9 www gbr eports c om Glob al Business R eport s ONT ARIO MINING 2018 PRERELEASE Glob al Business R eport s ONT ARIO MINING 2018 PRERELEASE Gold is going higher Gold shar es ar e v er y attr ac tiv ely price d r elativ e to the br oad e quity mar ket Its time to bu y gold and gold shar es Rob McEw en chief o wner and chairman McEw en Mining P r o d uc t ion a n d E x p l or a t ion i n O n t a rio M i n i n g p l a y e r s a c r o s s t h e p r o v i n c e t r y t o e x t e n d m i n e l i f e t h r o u g h b r o w n f e l d e x pa ns i o ns A s the lar g es t pr oduc er in Canada of g old pla tinum gr oup me t als and nick el and the sec ond lar g es t pr oduc er of c opper Ont ario led all Canadian jurisdic tions in miner al pr oduc tion in 2017 P olitic al s t ability mining tr adition infr as truc tur e pr o ximity t o the financial mark e t s and the r ela tive e ase t o find skilled labor all c ontribut e t o a f avor able mining envir onment tha t ensur es c ontinuous pr oduc tion r e g ar dless of the c ommodity c ycle Ne vertheless high labor c os t s social sensitivities and bur e aucr a tic hur dles fr om a f eder al and pr ovincial le vel mak e it challenging t o move pr ojec t s f or w ar d and tr ansition fr om explor a tion t o pr oduc tion S t ephen R oman chairman pr esident and CEO of Hart e Gold lament ed the e ver incr e asing permit ting r equir ement s The ne w Ont ario Mining Ac t of 2013 w as a major blow t o explor a tion and de velopment due t o punitive ne w rules F or ins t anc e t o permit our bulk sample t ook thr ee ye ars GOLD PRICE EV OL UTION Source APME X Jan 16 Apr 16 Jan 17 Jul 16 Oct 16 Jul 17 Jul 18 Apr 17 Jan 18 Apr 18 Oct 17 1400 1350 1300 1250 1200 1150 1100 US IM A GE Courtesy of Cementation