������������� ������������������������������� ���������������

�����������������

�������������������

���������������

����������������

���������� ��

������� �������������� ������� ���������� �������� �������������!"��#���

��$��������

%��������&���

'��(�����

�)���#

������������� �����������������*�������

'�������#�+����,���������-������������������ .��'� '*'� ���� ������ "�#����#�� + ��� �����������������

�������'���

��������

�����

����� �� � �������� ���

�����

������� �� ���

✔

✔

✔

001M/13/0902

7th Year Assessment Report

(Property Visit with Goldstream Exploration Ltd)

On the

Little River Property

Bay d'Espoir, South Coast Newfoundland

Licence #012467M,NTS 1M113

Zone 21Newfoundland and Labrador

Submitted by:

David Hicks

NOVEMBER 2013

Table of Contents

Page

Introduction 3

Location and Access 3

Previous Work 6

Geology and Mineralization 8

Prospecting, 2012 9

Conclusion and Recommendations 9

References 15

List of Maps

Property Location - Newfoundland Map 4Claims Location Map 5Sample Location Map 6

List of Appendices

Appendix 1. Sample Types and Locations 10Appendix 2. Assay Certificates 11Appendix 3. Personnel and man-days 12Appendix 4. Statement of Expenditures 13Appendix 5. Goldstream Exploration Ltd Memorandum 14

7

Introduction

The Little River property consists of 30 claims in one licence #12467M. Theproperty was staked to evaluate the gold potential of the Little Riverproperty, Bay d'Espoir area, southern Newfoundland.

Previous gold exploration on the property was conducted mainly byWestfield Minerals Limited during the period of 1984 to 1988. An extensivesoil geochemical survey, followed by excavation of approximately 100trenches, led to the discovery of numerous gold occurrences. Drilling onseveral of the occurrences led to definition of two significant prospects, the"Wolf Pond" and "22 West" Zones, and identified several other prospectivetargets within the Little River Member. During 1996, Vulcan Minerals Inc.staked the Little River property and optioned the property to NortecVentures Corp. in 2003.

The claims staked, covers Westfield's two main prospects known as WolfPond and 22 West Zones.

Location and Access

The property is located east of Bay d'Espoir in southcentral Newfoundland.The project area is approximately 18-23 kilometres east of St. Alban's andMilltown/Head of Bay d'Espoir.

Access to the claims can be gained from routes 360 and 361. Forestry roadstraverse the property making access by foot or ATV quite easy.

The topography consists of boggy terrain with northeasterly trending glacialridges of low to moderate relief. Northeast-trending linear ponds arecommon throughout the property.

3

Figure 1. Location And Newfoundland Geology

a ahUM3EN ZOr*E

rn

OF/ -

CVO4d b .4 - -

tfOUUNAGE

Z NE-

O

GANOER ZONE

I

AVALON TOME

I<fl arc

Uttle RiverProperty

(4a VIU

.1121: s :

5I:i., 2121.:t .,Ib

OUNHAf4E ZONE

2?tIIAP1 TO EItJ.ffiUIt44,:1V ,214s12; 44$ t-- -1$2112

CMO$. ¶0 OflDOICI&$

OANDE$1 ZONE

VflI*$ TO O01.,t.2Cft4,U1t+.fl21 l$a,rW:-.

11)-121W 4112*

HUMER ZONE

TO Od0AAo1rccprnc1X.4 VY,l4r 2121CC 'OC. A.'nc.U,adn-t4a?$ 11O.

fl4 Ptftft,traa: kV4ntxv, .11212.21. -4t.Utft 21.CI 44444 CIII VIWS21I.41$14 :214214-21

U. tsir.prtsj 21.39I4YV II.412lI--:12.S

1242.13 5124' - 11 5441 IIII2II. .11241212143-v -.

SI *,4 I4

Cr' 2.421?*,k4 s12 I12I 4

AVALON ZONE

III TO1244.24.1.12 4.141 . 3?' 134*. 41-

PNOTPOZOl WI

Ma, 21443,1221.521424451121. 4t4'4 12.2112112-4474

1212$ 21.4 2144:4,7121 ,:k24.4h,L

5

Little River (1M113) (Fig. 2)

Previous Work

Nalco initiated exploration in the Little River in the 1950's. Since that time,during the mid- 1980's, exploration activities by Noranda, WestfieldMinerals, Energold Inc. and others have led to numerous significant basemetal and precious metal discoveries. These discoveries were the result oflarge-scale reconnaissance geological mapping, geochemical soil surveysand airborne magnetic-electromagnetic surveys completed during the 1970'sand 1980's. With the results of these surveys, along with trenching, anddrilling, has led to the discovery of two significant gold prospects, the WolfPond and 22 West, as well as numerous other indications of gold depositionsuch as 38 West. The results also led previous workers to believe the Isle

6

Galet formation of the bay d'Espoir group to be the most favourable horizonto host an economic deposit. This does not, however, discount otherformations within the group, such as the riches Island Formation, fromhaving economical potential.

The more encouraging results along the little River mineralized belt lie withlicense #12467M and previous Energold Inc. claims. Exploration drill holesand trenching have returned the following results:

WOLF POND ZONE - DDH86-06- DDH87-04- DDH87-06- DDH87-09- DDH88-18- DDH88-19- Trench 20

6.70 g/t Au over 1.5m5.90 glt Au over 2.3m5.94 g/t Au over 1.5m2.38 g/t Au over 8.2m5.44 glt Au over 2.Sm2.46 g/t Au over 2.4m5.47 glt Au over 3.5m

22 WEST ZONE

38 WEST ZONE

- DDH88-08- DDH88-17

+

- DDH88-22- Trench 78- Trench 112- Trench 113- Trench 114

- Trench 83

- Trench 86

3.80 glt Au over 2.2m4.90 g/t Au over 2.5m2.02 % Sb10.2 g/t Au over 0.Sm3.76 g/t Au over 4.lm3.76 g/t Au over 1.Sm3.44 g/t Au over 2.Sm4.80 g/t Au over 1.Om

5.12 glt Au over 1 . 2m3.50 glt Au over 2.6m2.88 g/t Au over 1.5m

7

Regional and Economic Geology and Mineralization

The Bay d'Espoir area lies with the northeastern section of the HermitageFlexure and within the southeast quadrant of the Gander Zone of theNewfoundland Central (Paleozioc Mobile) Mineral Belt. In the immediatearea three major units are evident. These units include the Little PassageGneisses, the mid-Paleozioc granitoids intrusive and the Bay d'Espoir group.Mainly Lower-Middle Ordovician metavolcanic and metasedimentary rocksof the Bay d'Espoir Group underlie the area.This group is subdivided into five formations: North Steady Pond, IsleGalet, Riches Island, St. Josephs Cove and Salmon River Dam.The regional strike is northeast. However, on a broader scale the Bayd'Espoir group is a part of a long Z-shape configuration of rock units alongthe south coast of Newfoundland known as the Hermitage Flexture. Alongthe flexure the rocks have been metamorphosed to varying degrees andintruded by a variety of granitoids.Mineralization occurs as two types in the Bay d'Espoir Group:

1) As strata bound sulphide rich horizons associated with the volcanicrocks of the Isle Galet formation.

2) As epithermal-type mineralization possibly to the mid-Paleoziocgranitoids intrusive.

The Isle Galet formation is also thought to be equivalent to the Lower-Middle Ordovician strata of the Gander Zone, host to the Hope Brook GoldDeposit. The structural style and mineralogy of gold mineralization betweenthe two areas are strikingly similar. The Hope Brook deposit, mined by

Royal Oaks Mines Ltd., produced reserves of over 12,700,000 tonne grading0.13 oz/ton gold.

Regional lake sediment geochemistry in the Little River area also showshighly elevated arsenic, antimony and gold values. Antimony and Arsenicare important indicator elements, which are commonly associated with gold.

8

Prospecting

In 2012, a site visit was scheduled with Richard Kilpatrick (President) andPaul Dunbar (Vice-President) of Goldstream Exploration Ltd, a 100%subsidiary of Goldstream Minerals ("Goldstrearn") and Darrin Hicks(Prospector and part property owner). The purpose of this trip was topromote the property, travelling to significant showings and to haveGoldstream Exploration Ltd obtain independent grab samples to verify thepresence of mineralization.

The property was accessed by vehicle, by foot, and by an ATV. Basicprospecting methods were used to collected samples for assay from outcropand existing trenches.

I collected four samples, that were analyzed using geo--chernical analysis atEastern Analytical Limited, Springdale, NL and 4 samples were collected byGoldstream Exploration and analyzed using geo-chemical analysis atActivation Laboratories in Ancaster, Ontario.

View Appendix 2 for assay results from my samples.

A detail report from Goldstream Exploration Ltd is found in Appendix 5

Conclusion and Recommendations

The geochemical sampling and prospecting performed on The Little Riverproperty did return anomalous Au. in samples 12128 (1825ppb) andGoldstream's sample LR 22 Wi (19.8 g/ton) and anomalous Sb in samples12130 (1.84%) and Goldstream's sample LR WP1 (0.99%) and LR WP2(1.13%). Arsenic was elevated in most samples.

It is recommended that further work is required to find new Au zones and toexamine the drill logs for gold and resample where Sb was> 10,000 ppb andnot ore graded.

Past property owners recommended further drilling in the Wolf Pond and 22West Zones to test extensions of the zones. Drilling is also recommended intrenched areas with no drilling to date such as the 38 West Zone. This workwould have to perform by a junior exploration company.

9

Appendix 1

List of Samples

Sample# UTM Coordinates (Zone 21) Description

12127 Little River 5305450N, 604974E Rock-Outcrop12128 Little River 5305586N, 60501 1E Rock-Outcrop12129 Little River 5305554N, 604977E Rock-Outcrop12130 Little River 5308070N, 607392E Rock-Outcrop

10

APPENDIX 2

11

Assay CertificateClient: David HicksGeologist: Eastern Analytical LimitedProject: P0. Box 187Sample: Rock

Springdale, NLDskFile: 141-1204419 A0J 110

Dateln: November 21 2012 Phone: 709-673-3909DateOut: November 28, 2012 Fax: 709-673-3408

Email:easternanalytical©nfaibn.com

SAMPLE SbNUMBER %

Signed by:____________________Graham Smith

1 of 1

Blank 000Std CD-i 35012130 1.84

Au Fire Assay/ICP Geochemistry CertificateClient: David HicksGeologist: Eastern Analytical LimitedProject: P.O. Box 187Sam pie: Rock Little Bay Road

Springdale, NLDskFile: 141-1204361 AOJ iTO

DateIn: November 21, 2012 Phone: 709-673-3909DateOut: November 27, 2012 Fax: 709-673-3408

Email:easternanalytical@nf.aibn.com

SampleNumber

Blank - AuStd - GS - 9ABlankLKSD-2-STD121271212812128 Dup - P1212912130121312 132121331213412134 A12135121 35 A12136 A - Dup - C

Auppb

59935

5161818252393455555555

1 of 1

Signed by:________________________

(Concentrations in assay rangemay cause interferences inassociated elements.)

Ce Sr Ba Fe P Hg Mg As V Na Mo Al Be Ca Zn Cu Sb Ag Pb Bi Ti Cd Co Ni W La K Mn Sn Crppm ppm ppm % % ppm % ppm ppm % ppm % ppm % ppm ppm ppm ppm ppm ppm % ppm ppm ppm ppm ppm % ppm ppm ppm

10 1 10 0.01 0.01 1 0.01 5 1 0.01 1 0.01 0.5 0.01 1 1 5 0.2 2 2 0.01 0.5 1 1 10 10 0.01 5 20 1140 16 171 2.93 0.11 1 0.51 8 32 0.02 1 1.21 0.6 0.47 178 33 5 0.8 31 2 0.04 1.9 15 16 10 33 0.15 1482 20 23

21 1 21 2.80 0.02 1 0.72 5 30 0.19 3 1.41 0.5 0.07 53 11 5 0.2 7 2 0.05 1.1 5 4 10 10 0.17 388 20 12259 2 151 5.59 0.12 1 1.07 607 175 0.24 1 1.80 0.6 0.25 79 14 9 0.2 5 2 0.07 2.3 17 1 10 10 0.43 779 20 4861 2 154 5.57 0.12 1 1.07 603 173 0.25 1 1.80 0.6 0.25 80 14 9 0.2 6 2 0.07 2.4 17 1 10 10 0.43 791 20 4835 2 10 4.70 0.09 1 0.49 >2200 58 0.21 1 0.88 0.5 0.21 40 21 19 0.2 9 2 0.04 1.8 36 1 10 10 0.02 465 20 8610 1 14 1.33 0.01 1 0.14 133 5 0.16 1 0.25 0.5 0.01 18 1 >440 0.2 186 2 0.01 2.8 3 2 10 10 0.04 156 20 20437 7 19 3.08 0.05 1 0.79 11 37 0.22 1 1.45 0.5 0.28 54 25 24 0.2 2 2 0.07 1.3 10 6 10 10 0.10 547 20 6210 5 10 2.50 0.01 1 0.60 5 39 0.34 5 0.83 0.5 0.26 19 261 28 0.2 3 2 0.02 1.1 18 7 10 10 0.02 147 20 11910 1 10 0.09 0.02 1 0.53 5 1 0.25 1 0.20 0.5 0.24 2 2 5 0.2 2 2 0.01 0.5 2 2 10 10 0.01 53 20 1418 19 16 2.03 0.03 1 0.73 10 39 0.18 1 1.14 0.5 0.40 40 29 5 0.2 2 2 0.03 0.8 12 12 10 10 0.08 258 20 8310 31 14 1.44 0.02 1 0.47 8 25 0.21 1 0.93 0.5 0.82 32 32 5 0.2 4 2 0.02 0.6 9 8 10 10 0.08 207 20 10049 10 24 3.82 0.06 1 1.75 5 73 0.19 1 2.05 0.5 0.30 73 41 5 0.2 2 2 0.10 1.6 17 13 10 10 0.08 495 20 6335 8 18 3.97 0.06 1 1.33 5 79 0.24 1 1.81 0.5 0.24 76 51 5 0.2 2 2 0.09 1.7 15 9 10 10 0.06 503 20 6834 7 17 4.11 0.06 1 1.38 5 81 0.21 1 1.82 0.5 0.24 77 52 5 0.2 2 2 0.08 1.8 16 9 10 10 0.06 511 20 70

APPENDIX 3

Personnel and man-days

NAME RESIDENCE DAILY RATE WORK DAYS

Darrin Hicks Milltown, NL $100.00 1

David Hicks GFW, NL $100.00 4

Richard Kilpatrick Toronto, ON $350.00 7

Paul Dunbar Toronto, On $350.00 7

12

APPENDIX 4

Statement of Expenditures

Prospecting/Travel (David) 3 days @ $1 00.00/dayProspecting (Darrin) 1 days @ $ 100.00/dayProspecting/Travel (Richard) 5 days @ $350.00/dayProspecting/Travel (Paul) 5 days @ $350.00/day

Report Preparation (David) 2 days @ $1 00.00/dayReport Preparation (Paul) 3 days @ $350.00/dayReport Preparation (Richard) 1 days @ $350.00/day

Analytical Charges(David) 4 rock @ $34.00/sample1 ore grade @ 21.00

Shipping Cost

Truck Expense (David)Truck Expense (Darrin)

3 days @ $50/day1 days@ $50/day

ATV Expense (David)ATV Expense (Darrin)

Fuel ExpenseMeals (David)Meals (Darrin)

1 days@ $50/day1 days@ $50/day

3 days@ $30.001 days@ $30.00

Goldstrearn Expenses (See Appendix 5)

SubtotalOverhead 15%TOTAL

$300.00$100.00

$1750.00$1750.00

$200.00$1050.00

$350.00

$136.00$21.00

$15.35

$150.00$50.00

$50.00$50.00

$100.00$90.00$30.00

$4216.46

$10408.81$1561.32

$11970.13

13

APPENDIX 5

14

Memorandum

GOLDSTREAM EXPLORATION LTD

To: Richard Kilpatrick, President

From: Paul Dunbar, V.P. Exploration

Copied: Darren Hicks and David Hicks

Date: October 4, 2013

Subject: Little River Gold Property, Newfoundland: Site Visit Report

Introduction

Richard Kilpatrick (President) and Paul Dunbar (Vice-President) of Goldstream Exploration

Ltd, a 100% subsidiary of Goldstream Minerals ("Goldstream"), completed a field visit to the

Little River Gold Property in Newfoundland from November 3, 2012 to November 7, 2012. This

tour was provided by David Hicks, the registered owner of the claims. These claims were under

option agreement to Brea Resources Corp ("Brea"), now Goldstream, in 2012.

The purpose of this trip was to visit the property, take independent grab samples to verify the

presence of mineralization and determine if Goldstream would either continue or terminate the

option agreement on this property. An itinerary schedule of the property visit is presented

below.

PROPERTY VISIT SCHEDULE

Date Activity

November 3, 2012 Fly to St. Johns, Newfoundland (overnight)

November 4, 2012 Drive from St. Johns to St. Albans, Meeting with Hicks Brothers

November 5, 2012 Property Visit

November 6, 2012 Property Visit, Drive back to St. Johns (overnight)

November 7, 2012 Fly back home

1

The total cost of this site visit was $4,216.46 including flights, vehicle rental, meals and

accommodation (see Appendix 1 for cost breakdown).

Property Location

The Little River Gold Property consists of 30 claims located in Southern Newfoundland

(NTS1M/13) within the Coast of Bays area approximately 15 km east of Militown which

provides services for the area (see Figures 1 and 2). This property is comprised of one Mineral

License number 012467M and covers an area of 750 ha and was issued by the Mines and

Energy, Department of Natural Resources, Government of Newfoundland and Labrador on

7/09/2006.

National Instrument 43-101 Report

All information regarding claims status, geology, previous exploration work and mineralized

showings have been summarized in a NI 43-101 report prepared by Gwnva Resources

Management Inc (Technical Report GRM-1 1/100) dated March 25, 2011. The reader should

refer to this document for all technical background regarding the property.

Field Visit

On November 5th and 6t1, Goldstream toured the 22 West Zone and Wolf Pond Zone gold

showings located west and east of highway 360, respectively (see Figure 3). A total of four grab

samples were collected and submitted to Activation Laboratories. These samples were analyzed

for gold (1A3-50) and multi-elements (1E3) including silver, antimony, copper, lead, zinc and

arsenic. The assay certificates are presented in Appendix 2 at the end of this report. Results are

discussed below. Collars and trenches were located using a UPS instrument (Projection 1983

CSRS).

22 West Zone Showing

The 22 West showing has reportedly returned best trench assays of 4.8 g/t Au over a length of

1.0 m (Trench 87-114) and a best drill hole intersections ranging from 3.8 g/t (hole 88-08), 4.9

g/t Au (hole 88-17), 4.0 g/t Au (88-21) and 10.2 g/t Au (hole 88-22) over core lengths of 2.0 m,

2.5 m, 1.5 m and 0.5 m, respectively (see Figure 4).

2

FIGURE 1- LITTLE RIVER GOLD PROPERTY LOCATION MAP

FIGURE 2- LITTLE RIVER GOLD PROPERTY CLAIM MAP

Newfound rnd and LabradorDepartment o Natura' Resources

Minera ands DivisionP0. Box 8700, St. Johns, NL, AlP 4J6

\ // /1 '

Signing AuthorityData: Thursday, eptcmber 07, 2006

4

FIGURE 3-22 WEST ZONE AND WOLF POND ZONE: VISITED BY GOLDSTREAM

-

•

-. Jipujijkuei - 'iTr2WtXF

-- KuespemP i l P k

/? - 1' - - . irl WOLF ,

-rovinc a ar 1

- Goldslream Samples-- - Tr4-LRtiP1-0 lBg/lAu

-. LR2 - 0 02 gIl Au

Tr ,ObOE 10125

-

Tr5 27B258T4Lrl

-- - -

:DDilsB2:NE\ : - Legend

LTr

-

- -

Tr8 -

-. A_.-,

-

- Paul GPS Poutts

Goldstream Samples p- Ov,heO Powerime- - - Tr5 - LR22W1 -598 gtAu

Tr6- LR22W2- 1 749IAuJ - Rivars

- - --INTS-001M13

1300 OO 0 1O0 Meters Date August 8.2013

5

FIGURE 4- LITTLE RIVER PROPERTY MP4ERAL OCCURANCES

Here, gold occurs in stockwork quartz-carbonate veins hosted within silicified volcanic tuffs or

tuffaceous sedimentary rocks. Mineralization consists of arsenopyrite, stibnite and pyrrhotite.

This mineralized zone occurs in highland areas surrounded by swamp bog where seven (7) of the

ten (10) parallel historical trenches were located, the old exploration grid was confirnìed (ie

L1O100E, station 10125N) and drill hole collars 88-22 and 88-30 (?) were located (see Figure 3).

Goldstream collected two grab samples from the showing. Sample LR22W1 taken from trench 5

returned 19.8 g/t Au, 0.50 ppm Ag and 92 ppm Sb from a quartz, low sulphide intermediate to

felsic volcanic rock (Table 1, Figure 3). The arsenic concentration was high, >10,000 ppm As,

probably contributed by the presence of arsenopyrite.

TABLE 1- GOLDSTREAM SAMPLES - BEST ASSAY RESULTS

Au Ag Sb As Cu Pb Zn_____________

Sample No._________

Showing g/tonne ppm ppm ppm ppm ppm ppmLR 22 Wi 22 West 19.80 0.50 92 >10,000 12 11 55LR22W2 1.74 <0.2 52 4,440 10 16 74LR WP1

_________

Wolf Pond 0.18 <0.2 9,940 104 22 97 27

LR WP2 ___________<0.02 <0.2 11,300 12 44 <2 68

Sample LR22W2 returned 1.74 g/t Au and 52 ppm Sb with still relatively high arsenic

concentrations (4,440 ppm As) from trench 6 (Table 1, Figure 3). This sample of biotite schist

was very oxidized hosted and contained low sulphide content (trace pyrite). Historical sample

20330 located nearby reportedly contained around 5.0 g/t Au.

None of the samples contained any significant concentrations of Cu, Pb and Zn nor did they

contain mercury.

Wolf Pond Zone

This zone is located between Wolf Pond and Very Small Pond and occurs predominantly in a wet

floating bog. One drill hole collar was located north of Wolf Pond, the exploration grid was

reviewed and three trenches (trenches 1, 2 and 4) and one excavated pit were visited. Here,

gold-arsenic-antimony mineralization occurs in quartz-carbonate veins that cross-cut

intermediate and sericitic felsic tuff rocks. Sulphides consist predominately of disseminated

pyrrhotite, arsenopyrite, stibnite not exceeding 10 modal percent. Historical drilling tested the

7

zone for a strike length of 400 m to a vertical depth of 125 m which strikes 0300 to 0400 down

the middle of Wolf Pond. The zone ranges from 1.0 to 4.5 wide and is only exposed on surface

within outcrops located between Wolf Pond and Very Small Pond where Goldstream collected

two grab samples (Figure 3).

Goldstream grab sample LRWP1 was obtained from a 30-3 5 cm wide grey quartz vein

containing arsenopyrite striking at 254° and dipping 85° south in Trench 4. The vein is very

oxidized, contains a lot of sericite, some arsenopyrite and stibnite (?) and is hosted in a silicified

felsic volcanic rock. This sample returned 0.18 g/t Au and 9,940 ppm Sb with elevated arsenic

concentrations of 104 ppm (Table 1).

A second sample LRWP2 of the host rock was also collected from trench 4 and consisted of a

very oxidized silicified felsic volcanic rock with quartz rich sections and visible stibnite and

arsenopyrite. Assaying returned no gold values but 11,300 ppm Sb (Table 1).

None of the samples contained significant Cu, Pb, Zn or any mercury.

Conclusions

The 22 West Zone contained the best gold assay returns and Wolf Pond the highest antimony

concentration. However, Goldstream concludes that this project is still very much at a grass

roots exploration stage requiring considerable exploration expenditures over a 2-3 year period to

properly evaluate the gold potential of the Little River Property. Adding to the exploration costs

is the remote location of the property and the requirement to drill only in the winter months when

the ground is frozen due to extensive wet floating bogs surrounding and often overlying the

zones of mineralization.

Goldstrearn informed the Hicks brother that they were dropping the option agreement on the

property shortly after the field visit.

Sincerely,

Paul Dunbar

Vice-President of Exploration

Goldstream Exploration Ltd.

8

APPENDIX 1

EXPENDITURE STATMENT

Description Meals Hotel Travel Gas Assay HST Total amountHchrk Kptrick expenses (Nov 2012)

NFLD Lunch

________

16.28

__________ __________ ________ ________ ________

2.12

________________

18.40

NFLD Coffee Break 5.18

_________

_________

_________ _______ _______

0.67 5.85

Airline Food 20.00

_________ _______ _______

2.60 22.60

NFLD Supper 134.35

________ ________ _______ _______

17.46 151.81

NFLD Coffee Break 3.44

_________ _________ _______ _______

0.45 3.89

NFLD Breakfast 26.55

_________ _________ _______ _______

3.45 30.00

NFLD Supper 115.04

_________ _________ _______ _______

14.96 130.00

NFLD Supper 108.66

_________ _________ _______ _______

14.13 122.79

NFLD Supper 103.81

_________ _________ _______ _______

13.49 117.30

NFLD Lunch 46.11

_________ _________ _______ _______

5.99 52.10

NFLD Car Rental_______

________

_________

________

383.77

_______ _______

49.89 433.66

NFLD Gas_______ _________

_______

91.81

_______

11.94 103.75

NFLD Gas_______

_________

91.57

_______

11.90 103.47Airline Food

________ ________ _______

12.25 1.59 13.84

Airport Food 21.01 2.73 23.74

NFLD Breakfast 42.17

_________ _________ _______ _______

5.48 47.65

Quality Inn NFLD

________

149.30

________ _______ _______

19.41 168.71

Courtyard Marriott NFLD

_______

163.22

_________ _______ _______

21.22 184.44_______ _________ _______ _______

Paul Dunbar expenses (Nov 9 expense report - personal)_______ _________ _________ ________ _______ _______ ______________

Oreillys Iris Pub - drinks 26.67_________ ________

2.82 29.49

Tim Hortons - coffee in Gander Newfoundland 3.44________

_______ _______

0.45 3.89

St Albans Clover Farm - groceries 11.44

________ _______ _______

0.85 12.29

Walmart - map of Newfoundland 5.95

________ ________ _______ _______

0.77 6.72

Taxi from Comfort Inn to Airport (St. Johns)_______

________ ________

20.00

_______ _______

20.00

Shuttle from Halifax airport to hotel tip, Nova Scotia_______

________

5.00

_______ _______ _______

5.00

Garden Inn Hotel room tip

________

5.00

_______ _______ _______

5.00

Halifax hotel shuttle tip to airport

_______

_______5.00

_________ _______ _______ _______

5.00

Room tip hotel in St. Johns (Mariotte Hotel)_______

5.00

_________ _______ ________ _______

5.00

Comfort Inn hotel room tip in St. Johns_______

5.00

_________ _______ _______ _______

5.00Misc - Parking in PEI

_________ _______ _______ _______

10

2.50 2.50

Paul Dunbar expenses (Oct 26 - Nov 19 -BMO Mastercard)

HILTON-ROOM

_______

_______

_________

165.57

_________

________

_______

_______

________

_______

_______

21.27

______________

186.84

MARRIOT-ROOM_______

193.68________

20.67 214.35

MARRIOT-ROOM-RICHARD_______

208.77________

_______ _______

20.67 229.44

DU DROP IN-ROOM RICHARD/PAUL_______

319.80________

_______

_______

_______

_______41.57 361.37

QUALITY HOTEL-ROOM,PAUL_______

120.50________

15.21 135.71

REST IN GANDER-MEAL PAUL/RICHARD 28.53________

_______ _______

3.18 31.71

AIR FARE FOR PAUL NOV 2,EXIT ROW_______ _________

________

1,045.25

_______ _______

55.86 1,101.11_______ _______

INVOICE____________________

Actlabs (Invoice A12-12756)_______ _________ _________

108 14.04 122.04_______

Total Expenses for NFLD trip 730.87 1,340.84 1,456.52 183.38 108.00 396.85 4,216.46

11

APPENDIX 2

ACTLABS ASSAY CERTIFICATE

12

Quality Analysis. Innovative Technologies

Date Submitted: 14-Nov-12

Invoice No.: Al 2-12756

Invoice Date: 27-Nov-12

Your Reference: Little River

Goldstream Exploration

141 Adelaide StreetSuite 1510Toronto ON M5H 3L5Canada

ATTN: Paul Dunbar

CERTIFICATE OF ANALYSIS

4 Rock samples were submitted for analysis.

The following analytical packages were requested:

REPORT A12-12756

Code 1A3-50-Geraldton Au - Fire Assay GravimetricCode 1 E3-Tbay Aqua Regia ICP(AQUAGEO)

This report may be reproduced without our consent. If only selected portions of the report are reproduced, permissionmust be obtained. If no instructions were given at time of sample submittal regarding excess material, it will bediscarded within 90 days of this report. Our liability is limited solely to the analytical cost of these analyses. Test resultsare representative only of material submitted for analysis.

Notes:Values which exceed the upper limit should be assayed for accurate numbers. CERTIFIED BY:

Emmanuel Eseme Ph.D.

Quality ControlSCC ACcreciitd

LAB 266

ACTIVATION LABORATORIES LTD. 01336 Sanrihill Drive, Ancasler, Ontano Canada L90 4V5 TELEPHONE *1.905.648.9611 or+1.888.228.5227 FAX *1.905.648.9613 LAB 266

E-MAIL Ancaster@actlabs.cOm ACTLABS GROUP WEBSITE www.actlabs.com Accrédlté CCN

Activation Laboratories Ltd. Report: Al 2-I 2756Analyte Symbol Au Ag US Uu Mn Mo N VS Ln Al AS S ba 00 SI U LO US re Ua rig N <S

Unit Symbol gllonne ppm ppm ppm ppm ppmmm ppm ppm ppm 13 ppm ppm ppmmm ppm ppm 13 ppm ppm 13 ppm ppm 13 ppm

Detection Limit 002 02 05 I 5 1 1 2 2 001 2 10 10 05 2 0 01 I I 0.01 10 1 001 10

Analysis Method FA GRA AR lOP AR lOP AR ICP AR lOP AR ICP AR lOP AR OP AR lOP AR lOP AR ICP AR lOP AR OP AR lOP AR lOP ARlCP AR-lOP AR lOP AR lOP AR-ICP AR ICP AR lOP AR lOP

LR 22 WI 196 05 <05 12 1560 I 3 Il 55 126 010000 <10 23 <05 <2 055 23 2 624 <10 <1 0.10 21

LR 22042 174 <02 <05 10 603 <1 2 16 74 145 4440 <10 25 <05 <2 037 15 2 576 <10 <1 0.16 16

LR WP1 0.15 <02 2 3 22 201 2 9 57 27 046 104 0 10 40 0 0 5 <2 005 2 5 I 66 0 10 < I 0 10 < 10

LRWP2 <002 <02 <05 44 766 <1 12 <2 60 150 12 <10 15 <05 <2 018 7 22 306 <10 <I 016 10

1 20

1 34

024

0 66

Page 2 of 5

Activation Laboratories Ltd. Report: A12-12756Analyte Symbol Re F S Sb Sc Sr T Ic I U V W V Zr

Unit Symbol PPrr pprrr pprrr pper 97cr pprrr pprrr ppnr pprrr pprrr

Detection Limit 5 001 5 001 5 SI 2 1 1 5 SI 1 2 IS I IS 1 I

Analysis Method AR CF AR CF AR CF AR CF AR lOP AR ICF AR CF AR ICF AR ICF AR CF AR ICF AR CF AR CF AR ICF

LR 22 WI 5 588 5S94 I 87 92 21

LR22W2 0101 0108 147 52 25

LR WF1 SS27 SSS2 072 9940 I

LRWF2 0065 0.004 094 11300 <I

18 5 55 c I c 2 c 10 181 31 15 22

7 555 cl <2 <1S 154 <IS 13 17

2 SS2 <1 <2 <IS 13 <IS 3 <I

13 <001 <I <2 <IS 21 <10 9 <1

Page 3of5

Activation Laboratories Ltd. Report: Al 2-12756lity Control

Vte Symbol ml Ag Cd Cu Mn Mo N Pb Zrr Al As B Ba Be R Ca Co Cr Fe Ga Hg K La Mg

Symbol glt000e ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ppm ^ ppro ppm ^ ppm ppm ^ ppm ^

ction Limit 0 02 0 2 0 5 I 5 1 I 2 2 SOt 2 10 10 05 2 0.01 1 I 0 01 tO I 0 01 10 0 01

psis Method FA-GRA AR (CF AR ICP AR CF AR CF AR ICP AR ICF AR ICF AR ICP AR (CF AR ICF AR ICP AR ICF AR CF AR ICF AR CF AR CF AR ICP AR ICF AR ICP AR CF AR CF AR ICF AR ICF

GXR-t Moos

GXR1 Cccl

GXR-4 Moos

GXRA CeO

GXR 6 Mean

GXR 6 CoIl

SARM (U S U S (Moos

OAR M (U S.G S (Cml

OREAS 13b (4 Ac d(Meos

OREAS 13b (4 Ac d(Colt

0XK94 Moos

0XK94 Cccl

0XK94 Meas

0XK94 Cerl

GOP 91 Moos

GoP 91 Cccl

GoP 91 Moon

OoF 91 Cccl

LR WF2 Ong

LR WF2 Spld

Method Block

Method Blank

Method Block

Method B ask

267 12 1080 795 15 33 575 633 033 367 10 181 08 1330 072 2 6 21.6 010 3 003 010 014310 330 1110 552 180 41.0 730 760 352 427 150 750 1.22 1350 0960 520 120 236 136 390 0050 700 021735 005 6330 144 321 40 40 66 265 90 010 21 1.4 15 089 13 55 314 010 Cl lOt 51 165

400 0880 6520 155 310 420 520 730 720 980 450 1640 190 190 101 146 640 309 200 0110 401 645 16804 005 68 1100 2 25 90 122 703 219 010 852 09 02 014 13 85 555 tO <1 122 12 043

130 tOO 66.0 1010 240 270 tOt 118 177 330 980 1300 140 0290 0180 138 980 559 350 00660 167 139 060935 52 322 4810 13 46 1020 980 132 36 208 It 02 035 10 100 310 010 035 57 041

364 027 331 5220 1310 4150 982 9300 6.30 388 801 220 194 061 1070 797 2.99 168 294 074 0500 9 2320 8 2290 54 53 45 470

086 23270000 90 22470000 133 07 75 8650.050

306

356

349

3 56

14 8

1482

14 8

14 820002 002 005

0002 002 000

002 005

0 0020 0020 002

44 766 01 12 02 68 150 12 010 lb <05 02 018 7 22 306 010 <1 016 10 08645 768 0 I 13 0 2 68 1 52 12 0 tO lb 0 05 02 0 18 8 22 3.12 0 10 0 1 0.16 10 0 88<1 05 Cl 01 02 02 0001 <2 <tO <tO 005 02 0001 <1 01 00.01 010 0100010100001

Page 4 of 5

Activation Laboratories Ltd. Report: Al 2-1 2756

uality Controlialyte Symbol No P S Sb Sc Sr T To TI U V W Y Zr

lit Symbol pprrr ppm % ppm ppm ppm ppmo ppm ppm pprmm

Itection Limit S 001 0001 001 2 1 I S SI 1 2 15 1 15 1 1

rtalysls Method AR OP AR lOP AR lOP ARICP AR lOP AR lOP AR OP AR lOP AR ICP AR lOP AR lOP AR-tOP AR OP AR-tOP

GXR 1 Sleos 0055 S 044 0 IS

GOR I Cert 00520 S 0650 5 251

GXR-4 Moos 0.141 S 125 1 65

GXR-4 Con 5 554 0 120 1 77

GXR 6 Moos 0 123 0035 001

GXR-6 Cent 0 104 0.0350 00160

SARM(USGS)Meos 0083 0070

OAR M (U.S GO) Cert 1.140 0070

OREAS 135 )4-Aod) 111Moos

OREAS 138 )4-Acd) 12006

OXKS4 Meas

0XK94 Cml

0XK94 Meas

OXKS4 CentGoP 91 Meas

GOP SI Cent

0<P 91 Moos

OxP 91 Cert

78 I 176 8 <2 28 74 152 23 13

122 156 275 130 0390 349 650 164 320 380

4 8 70 2 < 2 C IS 79 12 12 10

480 770 221 0970 320 620 870 306 140 186

5 27 31 C 1 s 2 C 10 173 C 10 7 6

3.60 276 350 00180 220 154 166 190 140 110

5 5 33 0 07 C I C 2 5 10 40 5 IS 24

600 7 83 151 0 2 7 0 96 288 3.57 67 20 9.78 28 00

LR WP2 0mg 0065 0004 094 11300 <1 13 <001 <1 <2 <10 21 <10 9 C

LR WP2 Opt 0065 0 004 5 94 10805 C 1 12 C 0 51 C 1 C 2 C IS 21 C 10 9 C I

MethodBamnk 5513 <0051 <551 <2 Ct <I COOl <1 <2 <10 <I <10 <1 <1

Method Blank

Method Block

Method Blank

Page 5 of 5

REFERENCES

Saunders, p., 2003: Report on Geology, Exploration History and MineralPotential of the Little River Gold Property, Southern Newfoundland,Canada. Report for Nortec Ventures Corp. 001M/13/0531

Wells, C., and Laracy, P., 2001: Report on Compilation Work andProspecting, Little River Gold Property, Newfoundland. NFLD/2835.

Larcy, P., 1998: First Year Assessment Report Little River ClaimsGroup,B ay d' Espoir Area, South Central, Newfoundland. 001 M/03 75

McHale, K.B. and McKillen, T.N., 1989c: The Little River Project, SouthCentral Newfoundland. Report of Exploration Activities, 1988. Licence2542 and 2544. Report for WestField Minerals limited. NFLD/19 19

15