Elizabeth Gold - More High-Grade Gold in Blue Vein Assays

UTM

UTM

Target

Easting (NAD83

Northing (NAD83

Elevation (m)

Length (m)

Azimuth

Dip

Z10)

Z10)

SW Vein

531203

5653771

2400

105

121

-52

SW Vein

531203

5653771

2400

132

146

-55

SW Vein

531203

5653771

2400

111

158

-47

SW Vein

531203

5653771

2400

135

168

-58

SW Vein

531078

5653776

2400

561

123

-48

SW Vein

531078

5653776

2400

255

110

-55

SW Vein

531203

5653771

2400

126

115

-75

SW Vein

531203

5653771

2400

186

115

-75

SW Vein

531195

5653839

2427

231

115

-68

SW Vein

531200

5654020

2330

360

120

-48

SW Vein

530953

5653772

2390

354

127

-50

SW Vein

530953

5653772

2390

381

136

-50

SW Vein

530953

5653772

2390

375

125

-45

SW Vein

530919

5653596

2300

261

94

-45

SW Vein

530919

5653596

2300

261

108

-55

SW Vein

530919

5653596

2300

330

100

-55

SW Vein

530919

5653596

2300

330

83

-48.5

SW Vein

530919

5653596

2300

414

98

-63

SW Vein

530919

5653596

2300

351

128.5

-63

SW Vein

530953

5653772

2390

417

129

-58

SW Vein

530849

5653432

2260

300

129

-45

East Veins

531695

5653463

2120

357

90

-45

SW Vein

531195

5653839

2427

188

75

-45

SW Vein

531695

5653463

2120

165

91

-45

Blue Vein

530953

5653772

2390

219

84

-54

Blue Vein

530953

5653772

2390

201

105

-58

Blue Vein

530953

5653772

2390

198

95

-45

Blue Vein

530953

5653772

2390

195

150

-60

No.9 Vein

530953

5653772

2390

321

300

-55

Hole ID

From (m)

To (m)

Interval (m)

True Thickness (m)

Gold Grade

MET Screen Grade

Vein

EZ-21-01

94.00

96.60

2.60

2.21

4.60

5.12

SW Vein

and

83.50

84.00

0.50

0.43

20.50

pending

SW Vein

EZ-21-02

102.40

109.00

6.60

5.61

8.40

pending

SW Vein

including

105.40

106.50

1.10

0.93

46.30

pending

SW Vein

EZ-21-03

88.60

95.00

6.40

5.44

7.22

pending

SW Vein

including

89.30

91.90

2.60

2.21

11.80

pending

SW Vein

and

90.00

91.30

1.30

1.11

19.80

pending

SW Vein

and

34.70

35.20

0.50

0.43

3.15

pending

SW Vein

EZ-21-04

122.00

126.00

4.00

3.40

31.20

34.40

SW Vein

including

123.00

124.50

1.50

1.28

52.10

68.30

SW Vein

including

124.00

124.50

0.50

0.43

72.00

87.30

SW Vein

EZ-21-05

134.00

135.00

1.00

0.85

1.38

Not Preformed

7 Vein

217.55

218.25

0.70

0.59

1.74

1.67

SW Vein

and

256.00

256.50

0.50

0.43

1.03

0.89

SW Vein

and

554.85

555.35

0.50

0.43

0.24

Not Preformed

West Vein

EZ-21-06

134.50

136.00

1.50

1.28

1.10

1.71

7 Vein

and

245.00

246.00

1.00

0.85

2.05

2.45

SW Vein

EZ-21-07

Hole lost

EZ-21-07B

40.10

41.10

1.00

0.85

4.88

Not Preformed

7 Vein

and

51.50

52.20

0.70

0.60

9.06

Not Preformed

7 Vein

and

160.00

165.75

5.75

4.89

0.53

0.70

SW Vein

EZ-21-08

196.25

202.40

6.15

5.23

0.65

0.66

SW Vein

and

226.60

227.10

0.50

0.43

1.54

1.85

SW Vein

EZ-21-09

58.60

59.10

0.50

0.43

0.31

Not Preformed

Blue Vein

and

270.90

272.90

2.00

1.70

2.56

Not Preformed

SW Vein

and

355.88

357.00

1.12

0.95

0.85

Not Preformed

SW Vein

EZ-21-10

223.00

223.50

0.50

0.43

4.04

Not Preformed

7 Vein

and

347.70

349.20

1.50

1.28

0.22

0.21

SW Vein

EZ-21-11

326.90

327.40

0.50

0.43

0.55

0.44

SW Vein

EZ-21-12

117.80

118.80

1.00

0.85

47.6

33.7

Blue Vein

and

130.70

131.20

0.50

0.43

26.4

Not Preformed

Blue Vein

and

163.90

164.40

0.50

0.43

5.50

8.41

Blue Vein

and

344.90

347.00

2.10

1.79

0.78

1.22

SW Vein

EZ-21-13

230.70

232.60

1.90

1.62

0.76

0.71

SW Vein

Hole ID

From (m)

To (m)

Interval (m)

True Thickness (m)

Gold Grade

MET Screen Grade

Vein

EZ-21-14

224.00

224.90

0.90

0.77

1.63

1.15

SW Vein

EZ-21-15

318.40

320.80

2.40

2.04

0.31

Not Preformed

SW Vein

including

320.30

320.80

0.50

0.43

1.14

Not Preformed

SW Vein

EZ-21-16

305.00

306.90

1.90

1.61

0.55

Not Preformed

SW Vein

EZ-21-17

171.00

171.50

0.50

0.43

0.14

0.57

Vein

and

204.00

204.60

0.60

0.51

0.53

Not Preformed

vein

and

254.60

256.85

2.25

1.91

1.40

1.58

7 Vein

and

350.13

350.75

0.62

0.53

1.01

Not Preformed

SW Vein

and

379.47

382.00

2.53

2.15

0.63

0.64

SW Vein

EZ-21-18

299.50

299.90

0.40

0.34

1.53

Not Preformed

SW Vein

EZ-21-19

127.50

128.00

0.50

0.43

4.52

Not Preformed

Blue Vein

and

129.00

130.50

1.50

1.28

4.25

Not Preformed

Blue Vein

and

167.80

168.70

0.90

0.76

4.50

6.14

Blue Vein

and

351.80

354.90

3.10

2.63

0.34

Not Preformed

SW Vein

EZ-21-20

EZ-21-21

184.00

186.00

2.00

1.70

1.03

Not Preformed

unknown

and

263.45

264.30

0.85

0.72

1.34

Not Preformed

unknown

EZ-21-22

175.55

176.70

1.15

0.98

1.60

2.50

SW Vein

EZ-21-23

145.00

149.10

4.10

3.48

1.11

1.83

SW Vein

including

147.50

148.20

0.70

0.59

1.08

4.98

SW Vein

EZ-21-24

139.80

141.00

1.20

1.02

0.58

0.58

Blue Vein

and

181.70

182.65

0.95

0.81

0.85

0.84

Blue Vein

EZ-21-25

111.00

113.70

2.70

2.30

13.4

Not Preformed

Blue Vein

including

111.50

112.00

0.50

0.43

71.3

Not Preformed

Blue Vein

EZ-21-26

121.45

122.70

1.25

1.06

9.13

Not Preformed

Blue Vein

including

121.45

121.70

0.25

0.21

45.1

Not Preformed

Blue Vein

and

159.06

160.25

1.19

1.01

1.35

1.45

Blue Vein

EZ-21-27

152.20

153.60

1.40

1.19

12.1

14.31

Blue Vein

including

152.20

153.20

1.00

0.85

16.3

19.19

Blue Vein

and

157.00

157.40

0.40

0.34

1.27

1.28

Blue Vein

EZ-21-28

245.60

246.85

1.25

1.06

0.67

Not Preformed

No.9 Vein

Sampling techniques

• Nature and qualityof sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gammasondes, or handheld XRF instruments, etc).These examples shouldnot be taken as limiting the broad meaningof sampling.
• Include reference to measures taken to ensuresample representivity and the appropriate calibration of any measurement tools or systemsused.
• Aspects of the determination of mineralisation that are Materialto the Public Report. In cases where 'industry standard' work has been done this would be relatively simple(eg 'reverse circulation drilling was used to obtain1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types(eg submarine nodules) may warrant disclosure of detailed

information.

• HQ (63.5 mm) sized diamondcore using standardequipment.
• Mineralised and potentially mineralised zones, comprising veins, breccias, and alteration zoneswere sampled.
• Samples were half core.
• Typical core samples are 1m in length.
• Core samples sent to the lab will be crushedand pulverized to 85% passing75 microns. A 50g pulp will be fire assayedfor gold and multi-element ICP.Samples over 10 g/t gold will be reanalysed by fire assay with gravimetric finish

Drilling techniques

• Drill type (eg core, reversecirculation, open-hole hammer,rotary air blast, auger, Bangka,sonic, etc) and details (eg core diameter, triple or standardtube, depth of diamond tails, face-sampling bit or other type, whethercore is oriented and if so, by

what method, etc).

• Diamond Drilling from surface (HQ size)

Drill sample recovery

• Method of recording and assessing core and chip sample recoveries and results assessed.
• Measures taken to maximise samplerecovery and ensurerepresentative nature of the samples.
• Whether a relationship exists between samplerecovery and grade and whethersample bias may

have occurred due to preferential loss/gain of fine/coarse material.

• Detailed calculation of recovery was recorded, withmost holes achieving over95%
• No relationship has yet been noted between recovery and grade and no sample bias was noted to have occurred.

Criteria

Logging

• Whether core and chip sampleshave been geologically and geotechnically loggedto a level of detailto support appropriate Mineral Resource estimation, mining studies and metallurgical studies.
• Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.
• Thetotal length and percentage of the relevantintersections logged.

• Detailed geological and geotechnical loggingwas completed for each hole.
• Allcore has been photographed.
• Complete holes were logged.

Sub- sampling techniques and sample preparation

• If core, whethercut or sawn and whetherquarter, half or all core taken.
• If non-core, whetherriffled, tube sampled,rotary split, etc and whethersampled wet or dry.
• For all sample types, the nature, qualityand appropriateness of the samplepreparation technique.
• Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples.
• Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance resultsfor field duplicate/second-half sampling.
• Whether sample sizes are appropriate to the grainsize of the material being sampled.

• Half core was sampled, using a core saw.
• Duplicate samplesof new and historical core are Quarter core or half core where not previously sampled
• Sample sizes are considered appropriate for the grain size of the material being sampled.
• It is expected that bulk sampling will be utilisedas the projectadvances, to more accurately determine grade.

Quality of assay data andlaboratory tests

• The nature, qualityand appropriateness of the assaying and laboratory procedures used and whetherthe technique is considered partialor total.
• For geophysical tools,spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, readingtimes, calibrations factorsapplied andtheir derivation, etc.
• Nature of qualitycontrol procedures adopted(eg standards, blanks,duplicates, external laboratory checks) and whetheracceptable levels of accuracy (ie lack of bias) and precision have been established.

• Core samplesthat have been sent to the lab for analysis include control samples(standards, blanks and prep duplicates) inserted at a minimum rate of 1:5 samples.
• In addition to the minimumrate of inserted control samples, a standard or a blank is inserted following a zoneof mineralization or visible gold
• Further duplicate samples were analysedto assess variability

Verification of sampling and assaying

• The verification of significant intersections by either independent or alternative companypersonnel.
• The use of twinned holes.
• Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.
• Discuss any adjustment to assay data.

• Re-assaying of selectedintervals of historiccore have been sent for analysis.

Criteria

Location of data points

• Accuracy and qualityof surveys used to locatedrill holes (collarand down-hole surveys), trenches, mine workings and other locations used in MineralResource estimation.
• Specification of the grid system used.
• Quality and adequacy of topographic control.

• All sampling points were surveyed using a hand held GPS.
• UTMgrid NAD83 Zone 10.
• A more accurate surveypickup will be completed at the end of the program, to ensure data is appropriate for geological modelling and Resource Estimation.
• Down hole surveys have been completed on all holes.

Data spacing and distribution

• Data spacing for reporting of Exploration Results.
• Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserveestimation procedure(s) and classifications applied.
• Whether sample compositing has been applied.

• Most drilling is targeting verification and extension of known mineralisation.
• It is expectedthat the data will be utilised in a preparation of a MineralResource statement.
• Additional drilling is exploration beneathgeochemical anomalies, and would requirefurther delineation drilling to be incorporated in a MineralResource.

Orientation of data in relation to geological structure

• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering thedeposit type.
• If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias,this should be assessed and reported if material.

• In general, the aim was to drill perpendicular to the mineralised structures, to gain an estimate of the true thickness of the mineralised structures.
• At several locations, a series (fan) of holes was drilled to help confirm the orientation of the mineralised structures and to keep land disturbance to a minimum.

Sample s Security

• The measures takento ensure samplesecurity.

• Samples from Elizabeth were delivered to the laboratory by a commercial transport service.

Audits or Reviews

• The resultsof any auditsor reviews of sampling techniques and data.

• An independent geological consultant has recently visited the site as part of preparing an updated NI43-101Technical Report for the Project.

Criteria

Mineral tenement andland tenure status

• Type, reference name/number, location and ownership including agreements or material issueswith third partiessuch as joint ventures, partnerships, overriding royalties, nativetitle interests, historical sites, wilderness or national park and environmental settings.
• The security of the tenureheld at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

• The Blackdome-Elizabeth Projectis comprised of 73 contiguous mineral claims underlain by 14 Crown granted mineral claims and two mining leases.
• The Property is located in the Clintonand Lillooet MiningDivisions approximately 230 km NNE of Vancouver
• Tempus has exercised the option to acquire the Elizabeth Gold Project and has completed an addendum to the original Elizabeth Option Agreement

(refer to ASX announcement 15 December 2020)

• A net smelterroyalty of 3% NSR (1% purchasable) appliesto several claimson the Elizabeth Property.
• No royalties applyto the Blackdome Property or Elizabeth Regional Properties.
• There are currently no known impediments to developing a project in this area, and all tenure is in good standing.

Exploration done by other parties

• Acknowledgment and appraisal of exploration by other parties.

• In the 1940s, placergold was discovered in Fairless Creek west of Blackdome Summit.Prospecting by Lawrence Frenier shortly afterward led to the discovery of gold-bearing quartzveins on the southwest slopeof the mountain that resulted in the stakingof mining claimsin 1947. EmpireValley Gold Mines Ltd and Silver Standard Resources drove two adits and completed basicsurface work during the 1950s.
• The Blackdome area was not worked again until 1977 when Barrier Reef Resources Ltd. re-staked the area and performed surfacework in additionto underground development. The Blackdome Mining Corp. was formed in 1978 and performed extensive surface and underground work with variousjoint venture partnersthat resulted in a positive feasibility study. A 200 ton/daymill, camp facilities and tailings pond were constructed and mining operations officially commenced in 1986. The mine ceased operations in 1991, havingproduced 225,000 oz of Au and 547,000oz of Ag from 338,000tons of ore (Godardet al., 2010)
• After a period of inactivity, Claimstaker Resources Ltd. tookover the project, reopening the mine in late 1998.

Mining operations lastedsix months and ended in May of 1999. During this period, 6,547 oz of Au and 17,300 oz of Ag were producedfrom 21,268 tons of ore. Further exploration programs were continued by Claimstaker over the following years and a Japanese joint venture partnerwas brought onboardthat prompted a name changeto J-Pacific Gold Inc. This partnership was terminated by 2010, resulting in another name change to Sona Resources Corp.

• Gold-bearing quartz veins were discovered near Blue Creek in 1934, and in 1940-1941 the Elizabeth No. 1-4 claims were staked.
• Bralorne Mines Ltd. optioned the property in 1941 and during the period 1948-1949, explored the presently- named Main and West Veins by about 700 metresof cross-cutting and drifting, as well as about 110 metres of raises.
• After acquiring the Elizabeth Gold Project in 2002, J- Pacific (now Sona) has conducted a series of exploration programs that included diamonddrilling 66 holes totalling 8962.8 metres (up until 2009) Other exploration work by Sona at the Elizabeth Gold Project has included two soil grid, stream sediment sampling, geological mappingand sampling, underground rehabilitation, structural mapping and airborne photography and topographic base map generation.

Geology

• Deposit type, geological setting and styleof mineralisation.

• The Blackdome property is situatedin a region underlain by rocks of Triassic to Tertiary age. Sedimentary and igneous rocks of the Triassic Pavilion Group occurring along the FraserRiver represent the oldest rocks in the region. A large, Triassic age, ultramafic complex(Shulaps Complex) was emplaced along the Yalakomfault; a regional scale structure locatedsome 30 kilometres south of the property. Sediments and volcanics of the Cretaceous Jackass Mountain Groupand Spences Bridge/Kingsvale Formations overlie the Triassic assemblages. Some of these rocks occur severalkilometres south of Blackdome.
• Overlying the Cretaceous rocks are volcanics and minor sediments of Eocene age.These rocks underlie much of

Blackdome and are correlated with the KamloopsGroup seen in the Ashcroft and Nicola regions.

Commentary

Geochemical studies (Vivian,1988) have shownthese rocks to be derivedfrom a "calc-alkaline" magma in a volcanicarc type tectonicsetting. Eocene age granitic intrusions at Poison Mountain some 22 kilometres southwest of Blackdome are host to a gold bearing porphyry copper/molybdenum deposit. It is speculated that this or related intrusions could reflect the source magmas of the volcanic rocks seen at Blackdome. There is some documented evidenceof young graniticrocks several kilometres south of the mine near Lone Cabin Creek.

The youngest rocks present are Oligocene to Miocene basalts of the Chilcotin Group. These are exposed on the uppermost slopes of Blackdome Mountain and Red Mountain to the south.

• Transecting the property in a NE-SWstrike direction are a seriesof faults that range from vertical to moderately westerly dipping. These faultsare the principal host structures for Au- Ag mineralisation. The faults anastomose, and form sygmoidal loops.
• The area in which the Elizabeth Gold Project is situated is underlain by Late Paleozoic to Mesozoic rock assemblages that are juxtaposed across a complexsystem of faultsmainly of Cretaceous and Tertiary age. These Paleozoic to Mesozoic-age rocks are intrudedby Cretaceous and Tertiary-age stocksand dykes of mainly felsicto intermediate composition, and are locallyoverlain by Paleogene volcanic and sedimentary rocks. The Elizabeth Gold Project is partly underlain by ultramafic rocksof the Shulaps Ultramafic Complex,which include harzburgite, serpentinite and theiralteration product listwanite.
• The gold mineralisation found on the Elizabeth Gold Project presentcharacteristics typical of epigenetic mesothermal gold deposits. The auriferous quartz vein mineralisation is analogous to that foundin the Bralorne- Pioneer deposits. Gold mineralisation is hosted by a seriesof northeast trending, steeply northwest dippingveins that crosscut the Blue Creek porphyry intrusion. The Main and West vein systems displaymesothermal textures, including ribboned-laminated veins and comprehensive wall rock breccias. Vein formation and gold mineralisation were associated with extensional-

brittle faulting believed to be contemporaneous with mid- Eocene extensional faulting along the Marshall Creek,Mission Ridge and Quartz Mountain faults.

Criteria

Drill hole Information

• A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:
  • easting and northing of the drill hole collar
  • elevation or RL (Reduced Level- elevation abovesea level in metres) of the drill hole collar
  • dip and azimuth of the hole
  • down hole lengthand interception depth
  • hole length.
• If the exclusion of this information is justified on the basisthat the information is not Material and this exclusion does not detractfrom the understanding

of the report, the Competent Person should clearlyexplain why this isthe case.

• Refer to Appendix 1 for drillhole collar information

Data aggregation methods

• In reporting Exploration Results, weighting averaging techniques, maximum and/orminimum grade truncations (eg cutting of high grades)and cut-off gradesare usually Material and should be stated.
• Where aggregate intercepts incorporate short lengthsof high grade results and longer lengthsof low grade results, the procedure used for such aggregation shouldbe stated and some typicalexamples of such aggregations shouldbe shown in detail.
• Theassumptions used for any reporting of metal equivalent values should be clearly stated.

• Intervals reported usingseveral samples are calculated using a weighted average.
• Calculated intervals usinga weighted averagedid not use a top cut on high-grade samples.High-grade samples are reported as 'including'
• Calculated weighted averageintervals are continuous intervals of a mineralized zone and do not includeunsampled intervals or unmineralized intervals.

Relationship between mineralisation widthsand intercept lengths

• These relationships are particularly important in the reporting of Exploration Results.
• If the geometry of the mineralisation with respect to the drill hole angle is known,its nature shouldbe reported.
• If it is not known and only the down hole lengthsare reported, thereshould be a clear statement to this effect(eg 'down hole length, true width not

known').

• In general, drilling is designed to intersect the mineralized zone at a normal angle,but this is not always possible.
• For the reported intervals, true widthsare reported where mineralized core was intactand possible to measure the orientation. Otherwise the true widthis left blank

Diagrams

• Appropriate maps and sections (with scales) and tabulations of intercepts shouldbe included for any significant discovery being reportedThese should include, but not be limited to a plan view of drill

hole collar locations and appropriate sectional views.

• Refer to maps withinannouncement for drillhole locations.

Criteria

JORC Code explanation

Commentary

Balanced

reporting

• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widthsshould be practiced to avoid misleading reporting of Exploration

Results.

• Where broaderlow-grade intervals are reported the high-grade intercepts are reported as 'including' within the reported interval

Other substantive exploration data

• Other exploration data, if meaningful and material, shouldbe reported including (but not limitedto): geological observations; geophysical survey results;geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating

substances.

• Tempus recently completed an airborne magnetic and radiometric survey over the Elizabeth Gold Project (refer to ASX announcement 02 August 2021) by completing 97 lines for a total of 735 line-kilometres. Flight lines are oriented east-west with north-south tie lines and spaced 200 metres across the entire 115km2 Elizabeth property. Line spacing of 100 metres was flown over the Elizabeth Main and Elizabeth East Zones.
• The airborne magnetic survey data was reviewed and interpreted by Insight Geophysics Inc. using 3D magnetization vector inversion (MVI) modelling.
• The geophysical surveys identified the Blue Creek Porphyry, which is the known host of the high-grade Elizabeth gold-quartz veins, as a relative magnetic low anomaly within the Shulaps Ultramafic Complex. From this correlation of geology and geophysics it was determined that the Blue Creek Porphyry, originally explored / mapped to approximately 1.1km2 in size, is likely much larger. The airborne magnetic survey and MVI 3D modelling interpret the Blue Creek Porphyry to be at least four-times the size at approximately 4.5km2.
• This interpretation of the Blue Creek Porphyry is also extensive at depth extending to at least 2km deep

Further work

• The nature and scale of planned furtherwork (eg testsfor lateral extensions or depth extensions or large- scale step-out drilling).
• Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drillingareas, provided this

information is not commercially sensitive.

• Tempus plans to updatehistorical NI43-101 foreignresource estimates to current NI43-101 and JORC 2012 standards
• Tempus is also seekingto expand the scale of the mineralisation at the projectthrough further exploration.