Resource Estimates

REVISED NI 43-101 TECHNICAL REPORT AND PRELIMINARY ECONOMIC ASSESSMENT FOR THE TOROPARU GOLD PROJECT, UPPER PURUNI RIVER REGION OF WESTERN GUYANA - FEBRUARY 4, 2022

Resource Estimates (TAB)

  Tonnes (000s) Au (g/t) Au (kozs) Cu (%) Cu (Mlbs) Ag (g/t) Ag (kozs)
Open Pit
Measured & Indicated 179,264 1.36 7,857 0.097 385.2 1.03 5,924
Inferred 5,393 1.50 260 0.061 7.3 0.63 109
Underground
Measured & Indicated 5,705 3.16 580 0.088 11.1 0.42 77
Inferred 8,403 3.53 953 0.091 16.9 0.25 68
Total
Measured & Indicated 184,969 1.42 8,437 0.097 396.3 1.01 6,001
Inferred 13,796 2.74 1,213 0.080 24.2 0.40 177

Total Measured & Indicated Gold Resources have increased by 15% since the previous MRE prepared by Gold X in 2018.

The Toroparu Deposit remains open both along strike and at depth with the additional mineralization potential below the 450 m level amenable to underground mining methods.