Gold Price$US 1239.57
TSX.V: ORG$0.425

Revised PEA

Block 14 Feasibility Study

Feasibility Study Summary at a Gold Price of US $1,200/oz*

Probable Reserves 79.94Mt @ 1.11g/t for 2.85 Moz
Average Annual production:
First 7 Years 5.8Mtpa @ 1.49g/t averaging 228,000oz Au/year
Life of Mine (“LOM”) 167,000oz Au/year
Mine Life 13.6 years
Production Costs: Yrs 1 - 7 LOM
Cash Costs $689/oz $707/oz
All-in Sustaining Costs (“AISC”) $789/oz $783/oz
After-Tax Net Present Value (“NPV”)
Discount rate: 5%; Gold Price: $1,250/oz
$403 million
After-Tax Internal Rate of Return (“IRR”) 24.2%
Payback Period 3.9 years
Pre-Production Capital $328 million
Sustaining Capital $181 million
FINAL PERMITTING In Progress

Note: All amounts stated are in US Dollars; Economic parameters are shown on a 100% basis. See Company news release dated November 7, 2018

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