Stamper Oil & Gas Corp. provided a management discussion related to its Redonda Copper Molybdenum project. This discussion will focus on review and comparisons between the 2023 assay results and the historic drill results from the 70s.

The copper equivalent calculation utilizes the standard equation and is based on current spot metal prices of copper at $3.40 per pound, Re at $4,400 per ounce, and molybdenum at $20.60 per pound. Recoveries are set at 100% for all metals for purposes of the copper equivalent calculation as no metallurgical test data is available. Cu Eq is used for illustrative purposes only and does not imply that the metals are economically recoverable.

A limited number of gold assays were completed on the upper part of Hole Red-23-02. All gold results are uniformly low, with the highest value at 48ppb. The assays were done by Au 30g FA-AA Finish at ALS Labs.

More gold assays are planned for the future The upper section of drillhole R-79-02 was collected row by row giving a sample interval of 1.4 metres and carefully quartered using a manual splitter using two cutting blades. For historical reference, the original CuEq was calculated in 1979 by A. Betmanis, P.Eng., employed by TECK Corp., by adding 6x the MoS2 content to the Cu%. Interestingly, the current 2023 price difference between the Cu and MoS2 is still about 6 times.

The original assays in 1979 were done in 2.5m intervals, split by C. Marlow and sent to Bondar Clegg Labs in Vancouver. The assay technique was not indicated but Bondar Clegg was a widely recognized superior Lab of the day. Only Cu and Mo were assayed in 1979.

The quartered core results in 2023 correlate very closely with the 1979 results. Future work will include more quartering of Holes 79-8 and 9 which are well labelled with metal tags. Rhenium values in the quartered core have a high value of 0.234ppm.

For a mine currently in production: Typical cut off 0.10% acid soluable copper. This is the number below which don't consider copper to be recoverable. PROFITABLE production Copper grade %0.17 (as reported in 2022 with a price per pound low of $3.22) PROFITABLE production Molybdenum 0.008.

Copper is Forecast to exceed $4.00 with many acknowledged experts predicting $5 by 2025. This gives a frame of production understanding so shareholders can fully digest the listed results. The current results allow a re-interpretation of the geology and mineralization.

The entire mineralized area is a series of multi-phase magmatic-hydrothermal breccias. The currently known highest grad copper-moly zone and associated breccias extend over a defined northerly horizontal length of over 600m, a width of at least 500m and a vertical extent of 300m. This is higher grade, potassic altered centre of mineralization is composed of variable density of dark mafic-rich fragments.

Higher grades are clearly related to abundance of dark fragments in vugs and heavy chalcopyrite/molybdenite and pyrrhotite replacement. These hornblende phyric rocks are extremely altered by biote and magnete forming a potassic core of alteration. The area of interest appears to be the top of the magma cupola or carapace.

Large included blocks of older volcanics have been observed a short distance to the northeast. However, some high-grade copper/MoS2 is also associated with the density of quartz stockworks and fracture filling. The locus of magmatic-hydrothermal multi-phase intrusives and brecciaon associated with mineralization is distinct from the surrounding Coast Plutonic Complex although current level of mapping has not well documented the contact relationships.

The multi-phase system is clearly younger than the enclosing Coast Plutonic rocks. The presence of mineralized miarolitic cavies suggest a high level and very fluid-rich hydrothermal system. The very large breccia-agmatite body to the northeast is sparsely mineralized on surface but has not been tested by drilling.

Previous operators suggest that the focus of mineralization may occur at depth to the northeast as interpreted by the magnetic signature. The company is considering an aggressive program in 2024 which may consist of: Detailed geological mapping with particular emphasis on brecciation trends. Airborne magnetics and radiometrics to define the potassic core zone to the north and south.

Limited Induced Polarization to the northeast. Deeper drilling to below 500m within the known potassic core. This program is currently permitted.

A new Noce of Work (NoW) has been filed in 2023 to expand the currently permitted program. The mineralized zones are open to the north. A separate old road system 1.0km to the northwest will be investigated in 2024 for possible extensions of the mineralized zone.

The mineralized zone is open to the south and may plunge to the south (under the Coast Plutonic Complex. Future drilling is warranted along roads to the south after airborne geophysics is completed. Extensive iron skarns are known to the east on the east side of Redonda Island which could be part of a very large magmatic-hydrothermal system at depth.