Perfect Time to Reshape the Golden Triangle in British Columbia

July 27, 2020

Report #1 Gold, Silver, Copper in British Columbia, Canada

Company Details

Core Assets Corp.

Suite 1450 – 789 West Pender Street Vancouver, BC, V6C 1H2 Canada Phone: +1 604 681 1568 Email: info@coreassetscorp.com www.coreassetscorp.com Incorporation Date: April 20, 2016 Listing Date: July 27, 2020 CUSIP: 21871U05 ISIN: CA21871U1057

CORE ASSETS CORP. TO GO PUBLIC TODAY

Shares Issued & Outstanding: 21,216,000

PERFECT TIME TO RESHAPE THE GOLDEN TRIANGLE IN BC Today at market open in Canada, the shares of Core Assets Corp. are expected to commence trading on the CSE under the symbol “CC“. As management and insiders control over 60% of the 21.2 million issued shares under an Escrow Agreement, a tight shareholder structure has been created with no warrants or options currently outstanding. With its Blue Property near Atlin in northwestern British Columbia, Core Assets is on a mission to delineate a gold-silvercopper skarn and/or porphyry deposit similar to those found in the prolific Golden Triangle exploration and mining region.

Gold and copper prices are on fire, and investors are pouring loads of money into one of the world‘s hottest mining plays: British Columbia‘s Golden Triangle.

Many of the world‘s largest gold, silver and copper deposits have been found in the Golden Triangle, however due to a combination of factors (e.g. low gold prices and a lack of infrastructure), the region was laying dormant for a while.

Now, the picture has changed completely: The Golden Triangle is re-awakening big time – thanks to major

new discoveries made with modern exploration methods and massive infrastructure projects being completed (e.g. new highways, ocean port facilities, high-voltage transmission lines).

Since March 2020, the USD prices for gold and copper have soared by 30% and 40%, respectively, during which time over $80 million CAD of capital was raised for advancing projects in the Golden Triangle. The sleepy days are over, the hotbed for mineral discoveries and riches is readily awake now and at the center of investors‘ attention.

Chart Canada (CSE)

Canadian Symbol (CSE): CC Current Price: Market Capitalization: German Symbol / WKN: Not Listed

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Despite over 130 million ounces of gold, 800 million ounces of silver and 40 billion pounds of copper already found in Golden Triangle‘s rugged terrain, significant discovery potential remains.

With glacial ice and snow retreating in many parts of the region, new geological explanations and modern exploration methods are paving the way for new discoveries in the making.

The gold rush in the Golden Triangle has already started, with dozens of companies actively exploring projects to create shareholder value and to refine the boundaries of the triangle.

Who's Raising Capital in BC's Golden Triangles?

Project

Company

Stock Symbol

Stock Performance Since March

Market Cap.

KSM

Seabridge Gold Inc.

TSX: SEA

246%

$1.69 Billion

Eskay Creek Treaty Creek SIB Scottie, Cambria Thorn, Atlin Snoball Porter, Willoughby Forrest Kerr American Creek Blue

Skeena Resources Ltd. Tudor Gold Corp.

Eskay Mining Corp.

Scottie Resources Corp.

Brixton Metals Corp.

Evergold Corp.

Strikepoint Gold Inc. Aben Resources Ltd. Mountain Boy Minerals Ltd. Core Assets Corp.

TSX: SKE TSX.V: TUD TSX.V: ESK TSX.V: SCOT TSX.V: BBB TSX.V: EVER TSX.V: SKP TSX.V: ABN TSX.V: MTB CSE: CC

462% 567% 300% 285% 206% 321% 750% 166% 119% -

$502 Million $427 Million $57 Million $45 Million $36 Million $23 Million $21 Million $14 Million $12 Million ?

Average:

342%

Capital Raises April: $14.1 Million @ $11.75/share; June: $11.36 Million Bought-Deal @$32.94/share = 45.6% Premium to previous day closing price when announced on May 25 March/April: $33 Million @ $1.05/flow-through share and @ $1.155/superflow-through share July: $9.3 Million @ $1.40/flow-through share June: $2.79 Million @ $0.25/flow-through unit and @ $0.17/working-capital unit May: $3.54 Million @ $0.24/flow-through share; June: $968,000 @ $0.22/unit July: Currently raising up to $4 Million @ $0.25/unit and @$0.28/flow-through share May: $1.18 Million @ $0.67/flow-through share July: $1.955 Million @ $0.085/unit July: $1.04 Million @ $0.10/unit and @ $0.12/flow-through unit July: $2 Million @ $0.25/unit and $1.25 Million @ $0.30/flow-through share March: $55,000 @ $0.05/share; June: $99,800 @ $0.05/share

Over $85 Million in Capital Raises Since March 2020

All figures in CAD, rounded, as of July 24, 2020 as per Stockwatch.com data ( stock performances since March-2020-low ). With the exception of Brixton Metals Corp., all mentioned capital raises have been closed. Note that stated share price performances, market capitalizations and capital raises of other companies are not necessarily indicative of the potential of Core Assets Corp. and its Blue Property and should not be understood or interpreted to mean that similar results will be obtained from Core Assets Corp. and its the Blue Property.

Select exploration, development and mining projects in the “Golden Triangles“ of British Columbia (Greens Creek Mine located in Alaska). Above stated numbers may be rounded, from companies‘ public disclosure (Koz = thousand ounces; Moz = million ounces; Blb = billion pounds; Eq = Equivalent; M+I = Measured & Indicated Resources; P+P = Proven & Probable Reserves). Note that results of above stated past producers, active mines, exploration and development projects in the region are not necessarily indicative of the potential of the Blue Property and should not be understood or interpreted to mean that similar results will be obtained from the Blue Property. The historical information in reference to the drill hole (1973) on the Blue Property from Core Assets Corp. is relevant only as an indication that some mineralization occurs on the Blue Property, and no resources, reserve or estimate is inferred. A qualified person has not done sufficient work to classify the historical information as current mineral resources or mineral reserves; and neither Rockstone nor Core Assets Corp. is treating the historical information as current mineral resources or mineral reserves.

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Historical Exploration The Blue Property has undergone some historical exploration programs in the past, focusing mainly on the coppergold-silver mineralization in skarns.

“Exploration on the Blue Property began in 1899... the Laverdiere brothers, drove four adits, worked a drift, and open cuts. The four adits are referred to as the North adit, the French adit, the South adit, and the Laverdiere adit. The North, French, and South adits were respectively driven for lengths of 6 m, 47 m, and 65 m; the Laverdiere adit caved and its length is unknown (White, 1971).” (Source: Technical Report on the Blue Property, 09/2019) “In 1973 Rio Plata Silver Mines Ltd. commenced diamond drilling on the property yielding 175.0 meters of 0.27% copper from surface, including 27.0 meters of 1.2% Cu approximately 15 meters south of the “French Adit.” (Source) “The historic French adit, which is still accessible, transects a magnetite skarn and truncates approximately 47 m from its portal against the granodiorite...

Historic drilling on the Blue Property, conducted by Rio Plata Silver Mines Ltd. in 1973, also encountered copper mineralization in DDH 2-73, that Fustos (1974), describes as “porphyry type”...

The well-fractured and moderately altered granitic rock of DDH 2-73 from 0 to 175.4 m, had an average copper grade of 0.27%; scheelite was also observed... Rio conducted a 176 line-kilometer aeromagnetic survey between August 6 to August 8, 1973.

The aeromagnetic survey indicated a new area of skarn mineralization and two areas of possible porphyry mineralization (Nielsen and Phelps, 1973).” (Source: Technical Report on the Blue Property, 09/2019) The historical information is relevant only as an indication that some mineralization occurs on the property, and no resources, reserve or estimate is inferred. A qualified person has not done sufficient work to classify the historical

Mineralized talus below an outcrop exposure (found during the 2018 exploration program which “confirmed the copper, silver, and gold mineralization potential of the Blue Property.”) (Source: Technical Report on the Blue Property, 09/2019)

The Blue Property (1,126 hectares) is located 48 km southwest of Atlin, BC. (Source: Technical Report on the Blue Property, 09/2019)

information as current mineral resources or mineral reserves; and neither Rockstone nor Core Assets Corp. is treating the historical information as current mineral resources or mineral reserves.

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2018 Exploration Program The 2018 exploration program on the Blue Property “consisted of the collection of 28 rock grab samples: four grab samples from bed rock in the historical “French Adit” sampled every 10-12 meters; six grab samples from the exterior area of the “French Adit” (rubble from potential mine dump); and two samples from bedrock, 10 meters south of the “French Adit”. Eleven samples were taken from bedrock in the area of the historical “North Adit” and five samples were collected from areas of the northernmost extent of the property. All areas of sampling returned very promising assay values.

Rocks sampled from the “French Adit” area assayed up to 1.56 g/t gold, 43.3 g/t silver and 8.46% copper. Rocks sampled from the “North Adit” area assayed up to 1.57 g/t gold, 46.5 g/t silver and 1.86% copper.” (Source) According to the Technical Report on the Blue Property (09/2019): “Mineralized Zones: Mineralization on the Blue Property is hosted by a magnetite skarn with the principal observed ore minerals represented by magnetite and iron-copper sulphides; these are accompanied by variable amounts of gold and silver based on assay values. ”Deposit Types: The Au-Ag-Cu mineralization of the Blue Property is hosted by an Fe (Cu) classed skarn known as the Laverdiere prospect (Ray, 1997). Fe skarns are characteristically controlled by pluton margins, stratigraphic contacts, and local structures (Ray, 2013).

Morphologically, Fe classed skarns typically occur as sheets, massive lenses, or stratiform bodies... There are at approximately 735 skarn occurrences in British Columbia and of these roughly 146 of them are classed as Fe skarns.

Tectonically, Fe skarns are associated with rifted continental margins, synorogenic continental margins, and island arcs. While many skarns are barren, it is also possible for them to contain significant quantities of economic minerals such as Au, Sn, Fe, Cu, Mo and W. (Ray, 2013)... Ore mineralogy in Fe skarn

Mineralized outcrop exposure with a malachite (Cu2[(OH)2|CO3]) rind on weathered surface. (Source: Technical Report on the Blue Property, 09/2019)

deposits is characterized by magnetite with subordinate minerals including but not limited to chalcopyrite, pyrite, cobaltite, pyrrhotite, arsenopyrite, sphalerite, galena, molybdenite, bornite, hematite, martite, and gold... A proxy for porphyry systems is a spatially and genetically associated volume of hydrothermally altered/mineralized rock, like magnetite skarns. Porphyrys

vary in size from relatively small systems consisting of a few million tonnes, to giants of a few billion tonnes; mineralization in these types of systems usually occurs as vein stockworks that host disseminated sulphides of copper, like chalcopyrite, and may have accompanying tungstates, like scheelite. Cu grades in porphyry systems commonly grade from 0.2% to 2%.“

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2019 Exploration Program and 2020 Plans

Work completed by Core Assets to date on the Blue Property consists of a 2D resistivity/induced polarization geophysical survey over a portion of the property in June 2019.

According to the Technical Report on the Blue Property (09/2019): “[...] additional anomalous zones of high chargeability and low resistivity occurring approximately 150 m below the modeled topography have been identified... The 2019 resistivity/ induced polarization, geophysical survey successfully confirmed the ability to detect skarn mineralization at depth based on the known surface extents and historic drill logs.

Additionally, the survey identified moderate chargeability anomalies up the hillside to the west of Hoboe Creek that can be drill tested... this area has mapped exposures of granitic rocks and therefore are considered to be porphyry style mineralization targets, similar to the mineralization recorded in historical DDH 2-73.“

Source: Core Assets’ Prospectus of July 7, 2020 as filed on SEDAR.

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Visible bornite (Cu5FeS4) in magnetite-rich limestone collected in 2018 from outside the “French Adit” on the Blue Property.

The striking iridescence of blue to purple tarnish gives bornite its nickname “Peacock Ore“. (Source)

Malachite (Cu2[(OH)2|CO3]) rind on weathered surface of an outcrop on the Blue Property. (Source)

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Regional & Property Geology “A major regional structure, the Llewellyn fault, juxtaposes the Nisling terrane, a Proterozoic to lower Paleozoic aged continental margin assemblage (west), against the Upper Triassic to Middle Jurassic northern Stikine terrane (east)...

The Llwellyn fault exceeds 100 km in length, striking northwest from the Tulsequah area to the British Columbia-Yukon border. It is characterized as a steeply dipping, brittle dextral strike-slip structure (Mihalynuk et al., 1994, 1999)...

In this area, the Stikine terrane is comprised of Upper Triassic strata belonging to the Stuhini Group; this group consists

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of limestones, arkosic sandstone, basaltic flows and breccia, debris-flow conglomerate, turbiditic volcanic sandstone, and argillite (Bultman, 1979; Milhalynuk and Mountjoy, 1990). The northwestern part of the Stikine terrane is an exceptionally prolific area for economic ore deposits and has been dubbed “The Golden Triangle”. The rocks of this area are known to host volcanogenic massive sulphide, alkaline porphyry Cu-Au, and epithermal precious metal deposits.

The lowermost unit of the Stuhini Group, east of the Llwellyn fault zone, is a sheared, brecciated, and locally calcite veined basalt. Intrusive granitic units on the Blue Property are comprised of biotite granite to granodiorite and biotite-hornblende granite to alaskite. These granitic intrusions dominantly span a temporal range from the Late Triassic to the Mid-Cretaceous, though younger intrusives of smaller relative volumes occur throughout the area (Jackson et al., 1990).

”Exposures of lithologies belonging to the Stuhini Group are poorly represented on the Property, dominantly occurring along its eastern or northern borders.

”The Blue Property straddles the eastern boundary of the Coast Belt and the western boundary of the Intermontane Belt ... along the Hoboe Creek Valley in the Canadian Cordillera... The Coast Belt is comprised of mainly granitic rock spanning a Jurassic through Cenozoic temporal range. The remainder of the Coast Belt are Proterozoic, at the latest, to Holocene complexly deformed, high grade metamorphic sedimentary and volcanic rocks formed in magmatic arcs or accretionary complexes (Monger and Price, 2002).

The Intermontane Belt in northwestern British Columbia is represented by the Stikine physiographic unit. Sedimentary, granitic, and volcanic rocks geologically define the Intermontane Belt spanning the following facies and temporal ranges: Devonian to Early Jurassic island arcs and accretionary complexes; Middle Jurassic to Cenozoic continental arc, marine, and terrestrial clastics; Devonian to Cenozoic granitic rocks (Monger and Price, 2002).” (Source: Technical Report on the Blue Property, 09/2019)

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Active mining and exploration projects Skeen Region, 2014 (Blue Property added by Rockstone) Source: Kyba, J., 2015. Exploration and mining in the Skeena Region, British Columbia. In: Exploration and Mining in British Columbia, 2014. British Columbia Ministry of Energy and Mines, British Columbia Geological Survey, Information Circular 2015-2, pp. 97-114

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DISCLAIMER AND INFORMATION ON FORWARD LOOKING STATEMENTS Rockstone Research, Zimtu Capital Corp. (“Zimtu“) and Core Assets Corp. (“Core“) caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to Core´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through Core‘s documents filed on SEDAR at www. sedar.com. All statements in this report, other than statements of historical fact, should be considered forward-looking statements. Statements in this report that are forward looking include that it‘s the perfect time for Core to reshape the Golden Triangle in BC; that a redefinition of the Golden Triangle is in progress and will be completed; that Core will start trading on the CSE today; that Core is on a mission to to delineate a copper-gold skarn and/or porphyry system similar to those found in the prolific Golden Triangle exploration and mining region; that copper and gold prices will continue its current upward trend, and that investors will continue to pour money into projects in the Golden Triangle; that the Golden Triangle is re-awakening big time – thanks to major new discoveries made with modern exploration methods and massive infrastructure projects being completed (e.g. new highways, ocean port facilities, high-voltage transmission lines); that the sleepy days are over and that the hotbed for mineral discoveries and riches is readily awake now and at the center of investors‘ attention; that significant discovery potential remains in the Golden Triangle; that with glacial ice and snow retreating in many parts of the region, new geological explanations and modern exploration methods are paving the way for new discoveries in the making; that the gold rush in the Golden Triangle has already started, with dozens of companies actively exploring projects to create shareholder value and to refine the boundaries of the triangle; that Core will conduct an exploration program on the Blue Property in 2020. Such forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that Core and/or its partner will not find adequate financing to proceed with its plans; that management members, directors or partners will leave the company; that the option agreement to acquire the Blue Property will not be completed and that the property returns back to the vendors; that Core will not fulfill its contractual obligations; there may be no or little geological or mineralization similarities between the Blue Property and other properties in BC‘s Golden Triangle or elsewhere; that uneconomic mineralization will be encountered with sampling or drilling; that the targeted prospects can not be reached; that exploration programs, such as mapping, sampling or drilling will not be completed; that uneconomic mineralization will be encountered with drilling, if any at all; changing costs for exploration and other matters; increased capital costs; interpretations based on current data that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits may prove with further test work not to be comparable; mineralization may be much less than anticipated or targeted; intended methods and planned procedures may not be feasible because of cost or other reasons; the availability of labour, equipment and markets for the products produced; world and local prices for metals and minerals; that advisory terms may be changed or no positive results from the advisory are reached; and even if there are considerable resources and assets on any of the mentioned companies‘ properties

Report #1 | Core Assets Corp.

or on those under control of Core, these may not be minable or operational profitably. The writer assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law. Cautionary notes: Stated share price performances, market capitalizations and capital raises of other companies are not necessarily indicative of the potential of Core Assets Corp. and its Blue Property and should not be understood or interpreted to mean that similar results will be obtained from Core Assets Corp. and its the Blue Property. Results of stated past producers, active mines, exploration and development projects in the region are not necessarily indicative of the potential of the Blue Property and should not be understood or interpreted to mean that similar results will be obtained from the Blue Property. The historical information on the Blue Property is relevant only as an indication that some mineralization occurs on the Blue Property, and no resources, reserve or estimate is inferred. A qualified person has not done sufficient work to classify the historical information as current mineral resources or mineral reserves; and neither Rockstone nor Core Assets Corp. is treating the historical information as current mineral resources or mineral reserves.

DISCLOSURE OF INTEREST AND ADVISORY CAUTIONS Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned.

Rockstone, its owners and the author of this report are not registered broker-dealers or financial advisors.

Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including Rockstone’s report, especially if the investment involves a small, thinly-traded company that isn’t well known. The author of this report, Stephan Bogner, is not a registered financial advisor and is paid by Zimtu Capital Corp. (“Zimtu”), a TSX Venture Exchange listed investment company. Part of the author’s responsibilities at Zimtu is to research and report on companies in which Zimtu has an investment or is being paid to conduct shareholder communications. So while the author of this report may not be paid directly by Core Assets Corp. (“Core”), the author’s employer Zimtu is being paid and will benefit from appreciation of Core’s stock price. Zimtu is an insider and control block of Core by virtue of owning more than 20% of Core’s outstanding stock. The author also owns equity of Core, as well as of Zimtu Capital Corp., and thus would also benefit from volume and price appreciation of its stocks. Core pays Zimtu to provide this report and other investor awareness services. Core has one or more common directors with Zimtu. Overall, multiple conflicts of interests exist. Therefore, the information provided should not be construed as a financial analysis but as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable but may not be. Rockstone and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned will perform as expected, and any comparisons made to other companies may not be valid or come into effect. Please read the entire Disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this website or any of its pages including this report in form of a PDF. By using this website and/or report, and whether or not you actually read the Disclaimer, you are deemed to have accepted it. Information provided is for entertainment and general in nature. Data, tables, figures and pictures, if not labeled or hyperlinked otherwise, have been obtained from Core Assets Corp., Stockwatch.com, and the public domain. The (amended) cover pictures on page 1 have been obtained and licenced from Sunward Art and wacomka, respectively.

Author Profile & Contact Stephan Bogner (Dipl. Kfm., FH) Rockstone Research 8260 Stein am Rhein, Switzerland Phone: +41 44 5862323 Email: sb@rockstone-research.com Stephan Bogner studied Economics, with specialization in Finance & Asset Management, Production & Operations, and Entrepreneurship & International Law, at the International School of Management (Dortmund, Germany), the European Business School (London, UK) and the University of Queensland (Brisbane, Australia). Under Prof. Dr. Hans J. Bocker, Stephan completed his diploma thesis (“Gold In A Macroeconomic Context With Special Consideration Of The Price Formation Process”) in 2002. A year later, he marketed and translated into German Ferdinand Lips‘ bestseller “Gold Wars“. After working in Dubai’s commodity markets for 5 years, he now lives in Switzerland and is the CEO of Elementum International AG specialized in the storage of gold and silver bullion in a high-security vaulting facility within the St. Gotthard Mountain in central Switzerland.

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