03 Dec 2021

SPECTACULAR COPPER VISUALS & MASSIVE SULPHIDES AT LONE STAR

WWW.MARQUEERESOURCES.COM.AU 1 1 03 December 2021 ASX RELEASE SPECTACULAR COPPER VISUALS & MASSIVE SULPHIDES AT LONE STAR PROJECT • Thick zones of visible chalcopyrite - pyrite mineralisation intersected in diamond drill core • First diamond drill hole complete d (LS21 - 0 0 1 ) with samples at the lab on priority turn - around • Two shallow main m ineralis ed zones intersected in LS21 - 0 0 1 from : • 58. 8 m - 90.8m (193 ft - 298ft) for approximately 32 metres • 148.1 m – 169.5m (486 ft – 556ft) for approximately 21.4 metres • Hole LS21 - 002 complete with sampling ongoing , further massive sulphides observed. • T he drill rig has moved to site LS21 - 003 and has commenced collaring the third drill hole. • Fourty - two drill holes for ~ 6,000m of diamond dril ling will be completed at the Lone Star Copper - Gold Project (Figure 4) which is expected to be completed in Q1 - 2022 Marquee Resources Limited (“Marquee” or “the C ompany”) (ASX:MQR) is pleased to provide an update on diamond drilling currently being undertaken on the Lone Star Copper - Gold Project , Washington State, USA ( “Lone Star” or “ T he Project” ). The first two hole s of the approx imately ~ 6,0 00 m diamond drilling campaign ha ve been completed with the first of the samples en - route to the laboratory f or priority assaying. Figure 1 : Massive sulphide observed in diamond drillhole LS21 - 002. Core blocks represent downhole depth in feet. WWW.MARQUEERESOURCES.COM.AU 2 2 Executive Chairman Comment Marquee Executive Chairman, Mr Charles Thomas, commented : “ We are delighted with some of the spectacular core we are seeing from the first drill holes at Lone Star. It’s obviously early stages , but to see some wide zones of chalcopyrite - pyrite mineralisati on is certainly very exciting and we can’t wait to receive the first batch of assays which I have ordered to be double rushed . ” “ The drill rig is spinning around the clock so results will be coming thick and fast and o ur aim is to deliver a JORC compliant resource in the first half of 2022 . We have hit the ground running at Lone Star and it is a credit to both the Marquee and Belmont teams to be able to effectively execute th is game changing program. ” Lone Star Diamond Drilling Program Fourty - two drill holes for a pprox. 6,000m of diamond drilling will be completed at the Lone Star Copper - Gold Project ( Figure 4 ) which is expected to be completed in Q1 - 2022. The drilling program has been designed to satisfy three key objectives : - Validate the historical drill hole database and resource model ; - Deliver a JORC compliant mineral resource estimate ; and - Test for extension s to the historical resource. The first drill hole, LS21 - 001, was completed to a depth 230.1m (755ft) and was designed to validate historical high - grade intercepts in the core of the mineralised system. Two main zones of chalcopyrite - pyrite mineralisation were observed in drill core , a shallow dacite hosted Upper Z one from 58.8 - 90.8m (193 - 298ft) , and a deeper serpentinite hosted Lower Z one from 148.1 - 169.5m (486 – 556ft) . The individual zones comprise a package of massive sul ph ide veins, veinlets and disseminations. The veins are predominantly chalcopyrite and subordinate pyrite with magnetite present in the veins hosted in serpentinite. Upper Zone mineralisation in LS21 - 001 correlate s to the interpreted position of high - grade , dacite hosted copper mineralisation intersected in historical drill ing . Lower Zone serpentinite hosted mineralisation has been intersected in historical drilling 30m east of LS21 - 001 ( Figure 5 ) . No gold assays have been completed historically a djacent to LS21 - 001. LS21 - 002 was collared 13m east of LS21 - 00 1 and was drilled to a depth of 224.3m ( 736ft ) . LS21 - 002 is still currently being processed , however disseminated Upper Zone sulphide mineralisation was encountered from 48.3 m - 62.3m (158.5 ft - 204.5 ft) . Within the broader zone of mineralisation, sheared serpentinite with 70% pyrite - chalcopyrite has been observed from 54.9 m - 59.4m (180 - 195ft) (Figure 1) . While core processing is ongoing for LS21 - 002 , the drill rig has moved to site LS21 - 003 and has commenced collaring the third drill hole. WWW.MARQUEERESOURCES.COM.AU 3 3 Table 1 : Historic Intercepts from the Lone Star Deposit . N/A = not assayed for gold . Coordinates in NAD83 Zone 11. HOLE ID EASTING NORTHING ELEV DIP HOLE DEPTH (M) FROM (M) TO (M) INTERVAL (M) AU G/T CU% IC-2 382886 5428210 1116.4 -90 208.2 61.9 83.2 21.3 N/A 2.18 IC-4 382787 5428090 1114.6 -90 100.3 64.0 82.3 18.3 N/A 3.27 IC-7 382789 5428061 1115.1 -90 178.6 107.3 128.6 21.3 N/A 3.03 IC - 9 382815 5428058 1119 .6 - 90 200.3 160.3 177.1 16.8 N/A 2.01 IC-13 382787 5428032 1112.1 -90 233.5 166.1 176.8 10.7 N/A 3.73 L81-3 382789 5428092 1114.7 -90 91.4 68.9 83.2 14.3 1.06 3.01 K-9 382736 5428244 1079.6 -90 27.4 6.1 13.7 7.6 1.70 4.05 K-13 382754 5428281 1092.4 -90 43.9 32 36.6 4.6 2.56 2.97 G-55 382797 5428288 1099.9 -90 57.1 32.3 35.7 3.4 4.58 6.69 Figure 4 : Lone Star drill hole plan WWW.MARQUEERESOURCES.COM.AU 4 4 Figure 5 : Oblique section of drill holes LS21 - 001 to LS21 - 003 WWW.MARQUEERESOURCES.COM.AU 5 5 Figure 6 : Upper Zone mineralisation from LS21 - 001. Core blocks represent downhole depth in feet. WWW.MARQUEERESOURCES.COM.AU 6 6 Table 2 : Lone Star planned drill holes PLAN ID EASTING NORTHING ELEV AZI DIP HOLE DEPTH (M) PLAN ID EASTING NORTHING ELEV AZI DIP HOLE DEPTH (M) LS21-001 382789 5428092 1114.7 0 -90 230.1 (EOH) LS21-022 382865 5428217 1114.8 0 -90 190 LS21-002 382802 5428089 1117.3 0 -90 224.3 (EOH) LS21-023 382913 5428217 1118.6 0 -90 220 LS21-003 382797 5428051 1117.3 0 -90 210 LS21-024 382821 5428187 1110.4 0 -90 160 LS21 - 004 382778 5428302 1096.2 0 - 90 70 LS21 - 025 382856 5428187 1122.8 0 - 90 190 LS21-005 382855 5428302 1128.3 270 -68 110 LS21-026 382890 5428187 1129.6 0 -90 220 LS21-006 382855 5428302 1128.3 0 -90 110 LS21-027 382930 5428187 1136.4 0 -90 260 LS21-007 382906 5428302 1141.9 0 -90 140 LS21-028 382689 5428149 1078.5 0 -90 50 LS21-008 382778 5428272 1091.7 0 -90 85 LS21-029 382742 5428149 1096 0 -90 80 LS21-009 382823 5428272 1107 270 -80 100 LS21-030 382783 5428149 1113.9 0 -90 120 LS21-010 382823 5428272 1107 90 -80 110 LS21-031 382808 5428149 1119.8 0 -90 140 LS21-011 382906 5428272 1137.7 0 -90 140 LS21-032 382839 5428149 1124 0 -90 210 LS21-012 382705 5428243 1075.7 0 -90 60 LS21-033 382926 5428149 1139.1 0 -90 260 LS21-013 382750 5428243 1073.1 0 -90 70 LS21-034 382703 5428095 1102.3 0 -90 70 LS21-014 382782 5428243 1084.4 0 -90 80 LS21-035 382735 5428095 1108.5 0 -90 100 LS21-015 382814 5428243 1103 0 -90 90 LS21-036 382833 5428095 1121.6 0 -90 220 LS21-016 382839 5428243 1108.1 0 -90 120 LS21-037 382900 5428095 1137.3 0 -90 270 LS21 - 017 382876 5428243 1124.8 0 - 90 140 LS21 - 038 382745 5428051 1106.2 0 - 90 110 LS21-018 382695 5428217 1070.6 0 -90 50 LS21-039 382836 5428051 1124.1 0 -90 220 LS21-019 382748 5428217 1076.8 0 -90 50 LS21-040 382839 5428024 1123.7 0 -90 250 LS21-020 382788 5428217 1092.9 0 -90 70 LS21-041 382750 5428022 1104.5 0 -90 200 LS21-021 382831 5428217 1107.2 0 -90 170 LS21-042 382787 5428022 1111.8 0 -90 220 Lone Star Copper - Gold Mine (Washington State, USA) Marquee Resources Ltd recently entered into an earn - in agreement to acquire up to 80% of the Lone Star Copper - Gold Project (see MQR ASX Release dated 5 th Nov 2021). The Lone Star Property and deposit is located in Ferry County, Washington, USA. It is adjacent to Golden Dawn Minerals Inc. Lexington Property on the British Columbia side of the Canada - United States border where Golden Dawn is actively developing the Lexington - Grenoble deposit. Exploration across the Lone Star property to date includes 252 diamond and percussion drill holes for a total of 23,702 metres of drilling. The Lone Star deposit is interpreted as a series of eight shallo w to moderately dipping en - echelon overlapping zones hosted within a dacitic and minor serpentinite unit. Zones are composed of sheeted and stockwork pyrite - chalcopyrite veins, veinlets and disseminations carrying gold. The 234 - hectare Lone Star copper - go ld Project is centered on an area 40 kilometres north north - west of Republic, Washington and adjacent to the Canada - USA border. The property is 12 kilometres west south - west of Grand Forks, British Columbia and 12 kilometres south - east of Greenwood, Britis h Columbia, Canada. The claims are currently only accessible from the USA side although in the mid 1970’s an active haul road linked the Lone Star deposit north to the Phoenix Mine in Canada. WWW.MARQUEERESOURCES.COM.AU 7 7 Figure 7 : Lone Star Project Location COMPETENT PERSON STATEME NT The information in this report which relates to Exploration Results is based on information compiled by D r. James Warren , a Competent Person who is a member of the Australian Institute of Geoscientists. Dr. Warren is the Chief Technical Officer of Marq uee Resources Limited. D r . Warren has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code of Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr. Warren consents to the inclusion in this report of the matters based on the information in the form and context in which it appears. Forward Looking Statements Statements contained in this release, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of Marquee Resources Limited, are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward - looking sta tements depending on a variety of factors. This ASX Release has been approved by the Board of Directors. Charles Thomas – Executive Chairman Marquee Resources info@marqueeresources.com.au WWW.MARQUEERESOURCES.COM.AU 8 8 JORC Code, 2012 Edition – Table 1 report template Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.) Criteria JORC Code explanation Commentary Sampling techniques • Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. • In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. • Current Activity • The sampling has been carried out using HQ diamond drilling. 2 holes have been drilled as part of a 42 hole program. • Diamond drilling was used to produce half HQ core which will be submitted to the laboratory for analysis. • The information is qualitative in nature, based upon observations of contract geologists based on-site. • HQ core is processed by on-site geologists who geologically log, photograph, cut and then finally sample as per company procedure. • Historical Activity • Historical drilling was completed on the project by a number of companies from 1908 to 2006. • 169 diamond drill holes and 82 percussion drill holes have been completed for a total of 23,260m. • Core diameter from drill samples assayed for use in the resource estimate and quoted herein, from historic drilling prior to 1955 cannot be confirmed. • Diamond drill samples assayed for use in the resource estimate and quoted herein, from historic drilling between 1955-1990 was BQ (36.5mm) core diameter. • Percussion drill samples assayed for use in the resource estimate and quoted herein, from historic drilling between 1955-1990 were collected using 130-145mm face-sampling bit. • Diamond drill samples assayed for use in the resource estimate and quoted herein, from historic drilling between 1955-1990 was NQ (47.6mm) core diameter. • Sample intervals from the diamond core was whole-core sampled following logging and submitted for analysis on nominal 0.5m intervals WWW.MARQUEERESOURCES.COM.AU 9 9 Criteria JORC Code explanation Commentary or as defined by geological boundaries determined by the logging geologist. • Sample intervals from percussion drilling were sampled on nominal 1ft (0.305m) intervals, in some cases sample compositing has been undertaken. • Pre-2006 various laboratories and analysis techniques were used and the company is currently in the process of collating all this data. • In 2006, Merit Mining Corp. conducted an 11 hole, 834m diamond drilling program to verify historic drilling. • Merit’s geologist conducted an industry compliant program of geological and geotechnical logging, photography, density measurements and core sampling. • In areas of porphyry copper style mineralization, sampling intervals were determined by general chalcopyrite abundance. Samples were generally between 1 and 2 metres long. • Sampling below the porphyry section, within and around the Lone Star mineralized zones of the Lone Star deposit, was normally done at 0.5 metre intervals but varied depending on similar mineralization characteristics or lithology. • The core was cut in half, bisecting fabric or vein material evenly, with half of the core returned to the core tray and the other half sent to Eco- Tech Laboratory Ltd. of Kamloops, British Columbia • Samples were crushed in their entirety to pass -6 mesh, the crushed sample was then split in half with half of the sample was stored for Acid Base Accounting or metallurgical testing and the other half was further crushed to pass -10 mesh. 250 g sub-sample was taken from the -10 mesh material and pulverized to pass -100 mesh. A 30 g sample was taken from the -100 mesh material and Fire Assayed (FA) with an Atomic Absorption (AA) finish for gold. A 15 g sample was also taken from the -100 mesh material for 28 element ICP analysis. Selective samples were requested for screen metallic assay to determine the degree of coarse gold present and as a secondary check on samples with greater than 3 g/t gold. Eco-Tech Laboratory WWW.MARQUEERESOURCES.COM.AU 10 10 Criteria JORC Code explanation Commentary Ltd. inserted its suite of standards for QC purposes. Individual sample batches were subjected to 10 - 65% repeats (average 30%), 2 - 4% re - splits and 3 - 5% internal standards. Drilling techniques • Drill type (eg core, reverse circulation, open - hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face - sampling bit or other type, whether core is oriented and if s o, by what method, etc). • Current Activity • HQ diamond drilling was completed by Falcon Drilling INC. of Nevada. • Historical Activity • Diamond drilling and percussion drilling techniques with 169 diamond drill holes and 82 percussion completed for a total of 23,260m. • Historical drilling was completed on the project by a number of companies from 1908 to 2006. Year Diamond Drill Holes Percussion Drill Holes Total Metres Company 1908 K-1 to K-25 N/A 1,190 Uknown 1954 LS-1 to LS-28 (underground) N/A 828 Attwood 1955 G-1 to G-56 N/A 2,679 Granby 1970-1971 IC-1 to IC-24 N/A 5,435 Israel 1973 N/A P-1 to P-13 1,164 Granby- Coastal 1974 N/A CG-1 to CG-4 1,164 Granby- Coastal 1975 CG-5 to CG-10 N/A 688 Granby 1981 3 LP-1 to LP-14 1,653 Azure 1982 2 LP-15 to LP-49 3,732 Azure 1985 N/A LP-50 to LP-65 1,654 Azure 1989 LS-1 to LS-8 N/A 2,091 US Borax 1990 LS-9 to LS-15 N/A 1,017 Kennecott WWW.MARQUEERESOURCES.COM.AU 11 11 Criteria JORC Code explanation Commentary 2006 06MLS - 1 to 06MLS - 11 N/A 834 Merit • Core diameter from drill samples assayed for use in the resource estimate and quoted herein, from historic drilling prior to 1955 cannot be confirmed. • Diamond drill samples assayed for use in the resource estimate and quoted herein, from historic drilling between 1955-1990 was BQ (36.5mm) core diameter. • Percussion drill samples assayed for use in the resource estimate and quoted herein, from historic drilling between 1955-1990 were collected using 130-145mm face-sampling bit. • Diamond drill samples assayed for use in the resource estimate and quoted herein, from historic drilling between 1955-1990 was NQ (47.6mm) core diameter. Drill sample recovery • Method of recording and assessing core and chip sample recoveries and results assessed. • Measures taken to maximise sample recovery and ensure representative nature of the samples. • Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. • Current Activity • Drill core sample recoveries are measured and recorded in drill log sheets. • Historical Activity • Available records suggest variable core recovery from historical core. • For drilling conducted by Merit in 2006, Core recoveries through both the upper IV and serpentinite units and the mineralized zones were normally >90%. Logging • Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. • The total length and percentage of the relevant intersections logged. • Current Activity • All drill holes are geologically logged by on-site geologists which includes; lithology, structure, mineralisation, alteration and veining. • Drill core logging is qualitative in natureand based upon geologists observations of drill core retained in core trays. • Historical Activity • All drillholes have been geologically logged on a basic level. All holes have complete lithology logs. Historical logs pre-2006 have been variably logged with respect to veining, alteration, mineralisation & sulphide percentage. WWW.MARQUEERESOURCES.COM.AU 12 12 Criteria JORC Code explanation Commentary • With regards to Merit drilling completed in 2006; All core logging was completed at Merit’s logging facilities in Grand Forks, British Columbia by a contract geologist. The distance between the depth markers added by the drill personnel was measured to check for misplaced markers and for lost core. All logging information was recorded on paper and subsequently transferred onto computer. Core intervals identified for sampling were marked with wax crayons, with sample tags placed at the beginning of a sample interval. Logging and sampling in 2006 was in the metric system. • The logging is quantitative in nature. Sub- sampling techniques and sample preparation • If core, whether cut or sawn and whether quarter, half or all core taken. • If non - core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub - sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is represent ative of the in situ material collected, including for instance results for field duplicate/second - half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. • Current Activity • Selected half HQ core samples based on geology and sulphide occurrence will be submitted for 30 element geochemical analysis. • Historical Activity • Core diameter from drill samples assayed for use in the resource estimate and quoted herein, from historic drilling prior to 1955 cannot be confirmed. • Diamond drill samples assayed for use in the resource estimate and quoted herein, from historic drilling between 1955-1990 was BQ (36.5mm) core diameter. • Percussion drill samples assayed for use in the resource estimate and quoted herein, from historic drilling between 1955-1990 were collected using 130-145mm face-sampling bit. • Diamond drill samples assayed for use in the resource estimate and quoted herein, from historic drilling between 1955-1990 was NQ (47.6mm) core diameter. • Sample intervals from the diamond core was whole-core sampled following logging and submitted for analysis on nominal 0.5m intervals or as defined by geological boundaries determined by the logging geologist. • Sample intervals from percussion drilling were sampled on nominal 1ft (0.305m) intervals, in some cases sample compositing has been WWW.MARQUEERESOURCES.COM.AU 13 13 Criteria JORC Code explanation Commentary undertaken. • Pre-2006 various laboratories and analysis techniques were used and the company is currently in the process of collating all this data. • In 2006, Merit Mining Corp. conducted an 11 hole, 834m diamond drilling program to verify historic drilling. • Merit’s geologist conducted an industry compliant program of geological and geotechnical logging, photography, density measurements and core sampling. • In areas of porphyry copper style mineralization, Merit determined sampling intervals by general chalcopyrite abundance. Samples were generally between 1 and 2 metres long. • Sampling below the porphyry section, within and around the Lone Star mineralized zones of the Lone Star deposit, was normally done at 0.5 metre intervals but varied depending on similar mineralization characteristics or lithology. • The core was cut in half, bisecting fabric or vein material evenly, with half of the core returned to the core tray and the other half sent to Eco- Tech Laboratory Ltd. of Kamloops, British Columbia • Samples were crushed in their entirety to pass -6 mesh, the crushed sample was then split in half with half of the sample was stored for Acid Base Accounting or metallurgical testing and the other half was further crushed to pass -10 mesh. 250 g sub-sample was taken from the -10 mesh material and pulverized to pass -100 mesh. A 30 g sample was taken from the -100 mesh material and Fire Assayed (FA) with an Atomic Absorption (AA) finish for gold. A 15 g sample was also taken from the -100 mesh material for 28 element ICP analysis. Selective samples were requested for screen metallic assay to determine the degree of coarse gold present and as a secondary check on samples with greater than 3 g/t gold. Eco-Tech Laboratory Ltd. inserted its suite of standards for QC purposes. Individual sample batches were subjected to 10-65% repeats (average 30%), 2-4% re- splits and 3-5% internal standards. WWW.MARQUEERESOURCES.COM.AU 14 14 Criteria JORC Code explanation Commentary Quality of assay data and laboratory tests • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical t ools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. • Current Activity • No assay data is available yet. • Samples are to be submitted to the laboratory for 30 element geochemical analysis. • The results presented in this release are qualitative in nature. • Historical Activity • Marquee is in the process of acquiring a digital database of all previous assays and geological sampling and gaining the necessary permissions to access primary assay data from assay labs to assist in compliance with JORC Code reporting of resources. • At this stage, Marquee cannot comment on the quality of assay data and laboratory tests for drilling completed at The Kibby Basin Project or prior to 2006 at the Lone Star Project. • For drilling completed by Merit in 2006 at the Lone Star Project; • Every 19th and 20th sample tags were designated as a standard and blank. Splitters retained the standards and blanks and placed the entire pouch of material into the labelled plastic sample bag in the corresponding tag order. • Eco-Tech Laboratory Ltd. inserted its suite of standards for QC purposes. Individual sample batches were subjected to 10-65% repeats (average 30%), 2-4% re-splits and 3-5% internal standards. • Mr Eugene Puritch, P.Eng of P&E Mining Consultants Inc. visited the Lone Star property in 2006. Data verification sampling was done during the visit by taking a ¼ split from the remaining half drill core, with a total of 11 samples taken from 8 holes. The samples were then documented, bagged, and sealed with packing tape and were brought by Mr. Puritch to SGS Laboratories in Toronto, Ontario for analysis. Fire assay with an AAS finish was requested for gold and sodium peroxide fusion was requested for copper with an inductively coupled plasma (ICP) finish. • The Competent Person for this statement has not visited the site. WWW.MARQUEERESOURCES.COM.AU 15 15 Criteria JORC Code explanation Commentary Verification of sampling and assaying • The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. • Current Activity • No ass ay data is available yet. • Samples are to be submitted to the laboratory for 30 element geochemical analysis. • The results presented in this release are qualitative in nature. • Historical Activity • Mr Eugene Puritch, P.Eng of P&E Mining Consultants Inc. visite d the Lone Star property in 2006. Data verification sampling was done during the visit by taking a ¼ split from the remaining half drill core, with a total of 11 samples taken from 8 holes. The samples were then documented, bagged, and sealed with packing tape and were brought by Mr. Puritch to SGS Laboratories in Toronto, Ontario for analysis. Fire assay with an AAS finish was requested for gold and sodium peroxide fusion was requested for copper with an inductively coupled plasma (ICP) finish. • Marquee int ends to undertake a review of historical drilling data, conduct resampling of historic core (where possible), re - survey historical drillhole collars by DGPS to validate their location, complete metallurgical sampling, and drill infill and “twin” holes to f urther ensure and upgrade the integrity of the data. This will be followed by re - estimation of the resource, with updated classification based on the level of information available Location of data points • Accuracy and quality of surveys used to locate drill holes (collar and down - hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. • Current Activity • Collar coordinates have been recorded with a handheld GPS with an accuracy of +/- 3m. • Downhole surveys are taken every 100ft (30.48m) using a Gyro survey tool. • All coordinates are presented in NAD83/UTM Zone 11N • Historical Activity • Historic drill hole locations have been variably recorded and data pre- 2006 requires verification by a registered land surveyor. • Drill hole collar locations of Merit Mining holes have been surveyed by a registered land surveyor. WWW.MARQUEERESOURCES.COM.AU 16 16 Criteria JORC Code explanation Commentary • All coordinates are presented in NAD83/UTM Zone 11N • Elevation data for dri ll holes completed prior to 1978 cannot be verified due to subsequent mining activities. • The Company has completed a LIDAR survey over the pr ojects to verify the historical drill hole elevation data. Data spacing and distribution • Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • W hether sample compositing has been applied. • Current Activity • N/A • Historical Activity • Due to the nature of mineralisation the hole spacing is highly variable. Data spacing is sufficient to establish geological and grade continuities for Mineral Resource estimation to Inferred Category in the NI-43-101 classification. • Please refer to the body of this ASX release for further details regarding relevance and appropriateness of this foreign resource estimate. Orientation of data in relation to geological structure • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. • Current Activity • Drill hole orientations were designed to test perpendicular or sub- perpendicular to the orientation of the interpreted mineralisation. • Historical Activity • Drilling was typically oriented perpendicular to the trend and mapped strike and dip of observed mineralisation on surface and elsewhere in the project area. • Interals presented in this asx release are not true width, due to the density of drilling and the orientation of drilling perpendicular to mineralized bodies there is minor bias introduced by drillhole orientation. Sample security • The measures taken to ensure sample security. • Current Activity • Individual calico bags from the diamond drilling are placed in polyweave bags and palletised for collection and delivery by a verified courier company for shipment to the laboratory. • Historical Activity WWW.MARQUEERESOURCES.COM.AU 17 17 Criteria JORC Code explanation Commentary • Security of samples taken prior to 2006, at this stage, cannot be verified. • In regards to Merit drilling in 2006, Mr Eugene Puritch, P.Eng of P&E Mining Consultants Inc. verified the sampling preparation, security and analytical procedures employed by Merit were satisfactory. • P&E did not observed any adverse drilling or sampling factors that would affect the accuracy and reliability of the core samples. All core is considered to be representative of the mineralization that was drilled Audits or reviews • The results of any audits or reviews of sampling techniques and data. • Current Activity • N/A • Historical Activity • An audit and review of sampling techniques and data was conducted as part of NI-43-101 resource estimation by P&E Mining Consultants Inc.

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