FireFly Metals Ltd. — Capital/Financing Update 2021

Jan 18, 2021

ASX: AUT 19 January 2021

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More Shallow High-Grade Lodes Identified Outside Current 1Moz at 11.3 g/t Resource

Recent drilling results include 5.6m @ 33.4 g/t, pointing to further resource potential

Auteco Minerals Ltd ( Auteco or the Company ) (ASX: AUT ) is pleased to announce strong drilling results outside the current Resource, paving the way for an increase in the Independent JORC 2012 Inferred Resource at Pickle Crow of 1Moz @ 11.3 g/t gold (refer ASX release 1 September 2020).

KEY POINTS

• Auteco’s current 45,000m drilling program is generating strong results in line with the Company’s strategy to extend the known mineralisation at Pickle Crow

• 19,400m (84 holes) drilled to date; Assays have been fully or partially returned for 25 drill holes

• The current phase of drilling has successfully intersected extensions to known mineralised structures in addition to the discovery of previously undefined mineralisation, all of which are outside of the reported 1Moz Resource. Results include:

• 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

• 2m @ 8.2 g/t gold from 396.5m in hole AUDD0056 (Shaft 1 Veins) – Extension of Structure

• 4m @ 5.9 g/t gold from 420m in hold AUDD0056 (Shaft 1 Veins) – Extension of Structure

• Latest drilling has also extended the Shaft 1 veins, demonstrating continuity from previously released Auteco drill results (refer ASX 1/09/2020). Results include:

• 0.6m @ 99.4 g/t gold from 167.4m in hole AUDD0017 (Shaft 1 Veins)

• 1.6m @ 25.8 g/t gold from 95m in hole AUDD0013 (Shaft 1 Veins)

• 1.6m @ 19.6 g/t gold from 372m in AUDD0019 (Shaft 1 Veins)

• 1.53m @ 26.6 g/t gold from 8.53m in 744-28 (Shaft 3 Veins)

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

• Mineralisation is adjacent to existing underground and surface infrastructure

• An updated Mineral Resource estimate is on track for delivery in the June quarter, 2021

• Auteco is fully funded to continue its 3-rig drill program to increase the Resource and test significant new targets at Pickle Crow with $32M cash on hand (at 30 September 2020)

• Recent appointment of Darren Cooke as Chief Operating Officer; Mr Cooke will oversee Auteco’s push to increase the Resource and identify new targets at Pickle Crow

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 Executive Chairman, Ray Shorrocks, said:

“These latest results provide more evidence of the strong potential to grow the 1Moz Resource at Pickle Crow.

“This is supported by the definition of multiple new areas of high-grade quartz vein-hosted mineralisation with excellent geological continuity and multiple instances of visible gold. This is the same style of mineralisation from which the mine produced 1.5Moz at 16 g/t historically[1] .

“The width and high grade of recently returned results, coupled with their shallow nature reinforces the numerous resource growth opportunities at the project. These results are supported by numerous high grade historical drill intercepts outside of current resources which will help to fast-track the definition of the new areas towards resource classification.

“With three drill rigs currently operating and given the strength of the latest results, we remain on track to meet our intended Resource upgrade in the June quarter of 2021.”

ABOUT THE EXPLORATION PROGRAM

Auteco has a detailed and systematically phased strategic plan 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

A 45,000m drill program is underway with the ultimate objective of delivering an updated Mineral Resource estimate in the June quarter, 2021. A small portion of the budget (A$3M) has been allocated to complete preliminary testing of the high-quality exploration targets within the 320 sq. km of regional tenure held by Auteco in the greater Pickle Crow camp.

To date, a total of 84 diamond drill holes for 19,423m have been completed with assay results returned or partially returned for 25 holes (refer to Appendix A and Figure 2 for details). Auteco expects to receive the balance of the assay results in the first quarter 2021, noting that these time frames are subject to change and could be affected by factors outside of Auteco's control, such as further outbreaks of COVID-19. There are currently 3 surface diamond drill rigs on site. The drilling thus far has focused exclusively on near mine extensions and discovery of mineralised structures (Figure 2) outside of the reported Resource. At the completion of phase 2 work program (near mine extensions), the program will transition to infill drilling and Resource definition, providing sufficient data density to update the Mineral Resource estimate.

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EXPLORATION AND GEOLOGICAL DETAIL

Reconnaissance drilling highlights new shallow high-grade gold discoveries

Near mine extensional drilling completed to date has focused on 3 key areas in close proximity to existing shaft infrastructure (Shaft 1, Shaft 2 and the Albany Shaft) as denoted in Figure 2.

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Figure 2: Plan View of Pickle Crow mineralised trend highlighting location, Shaft locations and all results of recent reconnaissance drilling (refer to ASX 01/09/2020, 11/11/2020 and Appendix A for details). Collars represented as max gram x metre results (gm), Results <5gm not represented by labels, please refer to Appendix A – Table 2 for details.

Recent 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.

SHAFT 3 EXPLORATION

Recent drilling around Shaft 3 has resulted in the discovery of multiple new veins currently outside of resources. Hole AUDD0078 intersected 5.6m @ 33.4 g/t gold from 20.3m (includes 3.4m @ 51.1 g/t gold from 20.3m) with individual assay grades of up to 117 g/t gold and 109 g/t gold (0.4m @ 117 g/t gold from 21.3m and 0.3m @ 109 g/t gold from 22.8m – see Appendix A, Figure 3 and 4 below).

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Figure 3: AUDD0078: Multiple 1-2mm flecks of visible gold in laminated quartz-tourmaline-gold vein within strongly sericite-altered Quartz Feldspar Porphyry. Sample 40cm at 117 g/t gold from 21.3m. Diamond core NQ diameter (image 47.6mm width).

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Figure 4: AUDD0052: No 5 Vein. 20.3m to 25.9m. Laminated quartz-tourmaline-gold vein within high strain sericite altered QuartzFeldspar Porphyry. Interval 5.6m @ 33.4 g/t Gold.

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This result is supported by high-grade historical results currently outside of resources including, but not limited to (see Appendix A – Table 2 for full list):

• 1.2m @ 103.4 g/t gold from 20.2m in 744-24

• 2.7m @ 43.7 g/t gold from 2.96m in 3-2-112

These additional results are open down dip and along strike in both directions and this area represents a priority target for Auteco with follow up drilling down dip from target prioritised (see Figure 5 below).

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Figure 5 : Shaft 3 drilling significant intercept. Section view looking 075[o] , showing geology, historical stopes, recent drillhole intercepts and proposed drilling (refer to Appendix A for details and Figure 2 for location of Section Line).

VEIN 5 EXTENSION DISCOVERY

Ongoing drilling targeting the South West extension of the Vein 5 and Vein 11 have returned results including:

• 2m @ 8.2 g/t gold from 396.5m in AUDD0056

• 4m @ 5.9 g/t gold from 420m in AUDD0056

These additional drill results are supported on an 80m x 80m framework by recent drill results including 3.6m @ 8.2 g/t gold from 370m in AUDD0034A. In total this defines an area of approximately 300m x 200m on two separate lodes with mineralisation remaining open to the South West and down plunge.

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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). Historic sampling protocols selectively sampled quartz vein material only and may not represent the full width of mineralisation. Work completed by Auteco demonstrates gold is not constrained exclusively to quartz veining, with mineralisation present in surrounding alteration halos. Follow up drilling will now be focused on defining high-grade shoot controls and locations within the now well constrained mineralised envelopes at Vein 5.

FORWARD PLAN

Exploration efforts are currently focused on the identification of additional structures with the potential to host 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 compelling drill targets based on historic drilling have been identified in close proximity to existing infrastructure. Recent drilling completed by Auteco continues to validate the historic information in addition to identifying additional mineralised structures.

Auteco plans to provide an updated Mineral Resource estimate prepared in accordance with the JORC Code (2012 Edition) in the June quarter of 2021.

PROGRESS TO DATE

Auteco commenced its maiden drilling program at Pickle Crow in late May 2020 and now has a 45,000m diamond core drill programme underway.

• 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. Further Exploration drill results from targets outside of the Resource Estimate include the following high-grade drill results, which have been selected to demonstrate prospectively (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 Hanging wall Lodes:

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

• 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)

Vein 112 Target:

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

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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 @ 122.0 g/t gold from 95.7m)

• 0.6m @ 99.4 g/t gold from 167.4m in AUDD0017 (include 0.3m @ 181.0 g/t gold from 167.4m)

• o 3.6m @ 8.2 g/t gold from 370m in AUDD0034A

Additional potential for near term Resource expansion through the incorporation of ‘BIF style mineralisation’ currently outside of the Resource Estimate, with historical drill results (refer ASX 01/09/2020) 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 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

ABOUT THE MINERAL RESOURCE ESTIMATE – 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 high-grade 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). 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.

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/

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

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ABOUT AUTECO MINERALS

Auteco Minerals Ltd (ASX: AUT) is an emerging mineral exploration company focused on advancing highgrade 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 1Moz 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.au

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 and 11/11/2020. 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.

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:

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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
AUDD0044	704501	5710142	342	185.0	60.0	264				NSI	Partial Assay
AUDD0045	704999	5710365	343	185.0	50.0	168					Awaiting Assay
AUDD0046	704501	5710142	342	185.0	50.0	198				NSI
AUDD0047	704438	5710598	343	175.0	60.0	261	128.55	129.8	1.25	1.01
AUDD0048	704497	5710108	346	186.0	50.0	165	150.6	151	0.4	3.59
							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	25.9	27.25	1.35	4.17
AUDD0051	706189	5711501	346	140.0	55.1	111.68	17.18	17.88	0.7	3.36
							34.18	35.5	1.32	1.03
							100	100.9	0.89	3.61
AUDD0052	704148	5709537	352	180.0	60.0	263	39.9	40.3	0.4	2.17
							48	49.5	1.5	1.12
							119.8	121.8	1.95	2.05
							126	126.3	0.3	13
							216.7	217	0.3	1.12
AUDD0053	705183	5710740	342	250.1	55.4	321	220	220.6	0.55	1.39
							225.7	226.5	0.75	1.01
							238.95	240	1.05	2.59
AUDD0054	704141	5709602	353	180.0	60.0	393	78.1	78.6	0.5	1.91
AUDD0055	705270	5710931	343	264.0	49.0	456.25	31.62	32.21	0.6	3.42
							210.86	212.6	1.77	2.31
							132.43	133.5	1.02	2.32
							144.36	144.9	0.56	1.31
							225.6	226.4	0.77	1.23
							446	447.1	1.09	1.05
							452.86	453.6	0.7	1.77
AUDD0056	703910	5709647	341	170.0	65.0	510	54.3	55	0.7	1.23	Partial Assay
							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
AUDD0057	705087	5710604	343	305	60	432	311	312	1	1.02
							397.3	397.7	0.4	4.58
AUDD0058	705280	5710822	344	265.0	60.0	456	430.85	433	2.15	2.06
							444	445.5	1.5	2.59
AUDD0059	704387	5709660	350	240.0	55.0	225	NSI
AUDD0060	704329	5709709	350	240.0	55.0	225	NSI

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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
AUDD0061	703851	5709637	340	175.0	50.0	453	380.85	382	1.15	2.37	Partial Assay
							407	420	13	1.3
						inc:	414	415	1	5.02
AUDD0062	705520	5711200	357	265.0	55.0	309	192.5	193.6	1.1	1.95
							209.7	211	1.3	1.01
							240.35	243.5	3.15	1.63
AUDD0063	704139	5709729	351	260.0	50.0	96	35	38	3	2.09	Partial Assay
AUDD0064	703789	5709411	346	150.0	55.0	309					Awaiting Assay
AUDD0065	705489	5711249	354	310.0	55.0	238.35	NSI
AUDD0066	703789	5709410	346	150.0	65.0	423	159.85	164.3	4.45	1.7	Partial Assay
AUDD0067	705489	5711249	354	265.0	55.0	122.2					Awaiting Assay
AUDD0068	705382	5711137	347	210.0	55.0	207	55.2	58.3	3.11	1.52	Partial Assay
AUDD0069	703950	5709298	352	180.0	55.0	150					Awaiting Assay
AUDD0070	705489	5711249	354	265.0	55.0	363	209.1	210.6	1.5	1.65	Partial Assay
AUDD0071	704030	5709305	352	180.0	55.0	153					Awaiting Assay
AUDD0072	704195	5709342	352	180.0	55.0	180					Awaiting Assay
AUDD0073	703820	5709580	340	160.0	65.0	434					Awaiting Assay - Current Hole
AUDD0074	705458	5711197	354	265.0	55.0	207					Awaiting Assay
AUDD0075	705520	5711140	356	265.0	55.0	286					Awaiting Assay
AUDD0076	704973	5710906	340	160.0	60.0	89.5					Awaiting Assay
AUDD0076A	704973	5710906	340	160.0	60.0	180					Awaiting Assay
AUDD0077	704898	5710715	341	350.0	70.0	57	12.7	14.3	1.6	16.86	Partial Assay
						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	Partial Assay
						inc:	20.3	23.7	3.4	51.13
AUDD0079	704845	5710913	339	160	60	122					Awaiting Assay-Current Hole
AUDD0080	704912	5710820	340	190.0	60.0	30					Awaiting Assay

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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. Historical drillholes completed by previous operators.

Hole No.	Easting	Northing	Elevation	Azimuth	Dip	Drilled Length	From	To	Width	Assay	Comment
						(m)	(m)	(m)	(m)	g/t Au
744-26	704876	5710777	340	158	60	46	9.14	9.45	0.31	8.57
							11.58	12.01	0.43	15.77
744-24	704877	5710779	340	338	60	46	20.24	21.46	1.22	103.37
744-14	704909	5710860	340	157	60	245	219.46	222.81	3.35	6.83
3-4-149	704964	5710841	229	171	-60	16	12.05	12.96	0.91	15.77	Single sample
3-4-148	704964	5710841	229	171	-74	18	15.98	16.41	0.43	9.94
3-4-150	704964	5710841	229	171	-30	30	11.62	11.71	0.09	6.17
3-2-112	704907	5710796	310	161	11	96	1.83	2.53	0.70	1.62
							2.96	5.67	2.71	43.74
							8.63	8.69	0.06	33.21
744-29	704907	5710701	341	338	80	39	7.75	8.05	0.30	2.06
							8.23	8.74	0.51	8.95
							11.89	11.96	0.07	6.86
744-28	704899	5710721	341	338	80	31	8.53	10.06	1.53	26.55
							11.10	11.40	0.30	1.37
							13.77	14.33	0.56	75.09
							14.45	14.68	0.23	1.03
744-38	704926	5710734	341	338	80	33	9.14	12.93	3.79	19.44
							13.41	14.02	0.61	1.03
							18.90	19.02	0.12	1.37
							24.38	24.99	0.61	1.03
744-3	704908	5710779	340	158	40	107	24.87	25.04	0.17	3.43
							35.05	35.51	0.46	2.06
							38.56	40.54	1.98	4.16
							67.82	68.28	0.46	1.37
							68.73	69.80	1.07	3.87
							91.44	92.96	1.52	12.34
744-34	704869	5710791	340	338	60	34.47	22.38	22.86	0.48	3.09
744-25	704876	5710777	340	360	90	61	20.85	21.64	0.79	9.60
							35.05	35.66	0.61	1.37
							54.69	55.17	0.48	3.09
744-2	704881	5710754	340	158	40	56.43	17.68	18.64	0.96	3.00
744-27	704889	5710733	340	338	80	31	9.19	9.88	0.69	2.40
							10.97	11.40	0.43	1.71
							16.59	16.76	0.17	2.74
3-4-164	704837	5710867	233	358.75	-76	20	16.29	16.78	0.49	16.46
3-750-465	704971	5710839	129	170.32	0	32	16.62	16.78	0.16	3.43
3-750-434	704883	5710743	130	143.87	0	77	7.02	7.63	0.61	1.88
							22.42	22.88	0.46	2.40

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APPENDIX B - JORC CODE, 2012 EDITION

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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 exploration with
		channels, random chips, or specific		NQ diameter (47.6mm) drill core was recovered from drilling. Noramco
		specialised industry standard measurement		drilling, CP- prefix is BQ diameter (36.5mm). All other quoted intercepts and
		tools appropriate to the minerals under		the bulk of historical drilling data is of NQ diameter including Auteco drilling
		investigation, such as down hole gamma		subject to this release (prefix AUDD**).
		sondes, or handheld XRF instruments, etc).	•	The core was sawn in half following a sample cutting line determined by
		These examples should not be taken as		geologists during logging and submitted for analysis on nominal 1m (1ft for
		limiting the broad meaning of sampling.		historical drillholes) intervals or defined by geological boundaries
	•	Include reference to measures taken to		determined by the logging geologist.
		ensure sample representivity and the	•	Samples from PC Gold holes (PC- prefix) post 2008 were submitted to ALS
		appropriate calibration of any measurement		Chemex in Thunder Bay and North Vancouver for analysis. Samples were
		tools or systems used.		prepared for analysis using a jaw crusher which was cleaned with a silica
	•	Aspects of the determination of		abrasive between samples resulting in 90% of the sample passing through
		mineralisation that are Material to the		an 8 mesh screen. A split of the crushed sample weighing 1000g was then
		Public Report.		pulverised to 90% passing a 150 mesh screen. Sample pulps were analysed
	•	In cases where ‘industry standard’ work has		for gold by Fire Assay using 50g sample charge with atomic absorption
		been done this would be relatively simple		spectroscopy (AAS) finish. If the returned assay result was equal to or
		(eg ‘reverse circulation drilling was used to		greater than 5g/t then the sample was reassayed by Fire Assay with a
		obtain 1 m samples from which 3 kg was		gravimetric finish. Samples from historical diamond drilling programs
		pulverised to produce a 30 g charge for fire		conducted between 1981 and 2008 were dispatched to a variety of
		assay’). In other cases, more explanation		accredited laboratories in Canada for Fire Assay analysis. Historical drill
		may be required, such as where there is		results prior to 1981are Fire Assay conducted by unknown laboratories
		coarse gold that has inherent sampling		(most likely the mine laboratory during the operational life of the Pickle
		problems. Unusual commodities or		Crow Mine) and with unknown preparation methods and assay charge,
		mineralisation types (eg submarine nodules)		however previous operators have duplicated and verified results. Recent
		may warrant disclosure of detailed		sampling by Auteco minerals on drill holes subject to this release (prefix
		information.		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
Page	12			•
				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 with NQ
		hole hammer, rotary air blast, auger,		diameter (47.6mm) drill core was recovered from drilling. Noramco drilling,
		Bangka, sonic, etc) and details (eg core		CP- prefix is BQ diameter (36.5mm). All other drilling is NQ diameter
		diameter, triple or standard tube, depth of		including Auteco drilling subject to this release (prefix AUDD**).
		diamond tails, face-sampling bit or other
		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 drilling subject to
		chip sample recoveries and results assessed.		this release -prefix AUDD**) with the exception of Noramco drillholes (CP-
	•	Measures taken to maximise sample		prefix). RQD was recorded for all diamond drilling as per industry standard.
		recovery and ensure representative nature		A review of the available diamond drill core RQD’s from the Pickle Crow
		of the samples.		project (PC- prefix and recently completed Auteco drilling - AUDD* prefix)
	•	Whether a relationship exists between		indicated that nearly all of the holes produced excellent recoveries with an
		sample recovery and grade and whether		average of >90%. For drilling conducted by other operators recoveries are
		sample bias may have occurred due to		unknown although reports do not highlight significant core loss.
		preferential loss/gain of fine/coarse	•	A review of RQD results does not highlight a relationship between sample
		material.		recoveryandgrade or highlight anysample 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) were
		geologically and geotechnically logged to a		geologically logged. Lithology, veining, alteration, mineralisation and
		level of detail to support appropriate		weathering are all recorded in the geology table of the drill hole database.
		Mineral Resource estimation, mining studies		Other historical drillholes have been similarly logged and records have been
		and metallurgical studies.		digitized from report format.
			•	Geological logging of Diamond Core samples is qualitative and descriptive in
				nature.

==> picture [115 x 34] intentionally omitted <==

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
	•	Whether logging is qualitative or	•	All holes quoted have been logged in their entirety.
		quantitative in nature. Core (or costean,
		channel, etc) photography.
	•	The total length and percentage of the
		relevant intersections logged.
Sub-sampling	•	If core, whether cut or sawn and whether	•	All drilling quoted from PC Gold and Auteco exploration (PC-and AUDD*
techniques and		quarter, half or all core taken.		hole prefix) is NQ diameter (47.6mm) drill core recovered from drilling. All
sample preparation	•	If non-core, whether riffled, tube sampled,		other quoted intercepts are NQ diameter with the exception of Noramco
		rotary split, etc and whether sampled wet or		drilling (CP- Prefix) which is BQ (36.5mm) diameter. The core was sawn in
		dry.		half following a sample cutting line determined by geologists during logging
	•	For all sample types, the nature, quality and		and submitted for analysis on nominal 1m (or 1ft) intervals or defined by
		appropriateness of the sample preparation		geological boundaries determined by the logging geologist.
		technique.	•	This sampling technique is industry standard and deemed appropriate.
	•	Quality control procedures adopted for all	•	PC Gold QA/QC protocols include the use of crush duplicates, ¼ core field
		sub-sampling stages to maximise		duplicates, the insertion of certified reference materials (CRM’s) including
		representivity of samples.		low, medium and high-grade standards and coarse blanks. This was
	•	Measures taken to ensure that the sampling		accomplished by inserting the QA/QC samples sequentially in the drill core
		is representative of the in-situ material		sample numbering system. One set of the four QA/QC types were inserted
		collected, including for instance results for		every 30 samples consisting of 1 crush duplicate, 1 ¼ split field duplicate, 1
		field duplicate/second-half sampling.		CRM (altering between low, medium and high standard) and 1 blank. This
	•	Whether sample sizes are appropriate to the		resulted in approximately every seventh sample being a QA/QC sample.
		grain size of the material being sampled.		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	•	The nature, quality and appropriateness of	•	Samples were submitted to ALS Chemex in Thunder Bay and North
and laboratory tests		the assaying and laboratory procedures used		Vancouver for analysis. Samples were prepared for analysis using a jaw
		and whether the technique is considered		crusher which was cleaned with a silica abrasive between samples resulting
		partial or total.		in 90% of the sample passing through an 8 mesh screen. A split of the
	•	For geophysical tools, spectrometers,		crushed sample weighing 1000g was then pulverized to 90% passing a 150
		handheld XRF instruments, etc, the		mesh screen. Sample pulps were analysed for gold by Fire Assay using 50g
		parameters used in determining the analysis		sample charge with atomic absorption spectroscopy (AAS) finish. If the
		including instrument make and model,		returned assay result was equal to or greater than 5g/t then the sample
		reading times, calibrations factors applied		was reassayed by Fire Assay with a gravimetric finish. . Samples from
		and their derivation, etc.		historical diamond drilling programs conducted between 1981 and 2008
	•	Nature of quality control procedures		were dispatched to a variety of accredited laboratories in Canada for Fire
		adopted (eg standards, blanks, duplicates,		Assay analysis. Historical drill results prior to 1981are Fire Assay conducted
		external laboratory checks) and whether		by unknown laboratories (most likely the mine laboratory during the
		acceptable levels of accuracy (i.e. lack of		operational life of the Pickle Crow Mine) and with unknown preparation
		bias) and precision have been established.		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 MiningDivision,

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				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	•	The verification of significant intersections	•	Historical significant intersections quoted have been verified by
sampling and assaying		by either independent or alternative		Independent Geological Consultants Micon International Limited. For more
		company personnel.		details see document ‘Updated Mineral Resource Estimate for the Pickle
	•	The use of twinned holes.		Crow Property, Patricia Mining Division, Northwestern Ontario, Canada’ NI-
	•	Documentation of primary data, data entry		43-101 dated 15 June 2018 and available from System for Electronic
		procedures, data verification, data storage		Document Analysis and Retrieval (www.sedar.com) for First Mining Inc.
		(physical and electronic) protocols.	•	There are no twinned holes in the dataset but a comparison of the results
	•	Discuss any adjustment to assay data.		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 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- holeprefix)no adjustments were made to the data.
Location of data	•	Accuracy and quality of surveys used to	•	Upon completion of PC Gold drillholes collars (PC Gold prefix) were
points		locate drill holes (collar and down-hole		surveyed by third party contractors Delta Surveying and J.D.Barnes of
		surveys), trenches, mine workings and other		Thunder Bay to with +/- 1m using an SX Blue. For all other drilling hole
		locations used in Mineral Resource		collars were converted from local grids or digitised from georeferenced
		estimation.		maps. Where possible these historical surface drillholes have been re-
	•	Specification of the grid system used.		located, surveyed and verified in the field. Drillhole locations are also
	•	Quality and adequacy of topographic		recorded by the Ontario Ministry of Northern Development and Mines in
		control.		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 levelplans or converted from minegrids. All surface collars

Page | 14

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				have now been projected to a DTM generated from a LIDAR survey
				completed in 2008 and are to an accuracyof <1m.
Data spacing and	•	Data spacing for reporting of Exploration	•	Due to the nature of mineralisation the hole spacing is highly variable and
distribution		Results.		of a progressive exploration in nature.
	•	Whether the data spacing, and distribution	•	Data spacing is considered sufficient to establish geological and grade
		is sufficient to establish the degree of		continuities for mineral resource estimation at the Inferred Category
		geological and grade continuity appropriate	•	No sample compositing was applied.
		for the Mineral Resource and Ore Reserve
		estimation procedure(s) and classifications
		applied.
	•	Whether sample compositing has been
		applied.
Orientation of data in	•	Whether the orientation of sampling	•	Drill hole orientations were designed to test perpendicular or sub-
relation to geological		achieves unbiased sampling of possible		perpendicular to the orientation of the intersected mineralisation. Drilling
structure		structures and the extent to which this is		was typically oriented perpendicular to the trend of geophysical anomalism
		known, considering the deposit type.		and the mapped strike and dip of observed mineralisation on surface and
	•	If the relationship between the drilling		elsewhere in the project area.
		orientation and the orientation of key	•	Due to the density of drilling and the orientation of drilling perpendicular to
		mineralised structures is considered to have		mineralised bodies there is limited bias introduced by drillhole orientation.
		introduced a sampling bias, this should be
		assessed and reported if material.
Sample security	•	The measures taken to ensure sample	•	For PC Gold and Auteco drilling (PC- and AUDD* prefix), once the core
		security.		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 conducted as
		sampling techniques and data.		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	Commentary
Mineral tenement	• Type, reference name/number, location and	• The mineral concessions of the Pickle Crow project consist of 106 patented
and land tenure	ownership including agreements or material	mining claims covering 1,712ha and 88 contiguous, unpatented claims
status	issues with third parties such as joint ventures,	covering approximately 14,048ha. Of the 106 patented claims 98 (the Pickle
	partnerships, overriding royalties, native title	Crow Lease) are held in the name of Teck Cominco Limited (Teck) and 8 are
	interests, historical sites, wilderness or national	held in the name of PC Gold. The unpatented claims are held in the name of
	park and environmental settings.	PC gold. PC 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 smelter
	reporting along with any known impediments to	return (NSR) royalties totalling 1.25%. The other 8 patented claims (the
	obtaining a license to operate in the area.	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 MiningInc.
Exploration done by	• Acknowledgment and appraisal of exploration by	• The first government survey of the area was performed by William McInnes
other parties	other parties.	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 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

Page | 16

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Criteria	JORC Code explanation	Commentary
		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
		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 low-sulphide
	mineralisation.	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	• A summary of all information material to the	• Refer to Appendix A in ASX release 28/01/2020 and 26/03/2020 as well as
Information	understanding of the exploration results	the current release for drill hole information for all reported drill holes for
	including a tabulation of the following	this JORC 2012 Table 1 and in accordance with ASX listing rule 5.7.2.
	information for all Material drill holes:

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Criteria	JORC Code explanation	Commentary
	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	• In reporting Exploration Results, weighting	• All drill hole intersections are reported above a lower cut-off grade of 0.5g/t
methods	averaging techniques, maximum and/or	Gold or 1g/t as indicated, with no upper cut off grade has been applied. A
	minimum grade truncations (eg cutting of high	maximum of 1m internal waste was allowed. Tabulated results are
	grades) and cut-off grades are usually Material	presented in ASX announcements 28/01/2020, 26/03/2020 and Appendix A
	and should be stated.	of this release)
	• Where aggregate intercepts incorporate short
	lengths of high-grade results and longer lengths	• Metal equivalent values are not used
	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 clearlystated.
Relationship	• These relationships are particularly important in	• All intersections reported in the body of this release are down hole
between	the reporting of Exploration Results.	• The majority of the drill holes are drilled as close to orthogonal to the plane
mineralisation	• If the geometry of the mineralisation with	of the mineralised lodes as possible. A number of drill holes have intersected
widths and intercept lengths	respect to the drill hole angle is known, its nature should be reported.	the mineralisation at high angles. • Only down hole lengths are reported.
	• If it is not known and only the down hole 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) and	• Maps and sections are included in the body of this release as deemed
	tabulations of intercepts should be included for	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 quoted in this release
	Exploration Results is not practicable,	have been reported in ASX announcements 28/01/2020, 26/03/2020 and
	representative reporting of both low and high	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 release have
	avoid misleading reporting of Exploration Results.	been reported in ASX announcements 28/01/2020, 26/03/2020 and
		Appendix A of this release)
Other substantive	• Other exploration data, if meaningful and	• Appropriate plans are included in the body of this release.
exploration data	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 of additional
	(e.g. tests for lateral extensions or depth	lodes as well as step out and infill drilling of existing lodes to further
	extensions or large-scale step-out drilling).	enhance the resources quoted in this release. More information is
	• Diagrams clearly highlighting the areas of	presented in the body of this report.
	possible extensions, including the main	• Diagrams in the main body of this release show areas of possible resource
	geological interpretations and future drilling	extension on existing lodes. The company continues to identify and assess
	areas, provided this information is not	multiple other target areas within the property boundary for additional
	commerciallysensitive.	resources.

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