Financial Projections. Season No. 1 (limited production) 100 days Project Life at 324,000 yds. per season 15 years - mine life calculation 2

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1 Financial Projections Assumptions Year 1: Gold Price: $1,500 per oz. 1 Yards of material per hour/day: 150 yph/1,800 ypd Yards per Season: 180,000 Days per Season: 120 to 137 days normal season Season No. 1 (limited production) 100 days Project Life at 324,000 yds. per season 15 years - mine life calculation 2 COGS: Cost of production $5.00 per yard Gold recovery per yard: oz./yard Using the newly designed Godwin Gold Dredging System, Godwin Mining expects to produce approximately 21 gross ounces per day at 85% purity thereby netting troy ounces during the first mining season June 1, to Sept 30, 2015 (120 days) totaling 100 working days of operation at 12 hrs per day with down time of between12 to 17 days for dredge setup, preventative maintenance and gold recovery tuning. (Normal season days.) The approximate operating cost per yard is expected to be in the $5.00/yard range. At the rate of 150 yards per hour x 12 hours = 1,800 yards x 100 days = 180,000 yards per season or $900,000. (Daily production for first year will be increased as the bugs of the new machine are worked out and the system is fine-tuned.) Gross Income is calculated to be $2,679,000 for year 1 (1,786 net ounces). First Year gross Income is calculated to be $ 2,679,000 COGS: $ 900,000 Gross return $ 1,779,000 Repayment of debt to sinking fund $ 1,334,250 at a rate of 75% of Gross until paid Net remaining with Company $444, $1.500 per oz. is based on the assumption that over the 15 years of mining operations gold will average that amount. See page 3 for calculations. 1

2 Assumptions Year 2 thru 6: Gold Price: $1,500 per oz. Yards of material per hour/day: 150 yph / 2,700 ypd Yards per Season: 324,000 Days per Season: 110 to 125 (total potential work days 137) COGS: $5.00 per yard Gold recovery per yard: oz./yard Godwin Mining during a full mining season expects to produce approximately gross ounces daily at 85% purity netting troy ounces per day during the mining season May 15, to Sept 30, 2015 (137 days) totalling 120 days of operation at 18 hrs per day with down time of between 12 to 17 days for preventative maintenance, equipment breakage and gold cleanup. (Normal season 120 days) Using net oz per day at 120 days of operation the gross revenue at $1,500 per oz. the total amounts to $4,820,877 USD The approximate cost per yard is expected to be in the $5.00/yd. range. At the rate of 150 yards per hour x 18 hours = 2,700 yards x 120 days = 324,000 yards per season or $1,620,000. Gross Income is calculated to be $4,820,877 years 2 through year 6 (Year 2 through year 6 3, net oz. gold) Years 2 thru year 6 $ 4,820,877 COGS: $ 1,620,000 Gross return $ 3,200,677 Repayment of debt to sinking fund $ 2,400,507 at a rate of 75% of Gross until paid Net remaining with Company $ 800,169 2

3 Revenue Projections based on $1500 per oz. and 8% interest. These numbers are based on information as shown above in the assumptions and are rounded off. Year 1 Year 2 Year3 Year 4 Year 5 Year 6 Yards Processed/Day 1,800 2,700 2,700 2,700 2,700 2,700 Revenue 2,679,000 4,820,877 4,820,877 4,820,877 4,820,877 4,820,877 COGS $5.00/yd 900,000 1,620,000 1,620,000 1,620,000 1,620,000 1,620,000 Gross Profit 1,779,000 3,200,677 3,200,677 3,200,677 3,200,677 3,200,677 Net Income 1,779,000 3,200,677 3,200,677 3,200,677 3,200,677 3,200,677 Debt & Interest Repayment Cash flow after debt repayment 1,334,250 2,400,507 1,519, , ,170 1,680,789 3,200,677 3,200,677 3,200,677 Amount of Loan $4.5 million USD Year 1 - Interest paid = $360,000 Debt reduced = $974,250 Loan remaining $3,525,750 Year 2 - Interest paid = $282,060 Debt reduced $2,118,447 Loan remaining $1,407,303 Year 3 - Interest paid = $112,584 Debt reduced $1,407,303 Loan paid off of $4.5 million USD Interest paid on unpaid balance at 8% $754,644 Total principal and interest paid $5,254,634 3

4 Mine Life Calculation 51 claims - Land area is approximately 15,000,000 square feet of mineable gravels. Approximately 1.7 Million square yards of surface (2.5 cubic yards x 1.7 million square yards of surface to get 4.25 million cubic yards of high grade sluice material) Approximately 4.25 million Cubic yards of high grade added to 6.375M cubic yards of low grade gravel = M cubic total yards or 32 years of mine life at the current projected rate of production (15 years used for calculations) Alternate calculation Production gravels available would be a minimum of 1,000 feet wide X 25,000 feet long X 17 feet deep (Pay zone is 15 feet of high and low grade gravels and 2 feet of bedrock) = 425,000,000 cubic feet 27 = 15,740,740 cubic yards X gold grade of = 173,148 gross ounces gold in ground. Production at 18 hours X 150 yards X 120 days = 324,000 yards divided into 15,740,740 yards of reserves = 48 years production life at 3,781.2 gross ounces of gold production per year. 4

5 Use of Loan Proceeds Purchase of Wounded Moose Mining Corporation shares and Mining Equipment Equipment Description Year Cost Currently Located Wounded Moose $1,400,000 company shares Bulldozer (2) Used Cat D9N $500,000 Prince George, Fort St. John, BC Excavator (2) Used Cat 300b or 345b $300,000 Front end loader Used Cat 980 or $200, Dredge (3 piece) Total New Steel pontoon dredge 2013 $200,000 Vancouver, BC 60 long by 30 wide pontoons and transportable by truck custom designed by Russell Godwin to be built by Allied Shipyards Ellicott duel $425,000 bucketwheel head & pump Gold plant New 200 yard per hour 2013 $414,000 Revelstoke, BC Gold Machine Sluice Water Pump & New - 6 x 8 inch 1,500 gal $30,000 Portland, OR, Pipe per minute & 6 pipe Transportation of $200,000 Vancouver, BC equipment to the site - Yukon Camp pickup truck & Used $43,000 Vancouver, BC trailer 2005 or earlier, 4x4 Duelly, manual tranny Fuel tank (10,000 gal) & New or used $30,000 Langley, BC field fuel trailer Service truck Used $50,000 Vancouver, BC Service building and New Norsteel Building $30,000 Calgary, AB gold room Cook Shack New - Atco 58 foot combo, $180,000 Calgary, AB storage-cook-wash trailer Bunk Trailer (2) Used Atco $100,000 Calgary, AB Gold Room equipment New - Gold jigs, shaker $75,000 Brighton, CO table, Misc., from Madden Steel Inc. Spare Equipment & Misc. pumps, camp water $100,000 5

6 Misc Contingency and working capital Total pipe, camp generator, parts, tools, etc $223,000 $4,500,000 US 6