Ann: Authier Environmental Studies and Permitting Update, page-5

5 JULY 2018

Highlights

COMPLETION OF AUTHIER ENVIRONMENTAL STUDIES AND PERMITTING UPDATE 
All major base-line environmental studies completed and no significant environmental issues identified  Technical studies determined that the Authier project is located downstream from the Esker and that no impact is anticipated on the groundwater quality in the Esker  Company has been following applicable laws related to the development of projects that process less than 2,000tpd of ore. This law has been in place since 2013. No attempts have been made to short cut the process  The law was amended in March 2018 to allow the Minister to recommend projects be subjected to a BAPE process in exceptional circumstances  Company undertaking best practice environmental management. Significant resources have been allocated to permitting and public consultation  The definitive feasibility study is currently being prepared and expected to be completed within the month  Authier will generate significant benefits to the community through job creation, investment and taxes