FireFly Metals Ltd. — Capital/Financing Update 2022

Jan 17, 2022

ASX: AUT 18 January 2022

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ASX ANNOUNCEMENT

Pickle Crow Gold Project, Canada

Exceptional hits of up to 35g/t pave way for February Resource Update

Results continue to point to significant increase in 1.7Moz Resource with extensions to known mineralisation in high-grade veins as well as in areas potentially amenable to bulk mining

KEY POINTS

• Drilling of high-grade veins outside the Resource in the Shaft 1 and Shaft 3 areas continues to deliver significant intersections, including[1] :

• 7.3m @ 33.3 g/t gold from 9.4m in AUDD0246

• 1.5m @ 35.2 g/t gold from 541.5m in AUDD0227

• 4.0m @ 11.0 g/t gold from 205.8m in AUDD0240

• 4.0m @ 6.5 g/t gold from 333.0m in AUDD0218

• 3.2m @ 3.4 g/t gold from 103.2m in AUDD0223

• 0.8m @ 13.9 g/t gold from 529.7m in AUDD0227

• Ongoing exploration targeting of Banded Iron Formation-hosted (BIF) mineralisation near Shaft 1 continues to return strong intersections, including:

• 6.0m @ 5.8 g/t gold from 423m in AUDD0205

• Exploration drilling targeting BIF mineralisation ~500m south-west of Shaft 1 at the F Zone target demonstrates the significant strike potential, with the first holes drilled returning intersections of:

• 25.2m @ 1.3 g/t gold from 166m in hole AUDD0228

• 11.8m @ 1.6 g/t gold from 130.3m in hole AUDD0225

• All these intersections are outside of the current Inferred Resource of 1.7 Moz at 8.1 g/t gold[2] , and will contribute to an updated Resource estimate, which remains on track for release in February 2022

• Five diamond rigs currently drilling at Pickle Crow

• Drilling has commenced on regional targets outside the main historic mine area, with first results expected early in the June quarter

1 All drillhole intersections are downhole widths

2 For details on the Pickle Crow Resource estimate, and all future references, please refer to ASX release dated 15 July 2021

ASX: AUT ACN: 110 336 733 Ray Shorrocks - Executive Chairman T: +61 8 9220 9030 Principal and Registered Office: Michael Naylor - Non-Executive Director Ground Floor Stephen Parsons - Non-Executive Director E: info@autecominerals.com W: www.autecominerals.com 24 Outram Street Nicholas Katris - Company Secretary West Perth WA 6005 Darren Cooke - Chief Operating Officer

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AuTECO Minerals Ltd (AUT.ASX) is pleased to report more outstanding drilling results which will help underpin a Resource update set for release next month.

The latest intersections from the 50,000m drilling program underway at the Pickle Crow project in Ontario, Canada continue to extend the known mineralisation outside the 1.7 Moz Resource at 8.1 g/t gold.

AuTECO has five diamond drill rigs operating as part of its strategy to continue growing the Resource. The inventory comprises the high-grade vein Resource of 1.47 Moz at 10.1 g/t and the alteration-hosted (BIF) Resource of 240,000oz at 3.7 g/t.

In the high-grade veins, Resource expansion drilling in the Shaft 1 and Shaft 3 areas continued to return significant drill intersections that increase the known extent of mineralised structures. Results reported in this release, including 7.3m @ 33.3 g/t from just 9.4m down the hole, point to a significant increase in the Resource update scheduled for completion and release in February 2022.

Near-mine exploration for alteration-hosted mineralisation with bulk mining potential continues in the Shaft 1 area. A follow-up hole to the intersection reported in the ASX release dated 2 December 2021 (19.5m @ 3.3 g/t gold from 340.7m) returned an assay of 6.0m @ 5.8 g/t gold from 423m, demonstrating continuity of mineralisation. Furthermore, exploration holes drilled ~500m southwest of the Shaft 1 BIF holes intersected broad zones of mineralisation (25.2m @ 1.3 g/t gold, 11.8m @ 1.6 g/t gold) in a target area called the F Zone.

Drilling has commenced on the regional exploration targets located away from the Pickle Crow mine, with testing of the south-west Powderhouse target in progress. AuTECO manages ~500sqkm of tenure in the Pickle Lake district. Results are expected early in the June quarter.

AuTECO Executive Chairman Ray Shorrocks said: “ The more we drill, the more gold we find. This outstanding success rate reflects the world-class quality of the Pickle Crow mineralised system.

“These latest results contain mineralisation well outside the current 1.7Moz Resource, which shows the size of the geological system.

“In addition, the promising results in the alteration-hosted mineralisation continue to validate our concept of establishing higher and lower-grade areas which can be mined using different methods but would take advantage of the same access infrastructure.

“AuTECO remains fully funded to continue the exploration and growth campaign”.

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ABOUT THE EXPLORATION PROGRAM

Following the success of the previous 45,000 metre drill campaign that delivered a 71% increase in the Inferred Resource to 1.7 million ounces of gold at a grade of 8.1 g/t, the board of AuTECO approved an additional 50,000 metres of drilling in June 2021. The dual strategy of driving nearmine Resource growth combined with early-stage exploration targeting will continue to be the focus of the drilling program (Figure 1). A Resource update as at 31 December 2021 is scheduled for completion and release in February 2022.

To date 36,440m of the program has been completed for 80 drill holes. A fifth rig has recently commenced on site to take advantage of favourable drill access conditions during the Canadian winter. The additional rig also ensures that the 50,000 metre program is on track to conclude in Q1 2022 despite the delays in July-August 2021 due to wildfire risk.

Assay turn-around is variable, with the average 3 month rolling average 24 days. This is significantly ahead of industry standards for assay turnaround time in both Canada and Australia at present. Complete assays have been returned for 56 holes in the program, with partial assays received for 14 holes. Assays are yet to be received for a further 10 holes.

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Figure 1: Current AuTECO strategic work plan and key objectives from July 2021 until the scheduled release of the year end Resource update in February 2022. Please note that timeframes are indicative.

EXPLORATION AND GEOLOGICAL DETAIL

Deposit Overview

Geological Setting

The Pickle Crow deposit is located in the Uchi-Birch sub-province of the Archean aged Superior Craton (Figure 2). AuTECO manages approximately 500 square kilometres of tenure in the northern Pickle Lake greenstone belt (Figure 3).

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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.

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Figure 2: Location of the Pickle Crow deposit within the Uchi sub-province of the Superior Craton, Ontario, Canada

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Figure 3: Geology and mining claims managed by AuTECO in the northern Pickle Lake greenstone belt. Note all work has been conducted by AuTECO to date is within the orange box.

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Mineralisation and Historic Production

There are two main styles of mineralisation (Figure 4) at the Pickle Crow deposit:

• Quartz vein hosted mineralisation

• Alteration hosted mineralisation (BIF or Porphyry)

Mining at the Pickle Crow deposit between 1935 and 1966 produced 1.5 Moz of gold at a head grade of 16.1 g/t. The historic production was sourced entirely from the vein-style mineralisation, 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 in this report have been grouped based on proximity to the main historic shafts.

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Figure 4: Summary of mineralisation styles at the Pickle Crow gold deposit

Mineral Resource

The Inferred Mineral Resource for the Pickle Crow project as at 30 June 2021 is 6.6Mt @ 8.1 g/t for 1.7Moz of gold (Table 1). The reported Resource was subdivided based on the mineralisation style.

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Table 1: Inferred Mineral Resource estimate for the Pickle Crow deposit as at 30 June 2021

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Drilling Strategy

The drilling strategy undertaken in recent months is consistent with the broader AuTECO organic growth plan (Figure 5).

A phased approach to drilling was undertaken, with initial work programs targeting new mineralisation outside of the existing Resource, followed by infill drilling aiming to add additional Resource.

Drilling between July and October focused on key extensional targets inside the patented mining claims, predominantly in the Shaft 3 area and at the newly discovered Tyson veins. Near mine exploration targets were also tested in the Shaft 1 and Albany-Carey area.

During November, the focus shifted to infill drilling of newly identified mineralisation that will culminate in a Resource update planned for release in February 2021.

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Figure 5: AuTECO organic growth pathway to March 2022. Please note that timeframes are indicative.

Shaft 1 and Shaft 3 Extension Drilling

In addition to the ongoing Resource Definition drilling at the recently discovered high-grade Tyson veins, rigs have been focused on Extensional drilling to the NE and SW of the Core Mine Trend in the shaft 1 and shaft 3 areas. These results will contribute to the year-end Resource update that is expected to be released in February 2022.

Recent drill results include:

• 7.3m @ 33.3 g/t gold from 9.4m in AUDD0246 (241.1 gt*m)

• o 1.5m @ 35.2 g/t gold from 541.5m in AUDD0227 (52.8 gt*m) o 4.0m @ 11.0 g/t gold from 205.8m in AUDD0240 (44.0 gt*m) o 4.0m @ 6.5 g/t gold from 333m in AUDD0218 (25.8 gt*m) o 3.2m @ 3.4 g/t gold from 103.2m in AUDD0223 (10.7 gt*m) o 0.8m @ 13.9 g/t gold from 529.7m in AUDD0227 (10.4 gt*m)

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A plan map showing the collar locations of recent significant intersections from the Shaft 1 and Shaft 3 areas is presented in Figure 6.

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Figure 6: Location of recent high grade gold drilling results within the Core Mine Shear in the Shaft 1 and Shaft 3 areas. Recent results >10 gram*meter highlighted along with selected historical AuTECO drill results. Please refer to Appendix A – Table 1 for results from this release and also historical ASX Releases (28/01/2020, 26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020, 19/01/2021, 07/04/2021, 16/06/2021, 15/07/2021, 02/08/2021, 05/10/2021, 02/12/2021).

Shaft 1 Extension Drilling

Continued extensional drilling in the Shaft 1 area has defined several significant results, including 4.0m @ 11.0 g/t gold from 205.8m in drill hole AUDD0240 (Figure 7). The intersection from hole AUDD0240 is from a 60m step out on the recently discovered quartz-carbonate-scheelite-gold vein that returned an intersection of 2.1m @ 31.8 g/t gold from 246.4m in AUDD0229 (refer to ASX release dated 02/12/2021) and demonstrates continuity of the high-grade gold shoot.

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Figure 7: Core photograph of AUDD0240 showing the significant intersection of 4.0m @ 11.0 g/t Gold from 205.8m in an as-yet unnamed Vein in the Shaft 1 area. The zone contains folded Quartz-Scheelite-Gold shear veins within sheared mafic. Gold occurs as small (<5mm) constellations with multiple <1mm pin pricks often at the margins of shear veins.

Shaft 3 Extension Drilling

Near mine extensional drilling at Shaft 3 continues to deliver consistent high grade gold results 120m down plunge of the Vein 13 Resource with hole AUDD0227 intersecting 0.8m @ 13.9 g/t gold from 529.7m and 1.5m @ 35.2 g/t gold from 541.5m (Figure 8). These results follow last month’s release of 2m @ 68.3 g/t gold from 470.7m in AUDD0200 from the same target area (ASX 02/12/2021). Mineralisation is coincident with coarse (1-3mm) visible gold hosted in 5-15cm quartz shear veins within a sericite-ankerite altered shear within a pyrite and pyrrhotite rich conglomerate unit.

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Figure 8: AUDD0227: 1.5m @ 35.2 g/t Gold from 541.5m. Coarse (1-3mm) visible gold hosted in 5-15cm quartz shear veins within a sericite-ankerite altered shear within a pyrite and pyrrhotite rich conglomerate unit.

Further step out drilling in the Shaft 3 area has discovered a new vein in hole AUDD0246 with initial results of 7.3m @ 33.3 g/t from only 9.4m down hole. Assays of up to 587 g/t gold were coincident with a 40cm multi-phase quartz-tourmaline-gold vein observed at 9.95m (Figure 9). The vein is hosted in strongly sheared biotite-chlorite-carbonate altered basalts and remains open along strike and down dip.

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Figure 9: AUDD0246: Clustered particles of coarse visible gold concentrated in late fractures of a 40cm multi-phase quartztourmaline vein. Vein hosted within sheared biotite-chloritecarbonate altered basalts – Sample assayed 587 g/t Gold over 0.4m from 9.95m, within larger interval 7.3m @ 33.3 g/t Gold from 9.4m.

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Banded Iron (BIF) Hosted Alteration Mineralisation Exploration

A map showing the collar locations of the recent BIF hosted exploration drilling is presented in Figure 10.

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Figure 10: Map showing the collar position of recent drillholes targeting BIF hosted mineralisation in the Shaft 1 and F Zone areas

Shaft 1 Area

Follow up drilling of the Banded Iron Formation-hosted (BIF) mineralisation in the Shaft 1 area continues to demonstrate the potential for mineralisation amenable to bulk mining with results including (Figure 11):

o 6.0m @ 5.8 g/t gold from 423m in AUDD0205

(34.6 gt*m)

This hole was drilled to follow up on 19.5m @ 3.3 g/t announced last month in AUDD0220 (ASX 02/12/2021).

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Figure 11: AUDD0205: 6m @ 5.8 g/t Gold from 423m in BIF hosted mineralisation at Shaft 1. Mineralisation is related to sheeted <1cm grey quartz + pyrrhotite (+/-Arsenopyrite) veinlets and tenor of mineralisation is generally related to vein density.

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F-Zone Exploration Drilling – Banded Iron (BIF) Hosted Alteration Mineralisation

First-pass exploration drilling to the south-west of the Shaft 1 area at the F-Zone target has successfully intersected shallow widths of BIF hosted mineralisation with initial results including:

o 25.2m @ 1.3 g/t gold from 166.0m in hole AUDD0228

o 11.8m @ 1.6 g/t gold from 130.3m in hole AUDD0225

These encouraging intersections are supported by results from BIF hosted mineralisation announced 02/12/2021 which included:

o 4.6m @ 2.7 g/t gold from 192.1m in AUDD0201

FORWARD WORK PLAN

Current work is focused on delivery of an updated Resource in February 2022, with the Resource interpretation and estimation in progress.

The company intends to continue with a dual-tracked approach to drilling for the remainder of 2022, with a combination of extensional in-mine Resource growth drilling and regional exploration.

Regional exploration has now commenced with an initial ~15,000m and two drill rigs allocated to test targets on the 500sqkm of regional tenure (Figure 12). This will take advantage of the favourable drilling conditions during the Canadian winter period.

Regional drilling has been designed to asses key anomalies identified by AuTECO exploration crews through field mapping, surface geocheistry and geophysics.

For and on behalf of the Board.

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

Media:

Paul Armstrong Read Corporate +61 8 9388 1474

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Figure 12: Location of targeted regional drilling and key anomalies being subjected to initial drill testing Q1 2022.

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 subprovince of Ontario, Canada.

The Pickle Crow Gold Project currently hosts a JORC 2012 Mineral Resource of 1.7 Moz at 8.1 g/t gold, with a 50,000m 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 PERSONS 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, 29/06/2020, 01/09/2020, 11/11/2020, 19/01/2021, 7/04/2021, 16/06/2021, 15/07/2021, 2/8/2021, 5/10/2021 and 2/12/2021. 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.

The 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.

NOTE

As announced on 15 July 2021, "Resource increases 71% to 1.7 Moz", 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 original announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcement.

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: DRILLING RESULTS

TABLE 1: Significant Intercept Table – Auteco Drilling

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
AUDD0184	704,586	5,710,868	342	160	72	564	75.45	75.95	0.50	2.55
							93.45	93.80	0.35	4.35
							113.70	114.20	0.50	1.27
							122.05	123.90	1.85	1.09
							146.90	147.95	1.05	1.66
							152.35	153.95	1.60	1.96
							231.40	231.80	0.40	1.65
							235.00	236.50	1.50	2.04
							271.65	274.00	2.35	1.29
							281.40	281.70	0.30	1.54
							333.15	333.45	0.30	1.31
							359.20	359.80	0.60	2.16
							374.70	375.05	0.35	1.58
							385.00	385.30	0.30	1.07
							389.95	390.30	0.35	1.08
							455.00	455.50	0.50	88.70
							532.25	533.05	0.80	1.09
AUDD0186	705,899	5,711,323	355	210	55	288	79.40	79.75	0.35	1.20	Partial Assay
							93.70	94.00	0.30	1.15
							140.95	142.55	1.60	2.09
							211.00	211.50	0.50	1.87
AUDD0187	704,604	5,710,821	342	160	55	429	164.25	169.00	4.75	1.07	Partial Assay
AUDD0195	704,800	5,711,360	339	180	56	645	106.50	115.85	9.35	1.54
							289.80	290.20	0.40	1.33
							339.80	340.40	0.60	3.53
							357.00	359.00	2.00	2.20
							385.25	385.55	0.30	1.12
							409.70	410.00	0.30	1.06
							571.10	571.40	0.30	3.56
							589.85	590.30	0.45	1.15
							607.35	608.30	0.95	1.15
							638.00	638.30	1.00	3.81
AUDD0197	706,272	5,711,683	346	180	55	369	23.80	24.25	0.45	1.39
							31.00	32.00	1.00	1.11
							216.60	217.00	0.40	4.78
AUDD0199	704,474	5,710,476	345	160	55	351	275.05	275.40	0.35	4.81

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Hole No.	Easting	Northing	Elevation	Azimuth	Dip	Drilled Length	From	To Width	To Width	Assay	Comment
						(m)	(m)	(m) (m)		g/t Au
AUDD0202	704,920	5,711,393	339	180	65	694	429.60	431.15	1.55	3.66
							460.00	461.05	1.05	1.36
							498.40	499.00	0.60	2.09
							648.75	649.45	0.70	1.59
							653.05	653.40	0.35	3.78
							666.80	671.00	4.20	1.05
AUDD0203	704,640	5,710,000	347	165	65	145	78.30	80.10	1.80	1.61
AUDD0205	703,958	5,709,804	342	145	60	443	409.50	410.00	0.50	1.46
							418.80	420.20	1.40	2.80
							423.00	429.00	6.00	5.77
AUDD0206	703,688	5,709,031	352	180	55	261	8.00	9.00	1.00	3.71
							31.70	33.00	1.30	1.11
							49.20	51.00	1.80	1.16
							79.50	80.00	0.50	1.49
							95.00	96.50	1.50	2.00
							101.10	105.00	3.90	1.87
							173.70	174.00	0.30	1.55
AUDD0207	704,623	5,710,770	341	160	55	483	37.45	40.35	2.90	0.93
							96.00	97.50	1.50	1.23
							116.05	116.35	0.30	1.15
							191.35	192.10	0.75	4.16
							204.25	204.55	0.30	1.16
							217.00	218.00	1.00	3.89
							439.60	440.60	1.00	1.25
AUDD0208	703,740	5,709,055	352	180	55	258	79.05	79.55	0.50	1.03
AUDD0209	704,343	5,710,965	339	165	68	801	100.00	100.40	0.40	1.06
							363.85	365.00	1.15	2.46
AUDD0210	704,226	5,710,554	342	160	65	645	40.00	40.55	0.55	1.22	Partial Assay
							252.50	253.20	0.70	1.12
							614.45	615.35	0.90	1.27
AUDD0211	704,694	5,710,407	343	180	65	387	106.30	106.60	0.30	3.68
							287.00	288.00	1.00	1.12
							294.05	294.35	0.30	2.30
AUDD0212	704,294	5,709,580	350	240	55	111		NSI
AUDD0213	704,349	5,710,467	344	160	55	471	419.80	420.20	0.40	1.85

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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
AUDD0214	705,308	5,710,898	344	260	65	600	14.80	15.70	0.90	1.01	Partial Assay
							18.65	21.00	2.35	9.90
							86.00	87.00	1.00	1.16
							256.85	257.20	0.35	2.74
							372.90	373.50	0.60	1.92
							391.60	391.90	0.30	6.50
							412.10	412.45	0.35	3.04
							446.40	449.35	2.95	1.62
							452.00	453.40	1.40	2.18
AUDD0215	704,269	5,710,478	343	160	55	537	413.25	413.80	0.55	2.97
AUDD0216	704,332	5,710,525	343	160	55	531	143.80	144.10	0.30	1.99	Partial Assay
							345.90	346.20	0.30	1.54
							348.00	348.30	0.30	2.80
AUDD0217	705,308	5,710,898	344	260	77	624	17.70	19.00	1.30	2.76	Partial Assay
							172.20	172.50	0.30	1.81
							231.85	234.25	2.40	3.74
							459.10	460.15	1.05	1.44
							461.85	462.20	0.35	1.46
							483.35	483.85	0.50	1.79
AUDD0218	704,512	5,710,885	340	160	65	712	189.00	191.60	2.60	1.19
							198.70	201.70	2.80	1.16
							300.00	300.30	0.30	2.47
							324.10	324.40	0.30	1.59
							333.00	337.00	4.00	6.45
						inc:	333.00	333.70	0.70	27.50
							381.45	381.90	0.45	2.35
							631.20	632.20	1.00	1.44
							648.00	648.40	0.40	1.20
AUDD0219	704,482	5,710,961	339	162	62	822	306.00	307.05	1.05	1.17	Partial Assay
							373.60	373.90	0.30	1.36
							479.70	480.00	0.30	1.02
							526.20	526.55	0.35	17.30
							567.65	567.95	0.30	1.14
							572.50	572.80	0.30	3.57
							577.95	579.00	1.05	1.26
							337.35	338.00	0.50	1.32
AUDD0220	703,965	5,709,717	342	175	65	382	340.70	360.15	19.45	3.25

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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
AUDD0221	703,308	5,710,898	344	280	65	528	9.95	11.00	1.05	8.05
							24.05	26.45	2.40	1.46
							220.00	221.15	1.45	1.05
							275.80	276.10	0.30	1.07
							281.00	281.50	0.50	2.47
							349.60	350.20	0.60	1.24
							411.00	411.60	0.60	3.25
							414.70	415.20	0.50	3.63
							449.20	449.80	0.60	1.67
							508.75	509.10	0.35	1.28
AUDD0222	705,308	5,710,898	344	284	70	522	24.30	24.60	0.30	1.46
							35.00	37.50	2.50	2.38
							302.60	302.90	0.30	2.95
							306.45	306.80	0.35	2.98
							416.00	416.35	0.35	17.20
							434.30	434.60	0.30	1.58
							475.30	478.00	2.70	2.26
							481.00	481.90	0.90	1.05
AUDD0223	704,381	5,709,744	350	300	60	372	103.15	106.30	3.15	3.40	Partial Assay
AUDD0224	704,073	5,709,640	349	140	65	235	78.00	79.00	1.00	2.09
							170.65	171.30	0.65	1.12
							203.10	203.40	0.30	1.84
AUDD0225	703,509	5,709,006	351	180	45	305	130.25	142.05	11.80	1.56
AUDD0226	704,287	5,710,585	342	160	60	644	229.70	230.00	0.30	7.48
							323.50	324.00	0.50	2.93
AUDD0227	705,308	5,710,898	344	289	75	690	14.00	15.10	1.10	1.20
							174.05	175.00	0.95	7.64
							176.50	177.00	0.50	1.19
							211.65	212.00	0.35	1.56
							430.40	431.00	0.60	1.25
							502.40	503.10	0.70	1.45
							503.70	504.00	0.30	2.50
							529.65	530.40	0.75	13.90
							541.50	543.00	1.50	35.23
							560.60	561.00	0.40	2.26
							580.40	581.70	1.30	2.32
							638.65	639.00	0.35	1.41
AUDD0228	703,509	5,709,006	351	180	60	306	166.00	191.20	25.20	1.26
							271.20	272.85	1.65	1.02
							280.65	280.95	0.30	1.06

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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
AUDD0229	704,431	5,709,686	350	300	58	462	93.35	94.30	0.95	7.06
							246.40	248.50	2.10	31.84
							256.60	256.90	0.30	1.40
							429.40	430.45	1.05	1.12
							436.00	437.00	1.00	1.50
							442.25	442.85	0.60	5.38
AUDD0230	704,234	5,710,398	342	160	60	540	355.60	357.10	1.50	1.91	Partial Assay
AUDD0231	703,580	5,709,002	354	180	50	279	63.95	65.05	1.10	1.19
							66.05	67.10	1.05	1.54
							71.10	72.00	0.90	1.64
AUDD0232	704,286	5,710,583	344	162	77	1,062	860.15	860.45	0.30	8.27	Partial Assay
AUDD0233	705,238	5,711,004	344	180	55	498	18.35	18.35	1.00	4.40	Partial Assay
							30.90	31.40	0.50	1.76
							57.65	59.00	1.35	2.30
							178.40	178.75	0.35	4.61
AUDD0234	704,385	5,709,709	352	300	55	348					Awaiting Assay
AUDD0235	704,184	5,710,517	342	160	60	651					Awaiting Assay
AUDD0236	704,351	5,709,621	351	320	58	498					Awaiting Assay
AUDD0237	704,036	5,709,668	348	140	75	330					Awaiting Assay
AUDD0238	705,300	5,711,056	346	178	55	489					Awaiting Assay
AUDD0239	704,332	5,709,728	352	300	60	300					Awaiting Assay
AUDD0240	704,450	5,709,730	349	300	55	465	205.80	209.80	4.00	11.03	Partial Assay
AUDD0241	704,421	5,709,684	351	300	70	603					Awaiting Assay
AUDD0242	705,367	5,711,096	349	180	50	612	340.55	341.65	1.10	2.39	Partial Assay
AUDD0243	704,236	5,710,717	340	160	68	761					Awaiting Assay
AUDD0244	704,421	5,709,684	351	300	70	659	319.15	319.80	0.65	2.65	Partial Assay
AUDD0245	704,470	5,709,839	344	278	55	399					Awaiting Assay
AUDD0246	705,434	5,711,140	350	180	50	444	9.35	16.06	7.25	33.26	Partial Assay
						inc:	9.95	10.35	0.40	587.00
							384.00	386.30	2.30	1.48
							416.45	416.75	0.30	1.60
							418.70	419.00	0.30	1.83

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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
		channels, random chips, or specific		Gold exploration with NQ diameter (47.6mm) drill core
		specialised industry standard		was recovered from drilling. Noramco drilling, CP- prefix
		measurement tools appropriate to the		is BQ diameter (36.5mm). All other quoted intercepts and
		minerals under investigation, such as		the bulk of historical drilling data is of NQ diameter
		down hole gamma sondes, or handheld		including Auteco drilling subject to this release (prefix
		XRF instruments, etc). These examples		AUDD**).
		should not be taken as limiting the	•	The core was sawn in half following a sample cutting line
		broad meaning of sampling.		determined by geologists during logging and submitted
	•	Include reference to measures taken to		for analysis on nominal 1m (1ft for historical drillholes)
		ensure sample representivity and the		intervals or defined by geological boundaries determined
		appropriate calibration of any		by the logging geologist.
		measurement 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
		Public Report.		analysis using a jaw crusher which was cleaned with a
	•	In cases where ‘industry standard’ work		silica abrasive between samples resulting in 90% of the
		has been done this would be relatively		sample passing through an 8 mesh screen. A split of the
		simple (eg ‘reverse circulation drilling		crushed sample weighing 1000g was then pulverised to
		was used to obtain 1m samples from		90% passing a 150 mesh screen. Sample pulps were
		which 3 kg was pulverised to produce a		analysed for gold by Fire Assay using 50g sample charge
		30 g charge for fire assay’). In other		with atomic absorption spectroscopy (AAS) finish. If the
		cases, more explanation may be		returned assay result was equal to or greater than 5g/t
		required, such as where there is coarse		then the sample was reassayed by Fire Assay with a
		gold that has inherent sampling		gravimetric finish. Samples from historical diamond
		problems. Unusual commodities or		drilling programs conducted between 1981 and 2008
		mineralisation types (eg submarine		were dispatched to a variety of accredited laboratories in
		nodules) may warrant disclosure of		Canada for Fire Assay analysis. Historical drill results
		detailed information.		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.
			•	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,	•	Drilling quoted with PC- prefix is from PC Gold
		open-hole hammer, rotary air blast,		exploration with NQ diameter (47.6mm) drill core was
		auger, Bangka, sonic, etc) and details		recovered from drilling. Noramco drilling, CP- prefix is
		(eg core diameter, triple or standard		BQ diameter (36.5mm). All other drilling is NQ diameter
		tube, depth of diamond tails, face-		including Auteco drilling subject to this release (prefix
		sampling bit or other type, whether		AUDD**).
		core is oriented and if so, by what
		method,etc).

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Drill sample recovery	•	Method of recording and assessing	•	All drilling quoted is NQ diamond core (including Auteco
		core and chip sample recoveries and		drilling subject to this release -prefix AUDD**) with the
		results assessed.		exception of Noramco drillholes (CP- prefix). RQD was
	•	Measures taken to maximise sample		recorded for all diamond drilling as per industry
		recovery and ensure representative		standard. A review of the available diamond drill core
		nature of the samples.		RQD’s from the Pickle Crow project (PC- prefix and
	•	Whether a relationship exists between		recently completed Auteco drilling - AUDD* prefix)
		sample recovery and grade and		indicated that nearly all of the holes produced excellent
		whether sample bias may have		recoveries with an average of >90%. For drilling
		occurred due to preferential loss/gain		conducted by other operators recoveries are unknown
		of fine/coarse material.		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	•	All PC Gold and Auteco samples (PC- and AUDD* hole
		been geologically and geotechnically		prefix) were geologically logged. Lithology, veining,
		logged to a level of detail to support		alteration, mineralisation and weathering are all recorded
		appropriate Mineral Resource		in the geology table of the drill hole database. Other
		estimation, mining studies and		historical drillholes have been similarly logged and
		metallurgical studies.		records have been digitised from report format.
	•	Whether logging is qualitative or	•	Geological logging of Diamond Core samples is
		quantitative in nature. Core (or costean,		qualitative and descriptive in nature.
		channel, etc) photography.	•	All holes quoted have been logged in their entirety.
	•	The total length and percentage of the
		relevant intersections logged.
Sub-sampling techniques and	•	If core, whether cut or sawn and	•	All drilling quoted from PC Gold and Auteco exploration
sample preparation		whether quarter, half or all core taken.		(PC-and AUDD* hole prefix) is.NQ diameter (47.6mm)
	•	If non-core, whether riffled, tube		drill core recovered from drilling. All other quoted
		sampled, rotary split, etc and whether		intercepts are NQ diameter with the exception of
		sampled wet or dry.		Noramco drilling (CP- Prefix) which is BQ (36.5mm)
	•	For all sample types, the nature, quality		diameter. The core was sawn in half following a sample
		and appropriateness of the sample		cutting line determined by geologists during logging and
		preparation technique.		submitted for analysis on nominal 1m (or 1ft) intervals or
	•	Quality control procedures adopted for		defined by geological boundaries determined by the
		all sub-sampling stages to maximise		logging geologist.
		representivity of samples.	•	This sampling technique is industry standard and
	•	Measures taken to ensure that the		deemed appropriate.
		sampling is representative of the in-situ	•	PC Gold QA/QC protocols include the use of crush
		material collected, including for		duplicates, ¼ core field duplicates, the insertion of
		instance results for field		certified reference materials (CRM’s) including low,
		duplicate/second-half sampling.		medium and high-grade standards and coarse blanks.
	•	Whether sample sizes are appropriate		This was accomplished by inserting the QA/QC samples
		to the grain size of the material being		sequentially in the drill core sample numbering system.
		sampled.		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.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
			•	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	•	The nature, quality and appropriateness	•	Samples were submitted to ALS Chemex in Thunder Bay
laboratory tests		of the assaying and laboratory		and North Vancouver for analysis. Samples were
		procedures used and whether the		prepared for analysis using a jaw crusher which was
		technique is considered partial or total.		cleaned with a silica abrasive between samples resulting
	•	For geophysical tools, spectrometers,		in 90% of the sample passing through an 8 mesh screen.
		handheld XRF instruments, etc, the		A split of the crushed sample weighing 1000g was then
		parameters used in determining the		pulverised to 90% passing a 150 mesh screen. Sample
		analysis including instrument make and		pulps were analysed for gold by Fire Assay using 50g
		model, reading times, calibrations		sample charge with atomic absorption spectroscopy
		factors applied and their derivation, etc.		(AAS) finish. If the returned assay result was equal to or
	•	Nature of quality control procedures		greater than 5g/t then the sample was reassayed by Fire
		adopted (eg standards, blanks,		Assay with a gravimetric finish. . Samples from historical
		duplicates, external laboratory checks)		diamond drilling programs conducted between 1981 and
		and whether acceptable levels of		2008 were dispatched to a variety of accredited
		accuracy (i.e. lack of bias) and		laboratories in Canada for Fire Assay analysis. Historical
		precision have been established.		drill 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 Mining
				Inc.
Verification of sampling and	•	The verification of significant	•	Historical significant intersections quoted have been
assaying		intersections by either independent or		verified by Independent Geological Consultants Micon
		alternative company personnel.		International Limited. For more details see document
	•	The use of twinned holes.		‘Updated Mineral Resource Estimate for the Pickle Crow
	•	Documentation of primary data, data		Property, Patricia Mining Division, Northwestern Ontario,
		entry procedures,data verification,data		Canada’ NI-43-101 dated 15 June 2018 and available

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		storage (physical and electronic)		from System for Electronic Document Analysis and
		protocols.		Retrieval (www.sedar.com) for First Mining Inc.
	•	Discuss any adjustment to assay data.	•	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
				Mining Division, Northwestern Ontario, Canada’ NI-43-
				101 dated 15 June 2018 and available from System for
				Electronic Document Analysis and Retrieval
				(www.sedar.com) for First Mining Inc. For all drilling not
				conducted by PC Gold (without the PC- hole prefix) no
				adjustments were made to the data.
Location of data points	•	Accuracy and quality of surveys used to	•	Upon completion of PC Gold drillholes collars (PC Gold
		locate drill holes (collar and down-hole		prefix) were surveyed by third party contractors Delta
		surveys), trenches, mine workings and		Surveying and J.D.Barnes of Thunder Bay to with +/- 1m
		other locations used in Mineral		using an SX Blue. For all other drilling hole collars were
		Resource estimation.		converted from local grids or digitised from
	•	Specification of the grid system used.		georeferenced maps. Where possible these historical
	•	Quality and adequacy of topographic		surface drillholes have been re-located, surveyed and
		control.		verified in the field. Drillhole locations are also recorded
				by the Ontario Ministry of Northern Development and
				Mines in freely available GIS datasets. Auteco drilling
				(AUDD* prefix)has been surveyed with a hand-held GPS
				to an accuracy of less than 3m.
			•	A variety of down hole survey tools have been used on
				the property. All holes were surveyed at 50m intervals
				while drilling using an EZY Shot magnetic compass
				based tool supplied by the drillers. In conjunction with
				this, all holes were surveyed after completion with a non-
				magnetic down-hole instrument. A variety of tools were
				trialed including Maxibore tool provided by Reflex
				Instruments, a Devifelx tool operated by TECH
				Directional services and an SPT North SeekingGyro. For

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				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	•	Due to the nature of mineralisation the hole spacing is
		Exploration Results.		highly variable and of a progressive exploration in nature.
	•	Whether the data spacing, and	•	Data spacing is considered sufficient to establish
		distribution is sufficient to establish the		geological and grade continuities for mineral resource
		degree of geological and grade		estimation at the Inferred Category
		continuity appropriate for the Mineral	•	No sample compositing was applied.
		Resource and Ore Reserve estimation
		procedure(s) and classifications
		applied.
	•	Whether sample compositing has been
		applied.
Orientation of data in relation	•	Whether the orientation of sampling	•	Drill hole orientations were designed to test
to geological structure		achieves unbiased sampling of possible		perpendicular or sub-perpendicular to the orientation of
		structures and the extent to which this		the intersected mineralisation. Drilling was typically
		is known, considering the deposit type.		oriented perpendicular to the trend of geophysical
	•	If the relationship between the drilling		anomalism and the mapped strike and dip of observed
		orientation and the orientation of key		mineralisation on surface and elsewhere in the project
		mineralised structures is considered to		area.
		have introduced a sampling bias, this	•	Due to the density of drilling and the orientation of drilling
		should be assessed and reported if		perpendicular to mineralized bodies there is limited bias
		material.		introduced bydrillhole orientation.
Sample security	•	The measures taken to ensure sample	•	For PC Gold and Auteco drilling (PC- and AUDD* prefix),
		security.		once 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.

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Audits or reviews	•	The results of any audits or reviews of	•	An audit and review of sampling techniques and data
		sampling techniques and data.		was 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).

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

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Mineral tenement and land	•	Type, reference name/number, location	•	The mineral concessions of the Pickle Crow project
tenure status		and ownership including agreements or		consist of 106 patented mining claims covering 1,712ha
		material issues with third parties such		and 88 contiguous, unpatented claims covering
		as joint ventures, partnerships,		approximately 14,048ha. Of the 106 patented claims 98
		overriding royalties, native title		(the Pickle Crow Lease) are held in the name of Teck
		interests, historical sites, wilderness or		Cominco Limited (Teck) and 8 are held in the name of
		national park and environmental		PC Gold. The unpatented claims are held in the name of
		settings.		PC gold. PC Gold has a lease on the 98 patented claims
	•	The security of the tenure held at the		held by Teck which expires in 2067. These leasehold
		time of reporting along with any known		claims are subject to two net smelter return (NSR)
		impediments to obtaining a license to		royalties totaling 1.25%. The other 8 patented claims (the
		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 a binding term sheet 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. Subject to the completion of a
				formal agreement, 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
				cashpayment to Seller in the amount of C$1,000,000

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				('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 release (17/02/2020).
			•	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	•	Acknowledgment and appraisal of	•	The first government survey of the area was performed
parties		exploration by other parties.		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 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

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				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	•	The Pickle Crow Gold Deposit is considered to be an
		style of mineralisation.		Archean 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 occursprimarilywithin mafic volcanics and

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
				banded iron formation (BIF) units in the Pickle Crow
				assemblage of the Pickle Lake Greenstone belt in the
				Uchi Lake Subprovince of the Superior Craton of the
				Canadian Shield.
Drill hole Information	•	A summary of all information material to	•	Refer to Appendix A in ASX release’s 28/01/2020,
		the understanding of the exploration		26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020,
		results including a tabulation of the		19/01/2021, 07/04/2021, 16/06/2021, 15/07/2021,
		following information for all Material drill		02/08/2021, 05/10/202, 02/12/20211 as well as the
		holes:		current release for drill hole information for all reported
		o easting and northing of the drill hole		drill holes for this JORC 2012 Table 1 and in accordance
		collar		with ASX listing rule 5.7.2.
		o elevation or RL (Reduced Level –
		elevation above sea level in meters)
		of the drill hole collar
		o dip and azimuth of the hole
		o down hole length and interception
		depth
		o hole length.
	•	If the exclusion of this information is
		justified on the basis that the
		information is not Material and this
		exclusion does not detract from the
		understanding of the report, the
		Competent Person should clearly
		explain whythis is the case.
Data aggregation methods	•	In reporting Exploration Results,	•	All drill hole intersections are reported above a lower cut-
		weighting averaging techniques,		off grade of 0.5g/t Gold or 1g/t as indicated, with no
		maximum and/or minimum grade		upper cut off grade has been applied. A maximum of 1m
		truncations (eg cutting of high grades)		internal waste was allowed. Tabulated results are
		and cut-off grades are usually Material		presented in ASX announcements 28/01/2020,
		and should be stated.		26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020,
	•	Where aggregate intercepts		19/01/2021, 07/04/2021, 16/06/2021, 15/07/2021,
		incorporate short lengths of high-grade		02/08/2021, 05/10/2021, 02/12/2021 and Appendix A of
		results and longer lengths of low-grade		this release)
		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	•	These relationships are particularly	•	All intersections reported in the body of this release are
mineralisation widths and		important in the reporting of Exploration		down hole
intercept lengths		Results.	•	The majority of the drill holes are drilled as close to
	•	If the geometry of the mineralisation		orthogonal to the plane of the mineralized lodes as
		with respect to the drill hole angle is		possible. A number of drill holes have intersected the
		known, its nature should be reported.		mineralisation at high angles.
	•	If it is not known and only the down	•	Only down hole lengths are reported.
		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	•	Maps and sections are included in the body of this
		scales) and tabulations of intercepts		release as deemed appropriate by the competent
		should be included for any significant		person.
		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 notpracticable,		quoted in this release have been reported in ASX

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Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
		representative reporting of both low		announcements 28/01/2020, 26/03/2020 and Appendix A
		and high grades and/or widths should		of this release)
		be practiced to avoid misleading	•	All results above 0.5g/t lower cut-off or 1g/t quoted in this
		reporting of Exploration Results.		release have been reported in ASX announcements
				28/01/2020, 26/03/2020, 29/06/2020, 01/09/2020,
				11/11/2020, 19/01/2021, 07/04/2021, 16/06/2021,
				15/07/2021, 02/08/2021, 05/10/2021, 02/12/2021 and
				Appendix A of this release)
Other substantive exploration	•	Other exploration data, if meaningful	•	Appropriate plans are included in the body of this
data		and material, should be reported		release.
		including (but not limited to): geological
		observations; geophysical survey
		results; geochemical survey results;
		bulk samples – size and method of
		treatment; metallurgical test results;
		bulk density, groundwater, geotechnical
		and rock characteristics; potential
		deleterious or contaminating
		substances.
Further work	•	The nature and scale of planned further	•	Auteco Minerals Limited is currently conducting drill
		work (e.g. tests for lateral extensions or		testing of additional lodes as well as step out and infill
		depth extensions or large-scale step-		drilling of existing lodes to further enhance the resources
		out drilling).		quoted in this release. More information is presented in
	•	Diagrams clearly highlighting the areas		the body of this report.
		of possible extensions, including the	•	Diagrams in the main body of this release show areas of
		main geological interpretations and		possible resource extension on existing lodes. The
		future drilling areas, provided this		company continues to identify and assess multiple other
		information is not commercially		target areas within the property boundary for additional
		sensitive.		resources.

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