Hi-View completes Borealis project acquisition

Executive Summary

• Hi-View Resources Inc. has completed the acquisition of the Borealis project in the Toodoggone district of north-central British Columbia from Coast Copper Corp.
• The acquisition expands Hi-View’s land package by 9,106 hectares, nearly doubling its fully owned portfolio with no immediate work commitments.
• The transaction involves a cash payment, equity issuance, and an NSR royalty, with plans to initiate airborne and IP surveys to advance toward a drill program.

Key Details

• Transaction Structure:
  • Paid $500,000 in cash to Coast Copper Corp.
  • Issued 3.5 million common shares to Coast Copper.
  • Granted Coast Copper a 3% Net Smelter Return (NSR) royalty on the Borealis project.
  • Right to repurchase 1% of the NSR for $2.5 million and an additional 1% for $5 million.
  • Issued 588,095 common shares to an arm's-length finder.
• Share Restrictions:
  • All consideration and finder shares are subject to a statutory hold period of four months and one day.
  • 2.45 million consideration shares are subject to a contractual resale restriction: 350,000 shares released monthly over an 11-month period starting five months post-closing.
• Borealis Project Overview:
  • Located in the Toodoggone district, north-central British Columbia.
  • Total land package now spans over 18,855 hectares (including Borealis).
  • Immediate plans include an airborne survey across new holdings, followed by an IP survey permit application and a drill program.
• Cas Area Technical Data:
  • 1992 Placer Dome program identified two strong IP chargeability highs (up to 73 ms) with coincident low resistivity and pyritic clay alteration along a monzonite stock margin.
  • Geochemistry: Soils up to 138 ppm Cu and 970 ppb Au; rocks up to 2.3% Cu and 695 ppb Au.
  • Cas 3-9 multistage quartz veins hosted by lapilli tuff; sample assaying 106 g/t Ag.
  • Element-mobility analysis suggests gold-silver-copper anomalies are near source, with elevated molybdenum indicating a potential porphyry-style source.
• Bren Area Technical Data:
  • Silver-rich polymetallic veins and breccias in structurally prepared zones.
  • Historical Drilling:
    • Hole G-6: 0.09 m at 349.7 g/t Ag and 0.68 g/t Au.
    • Hole G-3: 0.60 m at 140.2 g/t Ag and 0.68 g/t Au.
    • Hole G-7: 0.60 m at 123.1 g/t Ag and 0.34 g/t Au.
  • Surface Work:
    • High-grade silver intervals: 11,135.5 g/t Ag over 0.45 m down to 801.3 g/t Ag over 1.35 m.
    • Grab sample: 0.695 g/t Au, 40 g/t Ag, 0.85% Zn, 1.16% Pb, and 2.3% Cu.
• Firesteel Area Technical Data:
  • Replacement/skarn setting with silver-bearing veins at a limestone-volcanic contact.
  • Chip and Trench Intervals:
    • 4.8 m at 11.5% Zn, 0.50% Cu, and 54.0 g/t Ag.
    • 2.1 m at 2.3% Zn, 0.3% Pb, and 106.0 g/t Ag (Trench 57).
    • 0.9 m at 0.80% Zn, 1.2% Cu, and 177.8 g/t Ag (Trench 101).
  • Freibergite-bearing quartz veins: Up to 11,163 g/t Ag over 0.46 m.
  • Selective samples: 12-44% Zn, 0.25-0.74% Cu, and 2.7-195 g/t Ag.
  • 1.0 m chip grading 10.5% Zn.

Notable Quotes

• "The acquisition of Borealis has expanded our land package by 9,106 hectares, nearly doubling our fully owned portfolio with no work commitments." — R. Nick Horsley, CEO
• "When our team first identified the Placer Dome IP [induced polarization] target, we were astonished that such a promising site had never been drilled. In 1992, low-grade, bulk-tonnage porphyry targets were overlooked; yet, today, these deposits are highly valued for their consistent mining grades and predictable metallurgy." — R. Nick Horsley, CEO