Softrock Minerals Ltd.

Geological Reports

Softrock Oil Reserves

7000 barrels as evaluated by Chapman Petroleum Engineering Ltd (C.J. Chapman) as of December 31, 2017.
Read the detailed reserve report online at www.sedar.com - search for Softrock Minerals and then under Oil and Gas Annual Disclosure.

Estimated future oil income $662,000

Alberta Properties

Spirit River
A 2.5% GORR with no deductions in one Charlie Lake oilwell on a Crown Lease held by production covering all Section 11, township 78, range 07, W6. There appears to be room to complete at least three more wells on the lease.

Grand Forks
A 3% GORR (gross overriding royalty) is held in 2 producing and one shut-in Grand Forks oil wells in the southeast quarter of section 09, township 12, range 13 west of fourth meridian.

Minhik
The company has a twenty per cent working interest, subject to its proportionate share of a 13% GORR in a one section (640 ac) Crown Lease on all rights from surface to base of Cretaceous on which it is completing an Ostracod B sand light oilwell. Most of the other upper zones in the Cretaceous appear to be gas laden, with the possibility of oil in a couple of thin sands which will be tested sometime in the future.
In addition the company has the same interest in the same section (section 35, township 44, range 04, west of fifth meridian) in a shut-in Edmonton (Horseshoe Canyon) gas well about one mile away from other producers.

Ferrier
A 47.5% working interest in one quarter section with a suspended Cardium oil and gas well in the Ferrier oil field in western Alberta.

Lithiumn, Potash and Diamonds
The company is in the first year of six widely separated Alberta Metallic and Industrial Permits totalling 119,410 acres (48,344 hectares). The Permits are for 13 years with work commitments every two years.
Location of the Permits are shown on the website map put out by the Alberta Department of Energy for Metallic and Industrial Permits PDF and interactive format at http://www.energy.alberta.ca/OurBusiness/1072.asp#Metallic_and_Industrial_Minerals

Saskatchewan Properties

Manitou Lake
The company has plugged and officially abandoned one Sparky oilwell in which they had a 15% interest and now have a 30% interest in one suspended Sparky oilwell.

Manitoba Properties

Shatford Lake
Two claims 100% interest on pegmatite outcrop in Bird River Greenstone Belt just 5 km southwest of the Tanco Mine (produces lithium, tantalite and Cesium). Original surveys analysed for rare minerals but not Lithium.

Ontario Properties

Dagny Lake
135 claims (cells) totalling 2763 ha (6827 ac) in one solid block, 80 km northeast of Kenora, in the English River sub—province belt which hosts the Werner-Rex Lake cobalt deposit 200 km to the west.  The Ontario Geological Survey indicates no mines present and area highly prospective for cobalt, copper and nickel.

Income

Year
Gross Income

Operating Costs

Net Income
2017
$26,305 
$110,829
$(84,524)
2016
$35,864 
$66,434
$(30,570)
2015
$63,360 
$70,844
$(7,484)
2014
$26,672 
$78,523
$(51,851)
2013
$159,853 
$77,271
$82,582
2012
$29,001
$46,100
$(17,099)
2011
$32,609
$41,136
$(8,527)
2010
$28,847
$51,653
($22,806)
2009
$36,141
$90,727
($54,586)
2008
$67,887
$54,371
$13,516
2007
$42,153
$83,312
($39,159)
2006
$74,416
$83,159
($8,743)
2005
$46,684
$14,788
$31,896
2004
$40,555
$7,234
$33,321
2003
$29,528
$7,145
$22,383
2002
$40,661
$11,362
$29,299
2001
$61,184
$17,137
$44,047
2000
$101,424
$14,941
$86,483
1999
$45,504
$12,763
$32,741
1998
$63,931
$26,691
$37,240
1997
$92,742
$27,878
$64,864
1996
$84,422
$21,329
$63,093
1995
$97,498
$43,085
$54,413
1994
$121,940
$65,093
$56,847

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