Two of the six independent QPs that prepared the 2017 Preliminary Economic Assessment (“PEA”) have retired. As the result of the Company’s inability to provide amended reports, the Company states that there are no current mineral resource estimates on either the Tepal project. Tepal had previous mineral resource estimates completed that are discussed in the new technical report, the Company is not treating any of the previous mineral resources estimates as current resource estimates. In addition, and also as the result of the inability of the Company to provide an updated version of the 2017 Preliminary Economic Assessment on the Tepal project, the technical report filed in 2017 in support thereof is no longer considered current.

The two QPs who retired, and are no longer QPs, were responsible for the Tepal mineral resource estimate and the metallurgical sections rendering this work no longer current. This prompted the company to conduct a review of the previous work on the project, comprised of verifying the Tepal database, relogging of several holes as part of the verification process and proposing further metallurgical testwork to verify results noted in the 2017 PEA.

There is no current mineral resource estimate on the Tepal project. Micon International Limited has been retained to provide a new NI43-101 mineral resource estimate.

Technical Reports will be provided at a later date