ENDURO METALS

PROPERTY LOCATION & ACQUISITION DATE

The Newmont Lake project is a 688 km2 land package located in the heart of the Golden Triangle in northwestern, BC.

Project Activities In The 2022 Season

Enduro Metals completed a 2022 exploration program that consisted of diamond drilling, geological mapping, geological rock sampling and reclamation.

Enduro Metals Corp. Calgary, AB endurometals.com

Contacts

GENERAL INQUIRIES, LEADERSHIP, CONTRACTING, EMPLOYMENT & ENVIRONMENT

Dylan Hunko Chief Operating Officer

250 864 4101 dylan.hunko @hegexplore.ca

COMPANY OVERVIEW & UPDATE

Any successes or challenges you’d like to share?

The largest challenge of 2022 that Enduro Metals faced was staffing our exploration team. As a junior explorer working in a very seasonal environment, it is extremely difficult to find skilled and experienced workers.

Number of employees working on your project(s)?

Enduro Metals employs approximately 20 to 30 workers each summer for exploration activities.

Where does the majority of your financing come from year to year? What’s the breakdown of who owns your company and what’s your company’s market cap?

Public financing is the primary way Enduro Metals funds mineral exploration. It is a publicly traded company with many different shareholders. Our market cap is roughly $30 million.

A total of 10,888 m of diamond drilling was completed, primarily on the flagship target of Burgundy Ridge.

Geological mapping and rock sampling was used to advance other Greenfields targets on the property for potential future drilling.

The 2022 reclamation effort focused on a historic exploration camp which was left on the property in the early 2000s. Approximately 50% of reclamation of the historic camp has been completed with the remainder to be completed in 2023.

Tentative plans and hopes for the 2023 season?

Enduro Metals is looking to complete another drilling campaign in 2023 at the Newmont Lake Project.

Burgundy Ridge will be the primary focus of drilling for 2023 in conjunction with geological mapping and geophysics to support satellite targets for potential future drill testing.

RELATIONSHIP WITH THE TCG & TAHLTAN NATION

During the 2022 season, what involvement did TCG personnel and departments have with your company? If they were not involved, why not?

Enduro Metals works very closely with the Tahltan Central Government (TCG) in order to establish collective transparency in regard to mineral exploration in Tahltan Territory. Enduro Metals works closely with the TCG’s Communications & External Relations Director, Ombrielle Neria, to implement crucial agreements to allow for this transparency.

In 2022, how many Tahltans did you employ? What positions did they hold in your company and what percentage of Tahltans did you employ compared to others?

In 2022, through contractors, Enduro Metals employed a total of nine Tahltans for the Newmont Lake project. This made up approximately 26% of the total workforce on site.

Positions ranged from diamond drillers, driller helpers, core processing, and pad builders.

What employment opportunities, now and in the future, are available to Tahltan members?

Enduro Metals has opportunities for diamond drilling crews, pad building crews, core processing, and general labour for the 2023 exploration season.

Why should Tahltan members want to work for you?

Enduro Metals has a very dynamic and innovative team that is the backbone of success for the company. We have a core belief that the foundation of success is built upon the boots on the ground workforce. Training and work experience needs to be provided to all workers in order to see success for everyone involved. Enduro Metals believes in a hands-on training approach that can see Tahltan workers excel in specific areas relating to mineral exploration.

Did you have any Tahltan contractors working for your company? What percentage of your contracting dollars went to Tahltan companies, including TNDC and their joint ventures?

Yes. 2022 Tahltan contractors included HELM Diamond Drilling, Obsidian Camps, Northern Labour Services, NW Fuels, Wild Timber Industries and Longview Pad Building Services.

A total of 40% of all exploration expenditures was spent with Tahltan companies or partnered companies.

Do you have any outside contractors working for you? If so, who are they? Who were the primary contractors you utilized? Do they offer employment opportunities to Tahltan members?

The two primary contractors Enduro Metals used outside of Tahltan related companies are HEG & Associates Exploration Services and Interior Helicopters.

HEG & Associates is a geological services company that provides innovative geological solutions for mineral exploration across Canada. HEG & Associates encourages Tahltans to enter the scientific field of geology and explore a career in mineral exploration. HEG & Associates worked with the TCG in 2022 to host a geological training seminar in Iskut and hopes to continue this effort in years to come.

Top: Arseno Drilling.

Bottom: Enduro 2022 field season.