platinum group metal 1 21,52 t NA 21,52 t Medium sized deposit palladium 2 15,91 t NA 15,91 t Medium nickel t NA t Medium

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1 Mineral Deposit Report Page 1 OF Kaukua Occurence type: occurrence Commodity Rank Total Total production Total resource Importance measure group metal 1 21,52 t 21,52 t Medium sized deposit 2 15,91 t 15,91 t Medium sized deposit nickel t t Medium sized deposit 2 5,62 t 5,62 t Small deposit copper t t Small deposit cobalt 3 3 1,63 t 1,63 t Small deposit Easting EUREF: ,813 Easting YKJ: Northing EUREF: ,974 Northing YKJ: Discovery year: 1990 Province: Koillismaa (PGE, V, Ni, Fe, Cu) References: 3, 4, 6, 7, 8, 9, 12, 13, 15, 16 Mineral deposit type Group: Metallogenic deposit Main type: Ultramafic (magmatic) Sub type 1: Contact-type PGE Dimension Expression: exposed Form: concordant Shape: Length (m): 1000 Width (m): 600 Thickness (m): 50 Depth (m): Area (ha): Dip azim: Dip: Plunge azim: Plunge dip: Orientation method: Holder history Current holder: Nortec Minerals Oy Years: 2015 Holding type: Exploration permit Previous holders: Company Years Holding type Comments Nortec Minerals Oy Claim (old law) Claim (old law) 1

2 Mineral Deposit Report Page 2 OF EXPLORATION ACTIVITY Nortec Minerals Oy Years Activity type Geologist Exploration result Ref core drilling T. Rekola, I.F. Laurent mineral resource indicated 2, DDhs, for a total of 6116m Intersections KAU From-To Length 5m 0,13ppm 1,82ppm 0,59ppm copper 0,3% nickel 0,19% Comments Higher grade interval in DDH KAU KAU From-To ,6 Length 49,6m 0,75ppm 0,28ppm 0,07ppm copper 0,15% nickel 0,1% core drilling 12 Intersections From-To Length 11,5m 0,13ppm copper 0,26% 0,5ppm 1,43ppm nickel 0,18% core drilling DDhs, total 2100m Intersections From-To Length 29,2m 0,16ppm copper 0,24% 0,46ppm 1,39ppm nickel 0,12% core drilling 31 DDhs, for a total of 7183m detailed geophysics 3-D IP survey, 20-line kilometers 2

3 Mineral Deposit Report Page 3 OF Akkerman Exploration B.V. Years Activity type Geologist Exploration result Ref core drilling Tuomo Karinen, Jan Akkerman 8 Core drilling (reconnaissance drilling): 7 holes, c m. Intersections From-To Length 0,5m 0,74ppm copper 0,55% 0,88ppm 2,93ppm nickel 0,31% subsurface exploration Tuomo Karinen, Jan Akkerman Years Activity type Geologist Exploration result Ref subsurface Markku Iljina, Jukka exploration Konnunaho, Pertti Heikura core drilling Markku Iljina, Jukka Konnunaho, Pertti Heikura Core drilling (reconnaissance drilling): 5 holes, m. Intersections R405 From-To 119,3-119,7 Length 0,4m 0,39ppm copper 0,31% 0,79ppm 3,53ppm nickel 0,21% R405 From-To 165,8-166,7 Length 0,9m 0,21ppm copper 0,58% 0,87ppm 2,9ppm nickel 0,73% North Atlantic Natural Resources AB Years Activity type Geologist Exploration result Ref detailed geophysics Jukka Laurikko, Edward Posey 3

4 Mineral Deposit Report Page 4 OF km2 IP and magnetic survey regional geophysics key geological features Low-altitude airborne magnetic and electromagnetic survey Years Activity type Geologist Exploration result Ref core drilling Markku Iljina, Jukka Konnunaho, Pertti Heikura Core drilling (reconnaissance drilling): 5 holes, m subsurface exploration Markku Iljina, Jukka Konnunaho, Pertti Heikura detailed geophysics Markku Iljina, Jukka Konnunaho, Pertti Heikura Outokumpu Oy Years Activity type Geologist Exploration result Ref detailed geology Tuomo Törmänen, Jarmo Lahtinen mineral occurrences Outcrop sampling, trenching 4

5 Mineral Deposit Report Page 5 OF RESOURCES AND RESERVES Most recent Type: Company: Year: Date: Calc Method: Reference: Resource Finore Mining Inc NI Category: Indicated mineral resource Tonnage: 10,4 Mt 0,73 ppm 0,26 ppm copper 0,15 % nickel 0,1 % 0,08 ppm Cutoff: 0,1 ppm Category: Inferred mineral resource Tonnage: 13,2 Mt 0,63 ppm 0,22 ppm copper 0,13 % nickel 0,1 % 0,06 ppm Cutoff: 0,1 ppm Category: Indicated and inferred mineral resource Tonnage: 23,6 Mt nickel 0,1 % 0,674 ppm 0,238 ppm 0,069 ppm copper 0,139 % group 0,912 ppm metal Cutoff: 0,1 ppm Comments: PGE grade calculated by GTK. Previous calculations Type: Company: Year: Date: Calc Method: Reference: Resource Nortec Ventures 2011 NI Corporation Category: Tonnage: 12,11 Mt cobalt 60 ppm 0,08 ppm copper 0,15 % nickel 0,1 % 0,71 ppm 0,25 ppm group 0,96 ppm metal Cutoff: Comments: PGE calculated by GTK 5

6 Mineral Deposit Report Page 6 OF Type: Company: Year: Date: Calc Method: Reference: Resource Nortec Ventures 2010 NI Corporation Category: Tonnage: 19 Mt nickel 0,11 % copper 0,14 % group 1,06 ppm metal Cutoff: Comments: PGE is PGE+Au in original source. Separate elements were not reported. 6

7 Mineral Deposit Report Page 7 OF GEOLOGY Host rock: Pyroxenite, Gabbroic rock, Sulphide ore Wall rock: Orthogneiss Pyroxenite (Host rock) Rock type: Host rock Comments: Marginal series mixed pyroxenitic-peridottic rock. Gabbroic rock (Host rock) Rock type: Host rock Comments: Gabbroic rock in the lower part of the marginal series. Contains melted basement material. Sulphide ore (Host rock) Rock type: Host rock Proportion: present Grain size: Color: References: 5 Comments: At present knowledge the mineralization represents 'contact style' sulphide-pge accumulation located at the base of a layered intrusion, associated mostly with pyroxenitic rocks in the central parts of the marginal series. Ore minerals: Mineral Proportion Mineral texture Chalcopyrite major Dissemination, Stringer Disseminated sulphides and locally massive sulphide veinlets (up to 10 cm in thickness) Pentlandite major Dissemination, Stringer Disseminated sulphides and locally massive sulphide veinlets (up to 10 cm in thickness) Pyrrhotite major Dissemination, Stringer Disseminated sulphides and locally massive sulphide veinlets (up to 10 cm in thickness) Structures Sheared Breccia Layered Textures Cumulate Alteration: Distribution: Degree: Relation to mineralization: 7

8 Mineral Deposit Report Page 8 OF silicification Metamorphic description: Type: Facies: Degree: Relation to mineralization: Regional greenschist low metamorphic metamorphic facies grade Comments: Amphibole-chlorite-saussurite, serpentine-magnetite +/-talc. Geological age: Min P- Max P (kbar) MIn T- Max T ( C) Geological era: Max age - Minage Inferred age (Ma): Age of mineralization: (Ma): Paleoproterozoic ( Ma) N Radiometric age: Method: Age: Error (Ma): Mineral: Reference: Orthogneiss (Wall rock) Rock type: Wall rock Proportion: present Grain size: Color: References: 5 Other minerals: Mineral Proportion Mineral texture Amphibole present Alteration product Epidote present Alteration product Talc present Alteration product Alteration: Distribution: Degree: Relation to mineralization: silicification albitic alteration Metamorphic description: Type: Facies: Degree: Relation to mineralization: Regional greenschist low metamorphic metamorphic facies grade Geological age: Min P- Max P (kbar) MIn T- Max T ( C) Geological era: Paleoproterozoic ( Ma) Max age - Minage Inferred age (Ma): Age of mineralization: (Ma): N Figures 8

9 Mineral Deposit Report Page 9 OF Geological map of the Koillismaa Complex: 9

10 Mineral Deposit Report Page 10 OF Kaukua cross section, Nortec Minerals drillings: Cross section of Akkerman Exploration drill cores Kau and Kau : 10

11 Mineral Deposit Report Page 11 OF REFERENCES 1. Alapieti, T The Koillismaa layered igneous complex, Finland : its structure, mineralogy and geochemistry, with emphasis on the distribution of chromium.. Bull Finore Mining press release Iljina M. and Hanski E Layered mafic intrusions of the Tornio-Näränkävaara belt. In: Lehtinen, M., Nurmi, P.A., Rämö, O.T. (Eds.), Precambrian Geology of Finland - Key to the Evolution of the Fennoscandian Shield. Elsevier B.V., Amsterdam, pp Iljina, M., Heikura, P. and Salmirinne, H The Haukiaho and Kaukua PGE-Cu-Ni-Au prospects in the Koillismaa Layered Igneous Complex, Finland. M06/3543,3544/2005/1/ Iljina, M., Karinen, T. and Räsänen, J The Koillismaa Layered Igneous Complex : general geology, structural development and related sulphide and -group element mineralization. In A. Piestrzynski et al. (eds). Proceedings of the sixth Biennial SGA-SEG meeting, Balkema Publishers, Lisse, pp Iljina, M., Maier, W. D. & Karinen, T PGE-(Cu-Ni) deposits of the Tornio-Näränkävaara belt of intrusions (Portimo, Penikat, and Koillismaa). In: Maier, W.D., Lahtinen, R. & O'Brien, H. (eds) Mineral deposits of Finland. Amsterdam: Elsevier, Karinen, T The Koillismaa Intrusion, northeastern Finland - evidence for PGE reef forming processes in the layered series.. Bulletin p 8. Media release of Akkerman Exploration B. V. & Nortec Ventures Corporation (May 27th 2008). 9. Media release of Akkerman Exploration B. V. (Dec 4th 2007) Mroczeck, M. & Butler, S A technical report on the Läntinen Koillismaa Project, Finland, for Finore Mining Inc. 18 September Mining Plus. Vancouver, Canada. 92 p Nortec Minerals Press release 22 February Nortec Venture media release, June Nortec Venture media release, March Nortec Venture web page, January

12 Mineral Deposit Report Page 12 OF North Atlantic Natural Resources Ab Geophysical Report. Finger, Kaukua, Syöte, Tilsa targets. Koillismaa Project, Finland Rasilainen, Kalevi; Eilu, Pasi; Halkoaho, Tapio; Iljina, Markku; Karinen, Tuomo Quantitative mineral resource assesment of,,, nickel, and copper in undiscovered PGE deposits in mafic-ultramafic layered intrusions in Finland. Report of Investigation, 338 p. 12