Babicanora Area Plan Map - March 2020

Area 118 zone300m by 125m by 1.6m*

3,078 gpt AgEq**

Area 200 zone500m by 125m by 1.5m*

3,387 gpt AgEq**

Area 51 zone20.9M oz AgEq, 1,393 gpt***

Indicated Resource (March 2019)

Recent Significant Discoveries

Area 200

Area 51

Babi Vista400m by 150m by 1.2m*

2,486 gpt AgEq**

Babi Vista400m by 150m by 1.2m*

2,486 gpt AgEq**

2020 Drill Target

BabicanoraArea

Las Chispas

Area

A

A’

Santa Rosa Portal

**AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17.00 per ounce silver and US$1,225 per ounce gold, with average metallurgical recoveries of 90% silver and 95% gold.

Babi Central Portal

*High-grade footprint, vein strike length by height by est. true width, refer to news releases Feb. 25, 2019, Nov. 14, 2019, Nov. 21, 2019, and Feb. 18, 2020.

Las Chispas District Plan Map

***466,000 tonnes at 7.90 gpt Au and 801 gpt Ag from March 2019 Technical Report .

High-grade StockpileSanta Rosa

Portal & Decline

Proposed Processing Facilities

Administration

Babicanora Area, Looking Southeast

B B’

Photo location

50m

Legend (March 2020)Current NR Reported DHCurrently DrillingProposed DHAssays PendingCompleted DH Pierce pt.

*AgEq based on 75 (Ag):1 (Au) calculated using long-term silver and gold prices of US$17.00 per ounce silver and US$1,225 per ounce gold, with average metallurgical

recoveries of 90% silver and 95% gold.

0m 100m

A’ A

B’

Long Section (Inclined) of Babi Vista Vein Looking Southwest

OPEN

Underground Workings

B’

B

All information is approximate.

Welded Tuff(Host)Lithic Tuff

(Host)

BAN18-34

BAN18-11

BAN18-30

BAN18-39

BAN18-26

BAN18-53

UBV19-11

UBV19-10

BV19-04

BV19-03

BV19-05

BV19-07

BV19-080.9m, 1,293

BV19-02

BV19-01

BV19-06

OPEN

OPEN

UBV19-30: 0.4m @ 425 gpt Au and 34,566.0 gpt Ag, or 66,441 gpt AgEq*

UBVHOLES

OPEN

OPEN

OPEN

UBV19-09

UBV19-08

High-Grade Footprint

Drill hole #True Thickness, gpt AgEq*

BAN18-14

UBV19-29

Santa RosaDecline

1100 masl

BAN18-50

UBV19-04

UBV19-07

UBV19-06

OPEN

UBV19-302.1m, 12,740UBV19-31

BV20-141.0m, 277

BV20-181.6m, 5,831 BV20-19

0.8m, 4,354

BV19-120.8m, 1,121

BV19-11

BV20-170.5m, 752

BV20-21

BV19-10

BV20-15

BV20-16

BV20-221.1m, 13,022

BV19-091.4m, 157

BV20-20

Babicanora Area 3DLooking NW

Babicanora Footwall Vein

Babicanora Vein 0m 200m

Babicanora Norte Vein

Babi Vista Vein

Babicanora Hangingwall Vein

Babicanora Norte Footwall Vein

Babicanora Norte Area 200

Babicanora Norte Hangingwall Veins

B

400m

Ave. 150m UBV20-33

UBV20-32

UBV20-34

BV20-24

BV20-32

BV20-27

BV20-300.4m, 11,027

BV20-26

BV20-31

OPEN

>1000 gpt AgEq, NR & Total

Notes: NR = this news releaseHoles BV20-23, 25, 26 and 28 are drilled off-section

Previous H-G Footprint

UBV19-22 1.6m, 403

BAN9-50