Common use of Technical Report Clause in Contracts

Technical Report. (i) The Material Property is the only material property of the Company for the purposes of NI 43-101. (ii) The Technical Report complied in all material respects with the requirements of NI 43-101 at the time of filing thereof and reasonably presented the quantity of mineral resources attributable to the Material Property evaluated therein as at the date stated therein based upon information available at the time the report was prepared. The Company does not have knowledge of any change to the facts and assumptions underlying the estimates in the Technical Report that would reasonably be expected to result in a material adverse change in any production, cost, price, resources or other relevant information in the Technical Report since the date of such report. (iii) The Company made available to the authors of the Technical Report, prior to the issuance thereof, for the purpose of preparing such report, all information requested by them, and none of such information contained any misrepresentation at the time such information was so provided. (iv) To the knowledge of the Company, all of the material assumptions underlying the mineral resource estimates in the Technical Report were on the date of such Technical Report reasonable and appropriate. (v) The disclosure of estimates of mineral resources in the Public Disclosure Record comply in all material respects with NI 43-101. (vi) The information set forth in the Public Disclosure Record relating to mineral resources required to be disclosed therein pursuant to NI 43-101 has been prepared by the Company and its consultants in accordance with methods generally applied in the mining industry and conforms in all material respects to the requirements of NI 43-101 and Securities Laws. (vii) The Company is in compliance in all material respects with the provisions of NI 43-101, has filed all technical reports required thereby, and there has been no change of which the Company is aware that would, to the knowledge of the Company, disaffirm or change any aspect of the Technical Report or that would require the filing of a new technical report under NI 43-101.

Technical Report. (i) The Material Property is the only material property of the Company for the purposes of NI 43-101. (ii) The Technical Report complied in all material respects with the requirements of NI 43-101 at the time of filing thereof and reasonably presented the quantity of mineral resources and mineral reserves attributable to the Material Property properties evaluated therein as at the date stated therein based upon information available at the time the report was prepared. The Company does not have knowledge of any change to the facts and assumptions underlying the estimates in the Technical Report that would reasonably be expected to result in a material adverse change in any production, cost, price, resources or other relevant information in the Technical Report since the date of such report. (iiiii) The Company made available to the authors of the Technical Report, prior to the issuance thereof, for the purpose of preparing such report, all information requested by them, and none of such information contained any misrepresentation at the time such information was so provided. (iii) Except as disclosed in Schedule 3.1(t) of the Company Disclosure Letter, the Company does not have knowledge of any material change in the facts and assumptions underlying the estimates in the Technical Report, as updated through the Company Public Disclosure Record, that would reasonably be expected to result in a material change in any production, cost, price, reserves, resources or other relevant information provided in the Technical Report as updated through the Company Public Disclosure Record. (iv) To the knowledge of the Company, all All of the material assumptions underlying the mineral resource and mineral reserve estimates in the Technical Report were on the date of such Technical Report Company Public Disclosure Record are reasonable and appropriate. (v) The disclosure of estimates of mineral resources and mineral reserves as described in the Company Public Disclosure Record comply in all material respects with NI 43-101. (vi) The information set forth in the Company Public Disclosure Record relating to mineral resources and mineral reserves required to be disclosed therein pursuant to NI 43-101 has been prepared by the Company and its consultants in accordance with methods generally applied in the mining industry and conforms in all material respects to the requirements of NI 43-101 and and, in all material respects, to applicable Securities Laws. (vii) The Company is in compliance in all material respects with the provisions of NI 43-101, 101 and has filed all technical reports required thereby. (viii) Except as disclosed in Schedule 3.1(t) of the Company Disclosure Letter, and there has been no material change of which the Company is or should be aware that would, to the knowledge of the Company, would materially disaffirm or materially change any aspect of the Technical Report or that would require the filing of a new technical report under NI 43-101.

Technical Report. (i) The Material Property is the only material property of the Company for the purposes of NI 43-101. (ii) The technical report prepared for the Company by the Company entitled “NI 43-101 Technical Report Report-Mount Xxxxxxxx Mine-Northern Central British Columbia” dated January 21, 2015 and filed on SEDAR on January 21, 2015 (the “Technical Report”) complied in all material respects with the requirements of NI 43-101 at the time of filing thereof and reasonably presented the quantity of mineral resources and mineral reserves attributable to the Material Property properties evaluated therein as at the date stated therein based upon information available at the time the report was prepared. The Company does not have knowledge of any change to the facts and assumptions underlying the estimates in the Technical Report that would reasonably be expected to result in a material adverse change in any production, cost, price, resources or other relevant information in the Technical Report since the date of such report. (iii) The Company made available to the authors of the Technical Report, prior to the issuance thereof, for the purpose of preparing such report, all information requested by them, and none of such information contained any misrepresentation at the time such information was so provided. (iii) The Company does not have knowledge of any material change in the facts and assumptions underlying the estimates in the Technical Report as updated through the Company Public Disclosure Record that would reasonably be expected to result in a material adverse change in any production, cost, price, reserves, resources or other relevant information provided in the Technical Report as updated through the Company Public Disclosure Record. (iv) To the knowledge of the Company, all All of the material assumptions underlying the mineral resource and mineral reserve estimates in the Technical Report were on the date of such Technical Report Company Public Disclosure Record are reasonable and appropriate. (v) The disclosure of estimates of mineral resources and mineral reserves as described in the Company Public Disclosure Record comply in all material respects with NI 43-101. (vi) The information set forth in the Company Public Disclosure Record relating to mineral resources and mineral reserves required to be disclosed therein pursuant to NI 43-101 has been prepared by the Company and its consultants in accordance with methods generally applied in the mining industry and conforms in all material respects to the requirements of NI 43-101 and Securities Laws. (vii) The Company is in compliance in all material respects with the provisions of NI 43-101, has filed all technical reports required thereby, and there has been no material change of which the Company is or should be aware that would, to the knowledge of the Company, would materially disaffirm or materially change any aspect of the Technical Report or that would require the filing of a new technical report under NI 43-101.

Technical Report. (i) The Material Property is Properties, together, constitute the only material property properties of the Company Company, including in respect of Orca Sand & Gravel Project and the Black Bear Project, for the purposes of NI 43-101. (ii) The Technical Report Reports complied in all material respects with the requirements of NI 43-101 at the time of filing thereof and reasonably presented the quantity of mineral resources and mineral reserves attributable to the Material Property properties evaluated therein as at the date stated therein based upon information available at the time the report was prepared. The Company does not have knowledge of any change to the facts and assumptions underlying the estimates in the Technical Report that would reasonably be expected to result in a material adverse change in any production, cost, price, resources or other relevant information in the Technical Report since the date of such report. (iii) The Company made available to the authors of the Technical ReportReports, prior to the issuance thereof, for the purpose of preparing such report, all information requested by them, and none of such information contained any misrepresentation at the time such information was so provided. (iv) To Except as disclosed in Schedule 3.1(t) of the Company Disclosure Letter, the Company does not have knowledge of any material change in the Companyfacts and assumptions underlying the estimates in the Technical Reports, all as updated through the Company Public Disclosure Record, that would reasonably be expected to result in a material change in any production, cost, price, reserves, resources or other relevant information provided in the Technical Reports as updated through the Company Public Disclosure Record. (v) All of the material assumptions underlying the mineral resource and mineral reserve estimates in the Technical Report were on the date of such Technical Report Company Public Disclosure Record are reasonable and appropriate. (vvi) The disclosure of estimates of mineral resources and mineral reserves as described in the Company Public Disclosure Record comply in all material respects with NI 43-101. (vivii) The information set forth in the Company Public Disclosure Record relating to mineral resources and mineral reserves required to be disclosed therein pursuant to NI 43-101 has been prepared by the Company and its consultants in accordance with methods generally applied in the mining industry and conforms in all material respects to the requirements of NI 43-101 and and, in all material respects, to applicable Securities Laws. (viiviii) The Company is in compliance in all material respects with the provisions of NI 43-101, 101 and has filed all technical reports required thereby. (ix) Except as disclosed in Schedule 3.1(t) of the Company Disclosure Letter, and there has been no material change of which the Company is or should be aware that would, to the knowledge of the Company, would materially disaffirm or materially change any aspect of the Technical Report or that would require the filing of a new technical report under NI 43-101.

Technical Report. (i) The Material Property Back Forty Project is the only material property of the Company for the purposes of NI 43-101. (ii) The NI 43-101 preliminary economic assessment technical report prepared by P&E Mining Consultants Inc. effective October 14, 2019 in respect of the Back Forty Project (the “Technical Report Report”) complied in all material respects with the requirements of NI 43-101 101, including Form 43-101F1, at the time of filing thereof and reasonably presented the quantity of mineral resources attributable to the Material Property properties evaluated therein as at the date stated therein based upon information available at the time the report was prepared. The Except as has been otherwise disclosed to the Purchaser or the Parent, the Company does not have knowledge of any change to the facts and assumptions underlying the estimates in the Technical Report that would reasonably be expected to result in a material adverse change in any production, cost, price, mineral reserves, mineral resources or other relevant information in the Technical Report provided since the date of such reportinformation was provided. (iii) The Company made available to the authors of the Technical Report, prior to the issuance thereof, for the purpose of preparing such report, all information requested by them, and none of such information contained any misrepresentation Misrepresentation at the time such information was so provided. (iv) To the knowledge of the Company, all of the material assumptions underlying the mineral resource estimates in the Technical Report were on the date of such Technical Report are reasonable and appropriateappropriate in all material respects. (v) The disclosure of estimates of mineral resources as described in the Public Company Disclosure Record comply in all material respects with NI 43-101. (vi) The information set forth in the Public Company Disclosure Record relating to mineral resources required to be disclosed therein pursuant to NI 43-101 has been prepared by the Company and its consultants in accordance with methods generally applied in the mining industry and conforms in all material respects to the requirements of NI 43-101 and Securities Laws. (vii) The Company is in compliance in all material respects with the provisions of NI 43-101, has filed all technical reports required thereby, and there has been no change of which the Company is or should be aware that wouldwould disaffirm, to the knowledge of the Company, disaffirm misrepresent or change any material aspect of the Technical Report or that would require the filing of a new technical report under NI 43-101.