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Alvie

08/10/17 9:37 PM

#1285 RE: n3m3sis #1284

Loss per share 0.01 vs loss of 0.04 expected (with estimates ranging from -0.02 to -0.08)

June recovery 0.12 oz/ton (~3.5 gm/t)

July recovery 0.20 oz/ton (~6 gm/t)

Valley of the Kings Mineral Reserve Estimate Update
On December 15, 2016, we announced an updated Mineral Reserve estimate for Brucejack’s Valley of the Kings deposit, with Proven and Probable Mineral Reserves in the Valley of the Kings increased to 8.1 million ounces gold (15.6 million tonnes grading 16.1 grams per tonne). The Proven Mineral Reserves in the Valley of the Kings increased to 1.6 million ounces gold (3.3 million tonnes grading 14.5 grams per tonne gold) which is sufficient for the first three years of mine life.