About Us

¹ See report titled “Preliminary Economic Assessment on the Viken MMS Project, Sweden,” prepared for Continental Precious Minerals Inc., dated October 19, 2010 with an effective date of September 10, 2010 (the “2010 Viken Report”).

• The Company views the 2010 Viken Report as relevant and reliable.
• Weighting of composite samples by linear Ordinary Kriging was used for the estimation of block grades. Kriging parameters were based on the grade-element variography derived from the mineralized shale domain. A block discretization level of 5 x 5 x 2 was used during kriging. The mineralized shale domain was treated as a hard boundary, and data used during estimation were limited to composite samples located within the mineralized shale domain wireframe. Only blocks wholly or partially within the mineralized shale domain were estimated. The mineralized shale domain was treated as a hard boundary, and data used during estimation.
• During the first pass, four samples from each of three drill holes within 110m of the block centroid were required. All block grades estimated during the first pass were classified as Indicated.
• During the second pass, blocks not populated during the first pass were estimated. A minimum of three and a maximum of six samples from one or more drillholes within 330 m of the block centroid were required. All block grades estimated during the second pass were classified as Inferred.
• An internal break-even cut-off grade of US$7.50/tonne was used in reporting this historical estimate.
• The historical estimate categories are classified under the previous definition standards and do not match the current categories under NI 43-101.
• Other than the 2014 Viken Report, the Company is not aware of any more recent estimates or data available to the Company on the Viken deposit.
• The Company would need to conduct an exploration program, including twinning of historical drill holes in order to verify the Viken Deposit historical estimate as a current mineral resource.
• The mineral resource estimates is considered to be a “historical estimate” under NI 43-101 and a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and District is not treating the historical estimate as a current mineral resource.

² See report titled ”Updated Technical Report, Resource Estimate and Preliminary Economic Assessment on the Viken MMS Project, Sweden,” prepared for Continental Precious Minerals Inc., dated February 27, 2014 with an effective date of February 6, 2014 (the “2014 Viken Report”).

• The Company views the 2014 Viken Report as relevant and reliable.
• Block grades were estimated using Ordinary Kriging of capped composite samples. Only blocks wholly or partially within the mineralized shale domain were estimated, and between six and fifteen samples from two or more drill holes within 660 m of the block centroid were used for estimation. A small area in the Southern portion of the deposit with an average drillhole spacing of approximately 120 m has been classified as an indicated mineral resource.
• An internal break-even cut-off grade of US$11.00/tonne was used in reporting this historical estimate.
• The historical estimate categories are classified under the previous definition standards and do not match the current categories under NI 43-101.
• The Company is not aware of any more recent estimates or data available to the Company on the Viken deposit.
• The Company would need to conduct an exploration program, including twinning of historical drill holes in order to verify the Viken deposit historical estimate as a current mineral resource.
• The mineral resource estimates is considered to be a “historical estimate” under NI 43-101 and a qualified person has not done sufficient work to classify the historical estimate as a current mineral resource and District is not treating the historical estimate as a current mineral resource.

Corporate