FireFly Metals Ltd. — Capital/Financing Update 2020

Nov 10, 2020

ASX: AUT 11 November 2020

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Results of up to 17 g/t outside Resource highlight scope for more resource growth

Mineralisation open in all directions; Emphasis now on identifying high-grade shoots to increase Resource of 1Moz at 11.3 g/t

KEY POINTS

• Reconnaissance drilling at the Pickle Crow gold project in Canada has defined multiple new mineralised envelopes with excellent geological continuity in the core mine trend

• These mineralised envelopes point to further growth in the Resource; Resource update scheduled for the first half of CY2021

• Mineralisation remains open in all directions in all target areas. Work will now focus on defining highgrade gold shoots within these mineralised envelopes

• Multiple new lodes discovered in Vein 13 drill area. Results from outside the existing resource include:

• 18.52m @ 2.75 g/t gold from 122.18m (include 1.38m @ 21.02 g/t gold from 131.94m) in 3-750-37-5

• 1.52m @ 12.34 g/t gold from 91.44m in 744-3

• 1.52m @ 17.28 g/t gold from 6.41m in 3-2-111 (no selvedge sampling)

• First two holes into Vein 5 SW extension have defined a target area of 200m x 200m; Results include: o 3.6m @ 8.2 g/t gold from 370m in AUDD0034A

• 2m @ 3.8 g/t gold from 138.45m in AUDD0032

• Previously reported Vein 5 Lode Extension now defined over 300m x 350m with visible gold in multiple drill holes, with results including:

• 0.6m @ 99.4 g/t gold from 167.4m in AUDD0017 (include 0.3m @ 181.0 g/t gold from 167.4m) refer ASX 01/09/2020

• 1.6m @ 25.8 g/t gold from 95m in AUDD0013 (include 0.6m @ 65.2 g/t gold from 95.7m) refer ASX 01/09/2020

• o 1.6m @ 19.6 g/t gold from 372m in AUDD0019 refer ASX 01/09/2020

• These results are all outside of the Independent JORC 2012 Inferred Resource for the Pickle Crow Gold Project of 1Moz @ 11.3 g/t gold refer ASX 01/09/2020

• The expanded diamond core drill program comprises 45,000m of drilling, with 58 holes for 12,927m completed, Drilling has been delayed slightly by the availability of drill crews; This has recently been rectified and a third rig is being mobilised to site.

• Auteco is well funded to expand the current exploration program with a current cash position of $31m.

ASX: AUT

Principal and Registered Office: Ground Floor 24 Outram Street West Perth WA 6005 ACN: 110 336 733

Ray Shorrocks - Executive Chairman Sam Brooks - Executive Technical Director Michael Naylor - Non-Executive Director Stephen Parsons - Non-Executive Director Nicholas Katris - Company Secretary

T: +61 8 9220 9030 E: info@autecominerals.com.au W: www.autecominerals.com.au

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Auteco Minerals Ltd ( Auteco or the Company ) (ASX: AUT ) is pleased to announce strong drilling results which highlight the potential to increase the 1Moz Inferred Resource at its Pickle Crow project in Ontario, Canada.

Reconnaissance drilling at Pickle Crow has defined multiple new extensive mineralised envelopes in several areas outside the existing JORC 2012 Inferred Resource of 1Moz at 11.3 g/t (refer ASX 01/09/2020).

In light of these encouraging results, work will now focus on defining high-grade gold shoots within the defined mineralised envelopes.

Auteco Executive Chairman, Ray Shorrocks, commented:

“The definition of multiple new areas of quartz vein-hosted mineralisation with excellent geological continuity and multiple instances of visible gold provides more evidence of the vast potential of Pickle Crow. This is the same style of mineralisation from which the mine produced 1.5Moz at 16 g/t historically[1] .

“At the current drill spacing, the defined mineralised envelopes are analogous to existing high-grade resources, giving us confidence that infill drilling will constrain the high-grade gold shoots within the envelopes and bring the defined areas into the Inferred Resource category.

“This ongoing success supports Auteco’s investment assumption that historical exploration activity at the Pickle Crow Gold Mine had been constrained by prevailing geological assumptions that were open to challenge through an open-minded approach to old datasets and a return to first principal geological techniques.

“And given the strength of the latest results, we remain on track to meet our intended Resource upgrade in the first half of 2021.”

FURTHER HIGHLIGHTS:

Auteco commenced its maiden drilling program at Pickle Crow in late May this year and now has a 45,000m diamond core drill programme underway. The Company intends to update the Resource in early 1H CY2021.

• Mineralisation is open on all lodes along strike and at depth.

• Resources are from the surface and are adjacent to existing underground mine development and infrastructure.

There is significant scope for resource expansion through further discoveries ‘in the shadow of the headframe’ as well as along strike and at depth. Recent reconnaissance exploration drill results from targets outside of the Resource Estimate include the following high-grade drill results, which have been selected to demonstrate prospectivity (refer to Appendix A and ASX announcement 01/09/2020 for details):

Vein 11 Extension:

• 4.85m @ 4.4 g/t gold from 350.15m in AUDD0019

• 1.6m @ 19.6 g/t gold from 372m in AUDD0019 (include 0.5m @ 59.5 g/t gold from 372.35m)

Vein 13 Footwall and Hangingwall Lodes:

• 18.52m @ 2.75 g/t gold from 122.18m (include 1.38m @ 21.02 g/t gold from 131.94m) in 3- 750-3-7-5

• 1.52m @ 12.34 g/t gold from 91.44m in 744-3

• 1.52m @ 17.28 g/t gold from 6.41m in 3-2-111 (no selvedge sampling)

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Vein 112 Target:

• 3m @ 7.4 g/t gold from 261m in AUDD0010

Vein 5 Extensions:

• 1.6m @ 25.8 g/t gold from 95m in AUDD0013 (including 0.6m @ 65.2 g/t gold from 96m and 0.3m @ 122.0g/t gold from 95.7m) (refer ASX 01/09/2020)

• 0.6m @ 99.4 g/t gold from 167.4m in AUDD0017 (include 0.3m @ 181.0 g/t gold from 167.4m) (refer ASX 01/09/2020)

• 3.6m @ 8.2 g/t gold from 370m in AUDD0034A (refer ASX 01/09/2020)

Additional potential for near term Resource expansion through the incorporation of ‘BIF style mineralisation’ currently outside of the Resource Estimate, with historical drill results including:

• 8.54m @ 12.2 g/t gold from 4.27m in 1-29-45

• 23.03m @ 6.0 g/t gold from 42.54m in 2450-24

• 16.53m @ 5.5 g/t gold from 0m on 1-26-54

• 6.62m @ 8.9 g/t gold from 22.6m in 1-26-50

In addition, multiple underexplored, walk-up, near-mine targets outside of resources associated with regional-scale major shear zones include (refer ASX release 26/03/2020):

• Springer Shaft Target: 1.7m @ 36.6 g/t gold from 15.1 m in CPSH-88-01

• o F Vein Target: 4.6m @ 9.3 g/t gold from 27.1m in CP-88-92 o SW Powder house Target: 6.1m @ 7.3 g/t gold from 86.6 m in PL04-26 o East Pat Shear: 6.0 m @ 7. 7 g/t gold from 232 m in PC-10-145

RECONNAISSANCE DRILLING HIGHLIGHTS NEW SHALLOW HIGH-GRADE GOLD DISCOVERIES

Auteco is actively exploring the Pickle Crow deposit with one diamond drill rig in operation since May 2020 (refer ASX 27/05/2020) and a second drill rig mobilised to site in July (refer ASX 29/06/2020). Due to a shortage of drilling crew, delivery of a third rig to site has been delayed which has resulted in a slower than anticipated output of exploration results.

A third rig has now been contracted to further the expanded 45,000m diamond drilling program and will be mobilised to site shortly.

To date, 58 drill holes for 12,927m have been completed with assay results partially returned (refer to Appendix A and Figure 1 for details).

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Figure 1: Plan View of Pickle Crow mineralised trend highlighting location and all results of recent reconnaissance drilling (refer to ASX 1 September 2020 and Appendix A for details).

Exploration efforts are currently focused on the definition of additional resources within the top 500m from surface and within the Core Trend; host to the current Inferred Resource and historical mining and infrastructure. Numerous walk-up drill targets, ‘in the shadow of the headframe’, have been identified from historical drilling datasets and the drill rig is adding geological confidence to the significant intercepts for conversion to JORC 2012 compliant resources.

Reconnaissance exploration drilling has resulted in multiple new high-grade gold discoveries and the definition of areas of resource extension. Mineralisation remains open in all directions on all target areas and work will now be focused on defining high-grade gold shoots within the mineralised envelopes and bringing them into the Inferred Resource category.

Vein 5 Extension Discovery

A 210m step out to the ENE from the current Vein 5 resource wireframe resulted in the shallow intersection of 1.7m @ 24.5 g/t gold in AUDD0013 (refer ASX 1/09/2020). Multiple occurrences of visible gold from within the interval provided encouragement for follow up drilling and follow up hole AUDD0017, 80m down dip from AUDD0013, intersected grades of up to 137.3 g/t gold within an interval of 0.6m @ 72 g/t gold.

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Shallow drilling has now been completed on a nominal 80m x 80m spacing over 300m of strike and 350m down dip with every drillhole intersecting quartz vein hosted mineralisation (see Appendix A and Figure 2 below).

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Figure 2 : Vein 5 Extension discovery. Long section view of current resource outline, historical stopes and recent drillhole intercepts. Viewing 155[o] (refer to Appendix A for details).

Highlights from this recent drilling include the intersection of Vein 5 over 1.9m in AUDD0052 with constellations of visible gold observed to the selvedge of the veins (Figures 3 and 4).

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Figure 3: AUDD0052: 126m. No 5 Vein. Constellations of visible gold to selvedge of laminated quartz-tourmaline-gold vein within moderately sericite-ankerite altered mafic volcanic. Sample 0.3m @ 13 g/t gold. Diamond core NQ diameter (image 47.6mm width).

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Figure 4: AUDD0052: No 5 Vein. 117.9m to 126.5m. 1.9m Laminated quartz-tourmaline-carbonate vein within high strain sericite-chlorite-ankerite altered mafic volcanic. 126m to 126.64m Multiple 1- 5cm quartz-carbonate shear veins including 5cm laminated quartz-carbonate-tourmaline-gold vein at 126.08m.

These results are highly encouraging with AUDD0013 and AUDD0017, indicating vertical continuity in the high-grade vein component of mineralisation. Drilling is still wide-spaced (80m x 80m) and shallow and infill drilling is expected to further define high grade shoots within the vein.

In addition, the first two scout drillholes targeting the South West extension of the Vein 5 wireframe have returned results including:

• 3.2m @ 3.9 g/t gold from 341.3m and 3.6m @ 8.2 g/t gold from 370m in AUDD0034A

• 2m @ 3.8 g/t gold from 138.45m in AUDD0032

These initial drill results are supported on an 80m x 80m framework by historical results including 0.76m @ 6.11 g/t gold from 206.64m in HC88-211 (selvedge to vein not sampled) and 0.61m @ 5.7 g/t gold from 291.12m at the end of hole in HC86-44. In total this defines an area of approximately 200m x 200m with mineralisation remains open to the South West. Auteco intends to expand the exploration drilling in this area in the coming weeks.

The entire drill area around Vein 5 is open at depth to 710m below surface with high-grade intercepts of up to 0.31m @ 61 g/t gold in hole 1-26-27 intersected on Vein 5 in historical drilling a further 550m below the intercept in AUDD0017 (refer ASX 01/09/2020). Although these intercepts appear narrow the historical drilling only sampled the vein itself with altered and mineralised wall rock discarded.

Follow up drilling will now be focused on defining high-grade shoot controls and locations within the now well constrained mineralised envelope.

Vein 13 area

Multiple, underexplored Veins have been discovered in recent drilling to both the Hangingwall and footwall of Vein 13 indicating a previously unrecognised, stacked series of mineralised quartz veins proximal to existing historical mine infrastructure. Recent and historical results outside of resources include (refer to Appendix A and ASX announcement 01/09/2020):

• Vein 13 Footwall Vein:

• 4.5m @ 2.0 g/t gold from 147m in AUDD0014

• o 1.52m @ 12.34 g/t gold from 91.44m in 744-3 o 1.52m @ 17.28 g/t gold from 6.41m in 3-2-111 (no selvedge sampling) o 8.38m @ 2.91 g/t gold from 103.48m in 744-13

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• Vein 13 Hangingwall Vein A:

• 9m @ 2.91 g/t gold from 292m in AUDD0004

• 18.52m @ 2.75 g/t gold from 122.18m (including: 1.38m @ 21.02 g/t gold from 131.94m) in 3-750-3-7-5

• 7.77m @ 5.11 g/t gold from 36.3m in 3-750-3-7-4

• Vein 13 Hangingwall Vein B:

• 1.77m @ 2.31 g/t gold from 210.86m in AUDD0055

• o 5.99m @ 4.81 g/t gold from 140m in 3-750-763 o 3.68m @ 4.38 g/t gold from 148.64m

Drilling remains widespread on these veins with infill drilling proposed to a nominal 80m x 80m grid to bring the veins to Inferred resource category and to define the high-grade shoots within the veins.

ABOUT THE MINERAL RESOURCE ESTIMATE (MRE) – PICKLE CROW GOLD PROJECT

The Inferred Resource Estimate of 1Moz @ 11.3 g/t gold announced on the ASX 1 September 2020 is from within a 3.5km section of the core mineralised shear zone and incorporates multiple highgrade Lodes within a large mineralised corridor. This 3.5km section previously produced 1.5Moz @ 16 g/t gold[1] until the mine closed in 1966. The current Resource includes 22 separate modelled lodes. All resources are reported at a 3.5 g/t gold lower cut-off which is deemed acceptable based on industry costings associated with the likely mining method (narrow vein underground).

1 Refer Sedar Technical report for historical production -

https://www.sedar.com/GetFile.do?lang=EN&docClass=24&issuerNo=00022404&issuerType=03&projectNo= 02810557&docId=4375165

For further information regarding Auteco Minerals Ltd please visit the ASX platform (ASX:AUT) or the Company’s website https://www.autecominerals.com.au/

For and on behalf of the Board.

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Mr Ray Shorrocks Executive Chairman Auteco Minerals Ltd Phone: +61 8 9220 9030

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About Auteco Minerals

Auteco Minerals Ltd (ASX: AUT) is an emerging mineral exploration company focused on advancing high-grade gold resources at the Pickle Crow Gold Project in the world-class Uchi sub-province of Ontario, Canada. Pickle Crow is one of Canada’s highest-grade historical gold mines.

Auteco’s Directors and exploration team have a proven track record of gold discoveries and creating wealth for shareholders and stakeholders. The Company also has a joint venture on the Limestone Well Vanadium-Titanium Project in Western Australia.

Competent Person Statement

Certain Exploration Results referred to in this announcement were first reported in accordance with ASX Listing Rule 5.7 in the Company's announcements of 28/01/2020, 26/03/2020 and 01/09/2020. Auteco confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the estimates in the announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcement.

Any information in this announcement that relates to new Exploration Results is based on and fairly represents information and supporting information compiled by Mr Marcus Harden, who is a Member of the Australasian Institute of Geoscientists. Mr Harden is an employee of the Company and has sufficient experience in the style of mineralisation and type of deposit under consideration and qualifies as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Harden holds securities in Auteco Minerals Limited and consents to the inclusion of all technical statements based on his information in the form and context in which it appears.

Disclaimer

References to previous ASX announcements should be read in conjunction with this release.

Forward Looking Information

Various statements in this announcement constitute statements relating to intentions, future acts and events. Such statements are generally classified as “forward looking statements” and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. The Company gives no assurances that the anticipated results, performance or achievements expressed or implied in these forward-looking statements will be achieved.

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APPENDIX A:

Table 1: Significant Intercept Table. Cut-off grade of 1 g/t Gold allowing for 1m internal dilution (NSI – No significant Intercept). All cords in UTM NAD 83 z15.

Hole No.	Easting	Northing	Elevation	Azimuth	Dip	Drilled Length	From	To	Width	Assay	Comment
						(m)	(m)	(m)	(m)	g/t Au
AUDD0011	704743	5710857	340	158.3	64.0	107.97				NSI
AUDD0012	704294	5709842	343	161.2	58.4	71.6	2.9	3.6	0.7	1.45
							6.5	7.8	1.3	1.26
							19.8	22.7	2.9	1.35
AUDD0013	704315	5709573	340	175.1	61.0	108	95.7	97.4	1.7	24.45
						inc	95.7	96.3	0.6	65.2
AUDD0014	705038	5710633	342	304.9	56.2	321.2	88	89	1	1.52
							93.9	95.9	2	3.86
							98.5	98.9	0.4	1.07
							115.1	115.6	0.5	1.98
							117.4	118.1	0.7	1.19
							121.9	122.6	0.7	1.78
							147	151.5	4.5	1.99
							228.2	228.6	0.4	1.12
AUDD0015A	705276	5710822	344	282.3	59.6	438	377.5	380.7	3.2	1.77
							221	222	1	1.71
							223	224	1	1.28
							359	360	1	2.74
							362	363	1	2.71
AUDD0016	704244	5709543	357	179.9	60.6	186	53	53.5	0.5	6.95
							170	171	1	1.53
AUDD0017	704301	5709629	350	174.2	60.8	258	167.4	168	0.6	72.03
						inc	167.4	167.7	0.3	137.3
AUDD0018	704390	5709613	350	173.8	57.8	161.5				NSI
AUDD0019	704212	5709677	353	181.8	57.8	423	350.15	355	4.85	4.4
							372	373.6	1.6	19.64
						inv	372.35	372.85	0.5	59.5
							340.6	340.9	0.3	3.27
AUDD0020	704311	5709770	351	170.7	56.3	375	196.5	198	1.5	2.56
AUDD0021	704156	5709426	351	176.2	59.0	261	224	224.6	0.6	2.22
AUDD0022	704703	5710006	346	160.3	64.4	84				NSI
AUDD0023	704703	5710006	346	161.9	56.4	54				NSI
AUDD0024	704396	4709543	350	176.8	54.2	156				NSI
AUDD0025	704745	5710387	342	175.2	57.0	150.2	94.9	95.55	0.65	1.58
							113	113.3	0.3	1.1
AUDD0026	704217	5709500	351	174.8	57.7	231	12.8	13.1	0.3	9.06
AUDD0027	70650	5710379	342	171.1	55.9	189				NSI	Hole Failed
AUDD0027A	704650	5710379	342	178.1	56.7	53	37.5	37.9	0.4	8.55

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Hole No.	Easting	Northing	Elevation	Azimuth	Dip	Drilled Length	From	To	Width	Assay	Comment
AUDD0028	704212	5709510	351	177.9	60.9	72	26.15	26.5	0.35	1.65
							69	70	1	1.54
AUDD0029	704550	5709653	350	174.5	55.2	171				NSI
AUDD0030	704311	5709770	351	179.9	58.6	423	291	292.5	1.5	3.77
							316.2	316.8	0.6	1.07
AUDD0031	704776	5710060	345	175.3	60.6	180	138.45	139.7	1.25	3.82
AUDD0032	703860	5709570	340	165.1	55.8	359.65	20	21	1	1.62
							266.65	268.65	2	3.77
AUDD0033	704700	5710133	344	179.9	61.3	37				NSI
AUDD0033W	704700	5710133	344	186.3	61.2	314.25				NSI
AUDD0034	703909	5709647	341	177.3	60.3	57				NSI
AUDD0034A	703909	5709647	341	176.3	60.2	470	338	339	1	1.09
							341.3	344.5	3.2	3.91
							364	365	1	2.66
							366	366.4	0.4	2.69
							370	373.6	3.6	8.23
AUDD0035	704222	5709606	352	179.9	59.0	309	145.3	147.5	1.6	1.2
							331	331.4	0.4	1.16
AUDD0036	704999	5710405	343	179.9	61.1	240	86.05	86.35	0.3	4.23
AUDD0037	704540	5709895	346	271.9	61.9	111				NSI
AUDD0038	704914	5710410	342	175.5	55.1	163.8	122.45	123.5	1.05	2.36
							158	128.5	0.5	1.17
AUDD0039	704280	5709680	351	179.4	59.9	327	95.2	96.2	1	19.3
							233	234	1	2.57
AUDD0040	704837	5710410	342	171.6	54.9	162				NSI
AUDD0041	704342	5709767	351	179.1	59.5	309				NSI
AUDD0042	704985	5710462	343	183.7	53.4	207	128	129	1	3.27
AUDD0043	704148	5709485	351	179.3	61.6	126	52.6	54.5	1.9	2.92
AUDD0044	704501	5710142	342	185.0	60.0	264					Awaiting Assay
AUDD0045	704999	5710365	343	185.0	50.0	168					Awaiting Assay
AUDD0046	704501	5710142	342	185.0	50.0	198					Awaiting Assay
AUDD0047	704438	5710598	343	175.0	60.0	261					Awaiting Assay
AUDD0048	704497	5710108	346	186.0	50.0	165	150.6	151	0.4	3.59	Partial Assay
							160.5	161	0.5	1.55
AUDD0049	705091	5710643	342	140.0	55.0	120				NSI
AUDD0050	704848	5710066	345	180.0	55.0	150					Awaiting Assay
AUDD0051	706189	5711501	346	140.0	55.1	111.68					Awaiting Assay
AUDD0052	704148	5709537	352	180.0	60.0	263	39.9	40.3	0.4	2.17	Partial Assay
							48	49.5	1.5	1.12
							119.8	121.75	1.95	2.05
							126	126.3	0.3	13

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Hole No.	Easting	Northing	Elevation	Azimuth	Dip	Drilled Length	From	To	Width	Assay	Comment
AUDD0053	705183	5710740	342	250.1	55.4	321	220	220.55	0.55	1.39	Partial Assay
							225.7	226.45	0.75	1.01
							238.95	240	1.05	2.59
AUDD0054	704141	5709602	353	180.0	60.0	393					Awaiting Assay
AUDD0055	705270	5710931	343	264.0	49.0	456.25	210.86	212.63	1.77	2.31	Partial Assay
							132.43	133.45	1.02	2.32
							144.36	144.92	0.56	1.31
							225.6	226.37	0.77	1.23

Table 2: Historical Significant Intercept Table. Cut-off grade of 1 g/t Gold allowing for 1m internal dilution (NSI – No significant Intercept). All cords in UTM NAD 83 z15.

Hole No.	Easting	Northing	Elevation	Azimuth	Dip	Drilled Length	From	To	Width	Assay	Comment
						(m)	(m)	(m)	(m)	g/t Au
744-3	704908	5710779	340	157	70	107	24.87	25.04	0.17	3.40
							35.05	35.51	0.46	2.06
							38.56	40.54	1.98	4.16
							67.82	69.80	1.98	2.40
							91.44	92.96	1.52	12.34
3-2-111	704909	5710774	313	158	-19	49	6.41	7.93	1.52	17.28	No sampling outside of mineralised interval
							9.09	9.27	0.18	12.00
							11.59	11.71	0.12	82.97
744-13	704929	5710805	341	157	70	153	95.71	97.54	1.83	2.36
							102.11	102.49	0.38	1.71
							103.48	111.86	8.38	2.91
							112.78	113.39	0.61	2.65
							116.59	117.73	1.14	1.97
							118.72	120.09	1.37	5.62
							131.67	134.11	2.44	0.92
							138.07	138.38	0.31	5.14
							139.29	139.60	0.31	1.71
							141.12	141.73	0.61	2.23
							151.33	151.94	0.61	2.74
3-750-3-7-5	704950	5710764	130	88	0	182	89.43	89.64	0.21	4.80
							114.28	114.41	0.13	3.43
							116.66	117.21	0.55	1.90
							117.43	118.28	0.85	1.03
							122.18	140.70	18.52	2.75
						inc	131.94	133.32	1.38	21.02

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Hole No.	Easting	Northing	Elevation	Azimuth	Dip	Drilled Length	From	To	Width	Assay	Comment
						(m)	(m)	(m)	(m)	g/t Au
3-750-3-7-25	705041	5710764	130	108	0	44	7.63	12.20	4.57	0.92
							22.88	23.70	0.82	1.28
							25.04	25.93	0.89	1.03
							26.54	26.84	0.30	1.37
							27.45	27.76	0.31	1.71
							31.42	32.03	0.61	6.03
							33.09	34.16	1.07	2.36
							36.30	44.07	7.77	5.11
3-750-3-7-4	704972	5710838	130	78	0	142	98.42	99.58	1.16	3.39
3-750-763	705135	5711045	128	177	0	149	119.51	120.88	1.37	2.21
							140.00	145.99	5.99	4.81
3-750-766	705135	5711045	128	166	0	199	53.83	54.49	0.66	7.17
							148.64	152.32	3.68	4.38
							155.25	155.78	0.53	1.03
							158.04	159.59	1.55	1.03
							170.55	172.53	1.98	3.43
							192.15	193.39	1.24	2.74	EOH
HC86-44	703881	5709374	350	360	90	295	277.40	278.16	0.76	1.00
							279.69	280.45	0.76	1.07
							282.74	285.02	2.28	0.97
							291.12	291.73	0.61	5.70	EOH
HC88-211	703868	5709454	352	138	65	228	91.96	92.60	0.64	1.37
							174.31	175.07	0.76	17.90
							190.17	190.93	0.76	1.23
							206.64	207.40	0.76	6.10	EOH

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APPENDIX B - JORC Code, 2012 Edition

Table 1 – JORC Code 2012 Edition.

Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Sampling techniques	•	Nature and quality of sampling (eg cut	•	Drilling since 2008, quoted with PC- prefix is from PC Gold
		channels, random chips, or specific		exploration with NQ diameter (47.6mm) drill core was
		specialised industry standard measurement		recovered from drilling. Noramco drilling, CP- prefix is BQ
		tools appropriate to the minerals under		diameter (36.5mm). All other quoted intercepts and the bulk
		investigation, such as down hole gamma		of historical drilling data is of NQ diameter including Auteco
		sondes, or handheld XRF instruments, etc).		drilling subject to this release (prefix AUDD**).
		These examples should not be taken as	•	The core was sawn in half following a sample cutting line
		limiting the broad meaning of sampling.		determined by geologists during logging and submitted for
	•	Include reference to measures taken to		analysis on nominal 1m (1ft for historical drillholes) intervals
		ensure sample representivity and the		or defined by geological boundaries determined by the
		appropriate calibration of any measurement		logging geologist.
		tools or systems used.	•	Samples from PC Gold holes (PC- prefix) post 2008 were
	•	Aspects of the determination of		submitted to ALS Chemex in Thunder Bay and North
		mineralisation that are Material to the		Vancouver for analysis. Samples were prepared for analysis
		Public Report.		using a jaw crusher which was cleaned with a silica abrasive
	•	In cases where ‘industry standard’ work has		between samples resulting in 90% of the sample passing
		been done this would be relatively simple		through an 8 mesh screen. A split of the crushed sample
		(eg ‘reverse circulation drilling was used to		weighing 1000g was then pulverised to 90% passing a 150
		obtain 1 m samples from which 3 kg was		mesh screen. Sample pulps were analysed for gold by Fire
		pulverised to produce a 30 g charge for fire		Assay using 50g sample charge with atomic absorption
		assay’). In other cases, more explanation		spectroscopy (AAS) finish. If the returned assay result was
		may be required, such as where there is		equal to or greater than 5g/t then the sample was reassayed
		coarse gold that has inherent sampling		by Fire Assay with a gravimetric finish. Samples from
		problems. Unusual commodities or		historical diamond drilling programs conducted between
		mineralisation types (eg submarine nodules)		1981 and 2008 were dispatched to a variety of accredited
		may warrant disclosure of detailed		laboratories in Canada for Fire Assay analysis. Historical drill
		information.		results prior to 1981are Fire Assay conducted by unknown
				laboratories (most likely the mine laboratory during the
				operational life of the Pickle Crow Mine) and with unknown
				preparation methods and assay charge, however previous
Page	13
				sampling by Auteco minerals on drill holes subject to this
				release (prefix AUDD**) were submitted to AGAT
				Laboratories, Thunder Bay for analysis. Auteco samples
				undergo the same preparation and analysis techniques
				previously used for PC Gold.
			•	All samples >10g/t gold and samples collected from PC gold
				drilling (PC- prefix) suspected of nugget gold were
				additionally sent for pulp metallics analysis.
			•	For a more complete discussion of historical sampling
				techniques see document ‘Updated Mineral Resource
				Estimate for the Pickle Crow Property, Patricia Mining
				Division, Northwestern Ontario, Canada’ NI-43-101 dated 15
				June 2018 and available from System for Electronic
				Document Analysis and Retrieval (www.sedar.com) for First
				MiningInc.
Drilling techniques	•	Drill type (eg core, reverse circulation, open-	•	Drilling quoted with PC- prefix is from PC Gold exploration
		hole hammer, rotary air blast, auger,		with NQ diameter (47.6mm) drill core was recovered from
		Bangka, sonic, etc) and details (eg core		drilling. Noramco drilling, CP- prefix is BQ diameter
		diameter, triple or standard tube, depth of		(36.5mm). All other drilling is NQ diameter including Auteco
		diamond tails, face-sampling bit or other		drilling subject to this release (prefix AUDD**).
		type, whether core is oriented and if so, by
		what method,etc).
Drill sample recovery	•	Method of recording and assessing core and	•	All drilling quoted is NQ diamond core (including Auteco
		chip sample recoveries and results assessed.		drilling subject to this release -prefix AUDD**) with the
	•	Measures taken to maximise sample		exception of Noramco drillholes (CP- prefix). RQD was
		recovery and ensure representative nature		recorded for all diamond drilling as per industry standard. A
		of the samples.		review of the available diamond drill core RQD’s from the
	•	Whether a relationship exists between		Pickle Crow project (PC- prefix and recently completed
		sample recoveryandgrade and whether		Auteco drilling- AUDD*prefix)indicated that nearlyall of the

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		sample bias may have occurred due to		holes produced excellent recoveries with an average of
		preferential loss/gain of fine/coarse		>90%. For drilling conducted by other operators recoveries
		material.		are unknown although reports do not highlight significant
				core loss.
			•	A review of RQD results does not highlight a relationship
				between sample recovery and grade or highlight any sample
				bias due to loss of material.
Logging	•	Whether core and chip samples have been	•	All PC Gold and Auteco samples (PC- and AUDD* hole prefix)
		geologically and geotechnically logged to a		were geologically logged. Lithology, veining, alteration,
		level of detail to support appropriate		mineralisation and weathering are all recorded in the
		Mineral Resource estimation, mining studies		geology table of the drill hole database. Other historical
		and metallurgical studies.		drillholes have been similarly logged and records have been
	•	Whether logging is qualitative or		digitized from report format.
		quantitative in nature. Core (or costean,	•	Geological logging of Diamond Core samples is qualitative
		channel, etc) photography.		and descriptive in nature.
	•	The total length and percentage of the	•	All holes quoted have been logged in their entirety.
		relevant intersections logged.
Sub-sampling techniques and	•	If core, whether cut or sawn and whether	•	All drilling quoted from PC Gold and Auteco exploration (PC-
sample preparation		quarter, half or all core taken.		and AUDD* hole prefix) is.NQ diameter (47.6mm) drill core
	•	If non-core, whether riffled, tube sampled,		recovered from drilling. All other quoted intercepts are NQ
		rotary split, etc and whether sampled wet or		diameter with the exception of Noramco drilling (CP- Prefix)
		dry.		which is BQ (36.5mm) diameter. The core was sawn in half
	•	For all sample types, the nature, quality and		following a sample cutting line determined by geologists
		appropriateness of the sample preparation		during logging and submitted for analysis on nominal 1m (or
		technique.		1ft) intervals or defined by geological boundaries determined
	•	Quality control procedures adopted for all		by the logging geologist.
		sub-sampling stages to maximise	•	This sampling technique is industry standard and deemed
		representivity of samples.		appropriate.
	•	Measures taken to ensure that the sampling	•	PC Gold QA/QC protocols include the use of crush duplicates,
		is representative of the in-situ material		¼ core field duplicates, the insertion of certified reference
		collected, including for instance results for		materials (CRM’s) including low, medium and high-grade
		field duplicate/second-half sampling.		standards and coarse blanks. This was accomplished by
	•	Whether sample sizes are appropriate to the		inserting the QA/QC samples sequentially in the drill core
		grain size of the material being sampled.		sample numbering system. One set of the four QA/QC types
				were inserted every 30 samples consisting of 1 crush
				duplicate, 1 ¼ split field duplicate, 1 CRM (altering between
				low, medium and high standard) and 1 blank. This resulted in
				approximately every seventh sample being a QA/QC sample.
				Auteco minerals (AUDD* prefix holes) follows the same
				QA/QC protocols but with CRM’s and duplicates inserted
				every 25 samples. QAQC procedures are not disclosed in
				previous reporting but results are consistent with visual
				observations of mineralisation as recorded in the geological
				logs and qualitative proportions of logged veining and
				sulphide content. Post-Mining Pickle Crow Property
				operators employed the usual in-laboratory blanks,
				standards and duplicate analyses to ensure precision and
				accuracy of results. Whist there is no documentation
				available for earlier results sample duplicate verification has
				been conducted.
			•	Sample size is deemed industry standard for Orogenic Gold
				deposits.
			•	For a more complete discussion of historical sampling
				techniques and sample preparation see document ‘Updated
				Mineral Resource Estimate for the Pickle Crow Property,
				Patricia Mining Division, Northwestern Ontario, Canada’ NI-
				43-101 dated 15 June 2018 and available from System for
				Electronic Document Analysis and Retrieval
				(www.sedar.com)for First MiningInc.
Quality of assay data and laboratory	•	The nature, quality and appropriateness of	•	Samples were submitted to ALS Chemex in Thunder Bay and
tests		the assaying and laboratory procedures used		North Vancouver for analysis. Samples were prepared for
		and whether the technique is considered		analysis using a jaw crusher which was cleaned with a silica
		partial or total.		abrasive between samples resulting in 90% of the sample
	•	For geophysical tools, spectrometers,		passing through an 8 mesh screen. A split of the crushed
		handheld XRF instruments, etc, the		sample weighing 1000g was then pulverized to 90% passing a
		parameters used in determining the analysis		150 mesh screen. Sample pulps were analysed for gold by
		including instrument make and model,		Fire Assay using 50g sample charge with atomic absorption
		reading times, calibrations factors applied		spectroscopy (AAS) finish. If the returned assay result was
		and their derivation, etc.		equal to or greater than 5g/t then the sample was reassayed
				byFire Assaywith agravimetric finish. . Samples from

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	•	Nature of quality control procedures		historical diamond drilling programs conducted between
		adopted (eg standards, blanks, duplicates,		1981 and 2008 were dispatched to a variety of accredited
		external laboratory checks) and whether		laboratories in Canada for Fire Assay analysis. Historical drill
		acceptable levels of accuracy (i.e. lack of		results prior to 1981are Fire Assay conducted by unknown
		bias) and precision have been established.		laboratories (most likely the mine laboratory during the
				operational life of the Pickle Crow Mine) and with unknown
				preparation methods and assay charge, however previous
				operators have duplicated and verified results. Recent
				sampling by Auteco minerals on drill holes subject to this
				release (prefix AUDD**) were submitted to AGAT
				Laboratories, Thunder Bay for analysis. Auteco samples
				undergo the same preparation and analysis techniques
				previously used for PC Gold.
			•	In addition to the Company QAQC samples (described
				earlier) included within the batch the laboratory included its
				own CRM’s (Certified Reference Materials), blanks and
				duplicates.
			•	Sample assay results continue to be evaluated through
				control charts, log sheets, sample logbook and signed assay
				certificates to determine the nature of any anomalies or
				failures and failures were re-assayed at the laboratory. Check
				assaying was also conducted on 1 in every 20 samples. QAQC
				protocols are unknown for historical drill programs (without
				the PC- hole prefix).
			•	QA/QC work is industry standard and acceptable levels of
				accuracy and precision have been established.
			•	For a more complete discussion of QA/QC techniques and
				levels of accuracy obtained from historical sampling see
				document ‘Updated Mineral Resource Estimate for the Pickle
				Crow Property, Patricia Mining Division, Northwestern
				Ontario, Canada’ NI-43-101 dated 15 June 2018 and available
				from System for Electronic Document Analysis and Retrieval
				(www.sedar.com)for First MiningInc.
Verification of sampling and	•	The verification of significant intersections	•	Historical significant intersections quoted have been verified
assaying		by either independent or alternative		by Independent Geological Consultants Micon International
		company personnel.		Limited. For more details see document ‘Updated Mineral
	•	The use of twinned holes.		Resource Estimate for the Pickle Crow Property, Patricia
	•	Documentation of primary data, data entry		Mining Division, Northwestern Ontario, Canada’ NI-43-101
		procedures, data verification, data storage		dated 15 June 2018 and available from System for Electronic
		(physical and electronic) protocols.		Document Analysis and Retrieval (www.sedar.com) for First
	•	Discuss any adjustment to assay data.		Mining Inc.
			•	There are no twinned holes in the dataset but a comparison
				of the results of different drilling generations showed that
				results were comparable. In addition previous operators
				have duplicated and verified results by re-sampling historical
				core. .For more details see document ‘Updated Mineral
				Resource Estimate for the Pickle Crow Property, Patricia
				Mining Division, Northwestern Ontario, Canada’ NI-43-101
				dated 15 June 2018 and available from System for Electronic
				Document Analysis and Retrieval (www.sedar.com) for First
				Mining Inc.
			•	For PC Gold drilling (PC- prefix), once all logging data was
				completed, core marked up, logging and sampling data was
				entered directly into the Gems Logger program (an MS
				Access-based database and stored on the onsite server. At
				approximately weekly intervals the server onsite was
				synchronised with the main server in Thunder bay. Only one
				individual was responsible for synchronising the field and
				office databases. Auteco records new drilling data in Excel
				spreadsheet format synchronized with the Auteco server in
				Perth, Australia.
			•	No adjustments were made to assay data but the procedure
				to determine which gold assay to enter into the database is
				as follows. If a pulp metallic assay was performed it was
				used. If a pulp metallic assay was not performed, then a
				gravimetric assay was used. If a gravimetric assay was not
				performed, then the AAS assay was used. If re-assays were
				preformed then the first analysis was used unless a QA/QC
				investigation proved that the first assay was suspect, in
				which case the second analysis was then used. For more

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				details of historical procedures see document ‘Updated
				Mineral Resource Estimate for the Pickle Crow Property,
				Patricia Mining Division, Northwestern Ontario, Canada’ NI-
				43-101 dated 15 June 2018 and available from System for
				Electronic Document Analysis and Retrieval
				(www.sedar.com) for First Mining Inc. For all drilling not
				conducted by PC Gold (without the PC- hole prefix) no
				adjustments were made to the data.
Location of data points	•	Accuracy and quality of surveys used to	•	Upon completion of PC Gold drillholes collars (PC Gold prefix)
		locate drill holes (collar and down-hole		were surveyed by third party contractors Delta Surveying and
		surveys), trenches, mine workings and other		J.D.Barnes of Thunder Bay to with +/- 1m using an SX Blue.
		locations used in Mineral Resource		For all other drilling hole collars were converted from local
		estimation.		grids or digitised from georeferenced maps. Where possible
	•	Specification of the grid system used.		these historical surface drillholes have been re-located,
	•	Quality and adequacy of topographic		surveyed and verified in the field. Drillhole locations are also
		control.		recorded by the Ontario Ministry of Northern Development
				and Mines in freely available GIS datasets. Auteco drilling
				(AUDD* prefix)has been surveyed with a hand-held GPS to an
				accuracy of less than 3m.
			•	A variety of down hole survey tools have been used on the
				property. All holes were surveyed at 50m intervals while
				drilling using an EZY Shot magnetic compass based tool
				supplied by the drillers. In conjunction with this, all holes
				were surveyed after completion with a non-magnetic down-
				hole instrument. A variety of tools were trialed including
				Maxibore tool provided by Reflex Instruments, a Devifelx tool
				operated by TECH Directional services and an SPT North
				Seeking Gyro. For Auteco drilling subject to this release down
				hole surveys have been conducted by a REFLEX North
				Seeking Gyro. For further historical details of survey
				reproducibility and tools used please refer to document
				‘Updated Mineral Resource Estimate for the Pickle Crow
				Property, Patricia Mining Division, Northwestern Ontario,
				Canada’ NI-43-101 dated 15 June 2018 and available from
				System for Electronic Document Analysis and Retrieval
				(www.sedar.com) for First Mining Inc. For all drilling not
				conducted by PC Gold (lacking the PC- prefix) surveys were
				conducted during drilling with hole orientation recorded by
				the geologist in the field. Downhole surveys of dip are
				recorded by azimuths away from the collar are generally
				lacking.
			•	All location data is in UTM grid (NAD83 Zone 15) except
				where noted.
			•	Topographic Control for PC Gold and Auteco drilling (PC- and
				AUDD* prefix) is from a DTM created generated from a
				LIDAR survey completed in 2008 and are to an accuracy of
				<1m and verified by drill collar surveys. For all other collar
				data elevation was estimated from contours provided from
				SRTM. Topographic control for underground drillhole collars
				has been digitised from level plans or converted from mine
				grids. All surface collars have now been projected to a DTM
				generated from a LIDAR survey completed in 2008 and are to
				an accuracy of <1m.
Data spacing and distribution	•	Data spacing for reporting of Exploration	•	Due to the nature of mineralisation the hole spacing is highly
		Results.		variable and of a progressive exploration in nature.
	•	Whether the data spacing, and distribution	•	Data spacing is considered sufficient to establish geological
		is sufficient to establish the degree of		and grade continuities for mineral resource estimation at the
		geological and grade continuity appropriate		Inferred Category
		for the Mineral Resource and Ore Reserve	•	No sample compositing was applied.
		estimation procedure(s) and classifications
		applied.
	•	Whether sample compositing has been
		applied.
Orientation of data in relation to	•	Whether the orientation of sampling	•	Drill hole orientations were designed to test perpendicular or
geological structure		achieves unbiased sampling of possible		sub-perpendicular to the orientation of the intersected
		structures and the extent to which this is		mineralisation. Drilling was typically oriented perpendicular
		known, considering the deposit type.		to the trend of geophysical anomalism and the mapped
	•	If the relationship between the drilling		strike and dip of observed mineralisation on surface and
		orientation and the orientation of key		elsewhere in theproject area.

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		mineralised structures is considered to have	•	Due to the density of drilling and the orientation of drilling
		introduced a sampling bias, this should be		perpendicular to mineralised bodies there is limited bias
		assessed and reported if material.		introduced bydrillhole orientation.
Sample security	•	The measures taken to ensure sample	•	For PC Gold and Auteco drilling (PC- and AUDD* prefix), once
		security.		the core samples are cut, bagged and sealed with zip ties, ten
				samples are put into rice bags which are sealed and secured
				with numbered security tags. Once samples arrive at the
				laboratory the security tags and corresponding samples were
				verified against onsite logs. Prior to shipment samples are
				stored in a locked building onsite. Site is always occupied,
				and no samples are left at the project during field breaks. For
				all other drillholes the measures taken to ensure sample
				security are unknown.
Audits or reviews	•	The results of any audits or reviews of	•	An audit and review of sampling techniques and data was
		sampling techniques and data.		conducted as part of NI-43-101 resource estimation by
				Independent Consultants Micon International in 2018. Please
				refer to document ‘Updated Mineral Resource Estimate for
				the Pickle Crow Property, Patricia Mining Division,
				Northwestern Ontario, Canada’ NI-43-101 dated 15 June
				2018 and available from System for Electronic Document
				Analysis and Retrieval (www.sedar.com) for First Mining Inc.
			•	An additional audit and review of sampling techniques and
				data was conducted by Cube Consulting as part of the
				Resource Estimation subject to this release and consisted of
				an audit of QAQC data from previous operators PC Gold Inc.
				(2011-2017).

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Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary
Mineral tenement and land tenure	•	Type, reference name/number, location and	• The mineral concessions of the Pickle Crow project consist of 106
status		ownership including agreements or material	patented mining claims covering 1,712ha and 88 contiguous,
		issues with third parties such as joint	unpatented claims covering approximately 14,048ha. Of the 106
		ventures, partnerships, overriding royalties,	patented claims 98 (the Pickle Crow Lease) are held in the name
		native title interests, historical sites,	of Teck Cominco Limited (Teck) and 8 are held in the name of PC
		wilderness or national park and	Gold. The unpatented claims are held in the name of PC gold. PC
		environmental settings.	Gold has a lease on the 98 patented claims held by Teck which
	•	The security of the tenure held at the time of	expires in 2067. These leasehold claims are subject to two net
		reporting along with any known impediments	smelter return (NSR) royalties totaling 1.25%. The other 8
		to obtaining a license to operate in the area.	patented claims (the Crowshore Patents), plus certain
			unpatented claims are subject to NSR royalties ranging from 2%
			to 3%. A full list of tenements along with details of relevant NSR’s
			as they pertain to individual properties is given in Auteco ASX
			releases dated: 28/01/2020 and 17/02/2020. An additional 600
			claims were staked by Auteco subsidiary, Revel Resource (JV) Ltd.
			and are subject to the terms of the Earn-In-Arrangement.
			• Auteco has entered into an agreement to acquire up to 80% of
			the Pickle Crow Gold Project from First Mining. A payment of
			C$50,000 has been made to First Mining. The consideration for
			acquisition of the assets are as follows: Upon signing a formal
			agreement: A further C$50,000 and 25,000,000 Shares in the
			capital of Auteco at a deemed issue price of A$0.008 per share.
			Stage 1 Earn-In (51%): Spending C$5,000,000 over three years
			comprising: Spending C$750,000 within a 12-month period
			('Expenditure Payment 1'): and Spending C$4,250,000 within a
			24-month period after Expenditure Payment 1 is satisfied; and
			Subject to shareholder approval by Auteco, issuing to First Mining
			100,000,000 Shares in Auteco. (together 'Stage 1 earn in'). Stage
			2 Earn-In (a further 19%): Expending exploration expenditure in
			the 24-month period commencing on the date that Auteco
			satisfies the Stage 1 Earn-in of C$5,000,000 ('Expenditure
			Payment 3'); and Within 90 days of completing expenditure
			Payment 3, making a cash payment to Seller in the amount of
			C$1,000,000 ('Expenditure Payment 4'), (together the 'Stage 2
			Earn In'). Also, Buy In: May buy a further 10% interest by paying
			C$3,000,000 to First Mining; and a 2% Net Smelter Return
			granted after the Stage 2 Earn-In. Further details are included in
			ASX releases (17/02/2020 and 13/03/20).
			• For a more complete discussion of type, reference name/number,
			location and ownership including agreements or material issues
			with third parties such as joint ventures, partnerships, overriding
			royalties, native title interests, historical sites, wilderness or
			national park and environmental settings relating to the Pickle
			Crow Project please refer to document ‘Updated Mineral
			Resource Estimate for the Pickle Crow Property, Patricia Mining
			Division, Northwestern Ontario, Canada’ NI-43-101 dated 15 June
			2018 and available from System for Electronic Document Analysis
			and Retrieval (www.sedar.com) for First Mining Inc.
Exploration done by other parties	•	Acknowledgment and appraisal of exploration	• The first government survey of the area was performed by
		by other parties.	William McInnes of the Geological Survey of Canada (GSC) along
			the Crow River from 1903 to 1905. Prospecting in the Pickle Lake
			area commenced in 1926. In 1927, Lois Cohen of Haileybury
			formed a prospecting group and early that winter sent Alex and
			Murdock Mosher in to stake the first claims (December 1927) on
			what ultimately became the Central Patricia Gold Mines property.
			These claims were optioned by F.M Connell and Associates in
			August 1928 and Central Patricia Gold Mines Limited was
			incorporated on 19 February, 1929. Diamond drilling commenced
			at Central Patricia in February 1929 and production in March
			1930. The Central Patricia discovery paved the way from
			exploration in the region which led to the discovery and initial
			drilling (1929) of the first Pickle Crow orebody the No.1 Vein by
			Northern Aerial Mineral Exploration Limited,a companyset upin

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1928 by J.E. (Jack) Hammell. In 1929 gold was also discovered by Albany River Miners Ltd. (Albany River) at the No.16 vein on the Albany River claims to the east of the then Pickle Crow property. Northern Aerial was acquired by Pickle Crow Gold Mines Limited (PCGM) in 1934 with Jack Hammell continuing as president. Production from the Pickle Crow mine began on 17 April, 1935. Albany river sank the Albany shaft to a depth of 190m between 1933 and 1938 and completed extensive underground development. Winoga Patricia Gold Mines was created in 1936 and drilled 73 surface diamond drill holes on a pie-shaped property located between PCGM’s holdings and the Albany River Mines ground to the east. A mine shaft was subsequently sunk on the property in 1938. That same year, PCGM took over ownership of both Albany River Mines and Winoga Patricia Gold Mines through a new company called Albany River Gold Mines Ltd. It is believed that the Winoga Patricia Gold Mines shaft later became the No.3 Shaft of the Pickle Crow operation. The CohenMacArthur zone, located 2km to the north of the developing Pickle Crow mine, was discovered in 1933. A total of 14 surface diamond holes were drilled at Cohen-MacArthur in the winter of 1936. This property was optioned by PCGM in 1938, With the acquisition of the Cohen-MacArthur claims, PCGM became one of the largest land holders in the Pickle Lake area. The GSC completed a regional synthesis of the Pickle Crow Greenstone belt during this period as well. Ground and airborne geophysical surveys have been completed over all or parts of the Pickle Crow property at various times during its early history. A dip-needle survey completed in 1936 on the Pickle Crow property was useful in tracing out the bands of the iron formation. A detailed magnetic survey was carried out over the property by Teck (or its predecessor companies) around 1960. The property then underwent a series of ownerships until it became wholly owned by Teck in 1971. The property then sat dormant until 1973 when Pickle Crow Exploration Ltd. Reviewed the economics of reopening the mine. In 1978, a merger between Pickle Crow Explorations Ltd. And four other companies saw Teck’s ownership reduced to 44.6% and a new exploration company called Highland-Crow Resources Ltd. Highland Crow went on to option the property to Galant Gold Mines Limited in 1979. Gallant performed a VLF_EM geophysical survey and drilled 47 surface diamond drill holes for 7,356m. The only known soil geochemical survey done on the Pickle Crow property was completed for Gallant in 1983. Soil values ranged from 10 to 12,000ppb with the high values attributed to mine tailings and cultural anomalies. In 1983 the property returned to Highland-Crow. Noramco Mining Corp. bought Highland-Crow in 1988. Between 1985 and 1987 Highland-Crow completed line-cutting, magnetometer and IP, geophysical surveying, geological mapping, surface trenching, diamond drilling and environmental baseline studies. Noramco drilled surface exploration holes, completed geophysical surveys and commenced dewatering of the No.1 shaft. Noramco drilled 286 surface diamond drill holes for 46,189m and 79 underground holes for 9,341m. Noramco also commissioned Historic (noncompliant) Resource Estimates. In 1994 Noramco changed its name to Quest Capital. Quest assigned its interest to Pickle Crow Resources Inc. A total of 4 surface diamond drill holes for 2,287m were completed. Quest then sold its interest to Wolfden Resource Inc who entered into an option agreement with Jonpol Explorations Ltd. Who drilled 18 surface diamond holes for 2,173.5m. Wolfden also entered into a surface mining agreement with Cantera Mining Limited in 2000. Canterra commenced building a 225tpd gravity mill on site in 2002 but was placed into receivership in 2004. In 2006 Wolfden transferred Pickle Crow to Premier Gold Mines Ltd. Before the property was sold to PC Gold in 2007. PC Gold then explored the property completing 184 holes for 62,968m by 2011 and 173 holes for 35,840.4m from 2011 to 2014 before commissioning an NI-43-101 compliant Resource Estimate. For further details please refer to document ‘Updated Mineral Resource Estimate for the Pickle Crow Property, Patricia Mining Division, Northwestern Ontario,

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Canada’ NI-43-101 dated 15 June 2018 and available from System for Electronic Document Analysis and Retrieval (www.sedar.com) for First Mining Inc.

Geology	• Deposit type, geological setting and style of	• The Pickle Crow Gold Deposit is considered to be an Archean low-
	mineralisation.	sulphide gold-quartz vein type deposit, also known as shear-
		hosted gold, Archean quartz-carbonate vein gold deposits,
		Archean lode gold, Archean mesothermal gold deposits or simply
		orogenic gold. The deposit occurs primarily within mafic volcanics
		and banded iron formation (BIF) units in the Pickle Crow
		assemblage of the Pickle Lake Greenstone belt in the Uchi Lake
		Subprovince of the Superior Craton of the Canadian Shield.
Drill hole Information	• A summary of all information material to the	• Refer to Appendix A in ASX release 28/01/2020 and 26/03/2020
	understanding of the exploration results	as well as the current release for drill hole information for all
	including a tabulation of the following	reported drill holes for this JORC 2012 Table 1 and in accordance
	information for all Material drill holes:	with ASX listing rule 5.7.2.
	o easting and northing of the drill hole
	collar
	o elevation or RL (Reduced Level –
	elevation above sea level in meters) of
	the drill hole collar
	o dip and azimuth of the hole
	o down hole length and interception depth
	o hole length.
	• If the exclusion of this information is justified
	on the basis that the information is not
	Material and this exclusion does not detract
	from the understanding of the report, the
	Competent Person should clearly explain why
	this is the case.
Data aggregation methods	• In reporting Exploration Results, weighting	• All drill hole intersections are reported above a lower cut-off
	averaging techniques, maximum and/or	grade of 0.5g/t Gold or 1g/t as indicated, with no upper cut off
	minimum grade truncations (eg cutting of	grade has been applied. A maximum of 1m internal waste was
	high grades) and cut-off grades are usually	allowed. Tabulated results are presented in ASX announcements
	Material and should be stated.	28/01/2020, 26/03/2020 and Appendix A of this release)
	• Where aggregate intercepts incorporate short
	lengths of high-grade results and longer	• Metal equivalent values are not used
	lengths of low-grade results, the procedure
	used for such aggregation should be stated
	and some typical examples of such
	aggregations should be shown in detail.
	• The assumptions used for any reporting of
	metal equivalent values should be clearly
	stated.
Relationship between mineralisation	• These relationships are particularly important	• All intersections reported in the body of this release are down
widths and intercept lengths	in the reporting of Exploration Results.	hole
	• If the geometry of the mineralisation with	• The majority of the drill holes are drilled as close to orthogonal to
	respect to the drill hole angle is known, its	the plane of the mineralised lodes as possible. A number of drill
	nature should be reported.	holes have intersected the mineralisation at high angles.
	• If it is not known and only the down hole	• Only down hole lengths are reported.
	lengths are reported, there should be a clear
	statement to this effect (eg ‘down hole
	length, true width not known’).
Diagrams	• Appropriate maps and sections (with scales)	• Maps and sections are included in the body of this release as
	and tabulations of intercepts should be	deemed appropriate by the competent person.
	included for any significant discovery being
	reported These should include, but not be
	limited to a plan view of drill hole collar
	locations and appropriate sectional views.

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Balanced reporting	• Where comprehensive reporting of all	• Any significant higher-grade zones in historical drilling quoted in
	Exploration Results is not practicable,	this release have been reported in ASX announcements
	representative reporting of both low and high	28/01/2020, 26/03/2020 and Appendix A of this release)
	grades and/or widths should be practiced to	• All results above 0.5g/t lower cut-off or 1g/t quoted in this
	avoid misleading reporting of Exploration	release have been reported in ASX announcements 28/01/2020,
	Results.	26/03/2020 and Appendix A of this release)
Other substantive exploration data	• Other exploration data, if meaningful and	• Appropriate plans are included in the body of this release.
	material, should be reported including (but
	not limited to): geological observations;
	geophysical survey results; geochemical
	survey results; bulk samples – size and
	method of treatment; metallurgical test
	results; bulk density, groundwater,
	geotechnical and rock characteristics;
	potential deleterious or contaminating
	substances.
Further work	• The nature and scale of planned further work	• Auteco Minerals Limited is currently conducting drill testing of
	(e.g. tests for lateral extensions or depth	additional lodes as well as step out and infill drilling of existing
	extensions or large-scale step-out drilling).	lodes to further enhance the resources quoted in this release.
	• Diagrams clearly highlighting the areas of	More information is presented in the body of this report.
	possible extensions, including the main	• Diagrams in the main body of this release show areas of possible
	geological interpretations and future drilling	resource extension on existing lodes. The company continues to
	areas, provided this information is not	identify and assess multiple other target areas within the
	commercially sensitive.	property boundary for additional resources.

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