Mr. Kelly Malcolm reports

BOREALIS ENGAGES ICP SECURITIES INC. FOR AUTOMATED MARKET MAKING SERVICES

Borealis Mining Company Ltd. has signed an agreement to engage the services of ICP Securities Inc. to provide automated market-making services, including the use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

Under terms of the agreement, ICP will receive a monthly fee of $7,500 for an initial term of four months, with there being no performance-based factors. No stock options or other forms of equity-based compensation will be granted in connection with the agreement. ICP and its clients may choose to acquire an interest in the securities of the company in the future.

ICP is an arm's-length party to the company. ICP's market-making activity will be primarily aimed at correcting temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market-making activities.

About Borealis Mining Company Ltd.

Borealis is a gold mining and exploration company focused on exploration and resumption of production of the Borealis mine in Nevada. The Borealis mine is a fully permitted mine site, equipped with active heap-leach pads, an ADR facility and all necessary infrastructure to support a heap-leach gold mining operation. In addition to the mine, the property, comprising 751 unpatented mining claims of approximately 20 acres each (totalling approximately 15,020 acres) and one unpatented mill site claim of about five acres located in western Nevada, is highly prospective for additional high-sulphidation gold mineralization.

We seek Safe Harbor.