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, Audit Committee Member

Graduated from mining engineering at 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. From 2008 to 2012 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). Mr. Lachance also serves on the board of directors of various private companies and non profit organizations.

Brett A. Richards

President & Chief Executive Officer and Director

Brett is high-energy, entrepreneurial natural resources executive with over 37 years of expertise in mining and metals. He has a unique background in mining M&A, mine financing, mine development, and senior level operations experience. He brings publicly listed CEO experience in the mining sector, as well global capital markets and diverse mine operational experience, including CEO and Senior Management positions at: Goldshore Resources, Midnight Sun Mining, Octea, Avocet Mining PLC, Katanga Mining Limited and Kinross.

Denis Bois

Director & ESG Committee Member

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, Strategic Advisor & Audit Committee Member

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 - Radisson Mining

Pierre Beaudoin

Director & ESG Committee Member

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 - Radisson Mining

Jeff Swinoga, CPA, MBA

Director & Audit Committee Chair

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 - Radisson Mining

Siri Genik

Director & ESG Committee Chair

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, Audit Committee Member

Graduated from mining engineering at 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. From 2008 to 2012 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). Mr. Lachance also serves on the board of directors of various private companies and non profit organizations.

Brett A. Richards

President & Chief Executive Officer and Director

Brett is high-energy, entrepreneurial natural resources executive with over 37 years of expertise in mining and metals. He has a unique background in mining M&A, mine financing, mine development, and senior level operations experience. He brings publicly listed CEO experience in the mining sector, as well global capital markets and diverse mine operational experience, including CEO and Senior Management positions at: Goldshore Resources, Midnight Sun Mining, Octea, Avocet Mining PLC, Katanga Mining Limited and Kinross.

Hubert Parent-Bouchard - Radisson Mining

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.

Laird Brownlie

Vice President of Operations

Laird Brownlie is a distinguished international Senior Operations Executive with a proven track record in Lean manufacturing and reliability-centered maintenance. With a keen focus on building strong relationships across diverse environments, he has excelled in business improvement and seamlessly integrated operations to maximize value for shareholders and stakeholders. Laird's expertise spans crucial areas, including securing the licensing to operate, visionary strategy development, precise budgetary management, effective communication, accountability, and driving transformative change. His unwavering commitment to ethics and integrity is exemplified in his extensive career which includes roles as Head of External Relations & Business Continuity at St. Barbara Mining and General Manager at companies like Canada Fluorspar Inc. and Cliffs Natural Resources. Laird's dedication extends beyond his professional life, as he actively participates in numerous industry associations and community engagement initiatives.

Vivien Janvier - Radisson Mining

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.

Kristina Pillon - Radisson Mining

Kristina Pillon

Manager, Investor relations

kpillon@radissonmining.com

Ms. Pillon is the President & CEO of High Tide Consulting Corp. an investor relations and corporate communications consulting company focused on creating and implementing marketing strategies for public and private companies.

Ms. Pillon has over 13 years of capital markets experience focused primarily in the mineral resources sector holding various roles, including 6 years at a Toronto-based boutique exempt market dealer as Head of Retail Marketing and Vice President Institutional Equity Sales. Prior to that, Ms. Pillon acted as Manager of Investor Relations for several junior resource companies.

Ms. Pillon has a Public Relations Degree from Kwantlen Polytechnic University and has completed the Canadian Securities Course.

Advisors

Michael Gentile, CFA

Director, Strategic Advisor & Audit Committee Member

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:
Vivien Janvier, P.Geo., Ph.D., Director, Geology for Radisson 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.