Resource Estimate Report

December 5, 2014

Hi All,

After much anticipation, we are pleased to announce that we have received the final copy of Golder Associates’ Resource Estimate report on a sample of our mineralized material. The report has come in consistent with management estimates and expectations, and reflects the first 6,588 tons (dry weights) of our material.

The report indicates average estimated silver content of 761 grams per ton, and a cobalt concentration of 0.95%, among others. Effectively, this amounts to an estimated 176,845 ounces of silver, and 137,978 pounds of cobalt in this segment of our material.

We are encouraged by these results, as the value of this small portion of our material lends credence and credibility to the potential overall value of all our stockpiles in aggregate. We will be sure to share more updates in the coming days and weeks.

Stay tuned, and have a great weekend.

Yours,

D.R.