RIVER V A LLEY PR O J E C T Sudbury R e gion On t a rio wwwpfncapitalcom Invest or Re la on s Toll Fr ee 1 800 667 1870 Dir 604 6851870 650 555 West 12th Av e City Squar e West Tower Van c o u ver BC V5Z 3X 7 The River Valley PGM Project is located near the city of Sudbury Ontario Home of o n e o f the top 4 nickel copper PGM mining and pr ocessing facili es globally Skilled workfor c e and established mini ng cul t ure Excellent road access to River Valley property rail and pow e r nearby Safe stable m i ning friendly jurisdic on 3 0M i n vested in explora o n PFNs adj a ce n t regional prop er es un der explored Upcoming Miles t on es Carry out proposed drill program targeted to add hi gh grade adjacent to current River Valley resources Conduct Phase 2 Metallurgi c al Study for gr ade variability tes ng and imp r oved recoveri es of ni ckel a n d PGM Find Strate gic Op on JV Partner to fund longer term explora on a nd dev e lopment o f Ri ver Valley PG M Projec t a nd explora on Riv e r V a lley Me t a llur gical Study Re s u l t s Locke d Cycle Tes t Primary gr ind of P 80 71 m and regrind P 80 19 m Concentrate Gr a d e s 16 C u 2 Ni 189 gt PGM similar to saleable conc pro d u c ed by Lac des Iles P G M Mine from 20 01 20 0 5 Metal Rec o ver i es 8 4 Cu 22 Ni 69 PGM Smelter Payable Metals Pd Pt Au Cu Ni probable Rh likely Co and Ag possible no deleterious met a ls Concl usi on A sulphide co nce n trator could p o ten ally process River Valley feed to pr oduce a saleable concentrate Addi o n al studies pro p os ed Measured Indicated Me a s I nd Inferred