DAMOTI LAKE GOLD DEPOSIT

(Click map to enlarge)

HIGHLIGHTS

Gold mineralization hosted in folded iron-formation associated with sulphides
High-grade near surface opportunity
Small high-grade deposit previously outlined
Existing underground development via ramp (limited)
Potential for resource expansion
Nighthawk drilled over 13,000m in 2009 and 2010
Drilling successfully expanded known zones and discovered new ones
100% owned subject to a 2% NSR royalty

The Damoti Lake gold deposit lies 28 kilometres south of Colomac. Mineralization is hosted in folded iron-formation associated with fold related fracturing and hydrothermal alteration where gold is preferentially located within fold noses and parasitic structures. A small historical, but high-grade, near-surface deposit was previously defined showing excellent expansion potential (see press release dated, November 17, 2005, for Anaconda Gold Corp.)

An independent, National Instrument 43-101 compliant resource estimate was completed in September 2005 for Anaconda Gold Corp. (Refer to report “Technical Report and Resource Estimate on the Damoti Lake Property, Northwest Territories, Canada”, dated December 22, 2005, available under Anaconda’s profile at www.sedar.com), who at the time were considering a mining operation that targeted the highest-grade portion of the deposit. Using a cut-off grade of 8.00 gpt Au, the measured and indicated mineral resource estimate for the deposit totaled 40,600 tonnes grading 26.17 gpt Au, with a further inferred mineral resource estimate of 17,800 tonnes grading 16.38 gpt Au. Resources completed prior to the implementation of NI 43-101 are referenced in the technical report and suggest the potential for a larger lower grade deposit. Damoti was also the subject of a 1996 underground exploration program via a shallow ramp into the heart of the high-grade resource.

In 2009 and 2010 Nighthawk drilled a total of 13,647 metres to explore for new zones throughout the property (Table 1). Damoti is important to the consolidation of the Indin Lake Gold Camp, as it represents a very high-grade satellite deposit that could augment any future Colomac gold production. It also reveals an opportunity that regional assets may represent in terms of grade and contained gold ounces to strengthen Nighthawk’s 100% controlled regional play centered on Colomac, a mutli-million-ounce deposit with significant growth possibilities.

Numerous drill ready targets exist on the property that the Company will be testing later in the 2018 program.

Table 1. 2009 - 2010 Damoti Project Drill Highlights

Hole ID	Core Length (metres)	Gold Grade (g/t)	Mineralized Zone	News Release
Hole ID	Core Length (metres)	Gold Grade (g/t)	Mineralized Zone	News Release
D09-377	23.50	13.91	Horseshoe	August 25, 2009
including	9.60	20.95	Horseshoe	August 25, 2009
D09-380	22.30	9.31	Horseshoe	August 25, 2009
including	4.60	22.06	Horseshoe	August 25, 2009
D09-382	5.00	21.35	Horseshoe	September 16, 2009
including	2.65	39.60	Horseshoe	September 16, 2009
D09-387	6.90	4.31	Horseshoe	October 27, 2009
D09-389	6.00	4.53	Horseshoe	October 27, 2009
D09-389B	4.25	7.81	Horseshoe	October 27, 2009
including	1.80	17.68	Horseshoe	October 27, 2009
D10-416B	8.00	16.12	Red Mountain	July 6, 2010
including	1.50	60.25	Red Mountain	July 6, 2010
D10-418	3.00	7.93	Red Mountain	July 6, 2010
including	1.80	12.40	Red Mountain	July 6, 2010
	16.25	2.60	Red Mountain	July 6, 2010
including	4.25	6.84	Red Mountain	July 6, 2010
D10-20B	20.00	5.60	Red Mountain	August 4, 2010
including	8.50	9.81	Red Mountain	August 4, 2010
D10-394C	38.50	3.24	BIF Island	May 18, 2010
including	6.50	8.62	BIF Island	May 18, 2010
D10-396B	22.50	5.81	BIF Island	May 18, 2010
including	10.25	10.53	BIF Island	May 18, 2010
D10-397	28.15	4.76	BIF Island	May 18, 2010
including	7.00	15.85	BIF Island	May 18, 2010

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