KUTCHO COPPER

PROPERTY LOCATION & ACQUISITION DATE

Project Activities In The 2022 Season

Kutcho Copper Corp. Vancouver, BC kutcho.ca

Kutcho is located approximately 120 km east of Dease Lake in the Liard mining division of Northern BC. The property was acquired by Desert Star Holdings Corp. in 2017, which changed its name to Kutcho Copper Corp. in 2018.

In 2022 Kutcho undertook the following main activities at the site:

• Wildlife baseline surveys;

• Hydrology, water quality, and hydrogeology surveys;

• Extraction of core from existing core boxes for analysis at a laboratory;

• Acquisition of new LiDAR and aerial imagery; and

• Site clean-up.

Tentative plans and hopes for the 2023 season?

Plans for the 2023 season include completion of the following:

• Baseline studies;

• Site visits for Tahltan, Kaska and regulators as part of the Environmental Assessment (EA) process; and

• Completion of geotechnical drilling to confirm design parameters.

RELATIONSHIP WITH THE TCG & TAHLTAN NATION

Above: Wildlife at Kutcho. COMPANY OVERVIEW & UPDATE

Any successes or challenges you’d like to share?

CONTACTS

GENERAL INQUIRIES, CONTRACTING & ENVIRONMENT

Mark Vendrig Manager of Environment and Permitting

604 657 2727 mvendrig@kutcho.ca

LEADERSHIP

Vince Sorace President, CEO and Director 604 628 5623 vsorace@kutcho.ca

After discussion with the Tahltan Central Government (TCG) we were able to integrate our ungulate surveys with Tahltan surveys allowing a larger area to be covered, which is beneficial for both parties.

Number of employees working on your project(s)?

Five.

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?

The majority of our financing comes from international investment. Kutcho is 100% self-owned and our market cap is $23.041 million.

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

We had extensive discussions and several presentations to mainly the TCG Lands Department as follows:

• Discussions on use of Tahltan knowledge and socio-economic data;

• Presentation of Kutcho EA documentation for Tahltan review and contributions before submission to the BC Environmental Assessment Office (BC EAO);

• Submission of several wildlife and archaeology permit applications for Tahltan review;

• Monthly environment meetings with the TCG Lands Director and Wildlife Department representatives as appropriate and available;

• Monthly initial Impact Benefit Agreements (IBA) drafting and discussions; and

• Ongoing discussions and drafting of the Technical Agreement in support of the IBA.

In addition, Kutcho hosted Tahltan Youth at a dinner at the 2022 Round Up. Kutcho had either Kaska or TCG Guardians accompany and contribute to all wildlife field surveying.

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

In the initial planning and discussion around the IBA and Technical Agreement, several positions have been identified. These are updated annually or as needed on shorter time frames.

Why should Tahltan members want to work for you?

Copper is now a critical mineral, and Kutcho has the ambition to develop the mine. Kutcho is a small dynamic company with opportunities for well-qualified people who want to grow their portfolio of successful project delivery. A small company means broad exposure and involvement, ideal for growing a career and experience.

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. 75% of Kutcho’s contracting dollars went to Tahltan 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?

Yes, primarily specialized engineering companies. We ask that where possible, Tahltan and Kaska members, or other First Nations individuals are used. All companies are Vancouver based.

• ALS Laboratories

• SGS Laboratories

• Piteau Associates Engineering

• Onsite engineering

• Jade West

• Lorax Environmental

• Two Worlds Consulting (Indigenous business –employs Tahltan members)

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

Kutcho recognizes both the Tahltan and Kaska First Nations as having an interest in the Kutcho Project and shares opportunities and information about the project equally with both.

Above: Kutcho Project location map.

Below: Kutcho Copper camp.