FIORE GOLD, GOLDEN EAGLE PROJECT

2 million ounce M&I resource adjacent to concessions held by Hecla Mining and infrastructure held by Kinross Gold

The 100%-owned Golden Eagle project, located in Ferry County, Washington approximately 4.8 km (3.0 miles) north-northwest of the town of Republic. The Republic/Eureka Mining District has produced nearly 4 million ounces of gold at an average grade of 19.89 grams per tonne (“g/t”) gold (0.58 troy ounces per ton (“opt”)) over the last 130 years, principally from high grade underground narrow vein deposits. The last operating gold mine in the district was Kinross’ Buckhorn/Kettle River operation which closed in 2017. The 1,800 tonne-per-day Kettle River mill is located approximately 16 km (10 miles) by road east of Golden Eagle.

A 2 million ounce M&I resource was published in May 2020, with an additional 0.2 million inferred ounces. The updated Golden Eagle mineral resource estimate is based solely on the available historical data and is intended to provide a baseline from which to continue developing the project.

Combining Golden Eagle with other known deposits and infrastructure in the immediate vicinity, including the immediately adjacent properties held by Hecla Mining, could unlock significant value for all parties and could create the basis for a joint-venture or spin-out company that would have few US peers.

• The effective date of the Mineral Resource is Mar 31, 2020

• The Qualified Person for this estimate it Terre Lane of GRE

• Mineral Resources are inclusive of Mineral Reserves: Mineral Resources are not Mineral Reserves and do not have demonstrated economics viability.

• Numbers in the table have been rounded to reflect accuracy of the estimate and may not sum due to rounding.

• The Mineral Resource is based on gold cutoff grade of 0.014 try ounces per short ton (0.48 grams per tonne) at an assumed gold price of $1,500/tr oz, assumed mining cost of $1.06/short ton waste, assumed mining costs of $2.02/short ton mineralized mineral, assumed processing case of $12.75/short mineralized material, assumed G&A cost of $0.74/short ton mineralized material, an assumed metallurgical recovery of 80% and pit slopes of 45 degrees.

• The pit layback is not constrained to Fiore controlled land. Additional land must be acquired or otherwise made available for the pit layback, waste rock dumps, tailings facilities, and other surface infrastructure.