LYNN LAKE RESOURCES

At a nickel equivalent cutoff grade of 0.4%, the N and O zones contain a Measured resource of about 1.0 million tons with an average grade of 0.76% nickel and 0.36% copper. The N and O zones contain an Indicated resource that totals 22.9 million tons with an average grade of 0.57% nickel and 0.30% copper. The Inferred resource totals 8.1 million tons with an average grade of 0.51% nickel and 0.28% copper in the N, O and G zones.

Lynn Lake Property's Summary of Mineral Resources
Resource Category Tonnes
(millions)
Cu Grade
(%)
Ni Grade
(%)
Cu
(lbs)
Ni
(lbs)
Measured & Indicated 22,901,679 0.30 0.57 137,502,679 262,480,801
Inferred 8,075,019 0.28 0.51 45,615,427 81,560,064

TECHNICAL REPORTS