Replies to post #274 on Primero Mining Corp. (fka PPPMF)

[wshaw14]

I would say from the following that they are in dialog with the Mexican government, and making progress, because they have not used the trigger yet. The following is from their presentation posted on 09/19/2016

Protecting Primero’s Rights Under NAFTA
•
On June 2, 2016, Primero issued a Notice of Intent to submit a claim to international arbitration against the Government of
Mexico under the North American Free Trade Agreement (“NAFTA”). Primero maintains it has the right to rely on its 2012
Advance Pricing Agreement (“APA”) with the Mexican tax authority (“SAT”) which confirmed the appropriate price for
sales of silver.
•
Retroactive reversal of a governmental commitment upon a change of administration such as the SAT seeks, violates
NAFTA’s requirement of fair and equitable treatment and the legitimate expectations of Primero as an investor in Mexico.
•
Primero has resorted to utilizing international arbitration proceedings to ensure that Mexico's commitments are upheld, but
remains open to engaging in constructive and fair dialogue.
•
The Notice of Intent triggered a 90
-day period to allow dialogue, before arbitration proceedings may be initiated. Primero is
currently evaluating the exact time to initiate arbitration.