ni143-101 technical report on the canadian lithium...

Archean Metavolcanics

Prepared by:

Case Lewis, P. Geo.

Pyral Consulting

#142 — 757 West Hastings St,

Vancouver, Canada V6C 1A1 28 JUIN 2017 I 6 "~ ,d ~ ~ 5

Hi Ho Silver Resources Inc. Canadian Lithium and Augustus Property

NI 43-101 Technical Report

Report to:

HI HO SILVER RESOURCES INC.

NI 43-101 Technical Report on the Canadian Lithium and Augustus Property

Quebec, Canada

Effective Date: February 01, 2017 GM 70102

Canadian Lithium and Augustus Property NI 43-101 Technical Report 1

Documents complémentaires / Additional files

Licence / License

http://gq.mines.gouv.qc.ca/documents/examine/GM70102/

http://gq.mines.gouv.qc.ca/documents/sigeom/Licence.pdf

http://gq.mines.gouv.qc.ca/documents/sigeom/license.pdf

Hi Ho Silver Resources Inc. Canadian Lithium and Augustus Property NI 43-101 Technical Report

TABLE OF CONTENTS

Table of Figures 4

1. Executive Summary 5

2. Introduction 8

2.1. Purpose 8

2.2. Effective Date 8

2.3. Terms of Reference 8

2.4. Qualification of Author 8

2.5. QP Site Visit 8

2.6. Units Used in this Report 8

2.7. Sources of Information Used in this Report 9

3. Reliance on Other Experts 10

4. Property Description and Location 11

4.1. Property Location 11

4.2. Nature and Extent of Issuer's Title 12

4.3. Property Description 13

4.4. Surface Rights and Required Permits 15

4.5. Environmental Liabilities 15

5. Accessibility, Climate, Local Resources, Infrastructure and Physiography 16

5.1. Overview 16

5.2. Accessibility 16

5.3. Climate 16

5.4. Infrastructure 1.6

5.4.1. Roads 16

5.4.2. Air Transport 16

5.4.3. Rail 17

5.4.4. Power 17

5.5. Local Resources 17

5.6. Physiography 17



6. History 17

6.1. History of Property Acquisition 17

6.2. Exploration History 17

7. Geological Setting and Mineralization 33

7.1. Regional Geology 33

7.2. Local Geology 35

7.3. Property Geology 35

7.4. Mineralization 37

8. Deposit Types 38

9. Exploration 40

10. Drilling 42

11. Sample Preparation, Analyses, and Security 43

12. Data Verification 44

12.1. Consultant Site Visit 44

12.2. Office Based Data Verification 44

13. Mineralogical and Metallurgical Testing 45

14. Mineralogical and Metallurgical Testing 46

15. to 22. Do not apply to the Property 47

23. Adjacent Properties 48

24. Other Relevant Data and Information 50

25. Interpretation and Conclusions 51

26. Recommendations 52

15.1. Phase 1 — Trenching and Mapping Survey 52

15.2. Phase 2 — Exploration Diamond Drilling 52

15.3. Quality Control 54

27. References 55

28. Certificate of Qualified Person 58


Hi Ho Silver Resources Inc. Canadian Lithium and Augustus Property N143-101 Technical Report

TABLE OF FIGURES

Figure 4.1 Property Location Map 11

Figure 4.2. Property Location Map 12

Figure 6.1. Drill hole collars (source: SIGEOM database) 25

Figure 6.2. Drilling on western claims 26

Figure 6.3. Drilling on eastern claims 27

Figure 6.4. Mineral showings. 29

Figure 6.5. Total magnetic field survey from GM 65802 overlaid on historical drilling. 30

Figure 6.6. 30Hz in-phase total divergence grid (GM 66216) 31

Figure 6.7. Total magnetic intensity (TMI) (GM 66216) 32

Figure 7.1. Local and Regional geology surrounding the Property. 34

Figure 7.2. Property Geology 36

Figure 23.1. Adjacent properties 49

Table 1.1. Augustus Prospect Historical Drilling Highlights 6

Table 1.2. Canadian Lithium Prospect Historical Drilling Highlights 7

Table 4.1 Claim Numbers for Canadian Lithium and Augustus Property, Quebec 14

Table 6.1. All historical drilling from referenced reports WITHIN the Augustus and Canadian

Lithium Property: Collar Locations 19

Table 6.2. All historical drilling from referenced reports OUTSIDE of the Canadian Lithium and

Augustus Property: Collar Locations 21

Table 6.3. 1955 Canadian Lithium Corp Drilling: Significant Mineralized intervals (GM 03952)

23

Table 26.1. Estimated Budget for Phase 1 Stripping (excluding tax) 53

Table 26.2. Estimated Budget for Phase 2 (excluding tax) 54



1. EXECUTIVE SUMMARY

Pyral Consulting ("the Consultants" or "Pyral Consulting") was retained by Hi Ho Silver

Resources Inc. ("Hi Ho" or the "Company") to prepare a Technical Report (the "Report") on the

Canadian Lithium and Augustus Property in Quebec.

Case Lewis, P.Geo. is responsible for the contents of this Report. Mr. Lewis visited the Property

on January 7, 2017. In completing the report, the Consultants held discussions with management

and reviewed historical data pertaining to the Property.

The Canadian Lithium and Augustus Property is located in NTS map sheets 32D05, 28

kilometres southeast, by road, of the town of Amos, Quebec.

Two lithium prospects are located on the Property, which have been the subject of exploration

and drilling over the years. These two prospects are known as the Augustus prospect and the

Canadian Lithium prospect.

Augustus Prospect

The Augustus prospect is a lithium-bearing pegmatite dike located at approximately 284,864 mE

/ 5,368,283 mN in the La Come Township in the province of Quebec. The dike dips roughly sub-

vertically and strikes approximately 330°, measuring 850 metres along strike with an average

width of roughly 7.6 metres apparent thickness. Its maximum depth is yet undetermined.

The pegmatite dike intrudes a lithium-rich peridotite at the northern edge of the La Corne

batholith and contains coarse spodumene (2-5cm) and beryl crystals (2-5cm), as well as traces of

molybdenite and columbite-tantalite (MB 89-29). Lithium mineralization is confined to the

pegmatite body, with an average grade of 1.12% Li2O returned from recent sampling by Mineral

Hill.

The Augustus pegmatite was first explored in 1955 by trenching and diamond drilling. The

highlights from this program are shown in Table 1.1.




Table 1.1. Augustus Prospect Historical Drilling Highlights

Drill Hole

Number

From

(m)

To (m) Interval

(m)

% LizO

CL-69X 60.7 63.4 2.7 1.64

123.9 124.8 0.9 1.96

168.1 171.9 3.8 0.94

189.6 197.7 8.1 0.72

CL-70X 5.5 7.6 2.1 1.16

76.2 80.3 4.0 0.86

92.7 99.1 6.4 1.01

CL-71 90.7 94.8 4.1 0.39

96.3 104.7 8.4 1.25

CL-72 68.6 73.2 4.6 0.89

CL-73 65.8 70.6 4.7 0.56

CL-74 30.5 32.6 2.1 0.59

207.9 214 6.1 1.56

CL-75 170.7 173.6 2.9 1.08

177.9 182.9 5.0 1.58

231.6 233.8 2.1 0.58

CL-80X 43.1 46.9 3.8 1.66

88.4 89.7 9.5 1.25

Judging from these early drill results, lithium mineralization appears consistent between many

drill holes along the -850 metres of strike length of the Augustus pegmatite body.

Canadian Lithium Prospect

The Canadian Lithium prospect is located at approximately 284,861 mE / 5,368,288 mN. The

main outcrop was discovered in 1948 near the boundary separating the townships of Landrienne

and La Corne. This group of parallel, granitic pegmatite dikes associated with the La Corne

batholith is reported to contain aggregates of spodumene, lepidolite, along with traces of beryl,

cleavelandite, and columbite-tantalite.

The last major exploration work on the Canadian Lithium prospect was carried out in 1955 and

consisted of a diamond drilling campaign. The highlights of this program are outlined in Table

1.2.




Table 1.2. Canadian Lithium Prospect Historical Drilling Highlights

Drill Hole Number

From (m)

To (m) Interval (m)

% Li20

CL-50 15.2 96.0 62.6 0.14

CL-51X 49.5 68.8 19.2 0.11

CL-52 8.3 63.6 55.3 0.23

8.2 25.2 16.9 0.13

CL-53 4.9 73.8 68.9 0.12

CL-54 98.8 132.2 33.3 0.13

CL-60X 185.2 193.5 19.2 0.14

These drilling results show continuity of lithium mineralization and grade along strike of the

explored part of the dike and across intersections of up to 70-80 metres (apparent thickness).

This historical drilling program was mostly limited to the northwest —350 metres of an —800-

metre long mapped dike (MERN).

Lithium Chalet Showing

Also noted as a potential target for further exploration is a previously untested 1,000 by 1,500-

metre area located approximately 300 metres directly south of the Canadian Lithium prospect.

This area has seen limited exploration in the past and warrants closer attention, as several

pegmatite dikes are indicated in this area by the MERN regional geological map. This area is

also host to the Lithium Chalet showing, first identified by Mineral Hill Industries in 2010.

It is the recommendation of the consultants that this Property be further explored, particularly

around the historical Canadian Lithium and Augustus occurrences, as well as the recently

discovered Lithium Chalet occurrence. A trenching and stripping program is recommended, in addition to mapping in and around the occurrence. Mapping and stripping should focus on

determining the extent to which the pegmatite occurrences continue across the Property to the

southeast and northwest.

Recommended Work

Pyral Consulting recommends two phases of exploration on the Property. The proposed first

phase consists of a stripping, trenching, channel sampling and mapping survey accompanied by a

geophysical survey consisting of IP (induced polarization) and magnetic survey, with the

stripping, mapping, trenching, and channel sampling portion having an estimated cost of

$157,377. Independent of the success of the first phase, a second phase consisting of diamond




drilling is proposed, with an estimated cost of $455,093. The combined estimated cost for both

phases totals $602,470.

2. INTRODUCTION

2.1. Purpose

This technical report covers the Canadian Lithium and Augustus Property near the town of Val-

d'Or, located in Quebec, Canada.

Pyral Consulting was hired by Hi Ho Silver Resources Inc. to prepare an NI 43-101 Technical

Report in accordance with Canadian National Instrument 43-101 Standards of Disclosure for

Mineral Projects (NI 43-101), NI 43-101 Form F1, and Canadian Institute of Mining, Metallurgy

and Petroleum (CIM) "Best Practices and Reporting Guidelines." This Technical Report is part

of an ongoing effort by Hi Ho to move forward with the Canadian Lithium and Augustus

Property.

2.2. Effective Date

The effective date of this report is February 01, 2017

2.3. Terms of Reference

Mr. Dennis McKnight, representative for Hi Ho Silver Resources Inc., retained Pyral Consulting

to complete a technical report for the Canadian Lithium and Augustus Property.

2.4. Qualification of Author

The Qualified Person responsible for this report is Case Lewis, Professional Geologist and QP as

defined by NI 43-101. Mr. Lewis is a Professional Geoscientist registered with OGQ (member

#1904).

2.5. OP Site Visit

Mr. Case Lewis, P.Geo., Geologist, visited the Property on January 7, 2017

2.6. Units Used in this Report

Unless otherwise indicated, all units of measurement used in this technical report are metric,

amounts are in Canadian Dollars, and coordinates are in the UTM system, NAD 83, Zone 18,

unless otherwise stated.




2.7. Sources of Information Used in this Report

The Consultants have reviewed and analysed data obtained from reports and resource estimates

primarily from the information provided by Hi Ho and the statutory work filed with the Quebec

Ministry of Natural Resources and Wildlife (MRNFQ).



3. RELIANCE ON OTHER EXPERTS

The Consultants have reviewed and analysed data obtained from reports and resource estimates

primarily from the information provided by Hi Ho and the statutory work filed with the Quebec

Ministry of Natural Resources and Wildlife (MRNFQ), and has drawn its own conclusions,

augmented by its direct field examination. While exercising all reasonable diligence in checking,

confirming, and testing, the Consultants have relied upon Hi Ho Silver Resources Inc. and

previous operators' presentation of the data for the Property in formulating its opinion and

estimates.

The various agreements, under which Hi Ho Silver Resources Inc. holds title to the mineral lands

for the Property, have not been reviewed by the Consultants, and the Consultants offer no

opinion as to the validity of the mineral title claimed. The Consultants are relying on legal

opinions regarding the Property which were prepared by experts who are not QPs as defined by

NI 43-101. A description of the Property and ownership is provided in Section 4.

The Consultants are relying entirely on Hi Ho Silver Resources Inc. in matters of environmental

and legal opinions regarding Property title. Environmental liabilities are outlined in Section 4. The Consultants offer no opinion on the state of the environment on the Property. The maps and

tables for this report were reproduced or derived from reports written on the Property and/or filed

with the Quebec Ministry of Natural Resources and Wildlife (MRNFQ). The photographs used

in this report were taken by the Author during his visit to the site, unless otherwise specified.

Third-party sources are disclosed in Section 27.


Saguenav°

Quebec

Levis Trois-Rivières o

Drummondville°

_Montréal Gatin• eau a o Sherbrook °



4. PROPERTY DESCRIPTION AND LOCATION

4.1. Property Location

Property location is shown in Figure 4.1 and 4.2.

The Property is located:

• in two non-contiguous blocks, with one centred at approximately 287,287 mE and

5,367,628 mN and the second centred at 287,861 mE and 5,368,288 mN (UTM Zone

18N; North American Datum (NAD) 83);

• within NTS map-sheet 32C05;

• approximately 28 km southeast, by road, of the town of Amos, Québec;

• approximately 50 km north, by road, of the town Val-d'Or, Québec;

• within the Landrienne and La Corne Townships.

lent régional d'Eeyou Istchee Baia-James.

Chibougamai

Lebe l•sur-Quriilhn

Canadian Lithium and Augustus Property •

I '°°47„ 1 VT~289291. 5369864 Zone:18 1 : ~71J5 64E0 48.4466 N, 77.8495 W

Figure 4.1 Property Location Map


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Property Map

Claims December 14, 2016

284000

Key

Claim Boundary



Figure 4.2. Property Location Map

4.2. Nature and Extent of Issuer's Title

Hi Ho Silver Resources Inc. has entered into an option agreement with Fayz Yacoub and Ramy

Yacoub whereby Hi Ho has been granted the exclusive option to earn an undivided 100%

interest in the claims.

Under the terms of the option agreement, Hi Ho can earn a 100% interest in the Canadian

Lithium and Augustus prospects by doing the following in stages over three years:

i) making cash payments totaling $200,000, of which $20,000 has been paid to the

optionors and an additional $20,000 is payable 60 days following the effective date of

the agreement;

ii) issuing a total of 2,000,000 common shares to the optionors, of which 500,000 shares

will be issued within 15 days of the effective date; and


Hi Ho Silver Resources .Inc. Canadian Lithium and Augustus Property NI 43-101 Technical Report

iii) incurring a total $1.5 million in exploration expenditures over a three-year period. In addition to the 2,000,000 shares, Hi Ho would issue an additional 1,000,000 shares

upon a calculation of proven economic reserves.

Once the Company has made all cash payments, issued all the common shares and incurred all

the expenditures on the Canadian Lithium and Augustus property to earn a 100% interest in the

property, the optionors will reserve a two percent (2%) royalty in the net smelter returns on all

metals produced from the property. Hi Ho will have the right to purchase fifty percent (50%) of the net smelter returns royalty, equal to one percent (1%) of the net smelter returns, for $1

million in cash.

4.3. Property Description

The Property is located in NTS Map Sheet 32C05, near the town of Amos, Québec, and is

comprised of 16 map-designated claims in two non-contiguous blocks of 6 ("Canadian Lithium"

or "West Block") covering 254.89 hectares and 10 ("Augustus" or "East Block") covering

424.91 hectares. The combined total area of both claim blocks is 679.8 hectares. The claims will

expire between April 27, 2017 and March 20, 2018. At present, no exploration work is

accumulated on the claims. Exploration work in the amount of $12,480 will be required for the

next renewal. Active title numbers are found in Table 4.1. Pyral Consulting has relied on the

claim ownership information provided by the GESTIM online database.



Table 4.1 Claim Numbers for Canadian Lithium and Augustus Property, Quebec

Block Title # Type Area (ha)

Staking Date

Expiration Date

Work Credit

Required Work

NTS Map Sheet Registered Title Holder

EAST 2427259 CDC 42.48 2015-04-28 2017-04-27 $ $ 780.00 32C05 Fayz Yacoub (19217) 100%(responsable)

EAST 2427260 CDC 42.49 2015-04-28 2017-04-27 $ - $ 780.00 32C05 Fayz Yacoub (19217) 100 % (responsable)





EAST 2437977 CDC 42.53 2016-03-14 2018-03-13 $ - $ 780.00 32C05 Fayz Yacoub (19217) 100 %(responsable)




WEST 2427519 CDC 42.35 2015-05-11 2017-05-10 $ - $ 780.00 32C05 Fayz Yacoub (19217) 100 % (responsable)








4.4. Surface Rights and Required Permits

All claims comprising the Property are located on Crown Lands and work on the property is only

subject to the normal permits and procedures stipulated under the laws of Quebec and Canada.

The Property is located near areas which are currently undergoing logging operations. While

exploration activities are permitted, it may be necessary to coordinate with the responsible forest

management organizations for the area in order to cut trees or construct trails on the Property.

4.5. Environmental Liabilities

Pyral Consulting is not aware of any environmental liabilities on the Property.



5. ACCESSIBILITY, CLIMATE, LOCAL RESOURCES,

INFRASTRUCTURE AND PHYSIOGRAPHY

5.1. Overview

The Property is located in the province of Québec, Canada, within the townships of La Corne

and Landrienne. The nearest major population centre is Amos, Québec, with circa 12,000

inhabitants, and is located approximately 28 kilometres northwest of the Property by road. The

town of Val-d'Or, Québec is located 50 kilometres south of Property by road, with a population

of 32,000 inhabitants.

5.2. Accessibility

The Property can be reached by vehicle, year-round, from the town of Val-d'Or, Quebec by

travelling 53 kilometres along QC-111 N to Route Québec Lithium, then continuing along Route

Québec Lithium for 7 kilometres.

The Property may also be reached by vehicle from the municipality of Amos, Québec, also year

round, by travelling 22 kilometres along QC-111 S to Route Québec Lithium and then

continuing along Route Québec Lithium for 7 kilometres.

5.3. Climate

The La Corne area has a humid continental climate that closely borders on a subarctic climate.

Winters are cold and snowy with a January mean of -17.4 °C. There are 18.4 days were the

temperature will fall below -30 °C. Snowfall totals are heavy, averaging 288 centimetres with

snow reliable snow cover from November to April. Summers are warm with a July high of

23.7 °C though highs can reach above 30.0 °C on rare days. The nearby town of Val-d'Or

receives 905 millimetres of precipitation per year which is evenly distributed throughout the year.

5.4. Infrastructure

5.4.1. Roads

The Route Québec Lithium traverses the property along most of the southern boundary and curves north towards the east, passing near the Augustus prospect. Dirt roads branching from the

Route Québec Lithium provide access to most of the historical drilling and sampling locations.

5.4.2. Air Transport

The Val-d'Or Airport, located approximately 50 km south of the Property by road, is serviced by

Air Canada, Air Creebec, and chartered flights.



5.4.3. Rail

A CN rail line passes approximately 4.5 km north of the Property.

5.4.4. Power

A 115-229 kV Hydro-Quebec transmission line crosses north-south through Route Québec

Lithium approximately 2.5 kilometres from the eastern Property boundary.

5.5. Local Resources

Fuel, mechanic, supplies and food, local skilled workers, heavy equipment, and assay labs are

available from the town of Val-d'Or. Basic supplies, food, lodging and gas are available from the

nearby municipality of Barraute, Quebec.

5.6. Physiography

The topography of the area is relatively flat and characterized by low ridges and hills flanked by

generally flat areas of glacial outwash and swamps. Overburden thickness varies between 0 to 35

metres. Elevation ranges between approximately 315 to 360 metres above sea level.

6. HISTORY

6.1. History of Property Acquisition

In late 2016,. Hi Ho entered into a joint-venture agreement with Mr. Fayz Yacoub with the

potential to earn 100% interest in the Property.

6.2. Exploration History

1948 Canadian Lithium Corp carries out first trenching / drilling program — GM 00744

The earliest record of work completed on the Property dates to 1948, when Canadian Lithium

Corp carried out the first trenching and diamond drilling program on the Property. Historical

reports describe spodumene mineralization in all 9 holes on the Canadian Lithium prospect.

(Table 6.1 and Table 6.2)

Spodumene-bearing pegmatite bodies were also discovered by Canadian Lithium Corp in several

other areas on the property.

1948 Quebec Lithium Corporation drilling — GM 02688-B

Eight holes were drilled during this diamond drilling campaign, with four of the holes drilled on

the present-day claim area. Three of these four holes intersected trace/weak spodumene

mineralization. (Table 6.1 and Table 6.2)



1954-1955 Canadian Lithium Corp drilling — GM 03183-B

Canadian Lithium Corp drilled a total of 38 diamond drill holes in an area that included both the

Canadian Lithium and Augustus Prospects. 23 holes were drilled on the present-day claim block.

11 holes intersected spodumene mineralization in varying degrees.

Hole CL-1 reports an unidentified "violet mineral" near the bottom of the hole, which may in

fact be lepidolite. (Table 6.1 and Table 6.2)

1955 Martin-McNeely Mines Ltd drilling — GM 03315-B

Two of three holes were drilled on the present-day claim area. Both holes intersected spodumene

mineralization. (Table 6.1 and Table 6.2)

1955 Canadian Lithium Corp drills 66 diamond drill holes — GM 03952

In 1955, Canadian Lithium Corp drilled a total of 66 diamond drill holes in an area that included

both the Canadian Lithium and Augustus Prospects. 30 of these holes were drilled on the

present-day claim block. These drill holes are summarized in Table 6.1. Noteworthy intervals are

shown in Table 6.3.

1974 Dome Exploration Canada Ltd — GM 30844

Dome Exploration Canada Ltd. drilled one hole on the present-day property area. This hole

intersected mostly metavolcanics and feldspar porphyry with no spodumene mineralization

reported. (Table 6.1 and Table 6.2)

Canadian Lithium and Augustus Property M 43-101 Technical Report 18



Table 6.1. All historical drilling from referenced reports WITHIN the Augustus and Canadian Lithium Property: Collar Locations

Report Hole ID Easting (m)

Northing (m)

Azi (°)

Dip (°)

Depth gym)

Company Year

GM 00744 1 284882 5368362 350 45 34 CANADIAN LITHIUM CO LTD 1948








CM 00744 9 284965 5368335 360 45 36 CANADIAN LITHIUM CO LTD 1948

GM 02688-B LB-5 288488 5366522 045 42 152 QUEBEC LITHIUM CORP 1953


GM 02688-B LB-7 288646 5366673 045 40 I22 QUEBEC LITHIUM CORP 1953


GM 03183-B CL-1 288817 5366761 045 45 105 CANADIAN LITHIUM CO LTD 1954


GM 03183-B CL- I I 287799 5367085 225 45 184 CANADIAN LITHIUM CO LTD 1954







GM 03183-B CL-18 288139 5366730 225 40 63 CANADIAN LITi-ITUM CO LTD 1954


GM 03183-B CL-2 288060 5366701. 045 40 93 CANADIAN LITHIUM CO LTD 1954


GM 03183=B CL-21 288534 5367165 225 45 185 CANADIAN LITHIUM CO LTD 1954










GM 03315-B M-1 285315 5368200 045 45 313 MARTIN-MCNEELY MINES LTD 1955

Canadian Lithium and Augustus Property NI 43-101 Technical Report

19



CM 03315-B M-2 285312 5368200 045 60 307 MARTIN-MCNEELY MINES LTD 1955

GM 03952 CL-50 284861 5368269 010 44 151 CANADIAN LITHIUM CO LTD 1955




GM 03952 CL-61X 285022 5368162 010 45 197 CANADIAN LITHIUM CO LTD 1955








CM 03952 CL-72 287262 5367631 033 45 109 CANADIAN LITHIUM CO LTD 1955










GM 03952 E-10X 287534 5367498 036 45 213 CANADIAN LITHIUM CO LTD 1955



GM 03952 E-5 288981 5366922 045 45 277 CANADIAN LITHIUM CO LTD 1955


CM 03952 E-7X 288536 5367172 042 45 213 CANADIAN LITHIUM CO LTD 1955


GM 03952 E-9X 287455 5367371 033 45 191 CANADIAN LITIIIUM CO LTD 1955

GM 30844 66C-3 285043 5368896 180 49 91 DOME EXPLORATION CANADA 1974




Table 6.2. All historical drilling from referenced reports OUTSIDE of the Canadian Lithium and Augustus Property: Collar Locations

Report Hole ID Easting (m)

Northing (m)

Azi (°)

Dip (°) Depth (m)

Company Year

GM 02674 D-1 286388 5368171 035 45 213 NEW DELHI MINES LTD 1955

GM 02674 D-2 286579 5368172 030 45 213 NEW DELHI MINES LTD 1955









GM 03183-B W-1 278469 5366479 360 45 184 CANADIAN LITHIUM CO LTD 1954


GM 031.83-B W-11 278529 5367928 180 45 184 CANADIAN LITHIUM CO LTD 1954






GM 03183-B . W-7 278420 5366553 360 45 154 CANADIAN LITHIUM CO LTD 1954



GM 03315-B M-3 285458 5368345 180 45 202 MARTIN-MCNEELY MINES LTD 1955


GM 03952 CL-29 286389 5367604 210 45 • 166 CANADIAN LITHIUM CO LTD 1955















21



















CM 03952 CL-67X 281920 5368575 360 45 24 CANADIAN LITHIUM CO LTD 1955

CM 03952 E-1 291149 5366344 020 50 353 CANADIAN LITHIUM CO LTD 1955.








Hi Ho Silver Resources Inc. Canadian. Lithium and Augustus Property


Table 6.3. 1955 Canadian Lithium Corp Drilling: Significant Mineralized intervals (GM 03952)

Hole ID From (m) To (m) Interval (m) %Li20 Drill hole on or off

property

CL-30 37.3 43.8 6.5 0.48 OFF

CL-31 14.3 16.4 2.0 0.45 OFF

CL-32 16.2 19.4 3.3 0.32 OFF

CL-32 33.7 37.2 3.5 0.35 OFF

CL-32 42.2 45.3 3.1 0.24 OFF

CL-33 16.4 20.5 4.1 0.51 OFF

CL-34 33.8 36.5 2.7 0.12 OFF

CL-39 8.8 71.2 62.3 0.37 OFF

CL-39 281.6 334.7 53.0 0.10 OFF

CL-40 30.7 33.1 1.8 1.90 OFF

CL-40 63.6 67.4 3.2 0.14 OFF

CL-40 83.8 86.9 3.0 0.10 OFF

CL-40 103.6 106.7 3.0 0.10 OFF

CL-40 114.3 117.3 3.0 0.09 OFF

CL-40 141.7 144.8 3.0 0.09 OFF

CL-41 45.8 47.5 1.7 2.25 OFF

CL-43 11.0 44.0 33.0 0.11 OFF

CL-44 34.5 119.5 84.9 0.16 OFF

CL-46 15.0 18.8 3.8 1.8 OFF

CL-46 18.8 68.6 49.7 0.14 OFF

CL-47 24.7 45.8 21.2 0.137 OFF

CL-48 2.4 19.8 17.3 0.13 OFF

CL-48 43.0 63.8 20.8 0.15 OFF

CL-48 80.9 97.3 16.4 0.13 OFF

CL-49 95.4 119.2 23.8 0.17 OFF

CL-50 15.2 96.0 62.6 0.14 ON

CL-51X 13.3 15.9 2.7 0.12 OFF

CL-51X 36.1 39.9 3.7 0.16 OFF

CL-51X 49.5 68.8 19.2 0.11 OFF

CL-51X 104.1 128.3 25.8 0.10 OFF

CL-52 8.3 63.6 55.3 0.23 ON

CL-53 4.9 73.8 68.9 0.12 ON

CL-54 2.7 9.3 6.6 0.14 ON

CL-54 62.2 68.6 6.4 0.20 ON

CL-54 75.7 87.1 11.4 0.14 ON

CL-54 98.8 132.2 33.3 0.13 ON

CL-56 105.8 120.4 14.6 0.24 OFF

CL-57 28.6 30.7 2.1 0.10 OFF

CL-59X 153.5 156.4 8.1 0.17 OFF




CL-59X 164.0 169.2 5.2 0.18 OFF

CL-59X 189.9 191.3 1.4 0.14 OFF

CL-60X 89.9 92.8 2.9 0.12 OFF

CL-60X 114.3 118.6 4.3 0.12 OFF

CL-60X 185.2 193.5 19.2 0.14 OFF

CL-61X 25.2 30.3 5.1 0.14 ON

CL-61X 143.0 149.4 6.4 0.10 ON

CL-61X 158.2 167.0 8.9 0.12 ON

CL-63X 217.2 222.4 5.2 0.14 ON

CL-66X 39.3 42.2 2.9 0.12 ON

CL-66X 210.9 213.4 2.4 0.20 ON

CL-68X 30.2 31.4 1.2 0.12 ON

CL-69X 60.7 63.4 2.7 1.64 ON

CL-69X 72.5 79.2 6.7 0.86 ON

CL-69X 123.9 124.8 0.9 1.96 ON

CL-69X 168.1 171.9 3.8 0.94 ON

CL-69X 189.6 197.7 8.1 0.72 ON

CL-70X 5.5 7.6 2.1 1.16 ON

CL-70X 76.2 80.3 4.0 0.86 ON

CL-70X 92.7 99.1 6.4 1.01 ON

CL-71 90.7 94.8 4.1 0.39 ON

CL-71 96.3 104.7 8.4 1.25 ON

CL-72 68.6 73.2 4.6 0.89 ON

CL-73 65.8 70.6 4.7 0.56 ON

CL-74 30.5 32.6 2.1 0.59 ON

CL-74 207.9 214.0 6.1 1.56 ON

CL-75 131.1 132.7 1.7 0.31 ON

CL-75 168.1 169.0 0.9 0.67 ON

CL-75 170.7 173.6 2.9 1.08 ON

CL-75 177.9 182.9 5.0 1.58 ON

CL-75 231.6 233.8 2.1 0.58 ON

CL-76 162.4 168.9 6.6 0.23 ON

CL-77 54.6 58.1 3.5 0.21 ON

CL-80X 43.1 46.9 3.8 1.66 ON

CL-80X 52.9 55.8 2.9 0.24 ON

CL-80X 88.4 89.7 9.5 1.25 ON

E-5 186.7 188.4 1.7 0.18 ON

E-5 205.4 207.9 2.4 0.16 ON

E-5 214.0 214.9 0.9 0.18 ON

E-5 217.9 218.8 0.9 0.24 ON

E-5 256.8 257.9 1.1 0.20 ON


• •

• •

• • • 'w

• • •

• •

•

• • •

• • • •

• •

•

•

Property Map

Drill Hole Collars December 15, 2016

0 200 400 000 1 200

raenes Scale: 1:20,000

Coordinate System:

NAD 1983 UTM Zone 18N

• •

41.0

•

•



Figure 6.1. Drill hole collars (source: SIGEOM database)



3 Legend

Locations

by (Report #) (Year)

285i000

•

2864

IxDDH

285500

A' I \1 ~~~111

- GM 00744 (1948) 66C-3

~ GM 02674 (1955)

., GM 02688-B (1953)

G GM 03183-B (1954)

C GM 03315-B (1955)

t GM 03952 (1955)

~

• GM 30844 (1974)

In u~ ô

-~ CL-SiX co P$ en

CL-60~ 1 4 5 2

7 CL-46

11 CL-43

~ 8 8 CL-57 • CL-47 •Â ®CL-39 C ~C9 •

CL-56 5 ®• •

• •CL 44 CL-50 • CL-49-~8~ • CL-53 ~2

CL-41 CL-42

CL-45 CL-54 CL-52

CL-61X •

0

CL-40

o ô

CL-64X o o 0

° CL-62X • ~

Metres 250 125 0 250

CL-63X

Sc- e 1:6,500 •

284500 285000 285500 286C

Figure 6.2. Drilling on western claims.


26

00

Legend DDH Locations


•- GM 00744 (1948)

o GM 02674 (1955) 0

~ CE, GM 02688-B (1953) - m

® GM 03183-B (1954)

.. GM 03315-B (1955)

û GM 03952 (1955)

• GM 30844 (1974) o 0 286500 28 (n

=iv

~ 286500 V7

D-1 D-2

C)

.L...

T JL-28

O • ~-~ CL-413- .00 3 M to

CL-81X •

jCL-29 O

_n

CL-29

tD

28 287500

• -77 • CL-76

• CL-75 • CLI-74

• CL-78X

CL-69X CL-71 CL-70X~ •• CL-72

~CL ex • CL-73) CLb6X

$ E-9X

CL-79X • CL-27

CL-33/21 •CL 4 CL-32 •

CL-3 CL-25 CL-3

N 2881500 28800 289000

E-8X

• CL-13

• CL-16

CL-12! CL-14

CL~10 CL-8L

CL-6

CL-2•

288000

! • CL-21 E-7X

CL-171 -5

CL-7 •

• CL-!

• CL-1 .. tLB-8

.LB-7

CL-3 • LB-6 ,ire LB-6

Scale 1:12,500 288500 289000

LL-•

•

• CL-16

CL-24 CL-20

CL-22

CL-4 CL~6

Metres 250 125 0 250 500 750

287500

CL-80X •

E-12 X • E-11X

E-10 X


Figure 6.3. Drilling on eastern claims.


27



1977 Certac Mining Corp investigates spodumene-bearing pegmatites — GM 33914

Certac Mining Corp investigated the spodumene bearing pegmatite bodies near the south end of Range 1, Lot 25 and Lot 26. One section, 300 ft in length with an average width of 100 ft, was reported to have a visually-estimated spodumene content of 5-10% by weight (GM 33914). Four chip samples taken from outcrops of these dikes returned 0.60%, 2.33%, 0.93%, and 0.32% Li20 with an average of 1.05% Li20. Small quantities of tantalum and beryl also occur alongside spodumene and lepidolite mineralization. Other, smaller pegmatite dikes, trending roughly northwest, were reported to contain spodumene and lepidolite and are also exposed in the target area.

2010 Mineral Hill Industries identifies "Lithium Chalet" showing

The area was first investigated by Mineral Hill Industries in 2010, where limited prospecting and rock sampling revealed a new lithium occurrence which was dubbed the Lithium Chalet showing (284,770 mE / 5,367,750 mN). Lithium mineralization was identified in an albite-rich, heterogeneous granitic pegmatite dike with limited exposure. Two rock samples collected from the Lithium Chalet showing produced Li20 values of 1.28 and 1.16 wt % with elevated beryllium values of 500ppm and >2,500ppm, respectively.

2011 ZTEM and Aeromagnetic Geophysical survey over Lacorne Property for Rock Tech Lithium - GM 65802

In June 2011, Geotech Ltd. carried out a helicopter-borne geophysical survey for Rock Tech Lithium Inc. over the Lacorne Property. A ZTEM and magnetometer survey were carried out over a total of 4001.3 line-kilometres. The block was flown in a N 0°E azimuth direction with flight line spacing at 200 metres with tie lines perpendicular to the traverse lines at spacing of 2000 metres.

2011 Gerard Lambert Geosciences - GM 66216

In July 2011, Gerard Lambert Geosciences carried out a magnetic survey on behalf of the group of prospectors represented by Jacques Frigon d'Amos, and reported the total magnetic field for the area of interest in a 1:5000 map, with 21 lines spaced 50m apart. The surveyed area covers the entire Augustus and Canadian Lithium Property. Overlays of the 30Hz in-phase total divergence grid and total magnetic intensity (TMI) are shown in Figure 6.6 and Figure 6.7.


• •

0 200 400 C

McUPS Scale: 1:20.000 Coordinate System:

NAD 1983 UTM Zone 18N

•

•

o

Property Map Showings

•

Canadian Lithium Martin-McNeely

800 1200


Figure 6.4. Mineral showings.


29

rrr' è}(é

Legend

DDH Locations


• GM 00744 (1948)

G GM 02674 (1955)

• GM 02688-8 (1953)

• GM 03183-8 (1954)

® GM 03315-B (1955)

• GM 03952 (1955)

• GM 30844 (1974) ntansite du chum (Go

Intervalle de cunt

CL-9 •

600a C L-11 •

C L-13 53675

(D

CL-7 •

-4

CL-24 JAC CL-.20

cL-2'i?0PR Levés m Cenma L'-3

LB-5 8 .500 ̀a~



Figure 6.5. Total magnetic field survey from GM 65802 overlaid on historical drilling.


30

D.V.t*Psuat

, 2,-TlataiSal .9.400

1r) v 61. v 141

T4010 .14 E A

g

3.48 a24 2.28 1.4111 1.28 4.00 0.$2 0.70 062 0.04 0.40 0.44 0.4D oaa 0.34 0.30 0 25 0.20 0 24 4.22 0.20 0.18 ale 0.14 0.12 0.10 0.00 0.00 0.02 0(0

-004 .010 4.1 21.1 41311 .072 •1 32 .2 72 .7 84

:

o o o to (1)

, o jairmaiiiiiiiaLCD

30Hz IP DT

1"1 7 3 500 0 '181.41888 1.njei:

4740D0.1fli

30Hz in-phase total divergence grid (GM 66216)

730000 735000 Scale 1:60,000

725000

1,000 2,000 3.000

0 o

<O

2


Figure 6.6. 30Hz in-phase total divergence grid (GM 66216)


31

_ ; ~ •~.~- tt ~ .:. .... ,72§000,_r

848t6696e5Me

~T400G:

68732.8 66515.8 56385.8 66310.3 66281.1

C 662262 86207.3 53193.0

o 231760 :9166.7

- 89160.0 h 861549 M 89150.1 ,^ 93145 V / :91402

581381 56131.6 56128.8 56 58116

121.57

58111.3 88106.2 58100.6 56094.9 56289.4 56~84.3 56^78.7 56)72.7 55[85.7 5E:56.7 560448 560262 660062 65972 6 55935 1 558921 5883'. 7 65757 4

TMI (nT)

ü

Scale 1:60,000 725000

Total Magnetic Intensity (TMI) (GM 66216)

735000 730000 )


Figure 6.7. Total magnetic intensity (TMI) (GM 66216)


32


7. GEOLOGICAL SETTING AND MINERALIZATION

7.1. Regional Geology

The Canadian Lithium and Augustus Property is located in the Abitibi Greenstone Belt

(Subprovince), which is situated in the southeastern part of the Superior Province of the

Canadian Shield.

The Abitibi Greenstone Belt is comprised of a wide belt of deformed and metamorphosed

volcanic and sedimentary rocks and granitoid batholiths ranging in age from approximately

2,745 to 2,680 Ma that stretches 700 kilometres from northeastern Ontario into northwestern

Quebec.

The Pontiac Subprovince, located to the south of the Property, across the east-west trending

Larder Lake—Cadillac Fault (LLCF), is a Late Archean (ca. 2.7 Ga) metasedimentary-

metavolcanic-granitoid-gneiss terrane situated along the southeastern margin of the Superior

Province of the Canadian Shield in Quebec. The Superior Province extends from Manitoba to

Quebec and is mainly made up of Archean rocks. The general metamorphism is at the

greenschist facies, except in the vicinity of intrusive bodies, where it can go to the amphibolite-

to-granulite facies.

The contact between the Pontiac Subprovince and the rocks of the Abitibi greenstone belt is

characterized by a major fault corridor, the east-west trending Larder Lake—Cadillac Fault Zone,

along which greenstones of the Abitibi Subprovince were thrust over the Pontiac Subprovince.

This structure runs from Larder Lake, Ontario through Rouyn-Noranda, Cadillac, Malartic, Val-

d'Or and Louvicourt, Québec, at which point it is truncated by the Grenville Front.

Regional geology is shown in Figure 7.1 below.


La Corne Batholith

78°30'0"W 78°15'0"W 78°0'0"W 77°45.0."." Z

Archean Metavolcanics ~ ,4;\ `~'

M 1 W

~ '

a

La Motte Batholith

to eQ/ Larder L

ak t (S~b

h . çaa;~~ Ce)

AOht~

~~ ~ d

' C ~ uI d ~, ~2~h aCsUb • . e

IdrO

r

Property Map

Geology

December 15, 2016 0 39'_ü 1900 15800 23 700

78°15'0"W 78°0'0"W I 1

Scale: 1:400,000 Coordinate Swam:

WOO 1984 Web Mercator Auxiliary Sphere 78°30'0"W


Figure 7.1. Local and Regional geology surrounding the Property.


34



7.2. Local Geology

Note that references to Figure 7.2 are indicated as numbers within parentheses, representing

locations on the map: (1), (2), (3), etc.

The Property is situated on the contact zone between the La Come granitic batholith (1) to the

south and the volcanics of the Aurora Group (4) to the north, which, like most of the

metamorphic rocks in this area, exhibit strong deformation. The general geologic trend is

roughly WNW-ESE.

7.3. Property Geology

Canadian Lithium (West) Block

Quartz monzonites and granodiorites of the La Come batholith (1) comprise the majority of the

Canadian Lithium (west) block, covering approximately the southern 80% of the block. These

rocks are intruded by granodiorites and lithium-bearing pegmatites representing the Canadian

Lithium prospect (2), which are in turn surrounded by sandstone, graphitic, turbiditic mudrocks,

black claystones, and polygenetic conglomerates of the Caste Formation (3). Further to the north,

andesites and/or trachyites and mafic to felsic volcanics of the Aurora Group (4) underlie the

northern remainder of the block.

Numerous parallel, WNW-ESE trending pegmatite dikes intrude near the contact zone between

the Caste Formation and the La Corne batholith, varying in width from 30 to 100 metres (5).

These dikes are likely related to those which comprise the Canadian Lithium prospect directly to

the north.

Augustus (East) Block

Rocks of the La Corne batholith (1) underlie the southern third of the block. These rocks are

followed to the north by volcanics including andesitic basalts and/or basalts and ultramafic

intrusives of the Aurora Group (4). Gabbros cover the remaining northeastern portion of the

block.

Various east-southeast-trending pegmatite dikes and peridotites intrude the northwestern portion

of the Augustus Block, representing the Augustus prospect.

The entire area covering both blocks is intruded by narrow, regionally ubiquitous Proterozoic

diabase dikes (6).

Rock outcrops cover approximately 5% of the property area.

Geological formations in the area are summarized in Figure 7.2.


*--(6)~~~. A./

90000

Property Map

Geology December 14, 2016

286000 288000

0 240 480 960 1.440 C eves

Scale: re 1:24,000 Projection: NAA 1983 0TM lone 1814

286000


Figure 7.2. Property Geology


36



7.4. Mineralization

Although discrete locations bearing significant spodumene mineralization in pegmatites assaying

up to 1.8% Li20 from historic reports, mineralized zones have yet to be defined on the Property.

The Augustus and Canadian Lithium prospects are considered the most promising exploration

targets on the property. Several 330° to 320° striking, steeply to vertically dipping spodumene-

bearing pegmatite dikes intrude granodiorites and metasediments of the La Come batholith.

Most important of these are three parallel dikes located on the extreme south end of Range 01 /

Lot 25 and Lot 26 and continue southeast through the property covering the Canadian Lithium

pegmatite occurrence. Another set of parallel dikes representing the Augustus pegmatite

occurrence are exposed on Range 10 / Lot 33 to Lot 38. These dikes are associated with the La

Corne batholith, considered to be the main source for lithium mineralization, and contain

aggregates of spodumene and lepidolite, accompanied by trace amounts of beryl.




8. DEPOSIT TYPES

Lithium (spodumene)-bearing LCT (lithium-cesium-tantalum) pegmatites

The following information is taken largely from the USGS Open-File Report 2013-1008: A

Preliminary Deposit Model for Lithium-Cesium-Tantalum (LCT) Pegmatites.

Spodumene occurs in lithium-rich granite pegmatites, known as LCT (lithium-cesium-tantalum)

pegmatites. As an industrial mineral, it sees economic importance as a source of lithium,

containing 8% Li20 when pure, with minor amounts of niobium and tantalum. Spodumene's

gemstone varieties are known as hiddenite and kunzite.

LCT pegmatites are a petrogenically-defined subset of granitic pegmatites that are associated

with certain granites. They consist mostly of quartz, potassium feldspar, albite, and muscovite.

Common accessory minerals include garnet, tourmaline, and apatite. The major lithium ore

minerals are spodumene, petalite, and lepidolite; cesium mainly comes from pollucite; and

tantalum mostly comes from columbite-tantalite. The tin ore, cassierite, and the beryllium ore,

beryl, also occur in LCT pegmatites, aslo a number of gemstones and high-value museum

specimens of rare minerals.

Most LCT pegmatites intrude metasedimenary rocks, typically at low-pressure amphibolite to

upper greenschist facies (Cern)', 1992). This type of pegmatite represents the most highly

differentiated and last to crystallized components of granitic melts. is characterized by an

enrichment of lithium, cesium, and tantalum.

Pegmatite complexes can vary from a few metres to a hundred metres in length. Mineralogical

compositions of pegmatite intrusions vary somewhat by region, but typically, pegmatite

intrusions are zoned and show the following structures from the exterior to the interior: 1) the

rim zone is usually very narrow and fine-grained; 2) the wall zone is normally composed of

quartz, feldspar and muscovite and marks the development of larger crystals typical of

pegmatites; 3) the intermediate zone, when present, comprises more complex mineralogy with

varying amounts of economic minerals such as micas, beryl, spodumene, amblygonite, lepidolite,

colombite-tantalite, and casserite; and 4) the central zone is composed mainly of quartz in pods

or automorph crystals. (Paiement, et al., 2016; Theberge, 2011)

In areas of good bedrock exposure, LCT pegmatites are readily recognized: they are light

coloured with enormous crystals. Granitic pegmatites are relatively resistant and tend to stand

above their surroundings.




The identification of possible granitic parents is a key step in evaluating a region for LCT

pegmatite potential. Fertile, peraluminous granites typically contain coarse muscovite that is

green rather than silver; potassium feldspar that is white rather than pink; and accessory garnet,

tourmaline, fluorite, and/or cordierite (Selway and others, 2005). Fertile granites have high

cesium, lithium, rubidium, tin, and tantalum, and low calcium, iron, and magnesium; they also

have unusual elemental ratios (for example, Mg/Li <10 and Nb/Ta <8) (Selway and others,

2005).

LCT pegmatites typically occur in groups, which consist of tens to hundreds of individuals and

cover areas up to a few tens of square kilometres and up to 10 kilometres from the parental

granite, with the distal ones being the most fractionated (Cernÿ, 1991; Breaks and Tindle, 1997).

The most proximal and least evolved pegmatite bodies in an LCT field contain only the standard

rock-forming minerals of an S-type granite. IN the most fractionated pegmatites in successive

regional zones, beryl appears, then columbite, then tantalite and spodumene, and fmally pollucite.

Soil anomalies that can be used to identify LCT pegmatites include arsenic, beryllium, antimony

and tin in a halo of 14-20 km in one case study in lateritic soils, with niobium, tantalum, and

boron forming a smaller 1-5 km halo.




9. EXPLORATION

A site visit was carried out on January 7, 2017. Photographs from the site visit are shown below.

No other exploration has been carried out by the Issuer.

Photo 9.1. Year-round access from Route Québec Lithium. At the time of site visit, road was recently plowed and safe for two-wheel-drive vehicles. Approximately 3 km to the east from the

Property is fully maintained access road to Quebec Lithium inc.


.~~



a

•

Photo 9.2. Western claims showing clear-cutting. Approximately 300 metres north of Route Québec Lithium off access trail.

Photo 9.3. Access to drilling from report GM 03183-B, directly off the Route Québec Lithium.


41



10. DRILLING

No drilling has been completed by the Company. Historical drilling results are covered in

Section 7.




11. SAMPLE PREPARATION, ANALYSES, AND SECURITY

Due to excessive snow cover, no samples were taken on the Property during the site visit.




12. DATA VERIFICATION

12.1. Consultant Site Visit

Case Lewis, P.Geo., Geologist for Pyral Consulting, visited the Property on January 7, 2017. Mr.

Lewis is a Professional Geoscientist registered with OGQ (member #1904).

12.2. Office Based Data Verification

Pyral Consulting obtained historical data, reports and/or resource estimates primarily from the

statutory work filed with the Quebec Ministry of Natural Resources and Wildlife (MRNFQ). The

historical assays could not directly be verified by Pyral Consulting as drill core and surface

samples are no longer available.




13. MINERALOGICAL AND METALLURGICAL TESTING

No mineral processing and metallurgical testing has been completed on the Property.

Canadian Lithium and Augustus Property NT 43-101 Technical Report 45



14. MINERALOGICAL AND METALLURGICAL TESTING

No mineral resource estimates have been completed on the Property.




15. TO 22. DO NOT APPLY TO THE PROPERTY

The Property is still at an early stage of exploration and in this case, Items 15 through 22 do not

apply to the Property.


Hi Ho Silver Resources Inc. Canadian Lithium and Augustus Property Ni 43-101 Technical Report

23. ADJACENT PROPERTIES

The Quebec Lithium Mine property, now owned by Canada Lithium, is located approximately

4.5 kilometres east-southeast of the Augustus claim block.

The Quebec Lithium Mine deposit was first discovered in 1942 and was operational from 1952

to 1962. Total production reached 907,200 tonnes, grading 1.4% Li20 (0.65% Li). The mine

reserves were estimated at 18.14 Mt probable reserves grading 1.3% Li20 (0.60% Li), according

to the MERN entry on the "Mine Québec Lithium" (Entry 32C/05-0021). The geology and

mineralization observed at the Quebec Lithium mine is similar to the geology and mineralization

of the Canadian Lithium and Augustus prospects, consisting of a series of pegmatite dikes which

intrude the granodiorite of the La Corne batholith. Mineralization consists of spodumene, beryl,

columbite-tantallite, molybdenite, bismuthenite, and lepidolite. The most significant

concentrations of spodumene are found near the contact between the granodiorite and the

metasediments-metavolcanic unit, as appears to be the case with the Augustus and Canadian

Lithium Prospects.

The Property boundary map is shown in Figure 23.1.




igure 23.1. Adjacent properties F


49



24. OTHER RELEVANT DATA AND INFORMATION

This technical report contains no formal disclosure relating to:

• mineral resources • mineral reserves • mining methods • project infrastructure • market studies and contracts

• capital and operating costs • economic analysis

There is no additional information or explanation necessary to ensure that the technical report is understandable and not misleading.




25. INTERPRETATION AND CONCLUSIONS

Pyral Consulting has reviewed the historical data available for the Canadian Lithium and

Augustus Property and conducted its own due diligence in analyzing historical data and

exploration potential of the Property.

It is the recommendation of the Consultants that this Property be further explored, particularly

around the historical Canadian Lithium and Augustus showings. A stripping and channel

sampling program is recommended, in addition to mapping in and around the occurrences along

with geophysics (IP and magnetic), to be followed up with drilling. As the pegmatite occurrences

strike roughly WNW-ESE, mapping, stripping and channel sampling, and/or drilling should

focus on determining the extent to which the pegmatite occurrences continue across the Property.

Canadian Lithium and Augustus Showings

Based on historical information available, particularly from the drilling carried out during the

1950s, the Canadian Lithium and Augustus showings appear to be highly prospective for bulk

tonnage spodumene mineralization.

Lithium Chalet Showing

Also noted as a potential target for further exploration is a previously untested 1,000 by 1,500-

metre area located approximately 300 metres directly south of the Canadian Lithium prospect.

This area has seen limited exploration in the past and warrants closer attention, as several

pegmatite dikes are indicated in this area by the MERN regional geological map. This area is

also host to the Lithium Chalet showing, first identified by Mineral Hill Industries in 2010.

Due to the limited outcrop exposure in the vicinity of the showing, an IP survey followed by

stripping and channel sampling is recommended to start, in order to determine the extent of the

mineralization here.



26. RECOMMENDATIONS

Pyral Consulting recommends the following two phases of work on the Property:

• Phase 1 — mapping, stripping and channel sampling, magnetic and IP (induced

polarization) geophysical surveys

• Phase 2 — exploration diamond drilling

15.1. Phase 1— Trenching and Mapping Survey

Exposure is relatively uncommon with the exception of the pegmatite showings around the

Canadian Lithium and Augustus showings. Therefore, a detailed mapping campaign should be

accompanied by stripping and channel sampling in areas of excessive overburden, focusing in

the vicinity of the historically-identified spodumene mineralization near the Canadian Lithium

and Augustus showings. The IP survey may aid in locating buried pegmatite bodies.

It is recommended that a series of at least 10-20 trenches be excavated, mapped, and channel

sampled at 1 metre intervals. Geochemical analysis should be carried out on the samples,

utilizing 4-acid digestion, including at least An, As, Be, Bo, Ce, Li, Nb, Rb, Sb, Sn, and Ta,

which may serve as indicators for LCT pegmatite intrusions. Sampling should utilize standards

and blanks placed at regular intervals.

Total cost for Phase 1 stripping, channel sampling, and mapping will be approximately $157,377.

15.2. Phase 2 — Exploration Diamond Drilling

Independent of the success of Phase 1, Pyral Consulting also recommends an initial diamond

drilling campaign of approximately 2,000 metres of drilling in 10-15 drill holes across the

Property, particularly across the Canadian Lithium and Augustus pegmatites, in order to confirm

the historical results from the 1955 drilling campaign carried out by Canadian Lithium Corp and

to expand the mineralized zones on the property.

Geochemical analysis should be carried out on the samples, utilizing 4-acid digestion, including

at least An, As, Be, Bo, Ce, Li, Nb, Rb, Sb, Sn, and Ta, which may serve as indicators for LCT

pegmatite intrusions. Sampling should utilize standards and blanks placed at regular intervals.

An approximate budget for this phase is shown in Table 26.2.

Total cost for Phase 2 will be approximately $445,093 and is independent of the success of Phase

1. Both phases combined will total $602,470.



Table 26.1. Estimated Budget for Phase 1 Stripping (excluding tax)

Item Qty Unit Cost/unit Subtotal Trench sampling assay cost I 400 units $65 $26,000

Project Geologist / QP 21 days $650 $13,650

Geotechnicians (x 3) 63 days $450 $28,350 Equipment and Personnel

Mobilization / Travel Costs 1 $7,500 $7,500

Excavator Rental + Operator 14 days $2,000 $28,000 Rock Saw Rental 21 days $150 $3,150

Project Mileage 4,000 km $0.65 $2,600 Food and lodging 84 days x

persons $200 $16,800

Acquiring Permits and Communicating with Land

Owners

3 days $650 $1,950

UAV Rental 7 days $300 $2,100

Orthophoto Processing 1 r units $3,500 $3,500 — Reporting, interpretation, and

filing of assessment reports with L MERN

1 units $3,250 $3,250

15% budget contingency $20,527

Totals 1 $157,377


1



Table 26.2. Estimated Budget for Phase 2 (excluding tax)

Unit Cost/unit 1 Subtotal

Diamond drilling 2,000 metres $100 $200,000

L Drill core assay cost 2,000 metres $65 $130,000

I Project Geologist / QP, 25 days $650 $16,250 1

Geotechnicians (x 1) 25 days $450-1 $11,250

1 Equipment and Personnel Mobilization / Travel Costs

1

L

$20,000 I $20,000

Core Saw Rental 21 days j $150 $3,150

Project Mileage 7,500 km $0.65 $4,875

Food and lodging 100 days x 4 persons

$200 $20,000

Acquiring Permits and Communicating with Land Owners

i 4 days $650 $2,600

Reporting, interpretation, and filing of assessment reports with MERN

1 units $5,000 $5,000

15% budget contingency $31,968

Totals L $445,093

15.3. Quality Control

It is recommended to implement a rigorous quality control program in future exploration work.

This will permit the usage of sample assay results to be incorporated in a potential future

resource estimation, if one is completed. An industry-standard QA/QC program would include:

• Inserting standards and blanks at regular intervals;

• Inserting core duplicates in regular intervals;

• Inserting pulp duplicates and prep duplicates (selected at crushing phase) at regular

intervals; and

• Submitting a portion of pulp rejects from newly acquired drilling to an umpire laboratory

for check assaying.



27. REFERENCES

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DIAMOND DRILL RECORD, PROJECT 660 (GM 30844).

BEAUCHEMIN, A, CARAGHIAUR, E, LAVERTU, R. (1948). QUEBEC LITHIUM CORP:

DIAMOND DRILL HOLE (GM 02688-B).

Boily, M. (1989). La metallogenie des metaux de haute technologie en Abitibi-Temiscaminque,

Ministry of Energy and Resources (MB 89-29).

Boily, M. (2010). Geological Report on the Canadian Lithium Property.

Bradley, D., & McCauley, A. (2013). USGS Open-File Report 2013-1008: A Preliminary

Deposit Model for Lithium-Cesium-Tantalum (LCT) Pegmatites. USGS.

Breaks, F.W. and Tindle, A.G. (1997). Rare-element exploration potential of the Separation

Lake area: an emerging target for Bikita-type mineralization in the Superior Province of

Ontario: Ontario Geological Survey, Open File Report 5966, 27 p.

Brett, P. (1976). Lacorne Township. Quebec Dept. of Natural Resources Preliminary Report No

428 Map No 1339 at 1:12000.

Card, K., & Ciesielski, A. (1986). DNAG #1. Subdivisions of the Superior Province of the

Canadian Shield.

ernÿ, Petr. (1991). Rare-element granitic pegmatites, part II—Regional to global environments

and petrogenesis: Geoscience Canada, v. 18, no. 2, p. 68-81.

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393-416.

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Manitoba, and the origin of lepidolite-subtype granitic pegmatites: Lithos, v. 80, nos. 1-4,

p. 305-321.

CHUBB, F W. (1948). Canadian Lithium Corp: DIAMOND DRILL HOLE (GM 00744).




D'AMOURS, I. I. (2012). DP 2012-04 : LEVE MAGNETIQUE HELIPORTE DANS LE

SECTEUR DE MALARTIC, ABITIBI .

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LITHIUM CO LTD: DIAMOND DRILL HOLE LOGS (GM 03952).

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DES TRAVAUX , DE GEOPHYSIQUE AU SOL, LEVES MAGNETIQUES CHAMP

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32C05-101.

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28. CERTIFICATE OF QUALIFIED PERSON

I, Case Lewis, resident at #142 — 757 West Hastings St, Vancouver, BC, Canada hereby certify that:

• I am a geologist affiliated with Pyral Consulting, with a business address at #142 — 757 West Hastings St, Vancouver, BC, Canada V6C lAl.

• The report to which this certificate applies is entitled: Hi Ho Silver Resources Inc. - Technical Report on the Canadian Lithium and Augustus Property, Quebec, Canada.

• I am a graduate of the University of Alberta with a Bachelor of Science Degree (Specialization Geology). I have practiced my profession continuously since 2007. I am a member in good standing and registered Professional Geologist (P.Geo.) with the Association of Professional Geoscientists of Ontario (member #2444) and a registered Professional Geologist (P.Geo.) with the Ordre de Geologues du Quebec (member #1904). My relevant experience is eight years' professional practise as a consulting geologist working in mineral exploration.

• I was formerly a director on two publicly traded TSX-V listed mineral exploration companies and I have acted as QP and technical advisor for several other mineral exploration companies.

• I am a "Qualified Person" for purposes of National Instrument 43-101 (the "Instrument").

• My most recent personal inspection of the Property was January 7, 2017 for 1 day.

• I am responsible for all sections of the technical report.

• I am independent of Hi Ho Silver Resources Inc. as defined by Section 1.5 of the Instrument.

• I have no prior involvement with the Property that is the subject of the Technical Report.

• I have read the Instrument and the sections of the Technical Report that I am responsible for have been prepared in compliance with the Instrument.

• As of the date of this certificate, to the best of my knowledge, information and belief, the sections of the Technical Report that I am responsible for contain all of the scientific and technical information that is required to be disclosed to make the Technical Report not misleading.

Signed and date this 1st s : of February, 2017 at Vancouver, British Columbia, Canada.

Case Lewis, P.Geo. Professional Geologist (OGQ #1904) Pyral Consulting
