Cassiar Gold Corp.

2021 ESG Report

Published on July 21, 2022

Cassiar Gold Corp. is a Canadian gold exploration company holding a 100% interest in its flagship Cassiar Gold Property located in British Columbia, Canada. The Cassiar Gold property spans 590 km2 and consists of two main project areas: Cassiar North, which hosts a NI 43-101-compliant inferred resource estimate of 1.4Moz at 1.14 g/t Au (cutoff grade of 0.5 g/t) known as the as the Taurus Deposit (see National Instrument 43-101 Technical report on the Cassiar Gold property, April 28, 2012, by S. Zelligan, J. Moors, C. Jolette, posted to SEDAR); and Cassiar South which hosts numerous gold showings, historical workings, and exploration prospects. Historical underground mines in the Cassiar South area have yielded over 315,000 oz of Au at average head grades of between 10 and 20 g/t Au (BC Minfile), underscoring the high potential for further discovery and expansion of bonanza-grade orogenic gold veins.

The Company also holds a 100% interest in the Sheep Creek gold camp located near Salmo, BC. The Sheep Creek gold district ranks as the third largest past-producing orogenic gold district in BC with historical gold production of 742,000 ounces gold at an average grade of 14.7 g/t gold from 1900 to 1951. Minimal exploration work has been conducted since the 1950s.

We aim to continue to expand our company and scope of work to align with the goals of our assets, while maintaining our high standards for environmental stewardship, and strong community relationships. We realize that as the company develops our consumption will likely increase, but we are striving to do so in the most efficient way possible.

Disclaimer and Forward Looking Statements

Company Profile

Organizational Profile

Name

Cassiar Gold Corp.

Describe nature of activities, brands, products and services

Cassiar Gold Corp is a Canadian exploration
company focused on the exploration of its two
gold projects in British Columbia — the Cassiar
Gold and the Sheep Creek Gold projects.

The Cassiar Gold project has upside potential
for both bulk-tonnage in the Cassiar North area
and high-grade gold targets in the Cassiar
South area. It hosts several past-producing
high-grade gold mines that target the high-
grade quartz vein mineralization (>15 g/t gold).
Past production from the property is estimated
to be >350,000 oz gold, with most of it
extracted from the high-grade quartz veins.
The project also has a NI 43-101-compliant
resource estimate of 1 Moz gold at 1.43 g/t gold
at its Taurus bulk-tonnage gold deposit
published in September 2019.

The Sheep Creek Gold Project is an
underexplored, orogenic gold project located in
southern British Columbia within the Sheep
Creek Mining District, which is third among the
largest past-producing orogenic gold districts in
BC. The historical gold production (1900-1951)
in the area was estimated at 785,000 oz gold at
an average grade of 14.4 g/t gold. Cassiar Gold
has consolidated the claims in this district for
the first time ever, to allow systematic, modern
exploration of the identified 10-km long
prospective belt.

We aim to continue to expand our company and
scope of work to align with the goals of our
assets, while maintaining our high standards for
environmental stewardship, and strong
community relationships. We realize that as the
company develops our consumption will likely
increase, but we are striving to do so in the
most efficient way possible.

Link to Corporate Website

https://cassiargold.com/

Industry Classification

NAICS:
21222 Gold and silver ore mining

Market Capitalization

$0-$100Million USD

Type of Operations

Exclusively non-producing operations

Company Headquarters

Calgary, Canada

Link to company's statements of: Purpose, Vision, Mission and Values; Sustainability/ESG strategy; previously published Sustainability/ESG performance or reports. (URL)

ESG Accountability

Role and Name of highest authority within company for Environment, Social and Governance strategy, programs and performance.

Marco Roque, CEO

ESG Reporting Period

Unless otherwise noted, all data contained in this report covers the following period:

From

2021-01-01

2021-12-31

Geographic Scope of Report

Unless otherwise noted, the data in this report covers ESG matters related to the following locations of operations

Canada

Geographic Location of Projects

Identify notable exclusions, and reference any existing or planned reports that do or will address these (e.g, assets recently divested or acquired, non-managed joint ventures, specific exploration activities, recently closed sites, etc.)

This report does not contain any notable
exclusions.

Fragile and Conflict-Affected Situations

Identify all of the entity's countries of operations that align with the World Bank's list of "Fragile and Conflict-Affected Situations"

None

Business Operations Scope of Report

This report does not contain any notable
exclusions.

Mineral Resource Types in Scope

Which of the following mineral resource types are covered by this report

Inferred

2022 NI43-101 Report Cassiar Gold Project

Mineral Reserve Types in Scope

Which of the following mineral reserve types are covered by this report

None

Currency

Unless otherwise noted, all financial figures referenced in this report are in the following currency

CAD

Audit Status

Identify the degree to which any inputs of the report are third-party checked:

Self-Declared

Organizational Profile

Provide a list of externally-developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes, or which it endorses, e.g., GRI, UN Global Compact

Cassiar Gold is aligned with the following
reporting standards:

CDP - Carbon Disclosure Project
GRI - Global Reporting Initiative
GRI Comprehensive - Global Reporting
Initiative - Comprehensive
GRI Core - Global Reporting Initiative - Lite
GRI MM Supplement - Global Reporting
Initiative - Mining and Metals Supplement
ICMM - The International Council on Mining
and Metals
IFC - IFC
ISS - ISS ESG Governance Quality Score
ONYEN - Institutional and Investor Questions
PRI - Principles of Responsible Investing - UN
Funded
SASB - Sustainability Accounting Standards
Board
SASB Modified - Sustainability Accounting
Standards Board - Modified
UGC - UN Global Compact

Strategy

Provide a statement from the most senior decision-maker of the organization (i.e., CEO, chair, or equivalent senior position) about the relevance of sustainability to the organization and its strategy for addressing sustainability (CEO's message for this report)

Please refer to the attached CEO statement.

CEO Statement

Marco Roque, CEO

Provide a description of key impacts, risks, and opportunities,

Our Cassiar and Sheep Creek assets are
brownfield properties. Cassiar Gold has
implemented closure plans for existing tailings
facilities in the Cassiar property. The Sheep
Creek property does not contain tailings
facilities. In addition, we have developed water
management plans due to proximity of the
property to freshwater sources.

Ethics and Integrity

Provide a description of the organization’s values, principles, standards, and norms of behaviour

See attached document and the link below.

Cassiar Gold Code of Ethics and Business
Conduct

Cassiar Gold Vision and Values Statement

Environment

Compliance

a. Report fines and non-monetary sanctions for non-compliance with environmental laws and/or regulations in terms of:

i. Total monetary value of significant fines

ii. Total number of non-monetary sanctions

iii. Cases brought through dispute resolution mechanisms

b. If the organization is in compliance with environmental laws and/or regulations, a brief statement if this fact is sufficient

In 2021, Cassiar Gold was in full compliance of
all applicable environmental laws and/or
regulations.

Greenhouse Gas Emissions

Scope 1

For your operations, disclose the gross global Scope1 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e):

Carbon dioxide (CO₂) (tonne CO₂-e)

343.889

Methane (CH₄) (tonne CO₂-e)

Nitrous oxide (N₂O) (tonne CO₂-e)

Hydrofluorocarbon-23 (CHF₃) (tonne CO₂-e)

Hydrofluorocarbon-32 (CH₂F₂) (tonne CO₂-e)

Sulphur hexafluoride (SF₆) (tonne CO₂-e)

Nitrogen trifluoride (NF₃) (tonne CO₂-e)

Perfluoromethane (CF₄) (tonne CO₂-e)

Perfluoroethane (C₂F₆) (tonne CO₂-e)

Perfluorobutane (C₄F₁₀) (tonne CO₂-e)

Perfluorohexane (C₆F₁₄) (tonne CO₂-e)

The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne)

343.889

The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms.

100.0000%

The entity shall discuss its long-term and short-term strategy or plan to manage its Scope 1 greenhouse gas (GHG) emissions.

As an exploration company, Cassiar Gold's
GHG emissions are currently not a material
issue.

Intensity Ratio

The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne)

343.889

Carbon Offset

Credits

How much CO₂ (metric tonnes) offset credits were purchased?

What is the percentage of the offset to the total CO₂ equivalence?

0.0000%

Air Emissions

Report emissions of air pollutants that are released into the atmosphere:

Emissions of carbon monoxide, reported as CO (tonne)

Emissions of oxides of nitrogen (NOx), reported as NOx (tonne)

Emissions of oxides of sulphur (SOx), reported as SOx (tonne)

Emissions of Particulate Matter 10 micrometres or less in diameter (PM₁₀), reported as PM₁₀ (tonne)

Emissions of lead and lead compounds, reported as Pb (tonne)

Emissions of mercury and mercury compounds, reported as Hg (tonne)

Emissions of non-methane Volatile Organic Compounds (VOCs) (tonne)

Energy Management

Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy)

504.66

The energy is being provided by BC Hydro, and
currently produced using diesel-powered
generators

Percentage energy consumed that was supplied by grid electricity

19.8153%

Percentage of energy consumed that is renewable energy

0.0000%

Water

Efficiency

Proportion of water reused and recycled by the site to reduce the overall consumptive water demand:

Does Not Apply

In 2021, due to the minimal amount of water
consumed, Cassiar Gold did not monitor its
water consumption. The company will monitor
and report water consumption in its 2022 ESG
report.

Water Management

Disclose the freshwater withdrawn in locations with High or Extremely High Baseline Water Stress as a percentage of the total water withdrawn

Does Not Apply

Cassiar Gold does not conduct activities in any
area of high or extremely high baseline water
stress.

Was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations

Total number of instances of non-compliance, including violations of a technology-based standard and exceedances of quality-based standards.

Water and Effluents

Water Consumption

Report the total water consumption from all areas in megaliters

Report the total water consumption from all areas with water stress in megaliters

Waste Management

Total amount of tailings waste generated from mining activities by the entity during the reporting period (tonne)

Cassiar Gold is an exploration company, as
such, it does not generate tailings waste from
mining activities.

Tailings impoundments according to the following U.S. Mine Safety and Health Administration (MSHA) hazard potential classification:

High hazard potential (number)

Significant hazard potential (number)

Low hazard potential (number)

Tailings Storage Facilities Management

Does your company manage Tailings Storage Facilities

Yes

Provide an inventory of all talings storage facilities (TSFs):

TSF #1: (1) facility name

TA-TSF1 & TA-TSF2

TSF #1: (2) location

Canada

TSF #1: (3) ownership status

Owned by Cassiar Gold

TSF #1: (4) operational status

Long term care and maintenance

TSF #1: (5) construction method

Other, please specify

TSF #1: (6) maximum permitted storage capacity

280000

approximate, in tons

TSF #1: (7) current amount of tailings stored

280000

approximate, in tons

TSF #1: (8) consequence classification

Low

TSF #1: (9) date of most recent independent technical review

2021-06-24

TSF #1: (10) material findings

TSF #1: (11) mitigation measures

▪ Removing woody vegetation (i.e., trees and
shrubs smaller than 25 mm butt diameter) from
the crest, the top three meters of sideslopes,
and the spillway, ensuring that the roots are
pulled out. Some earthfill and compaction may
be required if large root bulbs are removed;
▪ Removing woody vegetation (i.e., trees and
shrubs greater than 25 mm butt diameter) from
the crest, the top three meters of sideslopes,
and the spillway, ensuring that the trunks are
cut off close to the ground surface and all cut
material is removed from the dam. The surfaces
should be recompacted, if necessary, after
vegetation removal to restore a flat surface;
and
▪ Repairing, re-grading and/or backfilling
gullies, depressions, rilling, cracking, or similar
features where the dam has been distressed,
eroded or otherwise damaged. Additional fill
should be placed as required to maintain design
grades.

TSF #1: (12) site-specific EPRP

Yes

TSF #2: (1) facility name

TM-TSF 1 & TM-TSF2

TSF #2: (2) location

Canada

TSF #2: (3) ownership status

Owned by Cassiar Gold

TSF #2: (4) operational status

Long term care and maintenance

TSF #2: (5) construction method

Other, please specify

TSF #2: (6) maximum permitted storage capacity

600000

TSF #2: (7) current amount of tailings stored

600000

approximate, in tons

TSF #2: (8) consequence classification

Low

TSF #2: (9) date of most recent independent technical review

2021-06-24

TSF #2: (10) material findings

TSF #2: (11) mitigation measures

TSF #2: (12) site-specific EPRP

Yes

Provide a summary of the tailings management systems used to monitor and maintain the structural integrity of tailings facilities and to minimize the risk of a catastrophic failure.

The following activities are routinely carried
out as part of the tailings management system:

Regular maintenance and review of the
integrity of the TSFs, annual third-party
reviews, adhering to the Operation,
Maintenance and Surveillance Manuals and
Dam Safety Inspection reports. Water quantity
and quality monitoring is also carried out as
part of the TSF maintenance, and Water
Management Report guidelines are followed.
• Complete regular performance monitoring
of the TSFs;
• Review and interpret water quality data;
• Record and report observations from
surveillance activities; and
• Review the surveillance program on an
annual basis, and update as/when required.

Provide summary of tailings management systems and governance structure used to monitor and maintain the stability of tailings storage facilities

As part of its Tailings Management Plan,
Cassiar Gold implements annual visual
inspections of its tailings sites and continuous
grooming of brush on slopes to maintain
structural integrity.

Disclose the approach to the development of Emergency Preparedness and Response Plans (EPRPs).

Please refer to the attached documents below.

Table Mountain TSF

Taurus TSF

Disclose its approach to engagement concerning Emergency Preparedness and Response Plans (EPRPs) at tailings storage facilities, including the preparedness of local stakeholders.

Please refer to the answer above.

Innovation

Spending on Research, Development, and Technologies for waste management compliance and improvement

$25,000

Cassiar Gold's investment in 2021 focused on
stakeholder consultation as well as evaluating
options for tailings recycling and remediation.

Describe nature of spending on Research, Development and Technologies for waste management compliance and improvement

Since 2018, Cassiar Gold has evaluated the
possibility of recycling waste from our non-
operating tailings facilities. We will continue to
search for potential ways of recycling this
waste in the coming years.

Biodiversity

Management Plan

List the environmental and biodiversity management plan(s) implemented at active sites

The intent of this plan is to ensure that the
work conducted by Cassiar Gold is carried out
in such a way that it will not cause unnecessary
negative impacts to wildlife in the area through
the proposed exploration activities associated
with the Cassiar Gold Project.

This plan provides strategies and mitigation
measures for the ongoing management of
wildlife and their habitat in the Project area,
including the protection or avoidance of
wildlife habitat features and measures to
reduce or avoid human-wildlife conflict, and is
based on the guiding principles outlined in the
Species at Risk Act, Migratory Birds
Convention Act, the Wildlife Act, and the
Forest and Range Practices Act, in addition to a
number of Best Management Practices (BMPs)
for specific species (e.g., amphibians and
reptiles, migratory birds).

The plan is designed to fulfill the guidance
provided by provincial and federal statutes,
BMPs, and the information requirements for
the Mines Act permits. The plan provides
environmentally responsible, realistic, and
operationally feasible guidance for wildlife
management.

Monitoring for the endangered Little Brown
Bat has been carried out within the scope of the
company's Reclamation and Closure Plans for
historic portals on site. No evidence of the bats
was found, indicating that permanent closure
by backfilling is viable for these portals.

See document attached.

Moose in wetland area

Porcupine near camp

Black bear in a tree

Geologist among native flora

Cassiar Gold Wildlife Management Plan

1.1 Mine lifecycle stages to which the plan(s) apply

• Pre-bid (when the entity is considering
acquisition of a site)
• Exploration and appraisal
• During closure

1.2 The topics addressed by the plan(s)

• Ecological and biodiversity impacts
• Waste generation
• Noise impacts
• Discharges to water
• Natural resource consumption

1.3 The underlying references for its plan(s), including whether they are codes, guidelines, standards, or regulations; whether they were developed by the entity, an industry organization, a third-party organization (e.g., a non-governmental organization, a governmental agency, or some combination of these groups)

Cassiar Gold's Biodiversity Management Plan
was approved in 1996 by the Ministry of
Energy Mines and Low-Carbon Innovation. It
was revised in April 2021 in accordance with
the Mines Act Health Safety and Reclamation
Code for Mines in British Columbia.

Impacts

Does access to the site involve traversing a protected area

Cassiar Gold Project in relation to nearest Protected Areas

Sheep Creek Project in relation to nearest Protected Areas

Do any of the entities concessions share a watershed with a protected area

Yes

The Cassiar project is within the Dease River
Watershed.

The Sheep Creek project is within the
overlapping Salmo River and the Pend-d'Oreille
River Watersheds with part of the project
within the Kootenay River Watershed. These
are within the greater Columbia River
Watershed.

Dease River Watershed

Pend-d'Oreille and Kootenay Watersheds

Provide context and description of site access involving traversing protected areas, and/or watersheds shared with a protected area. Include reference to measures in place to assure access, any proactive programs to support the biodiversity of the protected area, and any formal complaints or compliance issues and related steps to resolve

Neither our Cassiar Gold nor Sheep Creek
assets traverse or are adjacent to a protected
area.

The Cassiar Project main camp is a historic
mine site located in the Cassiar region of
northern British Columbia (BC); 21 kilometres
(km) south of the town of Good Hope Lake, BC,
140 km south of Watson Lake, Yukon Territory
(YT), and 110 km north of Dease Lake, BC. The
site is located in the Liard Mining Division and
is within the traditional territory of the Kaska
Dene First Nation.

The Sheep Creek camp is accessible by
traveling five kilometers south of Salmo, B.C. on
paved Highway 3/6, then traveling a further
nine kilometers east on the Sheep Creek forest
access road to the junction of Sheep and Waldie
Creeks. This is roughly the centre of the historic
camp. Access from this point to all of the main
historic mines is by mine access roads, which
are generally passable by 4-wheel drive
vehicles or by ATV.

Percentage of proved reserves in sites with protected conservation status or in areas of endangered species habitat:

Does Not Apply

Percentage of probable reserves in sites with protected conservation status or in areas of endangered species habitat:

Does Not Apply

Percentage of inferred, indicated and measured reserves in sites with protected conservation status or in areas of endangered species habitat:

0.0000%

Social

Employment

Scale of the Organization

i. Report the total number of direct employees worldwide (exclude contractors)

ii. Report the total number of contract employees worldwide

iii. Total number of employees worldwide

iv. Total number of female employees and contractors worldwide

Female employees and contractors as percentage of total employees and contractors

26.0870%

v. Total number of male employees and contractors worldwide

Male employees and contractors as percentage of total employees and contractors

73.9130%

vi. Total number of non-binary employees and contractors worldwide

Non-binary employees and contractors as percentage of total employees and contractors

0.0000%

Report the total number of operations

Employee Information

Report the total number of direct employees by employment type (permanent and temporary), by gender:

Total number of permanent employees

Total number of permanent employees - female

Total number of permanent employees - male

Total number of permanent employees - Non-binary

Total number of permanent employees - Gender not disclosed

Total number of temporary employees

Total number of temporary employees - female

Total number of temporary employees - male

Total number of temporary employees - Non-binary

Report the total number of contractors by employment type (permanent and temporary), by gender:

Total number of permanent contractors

Total number of temporary contractors

Total number of temporary contractors - female

Total number of temporary contractors - male

Total number of temporary contractors - Non-binary

Report the total number of employees by employment type (full-time and part-time), by gender:

Total number of full-time employees - female

Total number of part-time employees - female

Total number of full-time employees - male

Total number of part-time employees - male

Total number of full-time employees - Non-binary

Total number of part-time employees - Non-binary

Report the total number of contractors by employment type (full-time and part-time), by gender:

Total number of full-time contractors - female

Total number of part-time contractors - female

Total number of full-time contractors - male

Total number of part-time contractors - male

Total number of full-time contractors - Non-binary

Total number of part-time contractors - Non-binary

Turnover

Report the total number and rate of employee turnover during the reporting period, by age group, and gender

All Employees:

Total number of turnover (the number that left during the period)

Rate of turnover

4.4444%

Female employees:

Total number of turnover (the number of females that left during the period)

Rate of turnover, females

18.1818%

Male employees:

Total number of turnover (the number of males that left during the period)

Rate of turnover, males

0.0000%

Non-binary employees:

Total number of turnover (the number non-binary that left during the period)

Rate of turnover, non-binary

Does Not Apply

Turnover & Age Breakdown

Employees aged 30 years old and under:

Total number of turnover (the number that left during the period)

As percent of total employees

47.8261%

Rate of turnover

8.6957%

Employees aged between 30 and 50 years old:

Total number of turnover (the number that left during the period)

As percent of total employees

30.4348%

Rate of turnover

0.0000%

Employees over 50 years old:

Total number of turnover (the number that left during the period)

As percent of total employees

4.3478%

Rate of turnover

0.0000%

Identify types of employees captured in the turnover rate calculations

Other, please specify

In 2021, a seasonal employee left the
organization to pursue other opportunities.

Average age of employees

Labour Relations

Collective Bargaining Agreements

Percentage of total direct employees covered by collective bargaining agreements:

0.0000%

Notice Periods

Minimum number of weeks’ notice typically provided to employees and their representatives prior to the implementation of significant operational changes that could substantially affect them

Cassiar Gold's employment contract provides a
30-day minimum notice period on issues such
as retrenchment and significant operational
changes that could substantially affect workers.

Occupational Health and Safety

Work-related Injuries

Injuries - For all employees:

i. Number of fatalities as a result of work-related injury

i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked

ii. Number of high-consequence work-related injuries (excluding fatalities)

ii. Rate of high-consequence work-related injuries (excluding fatalities)

iii. Number of recordable work-related injuries

iii. Rate of recordable work-related injuries

20.838

iv. Main types of work-related injury, e.g., confined space, trips, falls, etc.

A worker was lifting rice bags of drill core (rock)
samples (50 lb/bag) off the floor & placing them
inside a megabag for shipping. They described
squatting, lifting the load with their legs while
holding it close to their body, then - once
standing - slightly twisting their spine &
extending their arms to reach across the far
side of the megabag to set the rice bag within it.
At this point the work felt a 'bit of a click' &
discomfort in their lower back, but did not
report at this time. The worker described mild
discomfort in their lower back, slightly right of
centre (they described as 'lower lumber right
paraspinal'). Did not report, kept working at
this time. Pain & stiffness increased over the
course of their day; reported it to their
supervisor in the evening same day of incident.

v. Number of hours worked

9598

Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

20.838

Injuries - workers who are not employees but whose work and/or workplace is controlled by the organization:

i. Number of fatalities as a result of work-related injury

i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours

ii. Number of high-consequence work-related injuries (excluding fatalities)

ii. Rate of high-consequence work-related injuries (excluding fatalities)

9.358

iii. Number of recordable work-related injuries

High-consequence injury reported below was
non-recordable for Cassiar Gold, the
contracting company was responsible for all
records.

iii. Rate of recordable work-related injuries

iv. Main types of work-related injury, e.g., confined space, trips, falls, etc.

An altercation occurred between site
contractors during maintenance on a drill rig.
Emotions were high between two contactors
resulting in physical confrontation. Both
contractors were assessed for injuries and
removed from site.

v. Number of hours worked

21372

Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

9.358

Combined (Employees and non-employees, but controlled by the organization):

Total Hours Worked

30970

Total number of all work-related injuries

Rate of work-related injuries

12.916

Total Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

12.916

Report the work-related hazards that pose a risk of high-consequence injury, including:

i. How have these hazards been determined

Hazards are determined through daily
assessment of work sites, lunchbox/tailgate
meetings, training, and learning from previous
incidents. Cassiar Gold internal polices in effect
for all staff, contractors, and visitors relating to
hazard determination include:
• Site Safety Orientation Task Orientation
• Job Hazard Assessment
• Risk and Event Classification
• Hazard Identification
• WHMIS Log
• Heavy Lifting Procedure
• Working in Confined Spaces
• Working Alone Policy
• Fire Safety and Prevention
• General Housekeeping
• Visitors Safety
• Emergency Alarm Procedure
• Infectious Disease Prevention Protocol

ii. Which of these hazards have caused or contributed to high-consequence injuries during the reporting period

In this reporting period, a contractor sustained
injuries from a conflict between two contractor
employees. In adherence to our workplace
policy, these individuals were terminated from
the project.

iii. Actions taken or underway to eliminate these hazards and minimize risks using the hierarchy of controls

Conflict resolution was implemented as a topic
of discussion in daily lunchbox meetings that
included employees and contractors.

Report on actions taken or underway to eliminate other work-related hazards and minimize risks using the hierarchy of controls

Cassiar Gold's Health and Safety policies and
procedures, require field staff conduct daily
work site inspections, hold Health and Safety
lunchbox meetings to discuss hazards
identification, provide quick training
opportunities and report near-miss
incidents. Cassiar Gold also has policies on
near miss, high potential incidents, and LTI
reporting.

Whether and, if so, why any workers have been excluded from this disclosure, including the types of worker excluded, e.g., short-term contractors

We have excluded our drill contractor from this
disclosure as they implement their own Health
and Safety protocols and standards.

Disclose any contextual information necessary to understand how the data have been compiled, i.e., any standards, methodologies, and assumptions used

Cassiar Gold's Health and Safety Management
Program complies with the provincial Work
Safe British Columbia and the Mines Act.

Safety Training

Disclose the average number of training hours provided to its workforce for health, safety, and emergency management training.

Average hours of health, safety, and emergency response training for (a) full-time/direct employees:

Average hours of health, safety, and emergency response training for (b) contract employees:

Diversity and Equal Opportunity

b. Report the percentage of employees per employee category in each of the following diversity categories

Board of Directors:

Total Board of Directors

Percent Male

100.0000%

Percent Female

0.0000%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

33.3333%

Percent over 50 years of age

66.6667%

Senior Management:

Total Senior Managers

Percent Male

75.0000%

Percent Female

25.0000%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

75.0000%

Percent over 50 years of age

25.0000%

Salaried (excluding Senior Management):

Total Middle Managers

Percent Male

50.0000%

Percent Female

50.0000%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

100.0000%

Percent over 50 years of age

0.0000%

Technical Employees (skilled hourly):

Total Technical Employees

Percent Male

71.4286%

Percent Female

28.5714%

Percent Non-Binary

0.0000%

Percent under 30 years of age

85.7143%

Percent between 30 and 50 years of age

14.2857%

Percent over 50 years of age

0.0000%

Production Employees (unskilled hourly):

Total Production Employees

Percent Male

Does Not Apply

Percent Female

Does Not Apply

Percent Non-Binary

Does Not Apply

Percent under 30 years of age

Does Not Apply

Percent between 30 and 50 years of age

Does Not Apply

Percent over 50 years of age

Does Not Apply

Contractors:

Total Contractors

Percent Male

100.0000%

Percent Female

0.0000%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

100.0000%

Percent over 50 years of age

0.0000%

Security, Human Rights and Rights of Indigenous People

Identify the countries of operations within the World Bank's list of “Fragile and Conflict-Affected Situations”

None

Describe the nature of any social risks, for all operating countries, that could have a material risk to operations

The Cassiar Gold Project operates within the
Kaska Dena Nation. We have established
informal agreements with the Dease River First
Nations Development Corporation and engage
partner companies in coordination with
leadership of the Dease River First Nation
which is a member of the Kaska Dena Nation.

Percentage of proved reserves that are located in or near areas of active conflict:

Does Not Apply

The total amount of proved reserves

Percentage of probable reserves that are located in or near areas of active conflict:

Does Not Apply

The total amount of probable reserves

Percentage of inferred, indicated and measured reserves that are located in or near areas of active conflict:

0.0000%

Total amount of inferred, indicated and/or measured reserves

1400000

Percentage of proved reserves that are located in or near areas that are considered to be indigenous peoples’ land:

Does Not Apply

The total amount of proved reserves

Percentage of probable reserves that are located in or near areas that are considered to be indigenous peoples’ land:

Does Not Apply

The total amount of probable reserves

Percentage of inferred, indicated and measured reserves that are located in or near areas that are considered to be indigenous peoples’ land:

100.0000%

Total amount of inferred, indicated and measured reserves

1400000

Describe due diligence practices and procedures with respect to indigenous rights of communities in which it operates or intends to operate

Cassiar Gold follows the Ministry of Energy,
Mines and Low-carbon innovation's
requirements for permit approval which
requires First Nation Consultation and
engagement.

Discuss practices and list procedures while operating in areas of conflict

Cassiar Gold does not operate in areas of
conflict.

Community Relations

Artisanal and Small-Scale Mining

Number of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site (not controlled by company/unauthorized):

Programs

Report on community relations programs, objectives and achievements in the past 3 years

Cassiar Gold has engaged with our local
community to support initiatives such as the
construction of a local hockey rink, local hires,
site clean up /assessment and training support
with the land guardian program – aside from
the non-exhaustive activities below:

➢ Chamber of Mines - Board member
➢ PAC Red Fish Elementary - Treasurer
➢ Columbia Institute for Renewable Energy -
Board Member
➢ Community Investment Coops – Board
member
➢ Volunteer Fire Department - Volunteer
➢ Bear Smart Community and Stream keepers
Society – Supporters
➢ Coaching community kid activities –
soccer/hockey

Cultural Exchange

Dease River Development Corporation contractors

Streamkeeper Stream Monitoring Survey

Discuss the processes, procedures, and practices to manage risks and opportunities associated with the rights and interests of communities in areas where it conducts business

Cassiar Gold conducts annual community
consultation workshops and triannual
leadership updates on operations. During these
engagement opportunities, Cassiar Gold
receives feedback from First Nations on the
monitoring and evaluation of our projects.

Among our other projects we :
➢Work with the Dease River First Nations to
recruit and retain local hires.
➢ Invite First Nation members to participate in
our work training sessions on mine safety
➢ Invest in environmental stewardship training
for members of First Nations
➢ Work with the Dease River First Nations
Development Corporation to procure
contractors
➢Engage with First Nations to educate our staff
on cultural-historical issues that are of
importance to First Nations. These cultural
exchanges have resulted in restrictions on
operations that interfere with traditional
hunting activities.

Risks and Opportunities

Disclose the total number of site shutdowns or project delays due to non-technical factors.

Disclose the total aggregate duration (in days) of site shutdowns or project delays due to non-technical factors.

Governance

Climate Change

Oversight

Is there board-level oversight of climate-related issues within your organization

Yes

Responsibility

Provide the highest management-level position(s) or committee(s) with responsibility for climate-related issues:

President

Nature of primary responsibility

Managing climate-related risks and
opportunities

Reporting

Frequency of reporting to the board on climate-related issues

As important matters arise

Incentives

Do you provide incentives for the management of climate-related issues, including the attainment of targets

No, and we do not plan to introduce them in the
next two years

Risk and Opportunity Management

Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities

Yes

In 2021, Cassiar Gold is developing its ESG
policies and procedures that will include
guidelines for identifying, assessing and
responding to climate-related risks and
opportunities linked to our environmental,
biodiversity, water and tailings management
programs. These ESG policies and procedures
will be reviewed by the Board in 2022.

Risk Assessments

Have you identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on your business

No - risks exist, but none with potential to have
a substantive financial or strategic impact on
business

Opportunity Assessments

Have you identified any climate-related opportunities with the potential to have a substantive financial or strategic impact on your business

Yes, we have identified opportunities but are
unable to realize them

Cassiar Gold has evaluated the possibility of
implementing technology that would allow the
company to recycle tailings. The study
concluded it was not economically feasible.

Strategy

Have climate-related risks and opportunities influenced your organization’s strategy and/or financial planning

Water Management

Quality and Quantity Dependency

Rate the importance (current and future) of freshwater quality and quantity to the success of your business:

Direct use importance rating

Not very important

Indirect use importance rating

Not very important

Rate the importance (current and future) of sufficient quantity of recycled, brackish and/or produced water for the success of your business:

Direct use importance rating

Not important at all

Indirect use importance rating

Not important at all

Risk Assessments

Does your organization undertake a water-related risk assessment

Yes, water-related risks are assessed

Cassiar Gold conducts water quality
evaluations is in compliance with BC Northern
Health water management requirements.

Select the options that best describe your procedures for identifying and assessing water-related risks:

i. Coverage

Partial

ii. Risk Assessment Procedure

Water risks are assessed in an environmental
risk assessment

iii. Frequency of Risk Assessment

Annually

iv. How far into the future are risks considered

Up to 1 year

Have you identified any inherent water-related risks with the potential to have a substantive financial or strategic impact on operations

Opportunity Assessments

Have you identified any water-related opportunities with the potential to have a substantive financial or strategic impact on your business

Responsibility

Provide the highest management-level position(s) or committee(s) with responsibility for water-related issues

President

Policy

Does your organization have a documented water policy

Cassiar Gold does not currently have a
documented water policy. A water policy will be
developed once projects are operational.

Reporting

Frequency of reporting to the board on water-related issues

As important matters arise

Incentives

Do you provide incentives to C-suite employees or board members for the management of water-related issues

No, and we do not plan to introduce them in the
next two years

Strategy

Are water-related issues integrated into any aspects of your long-term strategic business plan:

Yes, water-related issues are integrated

If water-related issues are integrated into any aspects of your long-term strategic business plan, please describe further

Cassiar Gold will include water -related issues
as the company develops its production plan.

If water-related issues are integrated into any aspects of your long-term strategic business plan, identify the associated long-term time horizon

5-10 years

General Disclosure

Structure

a. Report the governance structure of the organization, including committees of the highest governance body, e.g., the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc.

Please refer to the attached document
describing the structure of the Board of
Directors.

Cassiar Gold Key Board, Management and Advisors

Committees

b. Report the committees responsible for decision-making on economic, environmental, and social topics, e.g., the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc.

In this reporting period, the VP of Exploration
was responsible for decision-making on
economic, environmental and social topics.

Responsibility

a. Has the organization appointed an executive-level position or positions with responsibility for economic, environmental, and social topics , e.g., is it part of the Governance structure of the company, the CFO or internal audit reporting to the Board

Yes

Reporting Structure

b. Report whether position holders report directly to the highest governance body or CEO

The VP of Exploration reports directly to the
CEO.

Consultation Process

Report the processes for consultations between stakeholders and the highest governance body on economic, environmental and social topics, e.g., for most mining companies it would be the executives and operations and not the Board, and if delegated, explain how

Cassiar Gold's field team liaises directly with
stakeholders and reports directly to the CEO
and the Board of Directors through weekly
meetings.

Composition

Report the composition of the highest governance body and its committees by:

Number of executive members

Number of non-executive members

The board is comprised of non-executive,
independent members, aside from Marco
Roque (CEO, President, and a Director ), an
executive and non-independent member.

Number of independent members

Less than 3 years

3-6 years

6-9 years

More than 10 years

Lists of each individual’s other significant positions and commitments, and the nature of the commitments, e.g., other boards and executive positions

For information on our Board of Director's
significant positions and commitments, please
refer to the link below. Three Board members
comprise the corporate governance and
nominating committee.

Cassiar Gold Directors

Number of Male governance body members

Number of Female governance body members

Number of members from under-represented social groups

Description of competencies relating to economic, environmental, and social topics

For information on our Board of Director's
competencies relating to economic,
environmental and social topics, please refer to
the link below.

Cassiar Gold Directors

Description of stakeholder representation

Cassiar Gold is a Canadian exploration and
development company, please see the attached
file for more details on stakeholder
representation.

Our primary stakeholder representation
consists of
• Shareholders and capital providers
• Employees, contractors, and suppliers
• Local communities and First Nations
• Governments and regulatory bodies
• Civil society organizations

Please refer to the image attached for a
description of our shareholder representation.

Cassiar Gold Stakeholder Representation

Board Diversity

Do you have a diversity policy and if so, provide details, link to the policy or attach the file

Please refer to the link below.

Cassiar Gold Equal Opportunities Policy

Non-Executive Director

Is the chair of the highest governance body also an executive officer in the organization

Conflicts of Interest

Report the processes for the highest governance body to ensure conflicts of interest are avoided and managed, e.g., list procedures

Cassiar’s Whistleblower Policy governs the
process through which the Company’s
directors, officers, employees and consultants,
or any member of the public, can anonymously
and confidentially report any potential
violation or concern contrary to the Company’s
policies or local laws or regulations. This Policy
establishes a mechanism to support and
promote the Company’s values by encouraging
its directors, officers, employees and
consultants to talk to their managers or other
appropriate personnel about any concerns they
may have in respect of illegal or unethical
behaviour.

Whistleblower Policy

Report whether conflicts of interest are disclosed to stakeholders, including, as a minimum:

Yes

i. Cross-board membership

Yes

ii. Cross-shareholding with suppliers and other stakeholders

Yes

iii. Existence of controlling shareholder

Yes

iv.Related third party disclosures

Yes

Transparency

Report the highest governance body’s and senior executives’ roles in the development, approval, and updating of the organization’s purpose, value or mission statements, strategies, policies, and goals related to economic, environmental, and social topics

The Board of Directors has the authority to
approve/reject changes to the company's
purpose, value and mission statements.
They also influence the company's economic,
environmental and social strategies, policies
and goals.

Report on the measures taken to develop and enhance the highest governance body’s collective knowledge of economic, environmental, and social topics, e.g., board training

Cassiar Gold's Board of Directors are advised
of all ESG related issues pertaining to the
company's projects through weekly meetings
with field staff.

Report the actions taken in response to evaluation of the highest governance body’s performance with respect to governance of economic, environmental, and social topics, including, as a minimum, changes in membership and organizational practice, (response to external evaluations)

In 2022, Cassiar Gold plans to formalize
operational procedures regarding board
oversight of ESG matters implemented in 2021.

Report the highest governance body’s role in identifying and managing economic, environmental, and social topics and their impacts, risks, and opportunities – including its role in the implementation of due diligence processes, (committee roles)

In 2021, field staff identified and managed
economic, environmental and social impacts,
risks and opportunities. Field staff reported
these matters to the CEO and Board of
Directors.

Is stakeholder consultation used to support the highest governance body’s identification and management of economic, environmental, and social topics and their impacts, risks, and opportunities, and if delegated, explain how

Yes

For further information on how stakeholder
consultation was delegated in 2021, please
refer to the answer above.

Remuneration

Report how performance criteria in the remuneration policies relate to the highest governance body’s and senior executives’ objectives for economic, environmental, and social topics

In 2021, remuneration criteria did not include
performance on economic, environmental and
social topics. This matter will be reviewed in
2022.

How are stakeholders’ views sought and taken into account regarding remuneration

In 2021, Cassiar Gold consulted its
management team on its views regarding
remuneration. In 2022, the company plans to
conduct industry benchmarks to evaluate
remuneration.

Ethics

Describe the management system and due diligence procedures for assessing and managing corruption and bribery risks internally and associated with business partners in its value chain.

Cassiar Gold's Whistleblower policy describes
the process for assessing and managing
corruption and bribery risks. It applies to
employees, directors, and contractors.

Cassiar Gold Whistleblower Policy

Report net production from activities located in the countries with the 20 lowest rankings in Transparency International’s Corruption Perception Index (CPI) (Saleable tonne):

Anti-corruption

Communication and Training

i. Total number of governance body members that have received training on anti-corruption, broken down by region

ii. Total percentage of governance body members that have received training on anti-corruption, broken down by region:

50.0000%

Total number and percentage of employees that have received training on anti-corruption, broken down by employee category and region:

1a. Total number of employees that received training on anti-corruption

Anti-corruption training will be implemented in
future years, with policies incorporated into the
existing list of company P&P. Training will be
for all levels of staff and management.

1b. Total percentage of employees that received training on anti-corruption

5.0000%

2a. Total number of senior employees that received training on anti-corruption

2b. Percentage of senior employees that received training on anti-corruption

33.3333%

Material Topics

Process to determine material topics

Describe the process followed to determine its material topics, including:

i. How has the organization identified actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights, across its activities and business relationships; provide details.

• Grievance mechanisms
• Civil society organizations
• Other external sources, please list

Cassiar Gold has a robust local stakeholder
engagement program through which the
company receives feedback on its activities.

ii. How has the organization prioritized the impacts for reporting based on their significance;

Cassiar Gold has not yet prioritized the impacts
for reporting based on the significance of these
to external stakeholders.

Specify the stakeholders and experts whose views have informed the process of determining its material topics and provide details.

• Civil society organizations
• Employees and other workers
• Governments
• Local communities
• Shareholders and other capital providers

Cassiar Gold engages systematically with all
stakeholders on an annual basis at a minimum.

List of material topics

List the organization's material topics

• Overall environmental
• Indigenous Rights
• Closure Planning
• Marketing
• Compliance

For the purpose of this report, we have
included the top 5 most relevant topics to our
projects.

List the organization's non-material topics

• Child Labor
• Anti-competitive Behavior
• Resettlement
• Customer Health and Safety
• Product and Service Labeling

For the purpose of this report, we have
included the 5 least relevant topics to our
projects.

Provide reason for considering such topics not material, provide details.

Not applicable

Report changes to the list of material topics compared to the previous reporting period.

This is Cassiar Gold's first materiality
disclosure.

Tax

Describe the approach to stakeholder engagement and management of stakeholder concerns related to tax, including:

i. The approach to engagement with tax authorities

Cassiar Gold employs a designated CFO that
files and reports to the regulated tax authority,
Canada Revenue Agency. External audits are
conducted annually by MNP.

ii. The approach to public policy advocacy on tax

Cassiar Gold does not conduct advocacy on tax
related matters.

iii. the processes for collecting and considering the views and concerns of stakeholders, including external stakeholders

Cassiar Gold may collect and consider the
views and concerns on tax related matters of its
shareholders.



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