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Tocvan Ventures Corp.

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Summary

Project:

Rogers Creek

Deposit:Rogers Creek
Location:Canada
Commodities:Copper-Gold-Molybdenum
Date:11/21/2018
Report Code:NI43-101
Report Type:Supporting Acquisition
Project Stage:Pursuing Resources Definition
Report details:21-11-2018: Tocvan Ventures Corp. announces a Supporting Acquisition report for its Rogers Creek deposit at the Rogers Creek project. Summary of property in support of option agreement. The Rogers Creek Property (the Project or the Property) covers 212.34
Resources:x
CP/QP:[Overall Report]: Brian Fowler (Independent)
ABSTRACT:The Rogers Creek Property (the Project or the Property) covers 212.34 km2 in the Coastal Mountain Belt of British Columbia about 90 km northeast of Vancouver, B.C. The Property consists of 47 mineral claims and is being explored by Carube Copper Corp. (CUC:TSX.V) (“Carube”) for porphyry-style copper-gold mineralization. On May 24, 2018, Carube announced it had signed an Option Agreement with Tocvan Ventures Corp. (Tocvan), a private company based in Calgary, Alberta, that provides Tocvan the right to earn 80% of the Rogers Creek Property, as part of Tocvan’s Going-Public Transaction (Transaction) for listing on the Canadian Securities Exchange (CSE). This Technical Report was prepared for Tocvan to summarize exploration work completed to date and support technical disclosure in public documents. This Technical Report has been prepared in compliance with the requirements of National Instrument 43-101 and Form 43-101F1. Property Description and Location The Property straddles the Lower Lillooet River valley, approximately 90 km northeast of Vancouver and 26 km south of Pemberton, British Columbia. The Property consists of 47 contiguous mineral claims covering 212.34 km2 . Carube owns a 100% interest in the Property, subject to a 2.5% Net Smelter Return (NSR) Royalty (Poirier Royalty) to Mr. Gary Poirier (Vendor), of which 1.25% can be bought back for $1.25 M at the time of a production decision. Sufficient assessment work has been filed to keep key parts of the Property in good stead until the end of 2019 and 2021. Terms of the Earn-In Option Agreement By the terms of the Rogers Creek Property Option Agreement dated May 18th, 2018, and subsequently amended on September 10th, 2018, Tocvan has the right to earn an 80% interest of the Property by spending $1.9 million on exploration and issuing Carube $25,000 in cash and 1.3 million shares over the initial 4 year earn in period. After successful completion of the earn-in period, an 80% -20% Joint Venture will be formed where Carube will retain 20% equity in the Property, subject to meeting future pro-rata expenditure commitments. Carube will also receive

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