FireFly Metals Ltd. — Capital/Financing Update 2021

Apr 6, 2021

ASX: AUT 7 April 2021

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ASX ANNOUNCEMENT

Discovery of more high-grade gold to help drive upcoming Resource increase

As part of the strategy to grow the inventory, drilling will now focus on bringing large areas of known mineralisation into the Resource

KEY POINTS

• Recent drilling has identified more high-grade gold veins which will form part of the new Resource estimate set to be completed this quarter (current Inferred Resource is 1Moz at 11.3 g/t)

• The intersections in these new veins, which are in the Shaft 3 area, include:

• 0.3m @ 315.4 g/t gold from 41.7m in hole AUDD0102 (New Structure)

• 1.0m @ 34.9 g/t gold from 191.2m in hole AUDD0104 (New Structure)

• 1.2m @ 29.7 g/t gold from 249.7m in hole AUDD0079 (New Structure)

• 2.3m @ 7.8 g/t gold from 39.8m in hole AUDD103 (New Structure)

• 0.5m @ 33.7 g/t gold from 302.2m in hole AUDD120 (New Structure)

• 4.0m @ 3.6 g/t gold from 432m in hole AUDD107 (New Structure)

• Plus, step-out drilling in the Shaft 3 area has extended the known mineralised vein structures; Results include:

• 0.6m @ 313.0 g/t gold from 338.8m in hole AUDD0119 (~20m extension to known vein)

• 5.0 @ 9.5g/t gold from 46.2m in hole AUDD0092 (~120m extension to known vein)

• 1.5m @ 19.3 g/t gold from 250.5m in hole AUDD102 (~20m extension to known vein)

• 1.6m @ 6.1 g/t gold from 168.5m in hole AUDD085 (~80m extension to known vein)

• 1.2m @ 11.9 g/t gold from 382.1m in hole AUDD112 (~160m extension to known vein)

• 1.2m @ 8.0 g/t gold from 459.6m in hole AUDD100 (~70m extension to known vein)

• The latest drilling also demonstrates continuity of previously announced vein discoveries at Shaft 3 (see ASX release dated 19 January 2021). These results included:

• 5.6m @ 33.4 g/t gold from 20.3m in hole AUDD0078 (New Structure)

• 1.6m @ 16.7 g/t gold from 12.7m in hole AUDD0077 (New Structure)

• Mineralisation continues to remain open in all directions in all target areas

• Drilling planned at Pickle Crow will now focus primarily on establishing continuity of known mineralisation to bring these areas into the Resource estimate

• The Resource growth strategy will also see at least one drill rig mobilised to test new regional drill targets

ASX: AUT

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

Ray Shorrocks - Executive Chairman 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 recently met the JV earn-in expenditure requirement to earn 51% of the project. As per the JV agreement, Auteco has capacity to earn up to 80% of the project (see ASX release dated 28 January 2020). Current planned expenditure should see the 80% milestone achieved by the end of 2021

• Auteco is fully funded to continue its Resource growth strategy with $29.6M cash on hand at 31 December 2020

Auteco Minerals Ltd (ASX: AUT) is pleased to announce that its strategy to grow the 1Moz Inferred Resource at its Pickle Crow Gold Project in Canada continues to deliver strong results, with the discovery of more high-grade mineralisation.

Auteco also advises that as part of this strategy, it will now focus much of its drilling on areas of known mineralisation to bring them into the Resource model.

The Company is on track to complete the updated Resource as at 30 June 2021, with results planned for release in July 2021.

Auteco Executive Chairman, Ray Shorrocks, said: “These results show that our strategy to grow the 1Moz Inferred Resource is on track.

“We are discovering new high-grade veins and extending the known size of those we found earlier. These results will form part of the Resource update set for completion in this quarter.

“As part of our growth strategy, we are now putting a strong emphasis on drilling within areas of known highgrade mineralisation to bring them into the Resource model.

“These areas are exciting because we have already established the presence of high-grade mineralisation and we just need to confirm its continuity in order to include it in the Resource”.

ABOUT THE GROWTH AND EXPLORATION PROGRAM

Auteco has a detailed and systematically phased strategic plan for FY21 designed to unlock the potential of the Pickle Crow deposit in Ontario, Canada (Figure 1).

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Figure 1: Pickle Crow Strategic Work Plan to Mid-2021. The forward work plan timetable is indicative.

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A 45,000m drill program is underway with the key objectives of:

• Extending and discovering mineralised vein structures proximal to historic workings and outside of the current Inferred Resource (1Moz at a grade of 11.3g/t gold)

• Infill drilling of newly extended or discovered vein structures, with the aim of delivering an updated mineral Resource estimate as at 30 June 2021

• First pass testing of regional drill targets away from the main Pickle Crow deposit

To date, a total of 120 diamond drill holes for 31,160m have been completed. Complete assays results are yet to be received for 21 holes (refer to Appendix A for details), with the balance of the assay results expected to be received and reported during the June quarter. The drilling thus far has focused exclusively on near mine extensions and discovery of mineralised structures outside of the reported Inferred Resource.

In the short term, the program will transition towards infill drilling aiming to provide sufficient data density on newly identified or extended structures to enable calculation of an updated mineral Resource estimate. Concurrently, at least one drill rig will be allocated to complete preliminary testing of the high-quality drill targets within the 496 sq. km of regional tenure held by Auteco in the greater Pickle Crow camp.

EXPLORATION AND GEOLOGICAL DETAIL

The Pickle Crow deposit is a typical Mesothermal narrow-vein high grade Archean orogenic gold deposit, with mineralised veins present within local structures formed within a broader Riedel shear zone. Historically between 1935 and 1966, 1.5Moz of gold at a grade of 16.1 g/t was mined from more than 10 individual quartz reefs. To date >30 individual veins have been identified proximal to underground shaft infrastructure (Shaft 1, Shaft 3, and Albany Shaft). Exploration results have been grouped based on proximity to the three main production shafts.

The highlights from Auteco drilling to date are summarised in Figure 2. Recent near mine extensional drilling has been focused on defining shallow, high-grade mineral resources proximal to Shaft 3.

SHAFT 3 EXPLORATION UPDATE

Drilling completed since January 2021 has identified several new high grade gold veins and the extensions of previously known structures proximal to Shaft 3 (Figure 3). Mineralisation remains open in all directions on targeted structures, and work will now focus on defining high-grade gold shoots within the mineralised envelopes. Key results include:

• 0.3m @ 315.4 g/t gold from 41.7m in hole AUDD0102 – New Structure

• 0.6m @ 313.0 g/t gold from 338.8m in hole AUDD0119 – Extension of Structure

• 4.95 @ 9.5 g/t gold from 46.15m in hole AUDD0092 – Extension of Structure

• 1.2m @ 29.7 g/t gold from 249.7m in hole AUDD0079 – New Structure

• 1m @ 34.9 g/t gold from 191.2m in hole AUDD0104 – New Structure

• 1.45m @ 19.3 g/t gold from 250.45m in hole AUDD102 – Extension of Structure

• 2.3m @ 7.8 g/t gold from 39.8m in hole AUDD103 – New Structure

• 0.5m @ 33.7 g/t gold from 302.2m in hole AUDD120 – New Structure

• 1.2m @ 11.9 g/t gold from 382.1m in hole AUDD112 – Extension of Structure

• 4.0m @ 3.6 g/t gold from 432m in hole AUDD107 – New Structure

Please refer to Appendix A for details of all new holes drilled in this area.

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Figure 2: Summary of extensional drilling results completed by Auteco. Collars positions of drill holes are colour coded by maximum metal accumulation intersections (grade multiplied by width) encountered in the hole.

These results demonstrate continuity of grade and geological setting building on previously announced Auteco drilling in the area including (refer to ASX 19/01/2021):

• 5.6m @ 33.4 g/t gold from 20.3m in hole AUDD0078 (Shaft 3 Veins) – New Structure

• 1.6m @ 16.7 g/t gold from 12.7m in hole AUDD0077 (Shaft 3 Veins) – New Structure

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Figure 3: Plan View of Shaft 3 drilling area highlighting location of recent drilling. Collars represented as max gram x metre results (gm), Yellow labels represent intervals subject to this release, results <10gm not represented by labels (please refer to ASX 19/01/2021 and Appendix A for details).

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Multiple occurrences of visible gold were observed with Individual grades of up to 315.4 g/t gold returned in AUDD0102 (Figure 4). The Vein 2 hangingwall structure encountered in hole AUDD0092 contained multiple laminated auriferous quartz veins in altered mafic volcanics over a width of 4.95 metres (Figure 5).

A NW-SE cross section through southern portion of the Shaft 3 vein system is presented in Figure 6.

Figure 4: AUDD0102: Visible gold in laminated quartz-tourmaline-gold vein within strongly sericite-calcite-pyrite altered Mafic Volcanics in the shaft 3 area. Sample 30cm at 315.4 g/t gold from 41.7m. Diamond core NQ diameter (image 47.6mm width).

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Figure 5: AUDD0092: Vein 2 Hangingwall Lode. 46.15m to 51.1m. Multiple Laminated quartz-tourmaline-scheelite-gold vein within sericite-carbonate altered mafic volcanics. Interval 4.95m @ 9.5 g/t Gold.

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Figure 6 : Shaft 3 drilling significant intercept. Section view looking 065[o] , showing geology and recent drillhole intercepts (refer to ASX 19/01/2021 and Appendix A for details and Figure 3 for location of Section Line).

REGIONAL EXPLORATION

A Ground Magnetic survey was completed as part of Auteco’s regional exploration program to identify geophysical signatures associated with high grade, Quartz-Scheelite-Tourmaline-Gold bearing structures at Shaft 1 (Vein 1 and Vein 5 targets). This newly acquired data provides a greater level of detail in comparison to previous airborne surveys.

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The survey highlights displacement and demagnetisation of the magnetic Banded Iron Formation coincident with mineralised cross structures (Figure 7). Analogous geophysical target signatures have now been identified both to the South West of Vein 5 and in the Crowshore area to the North East of the Albany shaft. Neither of the target areas have been historically drilled, and represent compelling targets that will undergo preliminary testing by Auteco in coming months.

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Figure 7: High quality ground magnetic survey data completed by Auteco in the Shaft 1 (left) and Crowshore (right) areas. Structural displacement of the BIF units is observed, in addition to demagnetisation at structural intersections.

FORWARD PLAN

The forward work plan for the Pickle Crow will focus on the following key areas:

• Infill Drilling: The initial phase of extension drilling is nearing completion. Drilling will transition to Inferred Resource definition on select structures. Up to 4 drill rigs will be utilised in April-May to complete this work.

• Regional Exploration: Work will commence in April to test regional drill targets away from the main Pickle Crow deposit. Up to 2 drill rigs at any time will be conducting regional activities. Review of historic drill data combined with geophysical assessment, mapping and geochemical sampling has delineated numerous drill-ready targets (Figure 8).

• Mineral Resource Update: A Mineral Resource update will be prepared in accordance with the JORC Code (2012 Edition). The date of the estimate will be as of 30 June 2021. The estimate will be prepared by independent consultants with strong oversight by Auteco personnel and is scheduled for release in July 2021.

• Infrastructure Assessment: Engineering firms will be engaged to assess the condition and potential restart capital required for the on-site processing plant, in addition to capacity expansion options.

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Figure 8: Select regional drill targets away from the main Pickle Crow deposit

This announcement has been authorised for release by the Auteco Board.

For further information, please contact:

Mr Ray Shorrocks

Paul Armstrong

Executive Chairman Media enquiries Auteco Minerals Ltd Read Corporate +61 8 9220 903 +61 8 9388 1474

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.

The Pickle Crow Gold Project currently hosts a JORC 2012 Mineral Resource of 1 Moz at 11.3 g/t gold, with a 45,000m drilling program underway to expedite Resource growth.

Pickle Crow is one of Canada’s highest-grade gold mines – historically, producing 1.5 Moz at 16 g/t gold.

The Company also has a joint venture on the Limestone Well Vanadium-Titanium Project in Western Australia.

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

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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, 01/09/2020, 11/11/2020 and 19/01/2021. Auteco confirms that it is not aware of any new information or data that materially affects the information included in the original announcements. 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 announcements.

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.

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 high-grade Lodes within a large, mineralised corridor. 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). 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.

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, timetables, work plans, or achievements expressed or implied in these forward-looking statements will be achieved.

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APPENDIX A:

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.

Page	Hole No.	Easting	Northing	Elevation	Azimuth	Dip	Drilled Length	From	To	Width	Width	Assay	Comment
							(m)	(m)	(m)	(m)		g/t Au
	AUDD0044	704501	5710142	342	185.0	60.0	264		NSI
	AUDD0045	704999	5710365	343	185.0	50.0	168		NSI
	AUDD0056	703910	5709647	341	170.0	65.0	510	54.3	55		0.7	1.23
								396.5	398.5		2	8.16
								403	404.5		1.5	1.03
								414.2	415.2		1	1.01
								420	424		4	5.91
	AUDD0061	703851	5709637	340	175.0	50.0	453	380.85	382		1.15	2.37
								407	420		13	1.3
							inc:	414	415		1	5.02
	AUDD0063	704139	5709729	351	260.0	50.0	96	35	38		3	2.09
	AUDD0064	703789	5709411	346	150.0	55.0	309		NSI				Partial Assay
	AUDD0066	703789	5709410	346	150.0	65.0	423	159.85	164.3		4.45	1.7
	AUDD0067	705489	5711249	354	265.0	55.0	122.2	40.8	41.1		0.3	1.83
	AUDD0068	705382	5711137	347	210.0	55.0	207	55.2	58.3		3.11	1.52
	AUDD0069	703950	5709298	352	180.0	55.0	150	92.2	92.7		0.5	1.82
		10 AUDD0070	705489	5711249	354	265.0	55.0	363	157.4	158.1		0.7	5.78
								177.4	178.1		0.7	1.36
								209.1	210.6		1.5	1.65
								231.7	232.3		0.6	3.18
								339	340		1	1.13
	AUDD0071	704030	5709305	352	180.0	55.0	153		NSI
	AUDD0072	704195	5709342	352	180.0	55.0	180		NSI
	AUDD0073	703820	5709580	340	160.0	65.0	434	402.5	102.85		0.35	1.24
								448.6	450.4		1.8	1.57
	AUDD0074	705458	5711197	354	265.0	55.0	207	3.3	4		0.7	1.82
								49.9	50.5		0.6	7.63
								101.9	102.8		0.9	1.59
								193.6	194.1		0.5	1.64
	AUDD0075	705520	5711140	356	265.0	55.0	286	227.05	228		0.95	1.04
	AUDD0076	704973	5710906	340	160.0	60.0	89.5	97.4	97.95		0.55	11.9
								162.05	162.4		0.35	2.49
	AUDD0076A	704973	5710906	340	160.0	60.0	180		NSI
	AUDD0077	704898	5710715	341	350.0	70.0	57	12.7	14.3		1.6	16.86
							inc:	13.6	14.3		0.7	36.6
	AUDD0078	704871	5710794	340	160.0	60.0	240	20.3	25.9		5.6	33.39
							inc:	20.3	23.7		3.4	51.13
								120.5	121.2		0.7	1.64

Hole No.	Easting	Northing	Elevation	Azimuth	Dip	Drilled Length	From	To	Width	Assay	Comment
						(m)	(m)	(m)	(m)	g/t Au
AUDD0079	704845	5710913	339	160	60	122	239.15	239.5	0.35	1.13
							249.7	250.85	1.15	29.7
							167.7	168	0.3	1.14
AUDD0080	704912	5710820	340	190.0	60.0	30	NSI				Abandoned Hole
AUDD0081	704844	5710819	340	294	60	160	18.1	18.5	0.4	1.24
							171.1	171.55	0.45	1.31
							201.5	210.9	9.4	2.6
						inc:	201.5	203.7	2.2	3.18
						and:	209.25	210.45	1.2	6.99
AUDD0082	704940	5711292	337	318	65	165	211	213	2	1.91
AUDD0083	705031	5710958	340	201	55	160	NSI
AUDD0084	704822	5710854	340	330	60	160	215	216	1	5.87
AUDD0085	705120	5711013	341	261	70	180	165.8	167.4	1.6	6.12
AUDD0086	704957	5710978	340	204	60	190	110.4	110.75	0.35	1.62
							115	115.9	0.9	1.75
AUDD0087	705097	5711240	338	252	55	180	233.7	234.8	1.1	2.99
AUDD0088	704783	5710985	338	353	70	160	317.5	37.8	0.3	2.98
							347.7	348	0.3	1.28
							349.9	350.2	0.3	5.04
AUDD0089	705160	5711000	340	22.5	70	180	NSI				Abandoned Hole
AUDD0090	705160	5711000	341	132	55	205	NSI
AUDD0091	705144	5711042	340	201	70	180	151.45	151.9	1.95	1.39
AUDD0092	704773	5710893	339	84	60	160	46.15	51.1	4.95	9.5
						inc:	46.5	49.5	3.35	13.3
AUDD0093	705127	5711200	339	127.7	55	180	NSI				Abandoned Hole
AUDD0094	705002	5711039	341	74	65	240	NSI
AUDD0095	704833	5710773	340	192	55	160	48.9	49.2	0.3	8.25
							117.65	118.25	0.6	14.1
							161.5	162.1	0.6	12.6
AUDD0096	705002	5711039	339	159	55	180	47.1	48	0.9	5.26
							126.7	127	0.3	2.24
							137.8	138.15	0.35	3.52
							149.2	152	2.8	2.14
						inc	149.2	149.7	0.5	8.53
							154.3	154.6	0.3	1.7
AUDD0097	704864	5710718	340	129	55	160	Awaiting Assay
AUDD0098	704955	5710704	341	117	65	240	NSI
AUDD0099	704955	5711234	338	267	62	160	55.25	57.95	2.7	1.47
							115.05	115.35	0.3	1.38
							154.35	154.65	0.3	1.7
							170.65	171.2	0.55	1.84

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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
AUDD0100	704836	5710981	339	501	60	160	123.5	123.8	0.3	1.09
							154	155	1	1.09
							163.65	164.25	0.3	3.25
							456.8	460.8	4	3.08
						inc:	459.6	460.8	1.2	8.03
							491.75	492.5	0.75	4.92
AUDD0101	705093	5711185	339	152.5	55	180	86.25	86.55	0.3	14	Partial Assay
							129.75	130.25	0.5	1.59
AUDD0102	704970	5711166	339	263.25	60	160	41.7	42	0.3	315.4
							166.6	166.9	0.3	1.46
							250.45	251.9	1.45	19.3
							257.6	257.9	0.3	6.2
AUDD0103	705028	5711250	338	262	55	180	39.8	42.1	2.3	7.8	Partial Assay
						inc:	41.8	42.1	0.3	43.9
AUDD0104	704962	5711060	340	519	60	180	191.2	192.2	1	34.9
AUDD0105	704906	5710907	339	412	60	160	95.95	96.25	0.3	1.9
AUDD0106	705030	5711193	339	261	55	180	129	130.15	1.15	3.22	Partial Assay
							178.5	179.35	0.85	1.02
AUDD0107	704781	5710921	339	390.0	60.0	160	432	436	4	3.55	Partial Assay
AUDD0108	705184	5711235	339	259.7	60.0	180		Awaiting Assay
AUDD0109	705091	5711123	340	450	55	180	197.25	197.6	0.35	2.46	Partial Assay
AUDD0110	706911	5712209	338	110	45	206		Awaiting Assay
AUDD0111	705260	5711233	339	180	55	369		Awaiting Assay
AUDD0112	704843	5711292	338	537	60	160	382.1	383.3	1.2	11.9	Partial Assay
AUDD0113	704719	5710869	340	471	60	160		Awaiting Assay
AUDD0114	704755	5710787	340	160	55	249		Awaiting Assay
AUDD0115	704665	5710646	341	160	55	198		Awaiting Assay
AUDD0116	705365	5711346	338	288	60	180		Awaiting Assay
AUDD0117	704579	5710741	341	402	55	160		Awaiting Assay
AUDD0118	704600	5710562	343	201	55	160		Awaiting Assay
AUDD0119	705029	5711316	337	393	60	180	338.8	339.4	0.6	313	Partial Assay
AUDD0120	704853	5711166	338	180.0	55.0	501	302.2	302.65	0.45	33.7	Partial Assay

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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 1981 are 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
				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.
			•	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).
		diamond tails, face-sampling bit or other	•	All other drilling is NQ diameter including Auteco drilling
		type, whether core is oriented and if so, by		subject to this release (prefix AUDD**).
		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 recovery and grade and whether		Auteco drilling - AUDD* prefix) indicated that nearly all of the
		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.

Page | 13

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				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
	•	Nature of quality control procedures		by Fire Assay with a gravimetric finish. . Samples from
		adopted (eg standards, blanks, duplicates,		historical diamond drilling programs conducted between
		external laboratorychecks)and whether		1981 and 2008 were dispatched to a varietyof accredited

Page | 14

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		acceptable levels of accuracy (i.e. lack of		laboratories in Canada for Fire Assay analysis. Historical drill
		bias) and precision have been established.		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
				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
				details of historical procedures see document ‘Updated
				Mineral Resource Estimate for the Pickle Crow Property,
				Patricia MiningDivision,Northwestern Ontario,Canada’ NI-

Page | 15

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				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 trialled 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 the project area.
		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.

Page | 16

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
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).

Page | 17

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

Criteria JORC Code explanation Commentary	Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status • 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. • The security of the tenure held at the time of reporting along with any known impediments to obtaining a license to operate in the area. • • •	The mineral concessions of the Pickle Crow project consist of 106 patented mining claims covering 1,712ha and 88 contiguous, unpatented claims covering approximately 14,048ha. Of the 106 patented claims 98 (the Pickle Crow Lease) are held in the name of Teck Cominco Limited (Teck) and 8 are held in the name of PC Gold. The unpatented claims are held in the name of PC gold. PC Gold has a lease on the 98 patented claims held by Teck which expires in 2067. These leasehold claims are subject to two net smelter return (NSR) royalties totalling 1.25%. The other 8 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 Gold Corp ('First Mining') (Earn-in Agreement') and has met its expenditure requirements under the Stage 1 Earn-In Agreement. Auteco will now proceed to issue 100 million ordinary shares to First Mining , which will be subject to shareholder approval. Subject to completion of the share issuance, Auteco will have earned a 51% equity interest in PC Gold Inc., First Mining‘s wholly-owned subsidiary that currently owns the Pickle Crow Gold Project. To acquire its 80% interest, Auteco will be required to satisfy further earn- in stages: 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'). Stage 3 Earn-in:Auteco 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 MiningInc.
Exploration done by other parties • Acknowledgment and appraisal of exploration by other parties. •	The first government survey of the area was performed by 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

Page | 18

Criteria	JORC Code explanation	Commentary
		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 company set
		up in 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 Cohen- MacArthur 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 (non-compliant) 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

Page | 19

Criteria	JORC Code explanation	Commentary
		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, Canada’ NI-43-101 dated 15
		June 2018 and available from System for Electronic
		Document Analysis and Retrieval (www.sedar.com) for First
		MiningInc.
Geology	• Deposit type, geological setting and style of	• The Pickle Crow Gold Deposit is considered to be an Archean
	mineralisation.	low-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 Sub province 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
	understanding of the exploration results	26/03/2020 as well as the current release for drill hole
	including a tabulation of the following	information for all reported drill holes for this JORC 2012
	information for all Material drill holes:	Table 1 and in accordance 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 clearlyexplain whythis 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
	minimum grade truncations (eg cutting of high	off grade has been applied. A maximum of 1m internal waste
	grades) and cut-off grades are usually Material	was allowed. Tabulated results are presented in ASX
	and should be stated.	announcements 28/01/2020, 26/03/2020 and Appendix A of
	• Where aggregate intercepts incorporate short	this release)
	lengths of high-grade results and longer lengths
	of low-grade results, the procedure used for such	• Metal equivalent values are not used
	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 clearlystated.
Relationship between mineralisation	• These relationships are particularly important in	• All intersections reported in the body of this release are
widths and intercept lengths	the reporting of Exploration Results.	down hole
	• If the geometry of the mineralisation with	• The majority of the drill holes are drilled as close to
	respect to the drill hole angle is known, its nature	orthogonal to the plane of the mineralised lodes as possible.
	should be reported.	A number of drill holes have intersected the mineralisation at
	• If it is not known and only the down hole lengths	high angles.
	are reported,there should be a clear statement	• Onlydown hole lengths are reported.

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Criteria	JORC Code explanation	Commentary
	to this effect (eg ‘down hole length, true width
	not known’).
Diagrams	• Appropriate maps and sections (with scales) and	• Maps and sections are included in the body of this release as
	tabulations of intercepts should be included for	deemed appropriate by the competent person.
	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.
Balanced reporting	• Where comprehensive reporting of all	• Any significant higher-grade zones in historical drilling
	Exploration Results is not practicable,	quoted in this release have been reported in ASX
	representative reporting of both low and high	announcements 28/01/2020, 26/03/2020 and Appendix A of
	grades and/or widths should be practiced to	this release)
	avoid misleading reporting of Exploration Results.	• All results above 0.5g/t lower cut-off or 1g/t quoted in this
		release have been reported in ASX announcements
		28/01/2020, 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
	contaminatingsubstances.
Further work	• The nature and scale of planned further work	• Auteco Minerals Limited is currently conducting drill testing
	(e.g. tests for lateral extensions or depth	of additional lodes as well as step out and infill drilling of
	extensions or large-scale step-out drilling).	existing lodes to further enhance the resources quoted in
	• Diagrams clearly highlighting the areas of	this release. More information is presented in the body of
	possible extensions, including the main	this report.
	geological interpretations and future drilling	• Diagrams in the main body of this release show areas of
	areas, provided this information is not	possible resource extension on existing lodes. The company
	commercially sensitive.	continues to identify and assess multiple other target areas
		within thepropertyboundaryfor additional resources.

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