An anonymous director of Theia reports

MAIDEN DRILL PROGRAM COMMENCES IN SEARCH OF HIGH GRADE GOLD AT 2 X FRED

Theia Resources Ltd. has initiated the first drill program to be conducted on the 2 X Fred property located in the mineral-rich Nechako plateau of central British Columbia, Canada.

The program will consist of approximately six to eight drill holes (600 metres of NQ core). The objective is to drill test the veins down dip in search of high grades typical of many epithermal vein systems.

Highlights:

• Newly discovered epithermal quartz vein system over a 2.5-kilometre-by-1.75-kilometre area;
• 563 rock samples taken from grab and channel samples in 2014 averaged 0.4 gram per tonne gold and 7.1 grams per tonne silver;
• The highest assay value from sampling reported 5.5 grams per tonne gold and 100 grams per tonne silver;
• Excellent potential for high-grade gold/silver deeper in the system.

Petrographic work and macroscopic textures indicate the 2 X Fred veins are exposed in the upper levels of a low-sulphidation epithermal vein system likely at temperatures less than 200 C and therefore above the interval where high-grade bonanza mineralization in a low-sulphidation vein system would be expected. Consistently, anomalous gold and silver of all veins exposed at such a high level in the system indicates excellent potential for high-grade mineralization deeper in the system.

Rock sampling, including trenching in 2014, consists of 563 rock samples taken from grab and channel samples that averaged 0.4 gram per tonne gold and 7.1 grams per tonne silver. This includes 244 channel and composite rock samples taken from 16 trenches that averaged 0.49 gram per tonne gold and 8.7 grams per tonne silver. The highest assay value from sampling reported 5.5 grams per tonne gold and 100 grams per tonne silver. The longest continuous exposure of vein material totalling 24 metres (near true width) averaged 0.53 gram per tonne gold and 6.9 grams per tonne silver, and the highest grade was 1.52 grams per tonne gold and 24.2 grams per tonne silver over 3.65 metres (see news release dated Jan. 27, 2015).

Two X Fred is a newly discovered epithermal gold/silver quartz vein system over a minimum 2.5-kilometre-by-1.75-kilometre area. Individual veins have been traced along strike in excess of 500 metres, with true widths ranging from less than one metre to over 40 metres. More than 12 veins have been found to date. Located in the mineral-rich Nechako plateau of British Columbia approximately 32 kilometres southwest of the city of Vanderhoof, the property consists of 10 land tenures covering 4,618.19 hectares.

Quality assurance/quality control

Samples will be sent for analysis by Bureau Veritas (Acme) Laboratories in Vancouver, B.C. A quality assurance/quality control program was initiated, which involved insertion of standards, blanks and duplicates into the sample stream. Drilling will be NQ-sized diamond drill core and has been contracted to Ridgeline Diamond Drilling of Smithers, B.C.

The foregoing geological disclosure has also been reviewed and verified by Kootenay Silver Inc.'s chief executive officer, James McDonald, PGeo, a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Terms of agreement

To fulfill the terms of the letter agreement, Theia must spend a total of $2.5-million on exploration over five years and issue up to 750,000 shares, with 200,000 shares due on regulatory approval of the letter agreement, 200,000 common shares of Theia on or before the first year and second anniversaries, and 150,000 common shares on or before the third anniversary of the execution date. Subsequent to exercise of the earn-in, Theia and Kootenay Silver will form a 60/40 joint venture. Financing of further work on the properties will be on a proportional basis under the direction of a management committee, with voting rights proportional to ownership percentage. Either party may be diluted on the basis of a standard formula if it does not contribute to the planned programs. If either party is diluted below 10 per cent, its interest will convert to a 1.5-per-cent net-smelter-return royalty.

We seek Safe Harbor.