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Seahawk Ventures Inc.

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Summary

Project:

Mackenzie

Deposit:Mackenzie
Location:Canada
Commodities:Iron-Copper
Date:10/12/2016
Report Code:NI43-101
Report Type:Supporting Acquisition
Project Stage:Pursuing Resources Definition
Report details:12-10-2016: Seahawk Ventures Inc. announces a Supporting Acquisition report for its Mackenzie deposit at the Mackenzie project. Summary of property in support of acquisition. This report is commissioned by Metallis Resources Inc. (“Metallis”), with office
Resources:x
CP/QP:[Overall Report]: Gary Vivian (Aurora Geosciences Ltd.)
ABSTRACT:This report is commissioned by Metallis Resources Inc. (“Metallis”), with offices at 515-850 West Hastings Street, Vancouver, BC, V6C 1E1, and Seahawk Ventures Inc. (“Seahawk”) with offices at 909 Bowron Street, Coquitlam, BC, V3J 7W3. The report is prepared by Gary Vivian, M.Sc., P.Geol(the “Author”) of Aurora Geosciences Ltd. This report will supersede the NI 43-101 filed for the Mackenzie Mountains Iron Copper Property (MMICP) by Coltstar Ventures Inc. (“Coltstar”) (the predecessor of Metallis) in 2013, and the NI 43-101 for the MMICP filed by Metallis and Karsten Energy Corp. in 2014. The author is asked to undertake a review of the available data as well as any relevant current exploration activity in the area, and if required, re-visit the property in order to assess the base and precious metal potential of the property in the context of any new exploration work. The mandate also calls for the author to recommend specific areas (if warranted) for further exploration. The identification of these areas would be based on his observations and interpretations. This report is prepared to document material changes relevant to the property including exploration activities since 2011, property ownership, and property dispositions. The report will also satisfy the requirement for a National Instrument 43-101 report as part of a Sales Agreement between Metallis (vendor) and Seahawk (purchaser). The terms of the agreement are summarized in Section 4.

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