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.

O’Brien Project Mineral Resource Estimate

July 2019
Indicated
Inferred
ZonesCut-off
g/t Au
TonnesGrade
g/t Au
OuncesZonesCut-off
g/t Au
TonnesGrade
g/t Au
Ounces
All zones7.00
6.00
5.00
4.00
3.50
3.00
544,600
712,100
949,700
1,350,300
1,599,900
1,906,200
12.16
10.82
9.48
7.99
7.32
6.67
212,800
247,700
289,400
346,700
376,800
408,700
All zones7.00
6.00
5.00
4.00
3.50
3.00
243,600
374,700
617,400
975,000
1,208,100
1,500,200
9.69
8.54
7.31
6.27
5.78
5.29
75,900
102,900
145,000
196,600
224,700
255,000
  • *Notes to Accompany Mineral Resource Table:
  • **1. The independent qualified person for the current 2019 MRE, as defined by NI 43-101, is Kenneth Williamson, M.Sc., P.Geo, of Kenneth Williamson 3DGeo-Solution. The effective date of the estimate is July 14th, 2019.
  • **2. The Mineral Resources are classified as Indicated and Inferred Mineral Resources and are based on the 2014 CIM Defini-tion Standards.
  • **3. These Mineral Resources are not Mineral Reserves as they do not have demonstrated economic viability.
  • **4. Results are presented in-situ and undiluted
  • **5. Sensitivity was assessed using cut-off grades from 3.00 g/t Au to 7.00 g/t Au. Cut-off grade is function of prevailing market condition (gold price, exchange rates, mining costs, etc) and must therefore be re-evaluated accordingly.
  • **6. High grade capping of 60.00 g/t Au was applied to raw assay grades prior to compositing. Compositing length was established at 1.50 m. Interpolation was realized using an inverse distance cubed (ID3) methodology within a 3m x 3m x 3m cell-size block model.
  • **7. Density data (g/cm3) was set to 2.82 g/cm3 based on available density measurements.
  • **8. A minimum true thickness of 1.5 m was applied for the construction of the mineralized zones model, which consist of 63 different mineralized zones.
  • **9. Following recommendation of Form 43-101F1, the number of metric tons and ounces was rounded to the nearest hundredth. Any discrepancies in the totals are due to rounding effects.
  • **10. Kenneth Williamson 3DGeo-Solution is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issues that could materially impact the current Mineral Resource Estimate.

Board of directors

Mario Bouchard

Director

mbouchard@radissonmining.com

From 1984 to 2009, Mr. Bouchard was an investment advisor for the firm of Lévesque Beaubien, a full-­‐service broker, later acquired by the National Bank of Canada. He has been a director of the Rouyn-­‐Noranda branch of the Canadian Institute of Mining, Metallurgy and Petroleum for 26 years. Mr. Bouchard served as President & CEO of Radisson between 2013 and 2021 until his retirement. he also is President of the Admirio Industriel holding company.

Denis Lachance

Chairman of the Board of Directors, Interim CFO

Mining engineer and member of the Ordre des ingénieurs du Québec (OIQ) since 1982, 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, 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).

Réjean Gourde

Director

Mr. Gourde is a mining engineer graduated from Ecole Polytechnique of Montréal combining 40 years of experience in the mining industry. In 1987, after 12 years of work with Falconbridge and Ressources Aiguebelle, Mr. Gourde joined the company Cambior today known as IamGold. He notably served as Senior VP of Guiana Shield division of Cambior in South America. Since 2007, he is an independent consultant for corporations with operations in North and South America and Africa.

Luc Simoneau

Director

Mr. Luc Simoneau, computer specialist and well-known businessman, has been a director of the Company since 1991. He is president of Micro ML Inc., a computer service firm in St-Hyacinthe.

Jean Dion

Director

Jean Dion is a visionary and one of the most influential entrepreneurs in Rouyn-Noranda. In the 90s, he founded the Dion group, which became one of the biggest players in Rouyn-Noranda’s commercial and industrial sectors. The Dion group, which now has about 300 employees, includes a dozen Abitibi-Témiscamingue companies involved in mining, construction equipment, equipment rental, real estate, the automotive sector and recreational products.

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).

Management

Rahul Paul

President and Interim Chief Executive Officer

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.

Hubert Parent-Bouchard

Corporate development

Mr. Parent-Bouchard joined Radisson mining resources Inc. during its restructuring in 2014; since 2016, he is conducting corporate development for the company. Prior to joining Radisson, Mr. Parent-Bouchard worked for 7 years in accounting and compliance for a Quebec-based insurance and investment company and a renowned mining contractor in the Abitibi area. He holds a business administration degree from Laval University and is currently completing the graduate micro-program of sustainable development applied to the mineral industry at the UQAT. Since 2015, Mr. Parent-Bouchard serves as Director and Treasurer for the Rouyn-Noranda branch of Canadian Institute of mining.

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.

Nicolas Guivarch,M.Sc., P. Geo.

Exploration Manager

Mr. Guivarch joined Radisson in August 2019, he is a professional geologist with close to 10 years of experience in mineral exploration. His prior experience includes roles with AREVA, InnovExplo, Metanor Resources and MRB & Associates. He graduated with a master’s degree in Exploration and Mineral Resource Management from the University of Orleans in 2009. Mr. Guivarch has been an integral part of the exploration team since August 2019 and has since been involved with all aspects of the exploration program at O’Brien.

Advisors

Mario Bouchard

Director

mbouchard@radissonmining.com

From 1984 to 2009, Mr. Bouchard was an investment advisor for the firm of Lévesque Beaubien, a full-­‐service broker, later acquired by the National Bank of Canada. He has been a director of the Rouyn-­‐Noranda branch of the Canadian Institute of Mining, Metallurgy and Petroleum for 26 years. Mr. Bouchard served as President & CEO of Radisson between 2013 and 2021 until his retirement. he also is President of the Admirio Industriel holding company.

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.

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: 190,345,570 Class A shares
Warrants outstanding: 12,012,903

Options outstanding: 11,825,000
Fully diluted: 214,183,473 class A shares
Insiders holding: 20,920,344 class A shares (10.99%)

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. (OGQ #703), Exploration Manager 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.