Gold Price$US 1290.87
TSX.V: ORG$0.600

Reserves / Resources

Project Mineral Resource Estimates were updated in February 2017 (News Release February 2, 2017) by independent consultant MPR Geological Consultants of Perth, Western Australia using Multiple Indicator Kriging (MIK), and are shown below at a range of cut-off grades:


Deposit
Cut off Indicated Inferred
Au g/t Mt Au g/t Au koz Mt Au g/t Au koz
Galat Sufar South 0.60 54.1 1.29 2,246 18.3 1.2 716
0.80 39.0 1.52 1,909 12.6 1.5 591
1.00 28.6 1.75 1,609 9.0 1.7 485
1.20 21.1 1.99 1,347 6.4 1.9 395
Wadi Doum 0.60 3.2 2.04 213 2.1 1.3 84
0.80 2.5 2.44 196 1.2 1.7 64
1.00 2.0 2.79 183 0.7 2.2 52
1.20 1.7 3.10 172 0.5 2.6 44
Block 14 0.60 57.3 1.33 2,459 20.3 1.2 800
0.80 41.5 1.58 2,105 13.8 1.5 654
1.00 30.6 1.82 1,792 9.7 1.7 536
1.20 22.8 2.07 1,518 6.9 2.0 439

Notes: Defined under Canadian National Instrument 43-101 ("NI 43-101"), Standards of Disclosure for Mineral Projects. Numbers may not add up due to rounding.

The Mineral Resource has been estimated using the results of 79,815 metres of drilling (6,136m of diamond drilling and 74,505m of reverse circulation drilling) completed between November 2012 and December 2016.

No Mineral Reserves are declared for the project. In compliance with NI 43-101, the Revised PEA study is based on Indicated and Inferred Mineral Resources**. Pt optimizations were carried out using a gold price of US$1,100/oz on indicated and inferred resources. A series of optimized shells generated for each area and preliminary pit design undertaken based on a feed rates of 2.6, 3.0 and 3.4 Mtpa to determine optimal throughput rate. 3.4 Mtpa showed the highest NPV and was selected for pit design. Cut off grades (Au g/t) were estimated as follows:

Material Main Zone East Zone NE Zone Wadi Doum
Oxide 0.50 0.55 0.50 0.80
Transitional 0.65 0.65 0.65 0.90
Fresh 0.65 0.65 0.65 0.90

The table below shows the breakdown of material by resource type within the pit designs:

Deposit

Indicated Resources Inferred Resources % Indicated
Mt Au g/t Koz Mt Au g/t Koz

Galat Sufar South

38.7 1.40 1,740 3.0 1.5 141 93%

Wadi Doum

2.3 2.59 188 0.5 2.2 32 83%

Total

41.0 1.46 1,928 3.1 1.6 173 92%

Note: Numbers may not add up due to rounding

**Mineral resources that are not mineral reserves do not have demonstrated economic viability.

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