MOUNTAIN BOY MINERALS

PROPERTY LOCATION & ACQUISITION DATE

The Telegraph Project is located 34 km southwest of the town of Telegraph Creek and was acquired in 2021.

Contacts

GENERAL INQUIRIES, CONTRACTING, EMPLOYMENT & ENVIRONMENT

Lucia Theny Vice President, Exploration 778 789 4410 lithos.lucia@gmail.com

Leadership

Lawrence Roulston President and CEO 604 618 4756 lroulston@telus.net

The Southmore Project, located 40 km northwest of Skeena Resources Eskay Project, 7 km south of the Galore Creek access road, and 30 km west of Highway 37. It was acquired in 2019.

Project Activities In The 2022 Season

Telegraph: The 2022 field season at Telegraph started in June. A small crew mobilized to brush out lines in preparation for a ground geophysical survey (Induced Polarization – IP). The IP survey was the main objective for the beginning of the season. Mapping, rock and soil sampling occurred concurrently. The crew was based out of Glenora and Telegraph Creek and flew in and out of the project area daily.

Southmore: Work at Southmore included follow up groundwork of significant magnetic anomaly identified in a 2021 airborne survey that resulted in the discovery of massive magnetite and base metal skarn.

The 2022 field season at Southmore consisted of a crew of five members.

The crew was based out of a camp at the Bob Quinn airstrip and flew in and out daily.

Proof of concept, magnetic anomaly is produced by a magnetite skarn (+/- copper and gold). The soil grid was designed and sampled to test the skarn target.

COMPANY OVERVIEW & UPDATE

Any successes or challenges you’d like to share?

Both Telegraph and Southmore were technical successes, each project yielded favourable results.

Number of employees working on your project(s)?

At Telegraph our crew has been as small as four and as large as 20 (with a six person IP crew). The biggest crew to date at Southmore has been a five-person crew.

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 financing is derived from Canadian and American investors by way of private placements.

34% of the company is held by insiders, the balance of the shares is widely held. Our market cap is $9 million.

Tentative plans and hopes for the 2023 season?

Mountain Boy would like to complete a meaningful drill program at the Telegraph Project in 2023. Ideally, the company would like to joint venture Southmore. Mountain Boy has identified several targets that warrant follow up.

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?

Mountain Boy was in contact with the Lands Department, the Employment & Business Director, Ann Ball, and the Communications & External Relations Director, Ombrielle Neria.

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?

There were four Tahltan members at Telegraph in 2022. They were all field assistants. 21 percent of the crew was Tahltan. The total Tahltan employment hours were 1,155 compared to 3,430 hours.

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

Drill companies, communications, camp management, first aid, pad building, camp maintenance and infrastructure, helicopter services, field assistants, cooks, forestry, refuse removal, expediting, core cutters and technicians.

Why should Tahltan members want to work for you?

Mountain Boy Minerals offers the opportunity to work close to home. Telegraph and Southmore are both exciting up and coming projects. The company values mentoring and providing training. We provide a safe and dynamic work environment and Mountain Boy is loyal to valued employees.

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. Klee Choo Aviation - 39.8%, Northern Labour Services - 8.5%, Riversong Inn - 0.6%, Stikine Valley - 0.5%, Tahltan Centre - 0.8%, Kluachon Centre - 0.1%, and Super A (Dease Lake) - 0.5%.

Total 50.9% of $931,300 exploration expenditures.

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?

Lithos Geological - Geological consultants, project manager. Located in Whistler, BC. Andrew Wilkins is the primary contact (lithos.andrew@gmail.com).

Coast Mountain Geological - Bell 2 camp. Located at 625 Howe St #488, Vancouver, BC V6C 2T6. The primary contact is Geoff Schellenberg (geoff@coastmountaingeo.com).

SJ Geophysics - Geophysics service company. Located at 11966 95a Ave, Delta, BC V4C 3W2. The primary contact is Joyce Visser (gjv@sjgeophysics.com).

This company is often looking for field assistants: Stikine River Expediting Accommodation

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

Mountain Boy Minerals is a junior mining company that is committed to working on meaningful projects in a diverse and respectful manner. The company is open to learning and creativity. Mountain Boy is grateful for the opportunity to work within Tahltan Territory.