Certificate of Analysis Work Order : LK [Report File No.: ]

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1 Certificate of Analysis Work Order : LK40078 [] To: Mike Koziol COD SGS MINERALS Unit 7 3C Kelly Lake Road Sudbury ON P3E P Date: Dec 3, 204 P.O. No. Project No. No. Of Samples Date Submitted Report Comprises Distribution of unused material: To be Disposed: : : : : : Alto Ventures Ltd - 4 Nov 9, 204 Pages to (Inclusive of Cover Sheet) Certified By : Bonnie White Supervisor - Project Coordinator Group SGS Minerals Services (Lakefield) is accredited by Standards Council of Canada (SCC) and conforms to the requirements of ISO/IEC 702 for specific tests as indicated on the scope of accreditation to be found at Report Footer: L.N.R. n.a. = Listed not received = Not applicable I.S. -- = Insufficient Sample = No result *INF = Composition of this sample makes detection impossible by this method M after a result denotes ppb to conversion, denotes to conversion s marked with an asterisk (e.g. *NAA08V) were subcontracted s marked with symbol denote assays performed using accredited test methods

2 Page 2 of WtKg G_WGH @K2O ML ML WF WF *Rep BRM

3 Page Sum ML ML WF WF *Rep WF *Rep BRM.0 < < < < < 93.2

4 Page ML < ML < WF < < WF < *Rep WF <

5 ML ML WF WF *Rep WF

6 Page ML < < < < ML < < < < WF < < < < WF < < < < *Rep WF < < < <

7 Page ML ML WF WF *Rep WF

8 Page @Nd 0.0 ML204- < < ML204-2 < < < 8.7 WF9-4-4 < < WF9-8- < *Rep WF9-8- <

9 Page 9 @Ta ML < < <0. ML < < <0. WF < WF < *Rep WF <

10 Page 0. ML < ML < WF < WF < *Rep WF <