ETRUSCUS RESOURCES

PROPERTY LOCATION & ACQUISITION DATE

Project Activities In The 2022 Season

Etruscus Resources Corp. Vancouver, BC etruscusresources.com

Sugar Property (acquired in 2020) and Rock and Roll Property (acquired in 2019) are located in the southwest edge of Tahltan Territory near the Iskut Valley.

During the 2022 exploration season, a total of twentyseven field days were spent on the Rock and Roll Property. This work revolved primarily around a 14.25line km IP survey across the two main targets that are emerging on the property. Subsequent to this survey, there was also continued surface exploration in the form of rock and soil sampling as well as geological mapping that took place. A total of 70 rocks and 128 soil samples were collected by contracted geologists. Two primary targets, the Heather target, and the Discovery target have emerged as the most prospective areas for future drilling if all goes as planned. Results from the IP survey at the Discovery zone have highlighted a 600-meter chargeability anomaly that resides directly below surfaced alteration and demonstrates a number of characteristics of a porphyry target.

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?

Etruscus Resources is a publicly traded company with no revenue stream and therefore raises money through private placements. When raising money, the investor base is primarily from Canada and the United States although European investors have also provided funds.

Contacts

General Inquiries

Carl Ryan

Project Geologist

604 336 9088 carl@etruscusresources.com

LEADERSHIP

Fiore Aliperti

President and CEO

604 336 9088 fiore@etruscusresources.com

COMPANY OVERVIEW & UPDATE

Any successes or challenges you’d like to share?

It was a very busy year in the Golden Triangle. In 2022, high snow loads delayed the program until later in the season, but the team was able to complete the work that had been planned and actually expand on the IP survey. Initial mapping results were encouraging and a total of 4.5-line km of IP were added.

Number of employees working on your project(s)?

Etruscus Resources has a total of four full time contracted staff although numbers grow during the exploration season to upwards of 15 people when including various contractors for geophysical, geological and drilling personnel.

Since Etruscus is a relatively new company, the majority is owned by people close to the company such as insiders and management. A number of investment funds have also participated in recent financings. Our market cap is $6 million.

Tentative plans and hopes for the 2023 season?

In the 2023 season, Etruscus will look to focus on the two emerging targets at the Heather and the Discovery as well as prospect a number of other promising leads. The team will look to further expand the IP surveys completed at both the Heather and the Discovery zones and hopefully complete a first pass drill program to test both of these targets. This would involve approximately 2,000 m of drilling with a main focus on the emerging Zappa IP anomaly at the Discovery zone.

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?

Etruscus Resources has been involved with Tahltan Central Government (TCG) personnel for the past three years including work with the Lands Department regarding permitting as well as communication with Employment & Business Director, Ann Ball, regarding contract opportunities. In 2022, however, communication was somewhat limited due to a small program focused on early-stage exploration. Nonetheless, a site visit was made by Ann Ball, Sean Ducharme (Shared Engagement Records Coordinator), and Connor Pritty (Lands Director) and discussions were had about setting up pre-exploration meetings for 2023. Etruscus also makes an effort to communicate with the TCG on an annual basis at the Association for Mineral Exploration (AME) Roundup convention in Vancouver.

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?

Etruscus does not actually have employees, but rather works with various contractors, a number of which are Tahltan affiliates. During the 2022 season, Wallace Thompson and MDS Enterprises provided Tahltan workers to work directly on site. MDS Enterprises was utilized for aiding in the IP geophysical survey and included five Tahltan employees that totalled 61 working days on the property. Wallace Thompson was also utilized in helping with labour and logistics at the core shack laydown area.

Of the total man days spent on property, 65 of the 184 total were Tahltan. This adds up to 35% of the man days worked on site being Tahltan hires.

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

As the company grows, we will look to expand our work force. Opportunities for camp labour, geotechnical workers, as well as field assistants, will grow. Major contracts including camp accommodation, helicopters, and drilling will likely be with Tahltan-affiliated companies and this provides another opportunity for Tahltan members to engage with our company.

Why should Tahltan members want to work for you?

Etruscus Resources is a new and progressive company that is starting to establish itself in the Golden Triangle. We hope to expand our workforce and, therefore, provide more opportunities to share our exploration and geological knowledge with Tahltan members that would like to learn more about the mountains that make up the territory. Working directly in the field will also provide the opportunity to work in remote locations in low impact work environments that let people experience beautiful natural landscapes. All this while cultivating the excitement around exploration that includes searching for metals such as copper, gold, and silver.

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. Four of the seven contractors were Tahltan affiliates during the 2022 exploration program. Approximately 34% of the total dollars spend on the property was through Tahltan business.

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 major outside contractors that worked with us this year included Aberdeen Helicopters, based out of Prince George, as well as Scott Geophysics, based out of Vancouver. Scott Geophysics was, however, great at integrating work with MDS Enterprises this year to provide opportunities for a number of local Tahltans to learn about geophysical surveys and work on the property. Aberdeen Helicopters is a relatively new company that may look to build a future partnership as their work in Tahltan Territory grows.

Anything else you would like to share with the Tahltan Nation?

As a company we would like to bring success to both Etruscus Resources as well as the Tahltan Nation through mineral exploration. We hope to build strong relationships with the TCG and provide steady communication about what we are doing and how we can incorporate local help.