An unknown buyer acquired 60% interest in Viking Yellowknife property from Viking Gold Exploration Inc. during the year ended December 2016. The consideration consists of CAD 0.07 million in cash and a conditional 0.25 million shares of the unknown buyer if the Viking Yellowknife property is ever taken public. Viking Gold Exploration Inc. retains a 0.6% net smelter royalty, which the unknown buyer can buy back for CAD 1 million. An unknown buyer completed the acquisition of 60% interest in Viking Yellowknife property from Viking Gold Exploration Inc during the year ended December 2016.