A Follow Up On American Creek

July 1, 2020

The Miles Franklin Newsletter

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From The Desk Of David Schectman

A Follow up On American Creek

David's Commentary (In Blue)

I do not give investment advice and rarely mention mining stocks but I was excited about AMKs potential and last week I suggested that you check it out. Last week when I posted my article on AMK it was $0.11 a share. Yesterday AMK closed at $0.23 a share. The stock more than doubled in one week.

Since the article was posted in my last newsletter, I have received several inquiries asking if I had any further news on AMK. Here is a follow up on my June 23 commentary.

Last week on June 23 I introduced you to one of the two stocks I hold in the gold sector: American Creek Resources TSX-V: AMK / OTCBB: ACKRF. I mentioned that Andy and I each have owned this stock for several years and we have a meaningful position in AMK. I said I liked it because it has the potential to be a world-scale mine with excellent logistics in a politically safe mining jurisdiction. I also said I thought it was going to end up being multiples of what is was at the time. It looks like my prediction is off to a good start because since I made that statement it has already doubled in value! In fact, AMK was the leading volume trader on the entire TSX-V yesterday.

I’m looking for multiples so it still has a ways to go before it hits my target, at which point I’ll sell it and use the proceeds to buy more gold (essentially buying it for free with the money I’ve made) to lock in my profits. If you want to look into it just follow this link and you’ll see why I own this stock: https://americancreek.com/index.php/landing-page2 “

On June 28, I received an Email from Kelvin Burton, AMKs CEO.

David & Andy,

We’ve been increasing steadily all month but I wasn’t expecting a 43% increase on Friday. We went from 17.5 cents to 25 cents (Canadian). We had the largest trading volume on the Venture exchange for Friday. In total I think we traded over 13 million shares.

There were a number of contributing factors above the overlying reality that AMK stock was grossly undervalued compared to its JV partners on Treaty Creek.

We had Sprott talking about Tudor and Treaty again, we had John Newell posting his chart analysis and predictions for 30 and 60 cent AMK stock, we started an ad campaign, and without a doubt the recommendation that you gave us on Tuesday was a factor as well. It was kind of the perfect storm. Now we are in the market cap rage that we should be relative to our JV partners and I believe the three companies collectively have a lot of room to grow as drill results start coming out and more people become exposed to this play.

If you recall, Water Storm’s (Tudor President) last deal in mining was the purchase of the Malartic Mine (for Osisko) for around a half million dollars and then sold it for $3.8B USD ($4.5B CDN). As the principle backer of the project he did quite well. He certainly has his eyes on the prize this time around as well.

I appreciate you including us in last week’s newsletter. You look like an oracle or a hero given the increase in stock price this week. If you want to include the JS Research article (Germany) on the Treaty and Tudor in a future newsletter we are fine with that although it would be a good idea to make sure everyone knows we have a fully carried 20% so when people see price predictions for Tudor, they can do their own price predictions for AMK.

Later today you should get an email from me (blasted to all our database) showing the predictions made by expert charting analyst John Newell of AMK reaching 3 targets: 17 cents, 30 cents, and 60 cents. The email will point out that AMK has met his first target of 17 cents (projection was made when we were at 11.5 cents) and is well on its way to the second target of 30 cents. Eventually he thinks it will hit 60 cents . The JS Research predictions works out to a much higher valuation if you do the math but I still think there is merit to Johns charting predictions.

(Anyone wanting to know more information about Treaty Creek or American Creek should click here: https://americancreek.com/index.php/landing-page2 )

Regards,

Kelvin Burton

kburton@americancreek.com

92, 2 Ave West, Box 70

Cardston, Alberta, Canada T0K 0K0

Tel: (403) 752-4040

www.americancreek.com

If you missed the AMK article last week, or want a refresher, I have reprinted it for you below.

You may have seen the press release put out today that the third drill has been added to the program. I expect a fourth drill to be not too far behind. Given Eric Sprott’s additional $9.2 million investment going towards Tudor in a couple of weeks I think there will be more than 4 drills going at some point on Treaty.

I was also very pleased to hear that Tudor will be drilling an area ½ way between Goldstorm and Seabridge’s Iron Cap. They are calling it “The Perfect Structural Storm”. It’s not just a good name, but it really is the perfect structural storm. Here are some of the characteristics of it:

· The string of deposits within the Sulphurets Hydrothermal System are have a “rhythm” or “sequence” to them. They are all about 2.5km apart from each other, starting in the south with the Kerr, Sulphurets, Mitchell, Iron Cap, and then 5km north is the Goldstorm. Half way between the Iron Cap and the Goldstorm is where The Perfect Structural Storm is located (2.5km from the Iron Cap to the south and Goldstorm on the north). It’s located just SE of where the word “RED” is on the map below.

· It’s located along the Sulphurets Fault – which is responsible for every other deposit in this system

· It’s located along the Kyba line of discovery – which is where most all major deposits in the Golden Triangle are located

· It has a huge Magnetotelluric (MT) anomaly and a huge magnetic anomaly which indicate mineralization

· It has all the geological and geophysical indicators of being another mega deposit.

I think Tudors goal this year is not to do any kind of resource calc on it, but to drill it deep

with a few holes just to see what potential it has.

It’s also worth noting that Seabridge’s KSM deposits constitute the largest undeveloped

gold deposit in the world (by reserves). Pretty amazing!

Here are the geophysics showing a side shot (looking west) of the Sulphurets Hydrothermal

System (taken from our website):

Please note that the squares on the left (Seabridge) are 2km x 2km while the squares on

the right are 1km x 1km. The images are to scale.

In the image above there is a red dotted line indicating where Seabridge wants to put twin tunnels.

In the image below the area marked “B” is location of the Goldstorm zone which (if you follow the yellow dotted line going through circle B) extends to the right (north) for quite some distance that hasn’t been drilled yet. The area marked “A” is what Tudor is referring to as “The Perfect Structural Storm.” The yellow area in the image above is where the MT survey shows potential for mineralization and the red overlapping it in the image below is showing the magnetic anomaly. Both geophysical surveys indicate something that could be far larger than the Goldstorm which is amazing as Eric Sprott recently said (after talking to Ken Konkin – the head geologist) that he’s hoping to find 10’s of millions of ounces on the Goldstorm alone! This is all in British Columbia and only 20km from the highway which has high power transmission lines and is only 90 minutes from a bulk tonnage shipping port.

One other point is that Eric Sprott is doing a placement with Tudor (operator and JV partner) and Teuton (JV partner) and therefore has been discussing them on his weekly roundups for the last month. This has caused both their stocks to soar. Sprott has invested in American Creek twice previously but because AMK hasn’t been mentioned the last few weeks it has lagged behind creating a perfect buying opportunity for those wanting to get into the play. Tudor owns 3/5 of Treaty and American Creek and Tudor each own 1/5 creating at 3:1 ratio between Tudor and American Creek. However, American Creek’s market cap is currently roughly 20% of Tudors market cap opposed to 33% of it, so there is a great opportunity given it will rebound as it always has . In addition to that American Creek has a fully carried interest meaning that Tudor pays all exploration costs until a production notice is given. Therefore, American Creek gets a “free ride” through the development process! Teutons market cap is closer to what it should be in relation to TUD. The very obvious value play here is AMK as it will catch back up and be paid 1/3 of what TUD is paid when the whole thing is sold.

Once again, people should click here for more information: https://americancreek.com/index.php/landing-page2 )

If you have any questions please let me know how I can help,

Regards,

Kelvin Burton

kburton@americancreek.com

92, 2 Ave West, Box 70

Cardston, Alberta, Canada T0K 0K0

Tel: (403) 752-4040

www.americancreek.com

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