UNDERWRITING AGREEMENT

January 27, 2025

Blackrock Silver Corp.
Suite 1570, 200 Burrard Street
Vancouver, BC
V6C 3L6

Attention: Mr. Andrew Pollard – President, Chief Executive Officer and Director

Raymond James Ltd. ("RJL"), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Red Cloud Securities Inc., Research Capital Corporation and Ventum Financial Corp. (collectively, the "Underwriters"), understands that Blackrock Silver Corp. (the "Corporation") proposes to issue and offer for sale 33,334,000 Units (as hereinafter defined) at a price of $0.36 per Unit (the "Offering Price") to the Underwriters, in the respective percentages set forth in Section 13.1 thereof, for aggregate gross proceeds to the Corporation of $12,000,240 (the "Offering" and the Units to be issued under the Offering being the "Offered Units").

In addition, the Corporation hereby grants to the Underwriters an over-allotment option ("Over-Allotment Option") to purchase from the Corporation additional Units ("Over-Allotment Units"), each at the Offering Price, representing up to 15% of the number of Offered Units contemplated in the previous paragraph, which the Underwriters may elect at their discretion to exercise, and which option is exercisable in whole or in part on one or more occasions by notice given at any time up to and including 30 days following the Closing Date (as hereinafter defined) to cover over allotments and for market stabilization purposes. Each Over-Allotment Unit shall consist of one Common Share (as hereinafter defined) (each an "Over-Allotment Share" and collectively the "Over-Allotment Shares") and one-half of one Warrant (as hereinafter defined) (each whole Warrant being an "Over-Allotment Warrant" and collectively the "Over-Allotment Warrants"). The Underwriters can elect to exercise the Over-Allotment Option for Over-Allotment Units only, Over-Allotment Shares only, Over-Allotment Warrants only, or any combination thereof. The purchase price for Over-Allotment Warrants purchased upon exercise of the Over-Allotment Option is $0.03 per full Warrant (or $0.015 per one-half Warrant), and the purchase price per Over-Allotment Share purchased upon exercise of the Over-Allotment Option is $0.345 per Over-Allotment Share. The Underwriters may, therefore, elect to fill their over-allocation position, if any, by exercising the Over-Allotment Option for Over-Allotment Units only, Over-Allotment Shares only, Over-Allotment Warrants only, or any combination thereof; provided that the aggregate number of Over-Allotment Shares which may be issued under the Over-Allotment Option does not exceed 5,000,100 and the aggregate number of Over-Allotment Warrants which may be issued under the Over-Allotment Option does not exceed 2,500,050. If the Underwriters elect to exercise all or any portion of the Over-Allotment Option from time to time, the Underwriters shall provide written notice to the Corporation not later than the two Business Days (as defined herein) prior to the Over-Allotment Closing Date (as defined herein) specifying the aggregate number of Over-Allotment Units, Over-Allotment Shares and/or Over-Allotment Warrants, to be purchased by the Underwriters and the date on which such Over-Allotment Units, Over-Allotment Shares and/or Over-Allotment Warrants, are to be purchased (an "Over-Allotment Closing Date") and the Corporation shall be obligated to issue and sell such number of Over-Allotment Units, Over-Allotment Shares and/or Over-Allotment Warrants on such Over-Allotment Closing

Date. Such date may be the same as the Closing Date but not earlier than the Closing Date nor later than 30 days following the Closing Date. Unless otherwise specifically referenced or unless the context otherwise requires, all references in this Agreement to (i) the "Offering" shall be deemed to include the Over-Allotment Option, (ii) the "Offered Units" shall include the Over-Allotment Units, (iii) the "Unit Shares" shall include the Over-Allotment Shares, (iv) the "Warrants" shall include the Over-Allotment Warrants, and (v) the "Warrant Shares" shall include the Warrant Shares issuable upon exercise of the Over-Allotment Warrants.

Based upon the foregoing and on the basis of the representations, warranties, covenants and agreements contained herein and subject to the terms and conditions set out below, the Underwriters hereby severally (and not jointly or jointly or severally) agree to purchase from the Corporation on a "bought deal" basis and the Corporation hereby agrees to issue and sell to the Underwriters, the respective percentages of the Offered Units set forth opposite the name of each Underwriter in Section 13.1 at the Offering Price per Unit. After a reasonable effort has been made to sell all of the Offered Units at the Offering Price, the Underwriters may subsequently reduce the selling price to investors from time to time, provided that any such reduction in the Offering Price shall not affect the aggregate Offering Price payable to the Corporation.

The Underwriters and the Corporation agree that the Underwriters may arrange for substitute purchasers (the "Substituted Purchasers") for the Offered Units in the Selling Jurisdictions (as hereinafter defined) subject to the terms and conditions set out in this Agreement.

The Offered Units may be distributed in Qualifying Jurisdictions (as hereinafter defined) by the Underwriters pursuant to the Prospectus (as hereinafter defined) and, in the United States (as hereinafter defined) solely on a private placement basis in accordance with available exemptions from the registration requirements of the U.S. Securities Act (as hereinafter defined) and applicable state securities laws, to or for the account or benefit of persons in the United States or U.S. Persons (as hereinafter defined). The Qualifying Jurisdictions, together with the United States, are hereinafter referred to collectively as the "Selling Jurisdictions". Any offers or sales in the United States or to, or for the account or benefit of, U.S. Persons through the Underwriters shall be effected only by or through one or more duly-registered United States broker-dealers (the "U.S. Selling Group Members") appointed by the Underwriters as sub-agents under certain exemptions from the registration requirements of the U.S. Securities Act and the applicable securities laws of any state of the United States. The Corporation agrees that the Underwriters may, in their sole discretion, direct payment by the Corporation of any amounts owing under this agreement to any U.S. Selling Group Member appointed by the Underwriters. On notice to the Corporation and subject to applicable law, including U.S. Securities Laws (as hereinafter defined) and the terms of this Agreement, the Offered Units may also be distributed outside Canada and the United States, in such jurisdictions as determined appropriate by the Underwriters in accordance with applicable laws but provided that no prospectus, registration or similar document is required to be filed in any such jurisdiction and the Corporation is not otherwise made subject to any ongoing compliance with any law or other regulation or rule.

The Underwriters acknowledge and agree that the Offered Units will not be registered under the U.S. Securities Act or under any applicable securities laws of any state of the United States. Accordingly, the Corporation and the Underwriters agree that any offers or sales in the United States or to, or for the account or benefit of, U.S. Persons shall be conducted only in the manner specified in Schedule "C" hereof. All actions to be undertaken by the Underwriters in the United States or with, or for the account or benefit of, U.S. Persons in connection with the matters contemplated herein shall be undertaken through the U.S. Selling Group Members. The Underwriters shall cause the representations, warranties and covenants included in Schedule "C"

hereto to be made by the U.S. Selling Group Members for the benefit of the Corporation and the Underwriters, in a separate agreement between the Underwriters and the U.S. Selling Group Members.

The Corporation agrees that the Underwriters will be permitted to appoint, in addition to the U.S. Selling Group Members, other appropriately registered investment dealers to form a selling group to participate in the offering of the Offered Units. The Corporation grants all of the rights and benefits of this Agreement to any investment dealer who is a member of any Selling Group (as hereinafter defined) formed by the Underwriters and appoints the Underwriters as trustees of such rights and benefits for all such investment dealers, and the Underwriters hereby accept such trust and agree to hold such rights and benefits for and on behalf of all such investment dealers. The Underwriters shall ensure that any investment dealer who is a member of any Selling Group formed by the Underwriters pursuant to the provisions of this paragraph or with whom the Underwriters have a contractual relationship with respect to the Offering, if any, shall comply with the applicable covenants and obligations of the Underwriters herein. The Underwriters shall, however, be under no obligation to engage any sub-agent or form any Selling Group. Such other brokers and dealers, together with the Underwriters and any U.S. Selling Group Members, are collectively referred to herein as the "Selling Group".

In consideration for their services hereunder, the Corporation agrees to pay to the Underwriters the fees and other compensation set forth in this Agreement.

The following are the terms and conditions of the agreement between the Corporation and the Underwriters:

ARTICLE 1- INTERPRETATION

1.1 In this Agreement,

"Agreement" means this agreement, as it may be amended, modified or supplemented from time to time in accordance with its terms;

"Ancillary Documents" means the Warrant Indenture, the certificates evidencing the Warrants, the certificates evidencing the Broker Warrants and all other agreements, certificates and documents executed and delivered, or to be executed and delivered, by the Corporation in connection with the transactions contemplated by this Agreement;

"Base Shelf Prospectus" means the (final) short form base shelf prospectus of the Corporation dated August 4, 2023, including all of the Documents Incorporated by Reference;

"Broker Warrants" has the meaning given to it in Section 7.2 of this Agreement;

"Broker Warrant Shares" means the Common Shares issuable upon exercise of the Broker Warrants;

"Business Day" means a day other than a Saturday, Sunday or statutory or banking holiday in the Province of Ontario or the Province of British Columbia;

"Canadian Securities Laws" means all applicable securities laws in each of the Qualifying Jurisdictions and the respective regulations, rules and forms thereunder together with applicable

orders, rulings, instruments and published policy statements of the Canadian Securities Administrators;

"Canadian Securities Regulators" means the applicable securities commissions or similar regulatory authorities in each of the Qualifying Jurisdictions, and "Canadian Securities Regulator" means any one of them;

"Closing" means the closing of the Offering;

"Closing Date" means January 30, 2025, or such other date as the Underwriters may determine;

"Common Shares" means common shares in the capital of the Corporation, as currently constituted;

"Contract" means any written or oral agreement, indenture, contract, lease, sublease, deed of trust, licence, option, or other legally enforceable obligation of or in favour of the applicable person;

"Corporation" has the meaning given to it in the first paragraph of this Agreement;

"Corporation Subsidiary" means Blackrock Gold Corp., a corporation existing under the laws of the state of Nevada, U.S.;

"Corporation's Auditors" means BDO Canada LLP or such other firm of chartered professional accountants as the Corporation may have appointed or may from time to time appoint as auditors of the Corporation;

"Corporation's Counsel" means Koffman Kalef LLP;

"Corporation's Information Record" means: (i) any statement contained in any press release, material change report, financial statement, annual information form, annual or interim report, proxy circular or other document of the Corporation which has been filed on SEDAR+, and (ii) any information which appears on the Corporation's website;

"Documents Incorporated by Reference" means all financial statements, management's discussion and analysis, management information circulars, annual information forms, material change reports, technical reports, marketing materials or other documents issued by the Corporation, whether before or after the date of this Agreement, that are incorporated by reference, or deemed to be incorporated by reference pursuant to NI 44-101, into the Offering Documents;

"Employee Plans" has the meaning given to it in Section 3.2(ii) of this Agreement;

"Enforceability Qualifications" means that enforceability is subject to bankruptcy, insolvency and other similar Laws affecting creditors' rights generally and to general principles of equity;

"Environmental Laws" has the meaning given to it in Section 3.2(n) of this Agreement;

"Equity Compensation Securities" has the meaning given to it in Section 4.1(e) of this Agreement;

"Exchange" means the TSX Venture Exchange;

"Exchange Approval" means the conditional approval of the Exchange for the Offering;

"FCPA Legislation" means all applicable foreign corrupt practice Laws, including the Corruption of Foreign Public Officials Act (Canada);

"Financial Information" means (i) the audited consolidated financial statements of the Corporation as at and for the years ended October 31, 2023 and 2022, including the notes thereto, together with the report of the Corporation's Auditors thereon, (ii) the unaudited interim consolidated financial statements of the Corporation as at and for the three and nine months ended July 31, 2024 and 2023; and (iii) in the case of each of (i) and (ii), the applicable accompanying management's discussion and analysis of financial condition and results of operations;

"Governmental Authority" means any (i) multinational, federal, provincial, state, municipal, local or other governmental or public department, court, commission, board, bureau, agency or instrumentality, domestic or foreign; (ii) any subdivision or authority of any of the foregoing; (iii) any quasi-governmental, self-regulatory organization or private body exercising any regulatory, expropriation or taxing authority under or for the account of its members or any of the above (including the Exchange); or (iv) any arbitrator exercising jurisdiction over the affairs of the applicable person, asset, obligation or other matter;

"IFRS" has the meaning given to it in Section 3.2(f);

"including" means including without limitation and shall not be construed to limit any general statement which it follows to the specific or similar items or matters immediately following it;

"Law" means any federal, provincial, territorial, state or municipal law, statute, ordinance, regulation, rule, by-law, judgment, decree, order or award of any Governmental Authority of competent jurisdiction;

"Lien" means any encumbrance or title defect of whatever kind or nature, regardless of form, whether or not registered or registrable and whether or not consensual or arising by Law (statutory or otherwise), including any mortgage, lien, charge, pledge or security interest, whether fixed or floating, or any assignment, lease, option, right of pre-emption, privilege, encumbrance, easement, hypothec, pledge, title retention agreement, reservation of title, servitude, right of way, restrictive covenant, right of use or any matter capable of registration against title or any other right or claim of any kind or nature whatever which affects ownership or possession of, or title to, any interest in, or the right to use or occupy property or assets;

"Material Adverse Effect" means the effect resulting from any event or change which has a material adverse effect on the consolidated business, affairs, capital, operations or assets (including assets in which the Corporation has a direct or indirect economic interest) of the Corporation;

"material change" has the meaning ascribed to such term in NI 51-102;

"material fact" means a material fact for the purposes of the Securities Laws or any of them or, where undefined under the Securities Laws of a jurisdiction, means a fact that significantly affects,

or would reasonably be expected to have a significant effect on, the market price or value of the Common Shares;

"Mining Claims" has the meaning given to it in Section 3.2(oo) of this Agreement;

"misrepresentation" means a misrepresentation as defined under the Securities Laws or any of them or, where undefined under the Securities Laws of a jurisdiction, means (i) an untrue statement of a material fact, or (ii) an omission to state a material fact that is required to be stated or that is necessary to make a statement not misleading in light of the circumstances in which it was made;

"NEO" has the meaning given to it in Form 51-102F6V Statement of Executive Compensation – Venture Issuers;

"NI 43-101" means National Instrument 43-101 Standards of Disclosure for Mineral Projects;

"NI 44-101" means National Instrument 44-101 Short Form Prospectus Distributions;

"NI 44-102" means National Instrument 44-102 Shelf Distributions;

"NI 45-106" means National Instrument 45-106 Prospectus Exemptions;

"NI 51-102" means National Instrument 51-102 Continuous Disclosure Obligations;

"Offer Letter" means the engagement letter between the Corporation and RJL dated January 23, 2025, as amended by the amendment letter between the Corporation and RJL dated January 24, 2025;

"Offered Units" has the meaning given to it in the first paragraph of this Agreement;

"Offering" has the meaning given to it in the first paragraph of this Agreement;

"Offering Documents" means, collectively, the Base Shelf Prospectus, the Prospectus Supplement, any amendments to such documents, any Supplementary Material or any marketing materials, and also includes, as applicable, the U.S. Placement Memorandum;

"Offering Price" has the meaning given to it in the first paragraph of this Agreement;

"Over-Allotment Closing Date" has the meaning given to it in the second paragraph of this Agreement;

"Over-Allotment Option" has the meaning given to it in the second paragraph of this Agreement;

"Over-Allotment Shares" has the meaning given to it in the second paragraph of this Agreement;

"Over-Allotment Units" has the meaning given to it in the second paragraph of this Agreement;

"Over-Allotment Warrants" has the meaning given to it in the second paragraph of this Agreement;

"Outstanding Convertible Securities" means all options (whether put or call options), including options granted or proposed to be granted to officers, directors, employees or consultants, share

purchase or acquisition rights or warrants, restricted share units, performance share units, deferred share units and other convertible securities outstanding, whether issued pursuant to an established plan or otherwise;

"person" means any individual (whether acting as an executor, trustee administrator, legal representative or otherwise), corporation, firm, partnership, sole proprietorship, syndicate, joint venture, trustee, trust, unincorporated organization or association, and pronouns have a similar extended meaning;

"President's List" has the meaning given to it in Section 7.1;

"Projects" means, together, the Silver Cloud Project and the Tonopah West Project;

"Prospectus" means the Base Shelf Prospectus, as supplemented by the Prospectus Supplement and any Supplementary Material, in each case including all of the Documents Incorporated by Reference;

"Prospectus Supplement" means the shelf prospectus supplement dated the date hereof relating to the qualification in all of the Qualifying Jurisdictions of the distribution of the Offered Units under Canadian Securities Laws, including all of the Documents Incorporated by Reference;

"Prospectus Supplement Date" means the date of the Prospectus Supplement;

"Qualifying Jurisdictions" means each of the provinces and territories of Canada, except Quebec;

"Regulation S" means Regulation S promulgated under the U.S. Securities Act;

"SEC" means the United States Securities Exchange Commission;

"Securities Commissions" means, collectively, the securities commissions or similar regulatory authorities in each of the Qualifying Jurisdictions and "Securities Commission" means a securities commission or other securities regulatory authority in any one Qualifying Jurisdiction, as the context may require;

"Securities Laws" means, unless the context otherwise requires, all Canadian Securities Laws and U.S. Securities Laws;

"SEDAR+" means the System for Electronic Data Analysis and Retrieval established by National Instrument 13-103 – System for Electronic Data Analysis and Retrieval + (SEDAR+) of the Canadian Securities Administrators;

"Selling Group" has the meaning set out on page 3 of this Agreement;

"Selling Jurisdictions" has the meaning set out on page 2 of this Agreement;

"Silver Cloud Project" means the Corporation's Silver Cloud mineral project located in Elko, Nevada, as more particularly described in the Corporation's Information Record;

"Silver Cloud Technical Report" means the technical report titled "Technical Report on the Silver Cloud Property, Elko County, Nevada, USA" dated January 30, 2023 with an effective date of January 27, 2023;

"Silver Cloud Title Opinion" has the meaning given to it in Section 5.1(g) of this Agreement;

"subsidiary" has the meaning given to such term under NI 45-106;

"Substituted Purchasers" has the meaning set out on page 2 of this Agreement;

"Supplementary Material" means, collectively, any amendment to or amendment and restatement of the Base Shelf Prospectus and/or the Prospectus Supplement, and any further amendment, amendment and restatement or supplemental prospectus thereto or ancillary materials that may be filed by or on behalf of the Corporation under the Canadian Securities Laws relating to the Offering;

"Survival Limitation Date" means the second anniversary of the Closing Date;

"Tax Act" means the Income Tax Act (Canada), as amended, re-enacted or replaced from time to time;

"Time of Closing" means 8:00 am (Toronto time) on the Closing Date or the Over-Allotment Closing Date, or such other time on the Closing Date or Over-Allotment Closing Date as the Underwriters may determine;

"Tonopah West Project" means the Corporation's Tonopah West mineral project located in Nye and Esmerelda Counties, Nevada, as more particularly described in the Corporation's Information Record;

"Tonopah West Technical Report" means the technical report titled "Preliminary Economic Assessment of Mineral Resources, Tonopah West Silver-Gold Project, Nye and Esmeralda Counties, Nevada, USA" dated October 11, 2024, with an effective date for the preliminary economic assessment of September 4, 2024 and an effective date for the mineral resource estimate of August 23, 2024;

"Tonopah West Title Opinion" has the meaning given to it in Section 5.1(g) of this Agreement;

"Underwriters" has the meaning given to it in the first paragraph of this Agreement;

"Underwriters' Counsel" means Mintz LLP;

"Underwriting Fee" means the fee payable to the Underwriters as specified in Section 7.1 of this Agreement;

"Units" means units of securities of the Corporation, each consisting of one Common Share and one-half of one Warrant;

"Unit Securities" means, collectively, the Unit Shares and Warrants comprising the Offered Units;

"Unit Shares" means the Common Shares comprised in the Units;

"United States" or "U.S." means the United States of America, its territories and possessions, any state of the United States and the District of Columbia;

"U.S. Exchange Act" means the United States Securities Exchange Act of 1934, as amended;

"U.S. Person" has the meaning given to such term in Rule 902(k) of Regulation S;

"U.S. Placement Memorandum" means the private placement memorandum prepared for use in connection with the private placements of the Offered Units in the United States;

"U.S. Securities Act" means the United States Securities Act of 1933, as amended;

"U.S. Securities Laws" means all applicable securities legislation in the United States, including without limitation, the U.S. Securities Act, the U.S. Exchange Act and the rules and regulations promulgated thereunder, the rules and policies of the SEC and any applicable state securities laws;

"U.S. Selling Group Members" has the meaning set out on page 2 of this Agreement;

"Warrant Indenture" means the warrant indenture between the Corporation and Computershare Trust Company of Canada to be dated as of the Closing Date with respect to the Warrants;

"Warrants" means warrants of the Corporation, each whole warrant exercisable until the second anniversary of the Closing Date and entitling the holder to purchase one Common Share at an exercise price of $0.50 per Common Share, subject to customary adjustment provisions; and

"Warrant Shares" means the Common Shares issuable upon exercise of the Warrants.

1.2 The division of this Agreement into sections, subsections, paragraphs and other subdivisions and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Agreement.

1.3 Unless otherwise expressly provided in this Agreement, words importing only the singular number include the plural and vice versa and words importing gender include all genders. References to "paragraph" and "Section" (unless otherwise indicated) are to the appropriate paragraphs and Sections of this Agreement. Unless the context otherwise requires, any reference to a statute shall be deemed to include regulations made pursuant thereto, all amendments in force from time to time and any statute or regulation that may be passed that has the effect of supplementing or superseding the statute or regulation referred to.

1.4 Any action or payment required or permitted to be taken or made hereunder on a day which is not a Business Day shall or may be, as the case may be, taken or made on the next succeeding Business Day, except when otherwise prescribed by Securities Laws or rules and policies of the Exchange, with the same force and effect as if taken or made within the period for the taking or making of such action.

1.5 This Agreement shall be governed by and construed in accordance with the internal laws of the Province of British Columbia and the federal laws of Canada applicable therein, without reference to conflicts of law rules.

1.6 All amounts expressed herein in terms of money refer to lawful currency of Canada and all payments to be made hereunder shall be made in such currency.

1.7 In this Agreement, a reference to "knowledge" of the Corporation means to the best of the knowledge of Andrew Pollard, President and Chief Executive Officer of the Corporation,

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and Randy Minhas, Chief Financial Officer of the Corporation, in each case having made due inquiry.

1.8 The following are the schedules attached to this Agreement, which schedules are deemed to be a part hereof and are hereby incorporated by reference herein:

Schedule "A" - Details of the Corporation's Material Mining Properties
Schedule "B" - Details as to Outstanding Convertible Securities
Schedule "C" Compliance with United States Securities Laws

ARTICLE 2- PURCHASE, SALE AND DISTRIBUTION

2.1 Each purchaser who is resident in a Qualifying Jurisdiction shall purchase the Offered Units pursuant to the Prospectus. Each other purchaser not resident in a Qualifying Jurisdiction, or located outside of a Qualifying Jurisdiction, shall purchase the Offered Units, which have been qualified by the Prospectus in Canada, only on a private placement basis under the applicable securities laws of the jurisdiction in which the purchaser is resident or located, in accordance with such procedures as the Corporation and the Underwriters may mutually agree, each acting reasonably, in order to fully comply with Securities Laws and the terms of this Agreement (including Schedule "C" to this Agreement).

2.2 The Corporation will deliver, without charge, to the Underwriters copies of the Prospectus Supplement and the Base Shelf Prospectus, signed and certified as required by Canadian Securities Laws, together with all Documents Incorporated by Reference and not previously delivered to the Underwriters; provided that if any such Document Incorporated by Reference is available to the public on SEDAR+, such document or information will be deemed to have been delivered in satisfaction of this requirement.

2.3 The Corporation will prepare and deliver promptly to the Underwriters, without charge, copies of all Supplementary Material, as applicable, signed and certified as required under Canadian Securities Laws, together with all Documents Incorporated by Reference and not previously delivered to the Underwriters (provided that if such Document Incorporated by Reference is available to the public on SEDAR+, such document or information will be deemed to have been delivered in satisfaction of this requirement), and accompanied by documents corresponding to those referred to in Section 2.6.

2.4 The Corporation will provide access to the Prospectus and any Supplementary Material through the procedure prescribed under the "Access Equal Delivery" exemption under Part 6A of NI 44-102, and the Underwriters and the Corporation shall satisfy any request for electronic or paper copies of the Prospectus in accordance with Part 6A of NI 44-102, without charge. If reasonably requested by the Underwriters, the Corporation will furnish the Underwriters, without charge, with commercial copies of the Prospectus in such quantities and deliver to such cities in the Qualifying Jurisdictions as the Underwriters may from time to time reasonably request by written instructions to the Corporation. Such delivery shall be effected as soon as practicable and, in any event, in each of the Qualifying Jurisdictions, on or before 10:00 a.m. (local time) on the second Business Day following the Prospectus Supplement Date. The Corporation shall promptly furnish the Underwriters, without charge, with commercial copies of any Supplementary Material in

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such quantities and deliver to such cities in the Qualifying Jurisdictions as the Underwriters may from time to time reasonably request by written instructions to the Corporation.

2.5 Each delivery of the Prospectus and any Supplementary Materials by the Corporation to the Underwriters will constitute the consent of the Corporation to the use of such document, as applicable, in connection with the Offering of the Offered Units and will constitute the representation and warranty of the Corporation to the Underwriters that, at the respective times of such delivery:

(a) all information and statements (except information and statements relating solely to the Underwriters and provided by the Underwriters in writing expressly for inclusion therein) contained therein:

(i) are true and correct in all material respects and contain no misrepresentation; and

(ii) constitute full, true and plain disclosure of all material facts relating to the Offered Units and to the Corporation and the Corporation Subsidiary considered as a whole;

(b) such document does not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances in which they were made (except statements or facts relating solely to the Underwriters); and

(c) such document complies in all material respects with Canadian Securities Laws at the time filed and at the time when it is first sent or delivered to a purchaser or potential purchaser.

2.6 Prior to the filing of the Prospectus Supplement, the Corporation must deliver to the Underwriters a comfort letter from the Corporation's Auditor dated the Prospectus Supplement Date, in form and substance satisfactory to the Underwriters, addressed to the Underwriters and the board of directors of the Corporation relating to the verification of the Financial Information, statistical and accounting data contained in or incorporated or deemed to be incorporated by reference in the Prospectus and matters involving changes or developments since the respective dates as of which specified Financial Information is given in the Prospectus (including Financial Information incorporated or deemed to be incorporated therein), to a date not more than two Business Days prior to the date of such letter.

2.7 The Corporation hereby agrees to comply with all Securities Laws on a timely basis in connection with the distribution of the Offered Units and the Corporation shall execute and file with the Securities Commissions the Prospectus Supplement and all forms, notices and certificates relating to the Offering required to be filed pursuant to Canadian Securities Laws within the time required, and in the form prescribed, by Canadian Securities Laws.

2.8 The Corporation also agrees to file within the periods stipulated under applicable Laws outside of Canada and at the Corporation's expense all private placement forms required to be filed by the Corporation in connection with the Offering and pay all filing fees required to be paid in connection therewith so that the distribution of the Offered Units outside of

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Canada may lawfully occur without the necessity of filing a prospectus or any similar document under the applicable Laws outside of Canada.

2.9 The Underwriters agree to offer the Offered Units for sale only in the Selling Jurisdictions and to offer and sell the Offered Units to purchasers in the United States or to, or for the account or benefit of, U.S. Persons only in compliance with Schedule "C" attached hereto, and in such jurisdictions outside of the Selling Jurisdictions where permitted by and in accordance with Securities Laws and the applicable securities Laws of such other jurisdictions, and provided that in the case of jurisdictions other than the Qualifying Jurisdictions, the Corporation shall not be required to become registered or file a prospectus or registration statement or similar document in such jurisdictions and the Corporation will not be subject to any continuous disclosure requirements in such jurisdictions.

ARTICLE 3- REPRESENTATIONS, WARRANTIES AND COVENANTS

3.1 Representations, Warranties, Covenants and Acknowledgements of the Underwriters

Each Underwriter hereby severally represents, warrants and covenants with the Corporation that:

(a) it is a valid and subsisting corporation, duly incorporated, continued, amalgamated or formed, as applicable, and in good standing under the laws of the jurisdiction in which it is existing;

(b) it is, and will remain until the completion of the Offering, appropriately qualified and registered under Securities Laws so as to permit it to lawfully fulfil its obligations hereunder;

(c) it has all requisite corporate power and capacity to enter into this Agreement and to carry out the transactions contemplated under this Agreement on the terms and conditions set forth herein;

(d) this Agreement has been duly authorized, executed and delivered by it and shall constitute a valid and binding obligation of such Underwriter, enforceable against it in accordance with its terms except as to the Enforceability Qualifications;

(e) it has complied and will comply, and shall require any other member of the Selling Group to comply, with Securities Laws in connection with the distribution of the Offered Units including the U.S. selling restrictions imposed by U.S. Securities Laws, and the terms and provisions set forth in Schedule "C" to this Agreement, shall ensure that each member of the Selling Group agrees to comply with the covenants and obligations given by the Underwriter herein, to the extent applicable, and shall offer the Offered Units in the Selling Jurisdictions directly and through the Selling Group only upon the terms and conditions set out in the Prospectus and this Agreement. The Underwriter has offered and will offer, and shall require any member of the Selling Group to offer, and sell the Offered Units only in the Selling Jurisdictions where they may be lawfully offered for sale or sold. For the purposes of this Section 3.1, the Underwriter shall be entitled to assume that the Offered Units are qualified for distribution in each Qualifying Jurisdiction

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where a receipt or similar document for the Prospectus shall have been obtained from the applicable Securities Commission following the filing of the Prospectus unless otherwise notified in writing;

(f) it shall not, and shall require each member of the Selling Group to agree to not, directly or indirectly, sell or solicit offers to purchase the Offered Units or distribute or publish any offering circular, prospectus, form of application, advertisement or other offering materials in any jurisdiction so as to require registration or filing of a prospectus with respect thereto or compliance by the Corporation with regulatory requirements (including any continuous disclosure obligations) under the laws of, or subject the Corporation (or any of its directors, officers or employees) to any inquiry, investigation or proceeding of any securities regulatory authority, stock exchange or other authority in, any jurisdiction (other than the filing of the Prospectus or any Supplementary Material in the Qualifying Jurisdictions);

(g) it acknowledges that (i) the Broker Warrants and the Broker Warrant Shares have not been and will not be registered under the U.S. Securities Act or the securities laws of any state of the United States and may not be offered or sold in the United States, or to or for the account or benefit of, U.S. Persons, except pursuant to exemptions from the registration requirements of the U.S. Securities Act and the applicable securities laws of any state of the United States; (ii) the Broker Warrants will bear a legend stating that the Broker Warrants and the securities to be issued upon their exercise have not been registered under the U.S. Securities Act; and (iii) the Broker Warrants may not be exercised by or on behalf of any U.S. Person unless registered under the U.S. Securities Act or an exemption from such registration is available and in accordance with any applicable securities laws of any state of the United States. The Underwriter further represents, warrants and covenants to the Corporation that its exercise of the Broker Warrants will constitute a representation to both the Corporation and the Warrant Agent that the beneficial owner at the time of exercise of such Broker Warrants (a) is not in the United States; (b) is not a U.S. Person and is not exercising such Broker Warrants on behalf of a U.S. Person or a person in the United States; (c) did not acquire the Broker Warrants in the United States or for the account or benefit of a U.S. Person; (d) did not receive an offer to exercise the Broker Warrant in the United States; (e) did not execute or deliver the notice of the owner's intention to exercise such Broker Warrants in the United States; and (f) has, in all other respects, complied with the terms of Regulation S in connection with such exercise;

(h) it will use commercially reasonable efforts to complete the distribution of the Offered Units as promptly as possible after the Time of Closing and will notify the Corporation when the Underwriter has ceased the distribution of the Offered Securities, and, within 30 days after completion of the distribution, will provide the Corporation as soon as reasonably possible, in writing, with a breakdown of the number of Offered Securities distributed in each of the Selling Jurisdictions and each other jurisdiction in which the Offered Units were distributed;

(i) subject to compliance with applicable Law, it will use its commercially reasonable efforts to agree to the form and substance of any press release relating to the Offering with the Corporation, each acting reasonably, prior to the release thereof; and

(j) it will deliver such certificates, confirmations and other documentation as may be contemplated in this Agreement or as the Corporation or its counsel may reasonably require in connection with the Offering.

3.2 Representations, Warranties and Covenants of the Corporation

The Corporation hereby represents and warrants to, and covenants with, the Underwriters, intending that the same may be relied upon by the Underwriters, that:

(a) Good Standing of the Corporation. The Corporation has been duly formed and is validly existing under the Business Corporations Act (British Columbia) and is current and up to date with all filings required to be made by it, and has all requisite corporate power and authority to carry on its business as currently conducted, and to own, lease and operate its properties and assets and to carry out the transactions contemplated by this Agreement and the Ancillary Documents and carrying out the obligations hereunder and thereunder. The Corporation is duly qualified or authorized to transact business and is in good standing (in respect of the filing of annual returns where required or other information filings under applicable corporations information legislation) in each jurisdiction in which such qualification is required, whether by reason of the ownership or leasing of property or the conduct of business.

(b) Subsidiaries. Other than the Corporation Subsidiary, the Corporation does not have any subsidiaries. The Corporation Subsidiary has been incorporated and is validly existing under the laws of the state of Nevada, and is duly qualified to carry on its business in each jurisdiction in which the conduct of its business or the ownership, leasing or operation of its property and assets requires such qualification, and has all requisite power and authority (corporate and other) to conduct its business and to own, lease and operate its properties and assets. The authorized capital of the Corporation Subsidiary consists of 75,000 shares in the capital of the Corporation Subsidiary. As at the date hereof, there are 1,000 shares of common stock in the capital of the Corporation Subsidiary issued and outstanding, all of which have been duly authorized and validly issued and are fully paid and non-assessable shares of common stock in the capital of the Corporation Subsidiary. The Corporation is the legal, beneficial and registered owner of all of the shares of common stock in the capital of the Corporation Subsidiary free and clear of all Liens. No person has any right, agreement or option for the purchase from the Corporation or the Corporation Subsidiary any interest in any of such shares of the Corporation Subsidiary or for the issue or allotment of any unissued shares in the capital of the Corporation Subsidiary.

(c) Share Capital of the Corporation. As of the date hereof, prior to giving effect to the Offering, the authorized share capital of the Corporation consists of an unlimited number of Common Shares. As of the date hereof, 276,387,694 Common Shares are issued and outstanding as fully paid and non-assessable shares. As of the date hereof, other than as described in Schedule "B" to this Agreement and other than pursuant to this Agreement, there are no Outstanding Convertible Securities of the Corporation.

(d) Authorization. The Corporation has full corporate power and authority to issue the Unit Securities, the Warrant Shares (upon the due exercise of the Warrants in

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accordance with the terms of the Warrant Indenture), the Broker Warrants and the Broker Warrant Shares (upon due exercise of the Broker Warrants in accordance with the terms of the Broker Warrant certificates issued in respect thereof). The Unit Securities, when issued (upon receipt by the Corporation of the full consideration therefor) will have been duly and validly issued (in the case of the Unit Shares, as fully paid and non-assessable Common Shares). Upon exercise of the Warrants, including receipt by the Corporation of the full consideration therefor, the Warrant Shares will have been duly and validly issued as fully paid and non-assessable Common Shares. Upon exercise of the Broker Warrants, when issued and upon receipt by the Corporation of the full consideration therefor, the Broker Warrant Shares will have been duly and validly issued as fully paid and non-assessable Common Shares.

(e) Absence of Rights. Except as adequately otherwise disclosed in the Corporation's Information Record, there is no right, agreement or option, present or future, contingent or absolute, or any right capable of becoming a right, agreement or option, for the issue or allotment of any unissued Common Shares or any other agreement or option, for the issue or allotment of any unissued Common Shares or any other security convertible into or exchangeable for any Common Shares or to require the Corporation to purchase, redeem or otherwise acquire any of the issued and outstanding Common Shares.

(f) Financial Information. The Financial Information:

(i) presents fairly, in all material respects, the financial position of the Corporation, and the results of its operations and its cash flows, for the periods specified in such Financial Information; and

(ii) conforms with International Financial Reporting Standards applicable in Canada ("IFRS").

(g) Off Balance Sheet. The Corporation has not engaged in any "off balance sheet" or similar financing.

(h) Liabilities. The Corporation does not have any liabilities, obligations, indebtedness or commitments, whether accrued, absolute, contingent or otherwise, which are not adequately disclosed or referred to in the Financial Information, other than liabilities, obligations or indebtedness or commitments incurred after the last period covered by the Financial Information in the normal course of business and which would not reasonably be expected to have a Material Adverse Effect.

(i) Non-Contravention. Neither the Corporation nor the Corporation Subsidiary is in violation of its constating documents. None of the Offering, the execution, delivery and performance of this Agreement or the Ancillary Documents or the consummation of the transactions contemplated herein and therein, including the issue of the Unit Securities, Warrant Shares, Broker Warrants and Broker Warrant Shares, does or will:

(i) subject to compliance by the Underwriters with the provisions of this Agreement, require the consent, approval, authorization, order or

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agreement of, or registration or qualification with, any Governmental Authority or other person, except:

A. such as have been obtained, or
B. such as may be required under the Securities Laws and the policies of the Exchange and will be obtained by the Closing Date (other than post-closing filings required to be made by the Exchange or as required by Securities Laws); or

(ii) conflict with, or result in any violation or breach of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation or acceleration of any obligation or to the loss of or Lien upon any of the consolidated properties or assets of the Corporation under any provision of:

A. the constating documents of the Corporation or the Corporation Subsidiary, or
B. subject to the filings and other matters referred to in the immediately following sentence:

(1) any Contract to which the Corporation or the Corporation Subsidiary is a party or by which any of their respective properties or assets are bound;
(2) any Law applicable to the Corporation or the Corporation Subsidiary or any of their respective properties or assets; or
(3) any authorization held or obtained by the Corporation or the Corporation Subsidiary or in which they have an economic interest,

other than any such conflicts, violations, defaults, rights, losses or Liens that would not, in any case of (i) or (ii) above, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

(j) Independent Accountants. The accountants who reported on the Financial Information are independent with respect to the Corporation within the meaning of Canadian Securities Laws. There has never been any reportable event (within the meaning of NI 51-102) with the current auditors or any former auditors (if any) of the Corporation.

(k) Material Assets. The Projects are the only mineral projects that are material to the Corporation. The Corporation is, directly or indirectly, the legal and beneficial owner of, and has good and marketable right, title and interest in and to the assets of the Corporation and the Corporation Subsidiary. The interests of the Corporation in the assets are as reflected in the Corporation's Information Record and free and clear of all Liens (except as otherwise disclosed in the Corporation's Information Record or the Prospectus). The Corporation's direct or indirect ownership interests in the Mining Claims are as will be set forth in the Silver Cloud Title Opinion and

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the Tonopah West Title Opinion, respectively, but in any event, in all material respects as disclosed in the Prospectus. Any and all Contracts pursuant to which the Corporation or, to the knowledge of the Corporation, the Corporation Subsidiary, holds material assets or is entitled to the use of or acquire ownership of material assets (whether directly or indirectly) (including in respect of the Silver Cloud Project, subject to the qualifications to be provided in the Silver Cloud Title Opinion, and the Tonopah West Project, subject to the qualifications to be provided in the Tonopah West Title Opinion) are valid and subsisting agreements in full force and effect, enforceable in accordance with their respective terms, and there is currently no material default of any of the provisions of any such agreements nor has any such default been alleged, and the Corporation, after making due enquiries, is not aware of any disputes with respect thereto and such assets are in good standing under the applicable Laws of the jurisdictions in which they are situate, and all leases, licences, concessions, mineral rights and claims pursuant to which the Corporation or the Corporation Subsidiary has an economic interest (whether legal or beneficial) in such material assets are in good standing (subject to the qualifications to be provided in the Silver Cloud Title Opinion and the Tonopah West Title Opinion) and there has been no material default under any such leases, licences, concessions, and claims of the Corporation and all taxes required to be paid by the Corporation with respect to such assets to the date hereof have been paid.

(I) Technical Information. The Corporation has filed all technical reports as required by NI 43-101 for each mineral project on a property material to the Corporation, and such technical reports have been prepared in material compliance with the requirements thereof. The technical information set forth in the documents filed by the Corporation on SEDAR+, including relating to any estimates by the Corporation of mineral resources and mineral reserves, has been reviewed and approved by qualified persons (as defined in NI 43-101) and, in all cases, the resource information has been prepared in accordance with Canadian industry standards set forth in NI 43-101, and the information upon which any estimates of resources and reserves were based was, at the time of delivery thereof, complete and accurate in all material respects and there have been no material adverse changes to such information since the date of delivery or preparation thereof. The Silver Cloud Technical Report and the Tonopah West Technical Report are the only "current" technical reports of the Corporation for the purposes of NI 43-101 and, to the knowledge of the Corporation, no material information was withheld from the authors thereof for the purposes of preparing the Silver Cloud Technical Report or the Tonopah West Technical Report and, to the knowledge of the Corporation, all information provided to such authors for such purposes is true and accurate and not misleading and was given in good faith. All statements of fact relating to the Corporation and its activities contained in the Silver Cloud Technical Report and the Tonopah West Technical Report are true and accurate in all material respects as of the date thereof and no such fact has been omitted therefrom (or information withheld) the omission of which would make any statement of fact therein misleading. To the knowledge of the Corporation, there have been no material changes to such information since the date of delivery or preparation thereof, except as adequately disclosed in the Prospectus.

(m) Exploration and Development Activities. To the knowledge of the Corporation:

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(i) all assessments or other work required to be performed within the areas covered by the Mining Claims in order to maintain the interests therein of the Corporation and, if applicable, the optionor which currently owns any of such Mining Claims, have been performed to date and the Corporation has complied in all material respects with all applicable Laws in this regard, as well as with regard to legal, contractual obligations to third parties in this regard except for any non-compliance that would not, either individually or in the aggregate, have a Material Adverse Effect;

(ii) there are no expropriations or similar proceedings against any property in which the Corporation has a direct or indirect economic interest or any related mining claim; and

(iii) all exploration and development activities conducted on premises in which the Corporation has a direct or indirect economic interest have been conducted in all respects in accordance with good mining and engineering practices and all applicable workers' compensation and health and safety and workplace Laws have been duly complied with, except where the failure to so conduct operations would not reasonably be expected to have a Material Adverse Effect.

(n) Environmental Laws. To the Corporation's knowledge (i) neither the Corporation nor the Corporation Subsidiary is in violation of any federal, provincial, state, local, municipal or foreign Law or any judicial or administrative interpretation thereof, including any judicial or administrative order, consent decree or judgment, relating to pollution or protection of human health, the environment (including ambient air, surface water, groundwater, land surface or subsurface strata) or wildlife, including Laws relating to the release or threatened release of chemicals, pollutants, contaminants, wastes, toxic substances, hazardous substances, petroleum or petroleum products (collectively, "Hazardous Materials") or to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials (collectively, "Environmental Laws") except where such violations would not be reasonably expected, on an individual or aggregate basis, to have a Material Adverse Effect, (ii) the Corporation and the Corporation Subsidiary have all permits, authorizations and approvals required under any applicable Environmental Laws and are in compliance with their requirements, except where the failure to have such permits, authorizations and approvals would not reasonably be expected, on an individual or aggregate basis, to have a Material Adverse Effect, and (iii) there are no pending or threatened administrative, regulatory or judicial actions, suits, demands, demand letters, claims, Liens, notices of non-compliance or violation, investigation or proceedings relating to any Environmental Laws against the Corporation or the Corporation Subsidiary which, if determined adversely, would reasonably be expected to have a Material Adverse Effect. Other than for ongoing legislative reporting, there are no environmental audits, evaluations, assessments, studies or tests that were commissioned by the Corporation or the Corporation Subsidiary respecting the business, operations, properties or facilities of the Corporation or the Corporation Subsidiary or in which it has a direct or indirect economic interest.

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The Mining Claims are not located in any environmental conservation unit, whether 'full protection units' or 'sustainable use units', nor in their buffer zones, or in Aboriginal protection areas.

There is no tailings dam (or water dam) within the areas covered by the Mining Claims. The Mining Claims are not located within any tailings (or water) dam rescue zones.

(o) Conduct of Business; Possession of Licenses and Permits. Each of the Corporation and the Corporation Subsidiary has conducted and is conducting its business in compliance in all material respects with all applicable Laws of each jurisdiction in which it carries on business. Each of the Corporation and the Corporation Subsidiary possesses such permits, certificates, licenses, approvals, consents and other authorizations (collectively, "Governmental Licenses") issued by the appropriate federal, provincial, state, local or foreign, as applicable, Governmental Authorities necessary to own, lease, stake or maintain the mining rights and property claims and other property interests and to conduct the business now operated, including to conduct exploration at the Corporation's various projects, except where the failure to possess such permits, certificates, licenses, approvals, consents or authorizations would not reasonably be expected to have a Material Adverse Effect. Each of the Corporation and the Corporation Subsidiary is in compliance with the terms and conditions of all such Governmental Licenses, and is not in violation of, or in default under, applicable Laws (including Environmental Laws) of any Governmental Authorities having, asserting or claiming jurisdiction over the Corporation or over any part of the Corporation's operations or assets except where such non-compliance, violation or default would not reasonably be expected to have a Material Adverse Effect. To the knowledge of the Corporation, all of the Governmental Licenses are valid and in full force and effect. Neither the Corporation nor the Corporation Subsidiary has received any notice of proceedings relating to the revocation or modification of any such Governmental Licenses.

(p) Material Contracts. All of the material Contracts of the Corporation and the Corporation Subsidiary (collectively, the "Material Contracts") have been disclosed in the Prospectus or to the Underwriters or the Underwriters' Counsel, and, if required under the Canadian Securities Laws, have been filed at the Corporation's profile on SEDAR+. Neither the Corporation nor the Corporation Subsidiary has received notification from any party claiming that the Corporation is in material breach or default under any Material Contract.

(q) Restrictions on Dividends or Business. There is not, in the constating documents of the Corporation, or in any Contract or other instrument or document to which the Corporation is a party, any restriction upon or impediment to, the declaration or payment of dividends by the directors of the Corporation or the payment of dividends by the Corporation to the holders of its Common Shares. The Corporation Subsidiary is not currently prohibited, directly or indirectly, under any Contract or other instrument to which it is a party or is subject, from paying any dividends to the Corporation, from making any other distribution on the Corporation Subsidiary's outstanding equity securities, from repaying to the Corporation any loans or advances to the Corporation Subsidiary from the Corporation or from transferring any of the Corporation Subsidiary's properties or assets to the

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Corporation. Neither the Corporation nor the Corporation Subsidiary is a party to or bound or affected by any Contract containing any covenant which expressly limits the freedom of the Corporation or the Corporation Subsidiary to compete in any line of business, transfer or move any of its assets or operations or which materially or adversely affects the consolidated business practices, operations or condition of the Corporation, except as disclosed in the Prospectus.

(r) No Material Adverse Effect. Since October 31, 2023, (i) there has been no change in the consolidated condition (financial or otherwise), or in the consolidated properties, capital, affairs, prospects, operations, assets or liabilities of the Corporation, whether or not arising in the ordinary course of business, which would reasonably be expected to give rise to a Material Adverse Effect and except as disclosed in the Prospectus, and (ii) there have been no transactions entered into by the Corporation, other than those in the ordinary course of business, which are material with respect to the Corporation, except as disclosed in the Prospectus.

(s) Absence of Changes. Since October 31, 2023, the Corporation has carried on business in the ordinary course and, except as disclosed in the Prospectus, there has not been:

(i) any material change in the consolidated assets, liabilities or obligations (absolute, accrued, contingent or otherwise), business, business prospects, condition (financial or otherwise) or results of operations of the Corporation, other than those changes occurring in the ordinary course of business, none of which (either singly or taken together) has had or would reasonably be expected to have a Material Adverse Effect;

(ii) except as contemplated in this Agreement, any material change in the share capital or long-term debt of the Corporation;

(iii) any declaration, setting aside or payment of any dividend or other distribution with respect to any shares in the capital of the Corporation or any direct or indirect redemption, purchase or other acquisition of any shares; or

(iv) any change in accounting or tax practices followed by the Corporation.

(t) Absence of Proceedings. To the Corporation's knowledge, there is no action, suit, proceeding, inquiry or investigation before or brought by any court or other Governmental Authority, domestic or foreign, now pending or, to the knowledge of the Corporation, threatened against or affecting the Corporation or the Corporation Subsidiary which has not been disclosed in the Prospectus, or which if determined adversely would reasonably be expected to have a Material Adverse Effect, or which, if determined adversely, would reasonably be expected to materially adversely affect the consummation of the transactions contemplated in this Agreement or the performance by the Corporation of its obligations hereunder or under any of the Ancillary Documents.

(u) Outstanding Judgements. There is no outstanding judgement, order, decree, arbitral award or decision of any court, tribunal or other Governmental Authority against the Corporation or the Corporation Subsidiary.

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(v) No Insolvency. Neither the Corporation nor the Corporation Subsidiary has committed an act of bankruptcy or sought protection from its creditors from any court or pursuant to any Law, proposed a compromise or arrangement to its creditors generally, taken any proceeding with respect to a compromise or arrangement, taken any proceeding to have itself declared bankrupt or wound up, as the case may be, taken any proceeding to have a receiver appointed of any part of its assets, had any encumbrancer or receiver take possession of any of its property, had an execution or distress become enforceable or levied upon any portion of its property or had any petition for a receiving order in bankruptcy or application for a bankruptcy order filed against it, and at the Time of Closing, neither the Corporation nor the Corporation Subsidiary will be an insolvent person (as that term is defined in the Bankruptcy and Insolvency Act (Canada)).

(w) Unlawful Payment. To the knowledge of the Corporation, neither the Corporation or the Corporation Subsidiary, nor any of their respective employees or agents, has made any unlawful contribution or other payment to any person holding, or candidate for, any federal, state, provincial or other public office, Canadian or foreign, or failed to disclose fully any contribution, in violation of any Law, or made any payment, to any federal, state, provincial or other governmental officer or official, Canadian or foreign, or other person charged with similar public or quasi-public duties, other than payments required or permitted by applicable Laws. Without limiting the generality of the foregoing, to the knowledge of the Corporation, neither the Corporation or the Corporation Subsidiary nor any of their respective employees or agents has violated FCPA Legislation.

(x) Brokerage Fees. Other than the Underwriters or as otherwise been agreed to with the Underwriters prior to the date of this Agreement, there is no person acting or, to the knowledge of the Corporation, purporting to act at the request of the Corporation, who is entitled to any brokerage or finder's fees in connection with the Offering.

(y) Authorization of Documents, etc. This Agreement has been, and at the Time of Closing each of the Ancillary Documents, and the transactions contemplated herein and therein, will have been duly authorized, executed and delivered by the Corporation and, in each case, will be a legal, valid and binding obligation of, and be enforceable against, the Corporation in accordance with its terms (subject to the Enforceability Qualifications). All corporate action required to be taken by the Corporation for the authorization, issuance, sale and delivery of the Unit Securities, Warrant Shares, Broker Warrants and Broker Warrant Shares, has been validly taken at the date hereof or will have been taken by the Closing Date. The Corporation has the necessary corporate power and authority to execute, deliver and file the Prospectus Supplement and, prior to the filing of the Prospectus Supplement, all requisite action will have been taken by the Corporation to authorize the execution, delivery and filing of the Prospectus Supplement.

(z) No Default of Securities Laws. The Corporation is not in default of any requirement of Securities Laws which would reasonably be expected to have a Material Adverse Effect on the Offering or the Corporation.

(aa) Disclosure. All information which has been prepared or compiled by the Corporation relating to the Corporation, the Corporation Subsidiary and their

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businesses, properties and liabilities, and either disclosed in the Prospectus, filed on SEDAR+ or provided to the Underwriters or Underwriters' Counsel, including all financial, marketing, sales, technical mining and operational information, is as of the date of such information, true and correct in all material respects, and no material fact or facts have been omitted therefrom which would make such information misleading. In addition, the Corporation has filed all material documents required to be filed by it under Canadian Securities Laws and the documents filed by the Corporation constituting the Corporation's Information Record did not contain a misrepresentation at the time of their filing on SEDAR+.

(bb) No Default. Neither the Corporation nor the Corporation Subsidiary, is in default of any material term, covenant or condition under or in respect of any judgment, order, agreement or instrument to which it is a party or to which it or any of the material property or assets (including any royalty or interest therein) thereof are or may be subject, and, to the knowledge of the Corporation, no event has occurred and is continuing, and no circumstance exists which has not been waived, which constitutes a default in respect of any Contract to which the Corporation or the Corporation Subsidiary, is a party or by which any of them is otherwise bound entitling any other party thereto to accelerate the maturity of any amount owing thereunder or which could reasonably be expected to have a Material Adverse Effect.

(cc) Voting Agreements. The Corporation is not party to any agreement, nor is the Corporation aware of any agreement, which in any manner affects the voting control of any of the securities of the Corporation or the Corporation Subsidiary.

(dd) Shareholder Agreements. Neither the Corporation nor, to the knowledge of the Corporation, any shareholder of the Corporation is a party to any shareholders agreement, pooling agreement, voting trust or other similar type of arrangements in respect of outstanding securities of the Corporation.

(ee) Interest of Insiders; Conflicts. Other than as disclosed in the Prospectus or the Corporation's Information Record, to the knowledge of the Corporation:

(i) none of the directors, officers or employees of the Corporation or the Corporation Subsidiary, any known holder of more than 10% of any class of shares of the Corporation, or any known associate or affiliate of any of the foregoing persons (as such terms are defined in the Securities Act (Ontario)), has had any material interest, direct or indirect, in any material transaction within the previous two years or has any material interest in any proposed material transaction involving the Corporation or the Corporation Subsidiary which, as the case may be, materially affected, is material to or will materially affect the Corporation or the Corporation Subsidiary, take as a whole;

(ii) no officer, director or employee of the Corporation or the Corporation Subsidiary, and no person which is an affiliate or associate of one or more of the foregoing, owns, directly or indirectly, any interest in (except for shares representing less than 10% of the outstanding shares of any class or series of any publicly traded company), or is an officer, director, employee or consultant of any person which is, or is engaged in, a business

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competitive with the Corporation or the Corporation Subsidiary, as applicable, which in either case, materially adversely impacts, or would reasonably be expected to materially and adversely impact, on their ability to duly and properly perform their services;

(iii) no officer, director or employee of the Corporation or the Corporation Subsidiary has any cause of action or other claim whatsoever against, or owes any amount to, the Corporation or the Corporation Subsidiary, as applicable, in connection with its business except for claims in the ordinary and normal course of the business such as for accrued vacation pay or other amounts or matters which would not be material to the Corporation on a consolidated basis; and

(iv) neither the Corporation nor the Corporation Subsidiary owes any monies to, has any present loans to, or borrowed any monies from or is otherwise indebted to, any officer, director, employee or any person not dealing at "arm's length" (as such term is defined in the Tax Act) with any of them except for usual employee reimbursements and compensation paid in the ordinary and normal course of its business. To the knowledge of the Corporation, except as adequately disclosed in the Corporation's Information Record and usual employee or consulting arrangements made in the ordinary and normal course of business, neither the Corporation nor the Corporation Subsidiary is a party to any Contract or understanding with any officer, director, employee or any other person not dealing at arm's length with them.

(ff) Executive Compensation. Except as disclosed by the Corporation to the Underwriters, the directors and executive officers of the Corporation and the Corporation Subsidiary who are NEOs and their compensation arrangements (as applicable) with the Corporation and the Corporation Subsidiary, as applicable, whether as directors, officers or employees are, in all material respects, as disclosed in the Corporation's Information Record.

(gg) Interest in Revenues. Except as adequately disclosed in the Corporation's Information Record, no officer, director, employee or any other person not dealing at arm's length with the Corporation (within the meaning of the Tax Act), or to the knowledge of the Corporation, any associate or affiliate of such person, owns, has or is entitled to any royalty, net profits interest, carried interest, licensing fee, or any other Liens or claims of any nature whatsoever which are based on the revenues, profits, results of mineral project exploitation or other economic measure of the Corporation.

(hh) Employees. All material employment agreements, severance agreements and change of control agreements in respect of any NEOs, and all Employee Plans have been, in all material respects, disclosed in the Corporation's Information Record in accordance with applicable Laws. The Corporation and the Corporation Subsidiary is in material compliance with all Laws respecting employment and employment practices, terms and conditions of employment, occupational health and safety, pay equity and wages, and there is not currently any labour disruption or conflict involving the Corporation or the Corporation Subsidiary. Neither the Corporation nor the Corporation Subsidiary is a party to a collective bargaining

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agreement. To the best of the Corporation's knowledge, there are no union organizing efforts being made at the Corporation or the Corporation Subsidiary.

(ii) Employee Plans. Each material plan, if any, for retirement, bonus, stock purchase, profit sharing, stock option, deferred compensation, severance or termination pay, insurance, medical, hospital, dental, vision care, drug, sick leave, disability, salary continuation, legal benefits, unemployment benefits, vacation, incentive or otherwise contributed to or required to be contributed to, by the Corporation or the Corporation Subsidiary for the benefit of any current or former director, officer, employee or consultant (collectively, the "Employee Plans") has been maintained in material compliance with its terms and with the requirements prescribed by any and all Laws that are applicable to such Employee Plan. Neither the Corporation nor the Corporation Subsidiary has or has had any pension plan (as such term is defined in the relevant legislation of the applicable jurisdiction). All material accruals for unpaid vacation pay, premiums for unemployment insurance, health premiums, federal or provincial pension plan premiums, accrued wages, salaries and commissions and Employee Plan payments have been reflected in the books and records of the Corporation and the Corporation Subsidiary.

(jj) Indebtedness. Neither the Corporation nor the Corporation Subsidiary has guaranteed or otherwise given security for or agreed to guarantee or give security for any liability, debt or obligation of any other person.

(kk) Insurance. The properties and assets in which the Corporation or the Corporation Subsidiary has a direct or indirect economic interest are insured against loss or damage with responsible insurers on a basis consistent with insurance obtained by reasonably prudent participants in comparable businesses, and such coverage is in full force and effect, and the terms of any policies in respect thereof have not been breached and the insured has not failed to promptly give any notice or present any material claim thereunder.

(II) Taxes. All tax returns, reports, elections, remittances and payments of the Corporation and, to the knowledge of the Corporation, the Corporation Subsidiary, required by applicable Law to have been filed or made in any applicable jurisdiction, have been filed or made (as the case may be), and are substantially true, complete and correct, and all taxes of the Corporation and to the knowledge of the Corporation, the Corporation Subsidiary, have been paid or accrued in the Financial Information (except in any case in which the failure to file, pay or accrue such taxes would not result in a Material Adverse Effect).

(mm) Reporting Issuer. The Corporation is, and will at the Time of Closing be, a "reporting issuer" (or its equivalent) in each of the provinces and territories of Canada, other than Québec, and is not in default of any requirement of Canadian Securities Laws. The Corporation has made timely disclosure of all material changes relating to it and no such disclosure has been made on a confidential basis and there is no material change relating to the Corporation which has occurred with respect to which the requisite material change statement has not been filed.

(nn) Accounting Controls. The Corporation and the Corporation Subsidiary maintain, and will maintain, a system of internal accounting controls sufficient to provide

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reasonable assurance that (i) transactions are executed in accordance with management's general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with IFRS and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management's general or specific authorization, and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.

(oo) Mining Claims. The material mining licenses, claims, leases and other mineral property rights in respect of the Projects (collectively, the "Mining Claims") are set forth on Schedule "A", which schedule is a complete and accurate list of all such rights held by the Corporation and the Corporation Subsidiary. All such Mining Claims are validly held by the Corporation or the Corporation Subsidiary, either directly or under valid and binding option interest which are described in the Prospectus (subject to the qualifications to be set out in the Silver Cloud Title Opinion and the Tonopah West Title Opinion). Such Mining Claims are free and clear of any material Liens and no material royalty is payable in respect of any of them, except as described in Schedule "A" or adequately disclosed in the Prospectus. Except as adequately disclosed in the Prospectus, no other mineral or property rights are necessary for the conduct of the Corporation's business as presently conducted and as contemplated in the Prospectus; and there are no material restrictions on the ability of the Corporation to use, access, transfer or otherwise explore or exploit any such mineral or property rights except as required by applicable Law and as adequately disclosed in the Prospectus. Except as adequately disclosed in the Prospectus, and except in respect of permits to be obtained in the ordinary course that are reasonably expected to be received by the Corporation in a timely fashion, the Corporation beneficially and legally owns 100% of the Mining Claims necessary to carry on its current and proposed exploration and exploitation activities. In respect of all such Mining Claims:

(i) neither the Corporation nor the Corporation Subsidiary has received or has knowledge of there having been issued any notice of default of any of the terms or provisions of the Mining Claims;

(ii) the execution, delivery and performance of this Agreement and the Ancillary Documents by the Corporation, and the consummation of the transactions contemplated herein, will not cause a default or termination, or give rise to the right of termination, or rights of first refusal or other preemptive rights under any of the Mining Claims (or any option thereof of the Corporation or the Corporation Subsidiary);

(iii) all exploration permits, leases, concessions, licenses and mining claim payments, rentals, taxes, rates, assessments, renewal fees and other governmental charges owing in respect of the Mining Claims have been paid in full up to the date of this Agreement except as would not have a Material Adverse Effect;

(iv) the Mining Claims are in good standing in all material respects with respect to the performance of all material obligations required under applicable Law (including the performance of all required exploration and exploitation work,

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the performance of all minimum assessment work and the timely filing of any reports, applications and further documents) and the condition of any related surface rights is in compliance with all Laws and all orders of all Governmental Authorities having jurisdiction, including in respect of any material Environmental Laws; and

(v) there is no actual or, to the knowledge of the Corporation, threatened adverse claim against, or challenge to, the ownership of, or title to, the Mining Claims.

(pp) Aboriginal Claims. To the knowledge of the Corporation, there are no claims with respect to Aboriginal rights currently, or pending or threatened, with respect to any of the Projects or in respect of any other properties in which the Corporation has a direct or indirect economic interest.

(qq) No Cease Trade Orders. No Securities Commission in any jurisdiction has issued any order which is currently outstanding preventing or suspending trading in any securities of the Corporation, no such proceeding is, to the knowledge of the Corporation, pending, contemplated or threatened, and the Corporation is not in default of any requirement of Canadian Securities Laws, except such as would not have or would not reasonably be expected to have a Material Adverse Effect.

(rr) Stock Exchange Listing. The Corporation is in compliance in all material respects with the current listing requirements and all other applicable rules and regulations of the Exchange and has not taken any action which would be reasonably expected to result in the delisting or suspension of the Common Shares on or from the Exchange.

(ss) Transfer Agent and Registrar. Computershare Trust Company of Canada, at its principal offices in Vancouver, British Columbia, has been duly appointed as the transfer agent and registrar for the Common Shares.

(tt) Money Laundering Laws. The operations of the Corporation and the Corporation Subsidiary are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements of the money laundering Laws of all relevant jurisdictions, the rules and regulations thereunder and any related Laws issued, administered or enforced by any Governmental Authority (collectively, the "Money Laundering Laws"), and no action, suit or proceeding by or before any court or other Governmental Authority or any arbitrator non-Governmental Authority involving the Corporation or the Corporation Subsidiary with respect to the Money Laundering Laws is, to the best knowledge of the Corporation, pending or threatened.

(uu) No Pending Changes to Law, etc. The Corporation (without due inquiry) is not aware of any pending change or contemplated change to any applicable Law that could reasonably be expected to materially affect the business of the Corporation or the business or legal environment under which the Corporation or the Corporation Subsidiary operates.

(vv) Corporate Records. The minute books and corporate records of the Corporation made or to be made available to the Underwriters' Counsel in connection with the

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Underwriters' due diligence investigations of the Corporation for the period from its date of incorporation to the date of examination thereof, are the original minute books and records of the Corporation or true copies thereof and contain copies of all proceedings (or certified copies thereof) of the shareholders, the boards of directors and all committees of the boards of directors of the Corporation and there have been no other proceedings of the shareholders, boards of directors or any committee of the boards of directors of the Corporation that are required to be included in such minute books and records to the date of review of such corporate records and minute books not reflected in such minute books and corporate and other records other than those which have been disclosed to the Underwriters in writing and those which are or are not material in the context of the Corporation.

ARTICLE 4- ADDITIONAL COVENANTS OF THE CORPORATION

4.1 The Corporation hereby further covenants to and with the Underwriters, on their own behalf and on behalf of the purchasers, as follows:

(a) the Corporation will fulfil all legal requirements to permit the creation, issuance, offering and sale of the Unit Securities, Warrant Shares, Broker Warrants and Broker Warrant Shares, all as contemplated in this Agreement and the Prospectus, and file or cause to be filed all documents, applications, forms or undertakings required to be filed by the Corporation and take or cause to be taken all action required to be taken by the Corporation in connection with the Offering;

(b) the Corporation will make all necessary filings, use its commercially reasonable efforts to obtain all necessary regulatory consents and approvals, including approvals required by the Securities Laws and the Exchange, and the Corporation will pay all filing fees required to be paid in connection with the transactions contemplated in this Agreement and the Ancillary Documents;

(c) the Corporation will use its commercially reasonable efforts to maintain its status as a "reporting issuer" (or the equivalent thereof) not in default of the requirements of the securities laws in each of the provinces and territories of Canada (other than Québec) until the date that is two years following the Closing Date, provided that the Company shall not be required to comply with this covenant following the completion, in accordance with applicable Laws, of a merger, amalgamation, arrangement, business combination, take-over bid, acquisition or similar transaction pursuant to which the Corporation ceases to be a "reporting issuer" (or the equivalent thereof) in any of the provinces and territories of Canada.

(d) the Corporation will use its commercially reasonable efforts to maintain the listing of the Common Shares for trading on the Exchange (or the Toronto Stock Exchange or such other recognized stock exchange or quotation system as RJL, on behalf of the Underwriters, may approve, acting reasonably), provided that the Company shall not be required to comply with this covenant following the completion, in accordance with applicable Laws, of a merger, amalgamation, arrangement, business combination, take-over bid, acquisition or similar transaction pursuant to which the Corporation ceases to be a "reporting issuer" (or the equivalent thereof) in any of the provinces and territories of Canada.

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(e) the Corporation will not, directly or indirectly, without the prior written consent of RJL, on behalf of the Underwriters (such consent not to be unreasonably withheld or delayed), offer, issue, sell, grant, secure, pledge or otherwise transfer, dispose of or monetize, or engage in any hedging transaction, or enter into any form of agreement or arrangement the consequence of which is to alter economic exposure to, or announce any intention to do so, in any manner whatsoever, any Common Shares, or any securities of the Corporation convertible into or exercisable or exchangeable for Common Shares or other equity securities of the Corporation, for a period commencing on the date hereof and ending 90 days after the Closing Date (other than in conjunction with (i) the grant of stock options, restricted share units, deferred share units, preferred share units and other similar issuances (collectively, “Equity Compensation Securities”) pursuant to the Company’s Omnibus Equity Incentive Compensation Plan and other share compensation arrangements; (ii) the exercise of outstanding Equity Compensation Securities and warrants as of the date hereof; (iii) the issuance of securities by the Company in connection with acquisitions in the normal course of business; or (v) to satisfy other existing commitments of the Corporation to issue Common Shares as of the date hereof).

(f) during the period of distribution of the Offered Units, the Corporation will allow the Underwriters (and the Underwriters’ Counsel and consultants) to conduct all due diligence which the Underwriters may reasonably require or which may be considered necessary or appropriate by the Underwriters. The Corporation will provide to the Underwriters (and the Underwriters’ Counsel) reasonable access to the Corporation’s senior management personnel and corporate, financial and other records, for the purposes of conducting such due diligence. Without limiting the scope of the due diligence inquiry that the Underwriters (or the Underwriters’ Counsel) may conduct, the Corporation shall also make available its directors, senior management (including its qualified person(s) for the purposes of NI 43-101), the Chairman of the Audit Committee of its board of directors, the Corporation’s Auditors, the authors of the Silver Cloud Technical Report and the Tonopah West Technical Report, and the Corporation’s Counsel to answer any questions which the Underwriters may have and to participate in one or more due diligence sessions to be held prior to Closing and to use its commercially reasonable efforts to arrange for the Corporation’s Auditors and any authors of such technical reports to participate in any such due diligence session;

(g) the Corporation shall ensure that the Unit Securities, Warrant Shares, Broker Warrants and Broker Warrant Shares have the attributes corresponding in all material respects to the description thereof set forth in, as applicable, this Agreement and the Prospectus;

(h) during the period of distribution of the Offered Units, the Corporation will promptly inform the Underwriters of the full particulars of any request of any Securities Commission or the Exchange for any information, or the receipt by the Corporation of any communication from any Securities Commission, the Exchange or any other competent Governmental Authority relating to the Corporation or which may be relevant to the distribution of the Offered Units. Without limiting the foregoing, the Corporation will advise the Underwriters, promptly after receiving notice or obtaining knowledge thereof, of:

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(i) the institution, threatening or contemplation of any proceeding for any such purpose; or

(ii) any order, ruling, or determination having the effect of suspending the sale or ceasing the trading in any securities of the Corporation (including the Offered Units) having been issued by any Securities Commission or the institution, threatening or contemplation of any proceeding for any such purposes;

(i) during the period of distribution of the Offered Units, the Corporation will promptly inform the Underwriters of the full particulars of:

(i) any material change (whether actual, anticipated, threatened, contemplated, or proposed by, to, or against), whether financial or otherwise, in the assets, liabilities (contingent or otherwise), business, affairs, operations, assets, financial condition or capital of the Corporation; or

(ii) any change in any material fact or any misstatement of any material fact contained in the Corporation's Information Record,

which change or new material fact is, or could reasonably be expected to be, of such a nature as:

(i) to render this Agreement or any of the Ancillary Documents, as they exist taken together in their entirety immediately prior to such change or new material fact, misleading or untrue in any material respect or would result in any of such documents, as they exist taken together in their entirety immediately prior to such change or material fact, containing a misrepresentation;

(ii) would result in this Agreement or any of the Ancillary Documents, as they exist taken together in their entirety immediately prior to such change or material fact, not complying with any Securities Laws; or

(iii) would reasonably be expected to have a material and adverse effect on the market price or value of the Common Shares or constitute a Material Adverse Effect.

In such regard to "material changes", the Corporation will comply with Part 7 of NI 51-102, and the Corporation will prepare and will file promptly any document which may be necessary, and will otherwise comply with all applicable filing and other requirements under Securities Laws arising as a result of such fact or change; and

During the period of distribution of the Offered Units, the Corporation will promptly, and in any event within any applicable time limitation, comply with all applicable filings and other requirements under Canadian Securities Laws as a result of such fact or change; provided that the Corporation will not file any Supplementary Material or other document without first providing a copy to and obtaining the approval of the Underwriters, which approval will not be unreasonably withheld or delayed, and will otherwise comply with all legal requirements necessary to

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continue to qualify the Offered Units for distribution in the Qualifying Jurisdictions; it being understood that any such approval will not constitute a waiver of the conditions set forth in Article 6. Prior to the filing of such Supplementary Material, the Corporation will provide to the Underwriters and the Underwriters' Counsel reasonable access during normal business hours, to the officers, employees, authors of technical reports and other qualified persons for purposes of NI 43-101, facilities, books and records of the Corporation and the Corporation Subsidiary in order to conduct all due diligence which the Underwriters may reasonably require to conduct in order to fulfill their obligations as agent and in order to enable the Underwriter to execute any certificates required to be executed by the Underwriter in the Supplementary Material.

(j) If at any time during the period of distribution of the Offered Units, any event referred to in Sections 4.1(i)(i) and 4.1(i)(ii) will have occurred as a result of which it is necessary in the opinion of the Underwriters' Counsel or the Corporation, acting reasonably, to file any Supplementary Material, the Corporation will prepare and file promptly with the Canadian Securities Regulators and deliver to the Underwriters any Supplementary Materials which, in the opinion of the Underwriters' Counsel or the Corporation, acting reasonably, may be necessary or advisable in order to ensure that the Prospectus or any Supplementary Material does not contain any misrepresentation or untrue statement of a material fact or omission of a material fact for the purposes of Canadian Securities Laws.

(k) During the period of distribution of the Offered Units, the Corporation will advise the Underwriters promptly after receiving notice or obtaining knowledge thereof, of:

(i) the time when any Supplementary Material has been filed;

(ii) any request of any Canadian Securities Regulator for any Supplementary Material or for any additional information;

(iii) the issuance by any Canadian Securities Regulator or other regulatory authority of any cease trading order relating to the Offered Units or other securities of the Corporation or the Corporation Subsidiary, or the institution or threat of institution of any proceedings for that purpose; and

(iv) the receipt by the Corporation of any communication from any Canadian Securities Regulator or other regulatory authority relating to the Prospectus, any Supplementary Material or the Offering.

ARTICLE 5 - CONDITIONS TO PURCHASE OBLIGATION

5.1 The following are conditions of the Underwriters' obligations to purchase the Offered Units:

(a) the Corporation's board of directors will have authorized and approved (i) this Agreement and the Ancillary Documents, (ii) the issuance of the Offered Units and the Broker Warrants, and (iii) all matters relating to the foregoing;

(b) the Corporation will have made and/or obtained the necessary filings, approvals, consents and acceptances of the appropriate regulatory authorities in the

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Qualifying Jurisdictions and the Exchange Approval, on terms which are acceptable to the Corporation and the Underwriters, each acting reasonably, it being understood that the Underwriters will do all that is reasonably required to assist the Corporation to fulfil this condition;

(c) the Unit Shares, Warrant Shares and Broker Warrant Shares will have been conditionally accepted for listing on the Exchange (subject only to the usual conditions of the Exchange);

(d) the representations and warranties of the Corporation contained in this Agreement and the Ancillary Documents are true and correct in all material respects (or, if qualified by materiality, in all respects) as at the Time of Closing, with the same force and effect as if made on and as at the Time of Closing, except for such representations and warranties which are in respect of a specific date in which case such representations and warranties will be true and correct, in all material respects (or, if qualified by materiality, in all respects), as of such date, after giving effect to the transactions contemplated by this Agreement, and the Corporation will have complied with all the covenants and satisfied all the terms and conditions of this Agreement to be complied with and satisfied by the Corporation at or prior to the Time of Closing;

(e) The Corporation having caused the Corporation's Auditors to deliver to the Underwriters a comfort letter, dated the Closing Date or the Over-Allotment Closing Date, as applicable, in form and substance satisfactory to the Underwriters, acting reasonably, bringing forward to the date which is two Business Days prior to the Closing Date or the Over-Allotment Closing Date, as applicable, the information contained in the comfort letter referred to in Section 2.6; which, for certainty, will be a "long-form" comfort letter dated the date of the Closing Date or the Over-Allotment Closing Date, as applicable, in the event that the financial statements contained within the Documents Incorporated by Reference have changed since the date of the previous "long-form" comfort letter delivered pursuant to Section 2.6, as applicable;

(f) at the Time of Closing, the Corporation will have caused a favourable legal opinion to be delivered by its counsel addressed to the Underwriters with respect to such matters as the Underwriters may reasonably request relating to this transaction, acceptable in all reasonable respects to the Underwriters' Counsel, including substantially to the effect that:

(i) the Corporation has been formed and is validly subsisting under the laws of its jurisdiction of formation and has all requisite corporate power, authority and capacity to carry on its business and to own, lease and operate its properties and assets and to perform its obligations hereunder;

(ii) the Corporation has the corporate capacity and power to execute and deliver this Agreement and the Ancillary Documents and to perform its obligations hereunder and thereunder;

(iii) this Agreement and the Ancillary Documents have been duly authorized, executed and delivered by the Corporation and are legally binding upon the Corporation and enforceable in accordance with their respective terms

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(subject to the Enforceability Qualifications and such other qualifications as are customary in such circumstances);

(iv) all necessary corporate action has been taken by the Corporation to authorize the execution and delivery of this Agreement and the Ancillary Documents, and the performance of its obligations hereunder and thereunder and this Agreement and the Ancillary Documents have been duly executed and delivered by the Corporation;

(v) as to the authorized and issued capital of the Corporation (which opinion shall be based solely on a certificate of the transfer agent of the Corporation);

(vi) the Unit Securities, when issued (upon receipt by the Corporation of the full consideration therefor) will have been duly and validly issued (in the case of the Unit Shares, as fully paid and non-assessable Common Shares);

(vii) upon exercise of the Warrants, including receipt by the Corporation of the full consideration therefor, the Warrant Shares will have been duly and validly issued as fully paid and non-assessable Common Shares;

(viii) upon exercise of the Broker Warrants, when issued and upon receipt by the Corporation of the full consideration therefor, the Broker Warrant Shares will have been duly and validly issued as fully paid and non-assessable Common Shares;

(ix) the Exchange having accepted notice of the issuance of the Unit Securities and the Broker Warrants, and having conditionally approved the listing of the Unit Shares, the Warrant Shares and the Broker Warrant Shares, subject to the usual post-closing filings (which opinion shall be based solely on the Exchange Approval letter);

(x) the execution and delivery of this Agreement and the Ancillary Documents, the fulfilment of the terms hereof and thereof, the issue, sale and delivery on the Closing Date of the Offered Units and the Broker Warrants do not constitute a default under, any applicable Laws or any term or provision of the Corporation's constating documents;

(xi) all necessary corporate action has been taken by the Corporation to authorize the execution and delivery of each of the Base Shelf Prospectus, the Prospectus Supplement and any Supplementary Material and the filing thereof with the Securities Commissions;

(xii) the Corporation being a reporting issuer (or the equivalent) under the Canadian Securities Laws, and not being included on a list of defaulting issuers maintained by the Securities Commissions;

(xiii) that the summary under the heading "Certain Canadian Federal Income Tax Considerations" in the Prospectus Supplement is a fair and adequate summary of the principal Canadian federal income tax considerations generally applicable to the acquisition, holding and disposition of the

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Offered Units, subject to the qualifications, assumptions, limitations and understandings set out in such summary;

(xiv) confirming the statements under the heading "Eligibility for Investment" in the Prospectus Supplement, subject to the qualifications, assumptions and limitations set out under such heading; and

(xv) such other matters as the Underwriters or the Underwriters' Counsel may reasonably request.

In giving such opinions, the Corporation's Counsel will be entitled to arrange for and rely, to the extent appropriate in the circumstances, upon local counsel, it being understood that certain of the opinions which are not matters of British Columbia law may be opined upon directly by local counsel, and that the Corporation's Counsel will not be required to also give such opinions, and will be entitled as to matters of fact not within their knowledge to rely upon a certificate of fact from public officials and/or responsible persons in a position to have knowledge of such facts and their accuracy, and such opinion will be subject to customary qualifications, assumptions, exceptions and reliances. The Corporation agrees, and the aforesaid legal opinion will expressly provide, that the Underwriters may deliver copies of the opinion to each of the addressees thereof;

(g) the Underwriters will have received legal opinions, dated the Closing Date and addressed to the Underwriters, from the Corporation's Counsel and/or other special counsel engaged by the Corporation, in forms and substance acceptable to the Underwriters and the Underwriters' Counsel, acting reasonably, as to (i) the title and ownership interests of the Corporation in the Silver Cloud Project (the "Silver Cloud Title Opinion") and the registered Liens thereon; and (ii) the title and ownership interests of the Corporation in the Tonopah West Project (the "Tonopah West Title Opinion") and the registered Liens thereon;

(h) the Underwriters will have received legal opinions, dated the Closing Date or the Over-Allotment Closing Date, as applicable, and addressed to the Underwriters, from the Corporation's Counsel and/or other special counsel engaged by the Corporation, in forms and substance acceptable to the Underwriters and the Underwriters' Counsel, acting reasonably, as to (i) the incorporation and existence of the Corporation Subsidiary; (ii) the Corporation Subsidiary having the requisite corporate power and capacity to own and lease its properties and assets and to carry on its business, and (iii) the registered ownership of the issued and outstanding shares of the Corporation Subsidiary;

(i) if any Offered Units are offered and sold in the United States or to, or for the account or benefit of, U.S. Persons, the Underwriters shall have received at the Time of Closing a favourable legal opinion addressed to the Underwriters dated as of the Closing Date or Over-Allotment Closing Date, as applicable, from Dorsey & Whitney LLP as United States counsel to the Corporation, to the effect that it is not necessary in connection with (i) the offer and resale of the Offered Units by the Underwriters in the United States or to, or for the account or benefit of, U.S. Persons or (i) the offer by the Underwriters and sale of the Offered Units directly by the Company on a substituted purchaser basis in the United States or to, or for the account or benefit of, U.S. Persons to register the Offered Units, including the

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Unit Securities comprising the Offered Units, under the U.S. Securities Act, it being understood that no opinion is expressed as to any subsequent resale of any Unit Shares and Warrants;

(j) the Underwriters will have received a certificate dated the Closing Date or the Over-Allotment Closing Date, as applicable, signed by the Chief Executive Officer of the Corporation, the Chief Financial Officer of the Corporation or another officer or director acceptable to the Underwriters, acting reasonably,, in form and substance acceptable to Underwriters with respect to:

(i) the constating documents of the Corporation;

(ii) the resolutions of the directors of the Corporation relevant to the Offering, the Offered Units, the Broker Warrants and the authorization of this Agreement and the Ancillary Documents; and

(iii) the incumbency and signatures of signing officers of the Corporation;

(k) the Underwriters will have received certificates of status and/or compliance (or the equivalent) for the Corporation and the Corporation Subsidiary dated within two days of the Closing Date or the Over-Allotment Closing Date, as applicable, or such other reasonable period as may be dictated by local requirements;

(l) the Corporation will have delivered to the Underwriters a certificate dated the Closing Date or the Over-Allotment Closing Date, as applicable, and signed by the Chief Executive Officer of the Corporation, the Chief Financial Officer of the Corporation or another officer or director acceptable to the Underwriters, acting reasonably, certifying for and on behalf of the Corporation, and not in their personal capacity, with respect to the following matters:

(i) the representations and warranties of the Corporation contained in this Agreement are true and correct in all material respects (or, if qualified by materiality, in all respects) as at the Time of Closing, with the same force and effect as if made on and as at the Time of Closing, except for such representations and warranties which are in respect of a specific date in which case such representations and warranties were true and correct, in all material respects (or, if qualified by materiality, in all respects), as of such date, after giving effect to the transactions contemplated by this Agreement;

(ii) the Corporation having complied with all the covenants and satisfied all the terms and conditions of this Agreement to be complied with and satisfied by the Corporation at or prior to the Time of Closing;

(iii) no order, ruling or determination having the effect of ceasing or suspending trading in any securities of the Corporation or prohibiting the sale of the Offered Units or any of the Corporation's issued securities having been issued or, to the knowledge of such officers, threatened; and

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(iv) there having not occurred a Material Adverse Effect, or any change or development that would reasonably be expected to result in a Material Adverse Effect;

(m) the Corporation will have used commercially reasonable efforts to have caused each of the directors and senior officers of the Corporation to enter into lock-up agreements in a form satisfactory to the Corporation and the Underwriter, each acting reasonably, which will be negotiated in good faith and contain customary provisions, pursuant to which each such person agrees, for a period of 90 days after the Closing Date, not to, directly or indirectly, offer, sell, contract to sell, lend, swap, or enter into any other agreement to transfer the economic consequences of, or otherwise dispose of or deal with, or engage in any hedging transaction, or enter into any form of agreement or arrangement the consequence of which is to alter economic exposure to, or publicly announce any intention to offer, sell, contract to sell, grant or sell any option to purchase, hypothecate, pledge, transfer, assign, purchase any option or contract to sell, lend, swap or enter into any agreement to transfer the economic consequences of, or otherwise dispose of or deal with, in any manner whatsoever, whether through the facilities of a stock exchange, by private placement or otherwise, securities of the Corporation held by them, directly or indirectly, without prior consent of RJL, which consent will not be unreasonably withheld or delayed, provided that RJL's consent shall not be required in connection with (i) the exercise of outstanding Equity Compensation Securities and warrants outstanding as of the date hereof; (ii) transfers among a shareholder's affiliates for tax or other planning purposes; or (iii) in order to accept a bona fide take-over bid made to all securityholders of the Corporation or similar business combination transaction.

(n) at the Time of Closing, the Corporation will not be the subject of a cease trading order made by any Securities Commission which has not been rescinded;

(o) prior to the Time of Closing, the Underwriters, Underwriters' Counsel and the Underwriters' technical consultants will have been provided with timely access to all information reasonably required to permit them to conduct a due diligence investigation of the Corporation and its consolidated business operations, properties, assets, affairs, prospects and financial condition, including access to management of the Corporation (including its qualified person(s) for purposes of NI 43-101), the Corporation's Auditors, the authors of the Silver Cloud Technical Report and the Tonopah West Technical Report, and the Corporation's Counsel in connection with one or more due diligence sessions to be held prior to the Time of Closing; and

(p) the Underwriters not having exercised any rights of termination set out in Article 8.

ARTICLE 6- CLOSING

6.1 The Closing will be held electronically at the offices of the Corporation's Counsel in the City of Vancouver, British Columbia at the Time of Closing or such other place, date or time as the Underwriters may determine; provided that if the Corporation has not been able to comply with any of the covenants or conditions set out herein required to be complied with by the Time of Closing or such other date and time as may be mutually agreed to, the respective obligations of the parties will terminate without further liability or

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obligation except for payment of expenses in accordance with Article 11, indemnity in accordance with Article 9, and contribution in accordance with Article 10.

6.2 At the Time of Closing, the Corporation will deliver to the Underwriters:

(a) certificates representing the Offered Securities (or, if so requested by the Underwriters, electronic deposit of the Offered Securities in the manner so requested), duly registered as the Underwriters may direct; and

(b) the requisite legal opinions and certificates as contemplated in Section 5.1,

against payment of the purchase price for the Offered Securities being purchased through an Underwriter by wire transfer or by certified cheque or bank draft and other documentation required to be provided by or on behalf of the Underwriters pursuant to this Agreement or as may be required by Securities Laws or the rules of the Exchange.

6.3 The Corporation will, at the Time of Closing, and upon such payment of the purchase price for the Offered Units, pay the Underwriting Fee and issue the Broker Warrants. At the Time of Closing the Corporation will reimburse the Underwriters for all of their reasonable estimated expenses incurred up to the Closing Date, including the reasonable fees and disbursements of the Underwriters' Counsel (up to the maximum set out in Section 11.1), subject to any adjustment when such actual expenses are finally determined, in accordance with Article 11 hereof.

6.4 It is understood that the Underwriters may waive in whole or in part, or extend the time for compliance with, any of the terms and conditions of this Agreement on behalf of the Underwriters without prejudice to their rights in respect of any such terms and conditions or any other subsequent breach or non-compliance; provided that to be binding on the Underwriters, any such waiver or extension must be in writing.

ARTICLE 7– COMPENSATION OF THE UNDERWRITERS

7.1 In consideration for the Underwriters' services in arranging for the sale of the Offered Units and performing administrative work in connection with the sales of the Offered Units, the Corporation will pay to the Underwriters at the Time of Closing a cash commission (the "Underwriting Fee") equal to 6.0% of the aggregate gross proceeds of the Offered Units (or any Over-Allotment Shares or Over-Allotment Warrants sold pursuant to exercise of the Over-Allotment Option) sold pursuant to the Offering, provided that the Underwriting Fee will be reduced to 3.0% of the gross proceeds from the sales of Offered Units to purchases included on a list of eligible purchasers known to the Corporation for the Offering, which are allocated as part of the Offering (the "President's List").

7.2 As additional compensation for the services described in Section 7.1, the Corporation will grant to the Underwriters such number of broker warrants (the "Broker Warrants") as is equal to 6.0% of the aggregate number of Offered Units sold pursuant to the Offering. Each Broker Warrant will entitle the holder to acquire one Common Share at an exercise price equal to the Offering Price, exercisable at any time up to 5:00 p.m. (Vancouver time) on the second anniversary of the Closing Date, provided that the number of Broker Warrants granted to the Underwriters shall be reduced to 3.0% in respect of sales of Offered Units to purchasers included on the President's List.

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ARTICLE 8 – TERMINATION OF PURCHASE OBLIGATION

8.1 It is understood that the Underwriters may waive, in whole or in part, or extend the time for compliance with, any of the terms and conditions of this Agreement without prejudice to their rights in respect of any other of such terms and conditions or any other subsequent breach or non-compliance; provided, however, that to be binding on the Underwriters any such waiver or extension must be in writing and signed by the Underwriters. No act of the Underwriters in offering the Offered Units will constitute a waiver or estoppel against the Underwriters.

8.2 Without limiting any of the foregoing provisions of this Agreement, and in addition to any other remedies which may be available to them, the Underwriters will be entitled, at their option, to terminate and cancel, without any liability, their obligations under this Agreement to purchase the Offered Units, by giving written notice to the Corporation at any time through to the Time of Closing if:

(a) there shall be any Material Change (as defined in the Securities Act (British Columbia)) (actual, anticipated, contemplated, threatened, financial or otherwise) in the assets, liabilities (contingent or otherwise), business, affairs, operations, prospects, capital or control of the Corporation and its subsidiaries taken as a whole, or there should be discovered any previously undisclosed Material Fact (as defined in the Securities Act (British Columbia)) (other than a Material Fact related solely to any of the Underwriters) required to be disclosed in the Prospectus or any amendment thereto, in each case which, in the reasonable opinion of the Underwriters (or any of them), has resulted in purchasers of a material number of the Units exercising their right under applicable law to withdraw from their purchase thereof or rescind from the purchase thereof or sue for damages in respect thereof or which has or could reasonably be expected to have a significant adverse effect on the market price or value of the Common Shares;

(b) any inquiry, action, suit, investigation or other proceeding in relation to the Corporation or any of the directors or senior officers of the Corporation, whether formal or informal (including matters of regulatory transgression or unlawful conduct), is commenced, threatened or publicly announced or any order is made under or pursuant to any statute or by any federal, provincial, state, municipal or other governmental department, commission, board, bureau, stock exchange, regulatory authority, agency or instrumentality or there is any enactment or change of law or regulation, or interpretation or administration thereof, (unless solely based on the activities or alleged activities of the Underwriters), which in the reasonable opinion of the Underwriters (or any of them), could operate to prevent or restrict the trading of the Common Shares or which seriously adversely affects, or will, or could seriously adversely affect the market price or value of the Common Shares;

(c) if there should develop, occur or come into effect or existence any event, action, state, condition or major financial occurrence of national or international consequence or any law or regulation after the date hereof, which, in the opinion of the Underwriters, acting reasonably, materially adversely affects or involves or would reasonably be expected to materially adversely affect or involve, the financial markets in Canada or the business, operations or affairs of the Corporation and its subsidiaries, taken as a whole;

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(d) the Corporation is in breach of any material term, condition or covenant of this Agreement or any representation or warranty given by the Corporation in this Agreement becomes or is false in any material respect and cannot be cured; or

(e) the Underwriters shall become aware, as a result of their due diligence review or otherwise, of any adverse Material Change (as defined in the Securities Act (British Columbia) with respect to the Corporation (in the sole opinion of the Underwriters, or any one of them, acting reasonably) which had not been publicly disclosed or disclosed to the Underwriters prior to the date hereof and which would have a Material Adverse Effect on the market price or value of the Common Shares.

8.3 The Underwriters will give prompt notice to the Corporation (in writing or by other means) of the occurrence of any of the events referred to in Section 8.2, provided that neither the giving nor the failure to give such notice will in any way affect the Underwriters' entitlement to exercise this right at any time through to the Time of Closing.

8.4 The Underwriters' rights of termination contained in this section are in addition to any other rights or remedies they may have in respect of any default, act or failure to act or non-compliance by the Corporation in respect of any of the matters contemplated by this Agreement.

8.5 If the obligations of the Underwriters are terminated under this Agreement pursuant to the termination rights provided for in Section 8.2, the Corporation's liabilities to the Underwriters will be limited to the Corporation's obligations under the indemnity, contribution and expense provisions of Articles 9, 10 and 11, respectively, of this Agreement.

ARTICLE 9- INDEMNITY

9.1 The Corporation agrees to indemnify and hold harmless the Underwriters and/or any of their respective affiliates and each of the directors, officers, employees and Underwriters of the Underwriters and/or the affiliates (collectively, the "Indemnified Parties" and individually, an "Indemnified Party"), to the full extent lawful, from and against any and all expenses, losses (other than loss of profits), claims (including shareholder actions, derivative or otherwise), actions, damages and liabilities, whether joint or several (including the aggregate amount paid in reasonable settlement of any actions, suits, proceedings, investigations or claims and the reasonable fees and expenses of their counsel that may be incurred in advising with respect to and/or defending any action, suit, proceeding, investigation or claim that may be made or threatened against any Indemnified Party), to which any Indemnified Party may become subject or otherwise involved in any capacity under any statute or common law or otherwise insofar as such expenses, losses, claims, damages, liabilities or actions relate to, are caused by, result from, arise out of or are based upon, directly or indirectly:

(a) any material breach of or default under any representation, warranty, covenant or agreement of the Corporation under this Agreement or any other document to be delivered in connection with the Offering, or the failure of the Corporation to comply with any of its obligations under this Agreement or under those other documents;

(b) the Corporation not complying with any requirement of any Securities Laws relating to the Offering;

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(c) any information or statement contained in any of the Offering Documents or any other document or material filed or delivered by or on behalf of the Corporation in connection with the Offering (except any information or statement relating solely to the Underwriters and furnished by the Underwriters specifically for use in such documents) being or being alleged to be an untrue statement or misrepresentation;

(d) any omission to state in any Offering Document (except facts relating solely to the Underwriters and provided by the Underwriters), required to be stated in such Offering Document or necessary to make any statement in such Offering Document not misleading in light of the circumstances under which it was made; or

(e) any order made or any inquiry, investigation or proceeding instituted, threatened or announced by any court, securities regulatory authority, stock exchange or any other governmental authority, based upon any untrue statement, omission or misrepresentation or alleged untrue statement, omission or misrepresentation contained in any of the Offering Documents or in any certificate or other document of the Corporation filed or delivered in connection with the Offering or based on any failure to comply with the Securities Laws (except an untrue statement, omission or misrepresentation relating solely to the Underwriters and furnished by them specifically for use in such documents) preventing or restricting the trading in or the sole or distribution of the Offered Units, Unit Shares and Warrants.

(f) Notwithstanding the foregoing, the indemnity contained in this Article 9 will not apply to an Indemnified Party to the extent that a court of competent jurisdiction in a final judgement that has become non-appealable shall determine that such expenses, losses, claims, actions, costs, damages or liabilities to which the Indemnified Party may be subject were caused by the breach of this Agreement, fraud, gross negligence or willful misconduct of such Indemnified Party.

9.2 The Corporation also agrees that no Indemnified Party will have any liability (either direct or indirect, in contract or tort or otherwise) to the Corporation or any person asserting claims on the Corporation's behalf or in right for or in connection with the Offering, except to the extent that any expenses, losses, claims, actions, costs, damages or liabilities incurred by the Corporation are determined by a court of competent jurisdiction in a final judgement that has become non-appealable to have resulted from the breach of this Agreement, fraud, gross negligence or willful misconduct of such Indemnified Party.

9.3 If for any reason (other than a determination by a court of competent jurisdiction in a final judgement that has become non-appealable that such expenses, losses, claims, actions, costs, damages or liabilities to which the Indemnified Party may be subject were caused by the breach of this Agreement, fraud, gross negligence or willful misconduct of such Indemnified Party), the foregoing indemnification is unavailable to any Indemnified Party or insufficient to hold any Indemnified Party harmless, then subject to Article 10, the Corporation shall contribute to the amount paid or payable by any Indemnified Party as a result of such expense, loss, claim, action, damage or liability in such proportion as is appropriate to reflect not only the relative benefits received by the Corporation on the one hand and the Indemnified Party on the other hand but also the relative fault of the Corporation or any Indemnified Party, as well as any relevant equitable considerations; provided that the Corporation shall, in any event, contribute to the amount paid or payable by any Indemnified Party as a result of such expense, loss, claim, action, damage or

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liability in excess of such amount over the aggregate amount of the fees received by the Underwriters hereunder pursuant to this Agreement.

9.4 The Corporation agrees that in case any legal proceeding shall be brought against the Corporation and/or any Indemnified Party by any governmental authority or stock exchange or if such authority or exchange shall investigate the Corporation and/or any Indemnified Party and such Indemnified Party shall be required to testify in connection therewith or shall be required to respond to procedures designed to discover information regarding, in connection with or by reason of this Agreement, such Indemnified Party shall have the right to employ their own counsel in connection therewith, and the reasonable fees and expenses of such counsel as well as the reasonable costs (including an amount to reimburse the Underwriters for time spent by their, or any of their affiliates, directors, officers or employees (collectively, "Personnel") in connection therewith based on the Underwriters' then current schedule or per diem fees for their Personnel) and out-of-pocket expenses incurred by its Personnel in connection therewith shall be paid by the Corporation as they occur; provided that the Corporation will not be responsible for the fees or expenses of more than one legal firm in any single jurisdiction for all of the Indemnified Parties.

9.5 Promptly after receipt of notice of the commencement of any legal proceeding against any Indemnified Party or after receipt of notice of the commencement of any investigation, which is based, directly or indirectly, upon any matter in respect of which indemnification may be sought from the Corporation pursuant to the indemnity contained in this Article 9, such Indemnified Party will notify the Corporation in writing of the particulars thereof and will discuss all significant actions proposed. The omission so to notify the Corporation shall not relieve the Corporation of any liability which the Corporation has to any Indemnified Party, except only to the extent that any such delay in or failure to give notice as herein required prejudices the defence of such action, suit, proceeding, investigation or claim or results in any material increase in the liability which the Corporation would otherwise have under the indemnity contained in this Article 9 had an Indemnified Party not so delayed in or failed to give the notice required hereunder.

9.6 The Corporation shall have 30 days after receipt of the notice, at its own expense, to participate in and, to the extent it may wish to do so, assume the defence thereof, provided such defence is conducted by experienced and competent counsel. Upon the Corporation notifying an Indemnified Party in writing of its election to assume the defence and retaining counsel, the Corporation shall not be liable to such Indemnified Party for any legal expenses subsequently incurred by such Indemnified Party in connection with such defence. If such defence is assumed by the Corporation, the Corporation throughout the course thereof will provide copies of all relevant documentation to the Indemnified Party, will keep the Indemnified Party advised of the progress thereof and will discuss with the Indemnified Party all significant actions proposed.

9.7 Notwithstanding the foregoing, any Indemnified Party shall have the right, at the Corporation's expense, to employ counsel of such Indemnified Party's choice, in respect of the defence of any action, suit, proceeding, claim or investigation if:

(a) the employment of such counsel has been authorized by the Corporation;

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(b) the Corporation has not assumed the defence and employed counsel therefor within 30 days after receiving notice of sch action, suit, proceeding, claim or investigation; or

(c) counsel retained by the Corporation or the Indemnified Party has advised the Indemnified Party in writing that representation of both parties by the same counsel would be inappropriate because there is a conflict of interest between the Corporation and the Indemnified Party or the subject matter of the action, suit, proceeding, claim or investigation may not fall within the indemnity set forth in this Article 9 (in either of which events the Corporation shall not have the right to assume or direct the defence on the Indemnified Party's behalf).

9.8 No admission of liability and no settlement of any action, suit, proceeding, claim or investigation will be made without the consent of the Indemnified Parties affected (such consent not to be unreasonably withheld or delayed). No admission of liability will be made and the Corporation will not be liable for any settlement of any action, suit, proceeding, claim or investigation made without its consent (such consent not to be unreasonably withheld or delayed).

9.9 The indemnity and contribution obligations of the Corporation shall be in addition to any liability which the Corporation may otherwise have, shall extend upon the same terms and conditions to the Personnel of the Underwriters and shall be binding upon and ensure to the benefit of any successors, assigns, heirs and personal representatives of the Corporation, the Underwriters and any of the Personnel of the Underwriters. The foregoing provisions shall survive the completion of professional services rendered under this Agreement and the termination of this Agreement.

ARTICLE 10- CONTRIBUTION

10.1 In the event that the indemnity provided for in Article 9 is declared by a court of competent jurisdiction to be illegal or unenforceable as being contrary to public policy or for any other reason (other than the occurrence of any of the events itemized in Section 9.1(f)), the Underwriters and the Corporation will contribute to the aggregate of all losses, claims, costs, damages, expenses or liabilities of the nature provided for in Article 9 such that the Underwriters will be responsible for that portion represented by the percentage equal to the Underwriting Fee actually received by the Underwriters, and the Corporation will be responsible for the balance; provided that, in no event, will an Underwriter be responsible for any amount in excess of the portion of the Underwriting Fee actually received by such Underwriter. In the event that the Corporation may be held to be entitled to contribution from the Underwriters under the provisions of any statute or law, the Corporation will be limited to contribution from the Underwriters in an amount not exceeding the lesser of: (a) the portion of the full amount of losses, claims, costs, damages, expenses or liabilities giving rise to such contribution for which the Underwriters are responsible; and (b) the amount of the Underwriting Fee actually received by the subject Underwriter. Notwithstanding the foregoing, a person guilty of gross negligence, dishonesty, bad faith, fraud, fraudulent misrepresentation or wilful misconduct will not be entitled to contribution from any other party. Any party entitled to contribution will, promptly after receiving notice of commencement of any Claim, action, suit or proceeding against such party in respect of which a claim for contribution may be made against another party or parties under this section, notify such party or parties from whom contribution may be sought, but the omission to so notify such party will not relieve the party from whom contribution may be

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sought from any obligation it may have otherwise under this section, except to the extent that the party from whom contribution may be sought is prejudiced by such omission. The right to contribution provided herein will be in addition and not in derogation of any other right to contribution which the Underwriters may have by statute or otherwise by law.

ARTICLE 11- EXPENSES

11.1 Whether or not the Offering is completed, the Corporation will be responsible for all expenses incurred from time to time in connection with the Offering including the Underwriters' reasonable out-of-pocket expenses, all reasonable fees and disbursements of legal counsel to the Underwriters (up to the maximum amount set forth in the Offer Letter, exclusive of taxes and disbursements). The Corporation will also be responsible for any eligible HST on the foregoing amounts. All costs and expenses incurred by the Underwriters or on their behalf shall be payable by the Corporation immediately upon receiving an invoice therefor from RJL and shall be payable whether or not the Offering is completed. In the case of completion of the Offering, such costs and expenses may be deducted from the gross proceeds otherwise payable to the Corporation at the Time of Closing.

ARTICLE 12- SURVIVAL OF WARRANTIES AND REPRESENTATIONS

12.1 All warranties and representations of the Underwriters herein contained will survive the purchase by the Underwriters of the Offered Units and will continue in full force and effect for the benefit of the Corporation until the Survival Limitation Date. All warranties and representations of the Corporation herein contained or contained in documents submitted or required to be submitted pursuant to this Agreement will survive the purchase by the Underwriters of the Offered Units and will continue in full force and effect (with respect to representations and warranties, as to their truth and accuracy as at the Time of Closing) for the benefit of the Underwriters until the Survival Limitation Date.

ARTICLE 13- UNDERWRITERS' OBLIGATIONS

13.1 The obligation of the Underwriters to purchase the Offered Units in connection with the Offering at the Time of Closing on the Closing Date shall be several, and not joint, nor joint and several, and shall be as to the following percentages to be purchased at any such time:

Raymond James Ltd.	70%
Red Cloud Securities Inc.	10%
Research Capital Corporation	10%
Ventum Financial Corp.	10%
Total	100%

13.2 If any of the Underwriters shall not complete the purchase and sale of its applicable percentage of the aggregate amount of the Offered Units at the Time of Closing for any reason whatsoever, including by reason of Article 8, the other Underwriters shall have the right, but shall not be obligated, to purchase the Offered Units which would otherwise have been purchased by the Underwriter which fails to purchase. If, with respect to the Offered Units, the non-defaulting Underwriters elect not to exercise such rights to assume the entire obligations of the defaulting Underwriter, then the Corporation shall have the right

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to either (i) proceed with the sale of the Offered Units (less the defaulted Offered Units) to the non-defaulting Underwriters; or (ii) terminate its obligations hereunder without liability except pursuant to the provisions of Articles 9 and 11 in respect of the non-defaulting Underwriters. Additionally, nothing in this Article 13 shall oblige the Corporation to sell to the Underwriters less than all of the Offered Units or shall relieve an Underwriter in default hereunder from liability to the Corporation.

ARTICLE 14- ADVERTISEMENTS AND PRESS RELEASES

14.1 The Corporation and the Underwriters each agree the Corporation will provide to the Underwriters, in advance any press release concerning the Offering and the Corporation will give effect to any changes reasonably and timely requested by the Underwriters. The Corporation will also ensure that any press release concerning the Offering complies with Securities Law. At the request of the Underwriters, and to the extent permitted by Law, the Corporation will ensure RJL is disclosed as the lead underwriter for the Offering in any press release relating to the Offering.

14.2 At the completion of the Offering, and to the extent permitted by Law, the Underwriters may, at their sole expense and upon consultation with the Corporation, place advertisements or announcements in any newspapers, periodicals or other publications, or otherwise disclose to third parties, that they acted as underwriters in connection with the Offering (and as to each Underwriter's role).

ARTICLE 15- CONFLICT OF INTEREST

15.1 The Corporation: (i) acknowledges and agrees that the Underwriters have certain statutory obligations as registrants under the Securities Laws and have fiduciary relationships with their clients; and (ii) consents to the Underwriters acting hereunder while continuing to act for their respective clients. To the extent that any Underwriter's statutory obligations as registrant under the Securities Laws or fiduciary relationships with its clients conflict with their obligations hereunder, such Underwriter will be entitled to fulfil its statutory obligations as registrant under the Securities Laws and its fiduciary duties to its clients. Nothing in this Agreement will be interpreted to prevent the Underwriters from fulfilling their statutory obligations as registrant under the Securities Laws or to satisfy their fiduciary duties to their clients.

ARTICLE 16- AUTHORITY OF RJL

16.1 All actions which must be taken or may be taken by the Underwriters in connection with this Agreement may be taken by RJL on behalf of the other Underwriters and this is an irrevocable authority for the Corporation accepting notification of any such actions provided that, as between the Underwriters, RJL agrees to consult with the other Underwriters with respect to such actions.

ARTICLE 17- GENERAL CONTRACT PROVISIONS

17.1 Except as expressly provided for in this Agreement, the covenants and agreements of the Corporation contained herein which by their nature are required to be completed after the Time of Closing will survive the purchase by the Underwriters of the Offered Units and will continue in full force and effect, regardless of the closing of the sale of the Offered Units and regardless of any investigation which may be carried on by the Underwriters, or on

44 -

their behalf. Without limitation of the foregoing, the provisions contained in this Agreement in any way related to the indemnification or the contribution obligations will survive and continue in full force and effect, indefinitely, subject only to the limitation requirements of applicable Law.

17.2 Any notice or other communication to be given hereunder will be in writing and will be given by delivery or by electronic transmission, as follows:

(a) to the Corporation at:

Blackrock Silver Corp.
Suite 1570, 200 Burrard Street
Vancouver, BC V6C 3L6

Attention: Andrew Pollard, President and Chief Executive Officer
Email.: [email redacted]

with a copy (which will not constitute notice) to:

Koffman Kalef LLP
885 West Georgia Street – 19th Floor
Vancouver, BC V6C 3H4

Attention: Bernard Poznanski
Email: [email protected]

(b) to the Underwriters:

Raymond James Ltd.
40 King Street West, Suite 5400
Toronto, ON M5H 3Y2

Attention: Rajiv Chail
Email: [email redacted]

Red Cloud Securities Inc.
120 Adelaide St. West, Suite 1400
Toronto, ON M5H 1T1

Attention: Bruce Tatters
Email: [email redacted]

Research Capital Corporation
199 Bay Street, Suite 4500
Commerce Court West
Toronto, ON M5C 1G2

Attention: David Greifenberger
Email: [email redacted]

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Ventum Financial Corp.
2500-733 Seymour Street
Vancouver, BC V6B 0S6

Attention: Tim Graham
Email: [email redacted]

with a copy (which will not constitute notice) to:

Mintz LLP
200 Bay St, South Tower, Suite 2800
Toronto, Ontario M5J 2J3

Attention: Eric Foster
Email: [email redacted]

and if so given, any such notice, direction or other instrument, if delivered personally, will be deemed to have been given and received on the day on which it was delivered, provided that if such day is not a Business Day then the notice, direction or other instrument will be deemed to have been given and received on the first Business Day next following such day, and if transmitted by email, will be deemed to have been given and received on the day of its transmission, provided that if such day is not a Business Day or if it is transmitted after the end of normal business hours then the notice, direction or other instrument will be deemed to have been given and received on the first Business Day next following the day of such transmission. Any party may, at any time, give notice in writing to the others in the manner provided for above of any change of address.

17.3 This Agreement and the other documents herein referred to constitute the entire agreement between the Underwriters and the Corporation relating to the subject matter hereof and supersedes all prior agreements between the Underwriters and the Corporation with respect to their respective rights and obligations in respect of the Offering, including the Offer Letter, in its entirety.

17.4 Time will be of the essence of this Agreement and of every part hereof and no extension or variation of this Agreement shall operate as a waiver of this provision.

17.5 The parties hereto covenant and agree to sign such other documents, do and perform and cause to be done and performed such further and other acts and things as may be necessary or desirable in order to give full effect to this Agreement and every provision of it.

17.6 No party to this Agreement may assign this Agreement, any part hereof or its rights hereunder without the prior written consent of the other parties. Subject to the foregoing, this Agreement shall enure to the benefit of and be binding upon the parties hereto and their respective successors and permitted assigns.

17.7 In the event that any provision or part of this Agreement will be deemed void or invalid by a court of competent jurisdiction, the remaining provisions or parts shall be and remain in full force and effect. If, in any judicial proceeding, any provision of this Agreement is found to be so broad as to be unenforceable, it is hereby agreed that such provision shall be interpreted to be only so broad as to be enforceable.

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17.8 The parties hereby acknowledge that they have expressly required this Agreement and all notices, statements of account and other documents required or permitted to be given or entered into pursuant hereto to be drawn up in the English language only. Les parties reconnaissent avoir expressément demandé que la présente Convention ainsi que tout avis, tout état de compte et tout autre document à être ou pouvant être donné ou conclu en vertu des dispositions des présentes, soient rédigés en langue anglaise seulement.

17.9 This Agreement may be executed by any one or more of the parties in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall together constitute one and the same instrument. The transmission by facsimile or pdf of a copy of the execution page hereof reflecting the execution of this Agreement by any party hereto shall be effective to evidence that party's intention to be bound by this Agreement and that party's agreement to the terms, provisions and conditions hereof, all without the necessity of having to produce an original copy of such execution page.

[Execution Page Follows]

IN WITNESS WHEREOF the parties have executed this Agreement.

BLACKROCK SILVER CORP.

Per: “Andrew Pollard”
Name: Andrew Pollard
Title: President and Chief Executive Officer

RAYMOND JAMES LTD.

Per: "Rajiv Chail"
Name: Rajiv Chail
Title: Director

RED CLOUD SECURITIES INC.

Per: "Bruce Tatters"
Name: Bruce Tatters
Title: Chief Executive Officer

RESEARCH CAPITAL CORPORATION

Per: "David Greifenberger"
Name: David Greifenberger
Title: Managing Director

VENTUM FINANCIAL CORP.

Per: "Tim Graham"
Name: Tim Graham
Title: Managing Director & Head of Investment Banking

SCHEDULE "A"

DETAILS OF MINING CLAIMS

See attached.

Schedule "A"

Tonopah West Patented Claims

Location (area) #	Code	Name	Owner/Period	Type	Status	Average	County, State	Project	Pat. No. (at)	Report Limited	URBAN AROMA	URBAN Long-Ring	Start Date (at)	End Date (at)	JAN 2017
Tonopah West Project - Nevada (after) - Esmeralda and New Countries, Nevada
01	000-003-01	000-003-02	Back Run	Blackout field trips	Federal Patented Claim	Sarban	67,185	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
02	000-003-03	000-003-04	Back Run Extension	Blackout field trips	Federal Patented Claim	Sarban	San Biolo Run	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
03	000-003-04	000-003-05	Back	Blackout field trips	Federal Patented Claim	Sarban	San Biolo Run	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
04	000-003-05	000-003-06	Back Run	Blackout field trips	Federal Patented Claim	Sarban	San Biolo Run	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
05	000-003-06	000-003-07	Seasons After Fraction	Blackout field trips	Federal Patented Claim	Sarban	San Biolo Run	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
06	000-006-28	000-006-29	Cofecate
07	001-138-31	001-138-32	Laundry	Blackout field trips	Federal Patented Claim	Sarban	14,1	NTC, R4-214C	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
08	000-006-28	000-006-29	Dragon Mice
09	001-138-36	001-138-36	Dragon Mice	Blackout field trips	Federal Patented Claim	Sarban	17,79	NTC, R5-212G1	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
01	001-138-36	001-138-36	Warrants	Blackout field trips	Federal Patented Claim	Sarban	14,329	NTC, R5	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
01	000-006-28	000-006-29	W-1/2 Lathouse
02	000-138-36	000-138-36	W-1/2 Lathouse	Blackout field trips	Federal Patented Claim	Sarban	18,91	NTC, R5-913C	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
03	000-138-36	000-138-36	W-1/2 Racelite	Blackout field trips	Federal Patented Claim	Sarban	14,329	NTC, R5	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
04	001-142-17	001-142-18	Blackout and Lathouse	Blackout field trips	Federal Patented Claim	Sarban	17,79	NTC, R5	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
05	001-142-18	001-142-18	Blackout and Lathouse	Blackout field trips	Federal Patented Claim	Sarban	18,91	NTC, R5	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
06	000-006-28	000-006-29	Moversight Fraction	Blackout field trips	Federal Patented Claim	Sarban	18,91	Esmeralda, NV (ATL)	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
07	000-006-29	000-006-29	Moversight and Lathouse	Blackout field trips	Federal Patented Claim	Sarban	18,91	Esmeralda, NV (ATL)	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
08	000-006-29	000-006-29	Moversight and Lathouse	Blackout field trips	Federal Patented Claim	Sarban	18,91	Esmeralda, NV (ATL)	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
09	000-006-29	000-006-29	Moversight and Lathouse	Blackout field trips	Federal Patented Claim	Sarban	18,91	Esmeralda, NV (ATL)	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
10	000-006-29	000-006-29	Moversight and Lathouse	Blackout field trips	Federal Patented Claim	Sarban	18,91	Esmeralda, NV (ATL)	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
11	000-006-29	000-006-29	Moversight and Lathouse	Blackout field trips	Federal Patented Claim	Sarban	18,91	Esmeralda, NV (ATL)	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
12	000-006-29	000-006-29	Moversight and Lathouse	Blackout field trips	Federal Patented Claim	Sarban	18,91	Esmeralda, NV (ATL)	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented

Tonopah West Project - CA (add-on 100' DC - Esmeralda and New Counties, Nevada)

01	000-001-072	168-2285	Short Lake	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
02	000-001-072	168-2285	Tranter Lake	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
03	000-001-072	168-2285	Tranter Lake	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
04	000-001-072	168-2285	Tranter Lake	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
05	000-001-072	168-2285	Tranter Lake	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
06	000-001-072	168-2285	Tranter Lake (on 1/3 of)	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV (1/3)	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
07	000-001-072	168-2285	C. B. M.G. Lake (on 1/3 of)	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV (1/3)	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
08	000-001-072	168-2285	Red Rock Lake	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
09	000-001-072	168-2285	Red Rock No. 1 Lake	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
10	000-001-072	168-2285	Red Rock No. 1 Lake	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
11	000-001-072	168-2285	C. C. E. Lake	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
12	000-001-072	168-2285	Red Rock No. 1 Lake	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented
13	000-001-072	168-2285	Red Rock No. 1 Lake	Blackout field trips	Federal Patented claim	Sarban	18,91	Esmeralda, NV	Tonopah West	PAL	Tox Branch	N/A	Patented	N/A	Patented

1 Patented claims: 119 total claims

Tonopah West Unpatented Claims

Serial Number	Lead File Number	Claim Name	Owner	County	Case Disposition	Claim Type	Date Of Location
NMC1116089	NMC1116089	WT 1	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	09/30/15
NMC1116090	NMC1116089	WT 2	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	09/30/15
NMC1116091	NMC1116089	WT 3	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	09/30/15
NMC1116092	NMC1116089	WT 4	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	09/30/15
NMC1116093	NMC1116089	WT 5	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	10/03/15
NMC1116094	NMC1116089	WT 6	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	10/03/15
NMC1116095	NMC1116089	WT 7	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	10/03/15
NMC1116096	NMC1116089	WT 8	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	10/03/15
NMC1148056	NMC1148056	Triangle Fraction	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	06/22/17
NMC1148057	NMC1148056	Triangle Fraction 2	BLACKROCK GOLD CORP	Nye/Esmeralda	Active	Lode	06/22/17
NMC1148058	NMC1148056	Surprise 1	BLACKROCK GOLD CORP	Nye	Active	Lode	06/22/17
NMC1148059	NMC1148056	Surprise 2	BLACKROCK GOLD CORP	Nye	Active	Lode	06/22/17
NMC1148060	NMC1148056	Keystone Fraction	BLACKROCK GOLD CORP	Nye	Active	Lode	06/22/17
NMC1148061	NMC1148056	M.R.W.	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	06/22/17
NMC1148062	NMC1148056	Accidental Fraction	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	06/22/17
NMC1148063	NMC1148056	Panther Fraction	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	06/23/17
NMC1148064	NMC1148056	Arizona Fraction	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	07/07/17
NMC1174886	NMC1174886	Flag	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	03/13/18
NMC1174887	NMC1174886	Wedge	BLACKROCK GOLD CORP	Esmeralda	Active	Lode	03/13/18
NV105263919	NV105263732	TN 191	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/21
NV105263920	NV105263732	TN 192	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/21
NV105263921	NV105263732	TN 193	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/21
NV105263922	NV105263732	TN 194	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/21
NV105263923	NV105263732	TN 195	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/21
NV105263924	NV105263732	TN 196	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/21
NV105263925	NV105263732	TN 197	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/21
NV105263926	NV105263732	TN 198	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/21
NV105263927	NV105263732	TN 199	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/21
NV105263928	NV105263732	TN 200	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/21
NV105263929	NV105263732	TN 201	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/21
NV105263930	NV105263732	TN 202	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/21
NV105263931	NV105263732	TN 203	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/21
NV105263932	NV105263732	TN 204	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/21
NV105263933	NV105263732	TN 205	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/21
NV105263934	NV105263732	TN 206	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/21
NV105263935	NV105263732	TN 207	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/21
NV105263936	NV105263732	TN 208	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/21
NV105263937	NV105263732	TN 209	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/21
NV105263938	NV105263732	TN 210	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/21
NV105263939	NV105263732	TN 211	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/21
NV105263940	NV105263732	TN 212	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/21
NV105263941	NV105263732	TN 213	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/21
NV105263942	NV105263732	TN 214	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/21

NV105263943	NV105263732	TN 215	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/21
NV105263944	NV105263732	TN 216	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/21
NV105263945	NV105263732	TN 217	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/21
NV105263946	NV105263732	TN 218	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/21
NV105263947	NV105263732	TN 219	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263948	NV105263732	TN 220	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263949	NV105263732	TN 221	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263950	NV105263732	TN 222	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263951	NV105263732	TN 223	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263952	NV105263732	TN 224	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263953	NV105263732	TN 225	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263954	NV105263732	TN 226	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263955	NV105263732	TN 227	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263956	NV105263732	TN 228	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263957	NV105263732	TN 229	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263958	NV105263732	TN 230	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263959	NV105263732	TN 231	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263960	NV105263732	TN 232	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263961	NV105263732	TN 233	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263962	NV105263732	TN 234	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263963	NV105263732	TN 235	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263964	NV105263732	TN 236	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263965	NV105263732	TN 237	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263966	NV105263732	TN 238	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263967	NV105263732	TN 239	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263968	NV105263732	TN 240	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263969	NV105263732	TN 241	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263970	NV105263732	TN 242	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263971	NV105263732	TN 243	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263972	NV105263732	TN 244	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263973	NV105263732	TN 245	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263974	NV105263732	TN 246	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263975	NV105263732	TN 247	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/25/21
NV105263976	NV105263732	TN 248	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263977	NV105263732	TN 249	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/25/21
NV105263978	NV105263732	TN 250	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/25/21
NV105263979	NV105263732	TN 251	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/25/21
NV105263980	NV105263732	TN 252	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/25/21
NV105263981	NV105263732	TN 253	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/21
NV105263982	NV105263732	TN 254	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/25/21

Tonopah North Unpatented Claims

Serial Number	Lead File Number	Claim Name	Owner	County	Case Disposition	Claim Type	Date Of Location
NV105263732	NV105263732	TN 4	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263733	NV105263732	TN 5	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263734	NV105263732	TN 6	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263735	NV105263732	TN 7	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263736	NV105263732	TN 8	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263737	NV105263732	TN 9	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263738	NV105263732	TN 10	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263739	NV105263732	TN 11	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263740	NV105263732	TN 12	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263741	NV105263732	TN 13	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263742	NV105263732	TN 14	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263743	NV105263732	TN 15	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263744	NV105263732	TN 16	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263745	NV105263732	TN 17	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263746	NV105263732	TN 18	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263747	NV105263732	TN 19	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263748	NV105263732	TN 20	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263749	NV105263732	TN 21	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263750	NV105263732	TN 22	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263751	NV105263732	TN 23	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263752	NV105263732	TN 24	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263753	NV105263732	TN 25	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263754	NV105263732	TN 26	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263755	NV105263732	TN 27	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263756	NV105263732	TN 28	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263757	NV105263732	TN 29	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263758	NV105263732	TN 30	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263759	NV105263732	TN 31	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263760	NV105263732	TN 32	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263761	NV105263732	TN 33	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263762	NV105263732	TN 34	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263763	NV105263732	TN 35	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263764	NV105263732	TN 36	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263765	NV105263732	TN 37	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263766	NV105263732	TN 38	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263767	NV105263732	TN 39	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263768	NV105263732	TN 40	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263769	NV105263732	TN 41	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263770	NV105263732	TN 42	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263771	NV105263732	TN 43	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263772	NV105263732	TN 44	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263773	NV105263732	TN 45	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263774	NV105263732	TN 46	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263775	NV105263732	TN 47	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263776	NV105263732	TN 48	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263777	NV105263732	TN 49	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263778	NV105263732	TN 50	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263779	NV105263732	TN 51	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263780	NV105263732	TN 52	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263781	NV105263732	TN 53	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263782	NV105263732	TN 54	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/25/2021
NV105263783	NV105263732	TN 55	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263784	NV105263732	TN 56	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263785	NV105263732	TN 57	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263786	NV105263732	TN 58	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021

NV105263787	NV105263732	TN 59	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263788	NV105263732	TN 60	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263789	NV105263732	TN 61	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263790	NV105263732	TN 62	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263791	NV105263732	TN 63	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263792	NV105263732	TN 64	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263793	NV105263732	TN 65	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263794	NV105263732	TN 66	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263795	NV105263732	TN 67	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263796	NV105263732	TN 68	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263797	NV105263732	TN 69	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263798	NV105263732	TN 70	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263799	NV105263732	TN 71	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263800	NV105263732	TN 72	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263801	NV105263732	TN 73	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263802	NV105263732	TN 74	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263803	NV105263732	TN 75	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263804	NV105263732	TN 76	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263805	NV105263732	TN 77	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263806	NV105263732	TN 78	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263807	NV105263732	TN 79	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263808	NV105263732	TN 80	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263809	NV105263732	TN 81	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263810	NV105263732	TN 82	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263811	NV105263732	TN 83	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263812	NV105263732	TN 84	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263813	NV105263732	TN 85	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263814	NV105263732	TN 86	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263815	NV105263732	TN 87	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263816	NV105263732	TN 88	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263817	NV105263732	TN 89	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263818	NV105263732	TN 90	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263819	NV105263732	TN 91	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263820	NV105263732	TN 92	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263821	NV105263732	TN 93	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263822	NV105263732	TN 94	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263823	NV105263732	TN 95	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263824	NV105263732	TN 96	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263825	NV105263732	TN 97	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263826	NV105263732	TN 98	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263827	NV105263732	TN 99	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263828	NV105263732	TN 100	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263829	NV105263732	TN 101	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263830	NV105263732	TN 102	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263831	NV105263732	TN 103	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263832	NV105263732	TN 104	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263833	NV105263732	TN 105	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263834	NV105263732	TN 106	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263835	NV105263732	TN 107	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263836	NV105263732	TN 108	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263837	NV105263732	TN 109	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263838	NV105263732	TN 110	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263839	NV105263732	TN 111	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263840	NV105263732	TN 112	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263841	NV105263732	TN 113	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263842	NV105263732	TN 114	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263843	NV105263732	TN 115	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021

NV105263844	NV105263732	TN 116	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263845	NV105263732	TN 117	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263846	NV105263732	TN 118	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263847	NV105263732	TN 119	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263848	NV105263732	TN 120	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263849	NV105263732	TN 121	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263850	NV105263732	TN 122	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263851	NV105263732	TN 123	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263852	NV105263732	TN 124	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263853	NV105263732	TN 125	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263854	NV105263732	TN 126	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263855	NV105263732	TN 127	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263856	NV105263732	TN 128	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263857	NV105263732	TN 129	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263858	NV105263732	TN 130	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263859	NV105263732	TN 131	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263860	NV105263732	TN 132	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263861	NV105263732	TN 133	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263862	NV105263732	TN 134	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263863	NV105263732	TN 135	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263864	NV105263732	TN 136	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263865	NV105263732	TN 137	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263866	NV105263732	TN 138	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263867	NV105263732	TN 139	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263868	NV105263732	TN 140	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263869	NV105263732	TN 141	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263870	NV105263732	TN 142	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263871	NV105263732	TN 143	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263872	NV105263732	TN 144	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263873	NV105263732	TN 145	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263874	NV105263732	TN 146	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263875	NV105263732	TN 147	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263876	NV105263732	TN 148	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263877	NV105263732	TN 149	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263878	NV105263732	TN 150	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263879	NV105263732	TN 151	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263880	NV105263732	TN 152	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263881	NV105263732	TN 153	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263882	NV105263732	TN 154	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263883	NV105263732	TN 155	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263884	NV105263732	TN 156	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263885	NV105263732	TN 157	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263886	NV105263732	TN 158	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263887	NV105263732	TN 159	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263888	NV105263732	TN 160	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263889	NV105263732	TN 161	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263890	NV105263732	TN 162	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263891	NV105263732	TN 163	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/2021
NV105263892	NV105263732	TN 164	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/2021
NV105263893	NV105263732	TN 165	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/2021
NV105263894	NV105263732	TN 166	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/2021
NV105263895	NV105263732	TN 167	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/2021
NV105263896	NV105263732	TN 168	BLACKROCK GOLD CORP	ESMERALDA	FILED	LODE CLAIM	06/24/2021
NV105263897	NV105263732	TN 169	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/2021
NV105263898	NV105263732	TN 170	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/2021
NV105263899	NV105263732	TN 171	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021

NV105263900	NV105263732	TN 172	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/2021
NV105263901	NV105263732	TN 173	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263902	NV105263732	TN 174	BLACKROCK GOLD CORP	ESMERALDA/NYE	FILED	LODE CLAIM	06/24/2021
NV105263903	NV105263732	TN 175	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263904	NV105263732	TN 176	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263905	NV105263732	TN 177	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263906	NV105263732	TN 178	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263907	NV105263732	TN 179	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263908	NV105263732	TN 180	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263909	NV105263732	TN 181	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263910	NV105263732	TN 182	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263911	NV105263732	TN 183	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263912	NV105263732	TN 184	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263913	NV105263732	TN 185	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263914	NV105263732	TN 186	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263915	NV105263732	TN 187	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263916	NV105263732	TN 188	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263917	NV105263732	TN 189	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263918	NV105263732	TN 190	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/24/2021
NV105263983	NV105263732	TN 255	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263984	NV105263732	TN 256	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263985	NV105263732	TN 257	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263986	NV105263732	TN 258	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263987	NV105263732	TN 259	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263988	NV105263732	TN 260	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263989	NV105263732	TN 261	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263990	NV105263732	TN 262	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105263991	NV105263732	TN 263	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	06/26/2021
NV105838365	NV105838365	TN 301	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838366	NV105838365	TN 302	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838367	NV105838365	TN 303	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838368	NV105838365	TN 304	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838369	NV105838365	TN 305	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838370	NV105838365	TN 306	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838371	NV105838365	TN 307	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838372	NV105838365	TN 308	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838373	NV105838365	TN 309	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838374	NV105838365	TN 310	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838375	NV105838365	TN 311	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838376	NV105838365	TN 312	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838377	NV105838365	TN 313	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838378	NV105838365	TN 314	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838379	NV105838365	TN 315	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838380	NV105838365	TN 316	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838381	NV105838365	TN 317	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838382	NV105838365	TN 318	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838383	NV105838365	TN 319	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838384	NV105838365	TN 320	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838385	NV105838365	TN 321	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838386	NV105838365	TN 322	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838387	NV105838365	TN 323	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838388	NV105838365	TN 324	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838389	NV105838365	TN 325	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838390	NV105838365	TN 326	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838391	NV105838365	TN 327	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838392	NV105838365	TN 328	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023

NV105838393	NV105838365	TN 329	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838394	NV105838365	TN 330	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838395	NV105838365	TN 331	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838396	NV105838365	TN 332	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838397	NV105838365	TN 333	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838398	NV105838365	TN 334	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838399	NV105838365	TN 335	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838400	NV105838365	TN 336	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV105838401	NV105838365	TN 337	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	03/19/2023
NV106306811	NV106306811	TN 338	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306812	NV106306811	TN 339	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306813	NV106306811	TN 340	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306814	NV106306811	TN 341	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306815	NV106306811	TN 342	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306816	NV106306811	TN 343	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306817	NV106306811	TN 344	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306818	NV106306811	TN 345	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306819	NV106306811	TN 346	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306820	NV106306811	TN 347	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306821	NV106306811	TN 348	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306822	NV106306811	TN 349	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306823	NV106306811	TN 350	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306824	NV106306811	TN 351	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306825	NV106306811	TN 352	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306826	NV106306811	TN 353	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306827	NV106306811	TN 354	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306828	NV106306811	TN 355	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306829	NV106306811	TN 356	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306830	NV106306811	TN 357	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306831	NV106306811	TN 358	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306832	NV106306811	TN 359	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023
NV106306833	NV106306811	TN 360	BLACKROCK GOLD CORP	NYE	FILED	LODE CLAIM	05/14/2023

Silver Cloud Unpatented Claims

Silver Cloud Project - Claim Exhibit A

Lead Serial Number	Serial Number	Claim Name	Location Date	Claimant Name	Case Type	Disposition	Meridian Township Range Section	County	Last Assmt Year
NMC792858	NMC792858	ISC 101	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792859	ISC 102	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792860	ISC 103	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792861	ISC 104	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792862	ISC 105	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792863	ISC 106	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792864	ISC 107	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC792858	NMC792865	ISC 108	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792866	ISC 109	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC792858	NMC792867	ISC 110	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC792858	NMC792868	ISC 111	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC792858	NMC792869	ISC 112	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC792858	NMC792870	ISC 113	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC792858	NMC792871	ISC 114	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC792858	NMC792872	ISC 115	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC792858	NMC792873	ISC 116	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC792858	NMC792874	ISC 117	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792875	ISC 118	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792876	ISC 119	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792877	ISC 120	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792878	ISC 121	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792879	ISC 122	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792880	ISC 123	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792881	ISC 124	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792882	ISC 125	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792883	ISC 126	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792884	ISC 127	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792885	ISC 128	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC792858	NMC792886	ISC 129	09/01/1998	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019

Silver Cloud Project - Claim Exhibit A

Lead Serial Number	Serial Number	Claim Name	Location Date	Claimant Name	Case Type	Disposition	Meridian Township Range Section	County	Last Ascent Year
NMC819238	NMC819241	SS 206	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 016	ELKO	2019
NMC819238	NMC819242	SS 207	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 016	ELKO	2019
NMC819238	NMC819243	SS 208	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 016	ELKO	2019
NMC819238	NMC819244	SEXSTONE 86	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819245	SEXSTONE 87	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819246	SEXSTONE 88	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819247	SEXSTONE 89	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819248	SEXSTONE 90	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819249	SEXSTONE 91	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819250	SEXSTONE 92	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819251	SEXSTONE 93	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819252	SEXSTONE 94	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819253	SEXSTONE 95	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819254	SEXSTONE 96	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819255	SEXSTONE 97	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819256	SEXSTONE 98	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819257	SEXSTONE 99	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819258	SEXSTONE 100	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819259	SEXSTONE 101	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819260	SEXSTONE 102	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819261	SEXSTONE 103	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819262	SEXSTONE 104	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819263	SEXSTONE 105	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819264	SEXSTONE 106	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819265	SEXSTONE 107	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819266	SEXSTONE 108	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819267	SEXSTONE 109	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819268	SEXSTONE 110	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819269	SEXSTONE 111	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819270	SEXSTONE 112	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819271	SEXSTONE 113	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819272	SEXSTONE 114	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819273	SEXSTONE 115	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 009	ELKO	2019
NMC819238	NMC819274	SEXSTONE 116	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819275	SEXSTONE 117	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819276	SEXSTONE 118	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819277	SEXSTONE 119	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819278	SEXSTONE 120	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819279	SEXSTONE 121	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819280	SEXSTONE 122	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819281	SEXSTONE 123	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819282	SEXSTONE 124	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819283	SEXSTONE 125	09/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC819238	NMC819284	NIMBUS 10	10/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 024	ELKO	2019
NMC819238	NMC819285	NIMBUS 11	10/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 024	ELKO	2019
NMC819238	NMC819286	NIMBUS 12	10/16/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 024	ELKO	2019
NMC819238	NMC819287	CIRRUS 1	10/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819288	CIRRUS 2	10/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819289	CIRRUS 3	10/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819290	CIRRUS 4	10/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819291	CIRRUS 5	10/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819292	CIRRUS 6	10/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819293	CIRRUS 7	10/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819294	CIRRUS 8	10/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819295	CIRRUS 9	10/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819296	CIRRUS 10	10/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819297	CIRRUS 11	10/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819298	CIRRUS 12	10/17/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819299	CIRRUS 13	10/17/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC8192900	CIRRUS 14	10/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819291	CIRRUS 15	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819292	CIRRUS 16	10/17/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819293	CIRRUS 17	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819294	CIRRUS 18	10/01/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819295	CIRRUS 19	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819296	CIRRUS 20	10/01/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819297	CIRRUS 21	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819298	CIRRUS 22	10/01/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC819299	CIRRUS 23	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC819238	NMC8192900	CIRRUS 24	10/01/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC819238	NMC819291	CIRRUS 25	10/02/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC819238	NMC819292	CIRRUS 26	10/01/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC819238	NMC819293	CIRRUS 27	10/02/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC819238	NMC819294	CIRRUS 28	10/01/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC819238	NMC819295	CIRRUS 29	10/02/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC819238	NMC819296	CIRRUS 30	10/02/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC819238	NMC819297	CIRRUS 31	10/02/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC819238	NMC819298	CIRRUS 32	10/02/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019

Silver Cloud Project - Claim Exhibit A

Lead Serial Number	Serial Number	Claim Name	Location Date	Claimant Name	Case Type	Disposition	Meridian Township Range Section	County	Last Assmt Year
NMC820945	NMC821013	CIRRUS 57	10/01/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821014	CIRRUS 58	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821015	CIRRUS 59	10/01/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821016	CIRRUS 60	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821017	CIRRUS 61	10/02/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821018	CIRRUS 62	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821019	CIRRUS 63	10/02/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821020	CIRRUS 64	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821021	CIRRUS 65	10/02/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821022	CIRRUS 66	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821023	CIRRUS 67	10/02/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821024	CIRRUS 68	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821025	CIRRUS 69	10/02/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821026	CIRRUS 70	10/07/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821027	CIRRUS 71	10/02/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821028	CIRRUS 72	10/07/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821029	CIRRUS 73	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 015	ELKO	2019
NMC820945	NMC821030	CIRRUS 74	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 015	ELKO	2019
NMC820945	NMC821031	CIRRUS 75	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 015	ELKO	2019
NMC820945	NMC821032	CIRRUS 76	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 015	ELKO	2019
NMC820945	NMC821033	CIRRUS 77	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 015	ELKO	2019
NMC820945	NMC821034	CIRRUS 78	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 015	ELKO	2019
NMC820945	NMC821035	CIRRUS 79	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 015	ELKO	2019
NMC820945	NMC821036	CIRRUS 80	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 015	ELKO	2019
NMC820945	NMC821037	CIRRUS 81	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821038	CIRRUS 82	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 015	ELKO	2019
NMC820945	NMC821039	CIRRUS 83	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821040	CIRRUS 84	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 015	ELKO	2019
NMC820945	NMC821041	CIRRUS 85	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821042	CIRRUS 86	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821043	CIRRUS 87	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821044	CIRRUS 88	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821045	CIRRUS 89	10/07/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821046	CIRRUS 90	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821047	CIRRUS 91	10/07/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821048	CIRRUS 92	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821049	CIRRUS 93	10/07/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821050	CIRRUS 94	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821051	CIRRUS 95	10/07/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821052	CIRRUS 96	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 024	ELKO	2019
NMC820945	NMC821053	CIRRUS 97	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821054	CIRRUS 98	10/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821055	CIRRUS 99	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821056	CIRRUS 100	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821057	CIRRUS 101	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821058	CIRRUS 102	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821059	CIRRUS 103A	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821060	CIRRUS 103B	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821061	CIRRUS 104	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821062	CIRRUS 105	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821063	CIRRUS 106	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821064	CIRRUS 107	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821065	CIRRUS 108	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821066	CIRRUS 109	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821067	CIRRUS 110	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821068	CIRRUS 111	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821069	CIRRUS 112	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821070	CIRRUS 113	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821071	CIRRUS 114	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821072	CIRRUS 115	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821073	CIRRUS 116	10/07/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821074	CIRRUS 117	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821075	CIRRUS 118	10/07/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821076	CIRRUS 119	10/08/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821077	CIRRUS 120	10/09/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821078	CIRRUS 121	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821080	CIRRUS 122	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821081	CIRRUS 123	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821082	CIRRUS 125	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821083	CIRRUS 126	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821084	CIRRUS 127	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821085	CIRRUS 128	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821086	CIRRUS 129	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821087	CIRRUS 130	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821088	CIRRUS 131	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821089	CIRRUS 132	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821090	CIRRUS 133	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821091	CIRRUS 134	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821092	CIRRUS 135	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821093	CIRRUS 136	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821094	CIRRUS 137	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821095	CIRRUS 138	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019
NMC820945	NMC821096	CIRRUS 139	09/30/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 022	ELKO	2019

Silver Cloud Project - Claim Exhibit A

Lead Serial Number	Serial Number	Claim Name	Location Date	Claimant Name	Case Type	Disposition	Meridian Township Range Section	County	Last Asent Year
NMC820945	NMC821116	ISC 135	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC820945	NMC821117	ISC 147	09/19/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 035	ELKO	2019
NMC820945	NMC821118	ISC 148	09/19/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 035	ELKO	2019
NMC820945	NMC821119	ISC 157	09/19/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821120	ISC 158	09/19/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821121	ISC 159	09/19/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821122	ISC 160	09/19/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821123	ISC 167	09/19/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 035	ELKO	2019
NMC820945	NMC821124	ISC 168	09/19/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 035	ELKO	2019
NMC820945	NMC821125	ISC 169	09/19/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 035	ELKO	2019
NMC820945	NMC821126	ISC 170	09/19/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 035	ELKO	2019
NMC820945	NMC821127	ISC 171	09/19/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 035	ELKO	2019
NMC820945	NMC821128	ISC 172	09/19/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 035	ELKO	2019
NMC820945	NMC821129	ISC 173	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC820945	NMC821130	ISC 175	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC820945	NMC821131	ISC 177	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC820945	NMC821132	ISC 178	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC820945	NMC821133	ISC 179	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC820945	NMC821134	ISC 180	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC820945	NMC821135	ISC 181	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC820945	NMC821136	ISC 182	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC820945	NMC821137	ISC 183	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC820945	NMC821138	ISC 184	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 025	ELKO	2019
NMC820945	NMC821139	ISC 207	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0480E 030	ELKO	2019
NMC820945	NMC821140	ISC 209	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0480E 030	ELKO	2019
NMC820945	NMC821141	ISC 211	10/06/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 030	ELKO	2019
NMC820945	NMC821142	ISC 213	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC820945	NMC821143	ISC 214	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821144	ISC 215	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821145	ISC 216	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821146	ISC 217	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821147	ISC 218	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821148	ISC 219	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 013	ELKO	2019
NMC820945	NMC821149	ISC 220	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC820945	NMC821150	ISC 225	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 036	ELKO	2019
NMC820945	NMC821151	ISC 226	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 036	ELKO	2019
NMC820945	NMC821152	ISC 235	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 036	ELKO	2019
NMC820945	NMC821153	ISC 236	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 036	ELKO	2019
NMC820945	NMC821154	ISC 237	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 036	ELKO	2019
NMC820945	NMC821155	ISC 238	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 036	ELKO	2019
NMC820945	NMC821156	ISC 239	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 036	ELKO	2019
NMC820945	NMC821157	ISC 240	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 036	ELKO	2019
NMC820945	NMC821158	ISC 241	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0480E 031	ELKO	2019
NMC820945	NMC821159	ISC 242	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0480E 031	ELKO	2019
NMC820945	NMC821160	ISC 243	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0480E 031	ELKO	2019
NMC820945	NMC821161	ISC 244	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0480E 031	ELKO	2019
NMC820945	NMC821162	ISC 245	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0480E 031	ELKO	2019
NMC820945	NMC821163	ISC 246	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0480E 031	ELKO	2019
NMC820945	NMC821164	ISC 247	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC820945	NMC821165	ISC 258	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 001	ELKO	2019
NMC820945	NMC821166	ISC 259	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 001	ELKO	2019
NMC820945	NMC821167	ISC 259B	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 035	ELKO	2019
NMC820945	NMC821168	ISC 260	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 001	ELKO	2019
NMC820945	NMC821169	ISC 260B	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 001	ELKO	2019
NMC820945	NMC821170	ISC 261	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 001	ELKO	2019
NMC820945	NMC821171	ISC 261B	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 035	ELKO	2019
NMC820945	NMC821172	ISC 262	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 001	ELKO	2019
NMC820945	NMC821173	ISC 262B	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 035	ELKO	2019
NMC820945	NMC821174	ISC 263	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821175	ISC 263B	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821176	ISC 264	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821177	ISC 264B	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821178	ISC 265	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821179	ISC 265B	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821180	ISC 266	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821181	ISC 266B	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821182	ISC 267	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821183	ISC 268	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821184	ISC 269	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821185	ISC 270	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821186	ISC 271	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 001	ELKO	2019
NMC820945	NMC821187	ISC 272	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 001	ELKO	2019
NMC820945	NMC821188	ISC 273	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 001	ELKO	2019
NMC820945	NMC821189	ISC 274	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 001	ELKO	2019
NMC820945	NMC821190	ISC 275	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821191	ISC 276	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821192	ISC 277	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821193	ISC 278	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821194	ISC 279	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821195	ISC 280	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821196	ISC 281	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821197	ISC 282	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019
NMC820945	NMC821198	ISC 283	09/21/2000	PESCIO CARL	LODE	ACTIVE	21 0360N 0470E 002	ELKO	2019

Silver Cloud Project - Claim Exhibit A

Lead Serial Number	Serial Number	Claim Name	Location Date	Claimant Name	Case Type	Disposition	Meridian Township Range Section	County	Last Assmt Year
NMC820945	NMC821219	ISC 328	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC820945	NMC821220	ISC 329	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC820945	NMC821221	ISC 330	09/20/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC820945	NMC821222	ISC 331	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 034	ELKO	2019
NMC820945	NMC821223	ISC 332	09/24/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 034	ELKO	2019
NMC820945	NMC821224	ISC 333	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC820945	NMC821225	ISC 334	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC820945	NMC821226	ISC 335	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC820945	NMC821227	ISC 336	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC820945	NMC821228	ISC 337	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC820945	NMC821229	ISC 338	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC820945	NMC821230	ISC 339	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC820945	NMC821231	ISC 340	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC820945	NMC821232	ISC 341	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC820945	NMC821233	ISC 342	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC820945	NMC821234	ISC 343	10/04/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC82011	NMC822011	NMBUS 19	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 012	ELKO	2019
NMC822011	NMC822012	NMBUS 20	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 012	ELKO	2019
NMC822011	NMC822013	NMBUS 21	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 012	ELKO	2019
NMC822011	NMC822014	NMBUS 22	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 012	ELKO	2019
NMC822011	NMC822015	NMBUS 23	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822016	NMBUS 24	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822017	NMBUS 25	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822018	NMBUS 25A	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822019	NMBUS 26	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822020	NMBUS 26A	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822021	NMBUS 27	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 011	ELKO	2019
NMC822011	NMC822022	NMBUS 28	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC822011	NMC822023	NMBUS 29	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 011	ELKO	2019
NMC822011	NMC822024	NMBUS 30	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC822011	NMC822025	NMBUS 31	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 011	ELKO	2019
NMC822011	NMC822026	NMBUS 32	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 013	ELKO	2019
NMC822011	NMC822027	NMBUS 33	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 012	ELKO	2019
NMC822011	NMC822028	NMBUS 34	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 013	ELKO	2019
NMC822011	NMC822029	NMBUS 35	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 012	ELKO	2019
NMC822011	NMC822030	NMBUS 36	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 013	ELKO	2019
NMC822011	NMC822031	NMBUS 37	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 012	ELKO	2019
NMC822011	NMC822032	NMBUS 38	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 013	ELKO	2019
NMC822011	NMC822033	NMBUS 39	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 012	ELKO	2019
NMC822011	NMC822034	NMBUS 40	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 013	ELKO	2019
NMC822011	NMC822035	NMBUS 41	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 012	ELKO	2019
NMC822011	NMC822036	NMBUS 42	11/11/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822037	NMBUS 43	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822038	NMBUS 44	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822039	NMBUS 45	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822040	NMBUS 46	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822041	NMBUS 47	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822042	NMBUS 48	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822043	NMBUS 49	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822044	NMBUS 50	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822045	NMBUS 51	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822046	NMBUS 52	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822047	NMBUS 53	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822048	NMBUS 54	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822049	NMBUS 55	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822050	NMBUS 56	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822051	NMBUS 57	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822052	NMBUS 58	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822053	NMBUS 59	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822054	NMBUS 60	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822055	NMBUS 61	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822056	NMBUS 62	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822057	NMBUS 63	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822058	NMBUS 64	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822059	NMBUS 65	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822060	NMBUS 66	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822061	NMBUS 67	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822062	NMBUS 68	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822063	NMBUS 69	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822064	NMBUS 70	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822065	NMBUS 71	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822066	NMBUS 72	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 001	ELKO	2019
NMC822011	NMC822067	NMBUS 73	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822068	NMBUS 74	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822069	NMBUS 75	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822070	NMBUS 76	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC822011	NMC822071	NMBUS 77	12/03/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019

Silver Cloud Project - Claim Exhibit A

Lead Serial Number	Serial Number	Claim Name	Location Date	Claimant Name	Case Type	Disposition	Meridian Township Range Section	County	Last Assent Year
NMC822011	NMC822097	NIMBUS 1001	12/05/2000	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 012	ELKO	2019
NMC823028	NMC823028	NIMBUS 102	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823029	NIMBUS 103	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823030	NIMBUS 104	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823031	NIMBUS 105	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823032	NIMBUS 106	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823033	NIMBUS 107	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823034	NIMBUS 108	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823035	NIMBUS 109	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823036	NIMBUS 110	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823037	NIMBUS 111	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823038	NIMBUS 112	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC823028	NMC823039	NIMBUS 113	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC823028	NMC823040	NIMBUS 114	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC823028	NMC823041	NIMBUS 115	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC823028	NMC823042	NIMBUS 116	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC823028	NMC823043	NIMBUS 117	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC823028	NMC823044	NIMBUS 118	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823045	NIMBUS 119	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823046	NIMBUS 120	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC823028	NMC823047	NIMBUS 121	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823048	NIMBUS 122	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC823028	NMC823049	NIMBUS 123	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC823028	NMC823050	NIMBUS 124	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC823028	NMC823051	NIMBUS 125	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC823028	NMC823052	NIMBUS 126	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019
NMC823028	NMC823053	NIMBUS 127	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 002	ELKO	2019
NMC823028	NMC823054	NIMBUS 128	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC823028	NMC823055	NIMBUS 129	01/18/2001	PESCIO CARL	LODE	ACTIVE	21 0370N 0470E 003	ELKO	2019
NMC932332	NMC932332	FYR 194	07/30/2006	GEOLOGIX (US) INC	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC932332	NMC932333	FYR 199	07/30/2006	GEOLOGIX (US) INC	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC932332	NMC932334	FYR 200	07/30/2006	GEOLOGIX (US) INC	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC932332	NMC932335	FYR 201	07/30/2006	GEOLOGIX (US) INC	LODE	ACTIVE	21 0370N 0470E 026	ELKO	2019
NMC932332	NMC932336	STRATUS 1	07/30/2006	GEOLOGIX (US) INC	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC932332	NMC932337	STRATUS 2	07/30/2006	GEOLOGIX (US) INC	LODE	ACTIVE	21 0370N 0470E 023	ELKO	2019
NMC932332	NMC932338	STRATUS 3	07/30/2006	GEOLOGIX (US) INC	LODE	ACTIVE	21 0370N 0470E 014	ELKO	2019
NMC932332	NMC932339	STRATUS 4	07/30/2006	GEOLOGIX (US) INC	LODE	ACTIVE	21 0370N 0470E 010	ELKO	2019

Page 6

West Silver Cloud Unpatented Claims

West Silver Cloud Project - Claim Exhibit A

Serial Number	Lead Serial Number	Claim Name	Location Date	Calimant Name	Case Type	Disposition	Meridian Township	County	Last Asomt Year
NMC1001164	NMC1001141	NNR NO. 1	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 034	ELKO	2019
NMC1001165	NMC1001141	NNR NO. 2	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 034	ELKO	2019
NMC1001166	NMC1001141	NNR NO. 3	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 034	ELKO	2019
NMC1001167	NMC1001141	NNR NO. 4	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 034	ELKO	2019
NMC1001172	NMC1001141	NNR NO. 9	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001173	NMC1001141	NNR NO. 10	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001174	NMC1001141	NNR NO. 11	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001175	NMC1001141	NNR NO. 12	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001176	NMC1001141	NNR NO. 13	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001177	NMC1001141	NNR NO. 14	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001178	NMC1001141	NNR NO. 15	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001179	NMC1001141	NNR NO. 16	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001180	NMC1001141	NNR NO. 17	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001181	NMC1001141	NNR NO. 18	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001182	NMC1001141	NNR NO. 19	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001183	NMC1001141	NNR NO. 20	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001184	NMC1001141	NNR NO. 21	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001185	NMC1001141	NNR NO. 22	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001190	NMC1001141	NNR NO. 37	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019
NMC1001191	NMC1001141	NNR NO. 38	09/11/2008	BLACKROCK GOLD	LODE	ACTIVE	21 0370N 0470E 027	ELKO	2019

SCHEDULE "B"

DETAILS AS TO OUTSTANDING CONVERTIBLE SECURITIES

As of the date hereof, the Outstanding Convertible Securities of the Corporation are as follows:

44,318,925 warrants
9,227,256 stock options
361,500 restricted share units
317,362 deferred share units
1,110,097 performance share units

SCHEDULE "C"

COMPLIANCE WITH UNITED STATES SECURITIES LAWS

Capitalized terms used in this Schedule C and not defined herein have the meaning ascribed thereto in the underwriting agreement among Raymond James Ltd., Red Cloud Securities Inc., Research Capital Corporation and Ventum Financial Corp. (collectively, the "Underwriters") and Blackrock Silver Corp. (the "Corporation") dated effective January 27, 2025 to which this Schedule "C" is annexed, and the following terms shall have the meanings indicated:

(a) "Directed Selling Efforts" means "directed selling efforts" as that term is defined in Rule 902(c) of Regulation S, which, without limiting the foregoing, but for greater clarity in this Schedule, includes, subject to the exclusions from the definition of directed selling efforts contained in Regulation S, any activity undertaken for the purpose of, or that could reasonably be expected to have the effect of, conditioning the market in the United States for the Offered Units and includes the placement of any advertisement in a publication with a general circulation in the United States that refers to the Offering;

(b) "Disqualification Event" means any of the "Bad Actor" disqualifications described in Rule 506(d)(1)(i) to (viii) of Regulation D;

(c) "Foreign Private Issuer" means a "foreign private issuer" as that term is defined in Rule 405 under the U.S. Securities Act;

(d) "General Solicitation" and "General Advertising" mean "general solicitation" and "general advertising", respectively, as used in Rule 502(c) under the U.S. Securities Act, including, without limitation, advertisements, articles, notices or other communications published in any newspaper, magazine or similar media or broadcast over radio or television or the internet, or any seminar or meeting whose attendees had been invited by general solicitation or general advertising;

(e) "Investment Company Act" means the U.S. Investment Company Act of 1940, as amended, and the rules and regulations promulgated thereunder;

(f) "Offshore Transaction" means an "offshore transaction" as that term is defined in Rule 902(h) of Regulation S;

(g) "Qualified Institutional Buyer" means a "qualified institutional buyer" as such term is defined in Rule 144A;

(h) "Regulation D" means Regulation D adopted by the SEC under the U.S. Securities Act;

(i) "Rule 144A" means Rule 144A under the U.S. Securities Act;

(j) "Substantial U.S. Market Interest" means "substantial U.S. market interest" as that term is defined in Rule 902(j) of Regulation S;

(k) "United States" means "United States" as that term is defined in Rule 902(l) of Regulation S;

(I) "U.S. Accredited Investor" means an "accredited investor" within the meaning of Rule 501(a) of Regulation D;

(m) "U.S. Selling Group Member" of any Underwriter means the U.S. registered broker-dealer affiliate of such Underwriter;

(n) "U.S. Purchasers" means purchasers of Offered Units in the Offering who (i) are in the United States or are U.S. Persons, (ii) are purchasing for account or benefit of U.S. Persons, (iii) were offered the Offered Units in the United States, or (iv) placed their order to purchase the Offered Units from within the United States; and

(o) "U.S. Purchaser's Letter" means the Qualified Institutional Buyer Letter or Subscription Agreement for Accredited Investors, as the case may be, in substantially the same form appended to the U.S. Placement Memorandum as Exhibits I and II thereto, respectively.

Representations, Warranties and Covenants of the Underwriters

Each of the Underwriters (for and on behalf of itself and the U.S. Selling Group Members) acknowledges that the Offered Units, Unit Securities and the Warrant Shares (collectively, the "Securities") have not been and will not be registered under the U.S. Securities Act or any applicable securities laws of any state of the United States, and such securities may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. Persons, except in accordance with an exemption from the registration requirements of the U.S. Securities Act and any applicable securities laws of any state of the United States. Accordingly, each of the Underwriters (for and on behalf of itself and the U.S. Selling Group Members) severally represent, warrant and covenant to the Corporation as of the date hereof and the Closing Date that:

the Securities have not been and will not be registered under the U.S. Securities Act or any applicable securities laws of any state of the United States and may be offered and sold only in transactions exempt from or not subject to the registration requirements of the U.S. Securities Act and applicable securities laws of any state of the United States. The Securities sold to U.S. Purchasers will be "restricted securities" within the meaning of Rule 144(a)(3) under the U.S. Securities Act and that the Securities sold under Rule 506(b) of Regulation D and/or Section 4(a)(2) of the U.S. Securities Act and similar exemptions under applicable securities laws of any state of the United States will bear a legend to such effect. It has offered for sale the Offered Units only as follows: (a) in Offshore Transactions in accordance with Rule 903 of Regulation S; or (b) offers of the Offered Units in the United States or to, or for the account or benefit of, U.S. Persons either (i) to Qualified Institutional Buyers pursuant to Rule 144A, or (ii) Substituted Purchasers that are U.S. Accredited Investors pursuant to Rule 506(b) of Regulation D and/or Section 4(a)(2) of the U.S. Securities Act and in each case pursuant to similar exemptions under applicable securities laws of any state of the United States, as provided in the paragraphs set forth below. Accordingly, none of the Underwriters, its U.S. Selling Group Member, any of their affiliates or any persons acting on behalf of any of them, has made or will make (except as permitted in the paragraphs set forth below) any: (x) offer to sell, or any solicitation of an offer to buy, any of the Offered Units in the United States or to, or for the account or benefit of, any U.S. Person; (y) any sale of the Offered Units to any purchaser unless, at the time the buy order was or will have been originated, the purchaser was outside the United States, not a U.S. Person and not acting for the account or benefit of a U.S. Person, or such Underwriter, U.S. Selling Group Member, affiliate or person acting

on any of their behalf reasonably believed that such purchaser was outside the United States, not a U.S. Person and not acting for the account or benefit of a U.S. Person; or (z) Directed Selling Efforts;

the sale of the Offered Units in the United States or to, or for the account or benefit of, U.S. Persons will be made only by the Underwriters or their respective U.S. Selling Group Member, acting as sub-agents, (i) pursuant to Rule 144A to persons who are, or are reasonably believed by them to be, Qualified Institutional Buyers, or (ii) pursuant to a private placement exemption provided by Rule 506(b) of Regulation D and/or Section 4(a)(2) of the U.S. Securities Act to Substituted Purchasers that are U.S. Accredited Investors, and in each case, in compliance with any applicable securities laws of any state of the United States. The Offered Units sold to persons in the United States or, of for the account or benefit of, U.S. Persons will be "restricted securities" within the meaning of Rule 144(a)(3) under the U.S. Securities Act and that Offered Units sold to U.S. Accredited Investors will bear a legend to such effect. Each Qualified Institutional Buyer and each U.S. Accredited Investor shall have made the representations, warranties and agreement set forth in their respective U.S. Purchaser's Letter;
it and its affiliates, including its U.S. Selling Group Member, have not, (i) either directly, or through a person acting on its or their behalf solicited and will not solicit offers for, and have not offered to sell and will not offer to sell, any of the Offered Units in the United States or to, or for the account or benefit of, U.S. Persons by any form of General Solicitation or General Advertising, Directed Selling Efforts or in any manner involving a public offering within the meaning of Section 4(a)(2) of the U.S. Securities Act, or (ii) taken or will take any action (including the sale of Securities in the United States or to, or for the account or benefit of, U.S. Persons) that would cause the exemptions afforded by Rule 144A, Rule 506(b) of Regulation D and/or Section 4(a)(2) of the U.S. Securities Act to become unavailable with respect to the offer and sale of the Offered Units in the United States or to, or for the account or benefit of, U.S. Persons or that would cause the exclusion from such registration requirements set forth in Rule 903 of Regulation S to become unavailable with respect to the offer and sale of the Offered Units in Offshore Transactions outside the United States to non-U.S. Persons pursuant to this Underwriting Agreement;
it has not entered and will not enter into any contractual arrangement with respect to the distribution of the Offered Units, except with its U.S. Selling Group Member, any Selling Group members or with the prior written consent of the Corporation;
it shall cause its U.S. Selling Group Member to agree, and it shall require each Selling Group member to agree, for the benefit of the Corporation, to comply with, and shall cause its U.S. Selling Group Member and shall use its commercially reasonable efforts to ensure that, each Selling Group member complies with, the provisions of this Schedule "C" applicable to the Underwriter as if such provisions applied to such U.S. Selling Group Member or Selling Group member, as applicable;
on the dates of such offers and sales, the Underwriter's U.S. Selling Group Member was and will be duly registered as a broker-dealer under the U.S. Exchange Act and under all applicable securities laws of any state of the United States (unless exempt therefrom) and a member of, and in good standing with, the Financial Industry Regulatory Authority, Inc.;

5 -
all offers and sales of Offered Units to, or for the account or benefit of, U.S. Persons have been and shall be made by the Underwriter by or through its U.S. Selling Group Member in accordance with all applicable broker-dealer laws and regulations and in compliance with this Schedule "C";
each U.S. Selling Group Member selling the Offered Units to Qualified Institutional Buyers pursuant to Rule 144A in the United States is a Qualified Institutional Buyer;
it has informed or will inform (and has caused or will cause its U.S. Selling Group Member to inform, as applicable) all U.S. Purchasers that the Securities have not been and will not be registered under the U.S. Securities Act or any applicable securities laws of any state of the United States and the Offered Units are being offered and sold to such purchasers without registration in reliance on the exemption from the registration requirements of the U.S. Securities Act provided by Rule 144A or Rule 506(b) of Regulation D and/or Section 4(a)(2) of the U.S. Securities Act and in compliance with any applicable securities laws of any state of the United States; and that the Offered Units sold in the United States or to, or for the account or benefit of, U.S. Persons will be "restricted securities" as defined in Rule 144(a)(3) under the U.S. Securities Act and may not be exercised, offered, sold, pledged or otherwise transferred, directly or indirectly, except pursuant to a registration statement under United States federal and state securities laws or an available exemption from such registration requirements and in compliance with the restrictions set forth in the documents and agreements governing such securities;
none of the Underwriter, its U.S. Selling Group Member or any person acting on any of their behalf has taken or will take, directly or indirectly, any action in violation of Regulation M under the U.S. Exchange Act in connection with the offering of the Securities contemplated hereby;
it has caused or shall cause its U.S. Selling Group Member to deliver (i) a copy of the U.S. Placement Memorandum, to each of its offerees in the United States, or that is, or that is purchasing for the account or benefit of, a U.S. Person, and (ii) a copy of the U.S. Placement Memorandum to each U.S. Purchaser at or prior to the time of purchase of Offered Units, and no other written material other than the U.S. Placement Memorandum and the Corporation Marketing Materials has been or shall be used in connection with the offer or sale of the Offered Units in the United States or to, or for the account or benefit of, U.S. Persons;
offers and sales of the Offered Units in the United States or to, or for the account or benefit of, U.S. Persons shall be made in accordance with exemptions from the registration or qualification requirements of all applicable state securities or "blue sky" laws;
it acknowledges that until 40 days after the commencement of the offering of the Offered Units, an offer or sale of the Offered Units within the United States or to, or for the account or benefit of, U.S. Persons by any dealer (whether or not participating in this Offering) may violate the registration requirement of the U.S. Securities Act if such offer or sale is made otherwise than in accordance with an exemption from the registration requirement of the U.S. Securities Act;
at the Time of Closing, it, together with its U.S. Selling Group Member offering or selling Offered Units in the United States or to, or for the account or benefit of, U.S. Persons, will provide a certificate, substantially in the form of Exhibit I to this Schedule "C", relating to

the manner of the offer and sale of the Offered Units in the United States or to, or for the account or benefit of, U.S. Persons or it will be deemed to have represented and warranted for the benefit of the Corporation that neither it nor its U.S. Selling Group Member offered or sold any of the Offered Units in the United States or to, or for the account or benefit of, U.S. Persons;

it will not complete a sale of Offered Units to any purchaser in the United States or to, or for the account or benefit of, U.S. Persons unless it has received and it has delivered to the Corporation, prior to the Time of Closing, a signed copy of each U.S. Purchaser's Letter, from each of the U.S. Purchasers to which it sold Offered Units;
it represents and warrants that with respect to the Securities to be sold in reliance on Rule 506(b) of Regulation D ("Regulation D Securities"), if any, none of it, the U.S. Selling Group Member, or any of its or the U.S. Selling Group Member's directors, executive officers, general partners, managing members or other officers participating in the Offering, or any other person associated with the Underwriter who will receive, directly or indirectly, remuneration for solicitation of U.S. Purchasers of the Regulation D Securities pursuant to Rule 506(b) of Regulation D (each, a "Dealer Covered Person" and, together, "Dealer Covered Persons"), is subject to any Disqualification Event except for a Disqualification Event: (i) covered by Rule 506(d)(2) of Regulation D; and (ii) a description of which has been furnished in writing to the Corporation prior to the date hereof or, in the case of a Disqualification Event occurring after the date hereof, prior to the Closing Date. Neither it nor its U.S. Selling Group Member, if applicable, has paid or will pay, nor is it aware of any other person that has paid or will pay, directly or indirectly, any remuneration to any person (other than the Dealer Covered Persons) for solicitation of purchasers of Regulation D Securities;
The Underwriter represents that it is not aware of any person other than a Dealer Covered Person that has been or will be paid (directly or indirectly) remuneration for solicitation of U.S. Purchasers in connection with the sale of Regulation D Securities, if any. It will notify the Corporation, prior to the Closing Date of any agreement entered into between it and any such person in connection with such sale; and
it will notify the Corporation, in writing, prior to the Closing Date of: (i) any Disqualification Event relating to any Dealer Covered Person not previously disclosed to the Corporation in accordance with Section (16) above; and (ii) any event that would, with the passage of time, become a Disqualification Event relating to any Dealer Covered Person.

Representations, Warranties and Covenants of the Corporation

The Corporation represents, warrants and covenants to the Underwriters and the U.S. Selling Group Members as of the date hereof and the Closing Date that:

it is, and at each closing will be, a Foreign Private Issuer and reasonably believes there is no Substantial U.S. Market Interest in the Common Shares;
it is in compliance with all applicable provisions under Rule 903 of Regulation S;
it acknowledges that the Offered Units have not been and will not be registered under the U.S. Securities Act or any applicable securities laws of any state of the United States and that the Offered Units may be offered and sold only in transactions exempt from or not

subject to the registration requirements of the U.S. Securities Act and applicable securities laws of any state of the United States. Except with respect to offers and sales in accordance with the Underwriting Agreement (including this Schedule "C") in the United States to, or for the account or benefit of, U.S. Persons that are (i) Qualified Institutional Buyers in reliance upon the exemption from registration provided by Rule 144A, and (ii) Substituted Purchasers that U.S. Accredited Investors in reliance on Rule 506(b) of Regulation D and/or Section 4(a)(2) of the U.S. Securities Act, and, in each case, pursuant to similar exemptions under applicable securities laws of any state of the United States, neither the Corporation nor any of its affiliates, nor any person acting on any their behalf (other than the Underwriters, the U.S. Selling Group Members or any members of the banking and the selling group formed by them (the "Selling Group"), as to whom the Corporation makes no representation), has made or will make: (A) any offer to sell, or any solicitation of an offer to buy, any of the Offered Units in the United States or to, or for the account or benefit of, a U.S. Person; or (B) any sale of the Offered Units unless, at the time the buy order was or will have been originated, the purchaser is (i) outside the United States, not a U.S. Person and is not acting for the account or benefit of a U.S. Person, or (ii) the Corporation, its affiliates, and any person acting on any of their behalf reasonably believe that the purchaser is outside the United States, not a U.S. Person and not acting the for the account or benefit of a U.S. Person;

in connection with offers and sales of the Offered Units outside the United States to non-U.S. Persons, the Corporation, each of its affiliates, and any person acting on its or their behalf (other than the Underwriters and their U.S. Selling Group Members or any Selling Group member, as to which no representation, warranty, covenant or agreement is made) have complied and will comply with the requirements for an Offshore Transaction;
none of the Corporation, any of its affiliates or any person acting on its or their behalf (other than the Underwriters, the U.S. Selling Group Members or any members of the Selling Group, as to whom the Corporation makes no representation) (i) has offered or will knowingly offer to sell, or has solicited or will solicit offers to buy, any of the Offered Units in the United States or to, or for the account or benefit of, U.S. Persons, by means of any form of General Solicitation or General Advertising or in any manner involving a public offering within the meaning of Section 4(a)(2) of the U.S. Securities Act; (ii) has engaged or will engage in any Directed Selling Efforts or has taken or will take any action (including the sale of securities to, or for the account or benefit of, persons in the United States or U.S. Persons) that would cause the exemptions afforded by Rule 144A or Rule 506(b) of Regulation D and/or Section 4(a)(2) of the U.S. Securities Act to become unavailable with respect to the offer and sale of the Offered Units in the United States or to, or for the account or benefit of, U.S. Persons or which would cause the exclusion from such registration requirements set forth in Rule 903 of Regulation S to become unavailable with respect to the offer and sale of the Offered Units in Offshore Transactions outside the United States to non-U.S. Persons; or (iii) has taken or will take, directly or indirectly, any action in violation of Regulation M under the U.S. Exchange Act in connection with respect to the offer and sale of the Offered Units;
for so long as any of the Offered Units which have been sold in the United States in reliance upon Rule 144A are outstanding and are "restricted securities" within the meaning of Rule 144(a)(3) under the U.S. Securities Act, and if the Corporation is not subject to and in compliance with the reporting requirements of Section 13 or 15(d) of, or exempt from reporting pursuant to Rule 12g3-2(b) under, the U.S. Exchange Act, the Corporation will furnish to any holder of the Offered Units in the United States and any prospective

purchaser of the Offered Units designated by such holder in the United States, upon request of such holder, the information required to be delivered pursuant to Rule 144A(d)(4) under the U.S. Securities Act (so long as such requirement is necessary in order to permit holders of the Offered Units to effect resales under Rule 144A);

the Corporation has not, for a period beginning thirty days prior to the commencement of the Offering, sold, offered for sale or solicited any offer to buy any of the Corporation's securities and will not do so during the Offering or for a period of thirty days following the completion of this Offering in the United States or to, or for the account or benefit of, U.S. Persons in a manner that would be integrated with, and would cause the exemption provided by Rule 144A or Rule 506(b) of Regulation D and/or Section 4(a)(2) of the U.S. Securities Act and similar exemptions under applicable securities laws of any state of the United States to become unavailable with respect to, the offer and sale of the Offered Units to, or for the account or benefit of, persons in the United States or U.S. Persons as contemplated by this Underwriting Agreement;
the Common Shares and Offered Units are not, and as of the Time of Closing, as the case may be, will not be, and no securities of the same class as the Common Shares or Offered Units are:

(a) (i) listed on a national securities exchange in the United States registered under Section 6 of the U.S. Exchange Act; (ii) quoted in an "automated inter-dealer quotation system", as such term is used in the U.S. Exchange Act; or (iii) convertible or exchangeable into, or exercisable for, securities so listed or quoted at an effective conversion or exercise premium (calculated as specified in paragraph (a)(6) and 22 of Rule 144A) upon issuance of less than ten percent for securities so listed or quoted;

(b) in connection with the initial resale of the Offered Units to Qualified Institutional Buyers in the Offering, the Corporation shall make available to such Qualified Institutional Buyers the information required to be provided pursuant to Rule 144A(d)(4) under the U.S. Securities Act;

(c) the Corporation is not, and after giving effect to the Offering and the application of the proceeds as described in the Prospectus will not be, registered as an investment company nor will it be required to register as an investment company within the meaning of the Investment Company Act; and

(d) none of the Corporation's securities are registered or are required to be registered under Section 12 of the U.S. Exchange Act and the Corporation does not, and will not upon the offer and sale of the Offered Units, have a reporting obligation under Section 13 or Section 15(d) of the U.S. Exchange Act;

none of the Corporation or any of its predecessors or affiliates has had the registration of a class of securities under the U.S. Exchange Act revoked by the SEC pursuant to Section 12(j) of the U.S. Exchange Act and any rules or regulations promulgated thereunder;
none of the Corporation or any of its predecessors or affiliates has been subject to any order, judgment or decree of any court of competent jurisdiction temporarily, preliminarily or permanently enjoining such person for failure to comply with Rule 503 of Regulation D;

9 -
the Corporation will complete and file with the SEC a Notice on Form D within 15 days after the first sale of Offered Units pursuant to Rule 506(b) of Regulation D, if any, and will make such filings with any applicable state securities commission as may be required by state law;
with respect to Regulation D Securities, if any, none of the Corporation, any of its predecessors, any affiliated issuer, any director, executive officer, other officer of the Corporation participating in the Offering, any beneficial owner of 20% or more of the Corporation's outstanding voting equity securities, calculated on the basis of voting power, nor any promoter (as that term is defined in Rule 405 under the U.S. Securities Act) connected with the Corporation in any capacity at the time of sale (each, an "Issuer Covered Person" and, together, "Issuer Covered Persons") is subject to any Disqualification Event, except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3) of Regulation D. The Corporation has exercised reasonable care to determine whether any Issuer Covered Person is subject to a Disqualification Event. The Corporation has complied, to the extent applicable, with its disclosure obligations under Rule 506(e) of Regulation D. The Corporation has not paid and will not pay, nor is it aware of any person that has paid or will pay, directly or indirectly, any remuneration to any person (other than the Dealer Covered Persons) for solicitation of purchasers of Regulation D Securities;
the Corporation is not aware of any person (other than any Issuer Covered Person or Dealer Covered Person) that has been or will be paid (directly or indirectly) remuneration for solicitation of Purchasers in connection with the sale of any Offered Securities pursuant to Rule 506(b) of Regulation D; and
the Corporation will notify the Underwriters, in writing, prior to the Closing Date of: (i) any Disqualification Event relating to any Issuer Covered Person; and (ii) any event that would, with the passage of time, become a Disqualification Event relating to any Issuer Covered Person.

ANNEX I TO SCHEDULE “C”

Underwriter’s Certificate

In connection with the private placement in the United States or to, or for the account or benefit of, persons in the United States or U.S. Persons of the securities of Blackrock Silver Corp. (the “Corporation”) pursuant to the underwriting agreement between the Corporation and the Underwriters named therein dated effective January 27, 2025 (the “Underwriting Agreement”), each of the undersigned does hereby certify to the Corporation as follows:

(a) all offers to sell, solicitations of offers to buy and sales of the Offered Units in the United States or to, or for the account or benefit of, U.S. Persons were made only by or through the U.S. Selling Group Member in compliance with all applicable United States state and federal broker-dealer requirements. The U.S. Selling Group Member is, and was at all relevant times, a Qualified Institutional Buyer, a duly registered broker or dealer with the SEC and in each state applicable to the U.S. Selling Group Member (unless exempt therefrom) and a member of and in good standing with the Financial Industry Regulatory Authority, Inc.;

(b) all offers and sales of the Offered Units in the United States or to, or for the account or benefit of, U.S. Persons have been conducted by us in accordance with the Underwriting Agreement, including Schedule “C” thereto;

(c) each purchaser of the Offered Units that was in the United States or that was a U.S. Person (and each purchaser of the Offered Units that was offered the Offered Units for the account or benefit of a U.S. Person or a person in the United States) was provided with a copy of the U.S. Placement Memorandum, and no other written material was used in connection with the offer and sale to any such purchaser;

(d) immediately prior to our making of any offers of Offered Units to offerees in the United States, that were U.S. Persons or that were acting for the account or benefit of a U.S. Person, we had reasonable grounds to believe and did believe that each such offeree was a Qualified Institutional Buyer or a U.S. Accredited Investor, and, on the date hereof, we have reasonable grounds to believe and continue to believe that each U.S. Purchaser of Offered Units is a Qualified Institutional Buyer or a U.S. Accredited Investor, as applicable;

(e) no form of General Solicitation or General Advertising was used by us in connection with the offer or sale of the Offered Units in the United States or to or for the account or benefit of, U.S. Persons and we did not engage in any Directed Selling Efforts in the United States in connection with the offer or sale of the Offered Units;

(f) all U.S. Purchasers who were offered the Offered Units have been informed that the Securities have not been and will not be registered under the U.S. Securities Act and are being offered and sold to such U.S. Purchasers without registration in reliance on available exemptions from the registration requirements of the U.S. Securities Act and applicable securities laws of any state of the United States;

(g) prior to any sale by us of Offered Units to U.S. Purchasers, each U.S. Purchaser provided an executed U.S. Purchaser's Letter, and we provided the Corporation with copies of all such completed and executed U.S. Purchaser's Letters; and

(h) with respect to the Offered Units, Unit Securities and Warrant Shares to be offered and sold hereunder in reliance upon Rule 506(b) of Regulation D, if any, none of the Dealer Covered Persons is subject to any Disqualification Event except for a Disqualification Event covered by Rule 506(d)(2) of Regulation D and a description of which has been furnished in writing to the Corporation prior to the date thereof, or in the case of a Disqualification Event occurring after the date thereof, prior to the Closing Date, and we have not paid or nor will we pay, nor are we aware of any other person that has paid or will pay, directly or indirectly, any remuneration to any person (other than the Dealer Covered Persons or Issuer Covered Persons) for solicitation of purchasers of such Securities.

Capitalized terms used in this certificate have the meanings given to them in the Underwriting Agreement (including Schedule "C" thereto) unless defined herein.

DATED as of this ___ day of _______, 2025

[UNDERWRITER]

By: _______
Authorized Signing Officer

[U.S. SELLING GROUP MEMBER]

By: _______
Authorized Signing Officer

AI assistant

Blackrock Silver Capital/Financing Update 2025

44944_rns_2025-01-27_4fbc8136-af20-4d03-bb2d-aa829f560fa0.pdf

UNDERWRITING AGREEMENT

ARTICLE 1- INTERPRETATION

1.1 In this Agreement,

ARTICLE 2- PURCHASE, SALE AND DISTRIBUTION

ARTICLE 3- REPRESENTATIONS, WARRANTIES AND COVENANTS

3.1 Representations, Warranties, Covenants and Acknowledgements of the Underwriters

3.2 Representations, Warranties and Covenants of the Corporation

ARTICLE 4- ADDITIONAL COVENANTS OF THE CORPORATION

ARTICLE 5 - CONDITIONS TO PURCHASE OBLIGATION

ARTICLE 6- CLOSING

ARTICLE 7– COMPENSATION OF THE UNDERWRITERS

ARTICLE 8 – TERMINATION OF PURCHASE OBLIGATION

ARTICLE 9- INDEMNITY

ARTICLE 10- CONTRIBUTION

ARTICLE 11- EXPENSES

ARTICLE 12- SURVIVAL OF WARRANTIES AND REPRESENTATIONS

ARTICLE 13- UNDERWRITERS' OBLIGATIONS

ARTICLE 14- ADVERTISEMENTS AND PRESS RELEASES

ARTICLE 15- CONFLICT OF INTEREST

ARTICLE 16- AUTHORITY OF RJL

ARTICLE 17- GENERAL CONTRACT PROVISIONS

RAYMOND JAMES LTD.

RED CLOUD SECURITIES INC.

RESEARCH CAPITAL CORPORATION

VENTUM FINANCIAL CORP.

SCHEDULE "C"

COMPLIANCE WITH UNITED STATES SECURITIES LAWS

Representations, Warranties and Covenants of the Underwriters

Representations, Warranties and Covenants of the Corporation

ANNEX I TO SCHEDULE “C”

Underwriter’s Certificate

AI assistant

Blackrock Silver — Capital/Financing Update 2025

44944_rns_2025-01-27_4fbc8136-af20-4d03-bb2d-aa829f560fa0.pdf

UNDERWRITING AGREEMENT

ARTICLE 1- INTERPRETATION

1.1 In this Agreement,

ARTICLE 2- PURCHASE, SALE AND DISTRIBUTION

ARTICLE 3- REPRESENTATIONS, WARRANTIES AND COVENANTS

3.1 Representations, Warranties, Covenants and Acknowledgements of the Underwriters

3.2 Representations, Warranties and Covenants of the Corporation

ARTICLE 4- ADDITIONAL COVENANTS OF THE CORPORATION

ARTICLE 5 - CONDITIONS TO PURCHASE OBLIGATION

ARTICLE 6- CLOSING

ARTICLE 7– COMPENSATION OF THE UNDERWRITERS

ARTICLE 8 – TERMINATION OF PURCHASE OBLIGATION

ARTICLE 9- INDEMNITY

ARTICLE 10- CONTRIBUTION

ARTICLE 11- EXPENSES

ARTICLE 12- SURVIVAL OF WARRANTIES AND REPRESENTATIONS

ARTICLE 13- UNDERWRITERS' OBLIGATIONS

ARTICLE 14- ADVERTISEMENTS AND PRESS RELEASES

ARTICLE 15- CONFLICT OF INTEREST

ARTICLE 16- AUTHORITY OF RJL

ARTICLE 17- GENERAL CONTRACT PROVISIONS

RAYMOND JAMES LTD.

RED CLOUD SECURITIES INC.

RESEARCH CAPITAL CORPORATION

VENTUM FINANCIAL CORP.

SCHEDULE "C"

COMPLIANCE WITH UNITED STATES SECURITIES LAWS

Representations, Warranties and Covenants of the Underwriters

Representations, Warranties and Covenants of the Corporation

ANNEX I TO SCHEDULE “C”

Underwriter’s Certificate

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Blackrock Silver Capital/Financing Update 2025