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CAP Property

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The CAP Property consists of five contiguous mineral tenures, covering an area of 2,353.83 ha within central British Columbia. The property is located approximately 85 km northeast of Prince George and is accessible during the summer months by 4x4 truck and/or ATV by following a network of logging roads. Alternatively, the property may be accessed year-round by helicopter from Prince George, which is the most expedient option.

Arctic Star has owns the property 100%. The property vendors 877384 and Zimtu will retain a 2-per-cent net smelter royalty.

The region surrounding the property is predominantly underlain by limestones, siltstones, argillites, and other calcareous rocks of the upper Cambrian to lower Ordovician Kechika Group, and Ordovician Skoki and Chushina Formations. The southwest part of the Property is underlain by the Hadrynian Misinchinka or Miette Group, which consists of greenshist-grade metamorphic rocks. The topography and structural geology of the area is dominated by the Rocky Mountain Trench ("RMT"), a northwest-trending structural feature that stretches across the length of British Columbia. Within the province, carbonatite complexes often occur on either side of, and parallel to, the RMT. To the northwest, the Wicheeda Lake Carbonatite Complex ("WLCC") consists of a linear zone of small plugs, dikes and sills of carbonatite and syenite, and is believed to be Devonian to Mississippian in age. Carbonatite complexes may be host to several economic elements such as Nb, REEs and Ta, as well as industrial minerals such as apatite, barite, fluorite and vermiculite.

Exploration in the Wicheeda Lake area was first documented in the mid 1970's, although the presence of a carbonatite complex was not realized until 1986. Teck Explorations Ltd. completed a number of detailed exploration grids that led to the identification and mapping of the WLCC. Anomalous values of Nb and REE's were reported, however only sporadic exploration occurred up until the last five years. The last five years have seen a dramatic increase in both the acquisition of mineral tenures and the amount of mineral exploration within the area. Most projects have undergone only early-stage exploration activities; however, drill program results have been reported from Spectrum Mining Corp.'s Wicheeda Property, and Commerce Resources Corp.'s and Canadian International Minerals Inc.'s Carbo Property. The reader is cautioned that mineral deposits and exploration results on adjacent properties are not indicative of mineral deposits on the CAP Property.

Highlights from drilling on the Wicheeda Property include (Graf et al., 2009):

DDH 2008-02: 48.64 m of 3.55% TREE; DDH 2009-07: 72.00 m of 2.92% TREE; and DDH 2009-09: 144.00 m of 2.20% TREE.

Highlights from 2010 drilling on the Carbo Property include (CIN, 2011):

DDH CA-10-001: 2.1 m of 4.07% TREO; DDH CA-10-002: 1.2 m of 3.70% TREO; DDH CA-10-006: 37.3 m of 1.43% TREO; and DDH CA-10-008: 3.0 m of 3.00% TREO.

In 2010, a small program of prospecting was conducted on the property. This work identified a few small outcrops of cryptocrystalline alkaline intrusives with elevated levels of Niobium, Zircon and REE. The data from this program guided the 2011 exploration program conducted by Arctic Star.

During October 12-22, 2011, Arctic Star, conducted a brief field program on the CAP Property. The 2011 exploration consisted of prospecting anomalies identified by the September 2011, high-resolution magnetic and radiometric airborne survey. A total of nine rock and 195 soil samples were collected from the property. The primary objective was to evaluate the potential for carbonatite-related mineral deposits. The most relevant rock grab sample from the 2011 exploration, sample 79831, contained 773.4 ppm TREE and 0.27% Nb2O5. Preliminary mineralogical work by Millonig in 2013 indicates the niobium-bearing sample is a syenite rock which has been deformed and hydrothermally altered by CO2- and F- rich fluids, and that pyrochlore is the only niobium-bearing mineral present.

Prospecting and sampling conducted thus far has covered only a small portion of the property, as a large portion of the central high-intensity magnetic anomaly is covered by vegetation and overburden; therefore, further work is required to adequately assess its potential.

The CAP Property is considered an early-stage exploration property and is under-explored for carbonatite-hosted mineral deposits and of sufficient merit to warrant further exploration. Further exploration, consisting of two phases, should include: phase I) detailed mapping and sampling, for an estimated $200,000. Contingent on the success of the first phase of exploration, Phase II exploration would consist of up to 2,500 m of diamond drilling.