RTG Mining Inc. — Capital/Financing Update 2019

Sep 5, 2019

RTG TO ACQUIRE 90% STAKE IN THE HIGH GRADE CHANACH GOLD PROJECT IN THE KYRGYZ REPUBLIC

ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE AND TORONTO STOCK EXCHANGE

6 SEPTEMBER 2019

RTG Mining Inc. (ASX:RTG, TSX:RTG, OTCQB:RTGGF) ("RTG" or "the Company") is pleased to announce that it has entered into a Sale and Purchase Agreement ("SPA") with White Cliff Minerals Limited ("WCN") to acquire its majority (90%) stake in the high grade Chanach Gold and Copper Project ("Chanach Project") in the Kyrgyz Republic ("Transaction").

Highlights of the Transaction include:

• Strategic addition to RTG's portfolio with an existing high grade JORC compliant Inferred Mineral Resource of 2.95 Mt @ 5.11 g/t Au for 484,000 ounces of Au and 17.23 Mt @ 0.37% Cu for 64,000t of Cu1 (141.1 Mlbs Cu) from only limited drilling to date**.**
• Acquisition cost of US$3.65 / ounce of Gold and US$0.0063 / pound of Copper.
• Consideration of US$2.15 million cash and US$0.5m in RTG shares (escrowed for 12 months).
• Transaction subject to WCN shareholder approval with a target completion date of mid to late October 2019.
• Unanimous WCN board recommendation and shareholder support statements from 20% of WCN's shareholders to vote in favour of the Transaction (both in the absence of a superior proposal).
• • Experienced technical expert, advising RTG, believes the exploration potential at the Chanach Project is excellent.

The Chanach Project is located in the prolific southern Tien Shan metallogenic belt, which runs more than 1,500 km from Uzbekistan through to China and hosts one of the world's largest open pit gold mines, Murantau (175 Moz2 ) with production believed to be in the order of 2 million ounces per annum2 . RTG have appointed Mr. Greg Hall of Phoenix Gold International and former Chief Geologist for Placer Dome, as a consultant given his knowledge of the Chanach Project and other projects in similar geological settings.

1 The Mineral Resource estimates were originally compiled and announced by WCN on 30 May 2018, in accordance with the JORC Code, 2012 and was last disclosed in WCN's March, 2019 quarterly report on 30 April, 2019. https://www.asx.com.au/asxpdf/20190430/pdf/444pg6f8t5ln5t.pdf

2 Wilde, A. and Gilbert, D. 2000. Setting of the giant Muruntau Gold Deposit: Implications for ore genesis. In: (Ed.) Gordon Lister, Geological research for the exploration industry, Journal of the Virtual Explorer, Electronic Edition, ISSN 1441-8142, volume 1, paper 1, doi:10.3809/jvirtex.2000.00004

The Chanach Project has extensive outcropping mineralised geology with high grade gold veins from surface and significant gold and copper Inferred Mineral Resources. With only 5% of the identified strike length tested to date, RTG believes the Chanach Project has substantial upside. The Chanach Project area is considered to be highly prospective for world class epithermal gold, porphyry copper-gold and polymetallic skarn deposits with numerous targets already identified.

To date the limited exploration activities have defined an Inferred Mineral Resource of 2.95 Mt @ 5.11 g/t Au for 484,000 ounces of Au and 17.23 Mt @ 0.37% Cu for 64,000t of Cu1 .

Figure 1: Chanach Project Location

DEAL TERMS

RTG has agreed to acquire a 90% interest in the high grade Chanach Project in the Kyrgyz Republic (License AP590) through the acquisition of 100% of PB Partners (Malaysia) Pte Ltd, a wholly owned subsidiary of WCN. The Transaction is subject to the approval of WCN shareholders under Chapter 11.2 of the ASX Listing Rules. The purchase price consists of: (i) cash consideration of US$2.15 million: and (ii) US$0.5 million in new RTG shares to be issued at a price equal to the 5-day VWAP of the RTG shares on the ASX for the 5 trading days leading up to completion of the Transaction.

The purchase price, together with the planned initial drill program have been fully funded by a new unsecured loan of US$2.5 million, obtained by RTG from an external financier, on arm's length terms and conditions.

This represents a highly attractive and value accretive deal for RTG with an acquisition cost of only US$3.65 per gold ounce and US$0.0063 per pound copper (metal contained in Inferred Mineral Resources).

On completion, RTG will be manager and operator of the Chanach Project Joint Venture company (Chanach LLC) and will solely fund operating expenditures until completion of a Bankable Feasibility Study at which time, funding will then be contributed on a pro-rata basis in accordance with Chanach Project interests.

The 10% joint venture partner is represented by two local brothers, both geologists, who have a strong understanding of the region, orebodies and new targets for extension, with good local support and strong relationships with the mining authorities. They have been very supportive of the RTG acquisition, waiving their pre-emptive rights.

WCN has provided customary exclusivity undertakings to RTG in connection with the Transaction, including no shop and no talk restrictions, and provided RTG with a notification right in respect of any competing proposal.

In addition to WCN shareholder approval, the Transaction and the transactions contemplated in the SPA are subject to any applicable regulatory approvals and no material adverse change/breach of warranties.

COUNTRY BACKGROUND

The Kyrgyz Republic is a stable, democratic and mining-friendly jurisdiction in Central Asia bordering China and Kazakhstan. With four new mines approved since 2014 and with another mine under construction by Chaarat Gold Holdings Limited (AIM:CGH "Chaarat"), there is strong government support for new mining projects and a growing awareness and recognition of both; the significant economic contribution made by the country's biggest industry and the potential for this contribution to grow rapidly, with the gold industry already contributing half of the country's industrial output and 60% of export earnings.

Chaarat has two new projects planned, with the Tulkubash Mine under construction (target production of 94,000 to 110,000 ounces per annum2 ) to be followed by the Kyzyltash mine which has measured and indicated resources of 4.5 million ounces @ an average grade of 3.7 g/t2 , with target production in the order of 200,000 to 300,000 ounces per annum3 .

The Kumtor mine operated by TSX listed Centerra Gold Inc. (TSX:CG "Centerra") has produced over 12 million ounces during its 22 years of uninterrupted profitable production since inception in 1997, with current production in excess of 500,000 ounces per annum4 . It has recently finalised negotiations with the Kyrgyz Government which has resulted in a significant re-rating of the company on the Toronto Stock Exchange, trading now with a market capitalisation of approximately C$3.5 billion. In addition to Centerra, there are other major players including Zijin Mining Group Co. Ltd who are operating, exploring and expanding their investment in the country.

The Kyrgyz Republic has a simple revenue-based tax system, strong rule of law, secure licensing processes and does not have local project ownership requirements. Mining infrastructure is well established, with a readily available and skilled mining labour force.

3 Chaarat (AIM:CGH) investor presentation June 2019 www.chaarat.com/wp-content/uploads/2019/06/Chaarat-Investorpresentation-June-2019.pdf

4 Centerra (TSX:CG) Kumtor Production and Reserves www.centerragold.com/operations/kumtor/production-and-reserves

GEOLOGICAL SETTING

The Chanach Project (prospecting license AP590) is located in the North Western part of the Kyrgyz Republic in the Jalal-Abad province and covers an area of 57.25 km2 of the Chatkal Ranges inside the south-western Tien Shan metallogenic belt.

Regionally, the world class Tien Shan system spans from Uzbekistan in the west across the Kyrgyz Republic and into Mongolia and China and is one the best-endowed gold provinces in the world. It hosts multiple styles of mineralisation due to its complex tectonic history. The juxtaposition of multiple crustal sections within the Tien Shan, including volcanic arcs, continental margins, accretionary and fore-arc complexes, and continental collisional zones, has resulted in a complex mix of overlapping mineralised systems which developed in different crustal environments. These mineralising systems are prolific producers of base and precious metals. The geology of the south-western Tien Shan is generally regarded as being highly fertile ground for sedimentary hosted gold deposits, copper-gold porphyry deposits and their associated epithermal and polymetallic skarn deposits.

The underexplored system plays host to some significant discoveries and operations including very large sediment hosted gold deposits such as Kumtor in Kyrgyzstan (19 million ounces5 ) and Muruntau in Uzbekistan (175 million ounces6 ), which is recognised as one of the world's largest gold deposits. It also hosts large porphyry copper deposits like Almakyr in Uzbekistan. Major deposits located within 100km of Chanach contain inventories of up to 93 million ounces of gold and 25 million tonnes of copper (Figure 1 and Figure 2).

Figure 2: The Gold Endowment of the Tien Shan Metallogenic Belt7

5 Centerra (TSX:CG) Kumtor Production and Reserves www.centerragold.com/operations/kumtor/production-and-reserves

6 Wilde, A. and Gilbert, D. 2000. Setting of the giant Muruntau Gold Deposit: Implications for ore genesis. In: (Ed.) Gordon Lister, Geological research for the exploration industry, Journal of the Virtual Explorer, Electronic Edition, ISSN 1441-8142, volume 1, paper 1, doi:10.3809/jvirtex.2000.00004

7 Indicative gold endowment shown as aggregation of historical production and mineral inventory

DISCOVERY & DRILL RESULTS

The Chanach Project area was discovered around 1963 with geological mapping and surface sampling intermittently up to 2010. The geology of the Chanach Project area is prospective for epithermal gold deposits, porphyry copper deposits and polymetallic skarn deposits. The project area has outcropping mineralised geology seen as multiple high grade outcropping epithermal veins and skarns, which have indicated several porphyry targets.

From 2010 more modern exploration has taken place with approximately US$8.0 million spent by WCN on exploration, of which US$5.7 million is attributable to the Chanach Gold Project, with the balance spent on Chanach Copper Project exploration and resource development.

Targeting has been enhanced by various structural and geophysical surveys including a structural geology study completed by Orefind in 2017, a ground magnetics study by Southern Geoscience in 2016 and a geophysical study completed by Baoding Geological Engineering Institute in 2011.

The Chanach Project is a target-rich environment with 2019 planned exploration focussing on multiple gold targets designed to extend the current Inferred Mineral Resource.

Total exploration drilling includes 142 reverse circulation and diamond holes totalling approximately 19,500 metres, of which 111 drill holes (87 RC and 24 diamond) for a total length of 14.1km can be attributed to the Chanach Gold Project and the balance to copper exploration and the development of the Chanach Copper Project.

To date, the Chanach Project has generated an Inferred Gold Mineral Resource of 484,000 ounces Au at a grade of 5.1 g/t at an extremely cost-effective rate of US$11.80 / ounce and this metric is expected to improve with the ongoing enhancement and refinement of geological understanding and targeting.

Exploration drilling at the Chanach Gold Project commenced in 2014 and to date there have been spectacular intersections of gold mineralisation spanning across the project area, as previously reported by WCN.

Significant intervals from the Quartz Gold Zone include:

• UGZ-15-35 8m @ 57.08 g/t Au from 75m including 1m @ 85.53 g/t Au from 76m, 1m @ 89.34 g/t Au from 80m followed by 1m @ 73.28 g/t Au from 81m.
• ERC16-035 7m @ 23.52 g/t Au from 45m including 1m @ 149.41 g/t Au from 45m**.**
• ERC16-036 12m @ 15.65 g/t Au including 1m @ 63.24 g/t Au from 82m followed by 1m @ 95.12 g/t Au from 83m.

Significant intervals from the Sandstone Gold Zone include:

• UGZ-15-33 4m @ 99.15 g/t Au from 65m including 1m @ 348.48 g/t Au from 67m.
• UGZ-15-32A 3m @ 41.45 g/t Au including 1m @ 71.58 g/t Au from 53m.

Significant intervals from the Lower & Upper Gold Zone include:

• LGZ-15-29A 6m @ 38.40 g/t Au from 26m with 4m @ 56.46 g/t Au from 26m including 1m @ 49.79 g/t Au from 26m, 1m @ 23.55 g/t Au from 27m, 1m @ 95.22 g/t Au from 28m and 1m @ 57.29 g/t Au from 29m.
• CH14-18 4m @ 23.83 g/t Au from 85m including 1m @ 30.19 g/t Au from 86m.

Readers are advised that these assay intervals have not been top-cut prior to reporting and true mineralisation widths are not reported. Mineralisation is expected to be sub-vertical. Intervals selected have used a lower cut-off of 0.50 g/t Au. Locations of significant drill intercepts with respect to the mapped mineralised zones are shown in Figure 3.

Figure 3: Locations of Significant Drill Intercepts at Chanach Gold Project

RESOURCE GROWTH POTENTIAL

The current gold resources at Chanach are open at depth and along strike. RTG Consultant and Chartered Professional Geologist, Greg Hall of Phoenix Gold International and former Chief Geologist for Placer Dome, has visited the Chanach Project area and notes: "the extensive red hematite staining in the project area is an indication of the size of the system, which along with other geological factors and anomalies would indicate an exploration target materially greater than the current Inferred Gold Mineral Resource with further upside in several porphyry and skarn targets that remain untested"

The mineralised faults (vein groups), that are currently defined by field mapping at the Chanach Gold Project, span over a 3km strike length with drilling along only 5% of the strike length identified and mapped to date and with drilling to an average depth of only 120m. Given the existing resource is open at depth, with 95% of veins as yet untested by drilling over the existing 3km strike length and recent mapping programs likely to extend the mineralised strike length by a further 4km, the potential for resource growth is thought to be significant. Additionally; the Chanach Copper Inferred Mineral Resource is open at depth and along strike, with multiple additional porphyry targets identified for testing including several outcropping copper zones 4km to the east of the current resource. Copper skarn mineralisation has also been identified along porphyry-limestone contacts over a 2km trend within the Chanach Project area.

Figure 4: Mineralised Faults (Blue) Relative to Inferred Gold Resources (Red)

Anomalous antimony, which is used as a proxy to estimate the distribution of ore stage pyrite that accompanies gold mineralisation (defined by antimony assays in soil sample), extends more than 3km in an east-west direction and 2km in a north-south direction. The anomaly is coincident and thought to define the Chanach low sulphidation epithermal gold vein system (Figure 4).

Three of the gold vein zones have an expression along the western contact of the antimony anomaly. The eastern extent of the antimony anomaly is defined by outcropping porphyry copper mineralisation and its causative intrusion. Ground magnetic data supports the interpretation that the mineralised intrusion (and its precursor variably magnetic intrusion) underlie the full extent of the antimony anomaly.

Fluid flow has been vertical from this underlying intrusion into the limestone where the mineralising fluid has intersected a groundwater aquifer within the limestone, resulting in oxidation of the iron within the mineralised fluid and extensive deposition of red hematite (Figure 5). This hematite staining is another indicator of the size of the system and extends the full length of the antimony anomaly (3km in an east-west direction). The sequence is tilted 15-20 degrees north, so the veins now dip 70-75 degrees to the south.

It is believed that the drilling of the gold vein systems to date, using relatively shallow holes to an average of 120m, is representative of the overall strike and dip length of veins over the three-kilometre strike length (mapped and coincident with the antimony anomaly). Given that only 5% of the mineralised veins have been drilled and the veins are likely to extend vertically at least to the limestone contact, or the base of the valley (approximately 400 vertical meters), then it is believed by RTG consultant, Greg Hall, that there is an exploration target materially greater than the current Inferred Gold Mineral Resource.

Figure 5: Highly Visible Geology Showing Extensive Hematitic Red Staining at the Chanach Project Area

Figure 6: Mineral Resources & Targets at the Chanach Project

DEVELOPMENT POTENTIAL

Although currently in the exploration stage, the Chanach Project has a number of factors that would favour the development of a new mining operation. The RTG team is experienced in international mine development and operations and experienced in unlocking resource project value in emerging markets. With previous experience in Kyrgyzstan and Central Asia and excellent in-country capability, RTG believes the coupling of the potential for rapid resource growth and scalability at Chanach, strong government support and good infrastructure will be highly conducive to a project development opportunity. Access to the Chanach Project area is straight forward, there is a proximal grid power line and the Chanach Project area resides in an uninhabited valley void of any artisanal mining activity. From a technical standpoint, preliminary metallurgical test work performed for the Chanach Gold Project indicates that the sandstone hosted gold mineralisation will be free milling with a high gravity gold component and is likely to be amenable to standard gold processing methods.

MINERAL RESOURCE

In May 2018, WCN reported an Inferred Mineral Resource of 2.95 Mt at 5.1 g/t gold for 484,000 ounces and 17.23 Mt at 0.37% copper for 64,000 copper tonnes.

The most recent mineral resource estimates for the Chanach Gold Project are summarised in Table 1 for gold and Table 2 for copper. These Mineral Resources are reported in accordance with JORC Code, 2012 and were first publicly reported 30 May 2018 by WCN. Refer to the cautionary statement below.

ResourceCategory	Zone	Tonnes(Kt)	Au(g/t)	Ounces(KOz)
Inferred	Lower Gold Zone	1,155	4.00	148
Inferred	Upper Gold Zone	772	4.67	116
Inferred	Sandstone Zone	279	11.41	102
Inferred	Quartz Main	325	6.22	65
Inferred	Quartz Min	185	1.87	11
Inferred	Eastern Gold Zone	123	2.79	11
Inferred	Camp Gold Zone	106	8.77	30
Inferred	Total	2,945	5.11	484

Table 1: Chanach May 2018 Gold Mineral Resource (cut-off grade 1.0g/t Au)*

ResourceCategory	Zone	Tonnes(Kt)	Au(g/t)	Ounces(KOz)
Inferred	Quartz Cu	700	0.51	4
Inferred	Chanach	16,534	0.36	60
Inferred	Total	17,234	0.37	64

Table 2: Chanach May 2018 Copper Mineral Resource (cut-off grade 0.25% Cu)*

* The Mineral Resource estimates were originally compiled and announced by WCN on 30 May 2018, in accordance with the JORC Code, 2012 and was last disclosed in WCN's March, 2019 quarterly report on 30 April, 2019. https://www.asx.com.au/asxpdf/20190430/pdf/444pg6f8t5ln5t.pdf

RTG believes that this information has not materially changed since it was last reported. The Mineral Resources have been reviewed by RTG's Competent Person.

However, it is important to note that:

• an 'Inferred Mineral Resource' is that part of a Mineral Resource for which quantity and grade are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological and grade continuity. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to an Ore Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
• that nothing has come to the attention of RTG's Competent Person that causes it to question the accuracy or reliability of the former owner's estimates.

Refer to Appendix 1 for further details on the Mineral Resource.

Technical Summary – Mineral Resource Estimation Methodology and Data

WCN Mineral Resource Estimates (MRE) were compiled by Optiro and has been reviewed by the Competent Person.

Geology and Geological Interpretation

The reported Chanach Inferred Gold Mineral Resource occurs in quartz veining and faults 1- 10 metres wide within sandstone and porphyries. The sandstones dip at -20 degrees to the NNE and the porphyry intrusions are sub-vertical in several orientations. The quartz veins and fault zones are orientated NW to NNW are sub-vertical and cross all lithologies indicating that they formed after the sandstone deposition and after the main porphyry intrusion. The mineralised faults and veins cover an extensive area of over 5km2 and less than 5% of the identified faults have been drilled. The reported Chanach Inferred Copper Resource occurs entirely within a main porphyry intrusion as several ENE to easterly trending shear zones that are sub-vertical.

Drilling Techniques

The Inferred Mineral Resource drilling has been conducted with a Korean Hanjin tracked reverse circulation rig drilling 130mm diameter holes using a pneumatic hammer and face sampling bit. This technique shatters the rock into small sub 10mm chips which flow into the centre of the drill rod and are transported to surface using high pressure air. The sample is collected in a cyclone before passing into a sample bag. Diamond Drilling has also been conducted using the same drill rig configured for collection of NQ (50mm) rock core. Drilling has been conducted on approximately 50m spaced lines with approximately 20 to 25m spaced drill holes at the Chanach gold deposit. Drilling has been conducted on approximately 100m spaced lines with approximately 50m spaced drill holes at the Chanach copper deposit.

Sampling

Sampling of 1m drill chip intervals takes place by splitting the 30kg sample using a three-tier riffle splitter that reduces the sample to 3kg for laboratory analysis. The remnant sample is stored for metallurgical test work if required. At the laboratory the 3kg drill sample is dried, crushed to 90% passing a 1mm screen then subsampled via Jones riffle splitter to 300 grams. The 300-gram sample is milled to 90% passing 75 microns (0.075mm). A 30-gram subsample is weighed and analysed for gold via either an acid digest (aqua regia) with Atomic Absorption Spectroscopy (AAS) or via Fire Assay and an AAS analysis. Copper and base metals are assayed using a 2-10 gram sample four acid digest followed by ICP-MS.

Estimation Methodology

Mineralisation envelopes were constructed by WCN using a minimum grade of 0.3 g/t for gold and 0.25% for copper. Up to 2 metres of internal dilution has been allowed for at zero grade. Mining industry consultants Optiro Pty Ltd were engaged to estimate the gold and copper Mineral Resource. Samples were selected with each mineralisation envelope and composited to 1 metre. Where required top-cuts were applied before estimation of grade using ordinary kriging within the mineralisation envelopes. There are no assumptions in any of the estimates relating to by-products, deleterious elements, selective mining units or correlations between estimation variables. The model estimates are validated by comparing model inputs (composites) to model outputs (panel or block estimates) on a global and moving window (trend-plot) basis for each estimation domain. The models and composites are also inspected on-screen to confirm that the trends in the input data are reproduced as expected in the block estimate.

Cut-off Grade

The Chanach Mineral Resource has been classified as Inferred and reported in accordance with the JORC Code, 2012 using a cut-off of 1 g/t gold and 0.25% copper. The cut-offs were chosen based on assumed economic mining scenarios.

Resource Classification Criteria

The resource classification of Inferred is based on the quality of information for the geological domaining, as well as the drill spacing and geostatistical measures to provide confidence in the tonnage and grade estimates. The Mineral Resource estimate appropriately reflects the Competent Person's view of the deposit.

ABOUT RTG MINING INC

RTG Mining Inc. is a mining and exploration company listed on the main board of the Toronto Stock Exchange, Australian Securities Exchange Limited and the OTCQB Venture Market. RTG is focused on a proposal with a landowner lead consortium to secure an exploration licence at the high tonnage copper-gold Panguna Project in Bougainville PNG and the high grade copper/gold/magnetite Mabilo Project in the Philippines, while also identifying major new projects which will allow the Company to move quickly and safely to production, such as the Chanach Gold and Copper Project.

RTG has an experienced management team which has to date developed seven mines in five different countries, including being responsible for the development of the Masbate Gold Mine in the Philippines through CGA Mining Limited, RTG has some of the most respected and international institutional investors as shareholders including Franklin Templeton, Sun Valley, Sprott and Equinox.

ENQUIRIES

Australian ContactPresident & CEO –Justine Magee		US ContactInvestor Relations –Jaime Wells
Tel:Fax:	+61 8 6489 2900+61 8 6489 2920	Tel:	+1 970 640 0611
Email:	jmagee@rtgmining.com	Email:	jwells@rtgmining.com

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This announcement includes certain "forward-looking statements" within the meaning of Canadian and applicable securities legislation. Statements regarding the anticipated benefits of the Transaction to RTG, WCN and their respective shareholders; the timing and receipt of required shareholder, stock exchange regulatory approvals for the Transaction; the ability of RTG and WCN to satisfy the other conditions to, and to complete the Transaction; the closing of the Transaction; future growth potential for RTG, WCN and their respective businesses; future mine development plans at the Chanach Project, including anticipated drill programs and feasibility studies; interpretation of exploration results, exploration targets, plans for further exploration and accuracy of mineral resource and mineral reserve estimates and related assumptions and inherent operating risks, are forward-looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from RTG's expectations include uncertainties related to fluctuations in gold and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the development of RTG's mineral projects; the need to obtain additional financing to develop RTG's mineral projects; the possibility of delay in development programs or in construction projects and uncertainty of meeting anticipated program milestones for RTG's mineral projects and other risks and uncertainties disclosed under the heading "Risk Factors" in RTG's Annual Information Form for the year ended 31 December 2017 filed with the Canadian securities regulatory authorities on the SEDAR website at sedar.com. The forward‐looking statements made in this announcement relate only to events as of the date on which the statements are made. RTG will not release publicly any revisions or updates to these forward‐ looking statements to reflect events, circumstances or unanticipated events occurring after the date of this announcement except as required by law or by any appropriate regulatory authority.

QUALIFIED PERSON AND COMPETENT PERSON STATEMENT

The information in this release that relates to Exploration Results and Mineral Resource Estimates is based upon information compiled, reviewed and approved by Elizabeth Haren who is a Qualified Person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' who is a Member and Chartered Professional of the Australian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Elizabeth Haren is employed by Haren Consulting Pty Ltd and is a consultant to RTG. Elizabeth Haren has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person and a Qualified Person for the purposes of NI 43-101. Elizabeth Haren consents to the inclusion in the release of the matters based on her information in the form and the context in which it appears.

The information in this release that relates to Exploration Targets is based upon information compiled, reviewed and approved by Greg Hall who is a Qualified Person under NI 43-101 and a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' who is a Member and Chartered Professional of the Australian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Greg Hall is employed by Golden Phoenix International Pty Ltd and is a consultant to RTG. Greg Hall has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person and a Qualified Person for the purposes of NI 43-101. Greg Hall consents to the inclusion in the release of the matters based on his information in the form and the context in which it appears.

JORC Code, 2012 Edition – Appendix 1 Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria	JORC Code Explanation	Commentary
SamplingTechniques	•Nature and quality of sampling (e.g.cut channels, random chips, orspecific specialised industrystandard measurement toolsappropriate to the minerals underinvestigation, such as down holegamma sondes, or handheld XRFinstruments, etc.). These examplesshould not be taken as limiting thebroad meaning of sampling	•RC Drill samples were collected using a facesampling hammer with each metre of drillingdeposited in a plastic bag that is fed through athree-tier riffle splitter to obtain a 2.5-3kgsample.•Diamond drill samples were collected bycutting NQ (50mm) core in half along its axisand sampling one half of the core. Thisgenerates approximately 2.5kg of core.
	•Include reference to measurestaken to ensure samplerepresentivity and the appropriatecalibration of any measurementtools or systems used.•Aspects of the determination ofmineralisation that are Material to	•Sample bags were visually inspected forvolume to ensure minimal size variation.Where variability was observed, sample bagswere weighed. Sampling was carried outunder standard industry protocols and QAQCprocedures•A 300 gram subsample was extracted using aJones Splitter and pulverized to 200 mesh (75
	the Public Report.•In cases where 'industry standard'work has been done this would berelatively simple (e.g. 'reversecirculation drilling was used toobtain 1 m samples from which 3kg was pulverised to produce a 30g charge for fire assay'). In othercases more explanation may berequired, such as where there iscoarse gold that has inherentsampling problems. Unusualcommodities or mineralisationtypes (e.g. submarine nodules)may warrant disclosure of detailedinformation.	micron).•A 30 gram sample is digested for goldanalysis by Aqua Regia digest and AtomicAdsorption Spectrophotometry (AAS), and forcopper analysis via pressed pellet X-rayflorescence (XRF).•A 0.2 gram sample is digested for multielement analysis by Aqua-Regia digest andInductive Coupled Plasma (ICP) using MassSpectroscopy (MS) or Optical EmissionSpectroscopy (OES).
DrillingTechniques	•Drill type (e.g. core, reversecirculation, open-hole hammer,rotary air blast, auger, Bangka,sonic, etc.) and details (e.g. corediameter, triple or standard tube,depth of diamond tails, facesampling bit or other type, whethercore is oriented and if so, by whatmethod, etc.).	•Reverse Circulation Drilling, 900CFM/350PSIcompressor, with 133mm (5.25 inch) diameterface sampling hammer bit. Industry standardprocesses for RC drilling.•Diamond drilling, NQ (50mm) diameterorientated core via Reflex ACT3.
Drill samplerecovery	•Method of recording and assessingcore and chip sample recoveriesand results assessed.•Measures taken to maximisesample recovery and ensurerepresentative nature of thesamples.•Whether a relationship existsbetween sample recovery and	•The calculated volume of 1m RC sample is30kg based on rock density of 2.6 g/cm3.Sample bags were visually inspected forvolume to ensure minimal size variation.Where variability was observed, sample bagswere weighed. Sampling was carried outunder standard industry protocols and QAQCprocedures.•Visual inspection of sample size of 1 metresamples.

Criteria	JORC Code Explanation	Commentary
	may have occurred due topreferential loss/gain of fine/coarsematerial.	•Diamond Core recovery calculations arebased on recorded recovery measurementstaken on core.
		•No studies on relationships between samplerecovery and grade have been carried out.
Logging	•Whether core and chip sampleshave been geologically andgeotechnically logged to a level ofdetail to support appropriateMineral Resource estimation,mining studies and metallurgicalstudies.•Whether logging is qualitative orquantitative in nature. Core (orcostean, channel, etc.)photography.	•Drill samples have been geologically loggedand have been submitted for petrologicalstudies. Samples have been retained andstored. The logging is considered sufficient forJORC compliant resource estimations.•Logging is considered qualitative.•All of the intersections have been logged.
	•The total length and percentage ofthe relevant intersections logged.
Sub-samplingtechniquesand samplepreparation	•If core, whether cut or sawn andwhether quarter, half or all coretaken.•If non-core, whether riffled, tubesampled, rotary split, etc andwhether sampled wet or dry.•For all sample types, the nature,quality and appropriateness of thesample preparation technique.•Quality control procedures adoptedfor all sub-sampling stages tomaximise representivity ofsamples.•Measures taken to ensure that thesampling is representative of the insitu material collected, including forinstance results for fieldduplicate/second-half sampling.	•NQ core is cut via a diamond saw and halfcore sampled.•Samples were riffle split from 30kg down to3kg. Where samples were too wet to rifflesplit, samples were tube sampled.•RC Samples were collected using a facesampling hammer which pulverises the rock tochips. The chips are transported up the insideof the drill rod to the surface•Half NQ diamond core (2.5 kg) is sampled.•At this stage of the exploration no subsampling is undertaken during the collectionstage.•The whole sample collected is crushed to1mm and a 200g sub-sample pulverised. A 2-10 gram sub sample of the pulverised sampleis analysed. Field duplicates for diamond coreare not routinely collected.
	•Whether sample sizes areappropriate to the grain size of thematerial being sampled.	•The sample sizes are considered to beappropriate to correctly represent themineralisation style.
Quality ofassay dataandlaboratorytests	•The nature, quality andappropriateness of the assayingand laboratory procedures usedand whether the technique isconsidered partial or total.•For geophysical tools,spectrometers, handheld XRFinstruments, etc., the parametersused in determining the analysisincluding instrument make andmodel, reading times, calibrations	•The analytical techniques used Aqua Regiaacid digest, Atomic adsorptionSpectrophotometry for gold analysis and ICPMS or OES for multi-element analysis areconsidered suitable for the reconnaissancestyle sampling undertaken.•Gold analysis was carried out using a ThermoScientific Solar S2 AA-Spectrometer withAtom Trap STAT (Slotted Tube Atom Trap),gaseous hydride generation system (VP100Continuous Flow Vapour System)

Criteria	JORC Code Explanation	Commentary
	factors applied and their derivation,etc.•Nature of quality controlprocedures adopted (e.g.standards, blanks, duplicates,external laboratory checks) andwhether acceptable levels ofaccuracy (i.e. lack of bias) andprecision have been established.	•Multi-element analysis was carried out byaqua regia digest with ICP MS and OESanalysis using an iCAP 6300 ICP-instrumentmanufactured by Thermo-Scientific (USA-UK).
		•All mineralised intervals have been reassayed at Bureau Veritas laboratory In Perthby Fire assay and ICP-OES using 40gsamples and reported for Au, Pt, Pd
		•All mineralised multi-element intervals havebeen digested and refluxed with a mixture ofAcids including Hydrofluoric, Nitric,Hydrochloric and Perchloric Acids.
		•Cu and Zn have been determined byInductively Coupled Plasma (ICP) OpticalEmission Spectrometry.
		•Ag, As, Mo, Pb, and Sb have beendetermined by Inductively Coupled Plasma(ICP) Mass Spectrometry.
		•Laboratory QAQC involves the use of internallab standards using certified referencematerial, blanks, splits and replicates as partof the in house procedures.
Verification ofsampling andassaying	•The verification of significantintersections by either independentor alternative company personnel.	•An executive director of White Cliffs hasvisually verified significant intersections inrock samples from the Chanach project.
	•The use of twinned holes.	•Twinned holes have not been used.
	•Documentation of primary data,data entry procedures, dataverification, data storage (physicaland electronic) protocols.•Discuss any adjustment to assaydata.	•Primary data was collected using a set ofstandard Excel templates on paper and reentered into laptop computers. Theinformation was sent to WCNin-housedatabase manager for validation andcompilation into an Access database. Assaydata is received in digital and hard copydirectly from the laboratory and imported into
		the database.•No adjustments or calibrations were made toany assay data used in this report.
Location ofdata points	•Accuracy and quality of surveysused to locate drill holes (collar anddown-hole surveys), trenches, mineworkings and other locations usedin Mineral Resource estimation.•Specification of the grid systemused.•Quality and adequacy oftopographic control.	•Sample locations were recorded usinghandheld Garmin GPS60s. Elevation valueswere in AHD RL and values recorded withinthe database. Expected accuracy is + or – 5m for easting, northing and 10m for elevationcoordinates.
		•All holes are downhole surveyed to provide anaccurate 3D drill trace.
		•The grid system is WGS84 UTM (zone 42north).
		•Topographic surface uses handheld GPSelevation data, which is adequate at thecurrent stage of the project.

Criteria	JORC Code Explanation	Commentary
Data spacinganddistribution	•Data spacing for reporting ofExploration Results.	•The nominal sample spacing is 1 metreintervals down the hole.
	•Whether the data spacing anddistribution is sufficient to establishthe degree of geological and gradecontinuity appropriate for theMineral Resource and Ore Reserve	•In the opinion of the Competent Persons themineralisation has demonstrated sufficientcontinuity to be classified as a MineralResource under the guidelines of the JORCCode (2012).
	estimation procedure(s) andclassifications applied.	•Samples have not been composited beforegeochemical analysis. Samples are
	•Whether sample compositing hasbeen applied.	composited to 1 metre for grade estimation.
Orientation ofdata inrelation togeologicalstructure	•Whether the orientation of samplingachieves unbiased sampling ofpossible structures and the extentto which this is known, consideringthe deposit type.	•The sampling orientation for drilling isdesigned to be as perpendicular as possibleto the known orientation of the structures.•No orientation based sampling bias has been
	•If the relationship between thedrilling orientation and theorientation of key mineralisedstructures is considered to haveintroduced a sampling bias, thisshould be assessed and reported ifmaterial.	identified in the data at this point.
Samplesecurity	•The measures taken to ensuresample security.	•Sample security is managed by White Cliff.Samples are collected by Companyemployees and transported by Companyvehicles to the Laboratory in Kara Balta. Thesample processing facility has SecurityOfficers on duty 24 hours per day. TheCompany stores all mineralised intervals andall laboratory samples in a secured steel vaultwithin the secured processing facility.
Audits orreviews	•The results of any audits or reviewsof sampling techniques and data.	•The Company carries out its own internal dataaudits. No problems have been detected.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code Explanation	Commentary
Mineraltenement andland tenurestatus	•Type, reference name/number,location and ownership includingagreements or material issues withthird parties such as joint ventures,partnerships, overriding royalties,native title interests, historical sites,wilderness or national park andenvironmental settings.•The security of the tenure held atthe time of reporting along with anyknown impediments to obtaining alicence to operate in the area.	•The mineralisation is located withinExploration License AP590 which is a JointVenture between WCN Limited (90%) andBW3 Pty Ltd (10%)•There are no other material issues.•The tenement is in good standing and noknown impediments exist.

Criteria	JORC Code Explanation	Commentary
Explorationdone by otherparties	•Acknowledgment and appraisal ofexploration by other parties.	•No other exploration has been carried out
Geology	•Deposit type, geological setting andstyle of mineralisation.	•The geological setting is of Cambrian toPermian aged intrusive porphyry systems,bounded by overlying basaltic, andsedimentary rocks. Mineralisation is mostlysituated within granitic porphyry units as broadalteration containing copper sulphides andwithin narrow quartz veins and faults.
Drill HoleInformationData	•A summary of all informationmaterial to the understanding of theexploration results including atabulation of the followinginformation for all Material drillholes:o easting and northing of the drillhole collaro elevation or RL (Reduced Level –elevation above sea level inmetres) of the drill hole collaro dip and azimuth of the holeo down hole length and interceptiondeptho hole length.•If the exclusion of this informationis justified on the basis that theinformation is not Material and thisexclusion does not detract from theunderstanding of the report, theCompetent Person should clearlyexplain why this is the case.•In reporting Exploration Results,	•This data has been provided in previousannouncements and the volume of informationwould detract from a clear understanding ofthe current Mineral Resource.•No length weighting has been applied due to
Aggregationmethods	weighting averaging techniques,maximum and/or minimum gradetruncations (eg cutting of highgrades) and cut-off grades areusually Material and should bestated.•Where aggregate interceptsincorporate short lengths of highgrade results and longer lengths oflow grade results, the procedureused for such aggregation shouldbe stated and some typicalexamples of such aggregationsshould be shown in detail.•The assumptions used for anyreporting of metal equivalent valuesshould be clearly stated.	the nature of the sampling technique.•No top-cuts have been applied in reporting ofthe intersections.•No aggregate intercepts are used.•No metal equivalent values are used forreporting exploration results.
Relationshipbetweenmineralisationwidths andinterceptlengths	•These relationships are particularlyimportant in the reporting ofExploration Results.•If the geometry of themineralisation with respect to thedrill hole angle is known, its nature	•The majority of mineralisation is steeplydipping therefore the length of mineralisedintercepts in the drill holes will be longer thanthe true width of the mineralised zones due tothe angle between the orientation of thestructure and the drill hole. In general, the

Criteria	JORC Code Explanation	Commentary
	should be reported. If it is notknown and only the down holelengths are reported, there shouldbe a clear statement to this effect(e.g. 'down hole length, true widthnot known').	length relationship between true width anddown hole length is ~0.5.
Diagrams	•Appropriate maps and sections(with scales) and tabulations ofintercepts should be included forany significant discovery beingreported These should include, butnot be limited to a plan view of drillhole collar locations andappropriate sectional views.	•Appropriate maps and sections are included inthe body of this report and in previousannouncements.
BalancedReporting	•Where comprehensive reporting ofall Exploration Results is notpracticable, representativereporting of both low and highgrades and/or widths should bepracticed to avoid misleadingreporting of Exploration Results.	•Representative reporting is included within thebody of this report and in previousannouncements.•The Mineral Resource is based on all availabledrill hole data at the time of its estimation.
Othersubstantiveexplorationdata	•Other exploration data, ifmeaningful and material, should bereported including (but not limitedto): geological observations;geophysical survey results;geochemical survey results; bulksamples – size and method oftreatment; metallurgical test results;bulk density, groundwater,geotechnical and rockcharacteristics; potentialdeleterious or contaminatingsubstances.	• Extensive metallurgical test work has beenconducted on all mineralised zones. The testwork includes total recoverable gold, gravityrecoverable gold, cyanide recoverable gold,sequential copper leach and bottle leach.• Exploration targeting has been enhanced by astructural study completed by Orefind in 2017,a ground magnetics study by SouthernGeoscience in 2016 and a geophysical studycompleted by Baoding Geological EngineeringInstitute in 2011. The project is a target richenvironment with 2019 planned explorationfocussing on multiple targets.
Further Work •	The nature and scale of plannedfurther work (e.g. tests for lateralextensions or depth extensions orlarge-scale step-out drilling).Diagrams clearly highlighting theareas of possible extensions,including the main geologicalinterpretations and future drillingareas, provided this information isnot commercially sensitive.	•Ongoing reverse circulation and diamonddrilling will be used to further define the natureand extent of the geochemical anomalism, andto gain lithological information.•Most mineralisation is open both along strikeand down dip.

Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code Explanation	Commentary
Databaseintegrity	•Measures taken to ensure that datahas not been corrupted by, forexample, transcription or keyingerrors, between its initial collectionand its use for Mineral Resourceestimation purposes.	•Assay data digitally received directly from thelaboratory and electronically transferred intoan access database. Geological and surveydata is received in excel spreadsheets andimported electronically into the database.

Criteria	JORC Code Explanation	Commentary
	•Data validation procedures used.	•Once in the database, the data is exported toa Map-info drill hole file where it Is validatedfor consistency. The drill-holes are displayedin sections and the geology visually validatedfor consistency.
Site visits	•Comment on any site visitsundertaken by the CompetentPerson and the outcome of thosevisits.•If no site visits have beenundertaken indicate why this is thecase	•The prior Competent Person for Explorationresults was been with WCNfor 9 years andmanaged the Chanach project sinceacquisition in 2009. He is intimately involved inthe Chanach deposits, with 18 site visits beingundertaken including managing drillingprograms on site, field mapping, drill holelogging and geological interpretation.•A Competent Person from Optiro Pty Ltd theconsulting company that carried out themineral resource estimate visited the site in
		July 2017 and confirmed all material aspectsof the drilling programs, assay laboratory andQAQC.
		•The current Competent Person has not visitedthe site due to tight timing constraints.
GeologicalInterpretation	•Confidence in (or conversely, theuncertainty of) the geologicalinterpretation of the mineraldeposit.•Nature of the data used and of anyassumptions made.•The effect, if any, of alternativeinterpretations on MineralResource estimation.•The use of geology in guiding andcontrolling Mineral Resourceestimation.•The factors affecting continuity bothof grade and geology.	•There is a moderate level of confidence in thegeological interpretation due to the presenceof outcropping mineralisation at surface.•Wireframes used to constrain the estimationare based on drill hole intercepts andgeological boundaries. All wireframes at theChanach copper deposit have beenconstructed to 0.25% Cu cut-off grade and atthe Chanach gold deposit have beenconstructed to a 0.3 ppm Au cut-off grade forshape consistency.•The current interpretation of controls on andinterpretation of mineralisation are relativelysimple and no alternative interpretations havebeen considered. Further exploration mayresult in slight changes to interpretedmineralisation zones.•Wireframes are used to constrain theestimation and are based on drill holeintercepts and geological boundaries.•Wireframes are constructed to a 0.3 ppm Au
Dimensions	•The extent and variability of theMineral Resource expressed aslength (along strike or otherwise),plan width, and depth belowsurface to the upper and lowerlimits of the Mineral Resource	cut-off grade for gold and a 0.25% Cu cut-offgrade for copper for shape consistency.•The gold Mineral Resource comprises fourmain zones, LGZ, UGZ, SSZ and QZ whichhave a strike length of 300 m and extendvertically for approximately 150 m belowsurface along with three minor zones.•The copper Mineral Resource has one zonewith a total strike length of 600 m and whichextends vertically for approximately 350 mbelow surface and another smaller zone.

Criteria	JORC Code Explanation	Commentary
Estimation•and modellingtechniques	The nature and appropriateness ofthe estimation technique(s) appliedand key assumptions, includingtreatment of extreme grade values,domaining, interpolation	•Grade estimation using Ordinary Kriging (OK)was completed using Datamine software forAu and Cu. Drill grid spacing at the gold zonesapproximates 50 m and 100 m at the maincopper zone.
	parameters and maximum distanceof extrapolation from data points. Ifa computer assisted estimationmethod was chosen include adescription of computer software	•Variogram orientations were largely controlledby the strike of mineralisation and downholevariography. Variograms for estimationpurposes were determined for each zone.
	and parameters used.•The availability of check estimates,previous estimates and/or mineproduction records and whether theMineral Resource estimate takes	•Other estimation parameters, such as searchdistance, minimum and maximum samplenumbers were derived from KNA. Searchdistances varied depending on the elementbeing estimated and the domain.
	appropriate account of such data.•The assumptions made regarding	•There has been no production at Chanach ofgold or copper.
	recovery of by-products.•Estimation of deleterious elementsor other non-grade variables ofeconomic significance (eg sulphurfor acid mine drainagecharacterisation).	•No assumptions have been made regardingrecovery of any by-products.
		•No deleterious elements were estimated, andnone are known to exist.
		•The block model dimensions and parameterswere based on the geological boundaries and
	•In the case of block modelinterpolation, the block size inrelation to the average samplespacing and the search employed.	average drill grid spacing. Sub-blocks wereused to ensure that the block model honouredthe domain geometries and volume. Blockestimates were controlled by the original
	•Any assumptions behind modellingof selective mining units.	parent block dimensions.•The individual parent block dimensions were
	•Any assumptions about correlationbetween variables.	25 mE by 5 mN by 25 mRL, with sub-blockingallowed.
	•Description of how the geologicalinterpretation was used to controlthe resource estimates.	•Estimation into parent blocks used adiscretisation of 10 (X points) by 5 (Y points)by 10 (Z points) to better represent estimatedblock volumes.
	•Discussion of basis for using or notusing grade cutting or capping.	•No selective mining units were modelled in thisestimate due to the wide drill spacing. It is
	•The process of validation, thechecking process used, thecomparison of model data to drillhole data, and use of reconciliationdata if available.	assumed that the SMU is equal to the blockmodel parent cell or smaller.
		•Gold and copper were estimated for eachdeposit.
		•Drill hole sample data was flagged usingdomain codes generated from threedimensional mineralisation domains. RCsampling was at 1 m intervals and diamonddrilling was composited to 1 m.
		•Mineralisation domains were treated as hardboundaries in the estimation process.
		•Top cuts were established by investigatingunivariate statistics and histograms of samplevalues. Top cut values were selected toreduce the influence of outliers and varied bydeposit.

Criteria	JORC Code Explanation	Commentary
		•Model validation was carried out using visualcomparisons between composites andestimated blocks, checks for negative orabsent grades, and statistical comparisonagainst the input drill hole data and graphicalprofile (swath) plots.
Moisture	•Whether the tonnages areestimated on a dry basis or withnatural moisture, and the method ofdetermination of the moisturecontent.	•Tonnages are estimated on a dry basis.
Mining factorsorassumptions	•Assumptions made regardingpossible mining methods, minimummining dimensions and internal (or,if applicable, external) miningdilution. It is always necessary aspart of the process of determiningreasonable prospects for eventualeconomic extraction to considerpotential mining methods, but theassumptions made regardingmining methods and parameterswhen estimating MineralResources may not always berigorous. Where this is the case,this should be reported with anexplanation of the basis of themining assumptions made.	•No minimum mining assumptions were madefor each deposit during the resourcewireframing or estimation process. Thewireframing of gold mineralisation generallyrequired a minimum of 2 samples to beincluded in the wireframe.•Mining parameters, including minimum widthassumptions, will be applied during theconversion to Ore Reserves.
Metallurgicalfactors orassumptions	•The basis for assumptions orpredictions regarding metallurgicalamenability. It is always necessaryas part of the process ofdetermining reasonable prospectsfor eventual economic extraction toconsider potential metallurgicalmethods, but the assumptionsregarding metallurgical treatmentprocesses and parameters madewhen reporting Mineral Resourcesmay not always be rigorous. Wherethis is the case, this should bereported with an explanation of thebasis of the metallurgicalassumptions made.	•No metallurgical factors or assumptions aremade during the resource estimation processas this will be addressed during conversion toOre Reserve.
Environmental factors orassumptions	•Assumptions made regardingpossible waste and processresidue disposal options. It isalways necessary as part of theprocess of determining reasonableprospects for eventual economicextraction to consider the potentialenvironmental impacts of themining and processing operation.While at this stage thedetermination of potentialenvironmental impacts, particularlyfor a greenfields project, may not	•No environmental factors or assumptions havebeen made during the resource estimationprocess.

Criteria	JORC Code Explanation	Commentary
	always be well advanced, thestatus of early consideration ofthese potential environmentalimpacts should be reported. Wherethese aspects have not beenconsidered this should be reportedwith an explanation of theenvironmental assumptions made.
Bulk density	•Whether assumed or determined. Ifassumed, the basis for theassumptions. If determined, themethod used, whether wet or dry,the frequency of themeasurements, the nature, sizeand representativeness of thesamples.•The bulk density for bulk materialmust have been measured bymethods that adequately accountfor void spaces (vugs, porosity,etc), moisture and differencesbetween rock and alteration zoneswithin the deposit.•Discuss assumptions for bulkdensity estimates used in theevaluation process of the differentmaterials.	•Bulk Densities were collected across theChanach gold project in the mineralisedintervals from both RC and diamond drillholes. The average bulk density wascalculated as 2.54 t/m3 based on 125 samples.•Bulk density was measured using the waxencapsulation and weight in waterdisplacement analytical method•A bulk density of 2.74 t/m3was used for thefresh material in the Chanach deposit and2.50 t/m3for the oxide material. Thesemeasurements were based on the host rocktypes and experience from similar deposits.
Classification •	The basis for the classification ofthe Mineral Resources into varyingconfidence categories.•Whether appropriate account hasbeen taken of all relevant factors(ie relative confidence intonnage/grade estimations,reliability of input data, confidencein continuity of geology and metalvalues, quality, quantity anddistribution of the data).•Whether the result appropriatelyreflects the Competent Person'sview of the deposit.	•Classification of the resource models is basedprimarily on drill density and geologicalunderstanding, in conjunction with extensiveQAQC data and bulk density measurements.•The classification takes into account therelative contributions of geological and dataquality and confidence, as well as gradeconfidence and continuity.•The classification reflects the view of theCompetent Person.
Audits orreviews	•The results of any audits or reviewsof Mineral Resource estimates	•No external audits or reviews have beencarried out. The resource estimate has beeninternally peer reviewed.
Discussion ofrelativeaccuracy/confidence	•Where appropriate a statement ofthe relative accuracy andconfidence level in the MineralResource estimate using anapproach or procedure deemedappropriate by the CompetentPerson. For example, theapplication of statistical orgeostatistical procedures toquantify the relative accuracy of theresource within stated confidence	•The relative accuracy of the Mineral Resourceestimate is reflected in the reporting of theMineral Resource as per the guidelines of the2012 JORC Code. The statement relates toglobal estimates of tonnes and grade.•The estimate is considered to be relevant to aglobal report of tonnage and grade.•There has been no production.

Criteria	JORC Code Explanation	Commentary
	limits, or, if such an approach is notdeemed appropriate, a qualitativediscussion of the factors that couldaffect the relative accuracy andconfidence of the estimate.
	•The statement should specifywhether it relates to global or localestimates, and, if local, state therelevant tonnages, which should berelevant to technical and economicevaluation. Documentation shouldinclude assumptions made and theprocedures used.
	•These statements of relativeaccuracy and confidence of theestimate should be compared withproduction data, where available.