The Company follows the prospect generator model whereby it acquires projects on attractive terms, adds value through preliminary exploration efforts and then vends or options the project for further advancement.

Although the Company has taken steps to verify title to its unproven mineral right interests, these procedures do not guarantee the Company's title. Such properties may be subject to prior agreements or transfers and title may be affected by undetected defects.

The Company has properties in Nevada, USA (the “USA Properties”), in British Columbia and Yukon Territory of Canada (the “Canada Properties”) and in Peru (the “Peru Properties”). Following are summary tables of exploration and evaluation assets and brief summary descriptions of each of the exploration and evaluation assets:

	USA								Canada						Peru

	Horsethief		Bellview		BP		Others		Haldane		KRL		Others		Yanac		Total

Balance at September 30, 2018	$	223,045	$	95,291	$	248,975	$	23,038	$	471,424	$	21,545	$	1,197,974	$	419,219	$	2,700,511

Additions during the year
Acquisition costs:
Property acquisition		-		-		-		-		178,125		21,500		-		-		199,625
		-		-		-		-		178,125		21,500		-		-		199,625
Exploration expenditures:
Aircraft charter		-		-		-		-		34,319		18,093		-		-		52,412
Camp, travel and meals		37,230		24,749		23,130		-		129,498		15,595		37		-		230,239
Community relations		-		-		-		-		2,840		-		-		-		2,840
Drilling		-		-		-		-		315,801		-		-		-		315,801
Field equipment rental		9,652		7,931		3,515		-		20,381		2,145		513		-		44,137
Field supplies and maps		4,048		409		1,025		-		31,110		933		-		-		37,525
Geochemical		7,133		-		12,101		-		(804)		-		-		-		18,430
Geological consulting		141,211		20,196		72,553		-		268,826		46,880		474		-		550,140
Legal and accounting		790		552		1,781		187		54		-		-		-		3,364
Licence and permits		15,103		10,327		33,298		3,561		1,486		-		-		5,874		69,649
Management fees		27,706		10,866		6,931		-		-		-		-		-		45,503
Reporting, drafting, sampling, and analysis		-		39,729		-		-		20,231		13,156		-		-		73,116
		242,873		114,759		154,334		3,748		823,742		96,802		1,024		5,874		1,443,156

Less:
Yukon Mining Incentive Refund		-		-		-		-		(40,000)		-		-		-		(40,000)
Recovered exploration expenditures		(292,762)		(124,502)		(154,334)		(3,382)		-		-		-		-		(574,980)

Net additions		(49,889)		(9,743)		-		366		961,867		118,302		1,024		5,874		1,027,801

Foreign currency translation		-		-		-		-		-		-		-		(81)		(81)

Balance at September 30, 2019	$	173,156	$	85,548	$	248,975	$	23,404	$	1,433,291	$	139,847	$	1,198,998	$	425,012	$	3,728,231

	USA								Canada						Peru

	Horsethief		Bellview		BP		Others		Haldane		KRL		Others		Yanac		Others		Total

Balance at September 30, 2017	$	158,020	$	83,942	$	216,126	$	22,830	$	-	$	-	$	1,174,169	$	410,630	$	212,390	$	2,278,107

Additions during the year
Acquisition costs:
Property acquisition		-		-		-		-		242,000		19,000		-		-		-		261,000
		-		-		-		-		242,000		19,000		-		-		-		261,000
Exploration expenditures:
Aircraft charter		-		-		-		-		13,397		2,545		14,072		-		-		30,014
Camp, travel and meals		3,432		1,203		134		-		35,549		-		4,444		-		2,341		47,103
Community relations		-		-		-		-		2,928		-		-		-		-		2,928
Field equipment rental		514		-		-		-		21,038		-		-		-		-		21,552
Field supplies and maps		282		-		-		-		8,187		-		32		-		-		8,501
Geochemical		-		-		-		-		31,248		-		-		-		-		31,248
Geological consulting		11,063		-		-		-		112,659		-		5,257		-		15,652		144,631
Legal and accounting		763		533		1,720		181		4,418		-		-		-		4,206		11,821
Licence and permits		48,971		9,613		30,995		3,304		-		-		-		5,833		-		98,716
Office and administrative fees		-		-		-		-		-		-		-		207		5,708		5,915
Rent		-		-		-		-		-		-		-		-		2,436		2,436
		65,025		11,349		32,849		3,485		229,424		2,545		23,805		6,040		30,343		404,865

Less:
Recovered exploration expenditures		-		-		-		(3,277)		-		-		-		-		-		(3,277)
Write-down of properties		-		-		-		-		-		-		-		-		(263,937)		(263,937)

Net additions		65,025		11,349		32,849		208		471,424		21,545		23,805		6,040		(233,594)		398,651

Foreign currency translation		-		-		-		-		-		-		-		2,549		21,204		23,753

Balance at September 30, 2018	$	223,045	$	95,291	$	248,975	$	23,038	$	471,424	$	21,545	$	1,197,974	$	419,219	$	-	$	2,700,511

On January 27, 2015, the Company signed a binding agreement to acquire eight gold properties in Nevada, USA from Sandstorm Gold Ltd. (“Sandstorm”) by issuing 150,000 shares to Sandstorm and granting a net smelter returns royalty ranging from 0.5% to 1.0%. The Company also granted Sandstorm a right of first refusal on any future metal streaming agreements on these properties. In 2015 and 2016, the Company dropped four of the gold properties. The properties retained are:

The Horsethief property is located in Lincoln County, northeast of Pioche. A 2% NSR is payable to a previous owner of the property from production from some claims on the property while a 1% NSR is payable to Sandstorm on all the claims on the property.

In 2017, the Company acquired new ground by staking an additional 33 BLM Iode mining claims at the Horsethief property.

On March 1, 2019 (“Effective Date”), the Company entered into an option agreement with Hochschild Mining (US) Inc. (“Hochschild”) whereby Hochschild could earn up to a 70% undivided interest in the Horsethief property.

Under the terms of the agreement, Hochschild could earn an initial 60% interest in the project by US$5,000,000 in exploration on the property over a 5.5 year period, with a minimum expenditure as below:

Within 60 days of acceptance of the first option, Hochschild may elect to undertake a second option to earn an additional 10% (total 70%) in the property by funding a further US$5,000,000 in exploration over 3 years (minimum US$500,000 in exploration per year).

As of September 30, 2019, Hochschild had forwarded a total of $322,308 (US$243,380) for the Horsethief property. The Company held $29,546 (US$22,311) on behalf of Hochschild to be spent on the Horsethief property, which is recorded as restricted cash.

The Bellview property is located in White Pine County, near the Bald Mountain Gold Mine. A 2% NSR is payable to a previous owner of the property and a 1% NSR is payable to Sandstorm from production from all the claims on the property.

On February 7, 2019 (“Effective Date”), the Company entered into an option agreement with Hochschild whereby Hochschild could earn up to a 70% undivided interest in the Bellview property.

Under the terms of the agreement, Hochschild could earn an initial 60% interest in the project by US$3,500,000 in exploration on the property over a 5.5 year period, with a minimum expenditure as below:

Within 60 days of acceptance of the first option, Hochschild may elect to undertake a second option to earn an additional 10% (total 70%) in the property by funding a further US$3,500,000 in exploration over 3 years (minimum US$500,000 in exploration per year).

As of September 30, 2019, Hochschild had forwarded a total of $124,502 (US$94,014) for the Bellview property.

Subsequent to September 30, 2019, the Company was informed by Hochschild that Hochschild will not be going ahead with the earn-in on the BP project. Thus, the Company retains 100% interest in BP project.

On June 10, 2013, the Company purchased from Almaden Minerals Ltd. (“Almaden”) the BP property in Nevada, USA. A 2% NSR is payable to Almadex Minerals Limited (“Almadex”) on future production on the property after Almaden transferred the NSR right to Almadex.

In 2017, the Company acquired new ground by staking an additional 48 BLM Iode mining claims at the BP property.

On March 1, 2019 (“Effective Date”), the Company entered into an option agreement with Hochschild whereby Hochschild could earn up to a 70% undivided interest in the Horsethief property.

Under the terms of the agreement, Hochschild could earn an initial 60% interest in the project by US$2,500,000 in exploration on the property over a 4.5 year period, with a minimum expenditure as below:

Within 60 days of acceptance of the first option, Hochschild may elect to undertake a second option to earn an additional 10% (total 70%) in the property by funding a further US$2,500,000 in exploration over 3 years (minimum US$500,000 in exploration per year).

As of September 30, 2019, Hochschild had forwarded a total of $154,334 (US$116,540) for the BP property.

On August 2, 2017, the Company signed an exploration lease agreement to lease the Ashby gold property to Nevada Canyon Gold Corp. (“Nevada Canyon”). Under the terms of the agreement, Nevada Canyon made a US$1,000 payment on signing and an annual payment of US$2,000 and will grant a 2% Net Smelter Royalty (“NSR”) on future production from the Lazy 1-3 claims comprising the Ashby property. Nevada Canyon will also be responsible for all claim fees and certain reclamation work to be undertaken on the property. The initial term of the lease is 10 years and can be extended for an additional 20 years.

As of September 30, 2019, Nevada Canyon reimbursed the Company an amount of $720 (US$541).

The East Walker property is located in Lyon County, west of Hawthorne. A 2% NSR is payable to a previous owner of the property from production from some claims on the property.

As of September 30, 2019, the Company had spent $24,213 on advancing this property.

On March 2, 2018, the Haldane property was purchased from Equity Exploration Consultants Ltd. (“Equity”), and is located in Yukon Territory, Canada. Equity has a 2% NSR royalty on the Haldane property.

The Company purchased the Haldane property from Equity for the following consideration:

· issue 2 million shares to Equity upon receipt of TSX-Venture approval (shares issued);

· make two staged cash payments of $50,000 each to Equity by June 30, 2018 (paid) and June 30, 2019 (paid);

· make a final $100,000 cash payment or issue the number of shares of equivalent value at the Company’s election, on June 30, 2019 ($25,000 paid and shares of $75,000 issued); and

o issue 250,000 shares to Equity upon the public disclosure of a Measured Mineral Resource (as such term is defined in National Instrument 43-101- Standards of Disclosure for Mineral Projects) of 5 million oz silver-equivalent at 500g/t silver-equivalent;

o 500,000 shares to be issued upon the decision to commence construction of a mine or processing plant.

On April 12, 2018, the Company purchased the Nur, Clarkston and Fara claims which are contiguous to and grouped with the Haldane property from the estate of Yukon prospector John Peter Ross (the “Estate”) for the following consideration:

· issue 100,000 shares to the Estate upon receipt of TSX-Venture approval (shares issued);

· make cash payment of $20,000 (paid) and issue 125,000 shares (issued) to the Estate by April 12, 2019;

· make cash payment of $20,000 and issue 125,000 shares to the Estate by April 12, 2020;

· make cash payment of $25,000 and issue 150,000 shares to the Estate by April 12, 2021; and

o issue 250,000 shares to the Estate upon the public disclosure of a Measured Mineral Resource (as such term is defined in National Instrument 43-101- Standards of Disclosure for Mineral Projects) of 5 million oz silver-equivalent at 500g/t silver-equivalent;

o 500,000 shares to be issued upon the decision to commence construction of a mine or processing plant.

As of September 30, 2019, the Company had spent $1,433,291 on advancing this property.

On September 1, 2018, the Company optioned the KRL property from prospector Bernie Kreft (“Kreft”), and is located in British Columbia’s prolific Golden Triangle, Canada. Kreft has a 1% NSR royalty on the KRL property.

The Company optioned the KRL property from Kreft for the following consideration:

· make cash payments of $10,000 (paid) and issue 100,000 shares to Kreft upon receipt of TSX-Venture approval (issued);

· make cash payments of $5,000 by October 31, 2019 (subsequently paid) and a further $20,000 by January 1, 2020 and issue 100,000 shares (issued) to Kreft by September 30, 2019;

· make cash payments of $50,000 and issue 200,000 shares to Kreft by September 30,2020;

· make cash payments of $50,000 and issue 200,000 shares to Kreft by September 30,2021;

· make cash payments of $100,000 and issue 200,000 shares to Kreft by September 30,2022;

o issue additional shares upon the disclosure of an NI43-101 inferred resource estimate equal to 1 share per ounce of inferred resource, to a maximum of 350,000 shares;

As of September 30, 2019, the Company had spent $139,847 on advancing this property.

In 2010, the Company acquired the White River property through staking. The White River property is located in the Yukon, northwest of Whitehorse.

On July 23, 2007, the Company purchased from Almaden certain properties in the Yukon and Almaden assigned the 2% NSR royalty on future production from these mineral claims to Almadex:

· MOR – located 35 kilometers east of Teslin, Yukon and is 1.5 kilometers north of the paved Alaska Highway.

· Tim – located 72 kilometers west of Watson Lake, Yukon and 12 kilometers northeast of the Silvertip/Midway deposit.

On June 10, 2008, the Company signed another agreement with Almaden to acquire a 100% interest in the Prospector Mountain gold-silver-copper property, located in central Yukon. Almaden assigned the 2% NSR over any minerals produced from the property to Almadex. Half of the NSR may be purchased by the Company at any time after the production commences for fair value as determined by an independent valuator. The Company will also issue to Almadex 50,000 fully paid common shares upon receipt of a positive bankable feasibility study for the property.

As of September 30, 2019, the Company had spent $1,198,998 on advancing these properties.

On April 29, 2015, the Company acquired the Yanac, Isy and La Estrella properties in Peru.

· Yanac – located in Chincha region of the Department of Ica, south-central Peru.

· La Estrella – located 130 kilometers south of Huancayo in the Department of Huancavelica, Peru (dropped in June 2018).

On February 27, 2013, Cliffs Natural Resources Exploration Inc., a wholly-owned subsidiary of Cliffs Natural Resources Inc. (“Cliffs”) and the Company’s wholly-owned subsidiary entered into a Limited Liability Company Membership Agreement (“agreement”) in respect of the Yanac property. In December 2015, Cliffs’ interest in Yanac was acquired by 50 King Capital Exploration Inc. (“50 King”), a private company, which took over all previous obligations of Cliffs.

On July 6, 2016, 50 King terminated the agreement, retaining only a 0.5% net smelter royalty (“NSR”) on the Yanac property based on prior expenditures and transferred the ownership of the property back to the Company.

As of September 30, 2019, the Company had spent $425,012 on advancing this property.

The Company holds a 1% Net Smelter Royalty on certain Mexican properties which is capped at $1,000,000.