Radisson is a Quebec-based gold exploration company. The O’Brien project, cut by the world renowned Larder-Lake-Cadillac Break, is Radisson’s flagship project. The project hosts the former O’Brien Mine, considered to have been the Abitibi Greenstone Belt’s highest-grade gold producer during its production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; InnovExplo, May 2018).

Radisson generates value for its shareholder through the acquisition, exploration and development of mining projects in a sustainable manner. Radisson is pursuing the advanced exploration of the O’Brien project.

Project

The O’Brien project, cut by the regional Larder-Lake-Cadillac Fault, is Radisson’s main asset. The former O’Brien Mine, is considered to have been the Abitibi Greenstone Belt’s highest-grade gold producer during its production (1,197,147 metric tons at 15.25 g/t Au for 587,121 ounces of gold from 1926 to 1957; InnovExplo, May 2018).

Location

Radisson’s head office is located in Rouyn-Noranda, 650 km North West of Montreal, Quebec. In 2017, the Fraser Institute ranked the jurisdiction of Quebec in sixth place worldwide for its attractiveness for mining investment.

The O’Brien project is located half way between Rouyn-Noranda and Val-d’Or along the world-renowned Larder-Lake-Cadillac fault. The area is renowned for its world-class mining infrastructure, working pool and the mining knowledge the local contractors have built in the past.

Table 2. O’Brien gold project Mineral Resource Estimate, March 2, 2023

Cut-off GradeIndicated resourcesInferred resources
Tonnage (t)Grade (g/t Au)Metal (oz Au)Tonnage (t)Grade (g/t Au)Metal (oz Au)
4.5 g/t Au1,517,00010.26501,0001,616,0008.64449,000
Notes
1. CIM (2014) definitions were followed for Mineral Resources.
2. Mineral Resources are reported above a cut-off grade of 4.5 g/t Au based on a C$230/t operating cost and 1.25 exchange rate.
3. Mineral Resources are estimated using a gold price of US$1,600/oz Au and a metallurgical recovery of 85%.
4. Bulk density varies by deposit and lithology and ranges from 2.00 t/m³ to 2.82 t/m³.
5. Vein wireframes were modelled at a minimum width of 1.2 m.
6. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

Board of directors

Denis Lachance

Chairman of the Board of Directors, Interim President & CEO

Mining engineer graduated from Laval University in 1981, Mr. Lachance has extensive experience in development, production and mining of base and precious metal deposits. Over the past few years, Mr. Lachance has held several management positions in major mining projects, allowing him to apply his expertise both in Canada and abroad. Until very recently, he was President of Koniambo Nickel SAS from 2008 to 2012, a multibillion-dollar joint venture between Xstrata Nickel and the Sociéte Minière du Sud Pacifique, which is developing one of the world’s largest nickel deposits in French overseas territory New Caledonia. He also served as Vice President of Operations at Falconbridge Ltd. (Raglan), and occupied various executive positions at Noranda Inc., TVXGold Inc. (Casa Berardi) and Agnico Eagle Mines Limited (Joutel Division and Goldex project). Mr. Lachance also serves on the board of directors of various private companies and non profit organizations.

Denis Bois

Director

Mr. Bois brings with him near 40 years of experience in the mining sector. Following his graduation in geological engineering from Laval University he worked in the mining industry on the Quebec north shore before moving to Abitibi. He started teaching at College of Abitibi-Témiscamingue (“AT”) and in 1989, was nominated as director of the URSTM (a University unit specialized in research and services for the mining industry). As a team leader he was instrumental in the creation of several research and applied sciences development in mining exploration (geophysics and 3 D modeling), in mining (paste fill), in mineral processing (sulphide minerals removal in ore and waste) and finally in environment (waste management). Mr. Bois led the creation of CDAT (a technology support provider for small mining operations) and also to the establishment of a joint research institute between two universities (UQAT and the Montréal Polytechnique) which is focusing on mining and environment.

Michael Gentile, CFA

Director and Strategic Advisor

From 2003 to 2018 Mr. Gentile worked as a professional money manager at Formula Growth Limited, an independent investment management firm established in Montreal in 1960 with a long-term track record of creating investor wealth. While at Formula Growth Mr. Gentile’s main sector focus was the mining and natural resource sectors. In 2012, he became the co-manager of the Formula Growth Alpha Fund, a market neutral hedge fund focused on small to mid-cap equities. From 2011 to 2018 the Formula Growth Alpha Fund became one of the largest market neutral funds in Canada, growing its assets under management to over $650 million by the end of 2018. In October 2018, Mr. Gentile retired from full time money management in order to be able to spend more time with his family. Subsequently, he remains a very active investor in the mining space owning significant stakes in several small-cap mining companies and is currently a strategic advisor to Arizona Metals Inc. (TSX.V AMC) and a member of the board of Roscan Gold Corporation (TSX.V ROS), Northern Superior Resources (TSX.V SUP) and Solstice Gold Corporation (TSX.V SGC).

Pierre Beaudoin

Director

Mr. Beaudoin is a seasoned mining executive with more than 30 years of international experience with operations, project development and mineral processing. He is currently Chief Operating Officer of SilverCrest Metals Inc. (TSX:SIL, NYSE: SILV) where he is overseeing the construction and development of the high grade Las Chipas deposit in Sonora, Mexico. Prior to joining SilverCrest, Mr. Beaudoin worked with Detour Gold as Sr. VP of Capital Projects (2010-2013) and Chief Operating Officer (2013-2017) where he led the design, construction, development, ramp-up and operations at the Detour Lake Gold Mine. Prior to that, Mr. Beaudoin spent 16 years with Barrick Gold. During his last 6 years with Barrick, he worked in the Capital Projects Group, where he led the study teams on Buzwagi in Tanzania (commissioned in 2009), on Donlin Creek in Alaska and Cerro Casale in Chile. Before he joined Barrick Gold, he worked for Lac Minerals Ltd. and Noranda Minerals.

Jeff Swinoga, CPA, MBA

Director

Mr. Swinoga is a highly accomplished mining executive with over 25 years of mining industry experience in the areas of capital markets, project advancement, development and project construction. He was recently appointed as President & CEO and Director of Exploits Discovery Corp. Prior to that, he was the National Mining and Metals Co-Leader at Ernst & Young Canada. Previously he was President and CEO of First Mining Gold, Chief Financial Officer of Torex Gold Resources Inc. (TSX: TXG) where he led the financing of Torex’s US$800 million El Limon-Guajes gold mine as well as Torex’s transition from an exploration and development company to a mid-tier gold producer. Prior to Torex, Mr. Swinoga spent four years as the CFO of North American Palladium Ltd., where he was instrumental in financing the expansion of the Lac des Iles Mine, in addition to the acquisition and development of two gold producing mines in Québec. He spent three years as CFO of HudBay Minerals Inc., helping growth the company from its IPO in 2004 to a market capitalization of over $2 billion. Mr. Swinoga also spent seven years at Barrick Gold Corporation where he was instrumental in the financing of the Bulyanhulu and Veladero projects. He is a Chartered Professional Accountant and holds a Master of Business Administration degree from the University of Toronto as well as a Bachelor's degree (Honours) in Economics from the University of Western Ontario. Mr. Swinoga also serves on the Board of PDAC this year and is also a member of their audit committee.

Siri Genik

Director

Siri C. Genik has spent over 25 years working on major capital projects around the world and has worked in the Natural Resource and Infrastructure industries. During her career, Siri has developed expertise in Sustainability & ESG, Stakeholder Engagement and Governance, with a strong focus on Project Management and Strategic Supply Chain. Siri currently runs BRIDGE©, a boutique advisory firm, providing strategic support to Boards and Leadership, focusing on how to best integrate Sustainability and best-in class ESG practices with an organization’s business model. Prior to running her own business Siri worked with BHP Canada as Head of Project Services, as well as with Glencore (Xstrata) in Australia, Malaysia and New Caledonia, and other major companies in the industry. Siri is the PDAC Co-chair of the Sustainability and Lands and Regulations Committees. Siri previously served as the Vice-Chair of Women in Mining Canada. She is a member of Council of the Professional Geoscientists Association of Ontario (“PGO”), as well as a director and chair of the Compensation and Nomination Committee of Exploits Discovery Corp. Siri received the 2019 “Distinguished Lecturer Award for CSR” from the Canadian Institute of Mining. She lectures in several universities both in Canada and Australia. Siri is a lawyer, as well as a qualified mediator.

Management

Denis Lachance

Chairman of the Board of Directors, Interim President & CEO

Mining engineer graduated from Laval University in 1981, Mr. Lachance has extensive experience in development, production and mining of base and precious metal deposits. Over the past few years, Mr. Lachance has held several management positions in major mining projects, allowing him to apply his expertise both in Canada and abroad. Until very recently, he was President of Koniambo Nickel SAS from 2008 to 2012, a multibillion-dollar joint venture between Xstrata Nickel and the Sociéte Minière du Sud Pacifique, which is developing one of the world’s largest nickel deposits in French overseas territory New Caledonia. He also served as Vice President of Operations at Falconbridge Ltd. (Raglan), and occupied various executive positions at Noranda Inc., TVXGold Inc. (Casa Berardi) and Agnico Eagle Mines Limited (Joutel Division and Goldex project). Mr. Lachance also serves on the board of directors of various private companies and non profit organizations.

Hubert Parent-Bouchard

Chief Financial Officer

Mr. Parent-Bouchard has more than ten years of finance, accounting and capital markets experience. He has worked in various capacities with increasing responsibilities at Radisson since 2014. Since joining Radisson, he has played an instrumental role in several aspects of the Company, including business restructuring and management, leadership recruitment, accounting, financing, corporate development and investor relations. He was directly involved in the raise of more than $30 M in equity for the growth and the exploration activities of the Company.
He holds a Bachelor of Business Administration degree from Laval University and has been the Director and Treasurer of the Rouyn-Noranda Branch of the Canadian Institute of Mining since 2015.

Sylvain Doire

Environment and sustainable development Manager

Mr. Doire brings more than 25 years of experience to the Company, having served as an inspector in environment at the Ministry of Environment of Quebec (MELCC), Environment coordinator for the Meadowbank and Méliadine project of Agnico Eagle mines Ltd, Environment manager for Matamec Exploration and most recently as Environment manager for Falco Resources Ltd at the Horne 5 project.

Vivien Janvier, P. Geo., Ph. D.

Director, Geology

Mr. Janvier has more than a decade of professional geology and research experience covering a wide range of areas including exploration management, structural geology, 3D modelling, resource estimation, multispectral analysis and exploration techniques. He was previously Senior Project Geologist, 3D modelling specialist at Goldspot Discoveries, prior to which he worked with Agnico Eagle and Technominex. Over the course of his career, he has worked on several projects ranging from grass-roots exploration to mature mining projects in Canada, Africa and South America. Mr. Janvier has also been involved in a number of new discoveries, more recently the Keats high-grade gold discovery (Newfound Gold), the new gold-rich zone at the Beaufor gold deposit (Monarch Mining) and the new polymetallic system discovery at the Elmer East project (Quebec Precious Metals). Mr. Janvier holds a PhD in Earth Sciences – Economic Geology and a Master in Earth Sciences – Mineral Resources.

Advisors

Kenneth Williamson, M.Sc, P.Geo.

Senior Advisor, Geology

Mr. Williamson, currently President of 3DGeo Solution Inc., is a professional geologist with close to 20 years of experience in the gold mining industry. He graduated with a master’s degree in Structural Geology from Laval University in 2002. His prior experience includes key technical roles with corporates such as Goldcorp, Rubicon Minerals and Premier Gold in addition to consulting roles with InnovExplo and MRB & Associates. Mr. Williamson has been involved with the Company and the O’Brien Project since 2018. He was responsible for the development of the current litho-structural model and the ensuing NI 43-101 mineral resource estimate in 2019.

Rahul Paul

Advisor

Mr. Paul joined Radisson in November 2019. He brings more than twelve years of capital markets experience almost exclusively focused on the mining sector. He began his capital markets career in 2006 when he joined the equity research team at Westwind Partners. He was more recently Director, Research – Precious Metals at Canaccord Genuity, where he covered small/intermediate gold producers and developers for almost 10 years. After leaving the sell-side in February 2019, he has continued his involvement with mining companies helping with corporate development and capital markets/strategic advisory services. During his extensive capital markets career, he worked with a wide range of mining companies and institutional investors clients. He has been involved with several successful North American gold companies through bull/bear markets and through entire business cycles. He has helped several companies manage growth and unlock value by increasing market awareness, facilitating investor outreach, assisting financing/corporate development initiatives and helping manage market expectations/risk as they advanced projects from early stage exploration through production. He holds a Master of Business Administration (Finance) degree from Western University and an undergraduate engineering degree the University of Kerala.

Michael Gentile, CFA

Director and Strategic Advisor

From 2003 to 2018 Mr. Gentile worked as a professional money manager at Formula Growth Limited, an independent investment management firm established in Montreal in 1960 with a long-term track record of creating investor wealth. While at Formula Growth Mr. Gentile’s main sector focus was the mining and natural resource sectors. In 2012, he became the co-manager of the Formula Growth Alpha Fund, a market neutral hedge fund focused on small to mid-cap equities. From 2011 to 2018 the Formula Growth Alpha Fund became one of the largest market neutral funds in Canada, growing its assets under management to over $650 million by the end of 2018. In October 2018, Mr. Gentile retired from full time money management in order to be able to spend more time with his family. Subsequently, he remains a very active investor in the mining space owning significant stakes in several small-cap mining companies and is currently a strategic advisor to Arizona Metals Inc. (TSX.V AMC) and a member of the board of Roscan Gold Corporation (TSX.V ROS), Northern Superior Resources (TSX.V SUP) and Solstice Gold Corporation (TSX.V SGC).

Capital structure

Symbol: RDS
Stock Exchange: TSX VENTURE EXCHANGE
Shares outstanding: 255,964,012 Class A shares
Warrants outstanding: 15,608,408

Options outstanding: 14,845,926
Fully diluted: 286,418,346 class A shares
Insiders holding: 29,256,231 class A shares (11.43%)

Health, Safety, Environment and communities policy

Effective as of August 22, 2019.

Shareholder protection rights plan

Agreement between Radisson Mining Resources inc. and Computershare Investor Services inc., as rights agent.

Effective as of February 2, 2009.

National Instrument 43-101 Disclosure
National Instrument 43-101 – Standards of Disclosure for Mineral Projects is a rule developed by the Canadian Securities Administrators, and applicable throughout Canada, which establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects materials to the issuer. Radisson mining Resources Inc. adheres to the NI 43-101 standards, and provides the following information related to its mineral projects and Qualified Person: Richard Nieminen, géo., Exploration Manager in geology and shareholder of the Company has supervised the preparation of the scientific and technical information that forms the basis for the mineral project disclosure on this website and have approved the disclosure herein.