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Greenland Resources Inc.

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Summary

Project:

Storo

Deposit:Storo
Location:Greenland
Commodities:Gold
Date:10/4/2016
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:4-10-2016: Greenland Resources Inc. announces a Resource Estimation report for its Storo deposit at the Storo project. Initial resource estimate at project. This report has been prepared by SRK Consulting (Sweden) AB (“SRK”) on behalf of Greenland Resourc
Resources:(Resource, Inf.): 0.885Mt @ 3.4g/t Au for 95000 oz Au contained at project
CP/QP:[Resources]: Martin Pittuck (SRK Consulting)
ABSTRACT:This report has been prepared by SRK Consulting (Sweden) AB (“SRK”) on behalf of Greenland Resources Inc (“GRI”). The author’s scope of work for this document has been to produce a technical report for the Storø Gold Project (“Storø” or the “Project”) in southwest Greenland. It has been prepared following the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) definitions and guidelines of the Canadian Securities Administrators’ National Instrument 43- 101 (“NI 43-101”) and Form 43-101 F1. The report serves as an independent report prepared by Johan Bradley (MSc, CGeol, EurGeol) who was the Managing Director of SRK Consulting (Sweden) AB at the time the technical work in this report was completed and Martin Pittuck (CEng, FGS, MIMMM), who is a full-time employee of SRK Consulting (UK) Ltd.; both are Qualified Persons (“QP”) as defined by the CIM definitions. Mr Bradley undertook two site visits in September 2011 and again in August 2016 in order to assess geological information used for this study. Due to financial reasons, the finalisation of this technical report was delayed by more than a year. Since completion of the work in October 2016, Mr Bradley has left SRK and is therefore not a signatory of the report, but he remains QP for the exploration and geology aspects of this technical report in his capacity as an independent consultant.

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