential for resource expansion through additional drilling.

A historical mineral resource estimate, prepared by InnovExplo Inc. for Cartier Resources Inc., reported:

• Indicated: 1,455,400 tonnes @ 2.87 g/t AuEq (134,400 oz AuEq)
• Inferred: 1,449,600 tonnes @ 2.30 g/t AuEq (107,000 oz AuEq)

Exploration drilling has been conducted to explore extensions of the Pusticamica Gold Deposit and assess their peripheral potential.

Under the terms of the Option Agreement, the Company shall have the right to earn a one hundred (100%) percent interest in and to the Properties in consideration for a series of cash payments, the issuance of common shares of the Company and incurring exploration expenditures on the Properties.

Upon exercise of the options, Cartier would retain a 2.0% net smelter returns royalty ("NSR") over the Properties. Under the terms of the Option Agreement, Exploits has the ability to repurchase the NSR in consideration for future cash payments, and Exploits will have full operational control over exploration activities on the Properties during the term of the Option Agreement (including the ability to reallocate expenditures between the Properties during the term of the option).

The Option Agreement is conditional on Exploits obtaining all necessary regulatory approvals required under the policies of the Canadian Securities Exchange on or before June 13, 2025. Any common shares of the Company that are issued to Cartier will be subject to a standard hold period of four months and one day following the date of issuance, pursuant to Canadian securities regulations.

(1) The above referenced mineral resource estimate for: (a) the Benoist contained in “NI 43-101Technical Report and Mineral Resource Estimate for the Benoist Property, Québec, Canada” with an effective date of December 17, 2020 and dated January 28, 2021 prepared by InnovExplo Inc. for Cartier; and (b) the Hawkins project contained in a 2020 technical report published by a previous operator of the property, which disclosed an inferred resource estimate of 328,000 ounces of gold grading 1.65 g/t Au, are each considered by Exploits to be a “historical estimate” as defined under NI 43-101. While the Company considers the estimates to be reliable, no qualified person of Exploits has done sufficient work to classify either historical estimate as a current mineral resource of Exploits, and Exploits is not treating either historical estimate as a current mineral resource for purposes of its disclosure. Among other things, significant data compilation, re-drilling, re-sampling and data verification may be required by a qualified person before such historical estimates can be classified as a current resource. There can be no assurance that any of the historical mineral resources, in whole or in part, will ever become economically viable. In addition, mineral resources are not mineral reserves and do not have demonstrated economic viability. The Company is not aware of any more recent estimate prepared for Benoist by Cartier nor for the Hawkins project. Even if classified as a current resource, there is no certainty as to whether further exploration will result in any inferred mineral resources being upgraded to an indicated or measured resource category.

(2) The historical mineral resource estimate prepared by Cartier disclosed the following: (a) indicated mineral resources of 1,455,400tonnes as follows: (i) grade Au (g/t) 2.57, grade Cu (%) 0.19 and grade Ag(g/t) 8.37 (or grade AuEq 2.87), representing 120,100 ounces Au, 5,974,800pounds Cu and 391,900 ounces Ag (or 134,400 ounces AuEq); and (b) inferred mineral resources of 1,449,600 tonnes as follows: (i) grade Au (g/t) 2.2, gradeCu (%) 0.06, and grade Ag (g/t) 2.51 (or AuEq (g/t) 2.3), representing 102,700ounces Au, 1,785,900 pounds Cu and 117,200 ounces Ag (or 107,000 ouncesAuEq).  The historical mineral resource estimate was conducted on the basis of the reasonable prospect for eventual economic extraction being met by having: a minimum width of 2.4 m for the structures, a cut-off grade of 1.5 g/t AuEq, and constraining volumes applied to any blocks (potential underground scenario) below a 100-m crown pillar. The cut-off grade inputs are: gold price of USD1,610/oz; CAD:USD exchange rate of1.33; mining cost of $55/t; processing cost of $22.5/t; general and administrative and environmental costs of $9.50/t; royalty of 0.5% and are finery charge of $5/t. The AuEq formula used a silver price of USD18.30/oz and a copper price of USD2.67/lb.