Parbec

Wholly-Owned, Road Accessible NW Quebec Open Pit 43-101 Gold Deposit

Contiguous to Canadian Malartic, Canada’s Largest Gold Mine

15,569m Drill Program Completed

Assay Results Pending

Drill Program Results

Assay Results are slowly being received and press released for the 15,569m drilled in Fall 2020 and Winter 2021.

Parbec, sitting on 1.8kms of the Cadillac Break, neighbours the Canadian Malartic Mine, Canada’s largest gold mine, currently an open pit.

In May 2020 a NI 43-101 Open Pit Constrained Resource Estimate was prepared for Parbec, however, Renforth has subsequently drilled 15,569m and obtained positive results to date, which will require a restatement of the resource estimate, anticipated to occur during Summer 2021. In addition to new data Renforth intends to incorporate the results of 62 drill holes, drilled between 1986 and 1993, in the upcoming resource estimate assuming that the lab results from holes twinned in the Winter 2021 drilling supports the inclusion. These results were not used in the May 2020 Resource Estimate.

Assay highlights press released to date from the 2020/2021 drilling, which commenced with PAR-20-100 and finished with PAR-21-148 are presented below, taken from various press releases.

DDH From (m) To (m) Length (m) Au g/t
PAR-20-100 18.5 22.5 4 1.86
including 20.05 22.5 2.45 2.69
PAR-20-100 26.65 33.5 6.85 1.62
including 27.55 31.7 4.15 2.38
PAR-20-100 88.5 111 22.5 1.21
including 94.5 108.5 14 1.77
Also including 96.5 101.5 5 3.35
PAR-20-100 254.15 260 5.85 0.5
PAR-20-100 269.4 270.5 1.1 0.85
PAR-20-100 292.5 293 0.5 1.43
PAR-20-100 355.9 365.5 9.6 0.59
including 361.6 365.5 3.9 1
PAR-20-101 7.8 21 13.2 1.09
including 9 17 8 1.65
which includes 11 13.6 2.6 3
and includes 14.35 17 2.65 1.06
PAR-20-101 53.6 62.75 9.15 0.56
includes 61.2 62.75 1.55 1.44
PAR-20-101 232.5 236.35 3.85 0.62
PAR-20-101 245.5 260.85 6.55 1.48
PAR-20-102 34 35.5 1.5 0.95
PAR-20-102 202.7 203.05 0.35 2.39
PAR-20-102 220 221.5 1.5 3.53
PAR-20-102 225.5 226.5 1 1.66
PAR-20-102 232.5 233.75 1.25 1.95
PAR-20-103 7.2 13 5.8 1.23
Including 8.2 9.5 1.3 4.43
PAR-20-103 62.75 63.3 0.55 2.32
PAR-20-103 131.3 135.3 4 1.8
PAR-20-104A 25.5 31.5 6 1.25
PAR-20-104A 53 66 13 1.72
PAR-20-104 25.5 27 1.5 0.6
PAR-20-104 62.5 66 3.5 0.7
PAR-20-104 76.5 78 1.5 0.79
PAR-20-104 352.7 354 1.3 0.62
PAR-20-104 434.4 436.5 2.1 0.5
PAR-20-104 448 451.6 3.6 1.63
PAR-20-104 448 450.1 2.1 2.17
PAR-20-105 83.4 84.9 1.5 5.34
PAR-20-105 159 159.5 0.5 15.8
PAR-20-105 174.7 177.7 3 6.43
PAR-20-106 22.5 24 1.5 1.32
PAR-20-106 196.5 201.7 5.2 0.76
PAR-20-106 211.35 215.8 4.45 1.32
PAR-20-106 221.5 225 3.5 1.41
PAR-20-106 366 376.75 10.75 0.45
including 368.5 369.1 0.6 1.26
PAR-20-107 36 38.5 2.5 0.63
PAR-20-107 42 43 1 3.94
PAR-20-107 57.2 65.1 7.9 0.54
including 57.2 60.5 3.3 0.79
PAR-20-107 108.8 109.7 0.9 0.9
PAR-20-107 141 145 4 4.02
PAR-20-108 76.9 78.5 1.6 0.901
PAR-20-108 156.65 158.15 1.5 2.05
PAR-20-109 2.3 2.8 0.5 1.84
PAR-20-109 31 37.5 6.5 0.91
PAR-20-109 60.8 64.5 3.7 0.52
PAR-20-109 124.05 128 3.95 0.68
including 126.5 128 1.5 0.908
PAR-20-109 136.15 149 12.85 0.69
PAR-20-110 58.15 59.15 1 1.09
PAR-20-110 136.5 142.5 6 1.1
PAR-20-110 118.65 124.5 5.85 0.78
PAR-20-110 151 154 3 1.18
PAR-20-110 216 217.5 1.5 0.708
PAR-20-110 229.5 231 1.5 0.546
PAR-20-110 250.8 260.3 9.5 0.72
PAR-20-111 60.7 62 1.3 0.808
PAR-20-111 97.6 106 8.4 0.65
PAR-20-111 108.55 110 1.45 0.911
PAR-20-111 184.75 185.45 0.7 2.49
PAR-20-111 213 220.3 7.3 1.51
PAR-20-112 153.65 155 1.35 2.26
PAR-20-112 173 174 1 1.04
PAR-20-112 214.5 219 4.5 0.71
PAR-20-112 223.1 223.85 0.75 1.91
PAR-20-112 254.8 276.25 21.45 5.57
including 254.8 271.5 16.7 6.27
OR including 258.2 271.5 13.3 8.28
including 262.15 265.9 3.75 12.08
AND includes 264.9 265.9 1 37.3
AND includes 269.4 270.5 1.1 32
PAR-20-113 3.9 5 1.1 1.81
PAR-20-113 44.7 48.7 4 0.68
PAR-20-113 88.2 92.1 3.9 1.19
PAR-20-113 96.5 98 1.5 0.608
PAR-20-114 315.75 325.9 10.15 0.7
PAR-20-114 331 332.2 1.2 1.02
PAR-20-114 380.5 381 0.5 1.63
PAR-20-114 410.7 411.85 1.15 2.64
PAR-20-116 76 78.85 2.85 1.08
PAR-20-116 108.9 158.5 49.6 1.46
including 135.5 138 2.5 8.63
PAR-20-118 136.65 138 1.35 0.99
PAR-20-118 194.35 195.85 1.5 2.28
PAR-20-118 136.65 138 1.35 0.989
PAR-20-121 128 139.75 10.75 1.54
including 129.15 132 2.85 3.61
also includes 130.5 131.5 1 7.97

Parbec Gold Deposit May 2020 Resource Estimate