Austin Gold Corp.

6.3 Data Compilation

6.3.1 **P2 Gold****2020-2021

GeoGRAFX Consulting, LLC ("GeoGRAFX") was contracted to create a verified digital GIS database of land status, geology, assay data, drill hole information, and surface geochemical data for the Stockade Mountain Project. GeoGRAFX also conducted multi-element analysis of the historical geochemical data to identify patterns, anomalies, and relationships within the historical dataset.

The original data were received from Bud Hillemeyer of Bull Mountain Resources following execution of a lease agreement with P2 Gold in 2020. The dataset included unverified spreadsheets, MapInfo files, and .pdf documents containing drill-hole collar information and down-hole assay data, primarily derived from original laboratory certificates, as well as surface geochemical data. Most other historical information consisted of scanned paper maps, sections, logs, memoranda, and other materials produced by previous operators including:

• Surface geochemistry locations for soil, rock, and stream samples were compiled from MapInfo files and scans of hardcopy maps. More than 2,500 surface samples were attributed with locations and assay values.

• The drill hole database included a total of 57 historical drill holes. Drill hole collar locations were digitized from historical maps and reviewed using Google Earth imagery. Laboratory certificates and drill-hole logs were used to validate a large portion of the historical drill-hole assay data.

• Surface geologic mapping completed by various companies which was rectified into a common projection system and compiled into a MapInfo workspace.

GeoGRAFX utilizes both ArcGIS and MapInfo/Discover as a software platform for spatial-analysis based review of the compiled geologic, drill, and soil and rock geochemical data.

The following section describes procedures that GeoGRAFX Consulting completed to validate and verify the Stockade Mountain databases.

6.3.1.1 ***Surface Sample Locations

The majority of historical maps for the Stockade Mountain Project used 7.5-minute topographic maps as the base. The relevant maps covering the area include the Stockade Mountain, Crowley, and Hickey Basin quadrangles. Historically, these maps were registered in NAD27 Zone 11, and this projection was used to register the historical maps during the compilation process.

Sample location points were digitized using the MapInfo/Discover platform. Attributes included Sample ID, Easting, Northing, Sample Type, Company, and File Source. None of the sample locations were verified in the field.

A discrepancy exists between the sample locations shown on the Phelps Dodge 1" = 400' Geology and Sample Locations map and the 1" = 200' South Target Area Sample Locations and Geology insert, with differences of up to approximately 100 feet between locations on the two maps. Ms. Carroll accepted the locations shown on the 1" = 400' map as the primary reference and used the insert to verify the Sample ID field where labels on the larger map were difficult to read.

6.3.1.2 Assay Data

Assay certificate values were obtained using Optical Character Recognition software applied to the .pdf files supplied by Bull Mountain Resources. These values were merged into Excel spreadsheets suitable for creating a GIS database. The values were subsequently reviewed by a third party, and errors were corrected prior to merging the data into the database.

Attributes included fields such as SampleID, Easting, Northing, Line, Station, File Source, Laboratory, Date, Certificate Number, and Notes.

Several of the assay certificate files contained missing pages in the supplied .pdf documents:

6.3.1.3 ***Drill Hole Database Compilation

GeoGRAFX utilized MapInfo/Discover GIS software to manage the drill hole database. The database was validated using the built-in validation functions within the MapInfo/Discover modeling software. These functions check for drill hole name mismatches, missing data, overlapping sample intervals, and discrepancies in end-of-hole depth values.

The following checks were performed on the dataset:

• Collar Table: Verification that all required fields are present; checks for duplicate hole IDs; comparison of collar coordinates in the collar table with mapped collar locations; checks for zero coordinate values; and verification that no two collars share the same location.

• Survey Table: Verification that no two survey entries for the same drill hole share the same depth value; comparison of the survey file end-of-hole depth with the collar file end-of-hole depth; confirmation that the survey file does not exceed the collar file depth; verification that survey file collar names match those in the collar table; checks that dip values fall within the ±90° range and conform to the drill hole project setup; and verification that azimuth values fall within the 0°-360° range.

• Downhole Tables: Checks to confirm that sample intervals do not overlap; comparison of sample depths with the end-of-hole value in the collar table to ensure the downhole table does not exceed total depth; verification that downhole table collar names match those in the collar table; and checks for duplicate sample numbers.