21 W ALLBRID GE V AL UE P R OPO SITION Small p r od u cer t o g e n e r a t e c ash flow Str on g manag e me n t t e am with min in g and e xp lor a tio n e xp e rie n c e G oo d tr ack r e c or d of optimizi n g in v e s t o r e xp os u r e t o d i sc o v e r y u p si d e th r ough se lf fun d e d e xplo r a tio n sp in outs and joint v e n tur e s with major c omp anies High P ot enti al f or f urthe r e xpl o r a tio n d riv e n dis c o v e ri e s in an e s t abli sh e d minin g c amp Expl or a ti on b u d g e t and d rillin g in cr e asi n g as joint v e n tur e c ommi tme n ts gr ow Sign ific an t u p sid e p ot e n ti al thr ou gh r e t ain e d e q u ity in t e r e s ts in q u ality p r oje cts Su cc e s s ful ly imple men t e d alt e rna tiv e financi n g s tr a t e gy c on sis ti n g of JV fun d in g and small sc ale minin g c ash f low minimizin g shar eh ol d e r dilu tio n B roke n Ha m m er Op en Pi t Mine Site J une 10 20 1 4