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

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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 http://www.scc.ca/en/programs/lab/mineral.shtml 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 the @ symbol (e.g. @Cu) denote assays performed using accredited test methods

Page 2 of WtKg G_WGH79 0.00 kg @LOI -.000 @SiO2 @Al2O3 @Fe2O3 @MgO @CaO @K2O ML204-0.787 7.9 39.8 9..3.0 3.7 0.98 ML204-2 0.32.69 40..2. 6.4 2.7 0.90 WF9-4-4 0.27 2.02 7.4 2.9.3 6.03.34 4.22 WF9-8- 0.389 2.9 9.3. 6.2 4.23.28 2.7 *Rep BRM 0.770.9 2.2 8 0.06 0.38 4.70

Page 3 of @Na2O @TiO2 @MnO @P2O @Cr2O3 @V2O Sum 0 @Al ML204-.99 0.2 0.20 3 0. 0.04 99..4 ML204-2.69 0.9 8 0.09 0.03 99.2.38 WF9-4-4 0.7 0.33 6 0.07 0.02 99.8 6.90 WF9-8- 3.42 8 0.20 0.04 0.02 7.76 *Rep WF9-8- 7.8 *Rep BRM.0 < < < < < 93.2

Page 4 of @Ba @Be @Ca @Cr @Cu @Fe @K @Li ML204-270 < 9.0 620 40 6.6 0.9 0 ML204-2 90 < 8.2 30 80 6.44 0.8 0 WF9-4-4 320 < 3.6 420 < 6.67 3.8 90 WF9-8- 20 < 3.6 200 40 4.27 2.4 0 *Rep WF9-8- 20 < 3. 200 30 4.24 2.4 60

Page of @Mg @Mn @Ni @P @Sc @Sr @Ti @V ML204-8.7 420 32 0.06 28 480 0.30 204 ML204-2 9.48 330 369 0.0 26 420 0.33 94 WF9-4-4 3.44 2460 8 0.08 29 600 0.29 36 WF9-8- 2.43 330 60 8 730 0.29 4 *Rep WF9-8- 2.4 30 0. 9 70 0.29 4

Page 6 of @Zn @Ag @As @Bi @Cd 0.2 @Ce @Co 0. @Cs ML204-77 < < < <0.2 67. 6.8 0.6 ML204-2 70 < < < <0.2 6.7 9.4 0.7 WF9-4-4 2 < < < <0.2 32.0 27.3 7.2 WF9-8- 6 < < < <0.2 40. 2.9 2.8 *Rep WF9-8- 73 < < < <0.2 40. 2.9 2.9

Page 7 of @Dy 0.0 @Er 0.0 @Eu 0.0 @Ga @Gd 0.0 @Ge @Hf @Ho 0.0 ML204-4.28.74 2.3 6.93 2 0.73 ML204-2 4.8.6 2.29 6.94 2 2 0.67 WF9-4-4 3.68 2.44.0 24 4.28 2 3 0.8 WF9-8- 2.20.2.02 22 3.26 2 3 0.44 *Rep WF9-8- 2.28.26.0 22 3.4 2 3 0.43

Page 8 of @In 0.2 @La @Lu 0.0 @Mo 2 @Nb @Nd @Pb @Pr 0.0 ML204- <0.2 30.2 0.24 <2 42.9 9.49 ML204-2 <0.2 27.3 0.22 <2 40.4 < 8.7 WF9-4-4 <0.2.3 0.3 <2 7 2.6 4 4.62 WF9-8- <0.2.8 0.26 3 8 22..36 *Rep WF9-8- <0.2.9 0.2 3 8 22.9 4.38

Page 9 of @Rb 0.2 @Sb @Sm @Sn @Ta 0. @Tb 0.0 @Th @Tl 0. ML204-8.7 0.2 8. < <0. 0.86 2.9 <0. ML204-2 6.4 0.2 8. < <0. 0.84 2. <0. WF9-4-4 78 0.2 4.6 4 <0. 0.9.2. WF9-8- 9.6 0.3 4.2 2 <0. 0.42.9 0.7 *Rep WF9-8- 9.7 0.3 4.2 2 <0. 0.4.9 0.7

Page of @Tm 0.0 @U 0.0 @W @Y 0. @Yb @Zr 0. ML204-0.23 0.69 < 2.2. 7. ML204-2 0.2 0.49 < 9..4 79. WF9-4-4 0.4 0.70 < 27. 3.0 80.7 WF9-8- 9 0.78 < 4.3.4 *Rep WF9-8- 0.20 0.8 < 4.4.4 6