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Spanish Mountain
British Columbia, Canada

Resource

The PEA* had established an economic cut-off of 0.2 g/t gold based on assumptions of operating costs for a potential open pit operation. The following table presents the updated resource at a cut-off grade of 0.2 g/t gold.

Spanish Mountain updated resources (at a 0.20 g/t gold cut-off) from April 2014 Resource Update**

Classification Tonnes Gold grade
(g/t)
Silver grade
(g/t)
Gold
(ounces)
Silver
(ounces)
Measured 37,370,000 0.59 0.66 710,000 790,000
Indicated 200,460,000 0.43 0.69 2,790,000 4,450,000
Measured plus Indicated 237,830,000 0.46 0.69 3,500,000 5,280,000
Inferred 310,970,000 0.35 0.63 3,500,000 6,300,000



* See Cautionary Note Number 1
** See Cautionary Note Number 2