Fjordland Exploration Inc. has acquired a 100% interest in the Witch copper-gold porphyry project (also referred to as the South Chuchi project) located in the Quesnel Trough of central British Columbia, 35 km due west of Centerra's Mount Milligan mine. The Witch project is 10,336 hectares in size (103 square kilometres) and accessible via a network of forestry roads. Fjordland acquired the core claims, representing one-third of the property from Equity Exploration Consultants Ltd. ("Equity") for 100,000 Fjordland common shares, subject to regulatory approval.

The Equity claims were subject to a Net Smelter Royalty ("NSR") that Fjordland renegotiated with the royalty holders. Fjordland and the royalty holders have agreed to a 1% NSR on the Equity claims subject to a onetime reduction of either 0.5% upon the payment of $4 million or 0.25% upon the payment of $1.5 million. The Equity claims are in good standing until December 31, 2025 resulting from Fjordland applying unused assessment credits.

The remaining 6,952 hectares were staked to the east and west of the Equity claims to cover the known mineral potential within the area. The property covers prospective, multi-phase, porphyritic, felsic to intermediate apophyses of the Hogem Batholith, representing a large alkalic porphyry system. The eastern portion of property has had extensive grid soil sampling and IP plus minor diamond drilling by a Rio Algom-Westmin joint venture in the early to mid-1990's. In 2011 in the north-central portion of the property, Logan Resources conducted geochemistry, geology and IP surveys.

This exploration has outlined km-scale areas of anomalous Cu-Ag-Au-As-Mo in soils, magnetic intrusions with alkalic-style alteration and chargeability anomalies (>20 mV/V). To date, a total of 27 shallow, widely scattered diamond drill holes have tested a number of highly divergent targets on the project. Results have included anomalous copper values over 10's of metres in several areas indicating the projects potential.

On a regional perspective the area is well endowed with the Mount Milligan Mine to the east and Northwest Copper's Kwanika/Stardust deposits to the north-west. This area is re-emerging in BC as a Cu-Au porphyry exploration district. The Witch project is a large property with compelling, untested, coincident IP and Cu-Au geochemical anomalies that are well situated with respect to prospective alkalic intrusions.

To date extensive thin drift cover combined with the smaller footprint of alkali porphyry systems has largely frustrated the search for additional discoveries.