CBay Feb 2015

15 / 27

15
CBay Production Potential: Perch River
 Option agreement to acquire 100% signed February, 2013
 Initial payment of $30,000, balance of $170,000 by February, 2017
 Advanced-stage copper project
 Exploration ramp sampled 12,150T in 1973
 Property report projected ~1,000,000T grading >1% Cu*
 Shallow (50m – 100m depth), flat-lying deposit
 Mineralization similar to Icon-Sullivan mine, located 15km SW, which
produced 2,100,000T grading 1.96% Cu
 Exploration pending, potential to provide additional near-term feed to
Copper Rand mill
 Excellent access and infrastructure – located 75km north of Copper
Rand Mill, just off highway
*AJR Geoconsulting Property Report (non-43-101-compliant) March, 2007