Gold Mountain Mining Corp. Signs Ore Purchase Agreement With New Gold Inc.

Gold Mountain Mining Corp. (TSXV:GMTN)(FRA:5XFA)("Gold Mountain" or the ("Company") is pleased to announce that it has entered into an Ore Purchase Agreement ("OPA") with New Gold Inc. ("New Gold") for a three-year term

HIGHLIGHTS:

Gold Mountain will deliver ore to New Gold's New Afton Mine located 130km from the Company's Elk Gold Project in Kamloops, British Columbia.
Pursuant to the OPA, New Gold has agreed to pay Gold Mountain in a timely manner based on the tonnes and grade of the ore delivered to the mill independent of when it's processed.
The OPA provides the Company with an efficient path towards initial production following the receipt of necessary permits.

Kevin Smith, CEO of Gold Mountain, states "Signing the OPA with New Gold represents another key milestone and partnership for Gold Mountain. This agreement will help advance initial production at the Elk Gold Project by eliminating the time and capital required to build on-site infrastructure. We are confident in our ability to execute on our mine plan and deliver significant value for our shareholders."

Ore Purchase Agreement

Under the terms of the OPA, Gold Mountain will deliver 70,000 tonnes of ore per annum, approximately 200 tonnes per day, to the mill located at New Gold's New Afton Mine situated 130km from the Elk Gold Project, in Kamloops, British Columbia. The OPA has a term of three years, giving Gold Mountain sufficient time to scale its business accordingly.

The ore will be sampled and weighed at the Elk Gold Project site to determine the contained ounces of gold and silver being delivered to the New Afton Mine. Following delivery of the ore, New Gold will pay Gold Mountain at the end of each calendar month based on the value of the gold and silver in the ore, net of the agreed metallurgical recovery and concentrate selling costs. New Gold then has 17 days to deliver payment for the ore. The terms of the OPA mitigate the variance and volatility of operational throughput for Gold Mountain and allows the Company to avoid any risk of recovery.

By securing a world-class toll milling partner in New Gold, along with the previously announced mining contract executed with Nhwelmen-Lake LP, Gold Mountain has the operational partners in place to increase shareholder value. The terms of the OPA supports the economic analysis set forth in Elk Gold's 2020 PEA posted on SEDAR (www.sedar.com) and available for download at https://gold-mountain.ca/operations/.

The OPA is effective upon the first delivery of ore to the New Afton Mine. Prior to the first delivery of ore, the parties must settle on a sampling procedure for tracking the tonnes and grade delivered, Gold Mountain must receive the Permit (as defined below) and New Gold must obtain a permit amendment to allow for the processing to occur.

Mining Permit Update

Gold Mountain is pleased to provide an update on the progress of the Joint Permit Amendment Application that was submitted in May 2020 (the "Permit") and will allow for the extraction of 70,000 tonnes per annum of ore. The Permit was accepted through the application screening phase of the application review and Gold Mountain has responded to the first round of technical review questions that were provided by the Ministry of Energy, Mines and Low Carbon Innovation, the Ministry of Environment and Climate Change Strategy and the Ministry of Forests, Lands, Natural Resources and Rural Development. Gold Mountain is anticipating a second (final) round of technical review questions from the regulators in the coming months prior to completing the Permit review process.

COVID-19

Gold Mountain is committed to the health and safety of all employees, contractors, and local communities in which they operate. The Company has implemented additional controls and safety protocols in accordance with Canadian guidelines and government requirements related to the COVID-19 pandemic.

About New Gold Inc.

New Gold is a Canadian-focused intermediate gold mining company with a portfolio of two core producing assets in Canada, the Rainy River and New Afton Mines. The Company holds an 8% gold stream on the Artemis Gold Blackwater project located in British Columbia and a 6% equity stake in Artemis. The Company also operates the Cerro San Pedro Mine in Mexico (in reclamation). New Gold's vision is to build a leading diversified intermediate gold company based in Canada that is committed to environment and social responsibility. For further information on New Gold, visit www.newgold.com.

About Gold Mountain

Gold Mountain is a BC-based gold and silver exploration and development company focusing on the expansion of the resource at the Elk Gold Project, a past producing mine located 57 km from Merritt in South Central British Columbia. www.gold-mountain.ca.

For further information, please contact:

Gold Mountain Mining Corp.
Kevin Smith, Director and Chief Executive Officer
Phone: 604-309-6340
www.Gold-Mountain.ca
Email: KS@gold-mountain.ca

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, Gold Mountain obtaining its mining permit, Gold Mountain hauling ore to New Afton, New Gold paying Gold Mountain in a timely manner, the ability of Gold Mountain to execute on its mine plan, the terms of the Permit, forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of gold; New Gold's ability to obtain its custom milling permit, Gold Mountain's timely receipt of the Permit and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Gold Mountain disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. For a comprehensive overview of all risks that may impact the Company, please see the Filing Statement dated December 14, 2020 a copy of which is available on Gold Mountain's SEDAR profile at www.sedar.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

SOURCE: Gold Mountain Mining Corp

View source version on accesswire.com:
https://www.accesswire.com/626079/Gold-Mountain-Mining-Corp-Signs-Ore-Purchase-Agreement-With-New-Gold-Inc

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		UTM	UTM
Hole ID	Target	Easting (NAD83	Northing (NAD83	Elevation (m)	Length (m)	Azimuth	Dip
		Z10)	Z10)
EZ-21-01	SW Vein	531203	5653771	2400	105	121	-52
EZ-21-02	SW Vein	531203	5653771	2400	132	146	-55
EZ-21-03	SW Vein	531203	5653771	2400	111	158	-47
EZ-21-04	SW Vein	531203	5653771	2400	135	168	-58
EZ-21-05	SW Vein	531078	5653776	2400	561	123	-48
EZ-21-06	SW Vein	531078	5653776	2400	255	110	-55
EZ-21-07	SW Vein	531203	5653771	2400	126	115	-75
EZ-21-07b	SW Vein	531203	5653771	2400	186	115	-75
EZ-21-08	SW Vein	531195	5653839	2427	231	115	-68
EZ-21-09	SW Vein	531200	5654020	2330	360	120	-48
EZ-21-10	SW Vein	530953	5653772	2390	354	127	-50
EZ-21-11	SW Vein	530953	5653772	2390	381	136	-50
EZ-21-12	SW Vein	530953	5653772	2390	375	125	-45
EZ-21-13	SW Vein	530919	5653596	2300	261	94	-45
EZ-21-14	SW Vein	530919	5653596	2300	261	108	-55
EZ-21-15	SW Vein	530919	5653596	2300	330	100	-55
EZ-21-16	SW Vein	530919	5653596	2300	330	83	-48.5
EZ-21-17	SW Vein	530919	5653596	2300	414	98	-63
EZ-21-18	SW Vein	530919	5653596	2300	351	128.5	-63
EZ-21-19	SW Vein	530953	5653772	2390	417	129	-58
EZ-21-20	SW Vein	530849	5653432	2260	300	129	-45
EZ-21-21	East Veins	531695	5653463	2120	357	90	-45
EZ-21-22	SW Vein	531195	5653839	2427	188	75	-45
EZ-21-23	SW Vein	531695	5653463	2120	165	91	-45
EZ-21-24	Blue Vein	530953	5653772	2390	219	84	-54
EZ-21-25	Blue Vein	530953	5653772	2390	201	105	-58
EZ-21-26	Blue Vein	530953	5653772	2390	198	95	-45
EZ-21-27	Blue Vein	530953	5653772	2390	195	150	-60
EZ-21-28	No.9 Vein	530953	5653772	2390	321	300	-55

		UTM	UTM
Hole ID	Target	Easting (NAD83	Northing (NAD83	Elevation (m)	Length (m)	Azimuth (^o)	Dip (^o)
		Z10)	Z10)
EZ-22-01	Blue Vein	530953	5653772	2400	222	130	-65
EZ-22-02	Blue Vein	531203	5653772	2400	225	108	-65
EZ-22-03	Blue Vein	531203	5653772	2400	198	95	-50
EZ-22-04	Blue Vein	531200	5653774	2393	375	290	-55
EZ-22-05	Blue Vein	531130	5653775	2399	156	280	-45
EZ-22-06	Blue Vein	531130	5653775	2399	237	290	-55
EZ-22-07	Blue Vein	531130	5653775	2399	216	298	-45
EZ-22-08	Blue Vein	531039	5653887	2422	201	135	-50
EZ-22-09	Blue and SW Vein	530953.1	5653772	2392	468	100	-53
EZ-22-10	Blue Vein	530953.1	5653772	2392	210	95	-65
EZ-22-11	Blue Vein	531039	5653887	2422	207	110	-60
EZ-22-12	Blue Vein	531039	5653887	2422	216	85	-50
EZ-22-13	Blue Vein	531039	5653887	2422	251	123	-65
EZ-22-14	Blue Vein	531004	5653896	2428	249	140	-65
EZ-22-15	Blue Vein	531004	5653896	2428	156	130	-65
EZ-22-16	Blue Vein	531004	5653896	2428	242	120	-65
EZ-22-17	Blue Vein	531004	5653896	2428	251	160	-65
EZ-22-18	Blue Vein	531004	5653896	2428	258	150	-65
EZ-22-19	No.9 Vein	531041	5653893	2422	201	284	-63
EZ-22-20	No.9 Vein	531041	5653893	2422	270	284	-67
EZ-22-21	No.9 Vein	531041	5653893	2422	216	294	-63
EZ-22-22	No.9 Vein	531041	5653893	2422	183	274	-63
EZ-22-23	No.9 Vein	531041	5653893	2422	201	264	-63
EZ-22-24	Main & West Vein	531347	5653777	2378	405	100	-45
EZ-22-25	No.9 Vein	531039	5653888	2422	181	254	-63
EZ-22-26	No.9 Vein	531039	5653888	2422	201	244	-63
EZ-22-27	No.9 Vein	531038	5653891	2422	201	308	-63
EZ-22-28	No.9 Vein	531038	5653891	2422	234	318	-63
EZ-22-29	SW Vein	531136	5653860	2422	246	111	-48
EZ-22-30	SW Vein	531136	5653860	2422	83	111	-55

Hole ID	From (m)	To (m)	Interval (m)	True Thickness (m)	Gold Grade	MET Screen Grade	Vein
EZ-21-01	94.00	96.60	2.60	2.21	4.60	5.12	SW Vein
and	83.50	84.00	0.50	0.43	20.50	pending	SW Vein
EZ-21-02	102.40	109.00	6.60	5.61	8.40	pending	SW Vein
including	105.40	106.50	1.10	0.93	46.30	pending	SW Vein
EZ-21-03	88.60	95.00	6.40	5.44	7.22	pending	SW Vein
including	89.30	91.90	2.60	2.21	11.80	pending	SW Vein
and	90.00	91.30	1.30	1.11	19.80	pending	SW Vein
and	34.70	35.20	0.50	0.43	3.15	pending	SW Vein
EZ-21-04	122.00	126.00	4.00	3.40	31.20	34.40	SW Vein
including	123.00	124.50	1.50	1.28	52.10	68.30	SW Vein
including	124.00	124.50	0.50	0.43	72.00	87.30	SW Vein
EZ-21-05	134.00	135.00	1.00	0.85	1.38	Not Preformed	7 Vein
	217.55	218.25	0.70	0.59	1.74	1.67	SW Vein
and	256.00	256.50	0.50	0.43	1.03	0.89	SW Vein
and	554.85	555.35	0.50	0.43	0.24	Not Preformed	West Vein
EZ-21-06	134.50	136.00	1.50	1.28	1.10	1.71	7 Vein
and	245.00	246.00	1.00	0.85	2.05	2.45	SW Vein
EZ-21-07	Hole lost
EZ-21-07B	40.10	41.10	1.00	0.85	4.88	Not Preformed	7 Vein
and	51.50	52.20	0.70	0.60	9.06	Not Preformed	7 Vein
and	160.00	165.75	5.75	4.89	0.53	0.70	SW Vein
EZ-21-08	196.25	202.40	6.15	5.23	0.65	0.66	SW Vein
and	226.60	227.10	0.50	0.43	1.54	1.85	SW Vein
EZ-21-09	58.60	59.10	0.50	0.43	0.31	Not Preformed	Blue Vein
and	270.90	272.90	2.00	1.70	2.56	Not Preformed	SW Vein
and	355.88	357.00	1.12	0.95	0.85	Not Preformed	SW Vein
EZ-21-10	223.00	223.50	0.50	0.43	4.04	Not Preformed	7 Vein
and	347.70	349.20	1.50	1.28	0.22	0.21	SW Vein
EZ-21-11	326.90	327.40	0.50	0.43	0.55	0.44	SW Vein
EZ-21-12	117.80	118.80	1.00	0.85	47.6	33.7	Blue Vein
and	130.70	131.20	0.50	0.43	26.4	Not Preformed	Blue Vein
and	163.90	164.40	0.50	0.43	5.50	8.41	Blue Vein
and	344.90	347.00	2.10	1.79	0.78	1.22	SW Vein
EZ-21-13	230.70	232.60	1.90	1.62	0.76	0.71	SW Vein
EZ-21-14	224.00	224.90	0.90	0.77	1.63	1.15	SW Vein
Hole ID	From (m)	To (m)	Interval (m)	True Thickness (m)	Gold Grade	MET Screen Grade	Vein
EZ-21-15	318.40	320.80	2.40	2.04	0.31	Not Preformed	SW Vein
including	320.30	320.80	0.50	0.43	1.14	Not Preformed	SW Vein
EZ-21-16	305.00	306.90	1.90	1.61	0.55	Not Preformed	SW Vein
EZ-21-17	171.00	171.50	0.50	0.43	0.14	0.57	SW Vein
and	204.00	204.60	0.60	0.51	0.53	Not Preformed	SW Vein
and	254.60	256.85	2.25	1.91	1.40	1.58	7 Vein
and	350.13	350.75	0.62	0.53	1.01	Not Preformed	SW Vein
and	379.47	382.00	2.53	2.15	0.63	0.64	SW Vein
EZ-21-18	299.50	299.90	0.40	0.34	1.53	Not Preformed	SW Vein
EZ-21-19	127.50	128.00	0.50	0.43	4.52	Not Preformed	Blue Vein
and	129.00	130.50	1.50	1.28	4.25	Not Preformed	Blue Vein
and	167.80	168.70	0.90	0.76	4.50	6.14	Blue Vein
and	351.80	354.90	3.10	2.63	0.34	Not Preformed	SW Vein
EZ-21-20	NSI**
EZ-21-21	184.00	186.00	2.00	1.70	1.03	Not Preformed	unknown
and	263.45	264.30	0.85	0.72	1.34	Not Preformed	unknown
EZ-21-22	175.55	176.70	1.15	0.98	1.60	2.50	SW Vein
EZ-21-23	145.00	149.10	4.10	3.48	1.11	1.83	SW Vein
including	147.50	148.20	0.70	0.59	1.08	4.98	SW Vein
EZ-21-24	139.80	141.00	1.20	1.02	0.58	0.58	Blue Vein
and	181.70	182.65	0.95	0.81	0.85	0.84	Blue Vein
EZ-21-25	111.00	113.70	2.70	2.30	13.4	Not Preformed	Blue Vein
including	111.50	112.00	0.50	0.43	71.3	Not Preformed	Blue Vein
EZ-21-26	121.45	122.70	1.25	1.06	9.13	Not Preformed	Blue Vein
including	121.45	121.70	0.25	0.21	45.1	Not Preformed	Blue Vein
and	159.06	160.25	1.19	1.01	1.35	1.45	Blue Vein
EZ-21-27	152.20	153.60	1.40	1.19	12.1	14.31	Blue Vein
including	152.20	153.20	1.00	0.85	16.3	19.19	Blue Vein
and	157.00	157.40	0.40	0.34	1.27	1.28	Blue Vein
EZ-21-28	245.60	246.85	1.25	1.06	0.67	Not Preformed	No.9 Vein

Hole ID	From (m)	To (m)	Interval (m)	True Thickness (m)	Gold Grade	MET Screen Grade	Vein
EZ-22-01	123.90	124.70	0.80	0.68	2.07	2.07	Blue Vein
and	125.90	126.00	0.10	0.08	3.82	3.82	Blue Vein
and	161.42	161.82	0.40	0.34	2.25	2.25	Blue Vein
EZ-22-02	147.65	147.83	0.18	0.15	6.88	6.88	Blue Vein
and	185.25	185.85	0.60	0.51	1.89	1.89	Blue Vein
EZ-22-03	96.91	97.33	0.42	0.36	2.05	523.00	Blue Vein
and	124.02	124.47	0.45	0.38	32.66	Not Preformed	Blue Vein
including	124.02	124.13	0.11	0.09	130.00	133.00	Blue Vein
and	164.41	166.14	1.73	1.47	7.41	Not Preformed	Blue Vein
including	165.41	166.14	0.73	0.62	17.40	Not Preformed	Blue Vein
EZ-22-04	353.8	354	0.2	0.17	1.25	Not Preformed	Blue Vein
EZ-22-05	44.5	45.2	0.7	0.595	11.20	Not Preformed	Blue Vein
and	56.8	57	0.2	0.17	1.38	Not Preformed	Blue Vein
and	84.65	85.55	0.9	0.765	1.33	Not Preformed	Blue Vein
and	98	99	1	0.85	2.62	Not Preformed	Blue Vein
EZ-22-06	40.2	40.9	0.7	0.595	1.91	Not Preformed	Blue Vein
and	47.8	48.15	0.35	0.2975	1.17	Not Preformed	Blue Vein
and	153.35	155	1.65	1.4025	1.71	Not Preformed	Blue Vein
Including	154.15	155	0.85	0.7225	2.79	Not Preformed	Blue Vein
EZ-22-07	164.6	164.92	0.32	0.272	1.45	Not Preformed	Blue Vein
and	165.66	165.79	0.13	0.1105	7.30	Not Preformed	Blue Vein
and	170.17	170.4	0.23	0.1955	48.60	Not Preformed	Blue Vein
EZ-22-08	120.6	121	0.4	0.34	0.494	Not Preformed	Blue Vein
EZ-22-09	105.12	106.17	1.05	0.89	322.54	310.72	Blue Vein
including	105.12	105.32	0.20	0.17	1,654	1,572	Blue Vein
	105.32	106.17	0.85	0.72	9.25	13.95	Blue Vein
and	161.13	162.00	0.87	0.74	2.68	Not Preformed	Blue Vein
and	356.19	358.38	2.19	1.86	0.41	Not Preformed	SW Vein
Including	356.19	356.70	0.51	0.43	1.05	Not Preformed	SW Vein
EZ-22-10	193.1	194.75	1.65	1.40	0.61	Not Preformed	Blue Vein
Including	193.98	194.23	0.25	0.21	0.997	Not Preformed	Blue Vein
EZ-22-11	102.45	193.42	91.37	77.67	0.31	Not Preformed	Blue Vein
including	102.45	104.75	2.30	1.96	11.75	Not Preformed	Blue Vein
including	103.15	103.45	0.30	0.26	85.20	Not Preformed	Blue Vein
Hole ID	From (m)	To (m)	Interval (m)	True Thickness (m)	Gold Grade	MET Screen Grade	Vein
EZ-22-12	137.65	139.33	1.68	1.43	1.26	Not Preformed	Blue Vein
including	138.80	139.33	0.53	0.45	2.08	Not Preformed	Blue Vein
EZ-22-13	108.52	108.77	0.25	0.21	1.62	Not Preformed	Blue Vein
and	111.00	111.27	0.27	0.23	1.03	Not Preformed	Blue Vein
and	112.34	112.45	0.11	0.09	15.30	Not Preformed	Blue Vein
and	196.42	196.60	0.18	0.15	1.49	Not Preformed	Blue Vein
and	215.83	216.00	0.17	0.14	1.95	Not Preformed	Blue Vein

Criteria	JORC Code explanation			Commentary
Sampling techniques	Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gammasondes, or handheld XRF instruments, etc).These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where â€˜industry standard' work has been done this would be relatively simple(eg â€˜reverse circulation drilling was used to obtain1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types(eg submarine nodules) may warrant disclosure of detailed information.			HQ (63.5 mm) sized diamond core using standard equipment. Mineralised and potentially mineralised zones, comprising veins, breccias, and alteration zones were sampled. Samples were half core. Typical core samples are 1m in length. Core samples sent to the lab will be crushed and pulverized to 85% passing75 microns. A 50g pulp will be fire assayed for gold and multi-element ICP. Samples over 10 g/t gold will be reanalysed by fire assay with gravimetric finish
Drilling techniques	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).			Diamond Drilling from surface (HQ size)
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.			Detailed calculation of recovery was recorded, with most holes achieving over 95% No relationship has yet been noted between recovery and grade and no sample bias was noted to have occurred.



Criteria		JORC Code explanation		Commentary
Logging			Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant inter sections logged.	Detailed geological and geotechnical logging was completed for each hole. All core has been photographed. Complete holes were logged.
Sub- sampling techniques and sample preparation			If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grainsize of the material being sampled.	Half core was sampled, using a core saw. Duplicate samples of new and historical core are Quarter core or half core where not previously sampled Sample sizes are considered appropriate for the grain size of the material being sampled. It is expected that bulk sampling will be utilised as the project advances, to more accurately determine grade.
Quality of assay data and laboratory tests			The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and the irderivation, etc. Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.	Core samples that have been sent to the lab for analysis include control samples(standards, blanks and prep duplicates) inserted at a minimum rate of 1:5 samples. In addition to the minimum rate of inserted control samples, a standard or a blank is inserted following a zone of mineralization or visible gold Further duplicate samples were analysed to assess variability
Verification of sampling and assaying			The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data.	Re-assaying of selected intervals of historic core have been sent for analysis.

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Criteria	JORC Code explanation		Commentary
Mineral tenement and land tenure status		Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.	The Black dome-Elizabeth Project is comprised of 73 contiguous mineral claims underlain by 14 Crown granted mineral claims and two mining leases. The Property is located in the Clinton and Lillooet Mining Divisions approximately 230 km NNE of Vancouver Tempus has exercised the option to acquire the Elizabeth Gold Project and has completed an addendum to the original Elizabeth Option Agreement (refer to ASX announcement 15 December 2020) A net smelter royalty of 3% NSR (1% purchasable) applies to several claims on the Elizabeth Property. No royalties apply to the Blackdome Property or Elizabeth Regional Properties. There are currently no known impediments to developing a project in this area, and all tenure is in good standing.
Exploration done by other parties		Acknowledgment and appraisal of exploration by other parties.	In the 1940s,placer gold was discovered in Fairless Creek west of Blackdome Summit. Prospecting by Lawrence Frenier shortly afterward led to the discovery of gold-bearing quartz veins on the southwest slope of the mountain that resulted in the staking of mining claims in 1947. Empire Valley Gold Mines Ltd and Silver Standard Resources drove two adits and completed basic surface work during the 1950s. The Blackdome area was not worked again until 1977 when Barrier Reef Resources Ltd. re-staked the area and performed surface work in addition to underground development. The Blackdome Mining Corp. was formed in 1978 and performed extensive surface and underground work with various joint venture partners that resulted in a positive feasibility study. A 200 ton/day mill, camp facilities and tailings pond were constructed and mining operations officially commenced in 1986. The mine ceased operations in 1991, having produced 225,000 oz of Au and 547,000oz of Ag from 338,000tons of ore (Godard et al., 2010) After a period of inactivity, Claims taker Resources Ltd. took over the project, reopening the mine in late 1998.

Criteria	JORC Code explanation	Commentary
Balanced reporting	Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.	Where broader low-grade intervals are reported the high-grade intercepts are reported as â€˜including' within the reported interval
Other substantive exploration data	Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.	Tempus recently completed an airborne magnetic and radiometric survey over the Elizabeth Gold Project (refer to ASX announcement 02 August 2021) by completing 97 lines for a total of 735 line-kilometres. Flight lines are oriented east-west with north-south tie lines and spaced 200 metres across the entire 115km2 Elizabeth property. Line spacing of 100 metres was flown over the Elizabeth Main and Elizabeth East Zones. The airborne magnetic survey data was reviewed and interpreted by Insight Geophysics Inc. using 3D magnetization vector inversion (MVI) modelling. The geophysical surveys identified the Blue Creek Porphyry, which is the known host of the high-grade Elizabeth gold-quartz veins, as a relative magnetic low anomaly within the Shulaps Ultramafic Complex. From this correlation of geology and geophysics it was determined that the Blue Creek Porphyry, originally explored / mapped to approximately 1.1km2 in size, is likely much larger. The airborne magnetic survey and MVI 3D modelling interpret the Blue Creek Porphyry to be at least four-times the size at approximately 4.5km2. This interpretation of the Blue Creek Porphyry is also extensive at depth extending to at least 2km deep
Further work	The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large- scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	Tempus plans to update historical NI43-101 foreign resource estimates to current NI43-101 and JORC 2012 standards Tempus is also seeking to expand the scale of the mineralisation at the project through further exploration.