Eureka Resources Inc.

Sheba Project

Aurora Geosciences managed the planning and execution of Eureka's airborne geophysical survey as well as the geological sampling, mapping, prospecting, and geochemical sampling on the Sheba Property over the course of the 2017 season as well as the ongoing exploration efforts on the property.

Sheba Property

The Sheba property consists of 160 mining claims covering 3,360 hectares (8,299 acres) at the confluence of two forks of Wounded Moose Creek east of Eureka Dome. Elevations range from just under 600 metres along Eureka Creek to 1,000 metres in the western area of the property. There is no road access, although the confluence is located 7.1 kms from the Indian River Bridge of the Eureka Dome Road, which extends to active placer operations along Maisy May, Black Hills and Henderson creeks.

The Sheba property is directly east of the Eureka prospect, which consists of three mineralized showings, the Allen, the Wealth and the Childs showings. Grab samples from the Allen showing, located along the upper reaches of Eureka Creek consisted of milled, clay-rich brecciated quartzite and quartz-muscovite and returned values to 15 g/t gold. Continuous chip sampling across this zone returned a value of 0.44 g/t gold across 4 metres. At the Wealth showing, chip sampling returned a value of 0.33 g/t gold across 6.5 metres. Check assaying returned a value of 0.41 g/t gold. Reverse-circulation drilling returned a value of 0.66 g/t gold across 8 metres. At the Childs showing, grab sampling returned values to 3.97 g/t gold with 3.2 g/t silver. All showings are associated with sizable gold anomalies identified by soil geochemical sampling.