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Cautionary Statement on Forward-Looking Information

This website contains “forward-looking statements” and “forward-looking information” (collectively, “forward-looking information”) within the meaning of applicable securities legislation. Forward-looking information is not, and cannot be, a guarantee of future results or events.

Forward-looking information is based on, among other matters, opinions, assumptions, estimates and analyses that, while considered reasonable at the date the forward-looking information is provided, inherently are subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information may include, but are not limited to, risks generally associated with the mining industry, such as economic factors (including future commodity prices, currency fluctuations, energy prices and general cost escalation).

Should one or more risk, uncertainty, contingency or other factor materialize or should any factor or assumption prove incorrect, actual results could vary materially from those expressed or implied in the forward-looking information. Accordingly, undue reliance should not be placed on forward-looking information. Waterton Global Resource Management, Inc. (collectively with its associated and affiliated entities and representatives, including Gemfield Resources, LLC, “Waterton”) does not assume any obligation to update or revise any forward-looking information after the date of this website or to explain any material difference between subsequent actual events and any forward-looking information, except as required by applicable law.

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Presentation of Technical Information

The Mineral Resource Estimates used were estimated by CSA Global Consultants Canada Ltd. (“CSA Global”), an international independent mining industry consultancy.

Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability but are required to have reasonable prospects for eventual economic extraction.

Metal price assumption was $1,300/oz Au for the three deposits.

The effective date of the Gemfield Mineral Resource Estimate is March 1, 2019 and includes all drill results to January 2019. Oxide-only material at a 0.2 g/t au cut-off. Pit shell parameters include $1.50/tonnes for mining costs, $5.00/tonne for processing, $1.50/tonne for G&A, pit slope angles of 45°, and processing Au recoveries of 83% for oxide.

The effective date of the McMahon Ridge Mineral Resource Estimate is March 1, 2019 and includes all drill results to December 2018. Oxide material at a 0.25 g/t Au cut-off, transition at a 0.30 g/t Au cut-off and reduced at a 0.25 g/t Au cut-off. Pit shell parameters include $1.50/tonnes for mining costs, $5.00/tonne for processing, $1.50/tonne for G&A, pit slope angles of 45°, and processing Au recoveries of 77% for oxide, 62% for transition and 52% for reduced.

The effective date of the Goldfield Main Mineral Resource Estimate is February 8, 2019 and includes all drill results to December 2018. Oxide material reported at a 0.2 g/t Au cut-off and reduced at a 0.3 g/t Au cut-off. Pit shell parameters include $1.50/tonnes for mining costs, $5.00/tonne for processing, $1.50/tonne for G&A, pit slope angles of 45°, and processing Au recoveries of 92% for oxide and 63% for reduced.