BONANZA CLAIMS GROUP WHITE CRYSTALLINE LIMESTONE DEPOSIT VANCOUVER ISLAND, BRITISH COLUMBIA

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1 REPORT ON 2006 ASSAY RESULTS FROM 2001 CORE DRLLNG PROGRAM BONANZA CLAMS GROUP WHTE CRYSTALLNE LMESTONE DEPOST VANCOUVER SLAND, BRTSH COLUMBA NTS 92U7W *c NANAMO MNNG DVSON BRTSH COLUMBA b,+ LATTUDE NO LONGTUDE FOR Activity Core Shipped. to Vermont Core Layout, Photo, & Split June-July, 2006 Joe ha1 (Geologist) Assay Analyses July-August, 2006 Omya ndustries nc. Proctor Analytical Lab Date Submitted: November 15,2006 Author: Joel Blumenthal (Geologist) Omya ndustries nc. 61 MainSt Proctor, Vermont USA 1

2 TABLE OF CONTENTS 1. ntroduction 2. Property Status 3. Location and Access 4. Previous Assessment Reports 5. Summary of 2001 Core Drilling Core Drilling Assay Procedure Core Drilling Assay Results Summary 8. Recommendations 9. References 10. Expenditures 11. Qualifications Figures 1. Claim Group ndex Map 2. Claim Group Topographic Map showing 2001 Core Locations 3. Core BC-BZ Analyses and Lithology Section 4. Core BC-BZ Analyses and Lithology Section i 5. Core BC-BZ Analyses and Lithology Section Tables 1. Core BC-BZ-01-1 Analytic Lab Report 2. Core BC-BZ Analytic Lab Report 3. Core BC-BZ Analytic Lab Report 2

3 NTRODUCTON Continued core drilling exploration completed on the Bonanza Claim Group in 2001 was assayed in The claim group is located in the Bonanza Lake Area on the north end of Vancouver sland, British Columbia. The claims are held by Omya Canada nc. and contain white, high-calcium crystalline limestone. The assay work follows the 2001 core drilling and prior programs in an ongoing effort to characterize this deposit area of white crystalline limestone associated with the Triassic Lower Quatsino Formation in terms of potential ore quality and quantity for possible future development. Omya Canada nc. is based in Perth, Ontario. t is the largest producer of white finely ground, high-calcium carbonate products in Canada. ts powder and slurry products are consumed throughout the paper, plastic, paint, pharmaceutical, and building industries. PROPERTY STATUS The Bonanza Claim Group currently consists of seven (7) claims covering a 925 Hectare area as shown in Figures 1 and 2. The claims with respective tenure numbers are: Bonanza 1 (230188), Bonanza 2 (230189), 5-16 #1 (329082), J-16 #2 (329083), 5-16 #3 (329084), J- 16 #4 (329085), and KC4 (367208). All claims are presently registered in the name of Omya Canada nc. LOCATON AND ACCESS The Bonanza Claim Group covers the mountainous area located immediately east of the Bonanza River at north end of Bonanza Lake. Port McNeill, the closest town, is about 40 km (by road) to the northwest. Access from Port McNeill is via BC Highway 19 south for 10 km and then via Telegraph Cove Rd east for 14 km. Bonanza Lake and the Claim Group are then reached by following main logging roads for 15 km. The Bonanza Claim Group is located in the Timberwest Tree Farm License Area No. 47. PREVOUS ASSESSMENT REPORTS Previous assessment reports by Howard Brown have described Physiography and Climate, Uses and Specifications of High Brightness, High-Purity Limestone, Regional Geology, Local Geology, Formation of the Limestone Deposit, and Deposit Description including prior geologic mapping, core drilling, and assays. 3

4 SUMMARY OF 2001 CORE DRLLNG Five (5) vertical BQ Core Holes (BC-BZ-01-1 to 5) were drilled in June 2001 on the Bonanza Claim Group as shown in Figure 2. The drilling totaled M ( 1367 ) and was concentrated in the northern portion of the Claim Group. All cores were drilled vertically near or within the hanging wall grey limestone in an effort to intercept white crystalline limestone layers associated with the Triassic Lower Quatsino Formation. Core BC-BZ was collared and completed in dark grey hanging wall limestone. Cores BC-BZ-01-3 and 4 drilled thru steeply dipping mafic dikes and bottomed in white crystalline limestone. Cores BC-BZ-01 and 5 drilled thru white crystalline limestone into the underlying footwall Karmutsen volcanics. Carbonate rock in the northern portion of the deposit is farther from the main batholith intrusive contact and is less metamorphosed and finer grained than rock in the southern end of the deposit. The area selected for drilling forms a large outcrop of medium to coarse grained white crystalline limestone with limited grey limestone hanging wall CORE DRLLNG ASSAY PROCEDURE The potential crystalline limestone ore layers from three (3) vertical 2001 BQ Cores (BZ , BC-BZ-0 1-4, and BC-BZ-0 1-5) were split lengthwise into seventy nine (79) x 3.05 M (10 ) intervals, crushed, and riffle split into 500 gm samples for analyses. Mafic dikes and sills were omitted as noted. The cores were also photographed before and after splitting. Samples were analyzed for acid insolubles, chemistry, and dry brightness at the Omya ndustries nc. Analytical Laboratory facilities in Proctor, Vermont to determine potential use for dry ground products. All remaining original core and crushed split core intervals are in Omya ndustries nc. Geology Department storage in Proctor, Vermont CORE DRLLNG ASSAY RESULTS SUMMARY Cumulatively ten (10) cores have been completed on the property and numerous surface samples have been collected. The 2001 core logs and earlier core logs and assay results have been included in previously submitted reports. This summary discusses the 2001 drilling results incorporating information compiled in previous reports. Figures 3 to 5 graphically summarize the Analytical Results (Acid nsolubles, Chemistry and Mesh Dry Brightness) and Lithology for the 2001 cores tested to date. Analytical results are reported in Tables 1 to 3. Analyses to date show the white to off white crystalline limestone associated with the Lower Quatsino Formation is uniformly high purity (>98% CaC03) with variable, but generally low acid insolubles (a.5 to 3.0%) and uniformly low MgC03 (10.7%). 4

5 Overall mesh green filter dry brightness for potential crystalline limestone ore layers typically range from and are visually described as white to off-white. Subsequently; original tested intervals from each core were composited to show their potential ore zone quality and thickness. (Note - all thickness figures reported are drilled thickness.) Core BC-BZ has four (4) composite zones ranging in drilled thickness from M (20-90 ) with composite dry brightness ranging 86.6 to 89.0 ( Mesh Green Filter) and tint. Note this high tint is related to iron oxidation along styolites and fractures as observed in the core. Core BC-BZ-01-4 has one (1) composite zone with a drilled thickness of 9.6 M (32 ) with a composite dry brightness of 86.5 ( Mesh Green Filter) and 6.3 tint. Core BC-BZ-01-5 has four (4) composite zones ranging in drilled thickness from M (18-90 ) with composite dry brightness ranging 89.3 to 91.1 ( Mesh Green Filter) and tint. ndividual tested intervals ( 3.05 M / 10 ) of dry brightness 185 ( Mesh Green Filter) were not considered as potential ore zones. There are also a couple of intervals visually described as white and white to off-white which tested below 85 ( Mesh Green Filter). Fine grinding to a 2 pm mean typically can raise the brightness by a couple of points making the potential ore suitable for fine ground products; however, in some cases (i.e. high sulfides) it can depress the brightness. This needs to be further evaluated in conjunction with flotation testing to lower acid insolubles (impurities) and increase the brightness. Limited flotation has been the only beneficiation method evaluated to date. RECOMMENDATONS The work detailed in this report was carried out to further evaluate the quality of potential ore and detailed stratigraphy on the property. Continued evaluation will consist of ongoing core drilling with analyses and geologic mapping as the access is improved by ongoing logging in the area. t will be important to determine the geologic controls (i.e. structure and straigraphy) on the thickness and distribution of the potential ore layers. n addition, further ore beneficiation studies will be conducted as part of future assessment. 5

6 REFERENCES Brown, Howard; Report on 2001 Geological Evaluation and Core Drilling Bonanza Claims Group, White Crystalline Limestone Deposit; Vancouver sland, British Columbia; Omya St. Armand Ltd. Submitted July 23,2001 Geological Survey Branch Assessment Report # 26,596 Brown, Howard; Continued Geologic nvestigation and Core Drilling Bonanza Claims Group; Vancouver sland, British Columbia; Pluess-Staufer (California) nc. Submitted October 4, Geological Survey Branch Assessment Report # 24,202 Brown, Howard; Assay Data Report of Drill Core Samples Bonanza Claims Group, White Calcite Marble Deposit; Vancouver sland, British Columbia. Submitted July 23, EXPENDTURE Activity Core Shipping Omya California nc. Storage (Lucerne Valley, California) to Omya ndustries nc. Geology Department (Proctor, Vermont) Unit Quantity Cost Subtotal $1, Sample Preparation and Analytical Laboratory Core Splitting Core Crushing with Pulverize and Sieve Analytical Chemistry, Acid nsolubles, and Dry Brightness Sub total Office Costs Core Layout and Coordination Assessment Report Preparation Sub t o t a1 Subtotal (all) + 15% Overhead Total 79 $30.00 $2, $ $8, $82.00 $6, $16, $ $ $ $1, $1, $20, $3, $23,

7 QUALFCATONS Omya ndustries nc. 61 Main St Proctor, Vermont Joel Blumenthal Senior Geologist, December, 1995-Present Assistant to Chief Geologist - Department of Geology, Quarries, and Land Management. Servicing companies and affiliates in the Omya group primarily regarding ground calcium carbonate deposits. Responsibilities include planning and implementation of deposit exploration and modeling; and quarry permitting, development, production and reclamation. Pluess-Staufer ndustries, nc. (now Omya ndustries, nc.) Geologist, April, December, 1995 Contract Geologist, September, April, 1990 Education B.S., Geology; University of Wisconsin - Madison, May,

8 FGURES

Map created Thu Nov 02 11 :29:14 PST 2006 y K 3 -- < - Scale: 1:49,999 DO NOT USE FOR

9 Map created Thu Nov :29:14 PST 2006 y K 3 -- < - Scale: 1:49,999 DO NOT USE FOR NAVlGAllON FGURE 1 1: BONANZA CLAM GROUP NDEX MAP - OMYA CANADA NC. VANCOUVER SLAND, BRTSH COLUMBA

11 - A=% ACD NSOLUBLE ZUNE MGCU3=% MGCU3 <ise. Dolonlte) YBRT= MESH GREEN FLTER DRY REFLECTANCE ELREPHU TNT = MESH 'YELLOWNESS' p = SKP NTERVAL NO SAMPLE BC-BZ-01-1 NAD 27 COLLAR COORDNATES FROM NTS ME MN EL-835M c a W %E W HG-DE ;. : $ :. :... w-ow E :, w - LG - w-ow MFC DK= w MFC DK= , ia a54 86.l 14, j:,..., flgy EXPLANATW WSTA NE MFSTU W = White OW = Off-white LG = Llght Grey MG=Medlun Grey DG=DarG Grey aee MFC DK = Mafic Dike FW VUL = Footwall Volcanlcs w-ow - FW VOL '117,6 M (386 FT) FGURE 3 DDH BC-BZ-01-1 ANALYSES AND LTHOLOGY 1:600 (1"=50')

12 - A=% ACD NSOLUBLE ZONE MGC03=% MGC03 (1.e. Dolonlte) YBRT= MESH GREEN FLTER DRY REFLECTANCE ELREPHO TNT = MESH 'YELLOWNESS' 8 = SKP NTERVAL NO SAMPLE NAD 27 COLLAR COORDNATES FROM NT ME MN EL-798 BC-BZ-01-4 c) LG DG W-lE DK - w-ow Sl DG 55,5 M (182 FT) - W = White OW = [ff-whlte LG = Light Grey MG=Mediun Grey DG=Dark Grey!xtm MFC DK = Mafic Dlke FW VOL = Footwall Volcanlcs FGURE 4 DDH BC-BZ-01-4 ANALYSES AND LTHOLOGY (1:600) 1"=50'

~~ t- f; t LG-MG - - 1.70 0.60 74.3 4.4 - w-ow.77 0.52 88.0.13 0.48 91.8 == - W - DG - 1.57 0.56 73.3 3.1 1.35 0.56 58.8 2.7 1.19 0.58 62.6 2-4 W K W MFC DK =.62 0.50 93.3 4.3.76 0.52 91.1 3.3.97 0.

13 ~~ t- f; t LG-MG w-ow == - W - DG W K W MFC DK = b.c, U. w-ow ow DG = OW-VLG MFC DK= OW-VLG BRC = FW VOL '138, b M (454 FT) L FGURE 5 DDH BC-BZ-01-5 ANALYSES AND LTHOLOGY (1:600) 1"=50

14 TABLE 1

LABORATORY REPORT Proctor Analytical Lab REPORT NUMBER 2006-0793 Not Applicable J. Blumenthal h-i PHONE NUMBER REQUESTED CAPABLE 7lY06 CUSTOMER 06-2347 BONANZA CLAMS CORE BC-BZ-01-1 nt. 50.0-60.

15 LABORATORY REPORT Proctor Analytical Lab REPORT NUMBER Not Applicable J. Blumenthal h-i PHONE NUMBER REQUESTED CAPABLE 7lY06 CUSTOMER BONANZA CLAMS CORE BC-BZ-01-1 nt BONANZA CLAMS CORE BC-BZ-01-1 nt BONANZA CLAMS CORE BC-BZ-01-1 nt BONANZA CLAMS CORE BC-BZ-01-1 nt ' BONANZA CLAMS CORE BC nt ' BONANZA CLAMS CORE BC-BZ-01-1 nt ' BONANZA CLAMS CORE BC-BZ-01-1 nt ' BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ-01-1 COPES TO DB. JB nt ' nt ' THROUGH SAMPLE DSPOSTON - R DATE REPORT PRNTED a 0 1-e Bonanza claims - Vancouver sland, British Colombia Ongoing claim assessment SAMPLE # TESTS UNTS CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE BC-BZ-01-1 BC-BZ-01-1 BC-BZ-01-1 BC BONANZA CLAMS CORE BC-BZ ~% Acid lnsols % ~% CaC03 (calc) by AA % % Fe as Fe203 by AA % % Mg as MgC03 by AA % Brightness-Rx 91.oo Brightness-Ry SAMPLE # TESTS CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE BC-BZ-01-1 BC-BZ-01-1 BC-BZ-01-1 BC-BZ-01-1 UNTS CLAMS CORE BC-BZ Number of attachments: 1 Page 1 of 1

16 Geoloey Department Report Report ## CHEMCAL ANALYSES BRGHTNESS LabNo. Sample Description %CaCO3 %MgC03 %Fe203 %nsols Fineness Rx Ry Rz Tappi ndex 1 Canada BONANZA CLAMS CORE BC-BZ nt oo nt nt nt nt ' nt ' nt ' nt ' nt ' nt ' Note: CaCO3 is a calculated value assuming that all calcium is in carbonate form. 8-Au~-06 Page of

LABORATORY REPORT Proctor Analytical Lab 2006-0794 Geology OMYA PUNT Not Applicable NAME J.

17 LABORATORY REPORT Proctor Analytical Lab Geology OMYA PUNT Not Applicable NAME J. Blumenthal PHONE NUMBER 155 REQUESTED 7/5/06 CUSTOMER CAPABLE BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ-01-1 r COPES TO DB. JB nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' CM'4 N MRFR 1 DATE COMPLETED SAMPLE DSPOSTON n m rnrr i 1 Brightness-Rx Brightness-Ry Brightness-Rz Brightness-TAPP 270 Brightness-Y Number of attachments: 1 Page 1 of 1

18 Q) Geology Department Report CHEMCAL ANALYSES Report # BRGHTNESS LabNo. Sample Description %CaCO3 %MgC03 %Fe203 %nsols Fineness Rx Ry Rz Tappi ndex Canada BONANZA CLAMS CORE BC-BZ nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' Note: CaC03 is a calculated value assuming that all calcium is in carbonate form. 8-Aug-06 Page of

LABORATORY REPORT Proctor Analytical Lab REPORT NUMBER 2006-0795 Geology OMYA PLANT Not Applicable NAME J. Blumenthal PHONE NUMBER CUSTOMER 06-2367 BONANZA CLAMS CORE BC-BZ-01-1 nt. 250.0-260.

19 LABORATORY REPORT Proctor Analytical Lab REPORT NUMBER Geology OMYA PLANT Not Applicable NAME J. Blumenthal PHONE NUMBER CUSTOMER BONANZA CLAMS CORE BC-BZ-01-1 nt ' BONANZA CLAMS CORE BC-BZ-01-1 nt ' BONANZA CLAMS CORE BC-BZ-01-1 nt ' BONANZA CLAMS CORE BC-BZ-01-1 nt / ' BONANZA CLAMS CORE BC-BZ-01-1 nt ' BONANZA CLAMS CORE BC-BZ-01-1 nt ' BONANZA CLAMS CORE BC-BZ-01-1 nt ' BONANZA CLAMS CORE BC-BZ-01-1 nt ' COPES TO DB. JB FROM THROUGH CMS NUMBER DATE COMPLETED 8/8/06 SAMPLE DSPOSTON Return to Submitter DATE REPORT PRNTED CANADA Bonanza claims - Vancouver sland, British Colombia Ongoing claim assessment SAMPLE # TESTS UNTS CLAMS CORE CWMS CORE CLAMS CORE CLAMS CORE CLAMS CORE BC-BZ-01-1 BC-BZ-01-1 BC-BZ-01-1 BC-BZ-01-1 BC-BZ % Acid lnsols % % CaC03 (calc) by AA % % Fe as Fe203 by AA % % Mg as MgC03 by AA % BrightWSs-Rx Brightness-Ry Brightness-Rz Brightness-TAPP PRODUCT SAMPLE # TESTS UNTS CLAMS CORE CWMS CORE CLAMS CORE CLAMS CORE BC-BZ-01-1 BC-BZ-01-1 BC-BZ-01-1 BC-BZ Brightness-Y Number of attachments: 1 Page 1 of 1

20 Geology Department Report Report # CHEMCAL ANALYSES BRGHTNESS LabNo. Sample Description %CaCO3 %MgC03 %Fe203 %nsols Fineness Rx Ry Rz Tappi ndex Canada BONANZA CLAMS CORE BC-BZ nt ' nt ' nt ' nt ' nt / ' nt ' nt ' nt ' nt ' Note: CaC03 is a calculated value assuming that all calcium is in carbonate form. 8-Aug-06 Page of

21 LABORATORY REPORT Proctor Analytical Lab U REPORT NUMBER Geology BONANZA CLAMS CORE BC-BZ-01-1 nt ' OMYA PANT BONANZA CLAMS CORE BC-BZ-01-1 nt ' Not Applicable PHONE NUMBER 155 CUSTOMER COPES TO DB, JB CM. N MRFR DATE COMPLETED 8/8/06 SAMPLE DSPOSTON DATE REPORT PRNTED Bonanza claims - Vancouver sland. British Colombia Ongoing claim assessment % Acid lnsols % CaC03 (calc) by AA % Fe as Fe203 by AA % Mg as MgCO3 by AA BrightneSs-Rx Brightness-Ry Brig htness-rz Brightness-TAPP 270 Brightness-Y % % % % BONANZA BONANZA BONANZA CLAMS CORE CWMS CORE CLAMS CORE BC-BZ-01-1 BC-BZ-01-1 BC-BZ Number of attachments: 1 Page 1 of 1

22 Geology Department Report Report ## CHEMCAL ANALYSES BRGHTNESS LabNo. Sample Description %CaCO3 %MgC03 %Fe203 %nsols Fineness Rx Ry Rz Tappi ndex Canada BONANZA CLAMS CORE BC-BZ nt ' nt ' nt O' Note: CaCO3 is a calculated value assuming that all calcium is in carbonate form. 8-Aug-06 Page 1 of

23 TABLE 2 i

24 LABORATORY REPORT Proctor Analytical Lab REPORT NUMBER DEPARTMENT GdWY BONANZA CLAMS CORE BC-BZ-01-4 nt' ' OMYAPLAM BONANZA CLAMS CORE BC-BZ-O-4 nt ' Not Applicable BONANZA CLAMS CORE BC-BZ-Ol-4 nt ' NAME BONANZA CLAMS CORE BC-BZ-01-4 nt ' J. Blumenthal PHONE NUMBER 155 REQUESTED CAPABLE 7/5/ BONANZA CLAMS CORE BC-BZ-01-4 nt' ' FROM COPES TO DB. JB THROUGH CM'4 N MRFR - - t DATE COMPLETED SAMPLE DSPOSTON DATE REPORT PRNTED nrninrr Bonanza Claims - Vancouver sland, British Columbia Ongoing claim assessment. SAMPLE # TESTS UNTS CLAMS CORE CWMS CORE CLAMS CORE CWMS CORE CLAMS CORE BC-BZ-Ol-4 BC-BZ-014 BC-BZ-014 BC-BZ-014 BC-BZ Brightness-TAPP 270 Brightness-Y Number of attachments: 1 Page 1 of 1

25 Geology Department Report Report # CHEMCAL ANALYSES BRGHTNESS - ~ ~ ~ ~ ~ - LabNo. Sample Description %CaCO3 %MgC03 %-Fe203 %nsols Fineness Rx Ry Rz Tappi ndex 1 Canada BONANZA CLAMS CORE BC-BZ nt' ' nt' ' nt ' nt ' nt ' Note: CaC03 is a calculated value assuming that all calcium is in carbonate form. 8-Aug-06 Page of

26 TABLE 3

27 LABORATORY REPORT Proctor Analytical Lab Geology Not Applicable J. Blumenthal PHONE NUMBER 155 CUSTOMER BONANZA CLAMS CORE BC-BZ-01-5 nt ' BONANZA CLAMS CORE BC-BZ-01-5 nt ' BONANZA CLAMS CORE BC-BZ-01-5 nt ' BONANZA CLAMS CORE BC-BZ-01-5 nt ' BONANZA CLAMS CORE BC-BZ-01-5 nt ' BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ-01-5 CANADA Bonanza claims - Vancouver sland, British Columbia Ongoing claim assessment. COPES TO DB. JB nt ' nt ' nt ' nt ' THROUGH CMq N MRFR DATE COMPLETED DATE REPORT PRNTED Q Q nq SAMPLE # TESTS UNTS CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE BC-BZ-01-5 BC-BZ-01-5 BC-BZ-01-5 BC-BZ-01-5 BC-BZ SAMPLE # TESTS UNTS CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE BC-BZ-01-5 BC-BZ-01-5 BC-BZ-01-5 BC-BZ-01-5 BC-BZ Acid lnsols YO CaC03 (calc) by AA 16 Fe as Fe203 by AA 16 Mg as MgC03 by AA 3riclhtness-Rx 3rightness-Ry 3rightness-Rz 3rightness-TAPP 270 3rightness-Y Number of attachments: 1 Page of 1

28 Geology Department Report Report ## CHEMCAL ANALYSES BRGHTNESS LabNo. Sample Description %CaCO3 %MgC03 %Fe203 %nsols Fineness Rx Ry Rz Tappi ndex Canada BONANZA CLAMS CORE BC-BZ nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' Note: CaCO3 is a calculated value assuming that all calcium is in carbonate form. 8-Aug-06 Page of 1

LABORATORY REPORT e Proctor Analytical Lab 2006-0902 OMYA PLAM Not Applicable TBlumenthal PHONE NUMBER 7/5/06 CUSTOMER - 06-2650 BONANZA CLAMS CORE BC-BZ-01-5 06-2651 BONANZA CLAMS CORE BC-BZ-01-5

29 LABORATORY REPORT e Proctor Analytical Lab OMYA PLAM Not Applicable TBlumenthal PHONE NUMBER 7/5/06 CUSTOMER BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ-01-5 COPES TO DB, JB ~~ nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' FROM THROUGH CW N MRFR DATE COMPLETED 8/8/06 SAMPLE DSPOSTON DATE REPORT PRNTED Bonanza claims - Vancouver sland, British Columbia Ongoing claim assessment. PRODUCT BONANZA BONANZA BONANZA BONANZA BONANZA SAMPLE # TESTS CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE BC-BZ-01-5 BC-BZ-01-5 BC-BZ-01-5 BC-BZ-01-5 BC-BZ-01-5 UNTS Brig htness-y SAMPLE # TESTS UNTS CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE BC-BZ-01-5 BC BC-BZ-01-5 BC-BZ-01-5 BC-BZ Number of attachments: 1 Page 1 of

30 Geology Department Report Report ## CHEMCAL ANALYSES BRGHTNESS LabNo. Sample Description % CaCO3 %MgC03 %Fe203 % nsols Fineness Rx Ry Rz Tappi ndex 1 Canada BONANZA CLAMS CORE BC-BZ nt ' O nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' Note: CaC03 is a calculated value assuming that all calcium is in carbonate form. 8-Aug-06 Page of

31 ~ LABORATORY REPORT Proctor Analytical Lab REPORT NUMBER Not Applicable J. Blumenthal PHONE NUMBER 7/5/06 CUSTOMER BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ-01-5 COPES TO DB. JB nt ' nt ' nt ' nt ' nt ; ' nt ' nt ' nt ' nt ' FROM THROUGH DATE COMPLETED 8/8/06 SAMPLE DSPOSTON DATE REPORT PRNTED Bonanza claims - Vancouver sland, British Columbia Ongoing claim assessment. SAMPLE # TESTS UNTS 1 CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE BC-BZ-01-5 BC-BZ-01 d BC-BZ-01-5 BC-BZ-01-5 BC-BZ SAMPLE # TESTS UNTS CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE BC-BZ-01-5 BC-BZ-01-5 BC-BZ-01-5 BC-BZ-01-5 BC-BZ Number of attachments: 1 Page 1 of 1

32 Geoloey Department ReDort Report # CHEMCAL ANALYSES BRGHTNESS LabNo. Sample Description %CaCO3 %MgC03 %Fe203 %nsols Fineness Rx Ry Rz Tappi ndex Canada BONANZA CLAMS CORE BC-BZ nt ' nt ' nt ' nt.25 0.O-260.0' nt ' nt ; ' nt ' nt ' nt ' nt ' Note: CaCO3 is a calculated value assuming that all calcium is in carbonate form. 8-Aug-06 Page of

LABORATORY REPORT Proctor Analytical Lab REPORT NUMBER 2006-0904 NAME J.

33 LABORATORY REPORT Proctor Analytical Lab REPORT NUMBER NAME J. Blumenthal "E 155 7/5/06 NUMBER REQUESTED CAPABLE BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ BONANZA CLAMS CORE BC-BZ-Old BONANZA CLAMS CORE BC-BZ-Old nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' nt ' THROUGH DATE COMPLETED CUSTOMER COPES TO --.- DATE REPORT PRNTED CANADA Bonanza claims - Vancouver sland, British Columbia Ongoing claim assessment. Number of attachments: 1 Page 1 of 2

34 LABORATORY REPORT e Proctor Analytical Lab REPORT NUMBER SAMPLE # TESTS UNTS CLAMS CORE BC-BZ CLAMS CORE CLAMS CORE CLAMS CORE CLAMS CORE BC-BZ-015 BC-BZ-01-5 BC-BZ-01-5 BC Number of attachments: 1 Page 2 of 2

35 Geology Department Report Report # CHEMCAL ANALYSES BRGHTNESS LabNo. Sample Description %CaCO3 %MgC03 %Fe203 %nsols Fineness Rx Ry Rz Tappi ndex Canada BONANZA CLAMS CORE BC-BZ nt ' nt O' nt ' nt ' oo nt ' nt ' nt ' nt ' nt ' Note: CaC03 is a calculated value assuming that all calcium is in carbonate form. 8-Aug-06 Page 1 of 1

36 LABORATORY REPORT Proctor Analytical Lab REPORT NUMBER Gedogy OMYAPLANT Not Applicable NAME J. Blumenthal PHONE NUMBER BONANZA CLAMS CORE BC-BZ-01-5 nt ' BONANZA CLAMS CORE BC-BZ-01-5 nt ' BONANZA CLAMS CORE BC-BZ-01-5 nt ' FROM THROUGH DATE COMPLETED 8/8/06 SAMPLE DSPOSTON CUSTOMER COPES TO DB, JB DATE REPORT PRNTED Bonanza claims - Vancouver sland, British Columbia Ongoing claim assessment. SAMPLE # TESTS UNTS CLAMS CORE CWMS CORE CLAMS CORE BC-BZ-01-5 BC-BZ-01-5 BC-BZ % Acid lnsols % % CaC03 (calc) by AA % % Fe as Fe203 by AA % % Mg as MgC03 by AA % Brightness-Rx BrightneSS-Ry Brightness-& BriahtneSS-TAPP 270 Brightness-Y Number of attachments: 1 Page 1 of 1

37 Geology Department Report Report # CHEMCAL ANALYSES BRGHTNESS LabNo. Sample Description %CaCO3 %MgC03 %Fe203 %nsols Fineness Rx Ry Rz Tappi ndex 1 Canada BONANZA CLAMS CORE BC-BZ nt ' nt ' nt ' Note: CaCO3 is a calculated value assuming that all calcium is in carbonate form. 8-A~g- 06 Page of

New Mineralized Zone Discovered at Dolly Varden Silver

New Mineralized Zone Discovered at Dolly Varden Silver August 02, 2018 Vancouver, BC: Dolly Varden Silver Corporation (TSX.V: DV OTCBB: DOLLF ) (the Company, or Dolly Varden ) is pleased to announce the