T SX V CQ R DISCLAI MER AND FOR W ARD LOOKI NG ST A TEM ENT T his docum ent m ay c ontain c ertain f orw ard looking inform at ion w hich inv olv es k now n and unknow n ris k s and unc ert ain t ies T his f orw ard look in g inf orm at ion inc luded or m ay be bas ed upon es t im at es f orec as t s and s t at em en t s as t o m anagem ent s ex pec t at ions w it h res pec t t o am ong ot her t hings t he s iz e and qualit y of t he c om pany s m ineral res ourc es f ut ure t rends f or t he c om pany progres s in dev elopm ent of m ineral properti e s t he is s ue of per m it s f uture pro duct io n and s ales v olum es c apital and m ine pro duct ion c ost s t ran s po rt at ion and s hipping c os t s dem ands and m ark et out look f or m et als f ut ure m et al pric es and t reat m en t and ref ining c harges general m ark et c onditi ons ac c es s t o c apit al and t he f inanc ial res ult s of t he c om pany Ac t ual res ult s m ay dif f er m at erially f rom t hos e ex pres s ed or im plies by f orw ard look ing s t at em e nt s H is t oric al es t im at ions of res ourc es and res erv es m ay not c om ply in all res pec t s w it h t he s t andard s c ont ained in N at ional I ns t ru m en t 43 101 St andard s of D is c los ure f or M ineral Projec t s of t he C anadian Sec urit ies Adm inis t rat o rs M ineral res ourc es t hat are not m ineral res erv es do not hav e dem ons t ra t e d ec onom ic v iabilit y I nf erre d m ineral res ourc es are c ons idere d t oo s pec ulat iv e geologically t o hav e ec onom ic c ons idera t ions applied t o t hem t hat w ould enable t hem t o be c at egoriz ed as m ineral res erv es T here is no c ert aint y t hat m ineral res ourc es w ill be c onv ert ed int o m ineral res erv es 2