T S X RM X O T CQ X RBY CF R u b ic on R ed Lak e Pr op er t ies H igh ly p r o s p ec t iv e t a r get s a dj a c en t t o E v o lu t io n M in in g 17 S ev er a l h ig h ly p r o s p ec t iv e gr as s r o o ts e xp l o r ati o n tar ge ts P o t en t ia l ex p lo r a t io n wo r k will c o m m en c e if t h e P h o en ix G o ld P r o j e c t s adv an c e m e n t i s o n th e r i gh t p ath T ar ge ts w e r e e v al u at e d an d p r io r it iz ed b y a n ex p lo r a t io n c o n s u l tan t w i th 20 y e ar s o f ex p er ien c e in R ed L a k e 3 S i d ace A dj ac ent t o M D Z U D Z depos i t s 1 M cC u ai g 12 2 E ast B ay Hi g h gr ade G A Z Z one depos i t di ps i nt o pr oper t y 4 S l at e B ay I nt r i gui ng c opper por phy r y s t yl e m i ner al i z at i on R ed L ake G o l d M i n es C o c h e n o u r E v o l u t i o n H is t o r ic a l d r illin g MC 07 01A W 15 65 g t A u ov er 1 55 m MC 02 32 22 83 g t A u 3 10 m i nc l 75 91 g t A u 0 70 m MC 02 27 25 48 g t A u 1 1 m 18 08 g t Au 0 45 m G A Z Z one depos i t E v ol ut i on 2005 I n f er r ed 1 4M t 360K o z g r a d i n g 8 0 g t A u M D Z and U D Z D epos i t E v ol ut i on T om aG ol d 20 09 I n d i cat ed 1 4M t 141K o z 3 21 g t A u I n f er r ed 2 1M t 219K o z 3 24 g t A u 10km r ad i u s f r o m t h e P h o e n i x G o l d P r o j e c t R ow an M i ne W e s t R ed Lak e E v ol ut i on 2016 I n f er r ed 4 4M t 1 09o z g r ad i n g 7 57 g t A u H G Y oung E v ol ut i on 2018 M I 200K o z I n f er r ed 300ko z 1 2 R e fe r t o e nd no t e 1 2 fo r fur t he r d e t a ils