Balabag Exploration Update:

TVI Provides Initial Balabag Prospect Resource Estimates

• Indicated resources of 1.37 million tonnes (“Mt”) averaging
  2.9 grams per tonne (“gpt”) gold (“Au”), 84.3 gpt
  silver (“Ag”)
  • Using >0.5 gpt grade group:
    • 126,507 ounces (“Ozs”) Au; 3,716,842 Ozs Ag
    • 203,703 Ozs on a gold equivalent (“AuEq”) basis
• Inferred resources of 1.96 Mt averaging 2.6 gpt Au, 55.2 gpt Ag
  • Using >0.5 gpt grade group:
    • 162,056 Ozs Au; 3,471,890 Ozs Ag
    • 234,165 Ozs on a AuEq basis
• Continued exploration identifies two new vein occurrences; additional drilling
  planned to test possible extension