Jericho Property, Pioche, Nevada

The Company has an option to earn a 100% interest in the Jericho Property (the “Property” or “Jericho“), which is made up of 85 mining claims that cover 1,683 acres (or 6.8 square kilometres) and measures approximately 5.4 km by 1.5 km.  It is located on US federal land under administration of the Bureau of Land Management (or ‘BLM’).  The property has year around access via all-weather county roads.

Location: The Jericho Property is located in the Stateline (Eagle Valley) Mining District, Lincoln County, Nevada, USA, approximately 40 km northeast of Pioche near the Nevada-Utah state line.

History: With the discovery of Silver near Pioche in the 1863, the Pioche mining district grew rapidly and became one of the most important silver‑producing regions in the state of Nevada by the early 1870’s. From 1870 through 1877, more than $20,000,000 of ore was produced – an unimaginable amount of money then and estimated to be greater than 0.5 Billion dollars today.

Regional Setting: The Property forms part of a broader epithermal trend along the Nevada-Utah border. Mineralization is controlled by Basin-and-Range extensional faults and ring-fracture zones related to Miocene-age caldera complexes – a region termed the Eastern Calderas district.

Option Terms: Under the terms of the Option Agreement, Supreme may acquire a 100% interest in the Property by completing the following cash payments totaling US$250,000 to Nevada Select over a four-year period:

• US$15,000 on the Effective Date (October 9, 2025)
• US$25,000 on or before the first anniversary
• US$45,000 on or before the second anniversary
• US$75,000 on or before the third anniversary
• US$90,000 on or before the fourth anniversary

Upon exercise of the Option, Nevada Select will retain a 3.0% net smelter returns (“NSR”) royalty on all mineral production from the Property. The Option Agreement allows for standard exploration rights during the option period, including surface access, geochemical sampling, geophysics, mapping, and drilling, consistent with U.S. Bureau of Land Management regulations.

Geology & Mineralization:   The exploration target at Jericho is a low sulphidation epithermal deposit; the gold and silver mineralization in the property consists of structurally controlled quartz veins, breccias, and stockwork zones hosted in andesites that are variably silicified, propylitized and argillized.
The property is host to two sub-parallel northeast striking mineralized trends:

• the West Trend, which has been traced for approximately four kilometres, is host to the Helen, Tempa and Fluorite Flat Zones; and,
• the East Trend, which has been traced for approximately two kilometres, is host to the President’s, Miramonte and Northeast Zones.

Results from the Company’s due diligence ranged from trace to 3.5 grams per tonne (g/t) gold and trace to 450 g/t silver.

The scientific and technical information contained herein regarding the Jericho Property has been approved by
Helgi Sigurgeirson, P.Geo., an independent consulting geologist and a qualified person as defined in NI 43-101.