Hole ID

Easting

Northing

RL

Azimuth

Dip

From (m)

To (m )

Interval (m)

Au g/t

Structure

QR-01/2014

329729

8989375

245

90

-55

66.0

70.0

4.0

3.21

Main

inc.

329729

8989375

245

90

-55

66.0

67.0

1.0

9.65

329729

8989375

245

90

-55

113.0

114.0

1.0

5.30

Footwall

QR-02/2014

329649

8989475

245

90

-55

105.5

108.0

0.5

4.04

Main

QR-03/2014

329649

8989524

245

90

-55

73.0

76.0

3.0

26.35

Main

inc.

329649

8989524

245

90

-55

73.0

73.5

0.5

150.57

QR-04/2014

329619

8989633

249

25

-67

NSI*

QR-06/2014

329570

8989626

246

25

-55

NSI*

QR-07/2014

329474

8989670

237

25

-55

52.0

54.0

2.0

12.11

Upper

inc.

329474

8989670

237

25

-55

52.0

53.0

1.0

18.02

Criteria

JORC Code Explanation

Commentary

Sampling

Techniques

• Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as downhole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.

• Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

• Aspects of the determination of mineralisation that are Material to the

Public Report.

• In cases where 'industry standard' work has been done this would be relatively simple (e.g. 'reverse circulation drilling was used to obtain

1 m samples from which 3 kg was pulverised to produce a 30 g charge

for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.

• Reverse circulation drill sample; samples were collected at one metre intervals and locally, in the proximity of the main target zone, at 0.5m intervals. In zones of little apparent interest, samples were composited in 4m intervals for submission to the laboratory and duplicates of

the individual 1m samples retained for future analysis, if required . The sample material passed through a 3 stage Jones riffle splitter. A 3-4 kilogram sample was collected into a high density plastic bag before being sent for analysis, FAA (50 g charge) for gold only and ICP-MS (15 grams charge). All efforts were made to ensure that little to no sample contamination occurred and that all samples could be deemed representative of the interval that they originated from. Samples were kept relatively dry through the use of a booster compressor to maintain a high level of air pressure.

Drilling techniques

• Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc.).

• Reverse Circulation drilling; a face sampling hammer bit was used to penetrate and collect the sample material. Hole conditions were mostly dry, with sufficient air pressure available to keep water from entering the hole. Hole inclinations ranged from -55 to -67 degrees. Drilling was carried out by Geologica Sondagens, a subsidiary of Swick Drilling.

Drill sample

recovery

• Method of recording and assessing core and chip sample recoveries and results assessed.

• Measures taken to maximise sample recovery and ensure representative nature of the samples.

• Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

• Reverse circulation drill sample recovery; no sample recovery studies were conducted on the reverse circulation samples.

• Gold mineralisation was not related to zones of low recovery, sample bias due to poor sample recovery is therefore not believed to be an issue.

Logging

• Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

• Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography.

• The total length and percentage of the relevant intersections logged.

• Reverse circulation drilling; All reverse circulation samples were logged at the rig by a geologist, sample specimens for each interval were kept and stored in chip trays with high resolution photographs of each chip tray taken. All drill hole and sample information were entered into

the Fusion database.

Sub-sampling

techniques and sample preparation

• If core, whether cut or sawn and whether quarter, half or all core taken.

If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry.

• For all sample types, the nature, quality and appropriateness of the sample preparation technique.

• Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

• Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second- half sampling.

• Whether sample sizes are appropriate to the grain size of the material being sampled.

• Reverse circulation sample; Reverse circulation samples were collected using a 3 stage Jones riffle splitter, a high density plastic bag was placed directly over the sample chute on the rifle splitter. The sample size was 3-4 kilograms and the size of the chips was predominantly 0.4-0.8 centimetres with a few chips greater than this. The comportment of Gold is fine and evenly distributed normally associated with fine disseminated sulphides.

• Sample preparation was undertaken by SGS-Geosol laboratories in Vaspisiano, MG, Brazil (Belo Horizonte metropolitan area) using industry standard methods (Crush - Split - Pulverise) and is considered appropriate for the style of mineralisation intersected in the drill holes. The sample preparation method used by SGS-Geosol laboratories is presented in the following section.

• Standard, blank and duplicates were inserted into the sample stream at the rate of 1:20, 1:20 and 1:40 samples respectively.

Quality of assay

data and laboratory tests

• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

• For geophysical tools, spectrometers, handheld XRF instruments, etc., the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

• SGS-Geosol analytical laboratories in Vaspasiano were used, for all analyses.

• The analytical procedure and specifications used by SGS-Geosol laboratories are as follows,

o Sample Preparation) : Samples are jaw crushed to 70% passing 10 mesh (2 mm), a 250 g riffle split sample is then pulverized to 95% passing 200 mesh (75 μm) in a mild-steel ring-and-puck mill. 50g aliquots are weighed into fire assay crucibles.

o Fire Assay The sample aliquot (30 gram) is custom blended with fire assay fluxes, PbO litharge and a Ag inquart. Firing the charge to 1050°C (to liberate Au, Ag) to produce molten Pb-metal phase. After cooling the Pb button is recovered placed in a cupel and fired at 950°C to produce Ag & Au dore bead. The bead is weighed and parted (i.e. leached in 1 mL of hot HNO3) to dissolve Ag leaving an Au sponge. Adding 10 mL of HCl

dissolves the Au and read by AAS instrument to determine Au concentration. N.B Any assay returning a value greater than 10 g/t Au was automatically re-submitted and re- assayed by Fire Assay with a Gravimetric finish to determine its correct value.

Location of data

points

• Accuracy and quality of surveys used to locate drill holes (collar and downhole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

• Specification of the grid system used.

• Quality and adequacy of topographic control.

• Reverse circulation drill holes; All reverse circulation drill hole locations were measured by an in-house surveyor using a DGPS (sub-meter accuracy). The collar orientation and hole dip was measured by the responsible geologist on site. No down-hole surveys were conducted.

• The grid system used for all data types, was in a UTM projection, Zone 21 Southern

Hemisphere and datum South American 1969. No local grids are used.

Data spacing and

distribution

• Data spacing for reporting of Exploration Results.

• Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

• Whether sample compositing has been applied.

• The drilling carried out is on an approximate 50m x 50m grid, both horizontally and vertically (in the plane of the mineralised structure, which is sub-vertical).It is anticipated that this density of information will be sufficient for conducting a mineral resource estimate to the standards required by the JORC 2012 mineral resource code.

• 4 metre sample compositing was carried out in portions of the drill holes greater than 10m from the interpreted mineralised structures. No composite results are included in this release.

Orientation of data

in relation to geological structure

• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

• If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

• Mineralised structures were targeted and planned to be intersected so that minimal sample bias would occur. All structures were planned to be intersected as perpendicular as possible and to pass through the entire structure. Mineralised structures had relatively sharp contacts and all material was sampled together i.e. the structure and the hangingwall / footwall.

• Where ever possible all reverse circulation drill holes were oriented to intersect the intended structure perpendicular to the strike and approximately 40 degrees to the dip of the mineralised zone. The mineralised structures are visible from within the artisanal miners workings which allowed drill holes to be oriented to minimise introducing a sample bias. None of the reported significant intersections are a result of intended sample bias.

Sample security

• The measures taken to ensure sample security.

• No sample security issues were raised or noted by the company during the transportation of the samples from the project site to the preparatory laboratory. All samples were sealed with double cable ties in strong high density plastic bags, two sample ID tags were placed in different location inside the sample bags, all sample bags were clearly marked on the outside with permanent marker pen. All sample bags were checked off the dispatch list before being

placed into a heavy duty and highly durable sack for transportation to the laboratory. A packing

list (confirming the number of sacks for transport) was received from the freight company transporting the sample bags to their destination. Upon receipt at the laboratory, samples were checked in and the list of received samples immediately sent back to the company´s database administrator as a security check that all samples were received and all were fully intact and not opened.

Audits or reviews

• The results of any audits or reviews of sampling techniques and data

• No external audits of the reverse circulation sampling techniques were commissioned by the

company, the results of the QA/QC analysis indicate that the sample methodology and sample

control employed by the company ensured little to no sample bias occurred and assay results

can be deemed accurate and precise. An audit of the sampling procedures will be conducted in

the future prior to conducting mineral resource estimation

Criteria

JORC Code Explanation

Commentary

Mineral tenement and

land tenure status

• Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

• The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

• Results are from two exploration tenements, 866.633/2006 and 866.080/2009, 100% owned by a wholly owned subsidiary of Crusader, Lago Dourado Mineração Ltda. There is an existing

1% net smelter return payable to a previous owner. There are two garimpo mining licences

within the tenement package, allowing the garimpeiros to legally work under certain restrictions. The Querosene tenement is not subject to any native title interests, no known historical sites, wilderness or national park, but is located within the border zone around a national park. Within this border zone further conditions may be required to gain an operating licence. Cattle grazing and legal timber felling are the two primary industries and land uses for the area.

• The tenement is in good standing and there are no material impediments to operating in the area.

Exploration done by

other parties

• Acknowledgment and appraisal of exploration by other parties.

• Garimpeiros first discovered the mineralised areas around Juruena in the 1970's. Garimpeiros have been active in the region since, recovering gold from alluvial, colluvial and some oxidised rock. The area has been explored on and off from the mid 1990's through to the present, with the majority of drilling taking place over the last three to four years. Madison Minerals Ltd first explored and carried out some drilling evaluation of the Juruena core area in 1995/1996. The drill information of Madison would not be useable in a JORC compliant mineral resource estimate, however Crusader considers the information relevant from a exploration perspective and will use these results to guide future exploration work. Lago Dourado Minerals drill tested several anomalies and zones from 2010 to 2013. All work undertaken by Lago Dourado Minerals was performed to a JORC compliant standard and the data generated is considered sufficient to be used for a JORC compliant mineral resource estimate, should further results confirm continuity, grade and geological interpretation in the future.

Geology

• Deposit type, geological setting and style of mineralisation.

• The Juruena mineralisation is considered to have resulted from magmatic activity (intrusions and fluids) which could be sourced from a Gold Porphyry system or Intrusive Related Gold system, whilst still containing characteristics commonly associated within epithermal systems. The mineralisation is hosted by Paleoproterozoic volcanic and granitoid rocks of varying composition. The host rocks are found within the Juruena-Rodonia block of the Amazon Craton.

Drill hole Information

• A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

o easting and northing of the drill hole collar

o elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar

o dip and azimuth of the hole

o downhole length and interception depth

o hole length.

• If the exclusion of this information is justified on the basis that the

information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

• See attached Table 1

Data aggregation

methods

• In reporting Exploration Results, weighting averaging techniques, maximum and / or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated.

• Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

• The assumptions used for any reporting of metal equivalent values should be clearly stated.

• Significant intercepts were calculated using a 1ppm lower cut-off, no upper cut, and up to 2 m of consecutive dilution.

• No metal equivalent values considered.

Relationship between

Mineralisation widths and intercept lengths

• These relationships are particularly important in the reporting of Exploration

Results.

• If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

• If it is not known and only the downhole lengths are reported, there should be a clear statement to this effect (e.g. 'downhole length, true width not known').

• As far as practically possible and with the geological interpretation available, the drill targets were tested with the aim of intersecting the interpreted mineralised structure as perpendicular as possible to the strike. All positive holes to date intersected the mineralisation at approximately 40 degrees to the dip, which will cause an overstatement of the actual intercept width.

• Results are reported as downhole widths, in most cases, true width is approximately 75% of down-hole length.

Mr. Rob Smakman

Mr. Paul Stephen

Mr. Ian Howarth

Managing Director, Brazil

Executive Director, Australia

Media Relations, Australia

Office (Brazil): +55 31 2515 0740

Office (Aus): +61 8 9320 7500

Collins Street Media

Email: [email protected]

Email: [email protected]

E: [email protected]