Thomson Resources : Technical Report on the Bygoo Tin Properties

NI 43-101 Technical Report: On the‌‌‌‌‌‌‌‌‌

BYGOO TIN PROPERTIES ARDLETHAN, NEW SOUTH WALES, AUSTRALIA

By

G K Whitehouse, MAusIMM CP(Geo) Australian Exploration Field Services Pty Ltd Bendigo, Victoria, Australia‌‌

For‌

Rheingold Exploration Corp.

Effective Date : 21 December 2016

Issue Date : 25 May 2017‌‌

This Technical Report contains "forward-looking information" within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Forward-looking information includes, without limitation, statements regarding the results of the Technical Report, including statements about the estimation of mineral reserve and resources statements, future exploration on the project, the market and future commodity prices, permitting, and the ability to finance the project.

Generally, such forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".

Forward-looking information is based on assumptions believed to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, gold and other metals prices, the estimation of initial and sustaining capital requirements, the estimation of labour and operating costs, the estimation of mineral reserves and resources, the assumption with respect to currency fluctuations, the timing and amount of future exploration and development expenditures, receipt of required regulatory approvals, the availability of necessary financing for the project, the completion of the permitting process, and such other assumptions and factors as set out herein.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Rheingold Exploration Corp. (Issuer) to be materially different from those expressed or implied by such forward-looking information, including but not limited to: volatile stock price; risks related to changes in commodity prices; sources and cost of power facilities; the estimation of initial and sustaining capital requirements; the estimation of labour and operating costs; the general global markets and economic conditions; the risk associated with exploration, development and operations of mineral deposits; the estimation of mineral reserves and resources; the risks associated with uninsurable risks arising during the course of exploration, development and production; risks associated with currency fluctuations; environmental risks; competition faced in securing experienced personnel; access to adequate infrastructure to support mining, processing, development and exploration activities; the risks associated with changes in the mining regulatory regime; completion of the environmental assessment process; risks related to regulatory and permitting delays; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund development and construction of the Project may not be available on satisfactory terms, or at all; the risk of potential dilution through the issue of common shares; the risk of litigation.

Although the Author and the Issuer have attempted to identify important factors in this Report that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this technical report, and the Issuer does not undertake to update such forward-looking information except in accordance with applicable securities laws.

I, Gregory Keith Whitehouse, MAusIMM, CP (Geo), as author of the technical report entitled "NI 43-101 Technical Report :, BYGOO TIN PROPERTIES, ARDLETHAN, NEW SOUTH WALES dated 25 May 2017 with the effective date of 21 December 2016 and prepared for Rheingold Exploration Corp. ("Issuer"), do hereby certify that:

I am currently employed as a Geological Consultant and Director of Australian Exploration Field Services Pty Ltd. with offices at 14 Brodie Street, Bendigo, Victoria, Australia 3550.

1. I graduated with a Bachelor of Science degree in Geology from Victoria University, Wellington, New Zealand in 1975.

2. I am a Professional Geoscientist enrolled with the Australasian Institute of Mining and Metallurgy (Member # 107612) for over 25 years.

3. I have worked as a geologist for a total of 36 years since my graduation from university. My experience has covered exploration and technical management work on projects in South East Asia, Africa, South America and Australia including 12 years as an independent geology consultant. I have worked on copper, gold, base metals, tin, iron and specialist metals and have authored or contributed as a 'qualified person" to six NI 43-101 reports and numerous reports under the JORC code.

4. I have read the definition of "qualified person" set out in National Instrument 43-101 ("NI 43-101") and certify that, by reason of my education, affiliation with a professional association as defined in NI 43-101, and past relevant work experience, I fulfill the requirements to be a "qualified person" for the purposes of NI 43-101.

5. I am responsible for entirety of the technical report entitled "NI 43-101 Technical Report BYGOO TIN PROPERTIES, ARDLETHAN, NEW SOUTH WALES" dated 21 December 2016.

6. I visited the Bygoo Properties on 25 and 26 October 2016 and again on 19 and 20 December 2016.

7. As of the effective date of the certificate, to the best of my knowledge, information, and belief, the Technical Report herein contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading.

8. I have no personal knowledge, as of the date of this certificate, of any material fact or material change which is not reflected in this Technical Report.

9. I am independent of the Issuer Rheingold Exploration Corp., and of the Vendor, Riverston Tin Pty. Ltd., applying all the tests in section 1.5 of the NI 43-101 instrument.

10. I have not had any prior involvement with the Properties that are the subject of this Technical Report.

11. I have read NI 43-101 and Form 43-101F1, and the Technical Report has been prepared in compliance with that instrument and form.

Dated on 25 May 2017

"Gregory Keith Whitehouse"

GK Whitehouse; BSc (Geology); Geologist

Cautionary Statements Regarding Forward Looking Information 2

Certificate of Authorship 3

Tables of Contents 4

Contents 4

List of Tables 7

List of Figures 8

1. Summary 10

2. Conclusions and Recommendations 12

3. Introduction 12

4. Issuer 12

5. Terms of Reference 12

6. Information Sources and References 13

7. Qualified Person 13

8. Site Visits and Personal Inspection 13

9. Units of Measure 13

10. Previous Technical Reports 16

11. Reliance on Other Experts 16

12. Property Location and Description 17

13. Property Description 19

14. Issuer's Interest 23

15. Surface Rights and Property Access 24

16. Permitting and Mineral Titles in New South Wales 24

17. Exploration licences 25

18. Assessment leases 25

19. Mining leases 25

20. Environmental Liabilities 26

21. Social or Community Impacts 26

22. Other Risks 26

23. Accessibility, Climate, Local Resources, Infrastructure and Physiography 26