Updated Nalunaq Mineral Resource Estimate Results in a 50% increase in Average Grade and 30% Increase in Contained Gold

Contributing sentiments towards policy:

58% : Our new Dolerite Dyke geological model has enabled us to define continuous high grade zones within the Main Vein, which will make mining more efficient and profitable as lower grade tonnage can be discounted to focus on these higher grade areas.
56% : The resource information included within this announcement is reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards on Mineral Resources and Mineral Reserves (May 2014) as required by CIM Definition Standards.
55% : This update, termed MRE3, is reported in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards on Mineral Resources and Mineral Reserves (May 2014) as required by NI 43-101 ("the CIM Definition Standards").
19% : This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse ("UK MAR"), as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, and Regulation (EU) No. 596/2014 on Market Abuse ("EU MAR").

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