In line with the company’s objective to define a gold resource exceeding 3 million ounces and secure a large-scale production mining permit, we have systematically addressed all key criteria on the checklist, ensuring that no fatal flaws remain:

1. GEOLOGY POTENTIAL:

Gold Springs demonstrates strong growth potential, with 6 resources wide open to expansion and 27 additional high-potential targets identified across just 40% of the property. With current resources averaging only 150 meters in depth, significant upside remains both at depth and along strike.

2. ECONOMIC POTENTIAL:

The resources predominantly outcrop at surface and are amenable to open-pit mining and a technically straightforward The mineralization consists largely of oxide ore, supporting efficient gold recovery. Low stripping ratios contribute to reduced mining costs, while the simplicity of heap leach processing further lowers operating costs, resulting in favorable project economics and low All-In Sustaining Costs (AISC).”

3. ENVIRONMENT:

We completed an EA (Environmental Assessments) on both the Nevada and Utah portions of our project, finding no sensitive species and no critical habitat. Moving forward, baseline studies will be completed and monitoring wells installed to advance the large-scale mining permit.

4. CULTURAL:

We have completed cultural surveys on 90% of the 33 targets to prepare them for our drilling program. Significant sites within the mining footprint are being mitigated without issues. This work will continue to avoid any potential delays in moving the operations forward.

5. INFRASTRUCTURE:

All required infrastructure is in place. Secured water rights of 600 gallons per minute, confirmed by a drilled well, provide sufficient supply to support large-scale gold production. The property benefits from excellent access via existing county and state roads. A rail line located approximately 10 miles from site provides efficient logistics, while power can be extended along existing rail and county easements, potentially eliminating the need for a full Environmental Impact Statement (EIS). Initial discussions with the local power cooperative indicate competitive electricity rates and low connection costs.

6. PERMITTING:

Ownership of private land at the property entrance simplifies permitting and reduces risk. A phased strategy minimizes federal exposure and accelerates initial production, with a two-year Phase 1 pilot-plan production under the Utah Small Mine framework (no NEPA), targeting potential cash flow by 2027. In parallel, federal permitting for Phase 2 large-scale production will advance, while additional permitted mining pits preserve flexibility and production continuity.