Pasofino Gold Limited V.VEIN

A Message to Shareholders from the CEO

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Saturday, September 1, 2018

Dear Shareholders,

I’m reaching out to you today to provide a quick update on Enforcer Gold Corp. The past 12 months have been very tough on all of us, but I think we have a lot to look forward to in the near future.

Looking Back
About three weeks ago we released the news of returning the Montalembert project to Globex. I am of two minds on this; in one way the decision was easy to make because the next $500,000 payment to Globex was due in November and the agreement called for a 90-day notice of termination. On the other hand, it was a hard decision because we had invested so much time, energy and money into the project. I did try to negotiate more favourable terms for the option agreement but unfortunately, Globex wasn’t interested. 
One thing is certain, we gave the Montalembert project a very thorough investigation. In addition to the airborne and ground geophysics, we drilled over 60 holes, took hundreds of core, channel and grab samples, had experienced geologists and prospectors on the ground and hired top consultants. Although we had some spectacular assays come in, we didn’t get the results we had hoped for. The extreme nuggety gold distribution at Montalembert was a huge disappointment and the only logical course of action was to cut our losses, let it go and move on.
While we returned the main project area of about 7,300 hectares to Globex, we retained 100% interest in over 19,000 hectares of greenfield territory now renamed the Waswanipi gold project. The land position covers some very prospective geology that has seen limited exploration.    

Looking Forward
This brings me to the best news part of this communique, our core Roger project and specifically the Mop-II gold-copper deposit. As you probably know, we released the updated mineral resource estimate last Tuesday and the market reaction was both immediate and positive. We traded over 4 M shares that day and closed up at $0.06 – a 33% increase in our share price. With the tough market conditions, we’re currently experiencing, this is a very robust move. I’m happy to add that Officers and Directors bought over 13% of the 4 M shares that traded on Tuesday – so you know we firmly believe in this project.

Highlights:

• The open pit constrained gold resource estimate using a cut-off grade of 0.45 g/t gold equivalent (“AuEq”) contains:
  • 331,000 oz Au at 0.92 g/t in the Indicated category
  • 298,000 oz Au at 1.07 g/t in the Inferred category
• The open pit constrained gold equivalent resource estimate using a cut-off grade 0.45 g/t AuEq contains:
  • 377,000 oz AuEq in the Indicated category
  • 365,000 oz AuEq in the Inferred category

I really think we have a “Company maker” in Roger. The new resource highlights a robust deposit that is open to expansion and upgrading. We’re currently planning the Phase 2 drilling program and details will be released in the weeks ahead. 
There is an old expression in this industry – “mines are made and not found”. I think this adage is particularly appropriate to the Mop-II deposit, which has been kicked around for the past +30 years but mostly viewed as a narrow vein underground target rather than a bulk-tonnage and potentially open-pittable deposit. I’m setting a goal of increasing the resource to over 1,000,000 ounces of gold, and I think this is attainable within two years – fingers crossed.

While our focus will be on the Roger project, we are always on the lookout for new opportunities and it’s quite possible we will add one or more assets that would be accretive to the Company’s growth. Ideally, I’d like to create a gold resource inventory in the Chibougamau camp that would boost our chances of becoming a highly sought-after M&A target.

Please enjoy the weekend – be safe – and feel free to contact me any time.