Blue Thunder Projects

THIS IS WHAT OPPORTUNITY LOOKS LIKE

A quality team with properties in an area with an exciting future.

Our Muus Project at a glance

Blue Thunder controls 25,250 hectares (ha) of mineral rights ground some 60 km SW of Chibougamau, Quebec

Prospective for gold and base-metals at intersection of two major mineralized structural breaks:
✓ Northeast trending Fancamp Deformation Zone (FDZ), which hosts IAMGOLDกฏs Monster Lake deposit and Blue Thunderกฏs Fancamp Property.
✓ East-West trending Guercheville Deformation Zone (GDZ), which hosts IAMGOLDกฏs Nelligan deposit, as well as historical resources at Philibert, Meston and Joe Mann.

The Project is strategically located directly adjacent and on strike with

▪Nelligan* gold deposit – Iamgold/Vanstar JV: January, 2023 NI 43-101 announced 72.2 million tonnes of Indicated Mineral Resources averaging 0.85 grams of gold per tonne ("g/t Au") for 1.97 million ounces of gold, and 114.1 million tonnes of Inferred Mineral Resources averaging 0.88 g/t Au for 3.24 million ounces of gold.
▪Monster Lake* gold deposit – Iamgold/Tomagold JV: maiden NI 43-101 Inferred resource announced in March 2018 of 1,109,700 tonnes of inferred resources grading 12.1 g/t Au for 433,000 contained ounces of gold.
▪GDZ is associated with nearby:
1. Chevrier Main Zone gold deposit: Genesis Metals Inc., Technical Report February 2019): 10.6 Mt @ 1.2 g/t Indicated for 423,000 oz Au, and 6.0 Mt @ 1.3 g/t Au Inferred for 259,000 oz Au.
2. Joe Mann Gold Mine: (historical producer recently acquired by Dore Copper): historical production of 1.8 M oz Au with average grades of 8.5 g/t Au
3. Philibert gold deposit (SOQUEM Inc.): 1991 historical resource* of 1.4 Mt grading 5.3 g/t Au.
* Blue Thunder are treating this as an historical estimates and not as current mineral resources as defined in NI 43-101. The historical resource should not be relied upon until such time as it has been independently estimated and disclosed following NI 43-101 standards.

Highly compelling structural setting in a very favorable geological location

Muus Project

Overview
Geology and Mineralization
Agreements

Overview

Blue Thunder holds a 100% interest in the Muus Project comprising the Muus, Muus East, Nisk, Fancamp and Embry properties. Together, these properties aggregate a total of 455 claims covering 25,250 ha. The Muus Project is located in the southern part of the James Bay area of the Province of Quebec, about 30 km south of Chapais and 60 km southwest of Chibougamau, in the eastern part of the Abitibi Greenstone Belt.

Map depicting Muus, Muus East, Nisk, Fancamp and Embry Properties

The Muus Project is very prospective for gold, as well as for volcanogenic massive sulphide (VMS) deposits, with associated precious- and base-metals. A series of prominent primary, secondary and tertiary high-strain zones and splays associated with the GDZ transect the Project. Several brittle faultฉ\sets are also evident throughout the Project area and play an important role in mineralization models.

Geology
The Chapaisฉ\Chibougamau area is within the Northern Volcanic Zone of the Abitibi Greenstone Belt. Blue Thunderกฏs properties are mainly underlain by the following Archean rock units:

Obatogamau Formation – primarily mafic volcanic rocks interstratified with local felsic units such as the Lac Des Vents Complex; and,
Caopatina Formation, comprising sediments that disconformably overlie the Obatogamau Formation.

These units are intruded by various kilometric-scale felsic stocks, as well as felsic to mafic dykes and sills.

Stratigraphic column of northeast Abitibi – sourced from Consorem Report, Stephane Faure, 2012

Mineralization

The Blue Thunder properties offer the potential to discover both structurally controlled lode gold and VMS mineralization, associated with base- and precious-metals. The recent discovery of the nearby Nelligan gold deposit also highlights the potential for the area to host broader disseminated-style gold systems amenable to bulk mining methods. Importantly, two major regional deformation zones intersect within the Muus Property: the east-west trending GDZ (which transects the full length of the Muus property for +20 km); and the northeast trending FDZ. Both structures and their secondary splays and cross-structures, are associated with numerous gold deposits and dozens of gold showings in the region.

(1) Monster Lake NI 43-101 Technical Report, Apr 9, 2018, Prepared for Iamgold Corp and Tomagold Corp

(2) Nelligan NI 43-101 Technical Report, Oct 22, 2019, Prepared for Iamgold Corp and Vanstar Mining Resources

(3) Chevrier NI 43-101 Tehcnical Evaluation Report, Feb 4, 2019, Prepared for Genesis Metals Inc

(4) Historical Resource estimate – Not in compliance with NI 43-101 and should not be relied upon

Historical Exploration
The vast majority of the historical exploration on the Muus Project has taken place on the Muus property, with only limited documented work over Muus East and Nisk. Most of the historic diamondฉ\drilling in the immediate vicinity of the current Muus property was completed between 1985 and 1996 to test magnetic and electromagnetic anomalies. This led to discovery of a number of gold and base-metal occurrences and showings, which to date have not been adequately investigated. Recent compilation work by Blue Thunder shows that: 1) few of the previous gold exploration efforts focused on structural targets; 2) the vast majority of the Muus property is not covered by Induced Polarization (IP) surveys; 3) the recent identification of an exhalite horizon within the Lac des Vent Complex affirms a prospective environment for VMS mineralization.

Blue Thunder Exploration
In accordance with the provisions of IAMGOLD’s recent investment in Blue Thunder, a Technical Committee with representatives of IAMGOLD and Blue Thunder was formed and mandated to plan ongoing exploration on the Muus Project. The Technical Committee has held its first meeting and is preparing plans for this year’s exploration on the Project. The proposed work will initially comprise data compilation and review followed by field work and targeted diamond-drilling later in the year.

AGREEMENTS

Agreements

The properties that comprise the Muus Project are held 100% by Blue Thunder other than the claims which are subject to the Tectonic Agreement

Tectonic Agreement
On February 15^th, 2019, Blue Thunder entered into an option to acquire 100% interest in forty-seven (47) claims from Ressources Tectonic Inc. (“Tectonic”) by:
• Paying $20,000 upon execution (payment made)
• Paying an additional $40,000 and incurring $60,000 in expenditures within 1 year of Feb 15, 2019
• Paying an additional $60,000 and incurring $90,000 in expenditures within 2 years of Feb 15, 2019
• Paying an additional $150,000 and incurring $100,000 in expenditures within 3 years of Feb 15, 2019

Once 100% has been earned BTMC shall grant a 2% NSR to Tectonic which can be reduced to 1% for $500,000 within 5 years of Feb 15, 2019 or $2,000,000 if after the 5 year period.

Certain claims within Blue Thunder’s Muus Project are subject to underlying royalty agreements